Ordinance 2141 - Laserfiche WebLink

. 110 drainage and doinc all other work necessary to make a complete improvement, according to the plans and specifications, prepared under the direction of the City Lngineer, which plans and specifi- cations are hereby adopted and aa,_)roved. sect ion -J : That the cost and expense of such improve- ment including all tecessary 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 iAprovement. section 3 : There is hereby established e Local Improvement District to be called Local Improvement District No 4404 wl1ich district shall include the following described propert, , to-wit ; Lots Block Division 17 to 24 Inc 314 Div "Trt f 314 =r !! Section 4 : A special fund is hereby created to be called Local Improvement District Fund No.4e044, which shall consist in the aggregate of the several amounts assessed, levied end 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 end expenses of such improvement . Out of said : and shall be paid the bonds, the interest thereon and the entire cost of such improvement . :section 5 : The costs and e penses of such improvement shell be defrayed by special assessments, payable in ten (10) equal annual installments, with interest thereon et the rate of seven (7 ) per cent per annum under the mode of payment by bonds, as provided by 1,w and. the ordinances of said City . bonds bearing interest at