Ordinance 2064ORDINANCE NO. 2064
AN ORDINANCE OF THE CITY OF EDMONDS, WASHINGTON,
STATING THAT THE CASH PRE -PAYMENT PERIOD FOR L.I.D
NO. 203 OF THE CITY OF EDMONDS HAS EXPIRED; GIVING
THE TOTAL OF THE ASSESSMENT ROLL THEREON AND THE
AMOUNT RECEIVED AS CASH PRE -PAYMENT OF ASSESSMENT;
AND STATING THE AMOUNT AND NUMBER OF BONDS TO BE
ISSUED IN CONNECTION THEREWITH.
WHEREAS, Ordinance No. 2051 of the City of Edmonds
confirming the Final Assessment Roll on L.I.D. No. 203 of the
City of Edmonds was passed on the 2nd day of February, 1979,
and
WHEREAS, the cash pre -payment period for said
L.I.D. expired on the 26th day of March, 1979, and
WHEREAS, the denominations of the bonds, and their
date of payment and issue for the said Local Improvement
District should be incorporated herein 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. The total cost of Local Improvement
District No. 203 of the City of Edmonds as shown on the
Final Assessment Roll thereon was in the amount of $168,743.51,
and the sum of $23,172.98 was paid in cash during the pre-
payment period for assessments, leaving a balance of $145,570.53.
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Section 2. In payment of the said balance of
$145,570.53, bond number one (1) through One Hundred Forty -
Five (145), inclusive shall be issued in connection with and
to pay the said sum under L.I.D No. 203, and shall be in
denominations of $1,000.00 each, except bond number one,
which shall be in the denomination of $1,570.53; and all of
said bonds shall bear interest at the rate of 6-1/2 percent
per annum payable annually and shall be issued on the 1st
day of May, 1979, and shall be payable on the lst day of
May, 1991.
Section 3. Said bonds shall be sold locally by
the Finance Director at not less than par and accrued interest.
Section 4. This Ordinance shall be in full force
and effect five (5) days after publication and posting as
required by law.
APPROVED:
MAYOR, H. H. HARRISON
ATTEST/AUTHENTICATED:
CITY CLERK, IRE3E VARNEY MORAN
APPROVED AS TO FORM:
OFFICE OF THE CITY ATTORNEY:
1 ao L%-o
FILED W14H THE CITY CLERK: April 10, 1979
PASSED BY THE CITY COUNCIL: April 10, 1979
POSTED: April 11, 1979
EFFECTIVE DATE: April 16, 1979
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AFFIDAVIT OF POSTING ORDINANCE
STATE OF WASHINGTON )
) ss:
COUNTY OF SNOHOMISH )
Irene Varney Moran , being first duly sworn
on oath deposes and says that S he is over the age of eighteen
(18) years and is competent to testify as to the matter
stated herein.
On the 11th day of April , 197 9 , affiant
posted true and correct copies of the attached Ordinance No.
206:4 , passed by the City Council on the
April
1Oth day of
, 197 9, at the three official posting places
for City notices which are the public bulletin boards at
the following locations:
Edmonds Civic Center
250 Fifth Avenue North
Edmonds, Washington 98020
Edmonds Public Library
Civic Center
250 Fifth Avenue North
Edmonds, Washington 98020
Edmond Branch of the
United States Post Office
201 Main Street
Edmonds, Washington 98020.
DATED this 11 th day of April , 197_2_.
SUBSCRIBED AND SWORN to before me this day of
Gj 19 7.
N tar Public in and for the
State f Washington, residing
at