HomeMy WebLinkAbout0616 OrdinanceORDINANCE NO.�
AN ORDINANCE of the City of Pasco, Washington, providing for the re-
vocation and cancellation of authority to issue and
sell additional Special Fund Water Revenue Bonds for
the making of certain additions, betterments and im-
provements to the existing sewage system of the City
of Pasco.
WHEREAS the City of Pasco, Washington, by Ordinance
No. 531, passed and approved March 7, 19442 did authorize the issu-
ance and sale of water revenue bonds in the total principal sum of
$300,000.00 to provide funds for the payment of the costs of certain
additions extensions, betterments and improvements to the existing
sewage system of the City of Pasco; and $145,000.00 of said bonds
have been issued and sold prior to January 1, 1948 by authority of
the said Ordinance No. 531 and Ordinance No. 569 passed and approved
February 19, 1946, and
WHEREAS John W. Cunningham and Associates, Consulting
Engineers of Portland, Oregon, have advised the City Council that
the cost of the uncompleted portions of the plan adopted in
Ordinance No. 531 have nearly doubled since the said ordinance was
adopted; and has recommended that an overall plan for improvement of
City utilities, and the financing thereof, be developed, and,
WHEREAS since the date of passage of Ordinance No. 531
the needs and requirements of the City of Pasco have changed and
increased greatly, including, specifically, the need for a water fil-
tration plant, and,
WHEREAS, the bid of William P. Harper & Son and associ-
ates for the purchase of $200,000.00 of water revenue bonds for the
purpose of completing construction of said water filtration plant
was, in the opinion of the City Council, the lowest and best bid
for the said bonds, and was conditioned upon the cancellation of
the authorized but unissued portion of $$300,000.00 Special Fund
Water Sewage Revenue Bonds, and
WHEREAS, Graves, Kizer & Graves, special counsel for
the City of Pasco, have advised the City Council that, in their
opinion, the present or future issuance and sale of the bonds
-1-
authorized by the provisions of Ordinance No. 531 but presently un-
issued and unsold would be of questionable legality, this opinion
being based upon the facts set forth hereinbefore and the decisions
of*the Supreme Court of the State of Washington, now therefore,
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF PASCO:
Section 1. All authority for the issuance and sale of
water revenue bonds for the payment of costs of additions, extensions,
betterments and improvements to the existing sewage system of the
City of Pasco heretofore duly given and approved by Ordinance No. 531
passed and approved March 7, 1944, is herewith cancelled and revoked
absolutely as to all said bonds remaining unissued or unsold on
February 1, 1948; the said unissued bonds shall not henceforth con-
stitute a charge or lien, actual or contingent, against the revenues
of the Pasco water system.
PASSED by the Council of the City of Pasco, and approved
by its Mayor this day of �� , 1948.
CITY OF PASCO, WASHINGTON
By -- -
Mayor
Attest:)V, 62",
City Ulerk
Ordinance Introduced:ZZA"tl:5,�1948
Ordinance Given its First Readin S' , 1948
Ordinance Given its Second Reading: S, 1948
Ordinance Given its Third Reading: 1 , 1948
Ordinance Passed by City Council ,O
and Approved by Mayor: XG,1,+. 72dC1948
The foregoing Ordinance approved as to form before pa sage:
City Attorney, 1948