HomeMy WebLinkAbout1923RESOLUTION NO. / t/,5;)
A RESOLUTION of the City Council of the
City of Kent, Washington, expressing support for
the Kent School District's Capital Improvement and
School Construction General Obligation Bond ballot
proposition entitled, "Capital Improvement and
School Construction General Obligation Bonds -
$252,000,000."
RECITALS
A.The Board of Directors ("Board") of the Kent School District
No. 415, King County, Washington, has adopted its Resolution No. 1482,
calling for a special election on April 26, 2016, for the issuance, in one or
more series, of unlimited tax general obligation bonds in the principal
amount of $252,000,000, payable from ad volorem taxes levied against all
of the taxable property within the district.
B.The Kent School District's Board determined that various
capital improvements to the facilities of the District, including construction
of two new elementary schools and 20 new classrooms; fields, tracks, and
courts renovations; and other improvements and refurbishments to school
facilities. The school board has determined that these improvements are
required to better serve the needs of the students in the District, and are in
the best interest of the residents and students of the District.
1 Resolution
Support -Kent School District Proposition 1
Endorsement Capital Improvement and
School Construction General Obligation Bonds
C.The Board has stated that the taxes levied will be in excess of
the regular property tax levies to pay the principal of and interest on the
Bonds, while maintaining the current tax rate.
D.City councils are authorized to take collective action regarding
ballot measures appearing before the voters so long as the action is taken
at a public meeting, the intended action is identified on the agenda and the
opportunity for opposing views is given to attendees at the public meeting.
E.It is appropriate that the city council support this ballot
measure as permitted pursuant to RCW 42.17A.555.
NOW THEREFORE, THE CITY COUNCIL OF THE CITY OF KENT,
WASHINGTON, DOES HEREBY RESOLVE AS FOLLOWS:
RESOLUTION
SECTION 1. -The Kent City Council supports the Board of Directors
of the Kent School District No. 415's Resolution No. 1482, attached as
Exhibit A to this resolution, and the District's ballot Proposition 1 -"Capital
Improvement and School Construction General Obligation Bonds -
$252,000,000," which the Board of Directors of the Kent School District will
submit to the voters at the April 26, 2016, special election. The
Proposition 1 ballot title and ballot statement are as follows:
Proposition No. 1
Kent School District No. 415
Capital Improvement and School Construction General
Obligation Bonds -$252,000,000
The Board of Directors of the Kent School District No. 415
adopted Resolution No. 1482 concerning a proposition to
2 Resolution
Support -Kent School District Proposition 1
Endorsement Capital Improvement and
School Construction General Obligation Bonds
finance capital improvements to its facilities. This proposition would authorize the District to construct two new elementary schools and 20 new classrooms, make capital improvements to rooms at numerous schools, improve multipurpose rooms and fields, tracks and courts at numerous schools and; to issue $252,000,000 of general obligation bonds maturing with a maximum term of 20 years and to levy annual excess property tax levies to pay and retire such bonds, all as provided in Resolution No. 1482. Should this proposition be:
g/ Approved: D Rejected:
SECTION 2. -The mayor is authorized to take action as necessaryand appropriate to implement the directives of this legislation, including forwarding copies of this resolution to the Board of Directors of the Kent School District No. 415, and others as warranted.
SECTION 3. -Effective Date. This resolution shall take effect and be in force immediately upon its passage.
PASSED at a regular open public meeting by the City Council of the City of Kent, Washington, this /tf#"-day of --L...!....-l-=__::::_\...--"'-'�-, 2016.
I c,/,t# CONCURRED in by the Mayor of the City of Kent this _ o day of.
L.!--+4-1--'---"'-'-'"-'----"'::::._I 2016,
ATTEST:
RONALD F. MOORE, CITY CLERK
3 Resolution
Support -Kent School District Proposition 1
Endorsement Capital Improvement and
School Construction General Obligation Bonds
APPROVED AS TO FORM:
I hereby certify that this is a true and correct copy of Resolution No.
passed by the City Council of the City of Kent, Washington, the
---L-=----day of--'-"-"+"'-"--"'-'--"-'--"""""'-----' 2016.
RONALD F. MOORE, CITY CLERK
4 Resolution
Support -Kent School District Proposition 1
Endorsement Capital Improvement and
School Construction General Obligation Bonds
EXHIBIT A
EXHIBIT A
WHEREAS, the District will notify the King County Manager of Records and Elections,
as ex officio Supervisor of Elections for the District, in compliance with chapters 29A.04 and
29A.40 RCW, of its intention to hold a special election on Tuesday, April 26, 2016, to submit the
proposition of the issuance of the Bonds to the qualified electors of the District for their approval
or rejection and to levy such taxes;
WHEREAS, chapter 39.98 RCW was enacted for the purpose of establishing a credit
enhancement program (the "Program") for voter-approved school district general obligation
bonds;
WHEREAS, RCW 39.98.040 authorizes the State Treasurer to make a determination that
a school district is eligible for participating in the Program under rules adopted by the State Finance
Committee; and
WHEREAS, to the extent the Program demonstrates savings to the taxpayers of the
District, the District wishes to participate in the Program;
NOW, THEREFORE, IT IS HEREBY FOUND, DETERMINED AND ORDERED, as
follows:
Section 1: The Board hereby determines that the best interest of the residents and
students of the District requires the planning, acquisition, design, construction and installation of
certain capital improvements and betterments to its facilities, together with all necessary
appmtenances, fixtures and furnishings therefor, including technology improvements.
