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Ordinance 0393* * * * * * * T * * * * * * kt � * * � - - - - T T T -I- -r ORDIh�,CE 10.393. (L.I.B.41) Ar Ordinarce ordering the improvement of Seventh Street from the er,d of the existing Sewer in _',lock 98, Plat of the City of Edmords to Main. Street; main Street from Seventh Street to Eighth Street by the irstallation of ar: eight -inch lateral Sewer system, together with recessary mar -holes, catch basins and other appur- ter•:arees r.:ecessary to make a complete improvement, all ix ae- cordarce with and pursuant to a majority petitior:filed with the City Coureil or the Fourth day of October, 1927, creating a Local Improvement District for said improvement a.rd providing that the payment therefor shall be by the "Paymert by Bard" pla.r.. The City of Edmords does ordair: SECTIOE 1: That Seventh Street from the end of the existing Be;,Ier in Block 98, Plat of the City of Edmonds,�o Ilair Street; uair. Street from Severth Street to Eighth Street be improved by the irstallatior of an eight -inch lateral Sewer system, together with the necessary mar -holes, catch basins, and other appurter areas necessary to make a complete improvement, all in accord- erce with plans €:rd epee-ificatiors to be prepared by the City Ergineer of said City and ir_ accorderee with and pursuant to that oertair petition for said improvement filed with the City Council of Edmonds or the Fourth day of October, 1927, and which petitior is signed by the owners J-Lo more than a majority of the lineal frontage upon the improvemert to be made within the limits and area of the Local Improvement District hereinafter created. SECTIOI 2: That said improvement be made along and ir, front of the following described property which will be effected by said improvement and which will be ircluded within the improve- mert district herein created and limited to such property for the purpose of assessment as hereinafter provided, towit: Lots 21 to 40 inclusive, Block 87, Plat of the City of Edmords. Lots 1 to 20 inclusive, Block Eighty-eight (88), Pia.t of the City of Edmords. SECTION 3: That the cost of said improvement shall be as- sessed against the property above described and against all lots, tracts and parcels of lard lyir_g aid being within the improvement district hereinafter created, it proportion_ to the benefits de- rived therefrom as provided by the Ordirarces of the City of Edmonds ar:d the laws of the State of .Washirgtor. 366 SECTION 4: That the mode of payment shU1 be under the "pay- mert by Bord" play by which plar Bards of s:id District shall be issued payable it ter (10).equal annual puam its or irstallmerts with interest thereon at the rate of eight Q) percent per arnum. SECTION 5: That the estimated cost of said improvemert is the sum of Puo Thousard Two Hundred ($2,200.00) Dollars. SECTIO1 6: That there is hereby created a Local Improvemert District to be designated and krown as Local Improvement District F o. 41, which shall include all the property hereirbefore described. SECTI0I 7: That there be, and is, hereby created a local im- provemebt fur_d to be krowL and designated as "Local Improvement District Fund Fo.41". SECTIOI 8: That said improvement shall be made under the di- reetior of the City,Courcil and the City Engineer and in accord- a.ree with the plans and specifications row or file with the City Clerk of the City of Edmor .s. SECTIOL 9: The Bords to be issued, as hereirbefore provided, Vay be delivered and sold to the Contractor dairg the work of such improvement it paymert of his services, or they may be sold by the City.Clerk at private sale, provided, however, that the re- turrs from the sale of said Bords must ret the par value of the same, plus accrued irterest, and the proceeds thereof shall be applied it paymert of the costs and experses of said improvemert. SECTION' 10: That the special a;ssessmerts to be levied as hereirbefore described shall be payable in ten (10) equal annual irstallmerts with irterest at the rate of eight (81) percent per annum, and such installments shall be collected it the manner provided by the general Ordinances of the City of Edmords and the laws of the State of Washirgtor. SECTI OV 11: This Ordirance shall take effect and be A -full force and effect from and after its passage by the City Courcil of the City of :dMor4s, its approval by the Mayor and its publi- cation according to law. Passed the City Courcil of the City of Edmonds in regular sessior this eighteenth day of October, 1927, and approved by me or the s A ame 4 e. Published October 21st, 1927. Lttest: Geo-Y..Leyda, City Clerk. F.A.Fourtrer, Mayor. I hereby certify that the above_ and foregoirg is a true and correct copy of Ordinance Jo.393 of the City of Edmonds, Wash. Geo -M. Leyda, City Clerk.