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Home My WebLink About1970 - Ord 0591 - LID #16 (Local Improvement District) Assessment Roll Levy - 6610952 voz '8 F!cE X 34 66109&2 6 kV /poi! CITY OF TUK WILA WASHINGTON ORDINANCE NO. 591 Z71 AN ORDINANCE ordering the improvement of 48th Avenue So. from Interurban Avenue East to the Green River by installation. of a fifty foot (50') wide street with a twenty -six foot (26') surface by excavating and grading including curbs and gutters, bituminous concrete surfacing, and 4?)1 installation of storm sewers, all in accordance with City standards, pursuant to Property Owners' Petition; establishing Local Improvement District No. 16; providing that payment for said improve- ment be by special assessments on property in said district; payable by the mode of "payment by bonds and providing for the issuance and sale of local improvement district warrants redeemable in cash and local improvement district bonds. WHEREAS, a petition has been filed with the City Council of the City of Tukwila, Washington, signed by the owners of property aggregating a majority of (1) the lineal frontage upon the improvement and (2) of the area within the proposed district, setting forth the nature and territorial extent of the proposed improvement, the mode of payment, the assessment district, and what portion of the lineal frontage upon the improvement and of the area within the proposed district is owned by the peti- tioners as shown by the records in the office of the County Auditor of King County, petitioning for the improvement of 48th Avenue So. from Secondary State Highway 5 -M (Interurban Avenue) east to the Green River. WHEREAS, Hill, Ingman, Chase Co., City Engineers, have caused an estimate to be made of the costs and expense of the proposed improvement and have certified said estimate to the City Council, together with all papers and information in its possession touching the proposed improvement, a description of the boundaries VQL G b 8 Wan of the District, a statement of what portion of the cost and expense of the improvement is to be borne by the property within the proposed District, a statement in detail of the local improve- ment assessments outstanding or unpaid against the property in the proposed District, and a statement of the aggregate actual valuation of the real estate, including twenty -five percent (25%) of the actual valuation of the improvements in the proposed District, according to the valuation last placed upon it for the purpose of general taxation. and WHEREAS, said engineers have also determined that the petition is sufficient and the facts therein set forth are true; and WHEREAS, said estimate is accompanied by a diagram of the proposed improvement showing thereon the lots, tracts, parcels, and other property which is benefitted by the proposed improve- ment, and the amount of the cost and expense thereof to be borne by each lot, tract, and parcel of land or other property; and WHEREAS, the City Council has now determined it to be in the best interest of the City and of the owners of the prop- erty within the local improvement district that said improvement petitioned for as hereinafter described, be carried out and that a local improvement district be created in connection therewith; NOW THEREFORE, THE CITY COUNCIL of the City of Tukwila, Washington, do ordain as follows: Section 1. It is hereby ordered that 48th Avenue So. be improved from Secondary State Highway 5 -M (Interurban Avenue) east to the Green River by excavating and grading including curbs and gutters, bituminous concrete surfacing and installation of storm sewers. All of the foregoing shall be in accordance -2- vol 26 PAGE I3 with the plans and instructions to be prepared by Hill, Ingman, Chase Co., the City's Engineers, and such plans and specifica- tions are hereby adopted for said improvement. Section 2. There is hereby created and established a r.v local improvement district to be called "Local Improvement District No. 16" of the City of Tukwila, Washington; which district is described as follows: That portion of the Stephen Foster Donation Land Claim No. 38, and of the C. C. Lewis Donation Land Claim No. 37 in Sections 11, 14 and 15, Township 23 North, Range 4 East, W.M. described as follows: Beginning at the intersection of the centerline of 48th Avenue So. as recorded under Auditor's File No. 6313596, records of King County, Washing- ton, with the Northeasterly margin of the City of Seattle Transmission Line Right -of -Way; Thence North 49 °24' West along said Northeasterly margin 320 feet; Thence North 40 °36' East 702.10 feet; Thence South 49 °24' West 75.00 feet; Thence North 40 °36' East 1200 feet, more or less, to the Southwesterly line of that portion of said C. C. Lewis Donation Land Claim conveyed to King County by deed recorded under Auditor's File No. 6029599, records of King County, Washington; Thence Southeasterly along said Southwesterly line to the Northerly margin of Interstate Highway No. 5; Thence Southwesterly along said highway margin to its intersection with the Northeasterly margin of the City of Seattle Transmission Line Right -of -Way; Thence North 49 °24' West along said Northeasterly margin 155 feet more or less to the Point of Begin- ning. Section 3. The estimated cost and expense of said im- provement is hereby declared to be $125,000.00. Included in the cost of this improvement shall be (1) cost of construction and improvement of said street, (2) all engineering and surveying necessary for the improvement, (3) all legal work and opinions -3- VOL 268 PACE 137 incidental thereto, (4) ascertaining the ownership of lots or parcels of land included within the assessment district, (5) appraisals, (6) advertising, mailing, posting and publishing all necessary notices, (7) accounting, clerical labor and books rq and blanks extended or used on the part of the City Clerk or Treasurer in connection with the improvement, (8) all cost of i acquisition of rights of way, property, easement or other facilities or rights, and all other expenses incidental thereto as required or provided by the State of Washington or ordinances of the City of Tukwila. The entire cost and expense of said improvement shall be borne by and levied and assessed against all the property specially benefitted by such improvement included in the local improvement district herein established, embracing as near as may be, all property specially benefitted by such improvement. Section 4. The cost and expense of said improvement shall be assessed upon all of the property in the District in accordance with the special benefits conferred thereon without regard to the zone and termini method of assessment provided by statute. Section 5. Local improvement district warrants shall be issued in payment of the cost and expense of the improvement herein ordered, such warrants to be payable out of the "Local Improvement Fund, District No. 16," hereafter created to bear interest from the date thereof at a rate to be hereafter fixed by ordinance not to exceed eight percent (8 per annum and to be redeemed in cash, and /or by local improvement district bonds herein authorized to be issued, said interest bearing warrants to be here- after referred to as "revenue warrants." Such bonds shall bear interest at a rate to be hereafter fixed by ordinance not exceeding -4- vai 26 FAud 13 eight percent (8 per annum, shall be payable on or before twelve (12) years from the date of issuance, the life of the improvement ordered being not less than twelve (12) years, and shall be issued in exchange for and in redemption of any and all revenue warrants issued hereunder and not redeemed in cash within e4 03 a period not to exceed sixty (60) days after the first publication 4 by the City Treasurer of notice that the assessment roll for "Local Improvement District No. 16" is in her hands for collection. The bonds shall be redeemed by the collection of special assess- ments to be levied and assessed upon the property within said District, payable in ten (10) equal annual installments, with interest at a rate to be hereafter fixed by ordinance not exceed- ing eight percent (8 per annum, under the mode of "payment by bonds," as defined by law and the ordinances of the City of Tukwila. In the case of default in the payment of any assessment when the same shall become due, there shall be added interest at a rate to be hereafter fixed by ordinance not to exceed eight percent (8 per annum and a penalty of five percent (5 which shall also be collected. The exact form, amount, date, interest rate and denominations of said warrants and bonds shall be here- after fixed by ordinance of the City Council. Said warrants and bonds shall be sold in such manner as the City Council shall here- after determine. Section 6. All the work necessary to be done in connection with the making of said improvement shall be done by and made by contract upon competitive bids and the City shall have and reserves the right to reject any and all bids. The call for bids for work authorized pursuant to this Ordinance shall include a statement that payment for said work will be made in cash warrants drawn upon the "Local Improvement Fund, District No. 16." -5- voL 268 PAGE 1.39 Section 7. There is hereby created and established in the office of the City Treasurer of the City of Tukwila, for Local Improvement District No. 16 a special fund to be known and designated as "Local Improvement Fund, District No. 16," into which fund shall be deposited the proceeds from the sale of revenue warrants drawn against said fund which may be issued and sold by the City and collections pertaining to assessments, and against which fund shall be issued cash warrants to the contractor or contractors in payment for the work to be done by them in connection with said improvement, and against which fund cash warrants shall be issued in payment of all other items of expense in connection with said improvement. PASSED by the City Council and APPROVED by the Mayor of the City of Tukwila, Washington, at a regular meeting thereof, this 3rd day of November, 1969. 1 Mayor ATTEST: City Clerk APPROVED AS TO F94: Ofil/7 .-",41;ZU CitY\ Attorney j r Published Record Chronicle November 7, 1969 -6- Filed for Reco av 197a j. .m, Request of aJ ED D ILOGAN, Rec d r