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Ordinance 526391 ORDIEAICE 1:0.. 526 An Ordinance providing for the improvemert of First Ave. Forth in the City of Edmonds from Edmonds Street r ortherly a distance of 1071 feet, more or less, to a correctior with the Iorth 'Trunk Sewer by the, corstructior of a combined eight to ter_ inch lateral and sanitary sewer, and the corstructior or concrete curbs and gutters, together with the necessary drairage, marholes, catch basins aril other appurterarces necessary to' make a complete improvement, all ir accordance with ResolutiQn I.o. 105 of the City of Edmonds; creating ar Assessment District; creating a Local Iaaprovemert District lard therefor, and providing that payment for such improvement be made by special assessment or said District under the mode of payment by bonds. WHEREAS, by Resolution I.o. 105, of the City of Edmonds, the City Council of said pity has declared its irtertior to order the improvemert as above outlined and Goirg all other work necessary ir_ correctior therewith to make a complete improvemert in accordance with the plans and specificatiors prepared by the City Engineer, IOW, THEREFORE, THE CITY OF ED ]0L.D5 DOES ORDAIT, : Section 1: That First Averue north in the City of Edmonds from Edmonds Street Lortherly a distarce of 1071 feet, more or less, to a correctior with the Lorth Truax Sewer by the corstructior of a combined eight to ter inch lateral ard sanitary sewer, ard the corstructior of a combined"eight to ter_ inch lateral and sanitary sewer, ard the construction: of concrete curbs and gutters together with the necessary drairage, marholes, catch basins ard other a--)purterarces necessary to make a complete improilemerzt, all in accordar::ce with the plars and specifications prepared under the direction of the City Ergireer, which pars and specifications are hereby adopted and approved. Section 2: That the costs and expenses of such improvemert shall be borne by and assessed agairst the property included in the Assessment District herein created in accordance with law. Sectior 3: There is hereby established a Local Improve- ment District to be called Local Improvement District Lo. 50 , which District shall irclude the following described property, to -wit: Begirnir_.g at an intersection with the easterly right of -way Lire of First Averue Lorth d the certer line of Edmorc.s -Streetthence Easterly_.along the center lire of Edmonds Street for 120 feet; therce Lortheast- erly parallell to and 120 feet easterly of the East boundary of said First Avenue Lorth for 1086 feet; thenoe 'ortherwesterly- measured at right angles from the Easterly margin of first Averue Lorth for 340 feet to the Westerly bourdary of the -right-of-way of the Great Lorthern Railway Company; thence Southwesterly following the Westerly right-of-way bourdary of said Great Lortherr Railway for 1081 feet more or less to an irterseetior with the certer line of Edmonds Street produced westerly; thence Southeasterly along said certer line of Edmonds Street to the Point of Begir:rirg. Section 4: A special fund is hereby created to be called Local Imprrovemert Disrict Furd Lo 50 , which shall corsist ir the aggregate of the several lots ard parcels of, land in said Local Improvement District and the proceeds of the sale of the bonds of the said District for the purpose of defrayir_g the costs and experses of such improvemert. Out of said #ur_:d shall be paid the bords, the interest thereon, and the ertire cost of such improv- emert, except the cost of labor a- hereinafter provided. 392 Sectior 5: The costs ar:d expenses of such improvemer.t shall be defrayed special assessisrter.t payable ir. ter equal, annual irstallmertss with interest thereor at the rate of 5 per cert., per artiab under the mode of paymert by bords, as provided by law ardi the Ordir_arces of said City. Boras bearirg irterest at the ra L e of 5 per cert., per arram, payable or or before twelve yearsmdate of issue, shall be issued it paymer._t of the costs ar-d experses of such improvemert, or the City of Edmonds may, at its electior.:, sell said bonds and make pay- ment ir cash it the marrer provided by the Ordirarces of said city. Sectior 6: That the costs and experses of said improve- mert to be borre by:-.and assessed agairst the property of the said Assessment District, and for which bords of said District are to be issued, shall rot irclude the cost of labor upor said improvemer:t, which labor is to be furrished by Federal funds under the dy'PA plar bf Federal Goverrmext. P. A. Fourtrer, Passed: October, 17, 1939. ATTEST: Geo. M. Le jo-a Oaty Clerk. PUBLISHED:- October 20, 1939. I hereby Certify that the above and foregoing is a true and Correct copy of Orairarce 526, of t) e City of Edmoras. City Cl