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HomeMy WebLinkAbout02-28-1983 MinutesMINUTES PASCO CITY COUNCIL SPECIAL MEETING CALL TO ORDER Meeting called to order at 8 10 P M by E A Snider, Mayor ROLL CALL FEBRUARY 28, 1983 By City Clerk Councilmen present were Susan Boothe, Beverly Green, Charles Grigg, Ira Schmidt, E A Snider, Joe Jackson and Emerson Morgan Also present were Lee Kraft, City Manager, Greg Rubstello, City Attorney, Diane Dolan, Finance Director, James Ajax, Director of Public Works/City Engineer, Richard Erickson, Director of Parks/Recreation, John Hager, Fire Chief, Webster Jackson, Purchasing/Personnel Supervisor and Gary Crutchfield, Director of Community Development VISITORS There were no visitors wishing to address the Council at this time ORDINANCES ORDINANCE NO 2436 AN ORDINANCE ADOPTING A SYSTEM OR PLAN OF ADDITIONS TO AND BETTERMENTS AND EXTENSIONS OF THE WATERWORKS UTILITY OF THE CITY, INCLUDING THE SANITARY SEWERAGE SYSTEM AND THE SYSTEM OF STORM OR SURFACE WATER SEWERS AS A PART THEREOF, PROVIDING FOR THE ISSUANCE AND SALE OF $800,000 00 PAR VALUE OF "WATER AND SEWER REVENUE BONDS, 1983," FOR THE PURPOSE OF OBTAINING A PART OF THE FUNDS WITH WHICH TO CARRY OUT SUCH SYSTEM OR PLAN, FIXING THE DATE, FORM, DENOMINATION, MATURITIES, INTEREST RATES, TERMS AND COVENANTS OF SUCH BONDS, PROVIDING FOR THE SALE AND DELIVERY OF SUCH BONDS TO FOSTER & MARSHALL/AMERICAN EXPRESS, INC OF SEATTLE, WASHINGTON, AND RATIFYING AND CONFIRMING ACTIONS HERETOFORE TAKEN BY THE CITY COUNCIL IN CARRYING OUT SUCH SYSTEM OR PLAN Ordinance No 2436 was read by title only Mr Schmidt moved to adopt Ordinance No 2436, providing for the issuance and sale of $800,000 par value of "Water and Sewer Revenue Bonds, 1983 " Seconded by Mrs Boothe Mr Dave Smith, representing Foster & Marshall/American Express, Inc of Spokane, Washington, distributed Preliminary Official Statement for all council members to peruse, and asked if there were any questions Overall, the council was pleased with interest rate and method of handling Ms Diane Dolan, Finance Director, reported that subsequent to 3% discount, the final figure was $776,000 at net interest rate of 9 4% Councilman Charles Grigg asked if some relief might be given to L I D 's previously sold at high interest rate Mr Smith stated they would review this and report back to the council Motion carried by roll call vote of seven (7) ADJOURNMENT No further business to come before the Council, Mr Grig.g moved for adjournment Seconded by Mr Schmidt MotioTar ed Meeting adjourned at 8 20 P M . / • liE.4.4110 1 , City Clerk E'A Sn9 er, Mayor PASSED and APPROVED this7 day , 1983 Fikfirpre 44'r' r•n•••n•-, .7.7=1=7 " .61 n•• ere0CP411PrkliCAar:§qC totf, ,110rie'ad 61-'sti cLwo priritpAL--1' cIttes; Padit.IPLtity ltde:40:9-eqhtipugliestit,thk).5. LY -S4V, 4`, 6.—L136.51] "St WE OWN AND OFFER SUBJECT TO PRIOR SALE AND/OR CHANGE IN PRICE PRELIMINARY OFFICIAL STATEMENT, SUBJECT TO CHANGE DATE February 17, 1983 RATING Moody's A Outstanding, Moody's NEW ISSUE NEGOTIATED FEBRUARY , 1983 Applied For IN THE OPINION OF BOND COUNSEL, UNDER EXISTING LAWS, INTEREST ON THE BONDS IS EXEMPT FROM FEDERAL INCOME TAXES. $800,000 CITY OF PASCO, WASHINGTON WATER & SEWER REVENUE BONDS, 1983 DATED March 1, 1983 DUE Serially March 1, 1984-1995 DESCRIPTION OF BONDS. The City of Pasco, Washington Water & Sewer Revenue Bonds, 1983 (the "Bonds") will be issued as negotiable bearer coupon bonds in denominations of $5,000. The Bonds will bear interest payable semiannually on the first days of March and September, commencing September 1, 1983. Both principal and interest