Ordinance 1655ORDINANCE NO. 1655
AN ORDINANCE STATING THAT THE CASH PRE -PAYMENT
PERIOD FOR LID NO. 190 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. 1642 of the City of Edmonds
confirming the final assessment roll on LID No. 190 of the
City of Edmonds was passed on the 20th day of February, 1973,
and
WHEREAS, the cash pre -payment period for said LID
expired on the 6th day of April, 1973, and
WHEREAS, the denominations 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. 190 of the City of Edmonds as shown by the Final
Assessment Roll thereon was in the amount of $31,452.00, and
the sum of $1,937.56 was paid in cash during the pre -payment
period for assessments; the City of Edmonds participated and
paid the sum of $25,626.68, leaving a balance of $3,887.76.
Section 2.
In payment of the said balance of $3,887.76,
bonds numbered one (1) through fifteen (15) inclusive, shall be
issued in connection with and to pay the said sum under LID
No. 190, and shall be in denominations of $250.00 each, except
for Bond No. 1, which shall be in the denomination of $387.76.
All of said bonds shall bear interest at the rate of 6% per
annum, payable annually, shall be issued on the lst day of
June, 1973, and shall be payable on the lst day of June, 1985.
Section 3. Said bonds shall be sold locally by the Deputy
City Treasurer at not less than par and accrued interest.
ATTEST:
IN
APPROVED:
MAYOR ..O TEM I /
CITY CLERK (DEPUTY)
PASSED BY THE CITY COUNCIL April 17, 1973
FILED WITH THE CITY CLERK: April 17, 1973
PUBLISHED: April 25, 1973