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HomeMy WebLinkAbout4694 CITY OF BREMERTON, WASHINGTON ORDINANCE NO. 4694 AN ORDINANCE of the City of Bremerton, Washington, relating to City parks and recreational facilities; providing for the incurring of indebtedness, issuing of bonds and levying of excess taxes for the purpose of paying the cost of the purchase of real property, development, construction, and improvement of City park and recreational facilities; declaring the cost of such purchase, development, construction, and improvement as nearly as may be estimated; providing for the borrowing of a total not to exceed $16,500,000; and selling general obligation bonds to pay the cost thereof, such bonds to be payable by annual property tax levies to be made in excess of regular property tax levies; and providing for the submission of the proposition of incurring such indebtedness, issuing such bonds and levying such taxes to the registered voters of the City at a special election to be held therein on May 16, 2000. WHEREAS, the City of Bremerton, Washington (the "City"), is in need of the purchase of real property, development, construction, and improvement of City parks and recreational facilities for the public health, welfare and convenience; and WHEREAS, the City does not have available sufficient funds to meet the estimated cost of such improvements, NOW, THEREFORE, THE CITY OF BREMERTON DOES ORDAIN: Section 1. The City shall acquire real property, develop, construct, and improve City parks and recreational facilities, including a Recreation Center to be located at Sixth Street and Pacific Avenue; and the cost of which, including the cost of issuing and selling the bonds provided for in this ordinance, is declared to be, as nearly as may be estimated, $16,500,000, as set forth in Exhibit A, incorporated herein by this reference. Section 2. The City shall borrow not to exceed $16,500,000 on the credit of the City, and shall issue and sell its general obligation bonds therefor for strictly municipal capital purposes other than the replacement of equipment, to provide the funds for the purposes specified in Section 1 of this ordinance. Costs of engineering, planning, financial, legal and other services lawfully incurred incident to the purposes specified in Section 1 of this ordinance shall be appropriate capital costs to be paid from the proceeds of the bonds provided for by this ordinance. Section 3. The general obligation bonds authorized by this ordinance shall bear interest, and shall mature within twenty years from date of issue, but may mature within a lesser time in such amounts, and shall be sold in such manner, as the City Council shall determine. The life of the improvements to be acquired by the issuance of the bonds is found to be at least twenty years. The bonds shall be paid by annual property tax levies made in excess of regular property tax levies, without limitation as to rate or amount, sufficient in amount to pay the principal of and interest of the bonds when due, and the bonds shall so provide. The date, interest rate or rates, maturities, option of prior redemption, form and covenants of the bonds shall be fixed hereafter by ordinance of the City Council, and the bonds shall be issued and sold when required in one or more series, and may be combined with any other series of authorized general obligation bonds. Pending the issuance of the bonds and receipt of proceeds thereof, the City Council may authorize interim interest-bearing warrants or other short-term obligations to pay for carrying out the purposes of the bonds, and the costs of such warrants or short-term obligations shall be included in the costs of those purposes. Section 4. The City Council shall establish reasonable fees for facility usage to offset anticipated operating costs of the parks and recreational facilities to be acquired, developed, constructed and improved with the proceeds of the bonds provided for by this ordinance. Section 5. The Auditor of Kitsap County, Washington, as ex officio Supervisor of Elections, by subsequent Resolution will be requested to call and conduct a special election to be held in the City on May 16, 2000, for the purpose of submitting to the registered voters of the City for their approval the question of whether or not the City shall borrow an amount not to exceed $16,500,000, issue its general obligation bonds therefor for capital purposes only, other than replacement of equipment, and levy excess taxes necessary to redeem the bonds as herein set forth. Section 6. The City will by subsequent Resolution request the Auditor of Kitsap County, Washington, as ex officio Supervisor of Elections, at least 45 days prior to May 16, 2000, to call a special election to be held on that date, a copy of this ordinance and the proposition to be submitted at that special election in the form of a proposed ballot title as follows: PROPOSITION NO. 1 PARKS AND RECREATIONAL FACILITIES IMPROVEMENT AND DEVELOPMENT BONDS - $16,500,000 Shall the City of Bremerton, Washington, borrow $16,500,000 to acquire real property, develop, construct, and improve City parks and recreational facilities, including a Recreation Center to be located at Sixth Street and Pacific Avenue, by issuing and selling general obligation bonds therefor maturing within twenty years, levy annual excess property taxes necessary to redeem the bonds and establish fees necessary to fund operating expenses of the facilities, all as provided in Ordinance No.46947 BONDS AND FEES... YES o BONDS AND FEES... NO o L~./~,~z.~_~APPROVED by the City Council on first reading this ~ day of ,2000. PASSED by the City Council of the City of Bremerton, signed by the Mayor and attested to by the City Clerk in authentication of such passage this ~ day 2000. CAROL ARENDS, Council President ~ ~.._. ~ ~/. kY~~ H~RTON, Mayor ATTEST: KATHLEEN L. McCLUSKEY, Cl~k EXHIBIT A Parks and Recreational Facilities Improvements New Recreation Center Construct a 60,000 square foot state-of-the-art Recreation Center on the southwest comer of Sixth Street and Pacific Avenue with: complete aerobic and workout facilities; a fully equipped gymnasium; climbing wall; indoor track; indoor year-round water park; meeting rooms; banquet facilities; special areas for tots, youth, teens and seniors; and on-site parking. Funding is to be provided from voter-approved GO bonds. Facility would open in Spring of 2002. Cost: $15,000,000 Sheridan Park Solicit proposals for Sheridan Park from private service providers for operation and maintenance of the facility, with emphasis (if possible) on senior services. If no acceptable proposals are received, market property for private development. Cost: None Senior Center in Manette If an acceptable proposal for Sheridan Park can meet senior programming needs, transfer Manette's programs to Sheridan Park. If no acceptable proposals for Sheridan Park are received, schedule active Senior programs (badminton, pickle-ball, Senior Fair, etc.) at new Recreation Center; make modest improvements to Manette (including additional parking); and transition remaining programs into new Recreation Center over a 10 year period. Cost: $100,000 from bond proceeds and $50,000 from other sources. Jarstad Aquatic Center Continue to work in partnership with YMCA to improve efficiency and cost-effectiveness of operations and maintenance of facility. Complete necessary repairs and upgrades, and continue to provide public access to pool. Cost: $500,000 Pendergast Regional Park Develop multi-purpose athletic fields for youth and adult activities at Pendergast Regional Park with funding provided as part of the voter-approved GO bonds. Cost: $750,000 Park maintenance operations Vacate existing facilities at Sheridan Park; expand and beautify waterfront park property on the south/west side of Lebo Boulevard; move maintenance operations to NAD Park (utilizing the site of the log home for office and storage facilities) or to Stephenson Canyon (adjacent to the existing nursery). Cost: $150,000