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. <br /> WHEREAS, due notice of the above hearing was given in the manner provided` <br /> by law, and the hearing was given in the manner provided by law, and the <br /> hearing was held by the City Council on the date and at the time above i <br /> mentioned, and all objections to the proposed improvement were duly considered <br /> and overruled by the City Council, and all persons appearing at such hearing 1 <br /> 1 <br /> and wishing to be heard were heard; and <br /> WHEREAS, the City Council has determined it to be in the best interests of j <br /> 1 <br /> the City that the improvement as hereinafter described be carried out and that j <br /> a local improvement district be created in connection therewith; <br /> NOW, THEREFORE, THE CITY OF EVERETT DOES ORDAIN: <br /> Section 1: The City Council of the City of Everett, Washington (the 1 <br /> "City") , orders the construction of street system and utility system described 1 <br /> in Exhibit A attached hereto and by this reference incorporated herein. <br /> All of the foregoing shall be in accordance with the plans and <br /> specifications therefor prepared by the City Engineer, and may be modified by <br /> the City Council as long as such modification does not affect the purpose of <br /> the improvement. <br /> Section 2: There is created and established a local improvement district ) <br /> to be called Local Improvement District No. 727 of the City (the <br /> "District") , the boundaries or territorial extent of such District being more ' <br /> II particularly described in Exhibit B attached hereto and by this reference <br /> incorporated herein. <br /> Section 3: The total estimated cost and expense of the improvement is <br /> declared to be $ 1,048,400. The entire cost and expense, less the proceeds, <br /> if any, of state or federal grants, shall be borne by and assessed against the <br /> property specially benefited by such improvement included in the District <br /> which embraces as nearly as practicable all property specially benefited by <br /> I such improvement. <br />