Laserfiche WebLink
149 <br /> April 26,1978 <br /> Whereas,Scott Paper Company Mhe <br /> City <br /> has 1uction fnd P d <br /> certain and. b P facilities <br /> pulpd facturing mills in the City er col which e s more fully described in Exhibit <br /> A to thin resolution;and <br /> tity to issue Whereas, h has f _ determination <br /> h tion of the <br /> Project <br /> contractual <br /> arrangermnt <br /> whereby thesition a uldnd clease <br /> sell providingpE repayments s torpayls agreementease or installment sale there- <br /> on <br /> thewill ac acquisition an constructionsufficient <br /> fte a substantial dthe Project;and proceed with <br /> thereAgreement hashasdbe ted t City Con a form of P <br /> theCompanye City withrespect to the acquisition <br /> an construction of he P atthePlant;and <br /> Whereas,t City h maned thatand co <br /> nstruction of <br /> the Project of y and the Statethe of Washinprotect gtonlfan andare Y f the citizens <br /> ursuPowers,and its charter,the particularly Title 3 <br /> empowered to control <br /> certain pollutionCode ofs„hazards and t provide sewageswaste disposal <br /> other w t Revised <br /> facilities for the public(and <br /> Whereas, n of the a sol ovine <br /> pollution control and w facilities <br /> e7 tiro the provide <br /> and <br /> thei y and its facilitiesof burden such <br /> waste disposal;and <br /> Y from s <br /> Whereas, a e paid a ,, <br /> will notbe <br /> la able f solely rom any tax revenues <br /> made ery Scott ,v. <br /> theyCa y and,thus,will burden the credit of City;and ea of <br /> Wher <br /> s,Scott <br /> r1d the 1 ltbonds <br /> issued until <br /> ti f.satisfactorylegislative authorization respect to bonds such YP. <br /> r., <br /> Washtherefore,b it resolved by t f the City o£Everett, 1, <br /> ington he City Council Brett, - <br /> 1. The City finds and <br /> dde at <br /> o <br /> fthe P he necessary desirable S rotect the construction <br /> safetyf thcoeCythe Washington,,ant e public that theaction <br /> Ctaladf y y to the end the Project maybeacqu red and conshou ted. <br /> 2. The City further finds and determines that <br /> the issuance <br /> finanect the Prbject,and the sale or !!! <br /> above. ereof to the pany,will serve t epubl c p i es referreatto3. In order <br /> o induce the Company to proceed with the acquisition and <br /> construction of the project,the City hereby determines that <br /> a <br /> .1 it will <br /> authorize a revenuebonds ian aggregate <br /> inciploust finance <br /> pre <br /> Ire135,000,000) n <br /> includingrepayme <br /> with ^ Company Y sconnection <br /> construction, <br /> arrange- <br /> ments Yeasell the Pt toor <br /> installment e Pai by <br /> Company shall <br /> nndthe thereon as and when the same shallbeco e and payable; <br /> ,!f <br /> to pay said <br />