174-*
DLH:l'h 10-23-58 5
RESOLUTION NO./7*/•
A RESOLUTION of the Council of the City of Moses
Lake,Washington,creating a construction fund
for Local Improvement District No. 11 of the
city for the purpose of paying all of the
costs of improvements to be constructed and
installed 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. 11 and authorized the con
struction and installation of certain improvements therein; and
WHEREAS,the firm of Wm.P.Harper &Son &Company has agreed
to purchase all of the interim construction warrants drawn on Local
Improvement District No.11 Fund and all of the bonds of said district
when the same are issued;and
WHEREAS,it is necessary and desirable that the money re
ceived by the city from the sale of said warrants be placed in a spe
cial construction fund and used to pay the costs of construction and
installation of said improvements,including estimates due the con
tractors from time to time and all incidental costs of the local im
provement 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 Wm. P.Harper &Son &Company to purchase all of the
interim construction warrants and bonds of Local Improvement District
No. 11 be and the same is hereby in all respects ratified and con
firmed .
-w
Section 2.That there be and is hereby created a special
fund of the city to be known as "Local Improvement District No.11
Construction Fund'X All moneys received from the sale of warrants
drawn on the Local Improvement District No. 11 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 incidental thereto.
PASSED by the Council of the City of Moses Lake, Washington,
and approved by its Mayor at a regular meeting of said Council held
on the day of '...s ..1958.
CITY OF/tfOSES LAKE,WASH^GTON
By />//••-*<•/,:J /X-S-^i/-^--'
I /)Mayor
ATTEST:
City Clerk
2.