Ordinance 3424CITY OF EDMONDS, WASHINGTON
ORDINANCE NO. 3424
AN ORDINANCE of the City of Edmonds, Washington, relating to
contracting indebtedness; authorizing the issuance of limited tax general
obligation bonds for general City purposes; authorizing the issuance of a Limited
Tax General Obligation Bond Anticipation Note, 2002, in the aggregate principal
amount of not to exceed $3,240,000 to pay costs of acquiring property for an arts
center to be owned by the City or the Edmonds Public Facilities District, pending
the issuance of bonds; providing for the determination of the date, interest rate,
form, maturity, terms and covenants of the note; creating a note redemption fund;
and providing for the delivery of that note to Church Development Fund, Inc., a
California nonprofit corporation.
WHEREAS, the City Council of the City of Edmonds, by Ordinance No. 3358, effective
May 4, 2001, established the Edmonds Public Facilities District (the "City PFD ") for City
purposes, pursuant to-Chapter 35.57 RCW, to acquire, design, construct, own, finance, operate
and maintain an arts center as a regional center defined under RCW 35.57.020 (the "Regional
Center" or the "Arts Center "); and
WHEREAS, the City of Edmonds, Washington (the "City "), is in need of acquiring
property, or assisting the City PFD to acquire, and improve property for an arts center (the
"Project "), the estimated cost of which is approximately $16,000,000, and neither the City nor
the City PFD has available sufficient funds to pay the cost; and
WHEREASE, the City has entered into or will enter into an Interlocal Agreement for the
Development of the Edmonds Centre for the Arts (the "Interlocal Agreement ") with the City
50351087.04
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PFD, the Snohomish County PFD and Snohomish County, under which the City agrees to assis
in the financing of the Project as set forth in that Interlocal Agreement;
WHEREAS, the City Council deems it to be in the best interests of the City to borrow
money by the issuance of bonds authorized herein, and, pending the issuance of those bonds or
the availability of other sources of repayment, to issue short-term obligations in accordance with
the provisions of chapter 39.50 RCW for the purpose of providing the funds with which to pay
costs of the Project; and
WHEREAS, the City wishes to assist the City PFD in the acquiring and financing of an
arts center pursuant to the interlocal agreement hereinafter defined; and
WHEREAS, Church Development Fund, Inc. a California nonprofit corporation has
offered to convey certain property to the City or the City PFD in exchange for a limited tax
general obligation bond anticipation note under the terms and conditions set forth herein; NOW,
THEREFORE,
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF EDMONDS,
WASHINGTON, as follows:
Section 1. Definitions. As used in this ordinance the following words shall have the
following meanings:
"City" means the City of Edmonds, Washington.
"City PFD" means the Edmonds Public Facilities District, a municipal corporation of the
state of Washington formed by the City pursuant to chapter 35.57 RCW and established by
Ordinance No. 3358 of the City.
"Code" means the Internal Revenue Code of 1986, as amended, and applicable rules and
regulations promulgated thereunder.
"Note" means the Limited Tax General Obligation Bond Anticipation Note, 2002, of the
City in the principal amount of not to exceed $3,240,000, which is authorized to be issued and
delivered by this ordinance.
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"Note Fund" means that special fund of the City known as the 2002 General Obligation
Note Redemption Fund, created by this, ordinance for the payment of the principal of and interest
on the Note.
"Note Registrar" means the City Finance Director.
"Purchaser" means Church Development Fund, Inc., a California nonprofit corporation.
"Project" means the acquisition and improvement of property for the Arts Center.
Section 2. Debt Capacity. The assessed valuation of the taxable property within the City
as ascertained by the last preceding assessment for City purposes for the calendar year 2002 is
$3,260,973,309, and the City has outstanding general indebtedness evidenced by limited tax
general obligation bonds and leases in the principal amount of $14,016,092 incurred within the
limit of up to 1 -1/2% of the value of the taxable property within the City permitted for general
municipal purposes without a vote of the qualified voters therein, unlimited tax general
obligation bonds in the principal amount of $8,600,000 incurred within the limit of up to 2 -1/2%
of the value of the taxable property within the City for capital purposes only, issued pursuant to a
vote of the qualified voters of the City, and the amount of indebtedness for which the note is
authorized herein to be issued is $ 3,240,000.
Section 3. Authorization of Bonds. For the purpose of providing the funds to pay the
cost of carrying out the Project and modernizing and improving the facilities to be acquired and
providing parking therefor, the City shall borrow money and issue limited tax general obligation
bonds in the amount not to exceed $7,400,000. Such bonds shall be issued in one or more series
at such times as the City shall deem advisable; shall be in such denominations and form, shall be
dated, shall bear such interest rate or rates, shall be payable at such time or times, shall have such
option of payment prior to maturity, shall provide for such additional funds and accounts and
shall contain and be subject to such provisions and covenants as hereafter shall be provided by
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ordinance. The general indebtedness to be incurred shall be within the limit of up to 1 -1/2% of
the value of the taxable property within the City permitted for general municipal purposes
without a vote of the qualified voters therein.
Section 4. Authorization and Description of Note. For the purpose of providing part of
the cost of carrying out the Project and the costs of issuance and delivery of the Note pending the
issuance of limited tax general obligation bonds authorized herein, the City shall provide to the
Purchaser the Note consistent with the provisions of this ordinance and under and in
consideration of the conveyance by the Church Development Fund, Inc. to the City and /or the
Edmonds Public Facilities District of certain property pursuant to a Purchase and Sale
Agreement dated September 26, 2002, as it may be amended, and shall issue and deliver the
Note in an aggregate principal amount not to exceed $3,240,000. The general indebtedness to be
incurred shall be within the limit of up to 1 -1/2% of the value of the taxable property within the
City permitted for general municipal purposes without a vote of the qualified voters therein.
The Note shall be designated the Limited Tax General Obligation Bond Anticipation
Note, 2002; shall be dated as of its date of delivery to the Purchaser; shall be in fully registered
form; shall be numbered R -1; and shall mature not to exceed one year from its dated date (the
"Maturity Date ").
The Note shall bear interest at a rate or rates not exceeding 5.5% per annum, which may
be fixed or variable, shall be issued under such terms and conditions, consistent with this
ordinance, as may be approved by the City Council President, including any prepayment or
redemption provisions. The City's Administrative Services Director and/or the Mayor may
negotiate, the City Council President is authorized to approve and the Administrative Services
Director or the Mayor may execute the Note, all as authorized by Chapter 39.50 RCW.
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The City Council finds that the approval of the above - described method of determining
the interest rate on the Note is in the best interest of the City and its taxpayers.
Section 5. Finding as to Value. The City finds that the property to be acquired with the
proceeds of the Note exceeds the value of the Note.
Section 6. Payment of Note. Both principal of and interest on the Note shall be payable
in lawful money of the United States of America solely out of the Note Fund from the proceeds
of bonds, other short-term obligations to be deposited in such account or from other money
legally available and to be used therefor.
