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tt <br /> $'a <br /> ORDINANCE NO. 73 <br /> AN ORDINANCE amending Ordinance No. 156-71 and 254-73 <br /> authorizing construction of an Operation Support <br /> Facility for the City of Everett, declaring the <br /> 1 Total estimated cost, creating a special fund <br /> account and authorizing issuance of interim warrants <br /> for the financing of said facility and declaring an '+ <br /> emergency to exist. <br /> 3 <br /> 4 WHEREAS, 'the City Council in Ordinance No. 156-71 and 254-73 author- <br /> ;, <br /> 5 ized the City of Everett to construct an Operation Support (Service) <br /> rt <br /> 6 Facility to be built at the site of the present Water Department shops, <br /> €f WHEREAS, the City of Everett has construct&d said facility at an <br /> 8 1,1 estimated cost of $1,423,035.59 and authorized Councilmatic Bonds based <br /> g j on the existing credit of the City, <br /> 10 WHEREAS, the City Council desires to extend the time limits set <br /> 11 in Ordinance No. 156-71 for the issuance of interim warrants against <br /> 12 I? the Operation Support Facility Account, <br /> 13 ; NOW, THEREFORE, the City of Everett does ordain as follows : <br /> ( <br /> 14 Section 1: The total estimated cost of said facility including <br /> 15 land acquisition, architect fees, facility construction, perimeter <br /> 16 street improvements and interim interest payments is $1,423,035.59 <br /> 17 SEc.tion 2: Pending the issuance of the bonds to be authorized <br /> 18 by the City Council, interim warrants may be issued against the Operation <br /> 19 ` Support Facility Account to bear interest at no more than six (6) percent <br /> 20 to be payable out of the proceeds of the sale of bonds until March 31, 1974. <br /> 21 Section 3: That an emergency is hereby declared to exist and this <br /> 22 ordinance shall take effect upon it becoming valid. • <br /> 23 !1 <br /> 24 !1 , <br /> 25 1' Mayor <br /> 26 t <br /> I' ATTEST: <br /> 27 1 <br /> 28 <br /> 1 ���yr� <br /> 29 !; ity Cler <br /> 30 Passed: /2- -2-6-) <br /> 31 Valid: f 7 <br /> 32 Published: ( — —7 `f <br />