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Council 11/26/2007
• AGENDA RENTON CITY COUNCIL lkik REGULAR MEETING November 26, 2007 Monday, 7 p.m. 1. CALL TO ORDER AND PLEDGE OF ALLEGIANCE 2. ROLL CALL 3. SPECIAL PRESENTATION: July 4th Wrap-Up 4. ADMINISTRATIVE REPORT 5. AUDIENCE COMMENT (Speakers must sign up prior to the Council meeting. Each speaker is allowed five minutes. The comment period will be limited to one-half hour. The second audience comment period later on in the agenda is unlimited in duration.) When you are recognized by the Presiding Officer, please walk to the podium and state your name and city of residence for the record, SPELLING YOUR LAST NAME. NOTICE to all participants: pursuant to state law, RCW 42.17.130, campaigning for any ballot measure or candidate from the lectern during any portion of the council meeting, and particularly, during the audience comment portion of the meeting, is PROHIBITED. 6. CONSENT AGENDA The following items are distributed to Councilmembers in advance for study and review, and the recommended actions will be accepted in a single motion. Any item may be removed for further '' discussion if requested by a Councilmember. a. Approval of Council meeting minutes of 11/19/2007. Council concur. b. Hearing Examiner recommends approval, with conditions, of the Honeybrook Circle Division II Preliminary Plat (PP-07-085); 26 single-family lots located at 4915 NE 7th St. Council concur. c. Transportation Systems Division requests approval of a rent increase for all T-Hangar units at the airport from $285 to $301.31 per month plus leasehold excise tax. Council concur. 7. UNFINISHED BUSINESS Topics listed below were discussed in Council committees during the past week. Those topics marked with an asterisk(*) may include legislation. Committee reports on any topics may be held by the Chair if further review is necessary. a. Committee on Committees: 2008 Council Committee Assignments b. Committee of the Whole: 2008 Bond Sale Resolution* c. Finance Committee: 2007 Year-End Budget Amendments* d. Public Safety Committee: Public Defense Contract; Fire District#25 Contract Addendum* 8. RESOLUTIONS AND ORDINANCES Resolutions: a. Approving the sale of water and sewer revenue bonds (see 7.b.) b. Addendum to operating agreement with Fire District#25 (see 7.d.) Ordinance for first reading: 2007 year-end budget amendments (see 7.c.) (CONTINUED ON REVERSE SIDE) Ordinances for second and final reading: a. Utility rates(1st reading 11/19/2007) b. 2007 Budget amendment re: Benson Hill Communities Annexation(1st reading 11/19/2007) c. Golf course green fees and driving range fee(1st reading 11/19/2007) d. Establishing property tax levy for 2008 (1st reading 11/19/2007) 9. NEW BUSINESS (Includes Council Committee agenda topics; call 425-430-6512 for recorded information.) 10. AUDIENCE COMMENT 11. ADJOURNMENT rook COMMITTEE OF THE WHOLE AGENDA (Preceding Council Meeting) Council Chambers 5:30 p.m. 2008 Bond Sale Resolution; 2008 Budget Deliberations Hearing assistance devices for use in the Council Chambers are available upon request to the City Clerk • CITY COUNCIL MEETINGS ARE TELEVISED LIVE ON GOVERNMENT ACCESS CHANNEL 21 AND ARE RE-CABLECAST TUES.&THURS.AT 11 AM&9 PM,WED.&Flu.AT 9 AM&7 PM AND SAT.&SUN.AT 1 PM&9 PM \��1/� ; / j' f ' `)\) : / ) ///// , ..- , ''''- / 1 : ' _-_,e:', ,:.: ,.---._,5__I-;:i--,- _ , , \ ,, , _____ ___________ ___-----/,,_,'_--,,--- -_-_--_-_-_:,-_- -- ' , - „,-j--77-----__ --I.- -`‹ _____.. __ ',' ,,,,,,T-:-- -4.7-L',.`` ' „swh � ,, � ss �-- � v3' a aAc�a s3s- 3 �`"� ' li» m~ _ '1,414 ;=a4—' .. i 14, s, -:.--4,4- --!,,,,', 4''''-'-'4'1.-''''-_, g .5,';', 3- ' CO �t - ($15,220.00) ($25,453.06) ($27,514.88) ette14 =Pth 3 ($13,278.00)' ($27,415.53)' . ($55,779.68) Total Cost ($28,498.00)- ($52,868.59)- ($83,294.56) Spansof p , None $25,000.00 $28,000.00 Total Cost to Cly_ ($28,498.00)- ($27,868.59)- ($55,294.56) *4th of July Celebration was held at Liberty Park 'Not figured with all benefits included • In 2002 the 4th of July event was held at Liberty Park. In 2003 the event moved to Gene Coulon Memorial Beach Park and received an increased allocation for hard costs of$25,000. That amount has remained the same for the last four years and is reflected in the 2004 and 2007 figures. The additional dollars reflected in 2007 include the in-kind in-house print shop costs. • The 2007 figures show an increase in personnel costs which are attributed to the pro-active safety and Emergency Preparedness Plan, the use of Project Accounting for accuracy, and the addition of benefits. • Sponsorship revenue reached an all-time high this year through Revo225's title sponsorship and two supporting sponsors. Currently Marketing Value Impact funding for this event is offset by sponsorship dollars. Should these - - funds be 30 unavailable in the future, we may be faced to re think how - � n & k� we produce the event. Total sto<cit $55,294.56 T �- -- - • The table to the left reflects the value of publicity the City receives .Mti ` e ; $32,473.17_ through 4 iW � p._ .__..�a._ the celebration as income.st- terValue. $22,811.39 • The 4th of July celebration directly impacts community Businesses, creating revenue increases while also providing an opportunity for"spin-off'events. The July Fireworks Paddle is just one example. 2007"Revo225's Fabulous 4th of July"Report 9 \\ it ( - i ' / - / / fr//7 -- , r. s_ / ; , Planning for next year's event begins almost as soon as the current year has concluded. With post-event debriefs and after-action reports, City staff chart successes, challenges, lessons learned, and considerations for future events. Future plans for"Renton's Fabulous 4th of July" include: • Evaluating shuttle service providers, costs, and off-site parking locations • Improving shuttle service for event attendees • Potential off-site boat trailer parking • Developing a long-term parking plan to include the new parking garage at The Landing • Build a supporting relationship with The Landing property developer and merchants • Increase effectiveness of survey by widening outreach, completion of survey by more attendees throughout the park boundaries, and the duration of the event • Policy decisions regarding use of tents and barbeques in the park during the event • Availability and strategic placement of recycling bins • Include common landmarks on event map for easy reference and incident response • Consider key event personnel to share central command post(i.e. Police, Fire, Community Services, Park Maintenance) • Combine separate Police and Fire Incident Action Plans into a combined user-friendly special event format In order to facilitate the 2008 event in a timely manner, sponsor funding needs to be secured by the end of February 2008. Staff is cominttted4o work with,past'sponsors, and to seek new ones as may be needed. Should;sponsor lev Is fall short,staff will develop*lternafive plans to present to the Council for:budget-adjustpient City staff continues to conduct research, evaluate options, and facilitate effective discussions and decision-making to achieve the best event management possible for future 4th of July community celebrations in Renton. 2007"Revo225's Fabulous 4th of July"Report 10 I RENTON CITY COUNCIL Regular Meeting November 26, 2007 Council Chambers Monday, 7 p.m. MINUTES Renton City Hall CALL TO ORDER Mayor Kathy Keolker called the meeting of the Renton City Council to order and led the Pledge of Allegiance to the flag. ROLL CALL OF TONI NELSON, Council President; DENIS LAW; TERRI BRIERE; MARCIE COUNCILMEMBERS PALMER;DON PERSSON; RANDY CORMAN. MOVED BY NELSON, SECONDED BY LAW, COUNCIL EXCUSE ABSENT COUNCILMEMBER DAN CLAWSON. CARRIED. CITY STAFF IN KATHY KEOLKER,Mayor; JAY COVINGTON, Chief Administrative ATTENDANCE Officer; LAWRENCE J. WARREN, City Attorney; BONNIE WALTON, City Clerk; GREGG ZIMMERMAN, Planning/Building/Public Works Administrator;ALEX PIETSCH,Economic Development Administrator; SUZANNE DALE ESTEY, Economic Development Director; MICHAEL BAILEY, Finance and Information Services Administrator; GERALD RERECICH,Recreation Director; SONJA MEJLAENDER, Community Relations and Event Coordinator; DEPUTY CHIEF CHUCK DUFFY, Fire Department; COMMANDER DAVID LEIBMAN, Police Department. SPECIAL PRESENTATION Community Relations and Event Coordinator Mejlaender presented a report on Community Event: July 4th the 2007 Revo225's Fabulous 4th of July celebration held at Gene Coulon Celebration Memorial Beach Park. She stated that the event focused on features for the whole family, including children's activities, live entertainment, professional fireworks display, on-site concessions, and free shuttle service. Ms. Mejlaender recognized the efforts of the City departments that contributed their expertise and resources for the safe and successful event. Ms. Mejlaender reported that the cost of the 4th of July event to the City, which was offset by $28,000 in sponsorship revenue, totaled $55,294.56. She noted that the event directly relates to the increase in community business revenue, the decline in fire-related incidents, and the opportunity for spin-off events such as the 4th of July Fireworks Paddle. Ms. Mejlaender concluded by listing the future plans for the 2008 celebration. Responding to Councilmember Briere's inquiry, Ms. Mejlaender reported that approximately 25,000 people attended the 4th of July event. ADMINISTRATIVE Chief Administrative Officer Covington reviewed a written administrative REPORT report summarizing the City's recent progress towards goals and work programs adopted as part of its business plan for 2007 and beyond. Items noted included: * Ivar's Clam Lights at Gene Coulon Memorial Beach Park begins November 30 and runs through January 1. * Visit Santa at his house at the southwest corner of S. 3rd St. and Wells Ave. S. on Fridays and Saturdays from December 7 to 22. AUDIENCE COMMENT Christopher Wagner(Benson Hill Communities Annexation area in King Citizen Comment: Wagner- County)requested the renaming of two roadways upon successful annexation Street Renaming, SE into the City of Renton. He reported that the various names of the first Petrovitsky Rd & Smithers roadway, known as SE Petrovitsky Rd., SE 176th St., SE Carr Rd., S. 43rd St., Ave S SW 43rd St., and SE 180th St., cause confusion to those who visit residents and } November 26, 2007 Renton City Council Minutes Page 405 businesses located on this road. For consistency,Mr. Wagner recommended that one name be used from the eastern to western City limits. Continuing, Mr. Wagner stated that the second roadway is known as Smithers Ave. S., Talbot Rd. S., Benson Dr. S., 108th Ave. SE, and Benson Rd. S. He noted the problem he has had in explaining to emergency dispatch the difference between the two Bensons. To create a greater distinction between Benson Dr. and Benson Rd., Mr. Wagner recommended renaming the roadway SE Benson Ave. MOVED BY PERSSON, SECONDED BY PALMER, COUNCIL REFER THE ISSUE OF RENAMING THE ROADWAYS TO THE TRANSPORTATION (AVIATION) COMMITTEE. CARRIED. Citizen Comment: Young- Tom Young(Mercer Island) introduced himself as the Constituents Services Congressional Outreach, Dave Manager for Congressman Dave Reichert, and reported on the services offered Reichert to constituents and cities in an official capacity, which include assisting citizens who have issues with federal agencies such as the Veterans Administration, assisting citizens to find grant opportunities, and assisting cities with appropriation requests. CONSENT AGENDA Items on the consent agenda are adopted by one motion which follows the listing. Council Meeting Minutes of Approval of Council meeting minutes of 11/19/2007. Council concur. 11/19/2007 Plat: Honeybrook Circle Hearing Examiner recommended approval, with conditions, of the Honeybrook Division II, NE 7th St, PP-07- Circle Division II Preliminary Plat; 26 single-family lots located at 4915 NE 7th 085 St. Council concur. Airport: T-Hangar Lease Rate Transportation Systems Division requested approval of a rent increase for all Increase City-owned T-Hangar units at the airport from $285 to $301.31 per month plus leasehold excise tax. Council concur. Added Item 6.d. Mayor Keolker appointed the following individuals to the Municipal Arts Appointment: Municipal Arts Commission: Doug Kyes, to fill a vacated unexpired term expiring on Commission 12/31/2008 (position previously held by Roosevelt Lewis); and Frederick Lund, to fill a term expiring on 12/31/2010 (position previously held by Patricia Riggs). Refer to Community Services Committee. MOVED BY NELSON, SECONDED BY CORMAN, COUNCIL APPROVE THE CONSENT AGENDA AS PRESENTED. CARRIED. UNFINISHED BUSINESS MOVED BY NELSON, SECONDED BY CORMAN, COUNCIL Committee of the Whole AUTHORIZE THAT THE 2008 BOND SALE RESOLUTION BE READ Finance: Bond Issuance, LATER IN THE MEETING. CARRIED. (See page 406 for resolution.) Utility Capital Projects Public Safety Committee Public Safety Committee Chair Law presented a report recommending CAG: 95-087, King County concurrence in the staff recommendation to approve the contract addendum to Fire Protection District#25 extend Renton's operating agreement with King County Fire District#25 for two additional years, through 2009. The Committee further recommended that the resolution regarding this matter be presented for reading and adoption. MOVED BY LAW, SECONDED BY PERSSON, COUNCIL CONCUR IN THE COMMITTEE REPORT. CARRIED. (See page 406 for resolution.) November 26,2007 Renton City Council Minutes Page 406 AJLS: Public Defender Public Safety Committee Chair Law presented a report recommending Services, Kameron C Cayce& concurrence in the staff recommendation to authorize the Mayor and City Clerk Associates to enter into an agreement with Kameron C. Cayce&Associates for public defense services for the years 2008-2010. MOVED BY LAW, SECONDED BY PERSSON, COUNCIL CONCUR IN THE COMMITTEE REPORT. CARRIED. Finance Committee Finance Committee Chair Persson presented a report recommending adoption of Budget: 2007 Year-End the 2007 year-end budget amendments ordinance, which appropriates funds Amendments from fund balance and new revenue increasing the 2007 expenditures in various funds and departments. This ordinance increases the 2007 budgeted expenditures by $3,584,104 and increases the revenue estimates by$7,726,095 for a net change of$4,141,991. The Committee further recommended that the ordinance regarding this matter be presented for first reading. MOVED BY PERSSON, SECONDED BY LAW, COUNCIL CONCUR IN THE COMMITTEE REPORT. CARRIED. (See later this page for ordinance.) RESOLUTIONS AND The following resolutions were presented for reading and adoption: ORDINANCES Resolution #3919 A resolution was read approving the sale of the City's Water and Sewer Finance: Bond Issuance, Revenue Bonds, Series 2008A, and Water and Sewer Revenue Bonds, Series Utility Capital Projects 2008B (Taxable), in the aggregate principal amounts of$9,975,000 and $2,035,000, respectively, to provide funds for the purpose of financing the costs of carrying out certain capital improvements of the waterworks utility; and approving the sale of such bonds to Seattle-Northwest Securities Corporation, all in accordance with Ordinance 5313. MOVED BY NELSON, SECONDED BY BRIERE, COUNCIL ADOPT THE RESOLUTION AS READ. CARRIED. Resolution #3920 A resolution was read authorizing the Mayor and City Clerk to enter into an CAG: 95-087, King County addendum to the interlocal cooperative agreement with King County Fire Fire Protection District#25 District#25 regarding continuing operation of Fire District#25 by the Renton Fire Department. MOVED BY LAW, SECONDED BY PERSSON, COUNCIL ADOPT THE RESOLUTION AS READ. CARRIED. The following ordinance was presented for first reading and referred to the Council meeting of 12/3/2007 for second and final reading: Budget: 2007 Year-End An ordinance was read providing for the 2007 year-end budget amendments in Amendments the total amount of$4,141,991. MOVED BY NELSON, SECONDED BY LAW, COUNCIL REFER THE ORDINANCE FOR SECOND AND FINAL READING ON 12/3/2007. CARRIED. The following ordinances were presented for second and final reading and adoption: Ordinance#5319 An ordinance was read amending Chapter 2, Storm and Surface Water, Chapter Utility: 2008 Rates 4, Water, and Chapter 5, Sewer,of Title VII (Health and Sanitation) of City Code to allow for adjustments to current utility rates. MOVED BY BRIERE, SECONDED BY PALMER, COUNCIL ADOPT THE ORDINANCE AS READ. ROLL CALL: ALL AYES. CARRIED. November 26, 2007 Renton City Council Minutes Page 407 Ordinance#5320 An ordinance was read amending the 2007 Budget for purchase of equipment AJLS: Benson Hill and recruitment and hiring of personnel in the total amount of$763,438, for the Communities Annexation, Benson Hill Communities Annexation, conditioned on official notice of an Budget Amend affirmative vote. MOVED BY LAW, SECONDED BY BRIERE, COUNCIL ADOPT THE ORDINANCE AS READ. ROLL CALL: ALL AYES. CARRIED. Ordinance#5321 An ordinance was read amending Chapter 1, Fee Schedule, of Title V (Finance Community Services: and Business Regulations) of City Code by increasing certain golf course green Maplewood Golf Course Fees fees and adding a driving range fee. MOVED BY NELSON, SECONDED BY PALMER, COUNCIL ADOPT THE ORDINANCE AS READ. ROLL CALL: ALL AYES. CARRIED. Ordinance#5322 An ordinance was read establishing the property tax levy for the year 2008 for Budget: 2008 Property Tax both general purposes and for voter approved bond issues. MOVED BY Levy NELSON, SECONDED BY CORMAN, COUNCIL ADOPT THE ORDINANCE AS READ. ROLL CALL: ALL AYES. CARRIED. ADJOURNMENT MOVED BY NELSON, SECONDED BY PERSSON, COUNCIL ADJOURN. CARRIED. Time: 7:38 p.m. /YI.f.0 LV C2 Bonnie I. Walton, CMC, City Clerk Recorder: Michele Neumann November 26, 2007 r RENTON CITY COUNCIL COMMITTEE MEETING CALENDAR Office of the City Clerk COUNCIL COMMITTEE MEETINGS SCHEDULED AT CITY COUNCIL MEETING November 26, 2007 COMMITTEE/CHAIRMAN DATE/TIME AGENDA COMMITTEE OF THE WHOLE MON., 12/03 Grant Ave. Townhomes Site Plan Appeal (Nelson) 5 p.m. *Council Chambers* Approximately Emerging Issues (Regional Issues) 6 p.m. *Council Conference Room* Approximately 2008 Budget 6:30 p.m. *Council Chambers* COMMUNITY SERVICES MON., 12/03 Neighborhood Grant Awards; (Corman) 4 p.m. City Code Revisions Regarding Municipal Arts Commission; Municipal Arts Commission Appointments (Kyes & Lund) FINANCE MON., 12/03 Vouchers (Persson) 3:30 p.m. PLANNING & DEVELOPMENT THURS., 11/29 2007 Comprehensive Plan Amendments (Briere) 2 p.m. (Benson Map Issues); Highlands Study Area Zoning Designation Correction; Development Regulations (City Code Title IV) 2006 Docket Review PUBLIC SAFETY MON., 12/03 CANCELLED (Law) TRANSPORTATION (AVIATION) WED., 11/28 Duvall Ave. Widening Project (briefing (Palmer) 4 p.m. only); Airport Leasing Policy; Local & Regional Transportation Issues Update UTILITIES (Clawson) NOTE: Committee of the Whole meetings are held in the Council Chambers unless otherwise noted. All other committee meetings are held in the Council Conference Room unless otherwise noted. • C> I a 61 ao oY �C�' TJ 1v • ..,,,,,. . .„„, . . . .... ..,...,..._„..,...,......,„. . ....,.„,..........,...„.„:„.„:„..„...... ...., ,..,„.......„..,.....,,,.....„_. . ��........„...„:„:„....„:„.„,„..„.„._::.„,::,,,..„..„..„..„,,_,:i._, ., . .. : , 007Revo LJ . ..... ............„.,„„,,, , .... . . ........, ... ....„ . ‘ ,... , ....,.., •._....,.. =..,...,.....................„................._ ., li...:::::...,....„:,.._..,,..:,;...,..7..........,:...„..„, . _ .:.: ... ...,. . S 0 „ 7... July” �a lQa Event ,, ort!• . . .,„ „ .._ . , ... . . ,,..,,,,,,.,..,,,,,,, J••-g- -----' - e :, .,:........,„„:„..,„:„...„,..„.„,„„„.=„,,,,..„.. ' .� }^, 5.r . ...„ .. -- •- `v�;s r;a 3 J ,yam ?NT, 'Y - - / -. .00!..„...--. .., ,„:„-4„..,„ , ...9 / - . '--. . ._',:1.17:7 f :.:.'i,"".'I::.7'-''_ ,,,,,,04,..e. i , it:, , ., j i_ ,,,,,,,,,,,,,.. ::: 1 ,, F1 1 � r s * 4,4' s ' i a i. itzajoiliiiito.„ • 7 i M ;7- 7, 1i-7r.,,i11] N Ah EAD 1AA .. Acknowledgements: Kathy Keolker, Mayor Renton City Councilmembers Jay Covington, Chief Administrative Officer Terry Higashiyama, Community Services Administrator Michael Bailey, Finance & IS Administrator Ted Hickey,Fire Investigator/Pub Ed Cindy Zink, Finance Analyst Supervisor Karl Hurst, Print and Mail Coordinator Kathleen McClincy, Commander Bonnie Rerecich, Community Services Resources and Funding Manager Sonja Mejlaender, Community Relations and Events Erin Snodgrass, Resource and Events Intern Dan Henderson, Owner of Cascade Canoe &Kayak Bonnie Sanchez, Ivar's and Kidd Valley Restaurants Ken Saunderson, Hamilton/Saunderson And the many other contributors z\` 1/ j / - _ j / r� 1 /--,N, '' N- ' y / ' N - \� rr - y j t2 Introduction . 