Section 2: The proposed capital improvements (the "Project") to be paid for with the
Bond proceeds are as follows:
(a)the construction of two new elementary schools;
(b)the construction of 20 new classrooms;
(c)renovation of multi-purpose rooms at various schools;
( d)renovation of fields, tracks and comts at various schools;
(e)acquire new smartboards;
(f)capital improvements to the roofs at various schools;
(g)the acquisition and installation of all necessary appurtenances, equipment, fixtures
and furnishings of the foregoing, including technology improvements, as deemed necessary by the
Board;
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EXHIBIT A
(h)the acquisition, construction and installation of all such other capital improvements
deemed necessary by the Board; and
(i)ancillary costs of planning, engineering, architectural, construction management,
attorney's fees, costs of bond issuance, permits, accounting costs, easements and any other
expenses or consultant fees incidental thereto, together with all necessary appurtenances, fixtures
and furnishings thereto.
Such capital improvements and betterments described in Section 2 above, which do not
include the replacement of equipment, are to be more fully described in the plans and specifications
to be prepared by the District's architects and engineers and to be filed with the District.
The District anticipates the receipt of financing assistance from the State under chapter
28A.525 RCW in the estimated amount of $5,000,000. The proposed capital improvements to be
paid for with the financing assistance are unrelated to the Project and may include, but are not
limited to, additional work on projects proposed to be paid for with Bond proceeds, modernizing
and equipping the District's existing educational and administrative support facilities, constructing
and equipping new District educational and administrative support facilities, purchasing property
for future schools or other District facilities, technology improvements and other capital
improvements deemed necessary and desirable by the Board, all in order of priority and in the
amount as determined necessary and desirable by the Board.
Section 3: If, in the opinion of the Board, the needs of the District change in a manner
that results in a circumstance wherein any portion of the above-referenced capital improvements
is not required or in the best interests of the District, the Board retains the right not to acquire,
construct and install such capital improvements and to reallocate the money originally
contemplated therefor to other capital improvements to the District's facilities deemed more
necessary by the Board, or to deposit such money into the District's Debt Service Fund to make
debt service payments on the Bonds outstanding or to call and redeem a portion of the Bonds prior
to maturity; provided, any change in use of Bond proceeds shall be in the form and manner required
by law.
Section 4: The total estimated cost of the capital improvements program adopted by
the Board is hereby declared to be approximately $257,000,000; $252,000,000 of which shall be
paid, if authorized and empowered by the three-fifths (3/5) majority approving vote of the qualified
electors of the District, by the issuance and sale of the Bonds.
Section 5: In the event the District has other legally available money or there are Bond
proceeds ( or interest earnings thereon) remaining after the capital improvements set forth in
Section 2 above have been completed or duly provided for, the Board retains the right to make
additional capital improvements to the facilities of the District as are deemed necessary and
desirable by the Board, or to deposit such money into the District's Debt Service Fund to make
debt service payments on the Bonds outstanding or to call and redeem a portion of the Bonds prior
to maturity.
Section 6: In the event the Bond proceeds are insufficient to make all of the capital
improvements set forth in Section 2 above, the District shall use the available money to pay the
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EXHIBIT A
EXHIBIT A
EXHIBIT A
EXHIBIT A
* * * * * * * * * * * * * * *
CERTIFICATE
I, Dr. Calvin J. Watts, Secretary to the Board of Directors of Kent School District No. 415,
King County, Washington, hereby certify that the foregoing Resolution is a full, true and correct
copy of a Resolution duly passed and adopted at a regular meeting of the Board of Directors of
such District, duly held at the regular meeting place thereof on January 27, 2016, of which meeting
all members of such Board had due notice, and at which a majority thereof was present; and that
at such meeting such resolution was adopted by the following vote:
A YES, and in favor thereof, Directors:
NAYS, Directors:
ABSENT, Directors:
ABSTAIN, Directors:
I further certify that I have carefully compared the same with the original Resolution on
file and of record in my office; that such Resolution is a full, true and correct copy of the original
Resolution adopted at such meeting; and that such Resolution has not been amended, modified or
rescinded since the date of its adoption, and is now in full force and effect.
IN WITNESS WHEREOF, I have hereunto set my hand this 27th day of January, 2016.
(S EAL)
4846-0730-9868.3
KENT SCHOOL DISTRICT NO. 415
King County, Washington
Dr. Calvin J. Watts
Secretary to the Board of Directors
EXHIBIT A