File #: 2023-0155    Version:
Type: Ordinance Status: Passed
File created: 4/4/2023 In control: Budget and Fiscal Management Committee
On agenda: Final action: 6/6/2023
Enactment date: 6/14/2023 Enactment #: 19624
Title: AN ORDINANCE amending Ordinance 19530, adopted by the council on November 15, 2022, which authorized the issuance of limited tax general obligation bonds of the county; and amending Ordinance 19530, Sections 1, 2, 4, 13, 17, and 19.
Sponsors: Joe McDermott
Indexes: Bonds, Taxes
Attachments: 1. Ordinance 19624, 2. B. List of Projects and Associated Funds, 3. 2023-0155 transmittal letter, 4. 2023-0155 Fiscal Note, 5. 2023-0155 Legislative Review Form, 6. 2023-0154 & 0155_SR_2023_1st Omnibus_5-10-23 BFM, 7. 2023-0154_0155_SR_1stOmnibus_LTGO_5-24-23 BFM, 8. 2023-0155 ATT11 AMD1_TechnicalCorrection_BondOrdinance, 9. 2023-0154_0155_RevisedSR_1stOmnibus_LTGO_5-24-23 BFM
Related files: 2022-0386
Drafter
Clerk 05/24/2023
Title
AN ORDINANCE amending Ordinance 19530, adopted by the council on November 15, 2022, which authorized the issuance of limited tax general obligation bonds of the county; and amending Ordinance 19530, Sections 1, 2, 4, 13, 17, and 19.
Body
PREAMBLE:
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 money lawfully available and pledged or provided by the governing body of the county.
The county council has either previously reviewed and approved or expects to review and approve 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 and participatory budgeting projects.
Pursuant to Ordinance 19530 (the "Original Ordinance"), the county is authorized to issue and sell from time to time one or more series of its limited tax general obligation bonds in an aggregate principal amount not to exceed $664,000,000 to provide financing for these projects as identified in the Original Ordinance, and to pay the costs of issuing the bonds.
In addition to the projects identified in the Original Ordinance, the county council has either previously reviewed and approved or expects to review and approve the Cedar Hills Regional Landfill Facilities relocation project, the Ames Lake Trestle Bridge replacemen...

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