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J <br /> ORDINANCE NO. ,5y�-7 c7 <br /> AN ORDINANCE amending Ordinance 583-79 , <br /> Central Business District Signalization <br /> Phase IV, Fund 322, by adding Section 8 <br /> authorizing the City Treasurer to issue <br /> interest bearing construction warrants . <br /> NOW, THEREFORE, THE CITY OF EVERETT DOES ORDAIN: <br /> Section 1: That Ordinance 583-79 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 $625, 000 . 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 /> ,./1i/ //l <br /> Mayor <br /> ATTEST: .�. ) "›. <br /> City Clerk <br /> PASSED: a�, /6/- 79 <br /> VALID : 3, �17 <br /> (74111 PUBLISHED: 1/4-72-7c p 3 /92? <br />