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Home My WebLink AboutGene Coulon Beach Park - General Obligation Bonds (1964-1982) !r/ , • c. c/_,,,IJ, &&‘—, -/—/-76---) . Ek--;6--:' 6 di P‘(---1,--/ 2 . 6 . //a --Cl. AG'EEMEN1' made this vZ�.G-71 day ofr-.1 •, 1967, between the CITY OF RENTON, a Washington municipal corporation, • hereinaft r called City, NORTHERN PACIFIC RAILWAY COMPANY, a Wisconsin corporation, hereinafter called Pacific Company, and PACIFIC C AST R. R. CO. , a Washington corporation, hereinafter called 'Cozst Company, said railroad companies being sometimes here, . p j nafter_ called the Railroads. J .+� .`C7, • CI G The .City desires a crossing at grade of the Pacific Company' s /, and the Coast Company' s rights of way and tracks in the location, /( shown on ap marked Exhibit "A' of the District Engineer of the cWI -/ Pacific company, dated• Office District Engineer of Pacific Company, L • November 23, 1966, attached hereto and made a part hereof (said crossing hereinafter being referred to as the new crossing) ; and in conju ction therewith the City intends to raise the existing level 'of Lake Washington Boulevard, which in turn will require the rais ng of the Coast Company' s main line tracks where they cross the same, as more particularly shown on Exhibit "A' (said crossing hereinafter being referred to as the existing crossing) . T e Railroads have heretofore granted to. The Boeing Company . • a tempor ry crossing permit for the construction and use of a crossing in substantially the same location as desired by the , . • City of enton for the location of the new crossing, which crossing • permit w. 11 expire on January 31, 1967. N W, THEREFORE, in conbiderati on of the mutual dependent promises hereinafter contained, the parties agree as follows: • I. ach of the Railroads will provide an easement across its , • right o_ way for the new crossing free of charge to the City. ' I ' I I u The City and the Pacific Company agree as respects .the new . 1 crossing over. the Pacific Company' s right of way that the work to 1 • • • • be done an. the expenses to' be borne will be as follows: 1. WORK 'TO BE PERFORMED BY THE CITY OF RENTON AT THE CITY'S EXPENSE: (a) Do whatever additional grading the City requires as necessary for the approaches to the crossing • and provide and maintain adequate drainage • • under it. • (b) Provide asphalt paving for the .entire crossing • of the Pacific Company' s right of way. 21. WORK TO BE PERFORMED BY THE PACIFIC COMPANY AT THE CITY' S SOLE EXPENSE: (a) Install approved type of automatic crossing • signals at the crossing. • (b) Rehabilitate the trackage after ' the installation • • of the crossing. (c) Install header and flangeway rail in the crossing. (d) Provide flagman necessitated by the construction of the rail crossing, the Pacific Company to li be the sole judge as to the need for such item® 31. The Pacific Company shall be named as an additional • insured in the public liability insurance -policy which the City agrees 't'o arry, as respects the construction, maintenance and use of sai. crossing. • • III. The City shall pay to the Pacific Company the actual annual , I cost of maintaining said crossing signal system. Such payment shall be m de within thirty (30) days after rendition of bill , . therefore • IV. The City and the Coast Company agree as respects the new and existi g crossings over the Coast Company' s right of way that the work ' to be done and the expenses to be borne will be as follows:; 2 • I I I • • • • • • I • 1. WORK TO BE PERFORMED BY THE CITY OF RENTON AT THE CITY' S EXPENSE: • (a) . Do whatever additional grading is required • for the •approaches to the new crossing on the • railroad right of way andprovide and maintain adequate drainage thereunder® • • (b) Furnish all materials and perform all work necessary in connection with the raising of • the level of Lake Washington Boulevard, as desired by the City, including raising the • . • level of the Coast Company' s right of .way. • (c) Provide asphalt paving for the .entire crossing of the Coast Company' s right of way at both crossings. 2. WORK TO BE PERFORMED BY THE COAST COMPANY AT THE • CITY' S SOLE EXPENSE: (a) Install header and flange rails at both • crossings. (b) Provide necessary flagging at both crossings • 'I . I • during construction. • 3. WORK TO BE PERFORMED BY THE COAST COMPANY AT ITS OWN. EXPENSE: • (a) Prepare tracks at both crossings for paving. ' I (b) Raise its track across Lake Washington Boulevard to the revised level mutually agreed upon. • 4. The Coast Companyshall be named as an additional insured in the public liability insurance policy which the City agrees to carry, as ' espects the construction, maintenance and use of both of saidcrossings. IN WITNESS WHEREOF the parties hereto have executed this • I • i 3 i . _ I agreement in triplicate the day and year first above written. CITY OF RENTON • • //C,CI /. e. Mayor By CityClerk NORTHERN PACIFIC RAILWAY COMThNY By � ,r �.4,�./ 1..: VICE PRESIDENT Cl • PACIFIC COAST R. R. CO. By President - I ' � I 4 'r. 6,e 6'Z i 1411"7/0O S':OP:�S� C7 f 79 7 ,a� • OOtO �nf�0S 9 J � yS n tiCrua� , fin 0311 — — cunic�j h� Xo�oh'd . t 4 V 0 Q � N R �O N ( !'i _ - _.�..--- Y � l ---1.'(134,46-'94-71't-4"6---- r_z/,_,,-/X-e-A- December 17, 1967 Renton nailing Club elji-1 — ee-46,e-, ZrZ/ ' . ..__.)___________k 447203 11,ich S.E. nton, Washington i,„.,),:4, �. Fir p.�'-e?p,A ,_, ' Mayor t}nd City Council (i? •e .\ e' Renton, Washington -,..• ,ekere Gentlemen; '.� (` i4 The Penton Sailing Club thanks you for having made it po for us to conduct sailing instruction and offer recreational sail in the area that is row to be developed as the Lake Washington Beach Park. As citizens, we are as eager as you are to have the development ' of this park site progress rapidly. To that end, we are making arrangements to remove our equipment from the area. We understand that there has been no revision of the original i elan for the park, which will establish the island as a base for water skiing, with a launohing ramp at the eastern side of the park. If this is the case,' might we suggest that slalom courses, jumps, etc. be eet*bliehed for the use of water ski enthusiasts and that the area be promoted se a special mecca for them. This would be similar to boating proIervoe in southern California, where different activities are A enc +urs,jr_.ed in separate areas. This park has the advantage of being 1 fairly distant from residences where the noise of outboard motors and the wakes of the boats might be undesirable • However, if the Beach Park is promoted for motor boats and water • ekiine, it will become hazardous for small sailboats, canoes, rowboats, and all the small craft that are presently to be found in the Beach . Park Area. Therefore, we mould like to suggest the development of 72nd Street ns an area for small boats, sail boats, and fishing boats. This would effeotively segregate widely different activities and promote safety. Of course we realize that funds for a proper development lmight not be immediately available, but a survey to establiele the exact location and exteft of the property and installation of a few truck loads of fill for a parking area would create an immediately usable aecces. Acoordirigly, We request.permission to anchor off this street end a float with our building acid equipment on it. In this rranner we can continue to offer and enjoy the recreational aotivity of sailing in Renton, and to ' • provide instruction to those desiring it, as we have for the past three ycare. We would bs happy to meet with the council or its representatives . at any time to answer questions about our past and future operations. We ask your serious consideration of this proposal end request. ,,sti,`� e `' sincerely . ,. David W, Cosset Vice ereoident ' Renton Sailing Club . fl..r ,'1 f4: Jud a Nixesgr 4%/k Renton Park Land Trade A proposed land sale and transfer involving about 3.5 acres of land in the southeast corner of the 23-acre unimproved Lake Washington Beach Park at Renton was halted Thursday by an injunction issuing from the Superior Court of Judge Solie M. Ringold. Action to halt the transaction, provided for by an ordinance passed a couple of weeks ago by the Ren- ton City Council, was taken by Charles K. Stimson, 10203 116th Ave. S.E., Renton, chairman of a group called the "Save Our Parks Committee." The case was tried Tuesday, Wednesday and Thursday in Judge Ringold's court. "The law provides,"Judge Ringold told The Val- ley Times yesterday, "that land of this kind may be sold or traded away only upon a finding by the Coun- cil, based on substantial evidence, that the land is no longer useful for park purposes. "While the Council did make such a finding in its ordinance," the judge continued, "it was not sup- ported by solid evidence and on the other hand we had much testimony that the Planning Commission and the Parks Department were strongly opposed to the transaction. "In the light of the evidence before the court, I could make no other finding,"he added. Unless the Council should decide to appeal Judge Ringold's decision to the State Supreme Court,this will bring the long-debated transaction to an end. There is, at this time, no indication of what further action the Council might take. �e - ' a` - -,, - - . • ` ,,,- Lit l r`,' /��/,976 Iii , — • r. , 1A 0,,L, , 1,, , , i.•illt p81 r un-I' mil li - �� t,r ': I ! JaA� F OLuke.�� 11*m • ! V tal{k�ogil1■aa�fRenn , --ja ---iez1 .2— _ _ __ __mt. Milrit. " .4h,,Iiiiiiiiiiiiiiiiii,, 111,1 : (1' e 4 p 0 t )1C1)1,, e 0 fira Arty, ,a�(4 '°`, '' , .:_ ' STATE OF-WASHINGTON - 444"' :�- ?• ZONE 4 ROBERT A.-MORRIS - COUNTY AUDITOR • • KING COUNTY AUDITOR - • , • • EDWARD J. LOGAN, SuaT. DEPARTMENT OF ELECTIONS AND REGISTRATION - . ELECTIONS & REGISTRATION ' - 220 COUNTY-CITY BUILDING , STATE WASHINGTON) V - ) SS - • V • • ' • . -, COUNTY OF KING - • •) V - V V . This is to certify that on September 15, 1964,. there was held a • . Special Election in the City of Renton for the submission of a proposition - _ to the voters for their approval or rejection; That the results of said election were duly canvassed by the King ' , County Canvassing Board of Election Returns on, September 25, 1964, and'' • • the results of said canvass are as follows:. • V ' PROPOSITION ; LAKE WASHINGTON PARK BONDS $450, 000.00. , ' • . • • ' - Bonds, Yes 3, 336 • , - . Bonds, No- . • • • 2, 431 • . , Defeated . . .—� - C_ -..*.7, f p\ . , . - , • • Dated at Seattle,- Washington, this 2 tIi day of September, 1964. e • ' Edward J. Logald; Deputy Auditor and V • , Superintendent of, Elections and ' . , . , V • Registration., King County - f If your 'home; is worth $12,0C your„yearly cost fo-r. ten years. 11 be approximately ,$1 .55 ' Yf your home is worth' $15 '000, your yearly cost for ten years`wi.'11- be approximately '$1 .80 If your home, is worth $18,000, your yearly cost for ten;'years-wi11 be approximately .$. 2.25 \ 2c.326 F72 k _;,% J U L 1 s N • , l NORTH ,� , st`.E� L0.o�� . • . BOAT LAUNCHING, RAMP ` 1 /t..t IW4N i •tTRAILER. PARKING ', �,t�i;_, ' ' 'I. 1 L:1a.'-i -; ...'--; '.!-..• '.. '.\. ,': ,.."1 • ' ': • �+ „i • �4u „.•I,i , ';: NZ BEACH 8+ �'t'�1'•� • ; ; .', -. - : : ly1 % G �' c , ••:_...,,,.___.7_ ..•.__•::::. : Lv, . ,. - ... ., ' i' BATH HOUSE^��' : ` ', 4 t2 - :. ,,,<(,' ...:: i ili . .: •.... ., ,.. ,, „. .ti r'.— qA ,., , fil .+IL' a. yids • I. - ',-� G'C'''' S VI �• � i- 1�-1110)1.--x- el*Si, 4,, � ---Vt Q04,: ° I Ay, i - • f- t; r • ?,-,,,�,4'7' • -�,',, ,• 1' 1 i 1 ._ Si l` �`�kL-: .., • 'U; (,'t1+1`` ,,,I ..,, `•i .. vl±•.�v�,-. (1 �\l 11a_' '�' /y�� i `'N/ � II1iti tY G;'.:It:::::. fat.i_:' - �.� ✓ 1 ,`.0)I V. - `'ti1.-''i'I''..-V l l • Will 1 '�1 •,' 1 _I� ( D. I"`•,-i �� :: ',L. -r -+ • f. fig 'fin 11�.^, \ �� ^ `il•1 �I jjII j �I o �4 n (�� ! i �4',+ � `/�� !!! ' r-�f `t �`, 1 N1C �i4,,-. 11Lf( . �' ' Kti;11' �{i' ,�'f �F tl`•` ^:� ✓ t it l .1=i- w P,C' 11 I ry 1 L+'l ��-1 v---v�F:y1__. •• ,\:—- %J,` .. 11 ' F " ' 1�,�J. ..SD ��fff/ -_ --- . t i% •.im '� •� 4' i.' gI�"ih ; }}111J .34 • ::i � -i4r , �/7J// - , t , �i • � 6• t r � vf,,( 4,1j 1 - j.. ' t �` . I. j L . 1 r , eom- .�'� • 0 ' �r ( L ' ' ;' -'' l Y U '-'k.' i k ,1,i it 1 '„ y` •- I, - • • I- � ---' ti`•t1 :,, viQ.,�� ,. ; I '1 l,, I • LAKE WASHINGTO � - BEACH PARK . . .. ,. .. . . PETITION TO THE CITY COUNCIL OF RENTON We, the undersigned, hereby petition the City Council of the City of Renton to place upon the ballot of September 15, 1964, the proposed bond issue in the amount of $450,000 for the improvement and development and equipping the Lake Wash- ington Beach property. We deem it necessary and desirable in the interest of the public, and for the benefit and welfare of the citizens of the City of Renton, that the City develop as expeditiously as possible a major waterfront park of approximately twenty-one ,acres to include provisions for boat launching, a public swimming beach, picnic areas with kitchens, adequate parking, play areas, dressing rooms, etc. NAME ADDRESS 0 Ca adde.. /7 J -20ke 2,p 4_ e , <V 6)6 LJa: �� e��A O�J J �, JUL 15�;.�. �,� RECEIVED lof RF.NTO it ,' �,�IQ25262I8 coiczti JUL l9z 4 RECEIVED PETITION TO THE CITY COUNCIL OF RENTOP'. CIIYof;;�;ti,r �� cr, CIE- a OFFICE S`. $ ".fe, the undersigned, hereby petition the City Council of the Ci 81Vit to place upon the ballot of September 15, 1964, the proposed bond issue in the amount of $450,000 for the improvement and development and equipping the Lake !lash- ington Beach property. '.le deem it necessary and desirable in the interest of the public, and for the benefit and welfare of the citizens of the City of Renton, that the City develop as expeditiously as possible a major waterfront park of approximately twenty-one acres to include provisions for boat launching, a public swimming beach, picnic areas with kitchens, adequate parking, play areas, dressing rooms, etc. NAME ADDRESS {' FY/ ) sT xeN7vv, y,i^l . G',""+"a .., f.A1-yr‘a,a_vd) ‘1_,2_4".4.1.ez_6___ f , zz_ AO_.......,,d_edr--.-Limer..6.:#...L..... if- 01.. 1 , to A(.4,:i t...f4:../1- / , C---qiu.),1 ,;)7\- _ .(D.E P4J3L . ;�r,. aii..f./1/4-4,2. --(7)...„114,th 1-tr‘y ili, pv-thcy-4. 0,\.. 6/'A, - ma y. ,6, /12 �� _ ��7 kw st os,,, ,v ,, 9 c_ , u 6 -- /4:!1 / '''',- l'‘k—dviz40 fr/de. 0 •d'(---- (/ _,-,, - ^\7' //tia . e-d‘o- Lam/,/// v-4 7 1 A ' .9.--Ot-vi 6- 3 k AtA4-)--Aq 1,_,f_1„I'tn----7- 1 --- - „,e_d eie i. I- /' -l-ee-k'. ,� f 2/6...e_e_,L_ez_i_07:00.,4_4_4_,4_ --:- ?a•e., di 01") OL, 44261%''.I/ 614-61.-ax------- t--/f /20.1 "-A-z---1.-- /. I I I I I L- --)of ,ab-i-v Ce/'-- / C/ 1 ta../ ‘ ,..i,,z,_,/, 411 o JUL 19E4 ,' RECEIVED PETITION TO THE CITY COUNCIL OF RCI TOPd CLER,�S NTO ti� + then the City Council of the City � �� on� 'Je, undersigned, hereby petition to place upon the ballot of September 15, 1964, the proposed bond issue in the amount of $450,000 for the improvement and development and equipping the Lake Wash- ington Beach property. `Je deem it necessary and desirable in the interest of the public, and for the benefit and welfare of the citizens of the City of Renton, that the City develop as expeditiously as possible a major waterfront park of approximately twenty-one acres to include provisions for boat launching, a public swimming beach, picnic areas with kitchens, adequate parking, play areas, dressing rooms, etc. NAME ADDRESS '' .. IGI-1 A./'1? (" ---_ (,/ 1-6..1----//tZ A-i-fr-- tis _.e/11. e, r if-3<k 1344-'r`141-7fr 6. o ') i/� r .-1// 42 ez,,,X;-, Lc h N . � R (rr /53 MA I 4( S I j.------) 1 d_-€4' ."71-Y--( =._J2-.4--• V'-- --277" X/` -5 (-: - --1"2"---e---- -- 7/0, 4 , ,,E 1„4„.a.6:: %/ _'� ivt,, 2_4, _ / '0_4- .t..1.2.,,„ tO. W.-04-4:1--- er ..JJ 441 .. (-;�!� , G�C� ;5`/ 2 et,7 2i, , , • 4 OZA-e-e-e‘ , ( ,--. Pe -.1' ,oe_< J, ...e.. /y l/ 1e(c .., / ( 1 / // l 1)142526 g(9� ti JUL 1964 RECEIVED (. PETITION TO THE CITY COUNCIL OF RENTON'. CITYGf RENTON CLERK'S OFHCE��,� , '.�'e, the undersigned, hereby petition the City Council of th � /tat o nton to place upon the ballot of September 15, 1964, the proposed bond issue in the amount of $450,000 for the improvement and development and equipping the Lake !•!ash- ington Beach property. '1e deem it necessary and desirable in the interest of the public, and for the benefit and welfare of the citizens of the City of Renton, that the City develop as expeditiously as possible a major waterfront park of approximately twenty-one acres to include provisions for boat launching, a public swimming beach, picnic areas with kitchens, adequate parking, play areas, dressing rooms, etc. NAME ADDRESS //pll'OcfCCV ,e )7//14 c2( Age' /V()c)-- 1,2(-4,7 & 71- 404,1 - � L G J, Z z z 2,y -- ,� .t: ./0 � VA-, 41‘7 A) 1 - i Tty-- 2...„2,,,, 1614/ -414, "44_4a tte.„ Oe 8,,,s_iz 1 is 2-/ A ' J44,174,, I „-t?'7 C' •i m!a/ O'2,2 • - s,". - -Q` _,..�= ,2477 711rz-=)- "-a-}, g-41'/ --6-'z-) /0 '57/ */ 96 -r="e_...d--,rA,6 -) ez_sv, .16,-el-ceez_ .., VY s //D oxe.. 2-torm .) e_er. 2/A.,. e,,,i, A 1774- 4eGv -iyei-4,,, A Z . ;:(,,,,_&-- ‘,/./1/ 2,:e,"/-/. 0s--5 -7,c- z , ff 7---)rze7--,& 7a,,,,/e,,, A /,/6--2- A 3 3 2-0 - 9—ave. Al, rP 0-7, 67,,,,,( ,,,)___. 7/- ,,, 4,64-, . ,7)--2,,,/-- ,,7,h4 --.6 :_y,„..„„, (,,,,,.‘ _ .---,./e., 7.--,,,. J-2--,-, ) 2'1"1. II-_�.-� S-r1.2 S Y 7 ,t �.� " „1-,.,Ze., �,,�tia2526 8�9� (1 oJUL 19C4 N C°:, CITY of 1?ENTON cj7.4.(4) PETITION TO THE CITY COUNCIL OF RENTON RECEIVED cLE 'S 0r'FW£ !•!e, the undersigned, hereby petition the City Council of th $ ty of xqrs to place upon the ballot of September 15, 1964, the proposed bond issue in the amount of $450,000 for the improvement and development and equipping the Lake Wash- ington Beach property. 'le deem it necessary and desirable in the interest of the public, and for the benefit and welfare of the citizens of the City of Renton, that the City develop as expeditiously as possible a major waterfront park of approximately twenty-one acres to include provisions for boat launching, a public swimming beach, picnic areas with kitchens, adequate parking, play areas, dressing rooms, etc. NAME ADDRESS 6- , C U.,) QltZ11.1 01,) ,e c, z) /rz---) .- . .i,-.1.1..e.." 4 -(7- ....41.../ -`--i/. -2 -'"Z-e- ' 7 ,•:.(1..e.... 92/a/z-%-j ,.11/.( /yo 2 / SS /l ;-., fe,,1 --6, i td„„,,,„ /96ar- //6 a . S r- a',► , , ,� . , 0 ,) , (2 ,_ :- ,Lii . ‘ , 'i , . _ , ,(...... ..„.„...L• ., ..., ‘. , „..._,...2 Q/�-c.. l ..5 7/q- /i c 1/4 rn . -ree-virr- . / Ysv P �.57 , azi,,-\ /i z i 1, QA <- (. ja--- t. 7. . t- ` 6.11,# '/I / s/J 3 Z: E Jjg 14.1.114.1" bti-244,1 Q, f 1_' 7 '44,Le - - (*?- 7Z , 2;4 • Q...,Loa exiv%fi.._ 1 30.a --- ckloql-{.`-' 10 . (---; .C . ///' o 5- — //02 — 6' !itiZ 7-71 /.. , 0„.4_,C.,, // e; if — /72. ze-H__. 1- ),.... (-7,44 • 2 c o--(42.,..„4„... ...i G--2,..-- /<- Ge--e..---1,./f / / i f.s-..i 1 2, ,..t.,49 e.e 4, it/:%fej ,- �Q�526 27z8�9 3 JUL 19 :4 PETITION TO THE CITY COUNCIL OF RENTON 00 , C£'VFU CITY - -'1Tg^� um 0H_iCE \, ',Vie, the undersigned, hereby petition the City Council of th- 'kt of Raga, to place upon the ballot of September 15, 1964, the proposed bond issue in the amount of $k50,000 for the improvement and development and equipping the Lake Wash- ington Beach property. We deem it necessary and desirable in the interest of the public, and for the benefit and welfare of the citizens of the City of Renton, that the City develop as expeditiously as possible a major waterfront park of approximately twenty-one acres to include provisions for boat launching, a public swimming beach, picnic areas with kitchens, adequate parking, play areas, dressing rooms, etc. NAME ADDRESS el 2 b 3 -13 -174a t , " 1.5-,2e 7- ,(a- ` /7 R,Q„:L . 7 c -2- j_ e;')' (712 - Aa..X51) (34-4--A 0-e , A__ -� ,e4:4.---1 747 103 e-kri k) / 6 ?,1 i we -,1-0,w , c�Lfr4.0.7,0 . i c),(7 / i 044,_ yi //-2/S7 . - //a f ��,��p25Z6 8?��0 ti JUL i g1,1•4 N 0 c RECEjt 4D W PETITION TO THE CITY COUNCIL OF RENTON ' (.f r)' °t RE;J]UN „. Ely, OFFICE�� We, the undersigned, hereby petition the City Council of the Ci , V..Y nton to place upon the ballot of September 15, 1964, the proposed bond issue in the 1 I amount ,of $450,000 for the improvement and development and equipping the Lake Wash- ington Beach property. i 1 We deem it necessary and desirable in the interest of the public, and for the benefit and welfare of the citizens of the City of Renton, that the City develop as 1 expeditiously as possible a major waterfront park of approximately twenty-one acres to include provisions for boat launching, a public swimming beach, picnic areas 1 . with kitchlens, adequate parking, play areas, dressing rooms, etc. 1 NAME ADDRESS --F c (oi------ )\0.0)-/ _i0_, ) /0 (fro,V)--a)/(f- ii (i191„) r / li /� I ede /Q c,0 i. c ( . 5'��Jvt eny,,,k7, _____ 1 „, )---).--1-, , V, `---7-27...„_,,,,....„ / (76, v 4 / 1 - z&,',L -- c____/4 1 4, ' ''( /IA/ .410 /,v }Ai / i /� i' ' /o fie,71--3 -ei ao-7- - / 5 o /2 E 1 6 I Or / cz:: ) `-'-'-' le, 1 1 et_.9 .. 22 ee.e.4" 1 1 1 ��'-tom ..� e/, 1 1 ,>:,(6,. ,,,,z, ,7,,,i, ,,R7P c-) , -'—`-ieff?te-)-1-'''7F-e4-0-ell g - /1Pg-W''-- 7,-1) 7 iifq 2_41 7 -/,., .,t..,__p .,76el k.e-0-._&"(_—_, i ' 1 1 .,< A.p,-7 �,,,t/ra,A /7F-S/�-/2 Y0 5 ?e-pc__ _ , ' 1 (1-- in .4./1 4...,i avi fl.4-44 '113 6 , (2,,,,,,,,„/..,-,--i. P........P [R,„ 2.--t-tA) 1 ...) ! P�, r/7 !o-y?i-lil .i i / - �.� ,,e'FC w...1 . E% ,e- .._ e. /+17) — sf/ems? % 77".....) 'r- (JP/2...- /_„&i/.-,/e,lf' r /di, 7/ //2/ 7) -- 7_, f,,,6---/)/,,,, / ? . ,.....„,/, / /aid/ /09.1°r:I9r/ 3 t w .. -'.:;r lc;,,, I!�'i f';/s E`Gr ,-r%Jf .n._... l✓J., ��r..1,-, ,' Li 0 I/ \''' - i 1_123-16i'1"1"(4-,,) A 1,1 P jo At A of ,f., i i 0 ta- 4 „ye- 97:„J-. ,, JJ � o /_ `'• _1i 'el f1?/l i1 c gi li a / 0 ire it,s Si) U" ,'`v r/. /T l)O h t 1 i . I ti JU J tP GLLfri r'tt"71_l111 PETITION TO THE CITY COUNCIL OF RENTON l�l J Oh1:10E -�°5 `eta tLok,6a We, the undersigned, hereby petition the City Council of the City of Renton to place upon the ballot of September 15, 1964, the proposed bond issue in the amount of; $450,000 for the improvement and development and equipping the Lake Wash- ington Bea ch property. Vie deem it necessary and desirable in the interest of the public, and for the benefit a d welfare of the citizens of the City of Renton, that the City develop as aspossible a waterfront park of approximately twenty-one acres expeditiously major to include provisions for boat launching, a public swimming beach, picnic areas with kitchens, adequate parking, play areas, dressing rooms, etc. 1 NAME ADDRESS 7-17 1 . _..'-/!/r7.,,a_�---- M _.�''�s/__!s 1 _Us, c A^ ,''_7.:- s C . /r f f ��-' f1 F:,,L ; /',..I f[=`!C._ � L� J (� f / in t '�1 c,�^_ �.<....e_. Cr)r �', ) G_ k \ 9 .) 1 �� `� r Para,---0._L 1/ �' _ gym._ ill- r',,?... .. .0:- .r J., 1ii. - ;/1,1/ i 1.4.!rr_.✓I .. C. ' ) / c-''''r'+ '- . •'•'` .C_ ,./7 • I (0 ' fr./...../7'..-.-- 1 e--,---..., . - 441:"2/1-/-/..(1...I ,..-/;"*"./..//L..-1-Y.,Z>fi!'t/71 IP f.9 4,2/2 _11,4,44/9..0"..,X, ;ef7-_:.?...../ ,f/L..„1!:.•-i.f.-4: •- •:;t0C.../ lif t • - /7 C2-6--- t �� l/, t-1 ,%. r � /Q t62 <elf S c` i fY .- '`e . - r / ,'�J/�f1'C»•N' f ,�r,df,/✓Gc�--d_1_a...-t.._.r''- / Z. / 5-8 (;.� p�L..s ! C.r-'.-r. .,-7'W��_. J'� .4.-•®�L , r^ Cp t (-1( ( Lk"1-6--- —'Ll4-`/ ()A----/ (-1.--- --:::(0-(.71:1._, or .!.-�/6 7 ^ ,r' / '`? ^•,--ice"N17 7 ' 4 . . , r ' 1 '- ,,,__�'.._ l�L 1 Al A 0:� ) z` r�.,,,,,c.ld�f+'iF-� 1 2-6 1 ..��ll--( 'ila 1 t1 ' - t' 7 1 (2..../1.4,7iY/I `"://P•' ltsi�,}e__.,- Il L? 6 _5 r � �if::-; �:� -^e-_.�. L I�f��ii�,-� ___ '1.-. a../..„_i,/ Jl ,.�c.,4Gi _�-A /.r9'L..�L,.� c�,.+ L.,a'.�rl �' �._. - �. ,r:;�•__: ,t."'Fd s•. _u,-c..�.,��__ - Leib-) ! r P / . ; fr i"1 ,fl..r:�?' !'r1 ? 0 4 z'' f *7 • !+f .� s I 102627,28, JUL 1964 --- PETITION TO THE CITY COUNCIL OF RENTON RECEIVED ;t c TY�, RENTON �ez? s We, the undersigned, hereby petition the City Council of t Li 0 4�;�" n �Zi�l • to place upon the ballot of September 15, 1964, the proposed bond issue in the amount of $450,000 for the improvement and development and equipping the Lake Wash- ington Beach property. We deem it necessary and desirable in the interest of fte public, and for the benefit and welfare of the citizens of the City of Renton, that the City develop as expeditiously as possible a major waterfront park of approximately twenty-one acres to include provisions for boat launching, a public swimming beach, picnic areas with kitchens, adequate parking, play areas, dressing rooms, etc. NAME ADDRESS gA9-& /.3/ 7? erc4ii . > ircZ4-i--c 404, //2 33 sE 947 A&- 1Y12 AI/ id . ji.)r-tr ��. 7:41t4(r"\-)- /0? �,a..1 . sT 'ANTviv, 7:61, 1714 i")2_ --;"1/11"(es-,. ar---nfe /ON 1 I (71r� °5. ?; / Si. i%( 3_c. S /./'4L ( rU xis•l ) O 3 /ezl, . Al ��.�', _• /.5 ,'n +A Y) . N, 52./ 0 - /� " /�� 2 t- a / ab7 Ai ST, /4/3,6y cP-3 / - • !!G3 dAvz d/ / vv-v) D E,¢,e cot/A/c/4- -- t sE k .4crrv/t/ 5a -714 ¢r L'.gnr ENjay Tye bt//2,4vG j)95/ CC (4.