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Ordinance 1003EMERGENCY ORDINANCE NO. 1003 AN ORDINANCE: PROVI DING FUNDS FOR CITY PARTI CIPATION IN INSTALLA- TION OF SEWERS UNDER LOCAL IMPROVEMENT DISTRICT NO. 107 OF THE CITY OF EDMONDSI,_AND DECLARING AN EMERGENCY. WHEREAS, at a regular meeting of the City Council oft be City of Edmonds held on January 23, 1962, the City agreed to participate in a local improvement is district for the installation of sewers on Admiral Way and Dayton Streets in the City, at an approximate cost to the City of $5200.00, and WHEREAS, pursuant to Resolution of Intention No. 155 passed by the City Council on December 19. 1961, Local Improvement District No. 107 was created by Ordinance No. 919 passed by the City Council on January 23, 1962, providing for the installation of said sewers, and WHEREAS, the funds for city participation in such improvements are pro- vided by Ordinance No. 773, passed on June 7, 1959, providing for issuance of bonds to obtain the funds with which to pay the cost of carrying out a system or plan of additions to and betterments and extensions of the waterworks utility of the City of Edmonds, including the sewerage system as a part thereof, and WHEREAS, such funds are presently in the Water Construction Fund of the City of Edmonds, and WHEREAS, at the time the 1963 budget for the City of Edmonds was passed, no provision, was made therein for City participation in this particular improve- ment, the need for such specific provision being unknown to the City, and WHEREAS, the said sum of $5200.00 and accumulated interest thereon was expended under local improvement district No. 107 and must be provided • for, and WHEREAS, since no funds were budgeted therefor, an emergency exists with respect to the repayment thereof, NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF EDMONDS DOES ORDAIN: AW -so- Section 1. The City of Edmonds shall reimburse local improvement District Fund No. 107 in the sum of $5200.00, plus interest accrued to date of payment, as the City's agreed participation in such local improvement district. Section 2. The City Treasurer of the City of Edmonds is hereby di- rected to issue a check or warrant in payment of said sum, upon presentation 0 of an approved voucher, from the Water Construction Fund, pursuant to the provisions of ordinance number 773 of the City of Edmonds. Section 3. The said sum of $5200.00, plus interest accrued to date of payment, shall be set up as an addition to the funds provided by the 1963 bud- get for expenditure from the Water Construction Fund. Section 4. An a.-nergency is hereby declared to exist with regard to payment of the aforesaid sum, as the necessity therefor was not forseen and no funds were budgeted t • pay for the same. Section 5_ This Ordinance shall take effect immediately upon its pass- age and publication as required by law. MAYOR ATTEST: CITX CLERK Passed — �s 24, Published: ^ 7 — �_�__1 -- Filed with City Clerk: July 2,_1963 •