HomeMy WebLinkAbout2646CITY OF KENT, WASHINGTON
ORDINANCE NO .Q�(c2�
AN ORDINANCE of the City of Kent, Washington,
relating to public safety, providing for the purchase
of apparatus, communication, computer and other
equipment for the City's police and fire departments,
and funding the acquisition of land and the
construction and remodeling of facilities for fire
and police use, and for a joint public safety
training center, as well as project management;
declaring the estimated cost thereof as nearly as may
be; providing for the borrowing of a total of
$12,303,000, and providing for the selling of general
obligation bonds to pay the cost thereof, such 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 of
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
November 4, 1986, in conjunction with the State
general election to be held on the same date.
WHEREAS, the City of Kent, Washington (the "City"), is in
urgent need of purchasing land, facilities and equipment for and
upgrading the City's public safety departments and the City does
not have available sufficient funds to meet the estimated cost
of such improvements; NOW, THEREFORE,
THE CITY COUNCIL OF THE CITY OF KENT, WASHINGTON, DOES
ORDAIN as follows:
Section 1. The City shall purchase apparatus,
communication, computer and other equipment for its police and
fire departments and fund the acquisition of land and the
construction and remodeling of facilities for fire and police
use and for a joint public safety training center, as well as
project management, 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, the sum of
$12,303,000.
Section 2. The City shall borrow not to exceed $12,3U3,000
on the credit of the City and issue and sell its general
obligation bonds therefor for strictly municipal capital
purposes, other than the replacement of equipment, to provide 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 this ordinance shall be
appropriate capital costs to be paid from the proceeds of the
bonds provided for by this ordinance.
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 in such
amounts, 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 bonds when due,
and the bonds shall so provide. The dates, interest rate or
rates, maturities, option of prior redemption, form and covenants
of the bonds shall be fixed hereafter by ordinance or ordinances
of the City Council and the bonds shall be issued and sold when
required in one or more series, and may be combined with any
other series of general obligation bonds concurrently or
hereafter authorized. 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 costs of those purposes.
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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 November 4, 1986, in
conjunction with the State general 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 $12,303,000, 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 November 4, 1986, special 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:
PROPOSITION
PUBLIC SAFETY BONDS - $12,303,000
Shall the City of Kent, Washington, borrow
$12,303,000 to purchase equipment and fund the
acquisition of land and the construction or
remodeling of City facilities for fire and police
use, as well as project management, by selling
general obligation bonds therefor maturing within
20 years and levy annual excess property taxes
necessary to redeem the bonds, all as provided in
Ordinance No. a6 LHP ?
BONDS . . YES / / BONDS . . NO / /
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Section 6. This ordinance shall take effect and be in
force five (5) days from and after its passage, approval and
publication as provided by law.
DAN KELLEHER, MAYOR
ATTEST:
MARIE JENSCITY CLERK
APPROVED AS TO FORM:
. STE EN DiJULIO,AtITY ATTORNEY
PASSED the a day of 1986.
APPROVED the —L-3 day of 1986.
PUBLISHED thea S day of 1986.
I hereby certify that this is a true copy of Ordinance
No. a,(D 46 , passed by the City Council of the City of Kent,
Washington, and approved by the Mayor of the City of Kent as
hereon indicated.
(SEAL)
MARIE JENS , CITY CLERK
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