Ordinance Summary 19-868A% kCITY OF
Federal Way
Centered on Opportunity
ORDINANCE SUMMARY
At their May 7th Regular Meeting the Federal Way City Council passed the following
ordinance:
ORDINANCE NO. 19-868
AN ORDINANCE of the City of Federal Way, Washington, relating to contracting
indebtedness; providing for the issuance, sale and delivery of one or more series
of not to exceed $15,000,000 aggregate principal amount of limited tax general
obligation bonds to provide funds to repay the City's portion of the South
Correctional Entity Facility Public Development Authority Bonds, Series 2009A and
Series 2009B (Taxable Build America Bonds — Direct Payment), and to pay the
costs of issuance of the bonds; fixing or setting parameters with respect to certain
terms and covenants of the bonds; appointing the City's designated representative
to approve the final terms of the sale of the bonds; and providing for other related
matters.
The full text of any ordinance is available by contacting the City Clerk's office at 253-835-
2540. Copies will be mailed upon request, in accordance with the City's fee schedule.
Dated: May 8, 2019
Stephanie Courtney, CIVIC, City Clerk
Published Federal Way Mirror: May 10, 2019