1984/08/29 Council Minutes - Laserfiche WebLink

350 , AugUst 29,l9E4 Roll was called with all Couneilmen voting yes except Councilman .4chelaon whO voted no. Motion Carried The Council then recessed to convene the meeting of the Board of Directors of Industrial Development Corp.Of the City of Everett The regular meeting of the Everett City Council reconvened with all ' Councilmen in attendance RESOLUTION :=2 Reao=1TZT 246earsatarefed3Vm7:7'" C'"ei"" """ " WHEREAS,the Board of Directors of The Industrial Development Corporation of the City of Everett (the 'Development Corporation.) r r! at a special meeting on AugUst 29, 1984 adopted Resolution No. 3 stating the intent of the DevelOpment COrporation to issue ' I',.,!' approximately S6,500,000 of industrial development revenue bonds for the benefit of sohkoku USA,Inc., cIT,oFtigi.grELORLIRLIT RESOLVED BY THE CITY COUNCIL OP THE ' . Section 1. Resolution No.3 of the Board of Directors of The Induetrial Deve/OPment Cori...fat..Oa the 84aV af aaaaat'r a aa'PY aa , which is attached hereto, identified as Exhibit A,and incorporated in full by this refererMe is hereby aPProvad. Section 2. This resolution shall take.effect immediately from and after its adoptiOn. , Roll was called with all Councilmen Voting yes. Motion Carried 1 ' . . . . , , ., ' RESOLUTION WHEREAS, during the hearings on the assessment roll for LID 709, the City Council learned that the Finance and Budget Director and Treasurer interpret Ordinance No. 812-81 as requiring that interest be compounded on deferred payments;end wHEREAS, said interpretation does not concur with City Council's intent; NON, THEREFORE, BE IT RESOLVED By TEE CITY COUNCIL OF TER CITY OF EVERETT that the intent of City Council in establishing the single family residence deferment provisions under LID 709 was not to loan money or credit to owners occupying Single familY residencea