The URL can be used to link to this page

Home My WebLink AboutORD 0827 .t . •, .. � vs . � � .. . (Improvement Ordinance Boiid P'ormy � ` .�.. ORDINANGE NO.-�%� _ ..___. AN ORDINANCE PftOVIDING FOR TI3E II�IPROVE:�IENT OF Main S;�reet North from Fixst to Fourth Avenue North �id 'I'xiird Averiue North from Park A�renue to �GYilliams Stx•eet finsert sti•eets oi• portio�is tuereof to 1�� improved) by (speeiPying nature of iuiprovement) constructing concrete curbing, filiing parking strips all in accordar.ce with Resolution No,-�.Q.�...._. o� the City Cotuicil of the City of Renton, creating a local improvement district therefor, and �roviding that payment for said improvement be made by special ;,issessinents upon property in eaid district payable by the mode of "Ptiyment by Bonds." THE CITY COIINCIL OF THFi CITY OF I�ENTON DO�S ORDAII�T AS P'OLLO`�'S: secclon x: �a,a.t �ain Street North from First to Fourth A�enue North and T:nird Avenue North frozn Fari� Avenue to ydill?ams �trezt tinsert streets oi• portious tliereof to be iinproved) be impro��ed by (�pecifying natui•e af iinpi�overnent) c�ntitructi�� concrete curbin� , fillin� paricing strips and Lhat siich other �voi•lt be ctone as xnay be necessary in co�ineciion there��ith, accoi•diiig to the plans anct specifications therefor pre�ared under the direction of the City Engineer �nd on file in the office of tl�e City Clerk. Section 2: That the c,ost and expeuse of said improvement, including ali necessary and incidental ek�ei�ses, sha.11 be borne by and assessed against the property included in the assessment district herein- after created in accordance with law. The City of Renton shall not be liable in any manner for any por- tion of the cost and expense of said iinproveuient, except as herein pirovided. (insert appropriate ��roi-iso for contribution from the Geiierai Ftuicl if a�iy) Section 3: That tlie�•� s hereby established a local improvement district to be called "Loca1 Iai- provemeut District No.____�___ which said district is descriUed as follo�i�s: `Ali the property bei:w�n the termini of said improvement abu�ting upon, adjaceut, vacinal or proxiinate to such portion of said streets and avenues to a dist,ance baclt from tlie marginal lines thereof. a� provided by law." Section 4: Bonds beai•ing interest at the rate of._e1.gYI.� per cent. per annuui payable on or beforc. _-$-$V$T1---.---.years froin the date of ;ssuance shall be issued in paYment of the cost and expense of this improvement, which bonds shall be redeemed by the collection of special assessments to be levied and tissessed upon the property within said district, payable i:�..f1V8__._equal annu�l installments with interest at �he rate of_..elgh�_per cent. per anintin under the mode of "Paymei�t by Ronds," as defined by law and he charter and ordinances of the City of Renton. Th�se bouds shall be delivered to the contractor i�� edenlption of warranta on the Local Improvement District F�und issued on estimates of the City �ngineer. ` ��r the City of Rentoii inay, at its election, sell said bonds and make sucli redemption in casli. Section 5: 7`his ordinance shail be in fuil force and effect five (5) days froin and after its passa.ge, .,�prova,l and legal ,�nb�icatio� � �i��o�ea tl.�s ... � �,_ ---. aay of O.c-t_ob_e�..---- --, is2__ .7.._. , . � �� /> d- � - � `��_��-��, .�:� :_"; - -- =_- _lIayor. Yassed tliis ___.___,�C��ay of .__._.Q-C.�Ab.@r__.._.., 19?..__�._. .�`_: _ -� - � - .- ---��-'------ 7 � �-B City Clerk. Dat.e of first publication_------------------�C.�__--�---.C.r--� '(�.-��---r