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Ariclft VIII. J ESPONSIBILITIrS OF COUNTY. <br />8.1. Immaape of Bonds. Subject to the terms of this <br />Agreement, the Election Ordinance and any Bond Ordinance or Bond <br />Ordinances adopted by the King County Council, the County will <br />issue Bonds for the purposes set forth herein and in the Election <br />Ordinance in a principal amount of not more than $117,640,000. <br />Of that amount, the maximum principal amount of Bond Proceeds to <br />be allocated to City of Seattle Projects is $41,795,000 and for <br />Suburban Jurisdiction Projects, $35,010,000. Such Bonds may be <br />sold at public sale in the manner required by law or, if the <br />County determines it to be in its best interest, by negotiated <br />sale. Maturity of such Bonds shall be as established by the <br />County. The Bonds shall be issued over a period not to exceed <br />seven years after their approval by the qualified electorate of <br />King County and may be issued in more than one series, may be <br />combined for the purpose of issuance with other authorized County <br />bonds and shall be issued in such amounts and in such <br />denominations and shall contain such redemption provisions and <br />other terms and conditions as shall be determined by the County. <br />8.2. Distribution of Bond Proceeds Agreement. Distribution <br />to the City of any Bond Proceeds is specifically conditioned upon <br />execution by the City and the County of this Agreement. <br />8.3. Future Support. The City may request additional funds <br />for additional Projects as set forth in this Agreement; however, <br />the County has no obligation to provide funds to the City in <br />excess of the amount shown in Attachment B, nor to provide funds <br />14 <br />901- 319.AG <br />