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r ` • <br /> line of 1st Avenue; thence northerly along the <br /> east line of 1st Avenue to an intersection with <br /> a line perpendicular to 1st Avenue and 54+0 feet <br /> southwesterly from the south line of Marilyn Avenue <br /> as measured along the center line of 1st Avenue; <br /> thence westerly along said perpendicular line to an <br /> intersection with a line which bisects the block <br /> between 1st Avenue and Emander Road; thence northerly <br /> along said bisecting line to an intersection with <br /> a which bisects the block between Marilyn <br /> Avenue and Calvin Avenue; thence northwesterly <br /> along said bisecting line to the east line of <br /> Emander Road; thence northerly along the east line <br /> of Emander Road to an intersection with the east <br /> margin of Evergreen Way and the point of beginning. <br /> Section 4: That a special fund is hereby created to <br /> 1I be known as "Local Improvement Fund No. (A 7 3 , " which shall <br /> i1 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 /> ,j and expenses of such improvement and the contribution by the <br /> "? City of Everett . Out of said funds shall be paid the bonds, the <br /> interest thereon and the entire costs of such improvement . <br /> Section 5: The costs and expenses of such improvement <br /> shall be defrayed by special assessment payable in ten (10) <br /> 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 /> Bonds bearing interest at the rate of six per cent (6%) per <br /> a annum payable on or before twelve (12) years from date of issue <br /> " 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 /> said bonds and make payment in cash in the manner provided by the <br /> ordinances of said city. <br /> • <br /> MAYOR <br /> Attest: <br /> �j J y <br /> / (y'ity Clerk <br /> Passed: July 16, 1963 <br /> Published: July 18, 1963 <br />