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(b) Contracts for the SCORE Facility. The Administrative Board shall <br />authorize, and the Presiding Officer of the Administrative Board, or his or her approved <br />designee, will execute contracts for the development, improvement and maintenance of the <br />SCORE Facility. These contracts may include, without limitation, contracts for <br />architectural design and engineering, project management services, real estate acquisition, <br />and construction. <br />(c) SCORE Facility Public Development Authority. In order to finance and <br />refinance costs of acquiring, constructing, improving and equipping the SCORE Facility, <br />the City of Renton has chartered the SCORE Facility Public Development Authority. The <br />purpose of the SCORE Facility Public Development Authority is to issue Bonds to finance <br />and refinance the acquisition, construction, improvement and equipping of the SCORE <br />Facility and for any other SCORE purpose. The Administrative Board shall serve ex <br />officio as the Board of Directors of the SCORE Facility Public Development Authority as <br />further provided in the Authority's organizational charter. Upon issuance of Bonds by the <br />SCORE Facility Public Development Authority, Bond proceeds shall be deposited on <br />behalf of SCORE and used for the purposes set forth herein. SCORE shall be obligated to <br />make payments to the SCORE Facility Public Development Authority at the time and in <br />the amounts required to pay principal of and interest on the Bonds and any administrative <br />costs of the SCORE Facility Public Development Authority. <br />(d) SCORE Facility Financing. <br />(1) Capital Contributions. Each Owner City shall be obligated to pay <br />an amount equal to its Capital Contribution without regard to the payment or lack thereof <br />by any other Owner City. No Owner City shall be obligated to pay the Capital <br />Contribution of any other Owner City, and each Owner City shall be obligated to budget <br />for and pay its Capital Contribution. The obligation of each Owner City to pay its Capital <br />Contribution shall be an irrevocable full faith and credit obligation of such Owner City, <br />payable from property taxes levied within the constitutional and statutory authority <br />provided without a vote of the electors of the Owner City on all of the taxable property <br />within the Owner City and other sources of revenues available therefor. Each Owner City <br />has or will set aside and include in its calculation of outstanding nonvoted general <br />obligation indebtedness an amount equal to the principal component of its Capital <br />Contribution for so long as Bonds remain outstanding, unless relieved of such payment in <br />accordance with Section 4(g). Each Owner City's obligation to pay the Capital <br />Contribution shall not be contingent on the receipt of any revenues from other sources, <br />including but not limited to Subscribing Agencies or any Member Cities. <br />An Owner City may prepay its Capital Contribution in a manner that is <br />consistent with the authorizing documents for the Bonds; provided, however, that any such <br />prepayment of one or more Owner Cities shall not affect the Capital Contribution of the <br />12 <br />