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HomeMy WebLinkAboutO-0936 - Utility local improvement district (Special)•)I'"'l'·•••-a -..!• -.,'\ CITY OF MARYSVILLE,WASHINGTON ORDINANCB NO.VZ36 AN ORDINANCE of the City of Marysville,Washington, specifying and adopting and ordering the carrying out of a system or plan of additions to and betterments and extensions of the waterworks utility of the City, including the system of sewerage as a part thereof; declaring the estimated cost thereof as nearly as may be;creating Utility Local Improvement District no.5; authorizing the issuance and sale of water and sewer revenue bonds in the principal sma of approximately $375,000.00 to provide the funds necessary to carry out such system or plan,such bonds to be supported by assessments to be levied in Utility Local Improve- ment District No.5 herein created;creating a special construction fund to be known and designated as the "\vater and Sewer Construction Fund,1977";and authoriz- ing the issuance of interest-bearing warrants drawn upon such special construction fund pending the sale of such revenue bonds. WHEREAS,the City of Marysville,Washington (hereinafter called the "City"),by Ordinance No.385 passed September 2,1952, combined the sewerage system of the City and all additions and improvements thereto with the waterworks utility of the City,and the sewerage system at all times since has been considered a part of and belonging to the waterworks utility of the City,and the words "w aterworks utility of the City"shall hereinafter mean the combined sewerage system and water system of the City,together with all additions thereto and betterments and extensions thereof hereafter made;and WHEREAS,a petition for the formation of a utility local improvement district,commonly known as "Island Crossing (Sewers) U.L.I.D.,"signed by the owners of 100%of the properties within the boundaries of such proposed utility local improvement district,was ·,v heretofore filed with the City Council of the City requesting the construction of a sewer main,force main,pumping stations and appurtenances to serve the area within the boundaries of such proposed utility local improvement district;and WHEREAS,the City Council by Resolution no,851 duly adopted on December 13,1976,declared its intention to accept such petition and to initiate the formation of a utility local improvement district to carry out the improvements therein petitioned for applicable to the proposed utility local improvement district and fixed the 24th day of January,1977,at 8:00 o'clock p.m.(PST)at a meeting of the City Council to be held in the City Hall, Marysville,Washington,as the time and place for hearing all raatters relating to the proposed improvement and all objections thereto ~!d for determining the method of payment for such improvement;and WHEREAS,Larry R.Wade of Hammond,Collier &Wade - Livingstone Associates,Inc.,the City's consulting engineers, caused an estimate to be made of the costs and expenses of the proposed improvement and certified said estimate to the City Council, together with all papers and information in his possession touching the proposed improvement,a description of the boundaries of the District,a statement of what portion of the cost and expense of the improvement should be borne by the property within t4e proposed utility local improvement district,a statement in detail of the local improvement assessments outstanding or unpaid against the property in the proposed district and a statement of the aggregate actual valuation of the real estate,including 25%of the actual valuation of the improvements in the proposed district according to -2- the valuation last placed upon it for the purpose of general taxation;and WHEREAS,said estimate is accompanied by a diagram of the proposed improvement showing thereon the lots,tracts,parcels of land and other property which will be sp~cially benefited by the proposed improvement and the estimated amount of the cost and expense thereof to be borne by each lot,tract and parcel of land or other property;and WHEREAS,due notice of the hearing upon said Resolution No.851 was given in the manner provided by law and such hearing was held by the City Council on January 24,1977,and no written protests were filed with the City Council on or before such date and all person~app~aring at such hearing were heard;and WHEREAS,the City Council has determined it to be in the best interests of the City that the improvement as hereinafter described be carried out and that a utility local improvement district be created in connection t.he rewi.t.h.r NOW,THEREFORE, THE CITY COUNCIL OF THE CITY OF MARYSVILLE,WASHINGTON, DO ORDAIN,as follows: Section 1.The City hereby specifies and adopts a system or plan of additions to and betterments and extensions of the waterworks utility of the City to serve the Island Crossing area outside the corporate boundaries of the City which shall consist of the construction and installation of a 1011 gravity sewer main,a 6 11 force main,two pumping stations and appurtenances located as follows: -3- • I \.,,'. Beginning at the City's present sewer mains at the intersection of 172nd Street N.E.and 35th Avenue N.E.extending north along 35th Avenue N.E. and 27th Avenue N.E.to 212th Street N.E. approximately 13,800 feet.Thence branching out west on 212tll Street N.E.approximately 1,800 feet to the limited access line of Interstate Highway i~o.5. The City may modify the details of the foregoing system or plan so as to.make changes in the location and