HomeMy WebLinkAboutO-0819 - Consolidated utility local improvement districts and warrants (Special)<,
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ORDINANCE NO m.
ORDINANCE OF THE CITY OF MARYSVILLE
PROVIDING FOR CHANGING LOCAL IMPROVE-
MENT DISTRICTS 56,57 AND 58 TO
UTILITY LOCAL IMPROVEMENT DISTRICTS
56,57 AND 58,PROVIDING FOR A CONSOL-
IDATION OF THE UTILITY LOCAL IMPROVE-
MENT DISTRICTS 56-57-58 FOR THE PUR-
POSE OF THE SALE OF BONDS,PROVIDING
FOR THE METHOD OF ASSESSMENT IN EACH
OF SAID DISTRICTS,PROVIDING THAT PAY-
MENT OF SAID IMPROVEMENTS BE MADE BY
SPECIAL ASSESSMENTS ON THE PROPERTY IN
EACH OF THE RESPECTIVE DISTRICTS,PAY-
ABLE BY THE MODE OF BONDS AND PROVID-
ING FOR THE ISSUANCE AND SALE OF LOCAL
IMPROVEMENT DISTRICT WARRANTS REDEEM-
ABLE IN CASH OR UTILITY LOCAL IMPROVE-
MENT DISTRICT BONDS
WHEREAS,the Clty of Marysvllle has created by Ordlnance
Local Improvement Dlstrlcts Nos 56, 57,and 58,and
WHEREAS,Chapter 52,Sectlon 28,Laws of the State of
Washlngton of 1967 CRCW 35 43 043)authorlzed the changlng of a
local lmprovement dlstrlct lnto a utlllty local lmprovement dlstrlct
prlor to orderlng approval and effectlng the flnal assessment roll
of such lmprovement dlstrlct,and It appearlng In fact that there
has not been such an ordlnance adopted wlthln the Clty as to any
one of the sald three dlstrlcts,and further,sald statute requlres
payment of the speclal assessments levled In that dlstrlct lnto a
speclal fund to be establlshed for the payment of revenue bonds
lssued to defray the costs of the local lmprovement In that dlstrlct,
and
WHEREAS,Chapter 44,Laws of the State of Washlngton of
1967,Extra Sesslon CRCW 35 45 160)authorlzed'the establlshment
*'
of local Improvement dIstrIcts for the purpose of IssuIng bonds
only,and provIdes that If the governIng body of any munIcIpalIty.
ordered the creatIon of such consolIdated local Improvement dIS-
trIcts,the money receIved from the Installment payment of the
prIncIpal and of Interest on assessments levIed wIthIn the orIgInal
local assessment dIstrIct shall be deposIted In a consolIdated
local Improvement dIstrIct bond redemptIon fund to be used to redeem
outstandIng consolIdated local Improvement dIstrIct bonds,and
WHEREAS,the publIC Interests would best be served by
changIng the local Improvement dIstrIcts to utIlIty local Improve-
ment dIstrIcts and consolIdatIng the same,
NOW,THEREFORE,THE CITY COUNCIL OF THE CITY OF MARYSVILLE
DO ORDAIN AS FOLLOWS
SectIon 1 That Local Improvement DIstrIct No 56 was
establIshed by Ordinance No 794,WhICh was passed on the 9
day of July ,197j,for a specIfIcally descrIbed area to be
benefIted for the followIng proJect of provIdIng materIals,labor
and appurtenances for a sewer maIn,generally deSIgned as follows
A 14"sewer maIn and appurtenances on Shoultes Road
from the present termInus north approxImately 280 feet
to 172nd Street N E ,thence along and In saId l72nd
St NEWest approxImately 5,268 feet to Old HIghway
99,thence an 8"sewer maIn In l72nd Street N.E from
Old HIghway 99 approxImately 400 feet West A 10"maIn
In Old HIghway 99 from l72nd St N E approxImately
795 feet to l74th St N E A 10"maIn In Old HIghway
99 from l72nd St N E approxImately 2,186 feet south
A 4"lIne In Old HIghway 99 from l72nd St N.E approxI-
mately 1,660 feet south An 8"lIne In l73rd St.N E
from Old HIghway 99 approxImately 508 feet west A
