Ordinance 1335ORDINANCE NO.
AN ORDINANCE STATING THAT THE CASH PRE -PAYMENT
PERIOD FOR L.I.D. NO. 148 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. 1321 of the City of Edmonds,
confirming the final assessment roll on L.I.D. No. 148 of
the City of Edmonds was passed on the 5th day of September,,
1967, and
WHEREAS:,_ the cash pre -payment period for said L.I.D.
expired on the 20th day of October, 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.g, THE CITY COUNCIL OF THE CITY OF EDMONDS,
WASHINGTON„ DO ORDAIN AS FOLLOWS:
Section 1. That the total cost of Local Improvement
Di-trict No. 148 of the City of Edmonds as shown by the Final
Assessment Roll thereon was in the amount of $47,103.46, that
the City of Edmonds paid the sum of $8,714.76 and that the sum
of $18,362.32 was paid in cash during the pre -payment period
for assessments, leaving a balance of $20,026.38.
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Section 2. That in payment of said balance of $20,026.38
bonds numbered one (1) to twenty-one (21), inclusive, shall
be issued in connection with and to pay the said sum under
L.I.D. No. 148, and shall be in denominations of $1,000 each,
except for Bond No. 1, which shall be in the denomination of
$26.38; that all of said bonds shall bear interest at the rate
of 5/ per annum, payable annually; shall be issued on the
15th day of November, 1967, and shall be payable on the 15th
day of November, 1979.
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ON MAXWELLr, nAYOR
ATTEST:
CITY CLERK
PASSED BY THE CITY COUNCIL: November 7, 1967
FILED WITH THE CITY CLERK: November 7, 1967
PUBLISHED: November 8, 1967
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