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EXHIBIT B <br /> COSTS OF ISSUANCE AGREEMENT <br /> CITY OF EVERETT, WASHINGTON <br /> LIMITED TAX GENERAL OBLIGATION REFUNDING BONDS, 2014 <br /> THIS COSTS OF ISSUANCE AGREEMENT, dated as of October _, 2014 (herein, <br /> together with any amendments or supplements hereto, called the "Agreement"), is entered into <br /> by and between the City of Everett, Washington, (herein called the "City") and <br /> , , , as Refunding Trustee (herein, together <br /> with any successor in such capacity, called the "Refunding Trustee"). <br /> WITNESSETH : <br /> WHEREAS, pursuant to Ordinance No. passed on October 8, 2014 (the "Bond <br /> Ordinance"), the City has determined to issue its Limited Tax General Obligation Refunding <br /> Bonds, 2014 (the "Bonds"); and <br /> WHEREAS, simultaneously herewith, the City is entering into an Escrow Deposit <br /> Agreement, dated October _, 2014 under which the Refunding Trustee will hold invested <br /> proceeds of the Bonds in order to pay and redeem the refunded bonds under the terms set forth <br /> therein; and <br /> WHEREAS, certain proceeds of the Bonds will be delivered to the Refunding Trustee on <br /> the date of issuance of the Bonds that are required to be disbursed to pay costs of issuance of the <br /> Bonds; and <br /> WHEREAS, the Refunding Trustee has agreed, without additional compensation, to <br /> disburse the Bond proceeds received to pay costs of issuance under the terms of this Agreement; <br /> Section 1. Deposit in the Costs of Issuance Fund. <br /> The Refunding Trustee has created on its books a special trust fund and escrow fund to be <br /> known as the Costs of Issuance Fund. The Refunding Trustee agrees that upon receipt it will <br /> deposit to the credit of the Costs of Issuance Fund Account the sum of$ to pay those <br /> costs of issuance set forth on Exhibit A. Such deposit, all proceeds therefrom, and all cash <br /> balances on deposit therein shall be the property of the Costs of Issuance Fund to pay those costs <br /> of issuance set forth on Exhibit A upon receipt of invoices. If any of the $ deposit <br /> allocated for costs of issuance for the Bonds remains unspent on December _, 2014, the <br /> Refunding Trustee shall transfer such unspent amount to the City, and this Agreement shall be <br /> deemed fully performed and terminated. <br /> B-1 P\20287_CM1M20287 AMT 10/14/14 <br />