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CITY OF RENTON, WASHINGTON
ORDINANCE NO, 3655
AN ORDINANCE AUTHORIZING THE ISSUANCE AND SALE
OF INTEREST BEARING REVENUE WARRANTS TO RE
DRAWN ON THE "LOCAL IMPROVEMENT FUND DISTRICT
NO, 314" TO PROVIDE rUNDS FOR THE iNTCRIM
FINANCING OF CONSTRUCTION OF CERTAIN IMPROVE-
MENTS TO BE ACQUIRED IN LOCAL IMPROVEMENT
DISTRICT NO. 314
WHEREAS by Ordinance No 3396 adopted January 21 . 1980,
the City Council ordered the construction and installation of
sanitary sewers , water main, fire hydrants, curbs , gutters, sidewalk
street lightinr. and all necessary appurtenances thereto in the
vicinity of East. Valley Righwav and S,W 16th Street from SR 167
ramp northerly and westerly to Lind Avenue S,W. , and established the
"Local Improvement Fund, District No. 314',' all in accordance with
Resolution No 72b, ..dopted by the City Council on July 2, 1979.
as amended by Resolution No 2299 dated September 24, 1979 creating
Local Improvement District No 314 , and
WHEREAS Peoples National Bank of Washinpton, Renton.
Washington, has agreed to purchase revenuo warrants to be drawn
on such fund bearing variable int,•rest tale based ur n 70 6% of the
bank's prime rate adjusted every ninety days with interest paid
quarterly, now therefore
THE. CITY COUNCIL OF THE CITY OF RUNTON, WASHINGTON. DO
ORDAIN AS FOLLOWS.
SECTION I The City hereby accepta the offer of peoples
National Bank of Renton and the City Finance Director is herehv
authori:•ed and directed to issue rt?venue warrants for interim
financing of the improvements to be constructed and installed in
Local Improvement District No 314, which warrants it, the principal
amount of not to exceed $4,886.538. 56 are to be drawn an the "Local
Improvement Fund, District No 11'4", bearing variable interest rate
based upon 70.6% of the bank's prima rate adjusted every ninety days
with interest ;aid quarterly and delivered from time to time upon
-1.
payment therefor, to Peoples Rank, Renton, Washington
SECTION II : This Ordinance shalt be effective upon its
passage, approval and five days after publication
PASSED BY THE CITY COUNCIL this 23rd day of August. 1982.
axMinne Motor; Acting City Zi`or?t'
APPROVED BY THE MAYOR this 23rdday of August , 1982,
L
Earl CI'ynter Mayor Pro-tem
Approved as t ) formri- .
vrencca�ifrn`, Ciiy]C[torney
Date of Publication: August 77, 1982
CITY OF RENTON, WASHINGTON
ORDINANCE No. 3588
AN ORDINANCE AL"IHORIZING THE ISSUANCE AND SALE OF
INTEREST BEARING REVENUE WARRANTS TO BE DRAWN ON
THE "LOCAL IN' ROVEMENT FUND, DISTRICT NO, 314"
To PROVIDE FUMS FOR THE INTERIM FINANCING OF
CONSTRUCTION OF CERTAIN IMPROVEMENTS TO BE
ACQUIRED IN LOCAL IMPROVEMENT DISTRICT NO. 314
WHEREAS by Ordinance No. 3396 adopted January 21, 1960,
the Citv Council ordered the construction and installation of
sanitary sewers , water main, fire hydrants, curbs, gutters, side-
walks, street lighting and all neceasary appurtenances thereto
in the vicinity of East Valley Highwav and S.W. 16th St from
SR 167 ramp northerly and westerly to Lind Avenue S.W. , and
established the "Local Improvement Fund, District No. 314, all in
accordance with Resolution No. 2283 adopted by the City Council on
July 2, 1979. as amended by Resolution No. 2299 dated Seotember
24, 1979 creating Local Improvement District No. 314:
WHEREAS Peoples tiationai Bank of Washington
has agreed to nurchase revenue warrants to be drawn on such fund
bearing interest at sixty two percent (62 ) of Peoples' prime rate
with variable rate adjustment every 90 days .
THE CITY COUNCIL OF THE CITY OF RENTON, WASHINGTON. DO
ORDAIN AS FOLLOWS:
SECTION I: The Citv hereby accepts the offer of
Peoples National Bank of Washington and the City Finance
Director is herebv authorized and directe� to issue revenue warrants
for interim financing of the improvements to be constructions and
inacalled in Local Improvement District No. 314. which warrants in
the principal amount of not to exceed $750.000.00 art to be drawn
on the "Local Improvement Fund, District No. 314", burin interest
at sixty two percent (62 ) of Peoples' prime rate with variablt
rate adjustment every 90 days.
PASSED BY THE CITY OF COINCIL thie 7th day of December,
1981
6*LOr�i Bd, v eil
APPROVED BY ThE MAYOR this 7tthh^`hdd-av �of December,
1961
�Sa�6ara Y''cS�i�n}�c5lavor_
Approved as to form:
' ......-.a,..,. ,'_ ice_
faHrin ClT"'Wa'?4en, M[Y ttornev
Date of Publication: December 11 . 19d1
THE CITY OF RENTON, WASHINGTON
RESOLUTION NO.
A RESOLUTION of the City Council of the City of Rei�ton,�
Washington, expressing satiafactioo with provision for
sufficient •upplemsnGl funds or ciadit for the benefit
If Local "rowment Di atrict No. 314 pursuant to Section
V III of Ordinance No. 3396, and authorizing and directing
the swecution by the city of agreements providing for such
supplemental funds or credit.
WHEREAS, by Ordinance No. 3396 (the 'Ordinance") the City
nag creatrd and esta9lished Local Improvement District No 314
pursuant to chapter 35-43, Revised Code of Washing.onr and
WHEREAS, Section Vill Of tt.e Crdina:rce provides in par ,.
ttllowsr
" INIO Call for bids shall be issued unless and weal
there in, to the Lela satisfaction of the City Council
fexpreeeed by A resolution Pegged by a majority thereon ,
Provision for sufficient supplemental funds or credit for
the benefit of the (local improvement) District INn, 314
of the Cityl to ensure the marketability of the warrants
authorised and bonds orOvided for by Section v hereof"r and
WHI;RLAS, agreements satisfactory in form to the City Council
and its bond cvunsOl executed by BrOadacres, Inc. , Glacier Park
Coml+any, and Matto Industrial District, Incorporated, and by
Seatc10-Northwe8t Securities Corporation, have been tendered to
the City to provide for cuff iciunt supplemental funds or credit
for the benefit of Local Improvement District No. 314 of the City
to enauie the marketability of the warrants aut.'rorized and bonds
provided fur by Section V of the Ordinance. NOW, THEREFORE,
BE IT RESOLVED BY THE CITY CVUNCIL OF THE CITY OF RENTON,
WASHINGTON, as follows:
Section 1. The Ca-; Council of the City hereby expresses
its aatistacticn that proviaion f(>r sufficient supplemental funds
or credit for the benefit o' Local Improvement District No. 314
o! the City to ensure the marketability of cite. warrants authOriaod
and bonds provided for by Section v at the Ordinance in the form
of avreements tendursd to the City by Broadacres, Inc. , Glaeior
Park Company, and Metro Industrial District, Incorporated, which
agreements have also been executed by Seattle-Northwest Securities
Corporation as underwriter pursuant to those agreements.
Section 2. The Mayor and City Clerk of the City are hereby
authorised and directed to execute and deliver on behalf of the
city the agreements referred to in Section 1, above, each in
three nouaterparts, and to date the agreements the date of such
execatio .. the City sh%ll retain one courtsrpar . -t each agrwe-
nsnt, a other counterpart of each agreement shall be furnished
to Seattle-Northweat Securities Corporation, and the last counter-
part shall be delivered to the third signer of the respective
agreements. The City Clerk is further directed to furnish a
certified copy of each executed agreement together with a certified
copy of this resolution to Roberts, Shefelman, Lawrence, Gay G ;loch,
bond counsel to the City.
ADOPTED BY THE CITY COUNCIL this thirteenth day of October,
1980,
BnE �..y t�' yc� aT
APPROVED the Mayor this 17th day of October, 1960.
lma HA . �r
Approved as to form,
Q rti
City Attorney
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t, DELORES A. MEAD, City Clerk of the City of Rrnton,
Washington, hereby certify that the attached copy of Rosolution
No. 236' is a true and correct copy of the original resolution
adopted on the 13th day of October, 1980, as that resolution
appears on the Minute Bonk of the City.
DATED this day of pdfo JDy 1980.
[L t.OR£S A. MEAD, i`ty Clcrl.
l:Ait UBa-BU
AGREGNF.NT
1. Parties:
A. City of Renton (the "City") , a Code city and municipal
corporation of the State of Washington, whose address for
purposes hereof is Municipal Building, 200 Mill Avenue
;�ootn, R,anLon, Washington 9a0SS1
B. Glacier Park Company . "h its nA 1• ient
"Glacier"), a MI it.tsr 4 cor ..stton, +hr ,> ad, .as . to .
purposes hereof is 146 r.asr ,',fen Strae' , St.
Minnesota S51011
C. Seattle-Northwest Securities Corporation (with its muccos-
sorL and assigns "Seattle-Narthwest") , a Washington corpo-
ration, whose address for pucpo6es hereof is loco Logan
Building, Fifth and Union, Seattle, Washington 981041
2. Definitions:
A. "Bondy" means the local improvement )istri�t bonds pro-
vided for in Section V of the Ordinance
B. "Bond Fund" means the "Local Improvement Fund, District
No. 314" created and established in the office of the
City Finance Director by Section VII or the Ordinance.
C. "District" means the City of Renton Local Improvement
District No. 314.
D. "Improvements" means those improvements ordered to be
inctalled and constructed by Section I of the Ordinance,
details of which may be modified to the extent that, as
provided in Section I of the Ordinance, the City Council
of the City may in its jQegment deem advisabl - covidrd
such modifications do not substantially alter the plan
of such improvements.
B. "Letter of Credit" means each letter of credit issued and
to be issued pursuant to Section 4A of this agreement, and
otherwise in form satisfactory to counsel to the City.
F. "'Ordinance" means .0rdinance No. 3396 of the city passed
and approved January le 1980.
G. "Percentage" means twice the net effective (to the City)
interest rate to be borne by the Bonds as determined by
the offer by Seattle-Northwest Pursuant to Section 4.B.
hereof.
3. Factst
A. 'The City, by the Ordinance, has cteated and established
t)e District pursuant to chapter 35,43, Revised -ode of
Washington, Section VIII Of the Ordinance provides in
part as followal
"INlo call for Wria shall he ►snuod unloss until thore is, to tho *.ole ^atirrarti„n or and
City Council (express tau
n ed by a rsoluticn passed by a
majority thereof), provision for su.ricient supple-
mental funds or credit for the bon^fit of tho
I Local .Improvement) UiLtt'i Ct (Nu. 314 to insure the marketability of of the Cil}'1
the warrants author-
ised and bonds provided for by Section V hereof. "
B. The purpose of this agreement is to provide the assurance
required by the City by reason of that portion of the
Ordinance quoted in subsection 3A of this agreement,
about , and at the same ti
l,lity of th me provide assurance of market-
ae Bonds, without which assurance Seattle-
Forthwest would be unwilling to agree ra make a bona fide
offer to purchase the Bonds,
fole• Agreements and UndertakinSA; In consideration of the fr,llow-
mubu7 agrooieunts`enc�3' undurrakings, :he parties hereto agree as
A. Issuance Le�trrs o_ f`.�
Glacier shall cause to be issued by a United states
national `yanking association no later than forty (40) days
following confirmation by the City Council of the assess-
ment roll for the District an Irrevocable Letter of Cr• Jit
It, an amount equal to (but which is permi Iran) the Percentage aopli tted to be more
ad to the then unpaid balance ,f
the ess"s"g ,t upon property owned by Glacier for a term
of at least one year but in any, event renewable through
the sixth (6th) anniversary of the date of ti,e Bonds, in
favor of "City of Renton for ^.he account of Local Impro:•e-
ment Fund, District No. 314" as beneficiary which shall
provide that the only documents tc be made shall be a draft of aye_^st which Eap-�ent is
each of which shall be signed by the City Finance Director
following; the City and a certificate,
or his successor , in the certificate certifying any of the
i. There is a d-ilinquency in an assessment thereof for the District or part
upon property owned by
Glacier at the time of such delinque,icy, or
it . There remain twenty (20) or less calendar days
of the remwining. term rf the subject Letter of
Credit Iexc it that .t•,c condition ii. shall
not aoply during or a£ta.- the last twenty (20)
days of the six (6) yeas term specified above] .
In rise event that any Letter of Credit is issued for a
term expiring sooner than that required above, Glacier
shall cause to be renewed or replace such respective
Letter of Credit no later than twenty days prior to the
expiration of their respective Letter of Credit then
outstanding.
Reduction of the amount of arty Letter of Credit shall he
effected only by pro rate rsductiun in the form of a
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replacement Letter of Credit 1'nr a t,arttr,t, of C,cpit
aq<„new wt,fch nu atraft has by then bean prrt:entvd, sp,t
ouch reduction $11411 reduce the rumuiativc aount of thu
outstanding Letter of Cred mit of Glacier to less than
the Pc rccn!.arye of the unpaid ayyt e,latc principal balance
of bistrict assessments upon land within the District
owned by Glacier.
B. P, W`Ct:4pe and Sate of the nand,
Seattle-Northwest covenants and agrees to Present to the
City on or before forty-Live (43) days following conf,rma-
tion by the City Council of the assessment toll for the
District a bona fide offer t0 purchase thv Bond, under
the following Germs and conditions:
i. The purchase price shall be par, plus accrued
interest to the date of delivery,
ii. The Bondn shall be term or serial bonds,
having a last maturity seventeen years from
the dated date.
iii. The Bonds shall be be couunn bonds in the
which
amount of 53,000 eacA, except for fond No. 1
may be a different acnamination, the
total principal amount of which shall be the
maximum lawful amount the City may issue
rider
amount pp ic
Applicable
law, reduced only by such
Opinion of Ry be necessary to assure, in the
6 Mach, oberts, Shefelman, Lawrence, Gay
the exemption of interest on the
Bonds from federa'_ income taxation.
iv. Receipt of an unqualified approving legal
opinion of Robarts, Shefelman, Lawrence, Gay
a Moch with respect to the validity of the
Bonds and that interest in the bonds is
exempt from federal income taxation date
the date of delivery of the Bonds.
v. Receipt of a signature identification and
no-litigation certificate in usual form
executed by the City Clerk and dated the
date of delivery of tt.s Bonds.
vi. That the Letters of Credit requested issued pursuant to this to be agreement are issued,
outstanding, and held by the City.
vff. Passage ay the City of an ordinance authoriz-
ing the issuance of the Bonds in conformity
with law and this agreement, which shall pro-
vide in addition for copies of all s of
ce
Call of the Bonds prior to maturity to noti ce
furnished to Seattle-Northwast contemporane-
ously with publication thereof.
- 3
vifi. The Bonds shall he printed and delivered to
S cuttic-lets tht,:•at , unu :,pnd counsel's opinaun
furnished, all at the City's expense, within
60 days of expiration of the statutory pre-
payment period applicable to the ascernment
roll for the District, but the date of
delivery of the bonds to Seattle-Northweat
may by agreement by end between the City and
Seattle-Northwest ra,ly, extend the date of
delivery an additional 30 days.
ix. The bonds shall beer an interest rate to be
negotiated between the City and Seattle-
Northwest at the expiration of the statutory
prepa_-ment period referred to in viii, above.
A. Such terms and conditions as shall at the
time for making such offer be usual or
appaopriate in the underwriting industry
applicable to the Seattle, Washington area.
xi. The timely issuanc3 of the Letter of Credit.
xii. Such other terms and conditions as Seattle-
Northwest may reasonably require to assure
the marketability of the Bonds.
C. Option of the cif to Accelerate roreclosure
The City shall have the right and option, but under no
circumstances shall the City be bound in law or equity to
exercise such right and option, to acceletate and fet.•cluse a» may now or hereafter be provided ty law, immediately
upon delinquency in payment of any trincipal installment
of any assessment for the District, and interest thereon,
or be soon thereafter as may now or hereafter be permitted
by law, as to which time and the City'
right to exercise
to do so ar
its right to accelerate such foreeluaure without obligation
e of the essence. No exercise of this right or
Option shall, i ' subsequently held to be invalid, act as an election on the part of the City barring it from other-
wise proceeding at law or in equity to foreclose in any
other manner or at any other time or times whatsoever.
5. Notices: Any and all notices, demands, or other communications
between the parties hereto, which shall not include any demand or
presentment under or pursuant to any Letter of Credit, shall be
effective only if in writing and when received at the address of
the addressee at its address first atwve set forth, except that any
Party may by notice so given furnisn notice that a different
address shall thenceforth apply to at for receipt of notice.
6• kafvcr of Subrq at-ions Glacier hereby irrevocably waives any
right of subrogation whatsoe
right the City may now or h ever in or to any legal or equitable
reafter have against any person whose
arising
property Is within the District and subject to its assessments,
any LecNrout of or under any payment made or to be made pursuant to
of Credit. The failure or refusal of the City to
enforce any right against Glacier, or any Letter of Credit, shall
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not bar or enatitute any defense, offset or countoccluim to any
action by the City hereunder, under any Letter of Credit, or under
any power oe outhority the City may now or I,vrbafter have.
7, A;endmen a this aoree� ent may be amended only in writinU err
all parties hereto provided such amendment is fully executed and
delivered prior to issuance of the Bonds. 4'hereafter, the haldtts
of the Bonds shall be deemed to be parties heteto for purposes of
this agreement until expiration of exhaustion by exercise of the
laat Letter of Credit outstarding.
n
BATCO thi.: 14 day of Q7c..tn he_ r , 1900.
CITI OP PkN'PON
ByjcnQe'c�-
Its Mayor a
AlT/TLSSTT: /mil
1. .� C1cy Clu
GLACIER PART: COMPANY
,die Prent
AVI LST:
its 'f�u w+
SEATTLE-NORTHWEST SECURITIES
CORPORATION
By
Its President
And by _.._�.,_i'.^._.�,:,.�..__._._...
Itu Secretary
5
(NATIONAL BANK LETTERHEAD)
City of Renton
M w.lcipal Building Date:
200 Mill Avenue South T--'- -"-"-'--
Renton, Washington 98055 Each draft drawn relative hereto
must be marked; "Drawn Under
Credit Numb,r:
We hereby open in favor of the City of Renton for the account
Of Local Improvement Fund, District No. 314, our irrevocable credit
number for the
not excredin- account of Glacier Park Company f.. r a sum
sight on us si 9atotal of $
gn ed by your F ni once Di available brector or his successor accomr
y
panned by the original of this Letter of Credit end a certificate
s iyned by the Finence Director or his sucecsbor either that:
1• There ib a delinquency In an assessment or part
thereof for the District upon property owned by
Glacier Park Company at the time of such de-
linquency, or
li• There remain twenty (20) or less calendar days
of the remaining tern of the subject Letter of
Credit (except that this condition ii. shall not
dpply during or after the last twenty (20) days
of the six (6) year term specified 'n th:• agree-
ment to which this form is attached) .
We hereby agree to honor I tch draft arawn under and in compli-
ance with the terms of this Credit, if duly presented together with
the document(s) specified at this office on or before
the
Yours very truly,
(Name of Bank)
By
Authorized Signature
This Credit is subject to the "Uniform Customs and Practice for
Documentary Credits (1974 Revision) , International Practic of
Commerce Publication No. `90."
CERTIFICATION
October 14, 1980
STATE OF WASHINGTON)
) ■s.
COUNTY JF KING )
11 DELORES A. b1EAD, duly appointed, qualified and acting
City Clark of and for the City of Renton, King County,
Washington, do hereby certify that the attached copy of
Supplemental unds or Credit Agreement, C.A.G. 058-80,
is a true and correct copy of the original agreement as
it appears on file in the records of the office of the
City Clark in said City and as same wd duly authorized
by Resoly!ion No. 2363 regularly adopted, passed and
approved by the City Council on th 13th day of October,
1980.
IN WITNESS WHEREOF, I hereunto set my hand and the
Official Seal of the City of Renton, Washington this
loth day of January, 1980.
(Seal)
Det Mea ,/ city i; erh
cec us9-ad
AGREEMENT
1. Parties:
A. City of Renton (the "City"), a Code city and municipal
corporation of the State of Washington, whose address for
purposes hereof is Municipal Building, 200 Mill Avenue
South, Renton, Washington 98055;
B. Metro Industrial District, Incorporated (with its succes-
sors and assigns "Metro"), a Washington corporation, a so
known or doing business as "Valley office and Industrial
Park, Inc. ", whose address for purposes hereof is 800 S.
W. 16th Street, Renton, Washington 98055;
C. Seattle-Northwest Securities Corporation (with its succes-
sors and assigns 'Seattle-Northwest") , a Washington corpo-
ration, whose address for purposes hereof is 1000 Logan
Building, Fifth and Union, Seattle, Washington 98104;
2. Definitions:
A. "Bonds" means t);e local improvement district bonds pro-
vided for in Section V of the Ordinance.
B. "Bond Fund" means the "Local Improvement Fund, District
No. 314" seated and established in the office of the
City Finance Director by Section VII of the Ordinance.
C. "District" means the City of Renton Local Improvement
District No. 314.
D. "Improvements" means those improvements ordered to be
installed and constructed by Section I of the Ordinance,
details of which may be modified to the extent that, as
provided in Section I of the ordinance, the City Council
of the City may in its judgment deem advisable provided
such modifications do not substantially alter the plan
of such improvements.
E. "Letter of Credit" means each letter of credit issued and
to be issued pursuant r.o Section 4A of this agreement, and
otherwise in form satisfactory to counsel to the City.
F. "Ordinance" means Ordinance No. 3396 of the City passeu
and approved January 14, 1980,
G. "Percentage" means twice the net effective (to the City)
interest rate to be borne by the Bonds as determined by
the offer by Seattle-Northwest pursuant to Section 4.8.
hereof.
3. Factsr
A. The City, by the Ordinance, has created and established
the District pursuant to chapter 35.43, Revised Code of
Washington. Section V11I of the Ordinance provideV in
part as follower
"(N)o call for bids shall be issued unless and
until there is, to the sole satisfaction of the
City Council (expressed by a resolution passed by a
majority thereof), provision for sufficient supple-
mental funds or credit for the benefit of the
(Local Improvement) District (No. 314 of the City)
to insure the marketability of the warrants author-
ized and bonds provided Cor by Section V hereof. "
B. The purpose of this agreement is to provide the assurance
required by the City by reason of that portion of the
Ordinance quoted in subsection 3A of this agreement,
above, and at the same time provide assurance of market-
ability of the Bonds, without which assurance Seattle-
Northwest would be unwilling to agree to make a bona fide
offer to purchase the Bonds.
4. A roements and Undertaken s: In consideration of the follow-
ing mutua agreements and un ertekings, the parties hereto agree as
follows:
A. Issuance of Letters of Credit
Metro shall cause to be issued by a United States
national banking association no later than forty (40) day:
following confirmation by the City Council of the assess-
ment roll for the District an irrevocable Letter of Credit
in an amount equal to (but which is permitted to be more
than) the Percentage applied to the then unpaid balance of the assessment upon property owned by Metro for a term of.
at least one year but in any event renewable through the
sixth (6th) anniversary of the date of the Bonds, in £evor
of "City of Renton for the account of Local Improvement
Fund, District No. 314" as beneficiary which shall provi..
that the only documents against which payment is to be
made shall be a draft of the City and a certificate, each
of which shall be signed by the City Finance Director or
his successor, in the certificate certifying any of the
following;
i. There ;.s a delinquency in an assessment or part
thereof for the District upon property owned by
Metro at the time of such delinquency, ur
ii. There remain twenty (20) or less calendar days
of the remaining term of the subject Letter of
Credit (except that this condition ii, shall
not apply during or after the last twenty (20)
days of the six (6) year term specified above).
In the event that any Letter of Credit is issued for a
term expiring sooner than that required above, Metro
shall cause to be renewed or replace such respective
Letter of Credit no later than twenty days prior to the
expiration of their respective Letter of Credit then
outstanding.
Reduction of the amount of any Letter of Credit shall be
effected only by pro rate reduction in the form of 4
replacement Letter of Credit for a Letter of Credit
against which no draft has by then been presented, and no
such redaction shall reduce the cumulative aixuunt of U,e
outstanding Letter of Credit of Metro to less than the
Percentage of the unpaid aggregate principal balance of
District assessments upon land within the District owred
by Metro.
B. Purchase and Sale of the bonds
Seattle-Nurthwest covenants and agrees to present to the
City on or before forty-five (45) days following confirma-
tion by the City Council of the assessment roll for the
District a bona fide offer to purchase the Bonds under
the following terms and conditions:
i. The purchase price shall be par, plus accrued
interest to the date of delivery.
ii. The Bonds shall be term or serial bunds,
having a last maturity seventeen years from
the dated date.
iii. The bonds shall be bearer coupon bonds in the
amount of $5,000 each, except for Bond No. 1
which may be a different denomination, the
total principal amount of which shall be the
maximum lawful amount the City may issue
under applicable law, reduced only by such
amount as may be necessary to assure, in the
opinion of Roberts, Shefelman, Lawrence, Gay
6 Moch, the exemption of interest on the
BonJ4 from federal income taxation.
iv. Receipt of an unqualified approving legal
opinion of Roberts, Shefelman, Lawrence, Gay
6 Moch wish respect to the validity of the
Bonds and that interest in the Bonds is
exempt from federal income taxation dated
the date of delivery of the Bonds.
v. Receipt cf a signature identification and
no-litigation certificate in usual form
executed by the City Clerk and dated the
date of delivery of the Bonds.
vi. That the Letters of Credit requested to be
issued pursuant to this agreement are issued,
outstanding, and held by the City.
vii. Passage by the City of an ordinance authoriz-
ing the issuance of the Bonds in conformity
with law and this agreement, which shall pro-
vide in addition for copies of all notices of
call of the Bonds prior to maturity to be
furnished to Seattle-Northwest contemporane-
ously with publication thereof.
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viii. The Bonds shall be printed and delivered to
Seattle-Northwest, and bond counsel's opinion
furnished, all at the City's expense, within
60 days of expiration of the statutory pre-
payment period applicable to the assessment
roll for the District, but the date of
delivery of the Bonds to Seattle-Northwest
may by agreement by and between th , City and
Seattle-Northwest only, extend the date of
delivery an additional 30 days.
ix. The Bonds shall bear an interest rate to be
negotiated between the City and Seattle-
Northwest at the expiration of the statutory
prepayment period referred to in viii, aoove.
x. Such terms and cunditions as shall at the
time for making such offer be usual or
appropriate in the underwriting industry
applicable to the Seattle, Wastington area.
xi. The timely issuance of the Letter of Credit.
xii. Such other terms and conditions as Seattle-
Northwest may reasonably require to assure
the marketability of the Bonds.
C. Option of the City to Accelerate Foreclosure
The City shall have the right and option, but under no
circumstances shall the City be bound in lr.w or equity to
exercise such right and option, to accelerate and foreclose
as may now or hereafter be provided by law, immediately
upon delinquency in payment of any principal installment
of any assessment for the District, and interest thereon,
or as soon thereafter as may now or hereafter be permitted
by law, as to which time and the City's right to exe rise
its right to accelerate such foreclosure without obligation
to do so are of the essence. No exercise of this right or
option shall, if subsequently held to be invalid, act as
an election on the part of the City barring it from other-
wise proceeding at law or in equity to foreclose in any
other manner or at any O^.her time or times whatsoever.
5. Notices: Any and all notices, demands, or other communications
between tom-parties hereto, which shall not include any demand or
presentment under or pursuant to any Letter of Credit, shall be
effective only if in writing and when received at the address Of
the addressee at its address first above set forth, except that any
party may by notice so given furnish notice that a iiifferent
address shall thenceforth apply to it for receipt of notice.
6 Waiver of Sub6O�ationi Metro hereby irrevocably waives any
right o su�rogat or. whatsoever in or to any legal or equitable
right the City may now or hereafter have against any person wnosv
property is within the District and subject to its assessments,
arising out of or under any payment made or to be made pursuant to
any Letter of Credit. The failure or refusal of the City to enforce
any right against Metro, or any better of Credit, shall not bar or
c
constitute any defense, offset or counterclaim to any action by the
City hereunder, under any Letter of Credit, or under any power or
authority the City may no or hereafter have.
7. Amendments: This agreement may be amended only in writing by
all part e— ereto provided such amendment is fully executed and
delivered prior to issuance of the Bonds. Thereafter, the holders
of the Bonds shall he deemed to be parties hereto for purity ses of
this agreement until expiration ut exhaustion by exercise of the
last Letter of Credit outstanding.
GATED this -L��Aday of C C-J-e) ,-- h , 1980.
CITY OF RENTON
BY
ATTEST:
Its City Clerk
METRO INDUSTRIAL DISTRICT,
INCORPORATED
By
its President
And by ( A.,.>_,_� �.
Its Secretary
ATTEST:
L GC its Secrretary ra
eary
SEATTLR^NORTHWEST SECURITIES
CORPORATION �� y
By
Ica rear♦nt
%nd by
Its Secretary
(NATIONAL BANK LETTERNE.ADf
City of Renton Date;
Municipal Building
200 Mill Avenue South Each draft drawn relative hereto
Renton, Washington 98055 must be marked: "Drawn Under
Credit Number:
k'a hereby open in favor of the City of Renton for the account
of Local Improvement Fund, District No. 314, our irrevocable credit
number for the account of Metro Industrial District,
Incorpora'ted,-ro—r a sum not exceeding a total of $able by your draft at sight on us signed b ---- ctOr
or his successor accompanied by the original yofr this aLette r Letter of
Credit and a certificate signed by the Finance Director or
successor either that: his
i• Thete is a delinquency in an dssessmen- or part
thereof for the District upon property owned by
;Metro :ndu8trial District, Incorporated, at the
time of such delinquency, or
ii. 'rhere remain twenty (20) or less calendar days of
the remaining term of the subject Letter of
Credit (except that this condition ii. shall not.
apply durinc or after the last twenty t20) days
Of the six to) year term specified in the agree-
ment to which this form is attached) .
