Ordinance 2012 - Laserfiche WebLink

• section 2 : .hat the cost and expense of such 1 impie vement including all necessary incidental expenses shall 2 be borne by and assessed against the property included in the 3 assessment district herein created ih accordance with law. Ihe 4 amity of Lverett shall not be liable in aiy manner for any 5 portion of the costs and expenses of such improvement. 6 -ection 3 : -here is hereby established a Local 7 Impzo vement District .b be called Local Impiro vement District 1To , 8 375 which district shall include the following described 9 property: 10 Lot .lock ddition. 11 1 to 12 inclusive 753 Lvere tt Land Co ' s 1st . 12 23 :: 32 �� 753 ER tE . iI 1 .. 7 n 754 �� ►t �E ti 13 23 •• 32 754 ;r 1 14 -eeccion 4 : A special fund is hereby created to be 15 called Local Improvement District ct land hvo , 375 which sh. ll 16 consist in the aggregate of the ever al anounts assessed, levied 17 and collected on the several lots, and parcels of land in said 18 Local Improvement District, and the proceeds of the sale of the 19 bonds of the said District, for the purpose of defraying the 20 costs and expenses of such improvement , Out of said l"und shall 21 be said the bonds, the interest thereon and the entire cost of 22 such improvement . 23 ection 5 : the costs and expenses of such impxove- 24 spent shall be defrayed by special assessments, payable in five 25 annual installments, with interest thereon at the rate of seven 26 ( 7 ) percent per annum under the mode of payment by bonds, as 27 provided by law and the ordinances of said city. sionds bearing 28 interest at the rate of seven ( 7 ) percent per annum, payable 29 on or before seven ( 7 ) years from date of issue shall be issued 30 in payment of the cost and expense of such improvement, or the 31