File #: 2015-0253    Version: 1
Type: Ordinance Status: Passed
File created: 7/13/2015 In control: Budget and Fiscal Management Committee
On agenda: Final action: 7/27/2015
Enactment date: 7/30/2015 Enactment #: 18090
Title: AN ORDINANCE authorizing the issuance and public sale of one or more series of limited tax general obligation bonds of the county in an outstanding aggregate principal amount not to exceed $31,500,000 to provide long-term financing for all or part of the capital costs of the 420 Fourth Avenue Acquisition Project, the Archives Records Warehouse Lighting Project, the Eastside Rail Corridor Acquisition Project, the District Court Case Management System Project, the DJA Case Management System Project, the Election Management System Project, the Records and Licensing Software Application Replacement Project, the Jail Toilet Controls Retrofit Project, the KCCF Lighting Retrofit Project, the MRJC Solar Project, the Orcas Fleet Management Facility Project, the RSD LED Conversion Project and the Solid Waste Lighting Project; providing for the disposition of the proceeds of sale of the bonds; establishing funds for the receipt and expenditure of bond proceeds and for the payment of the bonds; an...
Sponsors: Joe McDermott
Indexes: Bonds, ERC/BNSF
Attachments: 1. Ordinance 18090.pdf, 2. 2015-0253 legislative review form.pdf, 3. 2015-0253 Fiscal Note.xls, 4. 2015-0253 transmittal letter.doc, 5. 2015-0209_2015-0253_SR_SWD_and_Various_Purpose_Bonds.docx
Staff: Hamacher, Patrick
Drafter
Clerk 06/30/2015
title
AN ORDINANCE authorizing the issuance and public sale of one or more series of limited tax general obligation bonds of the county in an outstanding aggregate principal amount not to exceed $31,500,000 to provide long-term financing for all or part of the capital costs of the 420 Fourth Avenue Acquisition Project, the Archives Records Warehouse Lighting Project, the Eastside Rail Corridor Acquisition Project, the District Court Case Management System Project, the DJA Case Management System Project, the Election Management System Project, the Records and Licensing Software Application Replacement Project, the Jail Toilet Controls Retrofit Project, the KCCF Lighting Retrofit Project, the MRJC Solar Project, the Orcas Fleet Management Facility Project, the RSD LED Conversion Project and the Solid Waste Lighting Project; providing for the disposition of the proceeds of 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.
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PREAMBLE:
The county council has previously reviewed and approved expenditures for the 420 Fourth Avenue Acquisition Project, the Archives Records Warehouse Lighting Project, the Eastside Rail Corridor Acquisition Project, the District Court Case Management System Project, the DJA Case Management System Project, the Election Management System Project, the Records and Licensing Software Application Replacement Project, the Jail Toilet Controls Retrofit Project, the KCCF Lighting Retrofit Project, the MRJC Solar Project, the Orcas Fleet Management Facility Project, the RSD LED Conversion Project and the Solid Waste Lighting Project.
It is deemed necessary and advisable that the county now authorize the issuance and sale of one or more series of its limited tax general obligation bonds in an outstanding aggregate principal amount not to exceed $31,50...

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