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RESOLUTION NO.-r5y <br /> A RESOLUTION of the City Council of the of the City of Everett, <br /> Washington, approving the issuance by the Industrial <br /> Development Corporation of the City of Everett of its <br /> Industrial Revenue Bond, (Weyerhaeuser Company Project) , <br /> Series 1983 , in the aggregate principal amount of <br /> $1 ,000 ,000 and approving the Resolution of said <br /> Corporation authorizing said Bond including the Loan <br /> Agreement. <br /> WHEREAS , the City of Everett, Washington, (the "City" ) , by <br /> Ordinance 866-82 , has approved and authorized the creation of the <br /> Industrial Development Corporation of the City of Everett (the <br /> "Development Corporation" ) as a public corporation of the State <br /> of Washington pursuant to the provisions of Chapter 300 , Laws of <br /> Washington 1981 (Reg. Sess. ) codified as Chapter 39 . 84 RCW (the <br /> "Act") to issue nonrecourse revenue bonds for the purpose of <br /> financing the costs of qualified industrial development <br /> facilities within the meaning of the Act; and <br /> WHEREAS , the Development Corporation, by Resolution No. 2. <br /> (the "Bond Resolution") adopted on March 30 , 1983 has authorized <br /> the issuance and sale of a certain issue, $1 ,000 ,000 of its <br /> Industrial Revenue Bond (Weyerhaeuser Company Project) , Series <br /> 1983 , to be initially issued as a single fully registered Bond <br /> (the "Series 1983 Bond" ) and by the Bond Resolution has <br /> authorized a Loan Agreement dated as of March 1 , 1983 with <br /> Weyerhaeuser Company (the "Company") and a Bond Purchase <br /> Agreement, to be dated March 31 , 1983 , agreeing to <br />