Monthly payments of interest on shall be made (i) by check, draft or warrant of the City
mailed at least five days prior to the payment date to the Purchaser, or (ii) by wire or electronic
funds transfer to the Purchaser on or before the payment date, at the option of the City. The
Purchaser shall present to the City a monthly statement of interest due on the Note and of the total
amount of principal outstanding. Note payments shall be recorded on a loan payment record
attached to the Note, or in such other form as the District and the Purchaser may agree.
Principal of the Note, plus accrued interest thereon, is payable at maturity or prior
repayment at the office of the City Administrative Services Director, who is appointed Note
Registrar for the Note, in Edmonds, Washington, upon presentation and surrender of the Note or
at such other place or by such other means as the City Administrative Services Director and the
Bank shall agree.
Section 7. Failure to Pay Installments or Redeem Note. If the City fails to make an
interest payment within ten days following its due date or redeem the Note at maturity, then the
City shall pay to the Purchaser a late fee equal to 5% of the payment amount then due.
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Section 8. Pledge to Redeem Note and Levy Taxes. The City irrevocably pledges to
redeem the Note from the proceeds of a sufficient amount of bonds or additional short-term
obligations and to include in its budget and levy taxes annually within the constitutional and
statutory tax limitations provided by law without a vote of the electors of the City on all of the
taxable property within the City in an amount sufficient, together with other money legally
available and to be used therefor, to pay when due the principal of and interest on the Note. The
full faith, credit and resources of the City are pledged irrevocably for the annual levy and
collection of those taxes and the prompt payment of that principal and interest.
In addition, the City expressly pledges to the payment of the principal of and interest on
the Note, the proceeds of the intergovernmental payments received from the City PFD and from
the Snohomish County Public Facilities District and the proceeds of Real Estate Excise Taxes
imposed by the City under RCW 82.41.010.
The Note is an obligation of the City, payable solely from project payments transferred to
the City by the City PFD, from City Real Estate Excise Tax receipts and from other money of the
City legally available therefor, and the Note is not an obligation of the City PFD, Snohomish
County or the Snohomish County Public Facilities District. The City PFD, Snohomish County,
and the Snohomish. County Public Facilities District are political subdivisions of the state of
Washington that are separate from the City. The Note shall be satisfied exclusively from the
sources described above and no creditor or other person shall have any right of action against or
recourse to Snohomish County, the Snohomish County PFD or any of the respective assets,
credit or services on account of any debts, obligations, liabilities or omissions of the City and/or
City PFD. The Snohomish County Public Facilities District is a municipal corporation is a
municipal corporation organized under RCW 36.100.010 and amended Ordinance No. 01 -041 of
Snohomish County. Amended Ordinance No. 01 -041 expressly provides: "All liabilities
incurred by the District [the `County PFD'] shall be satisfied exclusively from the assets, credit
and property of the District and no creditor or other person shall have any right of action against
or recourse to the County, its assets, credit or services on account of any debts, obligations,
liabilities, or omissions of the District."
Section 9. Prepayment and Redemption Provisions. The City reserves the right and
option to prepay and redeem at any time prior to its stated maturity date any or all of the
principal amount of the Note then - outstanding at par plus accrued interest to the date of such
prepayment and redemption. Written notice to the Purchaser of any intended prepayment and
redemption of the Note shall. not be required. Interest on the Note so prepaid shall cease to
accrue on the date of such prepayment.
Section 10. Form and Execution. The Note shall be printed, lithographed, typed or
multicopied on good bond paper in a form consistent with the provisions of this ordinance, shall
be signed by the Mayor and City Clerk, either or both of whose signatures may be manual or in
facsimile, and the seal of the City or a facsimile reproduction thereof shall be impressed or
printed thereon.
The Note shall contain a Certificate of Authentication in the following form, manually
signed by the Note Registrar, and only if so executed shall the Note be valid or obligatory for
any purpose or entitled to the benefits of this ordinance:
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CERTIFICATE OF AUTHENTICATION
This Note is the fully registered City of Edmonds, Washington, Limited
Tax General Obligation Bond Anticipation Note, 2002, described in the Note
Ordinance.
City Administrative Services Director
City of Edmonds, Washington
Note Registrar
The authorized signing of a Certificate of Authentication shall be conclusive evidence that the
Note so authenticated has been duly executed, authenticated and delivered and is entitled to the
benefits of this ordinance.
Section 11. Registration and Transfer of the Note. The Note shall be issued to the
Purchaser only in registered form as to both principal and interest and recorded on the books or
records maintained by the Note Registrar (the "Note Register "). The Note Register shall contain
the name and mailing address of the owner of the Note.
The Note may not be assigned or transferred by the Purchaser, except that the Purchaser
may assign or transfer the Note to any successor to the business and assets of the Purchaser.
When the Note has been paid in full, both principal and interest, the Note shall be
surrendered by the Purchaser to the Note Registrar, who shall cancel the Note.
Section 12. Preservation of Tax Exemption for Interest on Note. The City covenants that
it will take all actions necessary to prevent interest on the Note from being included in gross
income for federal income tax purposes, and it will neither take any action nor make or permit
any use of proceeds of the Draws on the Note or other funds of the City treated as proceeds of
the Note at any time during the term of the Note which will cause interest on the Note to be
included in gross income for federal income tax purposes. The City certifies that it has not been
notified of any listing or proposed listing by the Internal Revenue Service to the effect that it is a
bond issuer whose arbitrage certifications may not be relied upon.
Section 13. Desiiznation of Note as a "Qualified Tax - Exempt Obli ag tion." The City has
determined and certifies that (a) the Note is not a "private activity bond" within the meaning of
Section 141 of the Code; (b) the reasonably anticipated amount of tax - exempt obligations (other
than private activity bonds and other obligations not required to be included in such calculation)
which the City and any entity subordinate to the City (including any entity which the City
controls, which derives its authority to issue tax - exempt obligations from the City or which
issues tax - exempt obligations on behalf of the City) will issue during the calendar year in which
the Note is issued will not exceed $10,000,000; and (c) the amount of tax - exempt obligations,
including the Note, designated by the City as "qualified tax - exempt obligations" for the purposes
of Section 265(b)(3) of the Code during the calendar year in which the Note is issued does not
exceed $10,000,000. The City designates the Note as a "qualified tax- exempt obligation" for the
purposes of Section 265(b)(3) of the Code.
Section 14. Creation of Note Fund. There shall be created and established in the office of
the Administrative Services Director a fund of the City to be known and designated as the 2002
General Obligation Note Redemption Fund (the "Note Fund "), and the Administrative Services
Director is authorized and directed to create and establish such fund. The principal of and
interest on the Note shall be paid out of such fund, and, pending expenditure, money therein may
be invested and the earnings used for the purpose of that fund.