2 Collaborative Effort 3 Expenses 4 Personnel Costs .. 5 Sponsor Support .. 6 Community Benefit and In-Kind Support 7 Values of Marketing Community Benefit and In-Kind Support 8 Fireworks related incidents, Revenues, and "Spin-Off Events Summary 9 Plans for the Future .10 Appendix A. Zip Code Results B. Survey Tool 2007"Fabulous 4th of July" Report 1 1 / - 1 - < / /7/ ?'. , I :// 7,A/ •,' ."„" i ' i 2 1 .-____ -----, ----_„,„,_.,_,,,___:_::"\,...„,:::77, (K ' ---za-/----.''''''''.-.- ----- --z- - __:2--s-'-- _.' ' . * '*\ '...• -** - - -- The City of Renton's annual 4th of July celebration reflects our commitment to the citizens of Renton by creating a welcoming atmosphere, allowing people to visit,play, and celebrate in a safe and healthy environment. This year's 2007 event, "Revo225's Fabulous 4th of July," focused on features for the whole family: • Free children's activities and face painting • Live entertainment • Professional fireworks display • On-site concessions • Free shuttle service from 9:00 a.m.—midnight The following report presents an overview of the event including each City department's role, expenses,personnel costs, sponsor support, community benefit &in-kind support, a summary and appendixes showing the survey tool that was used at the event. &fi=r - '.- '- , �, � i•LAlli . - c • , ,f,- �' ktr, s ':‘,tii f � �,:, .�„ ' f P�i -;.- V �`4':i1` �` r ' fit `Fl ' a j Ft,,, 1 -. <.. _,,- +'� _4 ` ._ .•: : 'b` . _ y• „i„.,i : t s z 64 r 9 _M_ ; F, r. —, 1 2007"Revo225's Fabulous 4th of July" Report 2 A, $\,l�!% � � , 1 . 1 ./I y1 , / x.. r , Responsibility for the success of the 2007"Revo225's Fabulous 4th of July"was shared, each City department contributed their expertise and resources for a safe and successful event. • Police, Fire, and Emergency Management • Economic Development provided: provided: • Contact lead for the title sponsor. • Enforcement of park rules, includ- • Finance and Information Systems assisted in ing the citywide fireworks ban the success of the event by: (adopted in 2005) • Providing guidance through Project • Incident Action Plan to ensure Accounting safety and preparedness during the • Printing promotional products for the event event • S.W.A.T. and an Aid Unit on-site • Community Services provided: for incident response • Leadership for the event • Traffic control • Coordination of all event activities, • Post event debriefing facilitated by including fireworks, children's Emergency Management activities, live entertainment, and • Planning, Building, and Public Works concessionaires were instrumental by: • Pre and post facility and park care • Strategically hanging street banners • Publicity • Offering maps of the park • Traffic control • Providing mapping of the closed • Lost and Found streets and construction zones • Customer service • Life Guards EXPENSES -- ; am _ SPONSOR COMMUNITY $27,514.88 t, SUPPORT BENEFIT { +s f 1 5 , •�9 $32,473.17. 2007"Revo225's Fabulous 4th of July"Report 3 i Expenses ----%-----4*--- 1 ,= __ ' N.: = " P} 9 l \ 1 / /„,,:::,%,;''';..,-----,,^""-- --- V_ } y �-____ - � - fJ £L 3 xw fit' �. � q�S ; +Y�' � � � �iu' S� �aL -` 002*. ,_ `_ _ Y offs` • Hard Costs ($15,220.00) ($25,453.06) ($25,971.74) • In-house Printing Not captured Not captured ($1,538.14) Loss of Picnic Not captured Not captured Shelter Revenue ($320.00) Increased Revenue Not captured Not captured $315.00 t- from boat launch Total Cost ($15,220.00) ($25,453.06) ($27,514.88) *4th of July Celebration was held at Liberty Park • The hard costs include all entertainment,kid's activities,publicity, event shuttle, fireworks, and event supplies. Authorization for expenditures is in the 2007 Community Services, Community Resource and Events budget. • New in 2007, was the inclusion of printing costs, done by the City Print Shop. Figures were provided by the Print Shop and Mail Coordinator, Finance and Information Services. • Picnic shelters at Gene Coulon Memorial Beach park are not rented on the Fourth of July, therefore, the one-day loss of revenue has been included. • The revenue at the Boat Launch, when compared to another like-weather, non-workday experienced a 24% increase. • Budget dollars have had little or no increase since the move to Gene Coulon Memorial Beach Park. This has limited the City's ability to expand the fireworks display, stage entertainment, children's activities or to make improvements to shuttle services. 2007"Revo225's Fabulous 4th of July”Report 4 I Personnel Cost �I�;____ _ _:----%-4\,\---i-_ f, \\ ,, , \ \ ii / _ , i - . _ _._ • , , / ,,_// _, , _;, , ,,,.). /,,,,,, __-_„_- -, , . , , , , f.* , - -,,____,-- _ � /3 /,„,-_,-.---i:-_,,----„,—..„-_fie ` '.,r3''"`/_ , ‘ ,, \ , f / \ ----___,.,.....- ________ - ,--,,.- --- ,. :-.-"\,..,. y�- - r k 2002* 2004 2007 Staff Costs ($13,278.00) ($27,415.53) ($39,382.52) Cost of Benefits Not fully calculated Not fully calculated ($16,397.16) Totals ($13,278.00) ($27,415.53) ($55,779.68) *4th of July Celebration was held at Liberty Park • Project accounting was used this year in an effort to be more efficient in capturing staff hours dedicated to the event. Pre and post hours spent on the project are included in the total. The Finance Department assisted with the tracking and also in estimating benefits. Figures for 2002 and 2004 did not include all benefit figures. The 2007 benefits reflect full calculations for Police and Fire Suppression at 44% of the value of staff time. Due to the use of part-time employees, the Community Services and Public Works benefit figures have been based on an average of 36% of the value of staff time (part-time employees do not receive a benefits package). • It is important to note that the staff cost increase is related to the evolution and growth of the event. In 2002 the celebration was located at Liberty Park, while in 2004 the event had expanded and it was located for the second year at Gene Coulon Memorial Beach Park. The increase in personnel cost is driven in part by the increase in attendance,the growing popularity of the event, and the 2005 fireworks ban(Ordinance#5078). • The 2007 growth in personnel costs were in the Police and Fire Departments. Improvements to Emergency Preparedness were motivated in part by previous crowd control and parking issues. Staff noted on the event evaluation, that"Police were a big help" and the visitor survey rated the safety of the event as above average. 2007"Revo225's Fabulous 4th of July"Report 5 Sponsor S ., , , -1›,•_m:- .,* \ -->77,/il Y\---,;= - - 1 ' \\\ ' _ --N 'N. \ t'''-- , \ - ' / - ' ‘:,..., „ '..1,- ;1 j! / N, _ \T . ' )1 i / �=�`` )' � � ^> h` -. ----_,,,,,.___'''\,,, ,,,,' :-.2 - � �� J fes, ---- =— -------- ----- Sr3 z k 4 � F � 4r�A4 f dt ' L� k11 r.� y .-;''z' ,t � 0 � XiE�, < t 4. M r R, h �l �2� �� r ;Y=0"6' I � 4.'`' !2N-1:5 i2.:4-'1,,, ,,;-,,,4%.,e a t7414g � � r + s v " ' d :1cs r* V � g � 7A.3444447; 44%44441 eK The Bri t 1 .8441# � g &1 �� 00 -. �- d.. �. n._,....-.�.. x "--..,.. .�..:.-. "n.u. H©rnw , i- '41, ,,,,6 ,, i . . _111 `� 4Z,h� `Yr.. & fiO. 4 t ''',n;,;''',. },,''5::,. :' YXJn i ya :4'.*.:', -' s I • The City of Renton proudly welcomed"Revo225" as the 2007 Title Sponsor for Renton's Fabulous 4th of July Celebration. Revo225's support enabled the City to coordinate and produce a top-notch event. Freddie's Club of Renton had been the sponsor the previous four years. • The City was notified in March 2007 that Freddie's Club of Renton, the Title Sponsor from 2003-2006, would be unable to support the 2007 event. Economic Development was able to identify a potential sponsor for a one-year title sponsorship. Community Services staff presented the sponsorship opportunity and it was accepted by Wasatch Development. Wasatch Development's Revo225 condominium community became the name associated with the event. The Bristol at Southport and Conner Homes also contributed to the event as supporting sponsors • Funding for this event is offset in part by sponsor dollars. Should these sponsor dollars be unavailable in the future, the City may need to reconsider how the event is produced. 2007"Revo225's Fabulous 4th of July"Report 6 Community Benefit & In-Kind Support „ , -____-„.„....,,j,/,, , N , N , \ - --- -,,i\--- \ . ( - , , , , , ,- , ,- ‘.. , ,, , _ _____ _ N _ _. . ____ , ,._ . .... . . j. i _ .. , _ -_ ___-7-:---- ,...._ —_______ -- _ .... . ,.# .. --"--1 ';-. ----...---",--.. N „ ? / / . • , - --- ''''.--'-,,;.>• 'st'- A 1,, ---,,,„;...-""-'''',„ /= 7` ,� _ - ' K ' /-- _ ------:.._-.7:-_z /, )1, , \,\ -___ _ ---__:-- _ � _ -- , G In an effort to capture the impact that the 4th of July Celebration has within the community, there is a need to know the value of the City's efforts and those of the community concerning the publicity the event received from a marketing perspective. The figures represent only those areas identified by staff and reflect community partnerships promoting Renton as a livable community, such as: • Renton Magazine 4th activities begin at noon „ r' • Greater Renton Chamber of Commerce ---1 * >s • Renton Reporter �' u _, f • SE Livin /Seattle Times � F�3. ■ :-.L. ,,„'„,-,--,%._s„' ' rik ,,,, ..,.,-,,,,A1- , o,,s .asnaf -" ,,` k [,, Se pt : „ ,,,,, tk v 1' . *3 �''; 1 i�: ,!.,;''''&1‘."- -,-,e,-`2,.� ® x° -wa'''' `, ” s 'sr ; • ; t ,z- vvv Wit, $s ' ,,-.051,0,„,, z 3 t. i. � Y t� _ ' �yc'-' 3Gl it t,,,, ex7 5, 7 4 t " hfr � i » _ 3 - , s ? NrG � . '44-VV.. V..1- f f �r „ mw2 "; 'a n..,. t§:.4Qeas -)',„;„.„44' a '44 ,-�., kM�` r a F 4g *Information regarding the Dollar Value of Impressions was 'T ' a ;4� -. T, provided by Ken Saunderson of Hamilton/Saunderson.) ,i. : , ,,K, , zs 7; 2007"Revo225's Fabulous 4th of July"Report 7 Community Benefit & In Kind Support -_--,, ,,,/,,,, ,_ - \ / - _-_ -___. ____ _ _ N \ 7 , i-,,--- ---- , , , -- i1'\ , ) -/ _ _ , \\ \\\ _ , ____---- ..,,_ _ / -- - - - ----- - _, ,, \ , ,,, , ' ' ,_, ,,, ..,,,\ ‘ ! ? ;i1 /l II i / ,-- , ;7 „ , / _ \ ) \ , „,,,,,,_<„ ,,,„ - ,,. ‘t 1 , _._ ----,„,_ ‘,„. r '�` \\\ /� moi .-fit 1. .\ r r The 4th of July community celebration's impact is broader than just interest generated by publications. It directly relates to the decline in fire-related incidents, increased business revenues, and to"spin-off' events. Fireworks Related Incidents and Loss r , • Since the fireworks ban in 2005, there has been a general s x -----=--------------i-,;.' downward trend in fireworks related incidents and loss. 1 ' F ' - ' The graph to the left reflects the comparison between 2004 *$5,000 was due to one boat fire and 2007. Revenue Increase • Increased business revenues were tracked and found to I occur as a result of the event. Both Ivar's Seafood Bar , and Kidd Valley showed an increase in revenue when — - compared to a like-weather non-work day. • "Spin-off'events such as Cascade Canoe& Kayak's 4th of July Fireworks Paddle are also brought to life by the .Q.1‘‘'. .004 celebration. The 4th of July Fireworks Paddle provided increased revenues for Cascade Canoe &Kayak and enticed paddlers to Renton to enjoy the community event. 2007"Revo225's Fabulous 4th of July”Report 8 I ___s. _ N moi,/1\ _ 1 I j —_ / / / , ,, ?. 1 - I ' ..--- ------ —z , \ "" ' K /Y--' _,_-_,.-!'_ ______ -----1-a:-___- _ -, 1 , ,_. --'\ - - ----_--- Home Zip Codes of Vistors 7.89% 62.iiril% 0 Unknown 42,11 % is Non- Residents 0 Renton Residents \. ' ' 1 ' // ‘\ \ - ( •'._ 7 , ,,,,s'•\ , .. ( / - , ", , .\2, :,, ? / , 7 _ _ ._:1;-. "._ ' \." '-. \ '• . ///0 --:""'' .....\... ' ""--'-- T-"---'--_-------'- --___---= ---.-, / ",. ', , .\ - --".-___ r >'r . � — 3 — -_ revo225's Fabulous 4th of July Visitor Evaluation How did you get to and from the event?(Mark all that apply) ❑Private vehicle ❑ Public transit ❑Dropped off ❑Walked/biked ❑Event Shuttle ❑Other What was your purpose for attending the event?(Mark all that apply) ❑Social(picnic,swimming) ❑Entertainment ❑Fireworks ❑Other When did you attend the event? ❑Morning ❑Afternoon ❑Evening ❑All Day Will you please identify this years event sponsors? How did you learn about this event? ❑Newspaper ❑Website ❑From a Friend ❑Promotional Materials ❑Other Please rate the following: 1 = poor and 5=excellent • Cleanliness of restrooms 1 2 3 4 5 • Helpfulness of the staff 1 2 3 4 5 • Convenience 1 2 3 4 5 • Safety 1 2 3 4 5 • How would you rate your experience 1 2 3 4 5 Have you attended this event before? ❑ Yes ❑No Are you likely to attend this event in the future? ❑Yes ❑No Including yourself,how many people came in your party to the event? How many under 12? What is your home zip code? What race or ethnicity do you consider yourself? ❑American Indian/Alaska Native ❑Asian ❑Black/African American ❑Hispanic/Latino ❑Native Hawaiian/Other Pacific Islander ❑White ❑Other C}N.. Y 0 A Do you have ideas to incorporate into next year's celebration? '� .'v'ra www.rentonwa.gov ' �" ADMINISTRATIVE, JUDICIAL, AND • ;; ® , LEGAL SERVICES DEPARTMENT .0-NN�o� MEMORANDUM DATE: November 26, 2007 TO: Toni Nelson, Council President Members of the Renton City Council FROM: Kathy Keolker, Mayor Jay Covington, Chief Administrative Officer SUBJECT: Administrative Report In addition to our day-to-day activities, the following items are worthy of note for this week: COMMUNITY SERVICES DEPARTMENT • Ivar's Clam Lights at Gene Coulon Memorial Beach Park begins Friday, November 30. Take a ride on Santa's Covered Wagon, enjoy holiday entertainment by the Wednesday Night Jam Band and watch the arrival of the Rainier Yacht Club's Parade of Boats. The fun starts at 6:30 p.m., with the official lighting ceremony at 7:20 p.m. Clam Lights runs nightly through January 1. For more information, visit rentonwa.gov or call 425-430-6700. • Runners and walkers of all fitness levels are invited to bring their dogs and participate in the Canine Candy 5K Fun Run and Walk on December 2. This event, co-sponsored by Aussie Pet Mobile, Fairwood Physical Therapy, and Fleet Feet Sports begins at 9:00 a.m. Pre-registration is $20 and includes a t-shirt. On-site registration will be available the day of the event for $25 but does not include a t-shirt. For more information, visit rentonwa.gov or call 425-430-6700. • Enjoy the sights and sounds of the Argosy Christmas Ship as it makes its annual visit to Gene Coulon Memorial Beach Park on Monday, December 3. The ship will be just off the lake's shore from 8:00 to 8:20 p.m. For more information, visit rentonwa.gov or call 425-430-6700. • The Kiwanis Club of Renton recently donated $1,500 to the Community Services Recreation Division Scholarship Program. This is their second contribution in 2007. The Kiwanis Club is making a difference in the lives of Renton families and we appreciate their support. ECONOMIC DEVELOPMENT, NEIGHBORHOODS & STRATEGIC PLANNING DEPARTMENT • Celebrate the holidays with your family as you enjoy shopping and a festive environment in downtown Renton this holiday season. On December 1, from 2:30 to 5:00 p.m., stroll South 3rd Street to soak in carolers' tunes and festive storefront decorations. Warm up with hot chocolate, hot apple cider, and roasted chestnuts on the corners of Wells Avenue South and Williams Avenue South. Then walk to the Piazza Park (corner of South 3rd and Burnett) at 5:00 p.m. to enjoy the City's tree lighting and the arrival of Santa. Fun for all ages, sponsored by the Downtown Events Committee, Piazza Renton, and supported by the City of Renton. Administrative Report November 26, 2007 Page 2 • Visit Santa at his house at the SW corner of South 3rd Street and Wells Avenue South on Fridays and Saturdays from December 7 to 22. Free downloadable pictures with Santa will be taken on Fridays from 4 to 7 p.m. and Saturdays from 1 to 4 p.m. Sponsored by the Downtown Events Committee. PLANNING/BUILDING/PUBLIC WORKS DEPARTMENT • The City Utilities Systems Division will be installing a water and sewer line project along Duvall Avenue NE between NE 8th Street and NE 12th Street beginning on December 3. During its three- month duration, this project will require reduction of the travel lanes from four lanes down to two lanes (one in each direction) in the excavation area. All four lanes will re-open to traffic each day at 5:00 p.m. Our traffic numbers indicate that even with the reduced lanes, the street should have enough capacity to prevent significant traffic backups during the lane closures. Notification is being provided to the public by means of signage and a notice in the Renton Reporter. • WSDOT will add one northbound and one southbound lane to I-405 between 1-5 and SR 167. They will also add one southbound lane on SR 167 between 1-405 and South 180th Street, and extend the southbound SR 167 HOV lane from I-405 to the existing start of the HOV lane. Specific weekly construction updates are available on the City's website at rentonwa.gov. CITY OF RENTON COUNCIL AGENDA BILL AI#: r L'4004.4, Submitting Data: For Agenda of: 11/26/07 Dept/Div/Board.. Hearing Examiner Staff Contact Fred J. Kaufman, ext. 6515 Agenda Status Consent X Subject: Public Hearing.. Correspondence.. Honeybrook Circle Division II Preliminary Plat Ordinance File No. LUA-07-085, PP, ECF Resolution Old Business Exhibits: New Business Hearing Examiner's Report and Recommendation Study Sessions Zoning Map Information Recommended Action: Approvals: Legal Dept Council Concur Finance Dept Other Fiscal Impact: Expenditure Required... N/A Transfer/Amendment Amount Budgeted Revenue Generated Total Project Budget City Share Total Project SUMMARY OF ACTION: The hearing was held on October 9, 2007. The Hearing Examiner's Report and Recommendation on the Honeybrook Circle Division II Preliminary Plan was published on October 22, 2007. The appeal period ended on November 5, 2007. No appeals were filed. STAFF RECOMMENDATION: Approve the Honeybrook Circle Division II Preliminary Plan as outlined in the Examiner's Report and Recommendation. Rentonnet/agnbill/ bh October 22,2007 OFFICE OF THE HEARING EXAMINER CITY OF RENTON Minutes OWNER: Kenneth Johnson 4915 NE 7th Street Renton,WA 98059 APPLICANT: Marc Rousso JayMarc Holdings, LLC PO Box 2566 Renton,WA 98056 CONTACT: Matt Cyr EMS Consulting Engineers 33915 1st Way south, Ste. 200 Federal Way,WA 98003 Honeybrook Circle Division H Preliminary Plat irrw✓ File No.: LUA 07-085,PP,ECF LOCATION: 4915 NE 7th Street,Renton SUMMARY OF REQUEST: Approval for subdivision of 4.12 acres (plus 2.5 acres from Division I)into a 26-lot plat for the future development of single-family homes. SUMMARY OF ACTION: Development Services Recommendation: Approve subject to conditions DEVELOPMENT SERVICES REPORT: The Development Services Report was received by the Examiner on October 2,2007. PUBLIC HEARING: After reviewing the Development Services Report, examining available information on file with the application,field checking the property and surrounding area; the Examiner conducted a public hearing on the subject as follows: MINUTES The following minutes are a summary of the October 9, 2007 hearing. The legal record is recorded on CD. The hearing opened on Tuesday, October 9,2007, at 9:35 a.m. in the Council Chambers on the seventh floor of the Renton City Hall. Parties wishing to testify were affirmed by the Examiner. Honeybrook Circle Division II Preliminary Plat File No.: LUA-07-085,PP, ECF October 22,2007 Page 2 The following exhibits were entered into the record: Exhibit No. 1: Yellow file containing the original Exhibit No. 2: Neighborhood Detail Map application,proof of posting,proof of publication and other documentation pertinent to this request. Exhibit No.3: Preliminary Plat Plan Exhibit No.4: Conceptual Road,Drainage, and Utility Plan Exhibit No.5: Grading and Tree Plan Exhibit No.6: Landscape Plan Exhibit No. 7: Zoning Map The hearing opened with a presentation of the staff report by Andrea Petzel, Senior Planner,Development Services, City of Renton, 1055 S Grady Way,Renton,Washington 98055. The project is located at 4915 NE 7th Street,west of Hoquiam. There was some discrepancy about the street labeled NE 8th Street. Kayren checked and found there were further complications;NE 7th Street shown above NE 8th is actually NE 7th Place. The street labeled NE 8th Street will actually be