Ordinance 4032 - Laserfiche WebLink

y � • 71{71{71{71{71{71{ line of said Lot 30 and its production Ely to a point 30 ft . east of the N.E. corner thereof; thence South at right angles to the north line of said Lot 30 for 30 feet; thence angle left 90° for 40 ft. ; thence southerly and parallel to the west line of Lot 14, Plat of David's Marine Acres to an intersection with a line 14 feet north of the south lines of Lots 28 and 31 of said Plat si produced easterly; thence SWly, parallel to and 14 feet north of Lots 28 and 31 produced easterly in Plat of David' s Marine Acres to a point 90 feet west of the west line of Gardner Avenue; thence Nly, parallel to and 90 ft . west of the west line of Gardner Avenue to an intersection with the east line of Ocean Avenue; thence SWly across Ocean Avenue to a point midway between Shore Avenue and Wave Drive to the west line of Ocean Avenue; thence Wly and following a line midway between the south line of Shore Avenue and the north line of Wave Drive to a point midway between the east line of 33rd Avenue West and the west line of Ocean Avenue; thence Sly and following a line midway between 33rd Avenue West and Ocean Drive to an intersection with the north line of Mukilteo Boulevard; thence SWly along the north line of Mukilteo Boulevard to the point of beginning. Section 4: That a special fund is hereby created to be known as ' Local Improvement District Fund No. '7 7 , " which shall consist in the aggregate of the several amounts levied, assessed and collected on the several lots, tracts and parcels of land in said Local Improvement District and the proceeds of the sale of bonds in said district for the purpose of defraying the costs and expenses of such improvement and the contribution by the City of Everett . Out of said funds shall be paid the bonds, the interest thereon and the entire cost of such improvement . Section 5: The costs and expenses of such improvement shall be defrayed by special assessment payable in ten (10) equal annual installments with interest thereon at the rate of five per cent (5%) per annum, under the mode of payment by bonds as provided by law and the ordinances of the City of Everett . Bonds bearing interest at the rate of five per cent (5%) per annum payable on or before twelve (12) years from date of issue shall be issued in payment of the costs and expenses of such improvement, or the City of Everett may, at its election, sell said bonds and make payment in cash in the manner provided by the ordinances of said city. M A Z O R Attes : PUTY CIfiY 1 RK Passed: JUL ? r; 1964 Published: JUL 30 1(2,64 -3-