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ORDINANCE NO. 4,5, 9a 4e4P <br /> AN ORDINANCE of the City of Everett, Washington, <br /> relating to Local Improvement District No . 719 ; <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 . 1141-85 ; and providing for the sale and delivery <br /> of such notes to Harper , McLean & Company, Seattle, <br /> Washington. <br /> WHEREAS, by Ordinance No . 1141-85 passed by the City <br /> Council on June 12 , 1985 , and approved by the Mayor on June 13 , <br /> 1985 , the City ordered the improvement of a portion of the City <br /> by the construction and installation of a sanitary sewer and <br /> necessary appurtenances in the Silver Lake area of the City <br /> pursuant to property owners ' petition therefor , established <br /> Local Improvement District No . 719 , provided that payment for <br /> the improvement be made by special assessments upon the property <br /> in the district payable by the mode of "payment by bonds" and <br /> provided for the issuance and sale of local improvement district <br /> warrants or other short-term obligations redeemable by cash <br /> and/or by local improvement district bonds ; and <br /> WHEREAS, pursuant to Ordinance No . 1180-85 , the City issued <br /> its $3 , 000, 000 par value of Local Improvement District No . 719 <br /> Bond Anticipation Notes dated November 4 , 1985 , and maturing on <br />