Ordinance 1978 - Laserfiche WebLink

• ft I improverlent including all necessary incidental ',Experses. t311811 be borne by and assessed tw.ainet tne property included in the al3SOFIS4• merit district herein crested in accordance with law. The City of verett Shall not be liable in any manner for any pOrtion of the 1 coots and expenses of such imp rovement. 2 ;action 3 : There is hereby entablished a Local 3 Imp rovement it riot e called Local Improvement jetriot !io 4 which district shall include the following, described. pro ,erty 5 1oc ddition. 6 18A (109 Plat of :I.Trett 19-24 Incl. 7 i; and D Addition. 8 action 4 soecipl fund is hereby created to be 9 ce.A.ed T.ocal Improvement Tistrict .kund no. 360 •ehich shall coneist 10 in the nggrec;nte of the several amounte ar3neesed, levied and coll. 11 acted on the lc:veva lots ond parceln of land in said Local Trapivve' 12 ,!;ent irtrict and the proceedn of the nele of the bonds of the said 13 nt riot for the pure)se of def twiny, the co nt;I and expenses of 14 such imp rove.lent. thit of said rund shall be paid the bonds, the 15 interest thereor1. and the entire CO 3t of such improvement. 16 'action 5 cont and expense of such improvement 17 anal be clef rayed by sencial neeenselents payable in ten annual 18 installment° with interest thereon at. the rate of not more than 19 seven ( 7) per cent -per annwa, under the mode of pvraent by bonds 20 al provided by law and the Ordinances of said city . !Jonas bearing 21 interest at the rate of not -lore than ;seven per cent per annum, 22 peyeble on or beforetvelve yearn from date of issue, shall be 23 issued in pfyment ol tat' cost end expense of such improvement or 24 the city of eferett may, at its election, sell said bonds and make 25 pyment in cash in the menner provided by the ordinances of said 26 city. 27 28 yor. Trarch 22rd 1S 2,1 . 30 ttest; iAerk. 31 March 2!14:', 192 .