HomeMy WebLinkAbout1122 A RESOLUTION of the City of Bremerton, Washington,
retaining counsel for certain services in con-
nection with the authorization of an excess tax
levy and with the authorization, issuance and
sale of general obligation bonds of the city.
WHEREAS, the City of Bremerton, Washington, is contemplating
an excess levy upon all of the taxable property within the city of
approximately 1 1/2' mills, and the issuance and sale of its unlimited
tax levy general obligation bonds in the principal sum of $250,000
for the purpose of providingffunds to pay the cost of certain capital
improvements to its parks and playgrounds, and is also contemplating
the issuance and sale of like bonds in the principal sum of $125,000
for improvements to be made on the site of the First Street Dock; and
WHEREAS, the Constitution and laws of the State of Washington
require that the questions of whether or not such excess tax levy may
be levied and such bonds issued and sold for such purposes must be
submitted to the qualified electors of the city for their ratification
or rejection~ and
WHEREAS, it is deemed necessary and to the best interests
of the city that bond counsel skilled in such matters be retained to
draw the ordinances, notices, and other documents necessary for the
authorization of such tax levy and bonds, for the issuance and sale
of said bonds, and to give their opinion as to the validity of such
bonds at the time of their sale~
NOW, THEREFORE, THE CITY OF BREMERTON DOES RESOLVE:
That Preston, Thorgrimson, Horowitz, starin & Ellis, attorneys
at law of Seattle, Washington, be and they are hereby retained to per-
form the services above set forth, and as compensation therefor the
city agrees to pay them as follows:
a. For drawing all proceedings for the authorization
of such excess tax levy, $ 75
b. For drawing all proceedings for the authorization,
issuance and sale of said $250,000 of bonds, and for opinion as
to the validity thereof, 700
c. For drawing all proceedings for the authorization,
issuance and sale of said $125,000 of bonds, and for opinion as
to the validity thereof, 450
d. If both bond propositions carry and said bonds
are combined and sold as one issue, the above $1,150 shall be
reduced to 1,000
e. If the proposition on the $250,000 of bonds
fails to carry, 150
f. If the proposition on the $125,000 of bonds
fails to carry, 100
g. If both bond propositions fail to carry, 200
h. All out-of-pocket expenses incurred in the
performance of said services.
In addition to the above, the city also agrees to furnish
said counsel at their office in Seattle, Washington, with a complete,
certified transcript of all proceedings taken in the matter of the
issuance of said bonds.
PASSED and APPROVED 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 8th day of February, 1961.
Mayor
/ City Clerk
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