2/18/2021 1:02:21 AM
2/17/2021 12:22:50 PM
PROVIDING FOR THE ESTABLISHMENT OF A REVOLVING LINE OF CREDIT EVIDENCED BY THE ISSUANCE, SALE AND DELIVERY OF A NOT TO EXCEED $4,500,000 PRINCIPAL AMOUNT LIMITED TAX GENERAL OBLIGATION NOTE, AND REPEALING ORDINANCE NO. 3082
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DocuSign Envelope ID:7F227D0A-1ACA-45DC-874C-5A3611003B9E <br /> CITY OF ANACORTES, WASHINGTON <br /> ORDINANCE NO. 3084 <br /> AN ORDINANCE of the City of Anacortes, Washington, relating to <br /> contracting indebtedness;providing for the establishment of a revolving line of credit <br /> evidenced by the issuance, sale and delivery of a not to exceed $4,500,000 principal <br /> amount limited tax general obligation Note, in order to provide part of the funds <br /> necessary to design and construct extensions to and betterments of the City's fiber <br /> optic network for the purpose of supporting City services and other municipal and <br /> public purposes,and to pay the costs of issuance and sale of the Note; fixing or setting <br /> parameters with respect to certain terms and covenants of the Note; appointing the <br /> City's designated representative to approve the terms of the sale and delivery of the <br /> Note to SaviBank; repealing Ordinance No. 3082 of the City; and providing for other <br /> related matters. <br /> Passed February 16, 2021 <br /> This document prepared by: <br /> Stradling Yocca Carlson&Rauth,P.C. <br /> Seattle,Washington 98104 <br /> (206) 829-3000 <br />
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