on the Bonds will be payable at the office of the Treasurer of the City at the City Hall in Pasco, Washington, or at the option of the holder, at either fiscal agencies of the State of Washington in the cities of Seattle, Washington and New York, New York MATURITY SCHEDULE Year Amount Coupon Yield Price Year Amount Coupon Yield Price 1984 $20,000 1990 $ 35,000 1985 20,000 1991 35,000 1986 20,000 1992 35,000 1987 25,000 1993 35,000 1988 25,000 1994 250,000 1989 25,000 1995 275,000 REDEMPTION PROVISION The City reserves the right to redeem any or all of the Bonds outstanding, in whole or in part, in inverse numerical order, on March 1, 1993 or any interest payment date thereafter at par plus accrued interest to date of redemption. LEGAL OPINION The opinion of Roberts & Shefelman, bond counsel of Seattle, Washington, approving the legality of the issuance of the Bonds will be delivered to the purchaser without cost and will be printed on each of the Bonds. Such bond opinion shall state that bond counsel expressed no opinion on the completeness or accuracy of any official statement, offering circular or other sales material relating to the issuance of the Bonds prepared by the City or its financial advisor or otherwise used in connection with such Bonds A no-litigation certificate in the usual form will also be included in the closing papers. AUTHORIZATION The Bonds are issued under the provisions of the Constitution and Laws of the State of Washington and pursuant to Ordinance No adopted by the Pasco City Council on THE STATEMENTS CONTAINED HEREIN ALTHOUGH OBTAINED FROM RELIABLE SOURCES ARE NOT GUARANTEED BY US Aberdeen Boise Eugene (206) 533 5500 (208) 336 0010 (503) 484 1421 Anchorage Bozeman Everett (907) 277 6512 (406) 586 1776 (206) 259 7282 Ashland Bremerton Fairbanks (503) 482 1420 (206) 479 4422 (907) 452 4493 Bellevue Coeur d'Alene Federal Way (206) 453 3450 (208) 667 2495 (206) 952 4111 Bellingham Coos Bay Gig Harbor (206) 734 8500 (503) 269 1150 (206) 851 5181 Bend Corvallis Grants Pass (503) 389 1282 (503) 757 0770 (503) 476 8060 Billings * Ellensburg Juneau (406) 248 2482 (509) 962 6336 (907) 586 6000 Itr Shearson/American Express Office Kennewick (509) 735 7515 Kirkland (206) 828 4646 Klamath Falls (503) 884 7738 La Grande (503) 963 0102 Lewiston (208) 746 9855 Longview (206) 577 1199 Lynnwood (206) 771 5556 Medford (503) 779 6440 Medford * (503)779 5010 Missoula (406) 721 4510 Mount Vernon (206) 336 6595 Olympia (206) 943 2300 Pendleton (503) 276 6612 Pocatello (208) 234 1500 Port Angeles (206) 457 9471 Portland (503) 243 6900 (206) 344 3500 Portland * (503) 248 2200 Provo (801) 375 1600 Richland (509) 943 8451 Richland * (509) 735 3501 Roseburg (503) 672 6611 SMem (503) 363 4101 Salem * (503) 581 1511 Salt Lake City (801) 363 6500 Seattle Twin Falls (206) 344 3500 (208) 733 6240 Uptown Seattle (206) 344 5000 Vancouver (206) 696 0833 Walla Walla (509) 525 4120 Wenatchee (509) 663 2141 Yakima Spokane (509) 575 1334 (509) 455 6060 Tacoma Yakima * (206) 572 6200 (509) 248 5220 • SEATTLE 205 Columbia Street Seattle Washington 98104 Seattle * (206) 223 4200 Sidney (406) 248 2482 Sidney * (406) 482 6436 Southcenter (206) 575 0820 FORM 300 -2- SECURITY These Bonds and all outstanding parity bonds are secured by a pledge of the gross revenues from the waterworks utility of the City, including the sewerage system, and constitute a lien upon such revenues prior to any other charges except charges for maintenance and operation The City has covenanted to maintain rates and charges for water and sanitary sewage service which will provide revenues, after deducting operating