Ordinance 979-83 - Laserfiche WebLink

CITY OF EVERETT, WASHINGTON ORDINANCE NO. 979-83 AN ORDINANCE relating to Local Improvement District No . 702 ; fixing the amount, form, date, interest rates, maturities and denominations of Local Improvement District No . 702 Bonds; providing for the delivery and sale thereof to Wm. P . Harper & Son & Company, a Division of Harper, McLean & Company, in Seattle, Washington; and fixing the interest rate on special assessment installments to be paid in Local Improvement District No . 702 . THE CITY COUNCIL OF THE CITY OF EVERETT DOES ORDAIN: Section 1 . The total amount of the assessment roll in Local Improvement District No . 702 (the "District" ) in the City of Everett, Washington (the "City" ) , created under Ordinance No . 588-79 passed March 14 , 1979, as amended by Ordinance No . 736-80 passed October 15 , 1980, was $1, 727 , 121 . 89 . The 30-day period for making cash payments of assessments without interest in the District expired on July 6, 1983 , and the total amount of assessments paid in cash was $272 , 137 . 67, leaving a balance of assessments unpaid on the assessment roll in the sum of $1,454 , 984 .22 . Local improvement district bonds of the District shall , therefore, be issued in the total principal sum of $1, 454 , 984 .22 (the "Bonds" ) . The Bonds shall be dated November 1, 1983 , and shall be numbered from 1 to 291, inclusive, in the manner and with any additional designation as the Bond Registrar (collectively, the fiscal agencies of the State of Washington located in Seattle, Washington, and New York, New York) deems necessary for the purpose of identification. Bond No . 1 shall be in the denomination of $4 , 984 . 22 and Bonds Nos . 2 to 291, inclusive, shall be in the denomination of $5 , 000 .00 each. Interest shall be computed on the basis of a 360-day year of twelve 30-day months . The Bonds shall bear interest at the