We hereby agree to honor each draft drawn under and in cempli-
ance with the terms of this Credit, if duly presented together with
the document(v) specified at this office on or before
19� —— --'
Yours very truly,
[Name of Bank)
By
Authorized Signature
This Credit is subject to the "Uniform Customs and Practice
Documet,tary Credits (1974 Revision) , for
International Chamber of
Commerce Publication No. 290."
y
l:{C]YC Ib'1CA'f SON
October li, 1980
STATE Oe WASHINGTON)
) sq.
COUNTY OF KING )
I, OELORES A. MEAD, duly appointed, qualified and acting
City Clerk of and for the City of Renton, King County,
Washington, do hereby certify that the attachud copy of
Supplemental Funds or Credit Agreement, C.A.G. 059-80,
is a true and correct copy of ,`.he original agreenent as
it appears on file in the records of the office of the
City Clerk in said City and as same was duly authorized
by Resolution No. 3363 regnlary adopted, passed and
approved by the City Council on the 13th day of October,
1990.
IN WITNESS WHEREOF, I hereunto set my hand and the
Official Seal of the City of Renton, Washington this
loth day of January, 1980.
(Seal)
lle.oi'Qs A. :dead,
CAS ueu-sU
AGREEMENT
1. r>a, rti�s:
City Of
enton
A. Purposes Rhereof (te State of Washin y andmunicipal
corporation of the y.)' a Code
cis
South, Ran,On, Washington P91 auildinon who00 se dddeesfor
B• Brotd 8055; M:11 Avenue
a d Inc. (with
Acres-) 1[H
Fuses � a Washington cot successors and hereof is Poration, Whose assryns "Btoad-
901U1; 653 Skinner Building, vaddress for pur-
C, ttle, Washington
east tend Nossigns Securities Corporatio
B uildin Wration hOas address tfor-Northwest•), a (with its succes-
9, as Purposes ashington coc Z Union, Sea reof is 1000 po-
t and Poses he
D�finit�9: Seattle, Washin Lo
yton 981Uq9an
A. "Bond d Bonds-
ed foredn Ins S athe IncVlOfmthevOrdit ncetrio bonds pro-
ectio
B. Fund-' non
NO
City ans
3F 4nance Director established Improvement
Fund, District
red Ocal C. y Section vII of off- Of the
"District" rrea the the Ordinance.District Nu. 314 CitY Of Rent
Renton Local Improvement
in
D. details
veom�nwhi constructed by mSectionnts urde red to be
de stalled and constructed those
Its
y be
f the
Of
the Provided
C i In ty may tin nits of mohefUrd;n ied t0 t heOextent Ordinance,
s
mod' that,
Ifications do not deem ad v�he City Council
of such improvements, City
sable provided
g, Y alter the Plan
Letter of Credit" means each
to be issued pursuant
otherwise letter of credit
Of
a Dada Hance" means Ordinorm facnd
toryoto 4 counsel l toatheement,issued as nd
F.
ance
C. *Percent City
January 14, 198U.• 3396 of the City passed
Interest age. means twi
the
to be orne
hereofce the net effeciv
fertbyeSeattlebhorthwY the Bondstased(GO the City)
3 -Northwest pursuant to etermined by
Facts, Section 4.B
A, thehungton ct Pursuant tocehahas created and established
Was i ant
Part as Section VI II ofPter 35.43
follower rdin' Revised Code of
once Provides in
"fIJo call For bids shall be issued unless and
until there is, to the sole Batisfactian of the
City Council (expressed by a resolution passed by a
Majority thereof). Provision for suff,cirnt ,:upplc-
mental funds or credit for the benefit of the
(Local Improvement) District (No, 314 of the city)
to insure the marketability of the warrants author-
ized and bonds provided for by Section v hereof. "
B. The purpose of this agreement is to provide the a :
required by the City by reason of that portion o£s theurance
Ordinance quoted in subsection 3A of this agreement,
above, and at the same time provide assurance of market-
ability of the Bonds, without which assurance Seattle-
Northwest would be unwilling to agree to make a bona tide
Offer to Purchase tLe Bonds.
4, reements and Undertakings. In consideration of the follow-
follows: agreements an undertakings, the parties hereto a gree an
A. Izsuance of Letters Wire sit
Broadacres shall cause to be issued by a United States
national banking association no later than torty (40) days
following confirmation by the City Council of the
ment roll for the Di y
in an amount equal strict an irrevocable Letter of aC eOdit
than) the Percts to
(but which is permitted to be more
the assessment u 9 applied to the then unpaid balance of
term of at le as uponeproperty owned by Broadacres for a
through the sixth (6thear but in an event
Bonds, in favor of ) anniversaryyof the date woflthe
Local Improvement Fund, If Renton for the account of
which shall provide that theonly No, 314" as beneficiary
Payment is to be made shell b y documents against which
certificate, each of which shall te,ft of the City and a
Finance Director or his successor, inrined by the City
certifying any of the following; the certificate
I. There is a delinquency in an assessment or part
thereol for the District upon Property owned by
Broadacres at the time of such delinquency, or
ii, There remain twenty (20) or less calendar days
Of the remaining term of the subject Letter of
Credit [except that this condition ii, shall
not apply during or after the last twenty (20)
days of the six (6) year term specified abov, 1 .
In the event that any Letter of Credit is issued for a
term expiring sooner than that required above, Broadacres
shall cause to be renewed or replace such respective
..Otter of Credit no later than twenty dayf ;s ;color to chc
expiration of their respective Letter oi then
outstanding,
Reduction of at the amount of any Letter of Credit shall be
fected only by pro rate reduction in the form of a
2
replacement Letter of Credit for a (.utter of Credit
against which no draft has by then boon presented, and no
such reduction shall reduce ;he cumulative outstanding Letter of Cred amount of the
it of Broadacres to less than
the Percentage of the unpaid aggregate principal balance
Of District assessments upon lane within the Distract
owned by Broadacres.
B. Purchase and d Sale of ti_`.lee Bonds
Seattle-Northwest covenants and 4grees to present to the
City on or before forty-five (45) days following confirma-
tion by the City Council of the assessment roll for the
District a bona fide offer to purchase the Bonds under
the following terms and conditions:
I. The purchase price :hall be par, plus accrued
interest to the date of delivery,
ii. The Bonds shall bt term or serial bands,
having a last maturity seventeen years from
the dated date.
The Bonds shall be bearer coupon bonds in the
amount of $5,000 each, except for Bond No. I
which may be a different denomination, the
total principal amount of which sha11 he the
maxi:rum lawful amount the City may issue
amountaaslmaable law, reduced Only by such
opinion of Roberts['see ssary to assure, In the
Mo ch Shefelman, Lawrence, Gay �.
the exemption of interest on the
Bonds from federal income taxation.
iv. Receipt Ot an unqualified approving legal
opinion of Roberts, Shefelman, Lawrence gay
L Moch with [aspect to the validity of the
Bonds. and that interest in the Bonds is f
exempt from federal In
taxation dated
the data of delivery of the Bonds.
v. Receipt of a signature identification ana
no-litigation certificate in usual form
executed by the City Clerk and dated the
data of de.ivery of the Bonds.
vl. That. the Letters of Credit requested to be
issued pur8sent to this agreement are issued,
Outstanding, and held by the City.
vfi, Passage by the City of an ordinance authorfx-
ing the issuance of the Bonds in conformity
with law and this agreement, which shall pro-
vide in addition for copies of all notices of
call of thu Bonds prior to maturity to be
furnished to Seattle-Northwest contemporane-
ously with publication thereof.
viii. The Bonds shall be printed and delivered to
Seattle-Northwest, end bond counsel's opinion
furnished, all at the City's expenbo, within
60 days of expiration of the statutory pre-
payment period applicable to the assessment
roll for the District, but the date of
delivery of the Bonds to Seattle-Northweat
'lay by agreement by and between the City an9
5,,actla-Northwest only, extend the date of
delivery an additional 30 days.
ix. The Bonds shall bear an intereat rate to be
negotiated between the City and Seattle-
Northwest At the expiration of the statutory
Prepayment period referred to in viii, above.
x. Such terms and conditions as shall at the
time for making such offer be usual or
appropriate in the underwriting industry
applicable to the Seattle, Washington area.
xr. The timely issuance of the Letter of Credit.
Such other terms and conditions as Seattle-
Northwest may reasonably require to assure
the marketability of the Bonds.
C. Option of t. a City to Accelerate Foreclosure
The City shall have the right and option, but under no
circumstances right exercise such right the City be bound in law or equity to
and option, to accelerate and foreclose
as may now or here&f ter be provided by law, immediately
upon delinquency in payment of any principal installment
Of any assessment for the District, and interest thereon,
or as soon thereafter as may now or, hereafter be permitted
by law, as to which time and the City's right to exercise
its right to accelerate such foreclosure without obligation
to do so are of the essence. No exercise of this right or
option shall, if subsequently held to he invalid, act ds
an election on the part of the City barring it
wise proceeding at law or from other-
in equity to foreclose in any
other manner or at any other time or times whatsoever.
3. Notices: Any and all notices, demands, or other Communications
between ihe'part its hereto, which shall not i.:clude any demand or
Presentment under or pursuant to any Letter of Credit, shall be
effective only if in writing and when received at the address of
the addresses at its address first above set forth, except that any
party may by notice so given furnish notice that a different
.address shall thenceforth apply to it for receipt of notice.
6• Waiver of Subrogation: Broadacres hereby irrevocably waives
any rt0ht o--T au6�roq&tiOion whatsoeve-- in or to any legal or equitable
right the City may now or hereafter ,,ave against any person whose
pr ylerty is within the District and subject to ice asaeasments,
anteing out of or under any payment mad to
any Letter of Credit. The failure or refusal of the Citye or to be made pursuant to
enforce any right against Broadacres, or any Letter of Credit,
shall not bar or Constitute any defense, offset or counterclaim to
any action by the City hereunder, under any Letter of. Credit, or
under any power or authority the City may now or hereafter have.
1
7. Amendments: This agreement may be amended only in Writing by
all parties ereto provided such amendment. is fully executed and
delivered prior to issuance of the Bonds. Thereafter, the holders
of the Bonds shall he deemed to be part ins hereto for purposes of
this ug..eement until expiration or exhaustion by exercise of the
last Letter of Credit outstanding.
DATED this 14h day of �F,m be• . 1980.
CITY OF RENTON`
By V
Its Nayoc � '
ATTEST:
,
Its CSty Cle "� �
BROADACRES, INC.
i
By
I
And b Ze ecarnetty /
ai SEATTLE-NORTHWEST SECURITIES
CORPORATION n
By It�e iden '1sa'q
And by
Ica Secretary
CERTIFICATION
October 14, 1980
STATE OF vASNINGTON)
COUNTY OF PING ss.
I, DELORES A. MEAD, duly appointed,
City Clerk cf and for the Cit qualified and acting
y of Renton, Xing County,
Washington, do hereby certify that the attached copy of
Supplemental Funds or Credit Agreement, C.A.G. 060-80,
is a true and correct copy Of the original agreement as
it appears on file in the records of the Office of the
by City Clerk in said City and as same was duly authorized
1980. dubyotheoCity6Councilaon thepl3th day sappOf October,
1980.
IN WITNESS WIIEREOF, I herr dit„ set my Official Seal of the City ,,f hand and the
F.anton, Washington this
10th day of jcu,uary, 1980.
(Seal)
1.1 y el'k
(NATIONAL BANK LETTERNEt ul
City of Renton Date:
Municipal Building --- --
200 Mill Avenue South Each draft drawn relative hereto
Renton, Washington 98055 must be marked: "Drawn Under
Credit Number:
We hereby open in favor of the City of Renton for the account
Of Local Improvement Fund, District No. 314, our irrevocable credit
number for the account of Broadacres, Inc. , for a sum
not excee�ng a total of $ available Ly your draft at
sight on us signed by your Finance Director or his successor accom-
panied by the original of this Letter of Credit and a certificate
Signed by the Finance Director or his successor either that:
i. There is a delinquency in an assessment or part
thereof for the District upon property owned by
Broadacres, Inc. , at the time of such delinquency,
yr
ii. There remain twenty (20) or less calendar days
of the remaining term of the subject Letter of
Credit (except that this condition ii, shall not
apply :'-:ring or after the last twenty (20) days
of the ;ix (6) year term specified n the agree-
ment to which this form is attached) .
We hereby agree to honor each draft drawn under and in compli-
ance with the terms of this Credit, if duly presented together with
the document (s) specified at this office on or before
19_.._ —,
Yours very truly,
(Name of Bank)
By
Authorized Signature
This Credit is subject to the "Uniform Customs and Practice for
Documentary Credits (1974 Revision) , International Chamber of
Commerce Publication No. 290."
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October 9, 1980
Ms. Gwen Marshall
Finance Director
City of Renton
City Hall
200 Mill Aoenu, 3cuth
Renton, washingtvr 98055
He: Renton LI 1311
Dear Gwen:
Confirming our recent telephone conversation, we enclose
herewith three counterports each of three agreements for execution
by the C .ty of Renton (by the Mayor and City Clerk) after passage
of the en.,losed resolution which authorizes the execution and
delivery of these agreements.
Internal authorization by Glacier Park Company ,ets the
maximum of its letter of credit at $1,235,000. The purpose o!
setting that maximum internally (but not in the agreement, and
the agreement may control) , is that the board of directors of
Glacier Park Company wanted to have some limitation as to amount.
The amount actually stated is so high (it is equal to their present
estimate of Glacier's entiro assessment) that on the basis cf the
facts as we understand them, there does not appear to he any
reasonable possibility that the letter of credit issued for Glacier
Park Company will be, or will have to be, anything close to that
amount. Accordingly, we see no difficulty arising from this and,
as we have advised Glacier Park Company by letter to is parent
corporation (which is managing Glacier Park Company's affairs) ,
we consider that the agreement will control in setting the exact
amount of the letter of credit.
The specific form of the letter of credit has been attached
to each agreement only s a suggestion. The agreement itself sets
forth the nature of th i::suer and the exact terms of the letter
of credit. Thus, the ast page of each agreement which constitutes
the suggested form of letter of credit is not a hindinq part of the
agreement: paragraph AA which sets forth the iss,.. c in terms of �the
-��J
e r T man
1l{}4...0 V45. 1�.�., .a M.walnrw t`.U4 t...4+a.O,it•
Ms. Gwen Marshall
October 9, 1980
Page -.vo
agreement is part of the agreement and is a contractual obligation
Of Broadacres, Inc., Glacier Park rpany, and Metro Industrial
District, Incorporated with respect cc the letter(s) of credit.
Please read the form of resolution, and upon execution
of the agreement by the City, be sure that one counterpart of each
of the agreements is retained by the City, one of each is sent to
Seattle-Northwest Securities Corporation, and the third of each is
sent to the other respective signers. If you would like us to mate
the distribution of the third copy, we would is pleased to do so.
In any event, we do wish to receive a certified copy of each agree-
ment and of the resolution authorizing the execution of these
agreements. ,
If you have any comments or questions, please do not hesitate
to call.
Very truly yours,
ROBERT7, SHEFELMAN, LAWRENCE,
GAY i MOCH
_ William N. Appel
WNA:mbe & y�
Enclosures
*cc: Mr, Warren Gonnason ✓
Mr. W. E. Bennett
Mr. Ralph Hamilton
Mr. Richard Kennedy
Mr. Edwin Rudlo:f
Ms. Rebecca Bogard
*All received copies of the resolution.
THE CITY OF RENTON, WASHINGTON
RESOLUTION NO.
A RESOLUTION of the City Council of the City of Renton,
Washington, expressing satisfaction with provision for
sufficient supplemental funds or credit for the benefit
of Local Improvement District No. 314 pursuant to Section
VIII of Ordinance No. 3396, and authorizing and directing
the execution by the City of agreements providing for such
supplemental funds or credit.
WHEREAS, by Ordinance No: 3396 (the "Ordinannce") the City
has created and established Local Improvement District No. 314
pursuant to chapter 35.43, Revised Code of Washington; and
WHEREAS, Section VIII of the Ordinance provides in part as
follows;
"INIo call for bids shall be issued unless and until
there is, to the sole satisfaction of the Ci y Council
(expressed by a resolution passed by a majority thereof) ,
provision for sufficient supplemental funds or credit for
the benefit of the (local improvement) District [No. 314
of the Cityl to ensure the marketability of the warrants
authorized and bonds provided for by Section V hereof"; and
WHEREAS, agreements satisfactory in form to the City Council
and its bond counsel executed by Drcadacres, Inc. , Glacier Park
Company, and Metro Industrial District, Incorporated, and by
Seattle-Northwest Securities Corporation, have beer, tendered to
the City to provide for sufficient supplemental funds or credit
for the benefit of Local Improvement District No, 314 of the City
to enuur, the marketability of the warrants authorized and bonds
provided for by Section V of the Ordinance; NOW, THEREFORE,
bE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF RENTON,
WASHINGTON, as folluds;
Src,t_ron 1. The City Council of the city hereby expresses
its satisfaction that provision for sufficient supplemental funds
or credit for the benefit of Local Improvement District No. 314
of the City to ensure the marketability of the warrants authorized
and bonds provided for by Section V of the Ordinance in the form
Of ag;eements tendered to the City by Broadacres, Inc. , Glacier
Park Company, and Metro Industrial District, Incorporated, which
agreements have also been executed by Seattle-Northwest Securities
Corporation as underwriter pursuant to those agreements.
Section 2. The Mayor and City Clerk of the City are hereby
authorized and directed to execute and deliver on behalf of the
City the agreements referred too in Section 1, above, each in
three counterparts, and to date the agreements the date of such
execution. The City shall retain one counterpart of each agree-
ment, another counterpart of each agreement shall be furnished
to Seattle-Northwest Securities Corporation, and the last counter-
part shall be delivered to the third signer of the respective
agreements. The City Clerk is further directed to furnish a
certified copy of each executed agreement together with a certified
copy of this resolution to Roberts, Shefelman, Lawrence, Gay s Moch,
bond counsel to the City.
ADOPTED BY THE CITY COUNCIL this thirteenth day of October,
1980
DtiI.UR & A, fEA City or
APPROVED by the Mayor this Ga. of October, 1980.
BAY. SHTNPOC!_H, t•a� yT or V-
Approved as to form;
LAWRENC'E J. WARRE1f;
City Attorney
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August 13, 1980
Edwin J, Rudloff, p,E
Director, Consulting Services Jones Associates, Inc.
2700 Northrup Way
Bellevue, WA 98004
Re: City of Renton LID l314
Dear Ed:
As Yo:: can see from the enclosed copy of letter
Mr. Mastro, the Tsao" parcel owner appears to
to proceed with the from
with the accurate land Proposed <agreement, be willing
Parcel so record Ownershipfth at provide us
right out that we can prepare the documents of that particular
Mr, Mastro for execution and get them
This will also advise you that we have had conversation with Darlene Ruiz of Mobil Oil Corporation,
Los Angeles lengthy
worked and during which we advised her how grem in
.ants wot:,ad einnrally l:ow local im rov: agreement
peaonnei i this state, p moat district assess-
n Renton to determine wh now checking with Mobil
1 this transaction further i ether or net
Mobil oil Corporation. s deemed to be of i Pursuing
ntereat to
We will keep you advised as matters progress.
Very truly yours,
nOBERTS, SHEFELMAN, LAWRENCE,
GAY t MOCH
WNA:mbe
Encluro, -e William N.cc: Mr. Warren - / Appel
Ha
Mr. Ralph �nnason ✓
Mr. Ri-he milton
r
Mr. W. E. Ron nettdY
••mu a.a, .w A•«lwotoN:Nan awn•L A(mA•a q.•mo«.r A.am [q«at«rN ,« ON fl mt(maN ONls
G. & M.
INVESTMENTS v
e P.Moe Avn.w aourM as aan etA"Lk.WA.MINelp $0144
An goat B. 1980
Mr . William N. Appel
1818 IBM Building
Seattle, Washington 98101
Re: Renton
LID A'f1A
Dear Mr. Appel :
'Shia letter is in resprt,se to your letter of Tuly IS,
I9BD to Mr. William S. Teao, Mr. Taco is the engineer
for the property but not the owner.
i have reviewed the letter and agree to provide the Letter
of Credit called for in the Iettar.
Sincerely,
M. R. Mastro
wItOW�N,~['fawN liw Offl<[& dPNN f Y.wa00.,,
+�wt�yPPP•11.��s�W,o\wa Roet.are,SMCICLMAM,LAWNC04CC UN M0cn I,P\t.O,YOtN \,i ok tYl l" i
\M\N a t9Y..Pc.
w". ..NP Tc,pool ail+Na
wiiaw� &w. &uitt aai
race ute\u&tots,
\Ut\'•NWNw&tYt, Th WOiI iieq&a
M U`� Ma1tY P.
Auquat 6, 1980
Rebecca Boyard, Esy,
2000 IBM Building
Seattle, WA 98101
Re: City of Renton LID f314
Dear Ms. Bogard:
Assuming that the format for the letter of credit is
now satisfactory, we enclose herewith three execution copies
of agreement which please have your client, Broadacres, Inc.,
execute and return to us for execution by the other parties.
An extra file copy is enclosed for your file.
Many thanks for your assistance and cooperation.
Very truly yours,
ROBERTS, SHEFELMAN, LAWRHNCE,
':AY i MOC7H
William N. Appel
WNA;ribe
F'nclosures
Oct Mr. W. E. Bennett
Mr. Warren Connason ✓
Mr. Ralph Hamilton
Mr. Richard Rennedv
w\\�iN YiOM\tot\ .hP Aa.atw 1.\i Nf
• \lot„\1.1a4c. \t\.P,N\Nt w.\N�h,t4h t.l.t&,\PNI.
..as\o 11gair\w. LAW 01-ILta
u�ttM s.wN Nr acesRTS,SNtrrLm".L{wmemet GAY a Mr cm wwa•N+er An'a119
y..�� 'a.a MN 6.1Le.Na
ar.ay.Q�N�a. WM
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n
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AN ..OR.a[ Ai..s.A 999509
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ee4. naw
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August. 6, 1980
r1r. A. Wilhelm
Vioe President and Treasurer
The Austin Co.
3650 Mayfield Road
Cleveland, Ohio 44121
Re: City of Renton I.ID 1114
Dear tlr. Wilhelm;
Tnis letter will introduce us as bond counsel to the
City of Renton, Washington, in connection with bonds pro-
posed to be issued by the City for a local imp•�ovement
district in which Metro Industrial District, Incorporated
(a subsidiary of The Austin company) , holds property.
Mr. Paul Chfado has asked us to write you directly
and submit execution copies of an agreement negotiated
between the parties in connection with the financing of
the improvements being carried out by the city of Renton.
We enclose three counterpart execution copies of the final
form of negotiated agreement, together with an extra file
copy for your records. Mr. Chiado is receiving a copy each
of this letter and of the agreement for his file.
We believe the agreement x: self-explanatory, but it
you have any comtminte or questions, please do not hesitate
to call. Time is of the essence, and so we look forward
to receiving at lour earliest convenience three counterpart
copies of the agreement executed at page five by the president
and secretary of Metro Industrial District, Incorporated.
You will note that tea corporate secretary of Metro Industrial
District appears in ttn.a placosj assuming that the president is
authorised to sign alone, the secretary need not sign In the
right hand signature hlook but may merely attest the signatu,
of the president.
Many thanks for your ooperatton.
Very truly y ors,
ROBERTS. SHEFELMAN, LAWRENCE,
Enclosures CAy i M('CN
Cc: Mr. Paul Chiado Mr. Ralph Hamilton
Mr. W. E. Bennett Mr. Warren Corinasun ✓ William N. Appel
Mr. Richard Kennedy
•1....sell C1V\+ .I l U.uC..^...0`44.UN al.11.i.a YN\Y
m ram, CITY CLE'S FICL
DAM 4Ab
RE:
Yj-
VMNb l
THANK YOU,
CITY OF REN1'0.', WASHINGTON
ORDINANCE NO. 3396
AN ORDINANCE of the City of Renton, Washington,
ordering the construction and installation of
sanitary sewers, water main, fire hydrants, curbs,
gutters, sidewalks, street lighting and all
necessarl appurtenances in the vicinity of East
Valley Highway and S.W. 16th St, from SR 167 ramp
northerly and westerly to Lind Avenue S.W. ,
Renton, King County, Washington, all in accordance
with Resolution No. 2283 as amended by Resolution
No. 2299; providing the method of assessment in
such district; providing that payment for such
improvement be made by special assessments upon
property in such district., payable by the mode
of "Payment of Bonds", or "Notes" in lieu
thereof as determined by the City Council; pro-
viding for the issuance and sale of local improve-
ment district warrants redeemable in cash ind
local improvement district bonds or notes (LID
No. 314) .
WHEREAS by Resolution No. 2283 passed and approved on July 2,
1979, as amended jy Resolution tip. 2299 dated September 24, 1979, the
City Council of the City of Renton, Washington (the "City"), declared
its intention to construct and install sanitary sewers, water main,
fire hydrants, curbs, putters, storm drainage,, paving, sidewalks,
street lighting and all necessary appurtenances in the vicinity of
East Valley Highway and S.W. l6th Street from SR 167 ramp northerly
and westerly to Lind Avenue R.W. , Renton, King County, Washington, and
fixed the Sth day of November, 1979, in the City Council Chambers in
thv� Ntunicipal Building, Renton, Washington, as the time and place for
hvarirq all matters relatina to such improvements and all objections
thereto and for determininq the method of payment for such improvements,
and such hearing was continued from time to time; and
• 0
WHEREAS the Director of Public Wzrks has caused an estimate
to be made of the cost and expense of the proposed in, vements and
has certified such estimates to the City Ccu, il, together with all
papers, data and information in his possession relating to the proposed
improvement, description of the boundaries of tho District, a statement
of what portion of the cost and expense should be borne by the properties
within the proposed District, a statement in detail of the local
improvement assessments outstanding or unpaid againat the property in
the proposed District, and a statement of _he aggregate actual valuation
of the real estate, including 254 of the actual valuation of the imnro%o-
ments in the proposed District, accordin- to the, valuation last, placed
upon it for the purpose of general taxations and
WHLREAS suck' estimate is accompanied by a diavram of the
proposed improvement showing thereon the 10t1+, tracts, parcels of land
and other property which will be especially banefit�,d by the proposed
improvement, and the estimated amount of the cost and expvnae thereof
to be borne by each lot, tract and parcel of land or other property
within such Districts and
WHEREAS due notice of the hearing upon such Local Improvement
District No, 314 was given in the manner prov-dad by law, and such
hearing was duly held by the 'city Council and continued thereafter
to various Sat'-a wits t1w f'n.'1 .., I,. at ..,: regular t,rOtinq
on January li, 1780, at the hour of 8100 P.v. , and the City Council
duty considered all written protests filed with the City Council. and
.l_
all poraonm apprmring at. Such hearing and the continuances thereof
were heard, and as a result Of protests filed at the ce•t..inal ht,a
and continuations thereof ring
the City Council ordered 'in changes
in the Seeps and nature of the �rOvsments and prof, 45 proposed
to be asSessed and overruled all other protests race; ed= and
WHEREAS at such hearing as continued the L,given due consideration to the special Council has
benefits to x•mcounci from
such proposed improvement by all Of the properties be included
within the proposed local improvement district; an,
;^7HMAS the City Council dooms it in the bast interest of
the CitY and of the owners of the property within the proposed local
improvement district that the improvements as hereinafter descrihrd
be carried out as hereinafter set forth, and that a local improvement
district be created in connection therewith; NOW, THEREropE,
THE CITY COUNCIL OF THE CITY OF RENTON, WASHINGTON, Do
ORDAIN as followst
8`fetiOn I, The following sanitary sewers, water main,hydrants, curbs, gutters, storm drains, paving, sidewalks, tiers
lighting and all necessary appurtenances shall street
be instailmd and
constiuctad in the vicinity of Cast:. "lloy Highway and S.W. 16th
Street from SR 167 ramp westerly to Lind Avenue S,W• , Renton, Ring
.r,ty, . .,hln ,c:ar,. ,xs more pare,:..
wi t; � . ... ::.ril•:: !,aroi�ri,rirna. r ,,
See Exhibit "A" attached hereto and made a part hereof
as if fully set forth heroin,
-I.
and there shall be included in the foregoing acquisition and installa-
tin-, of all necessary connection equipment and appurtenances, together
with the acquisition of any easements, rights-of-way and land that
may be required, and there shall be included the performance of
such work as may be incidental and necessary to the foregoing construc-
tion and installation.
The City Council ma; modify the details of the foregoing
described improvement where, in its Judgment, it appears advisable,
provided such modifications do not suhstsntialiy alter the plan of
such improvement. All of the foregoing shall be in accordance with
the plans and speoifications tz.-iref:.r 'r, be prepared by the Director
of Public Works.
Section IT. There is hereby established and created a
local improvement district to `.s called "Local Improvement District
No. 314 of the City of Renton, Washington" (the "District."1 , the
boundaries of the District being described as folluw6!
See Exhibit "e" attached hereto and made a part hereof
as if fully set forth herein.