`L6,CJ i-,.L,4-6�9 ti `JUL 19Cd ECEI VED CA of 71, p,�- � PETITION TO THE CITY COUNCIL OF RENTON CLEilii;ai� Or dU;V e ti We, the undersigned, hereby petition the City Council of the Ci enton to place upon the ballot of September 15, 1964, the proposed bond issue in the amount of $450,000 for the improvement and development and equipping the Lake Wash- ington Beach property. We deem it necessary and desirable in the interest of the public, and for the benefit and welfare of the citizens of the City of Renton, that the City develop as expeditiously as possible a major waterfront park of approximately twenty-one acres to include provisions for boat launching, a public swimming beach, picnic areas with kitchens, adequate parking, play areas, dressing rooms, etc. NAME ADDRESS F., :,_.:„. 0 - a ) / «4 a4A.Q .--4. _3_,„, .; - o) 4O/ e.,,,,,4- .3,AQ 3 i i- ata, • 77)r.e./ 0-j-e-ef--,,_, Co.t.A.--r-e_4.. 3 .2 d fil‘d atfre f)-0 . /`/L - (.(,l &Lk_ 3 / 6 // Ai,..-c !/o gi ,-- 7,r,7 ' Zs4r, 36 y - /7 322 L. � / - e / ,7j- fl . /itej % 33,v- 01 ipti, A s ,o,,„J. q_.,,,, ,) 67. ..?..--Yr 14_A ei-Pi: -4 O '_._ 1/ .. - C i)I itd. , .&%" g r1 /.3- - // PJ .____ IAl /0— // i 214 )1( 0..tii •33 / // tip, ...1 19._,v)-Yzoi 6 eevvv-e-u 3 / // 11 K 4 A- �7/& 1 o & W . Lib Vt 4 C (e JUC 1964 > REGFivED PETITION TO THE CITY COUNCIL OF RENTON co - C!rro;RENTON CLERK'S pi`ICE , \ We,; the undersigned, hereby petition the City Council of t j zit ofd,vq9 on to place upon the ballot of September 15, 1964, the proposed bond issue in the amount oC $450,000 for the improvement and development and equipping the Lake Wash- ington Beech property. ' lie deem it necessary and desi rable in the interest of the public, and for the benefit and welfare of the citizens of the City of Renton, that the City develop as expeditiously as possible ,a major waterfront park of approximately twenty-one acres to include provisions for boat launching, a public swimming beach, picnic areas with kitchens, adequate parking, play areas, dressing rooms, etc. NAME ADDRESS 'e)4.10ye.?:* /.64°W 3 # .....„8K0 41 \ i! ;2;74/ 02 / h OTAIL`?' 3C. /6) Vic 7-t),,tgeiiu 1-- JO(+5, 6 . 2 0 � - � � 0 fo� /v a sI c5 7 o ‘,3 5 g 449_ jelt-e-te-g-/ ---- g:›4--71.-w41==? ,, g_ A42-c / L Zr-'26 27(78c, ` 1 c JUL 1964 N PETITION TO THE CITY COUNCIL OF RENTON a= '.�LL'i- _p, co �,1fYC1 ENTON CLEWS OFFICE \� We, the undersigned, hereby petition the City Council of r,Eity of RAI on to place upon the ballot of September 15, 1964, the proposed bond issue in the i amount of $450,000 for the improvement and development and equipping the Lake Wash- 1 i ngton Beach property. We deem it necessary and desirable in the interest of the public, and for the benefit andl,welfare of the citizens of the City of Renton, that the City develop as expeditiously as possible a major waterfront park of approximately twenty-one acres to include provisions for boat launching, a public swimming beach, picnic areas with kitchens, adequate parking, play areas, dressing rooms, etc. NAME ADDRESS ( / >ic j c ,-yzy 7 1 .ice X / / . , ,,, t_ci ,44A1 , , /, , ,/,3Y/y. ,/ 73- Sf., 71/./-/AA,-)A-;,. f 3 6' ,, ?/old`i,- Ljelf(4,74.---._ 4�_7 (1:7 , ._ 1, ,ma y '1 ,L:!-� l yt, /r�A� _ -5'"E4 1! ,.......„ i i°-/ ' �/7.--- �'C . �;�. `/7 tom.. C� �(.!./i ,/ ' G, / _} , ..... , , ---,---- al .i,/; ' 7--,7 (;) / ///40.: -.4-7/1 ,4,4.f>. ,Ii94,1. -..'-, '7' ':--,.' :::':. - • •'' .. . ...-. ' / _. , - - • Xf.,,, -S; i L.....)j7 • lyA ie(Z;1-ill -- II al OA- '"--)1--L1--"fikir--)--1,1/2..:2 _ . .., . re-,,,,z, _ /t �� 'ram.=- /....- .15-5,7,-...-- , ;'--"5 1 f/ sa 5` _,e.�a, f __ t/..Pvii.,;(,6 ..-.2.--,-/ ila,z,,,i,"-1.2_, d—l0 /(., Z6.,e,,7 ° (F.,e,-/-,,Z),- --/:_ ki. --7-6_,„2„.„.6-7,,,___ (/ s 7/- Ls---3--- 3 -- kj--- 4,,....e.,......,. -- Lc.,,-p..,-.,ce_..../ ,4-, wizz,,,;6,„„z„..„_-,, 5 9. ' n . M4 . purti,..,....) ', "Mo . 0._ - d-6---fr-, S 7'7 )(--. .5- 7: Re-.; ----.7 7-e,-,-,.., it) PtIVC"J P. (..,.....?.....-6...„ ....,_,............ ./-----,7 .7 /6.1--- -ei c --t_e_:,.. --e_______ . :3262 UL 1��1 nv cn; N RED ;!VET CO PETITION TO THE CITY COUNCIL OF RENTON cx� -� , ,ijYOl i: Pirlj'f ul CLEF-, •E ,/ `S OFFICE 4 We, the undersigned, hereby petition the City Council of th f5� `y``f,,F on to place upon the ballot of September 15, 196h:, the proposed bond issue in the amount of $450,000 for the improvement and development and equipping the Lake Wash- I ington Beach property. 1Je deem it necessary and desirable in the interest of the public, and for the benefit andiwelfare of the citizens of the City of Renton, that the City develop as expeditiously as possible a major waterfront park of approximately twenty-one acres to include provisions for boat launching, a public swimming beach, picnic areas with kitchens, adequate parking, play areas, dressing rooms, etc. 1 , NAME ADDRESS / 77 _5-'7---4 d, e,.••7,.,.7 ..-1C.-. ---"` „,--4.-ifV-----1 LIY/ (-3--15 3 4/', //-4/ ,e&:)'` ',,, 1:2) 1 ;1', je.e44/. -vim ,i1-2 (Ifte-- 66 7 A ,-/. 191-e...-e-L„.:,...., :1,6, ..„"ea.,,.-L-e.,_,- S- I 9 /e, Si ,9 ba J e. _ da4A-- . g 6 /2-. i ";--(,./>` -k--11 �' - `� � 7/,/ _ 1 1 ,422„7,...„_491 )9,,zael,p 2/7 i(-- ,,,,c/ . P.(1--c t AA.:o. ,,t ,,, ( 7 _i_ P 2 0 :3 1\--/ _.;', --'-- o 'Y'-‘77 * /15/ _Sic ------- / ,..,_/47/,./ ,:,.. , rs,...„.„..y, ,b,„,_„,.., , , ,,....7.„,,...4„, „____ , 2 „ % ram/ . ,,,%:____,L,,,/, 7 - - ,,,-,.„.,,,,,.) szi? 3 / -`1 ,T)i. .\(..\ 1 k-QA-,,--P---\,,zt. (.._.. \I-z5---z-1/4.),_,,___•_, _ 'i°--3 73m )-(A M- -i,V� '�~ ,gyp /f� d�.�!3..d:�,$.1• p '- (9/ ''ll,4 , (69 • i.e.4,/fi."4.1,-.6.--, 461C:-.:: V ..2.1'''.1.Ni // /�% fir /� G- `'�'1 e �(iCYC .ZC C1 s G� 1 ;::TE;t16) RPETITION TO THE CITY COUNCIL OF RENTON We;, the undersigned, hereby petition the City Council of Kalif Renton to place upon the ballot of September 15, 1964, the proposed bond issue in the, amount of $450,000 for the improvement and development and equipping the Lake Wash- ington Beach property. We deem it necessary and desirable in the interest of the public, and for the benefit and welfare of the citizens of the City of Renton, that the City develop as expeditiously as possible a major waterfront park of approximately twenty-one acres to include provisions for boat launching, a public swimming beach, picnic areas with kitchens, adequate parking, play areas, dressing rooms, etc. NAME ADDRESS 7- , _---sue >%i-i' .- c_ 4 fLEZ .27.,;_jdcil -- ) cs(5-,..2- e- 9 _=, . -.,,,,.,„ . > 5 / ct�(2 7 /U , RH / 9 a ) c- `-v-e- l u - .1 a - 9 -. �1 VIL:0,z..... F:3A,..ej -,( ' 3 /2- 7 C ) ..r,� 1F �r �P `r Lit ., M \ kJ- tv P - 6 g 7-3 C) V ladieicz/v/A---e-V 61-,_- -6/. 7 b " . ...7 /24A,L71-79-- , Jiall-tvU ot (10111 ib 309 40 PL-4-/ tS 0,/„. D. A' 4J,-- , s 09 t C) g T., 4;3�p�257.6:7?6,--;;>\: Ll , ::1; , PETITION TO Ti: CITY COUNCIL OF RENTON :.;dt_jEleLl'Isf-rto:ti9-\;;L:?1 We, thel undersigned, hereby petition the City Council of the C i t ' b on to place upon the ballot of September 15, 1964, the proposed bond issue in the amount of, $► 50,000 for the improvement and development and equipping the Lake Wash- ington teach property. deem it necessary and desirable in the interest of the public, and for the benefit and LNelfare of the citizens of the City of Renton, that the City develop as expeditiously as possible a major waterfront park of approximately twenty-one acres to include provisions for boat launching, a public swimming beach, picnic areas with kitchens, adequate parking, play areas, dressing rooms, etc. NAME ADDRESS it ae,i_.J ��`�C ,‘ D 2 to94,-..zir-ekie.ce--z te_2(,;,4,. &ICI /Q2_44,,,tHi_ 7I,944E/..,a . ,a , f/6,;1,5- as./ . ,e75>, ;, z , '� ��— pia �s `' /// _ lti-vL,(.% -C - / 7 ,A 7 / J , ..' L� _ < /116 16,64' .___,,,, Ao.,„,___ //- 4r\ ,_„,,, (/,,,Z 5(7. -. ? 7 ./-- 1-----4::, , ---;2_-_--1/:";,,A._ 221,-i , %d Xi/ - /d ' ..1. .— /3 r, jeAZ-vc) ,, �, 7 )4 H, . • ‘ ,__ ,,_ i -//6--rig„ . `6 . -'emu- ��.. IC F 0-I Z .1)\ - a C 1S1 - .A . i q - (,---(A-7- A,/, 44,-..eir, , --i„,,, .., .. —( t„..f.. )_ , v� e 1t ... . Jew , a.,/ , , ,__ f , / - ,,=.- , 0,,,2 - f 64-'4,4 --- 9 2 / - a . . v , 46,1k,,,, _. f tc.--- a526 2124, L �f 1 JUL 19e4 �: PETITION TO THE CITY COUNCIL OF RENTON ,- G1�4� t'�F1.1.;- r0 I opA l�L "'S Gi=t"•iCE 5r I V � We, the undersigned, hereby petition the City Council of the GaV! ton to place upon the. ballot of September 15, 1964, the proposed bond issue in the 1 amount of S 50,000 for the improvement and development and equipping the Lake Wash- ington' aeac1h property. We deem it necessary and desirable in the interest of the public, and for the benefit and welfare of the citizens of the City of Renton, that the City develop as I expeditiously as possible a major waterfront park of approximately twenty-one acres 1 to include provisions for boat launching, a public swimming beach, picnic areas with kitchens, adequate parking, play areas, dressing rooms, etc. NAME ADDRESS e ,.... t.4.,,,, % & 1/1/-4 4."-1--', r' . f 0_.._.,_ 3 cil _01 St i i , 46.4s 0 //{ 2/. ict, _24-9_ ,0„. „0, . .',4y, ! 7:41' ' t:/-', 4.6 : - /lIC.7")Z (i',Xk ' 214 ' /' '' Az- if J----1---/----z7zc_.„..." , �1i l�J /, ,./n ,,./, , / ,/ „Li ..A1 674,e_._ / 3 /z//- A< • /I , 42 �( r? ,,,,,_. i ,(:g.,a,u,-9 L'il . ,--1/9(1/7_4_07-i it ,/:',-7/6 iy 7/ G� O71.,- /3/6 A' -ck_. / 7 A 0 A(XbIji-- (i,,JI, K'..0-7. 47 .1.te, 13 :) 6 k nt- ki,,.. .-J-- 4.d r ilta ,A/rk/-721.-/ /1/i. ii z/ l -4 1- --., r� ,, -,r, . _ .�d/a if . ,,/ 4,ei e -�-. r,`zi,-,j.. / /�L�I. �I� L /Y'G4`r�Z f (oe ,_ ., -7 ., -'4,t, I., if 1 i. u „6/,./).4-1,,i, if 3 7 ;:,1 if ,91-1,:-_,...-Z-7/1- Le),4-1. ._____C_,17 �U „z � /aka /` j1,4---7/(1 / ) A t /. per/ • r .,, ezle.---.)1...c,,ZL-GL, ,2YG� n � . I adl-im C-2414,41. /j Cr C.) A.---' V . 1 ' , 1' rep 26:::;26)f94,1 � � o JUL 1964 REC.E f V/P N PETITION TO THE CITY COUNCIL OF RENTON `' CITY o, s'?;'=,i'"r�'y cry vi, CLL;�r{'S , 1,. l�, o;-F;cL�\;'' We, the undersigned, hereby petition the City Council of the Ci rf'`efelftt% to place upon the ballot of September 15, 1964, the proposed bond issue in the amount of SL450,000 for the improvement and development and equipping the Lake Wash- ington Beach property. We deem it necessary and desirable in the interest of the public, and for the benefit and welfare of the citizens of the City of Renton, that the City develop as expeditiously as possible a major waterfront park of approximately twenty-one acres to include provisions for boat launching, a public swimming beach, picnic areas with kitchens, adequate parking, play areas, dressing rooms, etc. NAME ADDRESS n/irl .747. 7S-ez- 2:7-A- - //-7 s-/ gle .e-i.-/ / 2,,,,z. (0)0547- • 6,0,4-e4.A._„ NO . 41<_o_es 0)441- A2eL-e-c-e_i 1VJiA//&O+ /y7J ..,/pd.zy71 4: „c z,,,„„7.,,, //, ?a-7 17--.Jx-o ,,2:,'„) \ -- •;,!,171,,b. o.7,5c. I . (6:411 / v)_ - 2( (27/ et* 00), 6 j_yrt: ,24, 13 39 --\A--/- kQAAJ-ila, l,/, 0C'o1��, d- _e-/ 7 — K - tee, , ) ,,... --i f.,_ __ _,, .,,, hyo, vr ip),,,--7,---,. .),J • ?o 7 4 a.4,_e_. , r --et..) , P _______:_jai i ' - • ,e-/- \''' / A li...--"( k7 3 e 0 2 - /,-)- /9-di /4 . 1 ---)-riaA.,w attp 5\jraii)1..) 00 - /, }9v'z �4 Killo-t-p.c..,e_ r/mar--ri �30As- - /s� 4 , 4, „-��. ..--'(--<-i r JUL G ^`'� p itT:27c\i � j 0,Ai I: 19a4 PETITION TO THE CITY COUNCIL OF RENTON RECEIVED ` We, het undersigned, hereby petition the City Council of th 9�,�'`i.ty o eSi;p, to place upon the ballot of September 15, 1964, the proposed bond issue 're amount of $150,000 for the improvement and development and equipping the Lake Wash- ington Death property. We deem it necessary and desirable in the interest of the public, and for the benefit and welfare of the citizens of the City of Renton, that the City develop as expeditiously as possible a major waterfront park of approximately twenty-one acres to include provisions for boat launching, a public swimming beach, picnic areas with kitchens, adequate parking, play areas, dressing rooms, etc. NAME ADDRESS ' mot.._... __ L''\ ' ,c7; %?G -a%7). -, icl iliyov-v 1 1-1- MA-d A2 / (J 6 Z Gee 1 Q-�g-.e, 6,-,1,-,„ r r --lnleng-1..j 62-- :)-' 'e-"A,-710...t 1-5---1 ) __I/ Si ‘ 6.,,,....e:—,, , 11146 ,,/,,ix) 1,, 5- "r ,J R...e....„,--/re,--,-—-- /s'� - - - I m . 3/ t.0 / 5 &, e. ,7c,r 9 5,,,ii,,,, ,, (tom- /��w�iL- / %2 J � 1 1, %exzt." „49-c?0---- /11 i Ae ". 7 �� r J / �- . ej7 44� I e_ 1 1 7 ' . kCI,12 , ' d/a / � J ) X7"--- ( // ...-4 „,,,,Z 1 1........ 6:4.7 -, ..1-"i?'. , , 1,1/:2 Z -.QC /'3/. 62cuvt-c-ne• 6L. R ,J ,s /3/7 H/ (7-Ze,.'e_e_ V�a2.-,.&�.., q4,21 . 1 �.e4z /9-z/LQJ ,47,,2-1,2,1 } L.4,,, „" 73,2 '4 1 J',, Le- c� JUL 19r4 C., RECEIVED W PETITION TO THE CITY COUNCIL OF RENTON c . CfT}'pf f'e,''ti'T� ! r, !.vLk:slit S of i foi: . \� Ye, the undersigned, hereby petition the City Council of th`�lP��it,y_.c�� on t�Gi � © to place upon the ballot of September 15, 1964, the proposed bond issue in the amount of $450,000 for the improvement and development and equipping the Lake !lash- ington beach property. deem it necessary and desirable in the interest of the public, and for the benefit and welfare of the citizens of the City of Renton, that the City develop as expeditiously as possible a major waterfront park of approximately twenty-one acres to include provisions for boat launching, a public swimming beach, picnic areas with kitchens, adequate parking, play areas, dressing rooms, etc. M/\ME ADDRESS ..e .),_vaz . r%\z„.1.1._d_..i ,,,,1_,_ I /''' /-3 / - . -)-t/ 4t14--A-"4 '--941L" -- jr0 o g ki ,c7 /g. E1117dit/ r(-4--,-/ i., ,.-4Z4.eL/7 /�/o /' J.. "4.,-6. .,--.-LJ F 420 Jk / 2_ 4, K S-f . A.9kii..... /1/4_ mi. Li,,,,,,i )3 0 L - i< _M-- Qt-.- -7-;;-.,_______ /3 K' Ile d i '/Xlif) id SXY- 1j— g A -,eiv 1' t. J� / /Ai) ' „Lie, 7/'. i4f" _, ,,, , _.300 iyi% e,, ee:,,,./A / , „ t / ,,e ,A („). Oz. 7 1 /7 J /k/) „.2 ..r / F /5./ if.a,tozJ ll 4 4IP EAL., JD.10 mac, /y/ // Xac (::::citi-g..-1_(2— 12/.(,--yV-Lif / 3 g Altlecru,42i ,/,-(,4--)-,x— .7j-?,!/- L,_ei 17co indu / (11' fd 7pzc-Wgte-ell ,0° .°--)4-€2 1 o JUt 19E4et)(1:ECz Ei5sel69 r ) j a-, PETITION TO THE CITY COUNCIL OF RENTON CI1T f ,9, S UrfiC '.!e, the undersigned, hereby petition the City Council of the Cl t4 t to place upon the ballot of September 15, 1964, the proposed bond issue in the amount of $450,000 for the improvement and development and equipping the Lake !!ash- ington Beach property. 'le deem it necessary and desirable in the interest of the public, and for the benefit and welfare of the citizens of the City of Renton, that the City develop as expeditiously as possible a major waterfront park of approximately twenty-one acres to include provisions for boat launching, a public swimming beach, picnic areas with kitchens, adequate parking, play areas, dressing rooms, etc. NAME ADDRESS 7-11A-41 Zel Wi/f_./._)2--ca- 7 ,t..a '' .--, / , ,.,(..e.,f _4-1- _e_,__) / 7 I/ ,7 .,,,i4 - e ) -..e /i — 14F Tf xJ ,,mizAg -- 1'� 1/1/2 /-- ) kk 0- 2;4/.-e JX;1 4.02- &At Lon- /- i /- �i /v' Z /7 2- ..4_1-'c....e ,z __ )?7 ill 4 / / 7 1 a/----; �/,� 177, ,3,c.....c. / z )- _f)- 74 AA / q 7'1 .yNe __e_... -fit-ex.vvr.44(9, lift/(49-4A- / .3 a 6 -1<- -, ..„.!55' 4i(e-aii Se')/61 i_i Z-(- e-r__<_ 11 .,af_- / • &,(. . lf/Ld-6.e..e.,s-2./ 'Jo//- /07V _ -26,-c_ it iTgy / 23 K qe..,.. ty,J 6.-e-ir j 3 I 1 1(4' /iL1-z S- e A- y � h /� J- /< , S T X.P_44-Thn ) hi )1/1 c z7/g• /.4f / / 4j .,„50,576?,,,„, , JUL 1C`4 PETITION TO THE CITY COUI CIL OF REL TON r`�,� RECEIVE D w C171or ON `.'e, the undersigned, hereby petition the City Council of t tJI tO to place upon the ballot of September 15, 1964, the proposed bond iss Lot amount of $450,000 for the improvement and development and equipping the Lake ',lash- ington Beach property. '!e deem it necessary and desirable in the interest of the public, and for the benefit and welfare of the citizens of the City of Renton, that the City develop as expeditiously as possible a major waterfront park of approximately twenty-one acres to include provisions for boat launching, a public swimming beach, picnic areas with kitchens, adequate parking, play areas, dressing rooms, etc. NAME ADDRESS , p�� Y�"�" Lela )21-A-1 C-77)&?"ja eaLayinia, > A--. /4'--"fa-te 72241-1.1, I / a - • /411, / /1 , ___12-A (U.( otAzik, , le (7_,QA-117.714 1;72-1 c) 2/zio-0-1-24 -2Y © 7 / /Wit- k: — 62"-r2C111 . -2-61 -e- if;:g.ivl (.211,Le./ )9? ii.D/C...t 7-57k 7 -1/-1.4 ee-- , Ij � L ��'��t i /�6 / -+� 4,�Ei��/G�' - Orekt,(2/11,u )///e1,01 g 32 `S^ 0 7/744_ WL,7'1/4- f Cif k s�- ��,�;:25Z627�8�9 0 ti o o JUL 19:4 RECEIVED r4: CITY PETITION TO THE CITY COUNCIL OF RENTON c� CITY;Xf PENTC'"J c� Sl 5 OFFICE�N, ''e, the undersigned, hereby petition the City Council of the Cit�r i`ZR to place upon the ballot of September 15, 1964., the proposed bond issue in the amount of $450,000 for the improvement and development and equipping the Lake '!ash- i ngton Beach property. 'Je deem it necessary and desirable in the interest of the public, and for the benefit and welfare of the citizens of the City of Renton, that the City develop as expeditiously as possible a major waterfront park of approximately twenty-one acres to include provisions for boat launching, a public swimming beach, picnic areas with kitchens, adequate parking, play areas, dressing rooms, etc. NAME ADDRESS ____?-cri,...,,.(2,e, ieSibet:21-itn.1---- 3, 0 G %S C'. fi% .e.g ;r/::!- '10 _,.7 0'2 41 - 7,, K71' . ._,A004 711/K- 0,4.64o) t 1), j 1 4.32,,, 4-r ;7'ii-o,,,4 ';.(1---T -4-,-„Nti ir -1.6 1.1.6 . olsset . c 26 lS ,�,=' "(ug: IV, C A d gclAct_h.c�.) 9 • ictfret-L, /6 '// S t/ 6/-ali1 f`� C \\ - '/j 3 .�. `>e, v' .:2/ / /a 54/ 74 Scr, Cl _e,,.e.7-e_i (2r-.4., C- 6/e? / .a 04-6 -ems I b - / o �3 J�,L„. ,.. / oe 0 3� t ji (fd /.,_:-.:.,7t-- tf/h 1 %'e 4y - é4L & $ ,k,\, 6-3 oidt )daku k‘ ) 011P1 . 2,1,3v40 , CA eeiNL. J....' 4—.71a..4, I it- -&_Ace ,,„, 6-1).„......., i--y- ,_,,,././A-,,,,,,4,/,„„ezg..... ,,,, ,, 52i,,,ti(LpJ. /t.3 6 Gddj` 71wok-% Sfs /Pew 1026 27,98,, 413 PETITION TO THE CITY, ,COUNCIL 0r RENTON h; '7r N We, the undersigned, hereby petition the City Council of thartl•t}tif l� ; on to place upon the ballot of September 15, 196t , the proposed bond iss •li to- amount amount of '$4550,000 for the improvement and development and equipping the Lake Wash- ington Beach property. We deem it necessary and desirable in the interest of the public, and for the benefit and welfare of the citizens of the City of Renton, that the City develop as expeditiof1sly as possible a major waterfront park of approximately twenty-one acres to include provisions for boat launching, a public swimming beach, picnic areas with kitchens, adequate parking, play areas, dressing rooms, etc. NAME ADDRESS /I fl /._((-11.7.1„,/-)‘' 71 �li� r�<--^� .3 7 \7� !�?p Jam'"' 0 ,z,e1 --;-,-,e6,- ,..5' a , / . _ i ! X Cp/'• . L9_,..±.„ , -17/4 ,N. 9,7,1„„ 7/ 6 /,9 a 0?-69,___ da.÷. „.--------64 ,,,, ii:2\ wi /A---,7 i ,,,, 6s, _) _,e__4(167,z.., c 97 /3) 6-0 e / 4A' 6.€ i-112- %'7li•)/L- t Y‘ — / 5 7—' -. I sel .27-. 041/Z-'e_, 1 / •7 7 4/ 6 a...dye., gLd--- -i1V-e--%-ci-4,0-LI i 3 ,s—d W. "1- TA `;` d-W—La 6 ""--6-6"4-4-121,L__. ( 3 ,- H - Q11-a- . 8e_,,,,ex-v, ?,2" • -1.1 .11, /,mv /7/ /72 , -, ��-- ; '7_, , _7 Y3 3 0 /7/ /- ,?(ex, . /(4,,,,,,Ac- diA':V 1 / / .11010i :211 _ 2.-„, ' .0..c.€ - ''' All? / / 2111 18 / # t„,/_ ..,„_A.7#,A.d.,„(_..d_e,,Aci 7 0 S- 48 61- >Z 13u441 ,��c�2526 8c9 ti JUL 1364 v PETITION TO THE CITY COUNCIL OF RENTON a? :'a `� CLE�=� 1E1�liJr+i ",gam ,,;i'S OFFICE.; V We, the undersigned, hereby petition the City Council of th irViMtl, on to place Upon the ballot of September 15, 1964, the proposed bond issue in the amount of $4550,000 for the improvement and development and equipping the Lake Wash- ington Beach property. We deem it necessary and desirable in the interest of the public, and for the benefit and welfare of the citizens of the City of Renton, that the City develop as expeditiously as possible a major waterfront park of approximately twenty-one acres to include provisions for boat launching, a public swimming beach, picnic areas with kitchens, adequate parking, play areas, dressing rooms, etc. NAME ADDRESS A-12-Arx. P,eC2,/1: 'r ,' ,d v i kel,,,a67, J 5fII ;-i -Al/ Val ��. f 3 "27 ,, 44,E 122 J Airt-4e / /CP4R-- (Z ' /� oze 7 , o ' 7.0 -/( ji E4 r .,-/;70....,_°4 r'/--P p6:,_4-_,440,..) z- d qZt. if- ,d,_,,,„ / A 11z cG f G ,z / 2/ g J ,efee,6-` • --72.,.,-• , cd/-6e1-4-,..."-e,.. a:27 •1121 '/t I igc-tie 9/d - J- - 746 - ,f4,/ - 4(," �f � . 7ZJe,, 9-7 ' mac G{,�' : /G2;z%ix_ 26274 015 o JUL 19e4 rn N PETITION TO THE CITY COUNCIL OF RENTO '! ECEIVE0 c CITY°IRS 4. e-- CLr, S irON `�i' vFFof ti '.::►e, the undersigned, hereby petition the City Council of the ``f R�� CGtt to place upon the ballot of September 15, 1964, the proposed bond issue in die amount of $450,000 for the improvement and development and equipping the Lake `.+ash- i ngton Beach property. '.Je deem it necessary and desirable in the interest of the public, and for the benefit and welfare of the citizens of the City of Renton, that the City develop as expeditiously as possible a major waterfront park of approximately twenty-one acres to include provisions for boat launching, a public swimming beach, picnic areas with kitchens, adequate parking, play areas, dressing rooms, etc. LAME ADDRESS r'........7.7)4.„ r /-7 .../"C ....:-",./1.;— .:7 _L..•,--ix-e./. ."—LI . . _. ,Z..../.-..„ c t, „./4 • _,)( 'tfi i _ (L.i l 1 C ') ,N le_.: I-:L. Gt 1 rl ,cam-_..4.712 41=gagyadtj _/2 4 57/ /e (r_ 1(Ievravi GUu, -71- i')1,-1.c 4.- --vi..4 v .44.),,c______,5-_-,, _ie ‘r 2 . �. v8 �1, Ret L ;//\sue. � � - _ :4,T Z1-11D' ' % %fiG 1!r;--ems /7 /l .2" 6 7 .4 6c s- A' ,tt . c,,,,ten ,-,;_,,,k ,,, '..i.. „....„, „41,, ;-'1,-,..,..44-4_, ,i9./ - 9;e„? ai, ii,-, ,( .,,d--„,, 6/.),,,,./ , c, a - N ''I, '/ ) g7L A. )--. X1,_` . '-/(1) il -.)-----r I 7) (X:V-- )_2",,e.., itiej—z--T ( o 8 () - '5-- y 7 " r7 7 r 9 wilk..42:-..t,4 „eke, ...-2:4L..:e./e-) C ^ .) --•-.....----- r 10) -; )1(Iti ruJi\.4th,& tiavve4AA„). 6( 0 -)- f5' , / - i;c `�, �� ...., G 1 I ��rlriLD J�v4�(9�v� v uu/ 1964 RECEIVED W PETITION TO THE CITY COUNCIL OF RENTON rf C E,TY v. f''L,�IrUN t `mil CLF P%,5 OFFicE ^\, Y herebypetition the Council of the�/� 1 !' nton .:e, the undersigned, City to place upon the ballot of September 15, 1964, the proposed bond issue in the amount of $L50,000 for the improvement and development and equipping the Lake Wash- ington Beach property. '1e deem it necessary and desirable in the interest of the public, and for the benefit and welfare of the citizens of the City of Renton, that the City develop as expeditiously as possible a major waterfront park of approximately twenty-one acres to include provisions for boat launching, a public swimming beach, picnic areas with kitchens, adequate parking, play areas, dressing rooms, etc. NAME ADDRESS lif---'11_,--q_A.c71,--7 54177 -1i :// -2,/� G4: 52 ,5--,i GG4N T S /6r NTe,2 wit/. ir).4,--t-ae._.(/ 1 O l a Z• ,z4„ &4 1901-5 )/)1 4.14_6(__, _ /0/0 It_ 1-11-- 4,..,1,.„ )./-7-, , „, ,1, ,...„.,-7 4 'C5 v , ea ,, 7....„/I /'2' I )4 15 . /24"r -P4. -1411) tri#4 el 4#/11 7 4 //1 I I I Iff;f7 _ P- 6Y,17 _ 0..„ ..,,/ . ,..,,,/. ,_2,,,,,t, ,3s-/c,) — //I% , -?).-‘74.e-il z?ia -{t.,--,ri_A If --›_.. 3 ,.(2 0 cy :271 ,4e-,---(. / 1 if ,e,t..1.-0--,^ J 7 2;..1 Ax - ,ri . I114 ( 0 se -.7c)(‘-- 01( `''''<--- ---J-.A)6-2-P- -<--2,1idt "At-at-K., •? /1,3 9'--- / 3 )--1 — fidc. 6. 6 ,P,,,te-A, 0 0,4-,k, f - 7/. ti 7 /s t'. -- ./. A rV ' ,, t 3 7i5 /o'"9L. N. 6,411)i0 1A,/,4/1/ r 14;-Gtr //54( a -f(J- Sr Re,,, , . _ , if.,„r....7 . cr...., //� ._J ,/ Ii / liQ /' le;, , 1)1 �1026 2 7-- 4,� ti JUL N c EIVED w PETITIOP! TO THE CITY COUPCIL OF REt TON -- CiryoR EP ,+l1-o,^r CI). CLE" 'S OFF;Ct <� '.!e, the undersigned, hereby petition the City Council of t siiim nton to place upon the ballot of September 15, 196b, the proposed bond issue in the amount of $450,000 for the improvement and development and equipping the Lake Wash- ington Beach property. We deem it necessary and desirable in the interest of the public, and for the benefit and welfare of the citizens of the City of Renton, that the City develop as expeditiously as possible a major waterfront park of approximately twenty-one acres to include provisions for boat launching, a public swimming beach, picnic areas with kitchens, adequate parking, play areas, dressing rooms, etc. NAME ADDRESS n'44-- 441 C- __) }1...,..ii y 0 s-- P 5i r? e, -)z re,--)c wif-,5 it_ ,r.,,,c,, .) --,----1(-------F ,�� ,`7 is le fie /77 C/7 l�as,7 (` a r / s e_.,�r rcY �/ --/v _e 44 /9. 05' S ,C% / 9a it/P5-7- ,,vr,.s-,y. C)4/1.4 Nja0.0-,, 626 7 P`, S " // ,,,,,,:.z ii;(1/,„ 2.� Y l - . '72 . X/aoce- - 9�' /moo . 4-:,--4, , �,�a- ,a4 y/ � � I J �� 1.-, I 0 C C a 3 Cc /U /2_,___ - -e5,,_ NS ,\„, , , l _,P \C. 4 9._A\3- ,A,,4,,) \).\\ c,-.%?:-/Z:0_,.....:_ /77,-.4„..„ yaz 15 1. "?..2,,,, ,,, 14 A.7 . / , 1/ 2-� e� ,� 1/d l�lb v AL (-c). AA ' I b . L b-,--- j/aigi, 6, , • ar- /c ‘/ 4) 12 ff�r�� ti 44:4. �o JIlL_19 4 . PETITION TO THE CITY COUNCIL OF RENTON. co R_ct!VED w f CLE,,of 4c4TON c f rt S Oi-7 "le, the undersigned, hereby petition the City Council of t �' i ty ot `'R:i,; n to place upon the ballot of September 15, 1964, the proposed bond issue in the amount of $450,000 for the improvement and development and equipping the Lake !lash- ington Beach property. 