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. <br /> a sinking fund and used only ._or the pur-)ose of paying or redeem- <br /> ifl special Levenue _,ter Bonds now out standing against the <br /> Everett Water System, and declaring an emergency . <br /> -1I-LE ";_;5, the City of Everett a cquired the E Jove ctes- <br /> cr.._bed real estate in 1916 as part of the Everett ,Teter System <br /> acquired by said City at said time, said real estate then con- <br /> stituting E part of th.e water shed of a part of the water <br /> supply then used in connection wit said water system, and said <br /> water shed and w ter supply being known as the Pigeon Creek <br /> Water Shed and seater Sup. ly oZ the JJverett ',rater Systen ; and <br /> 7:1 11, , the City of Everett a fter acquiring said water <br /> system required a new and complete water supply from the Sultan <br /> River; and <br /> ,; PRE:;_ S, said new water supply furnishes all of the <br /> water for the Everett Water System and has furnished all of <br /> the water for said Everett Water System since 1919, except in <br /> 1924 for aporoxinateiy Two (2 ) ,veers water was furgished to <br /> said system from Woods Creek; and <br /> ;ITR.i+,rS, thePigeon Creek ':rater Shed end ':Teter Supply <br /> here no c been used since 1919 as a part of the operating plant <br /> of the Everett ",rater System, and the above described real <br /> estate has no va_ue and never will he ve tany value as a pert of <br /> the operating plant of the said : verett ,.cater systen ; and <br /> said real estate hL reinairove described is <br /> suitable for residential _purposes End is most valuable for said <br /> purposes ; and <br /> ";;f ,`,,RE IS, it is for the best interest of the said City <br /> of Everett end said Everett - rater System that said real estate <br /> be sold .x x xX .3.; E ild <br /> ♦ ; }Z±,,' , in order to sell said real estate most ad- <br /> vantageously for said purposes it is necessary tat said real <br /> estate be platted; and <br /> 'T YE5S, the City of Everett has determined to sell <br /> said real estate; and <br /> " 'TyR 'S, the Planning Commission of the City of <br /> Everett has duly approved said plat . <br /> T C?,''' _ Rs TT DOES ORDI',TP?: <br /> Section 1: That the proposed Mat of the follow- <br /> ing c_escribed real estate , located in the <br /> City iof : verett, <br /> County of Snohomish , State of Washington, <br /> zr <br />