SEATTLE CITY COUNCIL - Record No: CB 120006

• Record No: CB 120006
• Version: 2
• Council Bill No: CB 120006
• Type: Ordinance (Ord)
• Status: Passed
• Current Controlling Legislative Body: City Clerk
• On agenda: 3/8/2021
• Ordinance No: Ord 126288
• Title: AN ORDINANCE relating to contracting indebtedness; amending Ordinance 126219; and ratifying and confirming certain prior acts.
• Sponsors: Teresa Mosqueda
• Supporting documents: 1. Summary and Fiscal Note, 2. Central Staff Memo, 3. Presentation, 4. Amendment 1 to CB 120006-CM Mosqueda (added; 3/2/21), 5. Signed Ordinance 126288, 6. Affidavit of Publication

Date	Ver.	Action By	Action	Result
3/12/2021	2	City Clerk	attested by City Clerk
3/12/2021	2	Mayor	returned
3/12/2021	2	Mayor	Signed
3/10/2021	2	City Clerk	submitted for Mayor's signature
3/8/2021	2	City Council	passed	Pass
3/2/2021	1	Finance and Housing Committee	pass as amended	Pass
3/1/2021	1	City Council	referred
2/24/2021	1	Council President's Office	sent for review
2/16/2021	1	City Clerk	sent for review
2/16/2021	1	Mayor	Mayor's leg transmitted to Council

CITY OF SEATTLE
ORDINANCE __________________
COUNCIL BILL __________________
title
AN ORDINANCE relating to contracting indebtedness; amending Ordinance 126219; and ratifying and confirming certain prior acts.
body
WHEREAS, The City of Seattle, Washington (the "City") has determined that it is in its best interest to authorize the financing of certain improvements at the Seattle Center as part of the previously authorized general obligation bond issuance for 2021; and
WHEREAS, it is therefore necessary to amend the description of capital projects identified in Exhibit A that was attached to Ordinance 126219 and to adjust the maximum principal amount of bonds authorized to be issued to accommodate this additional project; NOW, THEREFORE,
BE IT ORDAINED BY THE CITY OF SEATTLE AS FOLLOWS:
Section 1. Amendments to Section 4 of Ordinance 126219. Section 4 of Ordinance 126219 is amended as follows:
Section 4. Appointment of Designated Representative; Bond Sale Terms.
(a) Designated Representative. The Director of Finance is appointed to serve as the City's designated representative in connection with the issuance and sale of the Bonds in accordance with RCW 39.46.040(2) and this ordinance.
(b) Parameters for Bond Sale Terms. The Director of Finance is authorized to approve on behalf of the City Bond Sale Terms for the sale of the Bonds in one or more Series and, in connection with each such sale, to execute a Bond Purchase Contract (or, in the case of a competitive sale, a Pricing Certificate) confirming the Bond Sale Terms and such related agreements as may be necessary or desirable, consistent with the following parameters:
(i) Maximum Principal Amount. The maximum aggregate principal amount of all Series of the Bonds authorized by this ordinance may not exceed (($212.7))$221 million.
(ii) Date or Dates. Each Bond shall be dated its Issue Date, as determined by the Director of Finance, whic...