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FOUNDED1892 <br /> Harper, McLean &- Company <br /> INVESTMENT SECURITIES <br /> LOGAN BUILDING.SUITE 730 <br /> 500 UNION STREET <br /> PO.BOX 21945 <br /> SEATTLE.WASHINGTON 98111 <br /> PHONE(206)628-3951 <br /> December 18, 1985 <br /> Mayor and City Council <br /> City of Everett <br /> Everett City Hall <br /> 3002 Wetmore <br /> Everett, WA 98201 <br /> RE: Purchase offer for $475,000 City of Everett, Washington Local <br /> Improvement District No. 721 Bond Anticipation Notes, 1985 <br /> Honorable Mayor and Members of the City Council: <br /> Harper, McLean & Company is pleased to present this offer to purchase the <br /> above Notes at a price of 99.125% of par value. The Notes are to be dated <br /> December 23, or as of the date of settlement and are to be due October 1, <br /> 1986. The Notes are to bear interest at the rate of 6.25% payable at maturity <br /> (on the basis of 30 day month/360 day year). The Notes are not subject to <br /> redemption prior to maturity. <br /> This offer is expressly subject to the following: <br /> 1. That printed Notes, acceptable to Harper, McLean & Company will be <br /> available at settlement. <br /> 2. That settlement shall occur on or before December 30, 1985. <br /> 3. That the Notes shall be accompanied by the unqualified approving <br /> legal opinion of Roberts & Shefelman, bond counsel of Seattle, <br /> Washington. <br /> 4. That a non-arbitrage opinion and a non-litigation certificate, <br /> signed by the appropriate City Official, shall be available at <br /> settlement. <br />