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1 ORDINANCE NO.45WV <br /> 2 AN ORDINANCE relating to Local Improvement District <br /> 3 No . 717; fixing the amount , form, date, interest <br /> rates , maturity and denominations of the Local <br /> 4 Improvement District No . 717 Bonds; providing for the <br /> sale and delivery thereof to Harper , McLean & Company <br /> 5 in Seattle, Washington; and fixing the interest rate <br /> on Local Improvement District No . 717 assessment <br /> 6 installments . <br /> 7 THE CITY OF EVERETT DOES ORDAIN: <br /> 8 Section 1 . The total amount of the assessment roll in <br /> 9 Local Improvement District No . 717 in the City of Everett , <br /> 10 Washington (the "City" ) , created under Ordinance No . 1118-85 , <br /> 11 passed by the City Council on March 20 , 1985 , and approved by <br /> 12 the Mayor on March 21 , 1985 , as amended, was $458 , 650 . 00 . The <br /> 13 30-day period for making cash payments of assessments without <br /> 14 interest in the District expired on January 24 , 1989 , and the <br /> 15 total amount of assessments paid in cash was $52 , 418 . 09 , leaving <br /> 16 a balance of assessments unpaid on the assessment roll in the <br /> 17 sum of $406 , 231 . 91 . Local Improvement District No . 717 Bonds <br /> 18 (the "Bonds" ) , therefore, shall be issued in the total principal <br /> 19 sum of $406, 231 . 91 . The Bonds shall be dated March 15 , 1989 , <br /> 20 shall mature on March 15 , 2011 , and shall be numbered from 1 to <br /> 21 81 , inclusive, in the manner and with any additional designation <br /> 22 as the Bond Registrar (collectively, the fiscal agencies of the <br /> 23 State of Washington located in Seattle, Washington, and New <br /> 24 York, New York) deems necessary for the purpose of identifica- <br /> 25 tion. Bond No . 1 shall be in the denomination of $6 , 231 . 91 and <br />