HomeMy WebLinkAbout0610 OrdinanceORDINANCE NO.
AN ORDINANCE PROVIDING FOR THE ISSUANCE AND SALE OF WATER REVENUE
BONDS IN THE TOTAL PRINCIPAL SUM OF $200,000.00 TO PROVIDE FUNDS
FOR THE PAYMENT OF THE COSTS OF CERTAIN IMPROVEMENTS, ADDITIONS
AND BETTERMENTS TO THE EXISTING WATER SYSTEM OF THE CITY OF PASCO,
NAMELY, THE ACQUISITION, CONSTRUCTION AND INSTALLATION OF A WATER
FILTRATION PLANT AND FACILITIES AS PROVIDED IN ORDINANCE NO. 579,
PASSED AND ADOPTED SEPTEMBER 17, 1946, ADOPTING A PLAN THEREFOR
AND DECLARING THE ESTIMATED COSTS THEREOF AS NEAR AS MAY BE DETER-
MINED, THE EXACT FORM, DATE OF MATURITIES AND OTHER DETAILS OF
THESE REVENUE BONDS TO BE HEREAFTER FIXED BY THE CITY COUNCIL;
PROVIDING FOR THE EVENTUAL CREATION AND ESTABLISHMENT OF A SPECIAL
FUND TO PAY THE PRINCIPAL AND INTEREST OF SUCH BONDS.
WHEREAS, it is immediately vital to the health of the
inhabitants of the City of Pasco that the municipal water supply
of said City be purified by filtration and other treatment; and
WHEREAS, the City Council, City of Pasco, Washington, by
Ordinance No. 3412 passed and approved May lst, 1923, authorized
the acquisition, improvement and extension of a municipal water
system, which ordinance was submitted to the qualified voters of
the City of Pasco for their approval and ratification or rejec-
tion at an election held on June 2nd, 1923, and,
WHEREAS, at the said election of June 2, 1923, held pursu-
ant to Ordinance No. 341,, the qualified voters of the City of
Pasco voted in favor of acquiring, constructing and maintaining
a water system for the City of Pasco, and, in accordance therewith,
the City did acquire a water system previously owned and operated
by the Pacific Power and Light Co., and,
WHEREAS, by Ordinance No. 579 passed by the City Council
on September 17, 1946, a plan for making certain additions, im-
provements and betterments to the existing water system of the
City was adopted, which plan provided for the construction of a
municipal water filtration plant and facilities, and a general
obligation bond issue of $132,000.00 for the capital purpose of
paying so much of the cost to the City of Pasco of this project;
and the proposed project and bond issue were approved, ratified
and authorized at a special municipal election held on November
5, 1946; -Ordinance No. 582"p assed by the City Council on December
17, 1946, and Ordinance No. 589 passed by City Council on March
14, 1947, fixed the date, the annual maturity and the form of
said bonds and provided for their advertisement, sale and issu-
ance; and,
WHEREAS, the sum of $58,372.26 has been allocated to the
City of Pasco by the State of Washington for aid to the foregoing
proposed project; and,
WHEREAS, J. W. Cunningham and Associates, Consulting
Engineers of Portland, Oregon, have now provided the City Council
with further information and advice on the probable total cost of
the foregoing project,
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PASCO DO
ORDAIN AS FOLLOWS:
Section 1. The City of Pasco hereby specifies and adopts
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the plan for making certain additions and betterments to the
existing municipal water works system, namely, the acquisition,
construction and installation of a municipal water filtration
plant and facilities which shall consist of the following as
additions to, and connected with, the municipally owned water
system of Pasco«
A water filtration plant for the treatment and purification
of the Columbia River water, consisting of mixing, settling and
storage basins, filters, accessories and piping, pumps, controls,
and a building to house the same. The plant will be located on
property now owned -by the City of Pasco in Blocks 6 and 10,
Riverside Addition, in the City of Pasco.
The water filtration plant will include the necessary struc-
tures, chemical dosing equipment, mixing machines, flocculator,
filters, collecting pipes, auxiliary equipment for washing and
mechanical control, equipment for applying chlorine and ammonia,
a clear water well, and high service pumps to deliver the filtered
water into the existing distribution system, all of which will
provide for removal of most of the sediment and impurities of raw
water by chemical dosing, mixing, flocculation, coagulation and
settling, for filtration of the water and for application of chlor-
ine and ammonia to remove all possible chance for contamination,
for storage of the water in a clear water well (covered reservoir)
until delivered to the existing distribution system, and for
pumping the water from the clear water well into the existing dis-
tribution system,
The water filtration plant will have a capacity of approx-
imately six million gallons per day, and will be of such design
as to permit, with additional filters, future increase of capa-
City.
The existing pumping plant will be modified and adapted in
structure and equipment as necessary to provide for pumping raw
water from the Columbia River against a low head to the water fil-
tration plant located in said Riverside Addition and, if practi-
cable, to permit the transfer -of one or more of the high head
.pumps from the existing pumping plant to the filtration plant for
use in high service pumping of filtered water from the clear water'
well of the filtration plant into the existing distribution system.
Pipe lines will be laid to connect the filtration plant
with existing pipe lines so that raw water from the existing
18 inch trunk lines can be carried to the filtration plant and
so that filtered water can be delivered from the clear water
well of the filtration plant to the existing distribution system.
Said connections will be made at points near to the intersection
of 12th (Chelan) Street and West "B"' Street in said city, said
intersection being adjacent,to said property owned by the City
of Pasco and on which the filtration plant will be constructed;
and in order to pay so much of the cost to the City of Pasco of
the foregoing plan, which is for, and shall include, capital
purposes only, the City of Pasco shall sell and issue its gen-
eral obligation negotiable serial coupon bonds in the principal
amount of $132,000.00 and provide for the payment of the bond
principal and interest by approximately equal annual tax levies
in excess of the tax levy limitation upon Washington cities ex-
press"Te in the Statute and Constitution of the State of Washington.
