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HomeMy WebLinkAbout1444k • CITY OF PORT ANGELES, WASHINGTON ORDINANCE NO. 1 '0( AN ORDINANCE specifying and adopting a system or plan of additions to and better- ments and extensions of the domestic water- works utility of the City of Port Angeles, Washington; declaring the estimated cost thereof as near as may be; providing for the issuance and sale of not to exceed $2,000,000.00 par value of water revenue bonds in one or more series to obtain funds with which to pay the cost of said system or plan; creating a special fund to provide for the payment of said bonds; authorizing and directing the City officials to proceed with the improvement; and ratifying the action of the City Council in heretofore calling for bids on a portion of the improvement. BE IT ORDAINED BY THE MAYOR AND CITY COUNCIL OF THE CITY OF PORT ANGELES, WASHINGTON, as follows: Section 1. The existing domestic waterworks utility of the City of Port Angeles is, in part, in such condition that the public health, welfare, safety and convenience require, and it is advisable, that the additions to and betterments and exten- sions of the domestic waterworks utility of the City hereinafter provided for be made. The words "waterworks utility of the City" shall hereinafter mean the domestic water system of the City solely and shall not be deemed to include the Elwha Industrial Water System. Section 2. The gross revenues and benefits to be derived from the operation and maintenance of the waterwork util- ity of the City and the additions, extensions and betterments thereto herein provided for at the rates to be charged for water on the entire domestic utility will, in the judgment of the City Council, be more than sufficient to meet all expenses of opera- tion and maintenance thereof and to permit the setting aside into a special fund out of the gross revenues of the waterworks util- ity of the City of sufficient amounts to pay interest on the bonds herein authorized to be issued as such interest becomes due and payable, and to pay and redeem all of said bonds at maturity. Section 3. The City of Port Angeles hereby specifies and adopts a system or plan for making additions to and better - ments and extensions of the existing waterworks utility of the City, all as more particularly set forth in "Exhibit A," attached hereto and by this reference incorporated herein. There shall be included in the foregoing the acquisi- tion and installation of all necessary valves, fittings, couplings, connections, equipment and appurtenances, and the acquisition of any easements, rights -of -way, water rights, and land that may be required; and there shall be included the performance of such work as may be incidental and necessary to the foregoing con- struction and installation. The City Council may modify the details of the foregoing system or plan where in its judgment it appears advisable, pro- vided such modifications do not substantially alter the purposes hereinbefore set forth. Section 4. The life of the foregoing additions, better- ments and extensions is hereby declared to be at least thirty years. Section 5. The estimated cost, as near as may be, of the aforesaid system or plan of additions, extensions and better- ments is hereby declared to be $2,000,000.00. Section 6. The cost of acquiring, constructing and making the foregoing additions to and betterments and extensions of the waterworks utility of the City shall be paid from the - 2 1 proceeds received from the issuance and sale of water revenue bonds in an amount of not to exceed $2,000,000.00 par value. It is the intention of the City to acquire and construct and com- plete such portions of the foregoing system or plan of additions to and betterments and extensions of the waterworks utility of the City as from time to time the City Council shall deem advis- able. The bonds shall be issued in one or more series at such times as the City Council shall deem advisable. The bonds shall be entitled "Water Revenue Bonds, 1960," with series designation following, if issued in series. The bonds shall bear interest at a rate or rates not to exceed 6% per annum, payable semi- annually, and shall be numbered from "one" upward, consecutively, within each series as issued. The bonds shall be issued in such series; shall be in such denominations and form; shall bear such date or dates and interest rate or rates; shall be payable at such place or places; shall mature serially in accordance with such schedule, beginning not earlier than one year after date of issuance and ending not later than thirty years thereafter or shall be term bonds; shall have such option of payment prior to maturity; shall guarantee such coverage and collection of rates; shall provide for such additional funds and accounts; and shall contain and be subject to such provisions or covenants as shall be hereafter provided by ordinance. Section 7. There shall be and hereby is created and established in the office of the Treasurer of the City of Port Angeles a special fund to be known as "Water Revenue Bond Fund, 1960," which fund is to be drawn upon for the sole purpose of paying the principal of and interest on the bonds, and on any bonds which may be hereafter issued on a parity of lien with the bonds authorized herein under such terms and conditions as the City Council may hereafter prescribe. From and after the 3- are • 1 date of issuance of said bonds and so long thereafter as bonds are outstanding against said "Water Revenue Bond Fund, 1960," the City Treasurer shall set aside and pay into such fund out of the gross revenues of the waterworks utility