Section III The estimated cost and expense of such improve-
ment is hereby declared to be approximately $5.660,000.00. The entire
cost and expanse of such improvement, including the cost and expense
of all engineerinq, legal, inspection, advertisinq, publication of
n,e ..•ve in.1 n*her ,x,pon,tos IncidnnYil th,:rrto, sha:: hn turn- by
and assessed aoainat the property specially benefited by such Improve-
ment included in the nistriat established, embracirt7, as near as may
be, all property specially benefited b such Improvement.
-4-
0 •
Section IV. The nature of the improvement provided for herein
is such that the special benefits conferred upon the property are
fairly reflected for construction of sanitary sewers, water main,
fire hydrants, curbs, gutters, storm drainage, paving, sidewalks,
street lighting and all necessary appurtenances to be done on the
front footage basis, but adjusted for work needed for special conditions
such as filling and bringing to grade, such cost to be assessed to
the abutting property owner on the basis of the actual cost of the
special works and it is hereby provided and ordered that the assess-
ment shall be made against the property of the District in accordance
with such mrthuds. All property included within the limits of the
District shall be considered to be the property specially benefited
by such local improvement and .shall be the props*rty to be assessed to
pay the cost and expense thereof as hereinabove specified.
Section V. Local improvement diatrir.t warrants shall be
issued in palmtont of the cost and expense of the, improvement herein
ordered. Such warrants shall be payable out of the "Local Improve-
ment Fund, District. No. 114" hereinafter created, to bear interest
from the date thereof at a rate to be fixed hereafter, but not to
exceed 15t per annum and to be redeemed in cash and/or by local improve-
ment district bonds heroin authorised to be issued, such interest-
bearing warrants to be hereafter referred to as "revenue warrants."
Such bonds shall bear interest at s rate to be herea:ter fixed but,
tx:': ilai 1a-. 1wr ,.,i.�., „i: . , , ,t. . - l7 p, .t ,
from the date of issuance, the life of the improvement ordered being
n_,t loss than 11 years, and shall be issue- in exchange for and in
-5-
t"emption of any and all revenue warrants issued 1.1.e1urder and not
redeemed in cash within a period not to exceed n>net.y (91) days after
the first publication by the Director of Finance of noti.e that the
assessment roll for Local Improvement District No, 314 is in her hands
for collection. The bonds shall be redeemed by the collection of
special assessments to be levied and assessed u,4on the prooerty within
the District, payable in 15 ecual installments, with int«rest at a
rate to be fixed hereafter but not exoeeding 151 Der annum, and a
iwnalty in such amount as shall hereafter be set forth in the ordinance
approvinq and confirming the final assessment roll for tic District
which shall also he collected. The exact form, aa.:)unt, date, interest
rate and denomination of such warrants and hm),J, !;all tie hereafter
fixed by ordinance of the City Coun;:ii.
For those persons found by the City to to economically dis-
advantaged property owners or other oetr,ona wilor under the terms of a
recorded contract of purchase, recorded mortgage, reoorde;i deed of
trust transaction, or record,.-d loasu are responsible under penalty of
forfsir .re, foreclosure or default, the assessment levi,,d for the
improvements herein authorized may be deferred until a time previous
to tue termination of the District under terms acceptable to the City
and awn assurance of proper security for the payment of such assess-
ments. Such deferral shall not survive the ownershio of interest of
deferral was Granted and it shall likewise not survive tile sale,
transfer or other action which either terminates rnu pos;;tssory interest
of such property owner or person or which turns the property into
investment, renta; or ]ease property,
-b-
Section VI. All the work necessary to be done in connection
witn the ms4i-4 o£ such improvements snail be done by and made by
contract uPJA comoetitive bids and the City shall have and resorves
the right o reject any and all bids. The call for bids for work
authorized pursuant to this ordinance shall include a statement that
payment for such work will be made in cash warrants drsvn upon the
"Local Improvement Fund, District No. 314,"
Section VII. There is hereby created and established in
the Finance Director's office of the City for the District a special
fund to be known and designated as "Local Improvam,. Fund, District
No. 314" (the "LID Fund"), into which fund shall be deposited the
proceeds from the sale of revenue warrants drawn against such fund
Which may be issued ai,d sold by the City and col.ections pertaining
to assessments, and against which funs shall be resod cash warrants
for the contractor or contractors in payment for tho work to be done
by them in connection with such improvement and all other items of
expense in connection with such improvement.
Section VIII. The Public Works Director in hereby authorized
and directed to call for bids in the manner provided by law for the
construction and installation of the improvements authorised herein.
No call for bids shall be issued unless and until there is, to the
sole satisfaction of the City Council (expressed by resolution passed
h•' a resjoritq thereof! , provision Or,r s:ifficiont aunolemental funds
or credit for the benefit of the Distract to insure the marketability
of the warrants authorized and bonds provided for by Section V hereof.
Section IX. The CitV rt.cwrvas the ciyht. Lu issue, in lie!4
of bonds and warrant. in payment of the cost and expense of the
aforesaid Local Improvement District, installment note or notes pay,Sle
Out of the LID Fund, pursuant to RCW 35.45.150, whenever such notes
or notes are sold exclusively to another fund of the City as an invest-
ment thereof, and as further provided by law. Such installment note
or notes may be of any denomination or denominations, the aggregate
Of which shall represent the balance of the cost and expense of the
District which is to be borne by the property owners therein, and as
further provided by law.
PASSED 9Y THE CITY COUNCIL. this 21st day of January, 1980.
6E'LOn 9 A. MEAD ty --'-
APPROVED by the Mayor this 21tt day of January, 1980.
�elroxol .x} Siu��potk.
_ ElARC1ARA Y.SHINPO , Mn}•ter
Appr ved as to forms
wr ce J. War --
Lty t or
Date of Publicationo
-8-
EXHIBIT A
old IflIMMON
1•. . rm' ta•n v. Je:ltaln to, 10 "A 11 .-.nshlP . - •' . ..ay• a a..,
J o d.rtto.l dt and as T..hbht)t Ol North h.At. A
,.' the Plats .1 C. 0. IglI... laelt"alrn card.na aselst. ta. t r<te10.4 Oa
olio,, 1) of Plata, Palo to nterd. of at.l Comm" pMiP.tm aM Wr vlet tf
^r 1 aaAlO, aorlher. orilll. lod..tflal Park of t.ntoa Plvtoten so, l a1 rtterdN to
Lest riot., PAR.-�"r...ode of tint Cats". valtt.trn. I.It. ,O.thofl. of
;.A01 tfraw.v)I Votarl/' of $a-167 slat it.et; aM
.,.t.r1y of the folloatoR doscrtbed bounden Iins;
...lion ln6 a1 t1,V 4flLVFnVtIiN.t .( [h. a..'h.rl. r,Ir 'J11 ,.rh t•.< ,a`•;r:r
IN nefst" of LtMAva. am, theaee oaeeherl; aS sea , . .+[.r 1• _+ . . ,In of all
lac. sv to the mlrtherlY rev .rein M S. loth St.. :. 01, -O'o, rat•rll to .,
.,rralaht It"r .Fro.. Sw lath Sr. to the .t.tarl% rf aar•t oe I112 I..r. , t+rn,e
...telly along *.ad anutharl. IN oafair. 41 S• 16t� at a ilPe nl:.ltel .an
I)n ft. vs1.1iV et, ad weds.'" at rLot a.,1F3 ff.- the Vw.r a s' lln. of Land
.tvr. M then., o.th.,I, along o414 per.fail line to A ill. Poor.)".: eact. and
600 feel "Oft', fly of, on uuaaold at eight tn;le. arm, r.r rn f^yIv ft, itno of
Sv 19th It.• theme wsor lv •Ions said plell%*I Ito. to ts. ctnterU." of fayoald
Avs. IV; tMnt. .owehorly also,,- said cona.rlaoe old veld tenter)Ps oawrled
aotehorly to a Ito* P...11.1 vlth end AO feet southerly of ae PdA...04 at rluht
n1191.r fPen th• 1.1h.rlY ffv two of St. loth St., thence eo.terly siwr" ,Isla Parallel
lane to a Isle NMllol with and 600 it. Vesterly of, as rray:;red at r1aM aniloo
1 , the westerly riv ",fain of tbegaat Valle) drd; thence southerly alerq sold
rnlid 110e to a It., tonllel vlth and 600 It, north.rle n1, as Prayvted ar
ri. t doilies frv., the northerly rev ..Fall 0! Su ))th St t thence WAt.t1v aloof,
+old pa1411e1 ll"r to a line "relief vlth an! 100 ft. ostetty of, av ooawred at
righl 4061.0 1,.e, th. eeet.rty rfw M.',to of th. bur llnpton hbrtb.fo Rwm..f-way;
t hrnre .outhrr lv al ens ..id psfallsl it" to a late Parallel 'Alta L W It. sovlh-
orly of as ...trod at ftaht onpl.. Im, the se.U-,.rle ft. Walk et 111 )iM Sk.:
eh,l,. ee.brly dons add parallel It.. to A line 'AralLt -loll" 600 -1-
.I. .. w....red et elRhi .late. fr. tM vuttrlx dv avtrttn of la! valley do".
t ha ace southerly doM said parallel U:le to the n.rtherl. rev Partin of SU Slat
v and the tern anu+ of .old hafetolor. -.Mt.m.d beuMary lift..
t..+yt theretroo env Portia" lylea vithil attkO tf 13M 110 it, Vital, telnh 110
ft, so each ode of th.. rfu at Lind Ave. Co a 110 art otrq eo the saat %tee of the
rh. of Rava.hd w., tv; If,, it, strip. on sash aide of 0, flv of a. Uth I..: old
110 ft. sat L• ns the .rth "e. o1 C. n. a; hl. 44t s:.
EXHIBIT P
The proposed -,nprovements consist of;
1. The reco struction of Southwest loth Street frrrJ Lind Avenue Southwest
to the East Vahley Road and the East Valley Road from Southwest 16th
Street to Southwest 41st Street. The caaplete new construction of
Southwest 19th Street from Raymond Avenue Southwest to the East Valley
Road. The complete new construction of Southwest 27th Street from a
Joint 200 feet East of the Ourlington Aorthern Railroad right-of-way
to the East Valley Rood. Included in the above improvements are em-
bankfrent construction, paving, curbs, gutters, sidewilks, illu.ninaticn
and enclosed drainage systems.
2. Construction of saritary sewers in Southwest 16th Street from Lind
Avenue Southwest to the East Valley Road; in Southwest 19th Street
to the East Valley Road; and in Southwest 27th Street from a point
200 feet West of the Burlington Northern Railroad right-of-way to
the Metro trunk line in Valley Parkway and also from Lind Avenue
Southwest to the East Valley Road.
3. .Water mains and fire hydrants in Southwest 16th Street from Lind
Averue Southwest to the East Valley Road; in the East Valley Road
from Southwest 16th Street to Southwest 19th Street and also from
Southwest 23rd Street to Southwest 27th Street; in Southwest 19th
Street from Raymond Avenue Southwest to Lind Avenue Southwest; and
in Southwest 27th Strut from a point 200 feet East of the Burling-
ton Northern Railroad ght-of-way to the East Valley Rosd.
I, DELORES A. MEAD, City Clerk of the City of Penton,
Washington, hereby certify that the attached copy of Ordinance No.
3396 is a true and correct copy of the original ordinance passed
on the 213t day of January, 1960, as that ordinance appears on the
Minute Look of the City.
ti
DATED this day of January, 1900. nn
DDL��LAD City CC cr(of
the City of Renton, Washngton
VP
ROeCMla SHILMLMAN,LAWaCNee GAY a MocN ,.N{.N•P�••Mi
jjj....;'�..�}a, {Y••O<n 's s�s•.av„O Na ..Np�yiY[M~Ma
pg. N.i ew•<�iC. ftA"Le ae "loft sale.
.•s•«••c,".a Tel foe ala io•
>oa is00 Ol.w, pyt•
<iN• Ox•,n
vi.s\..r•• AMCMO.IAOa Aus.A ea003
.pOMi+i+b...r" Tt. so! a!! I's
June 12 1980
Mr. Roger Hamilton
Manager-Property Taxes
Burlington Northern Railroad j
Central Building
810 Third Avenue
Seattle, Washington 98104
Via Hand Delivery
Re: City of Renton LID 1314
Dear Mr. Hamilton:
We en^lose herewith a final t of agreement for use in
connection with the above LID. Because not only Glacier Park
Company, but a number of other assessment payers are intended to
be involved, w,i are preparing one agreement for each payer to
avoid multiple parties on a single agreement.
We would appreciate your or your company's response to this
form as soon as possible as the identical terms of agreement are
being negotiated with a number of other parties.
•ou have a:,y comments or y,:estions, please call or write.
very truly yours,
ROBERTS, SIIE£EL".1N, LAWRENCE,
GAY i MOCH
William N. Appel
WNA:mbe Ar_
Enclosures lLY•f•
cc: Mr. Richard Kennedy Seattle-Northwest Securities Corp '
Mr. Warren Gonnason, F.E., City of Renton v "q�y
Mr. Edwin J. Rudloff, P.E., ,zones Aseoclates, Inc.
•Md.{NINGION{•«•i.M1...........
•.. ....N ON,.Y A,.L O[••l1.A W.\+�My•OM1...•........
FUR YOUN
wwaHa i`i\ry.wN LAw O.,'ICLS ,onNa w"Ita. ..
a ROBERTS,9XEKLMAN L►WRtNCE.GA* L MOCN
. ..Otn `t't aX�L'.....\O •.N.0 .M.Ma,»ab
eego.*.
.*� CW aib.. S[A1 Tl[.WA{1 pN®a!OI
wrb...a ea�ow TeL `t001 eta 622'aro
iAWa a fVifNa. �—
�` N•1W. Jw S.119 31,
yvw am.f• 2460 R'..eNA,. f+Nat.
a•+.b`• !1=111 AgeHORAOE.AusNA 99%03
66.1.. 6,'.NaLL , a
T.L 'to, 3te ,
tea= ..iivv
June 12, 1980
Mr. Paul S. Chia.rdo
Vice President and District Manager
The Austin ompany
800 S. W. loth Street
Renton, Washington 98055
Re: City of Renton LID 0314
Dear Paul:
We enclose herewith a final draft of agreement for use in
connection with the above LID. Because not Only Metro Industrial
District, but a number of other assessment payers are intended to
be involved, we are preparing one agreement for each payer to
avoid multiple parties on a single agreement.
We would appreciate your or your company's response to this
form as soon as possible as the identical terms of agreement a.e
being negotiated with a number of other parties.
If you have any comments or questions, please call or write.
very truly yours,
ROBERTS, SREFELMAN, LAWRENCE,
GAY 6 MOCH
S.illiam N. Appel
WNA:mbe
Enclosures
cc: Mr. Richard Kennedy, Seattle-'.3rthwest Securities Corp.
Mr. Warren Gonnason, P.L., Ci Ly of Renton be,
Mr. Edwin J. Rudloff, P.E., Jones Associates, Inc.
•w AfN!N b.bN 1rAn .Non N1N.t.wf
'.1.1N.1..,. lON yt llf aAl.bMl♦
• • FOR YOUR INFORMATION
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� YGpxiwwp\ June 11, 1980
nwS • «p[aw
Mr. W. E. Kennett
Deputy Finance Director
The City of Renton
Municfoal Building
200 Mili Avenue South
Renton, Washington 98055
Re: Agreements for Letters of Credit, LID t314
Dear T, d:
We have prepared separate agreements for Glacier Park Company
and for Metro Idustrial District ("Valley Office and Industrial
Park") and have transmitted those agreements to those parties.
We have been speaking with David Diehl for the past week or
so, and have requested that the title records be checked to con-
firct the accuracy of designation of certain of the other parties
intended to be involved. While there is no problem with Broadacres,
Inc., or with Mobil Oil Corporation, we will need th.- land records
checked to determine tn.. true legal names of the other parties
intended to be involved. These are Ms. Mildred Surui+era, Gary
Merlin Construction Co. (not listed as a corporation in t`:e
Washington Secretary of State listing, and accordingly this must
be one or more individuals doing business under this name, and
therefore their names are what we need) , Weber, Allison, Iversen
and Diven 'obviously a partnership but we need to know the names
of the partners) ant William S. Tsac. Because the property subject
to asses=ments is real property, we will need to know the name of
the spouse, if any, of Vs. Summers and Mr. Tsao. We understand
that :Ir. Diehl is organizing the obtaining of this information.
Please call if you haver any questions.
Very truly yours,
ROBERTS, SHEFF.LMAN, LAWRENCE,
GAY 6 MOCH
WN _I;�,,i. William N. Appel
Enclosures
cc: Mr. Richard Kennedy - w/enclosures
Mr. Warren Gonnason, F.E. - w/enclosures ✓
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Mobil Oil Corporation
611 ',ouch Flower Street
Los Angeles, California 90017
We are counsel to the City of Renton, Washington, for the
purpose of its issuance of local improvement district bonds for
LID (Local Improvement Di.strict) No. 314.
As 70a may know, Mobil Oil Corporation is an owner of a sizeable
Portion of the property benefited by the improvements to be made in
this local improvement district. Because of the size of the costs of
the improvements fcr. this LID and the sizeable bond issue intended to
finance these costs, the City has .inserted a condition precedent to
the awarding of contracts for the improvements. Present municipal
bond market conditions and the large size of the bond issue compared
to the size of the City's guaranty fund normally used to guarantee
bond holders against default for unpaid assessments, have caused the
City to request from the, larger land owners within the district, st.ch
as your corporation, financial assurance that assessments will be
paid and that the otherwise relatively small guaranty fund will not
alone be insufficient for the purpose.
Certain other land owners and proposed asse;tment ,-ayers have
agreed in principal to give this assurance in thr,. form enclosed. We
have attached such a form for your corporatio:, and ask that you
consider executing and delivering this agreement or one substan-
tially identical in order that the award of contracts for the
improvements may proceed.
For your information a copy of the ordinance forming the
district is enclosed. If you have any further questions about
the extent of the improvements or the anticipated costs, please
call Mr. Warren Gonnason, P.B., Public Works Director for the
City of Renton, at (206)235-2569. In case you would like to
speak directly with the proposed underwriter, Seattle-Northwest
Securities Corporation, please feel frev to talk to Mr. Richard
Kennedy at ('?oG)628-2851. Il, case at,y legal questions or questions
AN.ALATKN O.N.
••TL.f KA""ONLY,ALL Wtn[N6 W1SNIN11 ON NAT(PAR ONLY
Mobil Oil Corporation
June 12, 1980
Page Two
as to form of the agreement may arise, please write to or call the
undersigned, reverse charges if necessary.
Very truly yours,
ROBFRTS, SREFELMAN, LAWRENCE,
GAY 6 MOCR
i
�. i):j
William K. Appel
WNA:rape
Enclosures
cc: Mr. Richard Kennedy, Seattle.-Northwest Securities Corp.
Mr. Warren Gonnason, P.E., City of Renton ✓
Mr. Edwin J. Rudloff, Jones A5sociato5, Inc.
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June ]2, 1980
Broadacres, Inc.
653 Skinnor Building
Seattle, Washington 98101
We are counsel to the City of Renton for the purpo o. of its
issuance of local improvement district bonds for LID (Loc.,l Improve-
ment District) NO. 316.
As you may know, Broadacres, Inc. is an owner of a sizeable
portion of the property benefite' by the improvem-arts to be made
in this local improvement distric_. Because of the size of the
costs of the improvements for this LID and the sizeable bond issue
intendoc to finance these costs, the City has inverted a condition
precedent to tire awarding of contracts for the iv.provements.
Present municipal bond market conditions and th,: large situ of
the bo•id israe compared to the sine of the r�' _y"s guaranty fund
normally used to guarantee bond holders agai ist default. for unpaid
assessments, hav caused the City to requost from the larger land
owners w` thin the district, such ,.t your C, - ,ration, finar ial
assurance that assessments will bc, paid arL that the otherwise
relmti,vly small gua•—nty f,and wi it not alor.� be insuf f.icient for
the purpose.
Certain other land owners and proposed aa— essment payers have
agreed in principal to give this assurance ir. Lt.- form cnclos:nd. We
have attached such a form for your corporation at.' ask that you
consider executing and delivering this agreeme•tt or one substan-
tially identical in order that the award of cot rdct,-, for the
improvements may proceed.
For you- information a copy of the ordinance -orming the
district is et{closed. If you have any further tuostions about.
the extent of ,he improvements or the antic.ipo'.ttl costs, please
call Mr. Barren Connason, P.N., Public Works Director for the
City of Renton, 1 235-25i9. In cast you would lake to speak
directly with the proposed underwriter, St—tt]r -Northwc,,t SLcurities
Corporation, please feel free to talk to 4h. Richard Rennody tt
628-2B51. In case any legal questions or questions to form of
.WISMINt.TON lT 11T1 .Xt1 AL1{i NF 1.N.
•.wLFkR4 BAa tlY{,Y 11.40T«YNNM.ININ4TbN.T.if,I.N bNI I'.
` Rroadacres, Inc.
June 12, 1980
Paget Two
the ag::_ement may arise, please write to or call the undersigned,
reverse charges if necessary.
Very truly yours,
ROBERTS, SHP.I•EIH41N, LAWRENCE,
GAY c MOCIT
William N. Appel.
WNA mbe
Enclosures
cc: Mr. Richard Kennedy, Seattle-Northwest Socurities Corp.
Mr. Warren Gonnason, P.E., city of Renton ✓
Yr. Edwin J. Rudloff, Jones Associates, Inc.
ItJao..,,.
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P.`!,YH Irr.evi• atl'O Yf MAI'AlNe/s
AAteNnA•ar ALASKA 99a03
•�rc
We arc- counsel to the City of Renton for the purpose of its
issuance of local improvement district bonds for LID ibocal Improve-
ment District) No. 314.
As you may know, you are an owner of a sizeable portion of the
property benefited by the improvements to be made in this local
improvoment district, becauao of the site of the costs of the
improvements for this 1.10 and the sizeable bend issue intended to
finance these costs, the City has inserted a condition precedent.
to the awarding of contracts for the improvements. Present muni-
cipal bond market conditions and the large site of the bond issue
compared to the size of the City's guaranty fund normally used to
guarantee hond holders agtiutt default for unpaid assessments,
have, cau;.ed the City to request from the larger land owners within
the district., such us yourself, financial assurance that assess-
ments will be [Laid and that the Otherwise restively r:mall guaranty
fund will not alone be insufficient for the purpose.
Certain other land owners and proMsed asaesament payers have
agreod in principal to give this assurance in order that the award
of contracts for the improvements may proceed,
For your information a copy of the ordinance forming the
district is enclosed. If you have+ any further questions about
tho ext.ont. of the improvements or the anticipatod costs, pipasc•
call Mr. Marron Gonnason, P,R., Public Works nirector for the
city of Renton, at 2I9-2569, In case you vould like to spoak
directly with the proposed underwriter, Seattle_
Northwtst Stcuritiea
Corporation, please feel free to talk to Mr. Richard Ronncvly at
628-2851. In case any legal questions or questions as to form of
the agreement may arise, please write to or call the urdersigned,
reverse charges if neeoseaty.
Very truly yours,
RORRRRS, SIIFFELIVON, 1AWRRNCY.,
GAY i MO, H
WNA%H)t I a
Snclosures Willian ta. Aftvl
• y..µr',A MN PM.,v.µ t'pHa4 M,wMNINyoN tl M! a.n aM.r
(NATIONAL RANK LE:TTERHFAD)
City of Renton Dates
Municipal Building ---
200 Mill Avenue Routh Each draft drawn relative hereto
Renton, Washington 90055 must be narked: "Drawn Under
Credit Number:
We hureby open in favor of the City of Renton for the account
of Local Improvement Fund, District No. 3I4, our irrevocable credit
nunber _ for the account of Rroadacres, Inc., for a sum
not excee Nqa total of $ available by your draft at
sight on us signed by your _!'-nines Director or his successor accom-
panied by the original of this Letter of Credit and a certificate
signed by the Finance Director or his successor either that:
1. There in a delinquency in an a:.sessment or part
thereof for the District upon property owned by
Rroadacre::, Inc., at the time of such delinquency,
or
ii. There remain twenty (20) or lens calendar days
of the remaining term of the subject Letter of
Credit (except that this cundit.ion ii. shall not
apply during or after the last twenty (20) days
of the six (6) year term specified above) .
We herehy agree to honor each draft drawn under and in compli-
ance with the terms of this Credit, if duly prea<tuterl together with
the do.�,gmont(s) specifio-i at this office on or before ,
19 •-- - --
Yours very truly,
(Neme of Bank)
By
Authorized Signature
This Credit is subject to the "Uniform Customs and Practice for
Documentary Credits (1974 Huviniun), lnternationol Chn,A. r of
t'n=';n,rrce Publication No. 290."
(NATIONAL, RANK LETTERHEAD)
city of Renton Uate: —-----
Municipal Building
200 Mill Avenue South Each draft drawn r,•lative hereto
Renton, Washington 98055 must be markedt "Drawn Under
Credit Number:
We hereby open in favor of the City of Renton for the account
of Local liprovemont Fund, District No. 314, our irrc+ocable credit
number for the account of Mobil Oil Corporation for a
sum not exc'eed:n9 a total of $ _ _ available by your draft at
sight on us signed by your Finence-Dfrcctor or his successor accom-
panied by the original of this Letter of Credit and at certificate
signed by the rinance Director or his successor either that:
i. There is a delinquency in an assessment or part
thereof for the District upon property owned by
Mobil Oil Corporation at the time of such de-
linquency, or
ii. There remain twenty (20) or less calendar days
of the remaining term of the subject Letter of
Credit [except that this condition it. shall not
apply during or after the last twenty (20) days
of the six (6) year term specified above).
We hereby agree to honor each draft drawn under and in compli-
ance with the terms of this Credit, if duly presentcfl together with
the document (s) specified at this office on or before
19__
Yours very truly,
(Name of Bank)
By
Authorized Signature
This Credi: is subject to the "Uniform Customs and Practice for
Documentary Credits (1474 Revision), International Chanber of
Conmrrce Publication No. 290."
r
(NATIONAI, RANK LETTERHEAD)
City of Renton Date:
Municipal Building
200 Mill Avenue South Each draft drawn relative hereto
Renton, Washington 98055 must be, marked: "Drawn Under
Credit Numbers "
We hereby open in favor of the City of Renton for the account
of Local Improvement Fund, District No. 314, our irrevocable credit
number _ for the account of Glacier Park Company for a sum
not exceeding iiotal of $ available by your draft at
eight on us signed by your pfninci. Director or his successor accom-
panied by the original of this Letter of Credit and a certificate,
signed by the Finance Director or his successor either that:
i. There is a delinquency in an assessment or part.
thereof for the District upon property owned by
Glacier Park Company at the time of such de-
linquency, or
ii. There remain twenty (20) or less calendar hays
of the remaining term of the subject Letter of
Credit (except thit. this condition ii. shall not
apply during or after the last twenty (20) dais
of the six (6) year term specified above).
We hereby agree to honor each draft drawn under and in compli-
ance with the terms of this Credit, if du'; preen,,nt.ed together with
the document(s) specified at this office on or before ,
Yours very truly,
(Name of Bank)
By
Authorized Signature
This Credit is subject to the "Uniform Customs and Practice for
Documentary Credits (1974 Revision), International Chamber of
Commerce Publication Nc 290."
[NATIONAL RANK LETTERHEAD]
City of Fenton Date:
Municipal Ruildirig -----"-----"•'_
200 Mill Avenue South Each draft drawn relative hereto
Menton, Washington 90055 must be marked% 'Drawn Under
Credit Number% "
We hereby open in favor of the City of Renton for the account
of Local Improvement Fund, District No. :14, our irrevocable credit
number for the account of Metro Industrial District,
Incorporated,liar a sum not exceeding a total of $ avail-
able by your draft at sight on us signed by your Finance Director
or his successor accompanied by the original of this Letter of
Credit and a certificate signed by the Finance Director or his
successor either that:
i. There in a delinquency in an assessment or part
thereof for the District upon property owned by
Metro Industrial District., Incorporated, at the
time of such delinquency, or
ii. There remain twenty (20) or less calendar days of
the remaining term of the subject Letter of
Credit (except that this condition ii, shall tint
apply during or after the last twenty (20) dayr.
of the six (6) year term specified abovel.
We hereby agree to honor each draft drawn und,r and in compli^
Ance with the terms of this Credit , if duly presented together with
the document(s) specified at this office on or before
Yours very truly,
[Name of Dank)
By
Authorized Signature
This Credit is subject to the 'Uniform Customs and practice fot
nocumentary Credits (1974 Revision), International Chaa::)ar of
Corr,_erce Publication No. 290."
AGRUMRNT
1. Parties:
A. City of Renton (the "City"), a Code city end municipal
corpor '. .on of the State of Washington, whose address for
purposes terser is municipal Building, 200 gill Avenue
South, Renton, Washington 9805',I
8, Metro Industrial pistrict, Incorporated (with its succes-
sors and assigns "Metro"), a Washington corporation, also
known or doing business as "Valley Office and Industrial
Park, Inc.% whose address rut purposes hereof. is 800 S.
W. 160h Street, Rentun, Washington 980551
C. Seattle-Northwest Securities Corporation (with its succer,-
sors and assigns 'Seattle-Northwest"), a Washington corpo-
ration, whose address for purposes hereof is 1000 Logan
Building, Fifth and Union, Seattle, Washington 98104;
2. Definitions:
A. "Bon:;e" roans the local improvetwnt district bonds pro-
vided for in Section V of the Ordinance.
B. "Bond Fund" meara the 'Local Improvelment fund, District
No. 314" treated and estahlivhed in the office of the
City Finance Director by Section VII of the Ordinance.
C. "District" means the City of Renton I,ocul rc:proveticnt
District No. 314.