'le deem it necessary and desirable in the interest of the public, and for the benefit and welfare of the citizens of the City of Renton, that the City develop as expeditiously as possible a major waterfront park of approximately twenty-one acres to include provisions for boat launching, a public swimming beach, picnic areas with kitchens, adequate parking, play areas, dressing rooms, etc. NAME ADDRESS ,_ vl: 3 8 — 2 -X.?? 2'ig./).",,e_ie_,- _7e , s, „, o.„.e4,27,4.7... / i/z,`�z icat...4e,2,t )coc,..,,2,ey....to,k1. 3 20‘ .____/6, 17tee ._ iyao . .-._.( , , i , t . _ __...) 1......,_u_e icrec • _ / 3 2_ - )i----- J`) ',,, ,Sr.-(2.-(6_ , __ ,,;;-< !:` .d/ 3s-7� J G __ y 7 >_ /2 tJ/ 6 �-( )/1 j7,4./ 4.,tc 44 L/ 357,.2 - .5/a., & - 6,1114 aZZ-1 1,s....-,' ..,,,i4 ,7 5- a - V /7‘ At A JP A-, ‘t-cq ,1_,ze„ %,g 1 1,..Y, t 14-c; ( < ' c'-C 4a-,, e a j(),,f , ( ./ 141 ,,efs / - 317O 6;41 /9r( , G:-/: ,,d,_ „__29/‘, - -1 a-a, „ ---t--- i', ,,,.../..., , L---,..to, „(...,- ./ _,,-.)e(---4, ,,_,,__ , ---a—e--C ec_ -c.<1-__ 3. 23 . al./ v ti �L )0262I,76_ `L`i, * `9p ti R JUL 1964 N s3,2CEIVED w PETITIOM TO TIE CITY COUI'!CIL OF REP!TON ! C/TY pfR NrO y „. ER •SOFF10N Ye, the undersigned, hereby petition the City Council of t �� 6 Eton to place upon the ballot of September 15, 1964, the proposed bond issue in the amount of $450,000 for the improvement and development and equipping the Lake Wash- ington Beach property. '.!e deem it necessary and desirable in the interest of the public, and for the benefit and welfare of the citizens of the City of Renton, that the City develop as expeditiously as possible a major waterfront park of approximately twenty-one acres to include provisions for boat launching, a public swimming beach, picnic areas with kitchens, adequate parking, play areas, dressing rooms, etc. I TAME ADDRESS 41....4 2- f'is Ct.-Gen.-m-4, ---e(,/-, ..1..„?..,--,e_c_. , k_ L970 6 -/{f7,__ ___ _,) otqGhl-z77 ,C,,swi_,, A --/ Y c, /5-- (d /7-1- "`)- ge,/t//&ty ‘147°- 3f/ /3 /7. 1/46-1L--- p X‘---a-S0' � Y.7K3P �4• ``3 S 2 AZ,' 4-.,- f� .—�� l erg-'o G //5 4' • .01_,LefieiatTe...-- fp 602- -1? lk, --tgL__,‘_• C '(t• _P.,1 \ ' 0--) , 4......ks_ 3 ? 4' 2e27L i /, T- .%:-/2 2. 4/4,/ C /c A 27. `�, (2 s� l� ,_- 430 1 .z /fir .4 L2%/ . V ja p jUC 19t4 co PETITION TO THE CITY COUNCIL OF RED�TON 000 C'Ty0fRE, -fa � t'I VED Ye, the undersigned, hereby petition the City Council of `Ci tyidof, ton to place upon the ballot of September 15, 1964, the proposed bond issue in the amount of $450,000 for the improvement and development and equipping the Lake Wash- ington Beach property. '.le deem it necessary and desirable in the interest of the public, and for the benefit and welfare of the citizens of the City of Renton, that the City develop as expeditiously as possible a major waterfront park of approximately twenty-one acres to include provisions for boat launching, a public swimming beach, picnic areas with kitchens, adequate parking, play areas, dressing rooms, etc. GAME AD D RE S S -�L 72Z, // - r�`�1��5 6 8<9v: Jut /9Sq REEF; ` PETITION TO THE CITY COUNCIL OF RENTON Gir ED `" C "RENTQN c ,s '5 S OFFICE O Ye, the undersigned, hereby petition the City Council of t ` ' ylg on to place upon the ballot of September 15, 1964, the proposed bond issue in the amount of $450,000 for the improvement and development and equipping the Lake 'Jash- ington Beach property. '!e deem it necessary and desirable in the interest of the public, and for the benefit and welfare of the citizens of the City of Renton, that the City develop as expeditiously as possible a major waterfront park of approximately twenty-one acres to include provisions for boat launching, a public swimming beach, picnic areas with kitchens, adequate parking, play areas, dressing rooms, etc. NAME ADDRESS 1-- 0.1;2' _ 5a'Mkt, P44- 3 1 � tiJUL19g4 Oj PETITION TO THE CITY COUNCIL OF RENTON ccL/LT_ of jEr�KS0 rn ay \, Ye, the undersigned, hereby petition the City Council of the Cl Olh Apt to place upon the ballot of September 15, 196h, the proposed bond issue in the amount of $450,000 for the improvement and development and equipping the Lake Wash- ington Beach property. 'le deem it necessary and desirable in the interest of the public, and for the benefit and welfare of the citizens of the City of Renton, that the City develop as expeditiously as possible a major waterfront park of approximately twenty-one acres to include provisions for boat launching, a public swimming beach, picnic areas with kitchens, adequate parking, play areas, dressing rooms, etc. NAME ADDRESS 4Z//)146 * 67,4141.414, 6 3 , .v V zto ))//itev a .y /r° 3 C i00 17W c_ ) /; a 7 ekvve.t./ lay 3' /?qg ,D _ S ,�,�Q5262I�8�� crAOJ, JUL 1 gE4 OQ c RECEIVE PETITION TO THE CITY COUNCIL OF RENTON a' Clry°fR CiEI0c,c QI LOi�J '.:!e, the undersigned, hereby petition the City Council of the 1-: lftt to place upon the ballot of September 15, 1964, the proposed bond issue in the amount of $450,000 for the improvement and development and equipping the Lake !!ash- ington Beach property. 'le deem it necessary and desirable in the interest of the public, and for the benefit and welfare of the citizens of the City of Renton, that the City develop as expeditiously as possible a major waterfront park of approximately twenty-one acres to include provisions for boat launching, a public swimming beach, picnic areas with kitchens, adequate parking, play areas, dressing rooms, etc. NAME ADDRESS ��e � 'lam /y�� ..�U! �� • C K� /0 /4,,, 77/f „052627 PETITION TO THE CITY COUNCIL OF RENTON! a, RECEIVED Cr,y, t RENrrV Ye, the undersigned, hereby petition the City Council of tl Ai ty to place upon the ballot of September 15, 1964, the proposed bond issu r the amount of $450,000 for the improvement and development and equipping the Lake !!ash- i ngton Beach property. deem it necessary and desirable in the interest of the public, and for the benefit and welfare of the citizens of the City of Renton, that the City develop as expeditiously as possible a major waterfront park of approximately twenty-one acres to include provisions for boat launching, a public swimming beach, picnic areas with kitchens, adequate parking, play areas, dressing rooms, etc. NAME ADDRESS lit/ ( O 5 . )./UO-l.ti tk— 11( A4itainto,V.42.c7/ '24,70 a _ .4*--r c7g . ,- -- , 1,t . . t ..s 4 • .� J ,l).1-Q2526 Z�I�8•9�0 JU c PETITIOM TO THE CITY COUNCIL OF REPTOP'. L 119�r.4 �v cc? Ci;";r n r, �� - Ye, the undersigned, hereby petition the City Council of t. fity g ;p o► ) S to place upon the ballot of September 15, 196h, the proposed bond is " 4eittm amount of $450,000 for the improvement and development and equipping the Lake Wash- ington Beach property. We deem it necessary and desirable in the interest of the public, and for the benefit and welfare of the citizens of the City of Renton, that the City develop as expeditiously as possible a major waterfront park of approximately twenty-one acres to include provisions for boat launching, a public swimming beach, picnic areas with kitchens, adequate parking, play areas, dressing rooms, etc. MAME ADDRESS 41,41 9%Y-3 —St: ,e ///e/ ci _e yafolz-pL--61ee- R._tit-TA„LA_, :max , 31 09 -61:k 4.0L, 4) to2J v2 S eerdOlf "-et-A,/ `6 a_ -- // 5/,;zivs. ,g6 /N -p?y L„ , ��,��al526 2�I�8�y�o PETITION TO THE CITY COUNCIL OF RENTOP: cR�C.ElVFD -A ry _- w Ye, the undersigned, hereby petition the City Council of t �A5r ,''93 ,:r tom, to place upon the ballot of September 15, 1964, the proposed bond i emit amount of $450,000 for the improvement and development and equipping the Lake l4ash- ington Beach property. Ye deem it necessary and desirable in the interest of the public, and for the benefit and welfare of the citizens of the City of Renton, that the City develop as expeditiously as possible a major waterfront park of approximately twenty-one acres to include provisions for boat launching, a public swimming beach, picnic areas with kitchens, adequate parking, play areas, dressing rooms, etc. NAME ADDRESS o-r7� je2 a s<<3 3.- / 2 7 %. , . F. N ,��Q2526��8�9� ti o� PETITION! TO THE CITY COUNCIL OF RENTON7 RECLci cc 1964 �c;� �r "..le, the undersigned, hereby petition the City Council of th SI tyhdf0, ° orpy to place upon the ballot of September 15, 1964, the proposed bond iss alril �� amount of $450,000 for the improvement and development and equipping the Lake `.!ash- ington Beach property. deem it necessary and desirable in the interest of the public, and for the benefit and welfare of the citizens of the City of Renton, that the City develop as expeditiously as possible a major waterfront park of approximately twenty-one acres to include provisions for boat launching, a public swimming beach, picnic areas with kitchens, adequate parking, play areas, dressing rooms, etc. NAME ADDRESS oLt — / ad; ' S 91p, 77 -Z /l./(--i- / CI,/0, &/,__C")Z C 7.1-70,1 -- ry� / ° 6- S, e, lcs--?i c7IP,... gf/ 135- /,2 ?fr; 7.--i. [-e--.,170 t. ,' 4. .742_12), jf--- . ,..._. ,._,..,....„ , • (Mt cit (74.-4 , /21(f iiii . i/ r id k 7 . ,- ,L,_,_ .. ,,A.:, tii -,2i,i, . ? �� , _„ - /ODD 5A //Z L . 4VA -..4 „,,-C.-e4frvt.,) At ' .42-6e 4,., . .e--- irt,x--1----- ,..,6„ .- jr.,, , ,, .. _ /„..s. 6,4„,,, lai___ . .t7,-- ,,_ie. ,,,.. ,, z, ,, : , ., ,I / - i,,5-7i ,R„.„,f„,„7:-.,, ,,,,,ti _ ,,,,,,,,, , / r/ . . 7� ..„-_,,, v-re.„ ,44. 7: I . ��,�2�25262�I��p�9� pp) '°E4 PETITION TO THE CITY COUNCIL OF RENTON tCE/VE PO C;1`Y 'n -A 'le, the undersigned, hereby petition the City Council of "* Ci t" �1fiU. erk nle�, c'Q to place upon the ballot of September 15, 1964, the proposed bond is ��i.A� e amount of $450,000 for the improvement and development and equipping the Lake '.!ash- ington Beach property. '.!e deem it necessary and desirable in the interest of the public, and for the benefit and welfare of the citizens of the City of Renton, that the City develop as expeditiously as possible a major waterfront park of approximately twenty-one acres to include provisions for boat launching, a public swimming beach, picnic areas with kitchens, adequate parking, play areas, dressing rooms, etc. NAME ADDRESS (j. 2-j-Z-4,7- ,- c L l2 -- ,, (.... .) „ 1.42477 :4Lp cis,. lc.2 ZeJ -\\NcLs rk-,\ ,N.N\ Vic/A:Le> L79&1)-oait) To 7-./6/(„g7/:& C/l i ? Al,,i,e,x 72s--, ) /(/.;7-/ Aril A:44ad-- . zot kede� /`, ,1 /s3 '_..� a.....,..t ., O'626274 os PETITION TO THE CITY COUNCIL OF RENTON'. p JCL 1964 N rt VED the undersigned, hereby petition the City Council of CttXr ,d,_ RelAt to place upon the ballot of September 15, 1964, the proposed bond li`TI 4' amount of $450,000 for the improvement and development and equipping the Lake !•!ash- ington Beach property. lie deem it necessary and desirable in the interest of the public, and for the benefit and welfare of the citizens of the City of Renton, that the City develop as expeditiously as possible a major waterfront park of approximately twenty-one acres to include provisions for boat launching, a public swimming beach, picnic areas with kitchens, adequate parking, play areas, dressing rooms, etc. NAME ADDRESS zefie.e, ifet-,10,./(e/ec. d -n"14, 5 v' / / 104 12 ez.& "' ` f`� �. 42_ /47S/1 / G O. Se ieer K/-05eafl - pow ti Jut 1 o, PETITION TO THE CITY COUHCIL OF RENTON! co CEiI;ED A CI- , 'C "UN !fe, the undersigned, hereby petition the City Council o s'fke�,Ci ty , ton /Gi ti � to place upon the ballot of September 15, 1964, the proposed bond issue in the amount of $450,000 for the improvement and development and equipping the Lake !lash- ington Beach property. 'le deem it necessary and desirable in the interest of the public, and for the benefit and welfare of the citizens of the City of Renton, that the City develop as expeditiously as possible a major waterfront park of approximately twenty-one acres to include provisions for boat launching, a public swimming beach, picnic areas with kitchens, adequate parking, play areas, dressing rooms, etc. NAME AD D RE S S ie le" 4 ,576 pAt< r, Ail J ��N�n�' .05262I2s oo PETITION TO THE CITY COUNCIL OF RENTON ti R JUC 19r4 'e, the undersigned, hereby petition the City Council 0 41ftt,ce,yy- ED co 'biter to place upon the ballot of September 15, 1964, the proposed bon liWl es* amount of $450,000 for the improvement and development and equipping the Lake '!ash- ington Beach property. '!e deem it necessary and desirable in the interest of the public, and for the benefit and welfare of the citizens of the City of Renton, that the City develop as expeditiously as possible a major waterfront park of approximately twenty-one acres to include provisions for boat launching, a public swimming beach, picnic areas with kitchens, adequate parking, play areas, dressing rooms, etc. LAME ADDRESS dor 011",—P-7/TO-a2 71" --6(---d" (6 >4t—A-4j__ t(A,eL e R�'AIL 1 964 N PETITION TO THE CITY COUNCIL OF RENTONN! oo cI CEIVFO REMTO Ye, the undersigned, hereby petition the City Council of ecycj t��b on tiCIto place upon the ballot of September 15, 1964, the proposed bond issue in the amount of $450,000 for the improvement and development and equipping the Lake 'A ash- . .Beach property. 'le deem it necessary and desirable in the interest of the public, and for the benefit and welfare of the citizens of the City of Renton, that the City develop as expeditiously as possible a major waterfront park of approximately twenty-one acres to include provisions for boat launching, a public swimming beach, picnic areas with kitchens, adequate parking, play areas, dressing rooms, etc. NAME /�D D RE S S /// 7 isold' . . -4,-, ii,F,7,----, 4,44,-- ,7(,:: , __,,,,Q_ . ....,/, , �4,4_ -- ? / 10 „ S 74, &r-,&-t- Al2ergA- 7 .13 ,(J72. .aki'l ' //137 cL7-/d ? "l , r,d_:,D,,,,,„ ;_.4 „aLA_ _ / ( 8 -2 7 5 E t o.Z-'`=P,c--) 722c i 3,/p -- +�../ isa---,- - C ._z re--2,,_i_..../ �'/ , r ,o•N' ....ram 1, l ,�`-� -_ �,Z.9 -l P .. L --: ti ti Jut 1964 Cn ECEt N VED W PETITION TO THE CITY COUNCIL OF RENTON r u/TyofRFyr�N ;12 s . `F OFF \� 'le, the undersigned, hereby petition the City Council of t' ; (Vila ® °' nton to place upon the ballot of September 15, 1964, the proposed bond issue in the amount of $450,000 for the improvement and development and equipping the Lake '.!ash- ington Beach property. 'le deem it necessary and desirable in the interest of the public, and for the benefit and welfare of the citizens of the City of Renton, that the City develop as expeditiously as possible a major waterfront park of approximately twenty-one acres to include provisions for boat launching, a public swimming beach, picnic areas with kitchens, adequate parking, play areas, dressing rooms, etc. NAME ADDRESS I. iz; d- 3 32425 '9 522 ti a gITYOfEOyCFI, 4PJ PETITION TO THE CITY COUNCIL OF RENTON C= iv ''e, the undersigned, hereby petition the City Council of th on to place upon the ballot of September 15, 1964, the proposed bond issue in the amount of $450,000 for the improvement and development and equipping the Lake !!ash- ington Beach property. 'le deem it necessary and desirable in the interest of the public, and for the benefit and welfare of the citizens of the City of Renton, that the City develop as expeditiously as possible a major waterfront park of approximately twenty-one acres to include provisions for boat launching, a public swimming beach, picnic areas with kitchens, adequate parking, play areas, dressing rooms, etc. NAME ADDRESS / 0 9 I" c1`Z' ieC/Vrei/ 7 GY's,fflY �� / 2fien _ ,072)4/ i // Z 7- S' ilia- �20 5 Z6N, PETITION TO THE CITY COUNCIL OF RENTON 0, R ue4( Po cm cE/r c.0 w Ye, the undersigned, hereby petition the City Council of th ` tly,/ei� U1e��° on�i. to place upon the ballot of September 15, 1964, the proposed bond is l citrutp0 amount of $450,000 for the improvement and development and equipping the Lake 1!ash- i ngton Beach property. 'le deem it necessary and desirable in the interest of the public, and for the benefit and welfare of the citizens of the City of Renton, that the City develop as expeditiously as possible a major waterfront park of approximately twenty-one acres to include provisions for boat launching, a public swimming beach, picnic areas with kitchens, adequate parking, play areas, dressing rooms, etc. AlOgf NAME ADDRESS Airl r ' !-,77---176.7-4 , / i / , ..--(2.,,,/- / , , ,/ S i.,,,,41 e 6 e e er-12. k ie-X -�,-,.elf ' t.,1,1-r ce4e-,-, 69,-3 7 So , J 1/� ac.eLize ) . -... 7/ a� / // 1/ F _ Sf. /1,44-Z-0,4, ,- 2 r� r PETITIOM TO THE CITY COUP!CIL OF REP'TOP! JUL 1964 t the undersigned, hereby petition the City Council of the tp+it f � 9 rdcz- to place upon the ballot of September 15, 1964, the proposed bond is the V amount of $450,000 for the improvement and development and equipping the Lake Wash- ington Beach property. '.1e deem it necessary and desirable in the interest of the public, and for the benefit and welfare of the citizens of the City of Renton, that the City develop as expeditiously as possible a major waterfront park of approximately twenty-one acres to include provisions for boat launching, a public swimming beach, picnic areas with kitchens, adequate parking, play areas, dressing rooms, etc. MAME ADDRESS U , 3/ - -� / " 2)-aZ --- ,4.1 SD .,orAtathn.nc. /0 � jia e / 7 7-e AtO - ( gefd 6P1‘iC ,J / 2Y 2,1 - .� ei 1 r. 2 12_ z 1 ontil5Z627ey JUL 19c,, PETITION TO THE CITY COUNCIL OF RENTON , ' RECEIVED w c_ Cayofnr .> 'r� CLERX S QFF We, the undersigned, hereby petition the City Council of )(City ofkART n to place upon the ballot of September 15, 1964, the proposed bond issue in the amount of $450,000 for the improvement and development and equipping the Lake Wash- ington Beach property. We deem it necessary and desirable in the interest of the public, and for the benefit and welfare of the citizens of the City of Renton, that the City develop as expeditiously as possible a major waterfront park of approximately twenty-one acres to include provisions for boat launching, a public swimming beach, picnic areas with kitchens, adequate parking, play areas, dressing rooms, etc. NAME ADDRESS YLe-- -\ oZ / 7 / G-tAA-L S 0 M 1JUL PETITIOM TO THE CITY COUNCIL OE RENTON. /964 O CRECEI VEp W Ye, the undersigned, hereby petition the City Council of teCr-ITY ' ' �' nt Sc GFFJCF tia to place upon the ballot of September 15, 1964, the proposed bon +4474.ffl ii amount of $450,000 for the improvement and development and equipping the Lake Wash- ington Beach property. 'le deem it necessary and desirable in the interest of the public, and for the benefit and welfare of the citizens of the City of Renton, that the City develop as expeditiously as possible a major waterfront park of approximately twenty-one acres to include provisions for boat launching, a public swimming beach, picnic areas with kitchens, adequate parking, play areas, dressing rooms, etc. MAME ADDRESS / • ,31- zfi3 , C1(1,1Y Aa(etus:, 611t0-y)-1.--2,1 /-.?J NEIL F 1)t- i�526 2 `Y,,jo PETITION TO THE CITY COUNCIL OF RENTON ^R' JU o; o L 1" 4 ry RECEI1/kD W le, the undersigned, hereby petition the City Council of th i t�i"} rf roaorn c, to place upon the ballot of September 15, 1964, the proposed bond i iniAWEcleley� amount of $450,000 for the improvement and development and equipping the—t cl akash i ngton Beach property. '.Je deem it necessary and desirable in the interest of the public, and for the benefit and welfare of the citizens of the City of Renton, that the City develop as expeditiously as possible a major waterfront park of approximately twenty-one acres to include provisions for boat launching, a public swimming beach, picnic areas with kitchens, adequate parking, play areas, dressing rooms, etc. NAME ADDRESS 1 AIL cY PETITI©M TO THE CITY COUNCIL 0r REP'.TH cj, JUL 796 4 le, the undersigned, hereby petition the City Council cf erg c ` y,. sT Ron ZrF,�z- to place upon the ballot of September 15, 1964, the proposed c04 issue finest e Cia amount of $4550,000 for the improvement and development and equipping the Lake ¶!ash- ington peach property. deem it necessary and desirable in the interest of the public, and for the benefit and welfare of the citizens of the City of Renton, that the City develop as expeditiously as possible a major waterfront park of approximately twenty-one acres to include provisions for boat launching, a public swimming beach, picnic areas with kitchens, adequate parking, play areas, dressing rooms, etc. ..NAME ADDRESS /Ai _ /�C /� SSE // �/ �� d� 7?) -\\xi \a,,3 , c 3 54 / (6, PZ RiSe, c y y/4 ,,.0 sue. / _.� 1: //' �C ' r `' 1, l > i 1/J/ ! ✓' tt 7 5— XG �l— • o � jut 1964 PETITION TO THE CITY COUNCIL OF RENTON CE/I;LD cirr '.!►e, the undersigned, hereby petition the City Council of ti '° ` t to place upon the ballot of September 15, 1964, the proposed bond is it amount of $450,000 for the improvement and development and equipping the Lake :•!ash- ington Beach property. 'le deem it necessary and desirable in the interest of the public, and for the benefit and welfare of the citizens of the City of Renton, that the City develop as expeditiously as possible a major waterfront park of approximately twenty-one acres to include provisions for boat launching, a public swimming beach, picnic areas with kitchens, adequate parking, play areas, dressing rooms, etc. NAME ADDRESS Zi -lift 1964 t RECE/VED IN)PETITION TO THE CITY COUNCIL OF RENTON C11YofRCiEp ENTO tFICE We, the undersigned, hereby petition the City Council of the Ci /cif trlis to place upon the ballot of September 15, 1964, the proposed bond issue in the amount of $450,000 for the improvement and development and equipping the Lake Wash- ington Beach property. We deem it necessary and desirable in the interest of the public, and for the benefit and welfare of the citizens of the City of Renton, that the City develop as expeditiously as possible a major waterfront park of approximately twenty-one acres to include provisions for boat launching, a public swimming beach, picnic areas with kitchens, adequate parking, play areas, dressing rooms, etc. NAME ADDRESS a-��' 3 4 - 7�, , 6 3 y ` b ` _ 7d4:61,4 .,) fey - 1026?IZ6,9 ��`kit- �ty� CEIVEfl [N.)PETITION TO THE CITY COUNCIL OF RENTON ca w Ciry of R CLERVs JToM �i We, the undersigned, hereby petition the City Council of the of Ren to place upon the ballot of September 15, 1964, the proposed bond issue in the amount of $450,000 for the improvement and development and equipping the Lake Wash- ington Beach property. We deem it necessary and desirable in the interest of the public, and for the benefit and welfare of the citizens of the City of Renton, that the City develop as expeditiously as possible a major waterfront park of approximately twenty-one acres to include provisions for boat launching, a public swimming beach, picnic areas with kitchens, adequate parking, play areas, dressing rooms, etc. NAME ADDRESS c.37 -3-iz rzbet,,_„ _ 7r.,.&J7t) ��?3 eL)0 37 ' '-'#4,y_dija `NI WI - - � ��z� ✓�� -.�7v� 1 4 l t.j, JUL 1sc9� 4 N PETITION TO THE CITY COUNCIL OF RENTON RECEIVED co C1 i Y of REP-jON 'e, the undersigned, hereby petition the City Council of th l 1 y laT l Qnv to place upon the ballot of September 15, 1964, the proposed bond iss amount of $450,000 for the improvement and development and equipping the Lake Wash- ington Beach property. '.!e deem it necessary and desi rable in the interest of the public, and for the benefit and welfare of the citizens of the City of Renton, that the City develop as expeditiously as possible a major waterfront park of approximately twenty-one acres to include provisions for boat launching, a public swimming beach, picnic areas with kitchens, adequate parking, play areas, dressing rooms, etc. !'NAME ADDRESS a/tk-tt L_I 7:Ce.y--t_' -elet 2t,a/ -71.1 FF /-9_ 14$ / (p:/iii, ilt44,_, ,), _.. /4'c 5 . (f, N_,,,L, eci,409 C. 04'1-2- /p v// S e / c_ .gle gc,/=Ji_ S `' c? 5 / t ,..1 /-7---f — --) Y AL ---, . _ /702 - //I 5 , eil-47.1...- SO e )-(1 -kr.6 ‘ ,---L-z-4 /11, ._ JUL ,0P4 I CREcEIUED c,� YOf��.j. -F� PETITION TO THE CITY COUNCIL OF RE!!TOt �..., R S0 "�Qli , '� l t ''e the undersigned, herebypetition the City Council of the City�• on 9 9 to place upon the ballot of September 15, 1964, the proposed bond issue in the amount of $450,000 for the improvement and development and equipping the Lake `•!ash- ington Beach property. '.1e deem it necessary and desirable in the interest of the public, and for the benefit and welfare of the citizens of the City of Renton, that the City develop as expeditiously as possible a major waterfront park of approximately twenty-one acres to include provisions for boat launching, a public swimming beach, picnic areas with kitchens, adequate parking, play areas, dressing rooms, etc. NAME ADDRESS VA.:— .:94 -1e34' -- -7c--" 45- 44. A..) . /721-m‘24/7, '' f/e/1e/f , ': ka„4, Zela/e....14-7er. 40/ 414/Yu-A4/ &) --z-tez(_?jt.,,e„,41.A.Z4 76 (Iv vex "kx . /,‘,Le.o , ;?, •,(4,4,e,:a) /...5//7 �� ,so , — ,..,... a: }_,et,f?,2_0 A--- e I 41 47,1 ei _44, . „ 0 _ -7.7 . ,14./14, / +4 ti4i,A J J ?3 n _,4°,19 ._6t / ii,,,t, ��/G '• -2Z� /!/ ,6 1 ,Se-----,4-0,--4, ,o _{fir Z.,,,27.„,, , _....„, /g40g Aya‘4.,.. Qp - 3.J2-4, (-Y)11-. A fy .L----- /Val ° .,i- e l ‘- 7 , 61/r &to, / ,z 7 /4/ ,�(' 'l7/ / e,is�� O ?6ZI28 a 'Inki9E4 PETITION TO THE CITY COUNCIL OF RENTON cis REG Da QED W a CDT* Ye, the undersigned, hereby petition the City Council ofv �'� ,t �n to place upon the ballot of September 15, 1964, the proposed bonduOde amount of $450,000 for the improvement and development and equipping the Lake '!ash- ington Beach property. 