Ordinance 663ORDINANCE NO. 663
AN ORDINANCE providing for the improvement of Sprague Street in
the City of Edmonds, County of Snohomish, State of Washington, from the
center line of Ninth Avenue westerly to the west line of Lot 31, Block 81, and
Cie west line of Lot 10, Block 80, by grading and leveling the above described
street and paving said street with a bituminous road type paving mix together
with the installation, along said street, of standard curbs and gutters, neces-
sary storm sewers and appurtenances, and such other work as may be
necessary to make a complete improvement; providing that the payment for
said improvement be made by special assessment on the property in saia
improvement district under the mode of payment by bonds for material used,
fixed estimate and all other expenses, all in accordance with Resolutic of
Intention No. 121 passed by the City Council of the City of Edmonds on June
7, 1955; creating an assessment district; creating a local improvement district
fund therefor, and providing that payment for such improvement be made by
special assessment on said district under the mode of payment by bonds, and
providing the rate of assessment shall be fixed on the basis of the special
benefits conferred as set forth in R. C. W. 35. 44.040,
WHEREAS, by Resolution of Intention No. 121 passed by the City
Council of the City of Edmonds on June 7, 1955, proposing a local improvement
district as shown and outlined above, and doing all other work necessary in
connection therewith to make a complete improvement in accordance with the
• plans and specifications prepared by the City Engineer, and
WHEREAS, at the hearing on the Preliminary Assessment Roll on said
local improvement as provided by Resolution of Intention No. 121, one written
objection was filed and no one appeared and objected to the said improvement;
THE CITY COUNCIL OF THE CITY OF EDMONDS DOES ORDAIN:
Section 1. That Lots 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30 and
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31, inclusive, of Block 81, and Lots 10, 11, 12, 13, 14, 15, 16, 17, 18 and 19,
inclusive, of Block 80, of the Plat of the City of Edmonds be improved by grad-
ing and leveling Sprague Street from the center 1 ine of Ninth Aver;: a westerly to
the west lines of Lot 31, Block 81, and Lot 10 of Block 80, and paving said street
• with a bituminous road type paving mix together with the installation of standard
curbs and gutters, necessary storm sewers and appurtenances, and such other
work as may be necessary to make a complete improvement.
Section 2. That the cost and expense of such improvement shall be
borne by and assessed against the property included in the assessment district
created in accordance with law, and provided the rate of assessment shall be
as set forth in R. C. W. 35. 44. 040, provided, the City of Edmonds shall pay
from the General Street Fund for excavation and drainage.
Section 3. That there is hereby established a local improvement dis-
trict to be called Local Improvement District No. 75 which district shall include
the following described property, to wit:
Lots 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30 and
31, inclusive, of Block 81, and Lots 10, 11, 12, 13,
14, 15, 16, 17, 18 and 19, inclusive, of Block 80, of
the Plat of the City of Edmonds, in the County of
Snohomish, State of Washington.
Section 4. A special fund is hereby created to be called Local Improve-
ment District Fund No. 75 which shall consist in the aggregate of the several
amounts assessed, levied, and collected on the several lots and parcels of land
in said local improvement district and the proceeds of the sale of the bonds of
• the said district. Out of said fund shall L- paid the bonds, the interest thereon,
and the entire cost of such improvement.
Section 5. The cost and expense of such improvement shall be defrayed
by special assessments payable in ten (10) equal annual installments, with
interest thereon at no more than the rate of five per cent (5%) per annum, payable
annually, under the anode of payment by bonds, as provided by law and the ordi-
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nances of said City. Bonds bearing interest at the rate of no more than five
per cent (5%) per annum, payable on or before twelve (12) years from date of
issue, shall be issued in payment of the costs and expenses of such improvement,
or the City of Edmonds, may, at its election, sell said bonds and make payment in
• cash in the manner provided by law and ordinances of said City.
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ATTEST:
CITY CLERK
PASSED:
T
PU BLISHED:y—
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MAYOR