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0!!!!!:71 <br /> TE407ETT <br /> RESOLUTION NO. 3605 <br /> A RESOLUTION of the City of Everett, Washington, <br /> approving the interest rates to be paid under <br /> a lease with option to purchase for Fire <br /> Station No. 2 ; approving the assignment of <br /> certain interests of Sierra Construction Co. , <br /> Inc. with respect to Fire Station No. 2 to an <br /> underwriter; making certain findings; and <br /> ratifying certain acts. <br /> WHEREAS, the City of Everett ("City") is authorized by Chapter <br /> 35 . 42 RCW to lease its real property on terms and conditions that <br /> require the lessee to construct a building thereon and following <br /> construction to lease back to the City the building so constructed; <br /> and <br /> WHEREAS, the City has heretofore executed a lease ("Lease") , <br /> ground lease ("Ground Lease") , and construction contract <br /> ("Construction Contract") with Sierra Construction Co. , Inc. <br /> ( "Contractor") to provide for the leasing of certain real property <br /> from the City, the construction thereon of Fire Station No. 2 (the <br /> "Improvements") , and the leasing back of said Improvements upon <br /> completion to the City; and <br /> WHEREAS, on January 14 , 1992 , the City issued a notice of <br /> substantial completion to Contractor for the Improvements and on <br /> January 15, 1992 issued a temporary certificate of occupancy to the <br /> contractor for Improvements; and <br /> WHEREAS on February 12, 1992 the City Council passed <br /> Ordinance No. 1858-92 , authorizing the execution of an amended and <br /> restated Ground Lease and Lease in connection with the lease <br />