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HomeMy WebLinkAbout4695 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 0RD~NANCE NO. 4695 %¥ AN ORDINANCE OF THE CITY OF AUBURN, WASHINGTON; ORDERING THE IMPROVEMENT OF MAIN STREET FROM AUBURN AVENUE TO B STREET SOUTHWEST IN THE CITY (STREET IMPROVEMENT NO. 315), ALL IN ACCORDANCE WITH RESOLUTION NO. 2556 OF THE CITY COUNCIL; ESTABLISHING LOCAL IMPROVEMENT DISTRICT NO. 348 AND ORDERING THE CARRYING OUT OF THE PROPOSED IMPROVEMENT; PROVIDING THAT PAYMENT FOR THE IMPROVEMENT BE MADE IN PART BY SPECIAL ASSESSMENTS UPON THE PROPERTY IN THE DISTRICT, PAYABLE BY THE MODE OF "PAYMENT BY BONDS"; AND PROVIDING FOR THE: ISSUANCE AND SALE OF LOCAL IMPROVEMENT DISTRICT WARRANTS REDEEMABLE IN CASH OR OTHER SHORT-TERM FINANCING AND LOCAL IMPROVEiMENT DISTRICT BONDS. WHEREAS, by Resolution No. 2556 adopted October 3, 1994, the City Council' declared its intention to order the improvement of Main Street from Auburn Avenue to B Street Southwest, and fixed November 7, 1994, at 7:30 p.m., local time, in the Council Chambers of the City Hall as the time and place for hearing all matters relating to the proposed improvement and all objections thereto and for determining the method of payment for the improvement; and WHEREAS, the City Engineer for the Director of Public Works, caused an estimate to be made of the cost and expense of the proposed improvement and certified that estimate to the City Council, together with all papers and inforiaation in his possession touching the proposed improvement, a description of the boundaries of the proposed local improvement district and a statement of what portion of the cost and expense of the Ordinance No. 4695 October 11, 1994 Page 1 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 improvement should be borne by the property within the proposed district; and WHEREAS, that 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 cost and expense thereof to be borne by each lot, tract and parcel of land or other property; and WHEREAS, due notice of the above hearing was given in the manner provided by law, and the hearing was held by the City Council on the date and at the time above mentioned, and all objections to the proposed improvement were duly considered and overruled by the City Ceuncil, and all persens appearing at such hearing and wishing to be heard were heard; and WHEREAS, the City Council has determined it to be in the best interests of the City that the improvement as hereinafter described be carried out and that a local improvelment district be created in connection therewith; NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF AUBURN, WASHINGTON, DO ORDAIN AS FOLLOWS: Seot~on ~. The City Ceuncil of the City of Auburn, Washington (the "City"), orders the improvement of Main Street from Auburn Avenue to B Street Southwest, and the properties within the area described in Exhibit A, attached hereto and by Ordinance No. 4695 October 11, 1994 Page 2 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 this reference made a part hereof, ("Street: Improvement No. 315") by (1) removing the existing street, curb, gutter and sidewalk; (2) constructing a new street,, curbs, and sidewalks and maintaining existing pavement and sidewalk widths; (3) paving the street with asphalt concrete; (4) constructing curbs, gutters, sidewalks and crosswalks with cement concrete; (5) removing existing street lighting system and replacing it with a combined street and pedestrian lighting system; (6) removing storm water system and replacing it with twelve inch concrete pipes, as well as new catch basins and manholes; (7) installing an eight inch ductile iron water line; (8) landscaping; and (9) all other work necessary to complete the same. All of the foregoing shall be in accordance with the plans and specifications therefor prepared by the City Engineer, and may be modified by the City Council as long as such modification does not affect the purpose of the improvement. Seotion Z~ There is created and established a local improvement district to be called Local Improvement District No. 348 of the City of Auburn, Washington (the "District"), the boundaries or territorial extent of the District being more particularly described in Exhibit A attached hereto and by this reference incorporated herein. Ordinance No. 4695 October 11, 1994 Page 3 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 against the included in practicable improvement and the balance of such paid by the City. Section 4. In accordance RCW 35.44.047, the methods to compute fairly reflect the Seotion 3.. The