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and performance of the Lease, as amended by the Amendment to <br /> Lease, for the approval of the Trust Agreement, and for the <br /> completion of the financing plan contemplated thereby and by the <br /> Construction Agreement. Such approval may include but not be <br /> limited to: <br /> A. Execution of such closing certificates and <br /> agreements as may be deemed necessary with respect to <br /> Contractor' s remaining obligations under the Construction <br /> Agreement, as of the date of execution of the Amendment of Lease; <br /> B. Approval of assignment of all of Contractor' s <br /> right, title and interests in the Property and the Lease to the <br /> underwriter selected and approved by the City pursuant to <br /> Section 4 of this Ordinance . <br /> Section 7 . Assessed Value and Existing Debt. The actual <br /> value of the taxable property within the City as ascertained by <br /> the last preceding assessment for City purposes is <br /> $4, 745, 034, 043 . The outstanding principal amount of nonvoted <br /> general obligation indebtedness of the City (exclusive of lease <br /> debt) as of May 31, 1993, is $16, 370, 000 . The outstanding <br /> principal amount of lease debt pursuant to RCW 35. 42 .200 as of <br /> May 31, 1993, is $14, 155, 000 . The outstanding principal amount <br /> of voted general obligation indebtedness of the City as of <br /> May 31, 1993, is $7, 355, 000 . The debt obligation of the City <br /> represented by the principal component of payments under the <br /> Lease, when executed and delivered, shall be $10, 152, 728, which <br /> -6- DOT041.Doc 93/06/16 <br />