HomeMy WebLinkAbout4439e
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
ORDINANCE NO. 4 4 3 9
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF AUBURN,
WASHINGTON, RELATING TO THE LES GOVE PARK SITE, PROVIDING FOR
THE CONSTRUCTION AND DEVELOPMENT OF THE "AUBURN CENTENNIAL
CENTER," INCLUDING REDEVELOPMENT, EXPANSION AND EQUIPPING OF
EXISTING RECREATIONAL AND COMMUNITY FACILITIES, CONSTRUCTION
AND EQUIPPING OF A NEW COMMUNITY CENTER, AND ACQUIRING AND
MAKING OTHER CAPITAL IMPROVEMENTS; DECLARING THE ESTIMATED
COST THEREOF AS NEARLY AS MAY BE; PROVIDING FOR THE BORROWING
OF A TOTAL OF $7,500,000, AND SELLING GENERAL OBLIGATION BONDS
TO BE PAYABLE BY ANNUAL PROPERTY TAX LEVIES TO BE MADE IN
EXCESS OF REGULAR PROPERTY TAX LEVIES; AND PROVIDING FOR THE
SUBMISSION OF THE PROPOSITION AND INCURRING SUCH INDEBTEDNESS,
ISSUING SUCH BONDS AND LEVYING SUCH EXCESS TAXES TO THE
QUALIFIED VOTERS OF THE CITY AT A SPECIAL ELECTION TO BE HELD
THEREIN ON SEPTEMBER 18, 1990, IN CONJUNCTION WITH THE STATE
PRIMARY ELECTION TO BE HELD ON THE SAME DATE.
WHEREAS, the City of Auburn, Washington (the "City"), is
in need of redeveloping, expanding and equipping the library,
senior center and other facilities, constructing and equipping
a new community center at, improving access and acquiring and
making other capital improvements to the Les Gove Park site,
and the City does not have available sufficient funds to meet
the estimated cost of such improvements; and
WHEREAS, the new and redevleoped facilities at Les Gove
Park will be known as the "Auburn Centennial Center" in honor
of the City's one hundredth anniversary;
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF AUBURN,
WASHINGTON, DO ORDAIN AS FOLLOWS:
Ordinance No. 4439
June 19, 1990
Page 1
1
2
3
ie2
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
Section 1. The City shall redevelop the Les Gove Park
site into an " Auburn Centennial Center," including the
redevelopment, expansion and equipping of existing recreation
and community facilities, including the library and senior
center, construction and equipping of a new community center,
improving access to, and acquiring and making other capital
improvements for the site, the estimated cost of which,
including the cost of issuing and selling the bonds provided
for in this Ordinance, is declared to be as nearly as may be
$7,500,000.
Section 2. The City shall borrow not to exceed
$7,500,000 on the credit of the City and issued and sell its
general obligation bonds therefor for strictly municipal
capital purposes, other than the replacement of equipment, for
the purpose of providing the funds in the amount and for the
purposes specified in Section 1 of this Ordinance. Costs of
engineering, planning, financial, legal and other services
lawfully incurred incident to the purposes specified in
Section 1 of the Ordinance shall be appropriate capital costs
to be paid from the proceeds of the bonds provided for by this
Ordinance.
Ordinance No. 4439
June 19, 1990
Page 2
1
2
3
4
5
6
fIA
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
Section 3. The general obligation bonds authorized by
this Ordinance shall bear interest, shall mature within 20
years from date of issue, but may mature within a lesser time
(the life of the various improvements and equipment to be
acquired by the issuance of bonds is found to be at least as
long as the maturities of the respective bonds to be issued)
in such amounts, may be sold in one or more series, or
combined with other authorized bonds and shall be sold in such
manner, as the City Council of the City shall determine. The
bonds shall be paid by annual property tax levies made in
excess of regular property tax levies without limitation as to
rate or amount sufficient in amount to pay the principal of
and interest on the bonds when due, and the bonds shall so
provide. The date, interest rate or rates, maturities, option
of prior redemption, form and covenants of the bonds shall e
provided for hereafter by Ordinance of the City Council.
Pending the issuance of the bonds and receipt of proceeds
thereof, the City Council may authorize interim interest -
bearing warrants or other short-term obligations to pay for
carrying out the purposes of the bonds, and the costs of such
warrants or short-term obligations shall be included in the
cost of those purposes.
