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RESOLUTION NO. Iji~'6
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A RESOLUTION of the City of Port Angeles, Washington,
providing for the issuance of bonds of Local
Improvement District No. 187 in the principal
sum of $79,488.15 and repealing Section 2 of
Resolution No. 20-65.
WHEREAS; by Ordinance No. 1564 passed and approved
June 24; 1965, Local Improvement District No. 187 of the city was
duly created; and
WHEREAS, the improvements provided by said ordinance
to be constructed in Local Improvement District No. 187 have
been completed; and
WHEREAS; the total cost of said improvements as
evidenced by warrants drawn on the Local Improvement District
No. 187 Fund created by said Ordinance No. 1564 plus accrued
interest thereon from the date of each warrant to the date of
the proposed redemption thereof is $110,065.74; and
vlliEREAS, the assessment roll in said district has been
confirmed by Ordinance No. 1592 passed and approved July 21, 1966
in the total amount of $110,065.74 of which $30,577.59 was
paid during the 3D-day period permitted by law for the payment
of assessments without penalty or interest; and
,
WHEREAS; it will be necessary for the city to now issue
bonds of said local improvement district in the principal sum
of $79,488.15 and to deliver said bonds together with $65.76
cash on hand in the Local Improvement District No. 187 Fund to the
holder of the outstanding Local Improvement District No. 187 Fund
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warrants in exchange therefor;
NOW, THEREFORE,_"BE IT RESOLVED by the Council of the
City of Port Angeles, Washington, as follows:
Section 1. That in order to redeem the outstanding
warrants which have been drawn on the Local Improvement
District No. 187 Fund of the city and issued for the payment of
tit: the costs of the improvements constructed in said local improvement
district~ the city shall now issue bonds of Local Improvement
District No. 187 in the principal sum of $79~488.15. Said bonds
shall be dated October l~ 1966~ shall be in denominations of
$1,000 each~ except for Bond: No. I which shall be in the denomination
of $488.15~ shall be numbered from 1 to 80 inclusive~ shall bear
interest at the rate of 4.75 per cent per annum payable annually
on October 1 of each year and shall mature October 1, 1978.
All of said bonds shall be payable in lawful money of the
United States of America at the office of the City Treasurer of
Port Angeles~ Washington. Said bonds shall be redeemable at
par~ in numerical order, on any interest payment date whenever
there shall be sufficient money in the Local Improvement District
No. 187 Fund to pay the same and all unpaid bonds of this local
improvement district which are prior in numerical order to the
last bond to be redeemed over and above an amount sufficient for
the payment of the interest next accruing on all the unpaid bonds
of this local improvement district.
Notice of such intended redemption shall be given by
one publication thereof in the official city newspaper not more
than twenty nor ~ess than ten"days prior to su~h redemption date.
Section 2. Said bonds shall be in substantially the
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following form:
UNITED STATES OF AMERICA
No.
($488.15)
$1,000
STATE OF WASHINGTON
CITY OF PORT ANGELES
2.
LOCAL IMPROVEMENT DISTRICT NO. 187
I
The City of Port Angeles~ a municipal corporation of
the State of Washington, hereby promises to pay to bearer
the sum of
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ONE THOUSAND DOLLARS
in lawful money of the United States of America, with interest
thereon from the date hereof until payment of the principal
sum has been made or duly provided for at the rate of 4.75%
per annum payable annually, upon presentation and surrender to the
City Treasurer of this bond and the annexed interest coupons
as they severally become due.
This bond, both principal and interest, is payable only
out of the Local Improvement District No. 187 Fund created by
Ordinance No. 1564 of the city, and from the Local Improvement
Guaranty Fund of the city created by Chapter 209~ Session
Laws, 1927. Neither the holder nor the owner of this bond shall
have any claim therefor against the City of Port Angeles except
for payment from the special assessments made for the improvement
for which said bond was issued, and except as against the
local improvement guaranty fund of the city and the city shall
not be liable to any holder or owner of this bond for any
loss to the guaranty fund occurring in the lawful operation
thereof by the city. The remedy of the holder or owner of a
bond in case of nonpayment, shall be confin~d to the enforcement
of the assessments and to the guaranty fund.
This bond is one of an issue aggregating in all the
principal sum of $79~488.l5, is payable on or before October 1,
1978, and is subject to call by the Treasurer of the City of
Port Angeles on any annual interest payment date whenever
there shall be sufficient money in said Local Improvement
District No. 187 Fund to pay the same and all unpaid bonds of
3.
this local improvement district which are prior in numerical
order to this bond, over and above an amount sufficient for
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the payment of the interest next accruing on the unpaid
bonds of this local improvement district.
In case this bond is called for payment before its final
maturity, each and every interest coupon not accrued at
the time of such payment shall be void. Call for payment
of this bond shall be made by the City Treasurer by one
publication of such call in the official city newspaper not
more than twenty nor less than ten days prior to said call
date, and when such call is made this bond shall be paid on
the day the next interest coupon thereon shall become due
after such call.
