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Home My WebLink About2002 - Public Safety Bond Issue CITY OF BREMERTON Meltw Ta Mayor Bozeman, Sheml Huff - Menees, Chief Forbes, Chief Duke Frorm Kathleen McCluskey, Administrative Services Director cc: Data October 3, 2002 Res Official Election Results Thought you might be interested in the attached It gives the official final, the results of poll only voting, the results of absentee ballots and the results by precinct For those of you who enjoy studying the dynamics of the election process this gives lots to look at 1 OFFICIAL RETURNS OF THE STATE PRIMARY HELD IN HITSAP COUNTY September 17, 2002 STATE OF WASHINGTON OATH OF COUNTY AUDITOR STATE of WASHINGTON) )SS. COUNTY of KITSAP ) I, KAREN FLYNN, Auditor of Kitsap County Washington, attest to the authenticity of the returns presented to the canvassing board of the State Primary Election held on September 17, 2002 in Kitsap County, State of Washington. /zl 1 0 Aj c4i"I.44'A Ki a ounty Auditor Subscribed and sworn before me this 27 day of September 2002. Q\ 0 A � (A r6 Y' Chair, Kt ap County Board o ommissioners CERTIFICATION OF THE CANVASSING BOARD STATE of WASHINGTON) ) SS. COUNTY of KITSAP ) The undersigned officers designated by law as constituting the Canvassing Board for the County of Kitsap, State of Washington, hereby certify that this is a full, true and correct copy of the Abstract of Votes cast at the State Primary Election held on September 17, 2002, in Kitsap County, State of Washington; that the total number of active registered voters in all precincts was 124,921; the total number of inactive registered voters in all precincts was 19,437; the total number of all registered voters in all precincts was 144,358; and that the total number of votes cast in such precincts was s 3 I R qJ0 WITNESS our hands and official seal this 27 day of September 2002. \Tr Kitsap County Auditor U J &tiChair, Ki a County Board of COPRimissioners Kitsap C m Prosecuting Att6rney OFFICIAL FINAL Page 1 11 42 06 21- Sep -2002 Combined Regular & Absentee Ballots KITSAP COUNTY OFFICIAL FINAL Primary Election September 17, 2002 Total Pct Total Pct Precincts Counted TOTAL 199 100 00 State Representative District 26 Registered Voters TOTAL 124,921 Position 1 Ballots Counted - TOTAL 53,840 43 10 R Kevin Entze 1,960 15 03 R Ed Mitchell 3 465 + 26 57 FEDERAL OFFICES **** IC - Ted Haley 634 4 86 ** * *** **** * * *************** D Patricia Lantz 6,938 53 20 WRITE -IN 45 0 35 U S Representative Congressional District 1 Total 13,042 100 00 D - Mike The Mover 1.087 4 08 L Mark B Wilson 548 2 06 State Representative District 26 D Jay Inslee 16.100 60 50 Position 2 R - Joe Marine 8,834 33 20 R - Lois McMahan . 6,208 47 08 WRITE-IN 41 0 15 D - Brock Jackley 6.945 52 67 Total 26.610 100 00 WRITE -IN 32 0 24 Total 13.185 100 00 U S Representative Congressional District 6 D - Norm Dicks 17,559 68 76 State Senator District 35 R - Bob Lawrence 6,250 24 47 D Tim Sheldon 7,463 82 26 L John A Bennett 481 1 88 GRN Marilou Rickert 1,559 17 18 D - Douglas Milholland 1.212 4 75 WRITE -IN 51 0 56 WRITE -IN 36 0 14 Total 9,073 100 00 Total 25,538 100 00 State Representative District 35 * ****** STATE OFFICES ******** * ********* * * ** Position 1 ************************* *** * *** * * **** * *** ***** ********* D Kathy Haigh 5,419 58 31 R Frank Dare 3,858 41 51 State Representative District 23 WRITE -IN 17 0 18 Position 1 Total 9,294 100 00 D - Phil Rockefeller 17.810 60 90 R Don Large 11,403 38 99 State Representative District 35 WRITE -IN 32 0 11 Position 2 Total 29 245 100 00 D William (Ike) Eickmeyer 5,601 60 07 R Craig Chapman 3 709 39 78 State Representative District 23 - WRITE -IN 14 0 15 Position 2 Total 9 324 100 00 R Beverly Woods 14,895 51 97 D Terrell (Terry) E Ducheane 2 843 9 92 COUNTY OFFICES ************ ******** ** D Sherry Appleton 10,871 37 93 WRITE -IN 54 0 19 Total 28,663 100 00 County Commissioner District 3 D Tim Botkin 7 771 47 67 State Senator District 26 R Patty Lent 8,509 52 20 R Bob Oke 6,985 52 51 WRITE -IN 20 0 12 D Betty P Ringlee 3,387 25 46 Total 16,300 100 00 D Randy Boss 2,899 21 80 WRITE-IN 30 0 23 County Assessor Total 13 301 100 00 R - Jim Avery 40,887 98 06 WRITE -IN 810 1 94 Total 41,697 100 00 County Auditor D - Karen Flynn 41,702 98 67 WRITE -IN 560 1 33 Total 42,262 100 00 OFFICIAL FINAL Page 2 11 42 06 27 -Sep -2002 Combined Regular & Absentee Ballots KITSAP COUNTY Primary Election September 17, 2002 Total Pct Total Pct County Clerk Court of Appeals Judge D - Dave Peterson 39,870 98 70 Division 2 District 2 Position 1 WRITE -IN 527 1 30 Joyce (Robin) Hunt 36,462 98 98 Y Total 40,397 100 00 WRITE -IN 375 1 02 Total 36,837 100 00 County Coroner R Greg Sandstrom 31,740 64 74 MEASURES ***** D - Ed Rollman 17,218 35 12 **** * ************ **** ****** WRITE -IN 71 0 14 Total 49,029 100 00 City of Bremerton Public Safety Facilities Bonds County Prosecuting Attorney APPROVED PASSED 3,915 65 91 REJECTED 2,025 34 09 D • Russ Hauge 40,010 98 00 Total 5.940 100 00 WRITE -IN 816 2 00 Total 40,826 100 00 Kitsap Co Fire Protection District 7 Tax Levy Lift Yes FAILED 6,328 43 35 County Sheriff No 8.271 56 65 L - William Johnston 7.579 15 66 Total 14,599 100 00 D Steve Boyer 40,541 83 77 WRITE -IN 278 0 57 North Kitsap Fire & Rescue Emergency Medical Levy Total 48,398 100 00 Yes FA LED LED 2,543 57 63 No 1.870 42 37 County Treasurer Total 4,413 100 00 D Barbara Stephenson 22,529 49 54 D - Paulette Alvarado 22,455 49 37 Kitsap County Fire 18 Emergency Medical Levy WRITE -IN 495 1 09 Yes IN = 3,125 57 12 Total 45,479 100 00 No 2 346 42 88 Total 5,471 100 00 * ** JUDICIAL OFFICES ** * *** ***** ******* ** *** * ********* * *** * * * * * *** * ***** * ** Bainbridge Island Park District Excess Levy Levy Yes PASSED 5 312 70 28 State Supreme Court Justice Position 3 Levy No 2,246 29 72 Jim Johnson 14,343 33 08 Total 7 558 100 00 Stan Morse 3,947 9 10 Michael Spearman 14 580 33 62 Mary Fairhurst 10 345 23 86 WRITE -IN 150 0 35 Total 43 365 100 00 State Supreme Court Justice Position 4 Charles W Johnson 17,791 41 84 Pamela (Pam) Loginsky 15 269 35 91 Doug Schafer 9,095 21 39 WRITE -IN 370 0 87 Total 42,525 100 00 State Supreme Court Justice Position 7 Bobbe J Bridge 36,303 98 94 WRITE -IN 390 1 06 Total 36,693 100 00 OFFICIAL FINAL f - b -0i //5 on Page 1 11 43 53 27 -Sep 2002 Regular Ballots Only y KITSAP COUNTY OFFICIAL FINAL Primary Election September 17. 2002 Total Pct Total Pct Precincts Counted TOTAL 199 100 00 State Representative District 26 Registered Voters TOTAL 124.921 Position 1 Ballots Counted • TOTAL 7.058 5 65 R Kevin Entze 278 17 98 R Ed Mitchell 508 32 86 FEDERAL OFFICES IC Ted Haley 66 4 27 ******* * ****** ******** D Patricia Lantz 690 44 63 WRITE -IN 4 0 26 U S Representative Congressional District 1 Total 1.546 100 00 D - Mike The Mover 119 3 08 L Mark B Wilson 53 1 37 State Representative District 26 D - Jay Inslee 2,383 61 77 Position 2 R Joe Marine 1,300 33 70 R - Lois McMahan 873 55 78 WRITE-IN 3 0 08 D - Brock Jackley 688 43 96 Total 3,858 100 00 WRITE -IN 4 0 26 Total 1,565 100 00 U S Representative Congressional District 6 D Norm Dicks 1.780 57 91 State Senator District 35 R Bob Lawrence 1,035 33 67 D - Tim Sheldon 940 81 81 L John A Bennett 89 2 90 GRN - Marilou Rickert 193 16 80 D Douglas Milholland 160 5 20 WRITE-IN 16 1 39 WRITE -IN 10 0 33 Total 1,149 100 00 Total 3,074 100 00 State Representative District 35 * *** STATE OFFICES *** *** * * **** * * ***** *** Position 1 ******* ** * * * *** * * * * * ************* ***** D Kathy Haigh 625 52 48 R Frank Dare 563 47 27 State Representative District 23 WRITE -IN 3 0 25 Position 1 Total 1 191 100 00 D Phil Rockefeller 2,501 60 82 R Don Large 1.608 39 it State Representative District 35 WRITE -IN 3 0 07 Position 2 Total 4,112 100 00 D William (Ike) Eickmeyer 663 55 57 R Craig Chapman 528 44 26 State Representative District 23 WRITE -IN 2 0 17 Position 2 Total 1.193 100 00 R Beverly Woods 1.967 49 08 D Terrell (Terry) E Ducheane 285 7 11 ** * COUNTY OFFICES * * **** * * **** * * * ***** ** D Sherry Appleton 1.754 43 76 WRITE -IN 2 0 05 Total 4.008 100 00 County Commissioner District 3 D Tim Botkin 742 42 04 State Senator District 26 R Patty Lent 1.021 57 85 R Bob Oke 880 56 19 WRITE -IN 2 0 11 D Betty P Ringlee 329 21 01 Total 1.765 100 00 D Randy Boss 349 22 29 WRITE -IN 8 0 51 County Assessor Total 1.566 100 00 R - Jim Avery 5,258 98 19 WRITE -IN 97 1 81 Total 5,355 100 00 County Auditor D - Karen Flynn 5 262 98 23 WRITE -IN 95 1 77 Total 5.357 100 00 OFFICIAL FINAL Page 2 11 43 53 27- Sep•2002 Regular Ballots Only KITSAP COUNTY Primary Election September 17, 2002 Total Pct Total Pct County Clerk Court of Appeals Judge D - Dave Peterson 4,986 98 29 Division 2 District 2 Position 1 WRITE -IN 87 1 71 Joyce (Robin) Hunt 4,521 98 93 Total 5,073 100 00 WRITE -IN 49 1 07 Total 4,570 100 00 County Coroner R Greg Sandstrom 4,053 63 25 **** ***** * ******* *** MEASURES ********* * * ******* ******** D Ed Rollman 2,340 36 52 ************************* *** ***** ***** *** ***** ********** WRITE-IN 15 0 23 Total 6,408 100 00 City of Bremerton Public Safety Facilities Bonds APPROVED 480 64 43 County Prosecuting Attorney REJECTED 265 35 57 D - Russ Hauge 4,975 97 11 Total 745 100 00 WRITE -IN 148 2 89 Total 5.123 100 00 Kitsap Co Fire Protection District 7 Tax Levy Lift Yes 804 46 31 County Sheriff No 932 53 69 L William Johnston 1,115 17 89 Total 1,736 100 00 D Steve Boyer 5,080 81 50 WRITE -IN 38 0 61 North Kitsap Fire & Rescue Emergency Medical Levy Total 6.233 100 00 Yes 339 57 85 No 247 42 15 County Treasurer Total 586 100 00 D - Barbara Stephenson 2,726 47 17 D Paulette Alvarado 2,992 51 77 Kitsap County Fire 18 Emergency Medical Levy WRITE IN 61 1 06 Yes 424 60 23 Total 5,779 100 00 No 280 39 77 Total 704 100 00 JUDICIAL OFFICES ****** ******** * * **** ************************* * ****** ***** * * ********* * **** * ** Bainbridge Island Park District Excess Levy Levy Yes 1,309 81 25 State Supreme Court Justice Position 3 Levy No 302 18 75 Jim Johnson 2,148 37 94 Total 1,611 100 00 Stan Morse 496 8 76 Michael Spearman 1,727 30 50 Mary Fairhurst 1 277 22 55 WRITE -IN 14 0 25 Total 5,662 100 00 State Supreme Court Justice Position 4 Charles W Johnson 2,214 40 72 Pamela (Pam) Loginsky 1,877 34 52 Doug Schafer 1,265 23 27 WRITE -IN 81 1 49 Total 5,437 100 00 State Supreme Court Justice Position 7 Bobbe J Bridge 4,478 