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Home My WebLink About2845 OrdinanceCITY OF PASCO, WASHINGTON ORDINANCE NO. ;''3 AN ORDINANCE adopting a system of registration of bonds and obligations of the City. WHEREAS, Section 149(a) of the Internal Revenue Code of 1986, as amended, requires municipal bonds and obligations offered to the public, having a maturity of more than one year, to be in registered form as a condition of the exclusion from gross income for federal income tax purposes of the interest on those bonds and obligations; and WHEREAS, RCW 39.46.030 authorizes cities to establish a system of registering the ownership of their bonds or obligations as to principal and interest, or principal only; NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PASCO, WASHINGTON, DO ORDAIN as follows: Section 1: Definitions. The following words shall have the following meanings when used in this ordinance: a. "Bond" or "bonds" shall have the meaning defined in RCW 39.46.020(1), as the same may be from time to time amended. b. "City" shall mean the City of Pasco, Washington. c. "Fiscal Agencies" shall mean the duly appointed fiscal agencies of the State of Washington serving as such at any given time. d. "Obligation" or "obligations" shall have the meaning defined in RCW 39.46.020(3), as the same from time to time may be amended. e. "Registrar" shall mean the person, persons or entity designated by the City to register ownership of bonds or obligations under this ordinance or under an ordinance of the City authorizing the issuance of such bonds or obligations. -1- See- Ordi't-Na_rice_ 0,Fsli Section 2. Findings. The City Council of the City finds that it is in the City's best interest to establish a system of registering the ownership of the City's bonds and obligations in the manner permitted by law. Section 3. Adoption of Registration System. The City adopts the following system of registering the ownership of its bonds and obligations. a. Registration Requirement. All bonds and obligations offered to the public, having a maturity of more than one year, on which the interest is intended to be excluded from gross income for federal income tax purposes, shall be registered as to both principal and interest as provided in this ordinance. b. Method of Registration. The registration of all City bonds and obligations required to be registered shall be carried out either by 1) a book entry system of recording the ownership of the bond or obligation on the books of the Registrar, whether or not a physical instrument is issued; or 2) recording the ownership of the bond or obligation and requiring as a condition of the transfer of ownership of any bond or obligation the surrender of the old bond or obligation and either the reissuance of the old bond or obligation or the issuance of a new bond or obligation to the new owner. No transfer of any bond or obligation subject to registration requirements shall be effective until the name of the new owner and the new owner's mailing address, together with such other information deemed appropriate by the Registrar, shall be recorded on the books of the Registrar. c. Denominations. Except as may be provided otherwise by the ordinance authorizing their issuance, registered bonds or obligations may be issued and reissued in any denomination up to the outstanding principal amount of the bonds or obligations of which they are a part. Such denominations may represent all or a part of a maturity or several maturities and on reissuance may be in smaller amounts than the individual denominations for which they are reissued. / -2- d. Appointment of Registrar. Unless otherwise provided in the ordinance authorizing the issuance of registered bonds or obligations, the City Finance Director shall be the Registrar for all registered interest-bearing warrants, installment contracts, interest-bearing leases and other registered bonds or obligations not usually subject to trading without a fixed maturity date or maturing one year or less after issuance and the Fiscal Agencies shall be the Registrar for all other City bonds and obligations without a fixed maturity date or maturing more than one year after issuance. e. Duties of Registrar. The Registrar shall serve as the City's authenticting trustee, transfer agent, registrar and paying agent for all registered bonds and obligations for which he, she, or it serves as Registrar and shall comply fully