File #: 2007-0418    Version:
Type: Motion Status: Passed
File created: 9/4/2007 In control: Capital Budget Committee
On agenda: Final action: 10/15/2007
Enactment date: Enactment #: 12608
Title: A MOTION of the county council accepting a bid for the purchase of the county's Limited Tax General Obligation Bond Anticipation Notes, 2007, in the aggregate principal amount of $43,975,000 and fixing the interest rate and other terms thereof in accordance with Ordinance 14167, as amended by Ordinance 14463, Ordinance 14745, Ordinance 14992, Ordinance 15285 and Ordinance 15604.
Sponsors: Bob Ferguson
Indexes: Bonds, Finance
Attachments: 1. 12608.pdf, 2. 2007-0418 Transmittal Letter.doc, 3. Staff Report 10-3-2007 , 4. A. Official Notice of Sale King County, Washington Limited Tax General Obligation Bonds, $10,090,000* 2007 Series C $33,470,000* 2007 Series D $44,285,000* Limited Tax General Obligation Bond Anticipation Notes, 2007, 5. B. Citigroup Global Markets Inc. - New York, NY's Bid King County $44,285,000 Limited Tax General Obligation Bond Anticipation Notes, 2007, 6. A. Official Notice of Sale King County, Washington Limited Tax General Obligation Bonds, $10,090,000* 2007 Series C $33,470,000* 2007 Series D $44,285,000* Limited Tax General Obligation Bond Anticipation Notes, 2007, 7. B. Citigroup Global Markets Inc. - New York, NY's Bid King County $44,285,000 Limited Tax General Obligation Bond Anticipation Notes, 2007, 8. Staff Report 10-3-07
Staff: Hamacher, Patrick
title
A MOTION of the county council accepting a bid for the purchase of the county's Limited Tax General Obligation Bond Anticipation Notes, 2007, in the aggregate principal amount of $43,975,000 and fixing the interest rate and other terms thereof in accordance with Ordinance 14167, as amended by Ordinance 14463, Ordinance 14745, Ordinance 14992, Ordinance 15285 and Ordinance 15604.
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WHEREAS, pursuant to Ordinance 14167, the county council authorized the issuance of one or more series of its limited tax general obligation bonds in an outstanding aggregate principal amount not to exceed $125,000,000 to provide long-term financing for the Courthouse Seismic Project, the North Rehabilitation Facility Project and the Regional Communications and Emergency Control Center Project, each defined and described in Ordinance 14167, and further authorized the issuance and public sale of one or more series of its limited tax general obligation bond anticipation notes in an outstanding aggregate principal amount not to exceed $125,000,000 to provide interim financing for such projects pending the issuance of the bonds, and
WHEREAS, pursuant to Ordinance 14463, the county council amended Ordinance 14167 to revise the description of the North Rehabilitation Facility Project and to augment the projects authorized to be financed, on a long-term basis, by such bonds, and pending the sale of such bonds, on an interim basis, by such bond anticipation notes by the addition of the Courthouse Earthquake Repairs, all as defined and described in Ordinance 14463, and
WHEREAS, pursuant to Ordinance 14745, the county council amended Ordinance 14167, as previously amended by Ordinance 14463, to add the Integrated Security and Jail Health Remodel Project to the list of projects that are authorized to be financed, on a long-term basis, by such bonds, and pending the sale of such bonds, on an interim basis, by such bond anticipation notes, and that the maximum outstanding aggregat...

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