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HomeMy WebLinkAbout3453• • ORDINANCE NO. 3453 AN ORDINANCE of the City Council of the City of Port Angeles, Washington, providing for the submission to the qualified electors of the City at an election to be held on August 7, 2012, of a proposition authorizing the City to issue its general obligation bonds in the aggregate principal amount of not to exceed $4,000,000 to improve, renovate, and equip Civic Field, and levy excess property taxes in connection therewith. WHEREAS, the City of Port Angeles, Washington (the "City ") currently owns and operates Civic Field, a multi - purpose sports field and stadium suitable for football, baseball and soccer, among other activities, which is in need of improvement and renovation; and WHEREAS, in February 2010, the City commissioned a facility assessment of Civic Field to quantify the necessary improvements and renovations and associated costs (the "Field Assessment "); and WHEREAS, the Field Assessment recommended replacing the grass field with synthetic turf, installing a new lighting system, installing a new boiler, and providing for other infrastructure needs at Civic Field (as further described in Exhibit A attached hereto, the "Civic Field Improvements "); and WHEREAS, in order to provide part all or a portion of the funds to finance the Civic Field Improvements, it is deemed necessary and advisable that the City issue and sell its unlimited tax general obligation bonds in the aggregate principal amount of not to exceed $4,000,000 (the "Bonds "); and WHEREAS, the Constitution and laws of the State of Washington provide that the question of whether such Bonds may be issued and sold for such purposes and taxes levied to pay such Bonds must be submitted to the qualified electors of the City for their ratification or rejection; NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PORT ANGELES, WASHINGTON, DO ORDAIN AS FOLLOWS: Section 1. Findings. The City Council hereby finds that the best interests of the residents of the City require the City to make the improvements and renovations identified in Exhibit A, which is incorporated herein by this reference, at the time, in the order and in the manner deemed most necessary and advisable by the City Council (the "Civic Field Improvements "). The total cost of the Civic Field Improvements is not expected to be less than $4,500,000. The cost of all necessary appraisals, negotiation, closing, architectural, engineering, financial, legal and other consulting services, inspection and testing, administrative and relocation expenses and other costs incurred in connection with the foregoing capital • • improvements shall be deemed a part of the capital costs of such improvements. Such improvements shall be complete with all necessary equipment and appurtenances. The City Council shall determine the exact specifications for the Civic Field Improvements as well as the timing, order and manner of completing the projects. The City Council may alter, make substitutions to and amend such project descriptions as it determines are in the best interests of the City and consistent with the general descriptions provided herein. The City Council shall determine the application of moneys available for the various Civic Field Improvements set forth above so as to accomplish, as nearly as may be, all of the Civic Field Improvements. If the City Council shall determine that it has become impractical to improve, renovate, acquire, or equip all or any portion of the Civic Field Improvements by reason of changed conditions, incompatible development, costs substantially in excess of the amount of bond proceeds or tax levies estimated to be available, or acquisition by a superior governmental authority, the City shall not be required to improve, renovate, acquire, or equip such portions. If all of the Civic Field Improvements have been constructed or acquired or duly provided for, or found to be impractical, the City may apply the Bond proceeds (including earnings thereon) or any portion thereof to other park and recreation capital purposes or to the redemption of the Bonds as the City Council, in its discretion, shall determine. In the event that the proceeds from the sale of the Bonds, plus any other money of the City legally available therefor, are insufficient to accomplish all of the Civic Field Improvements, the City shall use the available funds for paying the cost of those portions of the Civic Field Improvements deemed by the City Council most necessary and in the best interest of the City. Section 2. Authorization of Bonds. For the purpose of providing all or a part of the funds necessary to pay the costs of the Civic Field Improvements, together with incidental costs and costs related to the sale and issuance of the Bonds, the City shall issue and sell its general obligation bonds in the aggregate principal amount of not to exceed $4,000,000. The Bonds shall be issued in an amount not exceeding the amount approved by the electors of the City and not exceeding the amount permitted by the constitution and laws of the State of Washington. The balance, if any, of the cost of the Civic Field Improvements shall be paid out of any other legally available funds. The Bond proceeds (and earnings thereon) shall be used to pay the costs of the Civic Field Improvements, together with incidental costs and costs related to the sale and issuance of the Bonds, and shall not be used for the replacement of equipment or for a purpose other than a capital purpose. Section 3. Details of Bonds. The Bonds provided for in Section 2 hereof shall be issued in such amounts and at such time or times as deemed necessary and advisable by the City Council and as permitted by law. The Bonds may be issued in one or more series and shall bear interest payable at a rate or rates authorized by the City Council. The Bonds shall mature in such amounts and at such times within a maximum term of 21 years from date of issue of a series, all as authorized by the City Council and as provided by law. The Bonds shall be general obligations of the City and, unless paid from other sources, both principal of and interest on the Bonds shall be payable out of annual tax levies to be made upon all the taxable property within the City without limitation as to rate or amount and in excess of any constitutional or statutory • • tax