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this ordinance from the end of the respective prepayment periods <br /> of the three districts , being February 13 , 1988 , to the date of <br /> such payment . <br /> Section 13 . Accrued interest on the Bonds , if any, <br /> received from the sale and delivery of the Bonds shall be <br /> deposited in the Bond Fund . The principal proceeds received <br /> from the sale and delivery of the Bonds shall be deposited as <br /> follows : (a) sufficient amounts shall be deposited in the local <br /> improvement funds of Local Improvement Districts Nos . 713 , 714A, <br /> 716A, 721 and 723 to pay and retire all interim financing, both <br /> principal and interest , and to pay all remaining unpaid costs of <br /> the improvements in those local improvement districts , except <br /> the costs of providing for increases in the Local Improvement <br /> Guaranty Fund of the City; and (b) the balance of such proceeds, <br /> after paying all costs of issuance of the Bonds, shall be <br /> deposited in the Local Improvement Guaranty Fund of the City to <br /> accomplish the intended increases of that fund. <br /> Section 14 . Harper , McLean & Company in Seattle, <br /> Washington, has submitted an offer to purchase all of the Bonds <br /> at a price set forth in its offer on file with the City, the <br /> City to furnish the printed Bonds and the approving legal <br /> opinion of Foster Pepper & Shefelman, municipal bond counsel of <br /> Seattle, Washington, at the City' s expense. Bond counsel shall <br /> not be required to review or express any opinion concerning the <br /> completeness or accuracy of any official statement , offering <br /> circular or other sales material issued or used in connection <br /> - 11 - <br />