and maintenance expenses (but before depreciation and any City imposed taxes), equal to at least 1.4 times the average annual debt service requirements of the Bonds and all outstanding parity bonds. The Parity Bonds currently outstanding are as follows Amount Outstanding Issue As of 1/1/83 Water & Sewer Revenue Bonds, 1954 Water & Sewer Revenue Bonds, 1963 Water & Sewer Revenue Bonds, 1964 Water & Sewer Revenue Refunding Bonds, 1974 $ 55,000 286,000 615,000 770,000 $1,726,000 These Bonds are payable out of a special fund known as the 1983 Water & Sewer Revenue Bond Redemption Fund ("Bond Fund") into which the City has obligated itself to pay amounts sufficient to pay the principal of and interest on the Bonds. RESERVE ACCOUNT The Bond Ordinance for this issue requires that the City create a Reserve Account to secure the payments of principal and interest on these Bonds. Beginning in February, 1983, the City is required to make 60 equal monthly payments into the Reserve Account in such amounts that by February, 1988, the total accumulated will equal the average annual debt service on the Bonds and Outstanding Parity Bonds. As of November 30, 1982, Reserve Account Funds were as follows Fund Name Balance As of 11/30/82 $ 58,000 33,000 69,000 83,900 Water & Sewer Revenue Bond Reserve Fund, 1954 Water & Sewer Revenue Bond Reserve Fund, 1963 Water & Sewer Revenue Bond Reserve Fund, 1964 Water & Sewer Revenue Refunding Bond Reserve Fund, 1977 Total Water & Sewer Bonds Reserve Funds $2439O0 PURPOSE The Proceeds of this issue will be used to pay the costs of engineering and constructing a Second Pressure Zone in the City's Water System. This addition to the system will consist primarily of water transmission and intertie lines, a booster station, and improvements to the raw water treatment facilities. The engineering design is complete on the projects and construction is in progress, with completion expected in 1983. The application and source of funds is as follows APPLICATION OF FUNDS* Transmission & Intertie Construction Bid' $ 785,299 Booster Station Construction Bid 234,350 Water System Improvements Construction Bid 93,000 Engineering and Administration Costs L, 135,000 Sales Tax, 6.2% 68,984 Contingency 65,000 Bond Discount and Issuance Costs 40,000 Totpl Application of Funds 7 $1,421,633 SOURCE OF FUNDS Port of Pasco Contribution Columbia Basin College Contribution EDA Grant City Funds - Budgeted This Bond Issue $ 228,000 52,000 150,000 191,633 800,000 $1,421,633 -3- FUTURE FINANCING PLANS The City of Paseo doe not plan to issue additional water/sewer revenue bonds in the next twelve months ADDITIONAL PARITY BONDS The City can issue additional parity bonds under the following conditions 1. All payments required to be made into the bond redemption funds for all outstanding parity bonds have been made. 2. The ordinance authorizing additional parity bonds will provide for the creation of a reserve fund to be funded in an amount equal to the average annual debt service for the additional parity bonds, to be accumulated no later than five years after the date of issuance of such bonds. 