NE 7th Street. The Examiner stated that for clarity at this point,the street running along the north side is SE 122nd Street in King County. For clarity SE 122nd Street will be used to designate the north boundary. Andrea Petzel stated that the property is located in the R-8 zone and the Comprehensive Plan designation is Residential—Single-Family. Surrounding the site to the north, east and south are other R-8 zoning designations. To the south is Honeybrook Circle Division I, which is not recorded but approved. This site has been included due to a pending a lot line adjustment. To the west is a Residential -multi-family development. The Environmental Review Committee issued a Determination of Non-Significance—Mitigated with 6 mitigation measures. No appeals were filed. The proposal is for 26 lots, on two parcels depending on a lot line adjustment with Honeybrook Circle Division I,which is 2.5-acre parcel. The adjustment would be for 0.24 acres,which is needed in order to meet density for this Division II proposal. Application materials were recently submitted and upon review it appeared that it would not affect the density of Division I. The net density would be 8 dwelling units per net acre,which meets the requirements for the R-8 zone. Required minimum lot sizes are 4,500 square feet and all lots meet that requirement and well as the requirements for width, depth, setbacks, and lot arrangement. The landscape plan shows the required two trees per lot with the exception of Lots 2 and 3,which are pipestem lots. Those would also be required to have two trees in their front yards. Five feet of landscaping along internal streets is required. Lot 1 has a pipestem that extends to Hoquiam to the east and will also become a landscape easement with 5-feet of landscaping. The topography is fairly flat and slopes gently to the south and west and is heavily forested. There are 262 significant trees, 66 trees must be retained. The plan identified 52 trees, 14 trees will need to be preserved or Ned replaced. It will be checked if the applicant needs a permit to log that amount of trees. Honeybrook Circle Division II Preliminary Plat File No.: LUA-07-085,PP, ECF October 22, 2007 Page 3 The primary access would be the extension of the two internal public roads, Graham and Field Avenues NE extending from Honeybrook Circle Division I and connect to SE 122nd. A modification would be required to reduce that width to 42' with 32' of paving,that would insure that it lines up directly with the Division I streets. Twenty feet will need to be dedicated as currently there is only at 30-foot right-of-way. Traffic,Fire, and Parks mitigation fees have been assessed on this project. Drainage from this property will tie into the proposed detention tract of Honeybrook Circle Division I in the southwest corner of that plat. Water would be supplied by Water District 90. A Water Availability Certificate has been supplied. Sewer service is supplied by the City of Renton and is within the East Renton Interceptor Special Assessment District. James Jaeger, 9419 S 204th Place,Kent,WA 98031 stated that the pipestem for Lot 1 is 12 feet wide and runs out to Hoquiam, they determined to call it a tract rather than an easement and designate it as a landscape tract for the entrance signage. The boundary line adjustment was generated due to Division I, there was a road that went across the top in the area of Lots 14 and 15,the City had indicated that that road would not be necessary if the two plats were connected and 122nd was in place. Without having to lose that area when the road goes away, they gained two additional lots and created the boundary line adjustment. The adjustment has been submitted and at that time density calculations were redone for both plats,they both meet the necessary density requirements. It appears that Field and Graham would not be extended to the north,there are existing lots north of 122nd, those -1410, lots most likely would not be subdividable in the future. There is an existing right-of-way, shown as 140th at the very northwest corner of 122nd. That is a half right-of-way and is unimproved but does have the potential to extend up to NE 7th Place. That possibly is currently being used as emergency access to the apaitnients in that area. The sewers will extend from the south through Division I up Graham and Field. He further stated that for 122nd they would be dedicating 18-feet,not 20-feet. There is an existing 30-feet and that would give a 48-foot right- of-way. Requirements for a full street would be 44 feet,there would still be excess. Both Divisions I and II are owned by the same applicant, it is the intent that they be developed as one project with one Homeowner's Association. The development would require a Forest Practices Permit. Kayren Kittrick,Development Services stated that Mr.Jaeger was correct,the dedication was only meant to be 18 feet,40 feet is all that is needed at this location to match to the east. Field currently is a secondary access for the Tall Firs Apartments,no connection through there is expected. The Fire Department had no objections to this plan. The developer would only be responsible for the south side. The Examiner called for further testimony regarding this project. There was no one else wishing to speak, and no further comments from staff. The hearing closed at 10:07 a.m. FINDINGS, CONCLUSIONS &RECOMMENDATION Akiir Having reviewed the record in this matter,the Examiner now makes and enters the following: Honeybrook Circle Division II Preliminary Plat File No.: LUA-07-085,PP,ECF October 22, 2007 Page 4 FINDINGS: 1. The applicant,Marc Rousso,filed a request for a Preliminary Plat. 2. The yellow file containing the staff report,the State Environmental Policy Act(SEPA) documentation and other pertinent materials was entered into the record as Exhibit#1. 3. The Environmental Review Committee(ERC),the City's responsible official issued a Determination of Non-Significance -Mitigated(DNS-M). 4. The subject proposal was reviewed by all departments with an interest in the matter. 5. The subject site is located 4915 NE 7th Street. NE 7th Street(SE 122nd Street in King County)runs along the north edge of the subject site. The subject site would be immediately east of Field Avenue NE if that road were extended to the south. The subject site has a narrow pipestem that extends east to Hoquiam Avenue NE. (A number of exhibits for the proposal show NE 8th Street running along the north edge of the parcel and those maps are incorrect.) 6. The map element of the Comprehensive Plan designates the area in which the subject site is located as suitable for the development of single-family uses,but does not mandate such development without consideration of other policies of the Plan. 7. The subject site is currently zoned R-8 (Single Family-8 dwelling units/acre). 8. The subject site was annexed to the City with the adoption of Ordinance 5203 enacted in May 2006. 9. The subject site is approximately 4.12 acres or 179,439 square feet. The parcel is generally rectangular with a small rectangular addition along its south property line. The subject site as well as its companion site to the south are involved in a lot line adjustment and the proposed adjustment accounts for the slight addition along the south side of the parcel. The adjustment will permit the creation of two additional lots without compromising the density of the adjacent parcel. The subject site is approximately 500 feet wide (east to west)by 329 feet deep. 10. The subject site slopes downward to the south and west at a grade of approximately 16 percent. There are no critical areas on the site. 11. The site contains a mix of conifers and deciduous trees as well as understory vegetation. A survey found 262 significant trees on the subject site. The applicant will be required to maintain 25 percent of the significant trees or 66 trees. 12. The applicant proposes dividing the subject site into 26 single-family lots. The lots will generally be aligned in a north south direction along two internal streets. Proposed Lot 1 at the northeast corner of the plat had incorporated the pipestem out of Hoquiam but it would now be a landscaped tract. Proposed Lots 2 and 3 take access via pipestem driveways that run to the west and connect to Graham Avenue NE. 13. Access will be provided by NE 7th along the north and the creation of both Field and Graham that will ""' run north to south through the plat and connect to their counterparts in the plat being developed to the south. The applicant will be dedicating the rights-of-way for the two interior streets as well as an 18- Honeybrook Circle Division II Preliminary Plat File No.: LUA-07-085,PP, ECF October 22, 2007 Page 5 foot section along the north property line for NE 7th Street. The new road, subject to a modification, will be 42 feet wide. 14. The subject site is located within the Renton School District. The project is expected to generate approximately 12 school age children. These students would be spread across the grades and would be assigned on a space available basis. 15. The density for the plat, after adjusting for the lot line adjustment, would be 8 dwelling units per acre after subtracting roadways. 16. The development will increase traffic approximately 10 trips per unit or approximately 260 trips for the 26 single-family homes. Approximately ten percent of the trips, or approximately 26 additional peak hour trips will be generated in the morning and evening. 17. There have been downstream drainage problem and the subject site will abide by the 2005 King County Manual. The stormwater will be contained on the companion plat to the south. 18. Sewer service will be provided by the City and lines are available although the applicant will be required to obtain the necessary easements. 19. Water service will be provided by Water District 90. A certificate of availability has been obtained. CONCLUSIONS: Now 1. The proposed plat appears to serve the public use and interest. The plat will provide additional housing choices in an area where urban services are available. The plat also does not jeopardize or encroach on any critical areas. 2. The plat is generally laid in a linear street grid system and with the exception of two lots, Proposed Lots 2 and 3, all lots take direct access to public streets. 3. The development of a plat will increase the tax base of the City helping to offset some of the impacts on development on the community. The imposition of mitigation fees will further offset impacts to roads, parks and emergency services. 4. In conclusion, the proposed plat is a reasonable approach to dividing the subject site and provides appropriate links to roads,utilities and storm drainage systems. RECOMMENDATION: The City Council should approve the proposed plat subject to the following conditions: 1. The applicant shall comply with all requirements of the Determination of Non-Significance— Mitigated, issued by the Environmental Review Committee on January 8, 2007. 2. The applicant shall record the lot line adjustment between Honeybrook Circle Divisions I and II prior to the recording of this final plat. 3. A demolition permit shall be obtained and all required inspections completed for the removal of the existing house and garage prior to the recording of the final plat. atsstmarusssirstsr Honeybrook Circle Division II Preliminary Plat File No.: LUA-07-085,PP,ECF October 22,2007 Page 6 4. A Tree Retention/Replacement Plan shall be submitted with the utility construction permit application to the Development Services Division project manager. The plan sheets shall identify trees to be retained and specific measures to be taken during construction to ensure the trees are adequately protected. The plan shall also identify any proposed replacement trees and shall include the planting location, species type, and planting specifications. The Tree Retention/Replacement Plan is subject to review and approval by the Development Services Division project manager,prior to the issuance of any utility construction permits. 5. A homeowner's association shall be established for the development,to ensure that responsibility is taken for maintenance of common improvements and tracts within the plat prior to final plat approval. A draft of the agreement,HOA and/or CC&R documents shall be submitted at the time of application for utilities construction permits, so that it may be reviewed by the City Attorney and the Development Services project manager. 6.. The applicant shall obtain necessary permits for logging the site. ORDERED THIS 22nd day of October 2007. .4Thj FRED J.KAU6-AN 44610 HEARING EXAMINER TRANSMITTED THIS 22nd day of October 2007 to the parties of record: Andrea Petzel Kayren Kittrick Kenneth Johnson 1055 S Grady Way 1055 S Grady Way 4915 NE 7th Street Renton,WA 98055 Renton,WA 98055 Renton,WA, 98059 Matt Cyr Marc Rousso Norm Lane ESM Consulting Engineers JayMarc Holdings,LLC 5000 NE 6th Street 33915 First Way S, Ste. 200 PO Box 2566 Renton,WA 98059 Federal Way,WA 98003 Renton,WA 98056 Patrick Enfield Pam Bell James Jaeger PO Box 950 4922 NE 7th Street 9419 S 204th Place Black Diamond,WA 98010 Renton, WA 98059 Kent,WA 98031 Vern Schear 669 Hoquiam Ave NE Renton,WA 98059 TRANSMITTED THIS 22nd day of October 2007 to the following: Mayor Kathy Keolker Robert Van Home,Deputy Fire Chief Jay Covington,Chief Administrative Officer Larry Meckling,Building Official Julia Medzegian, Council Liaison Planning Commission Honeybrook Circle Division II Preliminary Plat File No.: LUA-07-085,PP, ECF October 22, 2007 Page 7 Gregg Zimmerman, PBPW Administrator Transportation Division Alex Pietsch, Economic Development Utilities Division Jennifer Henning,Development Services Neil Watts,Development Services Stacy Tucker,Development Services Janet Conklin,Development Services Renton Reporter Pursuant to Title TV, Chapter 8, Section 100Gof the City's Code, request for reconsideration must be filed in writing on or before 5:00 p.m.,November 5,2007. Any aggrieved person feeling that the decision of the Examiner is ambiguous or based on erroneous procedure, errors of law or fact,error in judgment, or the discovery of new evidence which could not be reasonably available at the prior hearing may make a written request for a review by the Examiner within fourteen(14)days from the date of the Examiner's decision. This request shall set forth the specific ambiguities or errors discovered by such appellant, and the Examiner may, after review of the record, take further action as he deems proper. An appeal to the City Council is governed by Title IV, Chapter 8, Section 110,which requires that such appeal be filed with the City Clerk, accompanying a filing fee of$75.00 and meeting other specified requirements. Copies of this ordinance are available for inspection or purchase in the Finance Department, first floor of City Hall. An appeal must be filed in writing on or before 5:00 p.m.,November 5,2007. If the Examiner's Recommendation or Decision contains the requirement for Restrictive Covenants,the executed Covenants will be required prior to approval by City Council or final processing of the file. You may contact this office for information on formatting covenants. lirrr The Appearance of Fairness Doctrine provides that no ex parte (private one-on-one) communications may occur concerning pending land use decisions. This means that parties to a land use decision may not communicate in private with any decision-maker concerning the proposal. Decision-makers in the land use process include both the Hearing Examiner and members of the City Council. All communications concerning the proposal must be made in public. This public communication permits all interested parties to know the contents of the communication and would allow them to openly rebut the evidence. Any violation of this doctrine would result in the invalidation of the request by the Court. The Doctrine applies not only to the initial public hearing but to all Requests for Reconsideration as well as Appeals to the City Council. S Project Location: 4915 NE 7th Street, Renton,Washington 98059(parcels 1023059394 and 10230 028) elf �. i®moi "` '` RRY ille3 SITE ‘44—igilio 4 • N',4-,'Ikii m Isi - ..-',,v-. - ' _. ,,,_ ,, , , ira • ,4 f d f � / f �L Ai: ax -, i1-,,,:-.7,4" rtei ‘41.04 hu,.. ,. . ,„.....,„,,,,.; ,,, ,:;: , ... ,l ,„ ._,\.,_ ,,,,...,...... Ill : . . , .._ , ... ,..„.„3.2.,,..., . ., ,,.. . ..! ..., , ,t... . ., , ti._:, : , .. .1, , _t, ..:,,,....., , ,).,, ,,, . ....1. _,7_,.- _, ii,, ,L-11...., . , ,i,,,i:.,,,,, .. ,,, ,,..,, ,. .. , ,.J \ ..T.7'; :' 1:ct''''Ir''' ' ' ': 4 .......,..,,,,3 ,,,, ,,. k-,, ,.. i. .EIllinsi , ,„',„ ' , ., 1E cilli r I. Wi -',mil ice¢':. !1t . 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CA rf NE 4th St ' '.j-r" i.' -'----: ' ' ( ,-1 .c`,2,,::...-,!...,..t...,._.._ ..R..01,9 i Rte 1 - R4-4' Z --- ---R- 4-1 ''- .-.___,,:_,__ __ i S . . low I CA , , 1R-10 1.; L.1 ____I_____,_. L__;,.. --- - ! i r. 1i-l•- --.4.-i ? i ' - ' ' I I I i r N.K II 1 1 1 I •-r• , , , , , 4 I R-14 i ! 1 -,-,-------i , i; I I--i--- -:.--1-1 ....,.., , - F6 !* 1,5 T23N R.4E E ii2 all ,,,, Renton City Limit, 1:4800 E6 + + P/B/PW TECHNICAL SERVICES 1.41111111fcil 02/28/07 10 T23N R5E E 1/2 L;q,•;';::;;;•' A PORTION of the S.W. 1/4, SECTION 32, TOWNSHIP 23 N., RANGE 5 E., W.M. 2 t .,.,. 6' N r'-r" W re' u r • 1 ` 1 i-zarA,:ri, I I I I I ( '•-•;`:i. +?t __a,9' I aa__ I .Il' , 2;117,.., �{ =Off COMEKIE KBF rli ^ 'riiLi ll'• i.96.1 T 1 1 1 1 1 t, 4. I �. l "---17,,,n-A-1, sa sa a m < ar • tp "A/C''']�{� �`� 599 19'19'E BJJ.90' ' (� S•WANT NMCPER Z -;1.- r 01 II i, ABN_, .._ ._r...._...—: _ ------=---------- -%r-_-- _m-_ F. aunir mvacrc �' aw 1- -bYi- • t� ,n _ p�� Y , -Ni _-__--_% ����� ��m }•YIN COMP):aEAM CAA S'AYXKr CONCRETE 111 o of til i5 w I 4••ftk .1: _ .. ' ��r !+I rei..l"',Yu-I ��1 ;} A-WN COUPE.OEPd CbILBB AAFACMO FOP COURSE wax*.CtM1 s^ 1 21 20 1 9 18 / 1, l 7 izf I j • t x'YM FWPT.GRd CRUSHED MEAGMO/ASE COVRSE S " @ II I ' i / x Z.Yf." CRAWL BASE(CLASS-/7 Wr BE REWIRED PENOWO Sal CoNa11W5 Z$3 „�, I. 4 ----- - -..L-...,-..:4, (7„1:1,5;. i-- — — - 1 II' TYP. INTERIOR PLAT ROAD W A,1 • 22 I 9 10 i 7 N Nor,0SOUS r. 8 ^t • , ^, . 470 MEM ■■ _..r C9 w - . -'--------' 1 I -- 2 ..—.............----..-.....112. . ...........:______Ii..._________ i—=•---'7 4ea ]i ii 11•11111MINIIIIIRAII 41 n, ._..! .,`i 23 - I I 11 L 6-�- ----- 4ea i � in u 9iialL7 i■■iiiHE'I■ < - , I„ -,:r. — 4 ,e{ •, ■■.. ERII _4I:=C=C■��C211CC ' —__ _ ir I n� -Fa_�_ �.� •fi �2 ■■WYlii+iYYiWi■■i\�ii■ni� ■■ i (�,2 • 14I ... 1INN EN cue5 i■■ilii_■■iiiii ��L7■■ 1 olSz I:I ^ ' 5 ----- -- ; ^' ---- 45e i�■l��i■■ iii■■iii■■■ i II I 3 . . 458 i ■■i illi■■iiiK:■■ O, ;• � - 16 13 4 + �, i 2+00 3+00 4+00 --• % 26 I PROFILE — FIELD PL NE N 9211:NORM,--Aa ' < P RI �S'M __-- 1 ------� lvlr r 4 z ""�"-" X00.19'EB'x 5015�0T11 5`1 f� �� CCB 5B9'19'E9'E IJ$.,.s, , 15� d\`RTIl1[ ----' - 1 '� ..o. 1)0.00: ``I -..v: {70 -.- . I. ._ �_ CC Z NOTE: WATER I �� A 1 �. SERVICE WILL BE I t I 408 ii■■i=�E1■Cr'� iii■■iilRCIE 4 a_ I • _Iii■■i M i■l�liii■■iiiHt;H■ Cc PROVIDED BY KING ' 1 I 11 i .COUNTY6..M75 IFZ. �$"2, SUBSURFACE CONI,VAULT 484 •I�����■�'.4t''.iiC� �� ��� � ■�■ ; VAULT DIMENSIONS 138'x 70'x DEEP ih■iiiiirri�iiiiii■■■ '., TOP UO ELEV: 438.5 462 l�1■■■ii�M%■Ilii■■Iii■■■ G; '01p I I I <I DESIGN 50 YR,WATER LEVEL: 434.5 .l�i■�=Bili■■ilii■■iiiFi■■ Kamera r<ara -.___.._______._.� i< -_ ....-.__ ._.___ 1 BOTTOM WATER LEVEL/OUTLET: 424.5 ■■i �I Nabr.,Fwrx N•IN w. C\ LL 1 VOLUME PROVIDED: 98,800 CF ��C�ili=�■■iC�������C�� Q� = VOLUME REQUIRED: 98,263 CF 458 ii■■illi■■iiiiiiiMIREM I' v I I, E(gR I e I ii■■ilii■■ilii■■iii■■■ _ 1 _ {^ON f I N WATER T BELOW TE TVAUIT 456 it■■iili■■iiii■■liitcl■■ ___._-____J__ WEPVAULT BELOW DETENTION STORAGEii ,o• .-. v r.._ __-____� ¢ TOP WENAULT ELEV: 424.5 _■_i. I i . _i _ _ N o A Aq RCM I N I 00 2+00 3+00 I_ QT� I I 17'I BOTTOM WETPOND ELEV: 420.54+00 1 MA BE ACCC401001100 IS- 1 VOLUME PROVIDED: 25.392 CF wirer TM TRACT-4- TRACT A e- , Q auMAa:EACUTY rot VOLUME REQUIRED: 25,169 CF PROFILE — GRAHAM AVE. NE ,XE PLAT of N16'010O56 Ii VETVAULT DIMENSIONS: 138'x 46'x 4.0'DEEP , SOUL NOME;I..a• CRME -TO'— _.____. _I III 1___.�._�-_�_--_. OSM>�.,,E .�•" �,.r.. ___-__- 2 tCG,I�TE TONNAGE O[i900 ,YEFDAUTNOI I _^____ __.,__ ^ . ___._. - KLLT MM moot I 1 470 X - _1_ ONLYPu 4AL•• - - ` j / a2 w'WORN rae 1 t408 RrQir _9Jt. 1 yx YEIVSOLI. I '-b' � I - 4T vAUIT 4e0 - - nu -- __--_-1 I ` 1 464 Qq 6 iE ,r r 4� I — 482 _ _ _♦�- --- 1--_L__-�4r- a- 1,N --- 4eo-_- • .