98 72 WRITE-IN 58 1 28 Total 4,536 100 00 OFFICIAL FINAL ABSENTEES ONLY Page 1 11 43 43 27-Sep-2002 Absentee Ballots Only KITSAP COUNTY OFFICIAL FINAL Primary Election September 17, 2002 Total Pct Total Pct Registered Voters - TOTAL 124,921 State Representative District 26 Ballots Counted - TOTAL 46,782 37 45 Position 1 R Kevin Entze 1,682 14 63 ** **************** FEDERAL OFFICES * **** **** * * ********** R Ed Mitchell 2.957 25 72 IC Ted Haley 568 4 94 D Patricia Lantz 6,248 54 35 U S Representative Congressional District 1 WRITE-IN 41 0 36 D Mike The Mover 968 4 25 Total 11,496 100 00 L - Mark B Wilson 495 2 18 D - Jay Inslee 13.717 60 29 State Representative District 26 R - Joe Marine 7,534 33 11 Position 2 WRITE -IN 38 0 17 R Lois McMahan 5,335 45 91 Total 22,752 100 00 D Brock Jackley 6,257 53 85 WRITE -IN 28 0 24 U S Representative Congressional District 6 Total 11,620 100 00 D Norm Dicks 15,779 70 24 R Bob Lawrence 5,215 23 21 State Senator District 35 L John A Bennett 392 1 75 D Tim Sheldon 6,523 82 32 D Douglas Milholland 1,052 4 68 6RN - Marilou Rickert 1,366 17 24 WRITE -IN 26 0 12 WRITE IN 35 0 44 Total 22,464 100 00 Total 7,924 100 00 STATE OFFICES *** ************** * **** State Representative District 35 Position 1 D - Kathy Haigh 4.794 59 16 State Representative District 23 R Frank Dare 3,295 40 66 Position 1 WRITE IN 14 0 17 D Phil Rockefeller 15,309 60 91 Total 8,103 100 00 R Don Large 9.795 38 97 WRITE -IN 29 0 12 State Representative District 35 Total 25,133 100 00 Position 2 D William (Ike) Eickmeyer 4.938 60 73 State Representative District 23 R Craig Chapman 3.181 39 12 Position 2 WRITE -IN 12 0 15 R Beverly Woods 12,928 52 44 Total 8 131 100 00 D Terrell (Terry) E Ducheane 2,558 10 38 D Sherry Appleton 9,117 36 98 * ***** * *** *** ***** COUNTY OFFICES ******* *********** **** WRITE -IN 52 0 21 Total 24 655 100 00 County Commissioner District 3 State Senator District 26 0 Tim Botkin 7,029 48 36 R Bob Oke 6,105 52 02 R Patty Lent 7,488 51 52 D Betty P Ringlee 3.058 26 06 WRITE -IN 18 0 12 D Randy Boss 2,550 21 73 Total 14,535 100 00 WRITE -IN 22 0 19 Total 11,735 100 00 County Assessor R Jim Avery 35 629 98 04 WRITE IN 713 1 96 Total 36.342 100 00 County Auditor D Karen Flynn 36 440 98 74 WRITE-IN 465 1 26 Total 36,905 100 00 OFFICIAL FINAL Page 2 11 43 43 27- Sep•2002 Absentee Ballots Only KITSAP COUNTY Primary Election September 17, 2002 Total Pct Total Pct County Clerk Court of Appeals Judge D Dave Peterson 34,884 98 75 Division 2 District 2 Position 1 WRITE -IN 440 1 25 Joyce (Robin) Hunt 31,941 98 99 Total 35,324 100 00 WRITE-IN 326 1 01 Total 32,267 100 00 County Coroner R Greg Sandstrom 27.687 64 96 ************ ******** MEASURES ***** ***** ************ **** D Ed Rollman 14,878 34 91 ************************* *** * * * ******** **** *** * * **** * *** WRITE-IN 56 0 13 Total 42,621 100 00 City of Bremerton Public Safety Facilities Bonds APPROVED 3,435 66 12 County Prosecuting Attorney REJECTED 1,760 33 88 D • Russ Hauge 35,035 98 13 Total 5,195 100 00 WRITE -IN 668 1 87 Total 35,703 100 00 Kitsap Co Fire Protection District 7 Tax Levy Lift Yes 5.524 42 94 County Sheriff No 7,339 57 06 L William Johnston 6,464 15 33 Total 12,863 100 00 D Steve Boyer 35,461 84 10 WRITE -IN 240 0 57 North Kitsap Fire & Rescue Emergency Medical Levy Total 42,165 100 00 Yes 2.204 57 59 No 1,623 42 41 County Treasurer Total 3.827 100 00 D Barbara Stephenson 19,803 49 88 D Paulette Alvarado 19,463 49 03 Kitsap County Fire 18 Emergency Medical Levy WRITE-IN 434 1 09 Yes 2,701 56 66 Total 39,700 100 00 No 2,066 43 34 Total 4,767 100 00 *********** * * ***** JUDICIAL OFFICES **** * * * * ******** **** ************************* *** * * * *** **** **** ***** * * *** * *** Bainbridge Island Park District Excess Levy Levy Yes 4,003 67 31 State Supreme Court Justice Position 3 Levy No 1,944 32 69 Jim Johnson 12 195 32 34 Total 5,947 100 00 Stan Morse 3,451 9 15 Michael Spearman 12 853 34 09 Mary Fairhurst 9 068 24 05 WRITE-IN 136 0 36 Total 37 703 100 00 State Supreme Court Justice Position 4 Charles W Johnson 15,577 42 00 Pamela (Pam) Loginsky 13 392 36 it Doug Schafer 7,830 21 11 WRITE-IN 289 0 78 Total 37,088 100 00 State Supreme Court Justice Position 7 Bobbe J Bridge 31,825 98 97 WRITE -IN 332 1 03 Total 32,157 100 00 : PRIMARY ELECTION KITSAP COUNTY, Washington Tuesday, September 17, 2002 Official Election Results � Total Counted Percent Precincts 32 32 100.00% Registered Voters 14,668 14,668 100.00% Total Ballots Cast 6,327 43.13% City of Bremerton Public Safety Facilities Bonds CANVASS REPORT This report created Monday, September, 30, 2002 09 0616 am PRECINCT NAME APPROVED REJECTED BREMERTON 001 103 66 BREMERTON 005 167 83 BREMERTON 011 167 96 BREMERTON 013 114 39 BREMERTON 015 150 108 BREMERTON 018 100 79 BREMERTON 020 167 80 BREMERTON 022 124 66 BREMERTON 023 84 55 BREMERTON 029 215 100 BREMERTON 031 254 130 BREMERTON 032 39 13 BREMERTON 034 54 29 BREMERTON 037 292 147 BREMERTON 040 256 138 BREMERTON 044 166 90 BREMERTON 046 238 100 BREMERTON 052 374 167 BREMERTON 054 248 139 BREMERTON 056 217 101 BREMERTON 058 239 97 BREMERTON109 15 8 BREMERTON 159 95 61 BREMERTON 051 13 6 BREMERTON 088 16 19 Consolidated VBM 8 8 TOTALS 3,915 2,025 65 91 % 3409% Page 1 of 1 RECEIVED JUL 2 9 2002 RESOLUTION NO. AUDITOR/ELECTIONS A RESOLUTION of the City Council of the City of K AP COUN Bremerton, Washington, making a finding, providing for the submission to the registered voters of the City at a special election A/,' to be held in conjunction with the primary election on September /�/, rr 17, 2002, of a proposition authorizing the City to acquire additional police vehicles, fire trucks, apparatus and equipment, to acquire land, construct, remodel and equip new fire, police and court facilities, to incur indebtedness, to issue no more than $12,979,000 of unlimited tax general obligation bonds maturing within 25 years to pay the costs of such construction and acquisition, and to levy annual excess property taxes to pay and retire such bonds, and declaring an emergency WHEREAS, the City Council of the City of Bremerton, Washington (the "City"), finds it in the best interests of the City to acquire additional police vehicles, fire trucks, apparatus and equipment, to acquire land, construct, remodel and equip new fire, police and court facilities, and WHEREAS, in order to provide all or part of the funds necessary to accomplish such project, the City Council finds it necessary, proper and advisable that the City incur indebtedness, issue no more than $12,979,000 of unlimited tax general obligation bonds maturing within 25 years to pay the costs of such construction and acquisition, and levy annual excess property taxes to pay and retire such bonds, and WHEREAS, by law the proposition of whether the City may incur such indebtedness and issue such bonds for such purposes must be submitted to the registered voters of the City for their ratification or rejection, NOW THEREFORE, THE CITY COUNCIL OF THE CITY OF BREMERTON, WASHINGTON, DOES HEREBY RESOLVE AS FOLLOWS SECTION 1. Finding and Estimated Costs of Project The City Council deems it to be in the best interests of the City and its citizens to acquire additional police vehicles, fire Public Safety Bond 1 trucks, apparatus and equipment, to acquire land, construct, remodel and equip new fire, police and court facilities (the "Project ") The estimated cost of the Project, including the costs of issuing and selling the bonds authorized by this resolution, is declared to be, as nearly as may be determined, $12,979,000 SECTIONZ Proposal to Issue Bonds Subject to the approval of the registered voters of the City, the City hereby authorizes the incurrence of indebtedness and the issuance of the bonds therefor in an aggregate principal amount not to exceed $12,979,000 (the "Bonds ") for the purpose of providing all or part of the money necessary to pay the capital costs of the Project The term "capital costs," as used in this Section, shall be construed consistently with the term "capital purposes" in Article VII, Section 2(b) of the Washington Constitution and RCW 84 52 056, but, subject thereto, may include the costs of (1) property acquisition, including leasing and acquiring purchase options, (u) engineering, design, demolition and other site preparation, and (iii) planning, financial, legal and other services lawfully incurred incident to accomplishing the Project and its financing, including the incidental costs and costs related to the sale and issuance of the Bonds, provided, however, the term "capital costs" shall not include maintenance, operation or costs for replacement of equipment The Bonds shall bear such date or dates, shall mature at such time or times not to exceed 25 years from the date of issuance thereof, shall be issued in such denominations, shall bear such terms, conditions and covenants, shall be in such form, shall bear interest at such fixed or variable rate or rates, shall bear such redemption and registration privileges, and shall be sold in such manner, at such time or tunes, in such amounts and at such price or prices as the City Council shall hereafter determine by ordinance The Bonds may be issued in one or more series, either separately or in combination with other authorized general obligation bonds of the City The Bonds shall be general obligations of the City and, unless paid from other sources, both the principal thereof and the interest thereon shall be payable from annual property tax levies, if authorized by the registered voters as provided in Section 4 of this resolution, upon all taxable property within the City in excess of all regular property tax levies, without limitation as to rate or amount Public c Saf ty Bond 2 SECTION 3. Short-Term Obligations Subject to the approval by the registered voters of the City of the issuance of the Bonds to pay the capital costs of the Project, the City may, by ordinance, provide for the issuance of short-term obligations in anticipation of the issuance of the approved Bonds in accordance with the provisions of RCW 39 50 The aggregate principal amount of all such short-term obligations and Bonds outstanding at any time shall not exceed $12,979,000 SECTION 4. Submission to Voters The City Council finds that an urgent need exists for the Project and declares that an emergency exists requiring submission to the registered voters of the City of the proposition authorizing the incurrence of indebtedness and the issuance of the Bonds to pay the capital costs of the Project at a special election to be held in conjunction with the primary election on September 17, 2002 The Kitsap County Auditor, as ex off cao supervisor of elections, is hereby requested to find the existence of such emergency pursuant to RCW 29 13, and is requested to assume Jurisdiction of and to call and conduct a special election, to submit to the registered voters of the City the proposition set forth below The City Clerk is hereby authorized and directed to certify said proposition to the Krtsap County Auditor in substantially the following form, with such additions, deletions or modifications as may be required by the City Attorney THE CITY OF BREMERTON, WASHINGTON PROPOSITION NO 1 PUBLIC SAFETY FACILITIES BONDS The City Council of the City of Bremerton, Washington, adopted Resolution No .