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Section 3: There is hereby established a local <br /> improvement district to be called local improvement District <br /> No. .5 / 3 r, which district shall include the following <br /> described Property, located in Everett, Snohomish County, <br /> Washington, to-wit: <br /> Lots 1 to 21 inclusive , Block 4, Central Park Addition to <br /> Everett; <br /> Lots 17 to 32 inclusive , block 5, Central Park Addition to Everett <br /> Lots 1 to 7 inclusive end Lots 31 to 57 inclusive , block 10, <br /> Central Park Addition to Everett ; <br /> Frac. Lot 1, 2rac. Lot 2, Frec . Lot 3 and Frac. Lot 4, and ell <br /> of Lots 5 to 18 inclusive , block 11, Central <br /> Park Addition to Everett; <br /> Lots 1 to 18 inclusive , Block 12, Central Park Addition to Everett <br /> Lots 1 to 18 inclusive , block 13, Central Park Addition to Everett <br /> Lots 26 to 41 . inclusive, Block 14, Central Park Addition to .Everett . <br /> Section 4: A special fund is hereby created to be <br /> called Local improvement District fund No. — <f i 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 said <br /> Local Improvement District, and the proceeds of the sale of bonds <br /> in said district, for the purpose of defraying the cost and expens. <br /> of such improvement. Cut of said fund shall be paid the bonds <br /> and interest thereon, and the cost of materials, fixed estimate <br /> and all other expenses in connection with said improvement , <br /> except the amount contributed by theFederal (overnment under hPA <br /> for labor. <br /> Section 5: The costs and 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 I've ( 5) annual installments with interest <br /> at the rate of per cent per annum, under the mode of <br /> payment by borts as provided by law and the Ordinances of said <br /> city. Bonds bearing interest at the rate of percent <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 <br /> and make payment in cash in the manner provided by the ordinances <br /> of said City. <br /> ,'rayor <br /> Attest: GV <br /> CityTlerk <br /> Passed: / 7/c <br /> Published: - 7 , G/ <br /> -2- <br />