HomeMy WebLinkAboutITEM VIII-A-4CITY OF :~
WASHINGTON
AGENDA BILL APPROVAL FORM
A.qenda Subiect: Date:
Ordinance No. 5821 December 30, 2003
Department: Attachments: Budget Impact:
Finance Ordinance No. 5821
Administrative Recommendation:
City Council introduce and adopt Ordinance No. 5821.
Background Summary:
The City entered into an agreement with Central Puget Sound Regional Transit Authority (Sound Transit)
on June 27, 2003 to lease 180 parking stalls and have exclusive use of those stalls over a period of 99
years or, if applicable, such earlier time as the end of the useful life of the Parking Garage.
The intent of the City, when entering into the agreement with Sound Transit, was to promote development
around the station that would otherwise be limited due to lack of available parking in the area. The
additional parking was going to be made available to developers through LID agreements that would
support the parking need of the project.
The City is paying Sound Transit for the improvements with annual installments over a three-year period.
The first two installment payments have been made and the third and final payment is budgeted and will
be paid in July 2004. The City did not issue debt for the purchase of the parking spaces as the Capital
Projects Fund is financing them internally. The LID will be internally financed and all payments will be
returned to the Capital Projects Fund.
Ordinance No. 5821 is for the formation of Local Improvement District 250 where parking improvements
at the Sound Transit parking garage benefit certain properties. The proposed district encompasses two
parcels of property owned by one individual. The benefit to the property is the exclusive use of 85 of the
180 parking stalls in the parking improvement and a portion of the cost of the improvement should be
borne by the proposed district.
N0105-3 F2.4.9
Reviewed by Council & Committees: Reviewed by Departments & Divisions:
[] Arts Col~ission COUNCIL COMMITTEES:
[] Airport [] Human Resources
[] Hearing Examiner [] Finance [] Building [] M&O
[] Human Services [] Municipal Serv. [] Cemetery [] Mayor
[] Library Board [] Planning & CD [] Finance [] Parks
[] Park Board [] Public Werks [] Fire [] Planning
[] Planning Col~. [] Other [] Legal [] Police
[] Public Works
Action:
Committee Approval: DYes DNo
Council Approval: DYes DNo Call for Public Hearing / /
Referred to Until / /
Tabled Until / /
Councilmember: Backus Staff: Coleman
Meeting Date: January 5, 2004 Item Number: VIII.A.4
AUBURN * THAN YOU IMAGINED
ORDINANCE NO. 5 8 2 1
AN ORDINANCE OF THE CITY OF AUBURN, WASHINGTON,
ORDERING THE IMPROVEMENT OF PUBLIC PARKING FACILITIES ALL
IN ACCORDANCE WITH RESOLUTION NO. 3672 OF THE CITY COUNCIL;
ESTABLISHING LOCAL IMPROVEMENT DISTRICT NO. 250 AND
ORDERING THE CARRYING OUT OF THE PROPOSED IMPROVEMENT;
PROVIDING THAT PAYMENT FOR THE IMPROVEMENT BE MADE IN
PART BY SPECIAL ASSESSMENTS UPON THE PROPERTY IN THE
DISTRICT, PAYABLE BY THE MODE OF "PAYMENT BY BONDS"; AND
PROVIDING FOR THE ISSUANCE AND SALE OF LOCAL IMPROVEMENT
DISTRICT WARRANTS REDEEMABLE IN CASH OR OTHER SHORT-TERM
FINANCING AND LOCAL IMPROVEMENT DISTRICT BONDS
WHEREAS, by Resolution No. 3672 adopted December 15, 2003, the City Council
declared its intention to order the improvement of public parking facilities, and fixed January 5,
2004, at 7:30 p.m., local time, in the Council Chambers of the City Hall as the time and place for
hearing all matters relating to the proposed improvement and all comments thereon and objections
thereto and for determining the method of payment for the improvement; and
WHEREAS, the Finance Director caused an estimate to be made of the cost and expense
of the proposed improvement and certified that estimate to the City Council, together with all
papers and information in her possession touching the proposed improvement, a description of
the boundaries of the proposed local improvement district and a statement of what portion of the
cost and expense of the improvement should be borne by the property within the proposed
district; and
WHEREAS, that estimate is accompanied by a diagram of the proposed improvement
showing thereon the lots, tracts, parcels of land, and other property which will be specially
benefited by the proposed improvement and the estimated cost and expense thereof to be borne
by each lot, tract and parcel of land or other property; and
Ordinance No. 5821
December 30, 2003
Page 1 of 8
WHEREAS, due notice of the above hearing was given in the manner provided by law,
and the hearing was held by the City Council on the date and at the time above mentioned, and
all objections to the proposed improvement were duly considered and overruled by the City
Council, and all persons appearing at such hearing and wishing to be heard 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 carded out and that a local improvement district be
created in connection therewith; NOW, THEREFORE,
THE CITY COUNCIL OF THE CITY OF AUBURN, WASHINGTON, DO ORDAIN as
follows:
Section 1. The City Council of the City of Auburn, Washington (the "City"), orders the
improvement of certain public parking facilities in downtown Auburn as described in Exhibit A,
attached hereto and by this reference made a part hereof.
