Laserfiche WebLink
. .• • <br /> All that portion of the E1/2 of Section 11, Township 28, North, <br /> Range 4, E.W.M, and the W1/2 of Section 12, Township 28, North, <br /> Range 4, E.W.M, described as follows: <br /> Beginning at an intersection of the North-South center section <br /> line of said Section 11, with the South line of the North One- <br /> Half (Nl/2) of the North One-Half (N1/2) of said Section 11; <br /> thence East along said South line to the Easterly right-of-way <br /> margin of 20th Avenue West and the true point of beginning; thence <br /> continue along said South line and along the South line of the <br /> North One-Half (N1/2) of the North One-Half (Nl/2) of said Section <br /> 12 to a point of intersection with the North-South center section <br /> line of said Section 12; thence South along said North-South <br /> center section line to the North right-of-way margin of S.R. 526; <br /> thence West along said right-of-way margin to the Easterly right-of- <br /> way margin of said 20th Avenue West; thence North along said <br /> Easterly right-of-way margin to the point of beginning. <br /> Section 5: THAT A SPECIAL FUND IS HEREBY CREATED TO BE KNOWN AS <br /> "LOCAL IMPROVEMENT DISTRICT FUND NO. 702" WHICH SHALL CONSIST IN THE <br /> AGGREGATE OF THE SEVERAL AMOUNTS LEVIED, ASSESSED AND COLLECTED ON THE <br /> SEVERAL LOTS, TRACTS, AND PARCELS OF LAND IN SAID LOCAL IMPROVEMENT <br /> DISTRICT AND THE PROCEEDS OF THE SALE OF BONDS OR INSTALLMENT NOTES IN <br /> SAID DISTRICT FOR THE PURPOSE OF DEFRAYING THE COSTS AND EXPENSES OF <br /> SUCH IMPROVEMENT. OUT OF SAID FUNDS SHALL BE PAID THE BONDS OR INSTALL <br /> MENT NOTES, THE INTEREST THEREON AND THE ENTIRE COST OF SUCH IMPROVEMENT. <br /> Section 6: THE COSTS AND EXPENSES OF SUCH IMPROVEMENT SHALL BE DEFRAYED <br /> BY SPECIAL ASSESSMENT PAYABLE IN FIFTEEN (15) EQUAL INSTALLMENTS WITH INTEREST, <br /> UNDER THE MODE OF PAYMENT BY BONDS OR INSTALLMENT NOTES AS PROVIDED BY LAW <br /> AND THE ORDINANCES OF THE CITY OF EVERETT. BONDS OR INSTALLMENT NOTES <br /> BEARING INTEREST PAYABLE ON OR BEFORE SEVENTEEN (17) YEARS FROM DATE OF ISSUE <br /> . SHALL BE ISSUED IN PAYMENT OF THE COSTS AND EXPENSES OF SUCH IMPROVEMENT OR <br /> THE CITY OF EVERETT MAY, AT ITS ELECTION, SELL SAID BONDS OR INSTALLMENT NOTES <br /> AND MAKE PAYMENTS IN CASH IN THE MANNER PROVIDED BY ORDINANCE OF SAID CITY. <br /> CITY OF EVERETT <br /> „moorse../ �.RM,/ A - <br /> MAYOR <br /> ATTES � e_do>e_e_'•' <br /> CITY CLERK <br /> APPROVED AS TO FORM: <br /> CITY ATTORNEY � <br /> PAS SED: .8 - / e/- <br /> - <br /> VALID: 3 - /t ' <br /> PUBLISHED: 77?-/ f-- <br /> -3- <br />