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THE CITY COUNCIL OF THE CITY OF EVERETT, WASHINGTON, DOES <br /> ORDAIN as follows : <br /> Section 1 . Section 7 of Ordinance No . 707-80 is amended to <br /> read as follows : <br /> Section 7 . The costs and expenses of such improvement <br /> shall be defrayed by special assessments payable in equal <br /> installments with interest, under the mode of payment by bonds <br /> or installment notes as provided by law and the ordinances of <br /> the City of Everett . Bonds or installment notes bearing <br /> interest payable on or before 12 years from date of issue shall <br /> be issued in payment of the costs and expenses of such <br /> improvement or the City of Everett may, at its election, sell <br /> said bonds or installment notes and make payments in cash in the <br /> manner provided by ordinance of said City. <br /> Section 2 . The assessments and assessment roll of Local <br /> Improvement District No. 704 which has been created and estab- <br /> lished for the purpose of converting existing overhead elec- <br /> trical and communication facilities to underground improvements <br /> in the alley east of Colby Avenue, lying between the alley south <br /> of Hewitt Avenue and Pacific Avenue, as provided by Ordinance <br /> No . 707-80, as the same now stand be and the same are in all <br /> things and respects approved and confirmed in the total amount <br /> of $221, 078 . 81 . <br /> Section 3 . Each of the lots, tracts, parcels of land and <br /> other property shown upon the assessment roll is determined and <br /> declared to be specially benefited by this improvement in at <br /> least the amount charged against the same, and the assessment <br /> appearing against the same is in proportion to the several <br /> assessments appearing upon the roll . There is levied and <br /> assessed against each lot, tract or parcel of land and other <br /> property appearing upon the roll the amount finally charged <br /> against the same thereon. <br /> - 2 - <br />