HomeMy WebLinkAboutOrd 0381 - Water and Sewer Revenue Bonds for Waterworks UtilityCITY OF TUKWILA, WASHINGTON
ORDINANCE NO. 381
AN ORDINANCE specifiying and adopting a
system or plan of additions to and better-
ments and extensions of the waterworks
utility of the City of Tukwila, Washington,
including the system of sewerage as a part
thereof; declaring the estimated cost there-
of as nearly as may be providing for the
issuance and sale of not to exceed $407,000.00
par value of water and sewer revenue bonds
in one or more series to provide a part
of the funds required to pay the cost there-
of; declaring the intention of the City
Council to form a local improvement district,
the property therein to be assessed to the
extent of not to exceed $412,000.00 of the
cost of the improvement; creating a special
fund to provide for the payment of said
revenue bonds if necessary; and repealing
Ordinance No. 377.
WHEREAS, the Town (now City) of Tukwila, Washington,
by Ordinance No. 320, as amended by Ordinance No. 332, speci-
fied and adopted a system or plan for a system of sewerage
for the Town (now City) and provided that that system shall
become a part of the waterworks utility of the Town (now City),
which system of sewerage was thereafter acquired and constructed,
and the systems of water supply and distribution and sanitary
sewage disposal, as combined pursuant to RCW 35.67.3 and by
Ordinance No. 320, as amended by Ordinance No. 332, together
with all additions thereto and betterments and extensions
thereof now or at anytime hereafter made, shall hereinafter
be referred to as the "waterworks utility of the City," NOW,
THEREFORE,
THE CITY COUNCIL ti' THE CITY OF TUK'WILA, WASHINGTON,
DO ORDAIN, as follows:
Section 1. The inadequacy of the existing waterworks
utility of the City is such that the public health, welfare,
safety and convenience require, and it is advisable, that the
additions to and betterments and extensions of the waterworks
utility of the City hereinafter provided for be made.
Section 2. The gross revenues and benefits to be
derived from the operation and maintenance of the waterworks
utility of the City at the rates to be charged for water
service and sanitary sewage disposal service on the entire
utility will, in the judgment of the City Council, be more than
sufficient to meet all expenses of operation and maintenance
thereof and to permit the setting aside into a special fund
out of the gross revenues of the waterworks utility of suffi-
cient.amounts to pay interest on the water and sewer revenue
bonds herein authorized to be issued and on all outstanding
"Water and Sewer Revenue Bonds, 1961," dated September 1, 1961,
as such interest becomes due and payable, and to pay and redeem
all of said bonds at maturity.
Section 3. The City of Tukwila, Washington, hereby
specifies and adopts a system or plan for making additions to
and betterments and extensions of the existing waterworks utility
of the City, as more particularly set forth in Exhibit "A" at-
tached hereto and by this reference made a part hereof and incorp-
orated herein, and described therein as "Collection System," "Trunk
Sewers Within L.I.3}. No. 5 Serving as Both Trunk Sewers and Col-
lection Lines Located Within L. I. D. No. 5," and "General Facilities."
In addition to the facilities described in Exhibit "A," it is a
part of said system or plan that the City provide side sewers to
each property with a dwelling located thereon as well as to any
vacant property for which the owner requests in writing the pro-
vision of such side sewer.
It is also a part of such system or plan that the City
may, pursuant to RCW 35.67.300 and RCW 56.08.060, contract with
Val Vue Sewer District, a duly organized and existing sewer district
-2-
in King County, Washington, whereunder either the City or said
sewer district will construct for the joint use and benefit of
the City and said sewer district, upon such terms and conditions
and for such period of time as the City Council and Board of
Sewer Commissioners may determine, all trunk sewers described under
"General Facilities" on Exhibit "A" attached hereto, except the
last described trunk sewer line on 63rd Avenue S., all of which
shall hereinafter be referred to as the "Val Vue Trunk Sewers."
The City Council may modify the details of the foregoing
system or plan, such as to make reasonable modifications in the
type, location and sizes of sewer lines, or in any other details
of said plan, prior to or in the actual course of construction and
installation, where in its judgment it appears advisable and in
the best interest of the City, provided such modifications do
not substantially alter the purposes herein set forth.
Section 4. The life of the foregoing additions,
betterments and extensions is hereby declared to be at least
thirty years.
