Ordinance 2085 - Laserfiche WebLink

Everett shall not be liable in any manner for any portion of the II costs and expenses of such improvement. Section 3 : There is hereby created a Local Improvemert District to be called Local Iniptovement District No. .70 1 which shall include the following described property, to-wit; 2 Lots Block Addition 3 1 to 3 Inc 783 Stanford Ld. Cots Add 4E1 of 4 n n n n E1- of8to18 Inc . " n i' n St rip 6 South of lot 18 J n ri n n 1 to lb Inc. 784 Plat of Ey., Div, H. 7 2O'strip, south of1116 n n n u u n 8 Section 4 : A special fund is hereby created to be p 7 ) 9 called Local Improvement District rand No. which shall 10 consist in the aggregate of the several amounts assessed, levied li and collected on the several lots and parcels of land in said 12 Local. Improvement District and the proceeds of the sale of the 13 j bonds of said district for the purpose of defraying the costs 14 and expenses of such improvement. Out of said fund shall be paid 15 the bonds , the interest thereon and the entire cost of such 16 improvement . 17 Section 5 : The cost and expenses of suchrimprovement 18 61 shall be defrayed by special assessments payable in 19 equal annual installments with interest thereon at the rate of 20 seven (7) per cent per annum under the mode of payment by bonds 21 as provided by law and the ordinances of said city. 3onds ti]IY bearing//�i 22 ihtprest at the rate of 7% per annum payable on or before 1Fe- 23 years from date of issue shall be issued in payment of the 24 cost and expenses of such improvement or the City of Everett may, 25 at its election sell said bonds and make payment in cash in the 26 27 28 29 30 31