Ordinance 572416 M.
ORDI%NCE RO. 572
A,IT Ordinance providing for the improvement of Third 1.venue
froiA Main Street tolthe North city limits of the City of Edmonds
by the construction of heavy duty bituminous road mix of
asplaltic concrete purfacing between the existing concrete
pavement and curbs together with storm water inlets and sub-
drairage, the construction of curbs and gutters, where none now
exist, together wit4 all other appurtenances necessary to effect
a complete improvement; providing that the payment for said
improvement be made by special assessment on the prope '7 in said
v 1 r l_� r rL- J_l_ r C
lmprovem. _ ; >�ti .ram_ � _c�= ��_c r_ccE of ;payment by bonds. or
materials used, fixed estimated, and all other expenses,except
that forty per cent (40%) of the cost of pavir:g only, including
the preparation for paving, shall u e paid by the City of Edmonds
from the Street Pun .
UHi, , by ne::olution of Intention No. 121 of the City of Edmonds
the gity Council of the City of Edmonds has declared its inten-
tion to order the ir_-.._:-ovement, as above outlined, together with
the doing and perfo_,=: ce of all other work necessary in connec-
tion therewith to .._: e a complete improvement in accordance with
the plans and speci." cations prepared by the City Engineer;
NOW THEREFORE, THE' CITY COUi;CIL 02 THE CITY Or' EDUO=7DS DOES
HEREBY ORDAIN :
S'ECtion 1: THEN Third Lvenue from Main Street to the. T.orth
city limits of the City of Edmonds be improved by the construct-
ion of heavy duty bituminous.road mix or asphaltic concrete
surfa.cirg between t-.e existing concrete pavement and curbs to-
gether with storm water inlets and subdrainage, the construction
of curbs and putters, inhere none now exist, together, with all
other appurtenances necessary to effect a complete improvement.
Section 2: That the cost and expense of such iraprovment, in-
cluding all necessary incidental expenses., shall be borne by and
assessed against tho property included in the assessment dis-
trict hereir create& in accordance with law; the City of Edmonds
shall not be lid in any manner for any portion_ of the costs
and expensex of sucl- improvement except that forth per cent
(40%) of the cost of paving only, including the preparation for
paving, shall be paid by the City of Edmonds, from the street
Fur, d.
Section 3: There is hereby established a Local Improvement
District to be call�d Local Improvement District No. 61, which
District shall ircli�de the following described property, to -wit:
Beginning at a point on the center line of Main
Street oppipsite the center line of the alley in
Block No. gyp, Plat of the Edmonds; thence Northeust-
terly alone"a line.parallel to'Third Street and ex-
tending,through the center If alleys in Blocks 7 and 8,
Plat, of Edmonds and Block No. 1. Plat of the City of
Edmonds, tq the North City limits, thence East along
the north City limits to an intersection; with a line
parallel•tc Third Street and extendi'jig through the center
of alleys : Block "J" of the Plat of the City of Edmondd
and Blocks 5 and 6 of the Plat of Edmonds, thence
Southwest i�long said_ line of Main Street; thence
Northwesterly along the canter line of Main Street to
the point cif beginning.
Section 4: L sp ial fund is hereby created to be called
Local Improvement --strict Fund No. 61, which shall consist
in the aggregate of the several amounts assessed, levied and coll-
ected on the seve_,�,! lots and parcels of land in said Local Impro-
vement District, and th-e proceeds of the sale of the bonds of
said District for the purpose of defraying the cost End expense
of such improvement. Out of said fund shallbe paid the bonds,
the interest thereyr, and the entire cost of such improvement.
417
Section 5: The costs and aipenses of such improvement shall
be defrayed by special assessments payable in ten equal install-
ments, with interest thereon at the rate of five (5fo) per cent
per annum, payable annually, under the mode of payment by bonds,
as provided by law and the Ordinances of said City. Bonds bear-
ing interest at the rate of five (5;) per cent per annum, pay-
able on or before twelve years from date of issue, shall be
issued in payment of the cast and eypemse of such improve ent,
or the City of Edmonds may at its election, sell said bonds and
make payment in cash in the manner provided by law and the Or-
dinances of said City.
P. L. Pourtn_er, Yayor
Passed by a unanimous vote of the
City Council of the City of Edmonds
at a special session of said Council
an the 29th day of July, 1947
Attest: knita Gust, City Clerk
Bublished: August 14, 1947.