HomeMy WebLinkAboutO-0285 - Improving street (Special)(
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ORDINANCE No.285.
Commencing at the rr#corner of Block 5,Quinn's Second
Addi ti on to the 'l'own of Marysville;,thence East 193.75 feet'
along the North line said Block 5;thence South parallel to and
193.75 feet East of the East line of Union Street in said Add-
ition to the South line of said Q;uinn's Second Addition,thence
continu<Jng in the same straight line to a point 130 feet south
of the said South line of said ~uinn's Second Addition;thence
West',parallel to and distant 130 feet south of said Q.uinn's
Second Addition for a distan~e 443.75 feet;thence North,par-
allel to and 175 feet West of the West line of said Union Street
to the South line of Fifth Street;thence East along the said
South line of )fifth Street to the point of beginning,situated
in Snohomish County,"ash tngton ,
SECTION 4.A special fund is hereby created to be called Local Im~
prove~entDistrict Fund No.40,which shal~onsist in the aggregate of,
the several amounts assessed,levied and collected on the several lots
and parcels of land in said local improvement district for the purpo~e
of defraying the costs and expenses of such improvement.Out of such
funds shall be paid the bonds,the interest thereon and the entire
costs of such improvement.
SECTION 5.The costs and expense of such improvement shall be de~
frayed by special assessments,payable in ten equal annual installments
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 ordamances of
the Town of Marysville.Bonds bearing interest at the rate of seven per
cent per annum payable on or before twelve years for the payment of the
costs and expenses of such improvement,under the mode of Payment by
Bonds,as defined by law,which bonds shall be ftedeemed by the collect-
ion of special assessments to be levie~nd assessed upon the property
within said district.Payment for said improvement shal!be made in the
first instance by warrants drawn upon said local improvement fund,which
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warrants shall bear intep~st ~t the r~te of ,seven per cent per annum.
The Bonds shall be delivered to the contractor in r-edemptron of warp.
rants issued on estimates of the Town Engineer,or the '1'own 0.1'Marys-
ville may,at its option,seiH such bond?nd make such redemption in
cash..
SECTION 6.The Town Treasurer shall upon receipt or the assess-·
ment roll the.rfor,publish a notice in the official newspaper of the
:&'own at Marysville for two consecutive weeks that such roll is in his
hands for collection and that any assessment or any portion of any ass-
essm.al!J.t may be paid at any time within thirty days from the date of the
first publication of said notice.wit):lOUt interest,'penalty or cost and
that unless payment be made within such time,the sum remaining unpaid
thereafter may be paid in equal annual installments the number of which
annual installments shall be two 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 thirty days,by paying the entire unpaid portion thereof ~i
with all penalty and cost attaching,together with all interest thereon to I,r ;
date of delinguency of the installment thereof next falling due.The first',)
installment shall become due and payable during the.thirty dayperi6d,
succeeding date one year from the date ofthe first publication of such
noti ce and annually thereafter each succeeding.il;zb.stallment shall become
due and payable in like manner.If the whole or any portion of any ass-
essment remains unpaid after the first thirty day period ~erein provided
fOr,interest upon the whole unpaid sum shall be'charged at the rate of
seven per cent per annum and each year thereafter one of said installments,
together with the interest due upon th e whole of the unpaid balauoeshall be
collected.Any installment not paid prior to the expiration of.the thirty
days period,during which such installment is due and payable..:shall there-
upon become delinquent.All delinquent installments shall until paid be
SUbject to a charge for interest at the bond rate,as herein SP'eeified,
from the date of delinquency until the date of delinquency of the.install-
ment next falling due after the paym~nt of such installment,and to an
additional charge of five per cent penalty,levied upon both principal
and interest due on such installment or installments.
SECTION 7.All assessment s or installments in said local improvement
district which shall become delinquent shall be foreclosed and collected
in the manner provided by law and by the ordinances of the Town of Jli·arys-
ville.
SECTIONS...AnY contrE!ct or centracts for .the work to be dane in Local
Improvement District No.40 may be let to the lowest responsible bidder
therefor,the 1'own at Marysville reserving the right to reject any or all
bids.Before awarding any contract or cnntractsthe Town Clerk shall cause
to be Published in the official newspaper of said 'l'own a notice.ror at
least one issue Defore .the letting of such contract or contracts inviting
sealed proposals.for such work.
trom and
by the ,I'own of
Council of said
be properly designated.
(SECTION 10.'rhis ordinance shall take effect and be in force
after its passage,approval and publication as required by law.
SECTION 9.That the said improvement shall be made
Marysville under the supervision of the Mayor and Town
Town and such aub-committees,person or persons as may
PASSED and approved this 4th day of March,1932.
H.D.Lackey
Mayor
ATTEST:
W.S.Myers
Town Clerk
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