Ordinance 2222 - Laserfiche WebLink

Engineer, which plans and specifications are hereby adopted and approved. Section 2. That the cost and expense of such improvement, including all necessary incidental expenses, shall be borne by . and assessed against the property included in the assessment dis- trict 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 cif Everett. SectiOn 3. There is hereby established a Local Improve- ment District to be called Local_ Improvement District No. 433 which district shall include the following described property, to-wit: Lots 9 to 24, Inc. in Block 570, Div. I. Lots 9 to 16, Inc. in Block 571, Div. I. Lots 1 to 8 , Inc. in Block 603, Div. I. Lots 1 to 8 , Inc. in Block 604, Div, I. Lots 22 to 29, Inc. in Block 604, Div. I. Section 4. A special fund is hereby created to be called Local Improvement District fund No. 433 , which shall consist in the aggregate of the several amounts assessed, levied and co- llected 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 aad expenses of such improvement. Out of said fund shall be paid the bonds, the interest thereon and the entire cost of such im- provement. Section 5. The costs and expenses of such improvement shall be defrayed by special assessments, payable in ten equal annual installments, with interest thereon at the rate of seven per cent. (7%) per annum, under the mode of payment by bonds, as