Ordinance 905ORDINANCE NO.
AN ORDINANCE STATING THAT THE CASH PRE -PAYMENT PERIOD FOR L.I.D. 104
OF THE CITY OF EDMONDS HAS EXPIRED; GIVING THE TOTAL OF THE ASSESSMENT
ROLL THEREON AND THE A -MOUNT RECEIVED AS CASH PRE: -PAYMENT OF ASSESS-
MENTS; AND STATPVG THE AXIOUNT AND NUMBER OF BONDS TO BE ISSUED IN CON-
NECTION THEREWITH_______
WH E R E A S, O r dinance No. 89 5 of the City of Fdmonds confirming the final
assessment roll on L. I. D. No. 104 o. the City of Edmonds was passed on the 15th day
of August, 1961, and
WHEREAS, the cash pre -payment period for said L.I.D. expired on the 24th day
of September, 1961, and
WHEREAS, the number and the amount of the bonds in the said Local Improve-
ment district shouid 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 the-eunder should be shown on the City records,
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF EDMONDS DOES
ORDAIN AS FOLLOWS:
Section 1. That the total cost of Local Improvement District No, 104 of the City
of Edmonds as shown by the Final Assessment Roll thereon was in the amount of $6955.90;
that the sum of $4, 331.09 was paid in cash during the pre -payment period for assessments,
leaving a balance of $2, 624. 81.
Section 2, That in payment of the said balance of $2, 624. 81, bonds numbered one
(1) to eleven (11), inclusive, shall be issued in connection with and to pay the said sum
• under L.I. D. No. 104, and shall be in denominations of $250.00 each, except for Bond
No. 1, which shall be in the denomination of $124.81; that all of said bonds shall bear
interest at the r-ite of 5-1/2%per annum, payable annually, according to the terms of
Ordinance No. 895 of the City of Edmonds.
ATTEST:
MAYOR
CTT' CLERK
Passed: _r—�------------
Published_ — -
Filed with City Clerk: