https://longview.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=1052611&GUID=010CBFBE-81C4-4E31-9EE3-AE2DC646840BLegistar15https://longview.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=1052611&GUID=010CBFBE-81C4-4E31-9EE3-AE2DC646840B010CBFBE-81C4-4E31-9EE3-AE2DC646840B-2026-02-02-14-36-39Title: ORDINANCE NO. 3199, FIXING THE TERMS OF LOCAL IMPROVEMENT DISTRICT NO. 351 INSTALLMENT NOTEP PROVIDING FOR THE PURCHASE OF SUCH NOTE BY THE CITY FROM FUNDS ON DEPOSIT IN THE CITY'S EMPLOYEE BENEFITS RESERVE FUND; AND FIXING THE INTEREST RATE ON LOCAL IMPROVEMENT DISTRICT NO. 351 ASSESSMENT COUNCIL STRATEGIC INITIATIVE ADDRESSED: Council Initiative: Continue effective financial management. CITY ATTORNEY REVIEW: REQUIRED SUMMARY STATEMENT: Ordinance No. 3199 provides for the purchase of the note for the local improvement district share of construction costs and expenses associated with South Weber Avenue. Whereas, it is customary for the City to issue bonds to cover the construction costs associated with local improvement district improvements, a City may also issue an installment note in the form of an investment to reimburse itself for expenses incurred throughout the course of construction. Because of the relatively small amount associated with this LID, an installment note in the form of an investment is desirous in this instance as it provides for the following advMon, 02 Feb 2026 14:36:39 GMT