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<br /> kvz Section �+: That there is hereby established a Local
<br /> 0,.? Improvement District to be known as "Local Improvement District t
<br />� � ', No. , " which district shall include the following
<br /> :�0 %¢ , described property located in Everett, Snohomish County, Wash-
<br /> '.
<br /> ington:
<br /> ' , � Beginning at the northeast corner of Lot 6, Block
<br /> � 1, Forest Park Addition to Everett; thence westerly . .,
<br /> k
<br /> r'�{ along the north line of said Lot 6 and the North
<br /> y
<br /> �' ' �,' ww.` -ter- line of Lot 6, Block 2, Forest Park Addition to
<br /> w ` 1 ' Everett and said north line extended westerly in
<br /> 4 �x „x its platted direction to a point midway between
<br /> , �� � _ a14, olympic Boulevard and Forest Drive; thence southerly
<br /> {'r> '� on a line midway between Olympic Boulevard and
<br /> ,;k= �' �" point 120 feet northerly of the
<br /> , »r "'k" 1p4i. 1, !, Forest Drive to a
<br /> S ,T, j,. ;, ', w ,:4, north line of Mukilteo Boulevard; thence easterly
<br /> �. 4 ,. on a line 120 feet northerly of and parallel to the
<br /> i,4, ,� north line of Mukilteo Boulevard to the west line
<br /> f , r ,,, ,i ,; of Forest Drive; thence southeasterly to the most
<br /> �!5. 5�.• - 3 �"a southerly corner of Lot 10, Block 1, Forest Park
<br /> ,� ';. ^ � i �" f Addition; thence northeasterly and following the
<br /> ' ?n * - ' „ ', easterly line of Lots 6, 7, 8, 9 and 10 of said
<br /> it.i 4' - .0t 4.-, ` Block 1 to the Point of Beginning.
<br /> s �. w,_t '
<br /> , '« ; +F; -_ Section 5: That a special fundis hereby created to
<br /> � '` � be known as "Local Improvement Fund No . ,; , " which shall
<br />• x' s,t,, . consist in the aggregate of the several amounts levied, assessed
<br /> .▪..., and collected on the several lots, tracts and parcels of land
<br /> in said Local Improvement District and the proceeds of the sale
<br /> �� .� of bonds in said district for the purpose of defraying the costs
<br /> ;Vi, " 'r.N7'-m.. and expenses of such improvement. Out of said funds shall be
<br /> 40 ; paid the bonds, the interest thereon and the entire costs of such
<br /> 4 ,, improvement.
<br /> li AN;
<br /> �� *�� " � �` Section 6: The costs and expenses of such improvement
<br /> ,, , ,* shall be defrayed by special assessment payable in twenty (20)
<br /> xs ., ,� s equal annual installments with interest thereon at the rate of
<br /> ` six per cent (6%) per annum, under the mode of payment by bonds
<br /> as provided by law and the ordinances of the City of Everett.
<br />• e Bonds bearing interest at the rate of six per cent (6%) per
<br /> r^i `° � annum payable on or before twenty-two (22) years from date of issue
<br />•VV ,, shall be issued in payment of the costs and expenses of such
<br /> improvement, or the City of Everett may, at its election, sell
<br />''O 'Ts '' '` said bonds and make a ment in cash in the manner rovided b
<br /> x , p Y p Y
<br /> the ordinances of said city. =k4
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