Ordinance 3077CITY OF EDMONDS, WASHINGTON
ORDINANCE NO. 3077
AN ORDINANCE of the City of Edmonds, Washington,
providing for the submission to the voters of the City at
a special election to be held therein on May 21, 1996, by
mail ballot, of a proposition authorizing the City to
incur indebtedness by issuing its general obligation
bonds in a par amount not to exceed $9,275,000, payable
by annual property tax levies to be made in excess of
regular property tax levies, for the purpose of paying
the costs to construct Public Safety Facilities including
a Police Department and Municipal Court Building at Fifth
Avenue and Bell Street; and Fire Station 7 at Fifth
Avenue and Edmonds Street; and replace Five Corners Fire
Station 6, and to levy those excess property taxes.
WHEREAS, public safety facilities in the City of Edmonds,
Washington, (the "City") are inadequate for the needs of the
public, costly and inefficient to use and unsafe for public safety
personnel; and
WHEREAS, the City Council wishes to provide efficient and
reliable public safety services in safe facilities; and
WHEREAS, the City Council has received reports and
recommendations, and heard and considered the views of members of
staff, consultants and the public presented at a, hearing on
March 19, 1996; and
WHEREAS, the City is in urgent need of constructing Public
Safety Facilities including a Police Department and Municipal Court
Building at Fifth Avenue and Bell Street and Fire Station 7 at
Fifth Avenue and Edmonds Street, and replace the Five Corners Fire
Station 6, and the City does not have sufficient funds available
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for that purpose to meet the estimated cost of those improvements;
NOW, THEREFORE,
THE CITY COUNCIL OF THE CITY OF EDMONDS, WASHINGTON, DO ORDAIN
as follows:
Section 1. The City shall construct Public Safety Facilities,
including a Police Department and Municipal Court Building at Fifth
Avenue and Bell Street and Fire Station 7 at Fifth Avenue and
Edmonds Street, and also replace the Five Corners Fire Station 6
(the "Project "). The estimated cost of the Project, including the
costs of issuing and selling the bonds authorized by this
ordinance, is declared to be, as nearly as may be, $9,275,000. The
economic life of the improvements comprising the Project is
expected to be at least 20Z years, being the maximum term of the
bonds. After due consideration and being fully informed, the City
Council finds and declares that the Project will promote efficient
and reliable public safety services for the residents of the City.
Section 2. The City shall borrow not to exceed $9,275,000 on
the credit of the City and issue and sell its general obligation
bonds in that principal amount for strictly municipal capital
purposes, to provide the funds for the Project. Costs of
engineering, planning, financial, legal and other services lawfully
incurred incident to the Project shall be appropriate capital costs
to be paid from the proceeds of the bonds authorized by this
ordinance.
Section 3. The bonds shall be issued as a single issue, as a
part of a combined issue with other authorized bonds, or in more
than one series. The bonds shall be fully registered; shall bear
0228262.05 -2-
interest payable as permitted by law; shall mature within 20h years
from their date or within any shorter period fixed by the City
Council; shall be paid by annual property tax levies sufficient in
amount to pay both principal and interest when due, which annual
property tax levies shall be made in excess of regular property tax
levies without limitation as to rate or amount but only in amounts
sufficient to pay both principal and interest when due; and shall
be issued and sold in the manner, at the times and in the amounts
as shall be required for the Project. The exact date, form, terms,
option of prior redemption, price, interest rate or rates and
maturities of the bonds shall be fixed hereafter by ordinance of
the City Council. Pending the issuance of the bonds and receipt of
their proceeds, the City Council may authorize the issuance of
short -term obligations pursuant to Chapter 39.50 RCW, and the costs
of those short -term obligations shall be included in the cost of
the Project for which the bonds are issued.
The City Council declares that to the extent, if any, the City
prior to the date bonds or other short -term obligations are issued
to finance the Project shall make capital expenditures for the
Project from funds that are not (and are not reasonably expected to
be) reserved, allocated on a long -term basis or otherwise set aside
by the City under its existing and reasonably foreseeable budgetary
and financial circumstances to finance the Project, those capital
expenditures are intended to be reimbursed out of proceeds of the
bonds or other short -term obligations issued in an amount not to
exceed the principal amount provided by this ordinance.
