Ordinance 212-72 - Laserfiche WebLink

• • CITY OF EVERETT, WASHINGTON ORDINANCE NO. AN ORDINANCE providing for the refunding of the outstanding Local Improvement District No. 687 Installment Note by the issuance and sale of Local Improvement District No. 687 Bonds; fixing the amount, form, date, interest rate, maturity and denominations of such bonds; and directing the issuance and sale thereof to Wm. P. Harper & Son & Company of Seattle, Washington, and declaring an emergency to exist. WHEREAS , pursuant to Ordinance No. 30-69 , passed by the City Council and approved by the Mayor on December 2 , 1969 , Local Improvement District No. 687 was created for the improvement of Hardeson Road from SR 526 to a point approximately 3500 ft. north, and of an unnamed street (about 78th Street) from Hardeson Road to a point approximately 3100 ft. west, by the construction of sanitary sewers and a lift station, together with the necessary appurtenances , and by doing such other work as may be necessary in connection therewith to make a complete improvement, all in accordance with plans and specifications prepared by the City Engineer; and WHEREAS , pursuant to Ordinance No. 135-71, passed by the City Council and approved by the Mayor on April 7, 1971, the assessments and assessment roll of Local Improvement District No. 687 were approved and confirmed in the total amount of $178 , 780 .05 , and $15 ,622. 99 was paid in cash during the 30-day cash prepayment period, leaving a total amount unpaid of $163, 157 .06 , and under date of May 27, 1971, the City issued and sold to the Local Improvement Guaranty Fund of the City its Installment Note in the amount of $163,157.06 ; and WHEREAS, under the provisions of RCW 35 .45 .155, any city is authorized to refund such note or the principal thereof then outstanding payable from any one local improvement district fund by the issuance of local improvement district bonds pursuant to