( concerning a proposition for financing, constructing, remodeling and acquiring new public safety facilities and equipment This proposition, if approved, will authorize the City to acquire additional police vehicles, fire trucks, apparatus and equipment, to acquire land, construct, remodel and equip new fire, police and court facilities, to incur indebtedness and issue no more than $12,979,000 of general obligation bonds maturing within 25 years to pay the costs thereof, and to levy annual excess property taxes to pay such bonds, as provided in Resolution No Should this proposition be Public Safety Bond 3 APPROVED REJECTED The City Clerk is hereby authorized to deliver a certified copy of this resolution to the Kitsap County Auditor SECTT(IN 5. SeverahzZaV If anyone or more of the provisions of this resolution shall be declared unconstitutional or invalid for any reason, such decision shall not affect the validity of the remaining provisions of this resolution, the Bonds or any short-term obligations issued in anticipation thereof, and this resolution, the Bonds and any short-term obligations issued in anticipation thereof shall be construed and enforced as if such unconstitutional or invalid provisions had not been contained herein SECTIDN h. Mrtivp Date. This Resolution shall take effect and be in force immediately upon its passage PASSED by the City Council of the City of Bremerton, Washington this day of Q "4 , = ' 2002 CAROL ARENDS, Council President APP VRr_) A O FORM TTEST RoGt4 A LU City Att y KA EEN MCCLUSKEY, Zty Clerk Public Safety Bond 4 i AGENDA BILL BREMERTON CITY COUNCIL 1. SUBJECT FOR AGENDA OF: 7/31/02 ORIGINATING DEPT: City Council Appointment of Pro and Con ORIGINATOR: city council Committees For Local Voters' Pamphlet DATE SUBMITTED: 7/25/02 2. CLEARANCES 3. EXHIBITS: ENDORSEMn INF TI N_ APPROVED BY COUNCIL PRESIDENT FOR SUBMITTAL: MAY COUNCIL PRESIDENT 4. SUMMARY STATEMENT AND REQUIREMENT FOR COUNCIL ACTION Last Wednesday the City Council passed the resolution placing the Public Safety Bond Levy on the September 17, 2002 Primary Election. If the City desires to participate in the local voters pamphlet it must appoint persons known to favor the measure to serve on the committee advocating approval and shall, whenever possible, appoint persons known to oppose the measure to serve on the committee advocating refection. No committee shall have more than three members; however a committee may seek the advice of any person or persons in preparing their statements. Statements for and against measures shall not exceed 200 words. Statements must be submitted to the county auditor by August 5th. ( -he i 1 ctiiuc � ieeammet e .t4r�+e++w -obi EB�reseeerc �. c c � w .i..ti Z The proposed committee in support of the bond issue is: Stacey Tucker, Alan Martin and Jerry Reid. The committee will select a chairman. 8. RECOMMENDATION Motion to approve Voter Pamphlet Pro and...Ce;i Statement Committee /.AA.. 9. RESPONSIBLE OFFICIAL: City Council ENFORCEMENT OFFICIAL: N/A EXPIRATION DATE: /A REVIEW DATE: N/A 10 NOTICE OF ACTION PULLED TABLED APPROVED DISAPPROVED AMENDED COUNCIL DIRECTIVE: Date: 11. AGENDA BILL NO: S D y 2. CLEARANCE COMMENTS (cont.) 4. SUMMARY STATEMENT (cont.) 5. IMPACT ON NON- PASSAGE 6. IMPACT ON STAFFING, BUDGETS, FACILITIES, EQUIPMENT OR OTHER RESOURCES None. 7. RESEARCH SOURCES CITY OF BREMERTON, WASHINGTON ORDINANCE NO 4831 AN ORDINANCE of the City of Bremerton, Washington, relating to the incurrence of indebtedness, providing for the sale and issuance of unlimited tax general obligation bonds, 2002, in the aggregate principal amount of $12,979,000 as authorized by Resolution No 2866 of the City and as approved by the voters in the City at a special election on September 17, 2002, to pay part of the costs of acquiring additional police vehicles, fire trucks, apparatus and equipment, acquiring land, and constructing, remodeling and equipping new fire, police and court facilities, providing for the date, denominations, form, terms, registration privileges, maturity, interest rates and covenants of the bonds, establishing a debt service account for the bonds, and providing for the sale and delivery of such bonds to Banc of America Securities LLC, Seattle, Washington WHEREAS, by Resolution No 2866, the City Council authorized the City to acquire additional police vehicles, fire trucks, apparatus and equipment, to acquire land, construct, remodel and equip new fire, police and court facilities, to incur indebtedness, to issue no more than $12,979,000 of unlimited tax general obligation bonds maturing within 25 years to pay the costs of such construction and acquisition, and WHEREAS, at a special election held in conjunction with the primary election on September 17, 2002, the number and proportion of the voters of the City required by law for the adoption thereof voted in favor of a proposition authorizing the issuance of such bonds as authorized by Resolution No 2866, and WHEREAS, the City deems it necessary and advisable that bonds in the principal amount of $12,979,000 now be sold and issued to provide funds to pay part of the costs of acquiring additional police vehicles, fire trucks, apparatus and equipment, acquiring land, and constructing, remodeling and equipping new fire, police and court facilities and paying incidental costs and costs related to the sale and issuance of such bonds, and WHEREAS, Banc of America Securities LLC has offered, by way of the Purchase Agreement, to purchase such bonds upon the terms and conditions hereinafter set forth, NOW, THEREFORE, THE CITY OF BREMERTON DOES ORDAIN AS FOLLOWS Section 1 Definitions Unless the context otherwise requires, the terms defined in this section, for all purposes of this Ordinance (including the recitals hereto) and of any ordinance supplemental hereto, shall have the meanings herein specified, words importing the singular number include the plural number and vice versa "Beneficial Owner" means, with respect to any Bond, the Person named on the records of the Custodian as having the right, without a physical certificate evidencing such right, to transfer, to hypothecate and to receive the payment of the principal of, premium, if any, and interest on such Bond as the same becomes due and payable "Bond Fund" means the 2002 Unlimited Tax General Obligation Bond Account in the City's Bond Fund created by this Ordinance for the purpose of paying and securing the principal of and interest on the Bonds "Bond Insurer" means Ambac Assurance Corporation, a Wisconsin domiciled stock insurance company, or any successor thereto "Bonds" means the City of Bremerton, Washington, Unlrmrted Tax General Obligation Bonds, 2002, dated December 1, 2002, in an original aggregate principal amount of $12,979,000, the sale and issuance of which are authorized by this Ordinance "Bond Register" means the registration books on which are maintained the names and addresses of the Owners or nommnees of the Owners of the Bonds "Book -Entry Termination Date" means the fifth business day following the date of receipt by the Registrar of the City's request to terminate the book -entry system of registering the beneficial ownership of the Bonds "City" means the City of Bremerton, Washington, a first class city, organized and existing under State law "City Council" means the City Council of the City "Closing" means the date and time when the Bonds are delivered to the Purchaser in exchange for payment in full therefor "Code" means the Internal Revenue Code of 1986, as heretofore or hereafter amended, together with all applicable rulings and regulations heretofore or hereafter promulgated thereunder "Custodian" means (a) The Depository Trust Company, New York, New York, or (b) any successor thereto engaged by the City to operate a book -entry system for recording, through electronic or manual means, the beneficial ownership of the Bonds, in which system no physical certificates are issued to the Beneficial Owners of the Bonds, but in which a limited number of physical certificates are issued to and registered in the name of the Custodian or its nominee, and delivered to the Custodian, provided, that such book -entry system operated by the Custodian may include the use of subsystems of recording the beneficial ownership of Bonds which are 2 operated by parties other than the Custodian and the use of a nominee for the Custodian, and the term "Custodian," as used herein, includes any party operating any such subsystem "Government Obligations" means "government obligations," as defined in Chapter 39 53 RCW, as now in existence or hereafter amended "Letter of Representations" means the Blanket Issuer Letter of Representations, dated November 19, 1997, between the City and the Custodian pertaining to the payment of the Bonds and the "book- entry" system for evidencing the beneficial ownership of the Bonds prior to the Book -Entry Termination Date "MSRB" means the Municipal Securities Rulemakmg Board "NRMSIR" means a nationally recognized municipal securities information repository designated by the SEC "Ordinance" means this Ordinance No 4831 of the City "Owner" means the person named as the registered owner of a Bond on the Bond Register "Preliminary Official Statement" means the Prelirrunary Official Statement pertaining to the Bonds, dated November 12, 2002 "Project" means the acquisition of additional police vehicles, fire trucks, apparatus and equipment, acquisition of land and construction, remodeling and equipping new