Ordinance 2214 - Laserfiche WebLink

Section 2. That the cost and expense of such improvement including all necessary incidental expenses, shell be borne by and assessed against the property included in the assessment district; herein created in accordance with law. The city of : verett shall not be liable in any manner for any portion of the costs end ex- penses of such improvement, except as provided in chapter 141, ses- sion 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 430 , which district shall include the following described property: Lots 17 to 32 Inc. in Block 229, Church & LaMoure' s Add. to Everett. Lots 1 to 16 inc. in Block 230, Church & LaMoure' s Add. to Everett. Section 4. A special fund is hereby created to be called Lo- cal Improvement District Fund No. 430 , which shall consist in the aggregate of the several amounts assessed, levied and collect- ed on the several lots, and parcels of land in said Local Improve- ment District, and the proceeds of the sale of the bonds of said District, for the purpose of defraying the costs and expenses of such improvement, out off said lurid shall be. pai$ €b bonds, the in- terest thereon and the entire cost of such improvement. Section 5. The costs and expenses of such improvement shall be defrayed by special assessments, payable in ten annual install- ments, with interest thereon at the rate of seven ( 7) per cent per annum under the mode of pcyment by bonds, as provided by law and the Ordinances of said city. Bonds bearing interest at the rate of seven ( 7) per cent per annum, payable on or before twelve years from date of issue shall be issued in payment of the cost and ex- pense of such i provement, or the City of Everett may at its elec- tion, sell said bonds and make payment in ®ash in the manner provid- ed by the ordinances of said city. ' r � ) Mayor Passed: Ju --_ Attest: � City Clerk. Published July 3 , 1925