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A <br /> ORDINANCE NO. -7?, <br /> AN ORDINANCE amending Ordinance 464-77 , <br /> Garfield Neighborhood Improvements, <br /> Fund 317, by adding Section 8 authorizing <br /> the City Treasurer to issue interest <br /> bearing construction warrants . <br /> NOW, THEREFORE, THE CITY OF EVERETT DOES ORDAIN: <br /> Section 1: That Ordinance 464-77 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 $160 , 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 /> .i .idf .ice, <br /> Mayor 4 <br /> I11!`- <br /> ATTEST: 4,4110 L <br /> City Clerk <br /> PASSED: (2/ as X 97 <br /> VALID: 30 (9 9 <br /> PUBLISHED: ` G 3/ /t 2 <br />