File #: 2022-0386    Version:
Type: Ordinance Status: Passed
File created: 10/4/2022 In control: Budget and Fiscal Management Committee
On agenda: Final action: 11/15/2022
Enactment date: 11/29/2022 Enactment #: 19530
Title: AN ORDINANCE authorizing the issuance and sale of one or more series of limited tax general obligation bonds of the county in an aggregate principal amount not to exceed $664,000,000 to provide financing for the public defense management system upgrade projects, the civil case management system upgrade projects, the conservation futures land acquisition projects, the affordable housing and homeless housing projects, the community facilities bond projects, the 911 call center project, the energize home appliance upgrade project, the energize program, the equitable wastewater futures project, the community safety through lighting projects, the farmland infrastructure project, the electric vehicle charging infrastructure projects, the county facilities capital improvement projects, the solid waste division capital improvement plan projects, the road projects, the Skyway community center, the Fall City community center and participatory budgeting projects, and to pay the costs of issuing t...
Sponsors: Joe McDermott
Indexes: affordable housing, Airport, Bonds, Climate Change, Electric Vehicle, Energy, Farmlands, Finance, Harborview, Homelessness, levy, Open Space, Regional Justice Center, Solid Waste, transit
Attachments: 1. Ordinance 19530, 2. A. Form of Bond, dated November 7, 2022, 3. 2022-0386 transmittal letter, 4. 2022-0386 Fiscal Note, 5. 2022-0386 Legislative Review Form, 6. 2022-0386_SR_ltgo bonds_Reed 10-26-2022, 7. 2022-0386_SR_LTGO Bond Ordinance 11-10-22, 8. 2022-0386_ATT2_S1_StrikingAmendment_BondOrdinance bar2 V2 11072022 346pm, 9. 2022-0386_ATT3_T1_TitleAmendment_BondOrdinance bar V2 11072022 346pm, 10. 2022-0386_AMD S2 StrikingAmendment_BondOrdinance11092022, 11. 2022-0386_AMD1toS2_BondOrd_Technical_OrgNames, 12. 2022-0386 Revised SR LTGO Bond
Related files: 2023-0155, 2024-RPT0018
Staff: Reed, Mike
Drafter
Clerk 11/10/2022
title
AN ORDINANCE authorizing the issuance and sale of one or more series of limited tax general obligation bonds of the county in an aggregate principal amount not to exceed $664,000,000 to provide financing for the public defense management system upgrade projects, the civil case management system upgrade projects, the conservation futures land acquisition projects, the affordable housing and homeless housing projects, the community facilities bond projects, the 911 call center project, the energize home appliance upgrade project, the energize program, the equitable wastewater futures project, the community safety through lighting projects, the farmland infrastructure project, the electric vehicle charging infrastructure projects, the county facilities capital improvement projects, the solid waste division capital improvement plan projects, the road projects, the Skyway community center, the Fall City community center and participatory budgeting projects, and to pay the costs of issuing the bonds; authorizing the issuance and sale of one or more series of limited tax general obligation refunding bonds to refund outstanding limited tax general obligations of the county and to pay the costs of issuing the refunding bonds; providing for the disposition of the proceeds of the sale of the bonds; 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
STATEMENT OF FACTS:
1. Pursuant to county authority including RCW 39.46.110, the county may issue limited tax general obligation bonds that are payable from tax revenues of the county and such other moneys lawfully available and pledged or provided by the governing body of the county.
2. The Washington state Legislature has found that Washington is experiencing a climate emergency in the form of increasingly devastating wildfires, flooding, drough...

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