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• <br /> • <br /> • r <br /> ORDINANCE NO. <br /> AN ORDINANCE amending Ordinance 455-77 , <br /> Central Business District Construction <br /> Phase II , Fund 311, by adding Section 7 <br /> authorizing the City Treasurer to issue <br /> interest bearing construction warrants. <br /> NOW, THEREFORE, THE CITY OF EVERETT DOES ORDAIN: <br /> Section 1: That Ordinance 455-77 is hereby amended by <br /> adding Section 7 as follows : <br /> Section 7 : The City Treasurer of the City <br /> of Everett is hereby authorized to negotiate <br /> a reasonable rate of interest and issue <br /> interest bearing warrants to satisfy interim <br /> construction costs not to exceed $307 , 500 . 00. <br /> These interest bearing warrants shall be redeemed <br /> by the Treasurer as soon as reimbursement or <br /> long term bond financing monies, as described <br /> elsewhere in this Ordinance, are received. <br /> CITY OF EVERETT <br /> Mayor <br /> ATTEST: <br /> City Clerk <br /> PASSED: G as ,979 <br /> VALID: a_ AA:1 O, / 79 <br /> PUBLISHED: �czAi3 / 2 9 <br />