fire, police and court facilities "Project Fund" means the Public Safety Projects Fund of the City "Purchase Agreement" means the Bond Purchase Agreement for the Bonds by and between the City and the Purchaser, which written Purchase Agreement is on file with the City Clerk and is incorporated herein by this reference "Purchaser" means Banc of America Securities LLC "RCW" means the Revised Code of Washington, as amended "Registrar" means the fiscal agency of the State (as of the date of Closing, The Bank of New York), which fiscal agency is appointed from time to time by the State Finance Comrmttee pursuant to chapter 43 80 RCW "Rule" means SEC Rule 15c2 -12 "SEC" means the United States Securities and Exchange Commission 3 "SID" means a state information depository "State" means the State of Washington Section 2 Purpose and Description of Bonds The City authorizes the sale and issuance of its "Unlimited Tax General Obligation Bonds, 2002" for the purpose of paying part of the costs of the Project and to pay certain "incidental costs and costs related to the sale and issuance" (as defined in RCW 39 46 070) of the Bonds The Bonds shall be in the aggregate principal amount of $12,979,000, shall be dated December 1, 2002, shall be issued in fully registered form as to both principal and interest, shall be in the denomination of $5,000 each or any integral multiple thereof within a single maturity, except for one bond maturing in 2003, which shall be issued in the denomination of $4,000, shall be numbered separately in such manner and with any additional designation as the Registrar deems necessary for purposes of identification, and shall bear interest at the rates, and shall mature on the dates and in the principal amounts, all as set forth below 4 Maturity Dates (December 1) Principal Amounts Interest Rates 2003 $ 339,000 2500% 2004 325,000 2 500 2005 335,000 2 500 2006 340,000 3 000 2007 350,000 3 250 2008 365,000 3 750 2009 380,000 4 000 2010 395,000 4 000 2011 410,000 4 250 2012 425,000 4 250 2013 445,000 4 250 2014 460,000 4 250 2015 480,000 4 375 2016 505,000 4 500 2017 525,000 4 500 2018 550,000 4 625 2019 575,000 4 625 2020 600,000 4 875 2022* 1,295,000 5 250 2027* 3,880,000 5 250 * Term Bonds The Bonds shall bear interest (computed on the basis of a 360 -day year of twelve 30 -day months) from their date or from the most recent interest payment date to which interest has been paid or duly provided for, whichever is later, payable on June 1, 2003, and semiannually thereafter on December 1 and June 1 of each year to the maturity or earlier redemption thereof If any Bond is not paid upon proper presentment at its maturity date, the City shall have the obligation to pay interest at the same rate from and after such maturity date until such Bond, both principal and interest, is paid in full The Bonds shall be negotiable instruments to the extent provided by RCW 62A 8 -102 and RCW 62A 8 -105 5 On the date of issue of the Bonds, all Bonds maturing in the same maturity year shall be issued in the form of a single certificate, which certificate shall be registered in the name of the Custodian or its nominee, and delivered to the Custodian The Custodian shall hold each such Bond certificate in fully immobilized form for the benefit of the Beneficial Owners pursuant to the Letter of Representations until the earliest to occur of either (1) the date of maturity of the Bonds evidenced by such certificate, at which time the Custodian shall surrender such certificate to the Registrar for payment of the principal of and interest on such Bonds coming due on such date, and the cancellation thereof, (2) the Book -Entry Termination Date, or (3) the date the City determines to utilize a new Custodian for the Bonds, at which time the old Custodian shall (provided the City is not then in default of any payment then due on the outstanding Bonds) surrender the immobilized certificates to the Registrar for transfer to the new Custodian and cancellation as herein provided For so long as any outstanding Bonds are registered in the name of the Custodian or its nominee and held by the Custodian in fully immobilized form as described in this Section 2, the rights of the Beneficial Owners shall be evidenced solely by an electronic and/or manual entry made from time to time on the records established and maintained by the Custodian in accordance with the Letter of Representations, and no certificates evidencing such Bonds shall be issued and registered in the name of any Beneficial Owner or such Beneficial Owner's nominee The City may terminate the "book- entry" system of registering ownership of the Bonds at any time (provided the City is not then in default of any payment then due on the outstanding Bonds) by delivering to the Registrar (a) a written request that it issue and deliver Bond certificates to each Beneficial Owner or such Beneficial Owner's nominee on the Book -Entry 6 Termination Date, (b) a list identifying the Beneficial Owners as to both name and address, and (c) a supply of Bond certificates, if necessary for such purpose Upon surrender to the Registrar of the immobilized certificates evidencing all of the then outstanding Bonds, the Registrar shall issue and deliver new certificates to each Beneficial Owner or such Beneficial Owner's duly appointed agent, naming such Beneficial Owner or such Beneficial Owner's nommee as the Owner thereof Such certificates may be in any integral multiple of $5,000 within a single maturity, except for one bond maturing in 2003, which shall be issued in the denomination of $4,000 Following such issuance, the Owners of such Bonds may transfer and exchange such Bonds in accordance with Section 10 hereof Neither the City nor the Registrar shall have at any time any responsibility or liability to any Beneficial Owner of Bonds or to any other person for any error, omission, action or failure to act on the part of the Custodian with respect to payment, when due, to the Beneficial Owner of the principal and interest on the Bonds, proper recording of beneficial ownership of Bonds, proper transfers of such beneficial ownership, or any notices to Beneficial Owners or any other matter pertaining to the Bonds Section 3 Place Manner and Medium of Payment Both the principal of and interest on the Bonds shall be payable in lawful money of the United States of America Prior to the Book - Entry Termination Date, the principal and interest on the Bonds shall be paid by the Registrar to the Custodian as the Owner thereof, for the benefit of the Beneficial Owners thereof, in accordance with the Letter of Representations From and after the Book -Entry Termination Date, interest on the Bonds shall be paid by check or draft marled on or before the interest payment date, to the persons identified as the Owners on the fifteenth day of the month preceding the interest payment date at the addresses 7 shown for the Owners on the Bond Register From and after the Book -Entry Termination Date, principal of the Bonds shall be payable upon presentation and surrender of the Bonds by the Owners at the principal corporate trust office of the Registrar Section 4 Redemption Partial Redemption, Notice, Open Market Purchase, Cancellation The Bonds maturing on December 1 in the years 2022 and 2027 are term bonds (the "Term Bonds ") and, if not previously purchased by the City in the open market or optionally redeemed as set forth below, are subject to mandatory sinking fund redemption in part and by lot (in such manner as the Registrar shall determine), at par plus accrued interest to the redemption - date on December 1 in the following years and in the following mandatory sinking fund redemption amounts Mandatory Sinking Fund Redemption Dates Mandatory Sinking Fund (December 1) Redemption Amounts 2021 $630,000 2022* 665,000 2023 700,000 2024 735,000 2025 775,000 2026 815,000 2027* 855,000 * Scheduled Maturity The Bonds maturing in the years 2003 through 2012, inclusive, shall not be subject to redemption prior to maturity The Bonds maturing on or after December 1, 2013 shall be subject to redemption prior to maturity at the option of the City, in whole or in part on any date (maturities to be selected by the City and by lot within a maturity in such manner as the Registrar shall determine), commencing on December 1, 2012, at a price of par plus accrued 8 a interest to the date of redemption If the City shall optionally redeem Term Bonds or purchase Term Bonds in the open market, the par amount of the Term Bonds so redeemed or purchased (irrespective of their actual redemption or purchase prices) shall be credited against one or more scheduled mandatory redemption amounts for such Term Bonds (as allocated by the City) beginning not earlier than 60 days after the date of the optional redemption or purchase, and the City shall promptly notify the Registrar in writing of the manner in which the credit for the Term Bonds so redeemed or purchased has been allocated Any Bond in the principal amount of greater than $5,000 may be partially redeemed in any integral multiple of $5,000 Prior to the Book -Entry Termination Date, Bonds shall be partially redeemed in accordance with the Letter of Representations From and after the Book - Entry Termination Date, in the event of a partial redemption of a Bond, upon surrender of such Bond at the principal corporate trust office of the Registrar, a new Bond or Bonds (at the option of the Owner) of the same maturity and interest rate and in the aggregate principal amount remaining unredeemed shall be authenticated and delivered to the Owner, without charge to the Owner therefor, in any denomination authorized by this Ordinance and selected by the Owner Prior to the Book -Entry Termination Date, the Registrar shall give, or cause to be given, notice of a call for redemption of any Bonds to the Custodian, as the Owner thereof, for the benefit of the Beneficial Owners thereof, in accordance with the Letter of Representations From and after the Book -Entry Termination Date, notice of any such intended redemption shall be given by or on behalf of the City not less than 30 nor more than 60 days prior to the date fixed for redemption by first -class mail, postage prepaid, to the Owner of each Bond to be redeemed at the address appearing on the Bond Register on the day the notice is given The requirements of this section shall be deemed to be complied