HomeMy WebLinkAboutORD 0812 �
,�' . , .
. , � ..� � . .
(Improvement Ordinance Sond Form) i
ORDINANGE NO.-_-_�.�..�-'-�-----.
AN ORDINAI�TCE PROVIDING FOR THE IMPROti E17ENT OF
(iiisert streets ox portions thereof to be improved) by (specifying n�,ture of iinproveinentl
all in accordance with Resolution No.___.._..._._, of the City Conncii of the City of Reiitou, ci•eating a local
improveinent district therefor, and providing that payinent for said improvement be ntade by sl�ecial
assessments npou property in said district payable by the mode of "Payment by Bonds."
THE CITl COti:`TCIL OF THE CITY OF RENTON DQES ORDaIN AS FOLLOWS:
Section 1: That . ,. , ,
(insert streets or portions thereof to be improved) be improved by (specifying nature of improvement)
and that such other work be done as may be necessary iil conuection therewitH, according to the plans and
specifieations thereYor prepared under the direction of the City Engineer and on file in the office of the City
Clerk.
Section 2: That the cost and espense of said improvemenY., iiicluding all necessary and incidental
expenses, shall be Uorne by and assessed against the property included in the assessment district herein-
after created iu accordance with law. The City of Renton shall not be liable iu any inauner for auy por-
tion of the cost and expense of said improvement, except as hereiu provided.
� (insert appropriate proviso for contribution from the General Fund if any�)
Section 3: That thjre is hereUy established a local improven�ent district to be called "Local Im-
provement District No._�__(o_�_," which said district is described as follo��s:
`All the property between the termini of said improyemeut abuktii�g upon, adjacent, vacin�l or
proximate to such portion of said streets and avenues to a distance bacl=. fro�n the inarginal lines thereof, as �
��rovided by law."
Section 4: Bonds bearing interest at the rate of-__.___._..__. per cent. per a.nnwu l�ayable on or before
---.-._.._�________.___years from the date of issuance shall Ue issued in payment of the c.ost and expense of this
iuiprovement, which bonds shall be redeemed by tlie collection of special assessments to be levied and
�
assessed upon the property within said district, payable in..._.S____ __equal annuai installments with interest at
the rate oY....................per cent. per annum under the ii�ode of "PaS-ment by E�ouds," as defined by law and °�
the charter and ordinances of the City of Renton. These bonds siiall be delivered to the contractor in
i•edemptiou of warranrs on the Locai Iinprovement District Fund issiied on estiinates of the City Engineer,
or the City of Renton inay, at its election, sell said bonds and make such redeinption in cash. �
� Section 5: This ordina.nce shall be in full force and effect five (5) days Prom and after its passage,
��APioval and leg'al publicarion. �
Approved this ..__/iG� - - day of - - -- - - - -> 192....: - --•
� ....����/�� � - �" 9"''_.,
- - - " - - - - �`<��'�l1�='..- - -
lIayor.
Passed this __.._f iC1.�. day of .---.---------------------_._.._, 192.._...----•
------- -- --v-�- - -- ------------- ---------------- --
City Clerk.
p 0
Date of first publication._.... _ _. .......... ..P_�°:;�,,_�.�_ _ ._7_�_._._
� �