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19. Schedule is Not Hedge Bond. Not more than 50 percent of the proceeds of the <br /> Schedule will be invested in nonpurpose investments (as defined in section 148(f)(6)(A) of the <br /> Code) having a substantially guaranteed yield for four years or more within the meaning of <br /> section 149(g)(3)(A)(ii)of the Code. Further, the City reasonably expects that at least 85 percent <br /> of the spendable proceeds of the Schedule will be used to carry out the governmental purposes of <br /> the Schedule within the three-year period beginning on the date the Schedule is issued. <br /> CITY OF EVERETT, WASHINGTON <br /> BY: 111 -411. ..�. _ /, . _���_ <br /> Name: � � nada /:,1 I <br /> Title: Fit • I d L"'_ . ref <br /> Date: August 7, 2015 <br /> K12017775100088120287 CMWW20287O28J5 <br /> Ii <br /> -8- <br />