Ordinance 2128ORDINANCE NO.
AN ORDINANCE OF THE CITY OF EDMONDS, WASHINGTON
STATING THAT THE CASH PREPAYMENT PERIOD FOR
SIDEWALK IMPROVEMENT DISTRICT 179 OF THE CITY
OF EDMONDS HAS EXPIRED; GIVING THE TOTAL OF THE
ASSESSMENT ROLL THEREON AND THE AMOUNT RECEIVED
AS CASH PREPAYMENT OF ASSESSMENT; AND STATING
THE AMOUNT OF THE INSTALLMENT NOTE TO BE ISSUED
IN CONNECTION THEREWITH AND AUTHORIZING PUR
CHASE OF THE NOTE BY THE LID GUARANTY FUND.
WHEREAS, Ordinance no. 2119 of the City of Edmonds
confirming the final assessment roll for Sidewalk Improvement
District No. 1-79 was passed on February 19, 1980, and
WHEREAS, the cash prepayment period for said side-
walk improvement district expired on the 28th of March, 1980,
and
WHEREAS, the remaining unpaid assessments are to be
evidenced by an installment note to be issued and sold to
another fund of the City and the date of payment of said note
or notes should be incorporated and made a part of the City
records and fixed by ordinance, and
WHEREAS, the total of the final assessment roll in
the amount received as cash prepayment of assessments there-
under should be shown in the City records, now, therefore,
THE CITY COUNCIL OF THE CITY OF EDMONDS, WASHINGTON,
DO ORDAIN AS FOLLOWS:
Section 1. The total cost of Sidewalk Improvement
District No. 1-79 of the City of Edmonds as shown on the final
assessment roll thereon was in the amount of $9,447.11 and the
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sum of $4,100.04 was paid in cash during the prepayment
period for the assessments, leaving a balance of $5,347.07 .
Section 2. In payment of said balance of $5,347.07,
an installment note numbered Sidewalk Improvement District
No. 1-79 shall be issued in connection with and to pay the
said sum due under Sidewalk Improvement District No. 1-79,
and shall be in the amount of $5,347.07 and shall bear inter-
est at the rate of 7 % per annum, payable annually; shall
be issued as of the 15th day of April , 1980 and shall be
payable on or before the 15th day of April , 1992.
Section 3. That there is hereby authorized and the
Finance Director is hereby directed to borrow the sum of
$5,347.07 from the LID Guaranty Fund no. 613 to purchase the
installment note authorized to be issued herein and to make
all transfers necessary to accomplish the same.
APPROVED:
MAYOR, 5. H. HARRISON
ATTEST/AUTHENTICATED:
TY CLERK, -1-RENE—VARNEY-MORAN—
APPROVED AS TO FORM:
OFFICE OF THE CITY ATTPRNEY:
BY . G%
FILEb WITH THE CITY CLFIRK: March 28, 1980
PASSED BY THE CITY CO CIL: April 8, 1980
POSTED: April 9, 1980 '
EFFECTIVE DATE: April 13, 1980
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AFFIDAVIT OF POSTING ORDINANCE
STATE OF WASHINGTON
ss:
COUNTY OF SNOHOMISH
JACQUELINE G. PARRETT
, being first duly sworn
on oath deposes and says that s he is over the age of eighteen (18)
years and is competent to testify as to the matter stated herein.
There is no official newspaper or other newspaper printed and
published within the City. In accordance with RCW 35A.12.160, on
the 9th day of
April
, 19 80, affiant posted true and
correct copies of the attached Ordinance No. 2128, passed by the
City Council on the 8th day of April , 19_0, at the
official posting places for City notices which are the public
bulletin boards at the following locations:
Edmonds Civic Center
250 Fifth Avenue North
Edmonds, Washington 98020
Edmonds Public Library
Civic Center, 250 Fifth Avenue North
Edmonds, Washington 98020
Edmonds Branch of United States Post Office
201 Main Street
Edmonds, Washington 98020
DATED this —1— day of April , 19 8Q
SUBSCRIBED AND SWORN to before me this day`of
April 3_980 ,
Notary Public''injAnd fob�' the
State Washing/one r7.ding
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