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Home My WebLink About2151 OrdinanceCITY OF PASCO, WASHINGTON ORDINANCE NO. 2151 AN ORDINANCE amending Ordinance No. 2150 passed and approved April 21, 1980, establishing Con- solidated Local Improvement District No. 103/104 and "Consolidated Local Improvement Fund, District No. 103/104;" fixing the amount, form, date, interest rate, maturity and denominations of the Consolidated Local Improvement District No. 103/104 Bonds; and confirming the sale and directing the issuance and delivery thereof to Foster & Marshall Inc., Seattle, Wasnington. THE CITY COUNCIL OF THE CITY OF PASCO, WASHINGTON, DO ORDAIN as follows: Section 1. Section 3 of Ordinance No. 2150 is amended to read as follows: Section 3. "Consolidated Local Improvement District No. 103/104 Bonds" (hereinafter called the "Bonds") shall be issued in tne total principal sum of $2,370,032.49, being the total amount on the assess- ment rolls of Local Improvement Districts Nos. 103 and 104 remaining uncollected after the expiration of the 30-day interest free prepayment period. Bond No. I shall be in the denomination of $5,032.49, and the remaining Bonds numbered 2 to 474, inclusive, shall be in the denomination of $5,000.00 each. The Bonds snall all be dated May 1, 1980, and snail be payable on May 1, 1992, with tne right reserved to tne City to redeem the Bonds prior to maturity on any interest payment date, in numerical order, lowest numbers first, whenever there shall ne sufficinc money in the Bond Fund to pay the Bonds so called and all lower riuml,,.red Bonds over and above tne amount required for the payment of the interest on all unpaid Bonds, by publishing notice of such call once in the official newspaper of the City not less than ten nor more than twenty days prior to the call date and by mailing within the same period a copy of such notice of call to the main office of Foster & Marshall Inc., in Seattle, Washington, or its successor. Upon such call date the interest on the Bonds so called shall cease and each and every coupon representing interest not accrued on such date shall IDe void. The Bonds shail bear interest at the rate of 10.80% per annum, payable annually, beginning May 1, 1981, to be represented by interest coupons to maturity attacned to each Bond. Section 2. Section 5 of Ordinance No. 2150 is amended to read as follows: Section 5. Foster & Marshall Inc. of Seattle, Washington, has offered, and has amended such offer, to purchase all of the Bonds at a price of par, plus accrued interest from the date of the Bonds to the date of their delivery to the purchaser, the City to furnish the printed Bonds and tne approving legal opinion of Roberts, Shefelman, Lawrence, Gay & Moch, municipal bond counsel of Seattle, Washington, at the City's expense, Bond counsel shall not be required to review nor express any opinion concerning the completeness or accuracy of any official statement, offering circular or otner sales material issued or used in connection witn tne Bonds, and bond counsel's opinion shall so state. The City Council, deeming that it is in the best interest of the City to accept sucn offer, as amended, duly accepts the same. The Bonds shall, therefore, immediately upon their execution, r‘ . .1 .• be delivered to Foster & Marsnall Inc., Seattle, Wasnington, upon payment therefor in accordance with such offer, as amended. Section 3. This ordinance shall become effective five days after its passage, approval and publication as provided by law. PASSED by the City Council and APPROVED by the Mayor of the City of Pasco, Washington, at a regular open public meeting thereof, this 5tn day of May, 1980. Mayor Appftwa (L, iv t,62,,„„,,:-( I, EVELYN WELLS, City Clerk of the City of Pasco, Wash- ington, hereby certify that the attached copy of Ordinance No. is a true and correct copy of the original ordinance passed on the 5th day of May, 1980, as such ordinance appears on the Minute Book of the City. DATED this day of May, 1980, EVELYa WELLS, City Clerk I., FIDAVIT OF PUBLICATION COUNTY OF Frpnklin STA FE OF WASHINGTON Phylli,s Graves )ss , being first duly sworn on oath deposes and says 9he is the Princloal Cleik of the Tr-City Herald, a daily newspaper That said newspaper is a legal newspaper and has been approved as a legal newspaper by order of the superior court in the county in which it is published and it is no \A and has been for more than six months prior to the date of the publication hei entailer refer! ed to, published in the English language continually as a daily news paper in FT:anklin County, Washington, and is now and during all of said time was printed in an office maintained at the aforesaid place of publication of said newspaper That the annexed is a true copy of a legal advertisement Ord. # 2151 4 That the full amount of $ 70,8 1) In.E 0 5.45 = 70.85 as it was printed in the regular and entire issue of the Tri City Herald itself and not in a supplement thereof, for a period of one timemitrnipcitt-Exxvikejm commencing on the 12 til day of Flay , 19 BO , and ending on the day of , 19 and that said newspaper was regularly distributed to its subscribers during all of this period has been paid in full, also at the rate of 1 1 2,, • di'd../tA Subscribed and sworn to before me this 12 thday of nay ,19 80 e Notary Public in and for the State of Washington, residing at Kerii&airmek Ordinance No 2151 An Ordinance amending 0n:4m:ince No 2150 passed • add approved April 21 1980, establishing Conso li doted Local Improvement District No 103/104 and RelnItstot*di In NOE spadxa Java 'JraS sum, swEdiattird 000'Z tintin parieis paroJd pro araii amp atn pies `saplitiv soi UT UTUJOJ11¢1 JO IS la awl Jo a-m.1as uois -uaixg anliendoo-) ai Aq uni sr tianinet :turigoid aq JO aageriew uoll gutuasaad pUE gurisan anti guiwrid InocrE wain sailarai pile purl °seal saipwri awoaui enot sdiaq 'salaguy sol ut 'wElgold tpns auo guipuedxa 4.1R slOid Xiiuniuwoi in purr 'wind lartis swapisai Ain 0.1311/A sweigold guitiaplug ugqin A.nunoa -uoapiou v,st Ilnmo.12 atij, sarqrragaA pue sum JO wont uoiwq g paisaAJEir siauap.reg °wog 'auoiu LL6I tri siord protiasnoti atteir Num ni tit anoj uEtri aJow Imp columns° ommmav Jo 'maw idEdaa g a atu, )CI UDD aping s,aamain E sr aJall trip; awl Sq pasivi sanssi ay) uo uoisstp sip purd guoi inoti ue Sc ipm se 'Xsaanorruoa atn uo Alewatunaop mum xis E qum „ssaatrud E Jo ineaci„ monoj Him SEM LIRA pru wit; Jnoti opal atn Joj awn pun alp') Jir rignoill ag d 8 Jo.' papipatps st iseopEoaq sild atrj, 11(111nrinnicl FINAN( E DEPARTMEN I' (50)1 St5-3401 Scan 726 3101 ew ly ours, Sinc Eve yn Wells City Clerk P 0 BOX 293 412 WEST CLARK PASCO, WASHINGTON 99301 May 6, 1980 Tri City Herald P 0 Box 2608 Pasco, Washington 99302 Gentlemen Please publish the attached Ordinances on the following date May 12, 1980 Please send two (2) Affidavits of Publication for each