HomeMy WebLinkAbout2865CITY OF KENT, WASHINGTON✓
ORDINANCE NO./G
AN ORDINANCE of the City of Kent, Washington,
relating to Local Improvement District No. 327;
amending Section 1 of Ordinance No. 2846, as
previously amended by Section 1 of Ordinance No.
2853; and ratifying and confirming all actions
heretofore and hereafter taken with respect to Local
Improvement District No. 327 and the bonds issued in
connection therewith.
WHEREAS, the final assessment roll for Local Improvement
District ("LID") No. 327 in the City of Kent, Washington (the
"City"), was filed with the City Clerk as required by law, and
duly noticed public hearings on such roll were held by the City
Council on March 21, 1989, April 4, 1989, and April 18, 1989; and
WHEREAS, the City Council, at the continued public hearing
on April 18, 1989, determined to exclude from such roll
Assessments Nos. 47 and 63, reducing the amount of the final
assessment roll to $2,462,730.67; and
WHEREAS, Ordinance No. 2846, passed by the City Council on
May 2, 1989, approved and confirmed the final assessment roll,
excluding Assessments Nos. 47 and 63, in the amount of
$4,733,748.36, which amount was inadvertently inserted in the
ordinance and represents the total cost of the improvements
within LID No. 327 instead of the modified assessment roll
amount, and provided that the assessments were payable in ten
equal annual installments; and
WHEREAS, Ordinance No. 2853, passed by the City Council on
July 5, 1989, amended Ordinance No. 2846 to provide that the
assessments in LID No. 327 are payable in twenty equal annual
installments; and
WHEREAS, the City Council, by Ordinance No. 2859, passed on
July 18, 1989, provided for the sale and delivery of LID No. 327
bonds in the total amount of $2,296,074.47, which amount was
based on the correct modified final assessment roll, less
prepaid assessments; and
WHEREAS, the City Council finds that the amount of the
final assessment roll as stated in Ordinance No. 2846 should be
corrected in connection with the issuance of the LID No. 327
bonds; NOW, THEREFORE,
THE CITY COUNCIL OF THE CITY OF KENT, WASHINGTON, DOES
ORDAIN as follows:
Section 1. Section 1 of Ordinance No. 2846, as previously
amended by Section 1 of Ordinance No. 2853, is amended to read
as follows:
Section 1. The assessments and assessment roll
of Local Improvement District 327 which has been
created and established for the purposes of widening
and improving West Valley Highway from South 212th
Street to West James Street, the installation of a
sidewalk on South 220th Street from West Valley
Highway to the east side of 72nd Avenue South, and
the construction of a sanitary sewer line on the west
side of West Valley Highway from a point
approximately 275 feet nortn of southwest corner of
Section 12, Range 22, Township 4 East, W.M., to a
point approximately 150 feet north thereof, all in
accordance with Ordinance 2761 be and the same is
hereby in all things and respects approved and con-
firmed in the amount of +4rn4r748x3.6 $2,462,730.67.
Section 2. All actions of the City and the City
Council heretofore or hereafter taken with respect to LID
No. 327 and the bonds issued in connection therewith are
ratified and confirmed.
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Section 3. This ordinance shall take effect and be in
force five (5) days from and after its passage, approval and
publication as provided by law.
AN KELLEHER, Mayor
ATTEST:
MARIEJENSE ityC1 rk
APPRO D AS TO FORM:
S RAD SCO L, it orney
Passed the / day of 1989.
Approved the ZU- day of 1989.
Published the � day of 1989.
I certify this is a true copy of Ordinance No.-c—�S'passed
by the City Council of the City of Kent, Washington, and ap-
proved by the Mayor of the City of Kent as hereon indicated.
4378k
qg (SEAL)
MARIE EN, City Clerk
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