Laserfiche WebLink
w4. • <br /> in accordance with the special benefits conferred without regard <br /> to the zone and termini method of spreading assessments . The <br /> City of Everett shall not be liable in any manner for any portion <br /> of the costs and expenses of such improvement as above provided, <br /> except as provided by Chapter 141, Session Laws of 1923, or acts <br /> amendatory thereto, and the ordinances of the City of Everett, <br /> and except such costs as this ordinance shall specifically <br /> provide to be paid by the City of Everett . <br /> Section 3: That there is hereby established a Local <br /> Improvement District No. 665 , which district shall include <br /> the following described property located in Everett, Snohomish <br /> County, Washington, to-wit: <br /> Lots 1 to 20 inclusive and the vacated alley in <br /> Block 5, Vestel and Whitfield 's Addition lying <br /> east of a line midway between Federal Street and <br /> Tulalip Avenue. <br /> Lots 1, to 11 inclusive, Block 3, Vestel and Whitfield 's <br /> Addition <br /> Lot 8, Ramstad' s 1st Addition <br /> Lots 1 to 6, Block 8, Friday's 2nd Addition lying <br /> west of a line midway between Federal Street and <br /> Friday Avenue <br /> Section 4: A special fund is hereby created to be called <br /> Local Improvement District Fund No. 665 which shall consist in <br /> the aggregate of the several amounts assessed, levied and <br /> collected on the several lots, tracts and parcels of land in said <br /> local improvement district and the sale of the bonds in said <br /> district for the purpose of defraying the costs and expenses in <br /> such improvement, except as otherwise provided. Out of said fund <br /> shall be paid the bonds and interest thereon and the entire cost <br /> of such improvement, except as otherwise provided. <br /> Section 5: The cost and expense of such improvement, <br /> except as paid by the City of Everett, shall be defrayed by special <br /> assessments payable in ten (10) equal annual installments with <br /> interest thereon at the rate of six (6%) percent per annum under <br /> the mode of payment by bonds as provided by law and the ordinances <br /> of the City of Everett . Bonds bearing interest at the rate of <br /> six (6%) percent per annum payable on or before twelve (12) <br /> years from date of issue shall be issued in payment of the cost <br /> and expense of such improvement or the City of Everett may, at <br /> its election, sell said bonds and make payment in cash in the <br /> manner provided by the ordinances of said City. <br /> MAYOR <br /> Attest: <br /> X//2:4y Clerk <br /> Passed: July 10th, 1 62. <br /> Published: July nth, 1962. <br /> -2- <br />