• _ Ex NE afh sr. '�� NE 6th ST. _ GAS 135 T bQ le`w a ``11 /, --GRAPHIC SCALE ^`� 456 - -_._._1-_.—_-__ , y_L-_�-____J_L__1 1../.Ba,�,YJ..; xEmaT HONEY BROOKE WEST (a a RU 1-0o Z+aO - 3+00 4+00 5+00 5+00 7+00 Arro.i,.' I1 � 1 ; PROFILE — NE 8th ST. "'� I (n,,TES) 1iONe„aeII,-.a• ma_1,-_,_ WI I I I ,IneN_a R. WIT:S'- 4' v -1— 2. ENVIRONMENTAL REVIEW Pursuant to the City of Renton's Environmental Ordinance and SEPA(RCW 43.21 C, 1971 as amended), on September 17, 2007, the Environmental Review Committee issued a Determination of Non-Significance - Mitigated (DNS-M)for the Honeybrook Circle Division II Preliminary Plat. The DNS-M included six mitigation measures. A 14-day appeal period commenced September 24, 2007 and ended on October 8, 2007. To date, no appeals of the threshold determination were filed. 3. COMPLIANCE WITH ERC MITIGATION MEASURES Based on an analysis of probable impacts from the proposal, the Environmental Review Committee (ERC) issued the following mitigation measures with the Determination of Non-Significance— Mitigated: 1. The applicant will be required to comply with the recommendations found in the geotechnical report titled "Proposed Johnson Plat Residential Development"prepared by Earth Solutions NW(dated August 1, 2007). q„_,,,,. 2. The applicant shall be required to provide a Temporary Erosion and Sedimentation Control Plan (TESCP)designed according to the Department of Ecology's Erosion and Sediment Control Requirements outlined in Volume II of the most current Stormwater Management Manual and provide staff with a Construction Mitigation Plan prior to issuance of utility construction permits. This condition shall be subject to the review and approval of the Development Services Division. 3. The detention system for this project shall be required to comply with the requirements found in the 2005 King County Surface Water Design Manual to meet both detention (Conservation Flow control, a.k.a. Level 2) and water quality improvements. 4. The applicant shall pay a Parks Mitigation Fee based on $530.76 per each new single-family lot prior to recording the final plat. 5. The applicant shall pay a Traffic Mitigation Fee of$75.00 per each new average weekday trip (estimated at $17,943.75) prior to the recording of the final plat. 6. The applicant shall pay a Fire Mitigation Fee based on $488.00 per new single-family structures prior to recording the final plat. i CITY OF RENTON COUNCIL AGENDA BILL I AI#: Submitting Data: Planning/Building/Public Works For Agenda of: Dept/Div/Board.. Transportation Systems Division November 26, 2007 Staff Contact Ryan Zulauf, Airport Manager, Agenda Status x7471 Consent X Subject: Public Hearing.. City T-Hangar Rate Increase - 2008 Correspondence.. Ordinance Resolution Old Business Exhibits: New Business X Issue Paper Study Sessions Standard Month-to-Month Hangar Agreement Information Renton Airport Property Appraisal pp. 1-2, 44-46 Recommended Action: Approvals: Legal Dept X Council Concur Finance Dept X Other Fiscal Impact: Expenditure Required... Transfer/Amendment Amount Budgeted Revenue Generated $7,693.86/year (not including leasehold tax) Total Project Budget City Share Total Project.. SUMMARY OF ACTION: The Airport collects rent from aircraft owners for hangar storage of their aircraft in City-owned hangar T- units. The Airport owns three hangar buildings,and manages 39 T-hangar units within these three buildings. Council approved the current monthly rent of$285.00 plus 12.84 percent Leasehold Excise Tax,for a total of $321.59,in July 2005. We recommend a rate increase of 5.72 percent for all City-owned T-hangar units,increasing the rent to $301.31,per month,plus 12.84 percent Leasehold Excise Tax,for a total monthly rate of$340.00. The rate increase will be effective February 1,2008. As a result of this increase the Airport will receive an additional $7,693.86 per year,for a total annual T-hangar revenue of$142,135.86,before leasehold tax. The current standard hangar permit states,"The City of Renton may adjust rents and agrees to give permittee 30 days notice of an adjustment." An Airport appraisal was completed in September 2007,and the 5.72 percent increase being recommended is a direct result of this report. STAFF RECOMMENDATION: Approve an increase in the current monthly rent for City-owned T-hangar units from$285.00 to$301.31 per month,plus leasehold tax. 6�Y 0� PLANNING/BUILDING/, ® , PUBLIC WORKS DEPARTMENT 'NT�� MEMORANDUM DATE: November 26, 2007 TO: Toni Nelson, Council President Members of the Renton City Council VIA: Kathy Kathy Keolker, Maph_ FROM: Gregg Zimmermai {� nistrator STAFF CONTACT: Ryan Zulauf,Airport Manager(x7471) SUBJECT: City T-Hangar Rate Increase - 2008 ISSUE: Should Council approve an increase to the current monthly rent for City-owned T-hangar units from $285.00 to $301.31 per month,plus leasehold tax? RECOMMENDATION: f Approve an increase in the current monthly rent for City-owned T-hangar units from $285.00 to $301.31 per month, plus leasehold tax. BACKGROUND SUMMARY: The Airport collects rent from aircraft owners for hangar storage of their aircraft in City-owned hangar T-units. The Airport owns three hangar buildings, and manages 39 T-hangar units within these three buildings. Council approved the current monthly rent of$285.00 plus 12.84 percent Leasehold Excise Tax, for a total of$321.59, in July 2005. We recommend a rate increase of 5.72 percent for all City-owned T-hangar units, increasing the rent to $301.31 per month,plus 12.84 percent Leasehold Excise Tax, for a total monthly rate of $340.00. The rate increase will be effective February 1, 2008. As a result of this increase the Airport will receive an additional $7,693.86 per year, for a total annual T-hangar revenue of $142,135.86, before leasehold tax. The current standard hangar permit states, "The City of Renton may adjust rents and agrees to give permittee 30 days notice of an adjustment." An Airport appraisal was completed in September 2007, and the 5.72 percent increase being recommended is a direct result of this report. When the last increase was introduced, there was vow" no mechanism to ensure that rental rates for T-hangars stayed current with the market rates. Having no current appraisal, it was also approved at that time that the City would use the Toni Nelson, Council President Members of the Renton City Council Page 2 of 2 November 26,2007 Seattle/Tacoma Consumer Price Index (CPI) rate as an inflation tool applied every three years. An Airport appraisal was completed in September 2007, and the 5.72 percent increase being recommended is a direct result of this report. cc: Peter Hahn,Deputy PBPW Administrator—Transportation Ryan Zulauf,Airport Manager Nenita Ching,Principal Financial and Administrative Analyst Connie Brundage,Transportation Administrative Secretary Susan Campbell-Hehr/Carolyn Currie,Airport Secretary *400 h:\file sys\air-airport,transportation services division\03 projects\01 tasks\agenda bills\agenda bill-city t-hangar rate increase- 2008\issue paper-city t hangar rent increase.doc LAG- 414.0, RENTON MUNICIPAL AIRPORT AIRCRAFT HANGAR PERMIT This Permit is made and entered into between the CITY OF RENTON, as Owner, and , as Permittee, as follows: PREMISES: Subject to the terms hereof, Owner shall permit the use by Permittee of Hangar No. (hereinafter called the"Hangar") located at the Renton Municipal Airport. The exterior area and ground in the immediate vicinity of the building is for the purpose of access to the leased portions of the building. No material whatsoever may be stored upon the exterior area. TERM: The term of this lease shall be for a period of one month, commencing on and terminating on , continuing on a month-to-month basis thereafter. Except as provided elsewhere herein, the term of this Permit and the rentals due hereunder shall continue on a month-to-month basis until Nirw° such time as one party gives the other written notice of termination, as herein provided, except that the Owner may terminate this Permit upon not less than three days notice in the case of nonpayment of rent. USE: Hangar No. may be used for aircraft air frame major rebuild and repair subject to the restrictions listed below. USE RESTRICTIONS: Open flames, welding, and the use or storage of Class I or Class II liquids are not allowed in the hangar. If open flames, welding, or the use and/or storage of liquids other than those authorized by the Group B Occupancy, Division 3 code is detected, this permit will be immediately terminated. INSURANCE: During the term of the Permit, the permittee shall maintain Commercial General Liability insurance with limits of not less than $1 million combined single limit per occurrence. The above policy shall cover or be endorsed to cover the City of Renton, its officers, officials, employees and agents, and the City of Renton shall be named as Additional Insured(s) on permittee's policy, with that coverage being primary and non-contributory with any other policy(ies) available to the City. The Tenant shall provide a certificate of insurance, on or prior to the effective date of the Permit, or upon written request of the City of Renton. The policy of insurance shall provide that neither party to the insurance contract can terminate the insurance without first giving the City of Nimble Renton forty-five (45) days notice of such'impending termination. Prior to the expiration 1 date of the required insurance coverage, the Tenant shall provide a new certificate of insurance to the Airport Manager. RENT: Permittee agrees to pay a monthly rent of$285.00, plus state leasehold tax of 12.84% in the amount of$36.59, for a total monthly rent of$321.59, payable in advance of each month. The monthly rent shall be due the first day of each and every month during the term hereof,payable by not later than the tenth day of each month. Payment shall be made to the City of Renton, 1055 South Grady Way, Renton, Washington 98055. RENTAL ADJUSTMENT: The City of Renton may adjust rents and agrees to give permittee thirty(30) days notice of an adjustment. LATE PAYMENT CHARGE: It is hereby further agreed that if rent is not received by the 10th of each month then there will be added a late payment charge of 5% per month for each month of delinquency until paid. If any check received by Lessor is returned unpaid for any reason, Lessor reserves the right to make an additional charge of Twenty-Five Dollars ($25.00). TERMINATION: This permit may be terminated by either party upon thirty (30) days written notice to the other. If permittee fails to give the City thirty(30) days' written notice to terminate, the permittee shall be liable for rent up to and including the month following the date of the termination notice. If Permittee is in default of any obligations hereunder, Owner may, in addition to all other rights, give written notice terminating this Permit at any time, such termination to be effective at the time set forth in such notice. NOTICES: All notices hereunder to the Owner shall be in writing and shall be delivered to: Airport Manager 616 West Perimeter Road, Unit a Renton, WA 98057-5327 All notices to the Permittee shall be in writing and shall be mailed to the Permittee at the address indicated below. If any such notice to the Permittee shall be returned by the US Postal Service, notice shall be given by posting the same on the hangar door. ENid 2 PERMITTEE SHALL: Not assign any interest of Permittee hereunder or sublet, license or permit any other party or parties to occupy any portion of the Hangar. Be an owner of the aircraft in the Hangar and provide proof of ownership upon written request by Airport Management. Not conduct any charter, rental, instructional service or any other commercial activity, except the air frame repair and rebuild work authorized by this permit, in or from the Hangar. Keep the Hangar clean and free of debris and not place any debris on the Renton Airport. Not attach any hoisting or holding mechanism to any part of the Hangar or pass any such mechanism over the struts or braces therein. For the purposes of the Permit, a hoisting mechanism shall be deemed to include, but shall not be limited to, a chain ball, block and tackle, or other hoisting device. Permittee agrees to protect and save the City of Renton, its elected and appointed officials and employees harmless from and against all claims, demands, and causes of action of any kind or character, including third party claims, and including the %we cost of defense thereof from personal injuries, death or damage to property arising out of or related to the hangar unit rented by the permittee in any way resulting from the willful or negligent acts or omissions of the permittee and/or its agents, employees or representatives, except the sole and exclusive willful and negligent acts or omissions of City of Renton representatives. Shall comply promptly and completely with all government laws, rules, regulations and requirements for the proper and lawful use, sale, transportation, treatments, and/or disposal of hazardous substances; and upon request furnish proof to the City of such compliance. Shall protect, defend, and indemnify the City of Renton from any and all costs, fees, penalties and charges assessed against the City, including attorney's fees and defense costs arising out of or as a result of the Permittee's handling, storage, containment, disposal, transportation and sale of hazardous substances as defined now or hereafter defined by the MTCA or CERCLA. Not park or leave aircraft on the taxiway or on the pavement adjacent to the Hangar door in a manner which unduly interferes with or obstructs access to adjacent hangars. 3 Accept the hangar in"as-is" condition and be responsible for their own maintenance. Use the Hangar only to house aircraft and related tools, supplies and equipment associated with maintenance and repair of said aircraft. OWNER SHALL: Provide reasonable access to the hangars and public taxiways, ramps and runway. Periodically inspect the Hangar and keep the hangar in good repair. Permittee will give prompt, written notice to the City in case of any defect, damage or need of repair. Reserve the right to substitute comparable hangar facilities. Keep the hangar building in good condition and repair. Keep the public taxiways adjacent to the hangar building clear of debris. Regulate, develop, improve, reconstruct or modify the hangar building at the City's sole discretion. Provide no other services of any kind or description unless specifically mentioned herein or added by amendment. Conspicuously post the Airport Regulations and Minimum Standards and all regulations authorizing the impoundment of an aircraft that is the subject of delinquent Airport charges, at the Airport Manager's office. ASSIGNMENT: This permit is not assignable or transferable. 4 I have read and understand the foregoing and agree to be bound thereby. I will notify the Owner or its representative of any changes in my address, aircraft ownership, or change of use, and such notice to be given within ten (10) days after any such event. DATED this day of , 2006. PERMITTEE CITY OF RENTON Aircraft Owner's Signature Ryan Zulauf, Airport Manager Home Address r.r Home Phone Business Address Business Phone Aircraft Make & Model Registration No. H:\File Sys\AIR-Airport,Transportation Services Division\01 Administration\12 Real Property Management\Hangars\Hangar Permit Form\Standard Hangar Permit Form.doc 5 _ _ -,,,,-•,-,, ._._,:,.- •,_,,-, ,,,ec,e4-It...-";.-',..-tta.;,,IAS,,,,1-).-4.,',.1„,},,,,,•:174-..43., ,;,',:,,,,!,-,,,,,g,,-,. - - .,,-..,,,,,,,;!;:l,-,7,(„.,',1 ',,,,,;,',,,,,..f%)},,,,,,,Vin,,--..f.l'ql,-, ::,'1,',A1:1V-i.VD44'•-- ..l',';'-','-',-.:44';',.=1C;jk sq.,'",:i .3111.- , -i,:,,,:.7.?,',:.2,...,',_ : ,-11,!.f:.--_._,,:-,_ :-__ •-,,,,.• ;:,,-,,,0_,,,,,,,:f.2;-',,-_-,-"-;-r-,,,,-:;--,f;''''''t 5.,.."?..'-,*4-''''-,,111-e'5-';:v-:---'4A:1-.,-,'-'''• ''..;''' - • • :44--4-,:---*I-Yr-;!i".-"' --.-t-$::r4f-::";_':" --',:,---_7-;',._:,-;!'-',1tr-'.'--41----:-','".,--.---'•‘:',--4f,,,,3,..,:-7-:_Lfv,,,,,,,,,.,6:-., fie-4,4--i;•„-_,,,,-.-- ,,,,,- -=‘,-,-.,..- --- 4• ,- -,. • • •-:,*35,1:-.. .,,,s-ti-,,--:.,- --' _-;;;,,-„;‘,-,-.:R-..,-.-1__.-e,::-,,. .---..":,:::-.7,-... y,......,"',',-",.i,:;:."--;";' . ;,"--."-.1.R,-.i, '.-,.;-;.N.77,-..::-:"-'"t;.,-.,4,„'--,:,"2"-.,,,:,,,-n-E-",- ---;E:P4A4:-_'-'- --E--, 7.,'.,. , : , ;,.,."1",i1E-",i'.11,,"„ij„..,Ziiit-,;!'=", ,".-,-,1?;•:-: "';'-:::j.-'.-rj:f"-:_";-.:1,-","!;','-'"E':',:Es'.:ii:NT4`..-Iki-"4"-ei,- -"':-.'4_-:,'..'-'3't-t.P4-.1*-.!:;--*,"-E-4..tr5:W": -:.:,'--%;- , --.-1,‘:itif:;'-''''''Ng „_,,w-,1,4,,, ,-,,,!_!,(.,16.-,_‘,.4ii- E- ,,,:,-,,-.i.,,,,„,,'.-p-i.,,,,,„w2,-,.,,,,Er.--,.E.-.-1,44---E7t-E-.-0, -Z'sie-Et-f,/,''--,i- "",",'";::-.:`,:-,17-11,k-I-A"-",:'i.-".:44;,..Ifilz1::: -,--.-'', ”EEZ'r-g",":3-%`'-tr-',-,:",:1,•4 ., 1,-,..E-,-,E.,.. ......,...--E,&-...,;,-,,-,...,,,..--'1: -,i,"2---,'''vE;-1..,"-'-!_,...--.:,E-----_-,',.;,.4,--.,..m..-_.--4,--,"E. a,E...":"..:;-.-.E-;:i -,-,,,,-.4,-ef.:-1--54-_,,,,,N.,--,..E.,-,-.,--,..--A .i.4.:,..-;.,4. •,,,., " .4,1.....;_,-.2?„--e,;E:p.,,,-1,:, ;3 j . "' `:.!r",...;,,-:-.',.%,„,-..l:,,„;•-,7R-A-,,,,,.:ASA53'',..• .-..- --:t,--.,'.',-;6'7.',:t•-..104'.'1.i..*:;.--1,,'";.,.,,,,-,,.''''...''.,!':-.'....,7,,..-e,.4,..A:.....f...',,,,--'r1,,„' ' ' .-1440000 •,--r: '2:-.=1..-...:2',-'..'-.---:','!';'.'",:-.:'A'17:,,, Trt.i.4i..1, ,,-'.'1'... ."..v*.,-,,,i,---le.'' • . ''':;', ---gtJ-;`;.-'.....''.•,-;../,:'7,-';$,-'''' ir` Ct`terl.t'.' Allen Braci‘c ,. „- ,_,.. • • i',,-.4.6,,;.- 71-*,',,_,.-",•1';'.:---•,' ,_.......,.... .__ i i •-f:ek,t-AF*;:-*5,- ...: Summary Appraisal4R eport of Menton Municipal Airport Properties .. .1 RentoRneMntuonni,cwipLaaslohAicianrtopi000rnnt .1 . . Narilv 1 . Date of Report September 5, 2007 . , . . . . . . . . - , . - . .. Date of Valuation May 52007 ... . _ • r , . . - ... .. . : . . . . Appraised by Murray Brackett, MAI Heber Kennedy III, Associate „...... ... .. ,. - .. • , -.17,.. ,, ...... -.. , -, —- - •,--:;--,--!"-.N.6 • ,,,,c;-_,.,,,,l,„;:::q...,,,,,,,,. • —,:-',-,-,',-':,-..•:?;-",--;',.-- --5 ---v..•---,--_--,,-"--- ----,--,',---',---i2,-,---,--,-.: ,-,----:-;-,,,-,--..-::_-_,...'.7,-,..,•,, -,._,,,,,s-,&:',4'..- "'",--!A;.'"'..--:.- .-. ,-E..-",,:,'::",",--:.-"i:;""1".6t",4.- v;•:'--43,0*-Art4.v,-."'..,'"....":Y-1$4.4,4''i.,:.`"_' "'-'-":".';-".. --.".",e.ti-4';K?0:1ct"*-:";'.Xt-,VE-'"--',,Y.--,.'3":,----;,:::-"ii"E; . -..-,-,,iit--04--;,:,,-,,,,,,,c;.--,..--t:,:-,, ,.'-:..,.".2,..cv, -,-,;,-,,.-44t.,,,,43,N:.,,,-.-E-';',--4Az,,,?-4-",:v-E‹";-----'&,.:4I-7-,.."-',.-',,''--, ':-."...',..;•,-'±‘.';.$.t:'.4-0.7rMr-'-'.'';'/i-..2"-"-":".-::4,- '-j-,'"--";-r-.3.?':' ,'''',,'-`''' '' ' - ":.':- '.:,;'''',.giq-i1.-t`dr-IS" ,,''4,2-..,:.:"..,:4-3;-,,.-,NA-,-A4"4,-;.,. 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''..`:,,,,g,'-±14'si:,,:i.i.t4-',-b.;:1741e4'''''''' - :::-:-,'A'J'''''-'.--'-.'_,' ," ' -.',......'`,,-..,.T.', T '->''..-.:*,,,...,'11, V•,:i„1,..-1-..,,,It,',....4Y.,,,:-.,-;',,-; ',1,'„!:-,i,,,;', ''' T.', CT-Ts,-,T:.--,,,t,,,4,,p,,ii,'?>!,,,,,t1,,,,..:7:',,',.:1-1,-,-,A,,-;-_,,;;;...il--,,,.:,--;, - -. ,-.',,,I.,r,,F-i*:i:iolwik,:'"_'',R.'!-:,'fg,.-..','I'',.:•tIt'--3-';',"':i:-,.'X ,..::::.?;;,,.:,..., , ...„- . .-•;..-.,,,-,-.1,-,g,-,#.4--,..,,,a,-,m,,;,,vii,4,,A,,-,e---2-,,,,4-4„,:.;?