Ordinance 4160 - Laserfiche WebLink

93 4 24. Pecks Drive - Beverly Lane to Evergreen Way, widen and pave to provide smoother flow of traffic between Beverly Lane and Evergreen Way. 25. Casino Road - 84th Street to Beverly Boulevard, widen and pave to provide necessary safety and smoother flow of traffic . 26. Everett Avenue - Walnut to East Grand, widen and pave to facilitate traffic movement at freeway interchange . 27. 47th Street and Evergreen Way Intersection, provide adequate channelization for smoother traffic flow and provide safe storage for turning cars . 91 28. Smith Street - Pacific Avenue to 41st Street, widen and pave to handle freeway industrial traffic and local commercial traffic. 29. Pacific Avenue - Grand Avenue to Kromer Avenue, widen and pave to the same width as the rest of Pacific Avenue, thereby eliminating a bottleneck for east and west bound traffic . The City shall acquire all rights-of-way necessary to carry out the above provided improvements, and shall acquire and install all traffic signals, signs and control devices necessary therefor. In the event there is any money remaining out of the proceeds of the sale of the bonds hereinafter provided for after all of the above described improvements have been made, the City Ki may use such remaining money for similar improvements of other main and arterial streets within the City as found to be most '. necessary and advisable by the City Council. Section 3: For the purpose of providing funds necessary to pay the cost of acquiring, constructing and making the above described improvements the City shall issue and sell its unlimited r tax levy general obligation bonds in the principal amount of $4,500,000. Said bonds shall bear interest at a rate of not in excess a of the legal rate of interest and shall mature in from two to twenty years from date of issue. Both principal of and interest on said bonds shall be payable out of annual tax levies to be made ; upon all the taxable property within the City without limitation spas to rate or amount. The exact date, form, terms and maturities ' of said bonds shall be as hereafter fixed by ordinance of the City Council. Section 4: It is hereby found and declared that an 1 emergency exists requiring the submission to the qualified electors ' of the City at a special election to be held therein on the 20th day of September, 1966, of the proposition of whether or not the EpCity shall issue such bonds for such purposes . The Snohomish County Auditor, as ex officio supervisor of all elections held in Snohomish County, is hereby requested to ;; also find the existence of suchemergency and to call and conduct said special election to be held within the City on said date and to submit to the qualified electors of the City the proposition hereinafter set forth. -3-