Ordinance 1798 - Laserfiche WebLink

of the city engineer, which plans and specifications are hereby adopted and approved. Section 2: That the cost and expense of such improvement, including all necessary and 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 shall not be liable in any manner for any portion of the cost and expense of such improvement. Section 3: There is hereby established a local improvement district to be called "Local Improvement District Teo. which district shall include the following described property: all the property between the termini of said improvement abutting FFcJe tsu / upon, adjacent, vicinal or proximate to such portion of Srt'r et- tx=zae as above set forth for a distance back from the marginal lines thereof one hundred thirty feet, being more particularly described as follows: "Lots 17 to 32, inclusive, block 784; lots 1 to 16, inclusive, block 7g5; lots 1 to 17, inclusive, block c21; lots 19 to 35, inclusive, block 829, all in Plat of Everett Division IHI . " Section 4: A special fund is hereby created, to be called "Local Improvement District Fund, No. 335 ", which shall con- sist in the aggregate of the several amounts assessed, levied and collected on the several lots and parcels of land in said local improvement district and the proceeds of the sale of the bonds of said district. Out of said fund shall be paid the bonds, interest thereon, and the entire cost of such improvement. Section 5: That the cost and expense of such improvement shall be defrayed by special assessment payable in ten equal annual installments with interest thereon at the rate of not more than seven per cent per annum under the mode of "Payment by Bonds" as defined by law do the ordinances of said city. Bonds bearing