size of such sewer lines and appurtenanc~swhere such modifications do not substantially alter the purpose of that system or plan. All the foregoing shall be in accordance with the plans and specifications therefor prepared by Hammond,Collier &Wade - Livingstone Associates,Inc.,the City's consulting engineers. Section 2.The life of the foregoing additions,betterments and extensions is hereby declared to be at least thirty years. Section 3.The estimated cost of the acquisition, construction and installation of the above-described additions to and betterments and extensions of the waterworks utility of the City is hereby declared to be,as nearly as may be,the sum of $375,000.00,and such estimated cost shall be met and defrayed from the proceeds received from the issuance and sale of water and sewer revenue bonds of the City in the amount of approximately $375,000.00. Section 4.To carry out the entire system or plan of additions to and betterments and extensions of the waterworks utility of the City specified and adopted in Section 1 hereof and hereby ordered to be carried out,there is hereby created and -4- :.....",-, established a utility local improvement district to be known and designated as "utility Local Improvement District No.5 of the City of Marysville,Washington,"the boundaries of which are described as follows: All that portion of the west half of Section 8, Township 31 North,Range 5 East,W.M.,lying east of PSH No.1 <,S.R.5),(Stimpson Road to Stillaguamish River Bridge)described as follows: Commencing at the center of Section 8;thence west 665.2 feet to the Point of Beginning;thence north 800 feet;thence west 665.1 feet to the east line of the southwest quarter of the northwest quarter; thence south 81 feet,more or less,along the east line thereof to a point 718.99 feet north of the centerline of Section 8;thence south 86°58'00" west 415 feet,more or less;thence south 00°12'08" ·west 268 feet to a point 350 feet north of the north margin of SSH No.I-E (S.R.530)(Arlington to Junction P.S.H.No.1);thence west 150 feet parallel to the south line of said northwest quarter;thence south 00°12'08"west to its intersection with the northerly margin of P.S.H.No.1;thence southeasterly along the easterly margin of P.S.H.No.1 to the south line of the northwest quarter of the southwest quarter of Section 8;thence east to the southeast corner thereof;thence north along the east line thereof to the southwest corner of the north 500 feet of the west 400 feet of the northeast quarter of the southwest quarter of Section 8;thence east 400 feet to the southeast corner thereof;thence north to the north line of the southwest quarter;thence east along the north line thereof 265.2 feet,more or less,to the Point of Beginning. Situate in County of Snohomish,State of Washington. Section 5.The entire cost and expense of the improvements within Utility Local Improvement District No.5 shall be borne by and assessed against the properties specially benefited by such improve- ments included in such utility local ilnprovement district embracing, as near as may be,all the properties specially benefited by such improvements.In accordance with the provisions of Section 7 of -5- •0 .-," Chapter 258,Laws of 1969,1st Ex.Sess.,of the State of Washington (RCW 35.44.047),the City may use any method of combination of methods to compute assessments which may be deemed to fairly reflect the special benefits··to the properties being assessed. Section 6.The special assessments to be levied and assessed upon the properties within Utility Local Improvement District No.5 shall be paid in twenty equal annual installments with interest to be hereafter fixed by ordinance not exceeding 8-l/i% per annum.In the case of default in the payment of any assessment when the same shall become due,there shall be added interest at a rate to be hereafter fixed by ordinance not to exceed 8-1/2%per annum,and a penalty of 5%which shall also be collected. Section 7.The City shall issue one or more series of water and sewer revenue bonds at such times as the City Council shall deem advisable.The water and sewer revenue bonds shall bear...,. such designation as the City Council shall hereafter determine,.shall bear interest payable semiannually,and shall be numbered from "I" upward consecutively within each series as issued.The bonds shall be issued in such series,shall be in such denomination 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 thirty years thereafter,or shall be term bonds,shall have such option of payment prior to mat.ur i,ty, 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 covenants as shall be hereafter -6- .......1. provided by ordinance.The bonds shall be sold in such manner as the City Council of the City shall deem to be in the best interest of the City.The bonds shall be payable from the gross revenues received from charges for water furnished and sanitary sewage disposal service,and 1n the event that such bonds shall be issued on a parity of lien with the outstanding "Water and Sewer Revenue Bonds,1975,"pursuant to the provisions of paragraph (g)of Section 6 of Ordinance No.873,from the receipt of payments of assessments levied in utility Local Improvement Districts Nos.1,2 and 3 created by Ordinance No.820,as amended by Ordinances Nos.824 and 833,Utility Local Improvement District No.4-created by Ordinance No.843,and in Utility Local Improvement District No.5 created by this ordinance. Section 8.The gross revenues and benefits to be derived from the operation and maintenance of the wa t.e rwozks