pump statIon on Old HIghway 99 approxImately 730 feet
south of l69th St N E
The CIty reserved the rIght wIthout ordInance to change the locatIon
of saId lInes,appurtenances or Improvements,and by thIS OrdInance
hereby ratIfIes the above descrIbed Improvement Further,that saId
Local Improvement DIstrIct No 56 be and the same IS hereby converted
to UtIlIty Local Improvement DIstrIct No 56
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SectIon 2 That Local Improvement DIstrIct No 57 was
establIshed by Ordinance ~o 797 ,WhICh was passed on the I)
day of August ,197),for a specIfIcally descrIbed area to be
benefIted for the follOWIng proJect of provIdIng materIals,labor,
and appurtenances for a water ma~n.generally desIgned as follows
A 10"lIne In Old PacIfIc HIghway from l80th St N.E
approxImately 7,476 feet to 27th Ave.N E.,thence In
27th Ave N E approxImately 2,330 feet to 2l2th St
N E ,thence In 2l2th St N E approxImately 1,400 feet~~to a pOInt 2,005 feet west,and thence from that loca-
tIon an 8"lIne In 2l2th St N.E approxImately 520 feet
to the West,and thence an 8"pIpe In 2l2th St.N.E.
from a pOInt 1,665 west of Old HIghway 99 and 30 feet
south due north approxImately 95 feet
The CIty reserved the rIght WIthout ordInance to change the locatIon
of saId lInes,appurtenances or Improvements,and by thIS OrdInance
hereby ratIfIes the above descrIbed Improvement,and further,that
saId Local Improvement DIstrIct No 57 be and the same IS hereby
converted to UtIlIty Local Improvement DIstrIct No 57
SectIon 3 That Local Improvement DIstrIct No 58 was
establIshed by Ordinance No.814,WhICh was passed on the 11
day of Februar1 ,1974,for a speCIfIcally descrIbed area to
benefIted for theollowlng proJect of prOVIdIng materIals,labor
and appurtenances for a sewer maIn,generally deSIgned as follows
be
A 24"sewer maIn and appurtenances,from Shoultes Road
along QUIl Ceda Creek for approxImately 1,350 feet to
48th Place,thence a 24"lIne from 48th Place for
approxImately 3,000 feet to the margIn of Old HIghway
99,thence a 21"lIne In Old HIghway 99 for approxImately
1,500 feet to l28th,thence an 18"lIne In Old HIghway
99 from l28th St for approxImately 2,800 feet to
l36th St N E ,thence a 15"lIne In Old HIghway 99
from l36th N E approxImately 1,700 feet,thence a 12"
lIne In l36th N E from Old HIghway 99 approxImately
3,100 feet to the ArlIngton RaIlroad spur,an 8"pIpe
In l28th St N E from Old HIghway 99 approxImately
850 feet to the ArlIngton RaIlroad spur,an 8"lIne In
43rd Ave N E from the north lIne of saId SectIon 4,
TownshIp 30,Range 5 East,WM ,1~00 feet north
The CIty reserved the rIght WIthout ordInance to change the locatIon
of saId lInes,appurtenances or Improvements,and by thIS OrdInance
hereby ratIfIes the above descrIbed Improvement,and further,that
saId Local Improvement DIstrIct No 58 be and the same IS hereby
converted to UtIlIty Local Improvement DIstrIct No 58
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•
Sect~on 4.For the purposes of ~ssu~ng bonds only,the
aforedescr~bed Util~ty Local Improvement D~str~cts 56,57 and 58 are
hereby consol~dated ~nto a Consol~dated Ut~l~ty Local Improvement
Dlstrlct to be known and deslgnated as "Consolldated Utlllty Local
Improvement Dlstrlcts Nos 56,57 and 58
SectIon 5 There IS hereby created and establlshed In the
offlce of the city Treasurer of the Clty of Marysvllle a Consoll-