with all applicable federal and state laws and regulations respecting the carrying out of those duties. The rights, duties, responsibilities and compensation of the Registrar shall be prescribed in each ordinance authorizing the issuance of the bonds or obligations, which rights, duties, responsibilities and compensation shall be embodied in a contract executed by the City Finance Director and the Registrar, except that (1) when the Fiscal Agencies serve as Registrar, the City adopts by reference the contract between the State Finance Committee of the State of Washington and the Fiscal Agencies in lieu of executing a separate contract and prescribing by ordinance the rights, duties, obligations and compensation of the Registrar, and (11) when the City Finance Director serves as Registrar, a separate contract shall not be required. In all cases when the Registrar is not the Fiscal Agencies and the bonds or obligations are assignable, the ordinance authorizing the issuance of the registered bonds or obligations shall specify the terms and conditions of I) making payments of principal and interest; 2) printing any physical instruments, including the use of identifying numbers or other designation; 3) specifying record and payment dates; 4) determining denominations; 5) establishing the manner of communicating with the owners of the bonds or obligations; 6) establishing the methods of receipting for the physical instruments for payment of principal, the destruction of such instruments and the certification of such destruction; 7) registering or releasing security interests, if any; and 8) such other matters pertaining to the registration of the bonds or obligations authorized by such ordinance as the City may deem to be necessary or appropriate. Section 4. Statement of Transfer Restrictions. Any physical instrument issued or executed by the City subject to registration under this ordinance shall state on its face that the principal of and Interest on the bonds or obligations shall be paid only to the onwer thereof registered as such on the books of the Registrar as of the record date defined in the instrument and to no other person, and that such instrument, either principal or interest, amy not be assigned except on the books of the Registrar. PASSED by the City County and APPROVED by the Mayor of the City of Pasco, Washington, at a regular open public meeting thereof this 21st day of October, 1991. ATTEST: Deputy City Clerk FORM APPROVED: -4- • 'AU( w• DATE 102791 LEGAL NO 003006 _PO BOX 2608 PASCO WASHINGTON 99302 2608 PHONE (509) 582 1500 - — LEG L ADVERTISE:VG INVOICE SOLD TO City of Pasco P. O. 293 Pasco TOTALS cr) of WA 9'1 301 NOTOCE This is an invoice for legal advertising space Please pay from this invoice as no statement will be rendered Please detach at perforation and return with payment Frni, vii F PULiCI Ti COUNTY OF BENTON SS STATE OF WASHINGTON ROSEMARY EVERETT , being duly sworn, deposes and says, I am the Legal Clerk of the Tn-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 countinually as a daily newspa- per in Benton County, Washington That the attached is a true copy of a Ordinance No 2838 as it was printed in the regular and entire issue of the Tn-City Herald itself and not in a supplement thereof, 001 time(s), commencing on 1_0279i , and ending on 107791 , and that said newspaper was regulary distributed to its subscribers during all of this period SUBSCRIB ND SWORN BEFORE ME THIS gi4( DAY OF q ACCOUNT NO 50550 DESCRIPTION Or dinance No 233R TIMES 001 LINES 2:32 „ig/a-le Notary piibhc in and for the State of Wash- ington, residing at PACC 0 COMMISSION EXPIRES 7-457-z--- 11 .n.n.-.nnnn n•n1.1n11 2AS CONDOMINIUMS Available Nov 1st 3 BR: 2 bath garage pool ten nis hot tub sauna $650 mo + dep 735 2400 223 DUPLEXES KENNEWICK Clean 1 BR turn all util pd lsun yd service quiet persons only ref req $300/unfurn $290 $150 dep 213 S Olympia 547 6127 eves or before 9am 3 apts to choose from, all 3 br 11/2 bath units 2 with garages no pets rents $500 $575 586 3813 3 BR, 1/2 bath, dbl car ga- rage $600/mo pets on approval 943 2387 2 br duplex cent h/a washer/dryer hookup 1 car garage available 11/1 7836621 225 DUPLEXES _ Now taking applications for rent on Richland A duplex exc cond great location $450/mo call eves 582 6568 RICHLAND , • APTS sco ° @ and CMG -3 Bedrooms OS eam Room irt ladigbglit opping dila* -56`rd Frc)rn 425 ma :ular View of the Columbia River