Req.#12642
O"INANCE NO. 2 7 9 0 2
1 AN ORDINANCE relating to the water system of the City of Tacoma, providing
2 for the sale and issuance of water system revenue bonds in the
aggregate principal amount of not to exceed $120,000,000 to provide
3 funds to finance or refinance costs of capital improvements to the water
4 system and to refund or defease a portion of the Water System Revenue
Bonds, 2001, and specifying the terms and covenants of the bonds.
5 WHEREAS the City of Tacoma (the "City") owns and operates a water
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system (the "Water System") financed through the issuance of water revenue
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bonds,and
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9 WHEREAS, pursuant to Ordinance No. 26849, the City issued its
10 $32,900,000 Water System Revenue Bonds, 2001 (the "2001 Bonds"), and
1 1 WHEREAS, pursuant to Ordinance No. 27109, the City issued its
12 $51,380,000 Water System Revenue and Refunding Bonds, 2003 (the "2003
1 3Bonds"), and
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WHEREAS, pursuant to Ordinance No. 27405, the City issued its
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16 $46,550,000 Water System Revenue and Refunding Bonds, 2005 (the "2005
1 7Bonds"); and
18 WHEREAS, pursuant to Ordinance No. 27837, the City issued its
19 $76,775,000 Water System Revenue Bonds, 2009 (Taxable Build America
20 Bonds - Direct Payment) (the "2009 Bonds", and collectively with the
21 outstanding 2001 Bonds, 2003 Bonds, 2005 Bonds and 2009 Bonds, the
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"Outstanding Parity Bonds"), and
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24 WHEREAS, pursuant to the ordinance...
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