Ordinance 3335 - Laserfiche WebLink

14, Blk. 220, Bailey Add to Everett; th southerly along the east property line of Oakes Ave. for 416. 65 ft. ; th angle right 90 for 10 ft. ; th angle left 90° for 254.92 ft. to the north line of the SW4 SW4 NW4 of Sec. 17, Twp. 29 N. , Rge. 5 E.W.M. ; th easterly along said north line of SW4 SW4 NW4 Sec. 17 for 130 ft. ; th northerly and parallel to the east property line of Oakes Ave. 671.04 ft. to the southeast corner of Lot 14, Blk. 220, Bailey Add, to Everett; th westerly along the south line of said Lot 14 for 120 ft. to the point of beginning. Section 4: A special fund is hereby created to be call- ed "Local Improvement Fund No. 593", which shall consist in the aggregate of the several amounts assessed, levied and collect- ed on the several lots, tracts and parcels of land in said local improvement district and the proceeds of the sale of the bonds in said district for the purpose of defraying the costs and expenses of such improvement. Out of said fund shall be paid the bonds, the interest thereon and the entire cost 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. Mayor Attest: City Clerk Passed: 7/4/51 Published: 7/11/51