Ordinance 3189 - Laserfiche WebLink

a y ORDINANCE NO. 3189 . AN ORDINANCE amending Section 18A of Ordinance No. 1439 of the City of Everett, which ordinance is entitled as follows: "An Ordinance relating to the making of local improvements to be paid for in whole or in part, directly or indirectly, by assessments upon the lots or parcels of land benefited by such improvement, providing for the establishment of local improvement districts for the purpose of paying therefor,. prescribing the mode in which the charge upon the respective lots and parcels of land shall be assessed, and repealing all ordinances and parts of ordinances in conflict herewith, and declaring an emergency. " and declaring an emergency. THE CITY OF EVERETT DOES ORDAIN: Section 1: That Section 18A of Ordinance No. 1439 of the City of Everett be, and it is hereby amended to read as follows: Section 18A: In any local improvement district upon the written request of the contractor the City Clerk shall not later than the 25th day of the following month deliver to the contractor money or warrants in an amount equal to Eighty-five per cent (85%) of such estimate issued by the CdImmissioner of Public Works as provided in Section 18 of this ordinance. In case warrants are issued they shall be drawn against the local improvement district fund under which the work is being done and shall bear interest at the rate of Four (4) per cent per annum from date to the time fixed in the proposal for the completion of the contract, plus not to exceed one hundred eighty days allowed for the approval of the assessment roll and issue • of bonds, beyond which the City shall not allow interest. Said warrants shall be redeemed either in cash or by local improvement bonds authorized to be issued in said local improvement district. This section shall apply to all local improvements where the district has heretofore been created but for which no advance warrants have been issued prior to the effective date of the ordinance, and = any improvement hereafter provided for in any local improvement district. This ordinance shall not apply to local improvement districts heretofore formed where advance warrants have been all or partially issued. Section 2: That an emergency is declared to exist and this Ordinance shall take effect upon its passage and publication. Mayor Attest* Mii/ C t lerk Passed: May llth , 1948 . Published: " 12th, 1948.