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Ordinance 1655ORDINANCE NO. 1655 AN ORDINANCE STATING THAT THE CASH PRE -PAYMENT PERIOD FOR LID NO. 190 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. 1642 of the City of Edmonds confirming the final assessment roll on LID No. 190 of the City of Edmonds was passed on the 20th day of February, 1973, and WHEREAS, the cash pre -payment period for said LID expired on the 6th day of April, 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. 190 of the City of Edmonds as shown by the Final Assessment Roll thereon was in the amount of $31,452.00, and the sum of $1,937.56 was paid in cash during the pre -payment period for assessments; the City of Edmonds participated and paid the sum of $25,626.68, leaving a balance of $3,887.76. Section 2. In payment of the said balance of $3,887.76, bonds numbered one (1) through fifteen (15) inclusive, shall be issued in connection with and to pay the said sum under LID No. 190, and shall be in denominations of $250.00 each, except for Bond No. 1, which shall be in the denomination of $387.76. All of said bonds shall bear interest at the rate of 6% per annum, payable annually, shall be issued on the lst day of June, 1973, and shall be payable on the lst day of June, 1985. Section 3. Said bonds shall be sold locally by the Deputy City Treasurer at not less than par and accrued interest. ATTEST: IN APPROVED: MAYOR ..O TEM I / CITY CLERK (DEPUTY) PASSED BY THE CITY COUNCIL April 17, 1973 FILED WITH THE CITY CLERK: April 17, 1973 PUBLISHED: April 25, 1973