'le deem it necessary and desirable in the interest of the public, and for the benefit and welfare of the citizens of the City of Renton, that the City develop as expeditiously as possible a major waterfront park of approximately twenty-one acres to include provisions for boat launching, a public swimming beach, picnic areas with kitchens, adequate parking, play areas, dressing rooms, etc. NAME ADDRESS t.-04,j a • I. , i.,2.0 ep.e,...... k?„........17-7A ___ /Li (126._,:zoct_7 (i)-1.c.,0„.,,J..7_40._. ,56rY I .a,_' )7_ _ __,e_.-- -( Ttriu:c1-77/ 7 t_a -/)?/4VENdeill A,y 5&,,-..„, ec-ptc-,,te„,„/„„, ,,,,, _ L,-.6e o'A*)21), ;_4,,,Z4-L Via- ! s s i 7z-o -2 -111./: ' s!\r/i- L P-9 i 4 `27,/,t-ir,11 aaVri--/ -C, ,2 J? .;, 2 6-- — ii._/, X. /646t 7/1A.,- , 4-/LezZL- „7/ ., /,e-ytty _z5€ c4Fc9,s7 ---, ---W:-2,-,c )/1,6 4,e...,e.e (7 dam-` .P (-4.....- ,g,,,.....,,,t , J )14--6ir u C-e--- —_. :2-,1.4,24_,,,,,, �,, .e ? X C.e 1-.f' _Di -• Ve..t.t______t_i_0 1�ti 5-( 1 :1--- /)-ent--, (L — le-1219-YL) Az„,,, ,Th. s ue . pis- ...� �`1_. W.:9 . A- .. u(1" I 64 RECEIVED CM/of hi:- �1� U' PETITION TO THE CITY COUNCIL OF RENTON r- cko,, S OFFICE 4., ._*V3, N !..►e, the undersigned, hereby petition the City Council of the City of to place upon the ballot of September 15, 1964, the proposed bond issue in the amount of $450,000 for the improvement and development and equipping the Lake !!ash- ington Beach property. Ile deem it necessary and desirable in the interest of the public, and for the benefit and welfare of the citizens of the City of Renton, that the City develop as expeditiously as possible a major waterfront park of approximately twenty-one acres to include provisions for boat launching, a public swimming beach, picnic areas with kitchens, adequate parking, play areas, dressing rooms, etc. NAME ADDRESS TRANSMIT TO JIM GAY: Amended ita �„�� ,, Certified copy of Ord. #3399 000 Minutes showing adoption of ,, // Ord. #3399 y/ 4) Affidavit of Publication of Ord. #3399 3 io 4,Affidavit of Mailing of Notice of Bond Sale to the State Finance Committee Affidavit of publication of the official notice of bond sale (after the 4 publications) Affidavit of Publication of Ord. #3404 ::: seattle-northwest securities corporation 500 Union Street / Seattle, Washington 98101 / (206) 628-2882 April 15, 1980 City Finance Director City Hall 200 Mill Avenue South pnton, Washington r $6,000,000 City of Renton, Washington Unlimited Tax G.O. Park Bonds and to bear coupons as follows: per annum for bonds maturing in the years " to / , inclusive; ,9 % per annum for bonds maturing in the years to , inclusive; 7 % per annum for bonds maturing in the years 7777 to , inclusive; % per annum for bonds maturing in the years to inclusive; per annum for bonds maturing in the years to , inclusive; p % per annum for bonds maturing in the years / - to/ , inclusive; % per annum for bonds maturing in the years to inclusive; 76-% per annum for bonds maturing in the years 7770777to, , inclusive; % per annum for bonds maturing in the years to , inclusive; % per annum for bonds maturing in the years to , inclusive; % per annum for bonds maturing in the years to , inclusive; % per annum for bonds maturing in the years to , inclusive; WE 'WILL PAY YOU /pn„p0 per $100.00 plus accrued interest from date of issue to date of delivery of the bonds. The following is for information only: Gross interest cost [�� 17/4//, / /J, 067 Less premium —Zd`xL. Plus discount Net interest cost (0 f'-;i1,1). Average rate Sl� This bid is for prompt acceptance and for delivery o i the bonds on or before May 30, 1980 and is made subject to the terms and provisions of your official Notice of Sale. It is also subject to the unqualified approving legal opinion of Roberts, Shefelman, Lawrence, Gay & Moch which we request to be printed on the bonds. To evidence our good faith we enclose ourcashiers check for $300,000.00 pectfully submitted, ACCEPTED: eph L. Mangan, Vice Presidenf Jt. SEATTLE-NORTHWEST SECURITIES CORP. , Manager The Northern Trust Company, Jt. Manager Dated and Associates IN ASSOCIATION WITH: Rainier National Bank, Jt. Manager Merrill Lynch White Weld Capital Mkts,Jt. Manager First National Bank of Chicago, Jt. Manager and Associates. SEATTLB•FIAST NATIONAL BANK BANK INVESTMEN' DIVISION City Finance Director Office of the City Finance Director April 15, 1980 City Hall 200 Mill Avenue South Renton, Washington For $6,000,000 CITY OF RENTON, WASHINGTON UNLIMITED TAX GENERAL OBLIGATION BONDS, 1980 SERIES E and to bear coupons as follows: 9.70 7. per annum for bonds maturing in the years 1982 to 1986 , inclusive; 9.50 7. per annum for bonds maturing in the years 1987 to 1990 , inclusive; 7.70 7. per annum for bonds maturing in the years 1991 to , inclusive; 7.80 7. per annum for bonds maturing in the years 1992 to , inclusive; 7.90 7. per annum for bonds maturing in the years 1993 to , inclusive; 8.00 1994 2000 7. per annum for bonds maturing in the years to , inclusive; 7. per annum for bonds maturing in the years to , inclusive; 7. per annum for bonds maturing in the years to , inclusive; 7. per annum for bonds maturing in the years to , inclusive; 7. per annum for bonds maturing in the years to , inclusive; 7. per annum for bonds maturing in the years to , inclusive; 7. per annum for bonds maturing in the years to , inclusive; 7. per annum for bonds maturing in the years to , inclusive; per annum for bonds maturing in the years to , inclusive; 7. per annum for bonds maturing in the years to , inclusive; per annum for bonds maturing in the years to , inclusive; 7. per annum for bonds maturing in the years to , inclusive; 7. per annum for bonds maturing in the years to , inclusive; 7. per annum for bonds maturing in the years to , inclusive; WE WILL PAY YOU 100.00 per $100.00 plus accrued interest from date of issue to date of delivery of the bonds. The following is for information only: Gross interest cost 6,541 ,465 Less premium -0- Plus discount -0- Net interest cost 6,5/1 ,465 Average rate 8.19/22 This Bid is for prompt acceptance and for delivery of the bonds on or before May 30, 1980 and is made subject to the terms and provisions of your official Notice of Sale. It is also subject to the unqualified approving legal opinion of Roberts, Shefelman, Lawrence, Gay & Moch, bond counsel of Seattle, Washington, which we request to be printed on the bonds. To evidence our good faith .we enclose our cashier's check for $300,000. Respectfully submitted, rd L. Heck Assistant Vice President ACCEPTED: SEATTLE-F LRST NATIONAL BANK pee T 6F- �efiGt N 6'� /Dated ek aCht QCit0 Cie BS1 ( � 1 SEATTLE•FIRST NATIONAL BANK BANK INVESTMENT DIVISION City Finance Director Office of the City Finance Director April 15, 1980 City Hall 200 Mill Avenue South Renton, Washington For $6,000,000 CITY OF RENTON, WASHINGTON UNLIMITED TAX GENERAL OBLIGATION BONDS, 1980 SERIES A and to bear coupons as follows: 9.70 7. per annum for bonds maturing in the years 1982 to 1986 , inclusive; 9.50 7. per annum for bonds maturing in the years 1987 to 1990 , inclusive; 7.70 7. per annum for bonds maturing in the years 1991 to , inclusive; 7.80 7. per annum for bonds maturing in the years 1992 to , inclusive; 7� per annum for bonds maturing1993 7.90 in the years to , inclusive; 8.00 maturing 7. er annum for bonds1994 2000 p in the years to inclusive; 7. per annum for bonds maturing in the years to , inclusive; 7. per annum for bonds maturing in the years to , inclusive; 7. per annum for bonds maturing in the years to , inclusive; 7. per annum for bonds maturing in the years to , inclusive; 7. per annum for bonds maturing in the years to , inclusive; 7. per annum for bonds maturing in the years to , inclusive; 7. per annum for bonds maturing in the years to , inclusive; 7. per annum for bonds maturing in the years to , inclusive; 7. per annum for bonds maturing in the years to , inclusive; per annum for bonds maturing in the years to , inclusive; 7. per annum for bonds maturing in the years to , inclusive; 7. per annum for bonds maturing in the years to , inclusive; 7. per annum for bonds maturing in the years to , inclusive; WE WILL PAY YOU 100.00 per $100.00 plus accrued interest from date of issue to date of delivery of the bonds. The following is for information only: Gross interest cost 6,541 ,465 Less premium -0- Plus discount -0- Net interest cost 6,541 ,465 Average rate 8.19722 This Bid is for prompt acceptance and for delivery of the bonds on or before May 30, 1980 and is made subject to the terms and provisions of your official Notice of Sale. It is also subject to the unqualified approving legal opinion of Roberts, Shefelman, Lawrence, Gay & Moch, bond counsel of Seattle, Washington, which we request to be printed on the bonds. To evidence our good faith .we enclose our cashier's check for $300,000. Respectfully submitted, , 1 Gerald L. Heck Assistant Vice President ACCEPTED: SEATTLE-FIRST NATIONAL BANK Dated! U C UNITED CALIFORNIA BANK BOND DEPARTMENT • 707 WILSHIRE BOULEVARD • LOS ANGELES, CALIFORNIA•TEL. 213/614-4711 MAILING ADDRESS: BOX 3666•TERMINAL ANNEX• LOS ANGELES,CALIFORNIA 90051 City Finance Director of April 15, 1980 Renton, Washington City Hall 200 Mill Avenue South Renton, Washington Gentlemen: Re: $6, 000, 000 Par Value City of Renton, Washington Unlimited Tax General Obligation Park Bonds , 1980, Series A In accordance with your recent official notice of sale dated March 3, 1980, which notice is hereby made a part of this bid, reques ting bids on the above described bond issue, we hereby respectfully submit a bid of the par value thereof, plus a premium of $ , such bonds to bear interest as follows: Rate per Annum Maturity Rate per Annum Maturity 1. 1982 1983 1992 1984 1993 jr 1985 fa � 1994 1986 P. 1995 , .� 1987 is 1'-t) 1996 1988 1997 uJ 1989 L_ 1998 - � 1990 1999 -7. �'� 1991 7.7ry 2000 In addition to the above amount, we will pay accrued interest from the date of the bonds to the date of their delivery. Gros s interes t payable is computed to be $ c(.-- C •`-�' , with net interest payable amounting to $ 1 for a net interest cost of . / 'i' %. In the event that we are the successful bidder, we request that CUSIP numbers be printed on the back of each bond, however, the CUSIP Service Bureau charge for the as signment of said numbers shall be at our expens e. Very truly yours UNITED CALIFORNIA. BANK - MANAGER /1 C€ l C�( B t D pot & Associates 6fft ic) tle y B`yfkiat 0 Philip V. C/lan Vice Pre sident UNITED C LI RNIA BANK r� r I1\Y7®(1;1[2 (312) 621-3120 44* J u , rx John Nuveen &Co.Incorporated 209 South LaSalle Street, Chicago, Illinois 60604 City Finance Director City Hall April 15, 1980 200 Mill Avenue South Renton, Washington WE WILL PAY$ 6,000,240.00 ,plus accrued interest to date of delivery,for your legally issued Securities,to wit: $6,000,000 CITY OF RENTON, WASHINGTON, Unlimited Tax General Obligation Park Bonds, 1980, Series A, all as described in your Official Notice of Sale,bearing interest as follows: 9.50 %per annum for bonds maturing in the years 1982 to 1989 inclusive; 7.625 %per annum for bonds maturing in the years 1990 to inclusive; 7.60 %per annum for bonds maturing in the years 1991 to inclusive; 7.75 %per annum for bonds maturing in the years 1992 to ,inclusive; 7.90 %per annum for bonds maturing in the years 1993 to ,inclusive; 8.00 %per annum for bonds maturing in the years 1994 to ,inclusive; 8.10 %per annum for bonds maturing in the years 1995 to ,inclusive. Please see reverse side We understand the City reserves the right to invest our good faith deposit pending payment for the bonds, and we will not be credited for such earnings. Prior to our accepting delivery of said Securities, you agree to furnish a certified transcript of all documents and legal proceed- ings requisite to their issuance and delivery, including the signature and non-litigation certificate in customary market form, evi- dencing the legality of said Securities and the security provisions relating thereto to the satisfaction of Messrs. Roberts, Shefelman, Lawrence, Gay & Moch, Attorneys, Seattle, Washington, whose unqualified approving legal opinion in customary market form shall accompany said Securities at delivery, and said delivery shall be made to us within a reasonable period of time. To evidence our good faith, we enclose check in the amount of $ 300,000.00 . If this offer is accepted, said check shall be held by you uncashed until delivery of said Securities, but in the event of a breach by us in the performance of this contract, said check may be cashed and the proceeds retained by you as full liquidated damages for such breach, and the cashing of such check in such event shall constitute a full release and discharge of all damages. If said Bond Attorneys are unable to approve said Securities, or in the event of a breach of this contract by you, said check shall be returned to us upon demand. This bid is made for immediate acceptance or rejection and if this offer is not accepted, said good faith check shall be returned to us immediately. It is mutually understood and agreed that your acceptance of this offer and the execution thereof by your officials thereunto duly authorized,shall constitute a contract for the purchase and sale of said Securities. Respectfully submitted, For information only: JOHN NUVEEN&CO. INCORPORATED & Associates Figures as of: May 1, 1980 (Full Account - se attached) Gross Interest cost $ 6,572,862.50 Less premium 240.00 By ' �f.E r Plus discount William L. Wingader, ViceP4esident Net interest cost $ 6,572,622.50 Average rate 8.2112 Accepted for and on behalf of ,pursuant to authorization by its governing body,and receipt of the above mentioned check acknowledged,on this date, 19 • Attest: Signature Signature Official title Official title (SEAL) BONO PROFESSIONALS SIN�lGE 1898 • OFFICES: C IC G ,N YORK NO PRINCIPAL CITIES /fC' 1�Y1 CI: Cyo5IT e S 11 -QFe by GCrhoilIsedyLJ _, 8.20% per annum for bonds maturing in the year 1996 8.30% per annum for bonds maturing in the year 1997 8.40% per annum for bonds maturing in the year 1998 8.50% per annum for bonds maturing in the year 1999 7.50% per annum for bonds maturing in the year 2000 4/4 • John Nuveen &Co.lncorporated 209 South LaSalle Street,Chicago,Illinois 60604 • (312)621-3000 I I i I • $6,000,000 CITY OF RENTON, WASHINGTON Unlimited Tax General Obligation Park Bonds, 1980, Series A • JOINT ACCOUNT MEERSHIP: jj JOHN.NUVEEN & CO: INCORPORATED )Joint WWWItattaA UNTERBERG, TOWBIN)Managers Rauscher, Pierce; Refsnes, Inc. Hutchinson, Shockey, Erley & Co. Underwood Neuhaus & Co. Incorporated Merchants National Bank and Trust Company of Indianapolis. • Hanifen, Imhoff & Samford, Inc. Van Kampen.& Sauerman Inc. Becker & Cownie Inc. • Securities Corporation of Iowa Bacon, Whipple & Co. Hibbard & O'Connor Municipal Securities Inc. Rotan Mosle Inc.• , ' - 'McLiney & Co. !Prescott, Ball Turben I � • • • • • I I • • BOND PROFESSIONALS SINCE 1898 OFFICES:CHICAGO,NEW YORK AND PRINCIPAL CITIES I i � (312) 621-3120 John Nuveen &Co.Incorporated 209 South LaSalle Street, Chicago, Illinois 60604 City Finance Dilrector City Hall April 15, 1980 200 Mill Avenue, South Renton, Washington WE WILL PAY$16,000,240.00 ,plus accrued interest to date of delivery,for your legally issued Securities,to wit: $6,0001,,000 CITY OF RENTON, WASHINGTON, Unlimited Tax General Obligation Park Bonds, 1980, Series A, all as described in your Official Notice of Sale;bearing interest as follows: II 9.50 %per annum for bonds maturing in the years 1982 to 1989 inclusive; 7.625 %per annum for bonds maturing in the years 1990 to ,inclusive; 7.60 %per annum for bonds maturing in the years 1991 to ,inclusive; 7.75 %per annum for bonds maturing in the years 1992 to ,inclusive; 7.90 %per annum for bonds maturing in the years 1993 to ,inclusive; 8.00 %per annum for bonds maturing in the years 1994 to ,inclusive; 8.10 %per annum for bonds maturing in the years 1995 to ,inclusive. Please see reverse side We understand the City reserves the right to invest our good faith deposit pending payment for the bonds, and we will not be credited for such earnings. ' I ' I Prior to our accepting delivery of said Securities, you agree to furnish a certified transcript of all documents and,legal proceed- ings requisite to their issuance and delivery; including the signature and non-litigation certificate in customary market form, evi- dencing the legality of said Securities and the security provisions relating thereto to the satisfaction of Messrs. Roberts, Shefelman, Lawrence, Gay & Moch, Attorneys, Seattle, Washington, whose unqualified approving legal opinion in customary market form shall accompany said Securities at delivery, and said delivery shall be made to us within a reasonable period of time. To evidence our good faith, we enclose check in the amount of $ 300,000.00 . If this offer is accepted, said check shall be held by you uncashed until delivery of said Securities, but in the event of a breach by us in the performance of this contract, said check may be cashed and the proceeds retained by you as full liquidated damages for such breach, s and the cashing of uch check in such event shall constitute a full release and discharge of all damages. If said Bond Attorneys are unable to approve said Securities, or in the event of a breach of this contract by you, said check shall be returned to us upon demand. This bid is made for immediate acceptance or rejection and if this offer is not accepted, said good faith check shall be returned to us immediately. 1 It is mutually understood and agreed that your acceptance of this offer and the execution thereof by your officials thereunto duly authorized,shall constitute a contract for the purchase and sale of said Securities. Respectfully submitted, For information only: JOHN NUVEEN&CO. INCORPORATED & As sociates Figures as of: May 1, 1980 (Full Account - see attached) Gross Interest cost $6,572,862.50' 240.00 n�C�, Q Less premium By a� ens__ Plus discount 11 William L. Wingader,. Vice resident Net interest cost $6,572,622.50 Average rate 8.2112 Accepted for and on behalf of ,pursuant to authorization by its governing body,and receipt of the above mentioned check acknowledged,on this date, 19 Attest: Signature j Signature Official title Official title (SEAL) BOND PROFESSIONALS SINCE 1898 • OFFICES:CHICAGO,NEW YORK AND PRINCIPAL CITIES I i r 8.20% per annum for bonds maturing in the year 1996 . 8.30% per annum for bonds maturing in the year 1997 8.40% per annum for bonds maturing in the year 1998 8.50% per annum for bonds maturing in the year 1999 7.50% per annum for bonds maturing in the year 2000 i I EKIV79@lTa John Nuveen &Co.Incorporated 209 South LaSalle Street,Chicago,Illinois 60604 (312)621-3000 I I I $6,000,000 CITY OF RENTON, WASHINGTON ' Unlimited Tax General Obligation Park Bonds, 1980, Series A JOINT ACCOUNT MEMBERSHIP: JOHN.NUVEEN & CO. INCORPORATED )Joint XXXKUNUO►+r TO X UNTERBERG,• TOWBIN)Managers i I ' Rauscher, Pierce, Refsnes, Inc. Hutchinson, Shockey, Erley & Co. Underwood Neuhaus & Co. Incorporated Merchants National! Bank and Trust Company of Indianapolis Hanifen, Imhoff & 'Samford, Inca Van Kampen & Sauerman Inc. Becker & Cownie Inc. Securities Corporation of Iowa Bacon, Whipple & Co. Hibbard & O'Connor Municipal Securities Inc. R'otan Mosle Inc. 1 McLiney & Co. Prescott, Ball & Turben I I I I II I � I I � � I I I I BOND PROFESSIONALS SINCE 1898 OFFICES:CHICAGO,NEW YORK AND PRINCIPAL CITIES .,I Affidavit of Publication STATE OF WASHINGTON ss "CITY OF'RENTON COUNTY OF KING WASHINGTON ORDINANCE NO.3681 AN ORDINANCE OF THE CITY OF RENTO•N, .Aud .ey..Do a.oie being first duly sworn on WASHINGTON, PROVID- ING FOR APPROPRIA- TION AND TRANSFER OF , oath,deposes and says that she..is the -,.QrA71,fif..-.01.01% of FUNDS ' THE DAILY RECORD CHRONICLE a newspaperpublished six(6)times a WHEREAS the City of Renton, Washington, has week.That said newspaper is a legal newspaper and it is now and has been I heretofore received unanti- for more than six months prior to the date of publication referred to, !cipated revenues in excess printed and published in the English language continually as a newspaper of estimated"revenues for published four(4)times a week in Kent,King County,Washington,and it is now and during all of said time was printed in•an office maintained at the d' . aforesaid place of publication of said newspaper.That the Daily Record I the calendar year 1982;and I Chronicle has been approved as a legal newspaper by order of the Superior WHEREAS it is necessary ' Court of the County in which it is published,to-wit,King County, !and advisable to appropriate !and transfer such funds into Washington.That the annexed is a .14a. 3683,... land such pp opriationunds be- I ing necessary and in the 1 public interest and for the 7 'public benefit, NOW THEREFORE as it was published in regular issues(and THE CITY COUNCIL OF ' THE CITY not in supplement form of said newspaper) once each issue for a period OF RENT OR; WASHINGTON, DO OR- , II DAIN AS FOLLOWS: SECTION I:The Director of consecutive issues,commencing on the ! of Finance is hereby au- 1 I thorized and directed to pro- vide for the following ap- day of ,19.... and ending the propriation and transfer: , 82 8 h -November ' I FROM: Excess Revenue ! (Unappropriated Fund be- ! lance),$800,000.00 ,qq,�3,day of gi,,�, ,19.8 ., both dates I UNTO: Coulon Beach iadit F9e, and that such n�icAymP S regularly distributed to its sub- Construction Fund,Account scribers during all of said period. That the full amount of the fee 315/000/20.533.50.65.24, $800,000.00 SECTION II: This Ordi- I charged for the foregoing publication is the sum of $. which ! nance shall be effective up- has been paid in full at the rate of per folio of one hundr v✓b as for the on its passage,approval and first insertion and per folio of one hundred words for each subsequent five days after its,publica- insertion- tion. ... PASSED BY THE CITY �COUNCIL this 22nd day of November, 1982- I Maxine Motor I Acting City Clerk ...Clater*'ca'erk I APPROVED BY"THE MAYOR this 22nd day of Subscribed ands sworn to before me this 30.tia day of November, 1982. 'Barbara Y.Shinpoch I Mayor Td'ovf3f13bQ,Z, , 19„8 , Approved as to form: !Lawrence J.Warren • i City Attorney - I Published in the Daily Re- Notary Public in a or the State of Washington, icord Chronicle, November esiding at Kent, King County. I,26, 1982. R8327, i —Passed by the-Legislature,1955,known as Senate Bill 281,effective June 9th, 1955. —Western Union Telegraph Co. rules for counting words and figures, adopted by the newspapers of the State. I I 1 VN#87 Revised 5/82 Ii Affidavit of Publication STATE OF WASHINGTON ss THEREFORE;;9ii.. _� ; COUNTY OF KING 'THE,.,CIlYY:;COUN,ClL OFF THE 'CITY °OF RENTONfa WASHINGTON DO OR- DAIN AS FOLLOWS: SECTION I: The Director A.ud1?f9y .De Joi a being first duly sworn on j of Finance is hereby au thorized and directed to pro- oath,deposes and says that..r he is the ....G'C].;I., l..clerk of vide for the following ap- propriation and transfer: THE DAILY RECORD CHRONICLE,a newspaper published six(6)times a FROM: week.That said newspaper is a legal newspaper and it is now and has been I Excess Revenue/Lake for more than six months prior to the date of publication referred to, ; Washington printed and published in the English language continually as a newspaper i Beach Forward Thrust published four(4)times a week in Kent,King County,Washington,and it is Fund $2,314.30 now and during all of said time was printed in an office maintained at the UNTO: aforesaid place of publication of said newspaper.That the Daily Record lake Washington Beach Chronicle has been approved as a legal newspaper by order of the Superior Forward Court of the County in which it is published,to-wit,King County, Thrust Fund a/c 305/0Washington.That the annexed is a... . .9 (Improvements 0/20.533.50.63.00 dred.ri.tlxeL l'sfl 6.5b (Impro Other than Bldgs) $2,314.30 SECTION II: this ordi- nance shall be effective up- __ _ on its passage,approval and as it was published in regular issues(and five days after its publics not in supplement form of said newspaper) once each issue for a period / lion. I PASSED BY THE CITY II CITY OF COUNCIL this 23rd day of RENTON,WASHINGTON August, 1982. of 1 consecutive issues,commencing on the ORDINANCE NO.3656 Maxine Motor t AN ORDINANCE OF THE Acting City Clerk (CITY OF RENTON, APPROVED BY THE 2.7 th...day of s;.ucus.t ,19 B.2,and ending the i WASHINGTON PROVID-. MAYOR this 23rd day of ING FOR APPROPRIA- August, 1982. TION AND TRANSFER OF Earl Clymer ,y FUNDS Mayor Pro-tern 7.