SEATTLE CITY COUNCIL - Record No: CB 119109

• Record No: CB 119109
• Version: 1
• Council Bill No: CB 119109
• Type: Ordinance (Ord)
• Status: Passed
• Current Controlling Legislative Body: City Clerk
• On agenda: 11/20/2017
• Ordinance No: Ord 125457
• Title: AN ORDINANCE relating to contracting indebtedness; authorizing the issuance and sale, from time to time in multiple series, of limited tax general obligation refunding bonds and unlimited tax general obligation refunding bonds for the purpose of carrying out the current or advance refunding of all or part of the City's outstanding limited tax general obligation bonds, carrying out the current or advance refunding of all or part of the City's outstanding unlimited tax general obligation bonds pursuant to an approved refunding plan, and to pay the administrative costs of carrying out such refundings and the costs of issuance of the refunding bonds; providing parameters for the bond sale terms including conditions, covenants, and other sale terms; rescinding the authorization to issue any future general obligation refunding bonds under Ordinance 121651 (as previously amended by Ordinance 122286, and as previously amended and restated by Ordinance 124343); authorizing the Director of Finan...
• Sponsors: Lisa Herbold
• Supporting documents: 1. Summary and Fiscal Note, 2. Signed Ord_125457, 3. Affidavit of Publication

Date	Ver.	Action By	Action	Result
11/28/2017	1	City Clerk	attested by City Clerk
11/28/2017	1	Mayor	returned
11/22/2017	1	Mayor	Signed
11/22/2017	1	City Clerk	submitted for Mayor's signature
11/20/2017	1	City Council	passed	Pass
11/20/2017	1	Select Budget Committee	pass	Pass
10/23/2017	1	City Council	referred
10/19/2017	1	Council President's Office	sent for review
10/18/2017	1	City Clerk	sent for review
9/25/2017	1	Mayor	Mayor's leg transmitted to Council

CITY OF SEATTLE
ORDINANCE __________________
COUNCIL BILL __________________
title
AN ORDINANCE relating to contracting indebtedness; authorizing the issuance and sale, from time to time in multiple series, of limited tax general obligation refunding bonds and unlimited tax general obligation refunding bonds for the purpose of carrying out the current or advance refunding of all or part of the City's outstanding limited tax general obligation bonds, carrying out the current or advance refunding of all or part of the City's outstanding unlimited tax general obligation bonds pursuant to an approved refunding plan, and to pay the administrative costs of carrying out such refundings and the costs of issuance of the refunding bonds; providing parameters for the bond sale terms including conditions, covenants, and other sale terms; rescinding the authorization to issue any future general obligation refunding bonds under Ordinance 121651 (as previously amended by Ordinance 122286, and as previously amended and restated by Ordinance 124343); authorizing the Director of Finance to enter into agreements providing for the disposition of the refunding bond proceeds; and ratifying and confirming certain prior acts.
body
WHEREAS, The City of Seattle, Washington (the "City") has previously authorized and issued, and may from time to time in the future authorize and issue, limited tax general obligation bonds and unlimited tax general obligation bonds designated as refundable under this ordinance (the "Refundable Bonds"), which Refundable Bonds may be refunded in order to achieve a cost savings or other benefit to the City as permitted under chapter 39.53 RCW; and
WHEREAS, the City Council has determined it to be in the best interest of the City and its taxpayers that it authorize the issuance and sale, subject to the provisions of this ordinance, of limited tax general obligation refunding bonds and unlimited tax general obligation refunding bonds (collectively, the "Bonds"), ...