limitations. The exact date, form, terms, maturities, covenants and manner of sale of the Bonds shall be as hereafter fixed by ordinance or ordinances of the City Council. After voter approval of the Bond proposition and in anticipation of the issuance of such Bonds, the City may issue short-term obligations as authorized by chapter 39.50 RCW. Section 4. Bond Election. It is hereby found that the best interests of the inhabitants of the City require the submission to the qualified electors of the City of a proposition authorizing the City to issue Bonds for the purposes of funding the Civic Field Improvements, at an election to be held on August 7, 2012. The Clallam County Auditor, Elections Department, as ex officio supervisor of elections in Clallam County, Washington, is hereby requested to assume jurisdiction of and to call and conduct the election to be held within the City and to submit to the qualified electors of the City the proposition hereinafter set forth. Such election shall be conducted by mail. The City Clerk is hereby authorized and directed, prior to May 11, 2012, to certify the proposition to the Clallam County Auditor, Elections Department in substantially the following form: CITY OF PORT ANGELES PROPOSITION NO. GENERAL OBLIGATION CIVIC FIELD IMPROVEMENT BONDS The City Council of the City of Port Angeles adopted Ordinance No. concerning a bond proposition for Civic Field. This proposition authorizes the City to improve and renovate Civic Field, including replacing the grass field with synthetic turf, installing a lighting system, installing a boiler, and making other capital improvements, renovations and upgrades; to issue general obligation bonds in the aggregate principal amount not to exceed $4,000,000, maturing within a maximum of 21 years; and to levy property taxes annually in excess of regular property tax levies to repay such bonds. Should this proposition be: APPROVED? REJECTED? Certification of such proposition by the City Clerk to the Clallam County Auditor, Elections Department, in accordance with law, prior to the date of such election, and any other acts consistent with the authority, and prior to the effective date, of this ordinance, are hereby ratified. • • Section 5. Effective Date. This ordinance shall take effect five days after its passage, approval and publication as required by law. PASSED by the City Council of the City of Port Angeles, Washington, at a regular meeting thereof held this 24th day of April, 2012. ATTEST: APPROVED AS TO FORM: a„, Pacifica Laws J/oup LLP, Bond Counsel Published: May 6, 2012 CITY OF PORT ANGELES, WASHINGTON ei,"_„-8,-,nk_ • • Exhibit A Civic Field Improvements • Replacing the existing grass field with synthetic turf, reconstructing and improving the drainage system, and acquiring synthetic turf related equipment; • Installing a new sports lighting system; • Installing an electric boiler or LP gas boiler, and installing certain or all domestic water piping; • Installing football stadium benches, improving and /or replacing handrails, and installing and /or improving football and baseball stadium wheelchair seating; • Painting the interior and exterior of the facility, replacing corrugated fiberglass panels, and replacing fiberglass panels on the North End Wall; • Improving and /or replacing the baseball backstop; • Acquiring and installing portable mounds in the baseball bullpens; • Improving and /or replacing existing dugouts to make handicapped accessible and for other purposes; • Renovating or replacing existing press boxes; • Installing a stadium PA System, cabling, speakers and amplifier; • Replacing exterior and interior light fixtures; • Upgrading and /or installing facility access and circulation system; • Upgrading and improving locker rooms; • Upgrading and improving restrooms; • Upgrading and improving concession stands; • Upgrading, improving and /or replacing the existing scoreboards and add a baseball -only panel; • Constructing a storage building for materials and equipment; • Improving and /or upgrading storm drainage facilities; • Improving, re- striping, resurfacing and /or reconstructing the parking lots; • Improving and installing perimeter landscaping and irrigation; • • • Improving and /or installing fencing; and • Making other capital improvements, acquisitions, renovations, and upgrades to and providing for other infrastructure needs at Civic Field. • CITY OF PORT ANGELES OFFICIAL BALLOT GENERAL OBLIGATION CIVIC FIELD IMPROVEMENT BONDS August 7, 2012 INSTRUCTION TO VOTERS: To vote in favor of the following proposition, place a cross (X) in the square opposite the word "APPROVED ?'; to vote against the following proposition, place a cross (X) in the square opposite the word "REJECTED ?." CITY OF PORT ANGELES PROPOSITION NO. GENERAL OBLIGATION CIVIC FIELD IMPROVEMENT BONDS The City Council of the City of Port Angeles adopted Ordinance No. concerning a bond proposition for Civic Field. This proposition authorizes the City to improve and renovate Civic Field, including replacing the grass field with synthetic turf, installing a lighting system, installing a boiler, and making other capital improvements, renovations and upgrades; to issue general obligation bonds in the aggregate principal amount not to exceed $4,000,000, maturing within a maximum of 21 years; and to levy property taxes annually in excess of regular property tax levies to repay such bonds. Should this proposition be: APPROVED? REJECTED? • • Summary of Ordinance Adopted by the Port Angeles City Council On April 24, 2012 Ordinance No. 3453 An Ordinance of the City Council of the City of Port Angeles, Washington, providing for the submission to the qualified electors of the City at an election to be held on August 7, 2012, of a proposition authorizing the City to issue its general obligation bonds in the aggregate principal amount of not to exceed $4,000,000 to improve, renovate, and equip Civic Field, and levy excess property taxes in connection therewith. The full texts of the Ordinances are available at City Hall in the City Clerk's office, on the City's website at www.cityofpa.us, or will be mailed upon request. Office hours are Monday through Thursday, 8:30 a.m. to 4:00 p.m., and Friday 8:30 a.m. to 12:30 p.m. These Ordinances shall take effect five days following the date of publication by summary. Publish: May 6, 2012 • Janessa Hurd City Clerk