D. •Improvoments" means thone improverrnts orderer) to be
installed and constructed by Section I of the Ordinance,
details of which nay be modified to the extent that, as
provided in Section I of the Ordinance, tho City council
Of the City may in its judgreent deem advi,,ablc provided
such n Aificaticn do not substantially alter the plan
of bench i rrovemcntra
t. "Letter of Credit" tt-an.+ each 1pttrr of credit issued and
to be issued pursuant to Section 4A of tics agreement, and
other4ise in form satisfactory to cauncn) to the City.
F. "urdinance" mans Ordin,,mec No. 3396 of the City passed
and epiroved January 14, 1980.
3. ;Facts:
A. The City, by the Ordinance, has created and established
0c, Vir:tr(ct pursuant to chapter 35.43, Revised Code of
iarsi,ingtun. Section VrI[ of the Ordinance provides in
part rs followni
"(t'lo call for bids shall br issued unless and
unti: th^'r!! is, to the sole satisfaction of the
City Cou;,, it lexurossed by a resolution passed by a
mnjcrity thereof), provision for sufficient supplt-
r* ntal fundn or credit for the benefit of the
(Local Smprovementl District (No. 314 of the Cityl
to insure the marketability of the warrants author-
ized and bonds provided for by Section V hereof."
B. The purpose of this agreement is to provide the assurance
required by the City by reason of that portion of the
ordinance quoted in subsection 3A of this agreement,
above, and at the same time provide assurance of market-
ability of the Bonds, without which assurance Seattle-
Northwest would be unwilling to agree to make a bona fide
offer to purchase the Bonds.
4. Agreements and Undertakipast in considetation of the follow-
ing mutuai A- eements nnd_undertakings, the parties hereto agree as
follows:
A, fasuance of Letters of Credit
Metro shall cause to be issued by a United States
national banking association no later than forty (40) days
following confirmation by the City council of the Assess-
ment roll for the District an irrevocable Letter of Credit
In an amount equal to (but which may be more than) twenty-
four percent (24%) of the then unpaid balanc- of the
assessment upon property owned by Metro for a term of at
least one year but in any event renewable through the
sixth (6th) anniversary of the date of the Rohds, in favor
of "City of Renton for the account of Local improvement
Fund, District No. 314" as beneficiary which shall provide
that the Only documents against which payment is to tie
made shall be a draft of the city and a Certificate, each
of which shall be signed by the City Finance Pirector or
his successor, in the certificate certifying any of the
followin)z
i. Thera In a delinquency in an assessment or part
thereof for tho District upon property owned by
Metro At the time of such delinquency, or
ii. There remain twenty (20) or less calendar days
of the remaining term of the subject Letter of
Credit lexrept that this condition if. shall
not apply during or after the last twenty (201
days of the six (6) year term specified above).
In the event that any Letter Of Credit is issued for a
term expiring sooner than that required above, Metro
shall cause to he renewed or replace such res)+ective
Letter of Credit no later then twenty days prior to the
expiration of their respective Letter of Credit then
outstanding.
Reduction of the ammunt of any Letter of Credit shall be
effected only by pro rate redu-lion in the term Of a
replacement Letter of Credit for A Letter of Credit
against which no draft has by then been pr",,ntcd, and no
such reduction shall reduce the cumulative amount of the
outstandinq Letter of Credit of Metro to less than
2
twenty-four percent (14%) of the unpaid aggregate print .-
pal balance of District assessm(:nts upon land within the
District owned by Metro.
H, Purchase and Sale of the Hands
,Seattle-Northweat. covenants and eirees to present to the
City on or before forty-five (65) days following confirma-
tion by the City Council of the asaessment roll for the
District a bona fide offer to purchase the Dondu under
the following terms and conditional
I. The purchase price shall be par, plus accrued
Interest to the date of delivery.
fi. The bonds shall be term or serial bonds,
having a last maturity twelve years, from the
dated dte.
iii. The Bonds shN11 be bearer coupon bonds in the
amount of $5,000 each, except for bond No. 1
which may br a different denomination, the
total principal amount of which shall be the
maximum laeful amount the City may issue
under applicable law, reduced only by such
amount as may be necessary to assure, in the
opii,ion of Roberts, Shefelman, Lawrence, Gay
6 Hoch, the exemption of interest on the
Bonds from f-deral income taxation,
iv. Leceipt of an unqualified approving legal
opinlon of Roberts, Shefelman, Lawrence, Gay
i Hoch with respect to the validity of the
Bonds and that interest in the bonds is
exempt from federal income taxation dated
the date of delivery of the Bands.
V. Receipt of a signature identification and
no-litigation certificate in usual form
executed by the City Clerk and dated the
(late of delivery of the Bonds.
vi. That. the Letters of. Credit requested to be
issued pursuant to this agreement are isaaed,
outstanding, and held by the City.
vii. Passage by the City of an ordinance authoriz-
ing the issuance of the Bonds in conformity
with law and this agreement, which shalt pro-
vide in addition for copies of all notices of
call of the Bonds prior to maturity to be
furnished to Seattle-Northwest contemporane-
ously with publication thereof.
viii. The Bonds shall be printed and delivered to
SMnttle-Northwest, and bond counsel's opinion
furnished, all at the City's expense, within
60 days of expiration of the statutory pre-
payment period applicable o the assessment
roll for the District, but the date of
- 3 -
delivery of the Donds to Seattle-Northwest
may by agreement by and between the ttcy and
Seattle-Northwest only, extend the date of
delivery an additional 30 days.
ix. The Bonds shall bear an interest rate to to
negotiated between the City and Seattle-
Northwest at the expiration of the statutory
prepayment period referred to in viii, ab',ve.
x. Such terms and conditions as shall at the
time for making such offer be usual or
appropriate in the underwriting industry
applicable to the Seattle, Washington area.
xi . Such other terms and conditions as Saattle-
Northwest may reasonably require to assure
the marketability of the Bonds.
C. Optioq.of the Cit_ytp, Accalerate_Poraclosu_re
The City shall have the right and option, but under no
circumstances shall the City be bound in law or equity to
exercise such right and option, to accelerate and foreclose
as may now or hereafter be provided by law, immediately
upon delinquency in payment of any principal installment
Of any assessment for the District., and interest thereon,
or as soon thereafter as may now Ot hereafter be permitted
by law, as to which time and the Ci�y's right to exercise
its right to accelerate such foreclosure without obligation
to do so are of the essence. No exercise of this right or
Option shall, if subsequently held to be invalid, e • as
an election on the part of the City barring it from other-
wise proceeding at law or in equity to foreclose in any
other manner or at any other time or times whatsoever.
�. Notice$: Any and all notices, deman,3s, or other communicaticus
between th'e parties hereto, which shall not include any demand or
dit shall
presentment
n under
ffectiveonlyif in writing tand when Lreceived ate the,
addressbof
the addressee at its address first above set forth, except that any
party may by notice ao given furnish notice that a different
address shall thenceforth apply to it for receipt of notice.
6 Naiver of Subrogation: Metro hereby irrevocably waives any
right of" subrogatiou whatsoever in or to any legal or equitable
right the City may now or hereafter have against any person whose
property is within the District and nu: jact to its assessments,arising out of or under any payment macs,:- or to he matle pursuant to
any Let- ir of Credit. The failure or refusal of the City to enforor
any right against Metro, or any Letter of Credit, shall not bar or
constitute any defense, offset or counterclaim to any action by the
City hereunder, under any Letter of Credit, or under any power or
authority the City may now or hereafter have.
7. Amend,nent$: This agreement may be amended only in writing by
all p`artiea-7-iereto provided such amendment delivered prior to issasnce of the Bonds. fa fully executed and
Thereafter, the holders
of. the Bonds shall be deemed to be parties hereto for purposes of
_ 4
this agreement antil expiration or exhaustion by exerCine of the
last Getter of Credit outstan4ing.
DATED this day of . 1980.
CITY OP RE.NTON
HY
Its Mayor
ATTEST:
Its Cfty Clerk _
METRO INDUSTRIAL, DISTRICT,
INCORPORATED
RY
Its Pr Cs;Uent
And by _�.�.._....�
Its Secretary
ATTEST
SEATTI,S-NORTHWEST SECURITIES
CORPORATION
By .te Preaidenc
And by
AGREEMENT
1. partiesi
A. City of Renton (the "City") , a Code city and municipal
corpotation of the Ftate of Washington, whose addreso for
purposes hereof is Municipal Building, 200 Mill Avenue
South, Renton, Washington 98055;
B. Broadacres, Inc. (with its successors a,,,, assignn "Broad-
acres"), a Washington corporation, whose address for pur-
poses hereof is 653 Skinner Building, Seattle, Washington
98101;
C. :eattle-Northwest Securities Corporation (with its succes-
sors and assigns "Seattle-Northwest"), a Washington corpo--
ration, whose ad'cess for purposes hereof is 1000 Logan
Building, Fifth and Union, Seattle, Washington 98)04;
2. ❑efinitions:
A. "Bonds" means the local improvement district bonds pro-
vided for in Section V of the Ordinance.
D. "Bond Fuse" means the "Local Improvement Fund, District
No. 314" created and established in the office of the
City F'inan a Director by Section VII of the Ordinance.
C. "District" .ns the City of Renton Local Improvement
District 314.
D. "Improvements" means those improvements ordered to be
installed and constructed by Section I of the Ordinance,
details of which may be modified to the extent that, as
provided in Section I of the Ordinance, the City Council
of the City may in its judgment deem advisable provid-dd
such modifications do not substantially alter the plan
of such improvem nts.
E. "Letter of Credit" means each letter of credit issued anu
to be issued pursuant to Section 4A of this agreement, and
otherwise In form satisfactory to coun�.el to the City.
F. "ordinance" means Ordinance No. 3396 of the City passed
and approved January 14, 1980.
3. Facts
A. The City, by the Ordinance, has created and establi:+hed
the District pursuant to chapter 35.43, Revised Code of
Washington. Section VIII of the Ordinance provides in
part as follows:
" INjo call for bids steal. be• issued unless and
until there is, to the sole satisfaction of the
City Council (expressed by resolu, ion passed by a
majority thereof), p-uvi -ion for sufficient supple-
mental funds or credit for the benefit of the
[Local Improvement) District [No. 314 of the CitYl
to insure the marketability of the warrants author-
ized and bonds provided for by Section V hereof.."
S. The Durpose of this agreement is to provide the assurance
required by the City by r<ason of that portion of the
Ordinance quoted in subse(above, and at the same time provide'aon 3A f assonanc thil agreement,of market-
ability of the Bonds, without which assurance Seattle-
Northwest would bettnewilling Bonds. of the to agree to make a bona fide
Jffer to purchase
4, pgtee?ents and_Undertakin�sc In consideration
era heretu agree as
ing mut..:;:1 agreements and undertakings, parties
fo.lows:
A. Issuance of Letters of Credit
Broadacres shall cause to be issued by a United States
national banking association no later than forty (40) days
following confirmation by the City Council of the assess-
inam amount the Distrlequal to (but which ct an r may be l more[than)ter f twenty-
in
four percent (2 t9) ,oertheo nod bypBroadaerese of for ah term of
assessment upon r P Y
at least one year but in any event renewable through '.he
ofx-,Cityt of itentonr for the account t of Lncal tile B andr,, in favor
Of the da Improvement
Fund, District No. 314" ae beneficiary which shalto bevide
that the only d-cuments against which payment
is made shall oe z draft of the City and a certificate, each
of which shall be signed b•; the City F4nance Director Of Or
his successor, in th^_ certificate certifying a^1
foll-,wing:
i. There is a delinquency in all asseet'srtyt owned Part
thereof for the District up P p-
Broadacres at the time of suci, delinquency, of
ii. There remain twenty (20) or less calendar days
of the r:.;gaining term of the subject Letter of
Credit [except that sfterhis condition
last twenty
not apply during
ix (6) year term specified above"
days of the r,
iss
d for a
In the event that ally than that of required[abovc`,e Broad-cre.
term expiring
shall cause to be renewed or replace such re,�b�ecttve
the
it no later than twenty da
eLet-ter of xpirationofdtheir respective 1.etter o.`1� edit then
outstanding. an I,ettf
edit
Reduction of the amourate f reducttone inw then form ofa l b�a
effected only by pro
replacement Letter of Credit fo. Letter of presented,[and no
against which no draft hjs by thenn been presented,
teduction shall reduce tl.e cumulative amount of the
outstanding Letter o� Credit of Broadacres to les:3 than
2
.%
Jr.� • A `
it' �
twenty-four percent (246) of the unpaid aggregate princi-
pal balance of District assessments upon land within the
District owned by Broadacres.
B. Purchase and Sale of the Bonds
Seattle-Northwest covenants and agrees to present to the
City on or before forty-five 145) day:, following confirma-
tion by the City Council of the assessment roll for the
trict a bona fide off r to purchase the Bonds under
the following terms and conditions:
i. The purchase price shall be par, plus accrued
interest to the date of delivery.
ii. The Bonds shall be term or serial bonds,
having a last maturity twelve years from the
dated date.
:ri. The bonds shall be bearer coupon bonds in the
amount of $5,000 each, except for Bond No. 1
which nay be a different denomination, the
total principal amount of which shall be the
maximum lawful amount the City may issue
under applicable law, reduced only by such
amount as may be necessary to assure, in the
opinion of Roberts, Shefelman, Lawrence, Gay
i Much, the exemption of interest on the
Bonds from federal income taxation.
iv. Receipt of an unqualifi.:d approving legal
opinion of Roberts, Shefelman, Lawrence, Gay
i Much with respect to the validity of the
Bonds and that interest in the Bonds is
exempt from federal income taxation dated
the date of delivery of the Bonds.
v. Re-eipt of a signature identification ar,,�
no-litigation certificate in usual form
executeo by the City Clerk and dated the
date of delivery of the Bonds.
vi. That the Letters of Credit requested to be
issued pursuant to this agreement are issued,
outstanding, and held by the City.
vii. Passage by the City of an ordinance authoriz-
ing the iss.ance the Bonds in conformity
with law and t"i:, agreement, Viich sha. pro-
vide in addition :or cohiea of all notices of
call of the Bonds prior to maturity to be
furnished to Seattle-Northwest contemporane-
ously with pu' licatica therecc.
viii . The Bonds shall be printed and delivered to
Seattle-Northwest, and bond counsel's opinion
furnished, all at the City's expense, within
60 days of expiration of the statutorY pre-
payme:it period applicable to the assessment.
roll to: the District, but the date of
- 3 -
delivery of the Bonds to Seattle-Northwest
may by agreement by and between the City and
deliveryNantadditional 30xtcnd the date of
days,
ix. The t,onds shall bear an interest Srate to be
negotiated between tile City and
tie
Northwest at the expiration of the statutory
prepayment period referred to in viii, above.
X. Such terns and conditions as shall at the
time F•r making such offer be usual or
appropriate in the underwritir,g industry
applicable to the Seattle, Washington area.
xi. Such other terms and conditions as Seattle-
Northwest may reasonably require to assure
the marketability of the Bonds.
C. Option of the Cltytq. .cglerate_FOreclosure
The City shall have the right and option, but under no
circumstances shall the City be bourd in law or equity to
e and
exercise such right and option, to acceleratimm=diatelylose
as may now or hereafter be
proof any by law,
principal installment
upon delinquency in payment
of any assessment for the District, and interest thereon,
or as soon hereafter as may now or hereafter he Ferm+tted
by law, as to which tine and the City's right to exercise
its right to accelerate such foreclosure without obligation
to do so are of the cs.rence. to exercise of this right or
option shall, if subsequently held to bt- invalid, act as
an election on the part of the City barring it from othar-
wisn3 at law Or in e at any other tequity
ort tim�se
close in any
other manne whatsoever-
S. Notices_: Any and all notices, d,mands, or other com=nicetions
between the parties hereto, which shall not include airy demand or
presentment under or pursuant to any Getter of Credit, shall be
effc rti•.e only if in writing and when ,,,
at the address of
the addressee at its address fitst above set Earth, except that any
party may by notice so given furnish notice that a different
address shall thenceforth apply to it for receipt of notice.
5, Waive.* of Subro at ion: Broadacres hereby irrevocably waives
I yhtithe Cityl Or
umaygr oorwRereafter havhatsoevur in aragains to yr any aperson gwhose
le
property is within the Distric lend yit madee or to bect to s madees pursuant to
arising out of or under any pay
any Letter of Credit. The failure or refusal of the City to
enforce any right against Broadccres, or any Letter of Credit,
shall not Rby or the constitute
hereunder, under any of.set or tCredit. or to
any rcaion by
under any power or aath,>r its the City may now or hereafter mve•
in
7, Amendments- This agree sucit h amendmen be t•isPfullyyexecutcdiandd}
all parties"hereto p the holders
delivered prior to issuance of the parties hereto ffor�purpuses of
of the Bonds shall be dee7ed to be p
- 4 -
this agreement until expiration or exhaustion by exercise of the
last Letter of Credit outstanding.
DATED this ____ day of . 19Ru.
CITY OF RENTON
By
Its Mayor
ATTEST:
Its City C1eEk�—^- - - --
gROADt-PPS, INC-
by
Its President
Anal by .—
ItBSecre'tary
SEATTLE-NORTHWEST SECURITIES
CORPORATION
By ---__..-.-___ .
Yts Prea�c�ent
A Y
Its Secretary
- 5 -
AGREEMENT
1. Parties:
A. City of Renton (the "City") , a Cod,: city acd municipal
corporation of the State of Washington, whose address for
Purposes hereof is Municipal Building, 200 Mill Avenue
South, Renton, Washington 98055;
B. Mobil Ot: Corporation (with its successors and assigns
"Mobil"), a Delaware corporation, whose address for pur-
poses hereof is 612 Flower Street, Los Angeles, Califor:>ia
90017;
C. Seattle-Northwest Securities Corporation (with its succes-
sors and assigns "Seattle-'northwest"), a Washington corpo-
ration, whose addres� fs, purposes hereof is 1000 Logan
Building, Fifth and Union, Seattle, Washington 98104,
2. Definitions:
A. "Bonds" means the local. improvement district Lor.ss pro-
vided for in Section V of the Ordinance.
B. "Bond Fund" means the "Local Improvement Fund, District
No. 314" created and established in the office of the
City Finance Director by Section VII of the Ordinance.
C. "District" means the City of Renton Local Improvement
District No. 314.
D. "Improvements" means those improvements ordered to be
installed and cons rutted by Section I of the Ordinance,
details of which may be moditied to the extent that, as
provided in Section I of the Ordinance, the City Council
Of the City may in its judgment Seem advisable provided
such modificatio:is do not substantially :Ater the pla.�
of such improvements.
C. "Lettet of Credit" means en:h letter of credit issued and
to be issued pursuant to Section 4A of this agreement, and
otherwise in form satisfactory to counsel to the City.
F. "Ordinance" means 0rlinance No. 3396 of the City passed
and approved January 14, 1980.
3. Fac-st The City, by the OrJinance, has created and established
the District pursuant to chapter 35.43, Revised Code of
Washington. Section VIII of the Ordinance provides in
past as follows:
"(N)o call for bids shall be issued unless and
until there is, to the sole satisfaction of the
City Council (expressed by a resolution passed by a
majority thereoc), provision for suffi, ient supple-
r..antal funds or credit for the benefit of the
]Local Improvement] District ko. 314 of the City)
to insure the marketability of the warrants author-
ized and bonds provided for by Section V hereof.'
B. The purpose of this agreement is to provide the assurance
required by the City by reason of that portion of the
Ordinance quoted in subsecticn 3A of this agreement,
above, and at the same time provide assurance of market-
ability of the Dond-, without which assurance Seattle-
Northwest w�vld be unwilling to agree to make a bona fide
offer to pur_hase the Bor,us.
4. Agreene a and Undetakings; In consideration of the follow-
ing mutu a3'ayt cements anc( iin_& akings, the parties hereto agree as
follows:
k.. Issuance of Letters of Credit
Mot-il shall cause to be issued by a United States
national banking association no later than forty (40) days
following confirmation by the City Council of the assess-
ment roll for the District an irrevocable Letter of Credit
in an amount equal to (but which may be more than) twenty-
four percent (24%) of the then unpaid balance of the
assessment upon property owned by Mobil for a term of at
least one year but in any event renewable through the
sixth t6th) anniver�.nry of the date of the Bonds, in favor
Of "City of Renton for the account of Local Improvement
Fu10, nistrict No. 314" a,, beneficiary which shall provide
that the only doc�unents against which payment is to be
made shall be a draft of the City and a certificate, each
of which shall be signed by the City Finance Director or
his successor, in the certificate certifying a^Y of the
fol low in
1. There is a delinquency in an assessment or part
thereof for the District upon property owned by
Mobil at the time of such delinquency, or
ii. There remain twenty (20) or as calendar days
of the remaining term of the subject Letter of
Credit (except that this condition ii. shall
not apply during or after the last twenty (20)
days of the six (6) year term specified above] .
In tha event that any Letter of credit is issued for e
term expiring sooner than that required above, Mobil shall
cause to be renewed or replace such respective Letter of
Credit no later than twenty days prior to the expiration
of their respective Letter of Credit then outstanding.
Reduction of the amoant of any Letter of Credit sh. '1 be
effected only by pro rdta reduction in the form of 3
replacement Letter of Credit for a Letter of Credit
against which �.o draft has by then been presented, and no
such reduction shall reduce the cumulative amount of the
outstanding Letter of Credit of Mobil to less than
- 2 -
Y
twenty-four percent (24%) of the unpaid aggregate princi-
pal balance of District assessments upon land within the
District owned by Mobil.
B. Pirchase and Sale of the Bonds
Seattle-Northwest covenants and agrees to present to the
City on or before forty-five (45) days following confirma-
tion by the City Council of the assessment roll for the
District a bona fide offer to purchase the Bonds under
the following terms and conditions:
i. The purchase price shall be par, plus accrued
interest to the date of delivery.
ii. The Bonds shall be term or serial bonds,
having a last maturity twelve years from the
dated date.
Ill. The Bonds shall to bearer coupon bonds in the
amount of $5,000 each, except for Bond No, l
which may be a different denomination, the
total principal amount of which shall be the
maximum lawful amount the City may issue
under applicable law, reduced only by such
amount as may be necessary to asst,re, in the
opinion of Roberts, Shefelman, Lawrence, Gay
S Much, the exemption of interest on the
Bonds from federal income taxation.
iv. Receipt of an unqualified approving legal
opinion of Roberts, Shefelman, Lawrence, Gay
a Moch with respect to the validity of the
Beads and that interest in the Bonds is
exempt from federal incov,� taxation dated
the date of delivery of the Bonds.
v. Receipt of a signature identificatioL, and
no litigation certificate in usual form
executed by the City Clerk and dated the
dace of delivery of the Bonds.
vi. That the Letters of credit regoeste,? to be
issued pursuant to this agreement are issues',
outstanding, and held by the City.
vii. Passage by the City of an ordinance authoriz-
ing the issuance of the Bonds in conformity
with law and this agreement, which shall pro-
vide in addition for copies of all noticen of
call of the Bonds prior to maturity to be
furnisht^a to Seattle-Northwe&L c,�,,tempor ;ne-
ously with publication thereof.
viii. The Donds shall be printed and delivrrtd to
Seattle-Northwest, and bona counsel's opinion
furnished, all at the City's expense, withic
b0 days of expiration of the statutory pr,..
payment period applicable to thn assessm-nt
roll for the District, but the data of
3 -
delivery of the Bonds to Seattle-Northwest
may by agreement by and between the City and
Seattle-Northwest only, extend the date of
delivery an additional 30 days.
ix. The Dond= shall Lear an interest rate to be
negotiated between the City and Seattle-
Northwest at the expiration of the st....�utory
prepayment period referred to in vii: , above.
K. Such terms and conditions as shall at the
time f,r making such offer be usual or
appropriate in the underwriting industry
applicable to the Seattle, Washington area.
Xi. Such other terms and conditions as Seattle-
Northwest may reasonably require to assure
the marketability of the Bonds.
C. Optio,i of the Ci�to Aecelec�te Foreclosure
Tt.e City shall have the righP and option, but under no
circumstances shall the City be bound in law or equity to
exercise such right and option, to accelerate and r reclose
as may now or hereafter be provided by les, immediately
upon delinquency in payment of any principal insueliment
of any assessment for the DI-t.rict, and interest thereon,
or et. goon thereafter as may now or hereafter be permitted
by law, as to which time and the City's right to exercise
its right to accelerate such foreclosure -ithout obligation
to do so are of the essence. No :xercise of this right or
option shell, if subsequently held to be invalid, act as
an election on the part of the City barring it from other-
wise proceedin at law or in eq,aity to foreclose in any
other manner or at an, other time or times whatsoever.
5. Notices: Any and all notices, demands, or other commvnicatioi.
betweiiFfhe parties hereto, which shall net include any demand or
presentment under or pursuant to any Letter of Credit, shall be
effective only if in writing and when received at the address of
the addressee at its address first above set forth, except that any
party may by notice so given furnish notice that a different
address shall thenceforth apply to it for receipt of notice.
6. Waiver of Subrogation: Mobil hereby irrevocably waives any
right of id6rogatTon what.oever in or to any legal or equitable
right the City may now or hereafter have against any person wllo c
property is within the District and subject to its assessment ,
arising out of or under any payment made or to be made pursuant to
any Letter of Credit. The failure or refusal of the City to
enforce any right against Mobil, or any %otter of Credit, shall not
bar or constitute any defense, offset or counterclaim to any action
by the City horounder, under any Letter of Credit, or under any
power or authority the City may now or hereafter have.
7. Amenlm.mts: This agreement may be amended only in writing by
all pTriiei'Neieto provided such amendment is fully exe--ted and
delivered prior to issuance of the Bonds. Thereafter, the hoiders
of the Bondn shall be deemed to he partirt hereto for purposes of
4
this agreement until expiration or exhaustion by exercise of the
last Letter of Credit outstanding.
MiTED this _. day of _ _ _._ 1980.
CITY OF RENTON
BY
Ita
A^.TFST:
MOBIL. OIL CORPORATION
RY
Its
ATTEST:
It s__..._____ ._ ._...._..._._.. .._..
W-TV -N FVHWEST SECURITIES
CORPOAATIJN
BY
�tsFce=iden[
And by
Ite Secretary
- 5 -
AGREEMENT
1. Parties•
A. City of Renton (the "City"). a Code city and municipal
corporation of Vie Stare of Washington, whose address for
purposes hereof it Municipal Building, 200 Mill Avenue
South, Renton, Washington 98055;
R. Glacier Park Company (with its successors anG assigns
"Glacier"), a Minnesota corporation, whose address for
purposes hereof is 176 East Fifth Street, St. Paul,
Minnesota 55101;
C. Seattle-Northwest Securities Corporation (with its succes-
sors and assigns "Seattle-Northwest"), a Washington corpo-
ration, whose address for purposes hereof is 1000 Logan
Building, Fifth and Union, Seattle, Washington 98104;
2. Definitians:
A. "Bonds" means the local improvement district bonds pro-
vided for in Section V of the Ordinanc(�.
S. "Rand Fund" moans the "Local Improvement Fund, District
No. 314" created and established in the office of the
City Finance Director by Section VII of the Ordinance.
C. "District" means the City of Renton Local Improvement
District No. 314.
D. "Improvements" means those improvements orde'.e.: to be
installed and constructed by Section I of the Ordinance,
details of which may be modified to the extent that, as
provided in Section I of the Ordinance, the City Council
of the City may in its )udgment deem advisable provided
such modifications do not substantially alter the plan
of such improvements.
E. "Letter of Credit" means each letter of Credit issued and
tr be issued pursuant to Section 4A of this agreement, and
o,nerwise in form satisfactory to counsel to the City.
F. "Ordinance" means Ordinance No. 3396 of the City passed
and epproved January 14, 1980.
3. Fact
A. The City, by the Ordinance, has created and established
the District pursuant to chapter 35.43, Revised Code of
Washinqton. Section VIII of the ordirince provides in
part as follows:
"(N)o call for bids shall be issued unless and
until there is, to the sole satisfaction of the
city Council (expressed by a resolution passed by a
majority thereof), provision for sufficient supple-
mental fonds or credit `.or the benefit of the
)Local Improvement) Dist ict )No. 314 of the City]
to insure the marketability of the warrants author-
ized and bonds provided for by Section v hereof."
B. The purpose. of this agreement is to provide the assurance
required by the City by reason of that portion of the
Ordinance quoted in sub_;ectinn 3A of this agreement,
above, and at the same time provide assurance of market-
ability of the Bonds, without which assurance Seattle-
Northwest would be unwilling to agree to make a bona fide
offer to purchase the Bonds.
�. Agreements and Undertakings: In consideration of the follow-
ing mutuaTagreements and unakings, the parties hereto agree as
follows:
A. Issuance of Letters of Credit
Glacier shall cause to be issued by a United States
national banking association nn later than forty (40) days
following confirmation by the City Council of the ass,-ss-
ment roll for the District an irrevocable Lettcr of Credit
in an amount equal to (but which may he more than) twenty-
four percent (24%) of the then urpaid balance of the
assessment upon property; owned by Glacier for a term of at
least one year but in and event renewable through the
sixth (6th) anniversary of the date of the Bonds, in favor
of "City of Renton for the account of Local Improvement
Fun,., District No. 314" as beneficiary which shall provide
that the only documents against which payment it; to be
made shall be a draft of the City and a certificate, each
of which shall be signed by the City Finance Director or
his successor, in the certificate certifying 1tpX of the
followings
1. There is a delinquency in an assess—sit or part
thereof for the District upon property owned by
Glacier at the time of such delinquency, or
it. There remain twenty 120) or Ivss calends, days
of the remaining term ef the subject Letter of
Credit lexcept that this condition ii, shall
not apply during or after the last twenty (20)
days of the si (6) year term specified shovel.
In the event that any Lettet of Credit is issued for a
term expiring sooner than that required above, Glacier
shall cause to be renewed or replace such respective
Lett-c of Credit no later than twenty days prior to the
expiration of their respective Letter of Credit then
outstanding.
