Laserfiche WebLink
(collectively, the "Outstanding Parity Bonds"); and <br />WHEREAS, the ordinances authorizing the Outstanding Parity Bonds provide that <br />additional water and sewer revenue bonds may be issued on a parity with such bonds if certain <br />conditions are met; and <br />WHEREAS, it appears to the City Council (the "Council") of the City that such <br />conditions can be met and that it is in the best interests of the City and its inhabitants that the <br />Bonds be issued on a parity with the outstanding water and sewer revenue bonds of the City; and <br />WHEREAS, the Bonds authorized herein shall be sold pursuant to a competitive sale as <br />herein provided; <br />NOW, THEREFORE, the City of Everett does ordain, as follows: <br />Section 1. Definitions. As used in this ordinance the following definitions shall apply <br />unless a different meaning clearly appears from the context: <br />-2- PA20287 CMWM20287 B32 09/09/15 <br />Principal Amount <br />Authorizing <br />Bond <br />Date <br />Outstanding <br />Ordinance <br />Designation <br />of Bonds <br />(8/1/15) <br />Water and Sewer <br />Ordinance No. 2870-05 <br />Revenue Bonds, <br />October 14, 2005 <br />$ 945,000 <br />2005 ("2005 Bonds") <br />Water and Sewer <br />Ordinance No. 3123-09 <br />Revenue and <br />May 13, 2009 <br />33,090,000 <br />Refunding Bonds, <br />2009 ("2009 Bonds") <br />Water and Sewer <br />Ordinance No. 3 211 -11 <br />Revenue Bonds, <br />March 30, 2011 <br />49,600,000 <br />2011 ("2011 Bonds") <br />Water and Sewer <br />Ordinance No. 3313-13 <br />Revenue Refunding <br />February 14, 2013 <br />59,330,000 <br />Bonds, 2013 ("2013 <br />Bonds") <br />(collectively, the "Outstanding Parity Bonds"); and <br />WHEREAS, the ordinances authorizing the Outstanding Parity Bonds provide that <br />additional water and sewer revenue bonds may be issued on a parity with such bonds if certain <br />conditions are met; and <br />WHEREAS, it appears to the City Council (the "Council") of the City that such <br />conditions can be met and that it is in the best interests of the City and its inhabitants that the <br />Bonds be issued on a parity with the outstanding water and sewer revenue bonds of the City; and <br />WHEREAS, the Bonds authorized herein shall be sold pursuant to a competitive sale as <br />herein provided; <br />NOW, THEREFORE, the City of Everett does ordain, as follows: <br />Section 1. Definitions. As used in this ordinance the following definitions shall apply <br />unless a different meaning clearly appears from the context: <br />-2- PA20287 CMWM20287 B32 09/09/15 <br />