3. The revenue of the Utility (including the additional revenues to be received from facilities to be constructed from proceeds of the Bonds), after payment of operations and maintenance costs and taxes are equal to at least I 4 times the average annual principal and interest of all outstanding parity bonds, the Bonds and the additional parity bonds to be issued. Determination of sufficiency of revenues will be made and certified to by either a C.P.A or a professional utilities engineer licensed to practice in the State of Washington. ,.. LITIGATION There is no litigation pending or threatened in any court questioning the validity of the Bonds, the proceedings or the authority of their issuance. DEBT PAYMENT RECORD The City of Pasco has always met principal and interest payments when due on its outstanding bonds. OTHER COVENANTS. The City has covenanted to. - Not sell, lease, mortgage or dispose of the properties on the Utility without providing for the payment of all principal of and interest on outstanding parity bonds. - Maintain the Utility in good condition. Keep proper and separate records of all Utility transactions. Not furnish water or sewer service to any customer free of charge. - Carry insurance on the properties of the Utility in the amounts normally carried by private water and sewerage systems. FLOW OF FUNDS: First - to pay the Operating Expenses of the System, Second - to make all payments required to be made into the Outstanding Parity Bond Redemption Funds and the Bond Fund to pay and secure the payment of the annual debt service on all Outstanding Bonds and the Bonds; Third - to make all payments required to be made into any other revenue bond redemption funds created to pay the debt service on any revenue obligation, having a lien upon the Revenues of the System inferior to the lien the Bonds have and, Fourth - to make necessary additions, betterments, improvements, or repairs to the System, and to retire by redemption or purchase any outstanding revenue bonds on warrants of the City, or for any other lawful purposes UNDERWRITING The underwriter of the Bonds (the "Underwriter") has agreed, subject to certain conditions, to purchase all of the Bonds from the City of Pasco at an aggre9ate discount of % from the initial public offering prices set forth on the first page of the Official and to make a bona fide public offering of the Bonds at not in excess of such public offering prices. REVIEW OF OFFICIAL STATEMENT The City will deliver to the purchaser at the time of delivery of the Bonds, a statement substantially to the effect that, after due review, the facts contained in this Official Statement and any supplement or amendment thereto are as of the date of delivery of the Bonds, true and correct in all material respects and that the Official Statement did not, and does not, contain any untrue statement or omit to state a material fact requred to be stated or necessary to make a statement not misleading in light of the circumstances under which it is made. Bond Counsel has reviewed this document only to confirm that the portions of it describing the Bonds and the authority to issue them conform to the Bonds and the applicable laws under which they are issued. -4- THE WATER & SEWER SYSTEM The Columbia River serves as a source of water for the City. Water is pumped from the Columbia to a filtration plant where the water is flocculated, filtered and chlorinated before being sent on to users. The water system is fully metered Water stroage facilities have a capacity of 10.6 million gallons per day (MGD) and the distribution system consists of about 137 miles of pipe varying from 2 to 30 inches in diameter The sewer system is primarily a gravity system consisting of about 82 miles of pipe varying in size from 8 to 36 inches in diameter In addition, there are four pumping stations with approximately five miles of pressure mains. The sewage treatment plant, which provides secondary treatment, has a design capacity people served is 19,020 Operating Statistics of 4.2 million THE WATER UTILITY gallons a day The number of 1982 1981 1975 Water Customers 