Ordinance 907ORDINANCE NO.__.L__
AN ORDINANCE STATING THAT THE CASH PRE -PAYMENT PERIOD FOR L.I.D. 103
OF THE CITY OF EDMONDS HAS EXPIRED; GIVING THE TOTAL OF THE ASSESSATENT
ROLL THEREON AND THE AMOUNT RECEIVED AS CASH PRE -PAYMENT OF ASSESS-
MENTS;
SSESSMENTS; AND STATING TIIE AMOUNT AND NUMR 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-pajment 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 Roil 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, 79 6. 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. be issued in connection witn and to pay the
said sum under LID 103, and shall be in denominations as follows:
• Bond No. 1 $ 46.80
Bonds 2 to 16, inclusive $ 500.00
Bonds 17 to 37, inclusive $ 250.00
that all of said bonds shall bear interest at the rate of 5-1/2% per annum, payable
annually, according to Jhe terms of Ordinance No. 894 of the City of Edmonds.
ATTEST: i_ / '�_ 1A n' -f—
~-------- MAYOR
CITY CLERK
Passed: _ , . , >/y C1 -- Published:
Filed with