total estimated cost and expense of the improvement is declared to be $1,029,000. Approximately $90,000 of the cost and expense shall be borne by and assessed property specially benefited by such improvement the District which embraces as nearly as all property specially benefited by such cost and expense shall be with the provisions of City may use any method or combination of assessments which may be deemed to more special benefits to the properties being assessed than the statutory assessment method. Seotion 5. Local improvement district warrants may be issued in payment of the cost and expense of the improvement herein ordered to be assessed, such warrants to be paid out of the Local Improvement Fund, District No. 348, hereinafter created and referred to as the Local Improvement Fund, and, until the bonds referred to in this section are issued and delivered to the purchaser thereof, to bear interest from the date thereof at a rate to be established hereafter by the City Clerk, as issuing officer, and to be redeemed in cash and/or by local improvement district bonds herein authorized to be issued, such interest-bearing warrants to be hereafter Ordinance No. 4695 October 11, 1994 Page 4 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 referred to as "revenue warrants." In the alternative, the City hereafter may provide by ordinance for the issuance of other short-term obligations pursuant to chapter 39.50 RCW. If the City shall authorize expenditures to be made for such improvement (other than for any cost or expense expected to be borne by the City) prior to the date that any short-term obligations or local improvement district bonds are issued to finance the improvement, from proceeds of interfund loans or other funds that are not, and are not reasonably expected to be, reserved, allocated on a long-term basis or otherwise set aside to pay the cost of the improvement herein ordered to be assessed against the property specially benefited thereby, the City declares its official intent that those expenditures, to the extent not reimbursed with prepaid special benefit assessments, are to be reimbursed from proceeds of short-term obligations or local improvement district bonds that are expected to be issued for the improvement in a principal amount not exceeding $100,000. The City is authorized to issue local improvement district bonds for the District which shall bear interest at a rate and be payable on or before a date to be hereafter fixed by ordinance. The bonds shall be issued in exchange for and/or in redemption of any and all revenue warrants issued hereunder or other short-term obligations hereafter authorized Ordinance No. 4695 October 11, 1994 Page 5 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 and not redeemed in cash within twenty days after the expiration of the thirty-day period for the cash payment without interest of assessments on the assessment roll for the District. The bonds shall be paid and redeemed by the collection of special assessments to be levied and assessed against the property within the District, payable in annual installments, with interest at a rate to be hereafter fixed by ordinance under the mode of "payment by bonds," as defined by law and the ordinances of the City. The exact form, amount, date, interest rate and denominations of such bonds hereafter ordinance of the City Counoil. Such bonds such manner as the City Council hereafter shall be fixed by shall be sold in shall determine. · eotio~ $. In all cases where the work necessary to be done in connection with the making of such improvement is carried out pursuant to contract upon competitive bids (and the City shall have and reserves the right to reject any and all bids), the call for bids shall include a statement that payment for such work will be made in cash warran'ts drawn upon the Local Improvement Fund. Section 7. The Local Improvement Fund for the District is created and established in the office of the City Clerk. The proceeds from the sale of revenue warrants or other short- term obligations drawn against the fund which may be issued Ordinance No. 4695 October 11, 1994 Page 6 1 2 3 4 5 6 7 8 9 10 11 12 14 15 16 17 18 19 20 21 22 23 24 25 26 and sold by the City and the collections of special assessments, interest and penalties thereon shall be deposited in the Local Improvement Fund. Cash warrants to the contractor or contractors in payment for the work to be done by them in connection with the improvement and cash warrants in payment for all other items the improvement shall be issued Fund. 8eotion 8. Within 15 days of the passage of ordinance there shall be filed with the City Clerk the of the improvement and District number, a copy of the of expense in connection with against the Local Improvement or print showing the boundaries of the District preliminary assessment roll or abstract of such roll thereon the lots, tracts and parcels of land that this title diagram and the showing will be specially benefited thereby and the estimated cost and expense of such improvement to be borne by each lot, tract or parcel of land. The City Clerk immediately shall post the proposed assessment roll upon her index of local improvement assessments against the properties affected by the local improvement. 