dated Utll~ty Local Improvement Dlstrlct fund to be known and deslg-
nated as "Consolldated Utlllty Local Improvement Fund,DIstrlct No
56,57 and 58"All monles presently on hand,If any,represent~ng
colleetlons pertalnlng to assessments for each of saId dIstrlcts named
In Sectlons 1,2 and 3 above,shall be transferred to and deposIted
~n "ConsolIdated UtIlIty Local Improvement Fund,DIstrIct No 56,57
and 58",and all collectIons pertaInIng to assessments on the assess-
ment rolls of UtIlIty Local Improvement DIstrIct No 56,of UtIlIty
Local Improvement DIstr~ct No 57,and of UtIlIty Local Improvement
DIstrIct No 58,shall,when hereafter receIved,be deposIted In the
"ConsolIdated UtIlIty Local Improvement Fund,DIstrIct No 56,57 and
58",to be used to redeem outstandIng ConsolIdated UtIlIty Local
Improvement DIstrIct Nos 56,57 and 58 bonds
SectIon 6 In accordance wIth the provIsIons of SectIon
7 of Chapter 258,Laws of WashIngton,1969,1st Ex Sess ,the CIty
may use any method or comblnat~on of methods to compute assessments
WhICh may be deemed to faIrly reflect the specIal benefIts to the
propertIes beIng assessed,whlch shall be used to pay the bonds
therefor
SectIon 7 ConsolIdated UtIlIty Local Improvement dlstrltt
warrants shall be Issued In payment of that portIon of the cost and
expense of the Improvements hereIn ordered to be assessed,such warrants
to be payable out of the "ConsolIdated Improvement Fund,DIstrIct Nos
56,57 and 58",hereInafter created,to bear Interest from the date
thereof at a rate to be hereafter fIxed by ordInance not exceedIng
the maXImum rate permItted by law and to be redeemed In cash,and/or
by consolIdated utll1ty local Improvement dlstrlct bonds hereIn
authorIzed to be Issued,saId Interest-bearlng warrants to be here-
after referred to as "revenue warrants"Such bonds shall bear
Interest at a rate to be hereafter fIxed by ordInance not exceedIng
the maXlmum rate permltted by law,shall be payable on or before
20 years from the date of Issuance,the llfe of the Improvement
ordered beIng not less than 20 years,and shall be Issued
In exchange for and In redemption of any and all revenue warrants
Issued hereunder and not redeemed In cash wlth~n a perlod not to
exceed 60 days after the fIrst publlcatlon by the CIty Treasurer of
notlce that the assessment roll for each of sald utlllty local Im-
provement dIstrIcts 56,57 and 58 IS In hIS hands for collectlon
The bonds shall be redeemed by the collectIon of speclal assessments
to be levled and assessed upon the property wIthIn sald dlstrlcts,
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payable an 20 equal annual r.ns t al Imen t s ,wi th r n t er es t at a rate
to be hereafter flxed by ordlnance not exceedl.ng the maXlmum rate
permltted by law,under the mode of "payment by bonds,"as deflned
by law and the ordlnances of the Clty of Marysvl.lle In the case
of default ln the payment of any assessment when the same shall become
due,there shall be added lnterest at a rate to be hereafter flxed
by ordlnance not to exceed the maXlmum rate permltted by law and a
penalty of 6%WhlCh shall also be collected The exact form,amount,
date,lnterest rate and denomlnatlons of sald warrants and bonds
shall be hereafter flxed by ordlnance of the Clty Councll Sald
warrants and bonds shall be sold ln such manner as the Clty Councll
shall hereafter determlne.
