Ordinance 1002ORDINANCE NO.
AN ORDINANCE STATING THAT THE CASH PRE -PAYMENT PERIOD FOR LID 113
OF THE CITY OF EDMONDS HAS EXPIRED; GIVING THE TOTAL OF THE ASSESS-
MENT ROLL THEREON AND THE AMOUNT RECEIVED AS CASH PRE -PAYMENT
OF ASSESSMENTS; AND sTATI NG THE AMOUNT AND NUMI3ER OF BONDS TO BE
ISSUED IN CONNECTION TIiEREWT-----^^-------_^^^-^-^----
WHEREAS, Ordinance No. 985 of the City of Edmonds confirming the final
40 assessment roll of L. I. D. No. 113 of the City of Edmonds was passed on the 7th
day of May, 1963, and
WHEREAS, the cash pre -payment period for said L. I. D. expired on the 23rd
day of J�ine, 1963, and
WHEREAS, the number and the amount of the bonds in the said Local Im-
provement 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. 113 of the
City of Edmonds as shown by the Final Assessment Roll thereon was in the amount
of $19, 940. 96; that the sum of $6,522. 94 was paid in cash during the pre -payment
period for assessments, leaving a balance of $13,418.02.
Section 2. That in payment of the said balance of $13,418.02, bonds num-
bered One (1) to t wenty-seven (27), inclusive, shall be issued in connection with
and to pay the said sum under LID No. 113, and shall be in denmainations of $500.00
each, except for Bond NG. 1 which shall be in the denomination of $418.02; that all
of said bonds shall bear interest at the rate of five ( 516) per cent per annum, payable
annually according to the terms of Ordinance N a of the k Edmonds.
MAYOK------------
ATTEST:
CITY CLE K
Passed:
Published:
I" iled with-Uty Cleric-
_
X60