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HomeMy WebLinkAbout2699CITY OF PORT ANGELES, WASHINGTON GENERAL OBLIGATION BONDS ORDINANCE NO. 2699 AN ORDINANCE providing for the submission to the qualified electors of the City of Port Angeles, Washington, at a special election to be held therein on September 15, 1992 of a proposition authorizing the City to issue its general obligation bonds in the aggregate principal amount of $1,975,000 for the purpose of constructing and equipping addi- tions and improvements to the City of Port Angeles Fire Station Headquarters and providing for the annual levy and collection of taxes for such purposes if approved. PASSED JULY 21, 1992 Recitals TABLE OF CONTENTS* Section 1. Findings Page 1 1 Section 2. Fire Station Headquarters Plan 2 Section 3. Project Funding 3 Section 4. Bond Election 4 Section 5. Severability 5 Section 6. Effective Date 6 -i- FW091 92/07/16 ORDINANCE NO. 2699 AN ORDINANCE providing for the submission to the qualified electors of the City of Port Angeles, Washington, at a special election to be held therein on September 15, 1992 of a proposition authorizing the City to issue its general obligation bonds in the aggregate principal amount of $1,975,000for the purpose of constructing and equipping additions and improvements to the City of Port Angeles Fire Station Headquarters and providing for the annual levy and collection of taxes for such purposes if approved. WHEREAS, it is necessary to construct and equip additions and improvements to the City of Port Angeles Fire Station Headquarters to meet the needs of the citizens of the City of Port Angeles; and WHEREAS, to provide financing for such improvements to the Fire Station Headquarters, it is deemed necessary and advisable that the City issue and sell its general obligation bonds in the principal amount of $1,975,000; and WHEREAS, the Constitution and laws of the State of Washington provide that the question of whether or not such general obligation bonds may be issued and sold for capital purposes must be submitted to the qualified electors of the City for their ratification or rejection; and NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF PORT ANGELES, WASHINGTON, AS FOLLOWS: Section 1. Findings. The City Council hereby makes the following findings: The existing Fire Station Headquarters of the City is inadequate to serve present and projected needs. An improved facility, as provided for herein, is required to provide needed services to the residents of the City. The best interests of the inhabitants of the City require the City to carry out the plans hereinafter provided at the time or times, in the order and in the manner deemed most necessary and advisable by the Council. Section 2. Fire Station Headquarters Plan. The City hereby adopts the following plan of improvements and hereby orders the following capital improvements (the "Project ") subject to voter approval as specified herein. The City shall reconstruct, equip and improve, and construct and equip additions and improvements to, the existing Fire Station Headquarters. Such facilities shall be as more fully set forth in preliminary plans therefor now on file with the City. The cost of all necessary architectural, engineering and other consulting services, inspection and testing, administrative and relocation expenses and other costs incurred in connection with the making of the foregoing capital improvements shall be deemed a part of the costs of such improvements. Such improvements shall be complete with all necessary furniture, equipment, parking and appurtenances. By ordinance of the City, the Council may alter, make sub- stitutions to and amend such project descriptions as it determines is in the best interests of the City and consistent with the general descriptions provided herein. -2- FW091 92/07/16 By ordinance of the City, the Council shall determine the application of moneys available for the Project set forth above so as to accomplish, as nearly as may be, all improvements described as part of such Project. The City shall determine the exact extent and specifications for construction of structures or other improvements. If the City Council by ordinance shall determine that it has become impractical to accomplish any of such improvements or portions thereof by reason of changed conditions or needs, incompatible development, costs substantially in excess of the amount of bond proceeds or other funds estimated to be applied thereto, or acquisition by a superior governmental authority, the City shall not be required to accomplish such improvement. If any or all of the improvements of the Project have either been completed, or their completion duly provided for, or their completion found to be impractical, the City may apply the bond proceeds or any portion thereof to such similar capital purposes of the City as may be permitted by law or to redemption of the bonds as the Council, by ordinance and in its discretion, shall determine. None of the proceeds of the Bonds shall be expended for the replacement of equipment or for other than a capital purpose. Section 3. Project Funding. For the purpose of providing funds necessary to pay a portion of the capital costs of the Project as authorized in Section 2 of this ordinance, the City hereby authorizes the issuance of its unlimited tax levy general -3- FW091 92/07/16 obligation bonds in the aggregate principal amount of $1,975,000. The bonds shall be issued in such amounts at such time or times as found necessary and advisable by the legislative authority of the City; may be issued in one or more series; may be combined