Sectlon 8 All the work necessary to be done ln connectl0n
wlth the making of sald lmprovement shall be done by and made by
contract upon competltlve blds and the Clty shall have and reserves
the rlght to reJect any and all blds The call for blds for work
authorlzed pursuant to thlS ordlnance shall lnclude a statement that
payment for sald work shall be made ln cash warrants drawn upon the
"Consolldated Improvement Fund,Dlstrlcts Nos 56,57 and 58 "
Sectlon 9 There lS hereby created and establlshed ln the
offlce of the City Treasurer of the Clty of Marysvllle for each of
Utlllty Local Improvement Dlstrlctss Nos 56,57 and 58,a speclal
fund to be known and deslgnated as "Consolldated Improvement Fund,
Dlstrlct Nos 56,57 and 58,lnto WhlCh fund shall be deposlted the
proceeds from the sale of revenue warrants drawn agalnst that fund
whl.ch may be lssued and sold by the Clty and collectlons pertalnlng
to assessments,and agalnst WhlCh fund shall be lssued cash warrants
to the contractor or contractors In payment for the work to be done
by them ln connectl0n wlth sald lmprovement,and agalnst WhlCh fund
cash warrants shall be lssued In payment of all other ltems ~f
expense ln connectlon wlth sald lmprovement
Sectlon 10 ThlS Ordlnance shall take effect from and
after passage and five (5)days followlng publlcatlon as requlred
by law
PASSED by the Clty Councll of the Clty of Marysvllle,
Mayor
Q~,1974
l/
CITY OF MARYSVILLE
BY~~~
day ofWashlngton,thlS ~
ATTEST
ciftt£~~
~mR_M_
C~
....
ORDINANCE NO f /1
ORDINANCE OF THE CITY OF MARYSVILLE
PROVIDING FOR CHANGING LOCAL IMPROVE-
MENT DISTRICTS 56,57 AND 58 TO
UTILITY LOCAL IMPROVEMENT DISTRICTS
56,57 AND 58,PROVIDING FOR A CONSOL-
IDATION OF THE UTILITY LOCAL IMPROVE-
MENT DISTRICTS 56-57-58 FOR THE PUR-
POSE OF THE SALE OF BONDS,PROVIDING
FOR THE METHOD OF ASSESSMENT IN EACH
OF SAID DISTRICTS,PROVIDING THAT PAY-
MENT OF SAID IMPROVEMENTS BE MADE BY
SPECIAL ASSESSMENTS ON THE PROPERTY IN
EACH OF THE RESPECTIVE DISTRICTS,PAY-
ABLE BY THE MODI OF BONDS AND PROVID-
ING FOR THE ISSUANCE AND SALE OF LOCAL
IMPROVEMINT DISTRICT WARRANTS REDEEM-
ABLE IN CASH OR UTILITY LOCAL IMPROVE-
MENT DISTRICT BONDS
WHEREAS,the C1ty of Marysv111e has created by Ord1nance
Local Improvement D1str1cts Nos.56, 57,and 58,and
WHEREAS,Chapter 52,Sect10n 28,Laws of the State of
Wash1ngton of 1967 CRCW 35.43.043)author1zed the chang1ng of a
local 1mprovement d1str1ct 1nto a ut111ty local 1mprovement d1str1ct
pr10r to order1ng approval and effect1ng the f1na1 assessment roll
of such 1mprovement d1str1ct,and 1t appear1ng 1n fact that there
has not been such an ord1nance adopted w1th1n the C1ty as to any
one of the sa1d three d1str1cts,and further,sa1d statute requ1res
payment of the spec1a1 assessments lev1ed 1n that d1str1ct 1nto a
spec1al fund to be establ1shed for the payment of revenue bonds
1ssued to defray the costs of the local 1mprovement 1n that d1str1ct,
and
WHEREAS,Chapter 44,Laws of the State of Wash1ngton of
1967,Extra Sess10n CRCW 35.45.160)author1zed the establ1shment
___..............,.-..-......__.."J..... _ ....,_............~~_
.."