Offering t, 2 bedrooms Fireplaces Carports I, sauna & pool 0 Washer/dryer hook-ups Landscaped 0 Clubhouse & Exercise Room tvlf Ufl ROBERT DU 783 -3014 S Mon Fri 9 6 Sat 1-4 (Closed Sundays) 0060000000600000006000 0-ESTATE BUILDING We II Run The Office So You Can Run Your Business Immediate Occupancy Personalized Answering Service Receptionist Secretarial Service Available Copy Or Fax Machine 783-3434 or 943-8323 Professionally Ma aged By Jerry D Abrams Company, Inc 000006000000000000 0000 Prime Office & Retail/Warehouse High Traffic (union 5 cirimo Remodeled Center 1650 3200 sq it Very reasonable rates Space lust became available Union Square - Kenn Call 943-8323 Professionally Managed By Jerry D Abrams Company, Inc 283 RETAIL SPACE OFFICE or RETAIL space, 2900 sq ft Angus Village area good parking 783 8215/586 2195 Prime retail space central convenient Richland Up town Shopping center ample parking several sizes 375-0351 946 4425 286 ROOMS FOR RENT Clean spacious motel rooms for rent by the week A/C Color TV all utils incl Starting at $129 06/wk 547 7322 290 SHARE RENTALS "Neat" lady to co-occupy newer 5 BR nice loca tion $250/mo 547 1722 Would like Female to share 2 BR home in Rhld $220 + 1/2 utit 943 1836 292 STORAGE SPACE C & M STORAGE 10x1 0 10x20 & 11x24 946 0733 or 736-0720 GAGE PARK MINI STORAGE Brand New! Convenient! Security fenced! Special Grand Opening rates 735 6220 Kamlakin North Storage rental 8 x 10 $35 10x24 $60 783-8633 FALL SPECIALS 11x20 $55 6x7 $27 Other sizes available Wellsian Way Richland Call 783-7332 IVI —Ntrve—iiii 2 1991 Specifications and propo sal forms may be obtained from the office of the Pur chasing Agent A pre bid conference will be held on October 29 1991 at 11 00 a m in the City s Council Chambers at 210 W 6th Avenue The owner reserves the right to reject any or all bids to waive informalities to accept any bid deemed to be in the best interest of the City of Kennewick and reserves the right to post pone the award of the con tract for a period not to exceed sixty (60) days s Robert Kirby Purchasing Agent #2954 - 10/13,20 27/91 CITY OF PASCO NOTICE OF PUBLIC HEARING PLEASE TAKE NOTICE that the City Council of the City of Pasco Washington will hold a public hearing on the limiting of access to cer tam properties at the inter section of 20th Avenue and Court Street by construct ing raised channelization The public hearing will be of the Cit ocoCo inunthceil Council bers of the City 412 W Clark Stre asco Washington e hour of 8 00 p m on e 4th day of November 1991 s Catherine D Seaman Deputy City Clerk #3004 10/27/91 held before the CITY OF PASCO WASHINGTON ORDINANCE NO 2838 AN ORDINANCE adopting a system of registration of bonds and obligations of the City WHEREAS Section 149(a) of the Internal Revenue Code of 1986 as amended requires municipal bonds and obligations offered to the public having a matu ray of more than one year to be in registered form as a condition of the exclusion from gross income for fed eral income tax purposes of the interest on those bonds and obligations and WHEREAS RCW 39 46 030 authorizes cities to establish a system of registering the ownership of their bonds or obligations as to principal and interest or principal only NOW THEREFORE THE CITY COUNCIL OF THE CITY OF PASCO WASHINGTON DO OR DAIN as follows Section 1 Definitions The followng words shall have the following mean ings when used in this ordi nance a Bond or bonds shall have the meaning defined in RCW 39 46 020(1) as the same may be from time to time amended b City shall mean the City of Pasco Washington C Fiscal Agencies shall mean the duly appointed fiscal agencies of the State of Washington serving as such at any given time d Obligation or obliga tions shall have the mean ing defined in RCW 39 46 020(3) as the same from thime to time may be n amended e Registrar shall mean the person persons or en tity designated by the City to register ownership of bonds or obligations under this ordinance or under an ordinance of the City autho nzing the issuance of such bonds or obligations Section 2 Findings The City Council of the City finds that it is in the City s best interest to establish a system of registering the ownership of the City s bonds and obligations in the manner permitted by law Section 3 Adoption of n Registration System The City adopts the following system of registering the ownership of its bonds and obligations n 68x24 Marlette, over 1500 sq ft 