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RESOLUTION NO. );z - s?
A RESOLUTION of the City of Port Angeles, Washington,
creating a Construction Fund for Local Improvement
District No. 173 of the city for the purpose of
paying all of the costs of the improvements to be
constructed and installed in said local improvement
district, including all costs incidental thereto,
and authorizing the sale of bonds and warrants of
said local improvement district at public sale.
WHEREAS, by proceedings duly and regularly taken and by Ordi-
nance No. 1380, passed and approved November 15, 1956, Local Improvement
District No. 173 of the city was created and the construction and in-
stallation of certain improvements therein was authorized; and
WHEREAS, bids have been called and contracts let in the manner
required by law for the construction and installation of said improve-
ments; and
WHEREAS, said Ordinance No. 1380 provided that bonds of such
local improvement district payable out of special assessments to be
levied upon the property within the district specially benefited by
the construction and installation of such improvements would be issued
to provide funds to redeem the warrants of the distriCt issued on
Local Improvement District No. l73~Fund created by said ordinanc~
to pay the cost and expense of such~rpvements and all costs incidental
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WHERE~~ City CO~C~deems.~t .advisable to sell such bonds
and warrants' at public sale; and ~ ...----.-.~
WHEREAS, it is necessary that~~eceived by the city
from the sale of said warrants be placed in a special construction fund
of said local improvement district and used to pay the cost of said
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thereto; and
improvements and incidental costs;