of local 1mprovement d1str1cts for the purpose of 1ssu1ng bonds
only,and prov1des that 1f the govern1ng body of any mun1c1pa11ty
ordered the creat10n of such consol1dated local 1mprovement d1s-
tr1cts,the money rece1ved from the 1nstallment payment of the
pr1nc1pal and of 1nterest on assessments lev1ed w1th1n the or1g1nal
local assessment d1str1ct shall be depos1ted 1n a consol1dated
local 1mprovement d1str1ct bond redempt10n fund to be used to redeem
outstand1ng conso11dated local 1mprovement d1str1ct bonds t and
WHEREAS,the pub11c 1nterests would best be served by
chang1ng the local 1mprovement d1str1cts to ut1l1ty local 1mprove-
ment d1str1cts and conso11dat1ng the same,
NOW,THEREFORE,THE CITY COUNCIL OF THE CITY OF MARYSVILLE
DO ORDAIN AS FOLLOWS
Sect10n 1.That Local Improvement D1str1ct No 56 was
estab11s~d by Ordinance No.7q~,wh1ch was passed on the q
day of ~t 197J,for a spec1f1cally descr1bed area-ro-De
benef1te~the follow1ng proJect of prov1d1ng mater1als,labor
and appurtenances for a sewer ma1n t generally des1gned as follows
A 14"sewer ma1n and appurtenances on Shoultes Road
from the present term1nus north approx1mately 280 feet
to l72nd Street N.E.,thence along and 1n sa1d l72nd
St.NEWest approx1mately 5,268 feet to Old HIghway
99 t thence an 8"sewer maIn 1n l72nd Street N.E.from
Old H1ghway 99 approxImately 400 feet West A 10"ma1n
In Old HIghway 99 from l72nd St.N E approxImately
795 feet to 174th St.N.E A 10"maIn In Old HIghway
99 from 172nd St.N E approx1mately 2,186 feet south.
A 4"l1ne 1n Old H1ghway 99 from 172nd St.N.E.approx1-
mately 1,660 feet south An 8"lIne 1n l73rd St.N E.
from Old HIghway 99 approx1rnately 508 feet west A
pump statIon on Old HIghway 99 approxImately 730 feet
south of 169th St.N.E.
The CIty reserved the rIght wIthout ordInance to change the locatIon
of saId lInes,appurtenances or 1mprovements,and by th1s OrdInance
hereby rat1f1es the above descrIbed 1rnprovement.Further,that saId
Local Improvement D1str1ct No. 56 be and the same 1S hereby converted
to UtI11ty Local Improvement D1str1ct No.56.
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."..~-""--.....----..---""",,'It i
be
SectIon 2.That Local Improvement D1.str1.ct No. 57 was
es t abLashe d by Ordinance No 7'17,WhICh was passed on the /.:?
day of ~,197J,for a SpeC1.fICally descrIbed area to be
benefIted ~ollowIng proJect of provld1.ng materIals,labor,
and appurtenances for a water maIn,generally des1.gned as follows
A 10"lIne In Old PaCIfIC HIghway from l80th St N.E.
approxImately 7,476 feet to 27th Ave N E.,thence In
27th Ave N.E.approx1.mately 2,330 feet to 212th St.
N E.,thence 1.n 2l2th St.N E approxImately 1,400 feet
to a pOInt 2,005 feet west,and thence from that loca-
tIon an 8"l1.ne 1.n 212th St.N.E approx1.mately 520 feet
to the West,and thence an 8"p1.pe In 2l2th St.N.E.
from a p01.nt 1,665 west of Old HIghway 99 and 30 feet
south due north approxImately 95 feet.