with when notice is mailed as herein provided, 9 whether or not it is actually received by the Owner In addition, such redemption notice shall be mailed within the same time period, postage prepaid, to each NRMSIR and to Moody's Investors Service Inc , and to the Bond Insurer, or their respective successors, but such mailings shall not be a condition precedent to the redemption of such Bonds If such notice to the Owners shall have been given and the City shall have set aside sufficient money for the payment of all Bonds called for redemption on the date fixed for redemption, the Bonds so called shall cease to accrue interest after such redemption date, and all such Bonds shall be deemed not to be outstanding hereunder for any purpose, except that the Owners of such Bonds shall be entitled to receive payment of the redemption price and interest accrued on the principal of the Bonds to the redemption date from the money set aside for such purpose The City reserves the right to purchase any or all of the Bonds on the open market at any time and at any price. All Bonds purchased or redeemed by the City shall be surrendered to the Registrar for cancellation Section 5 Debt Limit Not Exceeded The City finds and covenants that the Bonds are issued within all constitutional and statutory debt limitations presently applicable to the City Section 6 Pledge of Full Faith, Credit and Resources The Bonds are unlimited tax general obligations of the City The City hereby irrevocably covenants that, unless the principal of and interest on the Bonds are paid from other sources, so long as the Bonds are outstanding, it will include in its budgets and make annual levies of taxes without limitation as to rate or amount upon all of the property in the City subject to taxation in amounts sufficient, together with any other money legally available therefor, to pay the principal of and interest on the Bonds as the 10 same shall become due The City hereby irrevocably pledges its full faith, credit and resources to the annual levy and collection of such taxes and for the prompt payment of such principal and interest Section 7 Form of Bonds The Bonds shall be typewritten, printed or lithographed on good bond paper in a form consistent with this Ordinance and Washington law Section 8 Execution of Bonds The Bonds shall be signed on behalf of the City with the facsimile or manual signatures of the Mayor and the City Clerk, and shall have the seal of the City impressed or a facsimile thereof imprinted thereon In case either or both of the officers who shall have executed any Bond shall cease to be such officer or officers of the City before the Bond so signed shall have been authenticated or delivered by the Registrar or issued by the City, such Bond nevertheless may be authenticated, delivered and issued and upon such authentication, delivery and issuance, shall be as binding upon the City as though those who signed the same had continued to be such officers of the City Any Bond also may be signed and attested on behalf of the City by such persons as at the actual date of execution of such Bond shall be the proper officers of the City although at the original date of such Bond such persons were not such officers of the City Section 9 Authentication and Delivery of Bonds by Registrar The Registrar is authorized and directed, on behalf of the City, to authenticate and dehver Bonds initially issued or transferred or exchanged in accordance with the provisions of such Bonds and this Ordinance Only such Bonds as shall bear thereon a "Certificate of Authentication" manually executed by an authorized signatory of the Registrar shall be valid or obligatory for any purpose or entitled to the benefits of this Ordinance Such Certificate of Authentication shall be 11 conclusive evidence that the Bonds so authenticated have been duly executed, authenticated and delivered hereunder and are entitled to the benefits of this Ordinance The Registrar shall be responsible for its representations contained in the Certificate of Authentication on the Bonds Section 10 Registration, Transfer and Exchange The Registrar shall keep, or cause to be kept, the Bond Register at its principal corporate trust office The City and the Registrar, each in its discretion, may deem and treat the Owner of each Bond as the absolute owner thereof for all purposes, and neither the City nor the Registrar shall be affected by any notice to the contrary Payment of any such Bond shall be made only as described in Section 3 hereof, but such registration may be transferred as herein provided All such payments made as provided in Section 3 hereof shall be valid and shall satisfy and discharge the liability of the City upon such Bond to the extent of the amount or amounts so paid The registered ownership of any Bond may be transferred Prior to the Book -Entry Termination Date, the beneficial ownership of the Bonds may only be transferred on the records established and maintained by the Custodian On and after the Book -Entry Termination Date, no transfer of any Bond shall be valid unless it is surrendered at any principal corporate trust office of the Registrar, with the assignment form appearing on such Bond duly executed by the Owner or such Owner's duly authorized agent, in a manner satisfactory to the Registrar Upon such surrender, the Registrar shall cancel the surrendered Bond and shall authenticate and deliver, without charge to the Owner or transferee therefor (other than any governmental fees or taxes payable on account of such transfer), a new Bond or Bonds (at the option of the new Owner), of the same maturity and interest rate and for the same aggregate principal amount, in any 12 authorized denomination, naming as Owner the person or persons listed as the assignee on the assignment form appearing on the surrendered Bond, in exchange for such surrendered and cancelled Bond On and after the Book -Entry Termination Date, any Bond may be surrendered at the principal corporate trust office of the Registrar and exchanged, without charge, for an equal aggregate principal amount of Bonds, in any authorized denomination The Registrar shall not be obligated to transfer or exchange any Bond during the 15 days preceding an interest or principal payment or redemption date The Registrar may become the Owner of any Bond with the same rights it would have if it were not a Registrar and, to the extent permitted by law, may act as depository for and permit any of its officers or directors to act as a member of, or in any other capacity with respect to, any committee formed to protect the rights of the Owners of the Bonds The City covenants that, until all Bonds shall have been surrendered and cancelled, it will maintain a system of recording the ownership of each Bond that complies with the provisions of the Code Section 11 Mutilated, Lost, Stolen or Destroyed Bonds If any Bond becomes mutilated, lost, stolen or destroyed, the Registrar may authenticate and deliver a new Bond of the same maturity and interest rate and of like tenor and effect in substitution therefor, all in accordance with law If such mutilated, lost, stolen or destroyed Bond has matured, the City at its option, may pay the same without the surrender thereof However, no such substitution or payment shall be made unless and until the applicant shall furnish (a) evidence satisfactory to the Registrar of the destruction or loss of the original Bond and of the ownership thereof, and (b) such additional security, indemnity or evidence as may be required by or on behalf of the 13 City No substitute Bond shall be furnished unless the applicant shall reimburse the City and the Registrar for their respective expenses in the furnishing thereof Any such substitute Bond so furnished shall be equally and proportionately entitled to the security of this Ordinance with all other Bonds issued hereunder I Section 12 Defeasance If money and/or "Government Obligations" (as such obligations are defined in Chapter 39 53 RCW, as now in existence or hereafter amended) maturing at such times(s) and bearing such interest to be earned thereon (without any reinvestment thereof) as will provide a series of payments which shall be sufficient, together with any money initially deposited, to provide for the payment of the principal of and interest on all or a portion of the Bonds, when due in accordance with their terms in accordance with a refunding plan adopted by the City, are set aside in a special fund (hereinafter called the "trust account ") to effect such payment and are pledged irrevocably for the purpose of effecting such payment, then no further payments need be made into the Bond Fund for the payment of the principal of and the interest on such Bonds, the Owners thereof shall cease to be entitled to any hen, benefit or security of this Ordinance except for the right to receive the money and the principal and interest proceeds on the obligations set aside in the trust account, and such Bonds shall no longer be deemed to be outstanding hereunder Notwithstanding anything herein to the contrary, in the event that the principal and/or interest due on the Bonds shall be paid by the Bond Insurer pursuant to the Financial Guaranty Insurance Policy, the Bonds shall remain outstanding for all purposes, not be defeased or otherwise satisfied and not be considered paid by the City, and the covenants, agreements and other obligations of the City to the Owners shall continue to exist and shall run to the benefit of the Bond Insurer, and the Bond Insurer shall be subrogated to the rights of such Owners 14 Section 13 Sale of the Bonds The Purchaser has presented the Purchase Agreement to the City pursuant to which the Purchaser has offered to purchase the Bonds, under the terms and conditions provided in the Purchase Agreement, which written Purchase Agreement is on file with the City Clerk and is incorporated herein by this reference The City Council finds that entering into the Purchase Agreement is in the City's best interest and therefore accepts the offer contained in the Purchase Agreement and authorizes the execution of the Purchase Agreement by City officials The Bonds will be prepared at City expense and will be delivered to the Purchaser in accordance with the terms of the Purchase Agreement with the approving legal opinion of the City's bond counsel relative to the issuance of the Bonds printed on each Bond