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HomeMy WebLinkAboutORD 1254t (Improvement Ordinance Bond Form) t. ORDINANCE NO._ -__--.1254 AN ORDINANCE PROVIDING FOR THE IMPROVEMENT OF East side of Williams St. worth from 3rd to 4th Aves. North also 4th Avenue North on south side from Williams St. to Wells St. North (insert streets or portions thereof to be improved) by (specifying nature of improvement) sidewalks all in accordance with Resolution No ------- 652 -__-___of the City Council of the City of Renton, creating a local improvement district therefor, and providing that payment for said improvement be made by special assess- inents upon property in said district payable by the mode of `.`Payment by Bonds." THE CITY COUNCIL OF THE CITY OF RENTON DOES ORDAIN AS FOLLOWS: That the east side of Williams St. North from 3rd to 4th Aves. North also 4th Avenue North on south sidefrom Williams St. to Wells Ste (insert streets or portions thereof to be improved) be improved by (specifying nature of improvement) by construction of concrete sidewalks and that such other work be done as may be necessary in connection therewith, according to the plans and specifications therefor prepared under the direction of the City Engineer and on file in the office of the City Clerk. Section 2: That the cost and expense of said improvement, including all necessary and incidental ex- penses, shall be borne by and assessed against the property included in the assessment district hereinafter created in accordance with law. The City of Renton shall not be liable in any manner for any portion of the cost and expense of said improvement, except as herein provided. (insert appropriate proviso for contribution from the General Fund if any) Section 3: That there is hereby established a local improvement district to be called "Local Improve- ment District No._216_______," which said district is described as follows: "All the property between the termini of said improvement abutting upon, adjacent, vicinal or proxi- mate to such portion of said streets and avenues to a distance back from the marginal lines thereof, as pro- vided by law." Section 4: Bonds bearing interest at the rate of___ S 3.a -------- per cent per annum payable on or before ------ Sa ell.._.__years from the date of issuance shall be issued in payment of the cost and. expense of this improvement, which bonds shall be redeemed by the coQllection of special assessments to be levied and assessed upon the property within said district, payable in__ 1146 -----_--_-_equal annual installments with interest at the rate of____-S-ia----------- per cent per annum under the mode of "Payment by Bonds," as defined by law and the charter and ordinances of the City of Renton. These bonds shall be delivered to the contractor in redemption of warrants on the Local Improvement District Fund issued on estimates of the City Engineer, or the City of Renton may, at its election, sell said bonds and make such redemption in- cash. Section 5: This ordinance shall be in full force and effect five (5) days from and after its passage, approval and legal publication. Approved this__ 30th ------day of--------- 4ikt1;---------------------- ----- 194.6:_. -------------- Mayor Passed this ------30th ---day of -----------;F µ!-•-------------- ----194-6 0. -- City Clerk Date of first publication. ...... AUaUSt..Is ..a .946.o ................