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CITY OF EVERETT, WASHINGTON <br /> VARIABLE RATE DEMAND <br /> LIMITED TAX GENERAL OBLIGATION BONDS, 2001 <br /> $13,000,000 <br /> ORDINANCE NO. 2557-01 <br /> AN ORDINANCE of the City of Everett, Washington, providing for the <br /> issuance and sale of variable rate demand limited tax general obligation <br /> bonds of the City in the principal amount of $13,000,000 for capital <br /> purposes and to pay the costs of issuing such bonds; providing the date, <br /> form, and repayment terms of the bonds; providing for the annual levy <br /> of taxes to pay the principal of and interest on the bonds; and <br /> authorizing the sale of the bonds; appointing a remarketing agent; <br /> authorizing a reimbursement agreement with Bank of America, N.A. to <br /> provide credit enhancement for the bonds; and providing for the sale of <br /> the bonds to Banc of America Securities LLC. <br /> Passed: November 28, 2001 <br /> Prepared by <br /> PRESTON GATES& ELLIS LLP <br /> Seattle, Washington <br />