0228262.05 -3-
Section 4. The City Council finds that an emergency exists
which requires making the improvements comprising the Project, and
the Auditor of Snohomish County, Washington, as ex officio
Supervisor of Elections, is requested to concur in that finding and
to call and conduct a special election to be held in the City on
May 21, 1996, by mail ballot pursuant to RCW 29.36.120 et seq., 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 $9,275,000, issue its general obligation bonds in
that principal amount for capital purposes only, and levy excess
taxes necessary to redeem the bonds as herein set forth.
Section 5. The City Clerk is directed to certify to the
Auditor of Snohomish County, Washington, as ex officio Supervisor
of Elections, at least 45 days prior to the May 21, 1996, 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 - $9,275,000
Shall the City of Edmonds, Washington, borrow not to
exceed $9,275,000 to construct Public Safety Facilities,
including a Police Department and Municipal Court
Building at Fifth Avenue and Bell Street, Fire Station 7
at Fifth Avenue and Edmonds Street, and replace Five
Corners Fire Station 6, by selling general obligation
bonds therefor maturing within 20Z years and levy annual
excess property taxes necessary to pay and retire the
bonds, as provided in Ordinance No. 3077 ?
BONDS . . YES ❑ BONDS . . NO ❑
0228262.05 -4-
PASSED by the City Council and APPROVED by the Mayor of the
City of Edmonds, Washington, at a special open public meeting of
which notice was given as required by law this 25th day of March,
1996.
c
Mayor
ATTEST:
MR-I-' RW-09 'Mw��
City Clerk''
APPROVED,/AS T-O/FORM:
Bond CouAf;el
Filed with the City Clerk: 03/21/96
Passed by the City Council: 03/25/96
Published: 03/29/96
Effective Date: 04/03/96
Ordinance No.: 3077
0228262.05 -5-
AN
rec
STATE OF WASHINGTON, ss
COUNTY Or SNOHOMISH,
-
:ial electron to be held therein on May 1, i.
indebtedness Pbypssuing its general obligation
in a par amount not to exceed S9,275,009.
le by annual property tax levies to be made in
s of regular property tax levies, for the uTose
ring the costs to construct Public Safety Facilities
ing a Police Department and Municipal Court
ngs at Fifth Avenue and Bell Street, and Fire
at
;e Five Corn Edmonds t
e s F re Sttation 6. andto levy those .
is pproperty taxes. -
AS Rpublic.safely facilities in the City of Edmonds,
Dn, stly (and inot -0114-1 cient to use andtunsafe for public safety
I; and
:AS, the City Council wishes to provide efficient and i
Alic safety services in safe facilities; and
:AS, the City Council has received reports and
ndations, and heard and considered the views of
of staff, consultants and the public presented at a
n March 19, 1996; and
?AS, the City is in ur ent need of constructing Public .
icililies including a l�ofice Oepartment and Municipal
Iding at Fifth Avenue and Bell Street and Fire Station 7
Avenue and Edmonds Street, and replace the Five ent
Flable forothat purpose toimeet /he estimateducost of ,
irovemenls•
THEREF011E, THE CITY COUNCIL OF THE CITY OF
is WASHINGTON, 00 ORDAIN as lollows:
The City shall construct Public Safety Facilities.
a Police Department and Municipal Court Building at
nue and Bell Street and Fire Station 7 at Fifth Avenue
!)rids Street,. and also repplace the Five Corners Fire
�thehcosts of issuing ngeandtselling thesbondshauthorized
>rdinance, is declared to be, as nearly as may be;
00. The economic life of the impprovements comprising
ict is expected to be at least 2D 1/2 years, being the
iterm of the bonds. Afler due consideration and being
umed, the City Council finds and declares that the
till ppromote efficient and reliable public safety services
tsidants of the City.
EL The City shall borrow not to exceed $9,275,000 on
it of the City and issue and sell its general obligation
i that principal amount for strictly municipal capital
to provide the funds for the Project. Costs of
ing, planning, financial, legal and other services
incurred incident to the Project shall be appropriate
costs to be paid from the proceeds of -the bonds
ad by this ordinance.
