HomeMy WebLinkAboutORD 2621 ` � .
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ORDINANGE N0. o? �o,��
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 THE LOCAL
IMPROVEMENT DISTRICT N0. 267
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 �
Zmprovement District No. 267 as heretofore revised, approved and con-
firmed by the City Council under date of January ���; 1971 as per City
of Renton Ordinance No .��r/� was in the sum of $156,703 . 15 . The thirty
( 30) day period for making cash payments of assessments without interest
in said� District expired on February 27 , 1971, and the total amount of
assessments paid in cash was the sum of $41,418 . 32 leaving a balance
of assessments unpaid on the assessment roll in the sum of $115 ,284 . 83 .
Thex�efore an installment note in said principal sum of $115 , 284 . 83
shall be issued to the City of Renton Firemen's Pension Fund and said '
note and payment record therefor shall be in the form attached hereto I�
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labeled Exhibit "A'i 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 . 20o per annum. '
SECTION II: �d installment note shall be signed by the Mayor and
attested to by the City Clerk and shall have the seal of the City of
Renton affixed thereto. 'I
SECTION III : In accordance with the offer of the Firemen' s Pension I
Fund, � duly accepted by the City Council on the � day of G�� ' 19��, I
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 . 20o per annum.
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SECTION IV: The aforesaid note and any non-interest bearing
default of installment interest certificates shall be subject to the
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 ��day of March, 1971.
`�.��.��-J /'/.�..�.�J
HELMIE NELSON, City Cl.erk "
APPROVED BY THE MAYOR this0� day of March, 1971.
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G RE'I'T, Mayor
Ap,p,�o,v.e d as t o f o rm:
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� Gerard M. S�liellan, City Attorney
D��° -0�' P�B!-rc�^.�4� �AR � 2 �gn
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CITY OF RENTON, WASHINGTON
LOCAL IMPROVEMENT DISTRICT INSTALLMENT NOTE
E�.�ibi'� "A." d �rdin�.nce Nr�. 2621
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�� Note No . 7.3
Date �j8���
TO THE CITY TREASURER :
Pay �n,o,�.i'��tn�r�.r7 �F� f� thOtl5�iI1��:. tW0"r1UTiC�x'"L�C�, �S ��.rJ �t�.�'4 o g3
e�.e�.ity four arz�. 83/10a dollars ,
out of Loca1 Improvement District No. 267 fund, either in cash, ,
L.I.D. Bonds or Warrants , pursuant to provisions of Zaw pertaining
thereto ,
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TO THE ORDER OF �^j.�y� p� Rentan Fl�'�ZCt-L'ri�S+ Pension Ft221C� ,
Payments sha11 be made on the principal of this Note not less than
once each year for a period not to exceed :LQ years from issue date
by the City Treasurer . This note sha11 bear interest on the unp'aid
balance at ..the rate of 6a20 � per annum from the issue date until the
principaZ amount thereof is fuZly paid.
, "�f ���-C/L�-s�
Ci ty C1erk -
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� PAYMENT RECORD �
� InstaZlment Interest Principal Balance
Number I Date I Payment I Payment I Outstanding� Signed
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