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HomeMy WebLinkAbout0436 OrdinanceORDI N N A CE NO. 'AN ORDINANCE PROVIDING FOR THE I1PROVING OF THE PASCO i:IUNICIPAL WATER SYSTEi:I WITH THE ADDITION THERETO OF A FILTRATION PLANT AND THE IviAKING OF OTHER ii.1PROVEI,=FNTS AND ADDITIONS THERETO, INCLUDING PUI:;PS AND A SUPPLY LINE, BY THE ISSUANCE OF WATER UTILITY BONDS TO BEAR INTEREST NOT TO EXCEED 57� PER ANNU?'tiI PAYABLE SEIII-ANNUALLY, SAID BONDS TO BE ISSUED AND PAYABLE AT SUCH TI11IES AND PLACES AS THE CITY COUNCIL LIAY DETER1.11INE, AND TO BE PAYABLE OUT OF A SPECIAL FUND TO BE CREATED AND ESTABLISHED BY THE CITY COUNCIL, SAID FUND TO BE KNOWN AS "PASCO SPECIAL WATER REVENUE BOND FUND N0. 3', OR AT1Y ADDITIONS TO SAID FUND WHICH SHALL HEREAFTER BE CREATED AND PROVIDED BY THE CITY COUNCIL; AND PROVIDING TriAT SAID BONDS SHALL BE AMD REL1AiN A LIEN UPON THE :IUNICIPAL WATER SYSTEI:i UNTIL REDEE_: FD, AS SHALL BE PROVIDED BY THE CITY COUNCIL, SUBJECT TO THE PRIOR LIEN OF 4150,000 SPECIAL WATER REVENUE BONDS ISSUED UNDER THE AUTHORITY OF ORDINANCES NO. 345 AND NO. 346, AND SUBJECT TO THE PRIOR LIEN OF .$66,000 SPECIAL WATER REVENUE BONDS ISSUED BY THE CITY OF PASCO UNDER THE AUTHORITY OF ORDINAICES'NO. 350 AND NO. 351; SAiD BONDS TO BE ISSUED IN THE A11OUNT OF 867, 3'75; AMID PROVIDING FOR THE SUB- r:IITTING TO THE QUALIFIED ELECTORS OF THE CITY OF PASCO OF THE SAID PROPOSED BOND ISSUE FOR THEIR APPROVAL OR REJECTION; THE SAID II.I- PROVEi;iENTS TO THE SAID I: UNICIPAL WATER SYSTEI1 TO BE FINANCED IN PART BY A GRANT FRO!,'i THE FEDERAL ADMINISTRATION OF PUBLIC WORKS." The City Council Of The City Of Pasco Do Ordain As Follows: Section 1. The lv'layor and City Council of the Citir of Pasco will submit to the qualified voters of the City of Pasco for their ratification or rejection the proposition of improving the municipal water system by adding a filtration plant thereto and making other improvements and additions to the said Pasco municipal neater system, including pumps and a supply line, and paying for the same by the issuance of water utility bonds as set out in the follon.,ing sections of this ordinance, said proposition to be submitted to the qualif iedlectors 14 of the said city at a special election to be held on the day of September, 1938, pursuant to notice to be given as provided by law. Section 2. The said filtration ?dant and improvements to the said municipal water system are to be in accordance with the report and recommenda- tions of I:"essrs. Baar and Cunningham, Consulting Engineers, of Port- land, Oregon, which said report is on file -siith the City Clerk, and the City Council shall have authority to build a filtration plant of a capacity of four million gallons per day and to make the said other improvements to the said municipal water s;;rstem, together with authority to expend the proceeds of said bond issue for the purposes aforesaid. Section 3. The total estimated cost of the filtration plant and all im- provements and additions to the said Pasco municipal water system under this ordinance shall not exceed $122,500.00. The entire ex- penditure of the City, exclusive of grants, shall not exceed the sum of $67,375.00. Section 4. It is the intention of the City Council of the City of Pasco to issue and sell bonds bearing interest at a rate not to exceed 5 per cent, payable semi-annually, to be executed in such manner and payable at such times and places as the City Council may deter- mine, to pay the cost of said filtration plant and improvements and additions to the said municipal water system, but such bonds and interest thereon shall be payable only out of a special fund created by ordinance of.the_City Council of the City of Pasco and to be kno-vtrn as the "Pasco Special Water Revenue Bond Fund No. 3.11 The City mill obligate itself, by ordinance, to pay into such fund, "Pasco Special Water Revenue Bond Fund No. 311, each year out of the revenues derived from the said municipal crater system, an amount sufficient to pay the principal and interest on any and all of the said water utility bonds maturing in such year, and to continue to do so until all of the said bonds have been paid. The ponds to be issued and sold shall not exceed the sum of �02'67,375.00, and the pro- ceeds shall be used only for the providing of the said filtration plant and. the --said improvements and additions. Said bonds shall mature at such times as shall be fixed by the City