Ordinance 9064 ,
ORDINANCE NO.
AN ORDINANCE STATING THAT THE CASH PRE -PAYMENT PERIOD FOR L.I.D. 101
OF THE CITY OF EDMONDS HAS EXPIRED; GIVING THE TOTAL OF THE ASSESSMENT
ROLL THEREON AND THE AMOUNT RECEIVED AS CASH PRE -PAYMENT OF ASSESS-
MENTS; AND STATING THE AMOUNT AND NUMBER OF BONDS TO BE ISSUED IN
• ___._______—_—_CONNECTION THEREWITH.
WHEREAS, Ordinance Nu. 893 of the City of Edmonds confirming the final assess-
ment roll on L.I.D. No. 101 of the City of Edmonds was passed on the 15th day of August,
1961, and
WHEREAS, the cash pre -payment per43d 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 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 DOES
ORDAIN AS FOLLOWS:
Section 1. That the total cost of Local Improvement District No. 101 of the City
of Edmonds as shown by the Final Assessment Roll thereon was in the amount of
$8, 583. 94; that the sum of $2, 217. 51 was paid in cash during the pre -payment period
for assessments, lea, .ng a balance of $6, 366. 43.
Section 2. That in payment of the said balance of $6, 366. 43, bonds numbered
one (1) to twenty-six (26), inclusive, shall be issued in connection with and to pay the
• said sum under L.I.D. No. 101, and shall be in denominations of $250.00 each, except
for Bond No. 1, which shall be in the denomination of $116.43; that all of said bonds
shall bear interest at the rate of 5-1/2% per annum, payable annually according to the
terms of Ordinance No. 893 of the City of Edmonds.
ATTEST:Zf /-!t <
�j MAYOR
CITY CL7ERK
Passed:
Published:fi L----- ----
Filed with (pity Ne`rk: _7 3�—. _�------