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HomeMy WebLinkAbout0884and ~he East ~r~in of Broadway Avenue, an~ ~o~ded on the north by ~welf~h Stre, and on the South by a line parallel to and 149 feet distant from ~he North bo~d~y of Block 3,Deitz's Addition to Bremerton,Kitsap Co~ty,~ash,except that par~ use~ for street purposes. ~or a S~rlctly ~lcipal ~rpose To-~it: "~blic ~rk" an~ submitte~ the ~ualified vo~ers of s~i~ city a~ a special election to be held therein on t.~e 5th ~ay of November 1928,the question of borrowing the s~ of $8000.00,for sai~ purpose.an~ issuing i~s general obli~ion nego~iable coupon bo~ds therefor. W~RE~, the City of Bremer~on,~ashington now owens ~he following described real estate; Begi~in~ at a point on ~he South line of ~elfth Stree~ and midway ~he West ~rgln of ~arren Avenue, an~ ~he Ea~ ~rgin'of Broadway Ave; thence So~th ~he Wes~ margin of ~arren Ave .and the E~st margin o~ a line between Ave,454.07 fee~ more or less to a poin~ which is 14 feet North of the North margin of Block 5 Deitz's Addition ~o Bremer~on,Kitsap Oo~ty.W~shington. ~hence ~es~ to t~e Northeast corner of Lot 2§.Block 4,said Diet, s Addition.to Bremerton thence ~¥est 129 feet; thence North 267.1 feet more or less to the South boundry of Tract 4 Block 8.~?arren Smith's Acre ,Tracts; thence West to a point midway between Chester Ave.and Broadway Ave; thence North 160 feet on a line midway between the East margin of Ohester Ave. and the West margin of Broadway Ave; thence East to yhe point of beginning,excepting such portions used for Street purposes. ~ ~[ERF~LS said real estate is now being used for public 2ark purposes ~nd is lnaquate for such purposes,and whereas the following described real estate to-wit: The E~t half of the propert2 12lng between the ~est margin of Warren A~e mhd the East margin of ]~oadwa$:.Ave~ andi~bounded on the North by Twelfth Street ~nd on the South by a line parallel to and 1~9 feet distant from the North Ooundry of Block ~.Dietz's Addition to Bremerton,Ki~Sap County,',~ash, except that part used for street purposes,is immediately adjacent to the real estate ~erein first above described and is necessary for the development of such public ~ark. AND WHEREAS,s~id real estate herein above last described has ",been: ~tendered ~o~.the said City of Breme~iton ~or ,the ,S~un of $5000.00.plus$428 assessment paid ~y the'~.~n~si~cf~$aid property since ~ebruary lst ,192? ,and plus the payment of [927 taxes.and plus all other assessments tha~ may be against said real estate, aa~ing the total purchace price of real estate apprpximately the sum of $8000.00. AND ~HEREAS, through voluntary contributions from the public.said public ~ark has been equipped with park and playfield apparatus, and a building erected ;hereon,and otherwise developed and improved at an expense of approximately $~300.00. AND ~HEEEAS,.said Commission has investigated the proposition of the purchase ~f such additional real estateto make such public park adequa~te, and recommend ~he purchase of the same; AND WHEREAS,said Commission deems it advisable that said city shall, for strictly municipal purpose to-wit: the purchasing the real estate hereinafter scribed,for a public park,borrow the sum o~ $8000.00, and issue its.general ~bligation negotiable coupon bonds therefor~ N0~? THEREFORE. BE IT ORDAINED BY THE CITY COM~IISSION 0~ THE CItY SECTION l. That said 0ity,for a strictly municipal purpose,to-wit:the ~urch~se of the following described real estate in the Oity of Bremerton,Kitsap ~ounty,Washington,described as follows: The East half of the property lying between the West margin of ;?arren ,ye and the East margin of Broadw:~y ~ve,and bounded on the North by Twelfth Street ,nd on the South by a 'line parallel to and 149 feet distant from the North boundry ,f Block 3,Deitz's Addition to Bremerton,Eitsap County,Wash.except that part used ~or Street purposes. ~or the purpose of additional public park ground,borrow the sum of ;8000.00. and issue its general obligation negotiable coupon bonds therefor,which ,onds shall bear interest at the rate not to exceed 6% per annum.payable 4emi- ~nnually; shall be payable,both principle and interest,at the office of the City Treasurer,or at the fiscal agency of the State o~ Washington,in New York City,at the h~lder's option, in Gold Coin of the United States of the present standard of weight and ~ineness, and shall mature in the order of their numbers,lowest first,in 'crying annual amounts,commencing tw~ years and ending twenty years after date there . l:rior to the issuance and delivery of such bonds said city shall by O~ dinance prescribe the form of said bonds,and fix the date,interest rate,denomination Lnd other details thereof,and shall ~ix the definite annual maturities,which shall commence with the second year after the date of issue of'such bonds and shellacs nearly as practicable~ be in such amounts aswill,together with the interest o~ all outstanding bonds,be met by an equal annual tax levy for the payment of said ~onds and interest. None of such bon~s Shall he of a