654 LID 1 CreationCITY OF YELM
ORDINANCE NO. 654
AN ORDINANCE of the City of Yelm, Washington, ordering certain local
improvements and creating a local improvement district; providing for the
payment of the cost of such improvements by special assessments and providing
for the issuance and sale of local improvement district bonds and interim
financing warrants or notes.
WHEREAS, on September 24, 1997, the City Council of the City of Yelm, Washington (the
"City") adopted Resolution No. 367 declaring its intention to order certain local improvements within the
City and to create a local improvement district; and
WHEREAS, a hearing was held on October 22, 1997, after notice as provided by law, and after
discussion of the proposed improvements and due consideration thereof and of all objections thereto, the
Council has determined to order the local improvements described below and to create a local
improvement district; and
WHEREAS, estimates of the costs and expenses of the proposed improvements, a description of
the boundaries of the district, a statement of what portion of the costs and expenses of the improvements
would be borne by the property within the proposed district, and a diagram showing the lots, tracts and
parcels to be benefited and other information pertaining to the proposed district, have been filed with the
City Clerk and certified to the City Council;
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF YELM, WASHINGTON, DO
ORDAIN; as follows:
Section 1. The City shall acquire, construct and install upgrades to its sewer treatment plant
located at 931 NP Road NE, Yelm, Washington, and related improvements known as Yelm's Wastewater
Reuse Project. The foregoing improvements are hereafter referred to as the "Improvements."
Section 2. The plans and specifications for the Improvements, now on file in the City
Clerk's office, are hereby adopted and approved. The Improvements, when completed, shall be in
accordance with said plans, the provisions of this ordinance and any other ordinances as hereafter may be
adopted in connection herewith; provided, however, that changes in detail of such plans that do not
significantly alter the scope or costs of the Improvements will not require further approval.
Section 3. There is hereby established a local improvement district of the City to be known
as "Local Improvement District No. 1" (herein referred to as "LID No. V). The boundaries of LID No. 1
shall be as described in Exhibit A attached hereto and incorporated herein by this reference.
It is hereby found that the above - described boundaries embrace as nearly as practicable all the
property specially benefited by the Improvements.
Section 4. The total cost and expense of the Improvements thereto is estimated to be
$9,600,000, of which $2,000,000 shall be borne by and assessed against the property within LID No. 1
specially benefited by the Improvements. Assessments shall be made against the property within
LID No. 1 in accordance with the special benefits accruing to such property.
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Section 5. Upon completion of the Improvements, an assessment roll shall be prepared and,
after notice and hearing in the manner provided by law, an assessment roll shall be confirmed.
Assessments not paid within the 30 -day prepayment period provided by law shall be payable in
installments and the City shall issue local improvement district bonds payable from such unpaid
installments. The number of years said installments shall run, the dates of payment of the same and the
rate of interest that the unpaid installments shall bear shall be as hereafter fixed by ordinance. Such
assessments shall be paid into a revenue bond fund to be created by the City and shall be used solely for
the payment of the revenue bonds hereafter to be issued to defray the cost of the Improvements to be
constructed in LID No. 1.
Section 6. Effective Date. This ordinance shall be effective five days from and after the
date of its final passage and publication as provided by law.
PASSED by the Council of the City of Yelm, Washington, at a regular meeting thereof held this
10th day of February, 1999.
CITY OF YELM, WASHINGTON
By Z� C� J� -rD �fL ✓
Martha M. Parsons, Mayor Pro -Tem
ATTEST:
Agn' P. Bennick, City Clerk
PASSED AND APPROVED: February 10, 1999
PUBLISHED: Nisqually Valley News, February 19, 1999
EFFECTIVE: February 25, 1999
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