or attached thereto Bond counsel has not been engaged to participate in the preparation or review of, or express any opinion concerning the completeness or accuracy of the official statement or other disclosure documentation used in connection with the offer or sale of the Bonds by any person, and bond counsel's opinion shall so state Bond counsel has not been retained to monitor, and shall not be responsible for monitoring, the City's compliance with any federal law or regulations to maintain the tax- exempt status of the interest on the Bonds Section 14 Delivery of Bonds, Temporary Bonds The proper City officials, including the City Finance Director, are authorized and directed to execute and/or approve, as appropriate, all documents, including but not limited to, the final Official Statement pertaining to the Bonds and the commitment from the Bond Insurer for the issuance of an insurance policy for the Bonds, and to do everything necessary for the preparation and delivery of a transcript of proceedings pertaining to the Bonds, and the printing, execution and prompt delivery of the Bonds to the Purchaser and for the proper application and use of the proceeds of the sale thereof 15 If definitive Bonds are not ready for delivery by the date established for Closing, the City Finance Director, upon the approval of the Purchaser, may cause to be issued and delivered to the Purchaser one or more temporary Bonds with appropriate omissions, changes and additions Any temporary Bond or Bonds shall be entitled and subject to the same benefits and provisions of this Ordinance with respect to the payment, security and obligation thereof as definitive Bonds authorized hereby Such temporary Bond or Bonds shall be exchangeable without cost to the Owners thereof for definitive Bonds when the latter are ready for delivery Section 15 Establishment of Bond Fund, Application of Bond Proceeds There is hereby created and established in the office of the City Finance Director a special account in the City's Bond Fund to be designated as the "2002 Unlimited Tax General Obligation Bond Account" (the "Bond Fund ") The accrued interest on the Bonds received by the City upon the sale of the Bonds, if any, shall be deposited into the Bond Fund and shall be applied to the payment of interest coming due on the Bonds All of the remaining net proceeds of the Bonds shall be deposited by the City into the Project Fund to pay the costs of the Project, incidental costs thereto and costs of issuance of the Bonds Section 16 Tax - Exemption The City covenants that it will not take or permit to be taken on its behalf any action that would adversely affect the exclusion of the interest on the Bonds from gross income for purposes of federal income taxation, and will take or require to be taken such acts as may be permitted by Washington law and as may from time to time be required under applicable law to continue the exclusion of the interest on the Bonds from gross income for purposes of federal income taxation Without limiting the generality of the foregoing, the City will not invest or make or permit any use of the proceeds of the Bonds or of 16 its other money at any time during the term of the Bonds which would cause the Bonds to be "arbitrage bonds" within the meaning of Section 148 of the Code The City has not been notified of any listing or proposed listing by the Internal Revenue Service to the effect that the City is a bond issuer the arbitrage certifications of which may not be relied upon Section 17 Preliminary Official Statement Declaration The City has been provided with copies of the Preliminary Official Statement, prepared in connection with the sale of the Bonds For the sole purpose of the Purchaser's compliance with Securities and Exchange Commission Rule 15c2- 12(b)(1), the City "deems final" the Preliminary Official Statement, as of its date, except for the omission of information on offering prices, interest rates, selling compensation, delivery dates, ratings, other terms of the Bonds dependent on such matters Section 18 Undertaking to Provide Continuing Disclosure This section constitutes the City's written undertaking for the benefit of the Owners and the Beneficial Owners of the Bonds required by subsection (b)(5)(i) of the Rule The City hereby agrees to provide or cause to be provided to each then existing NRMSIR and to the SID, if one is created, and to the Bond Insurer the following annual financial information and operating data (collectively, the "Annual Financial Information ") for each prior fiscal year, commencing with the fiscal year ending December 31, 2002, on or before the last day of the ninth month following the end of such prior fiscal year (a) Annual financial statements prepared in accordance with the generally accepted accounting principles applicable to governmental units, as such principles may be changed from time to time and as permitted by State law, which statements will not be audited, except that if 17 and when audited financial statements are otherwise prepared and available to the City, they will be provided (the "Annual Financial Statements "), (b) Authorized, issued and outstanding balance of general obligation bonds, (c) The assessed valuation for the fiscal year (d) The regular property tax levy rate and excess property tax levy rate for the fiscal year, and (e) A narrative explanation of the reasons for any amendments to this Section 18 made during the previous fiscal year and the impact of such amendments on the Annual Financial Information being provided In its provision of such Annual Financial Information, the City may cross - reference to any "final official statement" (as defined in the Rule) available from the MSRB or any other documents theretofore provided to each then existing NRMSIR or the SID, if one is created The City further agrees to provide or cause to be provided, in a timely manner, to the SID, if one is created, and to either the MSRB or each then existing NRMSIR and to the Bond Insurer, notice of any of the following events with respect to the Bonds, if material 1 Principal and interest payment delinquencies, 2 Non - payment related defaults, 3 Unscheduled draws on debt service reserves reflecting financial difficulties, 4 Unscheduled draws on credit enhancements reflecting financial difficulties, 5 Substitution of credit or liquidity providers, or their failure to perform, 18 6 Adverse tax opinions or events affecting the tax- exempt status of the Bonds, 7 Modifications to rights of the Owners of the Bonds, 8 Optional redemptions of the Bonds, 9 Defeasances of the Bonds, 10 Release, substitution or sale of property securing repayment of the Bonds, and 11 Rating changes The City also agrees to provide or cause to be provided, in a timely manner, to the SID, if one is created, and to either the MSRB or each then existing NRMSIR and to the Bond Insurer, notice of its failure to provide the Annual Financial Information for the prior fiscal year on or before the last day of the ninth month following the end of such prior fiscal year After the issuance of the Bonds, so long as the interests of the Owners or Beneficial Owners of the Bonds will not be materially impaired thereby, as determined by a party unaffiliated with the City (including, without limitation, a trustee for the Owners, nationally recognized bond counsel or other counsel familiar with the federal securities law), or pursuant to a favorable "no- action letter" issued by the SEC, this Section 18 may only be amended in connection with any change in legal requirements, change in law, or change in the identity, nature or status of the obligated person, or type of business conducted, and only in such a manner that the undertaking of the City, as so amended, would have complied with the requirements of the Rule at the time of the primary offering, after taking into account any amendments or interpretations of the Rule, as well as any change in circumstances 19 The City's obligations to provide Annual Financial Information and notices of certain events shall terminate without amendment upon the defeasance, prior redemption or payment in full of all of the then outstanding Bonds This Section 18 or any provision hereof, shall be null and void if the City (i) obtains an opinion of nationally recognized bond counsel or other counsel familiar with the federal securities laws to the effect that those portions of the Rule which require this Section 18 or any such provision are invalid, have been repealed retroactively or otherwise do not apply to the City, and (ii) notifies and provides the SID, if any, and either the MSRB or each then existing NRMSIR with copies of such opinion The right of each Owner and Beneficial Owner of Bonds to enforce the provisions of this Section 18 shall be limited to the right to obtain specific enforcement of the City's obligations under this Section 18, and any failure by the City to comply with the provisions of this undertaking shall not be a default with respect to the Bonds under this Ordinance The City Finance Director is authorized and directed to take such further action on behalf of the City as may be necessary, appropriate or convenient to carry out the requirements of this Section 18 Section 19 Contract, Severability The covenants contained in this Ordinance shall constitute a contract between the City and the Owners of each and every Bond The City unconditionally covenants that it will keep and perform all of the covenants of the Bonds and this Ordinance If any one or more of the provisions of this Ordinance shall be declared unconstitutional or invalid for any reason, such decision shall not affect the validity of the remaining provisions of this Ordinance or the Bonds, and this Ordinance and the Bonds shall be construed and enforced as if such unconstitutional or invalid provision had not been contained herein 20 Section 20 Effective Date This Ordinance shall take effect and be in full force ten days after passage and publication of an approved summary, consisting of the title APPROVED by the City Council of the City of Bremerton, Washington, the 20` day of November, 2002 PASSED by the City Council of the City of Bremerton, Washington, this 20` day of November, 2002 c�� at'e�--e� Council President APPROVED this _ day of November, 2002 Cary Bozeman, Mayor ATTEST Kathleen McCluskey, dity Clerk APPROVED AS TO FORM B y r'4'c Judith Andrews, Bond