HomeMy WebLinkAboutORD 0450 .. - .
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, (Iniprovement Orclinance Bond Fo�•m.)
' 0&DINANCE I30. _._.��O
:�\ ORDI\ANCE PROVIDING FpR TIlE I_IIPROVF..ITE\T OF
Forth Avenue ,North,from Mills stree� to the City limit,s on �%�e
east by grading and gravelling the said portion of said Fourth
Avenue
� x�x � . � � �, � � � � �
all in accorclance ���itli R�esolution \o. ___21_�_... of the ('ity (�otuteil ��f tllc City of R�enton, creatin,� �� local
improvemeiit district therefor, and providing that payment for said iinprovement be m�de b,y special �ssess-
ments lipon property in saicl district payable bv the rnode of "Ysymer�t bv I3onds."
T�II� CIT�' G01'\CIL OIP' :L''�IE CIT�' OF KE\TO\ I�OI,�S ORD aI\ �S FOI.LO��V�:
Sect�on 1: r1���t Fourth A�enue,North, fro� �i3.1<3 street to the _cit;�
limits on thhe ea�t,be improved by grading and gravelling tt-�e said
��ortinn of s�id Fourth Avenu�
:
�. ,,.Y�xx ; : � : �x .�;.?�'� r .. . . —�°������'����` .,:.;-'�`���:x�.�'�x�. ,��.,ti
and that such other �vork be done as may be necessary iu connection the��e�vith, according to the plans and
specificatio s �th��re� �yprepared nuder the direc�ion of t1�e Cit� .I�:nbineer�and o file in tlle offic�,of the City f�
Clcrk. �,D���,,,�,�,.r^,_,�i: ^_,.,io iL�.�..�,i*'.�ey.�c.e.�-rzr�.� ��+ �L;,�, � ,S�(�'s/�,,.i�4�C�in�'+'�k„e, fa„��-�n,5� _
� � � L2� ��.
Sectioii 2: '1'hat thc cost and expense of said improveii�ent, inclndina all necessary ancZ incidental e�-
penses, shall be borne by ancl assessed a�gainst the propert�� included in the assessinent district hereinafter
created in accordance with law. The City of Renton shall not be li�ble in arly rnanner for any portion of the
cost and expense of said improvement, e�x�ep�_..�s:l�►er.�ia��et}. �
(;,,�P„+ �,,,,n.�-;�� ��o�ar-contri�ution f�a�,tl�,�n.e.�l.Funel-�� any) `
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Section 3: Th��t,.th��r�� �s hereby established a local iinprovement district to be called "Locai Impi°ove- �
�
ment District \o. __.�. _-'_____," �-hich said district is described as follows: "=
"r�ll thc� property bettiveen the termini of said iinprovement abtittin� npon, adja�cent, vicinal or proxi- `��
niate to sucb portion of said streets and avenues to a distance back from the marg�inal lines thereof, as pro-
�•icled by law." -
�Section �: Bonds bearing interest at the rate of ___.�_____ per cent. per anrinm payable on or before �
_._.______.__.____.. years from the clate of issnance shall be issued iri payment of the cost and expense of this __��
improvement, which bonc�s shall be redeemed by the collection of special assessments to be levied and assesse�l
=
t�pon the property within said clistrict, payable in ______�____._._.__ equal annual insta�llxrients with interest �at the
rate of __._�,�_�_g_�____ per cent. per annum under the mode of "Payment by Bonc�s," as defined by law and the �'-�
charter and ordinances of the City of R,enton. These bonds shall be delirered to the contr2ctor in redemption
of warrants on the Local Improvement District Fund issiied on e�stimates of the City E�ngineer, or the City
�f R�ent�»> ni:��-, .it its ele�tion, sell said boncls anc� make such redemption in cash. � - �
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` ly " Sectioii � This ordinance Shall be in full force anc� effect five (5) days from��and� LL _ - - (,
I � after its passage,
ll�proval anc le�al publication. � �
���proved this .-- -/�.7_ - �� � - day of --;���A- - - -- - > 191..�_.
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lTayor.
Passed this .........�..�..,....... day of -----..-1/.._�'?`4-----------> 191--�_.
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J City Clerk.
Date of first publication _. ....._.��`��._.fp '" f.�� .}
. ......... ... ... .../. __.c.
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