denomination greater than $10(10.00. The life of the improvement ~o be acquired'by ~he issuance of such bon,.s is hereby declared las nearly as practicable) to be twenty years after the date ~f such bond Each bond shall provide for,and the city reserves the right ~o call in and pay all or any of said bonds on any annual or semi-annual interest paying date crier five years from ~ate of said bonds..provided however, that if this provisia~n~for ~alling said bonds before maturity should be ~oid then and in that event the same Sh~ll not offs. the validity of said bonds or this Ordinance.but in that event said bonds shai~l be paid as though said provision~had not been inserted therein or in this Ordinahce. SEOTION 2, That the officials of said city now or hereafter charged by law with ~he duty of levying and collecting taxes shall,in the manner provided by law.~nnually levy taxes upon all the taxable property in said city,in amounts sufficient t~ pay the principal and interest of ss~d bonds as the same becomes due, and such ta:~es so collected shall be set aside into a special fund hereby created and designate, , "i~JBLIC PARK PURCHASE BONDS ~UND". and shall be used for no other purpose fha for the payment of the principal and interest of said bonds. SECTION 3, That the ~uestion of borrowing said sum of money for said purpose and the issuance of said bonds therefor, shal~ be submitted to the qualified ~oters of said city,for their ratification or rejection,at s special bond eteo~iom;t~ be held therein in the several duly established voting precincts of sa~ city,on, the 6th day of Novembe~.l~28, and notice of said election shall be given as provided by law. SECTION A,Said general election laws of the State of Washington,and ~he question submitted at said election,as aforesaid, shall appear upon the ballots to be Ased at said election in substantially the following form: "~hall the 0ity of Bremerton,Nashlngton, for a strictly municipal ~urpose to-wit;the purchasing and amquiring title to The East half of the property lying between the Nest margin of Nar~en Ave ahd the East.margin of Broadway Ave,and bounded on the North by Twelfth Street and on the South by a line parallel to and 149 feet distant from the ~orth boundry of Block 3,Deitz's Addition,to Bremerton,Kitsap County,~ash,except that part used .!' ~ Street purposes. ' f6r'the purpose of additional public Park ground,borrow the sum of $8000.00 and i issue its general obligation negotiable coupon bonds therefor,as provided in Ordinance No 884.of said city,which bonds shall bear date,the date of their issue bearing interest at the rate of not to exceed 6 per cent per annum,and to mature serially commencing two years after the date therefrom,and extending 20 years after date therefrom. Said maturities to be as nearly as practicable in the amount that will. together with interest on all outstanding bonds of said city,be,~mst by an equal annual tax levy for the payment of said bonds and interest;the definite maturities shall be fixed by th~ corporate authorities of said City~. "BONDS,YES". "BONDS, NO". Each elector of said Oity voting at said election upon said question shall prepare his or her ballot,by striking therefrom the words "BONDS,YES". or "BONDS. "NO". so that the remaining portion of said ballot shall express his or her vote on said question. SECTION 5, The polls at said election shall be kept open from 8,00 O'Clock A,M. until 8.00 P.M. on said day. The City CommiSsion shall by resolution designate the polling places~ .~ for said election in the severally duly established voting precincts of said city;shall designate and appoint the officials to conduct said election in such voting precinCts;shall prescribe the form of notice of such election and proyide for the publication and'posting thereof;and shall prescribe the form of ballot. SECTION'6. If the'total votes cast upon such proposition at said election shall exceed fifty per 5ent of the total number of voters voting in what was formerly the cities of Bremerton and Clarleston,~ashingtom, and now consolidated as the City of ~remerton,at the general county and state electioneer.held in the year 1926. and if t~ree-fifths of the legal ballots cast at said election on said question shall be in favor of "BONDS,YES". then said City og Bremerton shall be deemed authorized to borrow the' amount of money so voted for and ti issue its general obligation negotiable coupon bonds therefor. SECTION ?, This Ordinance is necessary~,for the immediate preservation of the public peace,health and safe~y and shall take effect immediately upon its passage, Passed by the City Commission of the said City of Bremerton,in regular session assembled on the 3rd day of October,1928,bythe following vote: Ayes;3 Nays,O; Absent,0$ and approved and signed by the.Mayor and attested by the 0ity Clerk in authentication thereof this 3rd day of October,1928. Attest.~ ----? ~-- ~ayor. ~;~ity Clerk. This Ordinance introduced and had its first re~ding and placed on file for public inspection on this ~6th day of September.1928, City Clerk.