Reduction of the amount of any Letter of Credit shall be
effected only by pro rats reductie- in the form of a
replacement Letter of Credit for a letter of Credit
against which no draft. has by then been presented, and no
such reduction shall reduce the cumulative amount of the
outstanding Letter of Credit of Glacier to less than
2 -
twenty-four percent (24%) of tht unpaid a gregate princi-
pal balance of District assessments upon land within the
District owned by Glacier.
B. Purchase and Sale_of the Bonds
Seattle-Northwest covenants and agrees to present to the
City on or before forty-five (45) days following confirma-
tion by the City Council of the assessment roll for the
District a bona fide offer to purchase the Bonds under
the following terms and conditions:
i. The purchase price shall be par, plus accrued
interest to the date of delivery.
ii. The Bonds shall oe term or serial b, nas,
having a last maturity twelve years from the
dated date.
iii. The Bonds shall be bearer coupon bonds in the
amount of $5,000 each, except for Bond No. 1
wh:ch may be a different denomination, the
total principal. amount of which shall be the
maximum lawful amount the City may issue
under applicable law, reduced only by such
cmount as may be necessary to assure, in the
opinion of Rouerts, Shefelman, Lawrence, Gay
4 Moch, the exemption of interest on the
Bonds from federal income taxation.
iv. Receipt of an unqualified approving legal
opinion. of Roberts, Shefelman, Lawrence, Gay
i Moch with respect to the validity of the
Bonds and that interest in the Bonds is
exempt from federal income taxation dat 1
the date of delivery of the Bonds.
v. Receipt of a signature identification and
no-litigation certificate in usual form
executed by the City Clerk and dated the
date of delivery of the Bonds.
vi. That the Letters of Credit requested to be
issued pursuant to this agreement are issued,
outstanding, and held by the City.
vii. Passage by the City of an ordinance authoriz-
ing the issuance of the Bonds in conformity
with law and this agreement, which shall pro-
vide in addition for copies of all notices of
c„11 of the Bonds prior to maturit to be
furnished to Seattle-Northwest co, ' -..porane-
ouslywith publication thereof.
viii. The bonds shall be printed and delivered to
Seattle-Northwest, and bond counsel's opinion
furnished, a'l a, the City's expense, within
00 days of expiration of the statutory pre-
payment period applicable to the assessment
roll for the District, but the date of
- 3 -
delivery of the Bonds to Seattle-Northwest
may by agreement by and between the City and
Seattle-Northwest only, extend the date of
delivery an additional 30 Cays.
ix. The Bonds shall bear an interest rate to be
negotiated betwtcn the City and Seattle-
Northwest at the expiration of the statutory
prepayment period referred to in viii, above.
x. Such terms and conditions as shalt. at the
time for making such offer be usual or
appropriate in the underwriting industry
applicable to the Seattle, Washington area.
xi. Such other terms and conditions as Seattle-
Northwest may reasonably require to assure
the marketc' ility of the Bonds.
c. Gption of_the C_tI_to Accelerate Foreclosure
The City shall have the right and option, but under no
circumstances shall the City be bound in law or equity to
exercise such right and option, to accelerate and foreclose
as may now or hereafter be Frovided by law, immediately
upon delinquency in payment of any principal installment
of any assessment for the District, and interest thereon,
or as soon thereafter as may now or hereafter be permitted
by law, as to which time and the City's right to exercise
its right to accelerate such foreclosure without oblig..tion
to do so are of the essence. No exercise of this right or
option shall, if subsequently held to be invalid, act as
an election on the part of the City barring it from other-
wise proceeding at law or in equity to foreclose in any
other manner or at any other time or times whatsoever.
5. Notices: Any and all notices, demands, or other communications
between the parties hereto, which shall not include any demend or
presentment under or pursuant to any Letter of. Credit, shall be
effective only if in writing and when received at the address of
the addressee at its address first above set forth, oxcept that any
party may by notice so given furnish notice that a different
address shall thenceforth apply to it for receipt of notice.
6. Waiver of Subrogation: Glacier hereby irrevocably waives any
rightors7broyatioh whatsoever in or to any legal or equitable
right the Cicy may now or hereafter have against any person whose
property is within the District any subject to its assessments,
arising out of or under any payment made or to be made pursuant to
any Letter of Credit. The failure or refusal of the City to
enforce any right ay-� l.nst Glacier, or any Letter of Credit shall
not bar or corstitute any defense, offset or counterclaim Lo any
action by the City hereunder, under any Letter of Credit, or ui.der
any power or authority the City may now or hereafter have.
7. Amendments: This agreement may be amended only in writing by
cll provided such amendment is fully executed and
delivere' prior to issuance of the Bonds. Thereafter, the holders
of the B ,nds shall be deemed to be parties hereto for purposes of
4 -
this agreement until expiration or exhaustion by exercise of the
last Letter of Credit outstanding.
DATED this day of r 19E0.
CITY OF RF.Nrdt7
Dy
Its Mayor
ATTEST:
Its City Clerk
CLACIF:R PARK COMPANY
AY
Its President
ATTEST:
Its SecreE,cy �_
SEATTLE-NORTHWEST SECURITIES
CORP6dATION
By
Its President
And by
Ita Secretary
- 5 -
CITY OF RENTO.i, WASHINGTON
ORDINANCE No. 3396
AN ORDINANCE of the City of Renton, Washington,
ordering thx construction and installation of
sanitary sewers, water vain, fire hydrants, .:orbs,
gutters, sic _oalks, street lighting and all
neceasary 4ppurtenances in the vicinity of East
Valley Highway and S.W. 16th St. from SR 161 ramp
nort�erly a;.d weslarly to Lind Avenue S.W
RenLan, King County, Washington, all in accordance
with Resolution No. 2283 as amended by Resolution
No. 2299; providing the meth-d of assessment in
such distric..; providing that. payment for such
improvement be made oy special assessments upon
property in such district, payable by the mode
of "Payment of Bonds", or "Notes" in lieu
thereof as determined by the City Council; pro-
viding for the issuance and sale of local improve-
ment district warrants redeemable in cash and
local improvement district bonds or notes (LID
No. 314) .
WHEREAS by Resolution No. 2283 passed and approved on July 2,
1979, as amended by kesolut.ion No. 2299 dated September 24, 1979, the
City Council of the City of Renton, Washington (the "City") , declared
its intention to construct and install sanitary sewers, water main,
fire hydrants, curbs, gutters, storm drainaqe, paving, sidewalks,
street liq.;tinq and all necessary appurtenances in the vicinity of
East Valley Highway and S.W. 16th Street from SR 167 ramp northerly
and westerly to Lind Avenue S.W. , Renton, King Co..nty, Washington, and
fixed the Sth day of Novemb..r, 1979, in the City Council Chambers in
the >iur.iciaal Building, Renton, Washington, as the time and place for
hearing all matters relating to av,:h improvements and all objections
tnereto and for determining the mathau of payment fcr such improvements,
and such hearing was continued fro;, time to time; and
w NEREnS the Director of Public Works has caused an estimate
mace of the cost and expense of the proposed improvements and
has :ertified such estimates to the City Council, together with all
papers, data e.14 information in his possess•ir, relating to the proposed
improvetent, descriptit of the boundaries of the District, a statement
of what portion of the cost and expense should be borne by the properties
witi.in the proposed District, a statement in detail of the local
improve-meat assessments outstanding or unpaid against the property in
the proposed District, and a statement of the aggregate actual valuation
of the real estate, including 25% of the actna' valuation of the improve-
ments in the proposed District, accirding to the valuation last placed
upon it for the purpose, of general taxatianr and
WHEREAS such rstimate is accompanied by a diagram of tnc
proposed improvement showing thera'oa the lots, tracts, parcels of land
and other property which will be especially beneficed by the proposed
improvement, and the stimate-1 amount of the cost and expense thereof
to be borne by each lot, tract and parcel of land o: other property
within such District; and
WHEREAS due notice of the hearing upon each Local Improvement
District No. 314 was given In the menner provided by law, and such
hearing das duly held by the Cit}- Council and continued thereafter
to :arivu; ddte3 with thu final :,aarinl being at it.., reguldr vcJtury
on January 14. 1900, at the hour of A-00 P,M. , and the City cour^il
da' connidered all wt..tten protestu fi.ed with the City Courccl and
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all persons appearing at such hearing and the continuances thereof
were heard, and as a result of protests filed at the original hearing
an.'. continuations thereof the City Council ordered certa,n changes
in the scope and nature of the improvements and properties proposed
to be assessed and 3verruled all other protests received; and
WHEREAS at such hearing as continued the City Council has
given due considera .ion to the special beeafits to be received from
such proposed improvement by all of the properties to be included
within the proposed local imprrvemect district; and
WHEREAS the City Cor.ncil deems it in the best interest of
the City and of the owners of the property within the proposed local
improvement district that the improvements as hereinafter described
be carried out as hereinafter set, forth, and that a local improvement
district be created in connection therewith; NOW, THEREFOR*_:.
THE CITY COUNCIL OF ThE cITY OF RENTON, WASHINGTON, DO
ORDAIN as follows'
Section I. The following sanitary sewers, water main, fire
hydrants, curbs, gutters, storm d*ains, paving, sidewal.:'s, street
lighting and all necessary appurtenances shall be installed and
constructed in the vicinity of bast Valley Highway and S.'.. l6th
Street f-om SR 167 ramp westerly to Lind Avenue S.W. , Renton, King
�. ....c•; , :: , •I �-..:„ as more described ,,.,;-:.i t..,,,w.
w:! :
See Exhibit "A" attached hereto and mrde a edit hereof
as if :ully set forth herein.
1. 1
00
and there shall be included in the foregoing acquisition and installa-
tion of all necessary connection equipment and appurtenances, together
with the acquisition of any easements, rights-of-way and land that
may be required: and there shall be included the oerformance of
such work as may be incidental and necessary to the foregoing construc-
tion and irstallation.
The City Council may modify the details of the foregoing
described Improvement where, in its judgment, it appears advisable,
provided such modifications do not substantially alter the plan of
such improvement. All of the foregoing shall be in accordance with
the plans and specifications therefor to be prepared ty the Director
of Public Works.
Section 11. There is hereb•, established and created a
local improvement district to be called "Local Improvement District
No. 314 of the City of Renton, Washington" (the "District") , the
boundaries of the District being described as follows:
See Exhibit "B" attached hereto and made a part hereof
as if fully set forth herein.
Section III The estimated cost and expense of such improve-
ment is hereby declared to be approximately S5,6t0,000.00. The entire
cost and expense of such improvement, including the cost and expense
of all angineering, legal, inspection, advertising, publication of
,:;,ti:•es ind other expenses incidents; thereto, shall be borne by
and dasessed aaalnst the property specially benefited by such improve-
ment included in the District established. emk.racing, as near as may
te, all property specially benwfi_vd by such improvement.
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Section IV. The nature of the improvement provided for herein
is such that the special benefits conferred upon the property are
fairly reflected for construction of sanitary sewers, water main,
fire hydrants, curbs, gutters, storm draina.le, paving, sidewalks,
street lighting and all necessary appurtenances to be done on the
front footage basis, but adjusted for work neeued for special conditions
such as filling and bringing to grade, such cost to be assessed to
the abutting property owner on the basis of the actual cost of the
special work; and it is hereby provided and ordered that the assess-
ment shall be made against the property of the District in accordance
with such methods. All property included within the limits of the
District shall be considered to be the property specially benefited
by such local improvement and shall be the property to be assessed to
pay the cost and expense thereof as hereinabove specified.
Section V. Local improvement district warrants shall be
issued in payment of the cost anC. expense of t' e ii", -'+ �ment hsrein
ordered. Such warrants shall be payable out of the "Local Improve-
ment Fund, District No. 314" hereinafter created, to bear interest
from the date thereof at a rate to be fixed hereafter, but not to
exceed 15% per annum dad to be redeemed in cash and/or by local improve-
ment district bonds herein authorised to be issued, such interest-
bearing warrants to be hereafter referred to as "revenue warrants."
Such bands shall bear interest at a rate to be hereafter fixed but
not exceeding 15% per annumi 5hai1 be ;sayable on or before 17 years
from the date of issuance, the life of the improvement ordered being
not less than 17 years, and shall be issued in exchange for and in
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redemption of any and all revenue warrants issued hereunder anti not
redeemed in cash within a period not to exceed ninety (90) days after
the first publication by the Virectcr of Finance of notice that the
assessment roll for Local Improvement District No. 314 is in her hands
for collectioq. The bonds shall be redeemed by the collection of
special assessments to be levied and assessed upon the property within
the District , payable in 15 equal installments, with interest at a
rate to be fixed hereafter but not exceeding 151 ter aonum, and a
penalty in such amount as shall hereafter be set forth in the ordinance
aporoving and confirming the final assessment roll frn the District
which shall also oe colle:ted. The exact form, amount, date, interest
rate and denomination of such warrants and bonds shall be hereafter
fixed by ordinance of the City Council.
For those persons found by the City to be economically dis-
advantaged property owners or other persons who, under the terms of a
recorded contract of purchase, recorded nortlage, recorded deed of
trust transaction, or recorded lease are responsible under penalty of
forfeiture, foreclosure or default, the assessment levied fur the
improvements herein authorized may be deferred until a time precious
to the termination of the District under terms acceptable to the City
and upon assurance of proper security for the payment of such assess-
mer,ts. Such deferral shall not survive the ownership of interest of
. c: n:�m lca llg disadvantaged property owner or person to whom the
deferral was granted and it shall likewise not survive the sale,
transfer or other action which either terminates the possessory interest
of such property owner or person or which turns the property into
investment, rental or lease property.
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*s •0
Section VI. All the work necessary to be done in connection
with the making of such improvements shall be lone by and made by
contract upon competitive bids and the City shall ''eve and reserves
the right to reject any and all bids. The call fat bids for work
authorised pursuant to this ordinance shall include a statement that
Payment for such work will be made in cash warrants drawn upon the
"Local Improvement Fund, District No, 114."
Section VIZ. There is hereby created and established in
the Finance Director's Office of the City for the District a special
fund to be known and designated as "Loco: Improvement Fund, District
No. Ili" (the "LTD Fund"), into which fund shall be deposited the
Proceeds from the sale of revenue warrants drawn against such fund
which may be issued and sold by the "',ty and collections pertaining
to assessments, and against which fund shall be issued cash warrants
for the contractor or contractors in payment for the work to be done
by them in connection with such improvement and all other items of
expense in connection with such improveme.it,
Section VIII, The Public Works Director is hereby authorised
and directed to call for bids in the nanner provided by law for the
construction and installation of the Improvement■ authorized heroin.
No call for bids shall be issued unless and until there is, to the
sole satisfaction of the City council texpreesed by resolution passed
by 3 a; ,r:ty thereof) , provision for sufficient supplemental funds
or credit for the benefit of the Oistilct to insure the marketability
of the warrants authorised and bonds provided for b; Section v hereof.
.1.
Seution Ix. The City reserves the right to issue, in lieu
of bonds and warrants in payment of the cost and expense or the
aforesaid Local Improvement District, installment note or notes payabl'.
out of the LID Fund, pursuant to RCii 35.45.150, whenever such notes
or notes are sold exclusively to another fund of the City as an Invest-
ment thereof, and as further provided by law. Such installment note
or notes may be of any denomination or denominations, the aggregate
of which shall represent the balance of the cost and expense of the
District which is to be. borne by the property owners therein, and as
further provided by law.
PASSE!: BY THE CITY COUNCIL this 21st day of January, 1980.
APPROVED by the Mayor this
a� day of January, 1980.
��:a1Dmw� S�joth,
ITWiRARA Y. SliINP , Mayor
5u�uPx H
ApprJorvved as to form,
n ty tto�rney—
D.r tJe_of Public on, ii �(a_.'_E
-8-
' N �
EXHIBIT A
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17 of pieta, pa" 14 rohaN. at 0.4 Leant• Wtai^�,an aal tin ei" of
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of villa, ?ah. t.getb of .lot CM'• NMiMenn' is-CA ve 0.0, a
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,„ ix to tin ovttgelq ft. ",gla of t• site 1, s,.e.. +a "wail-ft, 1. t
,If Nhat liar "hII. W %At% it, to tin .ah:It i. rtw natal" v. l ta.' bee, totes
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*",her,? t. a li" N,v1161 .1th ana loi^ foot ohatMA, of to rwhavr,d At light
aaslp. ft. tin ao,otha+W, r/w it., of tg With St,: throe. e.Hrt i, slang Hill MF'liri
)tor to a itn, varell.l vith am 100 It. u"prl• of, as ,ad at right ...We.
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r,+`t "ties ft.. tit. nor U,er 1, If.",At. o! Sv ^!th 14.'. Thane. ~011Y algal
file "tallow It. 10 . Ile. N161101 ath ohA 'Or It. "it'll. of. /a v*~od at
light "It., ft—. the ".fail, II*oafplh of h.. W,Ilndtd. Northam glut-.l-war,
thane agaherty *I., late MraLla 'in, to a lit. Nt dIH VtO had G" It goate-
ed, of " .".,.A at light antler 1,a+ too •oar eft• d+ awrtlo at sw Slth St.:
,%.at, aanlad• 0.", .old raralto Win to a line "rail.: ,tt, aad e00 ft. ..Mrt,
of, at showred at rltht "&Its ft" ago wst"1, IN nitln of htt Palley 404,
thane •outha lr .Iwt aolo NealUl it,. to tin aor"ovlr N. rased. at So flat
11 ail the tnlalal. a/ solo MMIot". 3mt.wed beendete line,
*,,,at thane." ... witirl hint vithlo $told. . 16" tt0 It old*, faint 110
it, ha rxth sib of th. 11. at LIMA Avv. S., . 110 it. H14e so the 0411 .Igo of 1%.
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t;xetot- B
The proposed improvegWILS consist of:
The reconstruction of Southwest 15th Street frr Lind Avenue So
uthwest
to the East Valley Road and the East Valley Road from Southwest 16th
Street to Southwest alst Street. The complete new construction of
Southwest 19th Street from R.•imond Avenue Southwest to the East Valley
Road. The complete new constr, -lion of Southwest 27th Street from a
point ?00 feet East of the Burlington Yorthern Railroad right-of-wey
to the East Valley Road. Included in the above improvements are em-
bankment construction, paving, curt;, gutters, sidewalks, illumination
and enclosed drainage systems.
?. Construction of sanitary sewers in Southwest 16th Stree: frum Lind
Avenue Southwest to the East Valley Road; in Southwest 19th Street
to the East Valley Road; and in Southwest 27th Street from a point
200 feet Nest of the Burlington northern Railroad right-of-way to
the Metro trunk line in Valley Parkway and also from Lind Avewe
Southwest to the East Valley Road.
3 .Water mains and fire hydrants to Southwest 16th Street from Lind
Avenue Southwest to the East Valley Road; in the East Valley Road
from Southwest 16th Street to Southwest 19th Street and also from
' Southwest 23rd Street to Southwest 27th Street; in Southwest 19th
Street from Raymond Avenue Southwest to Lind Avenue Southwest; and
in Southwest 27th Street from a point 200 feet East of the Burling-
ton Northern Railroad right-of-way to ;he East Valley Road,
. N N
1, DELORES A. MEAD, City Clerk of the City of Renton,
Washington, heroby certify that the attached copy of Ordinance No.
3196 is a true and correct copy of the original ordinance passed
on the 21st day of January, 1900, as that ordinan_e appears on the
Minute book of the City.
DATED this 2 07 N day of January, 1980,
U ELF • MEA , C t�+ Olerk o�
the City of Renton, Wauhington
CITY OF REN,ro,r, WASHINGTON
ORDINANCE NO. 3396
AN ORDINANCE , 1 :he k Cy -it kvntc d, We nirytc,,,
ordering the cons suction and Installation of
sanitary sewers, water main, fire hydrants, curbs,
gutters, sidewalks, street lighting and all
neceusary appurtenances in the vicinity of East
Valley Highway and S.W. 16th St. from SR 167 ramp
northerly and westerly to Lind Avenue S.W. ,
Renton, King County, Washington, all in accordance
with Resolution No. 2283 as amended by Resolutior
No. 22991 providing the method of assessmaut in
such district; providing that pa-ment 'or such
improvement be made by special Asse"sr ants upon
property in such district, payable by the mode
of "Payment of Bonds", or "Notes" in lieu
thereof as determined by the City Councilr pro-
viding for the issuance and sale of local improve-
ment district warrants redeemable in cash and
local improvement district bonds or notes (LID
No. 314) .
WHEREAS by Resolution No. 2283 passed and approved on July 2,
1979, as amended by Resolution Ho. 2299 dated September 24, 19*79, the
City Council of the City of Renton, Washington (the "City") , declared
its intention to construct and install sanitary sewers, watt+ main,
fire hydrants, curbs, gutters, storm drainage, paving, sidewalks,
street lighting and all necessary appurtenances in the vicinity of
East Valley Highway end S.W. 16th Street from SR 167 ramp northerly
and westerly to Lind Avenue S.W. , Renton, King County, Washington, and
fixed the Sth day of November, 1979, in the City Council Cumbers in
the Municipal building, Renton, Washington, as the time and place for
hearinq all matters relating to such improvements and all objections
thereto and for determining the method of payment for such improvements,
and such hearing was continued from time to time; and
WHEP.EAb the Director of PubllC Works has caused in ea<imate
to as made of the cost and expense of the proposed improvements and
has certified such estimates to the City Council, together with all
papers, dots and information in his possession relating ..o the troposed
improvement, deucription of the boundariss of the District, a statement
of what portion of the cost and expense should be borne by th« properties
wit,��.in the proposed District, a statement in detail of the local
improvement assessments outstanding or unpaid against the propetty in
the proposed District, and a statement of the aggregate actual valuation
of the real estrte, including 25% of the actual valuation of the improve-
ments in the proposed District, according to the valuation last placed
upon it for the putposu of general taxationi and
WHEREAS such estimate is accompanied by a diagram of the
proposed improvement showing thereon the lots, tracts, l>areels of land
and other property which will be especially benefited by the proposed
improvement, and the estimated amount of tht, cost ono expense thereof
to ae borne by each lot, tract and parcel of land or other property
within such Districts and
WHEREAS due notice of the hearing upon each Local improvement
District No. 31• was given in the manner provided by law, and such
hearinq was duly hold by the City Council and continued thereafter•
:ark,= dates with the fn:al ..ua- .nq t:e _:r-, at rcqulat ce.�t.nq
on :anuary 14, 1900, at the hour of Bt00 P.'r. , and the City Council
du..,, considered all written protests fllsd with the City Council and
• • i • i
all persons appearing at Such hearing and the continuances thereof
were heard, and as a result of protests filed at the original hearing
and continuations thereof the City Council ordered certain changes
in the scope and nature of the improvements and properties proposed
to be assessed and overruled all other protests received; and
WHEREAS at such nearing as continued the City Council has
given due consideration to the special benefits to be received from
such proposed improvement by all of the properties to be included
within the proposed local improvement district; and
WHEREAS the City Council deems it in the beet interest of
the City and of the .owners of the property within the proposed local
improvement district that the improvements as hereinafter described
be carried out ae hereinafter set forth, and that a local improvement
district be created in connection therewith; NOW, THEREFOR£,
THE CITY COUNCIL. OF THE CITY OF RL"NTON, WASHINGTON, DO
ORDAIN as followat
Section 1. The following sanitary sawera, water main, fire
hydrant*, curbs, gutters, storm drains, paving, sidewalks, street
lighting and all necessary appurtenances shall be installed and
constructed in the vicinity of East Valley Highway and S.W. loth
Street from SR 167 ramp westerly to Lind Avenue S.W., Renton, Xing
�''unty, W.ihhtn•;ton, an more particularly described hor•�tntr lnw, �c•-
kit:
See Exhibit "A" attached hereto and mods a part hereof
as if fully set forth herein,
I-
and there shall be included in the foregoing acquisition and installa-
tion of all necessary connection equipment and appurtenances, together
with the acquisition of any easements, rights-of-way and land that
may be required; and there shall be included the performance of
such work as may be incidental and necessary to the foregoing construc-
tion and installation.
The City Council may modify the details of the toregoing
described Improvement where, in its l,idgment, it appears advisable,
provided such modifications do not substantially alter the plan of
such improvement. All of the foregoing shall be in accordance with
the plans and specifications therefor to be prepared by the Director
of public Works,
Section 11. There is hereby established and created a
local in.,,rovement district to be Called "iw,cal Improvement District
tin, 114 of the City of Renton, Washington` (the "District"), the
boundaries of the District being described as follows;
See Exhibit. "it" attached hereto and made a part hereof
as if fully set forth herein.
Section 111 The estimated cost and expense of such improve-
ment is hereby declared to be approximately 55,6t0,000.00. The entire
cost and expense of such improvement, including the cost and expense
of all engineering, legal, inspection, advertising, publication of
e sir ices ind other expense.4 incidental thereto, 8^•111 riN borne b;
awl assessed against the property specially benefited by such improve-
included in the District established, embra-,inq, as near as May
tv, all j�roperty specially benefited by such improvement.
-4=
Section IV. The nature of the improvement provided for herein
is such that the special benefits conferred upon the property are
fairly reflected for construction of sanitary sewers, water main,
fire hydrants, curns, gutters, storm drainage, paving, sidewalks,
street lighting and all necessary appurtenances to W1 done on the
front footage bosis, but adjusted for work needed fir special conditions
such as filling and bringing to grade, Such cost to be assessed to
the abutting property owner on the basis of the actual cost of the
special work; and it is hereby provided and ordered that the assess-
ment shall be made against the property of the District in accordance
with such methods. All property included within the limits of the
District shall be considered to be the property specially benefited
by such local improvement and shall be the property to be assessed to
pay rho cost and expense thereof as hereinsbove specified.
Section V. Local improvement district warrants shall be
issued in payment of the cost and expense of the improvement herein
ordered. Such warrants shall be payable out of the "Local Improve-
ment Fund, District No. 114" hereinafter created, to bear interest
from the date thereof at a rate to be fixed hereafter, but not to
exceed 15s per amwm and to be redeemed in cash and/or by local Improve-
ment district bonds herein authnrized to be issued, sucl• interest-
bearing warrants to be hereafter referred to as "revenue warrants."
Such bonds shall bear interest at a rate to be hereafter fixed but
n t ox,'eading 15% per innum, shall ov ;ay'eble on nr before 17 years
from the date of issuance, the life of the improvement ordered being
hot less than 17 years, and shall be issued U. exchange for and in
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• 0 •
redemption of any and all revenue warrants issued nereunder and not
redeemed in cash within a perioa not to ex_eed ninety (90) days after
the first publication by the Director of Finance of notice that the
assessment roll for Local Improvement District No. 314 is in her hands
for colloctic... The bonds shal. .,a redeemed by the collection of
special assessments to be levied and aaseased upon the property within
the District, payable In 15 equal installments, with interest at a
rate to be fixed hereafter but not exceeding 151 oer annum, and a
•penalty in such amount as shall hereafter be set forth in the ordinance
approving and confirming the final assessment roll for the District
which shall also be collected. The exact form amount, date, interest
rate and denomination of such warrants and bonds shall be hereafter
fixed by ordinance of the City Council.
For those persons found by the City to be economically dis-
advantaged property owners or other persons who, under the terms of a
recorded contract of purenase, recorded mortgage, recorded deed of
trust transaction, or recorded Jrzase are responsible under penalty of
forfeiture, foreclosure or default, the assessment levied for the
improvements herein authorized may be deferred until a time previous
to the termination of the District under terms acceptable to the City
and upon assurance of proper security for the payment of such assess-
ments. Such deferral shall not survive the ownership of interest of
the- .,conomically disadvantaged property owner or person to whom th•
deferral was granted and it ahali likewise not survive the sale,
transfer or other action which either terminates the possessory interest
of such property owner or person or which turns the property into
investment, rental or lease property.
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Section V1. All the work necessary to be done in connection
with the making of such improvements shall be done by and made by
contract upon competitive bids and the City shall have and reserves
tho right to reject any and all bids. The call for bids for work
authorized pursuant to this ordinance shall include a statement that
payment for such work will be made in cash warrants drawn upon the
"Lpl.al Improvement Fund, District No. 314."
Section V1I. There is hereby create.• and established in
the Finance Director's Office of the City :.,r the D strict a special
fund to be known and designated as "Local Improvement Fund, District
No. 114" (the "LID Find"), into which fund shall be deposited the
proceeds from the sale of revenue warrants drawn against such fund
which may be issued and sold by the City and collections pertaining
to assessments, and against which funs shall be issued cash warrants
for the contractor or contractors in payment for the -ork to be done
by them in connection with such improvement and all other items of
expense in connection with such improvement.
Section VIII. The Public Works Director is hereby authorized
and directed to call for bids in the manner provided by law for the
construction and installation of the improvements authorized herein.
No call for bids shall be issued unless and until there is, to the
sole satisfaction of the City Council (expressed by resolution passed
by a majority thereof) , provision for sufficient supplemental funds
or credit for the benefit of the District to insure the marketability
of the warrants authorized and bonds provided for by Section V hereof.
-7.
Section IX. The City reserves the right to issue, in lieu
of bonds and warrants in payment of the cost and expense of the
aforesaid Lccal Improvement District, installment note or notes payable
out of the LID Fund, pursuant to RCN 35.45. 150, whenever suct, notes
or t-tes are sold exclusively to another fund of the City as an invest-
ment thereof, and as further provided by law. Such installment note
or notes may be of any denomination or denominations, the aggregate
of which shall represent the balance of the cost and expense of the
District which is to be borne by the property owners therein, and as
further provided by law.
PASSED BY THE CITY COUNCIL/t�h�iss2lst day of January, 1980.
DLF ORF.SffA. NEAT Cit enCl arK
APPROVED by the Mayor this sr day of January, 1960.
/�RARA Y. SHINPQC%,Mayor
SNiuPOG•N
Approved-as to f rmi
Y n t Attorney
Date of Public . on=
-8-
YUtMI6iT I1
ldu .A •• -t SIOMlog
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Il .f Vitt., fit. !' ferord. of It" Caeltt! WAelh:'sn and the -let .f
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\.:,•^e i.ill riot., ra0.'i r".rde, of a1n6 Count' Wetly"'', 1,I1'. .w'Mr1Y Ad
-60% (f r'eeA71; .lttorly of Se-161 (IrasSay); wrtwrle of \ Site ytren.; and
_.r er ly oe too folloelna wartlttJ ho.ndae. itut.
.._Ann ley a in, Mter+rett.•; .! 'M oar C..•1,
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SW to the nor the,it r/. ataaa of S. 16th St.; t.—.., .0,et ee,t•rb in y
,•n'1'` iln. •ua.. M thin 1,. [a th. ♦aA fYt1. 'I. at," A, ,.N 1.., ` ; O'n.v
."tell. Along Alto ".then, rN Serlit. At S'. 161, St. to a Pit, gantlet^.Ito .v
120 it. ''Mitten .'. A. a•.our" at 'lase "I" fro& too Sost., r'. itas of LIM
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6W lent �..tn.r 1' ol, .A oa.aast At .1sht 4n634. Ira,, ". re ten"ix of, till, .!
hW I141, St thomf 'est.rl. Along old pe611a1 HIS, to re ttat'rl:" of to,owtd
hw, Set [tent. .wthnly '1411A olA rent arllw and I'm id '.""U" n,tr•!M
'noth.rly to A Ilne ....)let .'re, .nd Ad. fwt "Stoo'l, of . .ww,N At elhhe
analnt (rw lno .oe'hetly 'I. ilne of S\ 1911, St.; theta r.ttee ly A1w' ..II pnll.l
It., to . Iloe "'pilot .4th And 6" It. '.ru et l+ of, AA .. ,.,end A" „Aht
n, rh. l,,owly N. .nq'n .f ,heS..t bib\ hwdt teener. taaAr,I. .1 r, .to
.rnlbl Ime t. A It,. Pudld .11h Ana 600 it nottM.l. At- o I...."a A.
tea, the nor th.ely .I.wraln of SW Up, $1 teener webrly .tote
.Jd orAl lei it.. ten . it.. rAulbl "%1, And !00 ft, wa.rlr of, e. a...." At
ryht An6be fro., en. ... ..1, '1. aa"', of t1. Wrllnhran Mort>un PtAht-el-'a.:
theme o.'bdrly .long eA el ""Ilel it.. to A it. pnll.l Site, gad 600 it enn.e-
,fly eel .4 ....red At exam o9bt it., the .n.t'At%. N. "Tg%. 01 S. I'll I,.,
[home ea.terly Al"A uld '.fall*% line to a line oarali.i .it, And 600 /t. .,.'.'ly
of, A. aowr" At rlaht ordlo tea 'ne wturly r/. o.vik" sl In't \n Uey f,A
th..e. w�lMrly Alook, $old Pol.Ibl 1ir., to in* n.rtherl+ 'I' "it" of SW abr
S. Aw the t,oMos of Amid hantafa,. wetbrAd eoundef. lino.
L.epf In...fr. An. ",I%.. lying.Ithl. art'.. r Ian.' '10 It .,a., h.'.' 1t,,
It on e"N Aid. Af to. ri. .1 tend Aw S.; A U0 It- Auto a„n. '&" nl.. M rv.
'I. .f Hyaand A". See; IN It. &trip An wrh aid' of tM rl. At r. 1st` ate
etYt9 on
%no ,Vro 414f of f''Y 'i. ): �• 4'••.
09
EXHIBIT B
The p.,iposed improvements consist of;
The reconstruction of Southwest ILth Street from Linn Avenue Southwest
to the East Valley load and the East Valley Road from Southwest 16th
Street to Southwest 41st Street. The complete new construction of
Southwest 19th Street from Raymond Avenue Southwest to the East valley
Road. The complete new construction of South,m?st 27t:i Street from a
point 200 feet East rf the Burlington Northern Railroad right-of-way
to the East Valley Road. Included in thw above improvements are em-
bankment construction, paving, curbs, gutters, sidewalks, illuminathon
and enclosed drainage systems.
Construction of sanitary sewers in Southwest 16th Street from Lind
Avenue Southwest to the East Valley Road; in Southwest 19th Street
to the East Valley Road; and in Southwest 27th Street from a point
200 feet West of the Burlington Northern Railroad right-of-way to
the Metro trunk line in Valley Parkway and also from Lind Avenue
Southwest to the East Valley Road.
3. .Water mains and fire hydrants in Southwest 16th Street from Lind
Avenue Southwest to the East Valley Road; in the East Valley Roa,
from Southwest 16th Street to Southwest 19th Street and also from
' Southwest 23rd Street to Southwest 27th Street; in Southwest 19th
Street from Raymond Avenue Southwest to Lind Avenue Southwest; and
in Southwest 27th Street from a point 2C0 feet East of tht Burling
ton Northern Rsilroe.d right-of-way to toe East Valley Road.
1, DELORES A. MEAD, City Clerk of the City of Renton,
Washington, hereby certify that the attached copy of 6cdinance No.
3396 is a true and correct copy of the original ordinanct passed
on the 21st day of January, 1980, as that ordinance appears on the
Minute Rook of the City.
QrM
DATED this 22 day of January, 1980.
D`.L RFZ� .S A. MEA , C_t � C er o�—
the. City of Renton, Washington
CITY OF RLN=O , WAShINGTON
ORDINANCE NO. 3396
AN ORDINANCE of the City of Renton, Washington,
ordering the construction and installation of
sanitary sewers, water main, fire hydrants, curbs,
gutters, sidewalks, street lighting and all
necessary appurtenances in the vicinity of East.
Valley Highway and S.W. 16th St. from SR 167 ramp
northerly and westerly to Lind Avenue S.W. ,
Renton, King County, Washington, all in accordance
with Resolution No. 2283 as amended by Resolution
No. 2299; providing the method of assessment in
such district; providing that payment for such
improvement be made by special assessments upon
property in such district, payable by the mode
of "Payment of Bonds", or "Notes" in lieu
thereof as determined by the City Council; pro-
viding for the issuance and sale of local improve-
ment district warrants redeemabl^ in cash and
local improvement district bonds or notes (LID
No. 3141 .
WHEREAS by Resolution No. 2283 passed and approved on July 2,
1979, as amended by Resolution No. 2299 dated September 24, 1979, the
City Council of the City of Renton, Washington (the "City") , declared
its intention to construct and install sanitary sewers, water main,
fire hydrants, curbs, getters, storm drainage, paving, sidewalks,
street lighting and all necessary appurtenances in the vicinity of
East valley Highway and S.W. 16th Street from SR 167 ramp northerly
and westerly to Lind Avenue S.W. , Renton, King County, Washington, and
fixed the Sth day of November, 1979. in the City Council Chambers ii
the Municipal Building, Renton, Washington, as the time and place for
hearing all matters relating to such improvements and all objections
thereto and for determining the met;;od of pa}nnent for such improvements,
and such hearing was contirued from time to time; and
WHEREAS the Director of Public Works has caused an estimate
to be made of the cost and expense of the proposed improv<ments and
has certified such eatimates to the City Council, together with all
papers, data and information in his possession relating to the proposed
improvement, description of the boundaries of the District, a statement
of what portion of the cost and expense should be borne by the properties
within the proposed District, a statement in detail of the local
improvement assessments outstanding or unpaid against the property in
the proposed District, and a statement of the aggregate actual valuation
of the real estate, including 25% of the actual valuation of the improve-
ments in the proposed District, according to the valuation last placed
upon it for the purpose of general taxation; and
WHEREAS such estimate is accompanied by a diagram of the
proposed improvement showing thereon the lots, tracts, parcels of land
and other property which will be especially benefited by the proposed
improvement, and the estimated amount of the cost and expense thereof
to be borne by each lot, tract and parcel of lard or other property
within such Districts and
WHEREAS due notice of the hearing upon such Local Improvement
District No. 314 was given in the manner provided by law, and such
hearing was duly held by the City Council and continued thereafter
to �,ariuus dates with the final 1,uaring bo ng At. i= regular .cetlny
on `anuary 14, 1980, at the hour of 8:00 P.M. , and the City Council
duly considered all written protests filed with the City Council and
all persons appearing at such hearing and the continuances thereof
were heard, and as a result of protests filed at the original hearing
and continuations thereof the City Council ordered certain changes
in the scope and nature of the improvements and properties proposed
to br assessed and overruled all other protests received; and
WHEREAS at such hearinq as continued the City Council has
given due consideration to the special benefits to be received from
such proposed improvement by all of the properties to be included
within the proposed local improvement district; and
WHEREAS the City Council deems it in the best interest of
the City and of the owners of the property within the proposed local
improvement district that the improvements as hereinafter described
be carried out as hereinafter set forth, and that a local improvement
district be created in connection therewith; NOW, THEREFORE,
THE CITY COUNCIL OF THE CITY OF RENTON, WASHINGTON, DO
OPOAIN as follows:
Sectiot 1. The following sanitary sewers, water main, fire
hydrants, curbs gutters, storm drains, pav: i, sidewalks, street
lighting and all necessary appurtenances shall be installed and
constructed in the vicinity of Bast Valley Highway and S.W. 16th
Street from SR 167 ramp westerly to Lind Avenue S.W. , Renton, Kinq
Cnunty, Washington, as more particularly described hercinbelow, to-
wit;
See Exhibit "A" attached hereto and made a part hereof
as if fully set forth herein.
'1'
and there shall be included in the foregoing acquisition and Installa-
tion of all necessary connection equipment and appurtenances, together
with the acquisition of any easements, rights-of-way and land that
may be required; and there shall be included the performance of
such work +s may be incidental and necessary to the foregoing construe-
Lion and installation.
The City Council may modify the details of the foregoing
described improvement where, in its judgment, it appears advisable,
provided such modifications do not substantially alter the plan of
such improvement. All of the foregoing shall be in accordance with
the plans and specifications therefor to be prepared by the Director
of Public Works.
i Section II. There is hereby established and created a
local improvement district to be called "Local Improvement District
No. 314 of the City of Renton, Washington" (the "District") , the
boundaries of the District being described ds follows
See Exhibit "A" attached hereto and made a part hereof
as if fully set forth herein.
Section III The estimated cost and expense of such Improve-
ment is hereby declared to be approximately $5,660.000.00. The entire
cost and expense of such improvement, including the coat and expense
of all engineering, legal, inspection, advertising, publication of
r"ri,x; and other expenses incidental thureta, shall t+e borne hp
and assessed against the property specially benefited by such improve-
mi=nt included in the District established, embracing, a5 near as may
be, all property specially benefited by such improvement.
-4-
Section IV. The nature of the improvement provided for herein
is such that the special benefits conferred upon the property are
fairly reflected for construction of sanitary sewers, water main,
fire hydrants, curbs, gutters, storm drainage, paving, sidewalks,
street lighting and all necessary appurtenances to be done an the
front footage basis, but adjusted for work needed for special conditions
such as filling and bringing to grade, such cost to be assessed to
the abutting property owner on the basis of the actual cost of the
special work; and it is hereby provided and ordered that the assess-
went shall be made against the property of the District in accordance
with such methods. All property included within the limits of the
District shall be considered to be the property specially benotifed
by such local improvement and mh. ., be the property to be assessed to
pay the cost and expense thereof as hereinabove specified.
Section V. Local improvement district warrants shall be
issued in payment of the cost and expense of the improvement herein
ordered. Such warrants shall be payable out of the "Local Improve-
ment Fund, District No. lli" hereinafter created, to beat interest.
from the date thereof at a rate to be tixod hereafter, but not to
*,coed 154 per annum and to be redeemed in cash and/or by local improve-
ment district bonds herein authorised to be issued, such interest-
hearl,ig warrants to be hereafter referred to as "revenue warrants."
Such bonds shall beer interest at a sate tc be hereafter fixed but
n,,; rx�'ei.,ing 154 per annum; shall by payaol, on or before 17 years
from the date of issuance, the life of the improvement ordered being
not less than 17 years, and shall be issued in exchange for and in
_5.
0
redemption of any and all revenue warrants issued hereunder and not
redeemed in cash within a period not to exceed ninety (901 days after
the first publication by the Director of Finance of notice that the
daseaement roll for Local Improvement District No. )ls is in her hands
for collection. The bonds shall be redeemed by the collection of
special assessments to be levied and assessed upon the property within
the District, Payable in 15 equal installments, with interest at a
rate to be fixed hereafter but not exceeding 15% per annum, and a
penalty in such amount as shall hereafter be set forth in the ordinance
approving and confirming the final assessment roll for the District
which shall also be Collected. The exact tom, amount, date, interest
rate and denomination of such warrants and bonds shall be hereafter
fired by ordinance of the City Council.
For those persons fuund by the City to be economically dis-
advantaged property owners or other persons who, under the terms of a
recorded contract of purchase, recorded mortgage, recorded deed of
trust transaction, or recorded lease are responsible under penalty of
forfeiture, foreclosure or default, the assessment levied tot the
improvement& herein authorized may be deferred until a time previous
to the termination of the District under terms acceptable to the City
and upon assurance of proper sec—ity for the payment of .such assess-
ments. Such deferral shall not survive the ownershi,) of interest of
the economically disadvantaged praaerty owner or person to whom the
defetral was granted and it shall likewise not survive the sale,
transfet or other action which either terminates the possessory interest
of such property owner or person or which turns the property into
investment, rental or lease property.
-6-
Section VI. All the work necessary to be done in connection
with the making of such improvements shall be done by and made by
contract upon competitive bids and the City shall have and reserves
the right to reject any and all bids. The call for bids for work
authorised pursuant to this ordinance shall include A statement that
payment for such work will be made in cash warrants drawn uj-,n the
"Local Im'>rnvemant Fund, District No. 311."
Section VII. There is hereby created and ..tablished in
the Finance Director's Office of the City for the District a special
fund to be known and designated as "Local Improvement Fund, District
No. 314" (the "LID Fu. d"), into which fund shall be deposited the
proceeds from the sale of revenue warrants drawn against such fund
which may be issued and sold by the City and collections pertaining
to assessments, and against which funs shall be issued cash warrants
for the contractor or contractors in payment for the work to be done
by them in connection with such improvement and all other items of
expense in connection with such improvement.
Section VZI1. The Public Works Director is hereby authorized
and directed to call for bids in the manner provided by law for the
construction and installation of the improvements authorized herein.
No call for bids shall be issued unless and until there is, to the
sole satisfaction of the City Council laxpressed by resolution passed
by a ma ority thereof) , provision fnr sufficient Supplemental funds
or credit for the benefit of the Dietr."t. to insure the marketability
Of the warrants authorized and bonds provided for by Section V hereof.
-7-
Section IX. The City reserves the right to issue, in lieu
of bonds and warrants in payment of the cost and expense of the
aforesaid Local Improvement District, installment note or notes payable
out of the LID Fund, pursuant to RCN 35.45.150, whenever such notes
or notes are sold exclusively to another fund of the Ci`y as an invest-
ment thereof, and as further provided by law. SUCK instillment note
or notes may be of any denomination or denaminations, the aggregate
of which shall represent the balance of the cost and expense of the
District which is to be borne by the property owners therein, and as
further provided by law,
PASSED BY THE CITY COUNCIL this 21st day of January,
ua.r/y, 1980.
S Wy, 1980.D I.OR S A. MF.AD�, C tyR Clerk
APPROVED by the Mayor this .11 tr day of January-, 1980.
Via,,,._HINPO,o�M --
AR Y. SHINF--O(:K, Mayo��
Sut dpor,H
Approved as to f rme
�. 74-.
[giw ''nF '�i ty Attorney
Uate of Public ont " 1
_p_
EXHIAIT A
uo .. , .. StgAp71nt
r ..• 1'wP:lure 4t /.a lOu, 1%. 10 all 11 1'6wp,htp . 1 'a." •
'I n de.tll"is Jd area is Township .I Mirth ♦eAt. a Gy. .
fit- Plato of L. D. Illlleaa's Grllndton hard M. DlvlaM %.. I aA . rii" III
„e,a 17 of Vista, Pnae 74 records at ki., Carter, waw';t0a oral the •let of
• I'll-Wee "'thee" 01411t. IMv.trlal Para of %data" 4WIMM Ito. I as race.ild In
Su L,ns l.i.t riot., Pole ;w."Ord* of gang couory VarMn{t"! lytct .Outh.11Y at
1•e0% (fr. ,); u.atotly of S&-167 (ftesay); "liberty .d 3 tisc Streal and
.,lady of the follow/nit daeeribo4 boundary ItM;
...r.nnift& at Iha rntwreact nn of tna southerly 11. .arldr. t 1.44% alth the A. •,.
raw to rain a UsdAvo. N4 [Mne. ..w. [Aar% slant t*. , l.wl' r/v ntr.lp of !InJ
.A%c. and to tho nurtMel% r/. .,at. of S. lath St.; t...rara In a
.tralaht IIn. acr.,,r aw %orb St. %a [h. rastu lv I. 'rate a: 1toJ arc. a
` ; thoth,
wsatfrly along zero &owt Mtly r/w natpin of S', Itch St. to a I!". Nrwltol alth en.
17n ft. ".tsllr ... at ea.,nN at flahl anal as fTM Is. work.I.I rY Ian. of 11,4
.rve. Sv: thence .o,1th.11. *long said Mn L`d lift. to & Ito, larall.l wtth and
600 feet north.Nv of, a% n.asoted at fight &raise flan, n,e rertherly t/v line of
Ali loth at thence vO.t.rk, of., said "toilet lln. to ee e..tort!rat of go'."
Ave. III; then" southerly *Iona said conttrllne and sold -eeterllns ahle•Jad
.wlherly to a line Parallel with and W feet .wtherlY of An naawred at right
my&lei troy the southerly r/w line of P: 11th St.; trance oartvrj, along said Mallcl
lint to a io. Patalle% v/t7, and Son it. hastoriv of, &a fn L:,rN or right aotlos
1 ., the westerly r/v ftlrgm of theto.t e.11ev &add; Ounce .outhokly ol:r.; pate
."11.1 It.. to . line ....list with and and ft, north.tl. W. s.gweure! al
ft'!t angles It., the nw Ovrly 'I. .,Ath of Su !7th w0. th..r. ",tally alentt
.10 "relief Itnt to a lint "toilet cith And !00 ft, utter%* at, .e "ArsocN at
lteht &All.. fr., 1h. ..erect, /w Mt[ln of tar lurllnabvr Sell?.rn giAb Oof-"y;
thence ooutherly .root .41e1101 Ill. to a Jim POallel with &red AM fl. .owth.
*,By of to ee.eurN at n aAllu Lee the sawt`wrly AN .'sio of SW Nth St.:
t Mate easterly along said paraalN It" if & 110d anll.l vat, ant 400 ft- hwtorly
of, a meaurod at right angles (too the "storiy r/v nocg.n at tau %,11., &W-
thvnus &ootheclV along old Psollal Ill. to the awlhtrly AN 0411ln of Sir slot
�-. and the t stereo A of said Loa a f of ".ant loot% bwnd&fr I As.
tvlr.t thtnfroe ... portion lying within •tt U. of lad t70 11 wide, beta lie
ft. an each aid. of the taw of tied A". S.; a I70 it. stt1, An the tut elde Of the
r/. of GI'eawri A". Sv; I!o it, .trips on "cr, stilt of tM AN of t1 lath h:.. and
.1a t,. at'(, on the n.x:h m 1`. a. " et.. '...
EXHIBIT B
The proposed improvements consist of;
! . The reconstruction of Southwest 16th Street from Lind Avenue Southwest
to the East Valley Road and the East Valley Road from Southwest 16th
Street to Southwest alst Street. The complete new construction of
S,:Lhwest 19th Street from Raymond Avenue Southwest to the East Valley
Road. The complete new construction of Southwest Nth Street from a
point 200 feet East of the Burlington Northern Railroad '3ht-of-wry
to the East Valley Road. Included in the above improvements are em-
bankment construction, paving, curbs, gutters, sidewalks, illumination
and enclosed drainage systems.
t. Construction of sanitary sewers in Southwest 16th Street from Lind
Avc �-e Southwest to the Eest Valley Road; in Southwest 19th Street
to the East Valley Road; and in Southwest 27th Street from a point
200 feet West of the Burlington Northern Railroad right-of-way to
the metro trunk line in Valley Parkway and also from Lind Avenue
Southwest to the East Valley Road.
i .Water mains and fire hydrants in Southwest 16th Street from Lind
Avenue Southwest to the East Valley Road; in the East Valley Road
from Southwest 16th Street to Southwest 19th Street and also from
' Southwest 23rd Street to Southwest 27th Street; in Southwest 19th
Street from Raymond Avenue Southwest to Lind Avenue Southwest; and
in Southwest 27th Street from a point 2C0 feet East of the Burlirg-
ton Northern Railroad right-of-way to the East Valley Road.
1 . DELORES A. MEAD, City Clark of the City of Renton,
Washington, hereby certify that the attached copy of Ordinance No.
3396 is a true and correct copy of the original ordinance passed
on the 21st day of January, 1980, as that ordinance appears on the
Minute Book of the City.
H
DATED this 2 day of January, 1980.
� r, Q__�e�
uaivne3 A. MEAD, City C er o
the City of Renton, Washington
NOTICE
RENTON CITY COUNCIL
1LAT�SIAV
PUBLIC HEARING
ON AT 8.00 P M
RENTON MUNICIPAL BUILDING COUNCIL CHAMBERS
200 MILL AVENUE SOUTH
For tie pufN" of Cort (30r0g a proposed ImDrovtseertt DiStriCt Slh
'. ert Imore�efients. )cnituty `,,ewers. Water Ma1ns and fire HYaronts.
vrojKt to he redutM in SCoDe. Hearing :'+ntinued from HoveMber 5, 1979.
GENERAL LOCATION OF SUIIJECT PROPERTY[ cost valley M19reav a $tf
ialh ;it. from SW 16; RW to Westerly UM Ave. bW
•ta. Preliminary Assessment to be revised,
g t R T I F I C A I 1 9.1 j
STATE Of KASHINGTON {{J
COUNTY OF KING j
art I, Mreey certify tent _
(/.A captes Of a Ye no Ce Mere S y ex in thret Or more �OftSplcuows
ptecet an the property described end 4a Copies Warr, posted at the Renton
Mu" '041 Budding, ZOO Mill Ave. South, Renton, MA on date of
19 JY? �IIIY..lY
Signed,
IkTary)4-L1Tc 7-#Ad For the 5t&F*-0T—
WAWA00n, resldiry to Renton
t., 1h
y
• a,�;
CITY OF RENTON, WASHINGTON
ORDINANCE NO, _
A:: ORDINANCL AUTHORIZING THE ISSUANCE AND SALE OF
1:r:ER£S: (SEARING REVENUE WARRANTS TC 3E DRAW\ 0\
LOCAL IMPROVEMEIIT FUND, DISTRICT NO, 314"
0 ^ROVTDE FUNDS FOR THE INTERIM FINANCING OF
�:X;S'rRCCTION OF CERTAIN IMPROVEMENTS TO BE
,1ct".'1RE; IN LOCAL IMPROVEMENT DISTRICT NO. 314.
?fLREAS 1.1% Ordinance No. 3396 adopted January 21 , 1981),
tie Ci!•, i'anncil ordered the construction and installation of
stnitar t,ater main, fire hydrants, curbs, gutters, side- ;lks,
vtreet 14r'h, imt ind all necessary appurtances thereto in the vicini—•
+t 6o, * Va• :ev tlighwav and S.W. 16th St from SR 167 ramp northerly
e-% cI io L.ud Avenue S.W„ aad established the "Local
:mar. t-q-:' IonJ, District No. 314. all in accordance pith
Kc•u '.•..� i.- i,. 2283 adopted by the City Council on July 2 , 1979,
a= .,nc•.k ! tv Re�;olution No. 2299 dated September 24, 1079 creating
District ,:n. 315,
ti:.1S Peoples National Rank of 'Pashington. Renton, Wash . , ::as
•.tc',.i •e revenue warrants to he drawn on such fund bearinc
i•u , • . �•.:. ; f the prevailin prime rate of Peoples Bank at the
i.t; take ,town, Now T'Eierefore
; ,1 ( 0i CIL OF THE CITY OF RENTON. WASHINGTON, DO
!0NN l The Citv hereby accepts the offer of Peoples
, u,c. Renton. Washington and the City Finance Director
.., ., . . .? h;•r( :rd and directed to issue revenue ,,,arrants for
i. t o•: i inancinct of the improvements to he constructed and installed
;❑ Ic. .;; 1, -, 1, vement District No, 314, which warrants in the
i. • ,,unt. Of not to exceed $600,000.00 are to be
r "Lo,:al Improvement Fund, District No 314", hearing
a
interest at 62% of the prevailing Prime rate of Peoples Bank
at the tine of initial take down and delivered from time to time
upon pav^,ent therefor, to Peoples Bank, Renton, Washington.
PASSED BY THE CITY COUNCIL this 3rd day of November. 1980. .
e ores ..._l¢d j;Lty C s k
APPROVED BY TliE NAYOR this 3rd day of November, 1980.
Sa �, T�Fl;lvur
Appl'oved as to EUrm:
1
11, ren, Mtv"Attoinev
'.�'. , i"A"licall""t Snvembe.t i3, 1980
M#4r10P_dock STPI Rt. Vt,p/rlc f
Vok
Filed tat R..o.d or Be,..,of VRfFNts fYOnrS
°Lytm'ion Au 7 11 S7 ewe ...
NSNr,
orrict Or 1WE CRY CLrkK
ADDRESS-- A ;"Rlpl Mill Tic
,CRY AND fiATE
Quit Claim Daed
yt 1CORMNAta Retail
.-1
J
THE GRANTOR , Metro Industrial District Incorporated, a Washington
Corporation
for and mconadcration of one Dollar (S1.00) and other valuable considerations,
tyWmrye and vest rlaim6m The City of Renton, a municipal corporation
the following desi abed rtal estate,Situated in the County of Icing,
State of N-ashmrton,including Any after acquired title:
That Portion of Lot& 30 A 31, Block 31 of C. D. Sillasn's tariim9too Gardens
Additlan, Division 00. 1 as recorded In Vol me 17 of Plats, page 74, tecorus of
King County, Washington, vacated on October 16, 1939 by Ring County
COAA tesicars Journal V01 MO 38, page 38, and described as follows:
Beginning at the ir,ureection of the South line of old C. D. Millman'•
torlington Gordon. Addition, Division Wo. 3 rtth the &action lln* common to
Section 24, Township 23 Worth, Range A gut. W.R., and Section 19, Town Ship 23
(1) Worth, Range 5 test, W.11.1 thence M 00047.29' t along said aectlon llus a
14) distance of 30 foetr thence 6 09049,010 a an a line parallel with And 30 fat
'tT northerly of the &oath line of Gold plat, a di.tenee of 20.00 fat. to the true
point of by Inning) the no. contin ul ng S a9°19101• t a distance of 15,37 feel
thonc. north eaaterly along a curve to the tight, having a radius of 35.00 test
through a control angle of 90036-100 an are distance of 55.15 feet to a point
f� on A line parsllsl with And 20 tut uSt.rlY of as afesund at right angles
•CQDj from said action line, thshee S 00047-19• r parallel with Said *action line a
distaneo of 35.37 feet to the true point of beginning. Containing 269.46
Square test.
Sal,i tiect being the parcel of land lying bat we., tee. pcoporty line arc at the
southwest corner of Lot A of Renton Short Flat Wo. 441-79 (Valley office and
InduStr'al Park Subdivision No. 1) recorded under King County Auditor File No.
4002269013.
Subject to: Ruoents. rights, restrictions and reservations of record.
\
IN N'ITNF.S` WHEREOF,mid corporatism has caused thte imtrument it)b n ecuted by ties pnµwr
officers and its corporatr"al to he hereunto,afford thbt .�y�+ dq of 1.\.-,„e,e f or D
ill
1.,, C .I {JIiiCD RyC_��'E'i�Kf• ��'9A.•/�t�
9 i toe HY
% (�:r f}rauianr
STATE OF WASHINGTON. Sermon
County of
w.
On this day of L"`\ f rIf r .Wirt,nit.the und.nSytnrrf.
a Notary Public in and for the to O�rodur duh vommisamurd and Awurn,penonall� Appeared
(,•.T tub,._... " sad
to nre known to be the -... President of
the corporation that executed the foregoing Wrtatrutoent,and acknnwied the mid instrument to be the
fees and voiucury act and dead of wed corp,ratW.mi,for the utee and purlrreea thereto Mtn,.in,ed.And on
wth stated that ' ' authonsed to execute thr wed mstrumrnt and that the weal affixed le
P.e corporate Seal of mid corporstn•n
Nitneas raw hand An., ..f iru'ar.i herein aiTuod the dry and year fleet above written.
