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HomeMy WebLinkAbout0725 ORDINANCE NO. ?25 AN ORDINANCE providing for the improvement of Fifth Street from the west n~rgin of Pacific Avenue to the east margin of Park avenue, by the laying of cables and construction of electric lighting poles and the establishment of a complete.electric, lighting system along the said street, and the doing of such other work and f~rthe~~ work in connection with the same as to make such imi~rovement a complete Job. All,in Accordance with the Palns and specifications prepared by the City engineer and on file in his office and in the office of the City Clerk of Bremerton, and in aeoordan~ with the petition of the owners of two-thirds of tile fro~t footage abutti~lg on said improvement to be r~ade by s~?ecial assessments u~on 'the property abutting and contigt~OuS ~to said improvements. Payable by mode of bonds. The City Council of the City of Bremerton do ordain as follows: Section 1. That Fifth Street from the west margin of Pacific avenue, to the east' margin of Park street be improved by the laying of an electric lightiz~g cable, and struction of electric lighting poles and the installation of a complete electric li~ht-~ lng system and to do such work as may be necessary to make said construction a complete job, all in accordance with the plans and specifications on file in the office of the City Clerk. Sec. 2. That all cost and expense of said improvement, including all necessary ,and incidental expenses shall be borne by and assessed against the property included in the assessment district hereinafter created in accordance with the law. .... ~ ORDINANCE NO. 725. Cont. T~e City of Bremerton shall not be liable inany manner for any portion of the cost and expense of said improvement. Sec. 3. That there is hereby created a local improvement district to be called Local Improvement District No. lO1, the boundaries of which district are hereby specified and described as follows: Commencing at the northwest corner of Pacific avenue and Pifth street, thence north to the middle of block 16, plat of Bremerton; thence west to the east margin of Park avenue; thence south along the east margin of Park avenue to the center line of block 15, plat of Bremerton; thence east along the middle of block 15 to Pacific avenue; thence north alonE the west margin of Pacific avenue to the point of beginning Sec. 4. That said cost and expehse of said improvement shall be assessed a2.ainst said property included in said improvement district in proportion with the area and in accordance with the provisions of section 2, chapter 168 of the Session Laws for the State of Washington for 1915. Sec. 5. Bonds bearing interest at the. rate of seven per cent. per annum, payable on or before lO years from the date of issuance, ~hall be issued in pa~rment of the cost and expense of said improvement, which bonds shall be redeemed by the col- lection of Special assessments to be levied and assessed upon the property within said district, payable in eight equal instal~ents with interest at the rate of seven per cent. per annum, under the mode of payment by bonds, as defined by law and ordinance of the City of Bremerton. These bonds shall be delivered to the contractor in the redemption of warrants on the local improvement district issued on the estimate of the City Engineer or the City of Bremerton may, at its election, sell the said bonds and make such re- demption in cash. Sec. 6. This ordinance shall be in full force and effect from five days after its passage, approval and publication. Passed by the City Council of the City of Bremerton and approved by me this 23rd day of May, 1921, A. D.