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Home My WebLink AboutO-0494 - Waterworks plan, bond (Repealed by 1521)•••._~."...~.,•._•".".,--~,-.-~-.----_..•,_._--.o.''''-'..o=~~~,~=-.•~_'~_'__~_~~._.__• ORDINANCE NO.494 AN ORDINANCE spec~fying and adopting a systemcor plan of additions to and bet- terments;andext~;sionsof'the waterworks utility ofthElcityofMarysville,Wash- ington,including the sewerage system as a part there()f;declaring the ..estimated cost thereof as nearly as may be;providing for the issuance and sale of not to exceed $260,000.00 par value of water and sewer revenue bonds in one or more series to ob- tain the funds with which to pa~the cost of said system or plan;creating a special .fund tp provide for the payment of said bonds;and authorizing and directing the CITY officials to proceed with the improve- ment. ....~~.....~.~--'~"'l ,i '3 eli 'rw '1 --·~'-:.1 .-c . ,IflIEREAS,the City of Marysville,by Ordinance No. 385,passed September 2,1952,combined the sewerage aystem of the City with all additions and'improvements thereto with the waterworks utility of the City,and the sewerage system at all times since has been cons~dered a part of and belonging to the waterworks utility of the City,and the words "waterworks utility of the City"shall hereinafter mean the combined sewer- age system and w~ter system of the City,together with all additions thereto and betterments and extensions thereof here- afterma:de ,NOW,THEREFORE,.. THE arty COUNCIL OF THE CITY OF MARYSVILLE,WASHINGTON, DO ORDAIN AS FOLLOWS: Section 1.The waterworks utility of the City is in such condition that the public health,safety and welfare require .the making of certain additions thereto and betterments and extensions thereof as hereinafter specifically set forth. Section 2.The gross revenues and benefits to be derived from the operation and maintenance of the waterworks utility of the City and the additions,extensions and better- Inents thereto herein provided for at the rates to be charged for water and sanitary sewage disposal service on the entire utility will,in the judgement of the City Council,be more than sUffici~nt to meet all expe~ses of operation and maintenano. thereof and to permit the setting aside into a special fund out of.the gross revenues of the waterworks utility of the City of sufficient amounts to pay the interest on the bonds herein authori~ed to be issued and on the presently outstanding "Water Revenue Bonds,1952,".(Series A,Series B and Series cl,' "Water and Sewer Revenue Bonds,1955,""Water and Sewer Revenue Bonds,1957,"and "Water and Sewer Revenue Bonds,1959,"as suoh interest becomes due and payable,and to pay and redeem all of said bonds at maturity • .'Section 3.The City of Marysville hereby specifies and adopts a system or'plan of additions'to and betterments and extensions of the waterworks utility of the City to consist of the following:' (1)There shall be constructed and installed at a site to be acquired tbEl£El€ore a storage tank with useful oapaoity of 300,000 gallons,including overflow and drain line,'together with the acquisition of all necessary rights-of~way; (2)There shall be constructed and installed two concrete settling basins at Edwards Springs headworks,and there shali be'provided new flow and chlorination controls; (3)There shall be constructed and installed 7,800 lineal feet of 10-inch water mains,.one-quarter mile east of Everett-Arlington Road.with regulating valves,conneotion to reservoir and other appurtenances; and ~---------_. Road between Cascade There sha:t:!-be.constructed and installed 7200 4,000 feet on Turk:Road between Kellogg-Marsh and.Robinsoll Road!>., 1400 feet on Robinson Road between N6rumtown and Turk RoadS,. 300 feet on easement,between Turk Road connection in Howell's Third Addition, 600 feet on S~oultes Road between Kellogg-Marsh and Palmer Roads; (5 ) lineal feet of 8-inoh mains tocgnnegt,port::lons of existing distribution systern,a~:i)ollgws:, 900 feet on Kellogg-Marsh S,?hool and TllrkRgad • (6)There shall be constructed and'installed 1150 lineal feet of 6~inch mains on Palmer Road from Shoultes Road to existing main; II ."322 ~'""=-..~."-~_._-----~._-~_.__.._"_.~.-.__.._..~"..--"----"--.,..-~_.'-.---~1 (4)There shall be construc~ed and installed 4100 I lineal feet of 10_"in,ch w.at.·...er ma.in.s.,ort.,.K.·,e.,1..10g.g.-Marsh Road andIintanksite,from TyrkRoad tq,~~or~g~tank; I I • • I I (7)The roof and lining of the existing "Cedarcrest,i Reservoir and the existing altitude valves at elevated tanks and at Cedarcrest Reservoir shall be repaired. (8)There shall be installed new check valves and control valves in existing pipelines at points of oonnections to existing 12-inohmains; (9)There shall be installed a pressure fegulating valve in 12-inch supply main at Westover Road,reconnecting Westover line to the West. (10)The eXisting wood mains shall be replaoed if required as a result of increased pressure; (11)There shall be included in the foregoing miscellaneous imProvements to valves,meters and operating indicators to improve operation and supervision of the sY$tem~ ••.-.,'• '-•"0 The City Council may modify the details of the fore- going system or plan where,in ;j.ts jUdgement,it seems advisable. provided suoh modifications do not substantially alter the purposes hereinbefore set forth. Theore shali'be included in the foregoing;the acqUi- sition and installation of all necessary manh()les,valves,·,.,". fittings,couplings.connections,equipment and;l.PP,tlrtenarices, and the acquisition of any easements orrights~of-way that may be required;and there shallb~iincluded the performance of. such work as'may be incidental and necessary to the foregoing' construction and installation~ Section 4.The life of the foregoing additions betterments and extensions is hereby declared to beat least thirty years..,.. Section 5.The estimated cost of the acquisitli,on'~ construction and installation of the above-described additions and betterments to thGwaterworkstifi1:i.tyo:f the City is hereby declared to b~,as nearly as may be,the sum of $260,000.00, I I I I I I I I I i I l~,,·_~_·=.