-2;, ..; ,_-- '-- --- •'-"'- ' '"'" n' ' li Allen Brackett Shedd Real Estate Appraisers and Consultants Bruce C.Allen,MAI, CRE,President Denise M.Lane,MAI, Vice President Murray Brackett,MAI, Vice President Darin A.Shedd,MAI, Vice President • September 5, 2007 I' Mr. Ryan Zulauf, Airport Manager Renton Municipal Airport 616 West Perimeter Road Renton, Washington 98055 RE: LAND RENTAL RATE ANALYSIS FOR SELECTED AIRPORT PROPERTIES LOCATED AT THE RENTON MUNICIPAL AIRPORT IN KING COUNTY, WASHINGTON (Our File#27034) Dear Mr. Zulauf: At your request we have completed an Summary Appraisal Assignment in order to provide an opinion of the market rental rates for land and selected individual buildings on the Renton Municipal Airport. This report is intended to review the airport properties in light of current market activity. It is, therefore, prepared in a Summary Report format. The determination of land rental rates, our first approach involves the analysis and study of surrounding airports. Their land classifications, methods of valuation, trends, and actual rental rates are discussed in detail. Over the past ten years, many airports have implemented more consistent leasing policies, although differences in the types of users at each airport, coupled with demand issues, have led to minor variations unique to each facility. Our conclusion considers the actual usage of the airport and the various market forces present in airport properties. The second approach is an analysis of land sales in the vicinity of the Renton Municipal Airport, concentrating on sites with similar allowed uses. These sales are directly compared to the subject, with adjustments for specific factors leading to a conclusion of value and ultimately, a periodic rental rate. Our improved property rate analysis includes the study of building rental rates at competing airports. A supplementary second approach analyzes an appropriate rate of return based on cost of the structure. This report has been prepared in conformance with the standards and ethics of the Appraisal Institute. It is intended to assist in the application of new and renewed rental rates on the airport. 12320 NE 8th Street,Suite 200 Bellevue,Washington 98005 Phone(425)450-4040 Fax(425)688-1819 41, lav enue, Suite A Fircrest,Washington 98466 Phone(253)274-0099 Fax(253) 564-9442 I This appraisal assignment was prepared in conformance with the Uniform Standards of Professional Appraisal Practice (USPAP) and is intended to conform to the appraisal standards of the entie inthis report,this asisal.well aseour analyses ons of j properties used for comparison are included and conclusions. The conclusions herein are given subject to the specific assumptions and limiting conditions stated immediately following this transmittal letter. Although the primary function of this assignment is to convey opinions of Market Rent, this is classified as a Summary Appraisal Report which is intended to comply with the reporting requirements set forth under Standards Rule 2-2(b) of the Uniform Standards of Professional Appraisal Practice (USPAP). As such, it presents only summary discussions of the data, reasoning, and analyses that were used in the appraisal process to develop the appraiser's opinion of value. Supporting documentation concerning the data, reasoning, and analyses is retained in the appraiger's file. The depth of discussion contained in this report is specific to the needs°'of the client and for the intended use stated below. The appraiser is not responsible for unauthorized use of this report. Based on the information contained in the following report, our opinion of rental rates for the various land categories is summarized as follows. Concluded Rental Rates Concluded Category Rental Rate Land Aviation Land $0.57 sf/year Executive Hangar Area $0.65 sf/year Buildings 608 Hangar Building&Land $26,771 -$29,357 annually(not incl.LHT) 622 Hangar Building&Land $29,719 -$32,579 annually(not incl.LHT) "300" Office Building Only $708 -$850/month(land rent not incl.) T-Hangars $340/month(incl.LHT) If you have further questions not answered in the accompanying report, please do not hesitate to call. Sincerely, ALLEN BRACKETT SHEDD Z Murray Brac ett, MAI Heber ennedy I ' , Associate kr Enclosures Nad Allen Brackett Shedd Page 2 27034REVMB.DOC-Copyright G 2006 I I II Summary of Total Hangar Rental Analysis 608 Hangar 622 Hangar Annual Improvement Rent $21,600 $24,000 Annual Land Rent: Area(sf) Rent Area(sf) Rent 2:1 LTB 9,072 $5,171 10,034 $5,719 3:1 LTB 13,608 $7,757 15,051 $8,579 Total Annual Rent $26,771 -$29,357 $29,719-$32,579 — Cedar River and City T-Hangers Renton Airport has two T-Hangar areas, with the 29-unit "Cedar River" hangars on the east side of the airport and the 10-unit "City" hangars near the control tower on the west side of the airport. Both were constructed at roughly the same time in the mid-1970s, and are average quality facilities fully enclosed with sliding doors and power outlets. As of the effective date of appraisal a variety of actual rental rates is being received for the buildings. However, the standard quoted rental rate is $321 per bay per month. This is effectively a rate of approximately $285 plus leasehold excise tax of 12.84%. Due to the age of the hangars (depreciation) and unique nature of use, a return on cost approach to determining rent is not appropriate here. The chart below indicates current rental rates for single-engine and twin-engine T-hangar bays for airports throughout the northwest. The rental rates include the underlying land and an appropriately sized apron around the leased building area. Most of the airports, including the subject, have waiting lists at this time. The rates are quoted in terms of dollars per bay per month, including leasehold excise tax. Allen Brackett Shedd Page 44 27034REVMB.DOC-Copyright©2007 4 I Comparable T-Hangar Rates Wait Single Engine Twin Engine Power or Airport Rate/mo. Rate/mo. Manual Door?Heat? Electrical? Lighting? Age? Windows? Constr.? List Notes Arlington Airport owned $130(older) All manual No No No 30+yrs. 20+yrs. No Steel Yes Airport owned $191 $320 sliding No Yes, Yes, No Steel Yes 5-amp Auburn Municipal Airport $288 $407 All manual No Yes, basic outlets Yes 38 years • No Steel Yes RiponBellingham No Wood Yes a, Airport owned $226 N/A All manual No Yes, Yes, 32 yrs Frame Private•new $350 sliding 20 amp florescent •Private•new $3,600(60'doors) circuit breaker Hoeing Plaid Airport owned $654-$827 N/A All manual No Yes, Yes 40+yrs. No Frame Yes basic outlets grernrrrton Airport owned $185(40'doors) N/A All manual No Yes, Yes, Small: 20+yrs. No Frame es Airport owned $285(45'doors) sliding 110 amp florescent Large:10 yrs. 04,/iiia f. 15-20 yrs. No Steel Yes 8 Airport owned $209(40'doors) All manual No Yes, Yes, standard Incandescent Frame sliding Airport owned $302(45'doors):: outlets Executive $518(60'doom) Paint±Field Airport owned $255(39'doors) All manual No Yes Yes 20+yrs. No Steel Yes It Airport owned $377(42'doors) sliding No Yes, Yes 5+years Yes Steel Yes 15-amp,4 outlets Roman MunicipalSteel Airport owned $321 N/A All manual No Yes, Yes 40+yrs. No Frame Yes basic outlets n gwrranudurtiasur, uh OW'which include upsrars containing baths.bedrooms and lax hen, All Rates include LH exam.tax We have analyzed T-hangar rates, construction costs, land rates, and competing facilities in order to arrive at an equitable T-hangar rate for Renton Airport. It is • typical in this industry that private T-hangars receive higher rates than public hangars. However, the public units are generally older. We believe that hangars of similar quality should receive an equal return whether they are publicly or privately owned. We have attempted to expand our discussion regarding the individual components/amenities of T-hangars at other facilities. As can be seen by the above chart, none of the competing T-hangars at other airports offer heating, while nearly all contain some form of power and lighting (either fluorescent or incandescent bulbs). The age of other hangars varies, representing an overall general range of 10 to over 30 years. Only one of the competing hangars contained windows, with the exception of end-unit storage facilities. Most consist of steel frame construction with metal siding. As shown on the chart, most single-engine hangars are in the upper $200s to low $300s per month for rent, with larger, two-engine hangars in the $400 per month range. It is also clear that airports closer to the Seattle area (Boeing Field inNowili Allen Brackett Shedd Page 45 4dded- ednscnf tench. CITY OF RENTON COUNCIL AGENDA BILL AI#: ‘• d. Submitting Data: For Agenda of: November 26, 2007 Dept/Div/Board.. AJLS/Mayor's Office Staff Contact Kathy Keolker, Mayor Agenda Status Consent X Subject: Public Hearing.. Correspondence.. Municipal Arts Commission Appointments: Ordinance Mr. Doug Kyes and Mr. Frederick Lund Resolution Old Business Exhibits: New Business Study Sessions Community Service Applications Information Recommended Action: Approvals: Legal Dept Refer to Community Services Committee Finance Dept Other Fiscal Impact: Expenditure Required... Transfer/Amendment Amount Budgeted Revenue Generated Total Project Budget City Share Total Project.. SUMMARY OF ACTION: Mayor Keolker appoints the following to the Municipal Arts Commission: Mr. Doug Kyes, 2837 Blaine Ave NE, Renton, WA 98056 (position previously held by Roosevelt Lewis) for an unexpired term, expiring on December 31, 2008. Mr. Frederick Lund, 408 Lind Avenue NW, Renton, WA 98057 (position previously held by Patricia Riggs) for a term expiring on December 31, 2010. STAFF RECOMMENDATION: Confirm Mayor Keolker's appointments of Mr. Doug Kyes and Mr. Frederick Lund to the Municipal Arts Commission. Rentonnet/agnbill/ bh CITY OF RENTON APPLICATION FOR COMMUNITY SERVICE If you are interested in participating in local government by membership on any of the following City boards, commissions,or committees,please complete this application and return it to: Office of the Mayor City of Renton 1055 South Grady Way Renton, WA 98057 Check the boards/commissions/committees in which you are interested: ❑ AIRPORT ADVISORY COMMITTEE* ❑ PLANNING COMMISSION* ❑ CIVII,SERVICE COMMISSION* ❑ ADVISORY COMMISSION ON DIVERSITY ❑ HOUSING AUTHORITY* ❑ SENIOR CITIZENS ADVISORY COMMITTEE* ❑ HUMAN SERVICES ADVISORY COMMITTEE* ❑ SISTER CITY COMMITTEE-CUAUTLA ❑ LIBRARY BOARD 0 SISTER CITY COMMITTEE-NISHIWAKI MUNICIPAL ARTS COMMISSION* ❑ TRANSIT ADVISORY BOARD ❑ PARKS COMMISSION* *Special membership requirements apply. Visit www.rentonwa.gov or call 425-430-6500 for details. Your application will be given every consideration as vacancies occur. MR.12 MS.❑ NAME I J G e 5 DATE l/! / — 0 ADDRESS �-°t7k 3 '7 1,:-; (c./ pit C. 7- ye—, it/g 671-11 j ZIP CODE 7,6-5-6 PHONE: DAY V,-,2 ,-2- `><3 NIGHT EMAIL A , (a) etvvx-- 46 RENTON RESIDENT? & .-- IF SO,SINCE WHEN? I9 CITY OF FORMER RESIDENCE 46 -71EDUCATIONAL BACKGROUND �5 ( L fi' I�'S G� `11/ 0140- g c.! / 1 OCCUPATION ] e re EMPLOYER OCCUPATIONAL BACKGROUND ,)--77Y 1'S I l,r v X,/ e i/7 2 D3 � t' r -� kl9COMMUNITY ACTIVITIES(organizations/clubs/service groups,etc.) t C C k STV 0t!'/ht'.YS Ke f e J /92 7 A-/ y i��� C� 154 f2 ef7 o r) ,vis C ��rn m/& rV,ri 7;A' yyIL IIori r / I ,t4 L �j�� �`1��.GF,1 �'T �t ,r I filo ea S m �©�a0�' /�4�'� ��� O � ASON FOR 2PLYgrGFOR THIS BOARD/COMMISSION/COMMITTEE tAl'ai rni /e of !J g G J CAN ATTEND DAY MEETINGS? CAN ATTEND NIGHT MEETINGS?____ Applications wi a kept on file for one year.If you have questions about serving on a boar commission,or committee,please feel free to contact the Mayor's Office at 425-430-6500. 050305 (30 AIN f . 1/'m P. • CITY OF RENTON APPLICATION FOR COMMUNITY SERVICE If you are interested in participating in local government by membership on any of the following City boards, commissions,or committees,please complete this application and return it to: Office of the Mayor City of Renton 1055 South Grady Way Renton, WA 98057 Check the boards/commissions/committees in which you are interested: ❑ AIRPORT ADVISORY COMMITTEE* ❑ PLANNING COMMISSION* ❑ CIVIL SERVICE COMMISSION* U ADVISORY COMMISSION ON DIVERSITY ❑ HOUSING AUTHORITY* ❑ SENIOR CITIZENS ADVISORY COMMITTEE* ❑ HUMAN SERVICES ADVISORY COMMITTEE* ❑ SISTER CITY COMMITTEE-CUAUTLA ❑�IRARY BOARD ❑ SISTER CITY COMMITTEE-NISHIWAKI MUNICIPAL ARTS COMMISSION* ❑ TRANSIT ADVISORY BOARD ❑ PARKS COMMISSION* ❑ NON-MOTORIZED TRANSPORTATION ADV CMTE *Special membership requirements apply. Visit www.rentonwa.gov or call 425-430-6500 for details. Your application will be given every consideration as vacancies occur. MR. MS.❑ NAME �,/ �O DATE '� ADDRESS / -/N IA % P - V 44/2%--- /Y Vv ZIP CODE g s7 T PHONE: DAY ,--67 ) 3 0-1-Z NIGHT ���/?j V 1 EMAIL f"7/12 -1---69443/ ,fl RENTON RESIDENT? 1/C; - IF SO,SINCE WHEN? `Q66 CITY OF FORMER RESIDENCES EDUCATIONAL BACKGROUND CO2KI IS/4 C-C) 5 OCCUPATION EMPLOYER OCCUPATIONAL BACKGROUND ! g*PH 6- 13e /6--4.) , COMMUNITY ACTIVITIES(organizations/clubs/service groups,etc.) REASON FOR APPLYING FOR THIS BOARD/COMMISSION/COMMITTEE 10 -FieLP I f tv.-ED- CAN E)-CAN ATTEND DAY MEETINGS? qe:: CAN ATTEND NIGHT MEETINGS? - Applications will be kept on file for one year. If you have questions about serving on a board, commission,or committee,please feel free to contact the Mayor's Office at 425-430-6500. 1/24/07 r' �(,� : /'2/o c r/fin'°C riot , ArEMOVED BY 1 PUBLIC SAFETY COMMITTEE CETT COUNCIL i COMMITTEE REPORT Data 1/-26- 1407 November 26, 2007 Addendum to Fire District 25 Operating Agreement (Referred November 19, 2007)) The Public Safety Committee recommends concurrence in the staff recommendation to approve the contract addendum to extend Renton's operating agreement with King County Fire District 25 for two additional years, through 2009. The Committee further recommends that the resolution regarding this matter be adopted. )&41-t 61 4../ D is Waw, Chair ) a 7 Don Persson, Vice Chair R.1 Corman, Member cc: I.David Daniels,Administrator,Fire&Emergency Services APPROVED BY CITY COUNCIL PUBLIC SAFETY COMMITTEE ��- ����: COMMITTEE REPORT Date 1/- November 26,2007 Public Defense Services Agreement (Referred November 19, 2007)) The Public Safety Committee recommends concurrence in the staff recommendation to authorize the Mayor and City Clerk to enter into an agreement with Kameron C. Cayce & Associates for public defense services for the years 2008-2010. /J./06 Denis W. Law, Chair 11/ Don Persson, Vice Chair R dy Corman,Member cc: Joe McGuire,Court Services Director APPROVED BY -1 CITY COUNCIL FINANCE COMMITTEE Data //- -2°617 COMMITTEE REPORT November 26, 2007 2007 Year End Budget Amendments Ordinance (Referred November 19, 2007) The Finance Committee recommends adoption of the 2007 Year, End Budget Amendments Ordinance, which appropriates funds from fund balance and new revenue increasing 2007 expenditures in various funds and departments. This ordinance increases the 2007 budgeted expenditures by $3,584,104 and increases the revenue estimates by $7,726,095 for a net change of$4,141,991. The Committee further recommends that the ordinance regarding this matter be presented for first reading. 1y \ Don P- sson, Chair Denis W. Law, Vice Chair -Not in Attendance- Dan Clawson, Member cc: Mike Bailey,FIS Administrator Linda Parks,Fiscal Services Director Nancy Violante,Financial Services Manager %E.sec/ CITY OF RENTON, WASHINGTON //C/0/Died //a('XO7 RESOLUTION NO. 3919 A RESOLUTION of the City Council of the City of Renton, Washington, approving the sale of the City's Water and Sewer Revenue Bonds, Series 2008A, and Water and Sewer Revenue Bonds, Series 2008B (Taxable), in the aggregate principal amounts of $9,975,000 and $2,035,000, respectively, to provide funds for the purpose of financing the costs of carrying out certain capital improvements of the waterworks utility; and approving the sale of such bonds to Seattle-Northwest Securities Corporation, all in accordance with Ordinance No. 5313 of the City. WHEREAS the City Council by Ordinance No. 5313 passed on October 22, 2007 (the "Bond Ordinance"), authorized the issuance and sale of three series of water and sewer revenue bonds of the City in the aggregate principal amount of not to exceed $23,000,000 (the "Bonds") for the purpose of financing the costs of carrying out certain capital improvements of the waterworks utility and refunding certain outstanding water and sewer revenue bonds of the City, and WHEREAS, the Bond Ordinance authorized the City Finance Director to enter into negotiations for the sale of the Bonds and to present a bond purchase agreement to the City Council for approval by resolution, establishing the terms of each series of Bonds, and WHEREAS, Seattle-Northwest Securities Corporation (the "Underwriter") has purchased the first series of Bonds designated the City of Renton, Washington Water and Sewer Revenue and Refunding Bonds, 2007 in the aggregate principal amount of$9,750,000, and WHEREAS, the Underwriter has offered to purchase the second and third series of Bonds designated the City of Renton, Washington Water and Sewer Revenue Bonds, Series 2008A and Water and Sewer Revenue Bonds, Series 2008B (Taxable) in the aggregate principal amounts of $9,975,000 and $2,035,000, respectively (together, the "2008 Bonds") on the terms set forth in the bond purchase agreement attached hereto as Exhibit A hereto (the "Purchase Agreement"), and WHEREAS, it is in the best interests of the City to sell the 2008 Bonds to the Underwriter on the terms and conditions set forth in the Bond Ordinance, this resolution and the Purchase Agreement, and WHEREAS, in accordance with the Bond Ordinance, the City Council wishes to authorize and approve the sale of the 2008 Bonds to the Underwriter and the final principal maturity amounts, interest rates, bond insurance provisions, and redemption rights for the 2008 Bonds, all as set forth herein, RESOLUTION NO. 3919 BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF RENTON, WASHINGTON: Section 1. Definitions. Except as otherwise defined herein, capitalized terms used in this resolution have the meanings set forth in the Bond Ordinance. Section 2. Authorization of Issuance and Sale of the 2008 Bonds. The issuance of the 2008 Bonds, designated as the "City of Renton, Washington Water and Sewer Revenue Bonds, Series 2008A" and "City of Renton, Washington Water and Sewer Revenue Bonds, Series 2008B (Taxable)," in the aggregate principal amounts of $9,975,000 and $2,035,000, respectively, each dated as of their date of delivery, is hereby approved. The 2008 Bonds shall be in the denomination of$5,000 or any integral multiple thereof within a single maturity; shall be numbered separately, in the manner and with any additional designation as the Bond Registrar deems necessary for purpose of identification; shall bear interest from their date (computed on the basis of a 360-day year of twelve 30-day months), payable semiannually on each June 1 and December 1, commencing June 1, 2008, to the maturity or prior redemption of the 2008 Bonds. The City of Renton, Washington Water and Sewer Revenue Bonds, Series 2008A shall mature on December 1 in the years and amounts and bear interest at the rates per annum as follows: Maturity Years Interest (December 1) Amounts Rates 2016 $480,000 4.00% 2017 695,000 4.00 2018 565,000 5.00 2019 645,000 4.00 2020 720,000 4.00 2021 760,000 4.00 2022 790,000 4.00 2023 980,000 4.10 2024 1,020,000 4.15 2025 1,060,000 4.20 2026 1,105,000 4.25 2027 1,155,000 4.30 The City of Renton, Washington Water and Sewer Revenue Bonds, Series 2008B (Taxable) shall mature on December 1 in the years and amounts and bear interest at the rates per annum as follows: Maturity Years Interest (December 1) Amounts Rates 2013 $610,000 4.70% 2014 600,000 4.85 2015 630,000 5.10 2016 195,000 5.25 -2- P:\20584 JAR120584 254 07/11/26 RESOLUTION NO. 3919 If any Bond is duly presented for payment upon maturity and is not paid, then interest thereon shall continue to accrue thereafter at the rate stated therein until such Bond is paid. The 2008 Bonds shall conform in all other respects to the terms and conditions set forth in the Bond Ordinance, except as expressly provided herein. Section 3. Optional Redemption. The City of Renton, Washington Water and Sewer Revenue Bonds, Series 2008A maturing on or after December 1, 2018 shall be subject to optional redemption prior to maturity on and after December 1, 2017, in whole or in part on any date (maturities to be selected by the City and by lot within a maturity in such manner as DTC or the Bond Registrar, as appropriate, shall determine), at par plus accrued interest to the date of redemption. The City of Renton, Washington Water and Sewer Revenue Bonds, Series 2008B (Taxable) are not subject to optional redemption prior to maturity. Section 4. Insurance. (a) Acceptance of Insurance. In accordance with the offer of the Underwriter to purchase the 2008 Bonds, the City Council hereby approves the commitment of MBIA Insurance Corporation (the "Bond Insurer") to provide a bond insurance policy guaranteeing the payment when due of principal of and interest on the 2008 Bonds (the "Bond Insurance Policy"). The City Council further authorizes and directs all proper officers, agents, attorneys and employees of the City to cooperate with the Bond Insurer in preparing such additional agreements, certificates, and other documentation on behalf of the City as shall be necessary or advisable in providing for the Bond Insurance