Counsel PUBLISHED EFFECTIVE DATE 42 - a - O a ORDINANCE NO YJJZ 21 < 5 - K I S t ` 9 ADMINISTRATIVE SERVICES Director Kathleen McCluskey kmccluskey&I bremerton wa us July 26, 2002 Suzanne Boltz Assistant Elections Manager Kitsap County Auditor - Elections Division 1026 Sidney Avenue, Suite 175 Port Orchard, Washington 98366-4206 Dear Ms Boltz. Enclosed are a certified and a duplicate copy of Resolution #2866 approving the submittal of a public safety bond issue This should be placed on the September 17, 2002 primary election ballot. Please sign and date the duplicate resolution and return to my attention. Sincerely, Kathleen McCluskey Administrative Services Director KLM ch enclosure AGENDA BILL BREMERTON CITY COUNCIL 1. SUBJECT FOR AGENDA OF: 7/24/02 ORIGINATING DEPT: Executive Resolution No. a8(v ORIGINATOR Mayor Bozeman Public Safety Bond Issue DATE SUBMITTED: 7/3/02 2. CLEARANCES: 3. EXHIBITS Attorney Resolution OD. 2`a ("A Fiscal & Budget rA K $eSSio►') 'J3 /o7.. Operations YAorA e. Sin' S t_Ssi�n 7 /3Joa ENDORSEMENT INFO `j T: 0- APPROVED BY COUNCIL PRESIDENT FOR SUBMITTAL. MAYOR "� COUNCIL PRESIDENT 4. SUMMARY STATEMENT AND REQUIREMENT FOR COUNCIL ACTION The attached resolution will allow the public to vote at the September 17, 2002 Primary Election on a proposition which would authorize the City to acquire additional police patrol vehicles; acquire four additional fire trucks, apparatus and related equipment; construct, remodel and equip a new Fire Station and Police and Court facility with related offices. To issue no more than $12.979 million of unlimited tax general obligation bonds maturing within 25 years to pay the costs of such construction and acquisition and levy annual excess property taxes to pay and retire the bonds. This amounts to approximately $.59/$1,000 in the first year of the bond issue to $.33/$1,000 in the final year. For the individual homeowner whose property is valued at $100,000 this equates to $4.90 per month in 2003 property taxes decreasing to $2.74 per month in 2027. 8. RECOMMENDATION Q Motion to approve Resolution No. � /_ Uw5 providing for the submission to the registered voters of the city at the 9/17/2002 primary election a ballot proposition for Public Safety purposes in the amount of $12.979 million. 9. RESPONSIBLE OFFICIAL• Executive ENFORCEMENT OFFICIAL: Executive EXPIRATION DATE: /A REVIEW DATE: N/A 10. NOTICE OF ACTION PULLED TABLED APPROVED J/ DISAPPROVED AMENDED COUNCIL DIRECTIVE: Sf C'�S /� a I J Date: V /J //C 11. AGENDA BILL NO: I 2. CLEARANCE COMMENTS (cont.) 4. SUMMARY STATEMENT (cont.) 5. IMPACT ON NON- PASSAGE We will need to reassess how to adequately finance the City's public safety needs. 6. IMPACT ON STAFFING, BUDGETS, FACILITIES, EQUIPMENT OR OTHER RESOURCES This will not impact the City General fund if the ballot proposition passes. 7. RESEARCH SOURCES 8 P SUZANNE M BOLTZ Assistant Elections Manager wasHiwcTa+ Kitsap County Auditor - Elections Division 1026 Sidney Ave, Suite 175 Port Orchard, WA 98366 -4206 (360)337 -7128 sboltz@co lutsap wa us FAX (360) 337 -5769 CITY OF BREMERTON 239 4TH STREET BREMERTON WA 98337 FAX NUMBER (360) 478 -5200 FAX COVER SHEET DATE SENT: TIME: TO: FAX NUMBER: ( 33 7 S7" 9 SENDER: 5 7/2 SUBJECT: NUMBER OF PAGES INCLUDING COVER SHEET: 4 COMMENTS: IL !!F// Z /Q.,* RESOLUTION NO. a 3 A RESOLUTION of the City Council of the City of Bremerton, Washington, making a finding, providing for the submission to the registered voters of the City at a special election to be held in conjunction with the primary election on September 17, 2002, of a proposition authorizing the City to acquire additional police vehicles, fire trucks, apparatus and equipment, to acquire land, construct, remodel and equip new fire, police and court facilities, to incur indebtedness, to issue no more than $12,979,000 of unlimited tax general obligation bonds maturing within 25 years to pay the costs of such construction and acquisition, and to levy annual excess property taxes to pay and retire such bonds, and declaring an emergency WHEREAS, the City Council of the City of Bremerton, Washington (the "City"), finds it in the best interests of the City to acquire additional police vehicles, fire trucks, apparatus and equipment, to acquire land, construct, remodel and equip new fire, police and court facilities, and WHEREAS, in order to provide all or part of the funds necessary to accomplish such project, the City Council finds it necessary, proper and advisable that the City incur indebtedness, issue no more than $12,979,000 of unlimited tax general obligation bonds maturing within 25 years to pay the costs of such construction and acquisition, and levy annual excess property taxes to pay and retire such bonds, and WHEREAS, by law the proposition of whether the City may incur such indebtedness and issue such bonds for such purposes must be submitted to the registered voters of the City for their ratification or refection, NOW THEREFORE, THE CITY COUNCIL OF THE CITY OF BREMERTON, WASHINGTON, DOES HEREBY RESOLVE AS FOLLOWS SECTION 1. Finding and Estimated Costs, of Project The City Council deems it to be in the best interests of the City and its citizens to acquire additional police vehicles, fire Pubhc Safety Bond 1 L trucks, apparatus and equipment, to acquire land, construct, remodel and equip new fire, police and court facilities (the "Project ") The estimated cost of the Protect, including the costs of issuing and selling the bonds authorized by this resolution, is declared to be, as nearly as may be determined, $12,979,000 S CT OAT 2. ProDnsal to Tssup Rands_ Subject to the approval of the registered voters of the City, the City hereby authorizes the incurrence of indebtedness and the issuance of the bonds therefor in an aggregate principal amount not to exceed $12,979,000 (the "Bonds ") for the purpose of providing all or part of the money necessary to pay the capital costs of the Project The term "capital costs," as used in this Section, shall be construed consistently with the term "capital purposes" in Article VII, Section 2(b) of the Washington Constitution and RCW 84 52 056, but, subject thereto, may include the costs of (1) property acquisition, including leasing and acquiring purchase options, (u) engineering, design, demolition and other site preparation, and (ui) planning, financial, legal and other services lawfully incurred incident to accomplishing the Project and its financing, including the incidental costs and costs related to the sale and issuance of the Bonds, provided, however, the term "capital costs" shall not include maintenance, operation or costs for replacement of equipment The Bonds shall bear such date or dates, shall mature at such time or tunes not to exceed 25 years from the date of issuance thereof, shall be issued in such denominations, shall bear such terms, conditions and covenants, shall be in such form, shall bear interest at such fixed or variable rate or rates, shall bear such redemption and registration privileges, and shall be sold in such manner, at such time or tunes, in such amounts and at such price or prices as the City Council shall hereafter determine by ordinance The Bonds may be issued in one or more series, either separately or in combination with other authorized general obligation bonds of the City The Bonds shall be general obligations of the City and, unless paid from other sources, both the principal thereof and the interest thereon shall be payable from annual property tax levies, if authorized by the registered voters as provided in Section 4 of this resolution, upon all taxable property within the City in excess of all regular property tax levies, without limitation as to rate or amount Public Safety Bond 2 NF.C.'TION 3. 'Short - Term nblig t,� ons Subject to the approval by the registered voters of the City of the issuance of the Bonds to pay the capital costs of the Project, the City may, by ordinance, provide for the issuance of short-term obligations in anticipation of the issuance of the approved Bonds in accordance with the provisions of RCW 39 50 The aggregate principal amount of all such short-term obligations and Bonds outstanding at any time shall not exceed $12,979,000 SECTION 4. Submission to Voters_ The City Council finds that an urgent need exists for the Project and declares that an emergency exists requiring submission to the registered voters of the City of the proposition authorizing the incurrence of indebtedness and the issuance of the Bonds to pay the capital costs of the Project at a special election to be held in conjunction with the primary election on September 17, 2002 The Kitsap County Auditor, as ex officio supervisor of elections, is hereby requested to find the existence of such emergency pursuant to RCW 29 13, and is requested to assume jurisdiction of and to call and conduct a special election, to submit to the registered voters of the City the proposition set forth below The City Clerk is hereby authorized and directed to certify said proposition to the Kitsap County Auditor in substantially the following form, with such additions, deletions or modifications as may be required by the City Attorney THE CITY OF BREMERTON, WASHINGTON PROPOSITION NO 1 PUBLIC SAFETY FACILITIES BONDS The City Council of the City of Bremerton, Washington, adopted Resolution No 2&3 concerning a proposition for financing, constructing, remodeling and acquiring new public safety facilities and equipment This proposition, if approved, will authorize the City to acquire additional police vehicles, fire trucks, apparatus and equipment, to acquire land, construct, remodel and equip new fire, police and court facilities, to incur indebtedness and issue no more than $12,979,000 of general obligation bonds maturing within 25 years to pay the costs thereof, and to levy annual excess property taxes to pay such bonds, as provided in Resolution No ,2&3 Should this proposition be Public Safety Bond APPROVED REJECTED The City Clerk is hereby authorized to deliver a certified copy of this resolution to the Kitsap County Auditor SECTIONS. Sever- bffi4 If anyone or more of the provisions of this resolution shall be declared unconstitutional or invalid for any reason, such decision shall not affect the validity of the remaining provisions of this resolution, the Bonds or any short-term obligations issued in anticipation thereof, and this resolution, the Bonds and any short-term obligations issued in anticipation thereof shall be construed and enforced as if such unconstitutional or invalid provisions had not been contained herein 4 .