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-r <br /> ORDINANCE NO. f <br /> AN ORDINANCE amending Ordinance No. 156-71 <br /> authorizing construction of an Operation <br /> Support Facility for the City of Everett, <br /> declaring the total estimated cost, <br /> creating a special fund account and <br /> authorizing issuance of interim warrants <br /> 1 for the financing of said facility. <br /> 2 <br /> 3 WHEREAS, the City Council in Ordinance No. 156-71 author- <br /> 4 ized the City of Everett to construct an Operation Support <br /> 5 (Service) Facility to be built at the site of the present Water <br /> 6 Department shops, <br /> 7 WHEREAS, the City of Everett has constructed said facility <br /> 8 at an estimated cost of $1, 423, 035. 59 and it was the intent of <br /> 9 the City Council in Ordinance No. 156-71 to authorize Councilmatic <br /> 10 Bond based on the existing credit of the City, <br /> 11 WHEREAS, the City Council desires to extend the time limits <br /> 12 set in Ordinance No. 156-71 for the issuance of interim warrants <br /> 13 against the Operation Support Facility Account, <br /> 14 NOW, THEREFORE, the City of Everett does ordain as follows : <br /> 15 Section 1: The total estimated cost of said facility <br /> 16 including land acquisition, architect fees, facility construction, <br /> 17 perimeter street improvements and interim interest payments is <br /> 18 $1, 423 , 035. 59 <br /> 19 Section 2 : Pending the issuance of the bonds to be <br /> 20 authorized by the City Council, interim warrants may be issued <br /> 21 against the Operation Support Facility Account to bear interest <br /> 22 at the rate of six (6) percent to be payable out of the proceeds <br /> 23 of the sale of bonds until January 1, 1974. { <br /> 24 <br /> Ma or <br /> 25 . <br /> 26 r <br /> Deputy City C erk <br /> 27 <br /> 28 Passed: g - /sr 7J <br /> 29 Valid: (, - 7y <br /> 30 Published: <br /> 31 <br /> 32 <br />