Section 15. Approval of Transaction. The City find that the terms and conditions
contained in this ordinance are in the best interest of the City and authorizes and approves the
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execution and delivery of, and the performance by the City of its obligations contained in the
Note and this ordinance in connection with the Note.
The Note will be prepared at the City's expense and will be delivered to the Purchaser
with the approving legal opinion of Foster Pepper & Shefelman PLLC, municipal bond counsel
of Seattle, Washington, regarding the Note. The proper City officials are authorized and directed
to do everything necessary for the prompt delivery of the Note to the Purchaser.
Section 16. Ratification and Confirmation. Any actions of the City or its officers prior to
the date hereof and consistent with the terms of this ordinance are ratified and confirmed.
Section 17. Effective Date of Ordinance. This ordinance shall take effect and be in force
from and after its passage and five days following its publication as required by law.
PASSED by the City Council and APPROVED by the Mayor of the City of Edmonds,
Washington, at a regular open public meeting thereof, of which due notice was given as provided
by law, this 29th day of October, 2002.
ATTEST:
City Clerk Sandra S. Chase
APPROVED AS TO FORM:
M or daroLkenson
e
FO ER PEPPER LMAN PLLC
Bond Counsel
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Filed with the City Clerk: 10/29/2002
Passed by the City Council: 10/29/2002
Published: 11/03/2002
Effective Date: 11/08/2002
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CERTIFICATION
I, the undersigned, City Clerk of the City of Edmonds, Washington (the "City "), hereby
certify as follows:
1. The attached copy of Ordinance No. 3424 (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 October 29, 2002, 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.
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 November,
2002.
CITY OF EDMONDS, WASHINGTON
SANDRA S. CHASE, City Clerk
50351087.04
SUMMARY OF ORDINANCE NO. 3424
of the City of Edmonds, Washington
On the 29th day of October, 2002, the City Council of the City of Edmonds,
passed Ordinance No. 3424. A summary of the content of said ordinance, consisting of
the title, provides as follows:
AN ORDINANCE of the City of Edmonds, Washington, relating to
contracting indebtedness; authorizing the issuance of limited tax general
obligation bonds for general City purposes; authorizing the issuance of a
Limited Tax General Obligation Bond Anticipation Note, 2002, in the
aggregate principal amount of not to exceed $3,240,000 to pay costs of
acquiring property for an arts center to be owned by the City or the
Edmonds Public Facilities District, pending the issuance of bonds;
providing for the determination of the date, interest rate, form, maturity,
terms and covenants of the note; creating a note redemption fund; and
providing for the delivery of that note to Church Development Fund, Inc., a
California nonprofit corporation.
The full text of this Ordinance will be mailed upon request.
DATED this 30th day of October, 2002.
r ,,/ cl�
CITY CLERK, SANDRA S. CHASE
Local Improvements— Filling and Draining Lowlands — Waterways 35.56.230
M
utting upon it shall ever be leased unless an equal frontage
the abutting property immediately adjoining it is leased at
same time for the same period to the same individual or
ncern. [1965 c 7 § 35.56.230. Prior: 1913 c 16 § 17,
rt; RRS § 9465, part.]
35.56.240 Waterways constructed— Acquisition of
cutting property. While acquiring the rights of way for
ch canals or waterways or at any time thereafter such city
ay acquire for its own use and public use by purchase, gift,
ademnation or otherwise, and pay therefor by any lawful
eans including but not restricted to payment out of the
irrent expense fund of such city or by bonding the city or
pledging revenues to be derived from rents and issues
erefrom, lands abutting upon the shore lines or right -of-
ay of such canals or waterways to a distance, depth or
idth of not more than three hundred feet back from the
inks or shore lines of such canals or waterways on either
ie or both sides thereof, or not more than three hundred
teal feet back from and abutting on the outer lines of such
;hts -of -way on either side or both sides of such rights -of-
ay, and such area of such abutting lands as the council or
)mmission may deem necessary for its use for public
)cks, bridges, wharves, streets and other conveniences of
tvigation and commerce and for its own use and benefit
;nerally. [1965 c 7 § 35.56.240. Prior: 1913 c 16 § 18,
irt; RRS § 9466, part.]
35.56.250 Waterways — Abutting city owned lands —
ease of. If the city is not using the abutting lands so
squired it may lease any parcels thereof as may be deemed
it the best interest and convenience of navigation, com-
erce and the public interest and welfare to private individu-
s or concerns for terms not exceeding thirty years each at
ich annual rate or rental as the city council or commission
such city may deem just, proper and fair, for the purpose
erecting wharves for wholesale and retail warehouses and
)r general commercial purposes and manufacturing sites,
it the said city shall never convey or part with title to the
) utting lands above mentioned and so acquired nor with the
introl other than in the manner herein specified. Any lease
leases granted by the city on such abutting lands shall
:ver be .transferred or assigned without the consent of the
ty council or commission having been first obtained.
A city shall never lease to any individual or concern
t.ore than four hundred lineal feet of canal or waterway
ontage of said land and no individual or concern shall ever
old or occupy by lease, sublease, or otherwise more than
to said four hundred lineal feet of said frontage: PROVID-
D, That any individual or concern may acquire by lease or
iblease whatever additional frontage of such abutting land
iay be in the judgment of the city council or commission
�cessary for the use of such individual or concern, upon
°tition presented to the city council or commission therefor
gned by not less than five hundred resident freeholders of
ch city. [1965 c 7 § 35.56.250. Prior: 1913 c 16 § 18,
lrt; RRS § 9466, part.]
35.56.260 Waterways— Abutting lands— Lessee
iust lease shoreline property.. At the time that the city
uses to any individual or concern any of the land abutting
W2 Ed.)
on the area between the shore lines and the dock lines the
same individual or concern must likewise for the same
period of time lease all of the area between the shore line
and dock line of such canal or waterway lying contiguous to
and immediately in front of the abutting land so leased.
[1965 c 7 § 35.56.260. Prior: 1913 c 16 §' 18, part; RRS §
9466, part.]
35.56.270 Work by day labor. When a city under-
takes any improvement authorized by this chapter and the
expenditures required exceed the sum of five hundred
dollars, it shall be done by contract and shall be let to the
lowest responsible bidder, after due notice, under such
regulation as may be prescribed by ordinance: PROVIDED,
That the city council or commission may reject all bids
presented and readvertise, or, if in the judgment of the city
council or commission the work can be performed, or
supplies or materials furnished by the city independent of
contract, cheaper than under the bid submitted, it may after
having so advertised and examined the bids, cause the work
to be performed or supplies or materials to be furnished
independent of contract. This section shall be construed as
a concurrent and cumulative power conferred on cities and
shall not be construed as in any wise repealing or affecting
any law now in force relating to the performing, execution
and construction of public works. [1965 c 7 § 35.56.270.
Prior: 1913 c 16 § 20; RRS § 9468.]
35.56.280 Reassessments. If any assessment is found
to be invalid for any cause or if it is set aside for any reason
in judicial proceeding, a reassessment may be made. and all
laws then in force relative to the reassessment of local
assessments, for street or other improvements, shall, as far
as practical, be applicable hereto. [ 1965 c 7 § 35.56.280.
Prior: 1913 c 16 § 16; RRS § 9464.]
Local improvements, assessments and reassessments: Chapter 35.44 RCW.
35.56.290 Provisions of chapter not exclusive. The
provisions of this chapter shall not be construed as repealing
or in any wise affecting other existing laws relative to the
making of any such improvements but shall be considered as
concurrent therewith. [1965 c 7 § 35.56_.290. Prior: 1929
c 63 § 5; 1913 c 16 § 22; RRS § 9470.]
[Title 35 RCW —page 1871
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Chapter 35.57
PUBLIC FACILITIES DISTRICTS
Sections
35.57.010
Creation =Board of directors — Corporate powers.
35.57.020
Regional centers = Charges and fees— Powers.
35.57.030
General obligation bonds.
35.57.040
Authorized charges, fees, and taxes — Gifts.
35.57.050
Travel, expense reimbursement policy — Required.
35.57.060
Expenditure of funds — Purposes.
35.57.070
Service provider agreements.
35.57.080
Purchases and sales — Procedures.
35.57.090
Revenue bonds — Limitations.
35.57.100
Tax on admissions.
35.57.110
Tax on vehicle parking charges.
35.57.900
Severability -1999 c 165.
[Title 35 RCW —page 1871
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I
35.57.010
Title 35 RCW: Cities and Towns
35.57.010 Creation —Board of directors — Corporate
powers. (1)(a) The legislative authority of any town or city
located in a county with a population of less than one
million may create a public facilities district.
(b) The legislative authorities of any contiguous group
of towns or cities located in a county or counties each with
a population of less than one million may enter an agreement
under chapter 39.34 RCW for the creation and joint opera-
tion of a public facilities district.
(c) The legislative authority of any town or city, or any
contiguous group of towns or cities, located in a county with
a population of less than one million and the legislative
authority of a contiguous county, or the legislative authority
of the county or counties in which the towns or cities are
located, may enter into an agreement under chapter 39.34
RCW for the creation and joint operation of a public
facilities district.
(2)(a) A public facilities district shall be coextensive
with the boundaries of the city or town or contiguous group
of cities or towns that created the district.
(b) A public facilities district created by an agreement
between a town or city, or a contiguous group of towns or
cities, and a contiguous county or the county in which they
are located, shall be coextensive with the boundaries of the
towns or cities, and the boundaries of the county or counties
as to the unincorporated areas of the county or counties.
The boundaries shall not include incorporated towns or cities
that are not parties to the agreement for the creation and
joint operation of the district.
(3)(a) A public facilities district created by a single city
or town shall be governed by a board of directors consisting
of five members selected as follows: (i) Two members
appointed. by the legislative authority of the city or town;
and (ii) three members appointed by legislative authority
based on recommendations from local organizations. The
members appointed under (a)(i) of this subsection, shall not
be members of the legislative authority of the city or town.
The members appointed under (a)(ii) of this subsection, shall
be based on recommendations received from local organiza-
tions that may include, but are not limited to the local
chamber of commerce, local economic development council,
and local labor council. The members shall serve four -year
terms. Of the initial members, one must be appointed for a
one -year term, one must be appointed for a two -year term,
one must be appointed for a three -year term, and the
remainder must be appointed for four -year terms.
(b) A public facilities district created by a contiguous
group of cities and towns shall be governed by a board of
directors consisting of seven members selected as follows:
(i) Three members appointed by the legislative authorities of
the cities and towns; and (ii) four members appointed by the
legislative authority based on recommendations from local
organizations. The members appointed under (b)(i) of this
subsection shall not be members of the legislative authorities
of the cities and towns. The members appointed under
(b)(ii) of this subsection, shall be based on recommendations
received from local organizations that include, but are not
limited to the local chamber of commerce, local economic
development council, local labor council, and a neighbor-
hood organization that is directly affected by the location of
the regional center in their area. The members of the board
of directors shall be appointed in. accordance with the terms
[Title 35 RCW —page 1881
of the agreement under chapter 39.34 RCW for the JO1
operation of the district and shall serve four -year terms,
the initial members, one must be appointed for a one-..
term, one must be appointed for a two -year term, one "Yeas
be appointed for a three -year term, and the remainder mnst
be appointed for four -year terms. must ,
(c) A public facilities district created by a town or, city
or a contiguous group of towns or cities, and a contiguous
county or the county or counties in which they are located,
shall be governed by a board of directors consisting of seven
members selected as follows: (i) Three members appointed
by the legislative authorities of the cities, towns, and county;
and (ii) four members appointed by the legislative authority
based on recommendations from local organizations.' The
members appointed under (c)(i) of this subsection shall not
be members of the legislative authorities of the cities, towns,
or county. The members appointed under (c)(ii) of this
subsection shall be based on recommendations received from "
local organizations that include, but are not limited to, the
local chamber of commerce, the local economic development
council, the local labor council, and a neighborhood organi-
zation that is directly affected by the location of the regional `
center in their area. The members of the board of directors
shall be appointed in accordance with the terms of the
agreement under chapter 39.34 RCW for the joint operation
of the district and shall serve four -year terms. Of the initial
members, one must be appointed for a one -year term, one
must be appointed for a two -year term, one must be appoint-
ed for a three -year term, and the remainder must be appoint-
ed for four -year terms.
(4) A public facilities district is a municipal corporation,
an independent taxing "authority" within the meaning of
Article VII, section 1 of the state Constitution, and a "taxing
district" within the meaning of Article VII, section 2 of the
state Constitution.
(5) A public facilities district shall constitute a body
corporate and shall possess all the usual powers of a corpo-
ration for public purposes as well as all other powers that
may now or hereafter be specifically conferred by statute,
including, but not limited to, the authority to hire employees,
staff, and services, to enter into contracts, and to sue and be
sued.
(6) A public facilities district may acquire and transfer
real and personal property by lease, sublease, purchase, or
sale. No direct or collateral attack on any public facilities
district purported to be authorized or created in conformance
with this chapter may be commenced more than thirty days
after creation by the city and/or county legislative authority.
[2002 c 363 § 1; 1999 c 165 § 1.1
35.57.020 Regional centers— Charges and fees —
Powers. (1) A public facilities district is authorized to
acquire, construct, own, remodel, maintain, equip, reequip,
repair, finance, and operate one or more regional centers.
For purposes of this chapter, "regional center" means a
convention, conference, or special events center, or any
combination of facilities, and related parking facilities,
serving a regional population constructed, improved, or
rehabilitated after July 25, 1999, at a cost of at least ten
million dollars, including debt service. 'Regional center"
also includes an existing convention, conference, or special
(2002 Ed.)
1
i,
i
f Public Facilities Districts 35.57:020
events center, and related parking facilities, serving a
regional population, that is improved or rehabilitated after
July 25, 1999, where the costs of improvement or rehabilita-
tion are at least ten million dollars, including debt service.
A "special events center" is a facility, available to the public, .
used for community events, sporting events, trade shows,
and artistic, musical, theatrical, or other cultural exhibitions,
Presentations, or performances. A regional center is conclu-
sively presumed to serve a regional population if state and
local government investment in the construction, improve-
ment, or rehabilitation. of the regional center is equal to or
greater than ten million dollars.
(2) A public facilities district may enter into contracts .
with any city or town for the purpose of exercising any
powers of a community renewal agency under chapter 35.81
RCW.
(3) A public facilities district may impose charges and
fees for the use of its facilities, and may accept and expend
or use gifts, grants, and donations for the purpose of a
regional center.
(4) A public facilities district may impose charges, fees,
and taxes authorized in RCW 35.57.040, and use revenues
.derived therefrom for the purpose of paying principal and
interest payments on bonds issued by. the public facilities
district to construct a regional center.
(5) Notwithstanding the establishment of a career, civil,
Pr merit service system, a public facilities district may
contract with a public or private .entity for the operation or
management of its public facilities.
(6) A public facilities district is authorized to use the
supplemental alternative public works contracting procedures
set forth in chapter 39.10 RCW in connection with the
3esign, construction, reconstruction, remodel, or alteration of
any regional center.
(7) A city or town in conjunction with any special
gency, authority, or other district established by a county or
in' other
u.Y governmental agency is authorized to use the
supplemental alternative public works contracting procedures
et, forth in chapter 39.10 RCW in connection with the
lesign, construction, reconstruction, remodel, or alteration of
my regional center funded in whole or in part by a public
acilities district. [2002 c 363 § 2; 2002 c 218 § 25; 1999
165 §2.]
Reviser's note: This section was amended by 2002 c 218 § 25 and
j'`2002 c 363 § 2, each without reference to the other. Both amendments
re incorporated in the publication of this section under RCW 1.12.025(2).
of rule of construction, see RCW 1.12.025(1).
Severability— Savings — Construction =2002 c 218: See notes
>ilowing RCW 35.81,005.
35.57.030 General obligation bonds. (1) To carry
the purpose of this chapter, a public facilities district
I issue general obligation bonds, not to exceed an
runt, together with any outstanding nonvoter- approved
ral obligation indebtedness, equal to one -half of one
:ent of -the value of the taxable property within the
ict, as the term "value of the taxable property" is defined
CW 39.36.015. A facilities district additionally may
V general obligation bonds for capital purposes only,
ther with any outstanding general obligation indebted-
; not to exceed an amount equal to one and one - fourth
ent of the value of the taxable property within the
district, as the term "value of the taxable property" is defined
in RCW 39.36.015, when authorized by the voters of the
public facilities district pursuant to Article VIII, section 6 of
the state Constitution, and to provide, for the retirement
thereof by taxes authorized in chapter 165, Laws of 1999.
(2) General obligation bonds may be issued with a
maturity of up to thirty years, and -shall be issued and sold
in accordance with the provisions of chapter 39.46 RCW.
(3) The general obligation bonds may be payable from
the operating revenues.of the public facilities district in
addition to the tax receipts of the district. [1999 c 165 § 3.]
35.57.040 Authorized charges, fees, and taxes —
Gifts. (1) The board of directors of the public facilities
district may impose the following for the, purpose of funding
a regional center:
(a) Charges and fees for the use of any of its facilities;
(b) Admission charges under RCW 35.57.100;
(c) Vehicle parking charges under RCW 35.57.110; and
(d) Sales and use taxes authorized under•RCW
82.14.048 and 82.14.390.
(2) The board may accept and expend or use gifts,
grants, and donations for the purpose of a regional center.
The revenue from the charges, fees, and taxes imposed under
this section shall be used only for the purposes authorized by
this chapter. [1999 c 165 § 4.]
35.57.050 Travel, expense reimbursement policy —
Required. The board of directors of the public facilities
district shall adopt a resolution that may be amended from
time to time that shall establish the basic requirements
governing methods and amounts of reimbursement payable
to such district officials' and employees for travel and other
business expenses incurred on behalf of the district. The
resolution shall, among other things, establish procedures for
approving such expenses; the form of the travel and expense
voucher; and requirements governing the use of credit cards
issued in the name of the district. The resolution may also
establish procedures for payment of per diem to board
members. The state auditor shall, as provided by general
law, cooperate with the public facilities district in establish-
ing adequate procedures for regulating and auditing the
reimbursement of all such expenses, [1999 c 165 § 5.1
35.57.060 Expenditure of funds — Purposes. The
board of directors of the public facilities district shall have
authority to authorize the expenditure of funds for the public
purposes of preparing and distributing information to the
general public and promoting, advertising, improving,
developing, operating, and maintaining a regional center.
Nothing contained in this section may be construed to
authorize preparation and distribution of information to the
general public for the purpose of influencing the outcome of
a district election. [1999 c 165 § 6.1
35.57.070 Service provider agreements. The public
facilities district may secure services by means of an
agreement with a service provider. The public facilities
district shall publish notice, establish criteria, receive and .
evaluate proposals, and negotiate with respondents under
[Title 35 RCW —page 189]
I •
35.57.070 Title 35 RCW: Cities and Towns
requirements set forth by district resolution. [1999 c 165 § may be issued in the same manner a
7'1 issued. [1999 c 165 § 9.] s revenue bonds are
35.57.080 Purchases and sales— Procedures. In
addition to provisions contained in chapter 39.04 RCW, the
public facilities district is authorized to follow procedures
contained in RCW 43.19.1906 and 43.19. 1911 for all
purchases, contracts for purchase, and sales. [1999 c 165 §
8.]
35.57.090 Revenue bonds— Limitations. (1) A
public facilities district may issue revenue bonds to fund
revenue - generating facilities, or portions of facilities, which
it is authorized to provide or operate. Whenever revenue
bonds are to be issued, the board of directors of the district
shall create or have created a special fund or funds from
which, along with any reserves created pursuant to RCW
39.44.140, the principal and interest on such revenue bonds
shall exclusively be payable. The board may obligate the
district to set aside and pay into the special fund or funds a
fixed proportion or a fixed amount of the revenues from the
public improvements, projects, or facilities, and all related
additions, that are funded by the revenue bonds. This
amount or proportion shall be a lien and charge against these
revenues, subject only to operating and maintenance expens-
es. The board shall have due regard for the cost of opera-
tion and maintenance of the public improvements, projects,
or facilities, or additions, that are funded by the revenue
bonds, and shall not set aside into the special fund or funds
a greater amount or proportion of the revenues that in its
judgment will be available over and above the cost of
maintenance and operation and the amount or proportion, if
any, of the revenue so previously pledged. The board may
also provide that revenue bonds payable out of the same
source or sources of revenue may later be issued on a parity
with any revenue bonds being issued and sold.
(2) Revenue bonds issued under this section shall not be
an indebtedness of the district issuing the bonds, and the
interest and principal on the bonds shall only be payable
from the revenues lawfully pledged to meet the principal and
interest requirements and any reserves created under RCW
39.44.140. The owner or bearer of a revenue bond or any
interest coupon issued under this section shall not have any
claim against the district arising from the bond or coupon
except for payment from the revenues lawfully pledged to
meet the principal and interest requirements and any reserves
created under RCW 39.44.140. The substance of the
limitations included in this subsection shall be plainly
printed, written, or engraved on each bond issued under this
section.
(3) Revenue bonds with a maturity in excess of thirty
years shall not be issued. The board of directors of the
district shall by resolution determine for each revenue bond
issue the amount, date, form, terms, conditions, denomina-
tions, maximum fixed or variable interest rate or rates,
maturity or maturities, redemption rights, registration
privileges, manner of execution, manner of sale, callable
provisions, if any, and covenants including the refunding of .
existing revenue bonds. Facsimile signatures may be used
on the bonds and any coupons. Refunding revenue bonds
[Title 35 RCW —page 1901
35.57.100 Tax on admissions. A public facility
district may levy and fix a tax of not more than one cent on
twenty cents or fraction thereof to be paid by the person who
pays an admission charge to a regional center. This includes
a tax on persons who are admitted free of charge or at
reduced rates if other persons pay a charge or a regular
higher charge for the same privileges or accommodations.
The term "admission charge' includes:
(1) A charge made for season tickets or subscriptions;
(2) A cover charge, or a charge made for use of seats
and tables reserved or otherwise, and other similar accom-
modations;
(3) A charge made for food and refreshment if free
entertainment, recreation, or amusement is provided.
(4) A charge made for rental or use of equipment .o%
facilities for purposes of recreation or amusement; if the
rental of the equipment or facilities is necessary to the
enjoyment of a privilege for which a general admission is
charged, the combined charges shall be considered as the
admission charge;
(5). Automobile parking charges if the amount of the
charge is determined according to the number of passengers
in the automobile. [1999 c 165 § 10.]
35.57.110 Tax on vehicle parking charges. A public
facility district may levy and fix a tax on any vehicle
parking charges imposed at any parking facility that is
owned or leased by the public facility district as part of a
regional center. No county or city or town within which the
regional center is located may impose a tax of the same or
similar kind on any vehicle parking charges at the facility.
For the purposes of this section, "vehicle parking charges"
means only the actual parking charges exclusive of taxes and
service charges and the value of any other benefit conferred.
The tax authorized under this section shall be at the rate of
not more than ten percent. [1999 c 165 § 11.1
35.57.900 Severability -1999 c 165. If any provision
of this act or its application to any person or circumstance is
held invalid, the remainder of the act or the application of
the provision to other persons or circumstances is not
affected. [1999 c 165 § 23.]
Chapter 35.58
METROPOLITAN MUNICIPAL CORPORATIONS
Sections
35.58.010 Declaration of policy and purpose.
35.58.020 Definitions.
35.58.030 Corporations authorized— Limitation on boundaries.
35.58.040 Territory which must be included or excluded — Boundaries.
35.58.050 Functions authorized.
35.58.060 Una -
35.58.070 Res' Adopted by Refere ce
35.58.080 Hea Ordinance # .3 on lO- Z9 -p2-
35.58.090 Elec
City Clerk
35.58.100 Add
(2002 Ed.)
3`
3'
35
(2C
RCW 36.:100.01.0
Page 1 of 2
Public facilities districts -- Creation -- Approval of taxes by election -- Corporate powers --
Property transfer.
(1) A public facilities district may be created in any county and shall be coextensive with the boundaries
of the county.
(2) A public facilities district shall be created upon adoption of a resolution providing for the creation of
such a district by the county legislative authority in which the proposed district is located.
(3) A public facilities district is a municipal corporation, an independent taxing "authority" within the
meaning of Article VII, section 1 of the state Constitution, and a "taxing district" within the meaning of
Article VII, section 2 of the state Constitution.
(4) No taxes authorized under this chapter may be assessed or levied unless a majority of the voters of
the public facilities district has approved such tax at a general or special election. A single ballot
proposition may both validate the imposition of the sales and use tax under RCW 82.14.048 and the
excise tax under RCW 36.100.040.
(5) A public facilities district shall constitute a body corporate and shall possess all the usual powers of a
corporation for public purposes as well as all other powers that may now or hereafter be specifically
conferred by statute, including, but not limited to, the authority to hire employees, staff, and services, to
enter into contracts, and to sue and be sued.
(6) A public facilities district may enter into contracts with a county for the purpose of exercising any
powers of a community renewal agency under chapter 35.81 RCW.
(7) The county legislative authority or the city council may transfer property to the public facilities
district created under this chapter. No property that is encumbered with debt or that is in need of major
capital renovation may be transferred to the district without the agreement of the district and revenues
adequate to retire the existing indebtedness.
[2002 c 218 26; 1995 3rd sp.s. c 1301; 1995 1st sp.s. c 14 1; 1995 c 396 1; 1989 1st ex.s. c 8 1; 1988 ex.s. c Ill.]
NOTES:
Severability -- Savings -- Construction -- 2002 c 218: See notes following RCW 35.81..005..
Part headings not law -- Effective date -- 1995 3rd sp.s. c 1: See notes following RCW
82.1.4.0485.
Severability -- 1995 1st sp.s. c 14: "If any provision of this act or its application to any person or
circumstance is held invalid, the remainder of the act or the application of the provision to other persons
or circumstances is not affected." [1995 1st sp.s. c 14 12.]
Effective dates - -1995 1st sp.s. c 14: "(1) Sections 1 through 9 and 11 of this act are necessary for
the immediate preservation of the public peace, health, or safety, or support of the state government and
its existing public institutions, and shall take effect July 1, 1995.
(2) Sections 10 and 12 of this act are necessary for the immediate preservation of the public peace,
health, or safety, or support of the state government and its existing public institutions, and shall take
http: // search. mrsc. org /nxtlgateway.dll /rcw /rcw %20% 2036 %20 %20title /rcw %20 %2036 %... 11/13/2002
effect immediately [June 14, 1995]." [1995 1st sp.s. c 14 13.]
Page 2 of 2
Severability - -1995 c 396: "If any provision of this act or its application to any person or
circumstance is held invalid, the remainder of the act or the application of the provision to other persons
or circumstances is not affected." [1995 c 396 19.]
