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Council approves ILA amendment for Poulsbo Events & Recreation Center bond terms
Summary
Council approved Interlocal Agreement Amendment No. 2 to incorporate finalized bond terms and a 20-year payment schedule for the Poulsbo Events & Recreation Center; the ILA had already been signed by the Kitsap Public Facility District.
The council approved an interlocal agreement amendment (ILA No. 2) updating bond terms and the payment schedule for the Poulsbo Events & Recreation Center (PERC).
City Engineer Josh Raines told council that the ILA simply reflects finalized bond terms and a payment schedule for the next 20 years; the Kitsap Public Facility District had already executed the amendment. Council voted to authorize the mayor to sign the amendment on the city's behalf.
No substantive debate or alternative motions were recorded; Councilmember Rick Eckert moved the motion and the roll call vote was unanimous in favor.
