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Ordinance 1394bORDINANCE NO.13 �__ AN ORDINANCE STATING THAT THE CASH PRE -PAYMENT PERIOD FOR L.I.D. NO. 160 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. 1384 of the City of Edmonds confirming the final assessment roll on L.I.D. No. 160 of the City of Edmonds was passed on the 3rd day of September, 1968, and WHEREAS, the cash pre -payment period for said LID ex- pired on the 18th day of October, 1968, 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. That the total cost of Local Improvement District No. 160 of the City of Edmonds as shown by the Final Assessment Roll thereon was in the amount of $23,229.69, that the sum of $3,571.30 was paid in cash during the pre -payment period for assessments; that the City of Edmonds participated and paid the sum of $8,723.69, leaving a balance of $10,934.70. Section 2. That in payment of the said balance of $10,934.70, bonds numbered one (1) to twenty-two (22) inclusive, shall be issued in connection with and to pay the said sum under LID No. 160, and shall be in denomina- tions of $500.00 each, except for Bond No. 1, which shall be in the denomination of $434.70; that all of said bonds shall bear interest at the rate of 5 1/4% per annum, pay- able annually; shall be issued as of the lst day of December, 1968, and shall be payable on the lst day of December, 1980. Section 3. That the said bonds shall be sold locally by the City Treasurer at not less than par and accrued interest. APPROVED: MAYOR ATTEST: CITY CLERK PASSED BY THE CITY COUNCIL: November 5, 1968 FILED WITH THE CITY CLERK: November 5, 1968 PUBLISHED: November 13, 1968 -2-