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Y r <br /> • <br /> 1 ORDINANCE NO. 1743-90 <br /> 2 <br /> 3 AN ORDINANCE relating to Local Improvement <br /> District No . 724 , amending Ordinance No . 1734-90 . <br /> 4 <br /> 5 THE CITY OF EVERETT DOES ORDAIN: <br /> 6 Section 1 . Section 10 of Ordinance No . 1734-90 which reads : <br /> 7 Section 10 . Immediately upon receipt of proceeds <br /> 8 of the issuance of the Bonds, $49 , 930 of Bond proceeds <br /> 9 shall be deposited in the Local Improvement Guaranty <br /> 10 Fund. The remaining Bond proceeds shall be used to <br /> 11 reimburse the City for expenses incurred in <br /> 12 constructing and financing improvements within Local <br /> 13 Improvement District No . 724 . Accrued interest, if <br /> 14 any, received from the Bond purchasers shall be <br /> 15 deposited in the Bond Fund. <br /> 16 is hereby amended to read hereafter as follows : <br /> 17 Section 10 . Immediately upon receipt of proceeds <br /> 18 of the issuance of the Bonds , $39 , 227 . 84 of Bond <br /> 19 proceeds shall be deposited in the Local Improvement <br /> 20 Guaranty Fund. The remaining Bond proceeds shall be <br /> 21 used to reimburse the City for expenses incurred in <br /> 22 constructing and financing improvements within Local <br /> 23 Improvement District No . 724 . Accrued interest , if <br /> 24 any, received from the Bond purchasers shall be <br /> 25 deposited in the Bond Fund. <br />