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HomeMy WebLinkAbout2168 OrdinancePASSED by the City Council of the City of Pasco his 16 day of June , 1980 SNIDER; 'AYORYRO TEl ATT2T . Dennis 'i ORDINANCE NO 2168 AN ORDINANCE RELATING TO AN INTERFUND DEBT TO PROVIDE FINANCING FOR ENGINEERING AND OTHER PRELIMINARY COSTS RELATED TO L I D NO 110 (WEST OF 20TH L I D ) UNTIL INTERIM FINANCING CAN BE OBTAINED THE CITY COUNCIL OF THE CITY OF PASCO DOES ORDAIN AS FOLLOWS Section 1 The engineering and other costs related to L I D No 110 be paid from the City Street Fund until such time as the L I D is confirmed and interim financing is arranged The L I D shall reimburse the City Street Fund for these expenditures plus interest at a rate of 8% per annum This shall be repaid as soon as possible after interim financing is arranged Section 2 In the event L I D No 110 is protested out, or otherwise not finally confirmed, the expenditures shall remain the obligation of the City Street Fund Section 3 In the event the expenditures are repaid, the Finance Director is authorized to make the appropriate adjustments in the budget as the amount repaid would be additional revenue not anticipated at the time the budget was approved. Section 4 This Ordinance shall be in full force and effect after its passage and publication as required by law W-e_e-e-7 /Eve e 1 , City Clerk APPROVED AS TO FORM , n F elice, 0,. r elice, City Attorney AFFIDAVIT OF PUBLICATION COUNTY OF Franklin )ss STATE OF WASHINGTON Phyllis Graves , being first duly sworn on oath deposes and says she is the Principal Cleric 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 now and has been for more than six months prior to the date of the publication hereinafter referred to, published in the English language continually as a daily news- paper in Franaln 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 Ordinance #2168 as it was printed in the regular and entire issue of the Tr-City Herald itself and not in a supplement thereof, for a period of one time ZEigigMANCIV6W commencing on the 20th day of Julie ,19 80 , and ending on the day of , 19 , and that said newspaper was regularly distributed to its subscribers during all of this period That the full amount of $ 27025 has been paid in full, also at the rate of 5 inches @ 5.45 = 27.25 Ordinance No 2168 An .Ordinance relating to an interfund debt to provide financing for engineering and oiler preliminary costs related to L I D No 110 '1(West of 20th L I D ) until interim financing can be obtained The City Council of the City of Pasco does ordain as follows Section 1 The engineering and other costs related to L I D No 110 be paid from the City Street Fund until such time as the L I D is confirmed and interim fi nancing is arranged The L I D shall reimburse the City Street Fund for these expenditures plus interest at a rate of 8% per annum This shall be repaid as soon as possible after inter im fin -y=eng is arranged Section, 2 In the event L I D No 110 is protested out, or otherwise not finally confir^,4?d, the expenditures shall 'amain the obligation of the City Street Fund Section 3 In the event the expenditures are repaid, the Finance Director is au thorized to make the appro priate adiustments in the budget as the amount re Paid would be additional revenue not anticipated at the time the budget was approved Section 4 This Ordinance shall be in full force and effect after its passage and publication as required by law Passed by the City Coun cil of the City of Pasco this 16th day of June, 1980 s E A Snider Mayor Pro Tem Attest s Evelyn Wells City Clerk Approved as to form s- Dennis De Felice City Attorney Legal, No 8274 June 20 1980 Subscribed and sworn to before me this 2/4.th day of June , 19 80 Notary Public in and for the State of Washington residing at Pasco r June 17, 1980 Tri City Herald P.O. Box 2608 Pasco, Washington 99302 Gentlemen . Please publish the attached Ordinance No. 2168 on the following date . June 20, 1980 Please send two (2) Affidavits of Publication. Sincerely yours, Evelyn Wells City Clerk ew