Metropolitan King County Council
Meeting Minutes
June 25, 2024
Budget and Fiscal Management
8.
AN ORDINANCE authorizing the issuance and sale of one or more series of sewer revenue bonds and
limited tax general obligation bonds payable from sewer revenues of the county in an aggregate
principal amount not to exceed $1,200,000,000 to provide funds for acquiring and constructing
improvements to the sewer system and to pay the costs of issuing such bonds; authorizing the
issuance and sale of one or more series of sewer revenue bonds and limited tax general obligation
bonds payable from sewer revenues of the county to refund outstanding obligations of the county
payable from sewer revenues and to pay the costs of issuing such refunding bonds; pledging sewer
revenues to pay the principal of and interest on sewer revenue bonds issued under this ordinance;
amending reserve requirements; and pledging the annual levy of taxes and an additional pledge of
sewer revenues to pay the principal of and interest on limited tax general obligation bonds issued
under this ordinance.
Sponsors:
Zahilay
The enacted number is 19785.
Councilmember Zahilay moved Striking Amendment S1. The motion carried.
Councilmember Zahilay moved Title Amendment T1. The motion carried.
Carol Basile, Deputy Director, Finance, Business and Operating Division, made
remarks and introduced Rob Shelley, Council Financial Advisor, Piper Sandler.
Rob Shelley made remarks and answered questions of the Council.
A Public Hearing was held and closed. A motion was made by Councilmember
Zahilay that this Ordinance be Passed as Amended. The motion carried by the
following vote:
9 - Balducci, Barón, Dembowski, Dunn, Mosqueda, Perry, Upthegrove, von
Reichbauer, and Zahilay
Yes:
Motions, from Standing Committees and Regional
Committees and Motions related to Collective Bargaining,
for Council Action
Consent Items 9-11
9.
A MOTION confirming the executive's appointment of Yasmin Ali, who resides in council district three,
to the King County women's advisory board, as the district three representative.
Sponsors:
Perry
The enacted number is 16616.
A Public Hearing was held and closed. This matter passed on the Consent
Agenda.