AN ORDINANCE relating to the electric system of The City of Seattle; adopting a system or plan of additions and betterments to and extensions of the existing municipal light and electric power generation, transmission, and distribution system of the City; authorizing the issuance and sale of municipal light and power revenue bonds for the purposes of providing funds to pay part of the cost of carrying out that system or plan, providing for the reserve fund requirement (if any), and paying the costs of issuance of the bonds; providing parameters for the bond sale terms including conditions, covenants, and other sale terms; describing the lien of the bonds and authorizing their issuance as either senior lien parity bonds or junior lien bonds; and ratifying and confirming certain prior acts.
Agenda Item 20 Council Bill 120196 An ordinance relating to the electric system of the City of Seattle. Adopting a system or plan of additions and betterment to and extensions of the existing municipal light and electric power generation transmission and distribution system of the city. Thank you, Madam Clerk. I move to pass Council Bill 1 to 0 196. Agenda item 20. Is there a second? I can. Thank you so much. It's been moved and seconded to pass the bill. Are there any comments on a council bill? 1 to 0 196. Agenda Item 20. Any comments on agenda item 20 see no hands raised will occur. Please call the role on the passage of Council Bill 1 to 0 196. Agenda item 22. Want. Yes. Strauss. Yes. Herbold. Thank you. Whereas I. Lewis Yes. Morales Yes. Musgrave, i. Peterson. I. Council President Gonzales. I. Nine in favor and oppose. Thank you so much. Council Bill 120196 Agenda item 20 passes and the chair will sign it. Will it please affix my signature to the legislation on my behalf? The clerk please read the short title of item 21 into the record. Agenda Item 21 Council Bill 120197. An ordinance relating to the drainage and wastewater system of the city of Seattle recommends the bill passed with council members Macheda Herbold, Gonzalez, Suarez, Lewis Morales and Strauss in favor and Councilmember Peterson abstaining.