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NOW, THEREFORE, THE CITY OF EVERETT DOES ORDAIN: <br /> Section 1: legal description <br /> That the property hereinafter described, is hereby annexed to the City of Everett: <br /> (NELSON ANNEXATION 116th STREET S.E. ) <br /> Lots 8 and 9 of the Replat of Lots 14 and 15, Block 1, Plat <br /> of Silver Lake, according to the plat thereof, recorded in <br /> Volume 9 of Plats, Page 77, records of Snohomish County, <br /> Washington; described as follows: <br /> BEGINNING at the Southwest corner of said Lot 8 of said <br /> replat; THENCE, North along West line of said Lot 8 to the <br /> Northwest corner thereof; THENCE, East along the North line <br /> of said Lot 8 and the North line of said Lot 9 of said <br /> replat to the Northeast corner of said Lot 9; THENCE, South <br /> along the East line of said Lot 9, and the Southerly <br /> projection of said East line to intersect the South right of <br /> way line of 116th Street S.E. ; THENCE, West along said South <br /> right of way line to intersect the Southerly projected West <br /> line of said Lot 8; THENCE, North along said Southerly <br /> projected West lot line to the Southwest corner of said Lot <br /> 8, and the POINT OF BEGINNING. <br /> Section 2: Assumption of indebtedness <br /> Upon annexation of the property described in Section 1, said property shall become <br /> a part of the City of Everett, and shall be subject to all of its laws and ordinances <br /> then and thereafter in force. Upon annexation of the above-described property, all <br /> of said property shall be assessed and taxed at the same rate on the same basis as <br /> other property located within the city is assessed and taxed, to pay for any then <br /> outstanding indebtedness of the City contracted prior to or existing at the date of this <br /> annexation. In addition, the annexed area will remain responsible unto any other <br /> lawfully formed municipal corporation to which the property is obligated at the time of <br /> annexation subject to a specific lien. Further, the City may incur additional operating <br /> expenses in supplying water or sewage to persons who are located within the <br /> annexed area. Accordingly, utility rates for the area for which annexation is <br /> petitioned may vary from those rates of other areas within the city. <br />