HomeMy WebLinkAboutres1980-0464r_ .
RESOLUTION NO. 80 -46
A RESOLUTION of the Council of Whatcom County,
Washington, retaining bond counsel for certain
services in connection with the authorization,
issuance, sale, printing and delivery of certain
road improvement district bonds of the County.
WHEREAS, it is deemed necessary and in the best interest of
Whatcom County and its inhabitants that the County have prepared
and consider the ordinances and other documents necessary for the
issuance of certain road improvement district bonds; and
WHEREAS, it is further deemed necessary that nationally
recognized attorneys experienced in municipal .finance be retained
as bond counsel to participate with the Whatcom County Prosecuting
Attorney in drafting the ordinances and other documents necessary
for the authorization, issuance, sale, printing and delivery of
such bonds, and to give their opinion as to the validity and tax_,
exempt status of such bonds at the time of their sale.
NOW, THEREFORE, HE IT RESOLVED by the Council of Whatcom
County:
1. Preston, Thorgrimson, Ellis & Holman, attorneys at law
in Seattle, Washington, are hereby employed by the County as bond
counsel to participate with the Whatcom County'Prosecuting Attorney
in drafting the ordinances, notices and other documents required
by the County for the authorization, issuance, sale, printing and
delivery of its road improvement district bonds to be issued in
connection with Road Improvement District No. 4.
2. The legal services to be rendered by bond counsel will
.include participation in the drafting of all ordinances, notices
and other documents required for the authorization, issuance,
sale, printing and delivery of the bonds, attendance at the
delivery of the bonds, and furnishing their opinion as t6 the
validity and tax. exempt status of such bonds at the'time of their
delivery.
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3. Whatcom County shall pay such bond counsel, as compen-
sation for the services described in Section 2, the sum of $1,000.
4. In addition to such fee, the County shall pay -to bond
counsel actual out -of- pocket expenses incurred in the rendering
of such services other than office overhead.
5. The County shall furnish bond counsel at their office
in Seattle, Washington, with the documents necessary for a complete
certified transcript of all proceedings taken in the formation of
Road Improvement District No. 4, the levying of assessments
therein and in the issuance of the bonds.
ADOPTED this 7th day of August, 1980.
WHATCOM COUNTY COUNCIL
WHATCOM COUNTY, WASHINGTON
By t1
hair an
ATTEST:
hatcom unty Auditor -& Ex- officio
Clerk of the Council
We hereby accept, employment as bond counsel in accordance
with the provisions of the foregoing resolution.
PRESTON, THORGRIMSON,
ELLIS & HOLMAN
APPROV
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vM Dep%ty Pf, ecutor
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Partner
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The foregoing contract of employment is hereby approved this
11th day of August, 1980.
Presiding, Judge J. S. Kurt7.
Judge Byron L.�Swedberg
Judges for the Superior Court
of the State of Washington
in and for Whatcom County