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HomeMy WebLinkAboutO-0586 - Amends Ord. 581, water and sewer revenue bonds (Special)CITY OF MARYSVILLE,WASHINGTON ORDINANCE NO..586 AN ORDINANCE amending Ordinance No.581 pas sed by the City Council and approved by the Mayor on April 10,1967,and entitled: "AN ORDINANCE specifying and adopting a system or plan of additions to and betterments and extensions of the waterworks utility of the City of Marysville,Washington,including the sewerage system as a part thereof;declar- ing the estimated cost thereof as nearly as may be;providing for the is suance and sale of not to exceed $275,000.00 par value of water and sewer revenue bonds in one or more series to obtain the funds with which to pay the cost of said system or plan;creating a special fund to provide for the payment of said bonds;and authorizing and directing the City officials to proceed with the improvement." THE CITY COUNCIL OF THE CITY OF MARYSVILLE,WASHINGTON, DO ORDAIN as follows: Section 1.Section 3 ofOrdinance No.581 passed by the City Council and approved by the Mayor on April 10,1967,is amended to read as follows: Section 3.The City of Marysville hereby specifies and adopts a system or plan of additions to and betterments and exten- sions of the waterworks utility of the City to consist of the fol- lowing: (1)There shall be constructed and installed 5,77 5 lineal feet of 12-inch water main with appurtenances west of Interstate Highway No.5 along the Marysville Tulalip Road to the Rainwater Road. (2)There shall be constructed and installed approxi- mately 8,300 lineal feet of 12-inch water main with appurtenances along the Shoultes Road from the Otter Road to the Ziebell Road. (3)There shall be constructed and installed approxi- mately I,600 lineal feet of lO-inch water main with appurtenances south from the Fire Trail Road along the Stimson Road to 136th Street N.E. (4)There shall be a test well drilled at the Lake Goodwin site and another site which will be determined in the future. (5)There shall be constructed and installed approxi- mately 5 1200 lineal feet of IS-inch sanitary sewer main with appurtenances from 9th Street and Delta Avenue to 81 st Street N. E.and State Avenue. (6)There shall be constructed and installed approxi- mately 900 lineal feet of 8-inch sanitary sewer main with appurte- nances along Grove Street from State Avenue to Alder Avenue. (7)There shall be constructed and installed approxi- mately 5 I 700 lineal feet of sewer main with appurtenances along the Marysville-Tulalip Road from 4th Street and Beach Avenue to the southeast corner of the plat of Tierra Bonita.There shall be constructed a sewage pumping station in conjunction with this project. (8)There shall be constructed and installed approxi- mately 850 lineal feet of 18-inch sanitary sewer main with appurte- nance s from Sl st Street N. E.and State Avenue to S4th Street N.E• and State Avenue. (9)There shall be a comprehensive sewerage report compiled to supplement the 1955 report. There shall be included in the foregoing the acquisition and installation of all necessary manholes I valves,fittings I couplings I -2- ,.,;-:;....."... connections I equipment and appurtenances,and the acquisi- tion of any easements or rights-of-way that may be required; and there shall be included the performance of such work as may be incidental and necessary to the foregoing construction and installation. v The City Council may modify the details of the foregoing system or plan where,in its judgment,it seems advisable, provided such modifications do not substantially alter the pur- poses hereinbefore set forth. Section 2.Section 5 of the said Ordinance No.581 is amended to read as follows: Section 5.The estimated cost of the acquisition,con- struction and installation of the above-described additions and betterments to the waterworks utility of the City is hereby declared to be,as nearly as may be I the sum of $425,000.00. Section 3.Section 6 of said Ordinance No.581 is amended to read as follows: Section 6. The cost of acquiring,constructing and making the foregoing additions to and betterments and extensions of the waterworks utility of the City shall be paid from the proceeds re- ceived from the issuance and sale of water and sewer revenue bonds in the amount of not to exceed $425,000.00.It is the inten- tion of the City to acquire and construct and complete such portions of the foregoing system or plan of additions to and betterments and extensions of the waterworks utility of the City as from time to time the City Council shall deem advisable.The bonds shall be issued -3- '''.t~ in one or more series at such times as the City Council shall deem advisable.The bonds shall be entitled "Water and Sewer Revenue Bonds,1967,II with series designations follow- ing,if issued in series.The bonds shall bear interest at a rate or rates not to exceed 6%per annum,payable semian- nually,and shall be numbered from "one"upward,consec- utively,within each series as issued.The bonds shall be issued in such series;shall be in such denominations and form;shall bear such date or dates 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 date of issuance and ending not later than forty years thereafter or shall 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 or cov- enants as shall be hereafter provided by ordinance. Section 7.This ordinance shall take effect from and after its passage and approval,and five (5)days following its publication as required by law. PASSED by the City Council of the City of Marysville,Washington,and approved by its Mayor at a regular meeting thereof held on the 2~hti day of May,1967. Mayor ATTEST: r::h-n-e&.+4.~iF¢-t:..-LIh.-....~ City Clerk ;;= APPROVED AS TO FORM: City Attorney -4- ~. .......:').,~,'"'•.,.A ... I I AMELIE DOCKENDORF I Clerk of the City of Marysville I Washington I do hereby certify that the attached is a true and correct copy a:<~;2 of Ordinance No.~?if 6 /passed May ~I 1967 I as said ordinance appears on the Minute Book of the City. ~;L DATED May ~,1967. City Clerk "