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Ordinance 526391 ORDII�AlGE I.O.. 526 ✓ An QrdiLar,ce providing for the improvemert of kirst Ave. Forth in the City of Edmonds from Edmonds Street jortherly a distarce of 1071 feet, more or less, to a correction with the I orth Tr -ark Sewer by the, construction of a combired eight to ter_ irch lateral aL d sanitary sewer, and the corstructior, or concrete curbs and gutters, together with the necessary drainage, manholes, catch basirs and other appurterarces necessary to make a complete improvemert, all it accordarce with 3esolutiQr_ Jo. 105 of the City of Edmonds; creating ar. Assessmert District; creatirg a Local Iaaprovemert District Fur:d therefor, and providing that payment for such improvement be made by special assessmert or said District under the mode of payment by bonds. VF TLCEii ,S, by Resolution 10. 105, of the City of Edmonds, the City Council of said Dity has declared its irtertior to order the improvemert as above outlined and Goirg all other work necessary in correction therewith to make a complete improvemert it accordarce with the plans ar.d specifications prepared by the City Ergireer, 1:0IV, THERZ?O tE, THE CITY OF EDLdOLDS DOES ORDAII, : Section 1: That First iiverue Iorth it the City of Edmonds from Edmop_ds Street Lortherly a distance of 1071 feet, more or less, to a corr_ectior with the T.orth �rurx Sevier by the corstruction of a combined eight to ter_ ir-,ch lateral ard sanitary sewer, and the corstruction of a combired" eight to ter_ irych lateral and saritary sewer, ar,d the corstruction: of concrete curbs and gutters together with the recessary drair..age, manholes, catch basic_-s ar.d other a-opurtenarces necessary to make a complete improvemert, all in accordarce with the plans ar.A specifications prepared under the direction of the City Ergireer, which plans and specifications are hereby adopted and approved. Section 2: That the costs and exper_.ses of such improvemert shall be borne by and assessed agairst the property included in the Assessmert District herein created in accordarce with law. Section 3: There is hereby established a Local Improve- mert District to be called Local Improvement District L o. 50 , which District shall include the following described prope7ty, to -wit: Beginrir_.g at an irtersectior with the easterly right of -way Lire of First Averue Iorth :_ d the center lire of Edmords -,Street;;.:_.thence Easterly_.alorg the center lire of Edmonds Street for 120 feet; thence I:ortheast- erly parallell to and 120 feet easterly of the East boundary of said First Aver_ue Lorth for 1086 feet; thence T ortherwesterly-measured at right angles from the Easterly margir• of first Avenue forth for 340 feet to the Westerly boundary of the -right-of-way of the Great lorthern railway Compary; thence Southwesterly following the Westerly right-of-way boundary of said Great T ortherr Railway for 1081 feet more or less to an irterseetior with the center lire of Edmonds Street produced westerly; thence Southeasterly alohg s&id center lire of Edmonds Street to the Poirt of Begirrizg. Section 4: A special fund is hereby created to be called Local Imprrovement Dis.rrict Furd To 50 , which shall consist in the aggregate of the several lots ar.d parcels of. land in said Local Improvemert District a.nd the proceeds of the sale of the bords of the said District for the purpose of defrayir_g the costs and expenses of such improvemert. Out of said fur_d shall be paid the bords, the interest thereon_, and the ertire cost of such improv- emert., except the cost of labor as- hereinafter provided. 392 11 In Sectior 5: The costs and expenses of such improvement shall be defrayed -jy special assessiffer.t payable inter. equal, arrual irstallmerts; with irterest thereon, at the rate of 5 per cent., per arr.-�n urder the mode of paymert by bords, as provided by late a.r.dd1 the Oruir_arees of said City. Bords bearirg ir_terest at the ra�'e of 5 per cent., per arram, payable on or before twelve yepxs T m date of issue, shall be issued it paymer_t of the costs and expenses of such improvement, or the City of Edmonds may, at its election:, sell said bords and make pay- me.lt ir_� cash it the marrer provided by the Ordir.arces of said city. Sectior 6: That the costs and expenses of said improve- mert to be borre by:-A�hd assessed agairst the property of the said Assessment Diszrict, and for which bor_ds of said District are to be issued, shall rot ir..clude the cost of labor upor said improvement, which labor is to be furrished by Federal funds urder the VTPk plar bf Federal Goverrmert. Passed: October, 17, 1939. ATTEST: Geo. H. Lt �ua ruy Clerk. PUBLISHED: F. A. Fourtrer, I hereby Certify that the above and foregoir_g is a true and Correct copy of Ordinance 526, of z�ie City of Edmoras. -Vity clftx.