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Ordinance 504O�. III ri CE 1 0.504. ( L. I . D. 47 ) Ari Ordinaree providing for the improvement of the Alley be- tweer Fourth Street and Fifth Street in the City of Edmonds, from a poirt Three Lurdred Fifty (350) feet South of the center line of Dayton Street South alorg the center lire of said Alley pro- duced a distarce of Seven Hundred Fifty ( 750 ) feet, by the c or- struction of an eight inch (8") concrete lateral sewer, together with the recessary merholes, catch basins and other appurtenances necessary to make a complete improvement all in accordance with Resolution r:o.101 of, the City of Edmonds; 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". yvHIa"W S, by Resolution To.101, of the City of Edmonds, the City Council of said City has declared its intention_ to order the improvement as above outlined and doing all other work necessary in correction therewith to make a complete improvement in accord- ance with the plans and specifications prepared by the City Engineer. F OW THEREFORE, The City of Edmonds does ordain: SECTIOIi 1: x:a t the alley between_ Fourth Street and Fifth Street,ir said City, from a point Three Hundred Fifty (350) feet South of the certer lire of Dayton Street South along the center lire of said Alley produced a distarce of Seven Hundred Fifty (750) feet, by the coystructior of an eight inch (8") concrete lateral Sewer, together with the necessary manholes, catch basins, ar•d other appurte.=arces necessary to make a complete improvement, all in accordance with the plans and specifications prepared under the direction of the City Engineer, which plans and specifications are hereby adopted arc. approved. SECTIM, 2: That the costs and expenses of such improvement shall be borre by and assessed against the property included in the assessment district hereir_ created in accordance with law. SECTION' 3: There is hereby established a Local Improvement District to be called Local Improvement District lo.47, which District shall include the followirg described property,towit: Beginning at the Southeast co per of Sectior_ Twenty-three (23), Township Twerty�-s even (274. rage Three ( 3 ) East W.M. ; thence Lorth along the center lire of Fifth Street for Six Hundred Sixty and Fire Terths,(660.9) feet; thence West for Thirty (30) feet to the true point of beginning; thence contiru- irg West for Two Hundred Sixty -ore and Four Terths,(261.4) feet to the East lire of Fourth Street; thence South along the East lire of Fourth Street produced for Seven Hundred nifty (750) feet; thence East Two Hundred Sixty-one and Four Tenths,(261.4) feet, more or less to the Westeright-of-way lire of Fifth Street; 379 thence north Seven Hundred Y ifty (750 ) feet along the Wiest line of Fifth Street to the true point of beginning. In Sec- tions Twenty-three (23) and Twenty-six (26), Township Twenty - sever (27) lorth, Range Three (3) East W.Y. SECTI0F 4: A special fund is hereby created to be called Local Improvement District Fund l o.47, 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 Improvemert District and the proceeds of the sale of the Bonds of the said District for the purpose of defraying the costs and expenses of such improvement. Out of said fund shall be paid the Bonds, the interest thereon, and the entire cost of such improvement, except the coat of labor as hereir_after provided. SECTIOIC 5 : The costs and expenses of such improvement shall be defrayed by special assessments payable in ten (10) equal annual installments with interest thereon at the rate of five (5 %) pereer_t per annum under the mode of "Paymert by Bonds" as provided by law and the Ordinances of said City. Bonds bearing interest at the rate of five (5%) percent per annum payable or or before twelve (12) years from date of issue, shall be issued in payment of the costs and expenses of such improve- ment, or the City of Edmonds may, at its election, sell said Bor_ds and make payment in cash in the manner provided by the Ordinances of said City. SEDTIOlFf 6: That the costs arA expenses of said improve- ment to be borne by and assessed against the property of the said assessment district, and for which B:or_ds of said District are to be issued, shall not include the cost of labor upon.: said improvement, which labor is to be furnished by Federal Funds under the WPA plan of Federal Government. Passed July 6th, 1937. Attest: Geo-M.Leyda, City Clerk. F.A.Fourtner, Mayor. Published July 9th, 1937. I hereby certify that the above and foregoing is a true and correct copy of Ordinance lo.504 of the City of Edmonds, Wash. Gea.M.Leyda, City Clerk.