Ordinance 2103 - Laserfiche WebLink

Section 2 : That the cost and expense of such improve- ment , including all necessary 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 a s' ll n of be liable in any manner for any portion of the costs and shall 11 expenses of such improvement. 2 3 Section 3 : There is hereby established a Local 1 397, ' 4 Improvement District to be called Local Improvement District No._____ 5 which district shall include the following described property 6 Lots Block Addition. 7 1 Frac.8 455 St . li cholas Addition 8 i 9 t a 13 Inc. 455 " f, 91 Strip lying i South of lot 13 455 1.0 jH n 14 +t o 16 Inc, 456 i 455-A Alt amont Addition. 11 ' 6 to lc� Inc. 4 to 16 Inc. 457 Altamont 2nd Addition. 12 1 Section 4 : A special fund is hereby created, to be 13 called Local Improvement District Fund No. 4_97 , which shall 14 ' I consist in the aggregate of the several amounts assessed, levied 15 and collected on the several lots, tracts and parcels of land 16 in said Local Improvement District and the proceeds of the sale • . 17 of the bonds of said district for the purpose of defraying the 18 costs and expenses of such improvement. Out of said fund shall be 19 paid the bonds, the interest thereon and the entire cost of such 20 improvement. 21 1 Section 5 : The cost and expense of such improvement 22 ' shall be defrayed by special assessments, payable in ten (10) equal 23 annual installments with interest thereon at the rate of seven (7) 24 R percent per annum under the mode of payment by bonds as provided 25 by law and the ordinances of said city. Bonds bearing interest 26 at the rate of 7 o per annum,, payable on or before twelve (12) 27 28 29 30 2- 31