Laserfiche WebLink
ORDINANCE NO. 3 211-11 <br /> AN ORDINANCE AUTHORIZING THE ISSUANCE OF WATER <br /> AND SEWER REVENUE BONDS OF THE CITY IN THE <br /> PRINCIPAL AMOUNT OF NOT TO EXCEED $51,000,000 FOR <br /> THE PURPOSE OF ACQUIRING, CONSTRUCTING AND <br /> INSTALLING CERTAIN ADDITIONS AND BETTERMENTS <br /> TO AND EXTENSIONS OF THE CITY'S WATER AND <br /> SEWER SYSTEM. <br /> WHEREAS, the City of Everett, Washington (the "City") now owns and operates a <br /> combined system of water supply and distribution and sewage treatment and disposal (the <br /> "System") which is in need of additions, improvements and betterments; and <br /> WHEREAS, the City is authorized to issue revenue bonds for the purpose of paying the <br /> cost of additions, improvements and betterments to the System; and <br /> WHEREAS, to provide funds to pay part of the costs of such improvements, it is deemed <br /> necessary and advisable that the City now issue and sell its water and sewer revenue bonds (the <br /> "Bonds"); and <br /> WHEREAS, the City has outstanding its water and sewer revenue bonds payable from <br /> revenues of the System as follows: <br />