A'utar. Public and fMor.the Stan of NewhiryfAPn.
menfl,it(at
y..
to
,.,rgY' COGIt
at.,T ita,wt S7car) i✓s>!a �N/x..9f,(ffl6
10r,
bled Ior Retord of bgwH of .M In 7 1i
Mitt n
NAME l rrl' t'4E81t .. -
. V t!1 Nit 1P.M. BUIX;-
r rt:,surnt
ADDRESS
CITY AND SIAIE
Ouit Claim Dod
(CosPo""00110I
THE GRANTOR Metro industrial District Incorporated, a Washington
Corporation
m
for and in n•dernwnof One Dollar (51.00) and other valuable considerations,
'�. trSnveya and yun tlA,me to she Cdt - of Renton, a municipal corporation
r King
-0 the follnwmS drwcnhed n-91 wrote-all" ed to the County of
Slate of NashmRtun,including any after acquired title
That per tlon of bt• 1 e 2, Block 2/ of C. 0- Rlllaan's it""n9ton Gardens
Atdlt/on, Division No. 1 as [*corded to Volusa 11 of Plata, Pags 1e, records of
Xing County, WMing ton, vacated on Octabe andd6 described ass follows:
Coaissloneg County
ro Journal Volum* l6, Page 76,
Beginning at the centetline of the Southwest torn Stt*9t with the c9ntarllna of
Lind Avenue WI thane• S 1020'16• wo long said Lind Avenue eontora11e1line *with and
distance of 65.02 foot, thence S 69 75'25' w on a ]in* o line W
65 feat southerly of as meas,red at tight angles from the centetllno of
V' Southwest 16th Street, a distance of e0.02 toot, to the true Potnt of
.Q bellnningi theme* Conti nuirg S 69075.25• w . distance of radius 16.06 footfottl hethrougn
y' eoatheastet� along o aarv* to the right, hv a
9 on a Ilna
^� a central • 19 of 910s6'51• on at; distance of 56.05 feet to a Point
1� parallel with and al toot wrtoily of as meuared at right angles from said
ti Bedlrtance o[ 76�OBAt•en(von o�Mehtroe Point 0 of tegton ln9� •Coots to ln9 2B tth sail L OT 1S1 too•
square foot.
en
he
e arc at
northeast be jog eornor ofe Lotrcel 2 ofof lend aonton Short Plow tb,t 431-79P(VAl i*Yn Office onA
Industrial Park Subdivision No. 11 reeord*d unda[ RIn9 County Auditor Hi♦ tic.
B002269017.
Subtsct tot Rawmants, tight@, r*strlctl ono and resarvstlons of record. it
IN N'11 .6",WHEREOF,avid corporation has caused the hipvu aOntOtO at't'tr ttod+by/it proper
til officers and its corporate seal to be herrunto offixvd this a V
1% EXCISC
h v�✓
i
Fly _
By Snreea?
ST TE OF WA vHI NC.-MN, l
))as
County of r� ` l
te,, t�..w. Weer me,the underefRrted.
On thin `( dal'of venally • ared
a Notary Public in and for Me State Wuliin{ton,duly WMem gioned and sworn, pr,. PW
to in,known to be the U"'�- president Red.
the corpontidn that esacuted the foregoing instrume for nt,and uses n d pourpmni therein d the sad instrument u+be tto
free and.oluntary act and deed of id oaadrtoteiecutrthhr a"uses
"trument and that,the seal affm�dioned.and r ra
oath stated that -
the corporate seal of said c irpnrstl00,
w,t,,w mt hand and off,:,,a•t hereto affued the day and you first above written
/p fM Stott of Washington.
Notary Ai6Gr inLtd/or
reaidrryt of
a ,(�
+ ('Ia n A�vmetre -mgd3+,IO/v .
�p n s..... �.. ¢... ,✓ Pe.,,...ei T t A"F
a NAME
' ADDRESS
CRT AND STATE
Quit Claim Deed
7 icaroasn sparai
.d
v
•� THE GRANTOR Metro lnduatrl.al District Sncorporatc5, a Wasn/ngton
Corporation
:J
fa andmcnnvidentimof One Dollar t$1.001 and other valuable considerationa,
a a,,vey ai)a quit claims to The City of Renton, a municipal cor,:eration
a;
-• the fo{Mwmg dercnhed real estate,situated in the County of King
$tat-of W'ashmgton,including env after acquired title.
That portion of Litt 26 a 29n block 24 of C. 0. siilmon's tarlington Gardens
Addition, Division no. 1 as recorded in Vol., 17 of Rats, page 74, records of
Ring County, Washington, vacated on 0ct1b9f 16. 1939 by Ring County
Coss tasionen Journal Vol use le, page 11, and described as follows:
aylnnitig at the Intersection of the ton
ttrlAne of Routhevat 19t5 Street with
the etnt,rline of Lind Avenue 6 , thence s 1 20'j6- 1 alenq Sold Lind Avenue SW
contorllnt a dlstknce of 10.01 feett thence W H 49.014 W on a time Parallel
(V With and 10 feet northerly of, as atasurod at right angles from the centerline
of Southeast loth Street a distance of 40.01 feet, to the true point of
b"Irviing, thence continuing N 09049'01` W a di: ace of 31J0 feet, thence
northeasterly along a curve to the left, having radio, of )5.00 toot through
a central angle of 01050'11• an arc distance of 54.27 feet to a point on a l' n
parallel with and 40 Cost easterly of as measured at right angles ftoke said
1 centerline Lind Avenue F, thanct 5 1020016• W parallel with Said centerline a
d tatanct of Sk.97 feet to the true point of Dtq lnntng. Ce, tatninq 250.19
square fast.
SAW tract being the parcel of land lying between the property line arc at the
Southeast „ornor of Lot 6 of Renton Short Plat no. 431-79 (Valley Office and
Industrial park Subdivision No. 1) recorded unde• Ring County Auditor Pile no.
0002269013.
Soblsct tot taswents, tights, rastr detrain and T9estvstions of tocotd.
IN WITN ESS WHEli LOY,mud eorporst ion has cooked this instrument to hevieculed by ns ppro�pr,
officer,and its corporate Ned to he heretmto affixed this '%tr f`' day of .".-k., f lI •' i
...D Rc Vi7f-..n..s.r" '
1 [.>'... . '
t. f rreudent
` v
..3TATE:OFW4., INGTON, l R . . Srr'retdn
i 5 in
Cuunm of
k� 11
On that `- ti day of } 4`•`c ' / •� '" .before me,the underoiRneti.
a Notary Public is and tar tM State Washington,duly cottmttWiontd and+worn penonallt appear"
to me knomn to be t1`o `- •• . I ndtnt end of
The corprrstion that executed the foregoing instrument,and ocknowindgrd the rid instrument to lr the
free and t'okuntary •:t and deed of said corporatiwi,for the use,and purpwe therein mentioned.end•m
wth stated that _ ) tulhonted to execute the said instrument and that the heal affixed I.
the corporate,Sal of rid MfpOntion.
Witness mt hand and Offid9'cud hereto affixed the dac and year first above Written
. i
,Wotan PubGMin and/or tM$fate of li'ushi Vr,l
R,I(flne fir t"j..r..TC_.l�
1
�I
I.IrY OF RENTON, WJLSNINGTOP
RESOLUTION NO. .LflA._
WHEREAS it 1a necessary and advisable and in the public
interest to provide for the borrowing of certain ,unds ten the purpose
of paying cOnaultanto for preltminary survev and deetgn aervicro in
connection with pruposed LID !1 0. NOW THEREFORE
'•RE CITY COUNCIL OF THL CITY Of RENTON, WASHIW-'R*, DO
RESOLVE AS FOLLOWS
SECTION 1, The Director of ►thence is hereby Authort"d
and directed to borrow the am of S140,0b9 78 frm the Street Forward
Thrum Fend, Reserve Account, bearing interest at the rare of
R 1/4S per &ohm and su<h am to be allocated to the follewlnK
described fund
CURRENT F'UNO,PL'RLIC WORKSIRNGINEIR OEb IGH
Acct No. 0001000,15 $12.20,11 S1
(roofeae Anal Services) g160 Ob9 is
.old luau from the aforeewntloned fund shall he repaid to any event
not later than December 11, 1979.
PASSED EY THE CITY COUNCIL thfs Kph delay of Novamhrr. 1979
"�el:`remel— fi ry err.
APPROVED EY THE MAYOR tht, yte sy of November 1979
An.�tvi ,ll,f..a.w�t..•+
"M*rTe 'lsureritl Mary
tpprovad as to.,[urm.
.'. .( �,+
Litirinc "•,T:"IgFr'en. r1ty-Attoinsv . ..
1.1�. t J sd✓S
,;ITY OF MM ON W.SHI HLTON
RESOLUTION NV 1J8f._
WHEREAS it le necessary and advisable and in the public
1nt.reac to provide for the borrowing of certain funds fat the purpose
nt paying consultants t.,r pre1101nory aurvwy and design aervicts In
connsc•t;•t. with propoead LID 0O14, NOW TNER "I
THE CRY CONICIL OF ENE CITY OF RENTON WMHI W1"AN 00
RESOLVE AS FOLLOWS
BgJyCT IQN. I. The Director of CYnanct is hereby outhorlaed
and dtncted to borrow the am of $t W.049 15 from the Sttwt Forward
Thrust Fund, Resetva Account. boartng Interest at Cho veto of
A I141 per annua And sat). .m to ba allocated h+ the follnwtng
do+cr:bad fund
CURRENT FUND7PUR41C wna"1ENOINEER DESION
MCI No 000E 000111 5J2 10 31 51
(Profeastnital goavtcse) slo 069 75
"14 1+an frog the atoreatentiottad fund shall IS. topald to any event
not later than DOCwaaer 51, 1979
PASSED WY TuL CITY WUNCIL this N,r, day at %N,Yeefthhhvr. 1974
dree . I . m 14—ili
APPR0VED EY Thi KAYON 'ntr yt�„ ooa �1 Novoshe�r, 014
` 111/t�`0 {UfPnr� iY Var
Apprpwd u tu..,f
C.aircatee tv`f�ttornay
INTER-OFFICE MEMORANDUM
TO: Public Works DATE, 11/l/79
FROM: Del Mead, City Clerk
RE Ordinances and Resolutions
Transfer Loan from Street Forward Thrust Fund
Ne attach ReaolUti on al atRl/oY OfdYTtant.Tfei which have
been prepared by the City Attorney. Please verify
content , legals, description and general location of
the ia}IOvements and return to this office for further
processing and presentation to the Legislation Committee.
st
OF RF
U �1, 60, OFFICE OF THE CITY ATTORNEY s RENTON,WASHINCTON
rotr v"a W.ut I- 2ro %.. • .tw.on.wrw,we Mons .at tt�t
LAW RENCE J.WARAEN, ,"."o ' DANIEL KELLOGQ, •nnum
Cnr nrwrr,av
e� October 31, 1979
�tEe SkPtFM�
TO: Del Mead, City Clerk
FROM: Lawrence J. Warren, City Attorney
Re: Resolution re Temporary Transfer Loan from Street Forward
Thrust Fund
Dear Del:
Enclosed please find a proposed Resolution providing for temporary
loan from Street Forward Thrust Fund to Design Engineering to
provide payment for consultant services in con ction with proposed
LID #314. 1 //
Lawrence �J*. WArren
LJW:nd
Encl.
cc: Ways and Means Committee
Mayor
Council President
Public Works Dept.
Finance Dept.
CITY OF RENTON, WASHINGTON
RESOLUTION NO.
14HEREAS it is necessary and advisable and in the public
interest to provide for 'he borrowing of certain funds for the purpose
of paying consultants for preliminary survey and design services in
connection with proposed LID f314, NOW THEREFORE
THE CITY COUNCIL OF THE. CITY OF RENTON, WASHINGTON, DO
RESOLVE AS FOLLOWS:
SECTION I: The Director of Finance is hereby authorized
and directed to borrow the sum of $140,089.75 from the Street Forward
Thrust Fund, Reserve Account, bearing interest at the rate of
8 1/47. per annum and such am to be allocated to the following
described fund:
CURRENT FUND/PUBLIC WORKS/ENGINEER DESIGN
Met: No. 000/000/15, 532.20. 31.51
(Professional Services) $140,089. 75
said loan from the aforementioned fund shall be repaid in any event
not later than December 31, 19/9.
PASSED BY THE CITY COUNCIL this day of November, 1979
lFei'ovbs-A:- ad,�`ify-EYefTt'
APPROVED BY THE MAYOR this day of November, 1979.
T6a�ea J`-6elauien[i;'tayor
Approved as to form:
Laarcnce-J-tilarzen', amity Atcoincv ��
1
CITY OF RENI'ON WASHINOitel A(•
RESOL,rrim NO. iiv9
A RESOLUTION AMINDINO ABSOLUTION No. 2205 OF
THE CITY OF BANT'ON ESTABLISHING A NEW NEARING DATE AND NOrMi N0 ALL PARTIES WHO MAY 11ISIRE
TO on7ecT TO THE IMPI OYElCNTS IN LOCAL IN►ROVE�
MINT DISTRICT No 514 TO APPEAR An PRISEMT
THEIR OIIMIONS AT A MEETING OP THE CITY COUNCIL
WNICH HAS BEEN RESCHEDUD FOR NOV91Q&R 5, 1979
99 IT RESOLVED BY THE CITY COUNCIL OF THE Cli'Y OF RELATOR,
WASHINGTON, AS FOLLOWS
11Q_IUN_3 The City Council by Resolution No 2283 he,
declared its Intetttiom to construct and Install curbs, Rutter.
sidwalks, 'treat IlShting and all necessary Appurtenances
the rto in the following described area of the City of Renton,
to-wit
See Exhibit "A" attached hereto end made a part
hereof as if fully met forth herN.n
SECTION 11 The City Council of the City of Renton had
Previously established the date of October 15. 1979 as the public
hearing data for such LID as required by elalute Since that.
tlaa the City has data Mined that such data to not an appropriate
date and that all lofocmAtim will not he ready for presentation
at the - and that the data of November 5, 1979 would be
more advanlapsoue.
SECTION III That All persona who may desire to object to the
improveaent Mr in described Ate hereby notitted to appear And
prevent suc4 objections at a matting of the cit pravlOwlyCo=vnctl7tcil!t scheduled
Y o be held
in the Council Chambers of the City Hall, Renton, Washington
un October 15, 1979 at g OO P.M which it" has been ra.chaduled
from October 15, 1974 to November 5 1979 which time and place are
hereby fixed for hearing all matter, relating to said proposed
tnpn�yement And all objection@ thereto and for deb tminlnR the
method of payment for told trgroyraant. The City Clerk shall Eli•
notice of said hearing Mid ,to proposed improvement as required
by lam
SECTION IV. Marren Ootuason. Public Work. Director, or his
duly authortsed reprstentattve, is hereby directed to submit to
the City Coatttl. un or before the aforesaid hearing date, all
data and Information required by law to be submitted
PASSED AY THE CITY COUICII, this trth day of SSe�ptewber, 1979
ors. A Ne trk
APPROVED RY Tilt AAYOR this 'a day of Septemher. 1979
r u4.f .r. y., day r ii
Ap� [M 7 'ppvnveedd as to for(
G m�y"��,��
rCr Itl.-My" ftOrTey
muff •.• a11pLtRlg1 •
110 YtiYf FMRl/f1011
rh A, Feel ton of NaUaq 1*1 t0 696 11 tolonhip 11 north. living 6 &.01
t.tn ,ict taco 16 lid it *awo "O if onto A'n, f toot. 11,6.
aM the PINe R C-. D. Iillodn'i "'Itedtw Gerdwa Piviiloo he, 1 " raaer Avl In
V.I. If if PIRA. Feel 76 ratorN if at" Ca160 f6tMlmlrm W the Fiat if
larllytw aorthw tlfillli lvdwnl.l Farb of Row'" Fllri+lm 6e. I N vnera" In
V.I. if Plot., ty. tnotdo of Ply <aattr wwahlytm: Ill" aoethorly of
1-t05 flreWv); vat.` of S6-Ut lfmaom,l; "rtherly of SW Net Metal, add
.feel, or the followly dwerla aawdoy If";
Baalvet" at the lmgrurttm a( the southerly r/. medic of 1-05 with the RRtally
t-I.""I. of (l.Mw. q: 'nova. ewtharb clay W ."tally It. medi. of lW
Aw. M to the "rth.tla .1. "111. W W IS" St.; t . ootthea.t.tly to .
.t rat Aht live afrNe to lath H. to the e"t.rlr r/v media of 11M Ave. SW; tonal
.feel, day paid mother!, 0."edla of W lath Sr. to . It. Nrd Nl .t,h aW
120 ft. walo 1, el. " Woad, at rltht .61ad flow the w.l.dv r/. Iim of I.too
Add. SV: tha6re mutheriv AIM, eetd Palatial live to 6 live Mrdld With W
6M feet malhe'ly of, a ve"urW .1 'leht "AI.. from, 16. "rtheHv ./w It. ul
W 191% U. Inew. meted, aloy said mralld live to the ceatnlla. .1 RarmeW
Ave. ". theeea .hethortr aim, Nld rweeNtar am mid rwta�Ito. .wtWW
mutearly td a if" Nrallol with W W, feet eoutherlV of 6o under" at 'ltlet
w,I,. ftw the .Wtho'l, N. it.. .f W lath ht.; to.'. ...fall, ♦l.ni .aid Nrd1.i
)'ve to 0 Liao ottallol with dM am It. ".tally ui, do "Nured at tialt "Ale"
Irw, the ..fall, N. W,1. al ahWt V lI.V Read; thwrr .art Mrlr .Iwa •aid
mr+llel live to A Ilan Nreltol with W am ft, northerly at. as wieurW at
�i N% Anive Irw. the "l IMr It N. "rain of hV 27,h St.' then.. "nor lv Alma -
..id Nrdlei It. to . It. "relief will, and 200 ft, ."telly .1, N ".. 'A at
right heated frost the rostdtly f/V settle of the aoAta{taw Northern Platt nl-soy;
shot" .sotearly ilm, +aid "ril Ll Ilan to . It.. mrN iel Yt1h W Stott fl. ..it,
.,I, at " "..,ad N 'twat hell.. 1r" the mou'tdrlr t/. ",$1. of SW 21th St.:
to.,. •Ntert, Rhea old welk.i It., to . IIM "rai1.1 with W ago ft, to,lv
at, Ad eemurm at tqh, wal.. Ito the wetrt lv r1. moth of bed Valley Aa W-
lhwa. .,vtAerly aim, Ntd NrolNl It.. to the notth..l, fir ySt. .f W Aln
4t W the 1.,wi. of .old Mr.tolore mwtlwW Auuod.n it..
Fxwt thor.fym my "film let" wlthlw otrlm of total 110 ft. VUR. Mesta 120
It. m .heh .Id. of the row of I.I" An, S.. a in 0, diet, m the MN •1.1. of the
N.of RawdW Am. fti: 110 it. icrt" m Waco aid. of fit. 'I. of 6Y Nth St.; tW
a 120 It. Air:• w the oarth aide of the Flu of 0 Alai St.
a •
OMIBST `B• RBBOI.VI'ION
F.ASI VALLET ROAD, at al, LOCAL INPRDVEINNT DISTRICT
PROJECT DESCRIPTION
Tee proxw•,ed improvements consist of:
1. The reconstruction of Southwest 16th Street from L:nd Avenue Southwest
to the East Valley Road and the East Valley Road from Southwest 16th
Street to Southwest Alst Street. The complete new construction of
Southwest 19th Street from Raymond Avenue Southwest to the test valley
Road. The complete new construction of Southwest 27th Street from a
Point 20o feet East of the Burlington Northern PAilroad right-of-way
to the East Valley Road. Included in the above improvements are em-
bankment construction, paving, curbs, gutters, sidewalks, illumv atwon
and enclosed drainage systems.
1. Construction of sanitary sewers in Southwest 16th Street from Lind
Avenue Southwest to the East Valley Road; In Southwest 19th Street
to the East Valley Road; and in Southwest 27th Street from a point
200 feet Nest of the Burlington Northern Railroad right-of-way to
the Netro trunk line in Valley Parkway and also from Lind Avenue
Southwest to the East Valley Toad.
3. .Water mains and fire hydrants In Southwest 16th Street from Lind
Avenue Southwest to the East Valley Road; In the East Valley Road
from Southwest 16th Street to Southwest 19th Street and also from
' Southwest 23rd Street to Southwest 27th Street; in Southwest 19th
Street from Raymond Avenue Southwest to Lind Avenue Southwest; and `
in Southwest 27th Street from a Point 200 feet East of the Burling-
ton Northern Railroad right-of-way to the East Valley Road.
lat
crrT M RRNTDN, WAMINOYDN
RESOLUTION NO, 2281
A RESOLUTION Or THE C m Or RORm111 NAHRINOTON,
DRDYRMO II$ MTPMOn TO COWMVC'? AMID INSTALL
CORk OUTTW,MDHMAMI{RRT LIDNTIMO AND ALL
WWWARY 411111101TWAVICS TMRRRTO IN AND MRAR
MAST VALLHT HIGHWAY AND = IPrR ST. FROM BR 167
RAMP MTr RORTNQLT AND Np LT TO LIND AVE. ON AS
MORN PARTICULARLY DESCRORD RRREMI AND TO
CRRATE A LOCAL IMPROVRMRNT DIHrRICT TO AMM THE
COIR AND EEPRMH Or SAID IN►ROVIMRNT AGAINST THE
PROPERTIES IN SUCH IT SPECIALLY SENIFITO
THEREBY; NO'17►TING ALL PIOUgM WHO MAY DRVE TO
ORJECT TO SAID IMPROVEMENT A►PNAR AND PRESENT
TNRIR ORJ RC7IDMS AT A M ,OP THE CRY COUNCIL
To RH NHLD ON DULY 1PT/ AND CRSATiNO LOCAL e
IMPROVT.MENT DtSTRI No. Y1I
BL IT RESOLVED BY THE MAYOR AND THE CITY COUNCIL OF THI
PITY ilt RENTON. WASHINGTON. AS FOLLOWS,
SRCIIoN I: 'not ;t N the intention of the city coneo of the city of
Renttn, NWdorbin, to eautrur! aid Ins1eIl outb, gutter. NSawWu, n,»t
and all neeeOary alywtecancea thereto, In Ow follow, doweritwd .. of the fie,
to-wth
1. (d Deeeelpllnn of local Improvement DMtrirl No. 314
As imlorperaled harem as par Exhibit W Which to made a part
hereef u ,f fully xl fort-1.
Ihl Improvements
As tntmrpontM herein o par FAhlMt "B" which is matte n nort
twreof an d P+.Inv .1 forth.
There al ill he Include, in the fotaNting the aNutnitlon not InatallaUon of
all neeraarV vaN.. fillings. CMtphryn,conneetihoi,equipment and appurtenalmen, no,'
the nequWtion of Any aaaamen U, righle-of-WAY and land tl4t may he required; nut
there atoll further he Inclttlee the perlormnlce of awe wm* N mey he 1neiMnl Rl
and neeeeaary to the foreNwng -,"truoUon and ltataUatior.
The City Cowen may. in IU diaerellon. mohfv and amend the &toib of
the foregoing dM!teed Improvement, Inclpdy the financing lhweof, where In its
7utgmant it Appenre advlMhle, .kW such mMlflcatimis and am«,,tenant. do tint
.uMbntiLLb atlw the roowel plan of rid .mRorement proleM. 411 of the foregoing
Mull tax In ae-erdvio, with thr plarx mM apelltlatlana tMeetor to be mapaw ev
the (4witor of Publie, Wurka of the City of Peoton.
SECTION lit Thr -nitro cat am rap~ of yM impovement incase
hereaftee lithely iio ffiad or "WIW by the CAA Count, lMll be horlta by aM
ut"W aphftl Ilia property aWeially bMlented by loch imped.to nt to be ttm(,.*d
m the loaf improvement dwletrl to he tetebl{abed, embr"1% M nwr as may be ell
PtepertY xis AUV hmefitep by such improvement. Thee, "it he Iniludeel it, the coat
am eKOe of mid Improvemenla all coat Ilsme euetifiad in RCW 35.44,02e.
SECTION Hit That all Pgamoru wM may deatre in ch" to thr impeovrm®t
hand"dworibed are turshy notifleo to appw and irwllnt Mich bowt(mn al a meethvt
of the City Coufted to M beld In the Coutra C"Bimin of the Clly Hatt, Renton,
WavCiryttoh at 14h9 P.M.ntuhet 15.1979 which time and place ere hereby fixed for
heimng all maple, relultlg to Mid ProDoeed hnfrwement aM all ob}eetipT Umrrto
and fx determining the method of Wymeit for Mid improvement. The City Chief,
shell give nolior of 41d hearing art sMd propo!!tl Improvrment ea rtgwrM by 1"w.
SECTION IV' w*et"(10boll wn,Public Nooks Oireetor,or his duly authortaed
nprinrnlaUve, a benuy mrooad to submit Io the city Council, w w 4foee the
"rm G.ald Mvleg ate, all tlala Ind infpffli-O n n WiNal by law to be nt'mttted.
PASSED AY ENE Crry COUNClf. this f,,i (by of .lily 1979.
APPROVEII BY THE MAYOR this .Id day of I9"9,
t` �eiO6ti11
� Iar
Approved as to fw,,
1.aMraias 7—G�irtnn. lY t'Z4' Vi"im,y
Dale of Punllmitlon: duty . , lY+v
ulY x, 1V'1
'mf21xlIT •A- Mitsov,rIM g2281 9
• LID MHIMMAl1Y DRMRIPTIt91
That port low of Sectoring 19, A, IS. 10 And 11 Twesht, 1) ,Tth, Mange Y Pear, w,N.
AM the Plot* of (. O. Hill rt1'0 garl .st. Card". Diviniph go, I an rerwded In
eolgr 11 of Plot*, Page /A records of Ring (Dotty W4ehing4m and the plat It
Wrlingh. Northern (1111110 Indoetttal Part of Hoping Mci.ion No. 1 an recorded In
vol. of Plat., P... .uv.do of it" cO.ty WAetaaton; lyl.g routhrrly of
i-446 (frgavev): wrtarly of SP-167 Waggle): northerly of Sit Alai Street; And
es.b,ly of the following deacribed hwndary Ifn,
H*XIMIna At the tntenfetlon of the *out MTly f/Y rrg;n of 1-en6 with the .aterly
IN rgln of LiAUrel SW; thence aortherly 41.1 the ..telly r/w A THin I.IM
Air*. SW to the northeTly t/r NgrR1n of SW 16tH St.: thence awtAvant rly I. A
.tt.i Rht lino An106. SW 16th St. to the gostoly ft. .,*In of 1.1nd Ave. SW; then,.
rrterlr alpha ASIA aoutnorl, r/W r,,I. of N 16th St, to A line Mnil*1 With And
120 ft. ve.torly of. Aa a..ured At right .01. fr. the w.teriv rIW If.. .1 1Ing
Son. SW- th.. awthe,ly at., said Mr.11el line. to . It. Mra11e1 rtth And
W0 fee' northerly of. An soaeured at right .Rig. fr., the northerly Nv 11 no nt
SN 19til St. thence rMt.rly along paid Mrallvl line to the t.terllne of g.rm,l
Av*, SN, thence Southerly along snit cAneerline AM 'Old centerltm extended
..tM,iv to . It.. MrallAl with And AID, feet northerly of A. rawred it right
anglot flow the southerly r/w line of SW 19tb St.; thence eaaeriv iImx geld parallel
It.. to A line Mrall.l With and 61111 ft. teat grow of, AS ma.ured , .ant ...le.
Iran, TO* veaterlr r/v Sartain of ther"t Vallee Rend; thence xootherly along gold
parallel Ifni to . line parallel with AM 00 ft. northerly of. AS gMeorod At
right m%108 frw, rho .rtherly rN wtrxin of 9N 27th St.: thence westerly along
6 id Mra11N It-- to A It.. PArallel With and 2110 ft. ea.vrly of, A. r.ured it
rlRht =glen frw, the ea.toTlr r/w Bergin of the Wrllngton Northern XteANof-Way;
theme swtheriv along ..Ad var.11.1 line to a I1. "fall 1 With And 6M It, .00th-
*rlv of . rssnred at right Angles Arm the am rlv r/v no"I. of SN 27th St.;
thence eatterIv Along rid Mrallel line to A I1n, 1.11.1 With .nd oil it. oentvriv
of, AR rvrur Ad at right angles ATM the westerly I sarµn of t., Vallry Road.
thence .00theyly .long $Aid MTAII91 line to the n—theriv r/w a.rgin of SN 61nf
St. And the tvoinu. OI *aid heretofore Setftiwad boundary If...
Utah% that.(,. Any aorrfon tying vithla Africa of land 120 ft. Side, het., 120
it. w each Side of the r1. Of Lind Av.. h.; a Iril ft. seerip w the ..et side of the
rN of Raymond Ave. Sow; 120 ft. *trips on, each side of the r/v of V lath Yt.; sad
a 120 ft. strip . tte north bide of tho T/W of SW 61et tit.
EXHIPT "B" RESOLUTION M2283
EAST VALLEY ROAD, et al, LOCAL IMPROVEMENT DISTRICT
PROJECT DESCRIPTION
The proposed improvements consist of;
1. the reconstruction of Southwest 16th Street from Lind Avenue Southwest
to the t st Valley Road and the East Valley Road from Southwest 16th
Street to Southwest alst Street. The complete new construction of
Southwest 19th Street from Raymond Avenue Southwest to the East Valley
Road. The complete ,ew construction of Southwest 27th Street from a
point 200 feet East of the Burlington Northern Railroad right-of-way
to the East Valley Road. Included in the above improvements are em-
bankinent construction, ,paving, curbs, gutters, sidewalks, illumination
and enclosed drainage sfstems.
2. Construction of sanitary sewers in Southwest 16th Street from find
Avenue Southwest to the East Valley Road; in Southwest 19th StrrK
to the East Valley Road; and in Southwest 27th Street from a point
200 feet West of the Burlington Northern Railroad right-of-way to
the Metro trunk line in Valley Parkway and also from Lind Avenue
Southwest to the East Valley Road.
3. .Water mains and fire hydrants in Southwest 16th Street from Lind
Avenue Southwest to the East Valley Road; in the East Valley Road
'Tom Southwest 16th Street to Southwest lgth Street and also from
Southwest 23rd Street to Southwest 27th Street; in So- ':hwest 19th
Street from Raymond Avenue Southwest to Lind Avenue Southwest; and
in Southwest 27th Street from, a point 200 feet East of the Burling-
ton Northern Railroad right-of-way to the East Valley Road.
