HomeMy WebLinkAboutOrd 1245 - LID #30 (Local Improvement District) - Extend Interim Finance Period 1, 1 Db-
OF TUK WILA
WASHINGTON
ORDINANCE NO. Y'
AN ORDINANCE OF THE CITY OF TUKWILA, WASHINGTON,
EXTENDING THE INTERIM FINANCE PERIOD AND CHANGING
THE INTEREST RATE FOR LID #30 AS SET BY ORDINANCE
NO. 1176.
WHEREAS, Ordinance No. 1169, adopted the 7th day of July,
1980, authorized the issuance of LID 30 revenue warrants, and
WHEREAS, Ordinance No. 1176, adopted the 2nd day of September,
1980, designated First Interstate Bank of Washington as the lending
institution for interim financing through January 31, 1982, and
WHEREAS, due to the necessity of extending the construction
period, it i,s advisable to extend the interim finance period set by
Ordinance No. 1176.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF TUKWILA,
WASHINGTON, DO ORDAIN AS FOLLOWS:
The interim finance period is hereby extended for 4months
starting February 1, 1982 to May 31, 1982 w_itb the interest
rate set at 12.38% on all LID #30 revenue warrants being
held by First Interstate Bank of Washington, which are issued
on or after February 1, 1982.
PASSED BY THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON,
at a regular meeting thereof this day of �cC� 1982.
Mcyor
ATTEST:
City Cl erk
AVproved as to Form
i
C1ty Attorney, L e a EHard
Published Record Chronicle March 14, 1982