Ordinance 2452 - Laserfiche WebLink

• and expenses of such improvement, except as provided in Chapter 1.41,, Session Laws of 1923 and Ordinance No, 2126 of °;the .City` of Everett Seotion 3: .There is .hereb`= established, a Local Improve menu District to be called Loca1. Improvement District NO. 496 .` which district shall include the following described property, Lots 1, 2,3, 4,5, 6„ B ott 5. F'riday's Second. A.dd.itionr Beginning at the northeast ' corner of Northeast quarter of the southeast quarter; thence .West 165 feet; thence south 165 feat ; thence east 165 feet; thence north to point of beginning, less Federal Street. Beginning 165 feet south of the-northeast corner of the north— east quarter of the Southwest quarter; thence west 165 feet; thence south 165 feet; thence east 165 feet; thence north to point of beginning, less Federal Street. Section 4 A special fund ishereby created to be called local Improvement District Fund No. 496 , which shall con.:. slat in the aggregate of the several amounts assessed, levied, and collected on the several lots and parcels of land in said local improvement district,* and the proceeds of the sale ,of-,,the' bonds' of the said district, for the purpose of defraying the costs and expenses of such improvement. Out of said fund` shall be paid' the :bonds, the interest thereon and the entire cost of prove ent . Section 5s That the casts and expenses of such Improvement whall be defrayed by special assessments, payable in ten egra-al annual install_,ents, with interest thereon at the rate of ..seven ( 7) per cent.` per annum,under the mode of payment by bonds, as provide- ed by law and the ordinances of said city. Bonds bearing inter eat at the rate of seven ( 7) per cent, per annua, payable on 'or before twelve years from date of .issue shall be issued in f payment of the cost and' expense of such improvement or the City of 14verett may, cb its election, asl1., said bonds and make payment in cash in the manner provided by t ordinances of sal city. ayor, City Clerk. Passed: August 13,, 1 Pu'b1ished: August 1 ..