Policy. (b) Payments Under the Bond Insurance Policy and Rights of the Bond Insurer. (1) In the event that, on the second business day, and again on the business day, prior to the payment date on the 2008 Bonds, the Bond Registrar has not received sufficient money to pay all principal of and interest on the 2008 Bonds due on the second following or following, as the case may be, business day, the Bond Registrar shall immediately notify the Bond Insurer or its designee on the same business day by telephone or telegraph, confirmed in writing by registered or certified mail, of the amount of the deficiency. (2) If the deficiency is made up in whole or in part prior to or on the payment date, the Bond Registrar shall so notify the Bond Insurer or its designee. (3) In addition, if the Bond Registrar has notice that any bondowner has been required to disgorge payments of principal or interest on the 2008 Bonds to a trustee in bankruptcy or creditors or others pursuant to a final judgment by a court of competent jurisdiction that such payment constitutes an avoidable preference to such bondowner within the meaning of any applicable bankruptcy laws, then the Bond Registrar shall notify the Bond Insurer or its designee of such fact by telephone or telegraphic notice, confirmed in writing by registered or certified mail. -3- P\20584 JAR Q0584 254 07/11/26 RESOLUTION NO. 3919 (4) The Bond Registrar is hereby irrevocably designated, appointed, directed and authorized to act as attorney-in-fact for owners of the 2008 Bonds as follows: a. If and to the extent there is a deficiency in amounts required to pay interest on the 2008 Bonds, the Bond Registrar shall (i) execute and deliver to U.S. Bank Trust National Association, or its successors under the Bond Insurance Policy (the "Insurance Paying Agent"), in form satisfactory to the Insurance Paying Agent, an instrument appointing the Bond Insurer as agent for such owners in any legal proceeding related to the payment of such interest and an assignment to the Bond Insurer of the claims for interest to which such deficiency relates and which are paid by the Bond Insurer, (ii) receive as designee of the respective owners (and not as Bond Registrar) in accordance with the tenor of the Bond Insurance Policy payment from the Insurance Paying Agent with respect to the claims for interest so assigned, and (iii) disburse the same to such respective owners; and b. If and to the extent of a deficiency in amounts required to pay principal of the 2008 Bonds, the Bond Registrar shall (i) execute and deliver to the Insurance Paying Agent in form satisfactory to the Insurance Paying Agent an instrument appointing the Bond Insurer as agent for such owner in any legal proceeding relating to the payment of such principal and an assignment to the Bond Insurer of any of the 2008 Bonds surrendered to the Insurance Paying Agent of so much of the principal amount thereof as has not previously been paid or for which moneys are not held by the Bond Registrar and available for such payment (but such assignment shall be delivered only if payment from the Insurance Paying Agent is received), (ii) receive as designee of the respective owners (and not as Bond Registrar) in accordance with the tenor of the Bond Insurance Policy payment therefor from the Insurance Paying Agent, and (iii) disburse the same to such owner. (5) Payments with respect to claims for interest on and principal of 2008 Bonds disbursed by the Bond Registrar from proceeds of the Bond Insurance Policy shall not be considered to discharge the obligation of the City with respect to such 2008 Bonds, and the Bond Insurer shall become the owner of such unpaid Bonds and claims for the interest in accordance with the tenor of the assignment made to it under the provisions of this subsection or otherwise. (6) Irrespective of whether any such assignment is executed and delivered, the City and the Bond Registrar hereby agree for the benefit of the Bond Insurer that: a. They recognize that to the extent the Bond Insurer makes payments, directly or indirectly (as by paying through the Bond Registrar), on account of principal of or interest on the 2008 Bonds, the Bond Insurer will be subrogated to the rights of such owners to receive the amount of such principal and interest from the City, with interest thereon as provided and solely from the sources stated in this resolution and the 2008 Bonds; and b. They will accordingly pay to the Bond Insurer the amount of such principal and interest (including principal and interest recovered under subparagraph (ii) of the first paragraph of the Bond Insurance Policy, which principal and interest shall be deemed past due and not to have been paid), with interest thereon as provided in this resolution and the -4- P:120584_JAR\20584 254 07/11/26 RESOLUTION NO. 3919 2008 Bonds, but only from the sources and in the manner provided herein for the payment of principal of and interest on the 2008 Bonds to owners, and will otherwise treat the Bond Insurer as the owner of such rights to the amount of such principal and interest. (c) Rights of Bond Insurer. (1) In connection with the issuance of Future Parity Bonds, the City shall deliver to the Bond Insurer a copy of the disclosure document, if any, circulated with respect to such Future Parity Bonds. (2) The Bond Insurer shall receive copies of the City's audited financial statements and annual budget. (3) Copies of any amendments made to the documents executed,in connection with the issuance of the 2008 Bonds which are consented to by the Bond Insurer shall be sent to Standard & Poor's Ratings Services, a Division of The McGraw-Hill Companies, Inc. (4) The Bond Insurer shall receive notice of the resignation or renewal of the Bond Registrar and the appointment of a successor, other than the designated state fiscal agent. (5) Any notices required to be given by any party under this resolution shall also be given to the Bond Insurer and sent by registered or certified mail addressed to: MBIA Insurance Corporation, 113 King Street, Armonk,New York 10504, Attention: Surveillance. (6) The City agrees to reimburse the Bond Insurer immediately and unconditionally upon demand, to the extent permitted by law, for all reasonable expenses, including reasonable attorneys' fees and expenses, incurred by the Bond Insurer in connection with (i) enforcement by the Bond Insurer of the City's obligations, or the preservation or defense of any rights of the Bond Insurer, under this resolution and any other document executed in connection with the issuance of the 2008 Bonds, and (ii) any consent, amendment, waiver or other action with respect to this resolution or any related document, whether or not granted or approved, together with interest on all such expenses from and including the date incurred to the date of payment at Citibank's Prime Rate plus 3% or the maximum interest rate permitted by law, whichever is less. In addition,the Bond Insurer reserves the right to charge a reasonable fee in connection with its review of any such consent, amendment or waiver, whether or not granted or approved. (7) The City agrees not to use the Bond Insurer's name in any published document including, without limitation, a press release or presentation, announcement or forum without the Bond Insurer's prior consent; provided that the City may use the Bond Insurer's name in any general or particular factual statement to the effect that the Bond Insurer insures certain outstanding City bonds. In the event that the City is advised by counsel that it has a legal obligation to disclose the Bond Insurer's name in any press release, public announcement or other published document, the City shall provide the Bond Insurer with at least three (3) business days' prior written notice of its intent to use the Bond Insurer's name together with a copy of the proposed use of the Bond Insurer's name and of any description of a transaction with the Bond -5- P:\20564 JAR\20564 254 07/11/26 RESOLUTION NO. 3919 Insurer and shall obtain the Bond Insurer's prior consent as to the form and substance of the proposed use of the Bond Insurer's name and any such description. The foregoing shall not apply to any request for public records duly received by the City pursuant to chapter 42.17 RCW, and the City shall not be obligated to notify the Bond Insurer of its intent to comply with any public disclosure request. (8) The City shall not enter into any agreement nor shall it consent to or participate in any arrangement pursuant to which 2008 Bonds are tendered or purchased for any purpose other than the redemption and cancellation or legal defeasance of such 2008 Bonds without the prior consent of the Bond Insurer. The provisions of this section shall be in effect only so long as the Bond Insurance Policy is in full force and effect. Section 7. Acceptance of Offer. The City Council hereby finds that the offer of the Underwriter to purchase the 2008 Bonds under the terms set forth in the Purchase Agreement is fair and reasonable and it is in the best interest of the City that the 2008 Bonds shall be sold upon the terms and conditions set forth in the Purchase Agreement and upon the basis of the representations therein set forth. The City Council further finds that all conditions precedent to or concurrent with the acceptance of the Purchase Agreement by the City Council have been met. The City Council hereby accepts the Purchase Agreement and authorizes the City Finance Director to execute the Purchase Agreement and deliver it to the Underwriter. The 2008 Bonds shall be issued and delivered to the Underwriter upon payment of the purchase price specified in the Purchase Agreement. Section 8. Approval of Official Statement. The City Finance Director is authorized and directed to execute and deliver to the Underwriter copies of an official statement for the 2008 Bonds, in substantially the form of the Preliminary Official Statement dated November 16, 2007; provided, however, that the City Finance Director is authorized to supplement or amend the Official Statement as he deems necessary or appropriate. The City Council hereby ratifies the City Finance Director's determination that the Preliminary Official Statement was deemed final for purposes of Rule 15c2-12 promulgated under the Securities Exchange Act of 1934 (except for the omission of certain final pricing, rating and related information as permitted by such rule). Section 9. Further Authority. The City officials, their agents, and representatives are hereby authorized and directed to do everything necessary for the prompt issuance and delivery of the 2008 Bonds and for the proper use and application of the proceeds of such sale. Section 10. Severability. The covenants contained in this resolution shall constitute a contract between the City and the owners of each and every 2008 Bond. If any one or more of the covenants or agreements provided in this resolution to be performed on the part of the City shall be declared by any court of competent jurisdiction to be contrary to law, then such covenant or covenants, agreement or agreements, shall be null and void and shall be deemed separable from the remaining covenants and agreements of this resolution and shall in no way affect the validity of the other provisions of this resolution or of the 2008 Bonds. -6- P:\20564 JAR120584 254 07/11/26 RESOLUTION NO. 3919 Section 11. Effective Date. This resolution shall be effective after its passage as provided by law. Passed November 26, 2007. Kathy Keolker, Mayor Attest: Bonnie I. Walton, City Clerk Approved as to form and legality: K&L PRESTON GATES ELLIS LLP Bond Counsel to the City of Renton By Attachment: Exhibit A—Bond Purchase Agreement -7- P:'20584 JAR\20564 254 07/11/26 RESOLUTION NO. 3919 EXHIBIT A Bond Purchase Agreement A-1 P:120584_JAR120584_254 07/11/26 MMS SEATTLE-NORTHWEST 1420 Fifth Avenue NUM SECURITIES CORPORATION Suite 4300 11111111111111111111 :.. . ,...... Seattle,Washington 98101 November 26, 2007 Honorable Mayor and City Council City of Renton 1055 South Grady Way Renton, Washington 98055 Re: City of Renton, Washington $9,975,000 Water and Sewer Revenue Bonds, Series 2008A $2,035,000 Water and Sewer Revenue Bonds, Series 2008B (Taxable) Honorable Mayor and City Council: Seattle-Northwest Securities Corporation (the "Underwriter") offers to enter into this purchase agreement (the "Purchase Agreement") with the City of Renton, Washington (the "Issuer"), (each of the Underwriter and the Issuer may be referred to herein as a "Party" or collectively as the "Parties"). This offer is contingent upon acceptance by the Issuer by execution and delivery of this Purchase Agreement to the Underwriter at or prior to 11:59 p.m. Pacific Time on the date hereof, by means of hand delivery, facsimile or other secure electronic transmission, such as a PDF file. Upon execution of this Purchase Agreement by the Parties, this Purchase Agreement will constitute a binding agreement between the Issuer and the Underwriter. Capitalized terms in this Purchase Agreement that are not otherwise defined herein shall have the meanings given to such terms in the Ordinance as defined below: 1. Authorization and Documents The issuance, sale and delivery of the Bonds (as defined below) shall be authorized by Ordinance No. 5313 passed by the Mayor and City Council of the Issuer on October 22, 2007 and Sale Resolution No. 3919 adopted by the Mayor and City Council of the Issuer on November 26, 2007 (together, the "Ordinance"). The transaction at which the Bonds are delivered by the Issuer to the Underwriter and paid for by the Underwriter is referred to herein as the"Closing" and the date of such transaction, the"Closing Date." The Ordinance includes an undertaking to provide certain information to nationally recognized municipal securities information repositories and regulatory bodies or their designees or, if the City so chooses, to DAC Bond or DisclosureUSA (so long as such Honorable Mayor and City Council • City of Renton, Washington November 26, 2007 Page 2 method of disclosure continues to be approved by the Securities and Exchange Commission for such purposes). The Ordinance and this Purchase Agreement are collectively referred to herein as the "Documents." 2. Purchase and Sale Subject to the terms and conditions of this Purchase Agreement, the Underwriter hereby agrees to purchase from the Issuer for offering to the public and the Issuer hereby agrees to sell to the Underwriter all, but not less than all of the $9,975,000 aggregate principal amount of Water and Sewer Revenue Bonds, Series 2008A (the "Series 2008A Bonds") and $2,035,000 aggregate principal amount of Water and Sewer Revenue Bonds, Series 2008B (Taxable) (the "Series 2008B Bonds") (the Series 2008A Bonds and Series 2008B Bonds are together, the "Bonds"). The Bonds shall be dated, shall mature, shall bear interest, shall be payable, and shall have redemption provisions, all as set forth in Exhibit C attached hereto. The Underwriter's purchase price for the Bonds also is set forth in Exhibit C. 3. Fiscal Agent; Enhancement; Insurance a) As provided in the Ordinance, the fiscal agent of the State of Washington shall be the fiscal agent for the Bonds, serving as registrar, authenticating agent and paying agent (the "Bond Registrar"). The Bonds shall be payable and shall be secured as provided in the Ordinance and as described in the document entitled Preliminary Official Statement, which is dated November 16, 2007 and which describes the Issuer and the Bonds (the"POS"). b) Payment when due of the regularly scheduled principal of and interest on the Bonds shall be insured by a municipal bond insurance policy (the"Policy") issued by MBIA Insurance Corporation (the"Insurer"). 4. Offering The Underwriter agrees to make a bona fide public offering of all the Bonds, at prices not in excess of the initial public offering prices or at yields not lower than the initial yields as set forth in Exhibit C attached hereto. 5. Official Statement a) In the Ordinance, the Issuer has ratified and "deemed final" the POS for purposes of Rule 15c2-12 of the Securities Exchange Act of 1934, as amended (the "Rule"). The Issuer approves and ratifies the use and distribution by the Underwriter of the POS in connection with the public offering for sale of the Bonds by the Underwriter. -2- Honorable Mayor and City Council • City of Renton, Washington November 26, 2007 Page 3 b) The final official statement shall be substantially in the form of the POS with only such changes permitted by the Rule as shall have been reviewed by the Underwriter (such final official statement, incorporating such changes, if any, shall be referred to herein as the "Final Official Statement"). The Issuer shall cooperate with the Underwriter in the preparation of the Final Official Statement for delivery within seven (7) business days after the date hereof and, in any event, for delivery in sufficient time to accompany any order confirmation from the Underwriter to its customer, and in sufficient time to permit the Underwriter to comply with the provisions of the Rule and with all applicable rules of the Municipal Securities Rulemaking Board. c) The Issuer will not amend or supplement the Final Official Statement without the consent of the Underwriter. The Issuer agrees to notify the Underwriter promptly if, on or prior to the 25th day after the End of the Underwriting Period (as defined below), any event shall occur, or information come to the attention of the Issuer, that would cause the Final Official Statement (whether or not previously supplemented or amended), as of its date, to contain any untrue statement of a material fact or to omit to state a material fact necessary to make the statements therein, in light of the circumstances under which they were made, not misleading. If, in the opinion of the Issuer, such event requires the preparation and distribution of a supplement or amendment to the Final Official Statement, the Issuer at its expense and with Underwriter's assistance, shall amend or supplement the Final Official Statement in a form and manner approved by the Underwriter and will provide such number of copies of the supplement or amendment to the Final Official Statement, as the Underwriter may reasonably request. For purposes of this Purchase Agreement, the "End of the Underwriting Period" shall occur on the Closing Date. 6. Representations, Warranties and Covenants The Issuer represents, warrants and covenants to the Underwriter that as of the date hereof and as of the Closing Date: a) The Issuer is a municipal corporation duly organized and validly existing under the laws and Constitution of the State of Washington; b) The Issuer has duly adopted the Ordinance and it is a valid, legal and binding ordinance of the Issuer; c) The Issuer is duly authorized and has full legal right, power, and authority to issue, sell and deliver the Bonds and perform its obligations under the Documents; d) The Ordinance is in full force and effect and has not been superseded, rescinded or amended; Honorable Mayor and City Council • City of Renton, Washington November 26, 2007 Page 4 e) The Issuer has full legal right, power and authority to and will apply or cause to be applied the proceeds of the Bonds as described in the Ordinance; f) The execution of and performance by the Issuer of its obligations under the Documents will not cause the Issuer to be (i) in violation of any constitutional provision, law, court decree, administrative regulation or judgment or (ii) in material default under any loan agreement, indenture, bond, note, resolution or other material agreement or instrument to which the Issuer is a party or to which the Issuer or any of its properties or assets is otherwise subject; g) All governmental approvals or authorizations required to be obtained by the Issuer prior to the Closing in connection with the issuance and delivery of the Bonds or the performance by the Issuer of its obligations under the Documents have been or will be obtained prior to Closing; h) No filing or registration of the Ordinance or other instrument or financing statement is required to be made to create, protect or preserve the pledge of revenues under the Ordinance or is required for the validity and enforceability of the Ordinance; i) As of the Closing, the Bonds will be legal, valid and binding obligations of the Issuer, and, subject only to the laws of bankruptcy and