Ordinance 127-71 - Laserfiche WebLink

ORDINANCE NO. /... 7- 7 / AN ORDINANCE of the City of Everett , Washington, providing for the issuance of bonds in Local Improvement District No. 683 of the City in the principal amount of $754 ,080 . 73; and declaring an emergency . WHEREAS, the improvements provided for in Ordinance No. 4322 of the City of Everett , Washington (hereinafter called the "City" ) , as such ordinance was amended by Ordinance No. 4330 , in Local Improvement District No. 683 have been completed, and it is necessary that bonds of such local improvement district be now issued in order to provide the funds necessary to pay all of the costs of said improvements ; and WHEREAS, the total cost attributable to the property owners in such local improvement district of acquiring, constructing and in- stalling said improvements plus all costs incidental thereto is $754 ,080 . 73, and the assessment roll in said district in such total amount of $754 ,080 . 73 has been confirmed by Ordinance No. 109-71; and WHEREAS, none of the assessments on said assessment roll were paid during the 30-day period permitted by law for the payment of assess- ments or any part of the same without penalty , interest or costs ; and WHEREAS, it is necessary that the City issue bonds of said local improvement district in the total principal amount of $754 ,080 . 73 to pay the costs of said local improvement district ; and WHEREAS, the Council of the City on February 10 , 1971 accepted the written offer of even date of Foster & Marshall Inc . , an investment banking corporation of Seattle, Washington, and Associates to purchase said bonds at the interest rate , the prices , and the terms and conditions thereof as hereinafter set forth; and WHEREAS , it is necessary that the date , form, terms , amount , interest rate and maturity of said bonds now be fixed; NOW, THEREFORE, THE CITY OF EVERETT, WASHINGTON, DOES ORDAIN: