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HomeMy WebLinkAbout1428'I RESOLUTION NO. /'-/cJ..K' A RESOLUTION of the City of Kent, Washington, adopting a six year Capital Improvement Plan for the City's drainage utility, establishing budgets and authorizing the sale of either councilmanic or storm drainage revenue bonds. WHEREAS, the City desires to establish a comprehensive program for the City's drainage utility by establishing rate modifications and a new Capital Improvement Plan; and WHEREAS, a budget for the Capital Improvement Plan must be established to incorporate the drainage utility program; and WHEREAS, incorporated into the drainage utility program are rate modifications to the storm and surface water utility; NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF KENT, WASHINGTON DOES HEREBY RESOLVE AS FOLLOWS: Section 1. In order to implement a comprehensive drainage utility and Capital Improvement Program for storm drain improvements, the following actions are hereby approved and authorized: A. Adoption of a six year Capital Improvement Plan for the drainage utility set forth in Exhibit A, and incorporated by this reference. B. Adoption of the first, second, and third years' capital improvements and the budgets established for the same, as set forth in Exhibit A. C. Approve pre-funding the Garrison Creek Project in 1995; D. Adoption of an ordinance modifying drainage utility rates and adjusting the budget to reflect the same. E. Authorization for the Finance Manager to establish interim financing as needed for the first, second, and third years' improvements. F. Authorization for the Finance Manager to proceed with a program for sale of either councilmanic or storm drainage revenue bonds. Passed at a regular meet~ng of the City Council of the City of Kent, Washington this QZA day of --~1)1~~azt~~---' 1995. 2 day ATTEST: Concurred in of m(f by the Mayor of the City of Kent, this 1 1995. Y CLERK APPROVED AS TO FORM: ~R~5~~ro~ I hereby certify that this is a true and correct copy of Resolution No. /Lf~g' , passed by the City Council of the City of Kent, Washington, the ~ ,JJ day of 'm7 , 1995. drainage.res 3 ~(SEAL) CITY CLERK Table 3-1 1995 -2000 Capital Improvement Program Storm Capital Projects Description 1995 1996 1997 l998 1999 2000 Total Mill Creek (Auburn) & 100 120 120 340 Mullen Slough Flood Control Improvement Valley Detention 9,453 2.830 12.283 Mill Creek Flood & 1.500 1.500 Erosion Control Garrison Creek Flood 570 570 1,140 & Erosion Facilities Horseshoe Acre Storm 280 280 Pump Station Miscellaneous Drainage Improvement 150 378 393 409 425 442 2,197 Drainage Improvements in 265 1,365 418 507 2,555 Concert with Road Improvements 3rd Avenue Storm Trunk 280 280 Stream Restoration & 47 47 Streamside Tree Planting Storm Drainage Outfall Treatment Facilities 2,604 2.229 4,833 Total 250 9,951 5,678 5,555 3,072 949 25.455