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214 <br /> June 7,1978 <br /> G.O.Bond Issue Number l ont'a <br /> Street Projects moral Dos <br /> 8-6 Everett -E Grand to Railway ,8 1,155,000 <br /> $1;155,000 <br /> 1360,000a-4I UoRtdAve. 4th W.t ay 1,360,000 <br /> -45Upper Ridge ByhasS- on <br /> 1,363,000tn St. <br /> xt.to Casino <br /> GoBond--strePSects:Total 5 9,373,000 <br /> 9,373,000 <br /> ***G.°. NUMBER GRAND <br /> $18,753,000 $10,753,000 <br /> G.O.BOND ISSUE NUMBER II <br /> Parks Projects <br /> P-3 Garfield P Improvements 4,668 ,000 <br /> 000 <br /> P-5 SilveraLakeaParmImprovemente 450,000 450,000 <br /> P-6 Forest 00 <br /> • <br /> P-7 T MCourt <br /> uo t�Improvements City-wide 0,000 400rovements 200000 ,00 <br /> r 0 <br /> P- Ball Park Complex(Land Acquisition) 300,000 300,000 <br /> fr4G.O.BOND x5809 NUMBER IIrGRAND II-GRANDTOTAL $2,014,668 $1,753,000 <br /> • G.O.BOND ISSUE NUMBER III <br /> Museum $500,000 $500,000 <br /> • <br /> Dick Kennedy of Seattle Northwest S financial consultant for <br /> e bond issue,then explained[ c types ofbondsvolved said <br /> ahG issue is oodhr w use n y the people <br /> nd paid b axe ually good <br /> reek be bond t issue i taagrea„r He <br /> for <br /> the by <br /> ftthebonds because themanagementutility o be <br /> done in By loterestacorrect manner in order to paY Off the costs on a revenue bond will b higher.He bonda. fore,the <br /> said under the proposedassessed <br /> G .bond number l i v oat the$.14 <br /> .14aper <br /> $1,00 on$assess73.02100 value per y a. G.O.4 cost <br /> cost$.$1 0r <br /> $falx of assessed,aloe Per As <br /> z G.O.a3 wools Coat 5.osoc se,a0o <br /> • <br /> value per Y e ample $50,000 home would <br /> additional$81 per year for these three bond issues. o n <br /> Mr.Kennedy said to thr bonds off t would h o be rate <br /> ince of g or ewer a water eser sent a have eer t the <br /> CityEverett 2 edlowest <br /> 10 1 state. He 5mending doubling <br /> this rate vfrom th$2.0was c non 2 <br /> woulderiod <br /> pay offorevenue bonds 5and a1 a an additionalr$4005toe$50ar 0,,000 <br /> Per year fox other sewer improvementseav <br /> The water rates at present are in the upper middle as far a bla <br /> 0 <br /> ci He <br /> sugsted increasing the f to to.$8.00 from 55.505.53 0 p <br /> month and the meter rates we increased to compare to an$8 change f <br /> flat rate users. This mould <br /> also a$400 to 500.000 a year <br /> for additioalimprovements. asof$13 <br /> sewand er favorable in comparison o eter c the <br /> state. <br /> • <br /> f <br /> Mgr <br />