All of the foregoing shall be in accordance with the plans and specifications therefor on
file with the Planning Department, and may be modified by the City Council as long as such
modification does not affect the purpose of the improvement.
Section 2. There is created and established a local improvement district to be called
Local Improvement District No. 250 of the City of Auburn, Washington (the "District"), the
boundaries or territorial extent of the District being more particularly described in Exhibit B
attached hereto and by this reference incorporated herein.
Section 3. The total estimated cost and expense of the improvement is declared to be
$1,477,080. Approximately $702,525 of the cost and expense shall be borne by and assessed
against the property specially benefited by such improvement included in the District which
embraces as nearly as practicable all property specially benefited by such improvement and the
balance of such cost and expense shall be paid by the City.
Ordinance No. 5821
December 30, 2003
Page 2 of 8
Section 4. In accordance with the provisions of RCW 35.44.047, the City may use any
method or combination of methods to compute assessments which may be deemed to more fairly
reflect the special benefits to the properties being assessed than the statutory method of assessing
the properties.
If the City shall authorize expenditures to be made for such improvement (other than for
any cost or expense expected to be borne by the City) prior to the date that any short-term
obligations or local improvement district bonds are issued to finance the improvement, from
proceeds of interfund loans or other funds that are not, and are not reasonably expected to be,
reserved, allocated on a long-term basis or otherwise set aside to pay the cost of the improvement
herein ordered to be assessed against the property specially benefited thereby, the City declares
its official intent that those expenditures, to the extent not reimbursed with prepaid special
benefit assessments, are to be reimbursed from proceeds of short-term obligations or local
improvement district bonds that are expected to be issued for the improvement in a Principal
amount not exceeding $702,525.
The City is authorized to issue local improvement district bonds for the District which
shall bear interest at a rate and be payable on or before a date to be hereafter fixed by ordinance.
The bonds shall be issued in exchange for and/or in redemption of any and all revenue warrants
issued hereunder or other short-term obligations hereafter authorized and not redeemed in cash
within twenty days after the expiration of the thirty-day period for the cash payment without
interest of assessments on the assessment roll for the District. The bonds shall be paid and
redeemed by the collection of special assessments to be levied and assessed against the property
within the District, payable in annual installments, with interest at a rate to be hereafter fixed by
ordinance under the mode of "payment by bonds," as defined by law and the ordinances of the
City. The exact form, amount, date, interest rate and denominations of such bonds hereafter
Ordinance No. 5821
December 30, 2003
Page 3 of 8
shall be fixed by ordinance of the City Council. Such bonds shall be sold in such manner as the
City Council hereafter shall determine.
Section 5. The Local Improvement Fund for the District is created and established in the
office of the City Finance Director. The proceeds from the sale of short-term obligations drawn
against the fund which may be issued and sold by the City and the collections of special
assessments, interest and penalties thereon shall be deposited in the Local Improvement Fund.
Section 6. Within 15 days of the passage of this ordinance there shall be filed with the
City Finance Director the title of the improvement and District number, a copy of the diagram or
print showing the boundaries of the District and the preliminary assessment roll or abstract of
such roll showing thereon the lots, tracts and parcels of land that will be specially benefited
thereby and the estimated cost and expense of such improvement to be borne by each lot, tract or
parcel of land. The City Finance Director immediately shall post the proposed assessment roll
upon the index of local improvement assessments against the properties affected by the local
imprOvement.
Ordinance No. 5821
December 30, 2003
Page 4 of 8
PASSED by the City Council and APPROVED by the Mayor of the City of Auburn,
Washington, at a regular open public meeting thereof, this __ day of January, 2004.
INTRODUCED
PASSED:
APPROVED:
ATTEST:
Peter B. Lewis, Mayor
Danielle Daskam, City Clerk
Ordinance No. 5821
December 30, 2003
Page 5 of 8
EXHIBIT A
DESCRIPTION OF IMPROVEMENTS
A multi-story public parking facility developed by the Central Puget Sound
Regional Transit Authority and the City of Auburn, as more completely described
in the Lease authorized by City Resolution 3278.
EXHIBIT B
LEGAL DESCRIPTION
Lot 1, Block 3, Town of Slaughter, according to the plat recorded in Volume 2 of
plats, page 56, records of the County of King, State of Washington.
CERTIFICATION
I, the undersigned, City Clerk of the City of Aubum, Washington (the "City"), hereby
certify as follows:
1. The attached copy of Ordinance No. __ (the "Ordinance") is a full, true and correct
copy of an ordinance duly passed at a regular meeting of the City Council of the City held at the
regular meeting place thereof on January __, 2004, as that ordinance appears on the minute
book of the City; and the Ordinance will be in full force and effect five days after the publication
of its summary in the City's official newspaper; and
2. A quorum of the members of the City Council was present throughout the meeting
and a majority of those members present voted in the proper manner for the passage of the
Ordinance.
IN WITNESS WHEREOF, I have hereunto set my hand this __ day of January, 2004.
CITY OF AUBURN, WASHINGTON
Danielle Daskam, City Clerk