City Council

SEATTLE CITY COUNCIL 600 Fourth Ave. 2nd Floor Seattle, WA 98104 Journal of the Proceedings of the Seattle City Council Wednesday, May 6, 2015 1:30 PM Special Meeting Council Chamber, City Hall 600 Fourth Avenue Seattle, WA 98104 Full Council Tim Burgess, Council President Sally Bagshaw Jean Godden Bruce Harrell Nick Licata Mike O'Brien John Okamoto Tom Rasmussen Kshama Sawant Chair Info: 206-684-8806; tim.burgess@seattle.gov Full Council Meeting Minutes May 6, 2015 A. CALL TO ORDER The City Council of The City of Seattle met in Special Session in the Council Chamber of City Hall in Seattle, Washington, on May 6, 2015, pursuant to the provisions of the City Charter. The meeting was called to order at 1:44 p.m., with Council President Burgess presiding. B. ROLL CALL Present: 9 - Bagshaw, Burgess, Godden, Harrell, Licata, O'Brien, Okamoto, Rasmussen, Sawant C. APPROVAL OF THE AGENDA Motion was made, duly seconded and carried, to adopt the Agenda. D. FULL COUNCIL REPORT/FINAL VOTE ON LEGISLATION The agenda items were considered out of order. 2. Res 31581 A RESOLUTION relating to contracting indebtedness; providing for the issuance and sale of The City of Seattle, Washington, Unlimited Tax General Obligation Improvement Bonds, 2015; specifying the amounts, maturities, interest rates and other terms of the bonds; providing for the payment of all or part of the costs related to the design, construction, renovation, improvement and replacement of the seawall and associated public infrastructure, and the payment of the costs of issuance and sale of the bonds; and ratifying, confirming and approving the notice of bond sale and the actions of the Director of Finance relating to the sale of the bonds. Motion was made and duly seconded to adopt Resolution 31581. By unanimous consent, the Council Rules were suspended to allow Michael Van Dyck to address the Council. The Motion carried, the Resolution (Res) was adopted by the following vote, and the President signed the Resolution: In Favor: 9 - Bagshaw, Burgess, Godden, Harrell, Licata, O'Brien, Okamoto, Rasmussen, Sawant Opposed: None Page 1 Full Council Meeting Minutes May 6, 2015 1. Res 31580 A RESOLUTION relating to contracting indebtedness; confirming, ratifying and approving certain terms of the issuance and sale of The City of Seattle, Washington, Limited Tax General Obligation Improvement and Refunding Bonds, 2015A and Limited Tax General Obligation Improvement Bonds, 2015B (Taxable) for the purposes set forth in Ordinance 124637 and in Ordinance 121651 (as amended by Ordinance 122286 and amended and restated by Ordinance 124343); confirming, ratifying and approving actions taken and to be taken to provide for the refunding of certain outstanding general obligation bonds of the City; confirming, ratifying and approving the notice of bond sale and other actions taken in connection with the issuance of the bonds and their sale to the purchaser; and ratifying and confirming the actions of the Director of Finance and other City officials relating to the issuance and sale of the bonds. Motion was made and duly seconded to adopt Resolution 31580. The Motion carried, the Resolution (Res) was adopted by the following vote, and the President signed the Resolution: In Favor: 9 - Bagshaw, Burgess, Godden, Harrell, Licata, O'Brien, Okamoto, Rasmussen, Sawant Opposed: None E. ADJOURNMENT There being no further business to come before the Council, the meeting was adjourned at 2:00 p.m. Page 2 Full Council Meeting Minutes May 6, 2015 ___________________________________ Jodee Schwinn, Deputy City Clerk Signed by me in Open Session, upon approval of the Council, on May 11, 2015. __________________________________ Tim Burgess, President of the City Council ___________________________________ Monica Martinez Simmons, City Clerk Page 3