Laserfiche WebLink
i • <br /> � Y � <br /> Section 2 : That the cost and expense of such improvement <br /> including all necessary incidental expenses shall be borne by and <br /> assessed against the property included in the assessment district <br /> herein created in accordance with law. The City of Everett shall <br /> not be liable in any manner for any portion of the costs and expenses <br /> of such improvement . <br /> Section 3 : There is hereby established a Local Improve- <br /> ment District to be called Local Improvement District No 406, , <br /> which district shall include the following described prperty, to-wit : <br /> Lots Block Addition <br /> , est 1/2 192 Div TTTfl <br /> 18 to 34 Inc 193 iT <br /> 18 to 34 Inc 188 #T <br /> 1 to 17 Inc 189 TT <br /> Section 4 : A special fund is hereby created to be called <br /> Local Improvement District Fund No 106, , which shall consist in the <br /> aggregate of the several amounts assessed, levied and collected on <br /> the several lots, end parcels of land in said Local Improvement <br /> District, and the proceeds of the sale of the bonds of the said <br /> District, for the purpose of defraying the costs and expenses of <br /> such improvement . Cut of said Fund shall be paid the bonds , the <br /> interest thereon and the entire cost of such improvement . <br /> Section 5 : The costs and expenses of such improvement <br /> shall be defrayed by special assessments, payable in five (5) equal <br /> annual installments, with interest thereon at the rate of seven (7 ) <br /> percent per annum under the mode of payment by bonds, as provided <br /> by law and_ the ordinances of said city. Bonds bearing interest at <br /> the rate of seven (7 ) per cent per annum, payable on or before seven <br /> (7 ) years from date of issue shall he issued in payment of the cost <br /> and expense of such improvement, or the City of Everett may, at its <br /> election, sell said bonds and make payment in cash in the manner <br />