8eotion 9. The Mayor is hereby such administrative procedures as may out the directions of this legislation. authorized to implement be necessary to carry Ordinance No. 4695 October 11, 1994 Page 7 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 Section 10. This Ordinance shall force five (5) days from and after its publication as provided by law. INTRODUCED: PASSED: APPROVED: take effect and be in passage, approval and MAYOR ATTEST: Robin Wohlhueter, City Clerk APPROVED AS TO FORM: Michael J. Reynolds, Acting city Attorney PUBLISHED: Ordinance No. 4695 October 11, 1994 Page 8 LEGAL' DESCRIPTION ASSESSMENT BOUNDARY ~..I.D. [ 348 BEGINNING AT THE NORTHWEST CORNER OF LOT No. 4, BLOCK No. 2 OF FIRST ADDITION TO THE TOWN OF SLAUGHTER AS RECORDED IN VOLUME 2 OF PL~TS, PAGE S4, RECORDS OF KING COUNTY, WASHINGTON; THENCE EASTERLY ALONG THE NORTH BOUNDAR'¥ OF LOT No. 4 AND LOT NO. 5 AND LOT No. 6 OF SAID BLOCK NO. 2 OF FIRST ADDITION TO THE TOWN OF SLAUGHTER TO THE NORTHEAST CORNER OF SA~D LOT NO. 6 OF BLOCK NO. 2 OF FIRST ADDITION TO THE TOWN OF SLAUGHTER; THENCE CONTINUING EASTERLY TO THE NORTHWEST CORITER OF LOT No. 5, BLOCK NO. I OF SAID FIRST ADDITION TO THE TOWN OF SLAUGHTER; THENCE NORTHERLY ALONG THE WEST BOUNDARY OF SAID BLOCK No. I OF FIRST ADDITION TO TH~ TOWN OF SLAUGHTER TO THE NORTHWEST CORNER OF L~r No. 4 OF SAID BLOCK No. i OF FIRST ADDITION TO THE TOWN O',F SLAUGHTER; THENCE EASTERLY ALONG THE NORTH BOUNDARY OF SAID BLOCK No. I OF FIRST ADDITION TO THE TOWN OF SLAUGIT~ER TO THE NORTHEAST CORNER OF LOT No. I OF SAID BLOCK No. I OF FIRST ADDITION TO THE TOWN OF SLAUGHTER; THENCE SOU~HERLY ALONG THE EAST BOUNDARY OF SAID BI&)CK No. I OF FIRST ADDITION TO THE TOWN OF SLAUGHTER TO THE NORTHEAST CORNER OF LOT No. S OF SAID BLOCK No. 1 OF FIRST ADDITION TO THE TOWN OF SLAUGHTER; THENCE EASTERLY TO THE NORTHWEST CORN]~ OF ~ NO. 4 OF BLOCK No. 0 OF FIRST ADDITION TO THE TOWN GF SLAUGHTER; THENCE EASTERLY ALONG THE NORTH BOUNDARY OF SAID BLOCK 0 OF FIRST ADDITION TO THE TOWN OF SLAUGHTER AND SAID NORTH BOUNDARY EXTENDED EASTERLY, TO THE NORTI4WESTS]~LY MARGIN OF AUBURN AVENUE; THENCE SOUTHWESTERLY ALONG SAID NORTHWESTERLY MARGIN OF AUBUI~N AVENUE TO THE SOUTH BOUNDARY OF BLOCK 0 OF SAID FIRST ADDITION TO THE TOWN OF SI~%UGHTER; THENCE SOUTHERLY TO THE NORTHEAST COR~ER OF LOT No. 1, BLOCK No. 1 OF TOWN OF SLAUGHTER AS RECORDED IN VOLUME No... 2 OF PLATS, PAGE 56, RECORDS OF KING COUNTY, WASHINGTON; THENCE SOUTHERLY ALONG THE EASTERLY BOUNDARY OF SAID LOT N(~. i TO THE SOUTHEAST CORNER THEREOF; THENCE WESTERLY ALONG THE SOUTH BOUNDARY LOT No. ! AND LOT No. 2 AND LOT No. 2! AND LOT NO. 4 OF SAID BLOCK NO. i OF TOWN OF SLAUGHTER TO Iq~E SOUTHWEST CORNER OF LOT No. 4 OF SAID BLOCK No. i OF TOWN OF SLAUGHTER; THENCE CONTINUING WESTERLY TO THE SOUTHF_J~ST CORNER OF LOT No. 1, BLOCK No. 2 OF SAID TOWN OF SIJ~UGHTER; THENCE CONTINUING WESTERLY ALONG THE SOUTH BOUNDARY LOT No. 1 AND LOT NO. 2 AND LOT NO. 3 AND LOT No. 4 OF SAID B]iOCK No. 2 OF TOWN OF SLAUGHTER TO THE SO--ST CORNER OF I&)T No. 4 OF SAID BLOCK No. 2 OF TOWN OF SLAUGHTER; THENCE COntINUING WESTERLY TO THE SOUTHEAST CORNER OF LOT No. 1 OF BI~)CK No. 3 OF SAID TOWN OF SLAUGB'£~; THENCE CONTINUING WESTF~3.¥ ALONG THE SOUTH BOUNDARY OF LOT No. I AND LOT No. 2 AND I&)T No. 3 OF SAID BLOCK No. 3 OF TOWN OF SLAUGHTER TO THE SOU~IWEST CORNER OF LOT No. 3 OF SAID BLOCK No. 3 OF TOWN OF EXHIBIT A ORDINANCF NO. 4695 SLAUGHTER; THENCE NORTHERLY ALONG THE WEST BOUNDARY OF SAID LOT No. 3 OF BLOCK No. 3 OF TOWN OF SI~UGHTEI~ TO NORTHWEST CORRER THEREOF; THENCE CONTINUING NORTHERLY TO THE SOUTHWEST CORNER OF SAID LOT No. 4, BLOCK No. 2 OF FIRST ADDITION TO THE TOWN OF SLAUGHTER; THENCE NORTHERLY ALONG THE WEST BOUNDARY OF SAID LOT No. 4, BLOCK No. 2 OF FIRST ADDITION TO THE TOWN OF SLAUGHTER TO THE NORTHWEST CORNER OF SAID LOT No. 4, BLOCK No. 2 OF FIRST ADDITION TO T~. TOWN OF SLAUGHTER AND THE POINT OF BEGINNING. EXHIBIT A OPd)INANCE 4695