Ordinance 3294 - Laserfiche WebLink

Section 2: That the cost and expenses of such improve- ment, including all necessary incidental expenses, shall be borne by and assessed against the property included in the assessment district herein created in accordance with law. The City of Everett shall not be liable in any manner for any portion of the costs and expenses of such improvement except as provided by Chapter 141, Session Laws of 1923, or acts amend- atory thereto and the ordinances of the City of Everett. Section 3: That there is hereby established a local im- provement district to be known as `Local Improvement District No. 612 " which district shall include the following des- cribed property located in Everett, Snohomish County, VVashington, to-wit: That part of Lots 43 to 53, inc. Block 15, Central Park Addition to Everett lying west of the follow- ing described line: Beginning at th.e northwest corner of Lot 53, Block 15, Central Park Addition to Everett as now located by 10 ft. vacation line on the east side of idermont Place; thence east along the north line of said Lot 53 to a point equidistant between the east line of l Termont Place and the west line of Rucker Ave. , the true point of beginning; thence southerly along a line equidistant between the east line of ilermont Place and the west line of Rucker Ave. to an intersection with a line 90 ft. easterly of and parallel to the east line of B. ermont Place; thence southerly along said line 90 ft. easterly of and parallel to the east line of idermont Place to the north line of 48th St. Lots 34 to 41, inc. Elk. 15, Central Park Add. to Everett. Lots 16 to 22, inc. Blk. 17, Central Park Add. to Everett. Lots 23 to 30, inc. Blk. 17, Central Park Add. to Everett and that portion of Lots 31 & 32 lying within the south half of Blk. 17, Central Park Add. to Everett. Block 18, Central Park Add. to Everett. Block 19, Central Park Add. to Everett. Lots 51 to 129, inc. Plat of Claremont Heights. Section 4: A special fund is hereby created to be called "Local Improvement Fund No. 612 ", 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 on ten (10) equal annual installments, with interest thereon at the rate of four (4%) percent per annum, under the mode of payment by bonds as