Ordinance 2460 - Laserfiche WebLink

1. 410 • plans and. specifications prepared under the direction of the City Engineer, which pans and specifications are hereby adopted and approved. Section 2: Th t the cost and expense of such i:iprevement including all necessary incidental expenses, shall be borne by and assessed against the property included in the assessment district herein created in accordance with law. The City of Everett shall not be liable in any manner for any portion of the costs and expenses of such improvement, 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. -;;; -501 which district shall include the following described property: Fractional lot 9 and lots 10 to 25 inclusive, Block 684, Plat of Everett. Lots 1 to 8 inclusive, Block 716, Plat of Everett, Lots 24 to 31 inclusive, Block 716, Plat of Everett. Section 4: .41 special fund is hereby crated to be called Local Improvement District Fund No. 501 , which shall c� insist aggregate of the several amounts assessed, levied and collect- ed on the several lots andr.arcels of land in said local, improvement district, and the proceeds, of the sale of the bonds of the said dis- trict, for the expenses of such improvement . Out of said fund shall be paid the bonds, the interest thereon and the entire cost of such improvement. Section 5: The costs and expenses of such improvement shall be defra7ed by special assessments, payable in ten e ual annual installments, with interest thereon at the rate per- cent . per an um, under the mode of payment by bonds, as provided by law and the ordinances of said. city. Bonds bearing interest at the r: to of-" ( per cont.. per annum, payable on or be fore twelve years from 5ste of issue, shall be issued in payment of 2.