Res 99-293
RESOLUTION NO. '1'1-"1"\
A Ri:~SOLUTION OF TilE CITY COUNCIL OF THE CITY OF
FEDERAL WAY, WASHINGTON, AUTHORIZING THE
ACQUISITION OF EQUIPMENT AND A FINANCING CONTRACT
AND RELATED DOCUMENTATION FOR SAID EQUIPMENT.
"Local Agency") acquire one ten yard dump truck and one site boom mower ("Property") ; and
WHEREAS, it is deemed necessary and advisable that the City of Federal Way (the
Property in accordance with all applicable purchasing statutes and regulations; and
WHEREAS, the Local Agency has undertaken or will undertake to acquire the
Treasurer, in the form attached hereto as Annex I, for the financing of the Property under the
WHEREAS. the Local Agency has executed a Notice of Intent to the Office of State
provisions of RCW Ch. 39.94; and
Contract with the Office of the State Treasurer, in the form attached hereto as Annex 2, as the
WHEREAS, the Local Agency desires to enter into a Local Government Financing
method of payment for the Property; and
WHEREAS, Kenneth E. Nyberg, is the duly appointed City Manager of the Local
Agency (" Authorized Representative"); and
NOW THEREFORE, THE CITY COUNCIL OF THE CITY OF FEDERAL WAY
HEREBY RESOLVES AS FOLLOWS:
Section I Acquisition of Property. The Federal Way City Council of the Local
Agency hereby authorizes the acquisition of the Property and hereby empowers the Authorized
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Representative to execute the Local Government Financing Contract for the Property. The form
of the Local Government Financing Contract is hereby approved and authorized to be executed
and delivered to finance the acquisition of the Property.
The Authorized Representative is hereby further authorized to execute and deliver
to the Office of State Treasurer all other documentation in connection with the financing of the
Property, including, but not limited to agreements relating to initial and ongoing disclosure in
connection with the offering of securities related to the Local Government Financing Contract.
Section 2 Severahility. If any section, sentence, clause or phrase of this resolution
should be held to be invalid or unconstitutional by a court of competent jurisdiction, such
invalidity or unconstitutionality shall not affect the validity or constitutionality of any other
section, sentence, clause or phrase of this resolution.
Section 3
Ratification. Any act consistent with the authority and prior to the
effective date of the resolution is hereby ratified and affirmed.
Section 4
Effective Date. This resolution shall be effective immediately upon
passage by the Federal Way City Council.
RESOLVED BY THE CITY COUNCIL OF THE CITY OF FEDERAL WAY,
WASHINGTON, this ~ day of
April
, 19~.
CITY OF FEDERAL WAY
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Res. # 99-29,3Page 2
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CIT CLERK, N. CHRISTINE GREEN, CMC
APPROVED AS TO FORM:
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CI A- ORNEY, LONDI K. LINDELL
FILED WITH THE CITY CLERK: 4/5/99
PASSED BY THE CITY COUNCIL: 4/6/99
RESOLUTION NO. 99-293
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Res. #99-293 Page 3