(;hdayof 1�1LLif3.r ,19 $f,both dates WHEREAS the City of Approved as to form: inclusive, and that such newspaper was regularly distributed to its sub- Renton, Washington, has Lawrence J.Warren scribers during all of said period. That the full amount of the fee (•heretofore received unanti- •City Attorney cipated revenues in excess Publish d(ln.,th®,Daily Re- ed for the foregoing of estimated revenues for cord Chtohicle,"August�29 , charged g g publication is the sum of $ .,.QQ which the • calendar year1982;and 1982. R8 88' .r,fr has been paid in full at the rate of per folio of one hundred words for the WHEREAS it is necessary first insertion and per folio of one hundred words for each subsequent and advisable to appropriate insertion. and transfer Such funds into the belowmentioned funds and sbe- necessary appropriation ing necessaryry and the in public interest and for the 0.1 i public benefit, NOW Subscribed and sworn to before me this c�tU'i%t! day of ....August , 19.P.2.. y7 N ,:ztez, otary Public in and fo a State of Washington, 'residing a�t$ cpt, King County. � —Passed by the Legislature,1955,known as Senate Bill 281,effective June 9th, 1955. • —Western Union Telegraph Co. rules for counting words and figures, adopted by the newspapers of the State. VN#87 Revised 5/82 Renton City Council May 2, 1983 Page Five OLD BUSINESS continued Human Rights , to the city's ordinance to insure the state commission's ' Commission cooperation. The Committee will retain this topic for further (continued) review and report to the Council . Upon inquiry, Mayor Shinpoch advised that all members of the city's Human Rights Commission have been requested to continue serving until Council take'es action on the matter. ORDINANCES AND RESOLUTIONS, Ways and Means Ways and Means Committee Chairman Clymer presented a report Committee recommending the following ordinances for first reading: Thomas Property An ordinance was read annexing Thomas Property to the City 9f Annexation Renton, located contiguous to the southeast boundary of the city limits and to the Cedar River and across the river from Maplewood Addition. 410VED BY CLYMER, SECONDED BY HUGHES, I THIS MATTER BE REFERRED BACK TO COMMITTEE FOR ONE WEEK. CARRIED. Fund Transfer An ordinance was read providing for appropriation and transfer for Coulon' of funds in the amount of $734,339.84 from Unappropriated Fund Beach Park Balance' Coulon Beach Construction Fund unto Coulon Beach Construction Fund. MOVED BY CLYMER, SECONDED BY HUGHES, THIS MATTER BE REFERRED BACK TO COMMITTEE FOR ONE WEEK. CARRIED. ;, • Subdivision An ordinance was read amending the Subdivision Ordinance relating Ordinance to application and approvals. MOVED .BY CLYMER, SECONDED BY HUGHES, Amendments THIS MATTER BE REFERRED BACK TO COMMITTEE FOR ONE WEEK. Upon inquiry, City Attorney Warren outlined notification requirements for public hearings, noting conformance with state law. Adminis- trative Assistant Parness advised SB-3019 which would have expanded notification requirements is dead in Legislature. MOTI ON-lCARR I ED. Ways and Means Committee Chairman Clymer presented a report' recommending the following resolutions for reading and adoption: Resolution #2504 A resolution was read declaring the intention 'of the City of LID 326 Renton 'to construct and install left turn lanes in the vicinity of NE 4th Street between Union Avenue N.E. and Monroe Avenue N.E. and toicreate a Local Improvement District No. 326 to assess the cost and expense of said improvement against the properties in such district specifically benefited thereby; and set a public hearing date. MOVED BY. CLYMER, SECONDED BY HUGHES, COUNCIL ADOPT THE RESOLUTION AS PRESENTED. Public Works Director Richard Houghton advised over 5.0% of owners of frontage 'have signed'a petition in support of the improvement; explained lengthy procedures to prepare for public hearing; and indicated, his cooperation in an earlier hearing date if Council desires. MOTIONICARRIED. MOVED BY STREDICKE; SECONDED BY REED, LID 326 PUBLIC HEARING BE SET FOR JUNE 13, 1983. CARRIED. Resolution #2505 A resolution was read approving final plat for One Valley Place One Valley Place Properties (FP-018-83) , located south of Valley General Hospital Final Plat and southwest of the intersection of Talbot Road South and FP-018-83 S.W. 43rd Street. MOVED BY CLYMER, SECONDED BY HUGHES, COUNCIL ADOPT THE RESOLUTION AS READ. CARRIED.. Councilman Stredicke requested his "no" vote be recorded. Cheever Street' Ways and Means Committee Chairman Clymer presented a report Vacation recommending concurrence in the Public Works Director's VAC-07-82 recommendation to set the value at 18 per square. foot on the Cheever Street Vacation (VAC-07-82) , and the petitionersl'be notified of the amount owing with payment due 90 days from notice,. MOVED BY CLYMER, SECONDED BY HUGHES, COUNCIL CONCUR IN THE RECOMMENDATION OF THE WAYS AND MEANS COMMITTEE. Public Works Director Houghton explained compromise reached on appraisals. MOTION CARRIED. i General Ways and Means Committee Chairman Clymer presented a report Obligation recommending the matter of Limited and Unlimited General ; Bonds Obligation Bond refunding be referred to Ways and Means Committee. MOVED BY CLYMER, SECONDED BY HUGHES, THIS MATTER BE REFERRED TO WAYS AND MEANS COMMITTEE. CARRIED. , '`ienton City Council i1ay 2, 1983 lage S i x EW BUSINESS Birthday congratulations were extended to Councilman Reed. DMINISTRATIVE Mayor Shinpoch announced Batallion Chief Bruce Phillips, a EPORT finalist in the selection process for Fire Chief, has withdrawn. ire Chief Announcement of the position replacement is expected by May 6th. election Mayor Shinpoch advised a decision has not yet been made on the rth End Bus location of Metro's north end bus base. Due to citizen use for Metro objections, the base has been reduced in size from ,400 to 225 stalls; the school district is opposed to the proposed Aurora site; a site in Lynnwood is under consideration; and the fact that ridership is down does not lessen the need foil a base in the north end. Employment Mayor Shinpoch announced one million dollars in federal funds raining for have been apportioned to the Employment Training Consortium R fugees through King County for employment of refugees; furids are not to. be used to teach English as a second language. 1 1 H D Funds HUD funds from a Federal Emergency Jobs Bill grant have been received in the amount of $1 ,800,000 for King County and $700,000 to be divided among consortium cities. Pie Community Services Committee will be meeting with the citizens committee to discuss the matter. T eatre Mayor Shinpoch reported licensing on 3/2/83 of the Roxy Licensing Theatre to Galaxy Theatres and the Renton Theatre to Playtime, Inc. Suburban Mayors Suburban Mayors Meeting will be held at Andy 's Diner at 6:30 p.m. Meting on May 4, 1983. I M seum Open Renton Historical Society has scheduled an open house at the Huse Mill Street museum on Tuesday, May 3rd, for all third graders in Renton. Playtime, Inc. City Attorney Warren advised receipt of an order from Judge Court Case McGovern denying Playtime, Inc. 's request to alter for amend . the prior judgment in the court case, and denying the request for a stay pending appeal . The next step in the process for Playtime, Inc. would be appeal to the Ninth Circuit Court. A DIENCE COMMENT John Hargrove, 105 Wells Avenue N. , addressed the Council W111s Avenue regarding the Wells Street Bridge. He advised that none of ' Blidge over 100 neighbors he personally contacted favor any change to the bridge due to concerns regarding potential increases in traffic volumes and speeds in •the North Renton areal. The current configuration of Wells Avenue N. is two-lane, one- way street, and cars presently race each other down' Wells to reach the stop sign on N. 3rd Street. He suggested accommodating residential concerns by creating a one-lane, one-way street and maintaining the speed limit at 25 mph, or creating a median to minimize speeds and volumes. He also noted that because of limited front yard setbacks, widening the street is undesirable. Cclntinued Council discussion was held regarding the need for a public I hearing on the matter of the Wells Street Bridge, and it was reported that notice has been published giving citizens until May 30th to request a public hearing on the matter.; MOVED BY STREDICKE, SECONDED BY REED, A PUBLIC HEARING BE SET FOR MAY 23, 1983 TO DISCUSS WELLS AVENUE BRIDGE AND ENVIRONMENTAL IMPACT STATEMENT. CARRIED. A summary hand-out of the proposal was requested to be available for Council members and the public. ADJOURNMENT MOVED BY STREDICKE, SECONLED BY ROCKHILL, COUNCIL ADJOURN. Ti e: 10: 14 p.m. CARRIED. -i-.)a r--.e e--,r-e.-.' e>27-0- 4-2 MAXINE E. MOTOR, City Clerk 1 WAYS AND MEANS COMMITTEE 1 COMMITTEE REPORT MAY 2, 1983 I I � ORDINANCES AND RESOLUTIONS ! The Ways and Means Committee recommends the following ordinances for first reading: Thomas Property Annexation Fund Transfer toiCoulon Beach Construction Fund Subdivision Ordinance The Ways and Means Committee recommends the following resolutions for reading and adoption: ;Construction of Left Turn Lanes on N.E. 4th Street One Valley Place& Final Plat CHEEVER STREET VACATION (VAC 07-82) ' The Way'salnd Means Committee recommends concurrence in the Public Works Director's recommendation to set the value at 18 per sq. ft. and that the petitioners, Dr. Fisher and Mr. Cheevers, be notified of the amount owing with payment due 90 !days from notice. 0/ ! I �ZSz ��is-t� GENERAL OBLIGATION BOND REFUNDING � I The Ways and Means Committee recommends that the matter of Limited and Unlimited General Obligation Bond Refunding be referred to the Ways and Means Committee. ?J7A. 1.. .CS_C; '—I Earl Clymer, Chan I ' / ' .1.a,y� C I r i I Richard Stredicke JQ 21, Ro Hy'ghes I • I � I ! ' I � I Renton City Council November 22, 1982 F Page 4 ORDINANCES AND RESOLUTIONS continued First Reading The Ways and Means Committee recommended the following ordinances for first reading: Parking & Loading An ordinance was read amending portions of Section 4-2204 of the Ordinance re Common Parking and Loading Ordinance, Title IV (Building Regulations) of Curb Cuts Ordinance No. 1628 relating to parking areas, joint use driveways, and common curb cuts in commercial , not residential zones. MOVED BY STREDICKE, SECONDED BY ROCKHILL, THIS MATTER BE REFERRED BACK TO COMMITTEE FOR TWO WEEKS. CARRIED. Coulon Beach An ordinance was read for appropriation and transfer of $800,i000 Construction from Unanticipated Revenue Account unto Coulon Beach Construction Fund. Transfer Fund. MOVED BY STREDICKE, SECONDED BY HUGHES, COUNCIL SUSPEND THE RULES AND ADVANCE THIS ITEM TO SECOND AND FINAL READING. ' Chairman Stredicke advised advancement necessary since next regular meeting will not be held until December 6, 1982, November 29, 1982 being a fifth Monday and Council meeting not scheduled. MOTION CARRIED. I i I Coulon Beach An ordinance was read for appropriation and transfer of $800,000 Construction from Unanticipated Revenue Account unto Coulon Beach Construction FJJji Transfer Fund. MOVED BY STREDICKE, SECONDED BY HUGHES, COUNCIL ADOPT; Ordinance #3681 ORDINANCE AS PRESENTED. ROLL CALL. ALL AYES. CARRIED. New Year's An ordinance was read amending a portion of Section 1-801 of Title I Day Holiday (Administrative) of Ordinance No. 1628 relating to Legal Holidays to recognize Monday, January 3, 1983 as New Year's Day holiday. MOVED BY STREDICKE, SECONDED BY HUGHES, THIS MATTER BE REFERRED BACK TO COMMITTEE FOR TWO WEEKS. CARRIED. Voucher Approval Ways and Means Committee Chairman Stredicke recommended approval of Vouchers 42742 through 42959 in the amount of $813,338.27 having received departmental certification that merchandise and/or services have been received or rendered. Vouchers 42737 through 42741 machine voided. MOVED BY STREDICKE, SECONDED BY CLYMER, COUNCIL CONCUR IN APPROVAL OF VOUCHERS. CARRIED. Chairman Stredicke advised that the total amount does not include appropriation and transfer of $800,000 in funds for Gene Coulon Park construction, but does include purchase la Renton Area Multi-services Building, payment to' ColucciojConstruction in connection with Coulon Beach Park construction, and payment to an attorney other than the City Attorney for services rendered. 1 Legal Fees Addressing the latter payment, Councilman Stredicke questioned the legal fee. Mayor Shinpoch explained that another attorney was retained to represent the city in a suit filed by a former Renton police officer who had been represented by the City Attorney in the past. Due to objection by the officer's attorney in the current lawsuit, the City Attorney's office had disqualified itself from the case and another attorney was retained. NEW BUSINESS Council President Clymer announced that Monday, November 29, 1982 Fifth Monday is the fifth Monday of the month, and no City Council meeting will I( be held. Councilman ,' Councilman Stredicke requested the Administration provide the following Request for information for the budget hearing on November 23, 1982: expenditures Information p for legal services; impact of reducing cost of living increases to non-represented employees to 4.6%; review of amusement tax' for assessment of video games and music machines, and survey of other cities' ,tax of these items; and cost estimates for replacement of carpeting in Main Library. ADMINISTRATIVE Mayor Shinpoch announced a Mortgage Burning Ceremony to retire the REPORT Municipal Building debt will be held on Wednesday, December 1 , 1982 I i I Renton City Council November 15, 1982 Page 2 CONSENT AGENDA continued 1983, on Monday, January 3, 1983 which would equalize the number of holidays to 12 for both 1982 and 1983, thereby meeting intent of ordinance abd labor agreements. Refer to Ways and Means Committee for appropriate legislation. Coulon Beach Parks and Recreation Department requested appropriation of $800,000 Park into the 1982 Construction Budget for Coulon Beach Park to finish Appropriation ontracts 112 and #3. Refer to Ways and Means Committee for ordinance. 1981 State City Clerk reported receipt of Fifty-fifth Examination for the Audit City of Renton by the Office of the State Auditor for the period January 1 , 1981 through December 31 , 1981 . For information only. Claim for Claim for damages was filed by Leanne L. •Conn in the amount of Damages $44.98 for alleged improper confiscation of vehicle license plates CL 56-82 in November, 1982. Refer to City Attorney and Insurance Carrier. Claim for Claim for damages was filed by Earl Bierman in the amount of $183.26 Damages for sewage backup into his basement in November, 1982. Refer to CL 55-82 City Attorney and Insurance Carrier. Renton Aviation Public Works/Airport Departments requested approval of new lease Lease Agreement agreement for Renton Aviation to provide storage for aircraft float units removed from aircraft during winter months. Refer to Aviation Committee. (See later Council action, Aviation Committee report. ) Thomas Property Policy Development Department requested public hearing be set for Annexation December 13, 1982 to review proposed Thomas Property Annexation, property recently acquired by the Parks and Recreation Department targeted for future development as an extension of the Cedar River Trail . Council concur. Consent Agenda MOVED BY CLYMER, SECONDED BY ROCKHILL, COUNCIL ADOPT THE CONSENT Approved AGENDA AS PRESENTED. Referencing consent agenda item 5.a. , letter Councilman from Boundary Review Board regarding public hearing for Cascade Stredicke man Sewer District annexation, Councilman Stredicke indicated concern Comments regarding irregularity of southern city boundary and necessity for policy statement to ensure continued sewer service to property on both sides of Talbot Road South. Citing item 5.g. , Public Works/ Aviation Departments request approval of lease agreement for Renton Aviation, Councilman Stredicke objected to basing lease amounts at the airport on an item basis rather than on the basis of square footage. MOTION CARRIED. OLD BUSINESS Public Safety Public Safety Committee Chairman Hughes presented a report Committee recommending revisions to the Parking and Loading Ordinance to Amendment to comply with existing Uniform Fire Code regulations (Section Parking and 4-2204-15; Fire Lanes) . Also recommended was referral to the Loading Ways and Means Committee for preparation of ordinance amendments. Ordinance MOVED BY HUGHES, SECONDED BY MATHEWS, CONCUR IN THE RECOMMENDATION OF THE PUBLIC SAFETY COMMITTEE. CARRIED. Sign Code Councilman Stredicke spoke against Sign Code Ordinance revisions Violations adopted on November 1 , 1982, noted recent receipt of complaints of real estate sign violations, and advised intent to provide Council members with photographs of signs in violation of the ordinance as well as ongoing status reports. Mayor Shinpoch stated that complaints may be filed with a real estate industry representative, name and telephone number on file in Mayor's office. Community Community Services Committee Chairman Reed recommended concurrence Services in the Renton Merchants' Association request to operate a limited Comma tee . .t - 16 • For Use By City Clerk's Office Only A. I . # (1 AGENDA ITEM RENTON CITY COUNCIL MEETING SUBMITTING Dept./Div./Bd./Comm. Parks & Recreation Department For Agenda Of November 15, 1982 John E. Webley (Meeting Date) Staff Contact � (Name) (235-2560) Agenda Status: SUBJECT: Coulon;Beach Park Construction Fund Consent X Public Hearing 1 Correspondence Ordinance/Resolution X Old Business Exhibits: (Legal Descr. , Maps, Etc. )Attach New Business Study Session A. Other B. • C Approval : Legal Dept . Yes No N/A COUNCIL ACTION RECOMMENDED: Finance Dept. Yes X No. N/A Appropriation Ordinance - Refer to Other Clearance Ways and Means Committee FISCAL IMPACT: Expenditure Required $800,000 Amount •$ Appropriation- $ 800,000 Budgeted Transfer Required SUMMARY (Background, information, prior action and effect of implementation) (Attach additional pages if necessary. ) Appropriation of $800,000 into the 1982 Construction Budget for Coulon Beach Park to 'finish contracts #2 and #3. PARTIES OF RECORD/INTERESTED CITIZENS, TO BE CONTACTED: tee, Renton, Ci y Council 2/22/82 age 2 Audience Comment - Continued Continued Golf Course, and of similar significance is Panther Creek Wetland Wetlana Property east ofHhe Valley Freeway. ) As interim recommendation thlle Policy Relocation - Development letter suggested that any property or real value Value Retention obtained from the Renton wetlands locations should be retained for wetland acquisition purposes; and further recommended that until such time as the Council has adopted a formal policy', re the retention or acquisition of wetlands within the Valley area, the dollar value of the wetlands should be preserved for future wetland ,acquisition at alternate locations or the preservation and enhancement of the existing wetland location. Discussion ensued; Clemens explained the area in question refers to City's wetland 20 acres adjacent to Burlington Northern property. Stredicke explained the realignment of SW 27th St. at the north of the City's wetland property and the ordinance ordering condemnation for the roadway which will consist of half private property and half City wetland property. Stredicke expressed concern that an equal por- tion oflwetland property be retained at that location or traded for other wetlands property before SW 27th deeds executed. U,pon, in- quiry Clemens projected Planning Commission recommendation by end of year re wetland property relocation/value retention. Upon fur- ther inquiry Public Works Director Houghton explained need for LID No' 3 4 proceeding with realignment of SW 27th St. in :connection with LID. MOVED BY STREDICKE, SECOND REED, AUTHORIZE THE MAYOR AND CITY CLERK TO EXECUTE DEEDS FOR 45 FT. RIGHT-OF-WAY FOR SW 27th STREET; ALSO THAT AN EQUAL PORTION OF WETLAND PROPERTY BE RETAINED AT THE OTHER SIDE OF WETLAND AREA; OR AN EQUAL VALUE SUM OF MONEY BE PLACED IN THE WETLANDS FUND FOR THE ROADWAY (EQUAL TO THE VALUE OF THE 45 FT. ROADWAY RIGHT-OF-WAY TO THE NORTH) . MOTION CARRIED. CONSENT AGENDA The following items are adopted by one motion which follow's ;the business matters included: Lake Washington Letter from Roberts and Shefelman, James Gay, Bonding Counsel , Coulon Mer1rorial recommended adoption of an ordinance providing for the issuance Beach Park bond!, and sale of $1 ,825,000 General Obligation Park Bonds for 1982. • Refer to the Ways and Means Committee. (See later Ordinance. ) Proposed Alley A petition was filed by Ruby Davidson, et al, proposing vacation Vacation of an alley located between Burnett and Park Ave. N, N 33rd St. Kennydale and N 32rd St. , Block 16 CD Hillman's Lk Wash. Garden of Eden. VAC-03',82 Refer to the Public Works Department for validation of petition, Davidson, et al the Board of Public Works for appraisal and easement retention, the Ways and Means Committee for resolution setting public hear- ' ing 4/5/182. (See later Resolution.) Street Vacation A petition was filed by H. C. Grohs proposing vacation of a por- Portion NW 4th tion of NW 4th St. (formerly known as S 128th St. or as Haverhill VAC-0442 Street) NH Latimer's Lk Wash Plat. Refer to the Public Works H. C. Grohs Department for validation of petition, the Board of PublicIWorks for appraisal and utility easement retention, the Ways and' Means • Committee for resolution setting public hearing 4/12/i&2. Proposed Vacation A petition was filed by James and Beverly Cooks proposing vacation Government Lot of Government Lot No. 1.1 located at the intersection of SWISunset VAC-05-82 Blvd. and Hardie Ave. SW. Refer to the Public Works Department James Cooks for validation of petition, the Board of Public Works for appraisal and easement retention, the Ways and Means Committee for resolution setting public hearing 4/19/82. Also refer to the Transportation Committee for feasibility. • Appeal CU 98-81 An appeal has been filed by Pacific Computer Leasing, Inc, of Pacific Computer Hearing ,Examiner's decision of 1/26/82 which recommended denial Leasing, Inc. of a Conditional Use Permit CU 098-81 to allow use of a condo- minium unit in R-4 zone for professional office (computer leasing) . Refer to the Planning and Development Committee. Claims for Claim for Damages was filed by Farmers Insurance Group, P.01. Box Damages' 88888, Seattle, for William Blagg in amount of $3,3235.32, vehicle damage; alleges damage caused by City vehicle that turned without signaling. Refer to City Attorney and Insurance Carrier. `;.