6,449 6,325 4,493 City Area in Square Miles 23 16 10 5 Miles of Distribution Mains 137 131 94 Fire Hydrants 795 784 440 , Water Treatment Plant Capacity 18.5 (MGD) Water Storage Capacity 10.6 (MGD) Water Use Maximum (MGD) 15.7 Average (MGD) 5.5 WATER RATES The City enacted an Ordinance on November 1, 1982, revising water rates for all classes of customers commencing January 1, 1983. Residential Rates Minimum monthly charge for up to the first 500 cubic feet of water. Meter Size (inches) 1983 1982 3/4 $ 4.92 $ 4.65 1 7.37 6.95 Commercial Rates 3/4 $ 6.78 $ 6.40 1 9.81 9.25 1 1/2 19.08 18.00 2 29.52 27.85 3 41.82 39.45 4 60.26 56.85 6 94.08 88.75 8 130.33 122.95 For both classes of customers, water use in excess of 500 cubic feet will be charged as follows Usage Range in Cubic Feet Charge per 100 Cubic Feet 500 - 3000 .4240 .40 3001 - 6000 .4028 .38 6001 & Over 3816 .36 LARGEST WATER AND SEWER USERS - 1981 City of Pasco $423,010.28 Sundance Mobile Home Park 67,995,96 Mayfair Market 67,640 99 . Red Lion Motor Inn 16,752.00 . Columbia Basin College 22,355.00 Arbor Elms Apartments 58,017.00 Pasco Housing Authority 70,059.75 ' Port of Pasco (Airport) 18,572.97 Pasco School District 63,786.87 Flamingo Trailer Village 11,271.60 *Source City of Pasco - - 11 -5- THE'SEWER UTILITY Sewer Operating Statistics 1983 Sewer Treatment Plant Capacity Average Daily Treatment 4 2 (MOD) 2.1 (MOD) SEWER RATES On November 1, 1983, in conjunction with a water rate increase, the City enacted a sewer rate increase effective January 1, 1983 Monthly charges are as follows 1983 1982 Residential Charge $4.92 $4 65 Hotel & Motel Charge, per unit 1 59 1.50 Commercial Charge 4.92 4.65 Additionally, the monthly charge for commercial customers will be $0 212 per 100 cubic feet for all water used over 1,000 cubic feet per month. CITY OF PASCO WATER/SEWER UTILITY OPERATING STATEMENT (1) 1982 1981 1980 1979 1978 Operating Revenues Unmetered Sales $ 546,371 $ 385,686 $ 355,318 $ 330,721 $ 312,712 Metered Sales 1,256,392 1,053,414 995,421 884,961 747,188 Other Sales 34,747 16,361 50,152 14,697 30,475 Total Revenue $1,837,510 $1,455,461 $1,400,891 $1,230,379 $1,090,375 Adjustments (overbilling) (199,243)(3) (8,078: Adjusted Revenues $1,837,510 $1,455,461 $1,201,648 $1,230,379 $1,082,297 Operating Expenses Source of Supply $ 7,723 (2) $ 970 $ 2,029 $ 457 Pumping 21,726 $ 69,210 60,167 54,322 45,244 Water Treatment 314,412 271,401 191,973 162,961 152,416 Distribution 160,548 176,457 128,387 121,070 76,745 Customer Accounts 23,152 41,002 35,595 53,946 35,865 Administrative & General 324,820 395,688 261,201 246,559 223,363 Taxes 237,213 134,557 130,416 129,198 108,852 Total Expenses $1,089,594 $1,088,315 $ 808,709 770,085 $ 642,942 Net Operating Revenues $ 747,916 $ 367,146 $ 392,939 $ 460,294 $ 439,355 Actual Debt Service $ 157,515 $ 209,141 $ 207,649 $ 203,921 $ 206,007 Historical Coverage (1.40x required) 4.74X 1.75X 1.89X 2.26X 2 13X 1) Source - Annual Reports submitted to the State Auditor's office 2) Source of Supply dollar amount for 1981 was figured in with other expenses 3) Adjustments for overbillings which applied to prior years. CITY OF PASCO, WASHINGTON WATER & SEWER REVENUE BONDS, 1983 PROJECTED FLOW OF FUNDS Year Existing Debt Service This $800,000 Issue Total All Debt • Projected Net Revenue Coverage Principal Interest(1) 1983 $ 206,883 $ 78,680 $ 285,533 $ 748,000 2.61X 1984 205,116 $ 20,000 78,680 303,766 748,000 2.46X 1985 206,678 20,000 76,880 303,428 748,000 2.46X 1986 210,790 20,000 75,050 305,840 748,000 2.44X 1987 208,817 25,000 73,250 306,867 748,000 2.43X 1988 208,400 25,000 71,000 304,400 