now belonging to or which may hereafter belong to the City, including all additions, extensions and betterments thereof at any time made, a fixed amount without regard to any fixed proportion, namely, an amount sufficient to pay the principal of and interest on all bonds pay- able out of said fund as they respectively become due and to create such surplus and reserve, if any, that may hereafter be prescribed by ordinance. The gross revenues from the said system are hereby pledged to such payment and the bonds herein authorized shall constitute a charge or lien upon such revenues prior and superior,to any other charges whatsoever, excluding charges for maintenance and operation, PROVIDED, HOWEVER, that if the City Council shall hereafter make provision for the issuance of bonds on a parity with the bonds herein authorized to be issued upon such terms and conditions as the City Council may hereafter pre- scribe, the charge or lien upon such gross revenues for the bonds herein authorized shall be on a parity with the charge or lien upon such gross revenues for such additional parity bonds. Section 8. The City Council and corporate authorities of the City of Port Angeles, Washington, hereby declare that in creating the said special fund and in fixing the amounts to be paid into it, as set forth herein, they have exercised due regard for the cost of operation and maintenance of the waterworks util- ity of the City, and the City of Port Angeles has not bound and obligated itself and will not bind and obligate itself to set aside and pay into such special fund a greater amount or propor- tion of the revenues of the waterworks utility of the City than -4 in the judgment of the City Council will be available over and above such costs of maintenance and operation, and that no por- tion of the revenues of the waterworks utility of the City has been previously pledged for any other indebtedness. Section 9. The proceeds of the sale of the foregoing bonds shall be used for the sole purpose of making the additions to and betterments and extensions of the waterworks utility of the City as herein authorized and of paying the cost and expense connected therewith, and the City of Port Angeles, through its proper officers and agents, shall proceed with the making of said improvements and the calling of bids therefor in the manner pro- vided by law; PROVIDED, HOWEVER, that the action of the City Council in heretofore calling for bids for the construction of the two reservoirs described in subparagraphs 1 and 2 and the items described in subparagraphs 7, 8, 9 and 10 in "Exhibit A," attached hereto, is in all respects ratified, approved and con- firmed. PASSED by the City Council of the City of Port Angeles, Washington, and APPROVED by its Mayor at a regular meeting held on the 3rd day of December, 1959. ATTEST:. C.h-° ��rr�Lfir CITY CLERK ?u bl:sh ed Dec, /0//F- - 5 - EXHIBIT "A" The City shall construct and install reservoirs, supply line and connecting lines of the approximate size and location hereinafter set forth: 1. 2- million - gallon Reservoir located at 9th and Jones Street. 2. 7- million- gallon Reservoir located on the east bank of Tumwater Canyon adjacent to the south boundary of Section 16, Township 30N, Range 6 WWM. 3. A supply line consisting of approximately 18,700 lineal feet of 24 -inch concrete cylinder, steel or other substantial and permanent pipe and 17,700 lineal feet of 20 -inch concrete cylinder, steel or other sub- stantial and permanent pipe. The new supply line to be located parallel to the existing supply line which runs from Morse Creek Dam in a north- westerly direction to the existing Reservoir No. 1 located on Peabody Heights. 4. A 30 -inch concrete cylinder, steel or other substantial and permanent connecting line from Reservoir No. 1 north to Park Avenue, a distance of approximately 1,170 feet; thence a 24 -inch line north to Lauridsen Boulevard and Albert Street, a distance of approximately 1,370 feet. 5. A 24 -inch concrete cylinder, steel or other substantial and permanent connecting line intersecting the 30 -inch line on Park Avenue; thence west on Park Avenue to the new 7- million - gallon reservoir, a distance of approximately 7,200 feet. 6. A 20 -inch concrete cylinder, steel or other substantial and permanent connecting line from the new 7- million - gallon reservoir; thence north along Miller Street, a distance of approximately 600 feet; thence northwesterly across Tumwater Canyon to the west bank, a distance of approximately 700 feet; thence west 300 feet to "C" Street Extension; thence north on "C" Street Extension, a distance of. approximately 2,670 feet; thence westerly on Lauridsen Boulevard, a distance of approximately 1,030 feet; thence north on "E" Street, a distance of approximately 3,180 feet to the existing Reservoir No. 2 located at Ilth and "E" Street. 7. A 16 -inch concrete cylinder, steel or other substantial and permanent outlet line from the new 2- million- gallon reservoir west on 9th Avenue, a distance of approximately 550 feet. 8. A 14 -inch concrete cylinder, steel or other substantial and permanent inlet line from the new 2- million - gallon reservoir west on 9th Avenue, a distance of approximately 230 feet. 9. An 8 -inch steel or cast -iron pipe drain line from the 2- million- gallon reservoir to a manhole on 9th Avenue, a distance of approximately 400 feet. -2- 10. A 12 -inch concrete overflow line from the 2- million- gallon reservoir to a manhole on 9th Avenue, a distance of approximately 400 feet; thence east on 9th Avenue 180 feet. 11. Valve pits, manholes, meter pits, and other appurtenant structures for the facilities.