Press Alt + R to read the document text or Alt + P to download or print.
This document contains no pages.
HomeMy WebLinkAbout3280 OrdinanceCITY OF PASCO, WASHINGTON
ORDINANCE NO 3 am
AN ORDINANCE of the City of Pasco, Washington, relating to incurring
indebtedness, providing for the submission to the voters of the City at a special
election to be held therein on March 10, 1998, of a proposition authorizing the
City to incur indebtedness by issuing its general obligation bonds m a par amount
not to exceed $1,700,000, payable by annual property tax levies to be made in
excess of regular property tax levies, for the purpose of paying all or a part of
the cost of renovating the Pasco Library and to relocate the Pasco City Fire
Station No 1 by acquiring, constructing and equipping a new fire station and to
levy those excess property taxes, and ratifying and approving all actions
consistent with this ordinance
WHEREAS, the City of Pasco, Washington (the "City"), is m urgent need of renovating
the Pasco Library, includmg reconstructing the roof, upgrading the electrical, lighting and
research facilities, expandmg the reading room and upgrading other facilities to comply with the
Americans with Disabilities Act, and to relocate Pasco City Fire Station No 1 by acquiring,
constructing, and equipping (to the extent permitted by law) a new fire station to improve
emergency response services to the citizens of Pasco, and the City does not have sufficient funds
available for that purpose to meet the estimated cost of those improvements, NOW,
THEREFORE,
THE CITY COUNCIL OF THE CITY OF PASCO, WASHINGTON, DO ORDAIN as
follows
Section 1 The City shall renovate the Pasco Library, including but not limited to
reconstructing the roof, upgrading the electrical, lighting and research facilities, expanding the
reading room and upgrading other facilities, including meeting the requirements of the
Americans with Disabilities Act (the "Library Project") The estimated cost of the Library
Project, including the costs of issuing and selling the bonds authorized by this ordinance, is
0318675 01
declared to be, as nearly as may be, $750,000 The economic life of the improvements
comprismg the Library Project is expected to be at least twenty years
Section 2 The City shall relocate Pasco City Fire Station No 1 by acquiring,
constructing and equipping (to the extent permitted by law) a new fire station to improve
emergency response services to the citizens of Pasco (the "Fire Station Project") The estimated
cost of the Fire Station Project, including the costs of issuing and selling the bonds authorized
by this ordinance, is declared to be, as nearly as may be, $950,000 The economic life of the
improvements comprising the Fire Station Project is expected to be at least twenty years
Section 3 The City shall borrow not to exceed $750,000 on the credit of the City and
issue and sell its general obligation bonds m that principal amount for strictly municipal capital
purposes, other than the replacement of equipment, to provide the funds for the Library Project
and not to exceed $950,000 on the credit of the City and issue and sell its general obligation
bonds in that principal amount for strictly capital purposes, other than the replacement of
equipment, to provide funds for the Fire Station Project Costs of engineering, planning,
financial, legal and other services lawfully incurred incident to each Project shall be appropriate
capital costs to be paid from the proceeds of the respective bond issues authorized by this
ordinance
The City Council declares that to the extent, if any, the City prior to the date bonds or
other short-term obligations are issued to finance the Library Project and Fire Station Project
shall make capital expenditures for those Projects from funds that are not (and are not reasonably
expected to be) reserved, allocated on a long-term basis or otherwise set aside by the City under
its existing and reasonably foreseeable budgetary and fmancial circumstances to fmance the
Projects, those capital expenditures are intended to be reimbursed out of proceeds of the bonds
0318675 01 -2-
or other short-term obligations issued in an amount not to exceed the principal amount of each
of such Projects provided by this ordinance
