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ORDINANCE NO. &ex -7 9 <br /> AN ORDINANCE amending Ordinance 540-78 , <br /> Neighborhood Improvements CHIP, Fund 329 , <br /> by adding Section 8 authorizing the City <br /> Treasurer to issue interest bearing <br /> construction warrants . <br /> NOW, THEREFORE, THE CITY OF EVERETT DOES ORDAIN: <br /> Section 1: That Ordinance 540-78 is hereby amended by <br /> adding Section 8 as follows: <br /> Section 8: The City Treasurer of the City <br /> of Everett is hereby authorized to negotiate <br /> a reasonable rate of interest and issue <br /> interest bearing warrants to satisfy interim <br /> construction costs not to exceed $350 , 666 . 00 . <br /> These interest bearing warrants shall be redeemed <br /> by the Treasurer as soon as reimbursement or <br /> long term bond financing monies, as described <br /> elsewhere in this Ordinance, are received. <br /> CITY OF EVERETT <br /> \ ;62 4WD <br /> / <br /> Mayor <br /> 111/ <br /> ATTEST: i t_ %t <br /> City Clerk <br /> PASSED: aS; /97? <br /> VALID: cAQJLd-/ `30 /97 <br /> PUBLISHED: 71-7 <br /> a 3 / �') 9 <br />