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e ' 576 <br /> December 16,1981 <br /> The regular meeting of the Everett City <br /> Co <br /> U <br /> in the Council Chambers o City Ball,with President <br /> Ba <br /> ker <br /> presiding. Upon roll call it found cnoore andall <br /> Councilmenwere in attendance,except CounilmaMichelson,who was <br /> excused. <br /> Minutes of theecemher B.1981,we approved a <br /> w' Councilman rstreetdabstaining.from the portion pertainingto <br /> fthe rom rezone <br /> genial applicationand theirentirety. <br /> Councilman <br /> Aldcroft,who abstained <br /> ed <br /> m ntv ety. <br /> ' COUNCIL BILL NO.8112-508 <br /> SECOND 6 FINAL BEADING <br /> AN ORDINANCE to housing£ e low-income elderly; <br /> providing for rt relating <br /> t then qualified electors <br /> 1982,at a of ial a to be hed uary 2e <br /> proposition the y to issue its <br /> general obligation bonds in the principalamount <br /> exceed$2,000,000 for the purpose of p g housing=£ <br /> owto <br /> y persons in the0bydproviding the <br /> or <br /> using Authority o ofE a with p <br /> capital funds 0 the City <br /> of such w r under f the <br /> Housing Cooperation L authorizing agreement with the <br /> Housing Authority of t such purpose; <br /> providingfor creation a City of <br /> and a <br /> redemption fund;nproviding for the a the <br /> collection.n a axes topay <br /> the principal£ nand interest on <br /> bonds;a rim financing. <br /> Brad Cattle pointedno nes s s <br /> from _ these amendments <br /> 1 ely languageechangesio rmino s reflect p rng <br /> 11 name merely <br /> theAuthority.tAlso,sec nature <br /> mended change e <br /> the amount hassistance t theHousing0150 therefor. <br /> yho <br /> exceed$2,000,000 and provides for review and procedure therefor. <br /> ¢I.: Allen White of the Housing uthority,explained this would be a tax- <br /> w <br /> exempt bond issue which it keep the rent levels down. <br /> Councilman Aldcroft asked aboutthe p of ha this projec <br /> free enterprise, <br /> an <br /> r€a replied he ownership <br /> operation commercial leasewouldbeaallowable <br /> e <br /> fon.any business locatedbuilding. <br /> CouncilmanLangus <br /> how tunas would be raised <br /> o promote the <br /> ` bond issue end Mr.Whitea staff <br /> support cohere raising used <br /> pointed out no city funds 0 alCl would beta <br /> y or this purpose. <br /> Michel,0f 352'W what kind o <br /> d s that 101 t be r and Mr. between be <br /> at20-year11subsidy <br /> uplan0toUpay athe diifferenccetbetweenant based <br /> on income level. by the pe tai oun <br /> Mayor <br /> Moe commended thecommittee that has been working on this <br /> project consisting Be mope,Chairman,R0 <br /> Wineco <br /> ff, <br /> Dwight k len White,Henry 0,T m BoxgBarb <br /> McCarthy, <br /> Keith Spa...,Harry Spencer, $ Fat McClain,Cy representative. <br /> b K <br />