Ordinance 1460ORDINANCE NO. 4��
AN. ORDINANCE STATING THAT THE CASH PRE -PAYMENT
PERIOD FOR L.I.D. NO. 161. 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. 145.3 of the City. of Edmonds
confirming the final assessment roll on L.I.D. No. 161
of the City of Edmonds was passed on the 4th day of
December, 1969, and
WHEREAS, the cash pre -payment period for said
L.I.D. expired on the 16th :day of January, 1970, 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:
Section1. That the total cost of Local Improve-
ment District No. 161 of the City of Edmonds as shown
by the Final Assessment Roll thereon was in the amount of
$612,.352 .58; that the sum of $117, 7.70 ..74 was paid in
cash during the prepayment period of assessments; that
the City of Edmonds participated and paid the sum of
$2,.889.80, leaving a balance of $491,692.04.
Section 2. That in payment of the said balance
of $4.91,6,92.04, bonds numbers one(l) to four -hundred ninety
two (492),inclusive, shall be issued in connection with
and to pay the said sum under L.I.D. No. 161,.and shall
be in denominations of $100.0.00 each, except for Bond
No. 1, which .shall be.in the denomination of $6.92.04;
that all of the said bonds shall bear interest at the
rate of 5.95 % per annum, payable annually; shall be
issued on the 23rd day of February,,1970, and shall
be payable on the 23rd day of February 1982.
APPROVED:
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ATTEST:
PASSED BY THE CITY COUNCIL: January 20,: 1970
FILED WITH THE CITY CLERK: January 20,- 1970
PUBLISHED: January 28, 1970
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