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ORDINANCE NO. 3 5 9 0
AN ORDINANCE OF THE CITY OF AUBURN, WASHINGTON, AMENDING SECTION 5 OF AUBURN
CITY ORDINANCE NO. 3562 (.PASSED DECEMBER 1, 1980) PROVIDING FOR THE
CITY'S CONTRIBUTION TOWARD PAYING THE COSTS OF THE LOCAL IMPROVEMENT
DISTRICTS BEING CONSOLIDATED, TO-WIT 295 ET AL.
THE CITY COUNCIL OF THE CITY OF AUBURN, WASHINGTON, DO ORDAIN
AS FOLLOWS:
Section 1. Section 5 of Auburn City Ordinance No. 3562, passed December
1, 1980, providing for the City's contribution toward paying the costs of the
local improvement districts being consolidated, to-wit, 295, et al, is hereby
amended to read as follows:
"Section 5. The City shall contribute toward paying the costs of each
of the local improvement districts listed in Section 1. For those purposes the
following amounts shall be transferred from the respective named fund to the
local improvement district fund for the purpose of paying (together with money
from assessment payments, including interest, if any, thereon deposited in
those respective funds as of October 1, 1980 to December 22, 1980, and Bond
proceeds deposited in those funds) the outstanding obligations of those funds:
City Contribution
Transferred From
Transferred to Local
Improvement District
Fund No.
(($ 61666-;9)) $ 9,478.52 Water Fund No. 430 295
(( 6146:35)) 6,179.11 Street Fund No. 101 296
(( 221364762)) 31,868:47 Water Fund No. 430 303
(( 63 632.-84)) 10,490.16 Water Fund No. 430 304
(( 41;23:94)) 7,650.80 Water Fund No. 430 307
In addition to the above'transfers'there.shall?be transferred to the CLID
No. 295 et al. Escrow Fund, created by.Section 6, as a City contribution to the
cost of financing the local improvement district improvements and the Bonds, 1.6%
, , ',.
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Ordinance No. 3590
Page One
12-24-80
of the amount required by Section 6 from the Street Fund No. 101, but in no event
greater than $1,760, and 98.4% of the amount required by Section 6 from the
Water/Sewer Operating Fund, but in no event greater than $108,240."
Section 2. This Ordinance shall take effect and be in force five M
days from and after its passage, approval and publication, as provided by law.
INTRODUCED: JANUARY 5, 1981
PASSED: JANUARY 5, 1981
,.APPROVED: JANUARY 5, 1981
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ATTEST:
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APPROVED
TO FORM:
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PUBLISHED: January 20, 1981
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Ordinance No. 3590
Page Two of Two
12-24-80
STATE OF WASHINGTON)
ss
COUNTY OF KING )
I, Coralee A. McConnehey, the duly appointed, qualified City Clerk
of the City of Auburn, a Municipal Corporation and Code City, situate in
the County of King, State of Washington, do hereby certify that the fore-
going is a full, true and correct copy of Ordinance No. 3590 of the
ordinances of the City of Auburn, entitled
"AN ORDINANCE OF THE CITY OF AUBURN, WASHINGTW, AMENDING SECTION 5
OF AUBURN CITY ORDINANCE NO. 3562 (PASSED DECEME R 1, 1980) PROVIDING
FOR THE CITY'S CONTRIBUTION TOWARD PAYING THE CASTS OF THE LOCAL
IMPROVEMENT DISTRICTS BEING CONSOLIDATED, TO-WIT1295 ET AL.
I certify that said Ordinance No. 3590 was duly passed by the
Council and approved by the Mayor of the said City of Auburn, on the 5th
day of .Ianuarv , A.D., 19 81 .
I further certify that said Ordinance No. 3590 was published as
provided by law in the Daily Globe News, a daily newspaper published in the
City of Auburn, and of general circulation therein, on the 5th day of
January , A.D., 19 81
WITNESS my hand and the official seal of the City of Auburn, this 2nd
day of April , A.D., 19 81
&U& Q, A
CITY CLERK OF TH_
E CITY OF AUBURN
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