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Home My WebLink AboutORD 0979 .�. � , . .� �;, t � f (Improvement Ordinance Bond Form) ' I ORDINANGE NO.-__._��9_________.__ Av ORDINANCE PROVIDING FOR THE IDZPBOVE➢IENT OF r�J rflLLU�':'ING _O�TIOiy 0�� iH� �ITY OF �TdTOIQ -to-wit: Beginning at tne intersection of center line of Williams Street � �:�.f,,�,�; IJorth and tne northerly right of way line of Comrsercial ��Jateruuay District No. 2 thence easterly along said right of way line to the _ G westerly ri�ht of way, line of �he Pacific Coast �t.ailroad; tnence � � northerly along said westerly right of vuay line to north rnargi:7.a1 � � line of Fourth Avernze iJorth; thence east along said northerly i � marginal line to the soutneast corner of Lot 22, Block 13, Car Woaks Addi�ion to Renton; thence north to northeast corner of said � aI,ot 22 and continuing to southeast corner of Lot 3 in said B1ocK ocai a 13; thence west along soutn line of said Lot 3 to the southeast ciai corner of I,ot 2 in said Block 13; thence nortn along east line �� , said Lot 2 and continuing to north line o_ Car lydorks �sddition; thence west to center line of Garden Kvenue; thence north to north line of Sixth nye rnze D?orth; thence west to �n intersection �vith . center line of "lillia�ns �traet l�orth; thence south alon� the center - line oi '�:'illiams Street north to the Place of beginning. � ' � ,� 4iIQ nvrtinerly ri�nt or way line ot �omrnerciat Aatierwa� �istirict 1Vo. 2 thence `` r � easterly along said right of way line to the westerly ri��ht oi way, line of ! •.,,.,�+, ,,, I " .. - _ the Pacific Coast �ailroad; tnence northerly along said westerly right of _� way line to north marginal line of Fourth Avenue North; thence east alon g const- ��etio� said northerly marginal line to the southeast corner oi Lot 22, Block 13, Car �'Jorks �ddition to ienton; thence north to northeast corner o= said I,ot 22 and continuing to southeast corner of Lot 3 in said Block 13; tiience west along soutn line of said I,ot 3 to the southeast corner of Lot 2 in � said Block 13; thence nort:� along east line oi s�id Zot 2 anu continuing to nortn line oi Car '�;lorks Addition; tnence west to center line oi Garden Avenue; thence nortr� to north line of �ixth Avenue �vTortn; thence west to an intersection with cen.ter line of' ',�illiams jtreet Nort3a; thence soutn alon� tne center line oi '�+illi�ms Street north to the pl�ce of oeginning. fN YS�iCfXX�;g�j�i`kXfi(TYiYy�.� �`�[]�Et�.'YR�'$XYYY5Y.7C�Y7�_,�_�at.r]tS� . Section 3: That there is hereby established a local ;n�i3ro�rement district to be called "Loca1 Im- ��i•ovement District No...__18_b_._," which said district is described as follo«-s: 'ht3-y;�Tcax�sn�e��3��3iXY.Hi�C3St�Cip�fin�lrxacPsrir�setlsr�,s�r�ran�aar,xrXx�vr�-rstar�xaxmxx��nYar�X��7C 1�9tS�t�C]tCRHtXs�AA�IXF�7Q1�7G�_?�dC:��gaa�x�x a�ac�xg�sr,x�xxtasa��sr7��,x�-�ta,Ysy�aar��garsirxar,�;�}s;:�g 1�� ri"h��t portion o_' the Cit�r o f =,e+�ton described in p�r�gra,an one neraof. Sectiou 4: Bonds bearing interest at the rate of_.3.j.X._._. per cent. per annuzn payable ou or befoi•e _Se.Y_�X_1___.._.___years from the date of issuauce shall be issued in pa,yment of the cost and espense of this improvement, �i�hich bonds shall be redeemed by the collection of special assessments to Ue levied and assessed upon the� property within said district, payable in.__I'�_g@__.equal annual installments with interest at tl�e rate of.._._6i�__._.___per cent. per auuum under the iziode of "Payn�ent by Pouds," as defined by law and tlie charter a,nd ordinances of the City of Renton. These bonds shall be delivered to tiie contractor i>> redemption oY warrants cn tlie Local Improvement Disti•ict Fund isstzed on estimates of the City �nbineei�, oi• the C�ity of Renton may, at its election, sell said bonds and make such z•edemption iu cash. Section 5: This oiclinance shali be in full force and effect five (5) ciays fi•otli and after its passage, approvzl and leg�al publication. :�i�proved this 318'fr- - - -- cia3' of - AL1gU3 t+----., 19�7_...... �'. , _ � �.�i" - - -- - - --- --- --------------__- ------- -• - Mayor. Passed this ..-a�3�$'t------ -. day of -Au�-st-------- ----, 19?i3� --.. ;�. --- -- - - - /-''�/----�-- ------- - --------------- -- - �t°City Clerk. Date of first u�tb��at�o��...Sept...._9_,._.1937• j