Ordinance 1651ORDINANCE NO. 1651
AN ORDINANCE STATING THAT THE CASH PRE-PAY14ENT
PERIOD FOR LID NO. 172 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. 1637 of the City of Edmonds
confirming the final assessment roll on L.I.D. No. 172 of the
City of Edmonds was passed on the 30th day of January, 1973,
and
WHEREAS, the cash pre -payment period for said LID
expired March 16, 1973, 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:
Section 1. The total cost of Local Improvement District
No. 172 of the City of Edmonds as shown by the Final Assessment
Roll thereon was in the amount of $95,107.41, and the sum of
$15,022.00 was paid in cash during the pre -payment period for
assessments; the City of Edmonds participated and paid the sum
of $38,537.41, leaving a balance of $41,548.00.
Section 2. In payment of the said balance of $41,548.00,
bonds numbered one (1) through forty-two (42), inclusive, shall be
issued in connection with and to pay the said sum under LID No. 172,
-.335k
and shall be in denominations of $1,000 each, except for bond
No. 1, which shall be in the denomination of $548.00. All of
said bonds shall bear interest at the rate of 6% per annum,
payable annually, shall be issued on the lst day of May, 1973,
and shall be payable on the 1st day of May, 1985.
APPROVED:
I)ezrowle kr)0'00N� NWN��
ATTEST:
CITY CLERK
PASSED BY THE CITY COUNCIL: March 20, 1973
FILED WITH THE CITY CLERK: March 20, 1973
PUBLISHED: March 28, 1973