RENTON CITY CQUNCIL
R ' F E R R A L S
June 16, 1979
Office of the City Clerk
BOARD OF PUBLIC WORKS
FITey iut Own, txtween SW 12th sW 13th Streets, VAC-14-79
FINANCE DEPARTMENT
utl tT�yTax
PUBLIC WORKS DEPARTMENT
Best Ni1T oast 7o`r�uildiny Requirements
LID 307 - Bid Opening )See Transportation Committee Report)
Alley Vacation, between SW 12th 6 SW 13th Streets, VAC-la-79
TRANSPORTATION COMMITTEE
L tb-I�'f-mid-ODenf ogee Transportation Committee Report)
Alley vacation, between SW 12th i SW 13th Streets. VAC-14-79
WAYS AND MEANS COMMITTEE
bequest for WaiFTng ton Mate Department of Transportation to Conduct a
Regional Traffic Study
Six-Year Transportation Improvement Program
Utility Tax
151 Road Grade
Alley Vacation - Between SW 12th S SW 13th Streets, VAC-I1-7r ^titioned by Ostlund)
Alley Vacation detween SW 12th A SW 13th Streets, VAC-le
Nunn Rezone R-342-73
Schwartzenberger Rezone R-339-79
Request for LID on Cast Valley Road
Payment from Audit of Taxes
Appointment: Mr. Jim Gepford, Library Board
Public Meeting: July 9, 1979, Union Ave. NE Annexation
Public Hearings: July 16, 1979, Lazetti Annexation
Alley Vacation, between SW 12th A 13tt Streets, MAC-14-79.
August 6, 1979
July 23, 1979, Monterev Terrace Undergroundino, Final
Asse -sent Roll
• i '
RENTON CITY COUNCIL
Regular Meeting
June 18, 1979 Municipal 6014,nq
Monday, 8:00 P,M, Council Chw%
M 1.-i U T E _S
CALL TO ORDER Mayor Charles Deiaurenti led the Pledge of Allegiance to the flag
and called the Renton City Council meeting to order.
ROLL CALL OF BARBARA Y. SHINPOCH, Council President; RICHARD M. STREDICKE,
COUNCIL MAPGARET I . PROCTOR, GEORGE J. PERRY, EARL CLYMER, THOW49 W.
TRINM, AND CHARLES F. SHANE (Arrived at 8:07 p.m.)
CITY OFFICIALS CHARLES J. DELAURENTI, Mayor; MAXINE MOTOR, Deputy City Clerk,
IN ATTENDANCE DAN KELLOGG, Assistant City Attorney; N.E. BENN01. Ueputy Finance
Director; GORDON Y. FRICKSEN, Planning Director; WARREN GONNASON.
Public Works Director; RON HEIRET, Park Supt.; CAPT. BOURASA,
Police Dept. Rep.; JAMES MATTEWS, Fire Dept. Rep.; MiCHAEL
PARNESS, Administrative Assistant.
MIIRITE APPROVAL MO+ED BY SHINPDCH, SECOND -LYMER, APPROVE COUNCIL MINUTES OF
JUNE 11, 1979 AS WRITTEN, CARRIED.
PUBLIC HEARING This being the date set and proper notices having been poste,.,
,ix-rear published and mailed according to law, M yor Delaurenti opened
Transportation the public hearing to consider the City's Six-Year Transportation
Improvement Improvement Program for 1980-1985. Public Works Director Gonnason
Program explained the program noting changes from last year, present and
A Arterial Plan completed projects regarding the Major (Principal), Secondary
(minor) A toilette .rterials, Spot Improvements, and Local
Access Streets. Gwen Dupree, Principal of Sierra Heights
Elementary, requested item f14, Secondary Arterial (Union Ave.
NE from NE Sunset Blvd. � , NE 24th St.)be placed on a higher
Priority and that the wo not be done while the children are
going to school. Dori, Sa,.lers, 1909 UrA on Ave. NE, noted need
for sidewalks on Union Ave. rE (item 014) giving the project a
higher priority am for patrol of traffic in the area.
Mrs. Sanders presented petition with 62 signatures. Versie
Vaupel, 221 Wells No., questioned Wells Ave. Bridge and approaches,
item a8 (Secondary Arterial),and North 1st Street from Park Ave:
North to Burnett Ave. North, item 02 (Local Access Street)
and questioned local assessment or if city taxes would be involved.
Mr. Gonn4son noted item 08 is funded under the Federal bridge
replacement program and no local assessment was anticipvted for
item m2. Robin Little, 264 Maple Ave. NW, questioned item 06
(Collector Arterial), Taylor Ave. NW 8 Taylor Place NW from
Renton Ave. Eat, to Stevens Ave. NW, re funding of this project.
Mr. Gonnason noted estimate of 25: of an LID to be paid by
abutting property owners for curbs, gutters, sidewalks, etc. and
FADS Funding for the remaining portion. Nancy Tiede, '26 Burnett
A-e. No., property owner on SW 43rd St., requested additional
inrormation on item a1 (Major Arterial) SW 4ird St. from East
valley Road to West Valley Road. Mr. Gonnason noted plans are
essentially complete and finalizing appraisals and negotiation
of right-of-way relocations assistance program is starting, and
the project construction should begin approwinat0y ' nuary, 1980.
George Davis, 1900 SW 43rd St., suggested moving bit .ings back
on SW 43rd St. David Campbell, 403 SE filth St. , noted opinion
that project should be reconsidered. Ed L, Reitan, 844 Reitan Rd.,
Klnt, noted interest in the history and preservation of Oriilis
(SW 43rd St.), Councilwoman Shinpoo questioned if the preservation
of Orillia had been considered. Mr. Gonnason noted council requested
>� SW 43rd St. as a1 project in 1479 and that clearance had been received
from State Archives Historical Groups. Dennis Stremick, 1532
Smithers Ave. So., inquired or hign cost item m4 (Major Arterial)
and the need for barriers to be provided along bike paths dividing
from roadway. Mr. Gonnason explained the design of the bridge and
roadway to be constructed under 1-405 and channelization, and
design of bike paths in the area.
Renton City Council
6/18/79 Page 2
Public Hearing - Continued
Six-Year MOVED BY STRECiCKE, SECOND PERRY, TO SUSPEND THE RULES AND
Transportation ADVANCE TO THE TRANSPORTATION COMMITTEE REPORT. CARRIED.
I mprov emfm Transportation Committee Chairman Trimm presented committee
Program report recommeidlry Item f8-Major Arterial, NE 4th S', from
Monroe Rve. NL to Union Ave. NE he moved up frim a8 to a2
Trans ortation and the remainder of the items be mover' down accordingly.
adeittee Report MOVED BY TRIMM, SECOND STREDICKE, TO CONCUR IN THE COMMITTEE
RECOMMENDATION. CARRIED. Transportation Committee Report
recommended referral to the _Waas�an.�d Means Committee for
resolution requesting the Washington State partment of
Transportation to conduct a regional traffic. stud,,item x3.
Spot Improvements. Following discussion it was MOVED BY
TRIM, SECOND PERRY TO CONCUR IN THE COMMITTEE RECOMMENDATION.
CARRIED.
MOVED BY STREDICKE, SECOND SHiNPOCH, TO MOVE ITEM e14, SECONDARY
ARTERIAL, UNION AVE. NE FROM NE SUNSET BLVD. TO NE 24TH ST—
TO ITEM 03 ANL TnE REMAINDER OF THE ITEMS BE MOVED DOWN ACCORDINGLY.
CARRIED,
MOVED BY STREDICKE, SECOND PERRY TO CLOSE T,'€ PUBLIC HEARING.CARRIED.
MOVED BY STREDICKE, SECOND SHINPOCH TO ADOPI THE SIX YEAR
Adopting Motion TRANSPORTATION IMPROVEMENT PROGRAM AS AMENDED ANC REFER TO
WAYS AND MEANS COMMITTEE_. ROLL CALL: 5-AYE: SHINPOCH, STREDICKE,
ROC R, C YM 2-NO: PERRY, SHANE, MOTION CARRIED.
MOVED BY STREDICKE, SECOND SHINPOCH THAT MATTER OF PEDESTRIAN
SAFETY ON UNION AVE. NE AND THE FINAL DESI',N OF SW 43RD BE
REFERRED TO THE TRANSPORTATION COMMITTEE 70 MEET WITH THE
RESIDENTS TO EXPLAIN THE INDIVIDUAL PROJECTS FOR THEIR AREA.
CARRIED.
Recess MOVED BY STREDICKE, SECOND PERRY, COUNCIL RECESS. CARRIED.
Council recessed at 9:35 p.m. and reconvened at 10:05 p.m.
Roll Call - A11 council members present.
AJDIF's'F 'WNT gave Campbell, 403 SE lath St., inquired about fundii:y of projects
Transporr,.rion Ir. the Six Year Transportation Improvement Program.
Program
Sidewalks in Beth ' smpbell, 403 SE llth St., inquired about previous request
Area of Boeing for sidewalks near Boeing. Mr. Gonnason noted inclusion in
the Transportation Program (Secondary Arteria' 015) with a City
iniateu LID e.pected to come before the Council this year.
SW 43rd Si.- vancy Tiede. 228 Burnett Ave. No., rena^sted to be notifed of
St.Improvements meetings regarding SW 43rd St. street improvement project.
OLD BUSINESS
Committee of the Council President, Barbara SM npoch. presented the Committee
Whore Re ort of the Whole report noting meeting re city Insurance program.
ity Insurance The Committee took no action re this subject.
July 4, 1979 Council President Shinpoch noted challenge by the Renton Senior
Soft Ball Game Center to a game of soft ball on July 4, 1979. Mayor 6 Council
agreed to accept the challenge.
Communi x Services Cormunity Services Committee Chairman Stredicke presented report
Committee Report recommending no action re property tax relief .or Senior Citizens
since the state has preemented the cities, no action re water/
Senior Citizens/ Sewer rates since it is now handled administratively, noting
Property razes, Metro Sewer rates and campaign for lower rates, and that the
City Water 8 proposal to eliminate the utility tax on certain resident be
Sewer Rates, METRO referred to the Finance Department and the Ways and Means Committee
Rates, and City for further stady with a report back to the entire council
Utility Rates
Renton City Council
6/18/19 Page 3
Old Buviness - Continued
Senior Citizens MOVED BY STREDICKE, SECOND SHINPOCH TO CONCUR IN THE RECOMMENDATION
Taxes, Water 6 TO REFS° THE MATTER OF UTILITY TAX ELIMINATION FOR CERTAIN RESIDENTS
Sewer Rates RE REFERRED TO THE FINANCE DEPARTMENT AND THE WAYS AND MEANS
COMMITTEE FOR FURTNEk IMY ICN�R`E AT BACK TU-COUNUI . RILL CALL:
3-AYEi-SRINPOCH, STREDICKE, PROCTOR, CLYMER, TRIMM; 2-140. PERRY,
SHANE. MOTION CARRIED. MOVED BY STREDICKE, SECOND SHINPOCH TO
CONCUR IN THE COMMITTEE RECOMMENDATION TO TAKE NO ACTION REGARDING
WATER/SEWER RATES. RO" CALL: ALL AYES EXCEPT COUNCILMAN SHANE.
MOTION CARRIED. Councilman Stredicke requested the record show
METRO'S action to come up with a special rate within four months
probably not to exceed $2.50 for qualified senior citizens, which
is the first time for such a rate to be given.
Victoria Park Councilman Stredicke noted receipt of letter from Victoria Park
Request for Home Owner's Association requesting dumpsters from the City
Dumpsters for their spring clean up. Mayor noted approval for the Association
to contact another garbage disposal company to provide services
as General Disposal does not provide dumpsters.
Ways and Means Ways and Means Committee Chairman Clymer presented report recommending
Committee Rejrort concurrence in the appointment of Mr. Jim Gepford to the Library
Board. Term to be effective to June 1, 1984. MOVED BY PERRY,
SECOND SHANE 10 CONCUR IN THE COMMITTEE RECOMMENDATION. CARRIED.
Sout, 18th St. The committee report recommended that the Public Works Department
Closure proceed with the closure of South lath Street with funding from
within the existing Street Department budget. Councilman Perry
noted for the record this request for funding is an additional
rcquiremant to the budget this year and that the Public Works Dept.
may request funds at the end of year for funds expended at this
time. MOVED BY CLYMER, SECOND SHANE TO CONCUR IN THE COMMITTEE
RECOMMENDATION, CARRIED.
Transportation Transportation Committee Chairman Trimn presented report recommending
pamittee Report the new SR 515 Phase 11 roadway �extendiri from South Puget Drive
am 0 to the South City Limit at approximately South 31st Court) be named
Benson Drive Benson Or-ve. MOVED BY STREDICKE, SECOND SHANE TD CONCUR IN
(SR 515 Phase II) THE COIMP;TEE RECOMMENDATION. CARRIED,
Maximum 151 Rod9 The committee report recommended that all future road construction
Grade be a maximum of a 15' grade. 'MOVED BY SHANE, SECOND TRIM TO
CONCUR IN THE COMMITTEE RECOMMENDATION AND REFER TO WAYS AND
MEANS COMHITTFF FOR ORDINANCE, AMENDING MOTION BY STREDICKE,
SECOND PERRY THAT ALL REQUESTS TO EXCEED THE MAAIMUM 15" GRADE
ARE TO BE APPROVED BY COUNCIL. AMFNDING MOTION CARRIED. *ORIGINAL
MOTION CARRIED AS AMENDED.
LID 307, Raymond The committee rco,rt recttnmended acceptance of low bid of Frank
Ave.-Street Coluccio Construction Co. and award of contract for LiD 307,
Improvements-Award Raymond Ave. SW, Street improvements in the amount of $366,136.50.
of Contract MOVED BY SHANE, SECOND TRIMM TO CONCUR IN THE COMMITTEE RECOMMENDATION.
CARRIED. (See Lcnsent agenda for referral)
ORDINANCES AND RESOLUTIONS
Ways and Means ways and Means Committee Chat 'man Clymer presented committee
Gin it'tee-TeWrt report recommending second and final readings of the following
ordinance:
ORDINANCE $3323 Ordinance was read changing the zoning cl.ssi#icatiun of certain
RMN (_o RClone properties within the City from general classification district
R-329-79 G-9600 to light industrial district L-1. RMH Co. file no. R•329 79.
MOVED BY CLYMER, SECOND SHANE 10 ADOPT THE ORDINANCE AS READ.
ROLL CALL: 5-AYE: SHINPOCH, PROCTOR, PERRY, CLYMER, SHANE;
1-NO: STREDICKE (Councilman Trimm was not. present) MOTION CARRIED.
Councilman Stredicke requested the record show his objertron
as rezone not in accordance with present comprehensive elan.
Renton City Council
6/18/79 Page 4
Ordinances and Resolutions - Continued
The coeaaittee report recommended the following ordinances for
first reading:
ORDiNANCEd'3324 Ordinance was read deleting certain sections of city code
foT @ re police regulation— MOVED BY PERRY, SECOND SHANE TO ADVANCE
Regulations TO SECOND AND FINAL READINGS. CARRIED. Following readings it
WAS MDVEO BY PERRY, SECOND SHANE TO ADOPT THE ORDINANCE AS READ. ROLL
CALL:ALL AYES(Except Councilman Trimm who was not present)MOTION CARRIED.
Alley Vacation Ordinance was read vacating a portion of alley between SW 12th
between SW 12th and SW 13th Streets as petitioned by Gunnar Ostlund. VAC-11-79.
A 13th Streets NOV ) BY STRFDICKE, SECOND SHANE TO REFER SACK TO WAYS AND MEANS
VAC-11-79 COM`41TTEE. CARRIED.
CONSENT AGENDA The following items are distributed to all Council members and
adopted by one motion without separate discussion unlesi requested.
(Adopting motion to follow agenda items.)
MOVED BY STREDiCKE, SECOND PERRY TO REMOVE ITEM Bit RE WEST WILL
FROM THE AGENDA, CARRIED.
West Hill Request Letter from :.est Hill Commucity (Jane Gavin, Zbb Lind Ave. NW) was
for Building read lis'inq propose) building requiremKnts for condominiums
Requirements on the West Hill. MOVED BY SHANE, SECOND PERRY TO REFER TO
THE PpBLIC yQRKS DIRECTOR. CARRIED. Councilwoman Shinpoch
took no part in discussion due to conflict of interest.
LID 307. Raymond City Clerk Mead reported June 13, 1979 bid opening for LID 307,
Ave. SW - Bid Raymond Ave. SW street improvements and sanitary sewers. See
Opening attached tabulation. Refer to Public Works Department
_ and
Transportation Committee. (See ransportat of n Committee report
page .
Request for Letter from Public Works Director Gonnason requested travel
Travel authorization for Cliff Davis for Muitisonics training on new
Multiplex Test Unit in Oakland, California. Request for
$135.00 advance travel funds. Concur.
Alley Vacation City Clerk Mead reports petition filer by E. Pierotti for alley
between SW 12th vacation between SW 12th and SW 13th Streets. (VAC-14-79) Refer
& 13th Street; to Public Works De tt., Board of, Public_korks, and TransLgrtat!pn
(VAC-14-79) Committee for verification of peti'tfoo, appraisal and easenrents.
ire e-r to Waysand Means Committee for resolution setting
August 6, 1979 farDu6lic Fieerinq.— oncur.
75E". Petition City Clerk Mead report 75t annexation petition filed for Lazetti
Lazetti annexation. Area in vicinity East of Kirkland Ave. NE & West of
Annexation Honey Creek Park and North of the City Lim'ts. Request for
public hearing to be set for July 16, 1979. Concur,
10t Letter of City Clerk Mead reports 10: Letter of latent to a nex property
Intent - Union in the vicinity West of 136th Ave. SE to Union Ave. ME, South
Ave.NE Annexation of NF 4th St. to SE 2nd P1. Request for public meeting to be
set for July 9, 1979. Concur.
LID 307-14onterey Letter from Public Works Director Gonnason requested acceptance
Terrace of completion of LID 309 Monterey Terrace Underground Conversion
as of June 12, 1979 and set the hearing for the Final Assessment
Roll on July 23. 1979. the final roll was submitted in the
amount of $61,279,60. Concur,
Josephine Nunn Hearing Exaniner recommended approval with restrictive covenants of
Rezone rezone P-342-79, Josephine 0. Nunn, from G to R-3. Property
R-342 located 900' So. NE 4th; West of Union NE, between Greenwood
Cemetery & City property. Concur and refer to Nays end Means
Committee for Ordinance.
Renton City Council
6/18/19 Page 5
Consent Agenda - Continued
S�hwart:enberger Hearing Examiner recbmaended approval with Restrictive Covenants
Rezone
of Rezone R-339-79. Yhn. Schwartzenberger, from G to R-4. Property
R-339-79 located West side of Shattuck Ave. So. between Burlington Northern
RR R/W and So. 7th St. Concur and refer to Wayi-Anl - -
CORRESPONDENCE AND CURRENT BUSINESS
Request for Letter was read from Public Works n irect r Gooeet ampnorecommendi g
LID - East an LID be initiated, by Resolutio
on
Valley Road East Valley Road. Program has been expanded to include the
following: East Valley Road from SW 41st St. to SW 16th St. and
SW 16th St. from the East Valley Road to Lind Ave SW; SW 27th St.
from East Valley Road easterly to a point in the Longacres property
approximately ''00 feet easterly Of thelrailrout ad tracks 4 and
ast SW
19t6 St. from Raymond Ave. SW (p Y
Valley Road. Construction o C to begin in early 1980. MOVED BY
PERRY ECOPN
TOTEENC3CARRiLDE REC0MIENDATION AND REFER
Audit of Taxes Letter was read from Deputy Finance Director Bennett not E the
Paid results of an audit of taxes p<td by the City, performed
State of Washi.igton Department of Revenue, for years 1975 t. rough
1978 'indicating prior taxes due of $7,999.00 plus $1,460.00
interest at 9% to 6/30/79, total amount
due of $9.454.00. Referral
S ND requested to TO theCON ways
R NaR QUESTS CCARRIEO. tlEO BY SNANE, SECOND
NEW BUSINESS
Councilman Stredicke requested notice of days and time the
County is available at city nail. Councilwoman
Councilwoman County Councilperson
Thorpe Thorpe is Monday of each lmonth able tatd 4:30-6:30 p.m. , sixth floor iscuss County subject r office. 4th
ADJOURNMENT MOVED BY SHANE, SECOND PERRY, MEETING ADJOURN. CARRIED.
11:40 p.m.
xtne E.Motor,
Deputy City Clerk
� r
B)D TABULAT IUN SHEET
PROJECT : I ;0 307 - RAY"t) AVE.
DAT E l 197�
%�n, • :uuctioe Co, Total Ba' 'C Bid $487,;-!:. !�
.0 36 Sanitary Sewer
Woodtrville, WA 98072 Be. EEO, AA Alternate B S 39 745.00
Storm Serer
ternate 8 S 16J10.00
Frank Cdlucci0 Construction Co• lot.al 8.
9600 Er-ire Way South Sah!tar, _w(-r'
Seattle, WA 9811H Be, Et), AA Alternate B 3 b1,442.ZG
Storm Spwer
�— 111terndL2 (i W
Total bd11, dl,i
Sanitary Sewer
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Storm Sewer
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CITY COUNCIL COMMITTEE MEETING CALENDAR
Office of the City Clerk 18
COUNCIL COMMITTEE MEETINGS SCHEDULED AT CITY COUNCIL MEETING Of ,,.y, L ___—..�---
lm9
—
_ LOCATION RENARKS
DATE TIME CHAIRMAN _ --
(` COMMITTEE --
-- SHINPOCH
COMMITTEE OF THE WHOLE NO JULY MEL ING
PLANNING AND DEVELOPMENT Thurs. 6/21 4:30 P.M.
PERRY 6th Floor Conf. Room appeals - Read 6 Brown
STRF DI CKE
COMMUNITY SERVICES
WAYS AND MEANS
Hon. 6/Z5 7:00 P.M. CLYMER 6th Floor Conf. Room
PROCTUR
PUBLIC SAFETY
TRIMM •
TRANSPORTATION
SHARE
UTILITIES
OTHER MEETINGS 6 EVENTS
OFFICE OF THE CITY CLERk
PERMITS ISSUED BY THE BUILDING DEPT.
JUNE 18, 1979
BUiLD1 PERMITS
6713 S $00 Presley H. RicMrdson 3311 SE. lbth St. Construction Storage Shed
6714 600 Lawrence Naish 1212 N 33rd Install Dew Siding
6715 1500 Willy Nelson 968 Edmonds Ave. HE Construction Addition
6116 3141 Leonard Stahlecher 1419 Index Ave. NE Install Lanemann Fireplace
6717 6135 A. J. Porcello ill A 3175 S 3rd ST. Install hot Roof
6718 500 Virginia Beret 116 S 2nd Demolition of Bldg.
6719 60 Edward Brown 1917 Blaine Family Room Addition
6720 W Ray Harker 832 SW 4th Place House Addition A Detached Gar.
6121 5 Swanson-Dean Corp. 2914 Kennewich Place NE Demolish Residence
7622 44 Pat Murphy 1214 S 3rd St. Detached Garage
6723 172 Louie Gebenini 678 Sunset Blvd. NE Construct Nodular Home
6724 1232 Austin Company 1801 Lind Ave. SN Construct Foundation
6725 t Adrian Rowe 1110 N 32nd Install Fireplace
6726 160 Leonard Builders 4314 SE 4tn Pl. Condturct Single Family Res.
6727 160 Leonard Builders 4320 SE 4th P1. Construct New Residence
6728 1221 Boeing Commercial Boeing Renton Plant Renovate Building
6729 169 Northwest Homes 1416 Jones Ave. NE New Residence
6730 40 Horst Kate] 201 Union Ave. SE Install Shed,Carport,Ueck.Patio.
6731 28 Lester Veil 210 Union Ave. SE Install Carport A Patios
6732 32 C.M. Sutherland 201 Union Ave. SF Install Storage Shed
6733 44 Sandra Polley 1056 Kirkland NE Const. Utility A Family Rm.
6734 136 Holmes Electric Co. 1415 Seneca Ave. SW Repair Fire Damaged Oldg.
6735 88 M►thersoo 2502 Sunset Blvd. RE Const. Addition to Residence
6736 217 Stanford C. Whitsoe 205 S 14th St. New Residence
6737 40 H.F. Mathwson 425 Maple Ave. SW Install Heating System,
6738 24 Port of Seattle 3900 NE filth St. Remodle Bedrooms
6739 235 Larry ;raft .915 Union Ave. NE Construct Family Residence
ELECTRICAL PERMITS
WV--
— liax Pfitzner 3S12 loth P1 NE Wire Addition
8059 43 Bill Mohr 921 Thomas Ave. SW install Lighting Circuits
8060 39 Raymond Leahy 431 Burnett Ave. S Install New Service
8061 45 Spring Tree Apartments 4308 NE Sunset Blvd, Extend Outdoor Lighting Circuit
8062 27 Charles Henderson 3111 SE 2Ctn Court Wire Single Family Res.
8063 28 Charles Henderson 3221 SE 20th Court Wire Single Family Res.
8Ob4 28 Charles Henderson 320" $E 2Uth Court Wire Single Famtly Re%,
ODES 27 Charles Henderson 3117 SE 2001 Court Wire Single Family Ne,
8066 15 Philip Brown 1033 Hediond Ave. NE Wire Addition
8067 387 John Moe 1850 Gran! Ave. S Wire Bldg.
8068 156 Community Bank of Renton 3003 ME Sunset Blvd. Wire New dank
8069 15 Pre-Cut International 600 SW 13tn Street Install Temiporary Service
BO/U 1104 Jack A. Oenarcya Co. 600 SE 43rd St. Tenant
8071 10 Mrs. Charles Green 201 Union Ave. SE Wire Storage Shed
8072 10 S.C.S. LTC 1800 Grant, Ave. S Temp. Service
8073 550 Garfield Auto Freight 200 SW 33th Install Electrical System
$074 36 Brown/Strana Homes 905 N 36th St, Wire Single Family Re;.
U75 42 Joseph Upshaw 241E Edmoiuls Ave NE Wire Single Family Res.
9076 32 George W. Ooerooltzer 4415 NE and PI. dire New Residence
807- 32 George Oberhottzer 4109 NE 22nd P1. Wire dew Residence
MECHANICAL PERMITS
17FF---'r-VAx Pfitzener 3522 10ta Pl. NL Extend Esistin9 Plumbing
6782 16 Dave Clark 3103 Mt. View Install Bathroom Fixtures
6783 10 Charles Henderson Co. 3111 SE ?Otn Court Install BTti Gas furnace
E784 10 Brow/Strand Homes 905 N 36th St. Install 8% Electric Furnace
6785 30 Bob Edwards Renton Shopping Center Install Plumbing A F xt,res
6786 7 Al Courtney 4325 SE 3rd St. Reroute Building_ are,
6787 10 Wayne Hills 666'i Sunset elve. N Install BTU Gas Fu"na:.t
6788 32 James Carver 1607 Jones Ave. NL Install Blouse fixtures
6789 10 George Oberholtzer 4114 ME 22iwz Plate install Electric Furnace
6790 10 George Owholtzer 4116 NE 22m0 Place install Electric furnace
6791 7 June Willis 4329 SE 3rd Street Reroute building ?train
679" 30 Joseph Upshaw 2416 Edaireis Ave. NI Install House fixtures
6793 47 R.J. Reitz 1221 N 26tn ["stall Piwmuim9 Fixturvs
6794 17 Art Smart 4411 SE 2n4 PL. install Plumbing Fixtures
6795 $70 SCS Moldings 330 Duemmnt P1, HE Install Plumuirg Fixtures
PERMITS ISSUt0 NY Tri£ 011UIN6 0111
MECHANICAL. PERMITS cont.)
3T4b.. b5� k1Ju�q. 110) 6r4nt Av,, s In-,tall Pluxiolay Iixturrs
6791 6S SCS ibldir.y. 180•) Grant Avc. S Install riumong Fixtures
67% 1 O.M. ProporrI,s '31" 514 Grad/ way Install Vent Piping
6799 111 SCS Holdings IA00 Grunt Ave. S Install P106ing fixtures
6800 35 Brownhteand 110ow, 130,1 N Min Street Install Plumtinq fixtures
CONSTRUCTION PERMITS
1'4�7 _ _—1'4V Tiry Carner M!, Talhot Rd S fide Sewer Installation
1938 120 Al Courtney, 4325 SE 3rd Street Install S.niLary Side Sewer
1939 120 Brain/Strand Homes 905 N 36ai St. Install Side Sewer
1940 120 Stanley Christianson 4430 SE 3rd P1 Install Sanitary Side Sewer
1941-A 689 The Koll Co, East Valley 6 SW 43rd Install Cur6,Gutter,Storm Drain
1941-8 120 Connis Shaw 257 Vashon Ave. SE Connect Side Sewer
1942 25 SpringTree Apts. 4308 NE Sunset Blvd. widen Driveway
1943 43b SCS Holdings 602 S W41liaas Driveway Approaun
1944 120 Loretta H. Taylor 426 Chelan Ave. SE Install Side Sewer
1945 120 June Willis 4329 �E 3rd St. install Side Sewer
1946 IN Arthur Smart 4417 SE 2nd P1. Install Side Sewer
REVOCABLE PERMITS
W40 John S. Holmes a 1717 Uc.,,n Ave. ME Install Septic Tank 4 Drainfield
Howard R. Kienle
SIGN PERMITS
7U--- 15 Herty's 1� 1 Sunset blvd. N Install Pole,Pro3ectiny,wall
705 15 Dan Magini 3901 ME 4to Street inctail Pole Sign
ENDING
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