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Pursuant to Section 305, subsection (1) of 2ESSB 5987, all rules and regulations and all pending business before the board of the Snohomish Transportation Benefit District shall be continued and acted upon by the Snohomish City Council. In addition, pursuant to subsection (2) of Section 305, all existing contracts and obligations of the Snohomish Transportation Benefit District remain in full force and effect, and will be performed by the City. The assumption does not affect the validity of any official act performed by any official or employee prior to the assumption authorized in Sections 1 and 2 of this Ordinance.

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