Adopted by Refe en e
Ordinance # 3 .? on 10- 29-0,
�i,.e.�,R� � • C.iK•a.�y
City Clerk
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Bonds Sold to Government at Private Sale
r
payable in whole or in part out of and from the earnings to
be derived from any utility, system, construction, work, or
works, belonging to or operated by any such issuer, or
Payable in whole or in part out of and from local or
"benefit" assessments upon lands within any assessment
district or assessment subdivision within any such issuer,
may be sold to the United States government or to any
I epartment, corporation or agency thereof by. private sale
without giving any prior notice thereof by publication or
otherwise and to such manner as the governing authority of
such issuer may provide: PROVIDED, Only that bonds or
other securities sold at private sale under the authority of this
chapter shall bear interest at a rate or rates as authorized by
the issuer and that all bonds and securities `sold and issued
under the authority of this chapter shall be sold, if now
required by existing law, at not less than par and accrued
interest. [1970 ex.s. c 56 § 59; 1969 ex.s. c 232 § 76; 1933
ex.s., ,t 30 § 1; RRS § 5583 -11.1
Purpose -1970 ex.s. c 56: See note following RCW 39.52.020.
Validation— Saving — Severability -1969 ex.s. c 232: See notes
following RCW 39.52.020.
39.48.020 Amortization — Requirements relaxed. It
shall be proper to provide with respect to any bonds now
required to. be amortized as provided by *RCW 39.44.010
through' 39.44.080, that such amortized annual maturities
shall- commence to be payable at any time on or before five
years from the date of said bonds, and that any bonds, or
any part thereof, issued under the authority of this chapter,
shall.be redeemable prior to their fixed maturities, as
provided by the governing board or authority of any such
issuer. [1933 ex.s. c 30 § 2; RRS § 5583 -12.1
`Reviser's note: RCW 39.44.010, 39.44.011, 39.44.020, 39.44.030,
39.44;060, and 39.44.080 were repealed by 1984 c 186 § 70.
39:48.030 "Issuer" defined. The issuing corpora -
tions, districts, and subdivisions hereinbefore referred to and
described as "issuer ", shall include any county, city, town,
school district, port district, metropolitan park district, taxing
district, assessment district or any public corporation or
Municipal corporation authorized by existing law to issue
bonds, securities or other evidences of indebtedness for itself
or for any other taxing or assessment district therein or
dtPartment thereof. [1933 ex.s. c 30 § 3; RRS § 5583 -13.1
39.48.040 Chapter optional. It shall be optional with
�y Such issuer, at its discretion, to exercise all or any of the
=�Mers conferred by this chapter in connection with the
'£`;motion and exercise by any such issuer of the provisions
Powers granted by existing law. [1933 ex.s. c 30 § 4;
aS § 5583,14.1
Chapter 39.50
SHORT -TERM OBLIGATIONS —
MUNICIPAL CORPORATIONS
:a 0 Definitions:
Short -term obligations authorized.
Issuance of short-term obligations— Procedure — Interest
mte"- Contracts for future sale.
39.48.010
39.50.040 Refunding and renewal of short-term obligations.
39.50.050 Short -term obligations — Security.
39.50.060 Nonvoted general indebtedness.
39.50.070 Funds for payment of principal and interest.
39.50.900 Chapter cumulative — Applicability to joint operating agen-
cies.
39.50.010 Definitions. As used in this chapter, the
following terms have'the meanings indicated unless the
context clearly requires otherwise.
(1) "Governing body" means the legislative authority of
a municipal corporation by whatever name designated;
(2) "Local improvement district includes local improve -
ment districts, utility local improvement districts, road
improvement districts, and other improvement districts that
a municipal corporation is authorized by law to establish;
(3) "Municipal corporation" means any city, town,
county, water -sewer district, school district, port district,
public utility district, metropolitan municipal corporation,
public transportation benefit area, park and recreation
district, irrigation district, fire protection district or any other
municipal or quasi municipal corporation described as such
by statute, or regional transit authority, except joint operating
agencies under chapter 43.52 RCW;
(4) "Ordinance' means an ordinance of a city or town
or resolution or other instrument by which the governing
body of the municipal corporation exercising any power
under this chapter takes formal action and adopts legislative
provisions and matters of some permanency; and
(5) "Short-term obligations" are warrants, notes, capital
leases, or other evidences of indebtedness, except bonds.
[2001 c 299 § 16; 1999 c 153 § 54; 1998 c 106 § 8; 1985 c
332 § 8; 1982 c 216 § 2.]
Part headings not law -1999 c 153: See note following RCW
57.04.050.
39.50.020 Short -term obligations authorized.
Subject to any applicable budget requirements, any municipal
corporation may borrow money and issue short-term obliga-
tions as provided in this chapter, the proceeds of which may
be used for any lawful purpose of the municipal corporation.
Short-term obligations may be issued in anticipation of the
receipt of revenues, taxes, or grants or the sale of (1) general
obligation bonds if the bonds may be issued without the
assent of the voters or if previously ratified by the voters; (2)
revenue bonds if the bonds have been authorized by ordi-
nance; (3) local improvement district bonds if the bonds
have been authorized by ordinance. These short-term obli-
gations shall be repaid out of money derived from the source
or sources in anticipation of which they were issued or from
any money otherwise legally available for this purpose.
[1982 c 216 § 3.]
39.50.030 Issuance of short -term obligations -
Procedure— Interest rate — Contracts for future sale. (1)
The issuance of short-term obligations shall be authorized by
ordinance of the governing body which ordinance shall fix
the maximum amount of the obligations to be issued or, if
applicable, the maximum amount which may be outstanding
at any time, the maximum term and interest rate or rates to
be borne thereby, the manner of sale, maximum price, form
including bearer or registered as provided in RCW
[Title 39 RCW —page 651
39.50.030
Title 39 RCW: Public Contracts and Indebtedness
39.46.030, terms, conditions, and the covenants thereof. For
those municipalities and taxing and assessment districts for
which the county treasurer is not the designated treasurer by
law, the ordinance may provide for designation and employ-
ment of a paying agent for the short -term obligations and
may authorize a designated representative of the municipal
corporation, subject to the terms of the ordinance in selling
and delivering short-term obligations authorized and fixing
the dates, price, interest rates, and other details as may be
specified in the ordinance. For the county and those taxing
and assessment districts for which the county treasurer is the
designated treasurer by law or other appointment, the county
treasurer shall be notified thirty days in advance of borrow-
ing under this chapter and will be the designated paying
agent to act on its behalf for all payments of principal,
interest, and penalties for that obligation, subject to the terms
of the ordinance in selling and delivering short -term obliga-
tions authorized and fixing the dates, price, interest rates,
and other details as may be specified in the ordinance.
Short-term obligations issued under this section shall bear
such fixed or variable rate or rates of interest as the govern-
ing body considers to be in the best interests of the munici-
pal corporation. Variable rates of interest may be fixed in
relationship to such standard or index as the governing body
designates.
