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HomeMy WebLinkAbout681 . . t' -.. . - :'4t ... -" -' o R DIN A N C E NO. 681 AN ORDINANCE: Providing for the improvement of Pike Street N. E. in the City of Auburn between Main Street East and Fourth Street N. E. by the conatruotion therein of ooncrete and oement sidewalks on both sides of said Street and by the grading and gravelling said Street and by the doing of all suoh other work as may be necessary in oonneotion therewith) all aocording to plans and speo- ifioations on file with the City Clerk and in aooordanoe with the resolution providing for Local Improvement Dis- trict No. 97; approving and adopting said plans and speo- ifioations; oreating Local Improvement Distriot No. 97 and LOcal Improvement Fund) District No. 97; providing for the assessment of the oosts and expense of suoh im- provement upon the property in said District; and prov- iding for the payment thereof by bonds of said Distriot. THE CITY COUNCIL OF THE CrTY OF AUBURN DO ORDAIN AS FOLLOWS: .~ Seotion l. That all that portion of Pike Street N. E. in the City of Auburn between Main Street East and Fourth Street N. E. be improved by the oonstruction there- in of oonorete and cement sidewalks on both sides of said portion of Pike Street N. E. and by the grading and gravel- ling of all that portion of Pike Street N. E. situate be- tween Main Street East and Fourth Street N. E.) and by do- ing such other work as may be necessary to properly comp- lete said in~rovement) all according to plans and speoifi- cations for such improvements prepared by the City Engineer under the direotion of the Street Committee of the City Council of the City of Auburn, and now on file in the office of the City Clerk) which plans and speoifioations for suoh improvement are in aooordance with the Resolution providing for Local Improvement Distriot No. 97. Section 2. That the plans ans speoifications for suoh improvement, prepared by the City Engineer .and now on file in the offioe of the City Clerk be and the same hereby are approved and adopted. Seotion 3. That the oosts and expense of said improve- ment inoluding all neoessary and inoidental expenses shall be borne by and assesse~ against the property inoluded in the asseesment diet_iot hereinafter oreated acoording to law. The City of Auburn shall not be liable in any manner for any portion of the costs and expense of said improve- ment except as herein provided. f .. .. "2 . . 1.'. .. -. --'- 0 - :. Section 4. That there is hereby established a Looal Improvement Distriot to be called Looal Improvement District No. 97, which said District is described as follows: "All of the property between the termini of that portion of said Street proposed to be improved as aforesaid and on eaoh side thereof, abutting upon, adjacent, vioinal or proximate to suoh por- tion of said Street to a distance back of the marginal lines thereof as provided by law." Section 5. That said improvement shall be made by the City of Auburn under the direction of the City Counoil thereof or suoh oommittee or persons as the City Council may designate. Seotion 6. That there is hereby established in the Treasury of the City of Auburn a fund to be known as "Lo- cal Improvement Fund) District No. 97". That all moneys paid into the City Treasury of the City of Auburn on ao- oount of the oosts and expense of improvements in said District shall be paid into and credited to said fund, and that all warrants drawn or issued by the City of Auburn in payment for improvements in or expenses against said Dis- trict shall be drawn upon and payable from said fund. Section 7. Payment for said Improvement shall be made in the first instance by warrants drawn upon said Looal Im- provement Fund, which warrants shall bear interest at the rate of seven per cent per annum. Bonds bearing interest at the rate of seven per oent per annum payable on or before twelve years from the date of said issuance shall be issued in payment of the costs and expenses of said improvement, whioh bonds shall be redeemed by the oollection of special assessments to be levied and assessed upon the property with- in said District, payable in ten equal annual installments with interest at the rate of seven per oent per annum, under the mode of "Payment by Bonds" as defined by law. Such bonds shall be sold and redemption of warrants made in cash. Section 8. The City Treasurer shall, upon reoeipt of an assessment roll therefor, publish a notioe in the offioial newspaper of the City of Auburn for two oonseoutive weekly is~ sues that such roll is in his hands for collection and that any assessment thereon or any portion of any assessment may be paid at any time within tbirty days from the date of the first publication of said notioe, without interest, penalty or cost) and that unless payment be made within such time the sum remain- ing unpaid the~eafter may be paid in equal annual installments the number of whioh annual installments Shall be two less than the number of years which said bonds are to run, with interest on the whole unpaid sum so charged at the rate of seven per oent per annum, payable annually, and eaoh year thereafter, one of such installments, together with the interest thereon due and on all install..nts thereafter to beoome due shall be oollected in the manner provided by law, and unless payment be made at the time, suoh installment or instamments shall bear interest at the rate of ~ j '... .: " . ., _0. " ~ seven per oent per annum and shall be collected and the lien thereof enforced in the manner provided by law. Seotion 9. Further provision shall be made by the City 6~ncil for the levy and oollection of the assess- ments herein provided for and for the issuance of said bonds in payment of the oost and expense of said improve- ment, such provision to be made from time to time by Or- dinanoe. Section 10. That this Ordinance shall take effect and be in foroe five days from and after its passage, ap- proval and publication as required by law. Introduoed June l8t 1929. Passed June 18, 1929. Approved June 18, 1929. .._-~~/ , Mayor. Attest: iVt/ (~' City Clerk. II (j Approved as to form, June l8t 1929. ~~.a~~~ City Attorney Published June 20t 1929. .