Ordinance 1302ORDINANCE NO. /,?0 )
AN ORDINANCE STATING THAT THE CASH PRE —PAYMENT
• PERIOD FOR L.I.D. NO. 152 OF THE CITY OF EDMONDS
HAS EXPIRED, GIVING THE TOTAL OF THE ASSESSMENT
ROLL THEREON AND THE AMOUNT RECEIVED AS CASH PRE—
PAYMENT OF ASSESSMENTS; AND STATING THE AMOUNT AND
NUMBER OF BONDS TO BE ISSUED IN CONNECTION THEREWITH.
WHEREAS, Ordinance No. 1275 of the City of Edmonds
confirming the final assessment roll on LID No. 152 of the
City of Edmonds was passed on the 7th day of March, 196-4 and
WHEREASt the cash pre —payment period for said LID
expired on the 21st day of April, 1967, and
WHEREAS, the denominations of the bonds, and their date
of payment and issue for 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,
WASHINGTON, DO ORDAIN AS FOLLOWS.
Section 1. That the total cost of Local Improvement
District No. 152 of the City of Edmonds as shown by the Final
Assessment Roll thereon was in the amount of $28,063.21; that
• the sum of $14,383.80 was paid in cash during the prepayment
period for assessments, leaving a balance of.-$13,679.41.
Section 2. That in payment of the said balance of
$13,679.41, bonds numbered (1) to (28) inclusive, shall be
issued in connection with and to pay the said sum under
LID No. 152, and shall be in denominations of $ .500.00 each,
except for Bond No, 1. which shall be in the denomination
of $179.41; that all of said bonds shall bear interest at
the rate of 5 1/4% per annum, payable annually; shall be
• issued on the 1st day of June: 1967 and shall be payable on the
0
1st day of June, 1979.
Section I. Thz.. the said bonds shall be sold locally
by the City Treasurer at not less than par and accrued interest.
APPROVED:
7
GORDON MAXWELL, MAYO
ATTEST:
CITY CLERK
PASSED BY THE CITY CLERK: May 16, 1967
FILED WITH THE CITY CLERK: May 16, 1967
PUBLISHED: May 24, 1967
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