Laserfiche WebLink
e/4/1 <br /> RESOLUTION NO. 4336 <br /> /7/1 Ole <br /> A RESOLUTION of the City Council of the City of Everett, Washington, <br /> reconfirming the adoption of Resolution No. 4311 relating to the Industrial <br /> Development Corporation of the City of Everett, Variable Rate Demand <br /> Industrial Revenue Bonds, 1996 (Partners Trust I/Synsor Project). <br /> WHEREAS, the Industrial Development Corporation of the City of Everett (the <br /> "Development Corporation") at a meeting on August 14, 1996 adopted Resolution No. <br /> 10 approving the issuance of $5,500,000 Variable Rate Demand Industrial Revenue <br /> Bonds, 1996 (Partners Trust I/Synsor Project) (the "Bonds") for the benefit of Partners <br /> Trust I and Synsor Corporation (collectively the "Company"); and <br /> WHEREAS, the City Council adopted Resolution No. 4311 on August 14, 1996, <br /> approving Resolution No. 10 and the issuance of the Bonds by the Development <br /> Corporation; and <br /> WHEREAS, RCW 39.84.100(6) requires that the delivery of the Bonds must occur no <br /> later than 60 days following the approval by the City; and <br /> WHEREAS, the Bonds have been placed with investors by Seafirst Bank, and closing <br /> is scheduled for October 17, 1996, which is more than 60 days after August 14, 1996; <br /> NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY <br /> OF EVERETT, WASHINGTON, as follows: <br /> Section 1: Resolution No. 4311, as adopted on August 14, 1996, by the City Council <br /> is hereby ratified, confirmed and re-approved as of this date. <br /> Councilmember Introducing olution <br /> PASSED AND APPROVED this 16th day of October, 1996. <br /> Council President <br />