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FORMATION ORDINANCE /11324-87 <br /> AN ORDINANCE of the City of Everett, Washington, ordering the <br /> 11 improvement of 60th Street S.W. and Hardeson Road all in <br /> accordance with Resolution No. 2799 of the City Council; <br /> ' establishing Local Improvement District No. 726 and ordering <br /> the carrying out of the proposed improvement; providing that <br /> payment for the improvement be made by special assessments upon <br /> the property in the District, payable by the mode of "payment by <br /> bonds"; and providing for the issuance and sale of local <br /> improvement district warrants redeemable in cash or other <br /> short-term financing and local improvement district bonds. <br /> :111 <br /> WHEREAS, by Resolution No. 2799 , adopted DECEMBER 17th , 1986, the City <br /> Council declared its intention to order the improvement of 60th Street S.W. <br /> and Hardeson Road, and fixed January 14, 1987, at 8:30 a.m. , local time, in <br /> the Council Chambers of the City Hall as the time and place for hearing all <br /> 11 objections thereto and for determining the method of payment for the <br /> I' improvement; and <br /> it <br /> WHEREAS, the City Engineer caused an estimate to be made of the cost and <br /> expense of the proposed improvement and certified that estimate to the City <br /> Council, together with all papers and information in his possession touching <br /> 11 the proposed improvement, a description of the boundaries of the proposed <br /> , local improvement district and a statement of what portion of the cost and <br /> I <br /> ! expense of, the improvement should be borne by the property within the proposed <br /> district; and <br /> !I WHEREAS, that estimate is accompanied by a diagram of the proposed <br /> 1 improvement showing thereon the lots, tracts, parcels of land, and other <br /> property which will be specially benefited by the proposed improvement and the <br /> Iestimated cost and expense thereof to be borne by each lot, tract and parcel <br /> of land or other property; and <br /> 1 <br /> 11 <br />