Section 4 The bonds shall be issued as a single issue for each Project, as a part of a
combined issue with other authorized bonds, or in more than one series The bonds shall be
fully registered, shall bear interest payable as permitted by law, shall mature within twenty years
from their date or within any shorter period fixed by the City Council, shall be paid by annual
property tax levies sufficient m amount to pay both principal and interest when due, which
annual property tax levies shall be made m excess of regular property tax levies without
limitation as to rate or amount but only in amounts sufficient to pay both principal and interest
when due, and shall be issued and sold m the manner, at the times and m the amounts as shall
be required for each applicable Project The exact date, form, terms, option of prior
redemption, if any, price, interest rate or rates and maturities of the bonds shall be fixed
hereafter by ordinance of the City Council Pending the issuance of the bonds and receipt of
their proceeds, the City Council may authorize the issuance of short-term obligations pursuant
to chapter 39 50 RCW, and the costs of those short-term obligations shall be included in the cost
of the Project for which the bonds are issued
Section 5 The City Council finds that an emergency exists which requires making,
constructing and acquiring the improvements comprising the Library Project and Fire Station
Project, and the Auditor of Franklm County, Washington, as ex officio Supervisor of Elections,
is requested to concur m that findmg and to call and conduct a special election to be held m the
City on March 10, 1998, for the purpose of submitting to the qualified electors of the City for
their approval the questions of whether or not the City shall borrow not to exceed $750,000 for
the Library Project and $950,000 for the Fire Station Project, issue its general obligation bonds
0318675 01 -3-
in those principal amounts for capital purposes only, other than replacement of equipment, and
levy excess taxes necessary to redeem the bonds as herein set forth
Section 6 The City Clerk is directed to certify to the Auditor of Franklin County,
Washington, as ex officio Supervisor of Elections, at least 45 days prior to the March 10, 1998,
special election date a copy of this ordinance and the proposition to be submitted at that special
election m the form of ballot titles as follows
PROPOSITION NO 1
LIBRARY BONDS - $750,000
Shall the City of Pasco, Washington, borrow $750,000 to renovate the
Pasco Library, including reconstructing the roof, upgradmg the electrical, lightmg
and research facilities, expanding the reading room and carrying out other capital
purposes and by selling general obligation bonds therefor maturing within 20
years and levy annual excess property taxes necessary to pay and retire the bonds,
as provided m Ordinance No and Resolution No 9
BONDS YES El BONDS NO 0
PROPOSITION NO 2
FIRE STATION BONDS - $950,000
Shall the City of Pasco, Washington, borrow $950,000 to relocate its Fire
Station No 1 by acquiring, constructing and equipping ( to the extent permitted
by law) a new fire station to improve emergency response services by selling
general obligation bonds therefor maturing within 20 years and levy annual excess
property taxes necessary to pay and retire the bonds, as provided in Ordinance
No and Resolution No 9
BONDS YES 0 BONDS NO 0
Section 7 All actions taken to submit this ordinance and the ballot propositions
contained therein to the Franklin County Auditor on or prior to January 23, 1998, are ratified
and approved
0318675 01 -4-
meeting thereof, and signed in authentication of its passage is, 20th day of January, 1998
n
Mayor
City Clerk
APPROVED AS TO FORM
City Attorney
PASSED by the City Council of the City of Pasco, Washington, at a regular open public
0318675 01 -5-
I, Daniel L Underwood, City Clerk of the City of Pasco, Washington, certify that the
attached copy of Ordinance No is a true and correct copy of the original ordinance
passed on the 20th day of January, 1998, as that ordinance appears on the Muiute Book of the
City
DATED this day of , 1998
Daniel L Underwood
City Clerk
0318675 01
DESCRIPTION
ofil TIMES -
-
'P 0 BOX 2608
PASCO, WASHINGTON 99302-2608
PHONE (509) 582-1500
LE L EFITISfiNG
INVOICE
DATE o / /25/ LEGAL NO IV )103
