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HomeMy WebLinkAboutOrd 0715 - LID #19 (Local Improvement District) s 405 CITY OF T KW' LA WASHINGTON ORDINANCE NO. 715 L: AN ORDINANCE ORDERING THE IMPROVEMENT OF PROP- ERTY WITHIN THE CITY OF TUKWILA, WASHINGTON, BY THE CONSTRUCTION AND INSTALLATION OF CERTAIN TRUNK AND LATERAL SANITARY SEWERS, ALL IN ACCORD- ANCE WITH THE RESOLUTION NO. 299 OF THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON; ESTABLISHING LOCAL IMPROVEMENT DISTRICT NO. 19; PROVIDING THAT PAYMENT IN PART FOR SAID IMPROVE- MENT BE MADE BY SPECIAL ASSESSMENTS UPON 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, By Resolution No. 299, adopted June 5, 1972, the City Council of the City of Tukwila, Washington, declared its intention to improve an area within the corporate limits of the city by the construction and installation of certain trunk and lateral sanitary sewers and to create a local improvement district to assess a part of the cost and expense of carrying out such improvement against the properties especially benefited thereby, and fixed the 10th day of July, 1972, at 8:00 P.M. (PDT) in the Council Chambers in the City Hall, Tukwila, Washington, as the time and place of hearing all matters relating to said pro- posed improvement and all objections thereto and for determining the method of payment for that improvement; and WHEREAS, Hill, Ingman, Chase Company, consulting engineers for the City, caused an estimate to be made of the costs and expenses of the proposed improvement and certified said esti- mate to the City Council, together with all papers and information in its 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 properties within the proposed District, a statement in detail -1- of the local improvement assessment outstanding or unpaid against the properties 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 especially 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. 299 was given in the manner provided by law and said hearing was held by the City Council on July 10, 1972, and all written pro- tests filed with the City Council on or before said date were duly considered by the City Council and overruled and all persons appearing at said hearing 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 City Council of the City of Tukwila, Washington, hereby orders the construction and installation of the trunk and lateral sewers to serve the property within the corporate limits of the City, more particularly described in Exhibit "A" attached hereto and by this reference made a part hereof. All of the foregoing shall be in accordance with the -2- plans and specifications therefor prepared by Hill, Ingman, Chase Company, Consulting Engineers for the City. Section 2. There is hereby created and established a local improvement district to be known and designated as "Local Improvement District No. 19 of the City of Tukwila, Washington," lying within the corporate limits of the City of Tukwila and con listing of the property more particularly described in. Exhibit "A" attached hereto and by this reference made a part hereof. Section 3. The total estimated cost of such improvement is hereby declared to be $125,000.00, of which total cost the sum of approximately $46,000.00 is anticipated to be received by way of a grant from the United States of America Department of Housing and Urban Development. The entire remaining portion of the cost and expense of such improvement shall be borne by and be assessed against the properties especially benefited by such improvement, included in the local improvement district herein established embracing as near as may be all property especially benefited by such improvement. Section 4. In accordance with the provisions of Section 7 of Chapter 258, Laws of Washington, 1969, 1st Ex. Sess., the City may use any method or combination of methods to compute assess- ments which may be deemed to fairly reflect the special benefits to the properties being assessed. Section 5. Local improvement district warrants shall be issued in payment of the cost and expense of the improvement, such warrants to be payable out of the "Local Improvement Fund, District No. 19," hereinafter created, to bear interest from the date thereof at a rate to be hereafter fixed by ordinance not to exceed 8% per annum and to be redeemed in cash, and /or by local improvement district bonds herein authorized to be issued, such -3- interest- bearing warrants to be hereafter referred to as "revenue warrants." Such bonds shall bear interest at a rate to be here- after fixed by ordinance not exceeding 8% per annum, shall be payable on or before 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 sixty days after the first publica- tion by the City Treasurer of notice that the assessment roll for Local Improvement District No. 19 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 10 equal annual installments, with interest at a rate to be hereafter fixed by ordinance not exceeding 8 1/2% per annum, under the mode of "payment by bonds," as defined by law and the ordinances of the City of Tukwila, Washington. 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 8 1/2% per annum and a penalty of 5% which shall also be collected. The exact form, amount, date, interest rate and denomination 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 the ordinance shall include a statement that payment for said work will be made in cash warrants drawn upon the "Local Improvement Fund, District No. 19." -4- 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. 19 a special fund to be known and desig- nated as "Local Improvement Fund, District No. 19," 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, grant moneys anticipated to be received from the United States of America, Department of Housing and Urban Development, and collec- tions 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 for 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 open public meeting thereof, this 1/7t! day of July, 1972. Mayor Attest: Approved as to Form: 1o��j 4 City CleD o City Attorney Published: 7//9/ -5- EXHIBIT "A" CITY OF TUKWILA Legal Description That portion of Government Lots 8 and 10 in Section 24, Town- ship 23 North, Range 4 East, W.M. and of the Henry Meader Dona- tion Claim No. 46 which lies Easterly of the East margin of SR 181 (So. Corp. Limits of Tukwila to Foster Interchange Right of Way Sheet 6 of 8 sheets) and Easterly of the East margin of the 2M- Line of Primary State Highway No. 1, SR 405 (Green River Inter change Sheets 1 and 2 of 4 sheets), as recorded under Auditor's File No. 5399945 in King County, and Southerly of the South margin of Primary State Highway No. 1, SR 405 (said Green River Interchange and Jct. S.S.H. No. 5 to Jct. P.S.H. No. 2 in Renton, Sheet 1 of 10 sheets), and Westerly of the West Margin of the Chicago, Milwaukee and St. Paul Railroad right of way, and Northerly of the North margin of the Bow Lake Pipeline as recorded under Auditor's File No's. 797694 and 4131067, also: That portion of the Henry Meader Donation Claim No. 46 in the South 1/2 of the Southwest 1/4 of said Section 24, Lying Westerly of the West margin of SR 181 (So. Corp. Limits of Tukwila to Foster Interchange right of way, Sheet 6 of 8 sheets), and Westerly of the West margin of the 2M -Line and Southerly of the South margin of the AR -Line of Primary State Highway No.. 1, SR 405 (Green River Interchange, Sheets 1 and 2 of 4 sheets), as recorded under Auditor's File No. 5399945 in King County.