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HomeMy WebLinkAbout1818 ORDINANCE NO. 1818 AN ORDINANCE specifying and adopting a system or plan z'or the making of certain additions anm improvements to the Garbage Department of the City of Bremerton; declaring the estimated cost thereof as near as may be; authoriz- ing the issuance of special Garbage Department revenue bonds in the principal sum of $31,300.00 to pay the cast thereof; creating a special fund for the payment of said bonds; providing the form, exact date of maturity and other details of .-aim bonds; and providing for payment of principal and interest of said bonds from gross revenues and authorizing the sage of such bonds. WHERF_.AS, the 'City of Bremerton now owns and operates a garbage collection department for the purpose of collecting and disposing of garbage and other re- fuse in the City of Bremerton; and WHEREAS, it is necessary in order ro properly provide said city with such service to make certain additions and improvements to the existing department; now, therefore THE CITY OF BRE~fERTON DOES ORDAIN: Section 1. That the following described plan or system for additions to and improvements of the existing Garbage Department of the City of Bremerton is hereby proposed, specified and adopted, to-wit: That the saim city acquire by purchase for use for storing anm maintain- ing garbage trucks anm other garbage equipment of the City of Bremerton the following lands in Kitsap County, Washington, more particularly described as follows, to-wit: That portion of government lot one (1) section thirteen (13) township twenty-four (~) north, range one (1) east, W.N., described as follows: Beginning at a point 1103.7~ feet north and 102.50 feet east of the quarter section corner between sections 13 and fourteen (14), said township 2~ north, range i east, W.N., thence south 50.~ feet; thence west 80 feet to ~he east line of Park Avenue; thence south along the east line of Park Avenue l~O feet; thence east l?O feet, more or less, to the west line of Sheldon Blvd; thence in a northerly direction along the west line of Oheldon Blvd., to a point east oi' the point o~~ begin- ning; thence west to the point of beginning. That the city repair and renovate and alter the existing builming on said premises in manner as follows, to-wit: repair the roof, install new doors, erect a fire-proof shed for additional storage, and fence and provide lighting for the parking area; that the portion o~~ said premises not occupied by the present building be graded and surfaced in order to provide drainage so that said premises may be used as a lot for parking or storing any such garbage trucks or other equipment. That the cost of acquiring said lane has been determined to be $~3,500.00 and an option for the purchase of said premises has been granted the city in that amount; that the estimated cost of repairing, renovating and altering said building and grading and surfacing the said premises is hereby fixed as near az may Oe in the sum of ~7,800.00, making a total cost of $31,300.00. Section 2. Said city does hereby propose, specify anm adopt as an integ- ral part of the plan for acquiring an~ constructing the additions to and im- provements of its said garbage department, and, for the purpose of paying there fore, tha~ it shall issue special garbage departmen~ revenue bones in Ohe prin- cipal sum of $31,300.00, bearing interest at ~he rate oz~ three (3%) per cent pe annum, payable annually on the first day of February oZ~ each year, both princi- pal and interest to be payable solely from the gross revenues of the Garbage Department, from a special ~'und hereby designated as Bremerton 19~9 Garbage De- partment Revenue Bond Fund. Said issue of bon~s to be in denominations of ~lO00.O0 each, except bonm No. i which shall be in the sum of ~300.00, number- ed l°rom i to 32 inclusive anm ~o mature serially in order oi~ number as follows: Feb. l, 1950 ~1,3o0.00 Feb. l, 1956 $3,000.00 Eeb. l, 1951 3,000.00 Feb. l, 1957 3,000.00 Feb. 1, 1952 3,000.00 Feb. 1, 1958 3,000.00 Feb. l, 1953 3,000.00 Feb. l, 1959 3,000.00 Feb. l, 1954 3,000.00 Feb. l, 1960 3,000.00 Feb. l, 1955 3,000.00 The City of Bremerton reserves the right to redeem all or any other un- matured bonds of this issue on any interest payment date by giving (~0) days' notice of such intended redemption by publication of such notice in the of- ficial city newspaper, and interest upon any bond so called for redemption shall cease on the date the same are called for payment. Said bonds shall be payable in lawful money oz' the United States.