HomeMy WebLinkAbout2837 AN ORDINANCE amending Ordinance No. 2744 of the City of
Bremerton, as amended by Ordinance No. 2762, adopting a
plan for the acquisitions, construction and installation
of certain additions and improvements to and extensions
of the combined water and sewerage system of the city;
declaring the estimated cost thereof and providing for
the payment of such cost; and providing for the issuance
of warrants against the same, and for the payment of cer-
tain monies therein; and DECLARING AN Fi~-RGENCY.
WHEREAS, the existing combined water and sewerage system of the City
of Bremerton, Washington (hereinafter called the "City") and particularly
the sanitary sewage collection and disposal portion of such combined sys-
tem, is in need of certain additions, improvements and extensions in order
to properly sup_ply the City, its inhabitants and people living in the vi-
cinity thereof with proper and necessary sanitary sewage collection and
disposal services; and
WHEREAS, in order to pay part of the cost of acquiring, constructing
and installing such additions and improvements to and extensions of such'
combined system it is deemed necessary and advisable that the City issue
and sell its water and sewer revenue bonds in the principal amount of not
to exceed $540,000;
NOW THEREFORE THE CITY OF BREMERTON DOES ORDAIN:
Section 1, Ordinance No, 2744, as amended'by Ordinance No. 2762, is
hereby amended to read as follows:
section 1. The plans of additions and improvements to and
extensions of the combined water & sewerage system of the
City and more particularly set forth in Ordinances numbered
2737, 2738, 2739 & 2740 all adopted on June 7th, 1967, and
Ordinances numbered 2787 & 2788 adopted on Mav 1st, 1968 and
2795 adopted on May 29th, 1968 and Projects numbered P2-66-S,
P8-66-S, Pl-66-S, P11-66-S, P7-66-S and PS.68-S and Ordinances
adopting the same are hereby, in all respects, accepted and.
adopted. The actual plans of additions, improvements to and
extensions of such combined system as set forth in said Or-
dinances are hereby referred to and by such reference made
a part of this ordinance as though fully Set forth herein.
Section 2. The estimated cost of acquiring, constructing
and installing the above provided for plans of additions
and improvements to and extensions of the combined water
and sewerage system of the City is hereby declared to be
as near as may be the sum of $600,000,, approximately'
$260,000. of which will be provided from local improvement
district assessments to be levied upon properties specially
benefited by the acquisition, construction and installation
of said improvements, The remaining approximate amount of
such Costs shall be provided from the proceeds of sale of
water and sewer revenue bonds of the City in the principal
amount of not to exceed $340,000.
As an integrel part of the plan for acquiring, construct-
ing and installing the above described additions and improve-
ments to and extensions of such combined system, the City
shall issue and sell such water and. sewer revenue bonds in
such amount or amounts and at such time or times as the City
Council may deem to be to the best interest of the City,
Page #2
Section 1 Continued--
The exact date or dates, form, terms, maturities and co~-
,enants of such bonds shall be as hereafter fixed by or-
dinance or ordinances of the City.
Section 3. That there be and is hereby created a special
fund of the City to be known as the '~/ater and Sewer Sys~
tern Construction Fund, 1967" into which shall be paid
(except for accrued interest) all of the proceeds of sale
of the above mentioned water and sewer revenue bonds, and
any other monies, except for local improvement district
assessments, which may be received, transferred or set
aside for the payment of the costs of the improvements
described in Section 1 hereof, In the event any other
funds or accounts of the City, other than local improve-
ment district funds, have advanced, money to pay any part
or all of the cost of such improvements of any of them,
such Funds or Accounts may be reimbursed directly out of
the proceeds of sale of such bonds or out of the proceeds
of sale of any warrants drawn on such Construction ~und,
~¢arrants in the total principal amount of not to ex-
ceed $340,000. bearing interest at a rate to be later
fixed by the City Council payable from the date of is-
suance thereof to date of redemption, may be drawn u~on
said Construction Fund from time to time on the authori-
zation of the City Council upon receipt by it of bills
approved by the City Engineer or by any engineer in his
department designated by him to approve such bills for
the purpose of providing funds to pay part of the cost of
the imp. rovements authorized in Section 1 hereof.
It is hereby further provided that the Construction
Fund shall stay in existence for as long as deemed ne-~
cessary, by the City Council in order to provide interi~
financing for improvements to be made to' the combined.~
water and sewer system of the City other than those Pro~
vided for herein.
Section 2. Because it is necessary to pay costs which the City has al-
ready incurred or will soon incur for the carrying out of the above provided.
for plans of additions and improvements to and extensions of its combined
water and sewerage system, and an emergency is hereby declared to eX~st
and it is hereby found necessary for the public health, welfare and .~afety
that this ordinance become effective immediately upon its passage, approVal
and publication as required by law.
PASSFD UNANIMOUSLY by the City Council of' the City of Bremerton,
lqashington, at a regular meeting hereof held this 20th day of Feb~a~,
signed by the Mayor, and. attested by the City Clerk in authenticatio~ of
such passage on said date.
CITY OF BRt~TON, WASHINGTON
ATrEST:
Approved as to Form:
~FTY--ATrO~