insolvency, will be enforceable in accordance with their terms and will be in full force and effect; j) Except as described in the Final Official Statement there is no action, suit, proceeding, inquiry or investigation before or by any court, governmental agency, public board or body pending or, to the knowledge of the Issuer, threatened against the Issuer, (i) in any way questioning the legal existence of the Issuer or the titles of the officers of the Issuer to their respective offices; (ii) in any way affecting or contesting or seeking to prohibit, restrain or enjoin the issuance or delivery of the Bonds; (iii) wherein an unfavorable decision, ruling, or finding would have a material adverse effect on the collection and application of revenues that may be collected for the benefit of the Issuer for the payment of the Bonds, the financial condition of the Issuer, or would have an adverse effect on the validity or enforceability of the Bonds or the Ordinance, or which would in any way adversely affect the exclusion of interest on the Series 2008A Bonds from gross income for federal income tax purposes; or(iv) contesting the completeness or accuracy of the POS or the Final Official Statement; and (v) to the actual knowledge of the Issuer, there is no reasonable basis for any action, proceeding, inquiry or investigation of the nature described in the foregoing clauses (i) through (iv); k) The financial statements of the Issuer contained in the Final Official Statement fairly present the financial position of the Issuer as of the dates and for the periods therein set forth in accordance with the accounting standards applicable to the -4- Honorable Mayor and City Council • City of Renton, Washington November 26, 2007 Page 5 Issuer, and since the date thereof, there has been no material adverse change in the financial position of the Issuer; 1) In connection with the financing process, the Underwriter may have provided the format for and certain of the content for inclusion in the POS and may have assumed principal drafting responsibility for the preparation of the POS and may coordinate the preparation and dissemination of the Final Official Statement. The Issuer understands and acknowledges, however, that the ultimate responsibility for the POS and the Final Official Statement with respect to content, accuracy and completeness is the responsibility of the Issuer as an issuer of municipal securities. The Issuer hereby represents and warrants to the Underwriter that the POS did not, as of its date, and the Final Official Statement will not, as of its date and at the Closing Date, contain any untrue statement of material fact nor omit any statement or information which is necessary to make the statements therein, in light of the circumstances under which they were made, not misleading; provided, however, that no representation or warranty is made with respect to information within the POS or the Final Official Statement relating to DTC, the book entry system, the Insurer or the Underwriter; and m) The Issuer has not failed to comply with any prior undertaking under the Rule in the past five years. 7. Termination The Underwriter may terminate its obligation under this Purchase Agreement, without liability therefor, by notifying the Issuer of its election to do so in writing if, after the execution of this Purchase Agreement and prior to the Closing, any one or more of the following events shall have occurred and such event, in the reasonable opinion of the Underwriter (i) would materially and adversely affect the marketability of the Bonds or the prices or yields of the Bonds as set forth in Exhibit C, or (ii) would materially and adversely affect the Underwriter's ability to enforce contracts for the sale of the Bonds: a) A material disruption in commercial banking or securities settlement or clearance services; or b) The United States shall have become engaged in hostilities or existing hostilities shall have escalated or a national emergency or other national or international calamity, including but not limited to terrorist attack(s) or other event; or c) A general suspension of trading or other material restrictions not in force as of the date of this Purchase Agreement on the New York Stock Exchange or other national securities exchange; or d) Declaration of a general banking moratorium by the United States, New York State or Washington State authorities; or -5- Honorable Mayor and City Council • City of Renton, Washington November 26, 2007 Page 6 e) Legislation with respect to eliminating or reducing the exemption from federal or state taxation for interest income received on obligations of the general character of Series 2008A Bonds shall be introduced or enacted by the legislature of the State of Washington or by Congress of the United States or adopted by either the United States House of Representatives or the United States Senate or shall have been recommended to the Congress or otherwise endorsed for passage by the Treasury Department of the United States, the Internal Revenue Service or by the chairman of the Senate Finance Committee or a decision or an order or ruling with respect to eliminating or reducing such exemption, shall have been issued by a court of the United States, including the United States Tax Court, or by or on behalf of the Treasury Department of the United States or the Internal Revenue Service; or f) Legislation shall hereafter be enacted, or actively•considered for enactment, or a decision by a court of the United States shall hereafter be rendered, or a ruling, stop order or regulation by the Securities and Exchange Commission or other governmental agency having jurisdiction of the subject matter shall hereafter be made, the effect of which is or would be that the offering and sale of the Bonds would be illegal or that: i) The Bonds are not exempt from the registration, qualification or similar requirements of the Securities Act of 1933, as amended and as then in effect (the "33 Act") or distribution of the Bonds, as contemplated herein or in the Final Official Statement, is in violation of or not exempt from the registration, qualification or other requirements of the 33 Act, as amended and as then in effect, or the Securities Exchange Act of 1934, as amended and then in effect or the Investment Company Act of 1940, as amended and then in effect (the "Investment Company Act") or, in each case, the rules or regulations promulgated thereunder as then in effect; or ii) The Ordinance is not exempt from the registration, qualification or other requirements of the Trust Indenture Act of 1939, as amended and as then in effect; or iii) This Purchase Agreement is subject to the Investment Company Act or requires any registration under the Investment Company Act; or g) Any litigation, except as described in the Final Official Statement, shall be instituted or pending at Closing to restrain or enjoin the authorization, issuance, execution, sale or delivery of the Bonds or the execution and delivery of any of the Documents, or in any way contesting or affecting any authority for or the validity or enforceability of the Bonds, the Ordinance or any of the other Documents, any moneys or securities provided for the payment of the Bonds or the existence or powers of the Issuer; or -6- Honorable Mayor and City Council • City of Renton, Washington November 26, 2007 Page 7 h) Any legislation, ordinance, rule or regulation shall be introduced in or enacted by any governmental body, board, department or agency of Washington State or of the United States, or a decision by any court of competent jurisdiction within Washington State or any court of the United States shall be rendered materially affecting the Issuer or the Bonds; or i) There shall have been established any new restrictions on transactions in securities materially affecting the free market for securities or the extension of credit by, or the charge to the net capital requirements of the Underwriter, including without limitation, the fixing of minimum or maximum prices for trading or maximum ranges of prices, by any exchange, the Securities and Exchange Commission, any other federal or state agency or the Congress of the United States, or by Executive Order; or j) Except for such changes to the Final Official Statement as provided in Section 5(c) of this Purchase Agreement, there shall have been a material adverse change in the affairs of the Issuer or there shall exist any event or fact or set of facts that either (a) makes untrue or incorrect in any material respect any statement or information contained in the Final Official Statement or (b) isnot reflected in the Final Official Statement but should be reflected therein to make the statements and information contained therein under the circumstances in which made not misleading in any material respect; or k) The withdrawal or downgrading of any rating of the Bonds by a national rating agency from those shown in (c)(i) of Exhibit B. 8. Closing; Conditions of Closing The Closing shall occur on such date and at such time and place as is set forth in Exhibit C or otherwise agreed between the Issuer and the Underwriter, and subject to the satisfaction of the terms and conditions of this Purchase Agreement. At Closing, the following shall occur: the Issuer will deliver the duly executed Bonds or cause to be delivered to the fiscal agent for re-delivery through Fast Automated Transfer System to DTC and will deliver or cause to be delivered to the Underwriter the Ordinance; the Underwriter will accept such delivery and pay the purchase price of the Bonds as set forth in Exhibit C hereof in same day funds. The Issuer shall cause the applicable CUSIP identification numbers to be printed on the Bonds of each maturity, but neither the failure to print such number on any such Bond nor any error with respect thereto shall constitute cause for a failure or refusal by the Underwriter to accept delivery of and to pay for the Bonds. The Bonds shall be prepared and delivered to the Bond Registrar at or prior to the Closing Date. In addition to the other requirements of this Purchase Agreement, Underwriter's obligations hereunder are subject to and conditioned upon Issuer, at or prior to the -7- Honorable Mayor and City Council • City of Renton, Washington November 26, 2007 Page 8 Closing Date, delivering or making available to Underwriter copies of the Documents and such items as are listed in Exhibit B attached hereto and incorporated herein. 9. Fees and Expenses The Issuer will pay the cost of preparing, printing and executing the Bonds; the fees and disbursements of Bond Counsel and Financial Advisor; bond registration and rating fees and expenses; the bond insurance premium; the financial advisor fee; the cost of printing and distributing the POS and Final Official Statement; travel and lodging expenses of the Issuer's employees and representatives; and other expenses of the Issuer. The Underwriter will pay fees and disbursements of its counsel, if any, the cost of preparation and filing of blue sky and legal investment surveys where necessary, the Underwriter's travel expenses, and other expenses of the Underwriter. As a convenience to the Issuer, the Underwriter may from time to time, but only upon the prior written direction from the Issuer, make arrangements for certain items for which Issuer is responsible hereunder, such as printing of the POS and the Final Official Statement and travel or lodging arrangements for the Issuer's representatives. The Underwriter also may advance for the Issuer's account when appropriate and when directed in advance in writing by the Issuer, the cost of the items for which the Issuer is responsible by making payments to third-party vendors. In such cases, the Issuer shall pay such costs or expenses directly, upon submission of appropriate invoices by the Underwriter, or promptly reimburse the Underwriter in the event the Underwriter has advanced such costs or expenses for the Issuer's account. It is understood that the Issuer shall be primarily responsible for payment of all such items and that the Underwriter may agree to advance the cost of such items from time to time solely as an accommodation to the Issuer and on the condition that it shall be reimbursed in full by the Issuer. 10. Miscellaneous a) All matters relating to the Purchase Agreement shall be governed by the laws of the state of Washington. b) This Purchase Agreement is intended to benefit only the parties hereto. Unless it can be shown that the untruth of any representation or warranty of the Issuer or the violation of any agreement of the Issuer hereunder actually was or should have been discovered by the Underwriter through its review of the information in the Final Official Statement in accordance with and as a part of its responsibilities under federal securities laws as applied to the facts and circumstances of this transaction, all representations and warranties and agreements of the Issuer in this Purchase Agreement shall remain operative and in full force and effect, regardless of(i) any investigation made by or on behalf of the Underwriter, (ii) delivery of and payment for the Bonds hereunder, or (iii) any termination of this Purchase Agreement. If the Issuer fails to satisfy any of the foregoing conditions or covenants, or if the Underwriter's obligations are terminated for any reason permitted under this Purchase Agreement, then neither the Underwriter nor the -8- Honorable Mayor and City Council • City of Renton, Washington November 26, 2007 Page 9 Issuer shall have any further obligations under this Purchase Agreement, except that any expenses incurred shall be borne in accordance with the Fees and Expenses Section hereof. c) Any notice or other communication to be given to the Issuer by the Underwriter under this Purchase Agreement may be given by delivering the same in writing to the Finance & Information Services Administrator or other authorized official of the Issuer at 1055 South Grady Way, Renton, Washington 98055; and any notice or other communication to be given to the Underwriter by the Issuer under this Purchase Agreement may be given by delivering the same in writing to the attention of the officer of the Underwriter executing this Purchase Agreement at Seattle-Northwest Securities Corporation, 1420 Fifth Avenue, Suite 4300, Seattle, Washington, 98101. Written communications may be delivered by electronic means. d) This Purchase Agreement may be executed in any number of counterparts, all of which shall be one and the same instrument, and either Party hereto may execute this Purchase Agreement by signing any such counterpart. e) This Purchase Agreement, including all documents incorporated herein by reference, constitutes the entire agreement between and among the Parties, supersedes any other representations, understandings or communications between the Parties or their representatives, and may be amended only in a writing signed by both Parties. This Purchase Agreement is intended solely for the benefit of the Parties (including any successors and assigns thereof but not any holder of any Bonds). No other person shall acquire or have any rights hereunder or by virtue hereof. Respectfully submitted, SEATTLE-NORTHWEST SECURITII-iS CORPORATION, as Purchaser By COU" � Title: Senior Vice President Accepted November 26, 2007 City of Renton, Washington By: Mr. Michael E. Bailey Time Signed Finance& Information Services Administrator -9- EXHIBIT A FINAL PRICING NUMBERS BOND DEBT SERVICE City of Renton Water& Sewer Revenue Bonds, Series 2008A&2008B Final Numbers Dated Date 01/04/2008 Delivery Date 01/04/2008 Period Annual Ending Principal Coupon Interest Debt Service Debt Service 06/01/2008 - - 210,555.04 210,555.04 - 12/01/2008 - - 257,822.50 257,822.50 468,377.54 06/01/2009 - - 257,822.50 257,822.50 - 12/01/2009 - - 257,822.50 257,822.50 515,645.00 06/01/2010 - - 257,822.50 257,822.50 - 12/01/2010 - - 257,822.50 257,822.50 515,645.00 06/01/2011 - - 257,822.50 257,822.50 - 12/01/2011 - - 257,822.50 257,822.50 515,645.00 06/01/2012 - - 257,822.50 257,822.50 - 12/01/2012 - - 257,822.50 257,822.50 515,645.00 06/01/2013 - - 257,822.50 257,822.50 - 12/01/2013 610,000 4.700% 257,822.50 867,822.50 1,125,645.00 06/01/2014 - - 243,487.50 243,487.50 - 12/01/2014 600,000 4.850% 243,487.50 843,487.50 1,086,975.00 06/01/2015 - - 228,937.50 228,937.50 - 12/01/2015 630,000 5.100% 228,937.50 858,937.50 1,087,875.00 06/01/2016 - - 212,872.50 212,872.50 - 12/01/2016 675,000 ** 212,872.50 887,872.50 1,100,745.00 06/01/2017 - - 198,153.75 198,153.75 - 12/01/2017 695,000 4.000% 198,153.75 893,153.75 1,091,307.50 06/01/2018 - - 184,253.75 184,253.75 - 12/01/2018 565,000 5.000% 184,253.75 749,253.75 933,507.50 06/01/2019 - - 170,128.75 170,128.75 - 12/01/2019 645,000 4.000% 170,128.75 815,128.75 985,257.50 06/01/2020 - - 157,228.75 157,228.75 - 12/01/2020 720,000 4.000% 157,228.75 877,228.75 1,034,457.50 06/01/2021 - - 142,828.75 142,828.75 - 12/01/2021 760,000 4.000% 142,828.75 902,828.75 1,045,657.50 06/01/2022 - - 127,628.75 127,628.75 - 12/01/2022 790,000 4.000% 127,628.75 917,628.75 1,045,257.50 06/01/2023 - - 111,828.75 111,828.75 - 12/01/2023 980,000 4.100% 111,828.75 1,091,828.75 1,203,657.50 06/01/2024 - - 91,738.75 91,738.75 - 12/01/2024 1,020,000 4.150% 91,738.75 1,111,738.75 1,203,477.50 06/01/2025 - - 70,573.75 70,573.75 - 12/01/2025 1,060,000 4.200% 70,573.75 1,130,573.75 1,201,147.50 06/01/2026 - - 48,313.75 48,313.75 - 12/01/2026 1,105,000 4.250% 48,313.75 1,153,313.75 1,201,627.50 06/01/2027 - - 24,832.50 24,832.50 - 12/01/2027 1,155,000 4.300% 24,832.50 1,179,832.50 1,204,665.00 12,010,000 7,072,217.54 19,082,217.54 19,082,217.54 Nov 26,2007 10:43 am Prepared by Seattle-Northwest Securities-TH (k:\analysis\dbc\city\RENTON:2008REV) Page 5 • BOND PRICING City of Renton Water& Sewer Revenue Bonds, Series 2008A&2008B Final Numbers Maturity Yield to Call Call Call Date Call Price Premium Bond Component Date Amount Rate Yield Price Maturity Date Price for Arb Yield for Arb Yield (-Discount) Serial Bonds(Series 2008B-Taxable): 12/01/2013 610.000 4.700% 4.850% 99.233 - - - - - -4,678.70 12/01/2014 600,000 4.850% 5.000% 99.128 - - - - - -5,232.00 12/01/2015 630,000 5.100% 5.140% 99.737 - - - - - -1,656.90 12/01/2016 195,000 5.250% 5.240% 100.065 - - - - - 126.75 2,035,000 -11,440.85 Serial Bonds(Series 2008A-Exempt): 12/01/2016 480,000 4.000% 3.800% 101.496 - - - - - 7,180.80 12/01/2017 695,000 4.000% 3.850% 101.223 - - - - - 8,499.85 12/01/2018 565,000 5.000% 3.900% 108.965 C 3.979% 12/01/2017 100.000 12/01/2017 100.000 50,652.25 12/01/2019 645,000 4.000% 3.950% 100.403 C 3.957% 12/01/2017 100.000 - - 2,599.35 12/01/2020 720,000 4.000% 4.000% 100.000 - - - - - - 12/01/2021 . 