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p 214 <br /> f C July 20,1908 <br /> • <br /> { <br /> ti''''/IV <br /> RESOLUTION-SALE OF BONDS <br /> { fIGGG 45' Moved by Councilmembez Pope seconded by Councilmemb Lannon to <br /> '''''.:,'I <br /> f adopt Resolution No.3035 as follows: <br /> I WHEREAS, the City of Everett, Washington (the Cite"), by <br /> Ordinance d e <br /> a 1504 88 passed an approved on July 20, 1988, authorized <br /> the 1 and issuance of principal <br /> unlimited mou tax levy general the "tion"ants <br /> P the-cityfun in the principal amount of$6t on an (the "Bonds") to <br /> } provide funds necessary for the construction and equippingrov of a <br /> ( <br /> low-income senior retrzen iousinn facility and making irovements <br /> {¢ to the existing Everett Senior Center;and <br /> WHEREAS, an official statement has been prepared for the <br /> y., public le P the bonds to be issued,notice oP s such sale has been <br /> duly published and given as required by law and Ordinance No. <br /> 1504 88, and proposals have been received pursuant to <br /> ane <br /> i soon note <br /> 11, WHEREAS, the proposal of Merrill Lynch Capital Markets cIS <br /> 1 purchase the bonds is the beat proposal received in accordance with <br /> the terms and conditions of Ordinance No.1504-88 and the Notice of <br /> i. Sale for said bonds, d Lt is in the best interest of the city that <br /> �X' the bonds b sold t such firm on the terms set Porth In its <br /> ', I � proposal and provided in ordinance No. 1504-88 and this <br /> } resolution; d <br /> a ��C� WHEREAS Ordinance No. 1504-88 provides that the city shall <br /> alk authorize the sale of the bonds and establish the interest rates <br /> t 10 thereon by adoption of a resolution: <br /> { l f' NOW,THEREFORE THE CITY OF EVERETT DOES RESOLVE: <br /> l.1: {y, Section 1. The bid of Merrill Lynch Capital Markets to <br /> purchase the bonds at the price and bearing the interest rates set <br /> forth in the bid form attached hereto as Exhibit A is hereby <br /> accepted and the bonds shall bear the interest rates set Porth <br /> _: therein. Said Exhibit A is hereby incorporated by reference as if <br /> Pully set Porth herein. <br /> 4 11Roll was called with all cduncllmembers voting yes. <br /> „jiII kjt,'. COUNCIL BILL NO.88]-]9 Notion carried. <br /> Ili I SEI SECOND AND FINAL READING: <br /> ie( I1 AN ORDINANCE of the City Council of Everett, Washington <br /> adopting and authorizing a plan of acquisitions and <br /> I". improvements for Park and LibraryFacilities of the city, <br /> { IIIs providing for the issuance and ale of limited tax levy <br /> general obligation bonds of the city in the principal amount <br /> of b $8,250, 000 for the purpose of providing fundst pay for <br /> 1 i part P said acquisitions and improvements: providing th <br /> date,form,terms and maturities of said bonds:PneYiding For <br /> the disposition of the proceeds of sale of such bonds; <br /> providing for the annual levy cf taxes t0 pay the principal <br /> of and interest on said bontls, and providing for the sale <br /> (71. 1dI thereof. <br /> i Ifo <br />,I 1 <br /> RFh <br />