Drafter
Clerk 12/07/2015
Title
A MOTION of the county council approving the final aggregate principal amount, interest payment dates, interest rates, maturity schedule and principal amounts per maturity, and redemption provisions of the county's Limited Tax General Obligation Refunding Bonds, 2015, Series E, approving a plan to refund a portion of the bonds issued to finance the King Street Center and Ninth and Jefferson facilities, and approving a plan effecting the transfer of the King Street Center facility to the county upon full defeasance or final maturity of the CDP-King County III Lease Revenue Refunding Bonds, 2007 (King Street Center Project), all in accordance with Ordinances 18112 and 18145.
Body
WHEREAS, pursuant to Ordinance No. 18112 (the "King Street Center Ordinance"), the county council authorized the issuance of one or more series of its limited tax general obligation bonds in an aggregate principal amount not to exceed $37,500,000 to redeem all or a portion of the CDP-King County III Lease Revenue Refunding Bonds, 2007 (King Street Center Project) (the "2007 CDP Bonds") prior to their scheduled maturity, and to pay the costs and expenses of issuing the bonds and, if applicable, costs of the King Street Center Transfer, as defined and described in the King Street Center Ordinance, and
WHEREAS, pursuant to Ordinance No. 18145 (the "NJB Ordinance" and together with the King Street Center Ordinance, the "Ordinance"), the county council authorized the issuance of one or more series of its limited tax general obligation bonds in an aggregate principal amount not to exceed $183,000,000 to redeem all or a portion of the NJB Properties Lease Revenue Bonds (King County, Washington Project), 2006 Series A and NJB Properties Lease Revenue Bonds (King County, Washington Project), 2006 Series B (Taxable) (the "NJB Bonds") prior to their scheduled maturity, and to pay the costs and expenses of issuing the bonds and, if applicable, costs of the Ha...
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