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Ordinance 1392ORDINANCE NO. , AN ORDINANCE APPROVING AND CONFIRMING THE FINAL ASSESSMENT AND ASSESSMENT ROLL OF LOCAL IMPROVE- MENT DISTRICT NO. 162 I�HICH 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 INSTALLATION OF CON- CRETE SIDEWALKS, SUB -GRADE, NECESSARY FILLING AND GRADING, EMBANKMENT AND STRUCTURES AND NECESSARY APPURTENANCES IN ORDER TO MAKE A COMPLETE IMPROVE- MENT ACCORDING TO CITY STANDARDS, PURSUANT TO A PETITION FOR SIDEWALK IMPROVEMENT FILED BY THE OWNERS OF THE PROPERTY SO IMPROVED AND AS PRO- VIDED BY ORDINANCE NO. 1334, 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. 162, in the City of Edmonds, Washington, created under Ordinance No. 1334, has been filed with the City Clerk of the City of Edmorrt 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 bylaw, fix- ing the time and place of hearing thereon for the 15th day of October, 1968, at the hour of 8:00 f.m. in the council chambers of the Civic Center at Edmonds, Washington and fur- ther 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 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: Section 1m The assessments and assessment roll of Local Improvement District No. 162, which has been created .and estab- lished for the purpose of paying the cost of the installation of concrete sidewalks, sub rade, necessary filling and grading, embankment and structures and necessary appurtenances in order® to make a complete improvement according to City standards to make a complete Improvement of certain property being Fifth Avenue fronting on Lots 9, 10 and ll, 'Block 2, City Park Addition, together with the South 2 feet of Lot 12, :Block 2, City :Park Addition, all situate In the City of Edmonds,Sno- homish County, Washington, pursuant to a petition filed with the City Council signed by the owners of ;property aggregating the majority of (1) lineal frontage upon the improvement, and (2) the area within the proposed district, and as provided by Ordinance No. 1334, as the same now -stands, be and the same is hereby in all things and respects approved and confirmed® Section 2. Bach of the lots, tracts, parcels of land, and other property shown on the 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 against the same is in proportion to the several assessments 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 sane thereon® Qom"' Section 3® The assessment roll as approved and confirmed shall be filed with the City Treasurer of the City of Edmonds, Washington for collection and said City Treasurer is hereby authorized and direced to publish notice as required by law statim that the said roll is in his hands for collection and that payment of any assessment thereon or any portion of said 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 percent per annum. The first installment of assessments on said assessment roll shall become due and payable during the thirty day period succeeding the date one year after the date of first publication by the City Treasurer of notice that the assessment roll is in his hands for collection and annually thereafter each succeeding installment shall became 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 6 percent per annum and each year thereafter one of said install- ments, nstallmenta, together with interest due on the whole of the unpaid bal- ance, 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 percent per annum and for an additional charge of five percent penalty levied upon the principal due upon M such installment or installments. The collection of such delinquent installments will be enforced in the manner provided by law. ATTEST: PASSED BY THE CITY COUNCIL: October 15, 1968 FILED WITH THE CITY CIXRK: October 15, 1968 PUBLISHED: October 23, 1968 P—M