Ordinance 1681-90 - Laserfiche WebLink

• 1 expenses incurred in constructing and financing improvements 2 within those districts . Accrued interest received from the Bond 3 purchasers shall be deposited in the Bond Fund. 4 Section 13 . Security Pacific Securities , Inc . , and Harper , 5 McLean & Company of Seattle, Washington, have presented a 6 purchase contract (the "Purchase Contract" ) to the City offering 7 to purchase the Bonds under the terms and conditions provided in 8 the Purchase Contract , which written Purchase Contract is on 9 file with the City Clerk and is incorporated herein by this 10 reference . The City Council finds that entering into the 11 Purchase Contract is in the City' s best interest and therefore 12 accepts the offer contained therein and authorizes its execution 13 by City officials . 14 The Bonds will be printed at City expense and will be 15 delivered to the purchasers in accordance with the Purchase 16 Contract , with the approving legal opinion of Foster Pepper & 17 Shefelman, municipal bond counsel of Seattle, Washington, 18 regarding the Bonds printed on each Bond. Bond counsel shall 19 not be required to review and shall express no opinion 20 concerning the completeness or accuracy of any official 21 statement , offering circular or other sales material issued or 22 used in connection with the Bonds , and bond counsel ' s opinion 23 shall so state . 24 The proper City officials are authorized and directed to do 25 everything necessary for the prompt delivery of the Bonds to the - 11 -