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• <br /> ORDINANCE NO.;.: 7,X <br /> AN ORDINANCE of the City of Everett, Washington, <br /> providing for the issuance and confirming the <br /> sale of bonds in Local Improvement District <br /> No. 696 of the city in the principal amount <br /> of $83,312 , and declaring an emergency. <br /> WHEREAS, the improvements provided for in Ordinance No. <br /> 241-73 of the City of Everett, Washington (hereinafter called the <br /> "City") , in Local Improvement District No. 696 have been completed, <br /> and it is necessary that bonds of such local improvement district <br /> be now issued in order to provide the funds necessary to pay all <br /> of the costs of said improvements; and <br /> WHEREAS, the total cost attributable to the property owners <br /> within such local improvement district of acquiring, constructing <br /> and installing such improvements , plus all costs incidental thereto, <br /> is $101,600 and the assessment roll in said district for such improve- <br /> ments in the total amount of $101,600 has been confirmed by Ordinance <br /> No. 329-74; and <br /> WHEREAS , $18 ,288 of the assessments on said assessment <br /> roll were paid during the 30-day period permitted by law for the <br /> payment of assessments or any part of the same without penalty, <br /> interest or costs ; and <br /> WHEREAS , it is necessary that the city now issue bonds of <br /> Local Improvement District No. 696 in the total principal amount of <br /> $83, 312.00 to pay the costs of the improvements in said local <br /> improvement district; and <br /> WHEREAS , the Council of the City on November 6 , 1974 , <br /> accepted the written offer of Wm. P. Harper & Son & Company, an <br /> investment banking corporation of Seattle, Washington, to purchase <br /> said bonds at the interest rate and the terms and conditions as <br /> hereinafter set forth; and <br /> I <br />