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Resolution # <br /> Page 2 <br /> NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF <br /> EVERETT DOES HEREBY RESOLVE: <br /> LID' s coming to closure after November 30, 1990, will <br /> be required to contribute to the Guaranty Fund an amount <br /> equal to 5% of the cost of the LID; provided that existing <br /> single family or low density multiple residences shall be <br /> exempt from said requirement and the requirement shall not <br /> cause the total assessment on any property to exceed the <br /> special benefits attributable to the improvement . <br /> , 0 , <br /> Council Member Introducing Resolution <br /> PASSED AND APPROVED this a$ `day of November, 1990. <br /> CouncilWitnt <br /> V <br /> WDTRSBLV #1 <br />