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ORDINANCE NO. /3z3U 'i, <br /> AN ORDINANCE of the City of Everett , Washington , <br /> relating to Local Improvement District No . 716A; <br /> authorizing the issuance and sale of local improve- <br /> ment district bond anticipation notes pending the <br /> receipt of the proceeds of the local improvement <br /> district bonds authorized to be issued by Ordinance <br /> No . 1185-85 ; and providing for the sale and delivery <br /> of such notes to Harper, McLean & Company, Seattle, <br /> Washington. <br /> WHEREAS, by Ordinance No . 1185-85 passed by the City <br /> Council on November 13 , 1985 , and approved by the Mayor on <br /> November 18 , 1985 , the City ordered the improvement of a portion <br /> of the City by the acquisition of property and the construction <br /> of 3rd Avenue S.E. , from Everett Mall Way South to 104th Street <br /> S.E. , with complete standard street system improvements, includ- <br /> ing a storm water system, water lines, traffic signal and neces- <br /> sary appurtenances , within the City, all pursuant to Resolution <br /> No . 2628 adopted October 23 , 1985 , and, after a public hearing <br /> thereon, established Local Improvement District No . 716A, <br /> provided that payment for the improvement be made in part by <br /> special assessments upon the property in the district payable by <br /> the mode of "payment by bonds" and provided for the issuance and <br /> sale of local improvement district warrants or other short-term <br /> obligations redeemable by cash and/or by local improvement <br /> district bonds ; and <br /> WHEREAS, the City Council deems it to be in the best <br /> interest of the City that the City borrow money and issue its <br />