File #: 2004-0091    Version: 1
Type: Ordinance Status: Passed
File created: 2/23/2004 In control: Budget and Fiscal Management Committee
On agenda: Final action: 3/29/2004
Enactment date: 4/9/2004 Enactment #: 14857
Title: AN ORDINANCE authorizing the issuance of $164,000,000 principal amount of unlimited tax general obligation bonds of the county to provide part of the funds for making capital improvements to Harborview Medical Center, as authorized by county ordinance and approved by the qualified electors of the county at the September 19, 2000 election; providing for the date, form and terms of said bonds; providing for the sale of the bonds and the disposition of the proceeds of sale; establishing funds for the receipt and expenditure of bond proceeds and for the payment of the bonds; and providing for the annual levy of taxes to pay the principal thereof and interest thereon.
Sponsors: Larry Gossett
Indexes: Bonds, Harborview
Attachments: 1. Ordinance 14857.pdf, 2. 2004-0091 Attachment 5 to Staff Report 3-24-04, 3. 2004-0091 Revised Staff Report 3-24-04 , 4. 2004-0091 Staff Report 3-24-04, 5. 2004-0091 Transmittal Letter.doc, 6. A. Exhibit A Form of Bond
Drafter
Clerk 03/24/2004
title
AN ORDINANCE authorizing the issuance of $164,000,000 principal amount of unlimited tax general obligation bonds of the county to provide part of the funds for making capital improvements to Harborview Medical Center, as authorized by county ordinance and approved by the qualified electors of the county at the September 19, 2000 election; providing for the date, form and terms of said bonds; providing for the sale of the bonds and the disposition of the proceeds of sale; establishing funds for the receipt and expenditure of bond proceeds and for the payment of the bonds; and providing for the annual levy of taxes to pay the principal thereof and interest thereon.
body
PREAMBLE:
At an election held in King County, Washington (the "county"), on September 19, 2000, the number and proportion of the qualified electors of the county required by law for the adoption thereof voted in favor of a proposition authorizing the issuance of unlimited tax general obligation bonds of the county in the aggregate principal amount of $193,130,000 to provide funds to pay part of the cost of acquiring, constructing, equipping and making certain capital improvements to facilities of Harborview Medical Center, as authorized by Ordinance 13896 of the county, passed on July 10, 2000.
As authorized by Ordinance 13963 of the county and Motion 11106 of the county council, the county issued $29,130,000 principal amount of such authorized bonds on February 6, 2001.
The council now deems it necessary and advisable that the county issue and sell the remaining $164,000,000 principal amount of such authorized bonds to provide part of the funds necessary to acquire, construct, equip and make said capital improvements to facilities of Harborview Medical Center.
BE IT ORDAINED BY THE COUNCIL OF KING COUNTY:
SECTION 1. Definitions. The following words and terms as used in this ordinance shall have the following meanings for all purposes of this ordinance...

Click here for full text