Laserfiche WebLink
ORDINANCE NO. /40: d24.. a <br /> AN ORDINANCE of the City of Everett, Washington, <br /> relating to Local Improvement District No . 713 ; <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 . 1130-85; and providing for the sale and delivery <br /> of such notes to Harper, McLean & Company, Seattle, <br /> Washington. <br /> WHEREAS, by Ordinance No . 1109-85 passed by the City <br /> Council on February 20 , 1985 , and approved by the Mayor on <br /> February 23 , 1985, the City ordered the improvement in the area <br /> of Evergreen Way in the City by the acquisition, construction <br /> and installation of standard street system and sanitary sewer <br /> system improvements all in accordance with Resolution No . 2526 <br /> of the City Council , established Local Improvement District No . <br /> 713 , provided that payment for the improvement be made 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, pursuant to Ordinance No . 1174-85 , the City issued <br /> its $2 , 035 , 000 par value of Local Improvement District No . 713 <br /> Bond Anticipation Notes dated October 22 , 1985 , and maturing on <br /> October 1, 1986 (the " 1985 Notes" ) , for the purpose of paying a <br /> part of the cost of carrying out the improvements ordered in <br /> Local Improvement District No . 713 ; and <br />