Laserfiche WebLink
:' 1 <br />ORDINANCE NO. <br />AN ORDINANCE AUTHORIZING THE ISSUANCE OF WATER <br />AND SEWER REVENUE REFUNDING BONDS OF THE CITY <br />IN THE PRINCIPAL AMOUNT OF NOT TO EXCEED <br />$72,000,000 FOR THE PURPOSE OF REFUNDING CERTAIN <br />OUTSTANDING REVENUE BONDS OF THE CITY. <br />WHEREAS, the City of Everett, Washington (the "City") now owns and operates a <br />combined system of water supply and distribution and sewage treatment and disposal (the <br />"System"); and <br />WHEREAS, the City has outstanding its water and sewer revenue bonds payable fiom <br />revenues of the System as follows: <br />(collectively, the "Outstanding Parity Bonds"); and <br />WHEREAS, the remaining outstanding 2003 Bonds mature on the following dates and in <br />the following principal amounts: <br />4 <br />Principal Amount <br />Authorizing <br />Bond <br />Date <br />Outstanding <br />Ordinance <br />Designation <br />of Bonds <br />(1/1/13) <br />Water and Sewer <br />Ordinance No. 2690-03 <br />Revenue and <br />May 15, 2003 <br />$ 35,190,000 <br />Refunding Bonds, <br />2003 ("2003 Bonds") <br />Water and Sewer <br />Ordinance No. 2870-05 <br />Revenue Bonds, <br />October 14 2005 <br />34,610000 <br />2005 ("2005 Bonds")' <br />Water and Sewer <br />Ordinance No. 3123-09 <br />Revenue and <br />May 13, 2009 <br />35,255,000 <br />Refunding Bonds, <br />2009 ("2009 Bonds") <br />Water and Sewer <br />Ordinance No. 3211-I1 <br />Revenue Bonds, <br />March 30 2011 <br />51 000 000 <br />2011 ("2011 Bonds") <br />' <br />(collectively, the "Outstanding Parity Bonds"); and <br />WHEREAS, the remaining outstanding 2003 Bonds mature on the following dates and in <br />the following principal amounts: <br />4 <br />