HomeMy WebLinkAboutOrd 0332 - Sewer SystemTOWN OF TUKWILA, WASHINGTON
ORDINANCE NO. 332
AN ORDINANCE relating to the system or
plan for a system of sewerage for the Town,
increasing the estimated cost of acquisition
and construction of such system, and amending
sections 5, 6 and 7 of Ordinance No. 320 of
the Town and section 3 of Ordinance No. 321
of the Town.
BE IT ORDAINED BY THE COUNCIL OF THE TOWN OF TUKWILA,
as follows:
Section 1. Section 5 of Ordinance No. 320 of the
Town is amended to read as follows:
Section 5. The estimated cost, as near
as may be, of the aforesaid system or plan for con-
structing and acquiring a system of sewerage, all
to become a part of the waterworks utility of the
Town, is hereby declared to be 226,000
Section 2. Section 6 of Ordinance No. 320 of the
Town is amended to read as follows:
Section 6. The cost of acquiring, con-
structing and completing the foregoing system or
plan shall be paid as follows:
(a) By assessments to be levied
in the amount of not to exceed $56,000.00
against the property included in the local
improvement district proposed to be formed
as hereinafter set forth; and
(b) From the proceeds received
from the issuance and sale of "Water and
Sewer Revenue Bonds, 1961," in the amount
of not to exceed 170,000 par value.
Section 3. Section 7 of Ordinance No. 320 of the
Town is amended to read as follows:
Section 7. The "Water and Sewer"
Revenue Bonds, 19b1," herein authorized to be
issued and sold in the principal sum of not to
exceed 170,000 par value shall
bear interest at not to exceed 6% per annum,
payable semiannually, with interest coupons
attached; shall be numbered from "one" upward
consecutively; 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 payment prior to maturity,
shall guarantee such coverage and collection 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 Town Council of the Town of
Tukwila shall deem to be in the best interests of
the Town.
Section 4. Section 3 of Ordinance No. 321 of the Town
is amended to read as follows:
Section 3. The estimated cost, as near
as may be, or the improvement is hereby declared
to be 226,000 and not to exceed
$56,000.00 of said cost and expense shall be levied
and assessed against all the property legally and
properly assessable therefor as provided by the
laws of the State of Washington and the ordinances
of the Town of Tukwila.
PASSED unanimously by the Town Council and APPROVED by
the Mayor of the Town of Tukwila, Washington, at a regular meeting
thereof, this 7 day of 4,1 1961.
ATTEST:
TOWN CLERK
2.