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Ordinance 4122
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Ordinance 4122
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10/24/2019 10:56:15 AM
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10/24/2019 10:56:09 AM
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Ordinances
Ordinance Number
4122
Date
12/21/1965
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� I v <br /> Madison Ave. from Evergreen Way to Beverly Blvd. , by widening <br /> the pavement <br /> Madison Ave. and Glenwood Ave. from Evergreen Way to Mukilteo <br /> Blvd. , by widening the pavement and providing channelization <br /> Beverly Lane and Dogwood Dr. from Evergreen Way to Mukilteo <br /> Blvd. , by widening the pavement and providing channelization <br /> Pecks Drive from Beverly Lane to Evergreen Way, by widening <br /> the pavement <br /> Casino Road from 84th St. to Beverly Blvd. , by widening the pavement <br /> 84th St. from Evergreen Way to the Broadway Cutoff, by construction, <br /> widening and paving <br /> Smith Ave. from Pacific Ave. to 41st St. , by resurfacing <br /> Broadway Cutoff from 84th St. to the Freeway, by paving and <br /> providing channelization <br /> Everett Ave. from Walnut to Chestnut Street and from Highland Ave. <br /> to Summit Ave. , by widening the pavement and channelization <br /> Madison Ave. from Beverly Blvd. to Broadway, by widening and paving <br /> The City shall acquire all rights..of-way necessary to carry out <br /> the above-provided improvements, and shall acquire and install all traffic <br /> signals, signs and control devices necessary therefor. <br /> In the event there is any money remaining out of the proceeds of <br /> the sale of the bonds hereinafter provided for after all of the above..described <br /> improvements have been made, the City may use such remaining money for <br /> similar improvements of other main and arterial streets within the City as <br /> found to be most necessary and advisable by the City Council. <br /> Section 3. For the purpose of providing funds necessary to pay <br /> the cost of acquiring, constructing and making the above»described improve.. <br /> ments the City shall issue and sell its unlimited tax levy general obligation <br /> bonds in the principal amount of $4, 500, 000. <br /> Said bonds shall bear interest at a rate of not in excess of the legal <br /> rate of interest and shall mature in from two to twenty years from date of issue. <br /> Both principal of and interest on said bonds shall be payable out of annual tax <br /> levies to be made upon all the taxable property within the City without limitation <br /> as to rate or amount. The exact date, form, terms and maturities of said <br /> bonds shall be as hereafter fixed by ordinance of the City Council. <br /> ., 3 « <br />
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