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E FRET CITY CCNU CYLrAG NL?�1 I1?EM� D /ER I E T <br /> • <br /> 9 <br /> PROJECT TITLE: <br /> An Interlocal Agreement Consent COUNCIL BILL # <br /> between the City of Everett and X Action Originating Department <br /> the Everett Public Facilities First Reading Contact Person Debra Bryant <br /> District providing the City's Second Reading Phone Number X8608 <br /> payment guarantee for the Third Reading FOR AGENDA OF 1/24/07 <br /> Everett Public Facilities Public Hearing <br /> District Project Revenue Bonds Initialed by: <br /> Department Head s� <br /> CAA — l_- <br /> Council President <br /> Location Preceding Action Attachments Department(s) Approval <br /> Proposed Interlocal <br /> Agreement <br /> Amount Budgeted <br /> Expenditure Required Account Number(s): <br /> Budget Remaining <br /> Additional Required <br /> DETAILED SUMMARY STATEMENT: The Everett Public Facilities District is in the process of <br /> securing permanent financing for the Events Center with the support of the City of Everett. The attached <br /> agreement requires the City to pledge its full faith and credit in guaranteeing payment of the Project Revenue <br /> Bond portion of this debt. <br /> RECOMMENDATION: Authorize the Mayor to sign the Interlocal Agreement between the City of Everett <br /> and the Everett Public Facilities District regarding the City's guarantee of the Everett Public Facilities <br /> District Project Revenue Bonds. <br /> 23 <br />