• RENTON CITY COUNCIL Regular Meeting Feb1uary 22 , 1982 Municipal Building Mon• ay , 8 : 00 P . M . Council Chambers MINUTES CALL TO ORDER Mayor Barbara Y. Shinpoch led the Pledge of Allegiance to the flag and called the meeting of the Renton City Council Ito order. ROLL CALL OF EARL H. CLYMER, Council President; ROBERT J. HUGHES, RANDALL COUN' IL MEMBERS ROCKHILL, RICHARD M. STREDICKE, JOHN W. REED. NANCY L.; MATHEWS. Absent: Thomas W. Trimm. MOVED BY STREDICKE, SECOND REED, COUNCIL EXCUSE ABSENT COUNCILMAN TRIMM. , CARRIED. CITY OFFICIALS BARBARA Y. SHINPOCH, Mayor; DANIEL KELLOGG, Assistant City Attorney; IN ' TENDANCE DEL MEAD, City Clerk; MICHAEL PARNESS, Administrative Assistant; CAPT. JAMES BOURASA, Police Department; DAVID CLEMENS, ,Policy Development Director; RICHARD:C. HOUGHTON, Public Works1Director; W. E. BENNETT, Acting Finance Director; JOHN WEBLEY, Parks and Recreation. Director; JOHN McFARLAND, Personnel Director. PRE'S GREG ANDERSON, Renton Record Chronicle MIN TE APPROVAL MOVED BY CLYMER, SECOND ROCKHILL, ADOPT THE COUNCIL MINUTES OF FEBRUARY 8, 1982 AS PRESENTED. CARRIED. APPsINTMENT Mayor Shinpoch expressed thanks and commended Police Civil Service AND ELCOME Commission Members present: Ben Richardson, Norma Cugini and Mary Poli ' e Chief Lou Gustine, along with Commission Secretary Diane Bates. Mayor Shinpoch introduced Alan Wallis and announced his appoint- ment to the position of Chief of Police effective 3/_15/82. Council Members asked questions of Mr. Wallis on various subjects ranging from his present Police Force position in Simi Valley, California, to goals. andproposed participatory management. Mayor Shinpoch introduced Renton Police Officers present. MOVED BY STREDICKE, SECOND CLYMER, COUNCIL CONCUR IN MAYOR'S APPOINTMENT • Rec-.s OF POLICE CHIEF WALLIS. CARRIED. MOVED BY CLYMER, SECOND BY STREDICKE, COUNCIL RECESS TO WELCOME MR.AND MRS. WALLIS. CARRIED. Time: 8: 15 p.m. Coffee and cookies were served, compliments of the City Clerk and Council Secretary. Council reconvened at 8:35 p.m. and all Council Members as previously shown were present at Roll Call . AUDIENCE COMMENT Duane .Rood, 12696 SE 169th St. , called attention to dangerous Danglirous turn situati•gn at intersection of Puget Drive and Benson Road; Intersection yield sign across the street from Mobile Station for cars Puget Dr./ Benson coming up the hill on Benson making right turn onto Puget Drive. Rood noted need for turn lane. Public Works Director Houghton explained the intersection of Puget Drive and Benson is under contract for widening, new signals, channelization with R.W. Scott Construction; project commences within 15 days. Rood explained traffic does not slow to make the right turn and is dangerous. The Public Works Director noted the matter would be investigated. I Wetland Property Sylvia Langdon, 312 SW Langston Road, Green River Valley Study Rel .' ation/Value Group, favored wetland property value rentention, calling atten- Ret= tion tion to need for Planning Commission review. MOVED BYIREED, SECOND STREDICKE, SUSPEND RULES AND ADVANCE TO AGENDA ITEM 7.a. CARRIED. Letter from Policy Development Director Clemens re- called Council request of the Planning Commission for Considera- tion of the Wetland Study prepared by the Planning Department during early 1981 , one subject being the retention or valuation of the City's wetland area. The letter noted that pending the Commission's recommendation, other items should be considered. The wetlands have considerable value as natural habitat, as well as for possible trading for other properties of similar habitat value. (As noted in Wetland Study: most significant wetland habi- tat value is Black River Riparian Forest, north of Earlington ' I I ! Renton City Council 2/22/82 IPa•e 5 Old Busines - Continued - Utilities Committee - Continued Solid Waste the Current Fund/Garbage Account, Referral to Ways and Means Management 'lan Committee requested for drafting ordinance. The report also recom- Continued mended the Public Works Department submit a proposal to the Utilities Committeejfor improvements to the Renton Transfer Station, funding from Referendum 39, Capital Improvement monies - Puget Sound Coun- cil of Government (PSCOG) . MOVED BY MATHEWS, SECOND STREDICKE„ CON- CUR IN COMMITTEE REPORT. CARRIED. � ' I Deak LCAG Utilities Committee report recommended Council concur with the Public Works Department to approve granting of the Dr. Deak Late- comer's Agreement in the amount of $19,340 for a period of tem years. The Mayor and City Clerk are authorized to sign agreement. MOVED BY MATHEWS, SECOND STREDICKE, CONCUR IN COMMITTEE REPORT. CARRIED. Utility Portion The committee report noted review of the Six Year Capital Improve- 6-Year Capital ment Program - Utilities and recommended the Public Works Dept. Improvement Pgm. prepare a list of the prioritized projects and their current sl!tatus. Information only, no action required. Councilman Reed examined the committee report attachment: Prlopiosed Public Wo'-ks Projects in Prioritized Order and questioned lighting replacement of 155 luminaires (5 year program) , asking re decorative lighting in CBD. Houghton explained 155 luminaires are repl'acment in downtown, but not decorative street lighting but the high sodium vapor lights. ORDINANCES AND RESOLUTIONS Ways and Me, ns Ways and Means Committee Chairman Stredicke presented ordinane for Committee second and final readings (first reading 2/8/82) which amendedl (Ordinance #3611 the fee schedules of Title IV Building Regulations and Title, IIX Number Reserved) Public Ways and Property of the City Code, by adding annexation filing fees and lot line adjustment fees. • Annexation filing fee: Ordinance #3612 $200 for 10% petition and $300 for 75% petition (Resolution 2429) . Filing Fee Following reading, it was MOVED BY STREDICKE, SECOND HUGHES, •COUNCIL Annexations and ADOPT THE RESOLUTION. Councilman Stredicke questioned same fee for Lot Line'. single lot annexation as numerous parcel annexation; Rockhillpoted Adjustments intent to encourage large annexations. Upon inquiry, Policy Ievelop- ment Director Clemens noted the filing fee covers basic cite costs for processing annexation. ROLL CALL: 5-AYE: CLYMER, HUGHES, ROCKHILL, REED, MATHEWS; ONE NO: STREDICKE. CARRIED. • First Reading The Ways and Means Committee recommended first reading for anordi- nance providing for appropriation and transfer of $36, 188.87 from Cumulative Reserve Fund 3278 Unemployment Compensation to Unemploy- ment Compensation Fund #608. MOVED BY STREDICKE, SECOND CLYMER, REFER THEI ORDINANCE BACK TO THE WAYS AND MEANS COMMITTEE FOR ONE WEEK. CARRIED. First Reading The committee recommended first reading of an ordinance authorizing acquisition of property by condemnation in Superior Court for 'the construction/installation of sanitary sewers, water mains, curbs, etc. in the vicinity of East Valley _Hwy and SW 16th St. , LID #314. Following reading, MOVED BY STREDICKE, SECOND ROCKHILL REFER ORDI- NANCE BACK TO THE COMMITTEE FOR ONE WEEK. CARRIED. Ordinance •3613 Ways and Means Committee Chairman Stredicke presented an ordinance Gene Coulon for first reading suspension of rules advance to second and Memorial B-ach final readings and adoption. The ordinance provides for issuance; Park Bonds specifies maturities and terms of $1 ,825,000 General Obligation Park Bonds 1982, authorized by voters at a special election, pursuant to Ordinance No. 3336, amended by Ordinance 3350. Following first reading, it was MOVED BY STREDICKE, SECOND HUGHES, COUNCIL SUSPEND RULES AND ADVANCE ORDINANCE TO SECOND AND FINAL READINGS. CARRIED. City Clerk Mead read ordinance. • MOVED BY STREDICKE, SECOND HUGHES, ADOPT THE ORDINANCE AS READ. ROLL CALL: IjALL AYES. CARRIED. I ' ;.. • Renton City Council 2/22/82 Page 6 Ordinances and Resolutions - Continued - Ways and Means Committee - Continued Resolution #2437 The committee recommended reading and adoption of a resolution • Propo °ed Alley setting the date of 5, April 1982 for public hearing on proposed Vacation VAC 3-82 vacation of alley located between Burnett Ave. N and Park Ave. N Kenny ale and N 32nd St. and N 33rd St. ; petition filed by Davidsoh; VAC 3-82. Following reading, it was MOVED BY STREDICKE, SECOND ROCKHILL, RESOLUTION BE ADOPTED AS PRESENTED. CARRIED. Voucher Approval Ways and Means Committee recommended approval of Vouchers,s #38132 through #38404 in the amount of $982,967.72 having receibed depart- mental certification as to receipt of merchandise/services. Approval includes LID #314 Revenue Warrant R-11 $13,725.80; LID }/317 Revenu- I Warrant R-7 $23,051 .61 and LID #320 Revenue Warrant No. R-1 $1 ,340. (Machine Voids: #38127 - #38131 ) . MOVED BY STREDICKE, SECOND BY CLYMER, APPROVE VOUCHERS FOR PAYMENT. CARRIED. The committee report recommended withdrawal of request of Personnel Director for amending legislation for Finance Director position, noting present ordinance reflects desired amendment. Stredicke inquired as to date ordinances first codified and process of up- dating to maintain current status. City Clerk Mead explained the Master Code Book is available for departments to check heir books, that ordinances first codified in 1957, recodification Underway, • scheduled for 1982 completion; new Code Books to be issJed. NEW BJSINESS Councilman Clymer called attention to Public Hearing 2/2I5/82 Special Special Meeting Meeting re land use regulations for adult motion pictures, 7:30 p.m. Execu ive Session Council Chambers. Clymer requested an Executive Session be held following regular meeting to discuss pending litigation. Garbage Contract Councilman Stredicke noted new garbage contract limits he number Increases limited of times collection fees can be increased to once per year and to One per Year estimated higher costs claiming King County raises dump fees with- out prior notice and often mid-year. Stredicke urged o tion for contract to allow increase. Finance and Public Works co ments invited. ADMINISTRATIVE Mayor Shinpoch commended Clark Peterson, noting presentation of REPORT certificate of merit from the Vocational Technical Institute for his service to students. Mayor Shinpoch spoke to 60 first grade students about the City functions such as clean water, police, parks, etc. The Mayor dis- tributed drawings from the class , noting her enjoyment of the ques- tions asked, such as "Do you know where Lola, montana is?" Mayor Shinpoch noted Councilwoman Mathews and City. Clerk Mead would be addressing Kennydale School girls in Mayor's absence. National Cities Mayor Shinpoch announced she would be leaving Thursday to attend Conference the National Cities Conference in Washington, D.C. Council Presi- dent Clymer also attending following Council 's Public H aring 2/25. i presented letter to state overnmeHt officials HB 1014 Opposed Councilman Stredicke p t g requesting denial of support of HB 1014 and work for passage of sales tax increase without the requirement to prohibit system development fees and limit utility taxes. The letter explained fairness of systems development fees. MOVED BY STREDICKE, •SECOND REED, LETTER BECOME OFFICIAL COUNCIL STAND AND AUTHORIZE SENDING. CARRIED. . Executive Session MOVED BY STREDICKE, SECOND CLYMER, COUNCIL RECESS TO EXECUTIVE _ SESSION. CARRIED. 10:45 P.M. Council reconvened in regular session. All Council Members were -present at Roll Call MOVED BY ADJOU'NMENT CLYMER, SECOND STREDICKE, MEETING ADJOURN. CARRIED. 11 :00 P.M. • • ,l:� tC.-e W.<`< Delores A. Mead, C.M. City Clerk Renton City Council 2/22/82 Page 5 Old Business, - Continued - Utilities Committee - Continued Solid Waste the Current Fund/Garbage Account, Referral to Ways and Means Management Plan Committee requested for drafting ordinance. The report also recom- Continued mended the Public Works Department submit a proposal to the Utilities Committee for improvements to the Renton Transfer Station, funding from Referendum 39, Capital Improvement monies - Puget Sound C'oun- cil of Government (PSCOG) . MOVED BY MATHEWS, SECOND STREDICKE,I CON- CUR IN COMMITTEE REPORT. CARRIED. 1 , Deak LCAG Utilities Committee report recommended Council concur with the Public Works' Department to approve granting of the Dr. Deak Late, comer' s Agreement in the amount of $19,340 for a period of ten 'years. The Mayor and City Clerk are authorized to sign agreement. MOVED BY MATHEWS, SECOND STREDICKE, CONCUR IN COMMITTEE REPORT. CARRIED. Utility Portion The committee report noted review of the Six Year Capital Improve- 6-Year Capital ment Program - Utilities and recommended the Public Works Dept; Improvement Pgm. prepare a lilst of the prioritized projects and their current status. Information 'only, no action required. Councilman Reed examined the committee report attachment: Proposed Public Works Projects in Prioritized Order and questioned lighting replacement !of 155 luminaires (5 year program) , asking re decorative lighting inICBD. Houghton explained 155 luminaires are replacement in downtown, but not decorative street lighting but the high sodium vapor lights, , i ORDINANCES' AND RESOLUTIONS i Ways and Means Ways and Means Committee Chairman Stredicke presented ordinance 'for Committee second and final readings (first reading 2/8/82) which amended ! (Ordinance #3611 the fee schedules of Title IV Building Regulations and Title IX Number Reserved) Public Waysi and Property of the City Code, by adding annexation . filing feesi and lot line adjustment fees. Annexation filing fee: Ordinance #3612 $200 for loo petition and $300 for 75% petition (Resolution 2429) . Filing Fee Following reading, it was MOVED BY STREDICKE, SECOND HUGHES, COUNCIL Annexations and ADOPT THE RESOLUTION Councilman Stredicke questioned same fee; for Lot Line single lot annexation as numerous parcel annexation; Rockhill! noted Adjustments intent to encourage large annexations. Upon inquiry, Policy •Develop- ment Director Clemens noted the filing fee covers basic city costs ' for processing annexation. ROLL CALL: 5-AYE: CLYMER, HUGHES, RO;CKHILL, • REED, MATHEWS; ONE NO: STREDICKE. CARRIED. I i First Reading The Ways and Means Committee recommended first reading for an ordi- nance providing for appropriation and transfer of $36,188.87 Irom CumulativeI Reserve Fund 3278 Unemployment Compensation to Unemploy- ment Compensation Fund #608. MOVED BY STREDICKE, SECOND CLYMER, REFER THE ORDINANCE BACK TO THE WAYS AND MEANS COMMITTEE FOR1ONE WEEK. CARRIED. , First Reading The committee recommended first reading of an ordinance authorizing • acquisition of property by condemnation in Superior Court for the , construction/installation of sanitary sewers, water mains, curbs , etc. in the vicinity of East Valley Hwy and SW 16th St. , LID; #314. Following reading, MOVED BY STREDICKE, SECOND ROCKHILL REFER, ORDI- NANCE BACK TO THE COMMITTEE FOR ONE WEEK. CARRIED. • Ordinance #3613 , Ways and Means Committee Chairman Stredicke presented an ordinance Gene Coulon for firstlreadin . suspension of rules advance to second and Memorial Beach final readings and adoption. The ordinance provides for is'su'ance; Park Bonds , specifies' maturities and terms of $1 ,825,000 General Obligatiio1n Park Bonds 1982, authorized by voters at a special election,, pursuant to Ordinance No. 3336, amended by Ordinance 3350. Following, first reading, it was MOVED BY STREDICKE, SECOND HUGHES, COUNCIL SUSPEND RULES AND ADVANCE ORDINANCE TO SECOND AND FINAL READINGS.' CARRIED. City Clerk Mead read ordinance. • MOVEDIBY STREDICKE', SECOND HUGHES, ADOPT THE ORDINANCE AS READ. ROLL CALL: ALL AYES., CARRIED. I , j I ;- . , Rnton City' Council 2 '22/82 Page 6 0Idinances and Resolutions - Continued - Ways and Means Committee - Continued R solution #2437 The committee recommended reading and adoption of a resolution P oposed Alley setting the date of 5, April 1982 for public hearing on proposed V '1cation VAC 3-82..vacation of alley located between Burnett Ave. N and' Park Ave. N K 'Innydale and N 32nd St. and N 33rd St. ; petition filed by Davidson; VAC 3-82. Following reading, it was MOVED BY STREDICKE, SECOND, ROCKHILL, RESOLUTION BE ADOPTED AS PRESENTED. CARRIED. VoJcher Approval . Ways and Means Committee recommended approval of Vouchers #38132 through #38404 in the amount of $982,967.72 having received depart- mental certification as to receipt of merchandise/services. Approval includes LID #314 Revenue Warrant R-11 $13,725.80; LID #317 Revenu- Warrant R-7 $23,051 .61 and LID #320 Revenue Warrant No. R-1 $1 ,340. (Machine Voids : #38127 - #38131 ) . MOVED BY STREDICKE, SECOND BY CLYMER, APPROVE VOUCHERS FOR PAYMENT. CARRIED. The committee report recommended withdrawal of requestt of Personnel Director for amending legislation for Finance Director position, noting present ordinance reflects desired amendment. Stredicke inquired as to date ordinances first codified and process of up- dating to maintain current status. City Clerk Mead explained the Master Code Book is available for departments to check their books , that ordinances first codified in 1957, recodificatioln underway, scheduled for 1982 completion; new Code Books to be issued. NEW BUSINESS Councilman Clymer called attention to Public Hearing 2/25/82 Special Special Meeting Meeting re land use regulations for adult motion pictures, 7:30 p.m. Ex cutive Session Council Chambers. Clymer requested an Executive Session be held following regular meeting to discuss pending litigation. 1 Ga bage Contract Councilman Stredicke noted new garbage contract limits the number In greases limited of times collection fees can be increased to once per1year and to Once per Year estimated higher costs claiming King County raises dump fees with- out prior notice and often mid-year. Stredicke urged option for contract to allow increase. Finance and Public Works comments invited. ADMINISTRATIVE Mayor Shinpoch commended Clark Peterson, noting presentation of REP ,RT certificate of merit from the Vocational Technical Institute for his service to students. Mayor Shinpoch spoke to 60 first grade students about the City functions such as clean water, police, parks , etc. The Mayor dis- tributed drawings from the class , noting her enjoyment of the ques- tions asked, such as "Do you know where Lola, montana is?" Mayor Shinpoch noted Councilwoman Mathews and City. Clelrk Mead would be addressing Kennydale School girls in Mayor's absence. Nat 'onal Cities Mayor Shinpoch announced she would be leaving Thursday to attend Conference the National Cities Conference in Washington, D.C. Co ncil Presi- dent Clymer also attending following Council ' s Public IIearing 2/25. HB 1014 Opposed Councilman Stredicke presented letter to state government officials requesting denial of support of HB 1014 and work for passage of I sales tax increase without the requirement to prohibitlsystem 1 development fees and limit utility taxes. The letter explained I fairness of systems development fees. MOVED BY STREDICKE, •SECOND REED, LETTER BECOME OFFICIAL COUNCIL STAND AND AUTHORIZE SENDING . CARRIED. 1 Executive Session MOVED BY STREDICKE, SECOND CLYMER, COUNCIL RECESS TO EXECUTIVE SESSION. CARRIED. 10:45 P.M. Council reconvened in regular session. All Council Members were .present at Roll Ca1111. MOVED BY ADJOJRNMENT CLYMER, SECOND STREDICKE, MEETING ADJOURN. CARRIED. 11 :00 P.M. Delores A. Mead, C.M. City Clerk ,I ram ' 7---- ROBERTS & SHEFELMAN (ROBERTS, SHEFELMAN, LAWRENCE, GAY & MOCH) COUNSEL I 4100 SEAFIRST FIFTH AVENUE PLAZA OF COUNSEL HAROLD S. SHEFELMAN WILLIAM N. APPF.L 800 FIFTH AVENUE ROGER W. DUBROCK• JAMES GAY ROGER L. HUDSON• SEATTLE, WASHINGTON 98104 - ROBERT G. MOCK DAVID B. BUKEY RETIRED GEORGE M. MACK BLAIR B. BURROUGHS VICTOR D. LAWRENCE BRIAN L. COMSTOCK LINDA R. RADOFF (206) 622-1818 TELEX 32-1032 JAMES C. HARPER TIMOTHY R. CLIFFORD PAUL W. KOVAL• TELECOPIER - (206) 624-2666 LEE R. VOORHEES, JR. KAREN S. WATTS JAMES P. WF.TF.R (1877-1959) DAVID B. SWEENEY JUDITH A. SHULMAN F. M. ROBERTS (1880•1973) WILLIAM G. TONKIN WIALTER T. FEATHERLY III• February 16 , 1982 DAVID A. BENNETT MICHAEL H. RORICK ROBERT H. CAMPBELL AMY H. GALLAGHER ANCHORAGE OFFICE ROBERT G. MULLENDORE•• ROSEMARY P. HAFFNER• SUITE 1500 ' GARY N. ACKERMAN DEAN E. JOHNSON 2550 DENALI STREET ROGER A. MYKLEBUST MICHAEL D. KUNTZ �u T)1Q/02/� ANCHORAGE, ALASKA-1358 99503 DIANE D. KENNY EDWIN D. RAUZI 1 JL (907) 270-1358 JON W. MACLEOD E.IILY C. VRIEZE � �� TELECOPIER - (907) 272-8332 PAUL L. AHERN, JR. BENNET A. MCCONAUGHY _ I} n TERESA V. BIGELOW OkIl�(� • • ALASKA BAR •• ALASKA AND WASHINGTON BARS JJ rt CJ ALL OTHERS WASHINGTON BAR ONLY (.7 f'�� y Ms. Delores A. Mead �U� G��. t ' City Clerk �� { City Hall s9 5`�• 200 Mi11Avenue South Renton, Washington 98055 I Re: j $1, 825, 000 "General Obligation Park Bonds , 1982" I Dear Del: Enclosed for your February 22 Council meeting are an original and four copies of an ordinance providing for the issuance and sale of the above bonds . This ordinance has been reviewed and approved by Dick Kennedy as your financial consultant. As stated in George Mack 's letter of February 11 to Mr. Parness , if the Legislature passes substitute Senate Bill 4728 with the "Renton Amendment" as a part of it before the scheduled bond sale date of March 22, we will be furnishing you with an amendatory ordinance to take out the qualifying language in Section 2 of the ordinance to make the bonds pure unlimited tax general obligations . After the ordinance has been passed at your February 22 Councillmeeting, I should appreciate your returning one certified copy together with certified excerpts from .the •minutes of your Council meeting showing the passage of the ordinance and an affidavit of publication of the ordinance after it has been published. I am also enclosing an original and four copies of the long form Notice of Bond Sale which should be published in your official City newspaper for four consecutive weekly issues prior to the A. ., 1 c r. 1 • Ms . Delores A. Mead Februaryi16 , 1982 Page 2 March 22 sale date. If your official newspaper is published on a Thursday of each week, this would mean that the notice should be published on February 25, March 4 , 11 and 18 . The publication of the ordinance should also take place at the same time as the first publication of the Notice of Bond Sale. One copy of the Notice of Bond Sale should be mailed to the office of the State Finance Committee, State Treasurer' s office, Legislative Building, Olympia, Washington, at least three weeks prior to the sale date. I am also enclosing an original and four copies of a short form Notice of Bond Sale which should be published once approximately ten days to two weeks prior to the March 22 sale date in the "Seattle Daily Journal of Commerce and Northwest Construction Record. j' If you would like me to arrange for this publication for you, please let me know and I will be pleased to make such arrange- ment. 1 I After the official Notice of Bond Sale has been published for four times, I should appreciate your sending me an affidavit of publication. I will also need an affidavit of mailing of a copy of the official Notice of Bond Sale to the State Finance Committlee. If you have any questions concerning any of the foregoing requirements, please do not hesitate to telephone me. 1 I1am now back in the office and will soon be working up to full time although presently am just on a part-time basis . I am feeling fine and my recovery from the surgery seems to be going along very nicely. 1 With kindest personal regards, ROBERTS & SHEFELMAN I 1 By a s Gay JG/mlc Enclosures cc: M . W. E. Bennett Mr. Michael Parness Mr. Richard Kennedy I li • Renton City Council 2/22/82 Page Audience Comment - Continued , Continued, Golf Course, and of similar significance is Panther Creek Wetland Wetland Proper=y east of the Valley Freeway.) As interim recommendation the Policy Relocation = Development letter suggested that any property or real value Value Retention obtained from the Renton wetlands locations should be retained for wetland acquisition purposes; and further recommended that until such time as the Council has adopted a formal policy re the retention or acquisition of wetlands within the Valley area, the dollar value of the wetlands should be preserved for future wetland acquisition at alternate locations or the preservation , and' enhancement of the existing wetland location. Discussion ensued; Clemens explained the area in question refers to City's wetland 20 acres adjacent to Burlington Northern property. Stredicke explained the realignment of SW 27th St. at the north of the Oty's wetland property and the ordinance ordering condemnation for the • roadway which will consist of half private property and half City wetland property. Stredicke expressed concern that an equal por- tion of wetland property be retained at that location or traded - for other wetlands property before SW 27th deeds.executed. Upon in- quiry Clemens projected Planning Commission recommendation by !,end .of year re wetland property relocation/value retention. Upon fur- • ther inquiry Public Works Director Houghton explained need for LID No. 314 proceeding with realignment of SW 27th St. in :connection with, LID. MOVED BY STREDICKE, SECOND REED, AUTHORIZE THE MAYOR AND CITY; • • CLERK TO EXECUTE DEEDS FOR 45 FT. RIGHT-OF-WAY FOR SW 27th STREET; ALSO THATAN •EQUAL PORTION OF WETLAND PROPERTY BE RETAINED ATI THE OTHER SIDE OF WETLAND AREA; OR AN EQUAL VALUE SUM OF MONEY BE I PLACED IN THE WETLANDS FUND FOR THE ROADWAY (EQUAL TO THE VALUE OF THE 45 FT. ROADWAY RIGHT-OF-WAY TO THE NORTH) . MOTION CARRIED. CONSENT AGENDA The following items are adopted by one motion which follows the Ibusiness matters included: _ Lake Washington Letter from Roberts and Shefelman, James Gay, Bonding Counsel , Coulon Memorial recommended adoption of an ordinance providing for the issuance Beach Park dond:s and sale of $1 ,825,000 General Obligation Park Bonds for 1982. I Refer to the Ways and Means, Committee. (See later Ordinance. ) i Proposed Alley A petition was filed by Ruby Davidson, et al, proposing vacation Vacation - of an alley located between Burnett and Park Ave. N, N 33rd St. Kennydal.e and N 32rd St. , Block 16 CD Hillman 's Lk Wash. Garden of Eden. VAC-03-82 Refer to the Public Works Department for validation of petition, Davidson, et al the Board of Public Works for appraisal and easement reteritiion,, the Ways and Means Committee for resolution setting public hear- ing 4/5/82. (See later Resolution. ) i Street Vacation A petition was filed by H. C. Grohs proposing vacation of a por- PortioniNW 4th tion of NW 4th St. (formerly known as S 128th St. or as, Haverhill VAC-04-82 Street) N• H Latimer's Lk Wash Plat. Refer to the Public Works H. C. Grohs Department for validation of petition, the Board of Public Works for appraisal and utility easement retention, the Ways and Means Committee for resolution setting public hearing 4/12/&2. • Proposed Vacation A petition was filed by James and Beverly Cooks proposing vacation Government Lot of Government Lot No. 1.1 located at the intersection of SW 'Sunset VAC-05-82 Blvd. and Hardie Ave. SW. Refer to the Public Works Department James Cooks • for validation of petition, the Board of Public Works for appraisal and easement retention, the Ways and Means Committee for resolution i setting public hearing 4/19/82. Also refer to the Transportation Committee for feasibility. I Appeal l 'CU 98-81 An ap peal ppeal has been filed by Pacific Computer Leasing, Inc. ' of Pacific Computer Hearing Examiner's decision of 1/26/82 which recommended denial Leasing, Inc. of a Conditional Use Permit CU 098-81 to allow use of a condo- • minium unit in R-4 zone for professional office (computer leasing) . Refer to the Planning and Development Committee. I ' Claimsdifor Claim for Damages was filed by Farmers Insurance Group, P.O. Box Damages 88888, Seattle, for William Blagg in amount of $3,3235.32, vehicle damage; alleges damage caused by City vehicle that turned Without signaling. Refer to City Attorney and Insurance Carrier. I , RENTON CITY COUNCIL Regular Meeting February 22 , 1982 Municipal Building Monday , 8 : 00 P . M . Council ,Chambers MINUTES CALL TO ORDER Mayor Barbara Y. Shinpoch led the Pledge of Allegiance to the flag and called the meeting of the Renton City Council to order. *DLL CALL OF EARL H. CLYMER, Council President; ROBERT J. HUGHES, RANDALL IOUNCIL MEMBERS ROCKHILL, RICHARD M. STREDICKE, JOHN W. REED. NANCY L. MATHEWS. Absent: Thomas W. Trimm. MOVED BY STREDICKE, SECOND REED, COUNCIL EXCUSE ABSENT COUNCILMAN TRIMM. CARRIED. i� ITY OFFICIALS BARBARA Y. SHINPOCH, Mayor; DANIEL KELLOGG, Assistalnt City Attorney; N ATTENDANCE DEL MEAD, City Clerk; MICHAEL PARNESS, Administrative Assistant; CAPT. JAMES BOURASA, Police Department; DAVID CLEMENS, Policy Development Director; RICHARD C. HOUGHTON, Public Works Director; W. E. BENNETT, Acting Finance Director; JOHN WEBLEY, Parks and Recreation Director; JOHN McFARLAND, Personnel Director. 