HomeMy WebLinkAboutORD 1172 - . .: S.�{=. * s � �
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� llmprove�nent Ordinance Bc�nd Formj i
O1�DINANGE N�.---1172- - ----
�N ORDIN��`CE PROVIDING FOR TI3E ID�IPROVE_lIL1T OI'
"riest side of Renton �venue from the North line o� ^r�_�:.t �? ;�rest
af �lat �l, Renton Co-operative Coal compGn;T' s _��cr� �r:�cts, t�erce
south ta �eattle Ti�e T ine �ci�ht of. ";'�.;.P
1��f1�tRXr,�F'ss,�,3C,76'3CXf�i�'if� ��£��13rX' �C) bY ��X���--�:�ik��Y�-t'-i��u�c�i��r?�
(�C?15��'L'.C�1C3n Of' _. ��T ��a.Tllt�"�'�T .�?'iJv-^�'
�i11 in aucordance ���ith Kesolution �o. .�'�9�_..__. oY tlie Cit.y Cc�ttncil of the City of Rer.t�:>�i, ��z�eatin5 �i lcc��l
improvement district therefor, and �roviding that payment for said improvement i�e ivadc-, b�- speciai
;assessinents upon property in said district payable by the nlade of "Payment by BondS."
THE CTTI' COtiNCIL OF' THE CITY OF RENTON DO�S ORDAIN AS FOLLO``:�:
sect�on i: Tz�at the �;uest side of Renton �venue �rom the i�orth line
of Tract #2, ���est of Plat �l, Renton Co-operative Coal �orapany's
�'1cre �racts, thence south to :3eattle �'ipe L�ne �i�ht of �.'ay,
��F�tX����tY�L�II���l`{'� be iiiiZ��•o�-ed t>�� 1� � �Y��LXi���KX'
construction of a 6'' aar_i�ary Sesh�er
and that such otl�er ���ork be done as inay be necessary in connect=on therewitli, according to tlie t�lans and
specifications therefor prepared iiiider the direction of the City Engineer and on file in the office oY the Cit�
Clerle.
Section 2: That the cost aud expense of said iinprovement, including a.11 necessary and incider.tal
exgenses, shall be borne by and assessed against the pro�erty included in the assessinent district hei•ein-
after created in accordance with law. The City of Renton shall not be liabie in ztiny mauner i°or an�� por-
tion of the cost and expense of said improvement, except as herein provided.
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Seciion 3: That there is hereby established a local iml�roven.ent disirict to be called "Local Im-
proveinent District No.._.�Q�---.," which said district is described as follo���s:
`All the property Uetween the termini of said improvement aUutting upou, adjacent, vacinal or
prosimate to such portioii of said streets and avenues to a distance ba.cl� frorn �tlie marginal liues thereof, a�
i�rovided by law."
Section 4: Bonds beariug interest at the rate of.._._.6__._ per cent. ��er annum payable on or before
Se4en___.._._._years from the date of issuance shall be issued in payment of the cost aud expense of this
improvement, �r�hich bonds sha11 be redeemed by the collection of special assessinents to be levied and
�issessed upon the property within said district, pa�able in..__..5____,__equal annual installments with interest at
th� rate of____g�,_g.__._._per cent. per annum under the mode of "Payment by Iionds," as defined by law and
the charter and ordinances of the City of Rentou. These bonds shall be delivered to the contractor iu
, i•edemption of warrants on the Local Improvement District Fund issued on estimates of tue City l�.ugineer,
or the City�of Renton may, at its election, sell said bonds aud �ria�:e such redeinption iii casli.
Section 5: This ordinance shall be in ftill force and effect five (5) days from and after its passage,
ap��rova�t and leg�al publication.
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Approved this ------�IIC�-------_ day of-.-------�!`i£��'..�'i�----, 1 9 243-----• i
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l�assed this ----- 211L�------ day of _.._I�;arch- ---- ----- � 19�J.! --•
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Date of firfit �ublication...._14i3I`CYl._4_�__194�J � �
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