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the issuance and sale of revenue bonds , all pursuant to the provisions <br /> of Title 35 of the Revised Code of Washington, and provided for a <br /> public hearing on said comprehensive plan to be held before the City <br /> Council in the Council Chambers of the City Hall at 10 : 00 o ' clock <br /> a.m. (PST) on the 17th day of December, 1969 ; and <br /> WHEREAS, such public hearing was duly held by the City <br /> Council on the date at the time above mentioned and all persons <br /> appearing at the hearing were heard and no objections to such <br /> comprehensive plan were presented; and <br /> WHEREAS, pursuant to Ordinance No. 62-69 , passed by the <br /> City Council and approved by the Mayor on December 24, 1969 , the <br /> City ordered the carrying out of such comprehensive plan and <br /> established Local Improvement District No . 690 to finance in part <br /> such comprehensive plan and pursuant to Ordinance No . 90-70 , passed <br /> by the City Council and approved by the Mayor on September 3 , 1970 , <br /> the City issued and sold $863 ,506 .96 par value of bonds of Local <br /> Improvement District No. 690 to provide a part of the funds to carry <br /> out such comprehensive plan; and <br /> WHEREAS , the City heretofore entered into a Loan Agreement <br /> with the Department of Housing and Urban Development in the form of <br /> an offer dated August 1, 1966 , and an acceptance by resolution of the <br /> City Council adopted September 27 , 1966 , as amended November 1, 1966 , <br /> by Amendatory Loan Agreement No. 1 , January 6 , 1967, by Amendatory <br /> Loan Agreement No. 2 , May 19 , 1967 , by Amendatory Loan Agreement No. <br /> 3 and August 13 , 1970 , by Amendatory Loan Agreement No. 4 , providing <br /> for loans in the amount of $258 ,000 .00 and $262 ,000 . 00 , respectively, <br /> conditioned upon the further private sale of $477 , 000 . 00 par value of <br /> parking system revenue bonds of the City; and <br /> WHEREAS, it is deemed necessary and to the best interests <br /> of the City and its inhabitants that such bonds in the respective <br /> amounts of $258 ,000 . 00 , $262 ,000 .00 and $477 ,000 .00 par value so <br /> authorized be now issued and sold to provide a part of the money <br /> -2- <br />