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HomeMy WebLinkAboutO-0265 - Improving street (Special): ~ 285 ORDINANCE No.265. L.1.D.#37. AN ORDINANCE providing for the improvement of Tenth Street from State Street to Alder Street and on Ninth Street from State Stre~o Alder Sfreet and on Columbia Street from Ninth Street to Tenth Street and on Alder Street from Ninth Street to Tenth Street in the Town of Marys_ ville,by the construction and laying of, a complete wa.ter system and all its necessary appurtenances including the laying of trunk water mains,service laterals and connections and allluthings necessary for a proper water system and health and fire protection and such clearing, grading andre-grading as may be necessary for the purpose aforesaid and the doing of all such work in connection therewith,all in accord_ ance with plans to be prepared by the Town'Engineer,and in accordance with Resolution of Intention No. 31 of the Town of Marysville providing for said improvement and in accordance with a majority petitirl>n there_ for,creating an assessment district,creating a Local Improvement Dis_ trict Fund therefor,providing that said Impr oeeme nt be .made by special a saessment upon the property in said district by the method of payment by bonds,and repealing all ordinances or parts of ordinances in con_ flict herewith. BE IT ORDAINED BY THE COUNCIL OF THE TOWN OF MARYSVILLE : SECTION 1.That Tenth Street from State Street to Alder Street and Ninth Street from State Street to Alder Street and Columbia Street from Ninth Street to Tenth Street and Alder Street from Ninth Street to Tenth street in the Town of Marysville be improved by the construction and laying of a complete water system and all its'necessary appurtenances, including the laying of trunk water mains,service laterals and con_ nections and all things.necessary for a proper water system and health and fire protection,and such clearing,grading and re_grading,as may be ne cessary for the purposes aforesaid and the doing of such work in connection therewith,all in accordance With the plans and specification~ prepared by the Town Engineer,Which plans and specifications are here_ by adopted and approved. SECTION 2.That the costs and expenses of such improvement includ_ ing all necessary incidental expenses shall be borne by and assessed against the property included in the assessment district herein created in accordance with law.The fown of MarySVille shall not be liable in any manner for any portion of the costs and expenses ~f such improvement. SECTION 3.There is hereby created a Local Improvement District No. 37,which district shall include the following described property: Commencing at a point 120'east of the east line of State Street and 120'north of the ,north line of Tenth street,thence east parallel to the north line of Tenth Street to a point 120'east of the east line. of Alder Street,thence shouth parallel to,and 120'east of ~lder Street to a point 120'south of the south line of Ninth Street,thence west,"~....~_. parallel to Ninth Street to a point 120'east of the east line of State Street,thence North to the true place of beginning,situate in the Town of Marysville,Snohomish County,Washington. SECTION 4.A special fund is hereby created to be called Local Im_ provement District Fund No.37,which shall consist in the aggregate of the several amounts assessed,levied and collected on the several lots and parcells of land in said Local Improvement District for the purpose of defraying the costs and expenses of such improvement.Out of such funds shall be paid the bonds,the interest thereon and the entire eost of such improvement. SECTION 5.The costs and expenses of such improvement shall be de_ frayed by special assessments,payable in ten (10)equal annual install_ ments with interest thereon at the rate of seven (7)per cent per annum under the mode of payment by bonds as prOVided by law and the ordinances of the Town of Marysville.Bonds bearing interest at the rate of seven (7)per cent per annum payable on or before twelve (12)years from date of issue shall be issued for the payment of the costs and expenses of 286. I i ,"i such improvement,under'the,mode of Payment by Bonds,as defined by law,which bonds shall be redeemed by the collection of special ass- essments to be levied and assessed upon the property within said dis- trict.Payment for said improvement shall be made in the first in- stance by warrants 'drawn upon said local improvement fund,which warrants shall bear interest at the rate of 7 %per cent per annum. The bonds shall be delivered to the contractor in redemption of war- rants issued on the estimates oft the Tow;n Engineer or the Town of Marysville may,at it~ption,sell such bonds and make such redemption in cash.. SECTION 6.The Town Treasurer shall upon receipt of an assess_ ment roll therefor,pUblish a notice in the official newspaper of the Town of Marysville for two (2)consecutive w~pks that such roll is in his hands for collection and that any assessments thereon or any portion of any assessment may be paid·at any time Within thirty (30) days from the date of the first publication of said notice Without interest,penalty or cost,and that unless payment be made wi thin such time,the sum remaining unpaid thereafter may be paid in equal annual installments the mumber of which annual installments shall be two (2)less than the number of years which said bonds are to run,or the lien of any such assessment may be discharged at any time after said thirty (30)days,by paying the entire unpaid portion thereof, with all penalty and cost attaching,together wi th all interest there on to da te of delinquency of th e installemen.t thereof next falling due.The first installment shall become due and payable dUTing the. thirty (30)day period,succeeding a date one year from the dat e of the first publication of such notice and annually thereafter each succeeding installment shall become due and payable in like manner. If the whole or any portion of any assessment remains unpaid after the first thirty (30)day period herein prtDvided for,interest upon the whole unpaid sum shall be charged at the rate of seven (7%)per annum and each year thereafter one of said installments,together .wi ththe interest due upon the whole of the unpaid balance,shall be collected.Any installment not paid prior to the expiration of the thirty (30)days period,during which such installmatt is due:p~y­ able,shall thereupon become delinquent.All delinquent installments shall until paid be subject to a charge for interest at the bond rll1te,as herein specified from the date of delinquency until the date of delinquency of the installment next falling due after"the payment of such installment and to an add it ional charge of five per cent (5%)peralty,levied upon both principal and interest due on suoh installment or installments.. SECTION 7.All assessments or installments in said Local Improve- ment District which shall become delinquent shall be foreclosed and collected in the manner provided by law and by the Ordinances,of tbe Town of MarySVille.,' --_,•...-,.,..',-,,..---------~ SECTION 8.Any contract or contracts for the work to be done in Local Improvement District No. 37 may be let to the lowest r-epcns L; bile bidder therefor,the Town of j,Carysville reserving the right'to reject any or all ,bids,before awarding any contract or contracts the Town Clerk shall cause to be pUblished in the Official newspaper of said 'I'own a notice for at least am issue before the letting.of .such contract or contracts inviting sealed proposals for such work. SEC1'ION 9.That the sa id improvement shall be made by the Town of MarySVille under the supervision of the Mayor and Town Council of said. Town and such SUb-committees,person or persons as may be properly designated. SECTION 10.All ordinances or parts of ordinances in conflict her e, with are hereby repealed. SEC1'ION 11.Thi s Ordinances shall take effect 'and be inforce from and after its passage,approval and publication as required by law. PASSED and approved this 7th day of January,1929. A. C.Millican -Mayor I i j 1 ! Published.Jan.10,1929.;I;W.S.Myer s - Town ClerkATTEST: I I I Il __.__~__.