-t -ti:- ç) ACCOUNT NO —
1ft CITY OF F ASCO , WASH I1\11.3 TO
LINES ' — PO
SOLD TO FASCO, CITY OF LEGALS
P.O. BOX 297
F ASCO WA 3:1701. TOTAL $ 7.81 £11
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
AFROAKT OF FEROUVATI100
COUNTY OF BENTON
SS
STATE OF WASHINGTON
, 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
103 CITY OF rnsco W A S1 -1111(3 I 0 copy of a as it
was printed in the regular and entire issue of the Tn-City Herald
itself and not in a s_upplerDent 1 /hereof, time(s),
commencing on - , and ending on 01 /E'/:' , and that said newspaper was regulary
distributed to its subscribers during all of this period
1- IN 13E:701_ D
" JAN 2 9 19,93
FINANCE DEPT
SUBSCRIBED AND S ORN BEFORE ME THIS A
e-
i
"1 ,-ICUrin I 9T -- DAY OF
Notary public in and for the State of Wash-
ington, residing at Kennewick. 1. c I-IL AND ,
COMMISSION EXPIRES ("/ I Ul( )1
tok)
CITY OF PASCO
WASHINGTON
ORDINANCE NO 3280
AN ORDINANCE of the City
Of Pasco Washington relat
ing to incurring indebted-
hess providing for the sub-
mission to the voters of the
City at apspecial election to
be held' therein on March
10 1998 of a proposition
authorizing the City to incur
indebtedness by issuing its
general ,ibligation bonds in
a par amount not to exceed
$1 700 000 payable by
brinual property tax levies to
be made in excess of regu-
lar property tax levies for
the purpose of paying all or
a part of the cost of renovat-
ing the Pasco Library and to
relocate the Pasco City Fire
Station No 1 by acquiring
constructing and equipping
new expanded fire station
and to levy those excess
property taxes
WHEREAS the City of
Pasco Washington (the
City) is in urgent need of
rianovating the Pasco
lubrary including recon
structing the roof upgrading
the electrical lighting and
research facilities expand-
ing the reading room and
upgrading other facilities to
comply with the Amencans
with Disabilities Act and to
Celocate Pasco City Fire
Station No 1 by acquiring
constructing and equipping
Go the extent permitted by
law) a new expanded fire
station to maintain emer
gency response services to
the citizens of Pasco and
the City does not have suffi-
cient funds available for that
purpose to meet the esti-
mated cost of those
improvements NOW
THEREFORE
THE CITY COUNCIL OF
THE CITY OF PASCO
WASHINGTON DO
ORDAIN as thllows
$ection 1 Tile City shall
renc,rate the Pasco Library
including but not limited to
reconstructing the roof
eperradrng the electrical
lighting and research facili
ties expanding the reading
room and upgrading other
teeth' les including meeting
the requirements of the
Americans with Disabilities
Act (the Library Project)
The estimated cost of the
Library Project including the
costs of issuing and selling
the bonds authorized by this
ordinance is declared to be
as nearly as may be
000. The .nenomic life
of the improvements com-
prising the Library Project is
expected to be at least
twenty years
Section 2 The City shall
relocate Pasco City Fire
Station No 1 by acquinng '
rpristructing and equipping 1
(to the extent permitted by '
law) a new expanded fire
Station to maintain emer-
gency response services to
thecitizens of Pasco (the I
Fire Station Project) The ,
estimated cost of the Fire '
Station Project including the
qosts of issuing and selling
the bonds authorized by this
ordinance is declared to be
as nearly as may be
$950 000 The economic life
of the improvements com
expected to be at least
twenty years
pnsing the Library Project is
Section The City shall
borrow not to exceed
$750 000 on the credit of
the City and issue and sell
its general obligation bonds
in that principal amount for
stnctly mi.tnicipal capital pur-
poses other than the
replacement of equipment
to provide the funds for the
Library Project and not to j
exceed $950 000 on the
credit of the City and issue +
and sell its general obliga-,
ton bonds in that pnncipali
amount for strictly capitall
purposes other than the)
replacement of equipment
to provide funds for the Fire
Station Project Costs of
engineering panning finan-
cial legal and other services
lawfully incurred incident to
each Project shall be appro
pnate capital costs to be
paid from the proceeds of
the respective bond issues
authorized by this ordi
nance
The City Council declares
that to the extent if any the
