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• <br /> ORDINANCE NO. /4 - ?' <br /> AN ORDINANCE of the City of Everett, Washington, <br /> relating to local improvement districts ; establishing <br /> Consolidated Local Improvement District No . 2 and the <br /> Consolidated Local Improvement Fund, District No . 2 ; <br /> fixing the amount , form, date, interest rates , <br /> maturities and denominations of the Consolidated <br /> Local Improvement District No . 2 Bonds ; providing for <br /> the sale and delivery thereof to Harper , McLean & <br /> Company in Seattle, Washington; and fixing the <br /> interest rate on local improvement district assess- <br /> ment installments . <br /> WHEREAS, the City Council of the City of Everett , <br /> Washington (the "City" ) , heretofore has created Local Improve- <br /> ment Districts Nos . 713 , 714"A" ("714A" ) , 716A, 721 and 723 for <br /> various purposes; and <br /> WHEREAS, the City Council of the City heretofore has ap- <br /> proved and confirmed assessments and assessment rolls in Local <br /> Improvement Districts No . 713 , 714A, 716A, 721 and 723 , in- <br /> cluding assessments against the property in Local Improvement <br /> Districts Nos . 714A, 716A and 721 to pay the cost of increases <br /> in the Local Improvement Guaranty Fund of the City; and <br /> WHEREAS, RCW 35 . 45 . 160 authorizes the establishment of <br /> consolidated local improvement districts for the purpose of <br /> issuing bonds only and provides that if the governing body of <br /> any municipality orders the creation of such consolidated local <br /> improvement district, the money received from the installment <br /> payment of the principal of and interest on assessments levied <br /> within the original local improvement districts shall be <br />