Resolution 3858 - Laserfiche WebLink

1 .,t,'.A k 110,,.° RESOLUTION NO. 3858 EVE/FETT A RESOLUTION of the City Council of Everett, Washington, accepting bids for the purchase of water and sewer revenue bonds in the principal amount of $32,270,000 and fixing the interest rate and certain terms and conditions of such bonds. WHEREAS, the City Council of Everett, Washington (the "City") by Ordinance No. 1963-93, authorized the issuance and sale of the City's Water and Sewer Revenue Refunding Bonds, Series 1993 (the "Bonds") to provide part of the funds necessary to accomplish a refunding of certain outstanding water and sewer revenue bonds of the City; and WHEREAS, a preliminary official statement has been prepared for the public sale of the Bonds, notice of such sale has been duly published and given as required by law and bids have been received pursuant to such notice; and WHEREAS, the bid of Merrill Lynch & Co., to purchase the Bonds is the best bid received, and it is in the best interest of the City that the Bonds be sold to such firm on the terms set forth in its bid and in Ordinance No. 1963-93; NOW, THEREFORE, THE CITY COUNCIL OF EVERETT, WASHINGTON hereby resolves as follows: Section 1. Acceptance of Bids and Establishment of Terms. The bid of Merrill Lynch & Co. to purchase the Bonds, as set forth in Exhibit A is hereby accepted. The Bonds shall mature in the years and amounts and bear interest at the rates set forth in Exhibit B. Section 2. Additional Authority. The City officials, their agents and representatives are hereby authorized and directed to do everything necessary for the prompt issuance and delivery of the Bonds and for the proper use and application of the proceeds of such sale. __<---_Az... A, Counci44 man IntroducinResolution Passed and approved this 27th day of October, 1993. P6/es.--- -,,....,10.- Council President ,A0,ptING O,q„ r(ITFE,ERETT ,�� NNTEN,IAL� Li 1693.1993