City pnor to the date bonds
or other short-term obltga
bons are issued to finance
the Library Project and Fire
Station Project shall make
capital expenditures for
those Projects from funds
that are not (and are not
reasonably expected to be)
reserved allocated on a
long-term basis or otherwise
set aside by the City under
its existing and reasonably
foreseeable budgetary and
financial circumstances to
finance the Projects those
capital expenditures are
intended to be reimbursed
out of proceeds of the
bonds or other short-term
obligations issued in an
amount not to" exceed the
principal amount of each of
such Projects provided by
this ordinance
Section 4 The bonds shall
be issued as a single issue
for each Project as a part of
a combined issue with other
authorized bonds or in
more than one series The
bonds shall be fully regis
tered shall bear interest
payable as permitted by
law shall mature within
twenty years from their date
or within any shorter period
fixed by the City Council
shall be paid by annual
property tax levies sufficient
in amount to pay both pnrxii
pal and interest when due
which annual property tax
levies shall be made in
excess of regular property
tax levies without limitatien
as to rate or amount but
only in amounts sufficient to
pay both principal and inter-
est when due and shall be
issued and sold in the rrthn
ner at the times and in the
amounts as shall be
required for each applicable
Project The exact date
form terms option of prior
redemption if any price
interest rate or rates and
maturities of the bonds shall
be fixed hereafter by ordi-
nance of the City Council
Pending the issuance of the
bonds and receipt of their
proceeds the City Council
may authorize the issuance
of short term obligations
pursuant to chapter 39 50
RCW and the costs of
those short-term obligations 1 shall be included in the cost/
of the Project for which the
bonds a'Ie issued
Section 5 The City Council
finds that an emergency
exists which requires mak-
ing constructing and acquir-
ing the improvements com-
prising the Library Project
and Fire Station Project and
the Auditor of Franklin
County Washington as ex
1 officio Superytsor of
Elections is requested to'
concur in that finding and to
call and conduct a special
election to be held in the
City on Mar0 10 1998 for
the purpose of submitting to
the qualified electors of the
City for their aprf oval the
questions of whether or not
the City shall borrow not to
exceed $750000 for the
Library Project and
$950 000 for the Fire Station
Project issue its general
obligation bonds in that pnn-
cipal amount for capital pur-
poses only other than
replacement of equipment
and levy excess taxes nec-
essary to redeem the bonds
as herein set forth
Section 6 The City Clerk is
directed to certify to the
Auditor of Franklin County
Washington as ex officio
Supervisor of Elections at
least 45 days pnor to the
March 10 1998 special
election date a copy of this
ordinance and the propos'
Wan to be submitted at that
special election in the form
of a ballot title as follows
PROPOSITION NO 1
LIBRARY BONDS -
$750 000
Shall the City of Pasco
Washington borrow
$750 000 to renovate the
Pasco Library including
reconstructing the roof
upgrading the electrical
lighting and research facili
ties expanding the reading
room and carrying out other
capital purposes and by sell-
ing general obligation bonds
therefor maturing within 20
years and levy annual
excess property taxes nec
essary to pay and ,retire the
bonds as provided in
Ordinance No
BONDS YES/BONDS
NO
PROPOSITION NO 2
FIRE STATION BONDS -
$950 000
Shall the City of Pasco
Washington borrow
$950000 to relocate its Fire
Station No 1 by acquinng
constructing and equipping
(to the extent permitted by
law) a new expanded fire
station to maintain emer-
gency response services by
selling general obligation
bonds therefor maturing
within 20 years and levy
annual excess property
taxes necessary to pay and
retire the bonds as provided
in Ordinance No
BONDS YES/BONDS
NO
PASSED by the City
Council of the City of Pasco
Washington at a regular
open public meeting thereof
and signed in authentication
of its passage this 20th day
of January 1998
-s Charles D Kilbury
Mayor
-s Cathenne D Seaman
City Clerk
Approved as to Form
s- Leland B Kerr
City Attorney
#0108 1/25/98