HomeMy WebLinkAbout1043CITY OF KENT, WASHINGTON
RESOLUTION NO. /o'f.E,
A RESOLUTION of the City Council of the City of
Kent, Washington, approving the proposal of the City
of Kent Economic Development Corporation to finance
certain industrial development facilities to be
located in the City of Kent.
WHEREAS, the City of Kent Economic Development Corporation
has proposed pursuant to its Resolution No. 1984-9, a copy of
which is attached hereto as Exhibit A, to issue nonrecourse
industrial development revenue bonds to finance the cost of
acquiring and constructing certain industrial development
facilities (the "Project") for Associated Grocers, Incorporated,
located in the City of Kent, Washington (the "City•); and
WHEREAS, Chapter 300 of the Laws of 1981 of the State of
Washington (Chapter 39.84 RCW) requires that such a proposal to
issue nonrecourse industrial development revenue bonds be
approved by the City inasmuch as the City exercises planning
jurisdiction over the area in which the Project is located; and
WHEREAS, the City Council of the City finds that all City
planning requirements for the Project have been or reasonably
may be expected to be satisfied and that the financing of the
Project should be approved under RCW 39.84.060; NOW, THEREFORE,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF KENT,
WASHINGTON, that the financing of the Project as proposed by the
City of Kent Economic Development Corporation in its Resolution
No. 1984-9 is hereby approved.
The foregoing resolution was adopted by the City Council of
the City of Kent, Washington, and approved by the Mayor, at a
regular open public meeting this 17thday of December, 1984.
ATTEST:
FORM APPROVED:
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