Ordinance 1630ORDINANCE NO. 1630
AN ORDINANCE STATING THAT THE CASH PRE -PAYMENT
PERIOD FOR LID NO. 187 OF THE CITY OF EDMONDS
HAS EXPIRED, GIVING THE TOTAL OF THE ASSESSMENT
ROLL THEREON AND THE AMOUNT RECEIVED AS CASH PRE-
PAYMENT OF ASSESSMENTS; AND STATING THE AMOUNT
AND NUMBER OF BONDS TO BE ISSUED IN CONNECTION
THEREWITH.
WHEREAS, Ordinance No. 1623 of the City of Edmonds
confirming the final assessment roll on L.I.D. No. 187 of the
City of Edmonds was passed on the 7th day of November, 1972,
and
WHEREAS, the cash Pre -payment period for said LID expired
December 22, 1972,.and
WHEREAS, the deonominations of the bonds, and their date
of payment and issue for the said Local Improvement District
should be incorporated in and made a part of the City records
and fixed by Ordinance, and
WHEREAS, the total of the final assessment roll and the
amount received as cash pre -payment of assessments thereunder
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 Local Improvement District
No. 187 of the City of Edmonds as shown by the Final Assessment
Roll thereon was in the amount of $11,042.05, and the sum of
$3,125.30 was paid in cash during the pre -payment period for
assessments; the City of Edmonds participated and paid the sum
of $5,212.63, leaving a balance of $2,704.12.
Section 2. In payment of the said balance of $2,7.04.12,
bonds numbered one (1) to eleven (11) inclusive,,shall be issued
in connection with and to pay the said sum under LID No. 187,
and shall be in denominations of $250 each, except for Bond No. 1,
which shall be in the denomination of $204.12. All of said bonds
shall bear interest at the rate of 6 1/2% per annum, payable
annually, shall be issued on the 15th day of February, 1973, and
shall be payable on the 15th day of February,,1985.
Section 3. Said bonds shall be sold locally by the
Deputy City Treasurer at not.less than par and accrued interest.
APPROVED:
ATTEST
CITY CLERK.
PASSED BY THE CITY COUNCIL: December 26, 1972
FILED WITH THE CITY CLERK: December 26, 1972
PUBLISHED: January 3, 1973