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• <br /> Section 2 . There is created and established a local <br /> 1 <br /> improvement district to be called Local Improvement District No . <br /> 2 <br /> 730 of the City of Everett , Washington (the "District" ) , the <br /> 3 <br /> boundaries or territorial extent of which District are more <br /> 4 <br /> particularly described in Exhibit B, attached hereto and by this <br /> 5 <br /> reference incorporated herein. <br /> 6 <br /> Section 3 . The total estimated cost and expense of the <br /> 7 <br /> improvement is declared to be $977, 200 , approximately 60 percent <br /> 8 <br /> of which expense shall be borne by and assessed against the <br /> 9 <br /> property specially benefited by such improvement included in the <br /> 10 <br /> District which embraces as nearly as practicable all property <br /> 11 <br /> specially benefited by such improvement . The balance of such <br /> 12 <br /> cost and expense shall be advanced by the City pursuant to <br /> 13 Ordinance No . 1561-89 and reimbursed from future monthly utility <br /> 14 service surcharges within the District . <br /> 15 <br /> Section 4 . In accordance with the provisions of RCW <br /> 16 35 . 44 . 047, the City may use any method or combination of methods <br /> 17 to compute assessments which may be deemed to fairly reflect the <br /> 18 <br /> special benefits to the properties being assessed. <br /> 19 Section 5 . Local improvement district warrants may be <br /> 20 issued in payment of the cost and expense of the improvement <br /> 21 herein ordered to be assessed, such warrants to be paid out of <br /> 22 the Local Improvement Fund, District No . 730 , hereinafter <br /> 23 created and referred to as the Local Improvement Fund, and, <br /> 24 until the bonds referred to in this section are issued and <br /> 25 <br /> -3- <br />