HomeMy WebLinkAboutORD 2232 ! /�iXin � The t�rnuwhd- be�n� ��Mteh�r4Jea1 -
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�1N �RDINATdCE OF�THE CIT'Y OF RENTON, t�dASHINGa0i�1, FI�:IIYG THE
AIy[Ot3NT, FORI�'L, UE1TE, INTEREST AIdD RA�E OP I+�17'URITY OF INSTALLMEN2
NOTE,DIRLE�ING THE TSSiJANCE AND SALE TfiER�OY� UN'TO THE CITY 4F
� BF�"ON FIRL�MEN`S PEIVSION Ft3ND, RELATiNG TO TACAL IMPR+CIVEMENT
DIS�EtICT N0, 254
BE IT ORD�IINED BY THE M61YOR AND �E CIfiY COUNCIL OF THE CITY 0� RENTON,
inTASHINGTOP3; AS FOLLOWS;
sECTiON I: That the total. ac:ouat of the asoe�s�aexzt roll Loc�tl Improver,�e�zt
District No. 234 '.as heretofore revised, approved a�zd co.ifiraed by the City Cou�ici2
under date of February 2�, 1966 as per City of Re�itoLi Ordina�ice Nc;. 2218 waa ie� the
sum of $_�6,738.77 , aad
Th� ti��irty day period for c�_aki�3g c�siz payc�et�t3 of assess��e.its without
iiiterest f�� said District expired o.� April 9 , 1966 a.id the total a�ount of assesarae:3ts
paid i�i c��iz was the sur� of $ 4,097.33, leavi�i� a balar�ce of a�sessL�ents unpaid oii the
assessneLit roll ia the suc; of $ 2,641.44. . Therefore a;a installr�ent note in the
totaZ prcincipal au�ount of $ 2,641.44 shall be issued to the City of Rentoz Fir eme..'s
Pe�sto�3 Fu�zd a�id said r�ote and pay�eLit record therefor shall be i�i the for� -a�t�c�ed
hereto, labeled Exhibit ''A" a�3d nade a part of this Ordi�zance as if fuliy set forth
herei�i, wtrich note and pay�,eY�t record shail be issued as provided for by Chapter 165,
S�s s io-� Laws of 1961�.
SEC'ii�f II: Said iristallaent �iote, shail "be sig�ied by the Mayor and attested
to by the City Clerk and shall have the 6eal of the Ctty of Renton affixed thereto.
SECTIOAS �iI: in accorda��ce wfth the offer of the Fire�en's p;:nsion Fu.1d, duly
accQgted by the City Council on February 25, 1966, said i.ufia2lQent shall i�distely be
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d elivered to said Fireme�►'s PeLzs io1� Fu�zd i:i exc2i�nge €or the principal amount of said
s
note, together with accrued i��terest, and said .iote shall �iear i.zterest at the sate of
4,75� per annum.
SECTION iV: The aforesaid _aote a:rd a��y no�z-interest bearin� default of ii�st�ll-
ment iriterest certificat� shall be subject to the sa�se rede�ption priviZeges as applied .
to any Local Ic�provenant District boiid� aLid warrants as i�ow provided for fn R.C.W. 35.5�
et se�. ,,
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PASSED B'Y TtiIE CITY GOUNC�L THIS �� day of April, 1966.
. ��i�i�P�l� /%���Citi-c���./_�i� ,
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� �Gwen Marshall, Deputy City Clerk
AYPROi�ED �3Y THE PfAYOR Lhis ��day of Apri.l, 19 .
�( �titG%l�GZ. �.G� Fic, �
Af'PROVED AS `�'0 �ii�i: Do�.4ald t�. Guster, Mayar
� r�erard M. StielZa�i, City Attorney
DATE OF PUBLICATION APR 2 0 1966