Ordinance 2090 - Laserfiche WebLink

ri..--7— w Section 2 : That the cost and e,'mense of such improve ment including the necessary incidental expenses shall be borne by and assessed against the property included in the assessment district hereinafter created in accordance with law. The City of Everett 1j shall not be liable in any manner for any portion of the cost and 2 expense of such improvement. 3 Section 3 : That there is hereby established a Local 4 Improvement District to be called Local Improvement District No. o3?! _. 5 which district shall include the following described property,to-wit : 6 Lots Block addition 7 1 to 14 Inc. 605 plat of Ev.Div "It' 1:1- of 15 1t 11 It It it 11 8 '" 1 j 7 6Q 6 Rucker' s 3rd Add. .Lu16 to 29 Inc. n II II II 9 1 to 16 Inc. 569 ii II 0 it II17 to 32 Inc. 568 10 1 to 16 Inc. 545 it II II . 17 to 32 Inc. 546 " 11 IS 11 ! 1 to 16 Inc. 497 Capital Hill.2nd Add 17 to 32 Inc. 496 11 0 11 12 13 Section 4 : A special fund is hereby created to be 14 called Local Improvement District Fund No. / j\ _ which shallcconsi 15 . in the aggregate of the several amounts, assessed, levied and 16 collected an the several lots, tracts and parcels of land in said 17 Local Improvement District, and the proceeds of the sale of all 18 of the bonds of said district for the purpose of defraying the 19 cost and expense of such improvement, Out of said fund shall be 20 paid the bonds, the interest thereon and the entire cost of said 21 improvement. 22 Section 5 : That the cost and expense of such improve- 23 ment shall be defrayed by special assessments, payable in five _( 5) 24 equal annual installments with interest thereon at the rate of 7 0 25 per annum, under the mode of payment by bonds as defined by law 26 and the ordinances of said city. D onds bearing interest at the 27 rate of 7% per annum, payable on or before seven (7) years from 28 29 30 -2. 31