Ordinance No. 4439
June 19, 1990
Page 3
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
Section 4. The City Council finds that an emergency
exists requiring the making of the improvements herein
described and the Director of Records and Elections of King
County, Washington, is requested to concur in the finding of
the existence of an emergency and to call and conduct a
special election to be held in the City on September 18, 1990,
in conjunction with the State primary election to be held on
the same date, for the purpose of submitting to the qualified
electors of the City for their approval the question of
whether or not the City shall borrow not to exceed $7,500,000,
issue its general obligation bonds therefor for capital
purposes only, other than replacement of equipment, and levy
excess taxes necessary to redeem the bonds as herein set
forth.
Section 5. The City Clerk is directed to certify to the
Director of Records and Elections of King County, Washington,
at least 45 days prior to the September 18, 1990, primary
election date, a copy of this Ordinance and the proposition to
be submitted at that special election in the form of a ballot
title as follows:
Ordinance No. 4439
June 19, 1990
Page 4
1
2
3
4
5
6
7
8
9
11121
11 1
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
CITY OF AUBURN
PROPOSITION #1
AUBURN CENTENNIAL CENTER BONDS - $7,500,000
(LIBRARY•SENIOR CENTER•COMMUNITY CENTER)
Shall the City issue and sell not to exceed
$7,500,000 of general obligation bonds to
expand the Library and Senior Center and
develop a Community Center at the Les Gove
Park, maturing in not more than 20 years from
issue date and payable from annual property tax
levies made in excess of regular property tax
levies, and levy taxes therefor, as provided in
Ordinance No. 4439?
BONDS . . YES ❑ BONDS NO ❑
Section 6. The Mayor is hereby authorized to implement
such administrative procedures as may be necessary to carry
out the directions of this legislation.
Section 7. This Ordinance shall take effect and be in
force five (5) days from and after its passage, approval and
publication, as provided by law.
INTRODUCED:
Ordinance No. 4439
June 19, 1990
Page 5
PASSED:
APPROVED:
M A Y O R
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
ATTEST:
Robin Wohlhueter, City Clerk
APPROVED AS TO FORM:
George Mac
Bond Counsel
Published:
Ordinance No. 4439
June 19, 1990
Page 6
BOB ROEGNER, MAYOR
PAT DUGAN, FINANCE DIRECTOR
STATE OF WASHINGTON)
ss.
COUNTY OF KING )
FINANCE DEPARTMENT
25 WEST MAIN, AUBURN, WA 98001
(206) 931-3033
I, Robin Wohlhueter, the duly appointed, qualified City
Clerk of the City of Auburn, a Municipal Corporation and
Code City, situate in the County of King, State of
Washington, do hereby certify that the foregoing is a full,
true and correct copy of Ordinance No. 4439 of the
ordinances of the City of Auburn, entitled "AN ORDINANCE."
I certify that said Ordinance No. 4439 was duly passed
by the Council and approved by the Mayor of the said City of
Auburn, on the the 2nd day of July A.D., 1990.
I further certify that said Ordinance No. 4439 was
published as provided by law in the Valley Daily News, a
daily newspaper published in the City of Auburn, and of
general circulation therein, on the 8th day of July, A.D.,
1990.
Witness my hand and the official seal of the City of
Auburn this July 9, 1990, A.D.
Robin Wohlhueter
City Clerk
City of Auburn
STATE OF WASHINGTON)
) ss.
COUNTY OF KING )
I, Robin Wohlhueter, the duly appointed, qualified City
Clerk of the City of Auburn, a Municipal Corporation and
Code City, situate in the County of King, State of
Washington', do hereby certify.that the foregoing is,a full,
true and correct copy of Ordinance No. 4439 of the
ordinances of the City of Auburn, entitled "AN ORDINANCE."
I certify that said Ordinance No. 4439 was duly passed
by the Council and approved by the Mayor of the said City of
Auburn, on the the 2nd day of July A.D., 1990.
I further certify,that said Ordinance No. 4439 was
published as,,provide.d-by law in the.Valley Daily News, a
daily newspaper"published in the City,of Auburn,, and of
general circulation therein, on the-8th day of July, A.D.,
1990.
Witness my hand and the official seal of -the --City of
Auburn this July 19, 1990, A.D.
Robin Wohlhueter
City Clerk
City of Auburn
25 West Main, Auburn, WA 98001-4998 (206) 931-3000