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HomeMy WebLinkAbout0431 .... __~DTNANP,~,_ ~C)_ 4.%1 AN ORDINANCE providing for the improvement ef Pacific Ave~ue by laying therein a sewer from a manhole at Sixth Street and Pacific Avenue to the manhole at Mill Street a.ud Pacific Avenue, in accordance with a resolution of the City Council of the City o f Bremerton, creating a Local Improvement District therefor, and providing that payment for said improvement be made by sp~clal assessments upon property in said district payable by the mode of "Payment by Bonds". The City Council of the City of Bremerton do ordain as follows: SECTION 1. That, Pacific Avenue from the manhole at Sixth Street and Pacific Avenue to the manhole at Mil. 1 ',~treet and Pacific Avenue be improved by laying therein a sewer and that such other work be done as may be necessary in connection therewi~th, according to the plans and specifical'~ions therefor prepared unde~ the direction of the City Eng,.neet and on file in the o'~fice of the City Cle~ Clerk. SECTION 2. That all the cost and expense of said improvement, includl~ all necessary and incidental expenses, shall be borne by and assessed against, the property included in the assessment district hereinafter created in accordance with law. The City of Bremerton shall ~ot be liable in any manner for any per- ti,on of the cost and expense of said improvement. SECTION 3. That, the~e is hereby established a Local Improvement Dis~ ,~ tr!ct, to be called Local Improvement District No. 63, SECTION 4. Bonds bea~ing i.uteresb at the rate of sev~n per cent (7~) per annum payable on cz~ before ten (10) years fr. om- the date of lssua:~ce shall be issued in payment of the cost and expense of th~s improvement, which bonds shall be redeemed by the collection of spec.[al assessments to be levied and assessed upon the property within said district, in equal annual installments with interest at the rate of seven per cent pe~~ annum, undez~, the mode of "Payment be Bonds" as defined by law and the Ordinances of the City of Bre~erton. ~!hese bonds shall be delivered to the contra~ctor in redemption of wa~rants o5~ the Local Imp~oveme~t District Fund issued on estimates of t~Be City Ehgineer or the City of Bre~ertoa may ~t its election sell said bonds and make such redemption in cash. SECTI0'~ 8. This Ordinance shall be in full ~orce and effect from five (5) days after its passage, approval and public.~tion. Passed by the City Cot~cil and approved by me this 29th day of 0ctobe_~~, At ~e st :/~ ~ayo~, Filed be ~ue this 29th ~ay of October, 1912. _~~~~~i t y Clerk.