Resolution 1406RESOLUTION NO. 1406
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF EDMONDS,
WASHINGTON, AUTHORIZING THE EXECUTION OF AN INTERLOCAL
AGREEMENT WITH THE EDMONDS PUBLIC FACILITIES DISTRICT TO
ALLOW THE CITY TO FACILIATE THE DISTRICT'S USE OF GRANT
FUNDS BY MAKING BRIDGE LOANS TO THE DISTRICT
WHEREAS, the city council would like to enter into the attached interlocal agreement with the
Edmonds public facilities district for the reasons set forth in the attached recitals; now therefore,
THE CITY COUNCIL OF THE CITY OF EDMONDS, WASHINGTON, HEREBY
RESOLVES AS FOLLOWS:
Section 1. INTERLOCAL AGREEMENT AUTHORIZED. The city council hereby approves
and the mayor is authorized to execute the attached BRIDGE LOAN AGREEMENT by and
between THE CITY OF EDMONDS and THE EDMONDS PUBLIC FACILITIES DISTRICT
relating to the following THREE GRANTS AWARDED TO THE EDMONDS PUBLIC
FACILITIES DISTRICT: (1) $250,000 FROM SNOHOMISH COUNTY; (2) $275,000 FROM
THE STATE OF WASHINGTON; & (3) $125,000 FROM SNOHOMISH COUNTY.
RESOLVED this 271h day of March, 2018.
CITY OF EDMONDS
MA OR, DA F EARLING
ATTEST:
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CLERK, SC6Tr PASSEY
FILED WITH THE CITY CLERK: March 23, 2018
PASSED BY THE CITY COUNCIL: March 27, 2018
RESOLUTION NO. 1406