Req. #10619
O"INANCE NO. 2 7 405
1 AN ORDINANCE relating to the water system of the City of Tacoma, providing
for the sale and issuance of water system revenue and refunding bonds in
2 the aggregate principal amount of not to exceed $62,000,000 to provide
3 funds to finance or refinance costs of capital improvements to the water
system and to refund a portion of the City's outstanding Water System
4 Revenue Bonds, 1997, and specifying the terms and covenants of the
bonds.
5
6 WHEREAS the City of Tacoma (the "City") owns and operates a water
7 system (the "Water System") financed through the issuance of water revenue
8 bonds,and
9 WHEREAS, pursuant to Ordinance No. 26122, the City issued its
10 $19,850,000 Water System Revenue Bonds, 1997 (the 1 997 Bonds"), and
I I WHEREAS, pursuant to Ordinance No. 26849, the City issued its
1 2
$32,900,000 Water System Revenue Refunding Bonds, 2001 (the "2001
1 3
1 4 Bonds"),and
1 5 WHEREAS, pursuant to Ordinance No. 27109, the City issued its
16 $51,380,000 Water System Revenue and Refunding Bonds, 2003 (the "2003
4 7 Bonds" and collectively with the outstanding 1997 Bonds and 2001 Bonds, the
48 "Outstanding Parity Bonds"), and
19
WHEREAS, pursuant to the ordinances authorizing the Outstanding
20
21 Parity Bonds, the City is authorized to issue water system revenue bonds on a
22 parity with the lien and charge on net revenue of the Water System equal to ...
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