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RESOLUTION NO. c2WiP'/9 <br /> A RESOLUTION authorizing the issuance of installment notes <br /> for financing the cost of L. I .D. 704 - Alley Underground Wiring <br /> and establishing the interest rate on the installment notes and <br /> the outstanding L. I .D. assessments . <br /> WHEREAS, RCW Chapter 35 . 45 authorizes the City to issue <br /> installment notes to provide permanent financing for the costs <br /> incurred in local improvement districts , and <br /> WHEREAS, the interest rate on the installment notes and on <br /> the outstanding LID assessments must be established by City <br /> Council . <br /> NOW, THEREFORE, BE IT RESOLVED by the City Council of the <br /> City of Everett : <br /> That the Mayor is authorized to sign installment notes on <br /> LID 704 - Alley Underground Wiring in an amount not to exceed <br /> $192, 000. 00 and maturing no later than March 31, 1996, and <br /> That the rate of interest on the installment notes and on <br /> the outstanding LID assessments is set at Nine per cent ( 9% ) <br /> per annum. <br /> A <br /> 60 C QD ' i , OF <br /> Council Member Introducing Resolution <br /> PASSED AND APPROVED this / f day of December , 1985 <br /> A.. • . - I A6 ., <br /> III <br /> Cos President <br />