=-=---OC=.•_P_-,~~~~••,~.-.__~~_=""'',,=,~~_,.......--------.....-' .'_._.,,'~.',••'~~__,__,••--.._......_..~n••~....~ Ordinance No.494 (continued) '~'-"~-'-~----:I 2'l"'l'~t:"~~I =========,.,...~ .Section 6.The cost of acquiring.constructing and Ii the f'9regoingadditions to and betterments and extensions f the watert~orks uti11tyof theCi.tyshall be paid from the roceedsreceived from the issuance and sale of water and . ewer revenue -bonds in ihe a,lllount Clf'not tCl exceed $260,000.00. t is'the intention of the CitytCl,acqUire and construct and omplete SUCh,portions of ,.th~f'Clr~go:i.ng system or,plan of addi- ions.to a,nd.betterments and extensions,of the waterworks ti11ty of the'Ci ty as from time to.time i;he City Council shall eem:advisable.The bonds shall be issu~d in one or more eriesat such times as.the City Council shall deem advisable • .6 bonds shall be entitled i"vater and Se~er Revenue Bonds , 963 ,""With series designations follo'~ing,if issued in series. he,bonds shall bear interest at a rate or rates nDt to e~ceed ~per annum;payable semi-annually,and shall be numbered from 'one"upward,consecutive1y,within each series as issued. e bonds sha11 be issued in such series;shall be in 'such de- omina,tions and form;shall bear such date or dates and interest ate Or rates;shall be payable at such p1ace or,places;shall atureseria11y in accordance with such schedule,'beginning ot earlier than one year after date of issuance and ending ot later than thirty years thereafter or shall be term bonds; hall.have such option of payment prior to maturity;shall uaranteesuch coverage and collection of rates;shall provide oz--such additional funds and accounts;and shall contain and e s!,1bject to such provisions or covenants as shall be hereafter rovided by ordinance. ~~",.~,-~--.- Section 7.·The bonds sha11 be payab1e s01e1y out q~ he special fund herein created and shall be a valid claim of he holder thereof only as against such speoial fund,and the .mount of the revenues of the waterworks utility of the City ledged.ito such specia1 fund,and shall not be a general obli- a tion of the City of Marysville,Washington. Section 8.There shall be and hereby is created and stablished in the office of the Treasureroof the City of arysville a special fund to be known as "Ivater and Sewer ceve nue Bond Fund,1963,"'''hich fund is to be drawn upon for he s01e purpose of paying the principal of and interest on the onds.From and after the date thereof and so long thereafter s bonds are outstanding against such fund,the City Treasurer shall et aside and pay into said fund out of the gross revenues of the aterwor~s utility of the City a fixed amount without regard to ny fixed proportion,nllUlllely,an amount sufficient to pay the E rincipal of and interest on the bonds as they respectively be- orne due and to create such surplus and reserve,if any,that may ereafter be prescribed by ordinance.The gross revenues from he said waterworks uti1ity are hereby pledged to such payment nd the bonds herein authorized shall constitute a charge or lien .pon such revenues prior and superior to any other charges what- oever,excluding charges for maintenance and operation,provided, owever,that if the conditions required to be met as set forth n Seotion 19 of Ordinance No.384,passed July 14,1952,shall e met at the time of the issuance of the bonds herein authorized he charge or lien upon such gross revenues for the bonds herein uthorized shall be on a parity with the oharge or lien upon such ross revenues for the outstanding "11Tater Revenue Bonds,1952,". Series A,Series B and Series C),"Ivat.er and Sewer Revenue Bonds, 955,""Water and Sewer Revenue Bonds,1957,"and "Water and Sewer evenue Bonds,1959."Otherwise,the charge or lien upon such ross revenues for the bonds herein authorized shall be sub- t , r di na t e and'inferior to the prior chargesor lien upon such ross revenues for the presently outstanding "Water-Revenue onds,1952,"(Series A,Series B and Series C),"Water and e,~er Revenue Bonds,1955,""IVatel"and Sewer Revenue Bonds, 957,"and "Water and Sewer Revenue BondS,1959." .")?AI..).o.J7 I I 1=---..O:t"d:\.l'Ian(l~NIh 494.J(l()nt:\'nued) ~~----------_.~ Section 10.The proceeds of the sale of the foregoing bonds shall be used for the sole purpose of making additions to and betterments and extensions of the waterworks ut:\.lity as herein au- thorized and of paying the cost and expenses conneoted therewi~h,. and the City of'Marysville,through its proper t;lffioers and agents. shall proceed with the making of said improvements and the calling of bids therefore in the manner provided by law.' PASSED by the 6ity Council of,the City of Marysville,Washington, and approved by its Mayor at a regular meeting thereof held on the 14th day of January,1963. N.P.Gardner (signed), Mayor ATTEST: AmelieDookendorf (signed) CITY CLERK APPROVED AS TO FORM: IvaI ter,Duncan ,CITY ATTORNEY This is to oertify that the foregoing Ordinance is a true and. correct copy of Ordinance No.494 oftl1e G:!-~YQf ~arysville, Snohomish County,Washington and that the same was pUblished according to law on the 17th day of January,~963. I I I lL ~._ Amelie Dockendorf CITY CLERK ·~-"'7~-.,•.._.."...,.~~---._--~