R The bonds shall be issued as a single issue, as a
a combined issue with other authorized bonds, or in
in one series. The bonds shall be fully registered: shall
erest payable as permitted by law; sti all mature a)ilhin shorter
tyrCofuncil their shallll be Faid within annual p opertyetaxdlevies
it in amount to pay both principal and interestt when due,
nnual property tax levies shall be made in excess of
property tax levies without limitation as to rate or
but only in amounts sufficient to pay both principal and
when due; and shall be issued and sold in the manner,
imes and in the amounts as shall be required by the
The exact date. form, terms. optionof prior
lion, price, interest rate or rates and maturities of the
hall be fixed hereafter by ordinance of the City Council.
the issuance of the bonds and receipt of them
s that fo the extent, if any, the City
or other short -term obligations -are
ject'shall make capital expenditures
that are not (and are not reasonably
allocated on a long -term basis or
the City under its existing and
idgetary and financial circumstances
se capptal expenditures are intended
ioceeds of the bonds or other short.
an amount not to exceed the principal
dinance.
uncil finds that an eniergencV e>ists
tprovements comprising the Pro ect,
h Cnuniv. W ashinaton, as ex oflicic
JUPGv,av, .v . .. ..........._. __
cial election to be e m e y
and to call and conduct a spe
on May 21, 1996, by mail ballot pursuant to RCW 29.36.120 et .
seq., for the -purpose of submitting to the qualified electors of
[he City for their approval the question of whether or not'the
City shall borrow not to exceed 59.275,000, issue its general
obligation bonds in that principal amount for capital purposes
only, and levy excess taxes necessary to redeem the, bonds as
hetein set forth.
jpp The ,City Clerk is directed to certify to the Auditor
of $Snohomish Countyy Washington, as ex officio Supervisor of
Elections at least 45� days prior to the Ma '21, 1996. special
election date a copy of this ordinance and IXe proposition to be
submitted at that special election in the form ofa ballot title as .
follows. PROPOSITION
PUBLIC SAFETY BONDS . $9,275,000
Shall the City o! Edmonds, Washington, borrow not to exceed
$9,275:000 to construct Public Safety Facilities, including a
Police Departmentand Municipal Court Budding at Fifth Avenue
and Bell Street, Fire Station 7. at Filth Avenue and Edmonds
Street, and replace Five Corners Fire Station 6, by selling
general obligation bonds therefor maturing within 20 1/2 years
and levy annual excess property taxes necessar to pay and,
I retire the bonds, as provided in Ordinance No. 3077
BONDS. YES D BONDS-:. NO.O
PASSED by the City Council and APPROVED by the Mayor of
i the City of Edmonds, Washington, at a special open public
meeting of which notice was given as required by law this 25th
day of March, 1996. BARBARA S. FAHEY, Mayor
I ATTEST: SANDRA S. CHASE, City Clerk
? APPROVED AS TO FORM:. Lee Voorhees. Bond Counsel
Filed with the City Clerk: March 21, 1996
t Passed bYthe City Council: March 25', 1996 1
Effective Oate: April 4, 1996
i Ordinance No.: 3077
Affidavit of Publication
APR - 1 1996
EDMONDS CITY CLERK
The undersigned, being first duly sworn on oath deposes and says
that she is Principal Clerk of THE HERALD, a daily newspaper
printed and published in the City of Everett, County of Snohomish,
and State of Washington; that said newspaper is a newspaper of
general circulation in said County and State; that said newspaper
has been approved as a legal newspaper by order of the Superior
Court of Snohomish County and that the notice ......... ...............................
City Edmonds . ........... .............. . . . . .. .........
Ordinance No. 3077
°.. • .............................
..............................
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:
March 29, 1996
.............. ....... >. .......................... y
and t}� ai newspaper was regularl di tributed its subscribers
during f said period.
............
Principal Clerk
Subscribed and sworn to before me this ...........29th .................
day o March -- -- ---- -- -- -------- ----- --- 19...96.
. ........
........ I ......................
Notary Public in and fort e S ate of Washington,
residing at Everett, Snoh County.
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