Ordinance 720•
ORDINANCE NO.
AN ORDINANCE PRCVIDING FOR THE IMPROVEMENT OF THE SIDEWALK hREA
OF THE WEST SIDE OF THIRD ..VENUE NORTH IN THE CITY OF EDMONDS,
FRCM h POINT THAT I3 1,.t, FEET NORTHEASTERLY ALONG THE CENTER
LINE OF THIRD AVENUE NORTH FROM THE INTERSECTION OF THE CENTER
LINES OF THIRD .AVENUE NORTH AND EDMONDS STREET, TO THE SOUTH
MARGIN OF ChSPER STREET BY THE INSTALLhTION OF CONCRETE SIDEWALKS
(WHERE THE SAME DO NOT ALREhDY EXIST) AND CURBS, IN hCCORDANCE
WITH CITY SThNDARDS, AND SUCH OTHER WORK AS MhY BE NECESSARY TO
MhKs; A COMPLETE IMPROVEMENT; CREATING AN hSSESSMENT DISTRICT;
CREATING A CONSTRLCTION FUND THEREFOR; CREATING A LOChL IMPROVE-
MENT DISTRICT FUND THEREFOR; PROVIDING THhT PAYMENT FOR SUCH
IMPROVEMENT BE MADE BY SPECIAL ASSESSMENT ON SAID DISTRICT UNDER
THE MODE OF PAYMENT BY BONDS; AND PROVIDING THE RATE OF ASSESS-
MENT SHALL BE FIXED ON THE BASI'Z OF THE SPECIAL BENEFITS CONFERRED
AS SET FORTH IN R.C.W. 35 44.04).
WHEREAS, by Resolution of Intention No. 130 passed by the
City Council of the City of Edmonds on April 1, 1958, 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.
130, no written objections were filed,
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF EDMONDS
DOES ORDAIN:
Section 1. That certain property in the City of Edmonds
be improved by installation of concrete sidewalks (where the same
do not already exist) and curbs, in accordance with City standards,
and such other work as may be necessary to make complete improve-
ment.
Section 2. That the cost and expense of s.:ch 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.
Section 3. That there is hereby established a local im-
provement district to be called Local Improvement District No. 84,
which district shall include the following described property, tc-wit:
(1)
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Commencing at the intersection of the centerlines of Edmonds
St. and 3rd Ave. N.; thence northeasterly along the centerline of
3rd Ave. N., 155.5 feet to the true point of beginning; thence
northwesterly at a right angle to 3rd Ave. N., 158 feet; thence
northeasterly 140 feet mcre or less to the SW corner of Lot 19,
Sunset addition; thence continuing northeasterly to the northwest
corner of Lot 12, Sunset Addition; thence continuing northeasterly
to the Southeast corner of Lot 11, Morse Addition; thence continu-
ing northeasterly to the northwest corner of Lot 12, said Morse
Addition; thence continuing northeasterly on the last mentioned
line extended, to the south margin of Casper St.; thence easterly
along said south margin of Casper St. to the centerline of 3rd
rive. N.; thence southwesterly along said centerline of 3rd „ve.
to the true point of beginning; (situate in Edmonds, Snohomish
County, State of Washington.)
Section 4. A special fund is hereby created to be called Con-
struction Fund for Local Improvement District No. 84. Into said
fund shall be paid the proceeds from the sale of interest -bearing
warrants by the City of Edmonds to the purchasers of said warrants.
Out of said construction fund s:iall be paid, by cash warrants, the
costs of the improvement as the same shall become due.
Section 5. A special fund is hereby created, to be called Local
Improvement District Fund No. 84, which shall consist in the aggre-
gate of the several amounts assessed, levied and collected on the
several lots, and parcels of land in said local improvement dis-
trict and the proceeds of the sale of bonds of the said district.
Out of said fund shall be paid the bonds, the interest thereon,
and the entire cost of such improvement.
Section 6. The cost and expense of such improtssent shall be
defrayed by special assessment payable in ten (10) equal annual
installments, with interest thereon at no more than the rate of
six ( 6 %) per cent per annum, payable annually, under
the mode of payment by bonds, as provided by law and the ordinances
of said City. Bonds bearing interest at the rate of no more than
six ( °5) per cent 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,
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at its election, sell said bonds and make payment in cash in the
manner provided by law and the ordinances of sa.d City.
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ATTEST:
CITY CLERK
Passed: May 6, 1958
Published: May 15, 1958
(3)
MAYOR