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HomeMy WebLinkAboutORD 13121 Nom__ -•it �. r ORDINANCE NO. AN ORDINANCE approving and confirming the assessment and assessment roll of Local Improvement District No. 224 for the improvement of portions of Airport Way, Lake Street and Tobin Avenue by installation of water main under Ordinance No. 1280; levying and assessing the amounts thereof against the several lots, tracts, parcels of land and other property as shown on said roll; establishing a local improvement fund; transferring funds from current funds to said local improvement fund as a loan and providifig--for repayment thereof. THE CITY COUNCIL OF THE CITY OF RENTON DOES ORDAIN AS FOLLOWS: Section 1. The assessment and assessment roll of Local Improve- ment District No. 224 for the improvement of Airport Waya-rd make Street from Airport Way to Tobin Avenue and thence east on Tobin Avenue 240' more or less to existing 41, water main, and certain parts of certain other streets and avenues, all in the City of Renton, by installation of Ott water main under Ordinance No. 1280, as the same now stands, be, and the same is, hereby in all things approved and confirmed. Section 2. Each of the lots, tracts, parcels of land and other property shown upon said roll is hereby declared to be specially benefited by said improvement in at least the amount charged against the same and the assessment appearing against the same is in proportion to the several assessments appearing upon said roll. There is hereby levied against each such lot, tract, parcel of land and other property appearing upon such roll the amount finally charged against the same thereon. Section 3. For the purpose of this improvement there is hereby created and established a special fund to be called "Local Improvement Fund, District No. 224,1' in which shall be deposited the sums collected under aforesaid assessments. Section 4. There is hereby appropriated and transferred from the current expense fund in the City Treasury the sum of 3, 9 z I• � 3 '� as a loan to aforesaid Local Improvement Fund, District No. 224, for the purpose of making immediate payment of the costs of said improve- ments, which loan shall bear interest at 3 per cent per annum and -1- shall be repaid from said Local -Improvement Fund to the said current expense fund, with interest, as and when funds become available from aforesaid assessments or otherwise for such repayment. Section 5. This Ordinance shall be in full force and effect five days from and after its passage, approval and publication. Passed by the City Council on the 16th day of March, 1948. WILEY CROOKJ City Clerk Approved by the Mayor on the 16th day of March, 1948. (;;D1;5w IV PERRY V MITCHELLf Mayor Approved as t;&Lmoi= I/J'44�� . ARTHUR L. HAUGAN, CiVk Attorney Date of Publication: March /;r —X, 1948.