HomeMy WebLinkAbout2918 ORDINANCE NO..
AN ORDINANCE ame~'~%ng Ordi~R~n~e'Nb. 2894 of the City of
Bremerton so as ~'o' provide f.or an increased authorization
to pay costs for c.onstructing~nd installing additions
and improvements<to and extensions of the combined water
an~ s~werage srSre~ of the ¢lty of Br~merton; and d~laring
an emergency. _',.
~ c~ or ~E~E~ON DOES~'~Z~N:
Section 1. Section 1 of Ordinance No. 2894 is hereby amended
to read as follows:
Section 1. Section 2 of Ordinance No. 2837, as amended by
Ordinances Nos. 2744, 2762 and 2862, is hereby amended to read as follows:
Section 2. The estimated cost of acquiring, constructing
and installing 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
$1,200,000.00, approximately $330,000.00 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 improve-
ments. The remaining approxima..~a 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 $850,000.00.
As an integral part of the plan for acquiring, constructing
ahd installing the above-described additions and improvements
to and extensions of such combined, system, the City shall issue
and sell such water h~d. sewer reyen~e 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.
~.. ~f . .~..i~~,
· . ordinances of the City.
advanced money to pay a~y part:for all of the cost of such improve-
directly out of the ~0 of s~e ,of such bonds or out of the
proceeds of sale of any warra~t~ dr~w"r~ on such Construction ~und.
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Warrants in the total principal amount of not to exceed
$850,000.00, bearing interest at a rate to be later fixed
by the City Council payable from the date of issuance
thereof to date of redemption, may be drawn upon said
Construction Fund from time to time on the authorization
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 improve-
ments authorized in Section 1 hereof.
It is hereby further provided that the Construction Fund
shall stay in existence for as long as deemed necessary by
the City Council in order to provide interim financing for
improvements to be made to the combined water and sewer
system of the City other than those provided for herein.
Section 2. Because it is necessary to pay costs which the
City will soon incur for the carrying out of the above additions
and improvements to and extensions of its combined water and sewerage
system, an emergency is hereby declared to exist and it is hereby
found necessary for the public health, welfare and safety that this
ordinance become effective immediately upon its passage, approval
and publication as required by law.
PASSED unanimously by the City Council of the City of
Bremerton, Washington, signed by the Mayor and attested by the City
Clerk in authentication of such passage this--
1970.
GLENN K. JARST~ayor
ATTEST:
G. C./~AD0~, SR., Clty Clerk
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