3BR 13/4BA 1 acre fncd pasture workshop new carpet pellet stove UGS cedar fencing 588 6373 aft 5 1 ACRE VIEW!! Super 1977 Marlette 980 sq ft 2 bedrooms 2 baths 24x36 garage Also a 12x20 extra storage unit Only $49 900 asking price Call Linda 735 1986 or Herta 547 2290 MLS #66104 PALMER REAL ESTATE * * 736-0880 * * * 32 g MOBILE HOME 0 LOTS FOR SALE Manufactured Home Lots Columbia Center Estates Excellent Kennewick loca tion close to everything Choose from our large se laction of remaining lots Robert Young Realty Services Inc 783 3014 Pasco Lots 64x120 Inc' pedestals & utils reduced prices terms 547 4340 Save $1550 to $2000 per lot Enjoy golf hunting & Columbia River fishing We finance & pay closing costs McNary Mobile Es tales 89 Sonesta St Umatilla OR 97882 503 9223869 33 MOBILE HOME LOTS FOR RENT SAGEVIEW MH PARK BURBANK Lrg rental lots 80x155 Water & sewer Ind Cable TV avail View of Columbia River 545 1908 Shadow Mountain MHP Great Richland Location Indoor pool & spa newer park Large lots 1/2 rent 1st yr of $80 Call 627 1616 * Homes Must Go! * Save Thousands * 2 & 3 bedrms * New 14x70 Hermiston Home Center (503) 567-8024 Hwy 395 Hermiston #1-IERMIC14705 Quality Marlette 28 x 67 2 Br 2 Bath set up in Col Sunset Village gar patio heat pump ugs much more 2105 Steptoe #21 Kenn $32 000 943 2540 USED TV CENTER Lots of TV & radio tubes & misc parts Also 4 dr file cabinet 547 9685 215 W Lewis Pasco Wanted 14x70 Mobile Home take over pay ments 547 4328 92 28x44 Marlette 2 BR, 2 BA 375 3064 91 Skyline 2 BR snglwd, warranty in nice mbl home park 3324 W 19th Lot 64 735 7095 79 Sahara 14x70 located in Badger Canyon on 2 2 acres rented land Can be moved if desired Has 3 BR 2 baths cent H/A stove dw & disp $10 000 943 9388 or 627 4783 78 14x70 Governor M 2 BR 1 bath has e thing w/d incl re move into nice $13 400/of r days or 783 73 Weston 4X64 w/new 10X16 on br new roofove cent h/a very nice I anon in N Rich land any nice features $13 0 373 3658 Mon Fri 8am 3pm ask for Larry 2 BR 12x65 Ig open kitch- en/living rm area cent H/A exc cond many ex tras $14 000/offer 547 6472 aft 5 24x60 3BR Marlette 1 3/4BA Ig living/dining rms 547 0857 3g g MOBILE HOMES WITH ACREAGE Icarpet & appis mo $150 •dep 5824256 tly turn clean tached carport arb pd Non only $310 + 586 1027 kRTMENTS co ROM 1!7.0 0. 2 Bdrm r-ri 0 3 Bdrm Unfurn sauna Fi energy off ps DE MANOR ath 547 3146 ,asco oily Maraged by rry D Abrams Company, Inc MlJDAtLI Dom APTS 105 Per mo Bq 547-5924 V y Managed By D Abrams [npany, Inc lath fp w/d in I closets 1524 0/mo 783 2043 12 br excel el neighbors 125 $295/mo + 586 8011 I Spacious/Pool/Patio FROM '375 I, gat Kitchettes Day week or month includes utils cable tv & phone Pool & spa Desert Gold Motel & Apts 627 1000 Small 1 BR home large storage area no pets non smoker $295 per month Lease $300 de posit PH 943 2540 WINDSONG APTS 2 BR $440 New carpet & vinyl blinds cent h/a 943 2738 lv msg no pets BUSINESS RENTALS For Lease Restaurant & Lounge competely equipped including dish ware & so forth Pasco area 547 7322 Mexican Cafe location 10th & Sylvester Pasco Let s Talk! 547 6633 20 p FOUR-PLEXES 0 FOR RENT 1 BR, W Pasco, garb/"wtr pd $285/mo + $285/dep no pets avail !mimed 2114 Rd 32 735-0307 2 fiR APARTMENTS ilYQ) RICHLAND office w/furn $200 Uhl janitorial pd 547 5158 Ouinault Point Tr-Cities finest professional office space 2200 sq ft avail 783 0661 RETAIL/OFFICE SPACE High visibility 900 at 10 N Fruitland Kenn $400 mo 586 6737/586 9446 Small downtown Kenn of- fice w/view for lease share reception area $150/mo 582 3437 5 000 s f space will re- model Jadwin/Torbett area $8 50 s f call WSIC 735 2255 300 sq ft at 1625 West A St Pasco $150/mo 300 sq ft/500 sq ft Off/VVarehs 1620 W Lewis $250 627 1644 $1004200 Top Quality vaned sizes carpeted utilities janitor services rent 1st month only Grigg Office Building Pasco Gene or Richard Wright 783 7676 or 547 3636 TMENTS AND Near Hanford Schools Shopping Plaza calamity Managed By Jerry D Abrams Company Inc 17.6 14111.1... rirwrivropy 110111 0 1 11111111111111Pl o llo FINANCE DEPARTMENT (509) 545-3401 / Scan 726-3401 P 0 BOX 293, 412 WEST CLARK, PASCO, WASHINGTON 99301 October 22, 1991 Tr-City Herald P 0 Box 2608 Pasco, Wa 99302 Dear Kathy Please publish the attached ORDINANCE(S) Nos 2837, 2838, 2839 on the following date October 27, 1991 Please send two (2) Affidavits of Publication for each Thank you, Catherine D Seaman Deputy City Clerk 545-3402 cds