HomeMy WebLinkAboutORD 2569 + �
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� ORDINANCE N0. ���g �,
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AN ORDINANCE OF THE CITY OF RENTON, WASHINGTON, FIXING
THE AMOUNT, FORM, DATE, INTEREST AND RATE OF MATURITY
OF INSTALLMENT NOTE, DIRECTING THE ISSUANCE AND SALE
THEREOF UNTO THE CITY OF RENTON FIREMEN' S PENSION FUND,
PERTAINING TO LOCAL IMPROVEMENT DISTRICT N0. 264
BE IT ORDAINED BY THE MAYOR AND THE CITY COUNCIL OF THE CITY OF
RENTON, WASHINGTON, AS FOLLOWS :
SECTION I: That the total amount of the assessment roll of Local
Improvement District No. 264 as heretofore revised, approved and con- ,
firmed by the City Council under date of March ��j , 1990 as per City
of Renton Ordinance No.�',�'�'� was in the sum of $35 ,291. 16 . The
thirty (30 ) day period for making cash payments of assessments without
interest in said District expired on May 8 , 1970 , and the total amount
of assessments paid in cash was the sum of $9 ,125 . 28 leaving a balance
of assessments unpaid on the assessment roll in the sum of $26 ,165 . 88 .
Therefore an installment note in said princi�al sum of $26 ,165 . 88
shall be issued to the City of Renton FiremenTs Pension Fund and said
note and payment record therefor shall be in the form attached hereto ,
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labeled Exhibit 'fA" and made a part of this Ordinance as if fully set
forth herein, which note and payment record shall be issued as
provided for by Chapter 165 , Session Laws of 1961. Said note shall
bear interest at the rate of 6 . 2% per annum.
SECTION II : Said insiallment note shall be signed by the Mayor
and attested to by the City Clerk andshall have the seal of the City
of Renton affixed thereto.
SECTION. III : In accordance with the offer of the Firemen' s
Pension Fund, duly accepted by the City Council on the ��'� day of
cJ�C/� � , 196"�:, said installment note shall immediately be delivered
to said Firemen' s Pension Fund in exchange for the principal amount
of said note , together with accrued interest , at the rate of 6 . 2% per
annum. �
SECTION IV : The aforesaid note and any non-interest beari.ng
default of installment interest certificates s.hall be subject to the
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same redemption privileges as applied to any Local Improvement
District bonds and warrants as provided for in RCW 35 . 54 et seq.
PASSED BY THE CITY COUNCIL this 18th day of May, 1970 .
`��.��--`��l�,c��-�r�/�/
Helmie Nelson, City �lerk
APPROVED BY THE MAYOR this 18th day of May, 1970 .
!�/Z�"�
very�arr`ett , May�Sr
; pproved as to form:
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G� �'-'ti
� er rd M. Shellan, City L�ttorney
Date of Publication MAY 2.2 �1970 � _ ;:�• �` -�
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'" � ' CITY QF RENTON, WASKINGTON
LOCAL IMPROVEMENT DTSTRICT INSTALLMENT NOTE �
Exhibi� "A" - Ordinance No. 2569
Nate No . ZZ
Date �I��l��
I ?'O THE CITY TRBA,SFJR,ER :
Pay 2�werztu-�six. thousand , one hundred. sixtz�-five anc� � 26:,.ZF5. 8R
88/20p .do.Zlars ,
aut af Loca1 Improvement District No. 264 fund, either in cash,
L.I.D. Bands or Warrants , pursuant to provisions of 1aw pertaining
thereto ,
TO THE OFZDER OF C.it� of Renton Firemen 's Pension Fund
Payments sha11 be made on the principal af this P7ote not less than
ance each year for a periad not to exceed 10 years from issue da�e
by the Citr.� Treasurer. This note sha11 bear interest on the unpaid
balance at ._the rate of 6, 2 % per annum fram the issue date until the
principal amount thereof is fully paid.
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Ci t� C.Zerk
p�,l o —���'�-
� Mayor
Y
PAYMENT RECQRD
Installment� � Zn�erest� Pr�ncipal � Balance �
Number 17ate Pa men� Fa ment Outstanding Si�ned
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