The CIty reserved the rIght wIthout ordInance to change the locatIon
of saId lInes,appurtenances or Improvements,and by thIS OrdInance
hereby rat1.fIeS the above descrIbed Improvement,and further,that
saId Local Improvement DIstrIct No. 57 be and the same IS hereby
converted to UtIlIty Local Improvement DIstrIct No.57.
,Sect~on 3 That Local Improvement DIstrIct No. 58 was
establlshe~by Ordinance No R/¥,wh~ch was passed on the 1/
day of ~~,1974,for a speCIfIcally descrIbed area to
benefIted ~ollowlng proJect of prOVIdIng materIals,labor
and appurtenances for a sewer maIn,generally desIgned as follows
A 24"sewer maIn and appurtenances,from Shoultes Road
along QUIl Ceda Creek for approxImately 1,350 feet to
48th Place,thence a 24"lIne from 48th Place for
approxImately 3,000 feet to the margIn of Old HIghway
99,thence a 21"lIne In Old HIghway 99 for approxImately
1,500 feet to l28th,thence an 18"lIne In Old HIghway
99 from l28th St for approxImately 2,800 feet to
l36th St N.E ,thence a 15"lIne In Old HIghway 99
from l36th N.E approxImately 1,700 feet,thence a 12"~
lIne In 136th N.E from Old HIghway 99 approxImately
3,100 feet to the Arl1.ngton Ra1.lroad spur,an 8" p1.pe
1.n l28th St.N.E.from Old H1.ghway 99 approx1.mately
850 feet to the ArlIngton RaIlroad spur,an 8"lIne 1.n
43rd Ave N E.from the north lIne of saId SectIon 4,
TownshIp 30,Range 5 East,W M.,1~00 feet north
The CIty reserved the rIght wIthout ordInance to change the locatIon
of saId lInes,appurtenances or Improvements,and by thIS OrdInance
hereby rat1.fleS the above descrIbed Improvement,and further,that
sa1.d Local Improvement DIstrIct No. 58 be and the same IS hereby
converted to UtIlIty Local Improvement DIstrIct No.58.
,.
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Sectl0n 4.For the purposes of Issulng bonds only,the
aforedescribed Utillty Local Improvement DIstrIcts 56,57 and 58 are
hereby consolldated Into a Consolldated Utlllty Local Improvement
DIstrIct to be known and desIgnated as "Consolldated UtIlIty Local
Improvement Dlstrlcts Nos.56,57 and 58.
Sectl0n 5 There IS hereby created and establIshed In the
offIce of the City Treasurer of the Clty of MarysvIlle a ConsolI-
dated UtIlIty Local Improvement Dlstrlct fund to be known and deslg-
nated as "Consolldated Utll1ty Local Improvement Fund,DIstrIct No
56,57 and 58"All monIes presently on hand,If any,representJ.ng
collectlons pertaInIng to assessments for each of sald dlstrlcts named
In SectIons 1,2 and 3 above,shall be transferred to and depOSIted
In "Consolldated Utlllty Local Improvement Fund,DIstrIct No 56,57
and 58",and all collectlons pertalnlng to assessments on the assess-
ment rolls of Utll1ty Local Improvement Dlstrlct No 56,of UtIlIty
Local Improvement DIstrIct No.57,and of UtIlIty Local Improvement
DIstrIct No.58,shall,when hereafter receIved,be depOSIted In the
"ConsolIdated UtIlIty Local Improvement Fund,Dlstrlct No.56,57 and
58",to be used to redeem outstandIng ConsolIdated UtIlIty Local
Improvement DIstrIct Nos.56,57 and 58 bonds.
