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HomeMy WebLinkAboutO-1091 - Waterworks utility system improvements (Special)CITY OF MARYSVILLE,WASHINGTON ORDINANCE NO.1091 AN ORDINANCE of the City of Marysville,Wash- ington,specifying and adopting a system or plan for making 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;authorizing the issuance and sale of water and sewer revenue bonds in the principal sum of approximately $1,151,000 in one or more series to be supported by assess- ments to be levied in one or more utility local improvement districts authorized to be created to obtain the funds with which to pay the cost of such system or plan;and authorizing the issuance of interest-bearing warrants drawn upon the "Water and Sewer Construction Fund,1977," created by Ordinance No.936 Rending 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 improve- ments 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 "waterworks 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,the City Council has determined it to be in the best interests of the City that sanitary sewage disposal service be extended to certain areas of the City which will consist of the ','~• I .. construction and installation of sewer mains and appurtenances to serve such areas;and WHEREAS,petitions of property owners within such areas have been filed with the City petitioning for the construction and installation of such sewer mains and appurtenances,which petitions the City Council deems to be advisory to it;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 water- works utility of the City to serve certain areas of the City con- sisting of the construction and installation of the following sewer mains at the following locations together with all necessary appurtenances thereto: An 8-inch sewer on 116th Street NE from a point approximately 150 feet west of 36th Drive NE to a private road approximately 240 feet east of 36th Drive NE; A 10-inch sewer on the private road lying 240 feet east of 36th Drive NE and extending south for approximately 800 feet from 1l6th Street NE; An 8-inch sewer extending south from l16th Street NE for approximately 830 feet on a private road which lies approxi- mately 950 feet west of Highway 99; A:.10-inch sewer along l16th Street NE from the private road lying 240 feet east of 36th Drive NE to Highway 99; An a-inch sewer extending southwesterly for approximately 1000 feet from a point lying approximately 180 feet west of the intersection of Highway 99 and l16th Street NE; An a-inch sewer extending easterly from the intersection of Highway 99 and l16th Street NE along l16th Street NE to a point approximately 80 feet west of 46th Avenue NE. -2- .,'. A 12-inch sewer extending south along Highway 99 from the intersection of 116th Street NE and Highway 99 approximately 1460 feet to a point approximately 600 feet south of 113th Place NE; An 8-inch sewer extending approximately 180 feet westerly from a point approximately 600 feet south of the intersection of Highway 99 and 113th Place HE; A IS-inch sewer extending south on Highway 99 from a point approximately 600 feet south of the intersection of Highway 99 and 113th Place NE to a point approximately 300 feet north of the intersection of Highway 99 and 94th Place NE; An 8-inch sewer extending approximately 510 feet easterly from a point approximately 250 feet south of the intersection of Highway 99 and 104th Place NE; An 8 or 10-inch sewer on 92nd Street NE between 46th Drive NE and 48th Drive HE; An 8-inch sewer on 46th Drive NE beginning on 92nd Drive NE and extending north for approximately 500 feet;and An 8-inch sewer on 47th Drive NE beginning on 92nd Street and extending north to 96th Street NE. 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 where 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,Callier &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 -3·· II ,'. is hereby declared to be,as nearly as may be,the sum of $1,151,000, 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 $1,151,000.Such water and sewer revenue bonds shall be supported by assessments to be levied and assessed against properties specially benefited by the improve- ments to be included in one or more utility local improvement districts hereby authorized to be created pursuant to the provisions of Chapter 52,Laws of 1967 of the State of Washington (RCW 35.43.042). Section 4.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 "1" 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 maturity,shall guarantee such coverage and collection of rates, shall provide for such additional funds and accounts,shall contain and be subject to such provisions or covenants as shall be hereafter provided by ordinance,and may be combined with the water and sewer revenue bonds authorized to be issued by Ordinance No.982 passed and -4- approved March 13,1978,and sold as a combined single issue of bonds.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 in the event that such bonds shall be issued on a parity of lien with the outstanding "Water and Sewer Revenue Refunding Bonds,1977,"pur- suant to the provisions of paragraph (i)of Section 9 of Ordinance No.967,from the receipt of payments of assessments levied in Utility Local Improvement Districts Nos.1,2 and 3 created by Ordinance No.S 20,as amended by Ordinances Nos.S24 and 833,Utility Local Improvement District No.4 created by Ordinance No.843,Utility Local Improvement District No.S created by Ordinance No.936,Utility Local Improvement District No.6 created by Ordinance No.962,Utility Local Improvement District No.7 created by Ordinance No.989,and in any utility local improvement district hereafter created to support the payment of the bonds herein authorized to be issued and any parity bonds hereafter issued. Section 5.The gross revenues and benefits to be derived from the operation and maintenance of the waterworks 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 -5- to be levied and collected in Utility Local Improvement Districts Nos.1,2,3,4,5,6 and 7 heretofore created and in any utility local improvement district hereafter created to support the payment of the bonds herein authorized to be issued,of sufficient amounts to pay the interest on the water and sewer revenue bonds authorized to be issued by Ordinance No.982 and 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. 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 Refunding Bonds,1977,"in accordance with the provisions of paragraph (i)of Section 9 of Ordinance No.967,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.967 and designated as the "Water and Sewer Revenue Refunding Bond Fund,1977,"which fund is to be drawn upon for the sale purpose of paying the principal of and interest on the outstanding "Water and Sewer Revenue Refunding Bonds,1977,"the "Water and Sewer Revenue Bonds,1979"and the water and sewer revenue bonds authorized to be issued and sold by Ordinance No.982 and 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 (i)of Section 9 of Ordinance No.967. -6- ..'.,'. Section 6.There was heretofore created and established in the office of the City Treasurer a special fund 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 authorized by Ordinance No.982 and 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 authorized by Ordinance No.982 and herein authorized and of 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 authorized by Ordinance No.982 and herein authorized to be issued, the City may issue interest-bearing warrants drawn upon the "Water and Sewer Construction Fun~,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 authorized by Ordinance No.982 and herein authorized to be issued and from any other money available to the City in cash to finance the improvements. Section 7.This ordinance shall take effect from and after its passage and five (5)days following its publication as required by law. -7- •oJ"", PASSED by the City Council and APPROVED by the Hayor of the City of ~1arysville,Washington,at an open public regular meeting thereof,this 11.t~day of January,1980. ATTEST: APPROVED AS TO FORM: ~fk ..~~jAttoney -8-