HomeMy WebLinkAboutOrd 1174 - LID #29 (Local Improvement District) - Extend Interim Finance PeriodWHEREAS, ordinance no. 1098 adopted February 5, 1979
authorized the issuance of LID 29 revenue warrants; and
WHEREAS, ordinance no. 1105 adopted March 19, 1979
designated Seattle First National Bank as the lending institution
for interim financing thru February 1st, 1980, and
WHEREAS, due to delays in construction of the project
and increased costs;
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF TUKWILA
DO ORDAIN AS FOLLOWS:
Hereby extends the interim finance period for an
additional year, and sets the interest rate at 8.25 from August
4, 1980, on revenue warrants 1 thru 13 being held by Seattle
First National Bank.
PASSED BY THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON
at a regular meeting thereof this /v2 day of Auclu 1980.
APPROVED AS TO FORM
Vh-7 1/(I y0. i P
CITY of TUKWIL4
AN ORDINANCE OF THE CITY OF TUKWILA EXTENDING THE INTERIM
FINANCE PERIOD AND CHANGING THE INTEREST RATE FOR LID #29
AS SET BY ORDINANCE #1105.
WASHINGTON
ORDINANCE NO. 74
ATTEST:
City Attorney, Lawrence E. Hard
Published Record Chronicle August 22, 1980
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!COUNCIL ACTION
MEETING I DATE AGENDA I ACTION