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Ordinance 4162ORDINANCE NO. 4162 AN ORDINANCE OF THE CITY OF EDMONDS, WASHINGTON, AUTHORIZING THE EXECUTION AND DELIVERY OF ADDENDUM NO. 2 TO INTERLOCAL AGREEMENT FOR DEVELOPMENT OF THE EDMONDS CENTRE FOR THE ARTS; AUTHORIZING CERTAIN OTHER ACTIONS IN CONNECTION THEREWITH; AND FIXING A TIME WHEN THE SAME SHALL BE EFFECTIVE THE CITY COUNCIL OF THE CITY OF EDMONDS DOES ORDAIN AS FOLLOWS: Section 1. Findings and Determinations. The City Council makes the following findings and determinations: 1.1 The City of Edmonds (the "City"), the Snohomish County Public Facilities District (the "County PFD"), Snohomish County (the "County"), and the Edmonds Public Facilities District (together with the City, the County PFD, and the County, the "Parties") entered into an Interlocal Agreement dated November 4, 2002, recorded with the Auditor of the County under recording number 200211060003 (the "Interlocal Agreement"), to provide for the development of a Regional Center as defined in RCW 35.57.020 known as the "Edmonds Centre for the Arts" (the "Regional Center"). 1.2 In 2005, the Parties entered into the First Amendment To Interlocal Agreement For Development of the Edmonds Centre For The Arts to extend the required operational date to March 31, 2007. 1.3 The County PFD, under the authority of RCW 82.14.390, has imposed a sales and use tax (the "Sales and Use Tax"), a portion of which the County PFD has allocated and agreed to contribute through intergovernmental project payments to the payment of debt service on the bonds issued to finance the Regional Center in accordance with and subject to the terms and conditions of the Interlocal Agreement, including without limitation, in accordance with the schedule contained in Exhibit `B-l" of the Interlocal Agreement, which payments extend to December 2026 (the "Tier 1 Allocation"). 1.4 The County PFD entered into similar interlocal agreements to provide funding for three other regional centers, which were recorded with the Auditor of the County under recording numbers 20021160349, 200212260514, and 200312260486, pursuant to which the County PFD allocated and committed contributions from the Sales and Use Tax for the payment of debt service on the respective bonds issued to finance the development thereof (when added to the Tier 1 Allocation, the "Aggregate Tier 1 Allocations"), which Aggregate Tier 1 Allocations are in a fixed amount allocated prior to the date of this ordinance. 1.5 On March 2, 2009, the Parties amended the Interlocal Agreement through Addendum No. I to provide for additional allocation of the Sales and Use Tax that exceeded the Aggregate Tier 1 Allocations and created Aggregate Tier 2 Allocations to the four regional centers. 1.6 Pursuant to Chapter 164, Laws of 2017, the Legislature extended the time period for the Sales and Use Taxes imposed under RCW 82.14.390 from a maximum 25-year term to a maximum 40-year term. 1.7 On July 19, 2018, the Board of Directors of the County PFD determined that the Aggregate Tier 2 Allocations, as previously allocated, should be extended through the additional funding years of 2026 through 2041, subject to applicable terms, and the Board of Directors approved a revised allocation of the Sales and Use Tax revenue to reflect the 40-year full term of the Sales and Use Taxes including the extended period authorized in the 2017 legislation, which such Board action was incorporated into a Board Resolution on October 25, 2018. 1.8 The Parties desire to amend the Interlocal Agreement to provide for the extension of the time period for the Tier 2 Allocations and specify the certain terms that the Board directed as part of the extension of Tier 2 Allocations. Section 2. Anl2roval of Addendum No. 2. The form of Addendum No. 2 to Interlocal Agreement for Development of the Edmonds Centre for the Arts attached as Exhibit A and incorporated by this reference ("Addendum No. 2") is approved, and the Mayor is authorized and directed to execute and deliver Addendum No. 2 on the City's behalf. Section 3. Authorization and Ratification. The Administrative Services Director, the Mayor, and the other