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2001/11/14 Council Minutes
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2001/11/14 Council Minutes
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Council Minutes
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11/14/2001
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November 10,2001 <br /> Roll was called with all c unciluxmbeee voting yes except Councilmember <br /> Oe eelepel who was excused. <br /> Motion carried. <br /> AGREEMENT-SPECIAL EVENTS CENTER <br /> This item nterloml agreement concaving Me Regional Special Events <br /> Center,was pulled from the agenda. <br /> RESOLUTION-APPOINTMENT/BOND REIMBURSEMENT <br /> Moved by Couueilmember Pope,seconded by Couucttmember Anderson to <br /> adopt Resolution No.5120 appointing the Finance Director of the City to <br /> serve s the responsible official for the purpose of designating certain <br /> expenditures for potential reimbursement from bonds that may be <br /> authorized and approved for issuance by the City Council in the future. <br /> Councilmember Pope stated that this item came before the Budget and Finance <br /> Committee with a recommendation for approval. <br /> Resolution No.5124 is es follows: <br /> WHEREAS,the City of Everett,Washington(the'City"),issues raxcxempt <br /> obligations Ton)time to time,(includ'mg e.g.,bonds and leases)for the purpose <br /> of finmemg its governmental activities;and <br /> WHEREAS,the United Smres Department of the Treasury hes promdgeted <br /> regulations limiting the ability of the City to use the proceeds of tax-exempt <br /> obligations for reimbursement of prior expenditures;and <br /> WHEREAS,the regulations permit the City to appoint one or more officials for <br /> the purpose of identifying and qualifying capital projecla for reimbursement <br /> purposes; <br /> 095 <br />
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