Laserfiche WebLink
Section 4: In accordance with the providions of RCW 35.44.047, the City <br /> may use any method or combination of methods to compute assessments which may <br /> I <br /> be deemed to fairly reflect the special benefits to the properties beings <br /> J <br /> '' assessed. I <br /> Section 5: Local improvement district warrants may be issued in payment', <br /> I, of the cost and expense of the improvement herein ordered to be assessed, such, <br /> ` I warrants to be paid out of the Local Improvement Fund, District No. 726 , S <br /> g II !S hereinafter created and referred to as the Local Improvement Fund, and, until' <br /> SS the bonds referred to in this section are issued and delivered to thel <br /> I 1 <br /> i; purchaser thereof, to bear interest from the date thereof at a rate to bel <br /> SI, established hereafter by the City Treasurer, as issuing officer, and to be <br /> h redeemed in cash and/or by local improvement district bonds herein authorized' <br /> SI <br /> .` Si to be issued, such interest-bearing warants to be hereafter referred to as <br /> .p <br /> "revenue warrants." In the alternative, the City hereafter may provide by <br /> ',II ordinance for the issuance of other short-term obligations pursuant to Chapter <br /> N 39.50 RCW. <br /> , The City is authorized to issue local improvement district bonds for the <br /> af District which shall bear interest at a rate and be payable on or before a' <br /> date to be hereafter fixed by ordinance. The bonds shall be issued in <br /> a_F ,I exchange for and/or in redemption of any and all revenue warrants issued; <br /> hereunder or other short-term obligations hereafter authorized and notI <br /> redeemed in cash within twenty days after the expiration of the thirty-dayl <br /> period for the cash payment without interest of assessments on the assessment, <br /> is` <br /> `'. <br /> roll for the District. The bonds shall be redeemed by the collection ofi <br /> r special assessments to be levied and assessed against the property within the <br /> i <br /> District, payable in annual installments, with interest at a rate to be'; <br /> i <br /> hereafter fixed by ordinance under the mode of "payment by bonds," as defined,, <br /> ., by law and the ordinances of the City. The exact form, amount, date, interest <br /> ;. rate and denominations of such bonds shall be hereafter fixed by ordinance of <br /> r` the City Council. Such bonds shall be sold in such manner as the City Council <br /> :M< shall hereafter determine. <br /> 1 <br />