HomeMy WebLinkAbout1548ORDINANCE NO.
AN ORDINANCE of the City of nr
authorizing the execution—of a contract
with King County providing for receipt
and application of a portion of the proceeds
of certain general obligation bonds of the
county and designating the King County Design
Commission to serve as the design commission
of the city for projects acquired or constructed
with said proceeds.
WHEREAS, King County, Washington, has been authorized by
the voters of the County to issue its General Obligation Bonds
in the principal amount of not to exceed $81,600,000 in series
from time to time to provide funds to pay the cost of acquisition
and development of public arterial highway facilities within the
city; and
WHEREAS, Resolution No. 34569 of the Board of County Commis-
sioners provides that certain arterial highway facilities shall
be acquired and/or developed by the several cities in the County
and requires that each such city first enter into an agreement
with the county that the proceeds shall be faithfully applied to
the purposes authorized by such resolution; and
WHEREAS, it is in the best interests of the city and the
residents thereof and necessary for the public health, welfare
and safety that the city accomplish the arterial highway purposes
set forth in said Resolution No. 34569 to be performed by the city
and that the city enter into such agreement and take such other
action as may be necessary to comply with the terms and conditions
of such agreement;
NOW, THEREFORE, BE IT ORDAINED by the City of
as follows:
Section 1. The city shall enter into an agreement with King
County substantially in the form of Exhibit A attached hereto
and by this reference made a part hereof and the Mayor and Clerk
are authorized to execute said agreement for and on behalf of
the city.
Section 2. The appropriate officers and agents of the city
are hereby authorized and directed to do all things necessary to
accomplish the development of arterial highway facilities for
which moneys shall become available pursuant to the agreement
authorized by this ordinance.
Section 3. The King County Design Commission is hereby
authorized to act for and on behalf of the city to recommend the
selection of members of the design team to be employed by the
city for the planning and design of any structures or surface
development work to be accomplished by the city with the funds pro-
vided from the sale of bonds issued pursuant to Resolution No. 34569
of King County and to review the plans and specifications for such
structures or work. The project shall reimburse the county's
actual cost attributed to the project.
Section 4. This ordinance shall take effect and be in force
five days from and after its passage and approval.
PASSED by the City Council of the City of `L1-
and approved by its Mayor at a regular meeting of said council held
this day of
ATTEST:
City 1 r
ayor
2.
EXHIBIT A
AGREEMENT
In consideration of the mutual covenants herein, KingCounty
(hereinafter called the "County") and the City of ���✓7/
(hereinafter called the "City") agree as follows:
1. The County shall deliver to the City in the ordinary
course of business after receipt of the proceeds of each series of
general obligation bonds of the County contemplated to'be issued
pursuant to Resolution No. 34569 of the County.
2. The City shall apply said money to the purposes authorized
in said Resolution No. 34569 and Resolution No. 35555 in the manner
and subject to the conditions provided in said resolutions; shall
operate and maintain all facilities acquired, constructed, developed
or improved with said money; shall defend and save the County harmless
from any claim of damage resulting from the acquisition, construction,
development, improvement, operation, maintenance, repair, replacement
or public use of such facilities; and shall perform or comply with all
conditions of said Resolution No. 34569 and Resolution No. 35555
contemplated by said resolutions to be performed or complied with by
agencies to which the proceeds of bonds issued pursuant to such
resolutions have been allocated and delivered.
/VOv� `Je
DATED this day of ^ ) _ 1968.
KING COUNTY
By
ATTEST:
ATTEST: