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Ordinance 3932
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Ordinance 3932
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9/23/2020 1:03:06 PM
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Ordinances
Ordinance Number
3932
Date
2/5/1963
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f l <br /> of U. S. Highway 99 North (State Highway No. 1) to the <br /> north line of 8th Street as now established in the plat <br /> of Legion Park Addition; thence southwesterly along a <br /> line midway between the south line of 8th Street and the <br /> west line of U. S. Highway 99 North (State Highway No. 1) <br /> to an intersection with a line which bisects the block <br /> between Waverly Ave. And U. S. Highway 99 North (State <br /> Highway No. 1) in Radio Addition to Everett; thence <br /> ( southwesterly along said bisecting line to an inter- <br /> section with a line which bisects the block between Tower <br /> Street and U. S. Highway 99 North (State Highway No. 1) ; <br /> thence southwesterly along said bisecting line to an <br /> intersection with a line which bisects the block between <br /> Broadway and U. S. Highway 99 North (State Highway No. 1) ; <br /> re thence southwesterly along said bisecting line to the <br /> north line of 10th Street in Swalwell 's 4th Addition; <br /> thence southwesterly to an intersection with a line 90 <br /> feet westerly of and parallel to the west marginal line <br /> of U. S. Highway 99 North (State Highway No. 1) ; thence <br /> southwesterly along said line 90 feet westerly of, <br /> measured at right angles to, the west line of U. S . Highway <br /> 99 North (State Highway No. 1) to a point 90 ft. westerly <br /> of the intersection of the westerly margin of U. S . <br /> Highway 99 North (State Highway No. 1) with the westerly <br /> margin of Broadway; thence westerly to a line midway <br /> between Broadway and Lombard Avenue; thence southerly <br /> along said line midway between Broadway and Lombard Avenue <br /> to a point on the north line of Block 218, Powers First <br /> Addition to Everett; thence westerly to a line 132 feet <br /> west of, measured at right angles to, the west line of <br /> Broadway in the plat of Powers First Addition to Everett; <br /> thence southerly along a line 132 feet westerly of and <br /> parallel to the west marginal line of Broadway to the <br /> north line of 39th Street produced westerly in its present <br /> platted direction from Block 23, Sines Acre Tracts; thence <br /> easterly along said north line of 39th Street produced <br /> and the south line of said Block 23, Sines Acre Tracts <br /> to the point of beginning. <br /> Section 4: A special fund is hereby created to be <br /> known as "Local Improvement Fund No. 12-1 , " which shall con- <br /> sist of the amount contributed by the City of Everett and the <br /> aggregate of several amounts levied, assessed and collected on <br /> the property lying within the district and the proceeds of the <br /> sale of bonds in said district for the purpose of defraying a <br /> ° portion of the cost and expenses of such improvement. Out of <br /> said funds shall be paid the bonds, the interest thereon and <br /> the entire cost of such improvement. <br /> Section The costs and expenses of such improvement, <br /> except the sum contributed by the City of Everett shall be <br /> defrayed by special assessment payable in ten (10) equal annual <br /> installments with interest thereon at the rate of four per cent <br /> (tv) per annum, under the mode of payment by bonds as provided <br /> by law and the ordinances of the City of Everett. Bonds bearing <br /> interest at the rate of four per cent (6w) per annum payable <br /> -3- <br />
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