Section 5. The estimated cost, as near as may be,
of the aforesaid system or plan of additions, extensions and
betterments is hereby declared to be $819,000.00.
Section 6. The cost of acquiring, constructing and
completing the foregoing system or plan shall be paid as follows:
(a) The cost of the construction and
installation of the "Collection System"
described in Exhibit "A" attached hereto,
side sewers where installed, and the equivalent
reasonable cost of local 8 -inch sewer
lines, if the same were constructed at the
locations of the trunk sewers described in
Exhibit "A" attached hereto as "Trunk Sewers
Within L.I.D. No. 5 Serving as Both Trunk
Sewers and Collection Lines Located Within
L.I.D. No. 5 "(in accordance with the provi-
sions of RCW 35.43.040) shall be paid by
assessments to be levied in the amount of
not to exceed $412,000.00 against the
property included in the local improvement
district proposed to be formed, as herein-
after set forth, and specially benefited by
such improvement; and
(b) The excess cost, over and above the
equivalent reasonable cost of 8 -inch local
sewers to be assessed as above set forth, of
the trunk sewers described in Exhibit "A"
attached hereto. as "Trunk Sewers Within L.I.D.
No. 5 Serving as Both Trunk Sewers and Col-
lection Lines Located Within L.I.D. No. 5"
and the cost of the "General Facilities" as
described in Exhibit "A" hereto attached
shall be paid from the proceeds received from
the issuance and sale of "Water and Sewer
Revenue Bonds, 1963" in the amount of not
to exceed $47,000.00; provided, however,
that in the event Val Vue Sewer District,
King County, Washington, shall construct
the "Val Vue Trunk Sewers" above referred
to, the amount of such authorized "Water
and Sewer Revenue Bonds, 1963" shall be
reduced by $140,000.00 to not to exceed
$267,000.00.
Section 7. The "Water and Sewer Revenue Bonds, 1963,"
herein authorized to be issued and sold in the principal sum of
not to exceed $407,000.00 par value shall bear interest at a rate
or rates not to exceed 6% per annum, payable semiannually, with
interest coupons attached; shall be numbered from "one" upward conse-
cutively; -and shall be in such denominations and form, shall
bear such date and interest rate or rates, shall be payable
at such place or places, shall mature serially in accordance
with such schedule, beginning not earlier than one year after
the date of issuance and ending not later than thirty years
thereafter, or may be term bonds, shall have such option of pay
ment _prior to maturity, shall guarantee such coverage and col
lection of rates, shall provide for such additional funds and
accounts, and shall contain and be subject to such provisions
and covenants, as shall hereafter be provided by ordinance.
The bonds shall be sold in such manner as the City Council of
the City of Tukwila shall deem to be in the best interests of
the City.
Section 8. If the conditions required to be met for
the issuance of parity bonds, as set forth in Section 7 of
Ordinance No. 334, adopted August 7, 1961, shall be met at
the time of the issuancecf the bonds herein authorized, and
said bonds shall be issued as parity bonds with the outstanding
"Water and Sewer Revenue Bonds, 1961," dated September 1, 1961,
the bonds herein authorized shall be payable solely out of the
special fund of the City created by Ordinance No. 320, passed
May 1, 1961, as amended by Ordinance No. 332, passed August 7,
1961, and known as "Water and Sewer Revenue Bond Fund, 1961."
In the event that the bonds herein authorized shall
not be issued as parity bonds, the bonds shall be payable solely
out of the special fund hereinafter created and shall be a
valid claim of the holder thereof only as against such special
fund and the amount of the revenues of the waterworks utility
of the City pledged to such special fund and shall not be a
general obligation of the City of Tukwila, Washington.
Section 9. In the event that the bonds herein
authorized shall not be issued as parity bonds as referred to
in Section 8 above, there shall be and hereby is created and
established in the office of the Treasurer of the City of
Tukwila a special fund to be known as "Water and Sewer Revenue
Bond Fund, 1963," which fund is to be drawn upon for the sole
purpose of paying the principal of and interest on the bonds herein
authorized to be issued. From and after the date of the
issuance of said bonds and so long thereafter as bonds are out-
standing against said "Water and Sewer Revenue Bond Fund, 1961," or
said "Water and Sewer Revenue Bond Fund, 1963," as the case may
be, the City Treasurer shall set aside and pay into the appro-
priate fund, out of the gross revenues of the waterworks utility
of the City, a fixed amount without regard to any fixed proportion,
namely, an amount sufficient to pay the principal of and
interest on all bonds payable out of said special appropriate
fund as they respectively become due and to create such surplus
and reserve, if any, that may hereafter be prescribed by ordinance.
