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i <br /> Section 4: In accordance with the providions of RCW 35.44.047, the City <br /> ay use any method or combination of methods to compute assessments which may <br /> e deemed to fairly reflect the special benefits to the properties being <br /> assessed. <br /> Section 5: Local improvement district warrants may be issued in payment <br /> f the cost and expense of the improvement herein ordered to be assessed, such <br /> arrants to be paid out of the Local Improvement Fund, District No. 727 , <br /> ereinafter created and referred to as the Local Improvement Fund, and, until <br /> the bonds referred to in this section are issued and delivered to the <br /> iurchaser thereof, to bear interest from the date thereof at a rate to be <br /> -stablished hereafter by the City Treasurer, as issuing officer, and to be <br /> redeemed in cash and/or by local improvement district bonds herein authorized <br /> o be issued, such interest-bearing warants to be hereafter referred to as <br /> "revenue warrants." In the alternative, the City hereafter may provide by <br /> ordinance for the issuance of other short-term obligations pursuant to Chapter <br /> ;9.50 RCW. <br /> The City is authorized to issue local improvement district bonds for the <br /> District which shall bear interest at a rate and be payable on or before a <br /> date to be hereafter fixed by ordinance. The bonds shall be issued in <br /> -xchange for and/or in redemption of any and all revenue warrants issued <br /> ereunder or other short-term obligations hereafter authorized and not <br /> (redeemed in cash within twenty days after the expiration of the thirty-day <br /> period for the cash payment without interest of assessments on the assessment <br /> roll for the District. The bonds shall be redeemed by the collection of <br /> special assessments to be levied and assessed against the property within the <br /> District, payable in annual installments, with interest at a rate to be <br /> hereafter fixed by ordinance under the mode of "payment by bonds," as defined <br /> by law and the ordinances of the City. The exact form, amount, date, interest <br /> rate and denominations of such bonds shall be hereafter fixed by ordinance of <br /> :the City Council. Such bonds shall be sold in such manner as the City Council <br /> shall hereafter determine. <br /> I <br /> 1 <br /> I <br />