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4 <br /> RESOLUTION NO. , B <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. 4 ; approving the assignment of <br /> certain interests of Lumpkin, Inc. with <br /> respect to Fire Station No. 4 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 Lumpkin, Inc. ("Contractor") to <br /> provide for the leasing of certain real property from the City, the <br /> construction thereon of Fire Station No. 4 (the "Improvements") , <br /> and the leasing back of said Improvements upon completion to the <br /> City; and <br /> WHEREAS, on August 23 , 1991, the City issued a notice of <br /> substantial completion to Contractor for the Improvements; and <br /> WHEREAS, on September 18 , 1991, the City Council accepted the <br /> Improvements as finally complete, contingent upon completion of <br /> punch list items; and <br /> WHEREAS on October 2 , 1991 the City Council passed Ordinance <br /> No. Ig/g-91, authorizing the execution of an amended and restated <br />