89-018 - King County Fire District #1 - Resolution #167 Transferring Assets

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KING COUNTY FIRE PROTECTION /et C FILE °/f DATE DISTRICT NO. 1 Resolution Transferring Assets No WHEREAS King County Fire Protection District No. 1 and The City of Tukwila are municipal corporations of the State of Washington. WHEREAS, on February 7, 1989, the voters of District 1 approved the annexation of an area of the District containing approximately 97% of the assessed value of the District into the City; and WHEREAS, District 1 currently owns assets consisting of real property, personal property, fund accounts and receivables; and WHEREAS, RCW 35.02.190 requires the transfer of assets by the Fire District to the City in the event of the annexation by a city of territory located within a fire protection district that contains more than 60% of the assessed valuation of the fire protection district; NOW THEREFORE, in order to comply with the cited statutes it is hereby RESOLVED by the Board of Commissioners of King County Fire Protection District No.1 as follows: 1. King County Fire Protection District No. 1 hereby transfers the title and possession of all of its tangible personal property and interests in real property to the City of Tukwila; 2. District 1 hereby transfers to the City of Tukwila the District Firemen's Pension Fund subject to the claims of all District fire fighter employees who accrued benefits to be paid out of such fund pursuant to chapters 41.16, 41.18 and 41.26 RCW on the condition that the City retain, maintain and manage such fund in accordance with the applicable provisions contained in such statutes.