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301 <br /> July 26,1978 <br /> COUNCIL BILL NO.787-296 <br /> First reading: <br /> tdordiznIlLe,r,n7,Lallrcl%%mance 507-78,amending flood plain regulations <br /> COUNCIL BILL NO.787-297 <br /> First reading: <br /> COUNCIL B/LL NO.787-298 <br /> First reading: <br /> 1 <br /> Penalties. <br /> COUNC/L BILL NO. 787-299 <br /> First reading: <br /> Iv:ordinance of the City of Everett,Washington adopting a plan of refund- i <br /> ing the outstanding indebtedness of the City payable from the revenues of <br /> the water and sewer utilities of.e City;au.orizing the sale and <br /> issuance of wa.r and sewer revenue refunding bonds.the principal amount <br /> of$15,480,000 for the purpose of providing part of the funds required for <br /> su.refunding;providing the covenants terrns and conditions under which <br /> such refuudiug bonds and future parity Londs shall be issued:authorizing <br /> the acquisition and safekeeping of government obligations required to <br /> effect auCh refunding;and combining the water and sewer utilities of <br /> the City. <br /> BOND PURCHASE CONTRACT <br /> Moved by Councilman Aldaroft,seconded by Councilman Overstreet to accept <br /> the offer of purchase contract from Seattle Northwest Securities Corpora- <br /> tion for the city's$15,480,000 water and sewer revenue refunding bonds. <br /> Roll was called with all councilmen voting yes except Councilman Baker <br /> who abstained and Councilman Pope who was excused. <br /> Motion Carried <br />