'lESS GREG ANDERSON, Renton Record Chronicle INUTE APPROVAL MOVED BY CLYMER, SECOND ROCKHILL, ADOPT THE COUNCIL MINUTES OF FEBRUARY 8, 1982 AS PRESENTED. CARRIED. APPOINTMENT Mayor Shinpoch expressed thanks and commended Police Civil Service AID WELCOME Commission Members present: Ben Richardson, Norma Cugini and Mary Police Chief Lou Gustine, along with Commission Secretary Diane Oates. Mayor Shinpoch introduced Alan Wallis and announced his appoint- ment to the position of Chief of Police effective 3/!5/82. Council Members asked questions of Mr. Wallis on various subjects ranging from his present Police Force position in Simi Valley, California, to goals. andproposed participatory management. Mayor Shinpoch introduced Renton Police Officers present. MOVED BY STREDICKE, SECOND CLYMER, COUNCIL CONCUR IN MAYOR' S APPOINTMENT • Re ess OF POLICE CHIEF WALLIS. CARRIED. MOVED BY CLYMER, SECOND BY STREDICKE, COUNCIL RECESS TO WELCOME MR.AND MRS. WALLIS. CARRIED. Time: 8: 15 p.m. Coffee and cookies were served, compliments of the City Clerk and Council Secretary. Council reconvened at 8:35 p.m. and all Council Members as previously shown wereIpresent at • Roll Call . AUsIIENCE COMMENT Duane •Rood, 12696 SE 169th St. , called attention to dangerous Dan!erous turn situation at intersection of Puget Drive and Benson Road; Intersection yield sign across the street from Mobile Station for cars Puget Dr./ Benson coming up the hill on Benson making right turn onto Puget Drive. Rood noted need for turn lane. Public Works Director Houghton explained the intersection of Puget Drive and Benson is under contract for widening, new signals , channelization with R.W. Scott Construction; project commences within 15 days. Rood explained traffic does not slow to make the right turn and is dangerous. The Public Works Director noted the matter would be investigated. 1 1 Wet land Property Sylvia Langdon, 312 SW Langston Road, Green River Valley Study Rel . ation/Value Group, favored wetland property value rentention, calling atten- Ret- ' tion tion to need for Planning Commission review. MOVED BY ',REED, SECOND STREDICKE, SUSPEND RULES AND ADVANCE TO AGENDA ITEM 7.a. CARRIED. . Letter from Policy Development Director Clemens re- called Council request of the Planning Commission for considera- tion of the Wetland Study prepared by the Planning Department during early 1981 , one subject being the retention or valuation of the City's wetland area. The letter noted that pending the Commission's recommendation, other items should be considered. The wetlands have considerable value as natural habitat, as well as for possible trading for other properties of similar .habitat value, (As noted in Wetland Study: most significant wetland habi- tat value is Black River Riparian Forest, north of Earliington 1J-LD . RENTON CITY COUNCIL Regular Meeging January 18 , 1982 Municipal Building. Monday b 800 P .M . Council Chamber's MINUTES CALL TO ORDER Mayor Barbara Y. Shinpoch led the Pledge of Allegiance to the flag and called the meeting of the Renton City Council to order. ROLL CALL OF EARL H. CLYMER, Council President; THOMAS W. TRIMM, NANCY L. COUNCIL "MEMBERS MATHEWS, JOHN W. REED, RICHARD M. STREDICKE, RANDALL ROCKHILL AND ROBERT J. HUGHES. CITY OFFICIALS BARBARA Y. SHINPOCH, Mayor; LAWRENCE WARREN, City Attorney;! IN ATTENDANCE DELORES A. MEAD, City Clerk; MICHAEL PARNESS, Administrative Assistant; LT. DONALD PERSSON, Police Department; BT.CF. JAMES MATTHEW, Fire Department; W. E.. BENNETT, Acting Finance Director; JOHN WEBLEY, PARKS AND RECREATION DIRECTOR. MINUTE APPROVAL MOVED BY CLYMER, SECOND ROCKHILL, APPROVE COUNCIL MINUTES OF JANUARY 11 , 1982 AS PRESENTED. CARRIED. AUDIENCE COMMENT Kathy Keolker, 532 Cedar Ave. S, called attention to newspaper article that Renton and Roxy Theaters had been purchased with Enforcement Asked intent of showing pornographic films. Mrs. Keolker asked en-, of Adult Motion forcemeat of Renton's land use ordinance prohibiting adult Picture, motion picture theaters within area of single family residences, Ordinance schools, churches and parks and noted zoning requirements exist for other activities,also. Upon inquiry, City Attorney Warren reported action will be taken if City ordinances are violated. CONSENT AGENDA The following items are adopted by one motion which followslthe business matters included: Claims for Claims for Damages were filed by the following parties: Refer Damages ' to City Attorney and Insurance Carrier. T. Speight Thomas Speight, Seattle, filed claim for damage to auto in the amount of $344.95 alleging City truck threw sand on car. J. Donahue John Donahue, Renton, filed claim in amount of $705 for damage to basement by flood, alleging failure by City to maintain proper drainage. Washington Washington Natural Gas Co.. filed claim in amount of $215.80 Natural Gas for damaged gas line at 1013 Pierce Ct. NE, alleging City laid water service directly over gas main. Washington Natural Gas Co. filed claim in amount of $303.80 for damage to gas line at 2830 Sunset Lane NE, alleging the !City laid water main over gas main. Park Bonds Letter from Acting Finance Director Bennett requested an ordinance be. prepared authorizing acceptance of bond sale for $1 ,825,000 Unlimited General Obligation Bonds for Gene Coulon Memorial IlLake Washington Beach Park. Letter from Seattle Northwest proposed bond schedule, recommended $5,000 denominations at 15% interest per annum. Refer to Ways and Means Committee. Appointment Letter from Mayor Shinpoch reappointed Versie Vaupel to the Renton Planning' Planning Commission for three-year term effective through -1/31/85. Commission Other Commission Members: Virginia Houser, Frank Jacobs, Eugene Ledbury, Paul Maxin, Michael Porter, Barbara Schellert, Joani, Walker and Anita Warren. Refer to Ways and Means Committee.; Proposed Petition for vacation of alley (located north of South Tobin Street Alley Vacation between Burnett Ave. South and Williams Ave. South) was filed, by VAC-01-82 the Salvation Army, 65 Williams S. Refer matter to the Public' Works Department for validation of petition, Board of Public Public Hearing Works re appraisal and easement retention; to Ways and MeanslCom- 71/82 miittee for resolution setting public hearing on March 1 , 1982. f E Seattle Nor West Gr.�.' SECURITIES CORPORATION SEAFIRST PIFTHIAVENUE PLAZA ' SUITE 3700 SEATTLE,WASHINGTON 08104 (208)828-2882 I January 7, 1982 Mr. George Mack Roberts & Shefelman • 4100 Seafirst Fifth Avenue Plaza Seattle, WA 98104 Re: $1,825,000 - City of Renton, Washington Unlimited Tax General Obligation Park Bonds, 1982, Series B Dear G orge: Acting I in the capacity of financial advisor to the City of Renton on the above- mentioned bond issue, we request that you prepare a bond ordinance and notice of sale fdr the January 18 council meeting. This bond issue is the remaining authorization which was approved by the voters on September 18, 1979: The first $6,000,I 00 was sold on April 15, 1980. The Bonds should be dated March 1, 1982 and be in denomination of $5,000 each with the first interest payment to be March 1, 1983. The Bonds should be callable at par on anyl interest payment date on or after March 1, 1992. The maximum effective interest rate should not exceed 15% per annum. • The coupon rates should be in multiples of 1/8 or 1/2 of 1% or both. The maximum difference between the lowest and highest coupons shall not exceed 2%. Bids on the Bonds are to be received on Monday, March 1, at 11:00 a.m. in the office of the City Clerk and will be ratified at the City Council meeting that evening. The following is the recommended maturity schedule calculated using a 13.25% rate of interest: • 3/1/84 $25,000 3/1/94 $ 85,000 3/1/85 30,000 • 3/1/95 100,000 3/1/86 35,000 3/1/96 110,000 3/1/87 35,000 3/1/97 125000 3/1/88 40,000 3/1/98 145,000 3/1/89 45,000 3/1/99 160,000 3/1/90 55,000 3/1/00 185,000 3/1/91 60,000 3/1/01 210,000 3/1/92 70,000 3/1/02 235,000 3/1/93 75,000 • Mr. George Malck Roberts & Shefelman • January 7, 19812 Page Two Please research City ordinances Nos. 3336, 3399 and 3404 as relates to amending interest rates. Additionally, please include your customary language that specifically allows the interest earnings from the bond. proceeds to remain in the Construction Fund. Very truly yours, • nic ha►d T. Kennedy Vice President RTK/lj cc: Mr. Ted Bennett • • • 1 • Renton[ City Council l/ll/82 Page 2 Consent Agenda - Continued - Appointme t Letter from Mayor Shinpoch appointed Mrs. Marge Richter, , 300 Board of Meadow Ave. N, to Position No. 4 on the Board of Adjustment to Adjustmen complete the unexpired term 'of James Dalpay who has resigned. Appointment effective to 9/6/82. Other Board Members: Position #1 Feli.x Campanella; Position #2 David M. Young; Position #3 gq Francis A. Holman; Position #5 William F. Anderson; Position #6 Kenneth Swanigan; Position #7 Barbara Lally. Refer to Ways and Means Committee. Court Case Superior Court Writ of Certiorari #81-2-17564-3 was filed by Clarkrich, Inc. vs City regarding environmental review of build- ing permit for property located at the northwest intersection of SE 6th St. and Pierce Ave: SE. Refer to City Attorney. Stirskey Holdings Letter from Hearing Examiner Fred Kaufman recommended denial of Rezone Denied rezone application R-056-81 for Stirskey Holdings; property G to B-1 located at 700 Rainier Ave. N. ; proposed three story office building. Council concur in denial . Consent Agenda MOVED BY CLYMER, SECOND ROCKHILL, ADOPT THE CONSENT AGENDA AS Approval PRESENTED. CARRIED. OLD BUSINESS Council Member Stredicke gave notice that next Monday' Council , , $1 ,825,000 Bond would be requested by bonding counsel to call for bids for, the Sale for Park final stage work approved by voters for Coulon Memorial Lake Washington Beach Park and committee to be presenting ordinance. Garbage Collection Council Member. Stredicke questioned garbage collection during the period of snow and also during the holidays. Mayor Shinpoch explained the garbage company policy of refunding up to 1%4 of month'sbilling when pick-up missed and citizen hauls own garbage; or extra bags/cans will be collected without extra fees. Stredicke urged specs reflect policy re inclement weather. CounciliPresident Clymer felt one week was too long a delay in pickup and a1burden to homeowners. MOVED BY STREDICKE, SECOND CLYMER, SUBJECT MATTER BE REFERRED TO THE ADMINISTRATION FOR REPORT BACK. CARRIED. Planning and Planning and Development Committee Chairman Rockhill presented Development committee report re allowing mobile home uses in single family Committee zones and recommended that no action be taken on the matter. Mobile/Modular MOVED BY ROCKHILL, SECOND HUGHES, CONCUR IN RECOMMENDATIOIS OF Homes THE COMMITTEE. CARRIED. Short Plat The Planning and Development Committee considered requirement of Sewer Requirements hooking up to sanitary sewers in Short Plats and recommended that Section 9-1108 (14) (c) be amended to provide major subdivilsLons with sanitary sewer installations. at no cost to the City of Renton and that also in the case of Short Plat Subdivisions, the Sub,- divi•der provide for installation of complete saniary sewer system if public sewer main if located within 200 ft. The committee' further recommended approval of septic tank and disposal field installations be conditioned upon approval by the health agencies and upon execution of covenants(running with the land). for connec- tion and payment for any later developer extensions of public sewer lines adjoining the subdivision. The report also recom- mended referral to the Ways and Means Committee for legislation. MOVED BY ROCKHILL, SECOND I1UGHES, COUNCIL -CONCUR IN THE RECOMMENDA- TION OF THE PLANNING AND DEVELOPMENT COMMITTEE. CARRIED. MOVED BY STREDICKE, SECOND HUGHES, SUBJECT OF SINGLE FAMILY INDIVIDUAL SEWER CONNECTIONS BE REFERRED TO THE PLANNING AND DEVELOPMENT COMMITTEE FOR RECOMMENDATION. CARRIED. P.U.D. Filing The Planning and Development Committee report noted consideration Specifications of Planned Unit Development filing requirements and recommended that Code Section 4-2710 be amended to include documentation , within the Preliminary PUD Plan Application. Referral to Ways and Means Committee recommended. MOVED BY ROCKHILL, SECOND BY HUGHES, COUNCIL CONCUR IN RECOMMENDATION OF PLANNING AND DEVELOP- MENT COMMITTEE. CARRIED. .I ' RENTON CITY COUNCIL Regular Meeting Ja luary 11 , 1982 Municipal Building Mo day , 8 : 00 P . M . Council Chambers MINUTES CAL TO ORDER Mayor Barbara Y. Shinpoch led the Pledge of Allegiance to the flag and called the meeting of the Renton City Council to order. ROL CALL OF EARL H. CLYMER, Council President; THOMAS W. TRIMM, NANCY L. COU CIL MEMBERS MATHEWS, RICHARD M. STREDICKE, RANDALL ROCKHILL AND ROBERT J . HUGHES. MOVED BY CLYMER, SECOND HUGHES, EXCUSE ABSENT COUNCIL MEMBER JOHN W. REED. CARRIED. CI OFFICIALS BARBARA Y. SHINPOCH, Mayor; LAWRENCE WARREN, City Attorney; IN ,'TTENDANCE DELORES A. MEAD, City Clerk; MICHAEL PARNESS, Administrative Assistant; RICHARD HOUGHTON, Public Works Director; : LT. PERSSON, Police Department. PR:i1SS Jan Hinman, Renton Record Chronicle. MI 'UTE APPROVAL MOVED BY CLYMER, SECOND STREDICKE, APPROVE COUNCIL MINUTES OF JANUARY 4, 1982 AS PRESENTED. CARRIED. AOIENCE COMMENT Joseph Thiel , 1506 South Puget Drive, asked re LID No. 322, LIie No. 322 improvements to South Puget Drive, noting his $9,580.56 assessment S. 1Puget Drive (reduced from $24,000) , that his property is only single family Imirovements residence within the improvement district, his home too small for his family, sale restricted by the L. I .D. and asked for a fair settlement. Public Works Director Houghton explained history of the LID and method of assessment, noting large apartments and condominiums had signed agreements with the city for participa- tion in the improvements, that Thiel 's property had been covenanted by previous owner at time of short platting. Houghton explained final costs are unknown until fall , construction bids will be received 1/12/82. City Attorney Warren noted Council 's right to discuss method of assessment, that Council sits as Board of Equalization at final hearing for the entire project. MOVED BY STREDICKE, SECOND CLYMER, REFER MATTER TO THE TRANSPORTATION COMMITTEE FOR STUDY AND REPORT BACK. CARRIED. S 'udents Present Mayor Shinpoch welcomed students from Lindberg High School , Mr. Little's Government Class. CONSENT AGENDA The following business matters are adopted by one motion which follows the items included. G-rbage Rates Letter from Finance Director Bennett requested amendment to Ordinance Ordinance 3522 increasing garbage collection rates effective with the January collection. Refer to Ways and Means Committee. Kng County Letter from the Executive, Personnel and Finance Departments, Medical Agreement requested review of the retroactive premium agreement with King County Medical for employee and dependent benefitIprogram. The letter explained the city would pay a 14% rate increase effective 1/1/82 and allow King County Medical to recover an additional amount according to group loss ratio at contract end. Refer to Ways and Means Committee for recommendation. • I lnd Transfer Letter from Mayor Shinpoch and Finance Director Bennett requested 'alary Increases a resolution for transfer of funds for 1982 salary and benefit increases for Local 21-R employees, Management, Supervisory and exempt employees, along with Fire Chief, and Battalion Chiefs. Refer to Ways and Means Committee. ,orrowing Funds Letter from Finance Department requested a resolution be drafted to borrow funds in the amount of $500,000 from Street Forward Thrust pending receipt of tax revenues. Refer tojWays and Means Committee. (See later resolution.) 1 • For.Use .By City Clerk''s Office Only . A. I . # ,- "°.'' AGENDA, ITEM , • RENTON CITY COUNCIL MEETING = =____ . ,i • SUBMITTING\. Dept./Div./'Bd./Comm. Finance Depa'rtmeit For Agenda Of 1/18/82 (Meeting Date) , Staff Contact. Ted. Bennett . 1! .`', . (Name) Agenda'Status: , SUBJECT: 41,825,000 Unlimited Gene) Consent X , • Obligation• Bcind4 (Cou,2on Beach) • Public Hearing Correspondence 1. , Ordinance/Resolution X Old Business - Exhibits: (Legal Descr. , Maps, Etc.)Attach: New Business -_' Study Session A.. Letter/Seattle Noxthkout Secuvr iti.e6 Other B. 'Bond ,Ondiy.ance . - . • C. . Approval : . • Legal Dept. , Yes X No N/A_ COUNCIL ACTION RECOMMENDED: Adoption OI • Finance Dept. Yes X - Ask). 1 N/A Bond Otcdd,%v�.anc� and:acceptance u�. Bond Other Clearance 'sate. FISCAL IMPACT: . Expenditure Required $ Amount $ ' Appropriation- $ . Budgeted Transfer, Required SUMMARY (Background information, prior ac.tionIand effect. of implementation) • - (Attach necessary.) PARTIES OF RECORD/INTERESTED CITIZENS TO BE CONTACTED: I . SUBMIT! THIS COPY TO CITY CLERK BY NOON ON THURSDAY WITH DOCUMENTATION. ' CITY OF RENTON, WASHINGTON ORDINANCE NO. 3582 AN ORDINANCE OF THE CITY OF RENTON, WASHINGTON,' PROVIDING FOR. APPROPRIATION AND TRANSFER OF FUNDS WHEREAS the City of Renton, Washington, has heretofore received certain funds ' from the Washington State Interagency Committee for Outdoor Recreation for construction of Gene Coulon Beach Park Phases I & II, and WHEREAS it .is ;necessary and advisable to appropriate and transfer such funds into the belowmentioned funds and such appropriation being •necessary and in the public interest and .for the public benefit, . NOW THEREFORE • 1 1 THE CITY COUNCIL OF THE CITY OF RENTON, WASHINGTON, DO . . ORDAIN 'AS FOLLOWS : 1 SECTION I : The Director of Finance is hereby authorized and directed to provide for the following appropriation and transfer: FROM: Unanticipated Revenue • $379 , 760 . 00 UNTO: Coulon Beach Construction Fund a/c 315/000/20/533 . 50. 65 . 26 (IAC Grant - Coulon Beach) $379 , 760, 00 . SECTION II: This Ordinance shall be effective upon its passage, . approval and five days after its publication. ' PASSED 1Y THE tITY COUNCIL this 2nd day of November,1981. . I De o4% e Cit Clez ! APPROVED BY THE MAYOR this 2nd day of November,1981 .I i . B aYttgu•di i• S kArt o Ch) .. . 1 Barbara Y. Shinpoch, Mayor Appr ve d as to form: . Lawrence .L Darren, City Attorney Date of Publication: November 6 , 1981 . 1 a Renton City Council 4/20/81 Page 2 Consent Agenda - Continued Appointment Letter from Mayor Shinpoch reappointing y p Human Rights and Human Rights' Affairs Commission Members for two year terms to be effective and Affairs through': April 23, 1983-Marilyn Bingaman, Barbara Lansing, and ' Albert Talley. Refer to Ways and Means Committee. Transfer of Funds Letter from Ted Bennett, Acting Finance Director, requested Coulon Beach transfer of funds from Coulon Beach Construction Fund to GO Bonds Construction Fund Redemption Fund in the amount of $466,000.00, for interest payment pending receipt of property taxes. Refer to Ways and Means Committee. Comdemnation Letter from Richard Houghton, Acting Public Works Director, SW 43rd St. requested ordinance to condemn properties on SW 43rd Street Improvement project. Joint Project Kent/Renton, East to West Valley Highway. Refer to Ways and Means Committee. (See Ord. #3533) Travel Request Letter from Fire Chief Geissler and Police Chief Darby requested authorization for Detective Kittelson (Police Dept.) and Ken Walls (Fire Dept. ) 'to attend the Northwest Fire & Arson Seminar to be held at Portland, Oregon, May 4-8, 1981 . Request for $400.00 advance travel . Council Concur. Bid Opening- City Clerk presented bid opening 4/14/81 for Gen.e Coulon Beach Gene Coulon Beach Park, Contract #2, ten bids received. Refer to Park Board. Park,Contract #2- Renton Park Board recommended award of contract to the low bidder Bid Award Frank Coluccio Construction in the total amount of $3,101 ,922. • Mayor and City Clerk authorized to sign. Council concur. Claims for Claims for Damages were filed by Washington Natural Gas Co. for Damages-Washington 1) alleged scraped 20" main at 725 S. 19th St.-cost of repairs Natural Gas Co, $44.66; 2) a11leged broken 2" main at 2700 NE 23rd St.-cost of repairs $49.86; 3) alleged gouged 4" main at 4625 Duval Ave. NE- cost of repairs $109.91 . Refer to City Attorney and Insurance Carrier. Claim for Damages- Claim for Damages filed by James A. Hamrick for alleged vehicle James Hamrick damage when he ran off the end of roadway northbound on Valley Parkway SW. Claim in the amount of $1 ,466.53. Refer to City , Attorney and ;Insurance Carrier. LID 325 Letter from Del Mead, City Clerk, presented petition for South of SW 43r roadway construction LID in. area south of SW 43rd St. and and East of SR east of SR 167, filed by D. Connell . Petition certified as 167 100%. Refer to Public Works Department for preparation of preliminary assessment roll . LID 325. Appeal Mt. Olivet An appeal has been filed by Theodore Gath, Attorney for Mt. Cemetery, Inc. Olivet Cemetery, Inc. regarding Land Use Hearing Examiner's SP-047-80 recommendation for approval with conditions of Special Permit SP-047-80 to expand cemetery. Refer to Planning and Development Committee. I Consent Agenda MOVED BY STREbICKE, SECOND ROCKHILL, TO APPROVE THE CONSENT Approval AGENDA AS PRESENTED. CARRIED. CORRESPONDENCE AND CURRENT BUSINESS i I Annexation Letter was read from Renton Chamber of Commerce requesting Guidelines Council review its existing annexation guidelines and adopt a positive annexation policy for the City per the "Sphere of Influence" already adopted. MOVED BY CLYMER, SECOND HUGHES, TO REFER MATTER TO PLANNING AND DEVELOPMENT COMMITTEE. CARRIED. MOVED BY ROCKHILL, SECOND SHANE, COUNCIL GO ON RECORD FAVORING A PHILOSOPHY OF CONTROLLED GROWTH WITH REGARD TO FURTHER ANNEXATIONS. CARRRIED. I , I ' I RENTON CITY COUNCIL Regular Meeting 'pril 20, 1981 Municipal Building onday, 8:00 P.M. Council Chambers MINUTES CALL TO ORDER. Mayor Barbara Y. Shinpoch led the Pledge of Allegiance to the flag and called the meeting of the Renton City Council to order. ROLL CALL OF RICHARD M. STREDICKE, Council President; THOMAS W. TRIMM, EARL CLYMER, COUNCIL ROBERT HUGHES, RANDALL ROCKHILL. MOVED BY STREDICKE, SECOND HUGHES, EXCUSE ABSENT COUNCILMAN JOHN REED. CARRED. Councilman Charles Shane arrived shortly. CITY OFFICIALS BARBARA Y. SHINPOCH, Mayor; LAWRENCE WARREN, City Attorney; IN ATTENDANCE DAN KELLOGG, Asst. City Attorney; MAXINE MOTOR, Deputy City Clerk, W.E. BENNETT, Acting Finance Director; JOHN WEBLEY, Parks Director; MIKE PARNESS, Administrative Assitant; DAVE CLEMENS, Acting Planning Director; DON PERSSON, Police Rep. PRESS GREG ANDERSON, Renton Record Chronicle '11NUTE APPROVAL MOVED BY STREDICKE, SECOND HUGHES, ADOPT THE MINUTES OF APRIL 13, 1981 AS WRITTEN. CARRIED. AUDIENCE COMMENT Chris Crumbaugh, PO Box 88050, Tukwila, Attorney representing Metro Sand and Gravel , requested the matter re appeal of Rainier Sand and Rainier Sand & Gravel Special Permit SP-099-80 be heard at Gravel-Special this time. MOVED BY ROCKHILL, SECOND STREDICKE,TO SUSPEND Permit SP-099-80 THE ORDER OF BUSINESS AND READ THE PLANNING AND DEVELOPMENT Appeal COMMITTEE REPORT AT THIS TIME. CARRIED. Planning and Development Committee report was read affirming decision of the Land Use Hearing Examiner dated March 3, 1981 subject to the following modifications of the conditions set forth in that' decision: a) Condition No. :1 should be modified to confirm the hours of operation to between 7:00 a.m. and 3:30 p.m. Monday through Friday; b) Condition No. 3 should be modifed to read-the submission and execution of Restrictive Covenants providing for maintenance of a holding pond with sedimentation clearing, which covenants should be perpetual and run with the land until such time as this requirement is found to be no longer necessary, or an acceptable alternative method of securing sedimentation clearing is available, which decision should be made by the Land Use Hearing Examiner of the City upon application by the land owner or other interested parties after public hearing thereon pursuant to Section 4-3010 (A) (10) ; c) Condition No. 4 should be modifed that such hold harmless agreement should also hold the City harmless from; any liability for damages sustained by persons holding water appropriation rights downstream from the subject property for interruption, diversion or any change in natural surface or subsurface drainage patterns from the subject property, and; d) Conditions No. 8 and 9 should be deleted in their entirety. Ted Gathe, 411 E. Madison, Seattle, Attorney for Mt. Olivet Cemetery; noted their concern re any change in the quality and quanity of natural spring water being interrupted to their property. MOVED BY ROCKHILL, SECOND SHANE, TO CONCUR IN THE PLANNING DEVELOPMENT COMMITTEE REPORT. CARRIED. Tiffany Park Delores Newland, 1668 Lake Youngs Way, commented on the public Public Walkway walkway in Tiffany Park and what a nuisance it hays become. (See previous letter submitted to Council April 6, 1981 . ) Lawrence Brown, 3108 SE 17th Ct. , and Vivian Sather, 1672 Lake Youngs Way, also commented on the walkway noting the problems they have encountered with vandalism and erosion of the path. The Mayor noted that the City's staff is investigating the problem now and hoped to have a full report back to Council shortly. CONSENT AGENDA The following items are adopted by one motion, which follows the business matters included: For.Use By City Clerk's .Office 0 ly A. I # AGENDA .ITEM, RENTON CITY COUNCIL MEETING _ SUBMITTING Dept./Div./Bd./Comm. ' Finance Department - For Agenda Of April 20, 1981 (Meeting Date) Staff Contact. Ted Bennett (Name) Agenda Status: SUBJECT: . Request Re olution for transfer of Consent . X funds from Coulon Belch Constr. Fund' to PublicHearing Correspondence G.O. Bond Redemption\Fund, .for interest.: . Ordinance/Resolution X payment, pending receipt of property taxes. Old Business Exhibits: (Legal Descr\ , Maps, Etc. )Attach New Business Study Session A. Other B. C Approval : • Legal Dept. Yes X ' No N/A COUNCIL ACTION RECOMMENDED: Referral tot '. • Finance Dept.. Yes X No_ N/A_ Ways & Means Committee for the proper t Other clearance Resolution. I . FISCAL IMPACT: • Amount Appropriation- Expenditure Required $ Budgeted $. Transfer Required • SUMMARY (Background information, prior action and effect of implementation) ' (Attach additional pages if necessay. ) 1 CASH TRANSFER OF FUNDS AS FOLLOWS: TRANSFER FROM: Coulon Beach Construction Fund #315 . ' $466,000.00 TRANSFER UNTO: 1980 Unlimited G.O. Bond Fund •#208 $466,000.00 I, Funds borrowed will be returned to Coulon Beach Construction Fund upon 'receipt of sufficient Property Tax monies in the IG.O. Bond Fund. -"No interest required. . . PARTIES OF RECORD/INTERESTED \CITIZENS TO BE CONTACTED:• • • SUBMIT THIS COPY TO\CITY CLERK BY NOON ON' THURS'DAY WITH DOCUMENTATION. . • I I Form 81 . _ Affidavit of Publication -. . • STATE OF WASHINGTON, 1 """ • COUNTY OF KING, ss. E. FREEB1ERG being duly sworn, says that she is the principal Clerk of Seattle Times Company, publisher of THE SEATTLE TIMES, a daily newspaper, printed and published in Seattle, King County, - State of Washington; that it is a newspaper of general circulation in said County and State; that it has - been approved as a legal newspaper by order of the Superior Court of King County; that the annexed, being a retail ad , was published in said newspaper, and not in a supplement thereof, - Soup/ ,zo'E and is a true copy of the notice as it was printed in the cegu-1 issue of said paper on.the foi- 1 lowing day or days November 19, 1980 $14 . 