135v^
RESOLUTION NO./34"
A RESOLUTION of the Council of the City of
Moses Lake,Washington,creating a con
struction fund for Local Improvement
District No. 7 of the city for the
purpose of paying all of the costs of
improvements to be constructed and in
stalled in said Local Improvement
District,including all costs incidental
thereto, and confirming the sale of bonds
and warrants of said local improvement
district.
WHEREAS,by proceedings duly and regularly taken,
the city has created Local Improvement District No. 7 and
authorized the construction and installation of certain improve
ments therein;and
WHEREAS,said firm has agreed to purchase all of the
interim construction warrants drawn on the Local Improvement
District No.7 Fund and all of the bonds of said district when
same are issued;and
WHEREAS,it is necessary and desirable that the
money received by the City from the sale of said warrants be
placed in a special construction fund and used to pay the costs
of construction and installation of said improvements,including
monthly estimates due the contractors,and all incidental costs of
the local improvement district;and
WHEREAS,it is necessary that such special fund now
be created for said purpose;
NOW, THEREFORE, BE IT RESOLVED by the City Council
of the City of Moses Lake,Washington,as follows:
Section 1.That the action of the City Council in
accepting the proposal of v «93SBflMpB53EaBQe^
to purchase all of the interim construction warrants and bonds of
Local Improvement District No.7,be and the same is hereby in
all respects ratified and confirmed.
Section 2.That there be and is hereby created a
special fund of the City to be known as "Local Improvement District
No. 7 Construction Fund." All monies received from the sale of
warrants drawn on the Local Improvement District No.7 Fund shall
be placed in said special construction fund and shall be used
solely for the purpose of paying all the costs of construction
and installation of the improvements authorized in said local
improvement district,including all costs and expenses inci
dental thereto.
PASSED by the Council of the City of Moses Lake,
V/ashington,and approved by its Mayor at a regular meeting of
said Council held on the <3 </day of July,1956.yt.
CITY OP MOSES LAKE,WASHINGTON
By IW^jv
Mayor
ATTEST:
City Clerk