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1 If the City Council by ordinance shall determine that it has become <br /> 2 impractical to accomplish such acquisition by reason of changed conditions <br /> 3 or needs, incompatible development, costs substantially in excess of the <br /> 4 amount of Bond proceeds or tax levies estimated to be applied thereto, or <br /> 5 acquisition by a superior governmental authority, the City shall not be <br /> 6 required to accomplish such acquisition and the City may apply the Bond <br /> 7 proceeds or any portion thereof to other capital purposes of the City as may <br /> 8 be permitted by law or to redemption of the Bonds as the Council , by <br /> 9 ordinance and in its discretion shall determine. <br /> 10 In the event funds are insufficient to make the acquisition herein <br /> 11 authorized, the City shall use other available funds which are deemed most <br /> 12 necessary and in the best interests of the City by the Council . <br /> 13 The hereby finds and determines that the public interest, welfare and <br /> 14 benefit of the residents of the City require the acquisition, and the City <br /> 15 hereby authorizes the appropriate City officers to do all things necessary <br /> 16 to proceed with implementation. <br /> 17 Section 3: Prior Acts. All acts taken pursuant to the authority of <br /> 18 this Ordinance but prior to its effective date are hereby ratified and <br /> 19 confirmed. <br /> 20 Section 4: Effective Date. This Ordinance shall be effective fifteen <br /> 21 days after it becomes valid pursuant to Section 3.4 of the City Charter. <br /> 22 PASSED by the Council of the City of Everett at a regular meeting <br /> 23 thereof, held this /11 y of , 1990, after <br /> 24 introduction of /ole/ , 1990, and second reading <br /> 25 on ///9 , 1990. <br /> 26 <br /> I , , REIT, WASHINGTON <br /> 27 <br /> 28 PE ' , a$r <br /> ATTEST: <br /> 29 <br /> 1" I RID R, ity <br /> 31 Passed: ////,4//9,,,O, <br /> Val i d: /l// U/9O <br /> 32 Published: ///a,/qv <br /> (0156) <br /> 3 <br />