Ordinance Summary 14-007 SUMMARY OF ORDINANCE NO. 14-007 FOR PUBLICATION
CITY OF SPOKANE VALLEY
SPOKANE COUNTY, WASHINGTON
$7,900,000 LIMITED TAX GENERAL OBLIGATION REFUNDING BONDS,2014
The title of Ordinance No. 14-007, enacted by the City Council of the City of Spokane
Valley, Washington, on July 15, 2014, is as follows:
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF
SPOKANE VALLEY, OF SPOKANE COUNTY, WASHINGTON,
AUTHORIZING THE SALE, ISSUANCE AND DELIVERY OF NOT TO
EXCEED $7,900,000 AGGREGATE PRINCIPAL AMOUNT OF ITS
CITY OF SPOKANE VALLEY, WASHINGTON, LIMITED TAX
GENERAL OBLIGATION REFUNDING BONDS, 2014, TO
CURRENTLY REFUND ALL OR A PORTION OF THE CITY'S
LIMITED TAX GENERAL OBLIGATION BONDS, 2003; PROVIDING
FOR PAYMENT OF THE PRINCIPAL AND INTEREST ON THE
BONDS BY ANNUAL LEVIES OF TAXES; FIXING THE DATE, FORM,
CERTAIN TERMS AND COVENANTS OF SUCH 2014 BONDS;
DELEGATING TO THE AUTHORIZED REPRESENTATIVE OF THE
CITY THE AUTHORITY TO ESTABLISH CERTAIN TERMS OF THE
BONDS WITHIN THE PARAMETERS OF THIS ORDINANCE;
ADOPTING A REFUNDING PLAN; AUTHORIZING THE EXECUTION
OF AN ESCROW AGREEMENT; AUTHORIZING THE PURCHASE
OF CERTAIN GOVERNMENT OBLIGATIONS; PROVIDING FOR
THE CALL, PAYMENT AND REDEMPTION OF THE REFUNDED
BONDS; PROVIDING FOR THE REGISTRATION AND
AUTHENTICATION OF THE BONDS; DESIGNATING A BOND
REGISTRAR; CREATING AND ADOPTING CERTAIN FUNDS AND
ACCOUNTS AND PROVIDING FOR DEPOSITS THEREIN;
COVENANTING TO COMPLY WITH CERTAIN FEDERAL TAX AND
SECURITIES LAWS; AND PROVIDING FOR OTHER MATTERS
PROPERLY RELATING THERETO.
A copy of the entire Ordinance is on file with the City Clerk and available for
review during normal office hours.
CITY OF SPOKANE VALLEY,
Spokan County Washington
( 3-klt". ;frCil
:p� flAVCle Christine Bainbridge,
`5! SEAL` f
m; Spokane Valley City Clerk
• INCORPORATED Published: July 25, 2014
( SEAL ) Oil
�-
March 31,2003,``
SUPERIOR COURT of WASHINGTON for SPOKANE COUNTY
In the Matter of AFFIDAVIT of PUBLICATION
SUMMARY OF ORDINANCE NO. 14-007
City of Spokane Valley NO.
$7,900,000 Limited Tax General Obligation Refunding
Bonds, 2014 LEGAL NOTICE
STATE of WASHINGTON
County of Spokane
MICHAEL HUFFMAN being first duly sworn on oath deposes and says that he is the EDITOR of the Spokane Valley News
Herald,a weekly newspaper.That said newspaper is a legal newspaper and it is now and has been for more than six months prior
to the date of publication hereinafter referred to,published in the English language continually as a weekly newspaper in Spokane
County, Washington, and it is now and during all of said lime was printed in an office maintained at the aforesaid place of
publication of said newspaper, which said newspaper had been approved as a legal newspaper by order of the Superior Court of
the State of Washington in and for Spokane County. That the following is a true copy of a Legal Notice as it was published in
regular issues commencing on the 25th clay of July,2014,and ending on the 25th day of July,2014 ail dates inclusive,and that
such newspaper was regularly distributed to its subscribers during all of said period:
SUMMARY OF ORDINANCE NO.14-007
FOR PUBLICATION
CITY OF SPOKANE VALLEY
SPOKANE COUNTY,WASHINGTON
$7,900,000 LIMITED TAX GENERAL
OBLIGATION REFUNDING BONDS,
The title of Ordinance20lNo.14-007,enacted 4
B A.d
:ED and b'Vq t to before me
by the City Council of the City of Spokane this 5th day of July,//014
Valley,Washington,on July 15,2014,Is
as follows: State of Washington
AN ORDINANCE OFTHE CITY COUNCIL
OF THE CITY OF SPOKANE VALLEY, C�S I i' County of Spokane
OF SPOKANE COUNTY,WASHINGTON, "` 1' a
AUTHORIZING THE SALE,ISSUANCE et;y N:. VES CP
AND DELIVERY OF NOT TO EXCEED I> 'e
i
$7,900,000 AGGREGATE PRINCIPAL ' -.0'`i-4';°� 't, I certify that I know or have satisfactory evidence that
AMOUNT OF ITS CITY OF SPOKANE -sd, 0,0 �r5'°�o
VALLEY,WASHINGTON,LIMITED TAX ^; G� Michael Huffinan is the person who appeared before me,
GENERAL OBLIGATION REFUNDING '• „'�� � re ' - r and said person acknowledged that he signed this
BONDS,2014,TO CURRENTLY REFUND f ";`: s (.3
I ALL OR A PORTION OF THE CITY'S ! - ` + instrument and acknowledged it to be his free and
LIMITED TAX GENERAL OBLIGATION y g
BONDS,2003;PROVIDING FOR PAY- ' o voluntary act for the uses and purposes mentioned in the
MENT OF THE PRINCIPAL AND INTER- ./ �� a•=,
EST ON THE BONDS BY ANNUAL LEV• atr Lys „" instrument,
IES OF TAXES;FIXING THEDATE,FORM,
CERTAIN TERMS AND CONVENANTS
' OF SUCH 2014 BONDS;DELEGATING t ? `acooeo`•"A
TO THE AUTHORIZED REPRESENTA- °4 4•�.•,;••
TIVE OF THE CITY THE AUTHORITY TO "J' �-'
BONDS WITHIN THE PARAMETERS OF ryESTABLISH CERTAIN TERMS OF THEr� r�j i] {� �1®�4ry' JuleBae�V ntz
THISORMNANCE;ADOPTINGAREFUND Title:Notary Public
ING PLAN;AUTHORIZING THE EXECU- • My appointment expires:5-16-15
TION OF AN ESCROW AGREEMENT;
AUTHORIZING IVG NE PURCHASE OF C;2_ C
CERTAIN GOVERNMENT OBLIGATIONS;
PROVIDINGFOR BONDS; PROVIDING
FORME REGISTRATION AND AUTHEN-
TICATION OF THE BONDS;DESIGNAT-
ING A BONO REGISTRAR;CREATING
AND ADOPTING CERTAIN FUNDS AND
ACCOUNTS AND PROVIDING FOR DE-
POSITS THEREIN;CONVENANTING TO
COMPLY WITH CERTAIN FEDERAL TAX
AND SECURITIES LAWS;AND PROVID-
ING FOR OTHER MATTERS PROPERLY
RELATING THERETO.
A copy of the entire Ordinance Is on file
with the City Clerk and available for review
during normal otrice hours.
City of Spokane Valley,
Spokane County Washington
!s/Christine Bainbridge
Christine Bainbridge,
Spokane Valley City Clerk
Published:July 25,2014