Ordinance 1365ORDINANCE NO.
AN ORDINANCE.STATING THAT THE CASH PRE -PAYMENT -,
PERIOD FOR L.I.D. NO. 151 OF THE CITY OF EDMONDS,
WASHINGTON HAS EXPIRED, GIVING THE TOTAL OF THE
ASSESSMENT ROLL THEREON AND THE AMOUNT RECEIVED AS
CCASH. PRE -PAYMENT OF ASSESSMENTS; AND STATING THE
AMOUNT AND NUMBER OF BONDS TO BE ISSUED IN CONNECTION
THEREWITH.
WHEREAS„ Ordinance No. 1346 of the City of Edmonds
confirming the final assessment roll on L.I.D. No. 151
of the City of Edmond was passed on the 20th day of
February, 1968, and
WHEREASr the cash pre -payment period for said L.I.D.
expired on the 5th day of April, 1968, 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
WHEREASi the total of the final assessment roll and
the amount received as cash pre -payment of assessments there-
under should be shown in the City records,
NOW,, THEREFORE,,THE CITY COUNCIL OF THE CITY OF EDMONDS,
WASHINGTON DO ORDAIN AS FOLLOWS:
Section to That the total cost of Local Improvement
District No. 151 of the City of Edmonds as shown by the
Final Assessment Roll thereon was in the amount of $844,586.42;
that the sum of $232,435.42 was paid in cash during the pre-
payment period for assessments, leaving a balance of $613,151.00.
Section 2. That in payment of the said balance of
$613,151.00, bonds numbered one (1) to six hundred fourteen
(614), inclusive, shall be issued in connection with and to
pay said sum under L.I.D. No. 151, and shall be in denominations
of $1000.00 each, except for Bond No. 1, which shall be in
the denomination of $151.00; that all of said bonds shall bear
interest at the rate of 5.25 percent per annum, payable
annually; shall be issued on the 1st day of May, 1968, and
shall be payable on the 1st day of May, 1980.
APPROVED:
Zv
C -
H. H. HARRISON`1 MAYOR
ATTEST:
CITY CLERK
PASSED BY THE CITY COUNCIL: APR 1 6 1961
FILED WITH THE CITY CLERK: APR 1 6
PUBLISHED: APR 2 4 1990
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