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HomeMy WebLinkAboutOrd 0456 - LID #12 (Local Improvement District) CITY OF TUKWILA, WASHINGTON ORDINANCE NO. 456 AN ORDINANCE ordering the construction of a sanitary sewer system along the west side of Interurban Avenue (S.S.H. 5M, also known as West Valley Highway) from approximately South 150th Street projected easterly to the westerly projection of 143rd Place by installing sanitary sewer lateral mains, pumping stations force mains overflows manholes side sewers and appurtenances relating to good sewer construction all in accordance with Resolution No. /g i of the City Council of the City of Tukwila Washington; establishing Local Improvement District No. 12; providing the method of assessment in said District; providing that payment for said improvement be made by special assessments upon the pro- perty 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, by Resolution No. /6 I adopted April 18, 1966, the City Council of the City of Tukwila declared its intention to order the improvement of certain properties along Interubrban Avenue (S.S.H. 5M, also known as West Valley Highway) in the City of Tukwila, Washington, by the construction of a sanitary sewer system and fixed the 16th day of May, 1966, at 8:00 p.m. (PDST) in the Council Chambers of the City Hall in the City of Tukwila, Washington, as the time and place for hearing all matters relating to said proposed improvement and all objections thereto and for determining the method of payment for said improvement; and WHEREAS, Hill Ingman, the City's Engineers have caused an estimate to be made of the costs and expenses of the proposed improvement and have certified said estimate to the City Council, together with all papers and information infr it possession touching the proposed improvement, a description of the boundaries of the District, a statement of what portion of the cost and expense of the improvement should be borne by the property within the proposed district, a statement in detail of the local improvement assessments outstanding or unpaid against the property in the proposed district, and a statement of the aggregate actual valuation of the real estate including 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 estimate is accompanied by a diagram of the proposed improvement showing thereon the lots tracts parcels of land, and other property which will be specially benefited by the proposed improvement, and the estimated amount of the cost and expense thereof to be borne by each lot, tract and parcel of land or other property; and WHEREAS, due notice of the hearing upon said Resolution No. 7 was given in the manner provided by law and said hearing was held by the City Council on May 16 1966, and all written protests filed with the City Council on or before said date were duly considered and overruled and all persons appearig were heard; and WHEREAS, the City Council has determined it to be in the best interests of the City that said improvement 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. The construction of a sanitary sewer system along the west side of Interurban Avenue (S S H 5M, also known as West Valley Highway) from approximately South 150th Street projected easterly to the westerly projection of 143rd Place by installing sanitary sewer lateral mains, pumping stations force mains overflows manholes, side sewers and appurtenances relating to good sewer construction is hereby ordered. All of the foregoing shall be in accordance with the plans and specifications therefor prepared by Hill Ingman, the City's Engineers. Section 2. There is hereby created and established a local improvement district to be called "Local Improvement District No. 12 of the City of Tukwila, Washington," which District is described as follows: A portion of Sections 14 and 23, Township 23 North, Range 4 East W.M. located within the City of Tukwila, Washington, described as follows: Beginning at the northwest corner of Lot No. 10, Block 15, Hillman's Seattle Garden Tracts as recorded in Vol. 11 of Plats, Page 24, records of King County, Washington; -2- Thence northerly and easterly along the north line of Lot No. 10 and its easterly extension to the easterly right -of -way line of Secondary State Highway No. 5 -M (Interurban Ave. South); Thence southerly and easterly along the easterly right -of -way line of Secondary State Highway No. 5 -M to a point of intersection with the easterly extension of the south line of Lot No. 22, The Interurban Addition to Seattle, as recorded in Vol. 10 of Plats Page 55, records of King County, Washington; Thence westerly along the easterly extension and the south line of Lot 22 and its westerly extension to the westerly margin of 65th Avenue South; Thence northerly and westerly along the westerly margin of 65th Avenue and 64th Avenue South to the southwest corner of Lot No. 2 of said Interurban Addition; Thence northerly along the west line of Lot No. 2 and its northerly extension across S. 147th St. to the south margin of Lot No. 1, Block No. 15 of said Hillman's Seattle Garden Tracts; Thence westerly along the southerly line of Lots 1 and 2 to the southwest corner of Lot No. 2, said Block No. 15; Thence northerly and westerly along the westerly line of Lots 2 through 10 of said Block No. 15, to the northwest corner of Lot No. 10, the Point of Beginning. Section 3. The estimated cost and expense of said improvement is hereby declared to be $62,000.00. The entire cost and expense of said improvement shall be borne by and assessed against the property specially benefited by such improvement included in the local improvement district herein established, embracing as near as may be, all property specially benefited by such improvement. There shall be included in such cost and expense all cost items provided in RCW 35.44.020. Section 4. The nature of the improvement provided for herein is such that the special benefits conferred upon the property in the local improvement district herein created are not fairly reflected by the use of the zone-and-termini method of assessment therefor, and it is hereby provided and ordered that the assessments shall be made against the property of the District in accordance with the special benefits it will derive from the improvement without regard to the zone and termini method provided by statute. -3- 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. 12," hereinafter created, to bear interest from the date thereof at a rate to be hereafte fixed by ordinance not to exceed 6% 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 hereafter referred to as "revenue warrants." Such bonds shall bear interest at a rate to be hereafter fixed by ordinance not exceeding 6% 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 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 a period of not to exceed 60 days after the first publication by the City Treasurer of notice that the assessment roll for Local Improvement District No. 12 is in her hands for collection. The bonds shall be redeemed by the collection of special assessments 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 exceeding 6% per annum, under the mode of "payment by byonds 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 6% per annum and a penalty of 6% which shall also be collected. The exact form, amount, date, interest rate and denominations of said warrants and bonds shall be hereafter fixed by ordinance of the City Council. Said warrants and bonds shall be sold in such manner as the City Council shall hereafter 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 -4- in cash warrants drawn upon the "Local Improvement Fund, District No. 12." 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. 12, a special fund to be known and designated as "Local Improvement Fund, District No. 12," 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 improvements. PASSED by the City Council and APPROVED by the Mayor of the City of Tukwila, Washington, at a regular meeting thereof, this 6th day of June, 1966. May.. ATTES _idj. City Clerk FORM A PROVED: j (_7(-6( -.L-4----66';- -,1 City Attorne 77 L -5-