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Ordinance 1623r- ORDINANCE NO. 1623 AN ORDINANCE APPROVING AND CONFIRMING THE FINAL ASSESSMENT AND ASSESSMENT ROLL OF LOCAL IMPROVEMENT DISTRICT NO. 187, WHICH HAS BEEN CREATED AND ESTABLISHED FOR THE PURPOSE OF PAYING THE COST OF IMPROVING CERTAIN PROPERTY ALL IN THE CITY OF EDMONDS, WASHINGTON, BY THE CONSTRUCTION AND INSTALLATION OF UNDERGROUND ELECTRIC AND COMMUNI- CATION FACILITIES AND RELATED WORK NECESSARY TO MAKE A COMPLETE IMPROVEMENT IN ACCORDANCE WITH CITY STANDARDS, PURSUANT TO PETITION AND AS PROVIDED BY ORDINANCE NO. 1563, AND LEVYING AND ASSESSING THE AMOUNT THEREOF AGAINST THE SEVERAL LOTS, TRACTS, PARCELS OF LAND AND OTHER PROPERTY SHOWN ON SAID ROLL. WHEREAS, the assessment roll levying the special assess- ments against the properties located in Local Improvement District No. 187,,in the City of Edmonds, Washington, created under Ordinance No. 1563, was filed with the: City Clerk of the City of Edmonds as provided by law; and WHEREAS, notice of the time and place of hearing thereof and of making objections and protests to said roll was duly published at and for the time and manner provided by law,. fixing the time and place of hearing thereon for the 7th day of November,.1972, at the hour of 7:30.p.m. o'clock in the Council Chambers of the Civic Center of Edmonds, Washington, and further notice thereof was duly mailed by the City Clerk to each property owner on said roll; and WHEREAS, at the time and place fixed and designated in said notice, the hearing on said assessment roll was duly held and all written and oral protests received were duly considered and all persons appearing at said hearing were heard,.now, therefore,, THE CITY COUNCIL OF THE CITY OF EDMONDS, WASHINGTON, DO ORDAIN AS FOLLOWS: Sectiori 1. The assessments and assessment roll of Local Improvement District No. 187, which has been created and established for the purpose of paying the cost of the construction and installation of underground electric and communication facilities and related work necessary to make a complete improvement, in accordance with City standards, of certain property, described in Exhibit A, a copy of which is attached hereto and by this reference incorporated herein as if set forth in full, all pursuant to petition and as provided by Ordinance No. 1563, as the same now stands, be and the same are hereby in all things and respects approved and confirmed as modified. Section 2. Each of the lots, tracts, parcels of land,, and other property shown on said roll is hereby determined and declared to be specially benefited by said improvement in at least the amount charged against the same and the assessment appearing on the same is in proportion to the several assess- ments appearing on the said roll. There is hereby levied and assessed against each lot,,tract, parcel of land and other property appearing upon said roll the amount finally charged against the same thereon. 'Sec-tion 3 The assessment roll as approved and confirmed shall be filed with the Citv Treasurer of the City of Edmonds, Washington, for collection and said City Treasurer is hereby authorized and directed to publish notice as required by law stating that the said roll is in his hands for collection and that payment of any assessment thereon or any portion of said -2- assessment can be made at any time within thirty days from the date of the first publication of said notice without penalty, interest or costs, and that thereafter the sum remaining unpaid may be paid in ten equal annual installments with interest thereon hereby fixed at the rate of '6.5 % per annum. The first installment of assessments on said assess- ment roll shall become due one year after the date of first publication by the City Treasurer of notice that the assess- ment roll is in his hands for collection and annually thereafter each succeeding installment shall become due and payable in like manner. if the whole or any portion of the assessments remains unpaid after the first thirty day period, interest upon the whole unpaid sum shall be charged at the rate of'6.5`% per annum and each year thereafter one of said installments,, together with.interest due on the whole of the unpaid balance,, shall be collected. Any installment not paid prior to the expiration of the said thirty day period during which such installment is due and payable shall thereupon become delinquent. All delinquent installments shall be subject to a charge for interest at 6.5 % per annum and for an additional charge of 5% penalty levied upon the principal due upon such installment or installments. The collection of such delinquent installments will be enforced in the manner provided by law. APPROVED: MAYOR - ATTEST: CITY. -CLERK PASSED BY THE CITY. COUNCIL: 11/7/72 FILED WITH THE CITY CLERK: 11/7/72 PUBLISHED: 11/15/72 Exhibit "A" Boundary Description Beginning at the Northwest corner of the SW 1/4 of Section 24, Township 27,R 3 E W.M.; thence East 231.8 feet; thence North 165 feet; thence West 116.6 feet; thence North 120 feet; thence East 116.6 feet; thence North 75 feet; thence East 33 feet; thence N 09058100" W 167.9 feet; thence West 118 feet; thence North 165 feet; thence West 84 feet; thence North 68 feet; thence West 220 feet; thence South 92.9 feet; thence West 203 feet; thence South 165 feet; thence East 213 feet; thence South 165 feet; thence West 30 feet; thence South 330 feet; thence East 214.7 feet more or less to the Point of Beginning.