IN WITNESS WHEREOF, the City of Port Angeles, Washington
has caused this bond to be signed by its Mayor and attested
by its Clerk under the corporate seal of the city and has
caused the interest coupons hereto attached to be executed
with the facsimile signatures of said officials this lst day
of October, 1966.
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CITY OF PORT ANGELES, WASHINGTON
By L?Ad1z. /J?%~~
Mayor
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The interest coupons to be attached to said bonds shall be in
substantially the following form:
($23.19)
No. $47.50
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On the 1st day of Oct"ober, 19 , the City of
Port Angeles, Washington, will pay the bearer at the
office of the City Treasurer the sum of Forty-seven and
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50/100 Dollars in lawful money of the United States of
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America out of the Local Improvement District No. 187 Fund
of the city, said su~?eing the interest due that date
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on bond numbered ____ of Local Improvement District No.
187 of the city. This coupon is subje~t to all the terms
and conditions contained in the bond to which it is
attached.
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ATTEST:
CITY OF PORT ANGELES, WASHINGTON
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M yor
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City Clerk
Section 3. The bonds shall be signed by the Mayor and
City Clerk under the corporate seal of the city and the interest
coupons shall bear the facsimile signatures of said officials.
The appropriate city officials are hereby authorized to do every-
thing necessary for the prompt printing, issuance and delivery
of said bonds and the proper application of the proceeds thereof.
Section 4. Section 2 of Resolution No. 20-65 passed
September 2, 1965 is hereby repealed and the bonds shall be sold
to and purchased by the Firemen1s Pension Fund of the city at
a price of par plus accrued interest to date of delivery and on
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the terms provided herein.
PASSED.by the Council of the City of Port Angeles,
Washington, at a regular meeting of said CoUncil held on the
15th day of September, 1966.
CITY OF PORT ANGELES, WASHINGTON
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IMPROVEMENT RESOLUTION NO. 189-A
A RESOLUTION of the Council of the City of Port
Angeles, Washington, declaring the intention
of the City Council to improve a certain area
within the City by the grading, ballasting and
paving of certain streets and alleys therein, ','
the construction of curbs and gutters where
necessary in connection therewith, and fixing
a time, date and place for the hearing on t~is
resolution of intention.
BE IT .RESOLVED BY THE CITY COUNCIL OF THE CITY OF
PORT ANGELES, WASHINGTON, as follows:
Section 1. That it is the intention of the City
Council of the City of Port Angeles, Washington, to order the
improvement of the area within the City described as follows:
Lots 11 through 20 in Block 256, Lots 1 through 20
in Block 303 and Lots 1 through 10 in Block 316,
all in the Townsite of Port Angeles, Clallam County,
. Washington. .
by grading, ballasting.,and paving the streets and alley described
-below in this section, by the construction of curbs and gutters
where same do not exist, to relocate or extend existing utilities.
and perform all other work necessary in connection with the im-
provements described in this resolution.
The following described streets and alley shall be im-
proved by 'grading, ballasting where necessary,' c~:mstructing curbs
and gutters where necessary, and paving' with two inch compacted
Bituminous Plant Mix:
Ninth Street from the Westerly Margin of E.Street~
to' the Easterly Margin of F Street.
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Tenth Street from the Westerly Margin b~ E Street
to the Easterly Margin of F Street.
Alley between Ninth and Tenth Streets from E Str~et
to F Street.
Section 2. The City's engln~ers are hereby directed
to submit to the Council at or prior to the date fixed for the
hearing on this resolution a.statement of the estimatep cost and
expense of such improvements, the portion of such cost to be
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borne by the property within the proposed improvement district,
the local improvement district assessments outstanding and unpaid
against the property therein, and tQe aggregate actual valuation
of the real estate, including 25% of the actual valuation of the
improvements in the proposed district according to the valuation
last placed upon it for the purposes of general taxation, together
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with a diagram or print showing thereon the lots, tracts, parcels
of land and other property which will be specially benefit~d by
said improvements, and the estimated amount of the cost ,and expense
thereof to be borne by each lot, tract or parcel of land or other
property within the proposed improvement district.
Section 3. All persons who may desire to object to the
formation of such improvement district are hereby notified to
appear and present such objections at a meetin~ of the City Council
to be held in the Chambers of the City Council, 140 N. Oak Street,
,
Port Angeles, Washington~ at 8:00 P.M. on March 6, 1969, which time
and place are hereby fixed for hearing of matters relating to said
proposed improvements and all objections thereto, and for determin-
ing the method of paying for said improvements.
The City Cl~rk and Engineers are hereby directed to
prepare and give notice of such hearing in the manner required by
law.
PASSED by the Council of the City of Port Angeles,
Washington, and approved by its Mayor at a regular meeting of said
Council this 6th day of February, 1969.
ATTEST:
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City Clerk
APPROVED AS TO FORM:
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~, BEULAH B. McNEECE, the duly qualified and actin~
City Clerk of the City of Port Angeles, Washington, DO HEREBY
CERTIFY that the foregoing resolution is a true and correct
copy of Resolution No. 189-A of said city, duly adopted by its
Council and approved by its Mayor at a regular meeting of said
Council held on the 6th day o~ February, 1969..
. City. Clerk
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