The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1917-05-03

ORDINANCE NO. 659s-AN oRDI-
NANCE providing for the improve
ment of North M, North stu, North
9Th. and North 10th Streets: creating
Local Improvement District No. 495;
providing for special fund for the
payment of the cost of said improve
ment by special assessment upon
property within said district bene-
] fitted thereby; providing for the is
suance of local improvement bonds;
and declaring an emergency.
| WHEREAS, an initial resolution
adopted by the Council of the city
OF Tacoma, March 81, 1917. declaring
the intention of said Council to
make the improvement hereinafter
described and fixing Monday. April
3. 1917. as the time for hearing OBJ
| Jections to the making of said i'm
provement, was duly published as
provided by law; and
| WHEREAS. on said 9th day of
| April, 1917, said time of hearing was
continued to April 16, 1917; and on
April 10th was further continued to
April 2S. 1917; and
| WHEREAS, prior to the 23rd day
of April, 1917, the Commissioner of
Public Works of said City submitted
to said Council the estimated cost of
said Improvement in the sum OF
$14,220.60: and a statement of the
Iproportionate amount thereof which
| should be borne by the property
within the proposed assessment dis
trict, in the sum of $14,220.60 and a
statement of the aggregate assessed
value of the real estate, exclusive
of Improvements, within said dis
trlct. according to the valuation last
placed upon 1t for the purposes OF
general taxation. in the sum of $780,
$4,000 and diagram or print show
ing thereon the lots, tracts or par
cells of land and other property
which will be specially benefited by
said improvement and the estimated
amount of the cost and expense of
the Improvement to be borne by each
lot, tract or parcel of land within
WHEREAS, on said 23rd day OF
April, 1917. all remonstrances
against the making of said improve
ment were overruled by the Council;
NOW. THEREFORE,,
Is section I. That North M Street
from North Sth Street to North 10th
Street and North Sth, North 9th and
street to North M street. be i'm
proved by grading to the established
grade with roadways twenty-four
feet in width. and laying down on
said roadways an asphaltic pave
ment on a concrete or crushed rock
of the intersection of North 10th and
M" Streets and alley returns, where
Ia concrete pavement shall be laidj
with concrete cutters, concrete and
reinforced concrete curb, together
with the necessary storm water
drainage, according to the plans and
specifications prepared therefor by
the City Engineer, now on file In
the office of the Commissioner of
Public Works.
Section 2. That the real property
to be benefited by said Improvement
and which is hereby created Local
Improvement District No. 495, Is de-
scribed as follows
All the lots in Blocks 1924, 1926.
1926, 1924, 1925 and 1925.
Lots l to 6 inclusive in Block 1924,
Lots to 10 inclusive in Blocks
1924. 1925 and 1926,
Map of New Tacoma, w. t.;
Lots to inclusive in Block 3725,
Lots / to inclusive in Block 379s
Amended Map of Howard Carr's
and a certain part of New Tacoma.
All Of said property being In the
city of Tacoma, Pierce County
Washington.
Section 8. An assessment is here
by levied upon the several lots,
tracts and parcels of land in said
Local Improvement District for the
purpose of defraying the cost OF said
improvement. In accordance with the
laws of the State of Washington
and Ordinance No. 4611 of said City.
Said assessment so levied upon
said lots, tracts and parcels OF land
respectively, may be paid either in
cash. without interest. before the is
suance of bonds, or in ten equar an
nual installments, together with in,
terest on the whole sum so charged
at six per cent per annum; and each
year after the issuance of the bonds
provided for one of such
installments, together with the In
terest due thereon, and on all install
ments thereafter to become due,
shall be collected in the manner pro-
vlded by law and the charter and
ordinances of the City of Tacoma for
the collection of assessments for To-
cal improvements.
Section 4. A special fund is here
by created to be called Local I'm
provement Fund. District No. 495,
which shall consist in the aggregate
of the several amounts assessed, lev,
led and collected upon the severai
lots and parcels of land in said local
Improvement district for the purpose
of defraying the cost and expense OF
said improvement. Out of said fund
shall be paid the bonds, interest
thereon, and the eneire cost OF sai9
improvement, and no part or saiu
fund shall become the property of the
as a special trust fund for the pur-
pose herein indicated.
Section 5. The Commissioner OF
Public Works is hereby ordered TO
proceed with said Improvement by
letting contract for the construc-
ton of the same. after inviting bids
therefor in the manner provided by
the City Charter. and make out ana
certify to the Council an assessment
roll, charging the cost and expense
OF said Improvement against said
lots, tracts and parcels of land in
the manner provided by law.
In calling for bids the Commission.
err of Public Works shall state that
the contractor doing the work shall
agree to accept at par the BONDS
Issued In pursuance of this ordi.
nance in payment OF the same, ana
shall have no claim whatever on ac-
count thereof against the City of Ia
coma except solely upon said bonds,
the special assessment made and the
fund hereby created.
Section 6. Under the provisions OF
Chapter 98 of the Laws of the State
of Washington of 1911, and this or
dinence, there shall be issued ten
year annual installment local Inn
provement bonds against said dis
trict amounting in the aggregate TO
a sum equal to the amount or said
assessment remaining unpaid at the
time of their issuance, but not In
excess OF the cost and expense OF
said improvement, which bonds shall
bear interest at the rate of six per
cent per snnum from the date Of
their issuance, shall be numbered
consecutively and be in denomina-
lions of $4,000 each, except the first
numbered bond, which may be for
a less sum IL necessary.
dated not less than thirty days after
the expiration of the time when said