SectIon 6.In accordance wIth the prOVIsIons of SectIon
7 of Chapter 258,Laws of WashIngton,1969,1st Ex.Sess ,the CIty
may use any method or combInatIon of methods to compute assessments
WhICh may be deemed to faIrly reflect the specIal benefIts to the
propertIes beIng assessed,WhICh shall be used to pay the bonds
therefor
SectIon 7.ConsolIdated UtIlIty Local Improvement dlstrltt
warrants shall be issued In payment of that portIon of the cost and
expense of the Improvements hereIn ordered to be assessed,such warrants
to be payable out of the "ConsolIdated Improvement Fund,DIstrIct Nos.
56,57 and 58",herelnafter created,to bear Interest from the date
thereof at a rate to be hereafter fIxed by ordInance not exceedIng
the maXImum rate permItted by law and to be redeemed In cash,and/or
by consolIdated utIlIty local Improvement dIstrIct bonds hereIn
authorIzed to be Issued,saId Interest-bearIng warrants to be here-
after referred to as "revenue warrants."Such bonds shall bear
Interest at a rate to be hereafter fIxed by ordlnance not exceedIng
the maXImum rate permItted by law,shall be payable on or before
~o years from the date of Issuance,the lIfe of the Improvement
or ered beIng not less than -?o years,and shall be Issued
In exchange for and In redemption of any and all revenue warrants
Issued hereunder and not redeemed In cash wIthIn a perIod not to
exceed 60 days after the fIrst publIcatIon by the CIty Treasurer of
notIce that the assessment roll for each of saId utIlIty local Im-
provement dlstrlcts 56,57 and 58 IS In hIS hands for collectIon
The bonds shall be redeemed by the collectl0n of speclal assessments
to be levIed and assessed upon the property wIthln saId dIstrlcts,
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.",
payable In equal annual Installments,wIth Interest at a rate
to be hereafter fIxed by ordInance not exceedIng the maXImum rate
pe rnu tted by law,under the mode of "payment by bonds,"as de f m ed
by law and the ordInances of the CIty of MarySVIlle.In the case
of default In the payment of any assessment when the same shall become
due,there shall be added Interest at a rate to be hereafter fIxed
by ordInance not to exceed the maXImum rate permItted by law and a
penalty of 6%WhICh shall also be collected.The exact form,amount,
date,Interest rate and denomInatIons of saId warrants and bonds
shall be hereafter fIxed by ordInance of the CIty CounCIl.SaId
warrants and bonds shall be sold In such manner as the CIty CounCIl
shall hereafter determIne
Sect10n 8.All the work necessary to be done 1n connectIon
w1th the making of saId Improvement shall be done by and made by
contract upon competItIve bIds and the CIty shall have and reserves
the rIght to reJect any and all b1ds.The call for bIds for work
authorIzed pursuant to thIS ordInance shall Include a statement that
payment for saId work shall be made In cash warrants drawn upon the
"ConsolIdated Improvement Fund,DIstrIcts Nos 56,57 and 58 "
SectIon 9.There IS hereby created and establIshed In the
offIce of the City Treasurer of the CIty of MarySVIlle for each of
UtIl1ty Local Improvement DIstrIctss Nos 56,57 and 58,a speCIal
fund to be known and desIgnated as "Conso11dated Improvement Fund,
DIstrIct Nos.56,57 and 58,Into WhIch fund shall be deposIted the
proceeds from the sale of revenue warrants drawn agaInst that fund
whIch may be Issued and sold by the CIty and collectIons pertaInIng
to assessments,and agaInst whIch fund shall be Issued cash warrants
to the contractor or contractors In payment for the work to be done
by them In connectIon WIth saId Improvement,and agaInst WhIch fund
cash warrants shall be Issued In payment of all other Items Qf
expense In connectIon WIth saId Improvement.
SectIon 10.ThIS OrdInance shall take effect from and
after passage and five (5)days followIng publIcatIon as requ1red
by law.
PASSED by the CIty CounCIl of the CIty of MarySVIlle,
WashIngton,thIS
ATTEST
City Clerk
APPROVED AS TO FORM
ci ty Atto rney
day of ,1974.--------
CITY OF MARYSVILLE
By
Mayor