with other authorized general obligation bonds of the City and issued and sold as single issues of City bonds; and shall bear interest payable at a rate or rates not to exceed a maximum rate authorized by the legislative authority of the City. The bonds shall mature in such amounts and at such times within a maximum term of 20 years from date of issue, but may mature at an earlier date or dates as authorized by the legislative authority of the City and as provided by law. The exact date, form, terms, options of redemption, maturities and conditions of sale of the bonds shall be as hereafter fixed by ordinance or ordinances of the legislative authority of the City passed for such purpose. Section 4. Bond Election. It is hereby found and declared that an emergency exists requiring the submission to the qualified electors of the City of a proposition of whether or not the City shall issue bonds for the purposes specified in this ordinance at a special election to be held therein on the 15th day of September, 1992. The Clallam County Auditor as ex officio supervisor of elections is hereby requested also to find the existence of such emergency and to assume jurisdiction of and to call and conduct said special election to be held within the City and to submit to -4- FW091 92/07/16 the qualified electors of the City the proposition hereinafter set forth. The City Clerk is hereby authorized and directed, not less than 45 days prior to September 15, 1992, to certify the following proposition to the Clallam County Auditor: PROPOSITION NO. Fire Station Headquarters Bonds- $1,975,000 To remodel, and construct and equip additions and improvements to, the Port Angeles Fire Station Headquarters, shall the City of Port Angeles issue $1,975,000 of general obligation bonds maturing within a maximum term of 20 years from the date of issue, and shall annual tax levies in excess of regular property tax levies be authorized to pay the principal of and interest on such bonds, all as provided in City Ordinance No. BONDS, YES [ BONDS, NO [ The polls for such special election shall be open from 7 :00 a.m. to 8:00 p.m. Certification of such proposition by the Clerk of the City to the Clallam County Auditor, in accordance with law, prior to the date of such election on September 15, 1992, and any other act consistent with the authority and prior to the effective date of this ordinance, are hereby ratified and confirmed. Section 5. Severability. In the event any one or more of the provisions of this ordinance shall for any reason be held to be invalid, such invalidity shall not affect or invalidate any other provision of this ordinance or the bonds, but this ordinance and -5- FW091 92/07/16 the bonds shall be construed and enforced as if such invalid provision had not been contained therein; provided, that any provision which shall for any reason be held by reason of its extent to be invalid shall be deemed to be in effect to the extent permitted by law. Section 6. Effective Date. This ordinance shall become effective five days after passage and publication, as provided by law. PASSED by the Council of the City of Port Angeles at a regular meeting thereof, held this 21st day of July, 1992. ATTEST: CITY OF PORT GELES, WASHINGTON Publish: July 26, 1992 (By Summary) -6- FWW091 92/07/16 CERTIFICATE I, the undersigned, Clerk of the City of Port Angeles, Washington (the "City "), and keeper of the records of the City Council (herein called the "Council "), DO HEREBY CERTIFY: 1. That the attached ordinance is a true and correct copy of Ordinance No. 2699 of the Council (herein called the "Ordinance "), duly passed at a regular meeting thereof held on the 21st of July, 1992. 2. That said meeting was duly convened and held in all respects in accordance with law, and to the extent required by law, due and proper notice of such meeting was given; that a legal quorum was present throughout the meeting and a legally sufficient number of members of the Board voted in the proper manner for the passage of said Resolution; that all other requirements and proceedings incident to the proper passage of said Ordinance have been duly fulfilled, carried out and otherwise observed; and that I am authorized to execute this certificate. IN WITNESS WHEREOF, I have hereunto set my hand this 21st day of July, 1992. ') -17) t fl(e, ALic Clerk, City Of Port Angeles T Summary of Ordinances Adopted by the Port Angeles City Council on July 21. 1992 Ordinance No. 2698 This Ordinance of the City of Port Angeles amends Ordinance 2469 and PAMC 8.04.020(d) and 8.04.050 and establishes procedures for abatement and removal of junk vehicles. Ordinance No. 2699 This Ordinance of the City of Port Angeles provides for the submission to the qualified electors of the City of Port Angeles at a special election to be held on September 15, 1992, of a proposition authorizing the City to issue its general obligation bonds in the aggregate principal amount of $1,975,000 for the purpose of constructing and equipping additions and improvements to the City of Port Angeles Fire Station Headquarters. Ordinance No. 2700 This Ordinance of the City of Port Angeles amends Ordinance 2054, as most recently amended by Ordinance 2660, and amends Section 13.12.090 of the PAMC by changing the City Light Department service charges. The full texts of the Ordinances are available at City Hall in the City Clerk's office or will be mailed upon request. Office hours are Monday through Friday from 8:00 a.m. to 5:00 p.m. The Ordinances will take effect five (5) days after publication of this summary. Publish: July 26. 1992 Dorothy J. McFarland Deputy City Clerk