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• <br /> • <br /> • <br /> 1 ORDINANCE NO. -g-54-"( <br /> 2 <br /> 3 AN ORDINANCE amending Section 2 of Ordinance No. <br /> 236-73 as amended by Ordinance No. 259-73 and <br /> 4 amending Section 4 of Ordinance No. 236-73 , <br /> increasing the estimated cost of the Driving Range <br /> 5 Facility from $125, 000 to $150, 000 and authorizing <br /> issuance of interim warrants for the financing <br /> 6 of said facility. <br /> 7 <br /> 8 THE CITY OF EVERETT DOES ORDAIN: <br /> 9 SECTION 1 : That Section 2 of Ordinance No. 259-73 be <br /> amended to read as follows : <br /> 10 <br /> Section 2 : The total estimated cost of said facility is hereby <br /> 11 declared to be $150, 000 including architect' s fees and costs of <br /> establishing financing. It is the intent of the City Council <br /> 12 that the Council will authorize Revenue Bonds based on projected <br /> revenues of the facility. <br /> 13 <br /> SECTION 2 : That Section 4 of Ordinance No. 259-73 be amended <br /> 14 to read as follows : <br /> 15 Section 4 : Pending issuance of the bonds to be authorized <br /> by the City Council, interim warrants may be issued against <br /> 16 the Park Construction Fund to bear interest at the rate of <br /> not more than six (6%) to be payable out of the proceeds of <br /> 17 the sale of bonds within twelve (12) months, but not to <br /> exceed twenty seven (27) months. <br /> 18 <br /> 19 <br /> 20 <br /> 21 I 1 <br /> Mayor <br /> 22 <br /> Attest: <br /> 23 <br /> 24 <br /> 25 ��- <br /> v <br /> 26 City Clerk <br /> 27 Passed: -7'7/ <br /> 28 Valid: to - -7!" <br /> 29 Published: /O- 7 7y <br /> 30 <br /> 31 <br /> 32 <br />