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` l <br /> • <br /> Beginning at Northwest corner of Lot 26, Block 14, Central <br /> Park Addition to Everett ; thence Southerly along West <br /> line of said Lot 26 to Southwest corner of said lot ; thence <br /> Easterly along South line of said Lot 26, to Southeast <br /> corner of said lot; thence Northeasterly along East line <br /> of said Lot 26 for a distance of 46 feet ; thence angle <br /> left on a stright line to point of beginning; <br /> Beginning 46 feet Northea stly of Southwest corner of <br /> Lot 27, Block 14, Central Park Addition to Everett on <br /> 'Jesterly line of said Lot 27 , the point of beginning; <br /> thence Southwesterly to Southwest corner of said Lot 27; <br /> thence Easterly to Southeast corner of said Lot 27 , <br /> thence Northeasterly along Easterly line of said Lot <br /> a distance of 22.5 feet ; thence angle left on a straight <br /> line to point of beginning. <br /> Section 4: A special fund is hereby created to be <br /> called "Local Improvement District Fund No. 5 Q " which shall <br /> consist in the aggregate of the several amounts assessed, levied <br /> and collected on the several lots and parcels of land in the <br /> said local improvement district, and the proceeds of theem cost <br /> saleof <br /> bonds in said district , for the purpose of defraying <br /> and expense of such improvement . Out of said fund shall be pa id <br /> the bonds and interest thereon, and the cost of me teri als, fixed <br /> estimate and all other expenses in connection with said <br /> improvement , except the amount contributed by the Federal <br /> Government under WPA for labor . <br /> Section 5 : The costs end expenses of such improve- <br /> ment shall be defrayed only in the manner set forth in this <br /> ordinance. The cost of such improvement to be borne by the <br /> property in said district shall be defrayed by special assess- <br /> ment , payable in Five (5) annual installments with interest <br /> at the rate of 6 per cent per annum, under the mode of <br /> payment by bonds es provided by law and the ordinances ofCeaid <br /> city. Bonds bearing interest at the rate of 6 per <br /> nt <br /> per annum, payable on or before 7 years from date of <br /> issue shall be issued in payment of the cost and expense of <br /> such improvement assessed against the property in said district, <br /> or the City of Everett may, at its election, sell the bonds and <br /> make payment in cash in the manner provided by the ordinances <br /> of said City. <br /> Section: That Ordinance No. 2869 of the City <br /> of Everett be, and the same is hereby repealed. <br /> -14 -')gf• • <br /> Mayor <br /> Attest: <br /> ity Clerk <br /> Passed: I ° - 2-f - <br /> D <br /> Published: .7 — 3/ - 0 <br />