Ordinance 3779 - Laserfiche WebLink

• 444 4 assessments . The City shall not be liable in any manner for any of the remaining costs and expenses of the improvement, except as provided by Chapter 141, Session Laws of 1923 or acts amendatory thereto and the Ordinances of the City of Everett. SECTION 3: That there is hereby established a local improvement district to be known as Local Improvement District No. O, �.`J > , which district shall include the following described property located in Everett, Snohomish County, Washington: All of Lots 6 thru 15, Blk. 3; all of Lots 1 thru 5 and frac. of Lots 6 and 15 and all of Lots 16 thru 20, Blk. 4, all of Lots 1 thru 5 and frac. of Lots 6 and 15 and all of Lots 16 thru 20, Blk. 5; all of Lots 6 thru 15, Blk. 6; all of Lots 6 thru 15, Blk. 11; all of Lots 1 thru 5 and frac. of Lots 6 & 15 and all of Lots 16 thru 20, Blk. 12; all of Lots 1 thru 5 and frac . of Lot 6, Elk. 13; frac. of Lot 6 and all of Lots 7 thru 11, Blk. 14; all within Ready Land Company First Addition. All of Lots 17 thru 28, Blk. 449; all of Lots 15 and 16 Blk. 450; all of Lots 1 thru 12, with portion of vacated alley in Blk. 466; all of Lots 21 thru 32, Blk. 467 all within Miley Land Company Second Addition; all of Lots 1 thru 5 with portion of vacated alley Elk. 466, all of Lots 28 thru 32, Elk. 467 all within Miley Land Company Third Addition and the following unplatted property; Begin at a point on intersection of the east line of Maple St. and the north boundary line of the SW-NE4 Sec . 20-29-5 EWM, th S along the E line of Maple St. 260 ft. , th E 120 ft. , th N 260 ft. , th W 120 ft. to point of beginning. SECTION 4: That a special fund is hereby created to be known as Local Improvement Fund No. Co , which shall consist in the aggregate of the several amounts evied, 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, except that portion performed by the City. Out of said funds shall be paid the bonds, the interest thereon and the entire costs of such improvement. SECTION 5: The costs and expenses of such improvement shall be defrayed by special assessment payable in ten (10) equal installments with interest thereon at the rate of six per cent (6%) 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 six per cent (6%) 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 improve- ment, 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. 00/ Fly' Attes MAYOR City Clerk Passed: AUG 2 3 1960 Published: AUG 2 ID 1960 - 2