Ordinance 2664 - Laserfiche WebLink

1 Broadway to Walnut Street by construction of Portland Cement Concrete Curbs according to the plans and specifications prepared under the direction of the City Engineer, which plans and specifications are hereby adopted and approved. Section 2. That a sum not to exceed 55' of the cost and expense of such improvement , including all necessary incidental expenses, plus Clerk and Treasurer's fees, shall be borne by and assessed against the property included in the assessment district herein created , in accordance with law; and the balance of the cost thereof, including all necessary incidental ex- penses , shall be paid from funds allocated to the City of Everett by Federal Grant made by the United States Government . The City of Everett shall not be liable for any portion of the costs and expenses of such improvement in excess of the amount above mentioned , except as provided in Chapter 141, Session laws of 1923, and Ordinance No. 2126 of the City of Everett. Section 3. There is hereby established a local improvement district, • to be called Local Improvement District No . which improvement dis- trict shall include the following described property, to-wit: All that property between. Rucker Avenue and Walnut Street that lies between the North margin of 19th Street , end a line two hun- dred (200) feet North and parallel thereto , also from the South Margin of 19th Street and a line two hundred (200) feet South and parallel thereto , with the exception of Streets and Alleys. Section 4. A special fund is hereby created , to be called Local Im- provement District Fund No. 517 , which shall constitute in the aggre- gate cf the several amounts assessed , levied and collected, on the several tracts and parcels of land in said Local Improvement District , and the pro- ceeds of the sale of the bonds of the said district, for the purpose of de- fraying the costs and expenses of such improvement as described herein, to- gether with the funds allocated to the City of Everett by Federal Grant from the United States Government. Cut of said fund shall be paid the bonds, the interest thereon and not to exceed fifty-five _(55%) per cent of the entire cost of such improvement. Section 5. The costs and expenses of not to exceed fifty-five (55,0 per cent of such improvement plus Clerk and Treasurer' s fees shall be defray- ed by special assessments payable in ten (10) equal annual installments, -2-