Ordinance 925-83 - Laserfiche WebLink

THE CITY COUNCIL OF THE CITY OF EVERETT, WASHINGTON, DOES ORDAIN, as follows: Section 1 . The assessments and assessment roll of Local Improvement District No. 706 which has been created and estab- lished- for the purpose of improving Norton Avenue at its inter- section with 25th Street by the construction of a traffic signal system, as provided by Ordinance No. 778-81 , as the same now stand be and the same are in all things and respects approved and confirmed in the total amount of $ 7t5 Section 2. Each of the lots, tracts, parcels of land and other property shown upon the assessment roll is determined and declared to be specially benefited by this improvement in at least the amount charged against the same, and the assessment appearing against the same is in proportion to the several assessments appearing upon the roll. There is levied and assessed against each lot, tract or parcel of land and other property appearing upon the roll the amount finally charged against the same thereon. Section 3 . The assessment roll as approved and confirmed shall be filed with the City Treasurer for collection and the City Treasurer is authorized and directed to publish notice as required by law stating that the roll is in his hands for col- lection and that payment of any assessment thereon or any por- tion of such assessment can be made at any time within thirty days from date of first publication of such notice without penalty, interest or cost, and that thereafter the sum remaining unpaid may be paid in five equal annual installments with interest thereon fixed at an estimated rate of // % per annum, except that if the net effective interest rate fixed on the local improvement bonds hereafter issued for Local Improvement District No. 706 is other than % per annum, the interest rate on the unpaid assessments shall be revised to a rate of 1/2 of - 2 -