748,000 2.45X 1989 211,958 25,000 68,750 305,708 748,000 2.44X 1990 200,365 35,000 66,500 301,865 748,000 2.47X 1991 207,115 35,000 63,000 305,115 748,000 2.45X 1992 206,800 35,000 59,500 301,300 748,000 2.48X 1993 210,740 35,000 56,000 301,740 748,000 2.47X 1994 250,000 52,500 302,500 748,000 2.47X 1995 275,000 27,500 302,500 748,000 2.47X $2,283,462 $800,000 $847,200 $3,930,562 $9,724,000 (1) Various Interest Rates Assumed, 9 - 10%. . -7- GENERAL AND ECONOMIC The City of Pasco, County seat of Franklin County, is located at the junction of U.S. Highways 395 and 12 at the confluence of the Columbia and the Snake Rivers. It is 226 miles southeast of Seattle, 142 miles south of Spokane, 85 miles southeast of Yakima and 219 miles east of Vancouver, Washington. Pasco is one of the three cities that make up the Tri-Cities area, the other cities being Richland and Kennewick. POLULATION 1982 1981 1980 1979 1978 1977 City of Pasco 19,050 18,200 17,944 16,370 16,000 15,375 Franklin County 36,200 35,025 24,700 31,800 30,400 29,200 Tri-Cities 91,884 86,600 ' 85,919 79,730 74,914 70,063 SOURCE State of Washington, Office of Fiscal Management The Tr-Cities area is the location of the Hanford Nuclear Energy Works, whose peaceful applications of nuclear energy provide jobs for thousands. Rapidly undergoing diversification, numerous employers such as Atlantic Richfield Company, Exxon Nuclear, Westinghouse, Rockwell International, Battelle Northwest and Washington Public Power Supply System have located in the Tri-Cities area. The Washington Public Power Supply System, headquartered in Richland, Washington, had five nuclear electric generating projects under construction. Projects 1,2 and 4 are located at the Hanford Reservation north of Richland, while Projects 3 and 5 are located in Grays Harbor County in western Washington. On January 22, 1982 the Board of Directors of the Supply System voted to terminate Projects 4 and 5. The impact of termination upon the Tr-Cities economy was not significant because work on Project 4 had almost stopped by October of 1981, and the Supply System had also reduced its workforce by 15% in the same month. The 15% reduction affected approximately 275 people who were laid off in the Tri-Cities area. Effective on February 1, 1982, the Supply System undertook a 5% reduction of contractor personnel affecting a total of 890 employees, 600 of which were in the Tr-Cities area. On April 19, 1982 the Bonneville Power Administration requested that the Supply System Board of Directors undertake an extended construction delay of up to five years on Project #1. On April 30, 1982, the Supply System Board of Directors voted in favor of the Administration's request. The construction delay directly affected approximately 6,200 Project #1 employees. As of November 30, 1982 there were 798 employees working on Project #1 and employment levels are expected to drop to 500 by July 1, 1983. The Tr-Cities economy will probably be adversely affected. , Project #2, located on the Hanford Reservation, is 94% complete. Total workforce was 5,339, as of November 30, 1982, and is expected to drop to approximately 1,000 by the end of 1983 as construction is completed and only operational staff is maintained. TRI-CITIES INSURED UNEMPLOYMENT BENEFICIARY COUNT BY INDUSTRY (1) Oct. 1982 Sept. 1982 Oct. 1981 Percent Change Sept. '82- Oct '82 Oct. '81- Oct '82 Total 4,666 4,723 2,908 - 1 2 + 60.5 Construction 2,626 2,599 1,518 + 1 0 + 73.0 Food & Kindred Products 220 247 200 - 10.9 + 10.0 Metals & Machinery 40 27 26 + 48.1 + 53.8 Manufacturing 196 195 114 + 0.5 + 71.9 Transportation, Communications & Utilities 257 257 166 0 + 54.8 Wholesale & Retail Trade 607 628 348 - 3 3 + 74 4 Finance, Insurance & Real Estate 86 83 45 + 3 6 + 91.1 Services 539 585 384 - 7.9 + 40 4 Public Administration 42 42 48 0 - 12.5 All others 53 60 59 - 11.7 - 10.2 (1) Regular Entitlement - based on Standard Industrial Classification of principal employer in claimant's base year. SOURCE "Washington State Labor Area Summaries", Washington State Employment Security Department, November, 1982. lp., Pasco is the largest city in the million-acre Columbia Basin Project - one of the most richly productive farming areas in the world. Total gross crop return from irrigated project land was over $287 million in 1981. The annual gross value of farm products in Franklin Count was over $107 million in 1978, according to the last Census of Agriculture, with major crops being wheat, potatoes and alfalfa. There are varied manufacturing firms in the Pasco area Principal products are paper, container board, machine parts, heavy fabrication plants, french fried potatoes and asphalt. CITY OF PASCO STATISTICS Bank Deposits Tr-Cities Building Permits(3) Year Population(1) (millions) (2) Number Value 1982 19,050 552,090,202 414 $10,916,318 (Thru June 30) (Thru November) 1981 18,200 461.0 778 6,904,943 1980 17,944 432.2 756 24,909,873 1979 16,370 408.2 1,111 28,375,439 1978 16,000 351.7 817 11,583,161 1977 15,375 310.4 712 7,237,430 1976 14,618 277.2 959 16,308,486 (1) Source. State of Washington Office of Financial Management. (2) Source. Tr-Cities Bankers Association (includes time and demand depostis for Association members at December 30 of each year. 1982 cannot be directly compared with previous years because some Savings & Loans deposits are included). (3) Source: City of Pasco. In 1959, the Port of Pasco purchased a World War II Army depot now known as Big Pasco Industrial Park. This facility has 600 acres of land with several miles of railroad tracks and streets and over 1.5 million square feet of buildings. This space, comparable to almost sixteen city blocks of buildings, has been leased to firms to improve the job opportunities of the area. In August of 1982 the tenants employed 387 workers. The Port also owns and manages the Tri-Cities Airport and the Port Marine-Terminal. In 1979, the Port installed the first container crane facility on the upper river area for barging products to and from Pasco. Columbia Basin Container Inc. Which leases the Marine-Terminal, handles an average of over 2,200 containers each year with many of the containers being used to ship cowhides to Japan. Employment at the Airport and Marine-Terminal in August of 1982 was 328 and 93, respectively. Public schools in Pasco, including seven elementary, two junior high, one high and one alternative high school, have a total enrollment of 5,532 as of December 1, 1982 Columbia Basin College in Pasco, a two-year accredited college, offers vocational training as well as a night school program. The Joint Center for Graduate Study, located in Richland, is administered jointly by the University of Washington, Washington State University and Oregon State University and offers academic programs leading to advanced degrees. Whitman College (Walla Walla) and Walla Walla College (College Place) are both 4-year colleges approximately 50 miles distant. LABOR FORCE DATA RICHLAND-KENNEWICK-PASCO SMSA November 1982 Preliminary October 1982 November 1981 Revised Revised Labor Force 79,400 79,400 82,900 Employment 67,200 68,200 73,900 Unemployment 12,200 11,200 9,000 Rate 15.4% 14.1% 10.9% Source Washington State Employment Security Department.