Section 2. The revised estimated cost of all the addi-
tions, improvements,and betterments hereinbefore in this order
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specified, is hereby found and declared to be, as near as may be
determined, approximately the sum of $390,372.26.
Section 3. In order to carry out'the plan specified and
adopted in Section 1 of this Ordinance, the City of Pasco does
hereby propose and -adopt as an integral part of the described
plan for additions, improvements and betterments to its existing
water system, the issuance and sale of water revenue bonds in an
amount not exceeding $200,000.00, this being the balance of funds
necessary to complete the project authorized and commenced under
the authority of Ordinance No. 579 and specifically described and
adopted in Section 1 hereof. Said bonds shall be serial bonds,
all of which shall mature within twenty (20) years from date,
which said bonds shall bear the dates of their issue and shall
be issued in such amounts and at such time or times, or from time
to time, and in such place or places, as the City Council may by
resolution direct. The bond of each separate series or install-
ment authorized from time to time shall be numbered from one (1)
up, consecutively and shall mature not less than two (2) years
from date of issuance on any semi-annual interest date. Said
bonds shall bear interest not exceeding six percent (6f) per
annum, payable semi-annually for which interest coupons ' shall be
attached to and be a part of said bonds, the exact form, date of
maturities and other details of the bonds, not herein specified,
shall be hereafter fixed by ordinance. The bonds shall be paid
from the revenues of the municipal water system of said city.
Section 4. The City of Pasco reserves the right to redeem
all or -any part of the last series of bonds 0 the total princi-
pal amount of $25,000.00 on any interest payment date on or
after one year from the date of issue, and further reserves the
right to redeem ahy other bonds on any interest payment date on
or after seven years from the date of issue, redemption of any
or all bonds under the provisions of this section shall be at
par and accrued interest in inverse numerical order. Thirty
days notice of any intended redemption shall be given by publi-
cation thereof in a newspaper of general circulation in the
City of Pasco. Interest on any bonds so called for redemption
shall cease on such redemption date.
Section 5. There shall be created and established a special
fund, in accordance -with the requirements of the statutes of the
State of Washington, to be called the "Pasco Water Revenue Bond
Fund of 1948"', which fund is to be drawn upon for the sole pur-
pose of paying the interest, or principal and interest, of the
bonds. From and after the date of the bonds, and so long there-
after as obligations are outstanding against such fund, the City
Treasurer shall set aside and pay into the fund, thirty (30)
days prior to the respective dates on which interest, or princi-
pal and interest, of said bonds shall become due and payable,
certain fixed amounts out of the gross revenues of said munici-
pal water works system now belonging to, or which may hereafter
belong to, said City, including the additions, betterments and
extensions herein provided for, equivalent to the respective
amounts of interest, or principal and interest, as the case may
be, so falling due upon any and all bonds issued hereunder and
then outstanding.
Section 6, The City of Pasco hereby binds itself not to
sell, lease, or in any manner dispose of the municipal waterworks
system now belonging to it, or which may hereafter belong to it,
including the additions, betterments and extensions herein pro-
vided for, until all obligations outstanding against, or payable
from, said special fund hereby created shall have been paid in
full; or, in case it shall sell or dispose of the same before
such payment, not to make any such sale or disposition without
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then or theretofore providing that from the proceeds of such sale
or disposition, after the payment of all prior charges, there
shall be placed in such special fund a sum sufficient in amount
to discharge, and to be used for no other purpose than -the dis-
charge of, principal and interest of all bonds issued hereunder
and then remaining unpaid, and not, in any event, to sell or dis-
pose of sucks municipal waterworks system, or any substantial part
thereof, for a sum less than enough to discharge and pay the bonds
herein authorized, and the interest thereon.
The City of Pasco further binds itself to establish from time
to time and maintain such rates for water as will provide suffic-
ient revenues to permit the payment of said sums into such special
fund which said City has pledged to be set aside fbr the payment of
principal and interest, as herein provided, to be applied to the
payment of the principal and interest of the bonds herein author-
ized, until such bonds shall have been paid in full, and, in addi-
tion thereto, all costs of operation and maintenance, and all
bonds, warrants and indebtedness for which any revenues of such
system have heretofore been pledged.
Section 7. The ordinance providing for the issuance and
sale of said bonds shall contain such covenants and provisions
as shall be permitted by law and found necessary or convenient
for the protection of the holder of such bonds.
Section B. The City of Pasco shall forthwith proceed to
sell the water revenue bonds herein provided for at public sale
and the Clerk is directed to dive .notice of such sale by pub-
lication thereof in the 7i eII f�� r-
and that copies of such notice )be published in financialjournals
of general circulation as may be and are customarily studied and
read by prospective buyers of municipal bond issues„ each of the
aforesaid publications shall be at least fourteen (�4) days prior
to the date of sale; all bids t eref r shall be opened and pub-
licly read at 2:30 P.M. on the 8 day of1948,
inmediatel
Sect�.on: 9. This ordinance shall take effect 9' upon
its passage, approval and publication as required :by law.
ayor. .
ATTEST:
i y
Ordinance Introduced: Dec Zrbe16, 1947
Ordinance Given its First Reading: December 169 1947
Ordinance Given its Second Reading: JanuarykV.1 1948
Ordinance Given its Third Reading: January4y , 1948
Ordinance Passed by City CoyLncil
and Approved by Mayor: 1948
The foregoing Ordinance approved s to form before passage:
City Attorney, -
1948,