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Ordinance 572416 CZ rAIV ORDIN 4.NCE RO. 572 Al`? Ordinance provid froi Main Street to by the construction asplaltic concrete pavement and curbs drainage, the cons-0 exist, together wit a complete improvem improvement be made l' L t- i r lmprovem. - ; ��ti .ram_ materials used, fix that forty per cent the preparation for from the Street Pun fix( aliT • ., by ne::olut� the gity Council of tion to order the it the doing and perfo= tion therewith to the plans and speci: NOW, THEREFORE, THE: HEBEHY ORDAIN: Lng for the improvement of Third Avenue the North city limits of the City of Edmonds of heavy duty bituminous road mix of Surfacing between the existing concrete together with storm water inlets and sub - auction of curbs and gutters, where none now all other appurtenances necessary to effect lent; providing that the payment for said by special assessment on the grope t7 in said c �-_c r_ccE of ;payment by bond` for estimated, and all other expenses,except (40%) of the cost of paving only, including paving, shall u e paid by the City of Edmonds Lon of Intention No. 121 of the City of Edmonds the City of Edmonds has declared its inten- -�-_ ovement, as above outlined, together with 'm:ce of all other work necessary in connec- 7e a complete improvement in accordance with _cations prepared by the City Engineer; CITY COUNCIL O. THE CITY OF EDMONDS DOES SECtion 1: THAT Third Avenue from Main Street to the. North city limits of the City of Edmond;: be improved by the construct- ion of heavy duty b ituminous.road mix or asphaltic concrete surfacing between the existing concrete pavement and curbs to- gether with storm water inlets and subdrainage, the construction of curbs and putters, inhere none now exist, together with all other appurtenances necessary to effect a complete improvement. Section 2: That the cost and expense of such improvment, in- cluding all necessary incidental expenses, shall be borne by and assessed against the property included in the assessment dis- trict herein create in accordance with law; the City of Edmonds shall not be lia in any manner for any portion of the costs and expense of such improvement except that forth per cent (40%) of the cost of paving only, including the preparation for paving, shall be paid by the City of Edmonds, from the street Fund. Section 3: There is hereby established a Local Improvement District to be called local Improvement District No. 61, which District shall ircli.de the following described property, to -wit: Beginning Street oppp Block �o. terly along tending th Plat , of Edr Edmonds, tq the North 0 parallel•tc of alleys : and Blocks Southwest a Northwester the point ca Section 4: A sp Local Improvement in the aggregate of ect ed on the s eve �'.1 vement District, and said District for th of such improvement. the irterest thereat at a point on the center line of Min ,site the center line of the alley in '', Plat of the Edmonds; thence Northeust- �" a line. parallel to' Third Street and ex - rough the center If alleys in Blocks 7 and 8, �Lond s and Block No. 1. Plat of the City of the North City limits, thence East along ity limits to an intersection with a line Third Street and extending through the center Block "J" of the Plat of the City of Edmondd 5 and 6 of the Plat of Edmonds, thence along said line of Main Street; thence Cly along the canter line of Main Street to f beginning. ial fund is hereby created to be called strict Fund No. 61, which shall conaist the several amounts assessed, levied and eoll- lots and parcels of land in said Local Impr o- th-e proceeds of the sale of the bonds of e purpose of defraying the cost End expense Out of said fund shallbe paid the bonds, , and the entire cost of such improvement. 417 Section 5: The costs and n±penses of such improvement shall be defrayed by special assessments payable in ten equal install- ments, with interest thereon at the rate of five (5%) per cent per annum, payable annually, under the mode of payment by bonds, as provided by law and the Ordinances of said City. Bonds bear- ing interest at the rate of five (5%) per cent per annum, pay- able on or before twelve years from date of issue, shall be issued in payment of the cost and expense of such improve ent, or the City of Edmonds may at its election, sell said bonds and make payment in cash in the manner provided by law and the or- dinances of said City. P. A. Pourtn_er, Mayor Passed by a unanimous vote of the City Col}ncil of the City of Edmonds at a special session of said Council an the 29th day of July, 1947 Attest: Anita Gust, City Clerk Bublished: August 14, 1947.