The governing body may make contracts for the future
sale of short-term obligations pursuant to which the purchas-
ers are committed to purchase the short -term obligations
from time to time on the terms and conditions stated in the
contract, and may pay such consideration as it considers
proper for the commitments. Short -term obligations issued
in anticipation of the receipt of taxes shall be paid within six
months from the end of the fiscal year in which they are
issued. For the purpose of this subsection, short -term
obligations issued in anticipation of the sale of general
obligation bonds shall not be considered to be obligations
issued in anticipation of the receipt of taxes.
(2) Notwithstanding subsection (1) of this section, such
short-term obligations may be issued and sold in accordance
with chapter 39.46 RCW. [2001 c 299 § 17; 1995 c 38 § 9;
1994 c 301 § 13; 1985 c 71 § 1; 1983 c 167 § 112; 1982 c
216 § 4.]
Acts of municipal officers ratified and confirmed -1995 c 38: See
note following RCW 3.02.045.
Liberal construction— Severability -1983 c 167: See RCW
39.46.010 and note following.
39.50.040 Refunding and renewal of short -term
obligations. Short-term obligations may, from time to time,
be renewed or refunded by the issuance of short -term
obligations and may be funded by the issuance of revenue,
local improvement district, special assessment, or general
obligation bonds. Short-term obligations payable from taxes
shall not be renewed or refunded to a date later than six
months from the end of the fiscal year in which the original
short -term obligation was issued. For the purpose of this
section, short-term obligations issued in anticipation of the
sale of general obligation bonds shall not be considered to be
short-term obligations payable from taxes. [1985 c 332 § 9;
1985c71 §2; 1982c216 §5.]
[Title 39 RCW —page 66]
39.50.050 Short -term obligations —Secur
Short-term obligations issued in anticipation of the receii
taxes or the sale of general obligation' bonds and the intf
thereon shall be secured by the full faith, credit, ta)
power, and resources of the municipal corporation. Sh
term obligations issued in anticipation of the sale of reve
or local improvement district bonds and the interest ther
may be secured in the same manner as the revenue and 1c
improvement district bonds in anticipation of which_
obligations are issued and by an undertaking to issue.
bonds. Short -term obligations issued in anticipation
grants, loans, or other sources of money shall be secured
the manner set forth in the ordinance authorizing their is;
ante. [1982 c 216 § 6.]
39.50.060 Nonvoted general indebtedness.
municipal corporation may incur nonvoted general indebt
ness under this chapter up to an amount which, when a&
to all other authorized and outstanding nonvoted indebt
ness of the municipal corporation, is equal to the maxim,
amount of indebtedness the municipal corporation is oth
wise permitted to incur without a vote of the electors. [19
c216 §7.]
39.50.070 Funds for payment of principal
interest. For the purpose of providing funds for the
ment of principal of and interest on short-term obligat
the governing body may authorize the creation of a sp
fund or funds and provide for the payment from author
sources to such funds of amounts sufficient to meet prin
and interest requirements. [1982 c 216 § 8.]
39.50.900 Chapter cumulative — Applicability to
joint operating agencies. The authority granted by this
chapter shall be in addition and supplemental to any authori-
ty previously granted and shall not limit any other powers or
authority previously granted to any municipal corporation.
The authority granted by this chapter to public utility
districts organized under Title 54 RCW shall not extend to
joint operating agencies organized under chapter 43.52
RCW. [1982 c 216 § 9.]
Chapter 39.52
FUNDING INDEBTEDNESS IN COUNTIES,
CITIES AND TOWNS ..
Sections
39.52.010
Issuance of funding bonds authorized.
39.52.015
Validation of prior bond issues.
39.52.020
Limitations on issuance of bonds.
39.52.035
Tax levy — purpose.
39.52.050
"Corporate authorities" defined
Cities and towns, ratification and funding of indebtedness: Chapter 35.40
RCW.
Metropolitan municipal corporations, funding and refunding bonds: RCW
35.58.470.
Port districts, funding and refunding indebtedness: Chapter 53.44 RCW.
Public utility districts, funding and refunding bonds: RCW 54.24.090.
School districts, refunding bonds• R('W 28A S ?n nen
Adopted by Reference
Ordinance #3 a on
iClerk _ _ Q (2002 Ed.)
Cty
Page 1 of 1
RCW 82.41.010
Purpose.
It is the purpose of this chapter to simplify the confusing, unnecessarily duplicative, and burdensome
motor fuel use tax licensing, reporting, and remittance requirements imposed on motor carriers involved
in interstate commerce by authorizing the state of Washington to participate in a multistate motor fuel
tax agreement for the administration, collection, and enforcement of those states' motor fuel use taxes.
[1982 c 161 § 1.]
Adopted by Refe ence
Ordinance # _ on /0-2Q)-
City Clerk
http: // search. mrsc. org /me /rcw /RCW %20 %2082 %20 %20TITLE /RCW %20 %2082 %20. %... 11/13/2002
Affidavit of Publication
STATE OF WASHINGTON, ( S.S.
COUNTY OF SNOHOMISH
SUMMARY OF ORDINAN ENO. 3424
o the ity of Edmonds. Washington Oc'obe
00
the Cty of9Edmonds passed Od
?nanceCNOC34241 A
summery of the content of said ordinance. consisting of
the titlWrovides as follews:
The undersigned, being first duly swom on oath deposes and says that she is
AN ORDINANCE of -the City of Edmonds.
Washington.- relating to contracting indebtedness;
authorizing the issuance of limited tax general
Principal Clerk of THE HERALD, a daily newspaper printed and published
obligation bonds for general City purposes:
authorizing the issuance of a Limited Tax General
Obligation Bond Anticipation Note. 2002, in the
in the City of Everett, County of Snohomish, and State of Washington; that
aggregate principal amount of not to exceed
53,240,000 to costs
pay of acquiring property for an
ans center to be owned by the City of the Edmonds
Public Facilities District,
said newspaper is a newspaper of general circulation in said County and
pending the issuance of
roteinterest prate,dform!omaturity aa date,
terms d covenants
the
the
that said newspaper has been approved as a legal newspaper by order
note; creating a note redemption fund: and
providing for the delivery of that note to Church
Development Fund.
Inc.. a California nonprofit
corporation.
of the Superior Court of Snohomish County and that the notice
The full text of this ordinance will be mailed upon
request.
DATED
this 30th da of October. 2002.
CIy
Ty CLERK, SANDRA S. CHASE
City of Edmonds
Published: November 3. 2002.
'
Summary of Ordinance No. 3424
a printed copy of which is hereunto attached, was published in said newspaper
proper and not in supplement form, in the regular and entire edition of said
paper on the following days and times, namely:
November 3, 2002
and that said newspaper was regularly distributed to its subscribers during
all of said period. \l
Subscribed and sworn to before me this 4th
day of November, 2002
Notary Public in and f the S to 61
Everett, Snohomish C unty
RECEIVED
NOV n "8 2002
EDMONDS CITY CLERK
Principal Clerk
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