The following is a summary of Ordinance No. 552-12 passed by the Cathlamet Town Council on July 16, 2012:
AN ORDINANCE of the Town of Cathlamet, Washington, relating to the sewer system of the Town; specifying, adopting and ordering the carrying out of a system or plan of additions to and betterments and extensions of that sewer system; declaring the estimated cost thereof as nearly as may be; authorizing the issuance of a bond anticipation note (non-revolving line of credit) in the maximum principal amount of $4,986,000 pending the issuance of a water and sewer revenue bond authorized herein; creating and adopting certain funds and accounts; specifying the terms and covenants of such note; providing for delivery thereof to Bank of the Pacific of Long Beach, Washington; and providing for other matters properly relating thereto.
The full text of Ordinance No. 552-12 will be mailed upon request made to the Town Clerk-Treasurer; 102 Main Street, Suite 203; P.O. Box 68, Cathlamet, WA 98612.