Ordinance 3730 - Laserfiche WebLink

corner of Lot 22, Blk. 108, Plat of Grandview Add. to Everett; on the north by a line perpendicular to a line tangent to a curve on the west line of Alverson Blvd. at a point 50 ft. southerly of the most southerly point of Lot 30, Blk. 108, Plat of Grandview Add. to Everett, on the east by the west line of Alverson Blvd. and on the south by the north- easterly boundary of said Lot 1 mentioned above. Lots 1-19, incl. , Frac. of Lots 28, 29, 30 and all of Lots 31, Blk. 135, Plat of Grandview Add. to Everett. Lots 1-10, incl. Fractions of Lots 11, 12, 13, 14, 37, 38, 39, 40, 49, 50, 51, 52 and all of Lots 41 to 48, incl. , in Blk. 136, Plat of Grandview Add. to Everett. Section 4: A special fund is hereby created to be known as "Local Improvement Fund No. ", which shall consist in the aggregate of the several amounts levied, 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 and the contribution by the City of Everett. 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 annual installments with interest thereon at the rate of four percent (4%) 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 four percent (4%) 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. '5 A Y O R Attest: City Clerk p Passed: Sept: 29, 1959 Published: Sept. 30, 1959