Req. #8618
ORDINANCE NO. 26824
AN ORDINANCE of the City of Tacoma, Washington, providing for the issuance
and sale of limited tax general obligation refunding bonds of the City in the
2 principal sum of not to exceed $18,000,000 for the purpose of refunding
certain outstanding limited tax general obligation bonds of the City; and
3 providing the form and terms of the bonds.
4 WHEREAS the City now has outstanding its Limited Tax Levy General
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Obligation Bonds, Series 1992A, in the aggregate principal amount of
6
7 $13,630,000, issued on January 15, 1992 (the "1992A Bonds"), of which
8 $11,970,000 are callable for redemption in advance of their maturity, and
9 WHEREAS Substitute Ordinance No. 25041, adopted on January 21,
10 1992, which authorized the issuance of the 1992A Bonds, provides that the City
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may call such bonds for redemption on December 1, 2002, at a price of
1 2
1 3 101 percent, and
14 WHEREAS the City now has outstanding its Limited Tax General
1 5 Obligation Bonds, Series 1994, in the aggregate principal amount of
16 $5,440,000, issued on May 15, 1994 (the "1994 Bonds"), of which $4,525,000
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18 are callable for redemption in advance of their maturity, and
19 WHEREAS Substitute Ordinance No. 25491, adopted on May 13, 1994,
20 which authorized the issuance of the 1994 Bonds, provides that the City may
21 call such bonds for redemption on June 1, 2004, at a price of par, plus accrued
22
interest to the date of redempt...
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