Ordinance 1769 - Laserfiche WebLink

4' liable in any manner for any portion of the cost an. expense of such improvement. Section 3: That there is hereby established a local improvement district, to be called "Local Improvement District No. J�, which district shall include the following described property, to-wit: All that property not deeded or dedicated as city streets within the following described limits: Beginning at the standard monument of Nine- teenth Street and west Grand Avenue; thence south along the Grand Aven- ue monument line 232 feet; thence west at right angles to said Grand Avenue monument line to the east line of the Great Northern Railway Company' s right-of-way, the true point of beginning; thence continue west to a point 500 feet west of the west line of the Norton Avenue extension; thence south parallel to the west line of the Norton Avenue extension and 500 feet distant therefrom to the center line of Twenty- second Street produced west; thence east along said center line of Twentysecond Street produced, to the east line of the Great Northern Railway Company' s right-of-way; thence north along the east line of the Great Northern Railway Company' s right-of-way to the true point of beginning. Section 4: A special fund is hereby created to be called "Loc- al Improvement District Fund No. _ q ",which shall consist in the aggre- gate of the several amounts assessed, levied, and collected on the sev- eral lots and parcels of land in said local improvement district, and the proceeds of the sale of all of the bonds of said district, for the purpose of defraying the cost and expense of such improvement. Out of said fund shall be paid all bonds, interest thereon, and the entire cost of said improvement. Section 5: That the cost and expense of such improvement shall be defrakyed by special assessments payable in five equal annual installments with interest thereon at the rate of seven per cent per annum under the mode of "Payment by Bonds" as defined by law and the