Req. #1 01 16
SUBSTITUTE
RESOLUTION NO. 36260
1 A RESOLUTION of the City Council of the City of Tacoma, Washington, approving
2 the sale of the City's Limited Tax General Obligation Bonds, 2004, in the
aggregate principal amount of $51,900,000 to provide funds for the purpose
3 of refinancing costs of acquiring land for and constructing the City's new
regional convention center; and approving the sale of such bonds to First
4 Albany Capital Inc., all in accordance with Substitute Ordinance No. 27249
5 of the City.
6 WHEREAS the City Council by Substitute Ordinance No. 27249 passed
7 on June 29, 2004 (the "Bond Ordinance"), authorized the issuance and sale of
8 limited tax general obligation bonds of the City in the aggregate principal
9 amount of not to exceed $51,900,000 (the "Bonds") for the purpose of
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refinancing costs of acquiring land for and constructing the City's new regional
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convention center, and
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13 WHEREAS the Bond Ordinance authorized the City's Director of
14 Finance to conduct a competitive sale of the Bonds, Object to approval by
15 resolution of the City Council, and
16 WHEREAS, pursuant to the Bond Ordinance, a preliminary official
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statement and a notice of sale in the form set forth at Exhibit A has been
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prepared and distributed for the sale of the Bonds, and
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20 WHEREAS, pursuant to the notice of sale, the City received 9 bids to
21 purchase the Bonds (copies ...
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