('TTnN h. Effertwe Date_ This Resolution shall take effect and be in force immediately upon its passage PASSED by the City Council of the City of Bremerton, Washington this day of t 2002 CAROL ARENDS, Council President APPROVED AS TO FORM ATTEST ROGER A LUBOVICH, City Attorney KATHLEEN MCCLUSKEY, City Clerk Public Safety Bond 4 TRANSMISSION VERIFICATION REPORT TIME 07/25/2002 11 DATE DIME 07/25 11 03 FAX NO /NAME 93375769 PAGE(S) DURATION 0501 33 RESULT OK MODE STANDARD ECM AGENDA BILL BREMERTON CITY COUNCIL 1. SUBJECT FOR AGENDA OF: 7/24/02 ORIGINATING DEPT: Executive Resolution No 4 c ,3 ORIGINATOR: Mayor Bozeman Public Safety Bond Issue DATE SUBMITTED: 7/3/02 2. CLEARANCES: 3. EXHIBITS Attorney Resolution ( D. 2 (a3 Fiscal & Budget MOK Se55ia1'� Operations W�y�„t cAV <, S eSgion `7f 3/0� ENDORSEMENT /7 INFO /K APPROVED BY COUNCIL PRESIDENT FOR SUBMITTAL: --� -- MAYOR 1 COUNCIL PRESIDENT Z az 4. SUMMARY STATEMENT AND REQUIREMENT FOR COUNCIL ACTION: The attached resolution will allow the public to vote at the September 17, 2002 Primary Election on a proposition which would authorize the City to acquire additional police patrol vehicles; acquire four additional fire trucks, apparatus and related equipment; construct, remodel and equip a new Fire Station and Police and Court facility with related offices. To issue no more than $12.979 million of unlimited tax general obligation bonds maturing within 25 years to pay the costs of such construction and acquisition and levy annual excess property taxes to pay and retire the bonds. This amounts to approximately $.59/$1,000 in the first year of the bond issue to $.33/$1,000 in the final year. For the individual homeowner whose property is valued at $100,000 this equates to $4.90 per month in 2003 property taxes decreasing to $2.74 per month in 2027. 8. RECOMMENDATION Motion to approve Resolution No., providing for the submission to the registered voters of the city at the 9/17/2002 primary election a ballot proposition for Public Safety purposes in the amount of $12.979 million. 9. RESPONSIBLE OFFICIAL. Executive ENFORCEMENT OFFICIAL: Executive EXPIRATION DATE: /A REVIEW DATE: N/A 10. NOTICE OF ACTION PULLED TABLED APPROVED t/ DISAPPROVED AMENDED COUNCIL DIRECTIVE: e� 0 Sj Date: v 4k I /�o / 11. AGENDA BILL N0: j 2. CLEARANCE COMMENTS (cont.) 4. SUMMARY STATEMENT (cont.) 5. IMPACT ON NON- PASSAGE We will need to reassess how to adequately finance the City's public safety needs. 6. IMPACT ON STAFFING, BUDGETS, FACILITIES, EQUIPMENT OR OTHER RESOURCES This will not impact the City General fund if the ballot proposition passes. 7. RESEARCH SOURCES RESOLUTION NO. A RESOLUTION of the City Council of the City of Bremerton, Washington, making a finding, providing for the submission to the registered voters of the City at a special election to be held in conjunction with the primary election on September 17, 2002, of a proposition authorizing the City to acquire additional police vehicles, fire trucks, apparatus and equipment, to acquire land, construct, remodel and equip new fire, police and court facilities, to incur indebtedness, to issue no more than $12,979,000 of unlimited tax general obligation bonds maturing within 25 years to pay the costs of such construction and acquisition, and to levy annual excess property taxes to pay and retire such bonds, and declaring an emergency WHEREAS, the City Council of the City of Bremerton, Washington (the "City"), finds it in the best interests of the City to acquire additional police vehicles, fire trucks, apparatus and equipment, to acquire land, construct, remodel and equip new fire, police and court facilities, and WHEREAS, in order to provide all or part of the funds necessary to accomplish such project, the City Council finds it necessary, proper and advisable that the City incur indebtedness, issue no more than $12,979,000 of unlimited tax general obligation bonds maturing within 25 years to pay the costs of such construction and acquisition, and levy annual excess property taxes to pay and retire such bonds, and WHEREAS, by law the proposition of whether the City may incur such indebtedness and issue such bonds for such purposes must be submitted to the registered voters of the City for their ratification or refection, NOW THEREFORE, THE CITY COUNCIL OF THE CITY OF BREMERTON, WASHINGTON, DOES HEREBY RESOLVE AS FOLLOWS SECTION 1_ Finding and Fstlmated C'.nctc of Project The City Council deems it to be in the best interests of the City and its citizens to acquire additional police vehicles, fire Public Safety Bond 1 trucks, apparatus and equipment, to acquire land, construct, remodel and equip new fire, police and court facilities (the "Project ") The estimated cost of the Project, including the costs of issuing and selling the bonds authorized by this resolution, is declared to be, as nearly as may be determined, $12,979,000 SR('T70N 2. Proposal to Tssne Ronds_ Subject to the approval of the registered voters of the City, the City hereby authorizes the incurrence of indebtedness and the issuance of the bonds therefor in an aggregate principal amount not to exceed $12,979,000 (the "Bonds ") for the purpose of providing all or part of the money necessary to pay the capital costs of the Project The term "capital costs," as used in this Section, shall be construed consistently with the term "capital purposes" in Article VII, Section 2(b) of the Washington Constitution and RCW 84 52 056, but, subject thereto, may include the costs of (1) property acquisition, including leasing and acquiring purchase options, (ii) engineering, design, demolition and other site preparation, and (in) planning, financial, legal and other services lawfully incurred incident to accomplishing the Project and its financing, including the mcidental costs and costs related to the sale and issuance of the Bonds, provided, however, the term "capital costs" shall not include maintenance, operation or costs for replacement of equipment The Bonds shall bear such date or dates, shall mature at such time or tunes not to exceed 25 years from the date of issuance thereof, shall be issued in such denominations, shall bear such terms, conditions and covenants, shall be in such form, shall bear interest at such fixed or variable rate or rates, shall bear such redemption and registration privileges, and shall be sold in such manner, at such time or times, in such amounts and at such price or prices as the City Council shall hereafter determine by ordinance The Bonds may be issued in one or more series, either separately or in combination with other authorized general obligation bonds of the City The Bonds shall be general obligations of the City and, unless paid from other sources, both the principal thereof and the interest thereon shall be payable from annual property tax levies, if authorized by the registered voters as provided in Section 4 of this resolution, upon all taxable property within the City in excess of all regular property tax levies, without limitation as to rate or amount Public Safety Bond 2 I SECTION 3. short -Term Obl, tea .,nns" Subject to the approval by the registered voters of the City of the issuance of the Bonds to pay the capital costs of the Project, the City may, by ordinance, provide for the issuance of short-term obligations in anticipation of the issuance of the approved Bonds in accordance with the provisions of RCW 39 50 The aggregate principal amount of all such short-term obligations and Bonds outstanding at any time shall not exceed $12,979,000 SECTION4. R„ hm,ss,on to Voters_ The City Council finds that an urgent need exists for the Project and declares that an emergency exists requiring submission to the registered voters of the City of the proposition authorizing the incurrence of indebtedness and the issuance of the Bonds to pay the capital costs of the Project at a special election to be held in conjunction with the primary election on September 17, 2002 The Kitsap County Auditor, as ex officio supervisor of elections, is hereby requested to find the existence of such emergency pursuant to RCW 29 13, and is requested to assume jurisdiction of and to call and conduct a special election, to submit to the registered voters of the City the proposition set forth below The City Clerk is hereby authorized and directed to certify said proposition to the Kitsap County Auditor in substantially the following form, with such additions, deletions or modifications as may be required by the City Attorney THE CITY OF BREMERTON, WASHINGTON PROPOSITION NO 1 PUBLIC SAFETY FACILITIES BONDS The City Council of the City of Bremerton, Washington, adopted Resolution No 1W concerning a proposition for financing, constructing, remodeling and acquiring new public safety facilities and equipment This proposition, if approved, will authorize the City to acquire additional police vehicles, fire trucks, apparatus and equipment, to acquire land, construct, remodel and equip new fire, police and court facilities, to incur indebtedness and issue no more than $12,979,000 of general obligation bonds maturing within 25 years to pay the costs thereof, and to levy annual excess property taxes to pay such bonds, as provided in Resolution No Should this proposition be Public Safety Bond APPROVED REJECTED The City Clerk is hereby authorized to deliver a certified copy of this resolution to the ICitsap County Auditor SECTIONS. Svver� If any one or more of the provisions of this resolution shall be declared unconstitutional or invalid for any reason, such decision shall not affect the validity of the remaining provisions of this resolution, the Bonds or any short-term obligations issued in anticipation thereof, and this resolution, the Bonds and any short-term obligations issued in anticipation thereof shall be construed and enforced as if such unconstitutional or invalid provisions had not been contained herein SECTION h. EffPrtwp nn te This Resolution shall take effect and be in force immediately upon its passage PASSED by the City Council of the City of Bremerton, Washington this day of Q "4 , r '2002 & Az'xt4� CAROL ARENDS, Council President APP�OVEDAS O F TTEST 1 RoGt4 A L OVICH, City Att KA EEN MCCLUSKEY, f it y Clerk Public Safety Bond 4