Council in not more than twenty (20) years from the date of their issue and shall be serial in form and issued in accordance with the laws of the State of Washington. Said City shall retain the option to pay all or any part of said bonds in the order of their maturity on any interest - paying date five (5) years after the date of their issue. Section 5. Any and all bonds issued as herein provided, and in accordance with the laws of the State of Washington, shall be a, lien against the entire Pasco municipal'water system, subject and junior to the lien of the first bonds against said system in the sum of 150,000 issued for the purchase and construction of said system and under and by virtue of Ordinances Nos. 345 and 346 of said City, and subject and junior to the lien of the second bonds against said system in the sum of 66,000 issued for additions and improvements to the said municipal water system under Ordinances Nos. 350 and 351; and all such bonds so issued shall contain an appropriate reference to -2- d 1. e D the ordinance, to the law of the State of Washington and to the rights of the bondholders and shall define the obligation therein created. Section 6. If the proposition herein outlined shall be approved by the qualified voters of the City of Pasco, then, in that event, the City Council shall forthwith proceed to cause the necessary -prelimi- nary steps to be taken for the building of said filtration plant and the raking of said improvements and additiofts to the sand municipal water system and may expend therefor from the general fund of the City of Pasco a sum not to exceed 8 1500.00, which mount is deemed necessary for such preliminary work and iwhich amount shall be returned to the general fund of the City from the monies derived from the sale of bonds herein provided. Section 7. If the propositions herein outlined shall be adopted by the voters of the City of Pasco in the said election, the City Council shall employ an engineer who shall prepare full detailed plans and specifications covering the said filtration plant and improvements and additions to the said later system, and file the said plan and specifications in the office of the Clerk and shall include with the said plans and specifications a detailed estimate of the probable cost of said filtration plant and improvements and additions, and thereupon, the said City Council shall negotiate with the Director of Public Works of the Government of the United States for a grant in aid under the lav of the United States and the Federal Emergency Administration of Public Works, and shall offer for sale and sell the said bonds in manner provided by law and make any and all contracts necessary and proper to be made for the sale of said bonds, and the securing of said grant in aid and the construction of said filtra- tion plant and the said other improvements and additions to the said municipal water system, and make all necessary and proper arrange- ments with the officers and agents of the Government of the United States, and with others, for the construction of said filtration -3- plant and the said improvements and additions to the said municipal grater system. Section 8. The Droposition to be submitted to the qualified voters of the City of Pasco, as herein provided., shall be voted upon in the following manner: Every qualified elector desiring to vote in favor of the proposition herein outlined, to -wait That the City of Pasco build and install a filtration plant and make other improve- ments to the municipal water system as provided in this ordinance, shall do so by marking a cross opposite the first proposition, to -wit; "For the building and installing of a filtration plant and the making of other improvements and additions to the water system, and the issuance of Nater utility bonds therefor in an (.mount n exceed 86'7, 3'75.00, as provided in Ordinance No. 4.46 and every qualified elector desiring to vote against said proposi- tion shall make a cross op-oosite the second proposition, to -gait: "Against the proposal to build and install a filtration plant and make other improvements to the city water sys- tem and against the issuance "of bonds for t' e payment therefor, as provided in Ordinance No.'n Section 9. This ordinance shall tape effect five (5) days after its passage and publication. PASSED AND APPROVED THIS / A�/DAI' OF � 1938. :x �ror Attest: Ci y Clerk Approved as to form: ZZe��C�ity Attorney -a-