The gross revenues from the said utility are hereby pledged to
such payment and the bonds herein authorized shall constitute
a charge or lien upon such revenues prior and superior to any
other charges whatsoever, excluding charges for maintenance
and operation, PROVIDED, HOWEVER, that if the conditions required
to be met for issuance of parity bonds as set forth in Section 7
of Ordinance No. 33L, adopted August 7, 1961, shall be met at
the time of the issuance of the bonds herein authorized, the
charge or lien upon such gross revenues for the bonds herein
authorized shall be on a parity with the charge or lien upon
such gross revenues for the outstanding "Water and Sewer Revenue
Bonds, 1961." If said parity conditions shall not be met the
charge or lien upon such gross revenues for the bonds herein
authorized shall be subordinate and inferior to the prior
charge or lien upon such gross revenues for the presently out-
standing "Water and Sewer Revenue Bonds, 1961."
Section 10. The City Council and corporate author-
ities of the City of Tukwila hereby declare that in fixing
the amounts to be paid into said "Water and Sewer Revenue Bond
Fund, 1961," or said "Water and Sewer Revenue Bond Fund, 1963,"
as the case may be, as set forth herein, they have exercised
due regard to the cost of operation and maintenance of the
waterworks utility of the City and the debt service requirements
of the outstanding "Water and Sewer Revenue Bonds, 1961,"
dated September 1, 1961, and the City of Tukwila has not bound
and obligated itself and will not bind and obligate itself to
set aside and pay into such special fund a greater amount or
proportion of the revenues of the waterworks utility than in
the judgment of the City Council will be available over and
above such costs of maintenance and operation and debt service
requirements of the outstanding "Water and Sewer Revenue Bonds,
1961."
Section 11. The proceeds from the sale of the "Water
and Sewer Revenue Bonds, 1963," herein authorized shall be used
for the sole purpose of constructing and acquiring the system
or plan of additions to and betterments and extensions of the
waterworks utility of the City as herein set forth and of paying
such part of the cost and expenses connected therewith as set forth
in Section 6 hereof, and the City of Tukwila shall, through its
proper officers and agents, proceed with the construction and
acquisition of said system or plan as herein set forth upon the
condition that a local improvement district is hereafter formed
for the pzse of assessing not to exceed $412,000.00 of the cost
of said improvement against the property specially benefited
thereby as set forth in Section 6 hereof.
Section 12. It is the intention of the City Council,
in connection with carrying out the improvement above set forth,
to form a local improvement district to be known as "Local
Improvement District No. 5" and to adopt its resolution of
intention so to proceed.
Section 13. Ordinance No. 377, passed by the City
Council and approved by the Mayor on February 25, 1963, is hereby
repealed.
PASSED unanimously by the City Council of the City
of Tukwila, Washington, at a regular meeting thereof and APPROVED
by the Mayor of the City this 3rd day of June, 1963.
ATTEST;
elf CLERK
APPR Ir' AS TO FOR
CITY A72ORNEY
COLLECTION SYSTEM
ON
53d Avenue S.
55th Avenue S.
56th Avenue S.
56th Place S.
57th Avenue S.
58th Avenue S.
Easement Between
58th Avenue S.
59th Avenue S.
59th Avenue S.
59th Avenue S.
59th Place S.
Interurban Avenue
S. 139th Street
S. 141st Place
S. 142d Street
S. 144th Street
S. 144th Street
S. 147th Street
S. 147th Street
S. 149th Street
S. 149th Street
S. 150th Street
Easement along the
East boundary of
Seattle Land Company's
Five Acre Tracts,
Vol. 6 90
L.I.D. NO. 5 AND RELATED GENERAL FACILITIES
CITY OF TUKWILA
DESCRIPTION OF FACILITIES
FROM
S. 144th Street
S. 144th Street
S. 147th Street
S. 141st Street
S. 149th Street
Cul -de -Sac South of
S. 147th Street
Approx. 550' S. of
S. 147th Street
S. 149th Street
100' North of
S. 147th Street
59th Avenue S.