760,000 4.000% 4.050% 99.469 - - - - - -4,035.60 12/01/2022 790,000 4.000% 4.100% 98.889 - - - - - -8.776.90 12/01/2023 980,000 4.100% 4.150% 99.418 - - - - - -5.703.60 12/01/2024 1,020,000 4.150% 4.200% 99.395 - - - - - -6,171.00 12/01/2025 1,060,000 4.200% 4.250% 99.374 - - - - - -6,635.60 12/01/2026 1,105,000 4.250% 4.300% 99.353 - - - - - -7,149.35 12/01/2027 1,155,000 4.300% 4.340% 99.466 - - - - - -6,167.70 9,975,000 24,292.50 12,010,000 12,851.65 Dated Date 01/04/2008 Delivery Date 01/04/2008 First Coupon 06/01/2008 Par Amount 12,010,000.00 Premium 12,851.65 Production 12,022,851.65 100.107008% Underwriter's Discount -67,616.30 -0.563000% Purchase Price 11,955,235.35 99.544008% Accrued Interest - Net Proceeds 11,955,235.35 Nov 26,2007 10:43 am Prepared by Seattle-Northwest Securities-TH (k:\analysis\dbc\city\RENTON:2008REV) Page 2 SOURCES AND USES OF FUNDS City of Renton Water& Sewer Revenue Bonds, Series 2008A&2008B Final Numbers Dated Date 01/04/2008 Delivery Date 01/04/2008 Sources: 08REV 08REVTX Total Bond Proceeds: Par Amount 9.975,000.00 2,035,000.00 12,010,000.00 Original Issue Discount -44,639.75 -11,567.60 -56.207.35 Premium 68,932.25 126.75 69,059.00 9,999,292.50 2,023,559.15 12,022,851.65 Other Sources of Funds: Reserve Fund Contribution 3,145.309.00 - 3,145,309.00 13,144,601.50 2,023,559.15 15.168,160.65 Uses: 08REV 08REVTX Total Project Fund Deposits: Project Fund 12,975.652.48 1,989,091.87 14,964,744.35 Delivery Date Expenses: Cost of Issuance 38,537.89 7,862.11 46,400.00 Underwriter's Discount 56,159.25 11,457.05 67,616.30 Bond Insurance(MBIA @ 18.2 bps) 28,820.36 5,879.64 34,700.00 Surety Policy(1.5%) 45,431.52 9,268.48 54,700.00 168,949.02 34,467.28 203,416.30 13,144,601.50 2,023,559.15 15,168,160.65 Nov 26,2007 10:43 am Prepared by Seattle-Northwest Securities-TH (k:\analysis\dbc\city\RENTON:2008REV) Page 1 EXHIBIT B CLOSING DOCUMENTS Issuer's Closing Documents At Closing, Issuer shall provide the following: a) Copies of the Ordinance and the Blanket Issuer Letter of Representation; b) The approving opinions of Bond Counsel dated as of the Closing Date and addressed to the Issuer, substantially in the forms set forth in Appendix B to the Final Official Statement and two letters addressed to the Insurer to the effect that the Insurer may rely upon such opinion as if they were addressed to the Insurer; c) Evidence of each of the following: i) That Standard & Poor's ("S&P") has assigned its (i) underlying rating of"AA-" to the Bonds and that such rating is in full force and effect on and as of the date of Closing and (ii) insured rating of"AAA", based upon the Issuer's purchase of the Policy issued by the Insurer; ii) That Fitch Ratings ("Fitch") has assigned its (i) underlying rating of"AA-" to the Bonds and that such rating is in full force and effect on and as of the date of Closing and (ii) insured rating of"AAA", based upon the Issuer's purchase of the Policy issued by the Insurer; iii) Issuer's purchase of the Policy, including a copy of the Policy and an opinion of counsel to the Insurer in form and substance satisfactory to the Underwriter; and iv) designation of the Series 2008A Bonds as "qualified tax-exempt obligations" for banks, thrift institutions and other financial institutions, as defined in Section 265(b)(3) of the Internal Revenue Code of 1986, as amended. d) A copy of completed Form 8038-G; e) The following certifications, which may be combined, executed by an authorized officer of the Issuer and dated as of the Closing Date, to the effect that: i) The representations, warranties and covenants of the Issuer contained herein and in the Ordinance are true and correct in all material respects on and as of the Closing Date with the same effect as if made on the Closing Date; ii) No litigation or other proceedings are pending or, to the knowledge of the Issuer, threatened in any court in any way (a) affecting the position or title of the authorized officers of the Issuer, or (b) seeking to restrain or to enjoin the authorization, issuance, sale or delivery of, or security for, any of the Bonds, or (c) contesting or affecting the validity or enforceability of the Bonds, the Ordinance, this Purchase Agreement, or (d) contesting the completeness or accuracy of the POS or the Final Official Statement, or (e) contesting the powers of the Issuer or its authority with respect to the Bonds, the Ordinance or this Purchase Agreement, or(f) materially affecting the finances of the Issuer. For the purpose of this subparagraph, the Issuer may rely upon a certificate of the Issuer's legal counsel with respect to the legal matters set forth therein; iii) No event affecting the Issuer has occurred since the date of the Final Official Statement which should be disclosed in the Final Official Statement for the purpose for which it is to be used or which is necessary to disclose therein in order to make the statements therein not misleading, and the Final Official Statement does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements therein, in light of the circumstances under which they were made, not misleading; f) Such additional certificates, instruments or opinions or other evidence as the Underwriter or Bond Counsel may deem reasonably necessary or desirable to evidence the due authorization, issuance, execution, authentication and delivery of the Bonds, the truth and accuracy as of the time of the Closing of the representations and warranties contained in this Purchase Agreement, and the conformity of the Bonds and Ordinance with the terms thereof as summarized in the POS and the Final Official Statement, and to cover such other matters as the Underwriter or Bond Counsel reasonably requests. Underwriter's Closing Documents At Closing, Underwriter shall deliver or cause to be delivered to the Issuer or Bond Counsel a receipt for the Bonds including therein a representation that all closing conditions set forth in this Purchase Agreement have been provided to the satisfaction of the Underwriter or waived by it. EXHIBIT C DESCRIPTION OF THE BONDS (a) Principal Amount (Series 2008A Bonds): $9,975,000 Principal Amount (Series 2008B Bonds): $2,035,000 (b) Purchase Price (Series 2008A Bonds): $9,943,133.25 ($99.680534 per $100), representing a net original issue premium of $24,292.50 and an underwriter's discount of$56,159.25. Purchase Price (Series 2008B Bonds): $2,012,102.10 ($98.874796 per $100), representing a net original issue discount of $11,440.85 and an underwriter's discount of$11,457.05. (c) Denominations: $5,000, or integral multiples thereof (d) Form: Registered; Book-entry only (e) Interest Payment Dates: June 1 and December 1, commencing June 1, 2008. (f) Maturity and Interest Rates: The Bonds shall mature on December 1 of each year and bear interest as follows: Series 2008A Bonds ;Du.,em :x��ex� sF'A: �ECembt1-. .F�lridt ntsr.' 1 ate3 ':�;1P..it�s.' USIP 2016 480,000 4.00% 3.80% 760167TU0 2017 695,000 4.00 3.85 760167TV8 9018(I) 565,000 5.00 3.90 760167TW6 2019(1) 645,000 4.00 3.95 760167TX4 2020 720,000 4.00 4.00 760167TY2 2021 760,000 4.00 4.05 760167TZ9 2022 790,000 4.00 4.10 760167UA2 2023 980,000 4.10 4.15 760167UB0 • 2024 1,020,000 4.15 4.20 760167UC8 2025 1,060,000 4.20 4.25 760167UD6 2026 1,105,000 4.25 4.30 760167UE4 2027 1,155,000 4.30 4.34 760167UF1 (1) Priced to the call. Series 2008B Bonds ,c's.'z,.`fvs;..., :. �"' q,T•v. .Sx h,•;f.ut,;'Y•:.p`";kyr;•' zh�9;n;:"r•, :: .�,`<,Y;: � �TI�3'�.'. ��iRLk�'t� ;.-,';-.`:<'".•��9-,. ',Yl��t�3.y.�N... CU5�1=Pz:,,;<;,^'"> 2013 610,000 4.70% 4.85% 760167TN6 2014 600,000 4.85 5.00 760167TP1 2015 630,000 5.10 5.14 760167TQ9 2016 195,000 5.25 5.24 760167TR7 (g) Optional Redemption: The Series 2008A Bonds maturing on December 1 in years 2016 and 2017 are not subject to redemption prior to maturity. The Series 2008A Bonds maturing on or after December 1, 2018 are subject to redemption at the option of the Issuer, in whole or in part on any date on or after December 1, 2017 at a price of par plus accrued interest, if any, to the date of redemption. The Series 2008B Bonds are not subject to redemption prior to maturity. (h) Dated Date: Date of Delivery, expected to be January 4, 2008. (i) Offer Expires: 11:59 p.m. Pacific Time, November 26, 2007. (j) Bond Counsel: K&L Preston Gates Ellis LLP (k) Closing: Via conference call initiated by Bond Counsel on January 4, 2008, at 9:00 a.m. (1) Delivery: To the Bond Registrar on behalf of DTC by Fast Automated Securities Transfer. (m) Bond Insurance: Payment of the principal of and interest on the Bonds, when due, will be insured by the Policy to be issued by the Insurer (MBIA Insurance Corporation) simultaneously with the delivery of the Bonds. (n) Ratings: S&P and Fitch will assign their ratings of "AAA" and "AAA" respectively, to the Bonds based on the Issuer's purchase of the Policy described above. Further, S&P and Fitch have assigned their underlying ratings of "AA-" and "AA-," respectively, to the Bonds. RESOLUTION NO. 3919 CERTIFICATE I, the undersigned, Clerk of the City of Renton, Washington (the "City"), DO HEREBY CERTIFY: 1. That the attached Resolution No. 3919 (the "Resolution"), is a true and correct copy of a resolution of the City, as finally adopted at a regular meeting of the City Council of the City(the"City") held on the 26th day of November, 2007, and duly recorded in my office. 2. That said meeting was duly convened and held in all respects in accordance with law, and to the extent required by law, due and proper notice of such meeting was given; that a quorum of the City Council was present throughout the meeting and a legally sufficient number of members of the City Council voted in the proper manner for the adoption of the Resolution; that all other requirements and proceedings incident to the proper adoption of the Resolution have been duly fulfilled, carried out and otherwise observed, and that I am authorized to execute this certificate. IN WITNESS WHEREOF, I have hereunto set my hand this 26th day of November, 2007. Bonnie I. Walton, City Clerk P 120584_JAR120584_254 07/11/26 (dopded CITY OF RENTON, WASHINGTON RESOLUTION NO. ..19#20 A RESOLUTION OF THE CITY OF RENTON, WASHINGTON AUTHORIZING THE MAYOR AND CITY CLERK TO ENTER INTO AN INTERLOCAL COOPERATIVE AGREEMENT WITH FIRE DISTRICT #25 REGARDING CONTINUING OPERATION OF FIRE DISTRICT #25 BY THE CITY OF RENTON FIRE DEPARTMENT. WHEREAS, Fire District #25 has a continuing need for fire and emergency medical services, and WHEREAS, the City of Renton has been providing such fire and emergency medical services under contract to Fire District #25, and WHEREAS, Fire District#25 and the City of Renton believe it would be advantageous to extend that contract for a two year period; NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF RENTON, WASHINGTON, DOES RESOLVE AS FOLLOWS: SECTION I. The above findings are true and correct in all respects. SECTION H. The Mayor and City Clerk are hereby authorized to enter into an interlocal cooperative agreement with Fire District #25 for provision of necessary fire services to Fire District #25. PASSED BY THE CITY COUNCIL this day of , 2007. Bonnie I. Walton, City Clerk 1 RESOLUTION NO. APPROVED BY THE MAYOR this day of , 2007. Kathy Keolker, Mayor Approved as to form: Lawrence J. Warren, City Attorney RES.1307:10/30/67:ch 2 CITY OF RENTON, WASHINGTON ORDINANCE NO. Now AN ORDINANCE OF THE CITY OF RENTON, WASHINGTON, PROVIDING FOR THE 2007 YEAR END BUDGET AMENDMENTS. NOW, THEREFORE, THE CITY OF COUNCIL OF THE CITY OF RENTON, WASHINGTON, DOES ORDAIN AS FOLLOWS: SECTION L The appropriations and revenues for the following funds are hereby amended as follows: Expenditure Adjustments 2007 Adjusted 2007 Final Fund No. Fund Description Appropriation Amendment Appropriation 001 COMMUNITY SERVICES FUND $ 12,855,890 $ 37,664 $ 12,893,554 101 COMMUNITY SERVICES FUND(Closed) 137,086 137,086 103 STREETS FUND(Closed) 39,074 39,074 207 1978 LIM GO BONDS(Closed) 28,885 643 29,528 306 LEASED CITY PROPERTIES(Closed) 406,988 406,988 307 AQUATICS CENTER FUND(Closed) 192,000 297 192,297 317 TRANSPORTATION CIP 36,228,300 -2,700,000 33,528,300 4111., 402 AIRPORT FUND 2,341,464 -56,655 2,284,809 422 AIRPORT CIP 1,500,000 -250,000 1,250,000 405 WATER UTILITY 10,159,629 1,800,000 11,959,629 406 WASTEWATER UTILITY 4,989,667 963,000 5,952,667 407 SURFACE WATER UTILITY 1,066,859 410,000 1,476,859 503 INFORMATION SERVICES 4,372,925 -395,000 3,977,925 601 FIREMEN'S PENSION FUND(Closed) 3,191,007 3,191,007 TOTAL ADJUSTMENTS $ 73,735,619 $ 3,584,104 $ 77,319,723 Revenue Estimate Adjustments 2007 Adjusted 2007 Final Revenue Revenue Fund No. Fund Description Budget Amendment Budget 001 COMMUNITY SERVICES FUND $ 12,328,390 $ 137,086 $ 12,465,476 003 STREETS FUND 7,348,279 39,074 7,387,353 215 GENL GOVT MISC DEBT SERVICE 4,363,265 643 4,363,908 108 LEASED CITY PROPERTIES 960,899 406,988 1,367,887 316 MUNICIPAL FACILITIES CIP 3,583,038 297 3,583,335 403 SOLID WASTE UTILITY 9,565,016 778,000 10,343,016 425 WATER CIP FUND 8,949,500 1,800,000 10,749,500 426 WASTEWATER CIP FUND 6,140,000 963,000 7,103,000 427 SURFACE WATER CIP FUND 4,980,000 410,000 5,390,000 611 FIREMEN'S PENSION FUND 248,000 3,191,007 3,439,007 vorsv TOTAL ADJUSTMENTS $ 58,466,387 $ 7,726,095 $ 66,192,482 ORDINANCE NO. Neof 2007 Adjusted 2007 Final NET ADJUSTMENT Budget Amendment Budget TOTAL REVENUE ADJUSTMENT $ 58,466,387 $ 7,726,095 $ 66,192,482 TOTAL APPROPRIATION ADJUSTMENT 73,735,619 3,584,104 77,319,723 TOTAL NET ADJUSTMENT $ 15,269,232 $ 4,141,991 $ 11,127,241 SECTION H. The monies for the budget amendments shown in Section I are derived from available fund balances or increased revenues as described in attachment A. SECTION III. This ordinance shall be effective upon its passage, approval, and five days after publication. PASSED BY THE CITY COUNCIL this day of , 2007. Bonnie I. Walton, City Clerk APPROVED BY THE MAYOR this day of , 2007. Kathy Keolker, Mayor Approved as to form: Lawrence J. Warren, City Attorney ORD., 1407:11/15/07:ch Date of Publication: ORDINANCE NO Attachment A COMMUNITY SERVICES FUND(Fund 001) Fiscal Year 2007 Adjusted Final 2007 Budget 2007 Budget Change Reason REVENUES REVENUES 12,328,390 12,328,390 - TRANSFER IN FROM CLOSED FUND - 137,086 137,086 Transfer fund balance from closed fund. TOTAL REVENUES 12,328,390 12,465,476 137,086 EXPENDITURES APPROPRIATIONS APPROPRIATIONS 12,855,890 12,893,554 37,664 Gas to heat pool TOTAL EXPENDITURES 12,855,890 12,893,554 37,664 COMMUNITY SERVICES FUND(Fund 101)CLOSED Fiscal Year 2007 Adjusted Final 2007 Budget 2007 Budget Change Reason REVENUES REVENUES - -USE PRIOR YEAR REVENUE - - - TOTAL REVENUES - - - EXPENDITURES TRANSFER TO FUND 001 - 137,086 137,086 Closed Fund,transfer fund balance TOTAL EXPENDITURES - 137,086 137,086 to Fund 001 STREETS FUND(Fund 003) Fiscal Year 2007 Adjusted Final 2007 Budget 2007 Budget Change Reason REVENUES REVENUE 7,348,279 7,348,279 - TRANSFER IN FROM CLOSED FUND - 39,074 39,074 Transfer fund balance from closed fund. TOTAL REVENUES 7,348,279 7,387,353 39,074 EXPENDITURES APPROPRIATIONS - - - TOTAL EXPENDITURES - - - STREETS FUND(Fund 103)CLOSED Fiscal Year 2007 Adjusted Final 2007 Budget 2007 Budget Change Reason REVENUES REVENUE - -USE PRIOR YEAR REVENUE - - - TOTAL REVENUES - - - EXPENDITURES TRANSFER TO FUND 003 - 39,074 39,074 Closed Fund,transfer fund balance TOTAL EXPENDITURES - 39,074 39,074 to Fund 003 2007 Year End Ordinance Attachment Rads 1 ORDINANCE NO Attachment A GENERAL GOVT MISC DEBT SERV(Fund 2151 `111/ Fiscal Year 2007 Adjusted Final 2007 Budget 2007 Budget Change Reason REVENUES TRANSFER IN FROM CLOSED FUND 4,363,265 4,363,908 643 Transfer fund balance from closed fund. TOTAL REVENUES 4,363,265 4,363,908 643 EXPENDITURES APPROPRIATIONS - - - TOTAL EXPENDITURES - - - 1978 LIM GO BONDS-SR CTR(Fund 207)CLOSED Fiscal Year 2007 Adjusted Final 2007 Budget 2007 Budget Change Reason REVENUES USE PRIOR YEAR REVENUE - - - TOTAL REVENUES - - - EXPENDITURES TRANSFER TO FUND 215 28,885 29,528 643 Closed Fund,transfer fund balance TOTAL EXPENDITURES 28,885 29,528 643 to Fund 215 LEASED CITY PROPERTIES(Fund 108) Fiscal Year 2007 Adjusted Final 2007 Budget 2007 Budget Change Reason REVENUES REVENUE 960,899 960,899 - TRANSFER IN FROM CLOSED FUND - 406,988 406,988 Transfer fund balance from closed fund. TOTAL REVENUES 960,899 1,367,887 406,988 EXPENDITURES APPROPRIATIONS - - - TOTAL EXPENDITURES - - LEASED CITY PROPERTIES(Fund 306)CLOSED Fiscal Year 2007 Adjusted Final 2007 Budget 2007 Budget Change Reason REVENUES REVENUE - -USE OF PRIOR YEAR REVENUES - - - TOTAL REVENUES - - - EXPENDITURES TRANSFER TO FUND 108 - 406,988 406,988 Closed Fund,transfer fund balance TOTAL EXPENDITURES - 406,988 406,988 to Fund 108 2007 Year End Ordinance Attachment Axls 2 ORDINANCE NO Attachment A Nary MUNICIPAL FACILITIES CIP(Fund 316) Fiscal Year 2007 Adjusted Final 2007 Budget 2007 Budget Change Reason REVENUES REVENUE 3,583,038 3,583,038 - TRANSFER IN FROM CLOSED FUND - 297 297 Transfer fund balance from closed fund. TOTAL REVENUES 3,583,038 3,583,335 297 EXPENDITURES TRANSFER OUT - - - TOTAL EXPENDITURES - - - AQUATICS CENTER(Fund 307)CLOSED Fiscal Year 2007 Adjusted Final 2007 Budget 2007 Budget Change Beon REVENUES REVENUE - -USE OF PRIOR YEAR REVENUES - - - TOTAL REVENUES - - - EXPENDITURES TRANSFER TO FUND 316 192,000 192,297 297 Closed Fund,transfer fund balance TOTAL EXPENDITURES 192,000 192,297 297 to Fund 316 TRANSPORTATION CIP(Fund 317) Fiscal Year 2007 Adjusted Final 2007 Budget 2007 Budget Change Reason REVENUES REVENUE - -USE OF PRIOR YEAR REVENUES - - - TOTAL REVENUES - - - EXPENDITURES APPROPRIATIONS 36,228,300 33,528,300 (2,700,000)Capital Projects re-budgeted in 2008 TOTAL EXPENDITURES 36,228,300 33,528,300 (2,700,000) SOLID WASTE UTILITY(Fund 4031 Fiscal Year 2007 Adjusted Final 2007 Budget 2007 Budget Change Reason REVENUES REVENUE 9,565,016 10,343,016 778,000 Actual revenue greater than projected USE OF PRIOR YEAR REVENUES - - - TOTAL REVENUES 9,565,016 10,343,016 778,000 EXPENDITURES APPROPRIATIONS - - - TOTAL EXPENDITURES - - - 2007 Year End Ordinance Attachment Axis 3 t ORDINANCE NO Attachment A AIRPORT FUND(Fund 4021 Fiscal Year 2007 Adjusted Final 2007 Budget 2007 Budget Change Reason REVENUES REVENUE - -USE OF PRIOR YEAR REVENUES - - - TOTAL REVENUES - - - EXPENDITURES AIRPORT APPROPRIATIONS 2,341,464 2,284,809 (56,655)reduce indirect cost allocation TOTAL EXPENDITURES 2,341,464 2,284,809 (56,655) AIRPORT CIP FUND(Fund 422) Fiscal Year 2007 Adjusted Final 2007 Budget 2007 Budget Change Reason REVENUES REVENUE - -USE OF PRIOR YEAR REVENUES - - - TOTAL REVENUES - - - EXPENDITURES AIRPORT CIP APPROPRIATIONS 1,500,000 1,250,000 (250,000)820 Demolition rebudgeted in 2008 TOTAL EXPENDITURES 1,500,000 1,250,000 (250,000) WATER UTILITY FUND(Fund 4051 Fiscal Year 2007 Adjusted Final 2007 Budget 2007 Budget Change Reason REVENUES REVENUE - -USE PRIOR YEAR REVENUES - - - TOTAL REVENUES - - - EXPENDITURES APPROPRIATIONS - - - TRANSFER OUT TO CIP 10,159,629 11,959,629 1,800,000 Capital Project Contributions TOTAL EXPENDITURES 10,159,629 11,959,629 1,800,000 WATER CIP FUND(Fund 4251 Fiscal Year 2007 Adjusted Final 2007 Budget 2007 Budget Change Reason REVENUES REVENUE - -USE PRIOR YEAR REVENUES - - - TRANSFER IN FROM FUND 405 8,949,500 10,749,500 1,800,000 Capital Project Contributions TOTAL REVENUES 8,949,500 10,749,500 1,800,000 EXPENDITURES APPROPRIATIONS INCREASE ENDING FUND BALANCE - - - TOTAL EXPENDITURES - - - 2007 Year End Ordinance Attachment Axis 4 ORDINANCE NO Attachment A fir WASTEWATER UTILITY FUND(Fund 4061 Fiscal Year 2007 Adjusted Final 2007 Budget 2007 Budget Change Reason REVENUES REVENUE - -USE PRIOR YEAR REVENUES - - - TOTAL REVENUES - - - EXPENDITURES APPROPRIATIONS - - - TRANSFER OUT TO CIP 4,989,667 5,952,667 963,000 Capital Project Contributions TOTAL EXPENDITURES 4,989,667 5,952,667 963,000 WASTEWATER CUP FUND(Fund 4261 Fiscal Year 2007 Adjusted Final 2007 Budget 2007 Budget Change Reason REVENUES REVENUE - -USE PRIOR YEAR REVENUES - - - TRANSFER IN FROM FUND 406 6,140,000 7,103,000 963,000 Capital Project Contributions TOTAL REVENUES 6,140,000 7,103,000 963,000 EXPENDITURES APPROPRIATIONS - - - INCREASE ENDING FUND BALANCE - - - TOTAL EXPENDITURES - - - 'r11ro SURFACE WATER UTILITY FUND(Fund 4071 Fiscal Year 2007 Adjusted Final 2007 Budget 2007 Budget Change Reason REVENUES REVENUE - -USE PRIOR YEAR REVENUES - - - TOTAL REVENUES - - - EXPENDITURES APPROPRIATIONS - - - TRANSFER OUT TO CIP 1,066,859 1,476,859 410,000 Capital Project Contributions TOTAL EXPENDITURES 1,066,859 1,476,859 410,000 SURFACE WATER CIP FUND(Fund 4271 Fiscal Year 2007 Adjusted Final 2007 Budget 2007 Budget Change Reason REVENUES REVENUE - -USE PRIOR YEAR REVENUES - - - TRANSFER IN FROM FUND 407 4,980,000 5,390,000 410,000 Capital Project Contributions TOTAL REVENUES 4,980,000 5,390,000 410,000 EXPENDITURES 11111a. APPROPRIATIONS - - - INCREASE ENDING FUND BALANCE - - - TOTAL EXPENDITURES - - - 2007 Year End Ordinance_Attachment Axis 5 ORDINANCE NO Attachment A INFORMATION SERVICES(Fund 5031 Fiscal Year 2007 Adjusted Final 2007 Budget 2007 Budget Change Reason REVENUES REVENUE -USE OF PRIOR YEAR REVENUES - - - TOTAL REVENUES - - - EXPENDITURES APPROPRIATIONS 4,372,925 3,977,925 (395,000)Capital project adjustments TOTAL EXPENDITURES 4,372,925 3,977,925 (395,000) FIREMEN'S PENSION FUND(Fund 6011 Fiscal Year 2007 Adjusted Final 2007 Budget 2007 Budget Change Reason REVENUES REVENUE -USE OF PRIOR YEAR REVENUES - - - TOTAL REVENUES - - - EXPENDITURES TRANSFER OUT TO 611 - 3,191,007 3,191,007 Closed Fund,transfer fund balance TOTAL EXPENDITURES - 3,191,007 3,191,007 to Fund 611 FIREMEN'S PENSION FUND(Fund 6111 '441110 Fiscal Year 2007 Adjusted Final 2007 Budget 2007 Budget Chane Reason REVENUES REVENUE -USE OF PRIOR YEAR REVENUES 248,000 3,439,007 3,191,007 Transfer fund balance from closed fund. TOTAL REVENUES 248,000 3,439,007 3,191,007 EXPENDITURES TRANSFER OUT TO 611 - - - TOTAL EXPENDITURES - - - SUMMARY Fiscal Year 2007 Adjusted Final 2007 Budget 2007 Budget Change REVENUES 58,466,387 66,192,482 7,726,095 EXPENDITURES 73,735,619 77,319,723 3,584,104 (15,269,232) (11,127,241) 4,141,991 4111111110 2007 Year End Ordinance Attachment A.xls 6