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RESOLUTION Page 2 of 2 <br />NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND EVERETT CITY COUNCIL THAT: <br /> <br />The City of Everett declares its intent that, on or prior to December 31, 2025, the City intends to incur <br />general indebtedness, and to issue general obligation bonds pursuant to RCW 39.102.150 and other <br />applicable law in a maximum principal amount not to exceed $7,000,000 to finance certain remaining <br />Public Improvements in the Everett RDA (including Riverfront Trail Improvement Project and Eclipse Mill <br />Park Improvement Project), and to retire such indebtedness in whole or in part from LIFT Tax revenues. <br /> <br /> <br />_________________________________________ <br />Councilmember introducing resolution <br /> <br /> <br />Passed and approved this _____ day of ___________________, 2025. <br /> <br /> <br /> <br />______________________________________ <br />Council President <br /> <br />19th March <br />Judy Tuohy