Ordinance 4102 - Laserfiche WebLink

Beverly Blvd. and Colby Ave . from the Broadway Cutoff to 52nd St . , by widening the pavement and providing channelization Madison Ave. from Evergreen Way to Beverly Blvd. , by widening the pavement Madison Ave. and Glenwood Ave. From Evergreen Way to Mukilteo Blvd. , by widening the pavement and providing channelization Beverly Lane and Dogwood Dr. from Evergreen Way to Mukilteo Blvd. , by widening the pavement and providing channelization Pecks Drive from Beverly Lane to Evergreen Way, by widening the pavement Casino Rd. from 84th St. to Beverly Blvd. , by widening the pavement 84th St. from Evergreen Way to the Broadway Cutoff, by construction, widening and paving Smith Ave. from Pacific Ave . to 41st St . , by resurfacing Broadway Cutoff from 84th St. to the Freeway, by paving and providing channelization The City shall acquire all rights-of-way necessary to carry out the above-provided improvement, 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 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 tax levy general obligation bonds in the principal amount of $4,500,000 . Said bonds shall bear interest at a rate of not to exceed 6% per annum 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 3.