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<br />1-6, , <br />I (J"!,: .' I() l, /,' ¡' /i\ 8'" <br />_..l~ . ....¡" ~¡..... "J <br />'/ ¡,; ,71,/' " <br />IX - I;J - -/ <br /> <br />cc <br /> <br />I ' <br /> <br />RESOLUTION NO. 11-84 <br /> <br />A RESOLUTION of the Board of Commissioners <br />of Jefferson County approving the <br />issuance of revenue bonds of the <br />Industrial Development Corporation of <br />the Port of Port Townsend, Washington <br />pursuant to RCW 39.84.060. <br /> <br />WHEREAS, the Legislature of the State of Washington has <br /> <br />provided for the creation of public corporations by <br /> <br />municipalities, including port districts, pursuant to Chapter <br />300, Laws of Washington, 1981 (Reg.Sess.) codified as Chapter <br />39.84 RCW, as amended (the " Act") , for the purpose of <br /> <br />facilitating economic development and employment opportunities in <br /> <br />the State of Washington; and <br /> <br />WHEREAS, pursuant to the Act, the Port Commission of the <br /> <br />Port of Port Townsend has by resolution created and approved the <br /> <br />charter of a public corporation designated as "The Industrial <br /> <br />Development Corporation of the Port of Port Townsend" (herein the <br /> <br />"Development Corporation") in order to carry out the purposes of <br /> <br />the Act; and <br /> <br />WHEREAS, the Development Corporation has received an <br /> <br />application from the Port Townsend Paper Corporation (the <br /> <br />"Borrower") for the financing of the acquisition, construction <br /> <br />and installation of pulp mill processing equipment hereinafter <br /> <br />described to be installed at the existing Crown Zellerbach pulp <br /> <br />and paper mill within the boundaries of the County (the "Project <br /> <br />Facilities"); and <br /> <br />WHEREAS, the Development Corporation reviewed the <br /> <br />application of the Borrower and determined that the Project <br /> <br />Facilities qualify as "industrial development facilities" within <br /> <br />the meaning of the Act and approved the issuance of its <br /> <br />nonrecourse revenue bonds to finance all or a portion of the <br /> <br />VOL <br /> <br />10 fAC~ n- 351 <br />