Ordinance 1304ORDINANCE NO. 3 D q
AN ORDINANCE STATING THAT THE CASH PRE -PAYMENT
PERIOD FOR LID NO. 138 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. 1291 of the City of Edmonds
confirming the final assessment roll on LID No. 138 of the
City of Edmonds was passed on the 18th day of April, 1967,
and
WHEREAS, the cash pre -payment period for said LID
expired on the 2nd day of Junet 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
DO ORDAIN AS FOLLOWS:
Section 1. That the total cost of Local Improvement
District No. 138 of the City of Edmonds as shown by the Final
Assessment Roll thereon was in the amount of $63,107.88; that
the sum of $ 8,134.97 was paid in cash during the pre-
payment period for assessments, and the City of Edmonds par-
ticipated in the amount of $19,538.18,, leaving a balance of
$35,434.73.
Section 2. That in payment of the said balance of
$35,434.73, bonds numbered one (1) to thirty-six (36)
inclusive&, shall be issued in connection with and to pay
the said sum under LID No. 138, and shall be in denomina-
tions of $1,000 each, except for Bond No. 1, which shall
be in the denomination of $434.73 that all of said bonds
shall bear interest at the rate of 5/ per annum, payable
annually; shall be issued on the lst day of July, 1967 and
shall be payable on the 30th day of June& 1979.
APPROVED:
ON MAXWELLI MAYOR
ATTEST:
CITY CLERK If
PASSED BY THE CITY COUNCIL: June 6, 1967
FILED WITH THE CITY CLERK: June 6, 1967
PUBLISHED: June 14, 1967
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