King County - File #: 2003-0398

• File #: 2003-0398
• Version: 1
• Type: Ordinance
• Status: Passed
• File created: 9/2/2003
• In control: Budget and Fiscal Management Committee
• Final action: 9/29/2003
• Enactment date: 10/9/2003
• Enactment #: 14766
• Title: AN ORDINANCE providing for the issuance of one or more series of limited tax general obligation bonds of the county in an outstanding aggregate principal amount not to exceed $89,000,000 to finance or reimburse the county for the Treemont Conservation Easement Acquisition Project and to refund, on a current basis, all or a portion of the county's Limited Tax General Obligation Bonds (Various Purpose), 1993 Series A, and Limited Tax General Obligation and Refunding Bonds (Various Purpose), 1993 Series B; providing for the public sale of the bonds and the disposition of the proceeds of sale; establishing funds for the receipt and expenditure of bond proceeds and for the payment of the bonds; and providing for the annual levy of taxes to pay the principal thereof and interest thereon.
• Sponsors: Larry Phillips
• Indexes: Bonds, Budget, Finance, levy, Taxes

Date	Ver.	Action By	Action	Result
9/29/2003	1	Metropolitan King County Council	Hearing Held
9/29/2003	1	Metropolitan King County Council	Passed	Pass
9/24/2003	1	Budget and Fiscal Management Committee
9/10/2003	1	Budget and Fiscal Management Committee	Deferred
9/2/2003	1	Metropolitan King County Council	Introduced and Referred

Drafter
Clerk 08/21/2003
Title
AN ORDINANCE providing for the issuance of one or more series of limited tax general obligation bonds of the county in an outstanding aggregate principal amount not to exceed $89,000,000 to finance or reimburse the county for the Treemont Conservation Easement Acquisition Project and to refund, on a current basis, all or a portion of the county's Limited Tax General Obligation Bonds (Various Purpose), 1993 Series A, and Limited Tax General Obligation and Refunding Bonds (Various Purpose), 1993 Series B; providing for the public sale of the bonds and the disposition of the proceeds of sale; establishing funds for the receipt and expenditure of bond proceeds and for the payment of the bonds; and providing for the annual levy of taxes to pay the principal thereof and interest thereon.
Body

TABLE OF CONTENTS

Page

SECTION 1. Definitions|913|
SECTION 2. Findings|913|
SECTION 3. Authorization of Project|913|
SECTION 4. Purpose, Authorization and Description of Bonds; Use of Depository|913|
SECTION 5. Optional Redemption of Bonds 11
SECTION 6. Notice and Effect of Redemption 12
SECTION 7. Form of Bonds 14
SECTION 8. Execution of Bonds 20
SECTION 9. Bond Registrar 20
SECTION 10. Mutilated, Lost, or Destroyed Bonds 22
SECTION 11. Covenants and Warranties 22
SECTION 12. Application of Bond Proceeds--New Money 24
SECTION 13. Application of Bond Proceeds--Refunding 24
SECTION 14. Application of Bond Proceeds--General 27
SECTION 15. Bond Redemption Fund 28
SECTION 16. Pledge of Taxation and Credit 29
SECTION 18. Arbitrage Rebate 30
SECTION 19. Sale of Bonds 30
SECTION 20. Delivery of Bonds 32
SECTION 21. Preliminary Official Statement Declaration 33
SECTION 22. Approval of Official Statement 33
SECTION 23. Undertaking to Provide Ongoing Disclosure 33
SECTION 24. General Authorization 34
SECTION 25. Refunding or Defeasance of Bonds 34
SECTION 26. Open Market Purchase 35
SECTION 27. Contract; Severability ...