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(c) Payments of Rebatable Arbitrage. Any payment of <br /> Rebatable Arbitrage if such payment is made no later than <br /> the due date for such payment. <br /> "Projects" means the library improvements as further <br /> specified in Section 2 of this ordinance. <br /> "Projects Fund" means the "1990 Main Branch Library Projects <br /> Fund" created by Section 14 hereof. <br /> "Rebatable Arbitrage" means the amount payable to the United <br /> States by the City pursuant to Section 12 of this Ordinance. <br /> "Series B Bonds" means the City of Everett Limited Tax <br /> General Obligation Bonds, 1990 Series B, authorized to be issued <br /> pursuant to Ordinance No. 1745-%bf the City. <br /> "Treasurer" means the Treasurer of the City, or any <br /> successor to the functions and responsibilities of the Treasurer <br /> of the City. <br /> SECTION 2 . Authorization of Projects and Findings. The <br /> City hereby adopts the following plan of improvements for park, <br /> library and museum facilities of the City, to-wit: <br /> 1. Construction and equipping of an addition to the <br /> Main Library, including but not limited to, construction of <br /> 55, 000 square feet of additional library space, the installation <br /> of a new computer system, furniture, equipment and books in said <br /> addition, and all related project costs. <br /> 2 . Remodelling of the existing main library to renovate <br /> and install new furniture and equipment, and to pay all related <br /> project costs. <br /> Such improvements shall be collectively designated herein as <br /> the "Projects." <br /> Said Projects are further described in the Project Manual <br /> for the Everett Public Library Main Branch, by Dykeman <br /> -5- KR112 90/09/17 <br />