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548_00001ORDINANCE No.548 AN ORDINANCE ordering the improvement of Wheeler Road from the intersection of Pioneer Way to State Highway 11G by grading,graveling,constructing and installing stormidrainage,curbs and gutters,sidewalks,retaining wall and asphaltic concrete pavement and traffic signals,all in accordance with Resolution No.396 of the City Council of the City of Moses Lake,Washington;establishing Local Improvement District No.22;providing that payment for aportionofsaidimprovementbemadebyspecialassessments upon property in said district payable by the mode of "paymentbybonds;"and providing for the issuance and sale of local improvement district warrants redeemable in cash and localimprovementdistrictbonds. WHEREAS,by Resolution No.396,adopted June 14,1966,the City Council of the City of Moses Lake declared its intention to improve Wheeler Road from the intersection of Pioneer Way to State Highway 11G by grading,graveling, constructing and installing storm drainage,curbs and gutters,sidewalks, retaining wall and asphaltic concrete pavement and traffic signals,and to create a local improvement district to assess a part of the cost and expense of said improvements against the properties in such district specially benefited thereby,and notified all persons who may desire to object to said improvements to appear and present their objections at a meeting of the City Council to be held on the 5th day of July,1966,at 8 o'clock p.m.in the Council Chambers in the City Hall in the City of Moses Lake,Washington;and WHEREAS,K.Patrick Nevins,Public Works Director of the City of Moses Lake, has caused an estimate to be made of the costs and expenses of the proposed improvement and has certified said estimate to the City Council,together with all papers and information in his possession touching the proposed improvement, I 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 prolerty within the district,and a statement in detail of the local improvement assessments out- standing 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 Ordinance No.548 (Continued) 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.342 was given in the manner provided by law and said hearing was held by the City Council on July 5,1966,and all written protests filed with the City Council on or before said date were duly considered 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 the said improvements,as hereinafter described,be carried out and that a local improvement district be created in connection herewith,NOW, THEREPORE THE CITY COUNCIL OF THE CITY OF MOSES LAKE,WASHINGTON DO ORDAIN AS FOLLOWS: Section 1.It is hereby ordered that Wheeler Road from the intersection of Pioneer Way to State Highway 11G be improved by grading,graveling,con- structing and installing storm drainage,curbs and gutters,sidewalks, retaining wall and asphaltic concrete pavement and traffic signals,all in accordance with the plans and specifications therefor prepared by the Public Works Director . Section 2 .There is hereby created and established a local improvement ke,ct tash ngt n,' hiccahl prr te de cribecd aNo.o 12 of tahndCo ta n1VIo a following areas: That portion of Holmes Commercial plat and Commercialplat,Lot 1,lying South of a line between a point whichis42.37 feet North of the Southwest corner of HomesCommercialplat,Lot 1,to a point which is 150.17 feetNorthoftheSoutheastcornerofCommercialplat,Lot 1)the South one-half of Lot 2 and all of Lots 4 and 5 of Commercial Addition;all of the area lying within 190feetofcenterlineofWheelerRoadfromtheEastproperty Ordinance No.548 (Continued) line of Lot 5,Commercial plat to the East property lineofFleetAdditionplat;and all of the Weeseler Addition plat and all of the area lying within 190 feet of thecenterlineofWheelerRoadfromtheWesselerAddition i plat to the West boundary of Lot 10 of Terrace Addition plat;and the North 90 feet of Lots 1 through 10 of the Terrace Addition plat,all in the City of Moses Lake. Section 3.The total estimated cost and expense of said improvement is hereby declared to be $181,820.00. Section 4.Of the total estimated cost and expense,$51,072.00 shall be borne by and assessed against the property specially benefited by the improvement to be included in the local improvement district herein established and the balance of the cost and expense of the improvement shall be borne by the City of Moses Lake . Section 5 .The nature of the improvement provided for herein is such that the special benefits conferred upon the property in the local I improvement district herein created are fairly reflected by the use of 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 Dis- trict in accordance with the zone-and-termini method provided by statute. Section 6 ,Local Improvement District warrants shall be issued in payment of that portion of the cost and expense of the improvement herein ordered to be assessed,such warrants to be payable out of the "Local Improvement Fund,District No.22"hereinafter created,to bear interest from the date thereof at a rate to be hereafter fixed by ordinance not to exceed 6%per annum and to be redeemed in cash,and/or by local improvement district bonds therein 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 hereunder and not redeemed in cash within a period not to exceed 60 days Ordinance No.548 (Continued) after the first publication by the City Treasurer of notice that the assessment roll £or Local Improvement District No.22 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 "paymentby bonds,"as defined by law and the ordinances of the City of Moses Lake. 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 7.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 reserve 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 Pund,District No.22." Section 8 .There is hereby created and established in the office of the City Treasurer of the City of Moses Lake,for Local Improvement District FNu d2.2 a special fund tno knh ha and designateddeaps Local Improvement from the sale of revenue warrants drawn against said fund which may be issued and sold by the City and collection pertaining to assessments, moneys to be contributed by the City and from any other source,and against which fund shall be issued cash warrants to the contractor or contractors Ordinance No.548 (Continued) in payment for the work to be done by them in connection with said improve ment 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 Moses Lake,Washington,at a regular meeting thereof,this 12th day of July,1966. APPROVED AS TO FORM: y Attorney i