Req.#13526
O"INANCE NO.
281-46
1 AN ORDINANCE of the City of Tacoma, Washington, providing for the issuance
2 and sale of the City's Electric System Revenue and Refunding Bonds,
Series 2013, in the aggregate principal amount of not to exceed
3 $375,000,000 to provide funds to finance capital improvements and to allow
for the option of refunding or defeasing a portion of the City's outstanding
4 Electric System bonds; fixing or setting parameters with respect to certain
5 terms and covenants of the bonds, and appointing the City's designated
representative to approve the final terms of the sale of the bonds.
6
WHEREAS the City, by Ordinance No. 23514, passed on November 20,
7
8 1985 (as amended, supplemented and restated, the "Master Ordinance"),
9 authorized Electric System Revenue Bonds ("Parity Bonds") of the City to be issued
10 in series having a parity of lien and charge upon the Net Revenues (as that term is
1 1 hereinafter defined) if certain conditions are met and complied with, made
12
covenants in connection with the issuance of such Parity Bonds and authorized the
1 3
14 sale and issuance of a first series of such Parity Bonds to refund all of the City's
15 then-outstanding light and power revenue bonds, and
16 WHEREAS the City has issued and has currently outstanding the following
17 series of Parity Bonds (the "Outstanding Parity Bonds"):
18
Authorizing Bonds Principal Amount
19 Name of Bonds Ordinance Dated Issued
20 2004 Bonds 27230 June 8, 2004 82,655,000
21 2005 Bonds 27403 October 4, 2005 ...
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