Ordinance 3332 - Laserfiche WebLink

` l Lots 17 to 19, inc. , Blk. 304, Plat of Everett Div. RN%t Lots 14 to 16, inc. , Blk. 305, Plat of Everett Div. ttNtt. Lots 26 to 32, inc. , Blk. 312, Plat of Hilton' s Second Add. to Everett. Lots 1 to 7, inc. , Blk. 313, Plat of Hilton's Second Add, to Everett. Lots 3 to 10, inc. , Blk. 317, Plat of Remingtons 1st Add. to Everett. Lots 23 to 30, inc. , Blk. 318, Plat of Remingtons 1st Add. to Everett. The north 200 ft. of the of Blk. 250 bounded on the north by 13th St. , on the west by Lombard Ave. , on the south by the north line of Lot 9, Blk. 250, Fourteenth St. Add. and on the east by the west line of the alley between Broadway and Lombard Ave. Section 4: A special fund is hereby created to be called "Local Improvement Fund No. �o/ c� ", which shall consist in the aggregate of the several amounts assessed, levied, and collected 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, pay- able on or before twelve (12) years from date of issue, shall be issued in payment of the costs and expenses of such improvement, or the City of Everett may, at its election, sell said bonds and make payments in cash in the manner provided by the ordinances of said city. Section 6: The assessments shall be made against the property in the district in accordance with special benefits it will derive from the improvement without regard to the zone and termini method of spreading assessments as provided for by Rem. Rev. Stat. 9365--1947 Supplement. Mayor Attest; L City Clerk gassed: Ma. y Published: Nor