Ordinance 907•
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ORDINANCE NO. `
AN ORDINANCE STATING THAT THE CASH PRE -PAYMENT PERIOD FOR L.LD. 103
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 NUMB ER OF BONDS TO BE ISSUED IN
CONNECTION THEREWITH.
WHEREAS, Ordinance No. 894 of the City of Edmonds confirming the final assess-
ment roll on L.I.D. No. 103 of the City of Edmonds was passed on the 15th day of August,
1961, and
WHEREAS, the cash pre-paitment period for said L.I.D. expired on the ?4th day
of September, 1961, and
WHEREAS, the number and the amount of the bonds in the said Local Improve-
ment district should be incorporated in and made a part of the City records and fixed
by Ordinance, and
WHEREAS, the total of the filial 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. 103 of the
City of Edmonds as shown by the Final Assessment Roll thereon was in the amount of
$12, 796.80; that nothing was paid in cash during the pre -payment period for assess-
ments, Leaving the entire balance of $12,796.80 unpaid.
Se. tion 2. That in payment of the said balance of $12, 796.80, bonds, numbered
One (1) to thirty-seven (37), inclusive, shall he issued in connection witn and to pay the
said sum under LID 103, and shall be in denominations as follows:
Bond No. 1
Bonds 2 to 16, inclusive
Bonds 17 to 37, inclusive
$ 46. 80
$ 500, 00
$ 250. 00
that all of said bonds shall bear interest at the rate of 5-1/2% per annum, payable
annually, according to ,he terms of Ordinance No. 894 of the City of Edmonds.
ATTEST:
MAYOR
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CITY CLERK
Passed: T• > /962 _Published: r`:.LZ / //� /
Filed with City Clerk _