utility of the City and the additions thereto and extensions and betterments thereof herein provided at the rates to be charged for water furnished 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 the City,in addition to the special assessments to be levied and collected in Utility Local Improvement Districts Nos. 1,2,3,4 and 5,of sufficient amounts to pay the interest on the water and sewer revenue bonds herein authorized to be issued and on all other presently outstanding water revenue bonds and water and sewer revenue bonds of the City as such interest becomes due and payable and to pay and redeem all of those bonds at maturity. -7- ,.' In the event that the water and sewer revenue bonds herein authorized to be issued shall be issued on a parity of lien with the outstanding "Water and Sewer Revenue Bonds,1975,"in accordance with the provisions of paragraph (g)of Section 6 of Ordinance No.873,the water and sewer revenue bonds herein authorized to be issued and sold shall be payable solely out of the special fund created and established in the office of the Treasurer of the City.by Ordinance No.820,as amended by Ordinances Nos.824 and 833,and therein designated as the "Water and Sewer Revenue Bond Fund,1974,"which designation was changed to "Water and Sewer Revenue Bond Fund,1975,"by Ordinance No.843,which fund is to be drawn upon for the sole purpose of paying the principal of and interest on the outstanding "Water and Sewer Revenue Bonds,1975,"and the water and sewer revenue bonds herein authorized to be issued and sold and any additional water and sewer revenue bonds which may be hereafter issued on a parity of lien therewith in accordance with the provisions of paragraph (g) of Section 6 of Ordinance No.873. Section 9.There is hereby created and established in the office of the City Treasurer a special fund to be known as the "Water and Sewer Construction Fund,1977,"into which fund shall be deposited the proceeds received from the issuance and sale of the water and sewer revenue bonds herein authorized to be issued and which fund shall be used for the purpose of paying the cost of carrying out the additions to and betterments and extensions of the waterworks utility of the City as herein authorized and of -8- ,.. . ."1 i ~, paying the costs and expenses connected therewith.The City, through its proper officers and agents,shall proceed with the making of those improvements and the calling of bids therefor in the manner provided by law.Pending the sale of the water and sewer revenue bonds herein authorized to be issued,the City may issue interest-bearing warrants drawn upon the "Water and Sewer Construction Fund,1977,"to pay duly approved costs incurred in carrying out such improvements,such warrants to bear 'such interest as may be agreed upon between the City and any bank or investment banking firm agreeing to make a market for such warrants and such warrants to be paid out of the proceeds received from sale of the bonds herein authorized to be issued and from any other moneys available to the City in cash to finance the improvements. Section 10.After the receipt of firm construction bids to carry out the entire plan of additions to and betterments and extensions of the waterworks utility of the City herein specified and adopted and ordered to be carried out,a revised preliminary assessment roll shall be prepared and notices shall be mailed to each owner or reputed owner of property appearing on such preliminary assessment roll in the s~ae manner as notices were mailed to such.property owners pursuant to Resolution No.~5l,and if within twenty days after the mailing of such notices written protests are filed with the City Clerk from such property owners subject to an aggregate of 60%or more of the total estimated amount to be assessed on such preliminary assessment roll requesting that such improvements not proceed,the City Council hereby agrees not to award such construction contract or contracts or to proceed with -9- 'I.,1 ~...'..' such improvements.Pursuant to written agreements heretofore received from all of the owners of properties appearing upon such preliminary assessment roll,which agreements have been duly recorded in the office of the Auditor of Snohomish County,Utility Local Improvement District No.5 shall remain in existence and all preliminary costs and experiaes incurred by the City,such as engineering,legal and all other costs attributable to the formation of the utility local improvement district,shall be assessed against the properties appearing upon such assessment roll,said property owners having by such agreements consented to the levying of such special assessments for such purpose and having waived their right to protest the same.The water and sewer revenue bonds herein authorized to be issue?-may,in such event,be issued in such amolli1ts as necessary to pay such preliminary costs incurred in connection with the formation of such utility local improvement district,includin~the costs relating to the preparation of plans and specifications,calling for construction bids,preparation of preliminary and final assessment rolls and costs of the issuance of such bonds. Section 11.This ordinance shall take effect from and after its passage and five (5)days following its publication as required by law. -'10- ...... l ,:"~•;. .;~"':~ , PASSED by the City Council and APPROVED by the Mayor of the City of Marysville,Washington,at an open public regular qTtt l'v1meetingthereof,this',~~./-day of _Lt0jr--,1977. ATTEST: APPROVED AS TO FORM: -11-