Ordinance 1739-90 - Laserfiche WebLink

• purpose, including deposit into the Bond Fund for the payment of the Bonds. Moneys in the Projects Fund may be invested as permitted by law. Any moneys of the City to be used to pay costs of the Project which are not Bond proceeds shall not be deposited in the Projects Fund. SECTION 15. Assessed Value and Existing Bonded Debt. The actual value of the taxable property within the City as ascer- tained by the Snohomish County Assessor in 1989 for purposes of 1990 taxation is $3, 162 , 211, 221. The principal amount of out- standing non-voted general obligation bonded indebtedness of the City, including the principal amount of the Bonds and the Series B Bonds, as of August 31, 1990, is $16,840, 250. The principal amount of outstanding general obligation bonded indebtedness of the City, whether voted or non-voted, including the principal amount of the Bonds and the Series B Bonds, as of August 31, 1990, is $24,445, 250. SECTION 16. Sale of the Bonds. The Bonds shall be sold at public sale and bids for the purchase of the Bonds shall be publicly opened, read and considered at City Hall, 3002 Wetmore, Everett, Washington at such time and on such date as the Finance Director of the City shall direct but not later than October 10, 1990. The City Clerk is hereby authorized and directed to publish a notice of such sale in a newspaper of general circulation within the City, and in such other papers or financial journals as may be deemed desirable or appropriate by the financial consultant of the City. Such notice of sale shall be substantially consistent with the notice of sale appended hereto as Exhibit A and by this reference incorporated herein, and may be published in abbreviated form. -23- KR112 90/09/17