RCW 35.55.170
Payment of contractor—Bonds, warrants, cash.
The city council may provide in letting the contract for an improvement, that the contractor shall accept special fund warrants or local improvement bonds against the local improvement district within which such improvement is to be made, in payment for the contract price of the work, and that the warrants or bonds may be issued to the contractor from time to time as the work progresses, or the city council may negotiate the special fund warrants or bonds against the local improvement district at not less than ninety-five cents in money for each dollar of warrants or bonds, and with the proceeds pay the contractor for the work and pay the other costs of such improvement.
[ 1965 c 7 § 35.55.170. Prior: 1909 c 147 § 14; RRS § 9445.]
Structure Revised Code of Washington
Chapter 35.55 - Local Improvements—Filling Lowlands.
35.55.010 - Authority—Second-class cities.
35.55.020 - Alternative methods of financing.
35.55.030 - Boundaries—Excepted property.
35.55.040 - Damages—Eminent domain.
35.55.050 - Estimates—Plans and specifications.
35.55.060 - Assessment roll—Items—Assessment units—Installments.
35.55.070 - Hearing on assessment roll—Notice—Council's authority.
35.55.080 - Hearings—Appellate review.
35.55.090 - Lien—Collection of assessments.
35.55.100 - Interest on assessments.
35.55.110 - Payment of cost of improvement—Interest on warrants.
35.55.120 - Local improvement bonds—Terms.
35.55.130 - Local improvement bonds—Guaranties.
35.55.140 - Local improvement bonds and warrants—Sale to pay damages, preliminary financing.
35.55.150 - Local improvement fund—Investment.
35.55.160 - Letting contract for improvement—Excess or deficiency of fund.