Approx. 200' SE of
S. 144th Street
55th Avenue S.
58th Avenue S.
58th Avenue S.
Approx. 200' E. of
56th Avenue S.
Approx. 200' East of
58th Avenue S.
Approx. 250' West
of 56th Avenue S.
Approx. 187' East
of 58th Avenue S.
57th Avenue S.
59th Avenue S.
Macadam Road
S. 147th Street
TO
Macadam Road
S. 139th Street
S. 139th Street
S. 139th Street
Interurban Avenue
S. 141st Place
S. 147th Street
S. 147th Street
59th Place S.
S. 142d Street
S. 141st Place
Interurban Avenue
Interurban Avenue
59th Place S.
56th Avenue S.
58th Avenue S.
59th Avenue S.
58th Avenue S.
Approx. 700' Westerly
62nd Avenue S.
Approx. 500' Ely
S. 150th Street
EXNIBIi_ R
SIZE
8"
8"
8"
8n
8"
8"
8"
8n
8►►
8n
8n
8"
8"
8
8n
8"
8"
8
8"
8"
8"
8"
-2-
ON FROM TO SIZE
65th Avenue S. S. 151st Street Secondary State 8"
Highway 1 -L
S. 153d Street 65th Avenue S. Approx. 300' Wly 8"
64th Avenue S. S. 153d Street Approx. 350' Sly 8"
Easement Point on 64th Ave. S. Point on 65th Ave. S. 8"
350' S. of S. 153d St. 350' S. of S. 153d St.
TRUNK SEWERS WITHIN L.I.D. NO. 5 SERVING AS BOTH TRUNK SEWERS AND COLLECTION LINES
LOCATED WITHIN L.I.D. NO. 5
ON FROM TO SIZE
53d Ave. S. Secondary State Approx. 300' Sly. 24"
Highway 1 -L
Macadam Road S. 1524 Street 53d Avenue S. 18"
53d Avenue S. Macadam Road S. 144th Street 18"
Interurban Avenue S. 141st Place S. 137th Street 15"
Easement along S. 137th Street 42d Ave. South 15"
Power Line R/W
(Parallel to
Interurban Ave.)
Secondary State 57th Avenue S. Christianson Road 10"
Highway 1 -L`
South 164th Street 57th Avenue S. 63d Avenue S. 12"
GENERAL FACILITIES (Does not include Trunk Sewers inside of L.I.D. Boundary)
1. Sewage Lift Station located in vicinity of the intersection of Interurban Avenue
(IS._S.H. 5 -M) and S. 137th Street.
2. Pressure line from Lift Station to gravity trunk line located as follows:
ON FROM TO SIZE
S. 137th Street Interurban Avenue 534 Avenue S. 10"
53d Avenue S. S. 137th Street S. 144th Street 10"
3. Trunk Sewers located as follows:
S. 1524 Street Macadam Road Approx. 52d Avenue S. 24"
Approx. 52d Ave. S. S.152nd Street Secondary State 24"
Highway 1 -L
Secondary State Approx. 52d Ave. S. 53d Avenue S. 24"
Highway 1 -L
-3-
ON
Easement
Across Wash. State
Hwy Right -of -Way
Across Wash. State
Hwy Right -of -Way
57th Avenue S.
FROM
Point on 53d Ave. S.
approx. 300' S. of
S.S.H. 1 -L
Point approx. 470' S.
of S.S.H. 1 -L and approx.
110' W. of 53d Avenue S.
Point approx. 640' E.
of 53d Avenue S. and
approx. 1,530' N. of
S. 162d Street
Approx. 1,300' N. of
S. 162d Street
63d Avenue S. S. 158th Street
TO
Point approx. 470'
S. of S.S.H. 1 -L
and approx. 110' W.
of 53d Avenue S.
Point Approx. 640' E.
of 53d Avenue S. and
approx. 1,530' N. of S.
162d St.
57th Avenue S. approx.
1,300' N. of S. 162d St.
S. 164th Street
SIZE
24"
24"
24"
2
Secondary State 12"
Highway 1 -L