appropriate officers of the City are authorized and directed to take any actions and to execute such documents as in their judgment may be necessary or desirable to carry out the terms of, and complete the transactions contemplated in connection with, this ordinance and the Interlocal Agreement, as amended by the First Amendment thereto, Addendum No 1 thereto, and Addendum No. 2. All actions previously taken in furtherance of and not inconsistent with the provisions of this ordinance are hereby ratified and confirmed in all respects. Section 4. Effective Date. This ordinance shall take effect and be in full force from and after its passage and five days following its publication as required by law. PASSED by the City Council at a regular open public meeting thereof this 12TH day of November, 2019. ATTEST/AUTHENTICATED : �Z CLERIC, SCO" ' ASSEY 2 APPROVED AS TO FORM: R-sft-, c k" &OW.,2_4 OFFICE OF 'Ti-i E CITY ATT RNEY FILED WITH THE CITY CLERK: PASSED BY THE CITY COUNCIL PUBLISHED: EFFECTIVE DATE: ORDINANCE NO.: November 8, 2019 November 12, 2019 November 15, 2019 November 20, 2019 4162 3 SUMMARY OF ORDINANCE NO. 4162 of the City of Edmonds, Washington On the 121h day of November, 2019, the City Council of the City of Edmonds, passed Ordinance No. 4162. A summary of the content of said ordinance, consisting of the title, provides as follows: AN ORDINANCE OF THE CITY OF EDMONDS, WASHINGTON, AUTHORIZING THE EXECUTION AND DELIVERY OF ADDENDUM NO. 2 TO INTERLOCAL AGREEMENT FOR DEVELOPMENT OF THE EDMONDS CENTRE FOR THE ARTS; AUTHORIZING CERTAIN OTHER ACTIONS IN CONNECTION THEREWITH; AND FIXING A TIME WHEN THE SAME SHALL BE EFFECTIVE. The full text of this Ordinance will be mailed upon request. DATED this 12th day of November, 2019. CI LERK, S OTT P SEY EXHIBIT A Form of Addendum No. 2 Everett Daily Herald Affidavit of Publication State of Washington } County of Snohomish } ss Leanna Hartell being first duly swom, upon oath deposes and says: that he/she is the legal representative of the Everett Daily Herald a daily newspaper. The said newspaper is a legal newspaper by order of the superior court in the county in which it is published and is now and has been for more than six months prior to the date of the first publication of the Notice hereinafter referred to, published in the English language continually as a daily newspaper in Snohomish County, Washington and is and always has been printed in whole or part in the Everett Daily Herald and is of general circulation in said County, and is a legal newspaper, in accordance with the Chapter 99 of the Laws of 1921, as amended by Chapter 213, Laws of 1941, and approved as a legal newspaper by order of the Superior Court of Snohomish County, State of Washington, by order dated June 16, 1941, and that the annexed is a true copy of EDH881189 ORDINANCE NO. 4162 as it was published in the regular and entire issue of said paper and not as a supplement form thereof for a period of 1 issue(s), such publication commencing on 11/15/2019 and ending on 11/15/2019 and that said newspaper was regularly distributed to its subscribers during all of said period. The amount of the fee for suc R. " $28.96. Subscribed and swaryr be me on this �T� day of [ Linda Pmuipss Notary Pu6Nc Swe of Vfthingltln 1'APPfthrtertt Eyires ang 2m, Notary Public in and for the State of Washington. City or Edmonds- LEGALADS 114101416 SCOTT PASSEY Classified Proof SUMMARY OF ORDINANCE NO.4162 of InE Clty of Edrlwn , Washington On the %2Ih day of HMrembnf. 2f119, the Ciy COuftClt Of IM Cltry el Ebmoncl% passed Ordinanco No- 4162 A 9Umosmy CI ttla on am of said ordlnarim conslsanp of 11r8 title. proWtleS as loWlhvas AN ORDINANCE OF THE CiTV pF IMMNOS, WASHINGTON, AUTHORVJNG THE "EC01ON ANI) DELIVERY OF ADDENDUM NO, 2 TO INTERLOCAL AGREEMENT FOR DEVELOPMENTOF THE EDMONDS CENTRE FOR THE ARTS: AUTHORIZING CERTAIN OTHER ACTIONS IN CONNECTION THEREWITH; AND MING A nME WHEN THE SAME SHALL BE EFFECTIVE The full text of this Ordinance will be mailed upon request. DATED this 12th day of November, 2019. CrTY CLERK, SCOTT PASSEY Published: November 18', 2019. EDHI 81189 Proofed by Hartell, Leanna, 11/15/2019 09:10:42 am Page: 2