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L <br /> sell the Series 1983 Bond to Peoples National Bank of Washington; <br /> and <br /> WHEREAS, the Act requires the governing body of the creating <br /> municipality to approve the resolution of the Development <br /> Corporation authorizing the issuance of bonds approved by the <br /> Development Corporation; and <br /> WHEREAS, a public hearing on the issuance of the Series <br /> 1983 Bond has been held by the City Council pursuant to <br /> published notice; and <br /> WHEREAS, the City Council has heard testimony and <br /> reviewed the Bond Resolution and intends, by adoption of this <br /> resolution, to approve the same and its agreement to issue the <br /> Series 1983 Bond upon the terms set forth therein and in the <br /> various agreements approved therein in accordance with the Act; <br /> NOW, THEREFORE, BE IT RESOLVED by the City Council of the <br /> City of Everett, as follows: <br /> Section 1 . The issuance of the Series 1983 Bond and the <br /> Bond Resolution and the agreements to issue the Series 1983 Bond <br /> therein expressed and approved, in the amount and for the purpose <br /> therein described and referred to in the preamble of this <br /> resolution, are hereby approved in accordance with RCW 39 . 84 . 100 , <br /> a copy of which Bond Resolution is on file among the records of <br /> this meeting. <br /> Section 2 . This resolution shall take effect immediately <br /> from and after its adoption and approval as provided herein. <br /> ADOPTED by the City Council of the City of Everett <br /> 2 <br />