72 I 1 Ordinance No. 3484 • Sau7X 2or✓E and that the said newspaper was regularly distributed to its^subscribers during all of said period.. t.: CITY OF RENTON,WASHINGTON - ORDINANCE NO.3484 _ AN ORDINANCE of the City,of Renton, /'' '; - Washington,amending Ordinance No.3399= I ,.passed qnd approved February 4, 1980, - / C - 1 relating to the issuance and sole of S6,000,000 par value of "Unlimited_Tax-- !: - Genercl Obligation Pork Bonds, 1980, - 1',•'-Series A." Subscribed and swd to before me this Eighteenthday ) -THE CITY COUNCIL OF THE CITY OF REN- - r: TON,WASHINGTON DO ORDAIN!as follows: Section 1.Section 5 of Ordinance No.3399 passed • December 19 8 0 l: and approved February 4, 1980, 1is amended to Of , :`•'esodasfollows: ^ �� ;Section 5.The Bond Fund is herebye created and • C//Y'/ 1. established;Secton5. In the office ofis the City Fed nce -Director. The accrued Interest I•ond premium . ,2 received,if any,upon the sole and delivery of the Notary P4� lic in a for the Stale of Washington ••Bonds shall be paid into the Bondi Fund.There Is red rig of Seattle %-hereby also created and established in the office of the City Treasurer a special fund to be known and ::designated os the"Gene Coulon Memorial Beach -Park Construction Fund"of the CItY.The principal proceeds received from the sale and delivery of the Bonds shall be paid Into The "Gene Coulon_ - , • Memorial Beach Pork Construction Fund" and • used for the purposes specified in Section 1 of this Ordinance a sale of the Bonds.Pending the expenditure there- - _ _ _ ' • •`- - - - __- - - ' ' of,the principal proceeds deposited Into the"Gene ..- - _-- - - -- - Coulon Memorial Beach Pork Construction Fund" - ' may be Invested In any legal'Investment,and the• _ - " - - - ' Investment earnings therefrom may be retained In . . - • -: -' -- - - - - - • such fund and expended and used for the purposes' - - - _ _ _ _ -. _ '_ _ _ - of Such fund.All taxes collected for and allocated - - - -- - • .to the payment of the principal off,and interest on,Mall .- . . _ - -- .. - - • • the Bonds all hereafter be deposited in the Bond _ Fund. Pending the receipt of the proceeds from, :-.. - --. • - . --- - - _ -- --- . . . the Issuance of the Bonds,interest-bearing war- . . . - rants may be drawn on the"Gene,Coulon Memori- - . ._. . _ ,- - . al Beach Park Construction Fund" to provide - - - - interim funds to pay such costs,'such loan to be • k. . , - - - - - • repaid from the-proceeds received from the _ - - • issuance of the Bonds. ` •' ..;.;.m;, _. -.- .. . _ - : - _ - • _ w+r.., Section 2.Thls ordinance shall take effect from ,, '.• '.-`-._t`.: _ ' -- - - - _ - and after its passage and five(5)days following ij 6�` - -_ _. _ its publication as required by law. ,. ';• - - ., _ • • PASSED by the City Council of the City of a'��-`'` r-"-- -- --: - _ -. 1 _- - _ N :".-.'._,I.=`iV:-_- .:s_`+1. i Renton, Washington, at a regular open public g.,',_;-.,4; a _ - ,_ _ meeting thereof,this 10th day of November 1980. '-' _ - - - _ i (S)DELORES A.MEAD,City Clerk i.,,-r-,-,—,,, *� ;(( - _ -_- A�;� = - - 'APPROVED bythe Mayor tills 1 h "i...:; - ?? vs, " - k=�-: .t c.' - -_ ... ... _. __ .. . s 10th day of _ - _ - _ _ _ _- - - _- November.'1980. ,� ._ --- - =.r .. - _ .. - ' .. (s)BARBARAY,.S•INPOCH,•Moyor - ' . .- ' _ FORM APP ROVED: - - -- - - - •• (s)City Attorney . ., --�.-_.�- : �Y,.:-.,,:�-.-..t,,:�.�...,�.- .,f:;..:,=-,'.`•",---,:. . -.-, - ---- - - ---- Date of Publication:November 19,1980 •.. • OF R� `'� , �� . " 0 THE CITY OF RENTON CJ $ � z MUNIGIPAL BUILDING 200 MILL AVE. SO. RENTON WASH. 98055 z `` DELORES A. MEAD rn BARBARA Y. SHINPOCH, MAYOR � , D4 to' CITY CLERK 09Ait SEP� ��P 1 November 17, 1980 I I + " Richard Ti. Kennedy, Vice-President Seattle-Northwest Securi't'ies, Inc. 500 Union Street Seattle, ! WA' 98101 , 1 RE: City' of Renton, $6,000,000.00 Unlimited Tax General , Obligation Park Bonds, 1980, Series A,Amendment I ' to Ordinance #3399 ; Dear Dick: - The Renton City Council ; at its regular meeting of November 10, 1980 adopted amending .Ordinance No. 3484 to provide for retention of bond interest earnings in the' Gene Coulon Memorial Beach Park Construction Fund, as intended. I A certified copy of the ordinance is enclosed. Yours very truly, I CITY OF RENTON I Delores A. Mead, C.M.C. , City Clerk DAM/Ss Enclosure I i I 11 . , . • OF I?14 . . . , As "•-•., 416 ' 0 ! ' THE CITY OF RENTON , o 4$ 41 z. MUNICIPAL BUILDING 200 MILL AVE. SO. RENTON,WASH. 98055 -i BARBARA Y. SHINPOCH, MAYOR • PARKS and RECREATION o ... .. °) 0 JOHN E. WEBLEY - DIRECTOR o,4tD SEPI (t- 9 235-260 ' . ' O° r , I • , r , ,I November 7, 1980 r) h , . '11 , TO: Earl Clymer, Chairman Ways alpd Means Committee 1 p r FROM: John Webley, Parks Oirect210:‹rt--- k-- . RE: City of Renton $6,000,000 General Obligation Bonds/use of interest for construction purposes. . , . :1 ! , This ordinance' will correct our earlier oversight by the City's , .. Bond Counsel allowing the City to utilize investment earnings from rr ' the $6,000,000 in bonds sold by the City to construct Gene Coulon . r Beach Park. It has alwaysbeen our intent to use the funds to offset in- flation and was so stated in all Of our public meetings. I would • I appreciate it if yOu could put the ordinance amendment through first second and final readings on Monday, November 10, 1980, if it meets , r . . with your approval'. I am extremely sorry that this action was ne- c ssary as we relied on the Bonding Counsel and there was an over- sight. Thank you Ifor your efforts on our behalf. • . ' : . . . . ,. . . , • , . . , .. . . , . :--- l ' FCEIVED . NOV 7 1980 . . . . CITY OF RENTON • 1 I CITY COUNCIL . • ' . . . . • , • . . . , . . . I I • • • . . , i • ,, • . . . 1 . . • 1 COUNSEL • JOHN E.HAVELOCK • • HAROLD S.SHEFELMAN LAW OFFICES VICTOR D.LAWRENCE ROBERTS, SHEFELMAN, LAWRENCE.GAY & MOCH JA M.JMEPWROBERTS(RBI18 79939) JAMES GAY IBIS IBM BUILDING JAMES C.HARPER(RETIRED) 'ROBERT G MOCH GEORGE M.MACK SEATTLE,WASHINGTON 98101 BRIAN L.COMSTOCK TEL.(206) 622-1818 TIMOTHY R.CLIFFORD , JAMES S.TURNER LEE R.VOORHEES.JR. SUITE.302 WILLIAM N.APPEL • DAVID B.SWEENEY 2600 DENALI STREET • WILLIAM G.TONKIN ANCHORAGE.ALASKA 99503 DAVID A.BENNETT ROBERT H.CAMPBELL TEL.(907) 276-1358 ROBERT G. MULLENDORE • GARY N.ACKERMAN ROGER A.MYKLEBUST DIANE D.KENNY JON W. MACLEOD November 4 , 1980 PAUL L.AHERN.JR. WILLIAM H.SONG STEVEN E.CUMMINGS TERESA V. BIGELOW Mr. W. E. Bennett Deputy Finance Director Municipal; Building 200 Mill"., Avenue South Renton, Washington 98055 Re: City of Renton $6, 000, 000 "Unlimited Tax General Obligation Park Bonds, 1980, Series A" Dear Ted: As requested in your letter of October 29 , I have prepared and am enclosing an original and five copies . of an ordinance amending Ordinance No. 3399 to provide for the retention of the investment earnings, received from the proceeds of the bonds deposited in the Gene Coulon Memorial Beach Park Construction Fund in such fund and used for the purposes of such fund. This ordinance can be justified on the basis that retaining the investment earnings in such construction fund was at all times the intention of the City Council and the omission of provision therefor in the original bond ordinance was merely an oversight. You will recall that the State Auditor ' s Bulletin No. 013 originally issued on July 10, 1961, and revised January 14 , 1972, pertaining to interest earnings on investments stated: • "When construction funds are derived from the sale of general obligation bonds, interest earnings on invest- ments thereof shall be placed in the General Obligation Bond Interest and Redemption Fund, unless the proper legislative authority has provided by ordinance for the expenditure of such earnings for construction purposes in advance of the sale of' said G.O. Bonds. " Provision for the . retention of such interest earnings in the construction fund obviously should have been included in Ordinance • •WASHINGTON STATE AND ALASKA BARS. ••ALASKA BAR ONLY. ALL OTHERS WASHINGTON STATE BAR ONLY. a �' I ' Mr. W. E. Bennett November 4 1980 Page 2 No. 3399 'as that was the intent of the City Council at that time, but unfortunately. such intent had not been conveyed to me. Sincerely, ROBERTS, SHEFELMAN, LAWRENCE, GAY & MOCH By mes Gay JG/mlc • I ' I', v' , r'7 , { ,I' i'' J :kf f •1 ,, 'i _ r r , • 1', ,gyp, Win, i,� - .,L, . : i•, .. T RENT N' 'WASHINGT N '• ' . '11;x_ u ,. -: - 'ORDINANCE`%NO.• `3484 'L 13, vi�,` ,l' rt, - ,a: r,. ti" i i 'i. 1$' nton :Wa's hin ton .r •AN ORDINANCE,-YOf the:::,.... .,-, of Re g 1' 4 rdiranc'e 'No '' 399' assed an'd. 'a roved �' amend'ing' O P Pp • :.z;` Februa'r 4'- 1'9'80 relatingto the issuance :and'. sale 6,-.000.`1%0.00,,parval.u'e:,of'.• "Unlimited' Tax '`.` 1; General bliga• t on Park Bonds, 1980 aeries.•A. " • THE CITY ';COUNCIL;; OF ';;,TH'E''CITY `,OF' REN'TON',,`' WASHINGTON DO• I: 0 R AIN a follows'• •��` I" :J I' 3' • a's se'd`• and , `3 9.9' �5° :of Ordinance` Sec,fioii'��,1'.';�: :_Sec't�•iori'°� p i' 4; :Y` " `l� s �d- o .read �'as`: f Ol OW 4: :� °. ramenc�e "t ;,� ,: approved February�' ;� �-. Section' .,5:. .'t-:The Bond. Fund is hereby created an• d established in , „ ` the off ice of's the'"'Cite 'Finance Director. The. accrued` interest and 4y y1` rr<' d '.deliver 'of' the' Bonds _t°> •.premium received '4 ' f;' an` N,,u ori.`�'the' "sal'e�'an y v . <? shall be,`paid' into• .the Bond Fund ;There is hereby.'also created and ,i,:,::',1.,,',:' :::' .‘ ''.. ' " $ established in' the �.o,•ff'ice of '.`they City Treasurer a` special' fund to i r • .. -e:i" /,._,'' ', t, r , is is '' ,. be known and designated as; the "Gene Coulon.'Memorial' Beach`'P.ark ,1"' 11' ceived. traction Fund:. .Ct :The rind al: roceeds re,,.,.•:;,. . ;.:;, Cons , Y• ''P P •P , ,I,c , „ 4 4'i '11 �be�� a d' into. t he" m the sa'le• and•' deliver` '.of :th,e ,..Bond`s sha ,;,: -'fro y� ,P Gr , � d and •'used,'fo �7"� `��' Gene Coulon•,Mento'rial:°BeacYi`�'Park' Construction Fiin ,' ' I ,an t d'- ' i `:��'Secton°°" l_ of•,this Or dins ce'` o'" :the puzposes specfe di_'',A „f e` ale.�ohe'�•�Bonds° the costs of issuanc andr';s g expert i` `l ;` roc'eeds!'•' a osited• :into.:.the G,e a ;; tare thereof;' th'e 'priric pa p d. p Frt' 11 •d - 'n este d na° Coulon Memori'ah:;';Beaeh'-'�Park' ;Constr,uction' '"Fun • .`5<r a al' investment, the, investment'"earnin` s. therefrom ma .be ' t 7 nF :(J 'V l f S :1'Ji'' 1 J "I 1 '] 't'1 ,f;t•,, 1 `''•''.t �,' i; '+ t '•4/' ! { '„ t 1 _ 1 4 , If,. t:rs.,v 't t ',fl;" \ II {,, / Y ell'":, ' , ,`l:, -,1,1 t i t j •Pi', s ti �1s; 1 ' retained in such fund and expended and used for the purposes of such fund. All taxes collected for and allocated to the payment of the principal of and interest on the Bonds shall hereafter be ' deposited in the Bond Fund. Pending the receipt of the proceeds from the issuance of the Bonds, interest-bearing warrants may be drawn on the ',Gene Coulon 'Memorial Beach' Park Construction Fund" to provide interim funds to pay such costs, such loan to be repaid from the proceeds received from the issuance of the Bonds. Section 2. This ordinance shall take effect from and after its passage and five (5) days following its publication as required by law., PASSED ,by the City Council' of the City of Renton, Wash- ington, at a regular open public meeting thereof, this 10th day of November, 1980. A.. _ DELORES A. MEAD, City Clefk. APPROVED by thb Mayor this 10th day,°of•,November, 1980.3/01,1)(Ottb .41 . kto_flAst BARBARA Y. HINPOC�L, Mayor., FORM APPROVED: City Attorney , ,�� :` Date(' of Publication: November 19, 1980 -2- " Form 81 I Affidavit of Publication STATE OF WASHINGTON, l Iss. COUNTY OF KING, 1 E. FREER 3ERG being duly sworn, says that she is the principal Clerk of Seattle Times Company, publisher of THE SEATTLE TIMES, a daily newspaper, printed and published in Seattle, King County, State of Washington; that it is a newspaper of general circulation in said County and State; that it has been approved as a legal newspaper by order of the Superior Court of King County; that the annexed, being a retail ad ,was published in said newspaper, and not in a supplement thereof, Siu7JY Z.�✓E and is a trueicopy of the notice as it was printed in the re�u�� ^ Pn we issue of said paper on the fol- lowing day or days August 6, 1980 $9. 81 • Ordinance No. 3453 So n71V ZOOM and that the Said newspaper was regularly distributed to its4,subscribers during all of said period. . T: .CITY OF RENTOPh WASHINGTON-...s `{;.�: . - ORDINANCE-NO.-2453. ;'AN •RDINANCE OF.ThlE-CITY OF-RENTON, ' •;WASHINGTON PROVIDING FOR'APP;ROPR1- •,;ATION AND TRANSFER OF FUNDS - '- �„WHEREAS the CI1y of Renton,WdshIngton,has• �',heretofore'recelved certain funds from`the Salle-of- .i;1980 .Unllnhited G:O. Bond Proceeds,_for the . ;,Purpose of`developing Gene 'L..Coulon Bench ::--Park,and-- ; - . , -'..WHEREAS It.is necessary and advisable to - Subscribed and sworn before me this Sixth day :.appropriate and transfer such funds Into the : belowmentioned fund and such appropriation be- r':;;:fill;necessary and in the public Interest and for the . of October 19_$_Q-_ . public benefit,NOW THEREFORE -- , 1'"'THE CITY COUNCIL OF THE city.OF,REN- TON, WASHINGTON,.•DQ' ORDAIN AS / /-g.;,- a l' SECTION I The Director of:Finance is hereby- `''.authortzed and directed to provide for the follow- Notary Pub is in an or the State of Washington ;I..ing appropriation and transfer: I.,' .! • resi "ng at Seattle :-. ,'F,RCM:.1900 Unlimited G.O.Bond Proceeds - - . 'r3 '`(Coulon Beach Park):1 S650,000;00 ! . .:/N:.:UNTQt;Couloh'Beach construction Fund st; -:`.;:''a/c 315/000.20.533.50.65.24 •. • SECTION It:This Ordinance Will be effective' - • upon its passage.approval and,five days after Its • I'.publication. . . .. _ .__.._ _'_"-.. PASSED BY THE CITY COUNCIL this 28t _ _ _ _ - -_ _ _- _ -___ _ -- = _ _ — - -- '_ _ ._ - - of July..1980. .t4doY / -- =_-- - -'----- -- _ (slMaxine E.Motor,Depute.City Clerk'. - - "-' APPROVED.BY:,THE•MAYOR thio 28th;da?of - ... - - - -- _ - - '-- - ._ r. ,, - .. . (s)Thom' W.Trimtn,Mtiv0Oateal' - -- - _ - --''APPfavedastoform:"': t-•., �;r::�',:.'+ ' •,.' - _ -- •- -- - _ - .. - ' -� •.rfs)Lawrence J.Warren,City Attorney :�Ji' :r'';::; --_ - _ _ _ - - .-- - _- .. _. - _ - - .Date of Pablfcdtion::August 6.1980--;'It:. : .. - -- - _ - -+-' - - _ - .n ' 7....... ,_... Q s-=.vu ,- � :3.�. .t s�-T,r _ ._.lk-.°:-''�� t .ulesr.q ..,� p�ri.... s> [ d�'�'"':;-e _ q, ,.Mt�: 2-}-.'' - - - - :P._ ''F':�1_,...u_.r '49 r:,� �}7,- .-,.. .a 3..:i'�=... - _.. r •>Ir "i{jl: - ..� - _ ..+. _ - _ _- --,-v°L! .L=�'S+L� _ n•.ti1 �1r.__.✓i'GM1v si..tii:... t. . - -a -i .... s+a,f y--y.:i-- '-:�. .� - _ .. ...-._ „I_.. .._-_••-.. ---4 4�•-.-,-�.-_..::..-.:, �, rr • 42`.�,i•�^•5.-i-, _..1. : -...X -t- — -- e".-- 'rren'_ T' .-...._ ,. . _a. _..._. ._ , \r/v- ktp, . • ,\" I 1 -Renton City Council . , 7/28/80 Page 4 Old Business - Continued Flood Insurance Community Services Committee report noted they. will meet with Program, Land fill various state and local officials, businessmen and citizens Moratorium, Green for the purpose .of providing information and• status of the ' River Drainage Federal Flood Insurance Program, Flood Insurance Ordinance, Program Land Fill Moratorium, and Green River Drainage Program on August 20,. 1980 in the Renton Council Chambers at 7:00 p.m. - ' . Cedar River Trail, Community Services Committee report recommended the Council , Property move into Executive Session for further report and recommendation Acquisition regarding the Cedar River Trail property acquisition. MOVED. BY REED, SECOND SHANE, ADJOURN INTO EXECUTIVE SESSION AFTER • ' - AUDIENCE COMMENT' PORTION OF AGENDA. CARRIED. Federal Insurance', Councilman Stredicke, inquired asto who paid for the ad . Administration- run in the Seattle Times re the Federal Insurance Administration.. Flooding Areas Rules and Summaries. re• flooding areas._ Mr. Gonnason -noted , they were paid for by HUD. Park & Ride Councilman Stredicke noted plans are now under way ' for a ' North Renton park and ride lot in North Renton by the Maycreek intersection of I-405,, • ' Public Safety Public Safety- Committee Chairman Hughes presented committee • , Committee report requesting .matter of the animal •control ordinance be ' Animal Control referred to the City Attorney for recommendation. MOVED ' Ordinance BY HUGHES, SECOND' 'STREDICKE 'TO CONCUR IN THE COMMITTEE RECOMMEN- ' ' DATION. CARRIED. ' Animal Councilman Stredicke requested Animal Control Officer investigate . Complaint complaints of baying hound; dogs in the vicinity of 116th (10th NE) ' '! east of Union. ' ' Appointment ays and Means Committee Chairman Clymer presented committee Human Rights report concurring in the Mayor's appointment of Antonette (Toni ) ; 6 Affairs Nelson to Human Rights and Affairs Commission for a two-year term , Commission effective 4/25/82. MOVED BY STREDICKE,: SECOND CLYMER TO CONCUR IN THE COMMITTEE RECOMMENDATION. CARRIED. ORDINANCES AND RESOLUTIONS Ways and Means The Ways and Means Committee Chairman Clymer presented report • Committee recommending the. following Ordinances for first reading: ' Fire Dept. - An ordinance was' read changing the zoning classification of certain .Rezone R-046-80 ' -properties within the -City from general. classification district (G) 1 t'' i to public (medical , health,. fire and education) district (P-1) . J-R-046-80 City 'of Renton Fire Dept. Located east side of Benson . 'Rd, approximately 300 feet north .of South 172nd St. MOVED BY i--CLYMER, SECOND' SHANE TO REFER BACK TO WAYS AND MEANS COMMITTEE FOR ONE WEEK. CARRIED: ' Taxicab • - -An ordinance was• r-ead amending city code- relating to location of Zones taxicab zones. MOVED BY- CLYMER, SECOND HUGHES, TO- REFER BACK TO , . WAYS AND MEANS- COMMITTEE FOR ONE WEEK. CARRIED. ' ' i ORDINANCE #3453 An- ordinance was read, appropriating funds in the amount of Appropriation- $650,000.00 from the 1980 Unlimited G.O. Bond Proceeds unto the Gene Coulon construction fund' MOVED BY.CLYMER, SECOND SHANE, TO ADVANCE Memorial Beach ORDINANCE TO SECOND AND FINAL READINGS. CARRIED. Following Park ! - readings it was-- MOVED BY'CLYMER, SECOND SHANE TO ADOPT' THE ORDINANCE AS READ-. ROLL CALL: All Ayes (Councilman Stredicke not present at this time.) - MOTION CARRIED. : - - ' . The Ways and Means Committee';report recommended the following -_, Ordinances- for second and final readings: - \ . . I t li :\ , •. ' - \ i I , CITY OF RENTON, WASHINGTON ORDINANCE NO. 3453 AN ORDINANCE OF THE CITY OF RENTON , WASHINGTON PROVIDING FOR APPROPRIATION AND TRANSFER OF FUNDS WHEREAS the City of Renton,Washington, has heretofore Sale of received certain funds from the/119'80 Unlimited G.O. Bond Proceeds , for the purpose of developing Gene L. Coulon Beach Park, and WHEREAS it is necessary and advisable to appropriate and transfer such funds into the belowmentioned fund and such appropriation being necessary and in the public interest and for the public benefit, NOW THEREFORE THE CITY COUNCIL OF THE CITY OF RENTON, WASHINGTON, DO ORDAIN AS FOLLOWS : SECTION I : The Director of Finance is hereby authorized ' and directed to provide for the following appropriation and transfer: FROM: 1980 Unlimited G.O. Bond Proceeds (Coulon Beach Park) $ 650 , 000 . 00 UNTO : Coulon Beach Construction Fund a/c 315/000 . 20 . 533 . 50 . 65 . 24 $ 650 , 000 . 00 SECTION II : This Ordinance shall be effective upon its passage, approval and five days after its publication. PASSED BY THE CITY COUNCIL this 28th day of July, 1980 . e )2z-Lto-g- Maxine.E. Motor, Deputy City Clerk APPROVED BY THE MAYOR this 28th day of July, 1980 . I / fl Thomas W. Trimm, Mayor Pro tem ` I Approved as to form: Lawrence J. Warren, City Attorney Date of Publication : August 6, 1980 • • \ I C'.&•bg_c,g-gcfyt_ a-/Zfe--- AFFIDAVIT ;4 I , Barbara Y, Shinpoch, Mayor , being duly sworn, declarethat I • am the owner of the property involved in this application and that th;e ' foregoing statements and answers herein contained and •the information1 herewith submitted are in a111 respects true and correct to the best ojf my knowledge nd belief. j ' Subscribedand sworn before; me this 16th day of June , 1900 , - i Notary Public in and for the State of Washington, residing at \'�emao y, ,. � • kii,. oAblinc.ti(, S,1u,m,p0 c.h T a.ne of .:Notary Public) (Signature of Owner) i ' i Barbara Y. Shinpoch, Mayor ' ;. .._,....,.. 200 1 Avenue South - Mi1 (235 2580) . Address) (Address) Renton Washington (City) (State) ATTEST: a ores; eaT, 1 y er i (FOR OFFICE USE ONLY) . CERTIFICATION 1. This is to certify that the foregoing 4pplication has been inspected by me and has been found to be thorough and complete in every particular and to conform to the rules and regulations of the Renton.. Planning Department governing ' thl' filing of such application . i i Date Received ' ,. 19 By { • , Renton Planning Dept. 2-73 • — G — • O . A. Total construction cost and fair market value of proposed • project 'including additional developments contemplated but not included in this application: $7, 8000,000.00 • • B. Construction dates (month and year) for which permit is requested: Begin Sumner 1080 End December 10 .2 11. Does this project require a shoreline location? Explain. • Ye , It is needed to provide additional public a('.C:cs s to n sho.reltine of state wide significance. 12 .12 . List any� ot:ler permits for this project from state , federal , local governmental agencies or. the City of Renton for which you have applied or will apply, including the name of the issuing agency, whether the permit has been applied for, and if so, the date of the application, whether the application was approved or denied and the date of same, and the number of the application or permit: Sec . 1 (c -CLj permit - U. S. Corps of Engineers Hydra lil i c s g it t - Fisheries & Game Bri d e - U. S. Coast Guard • Gradi.11_ & Bui7.dln7 permits - City of Renton 13 . Site and, vicinity maps (Refer to application instructions) : • Attached 14 . Additional information: • • ' e • II STATE OF WASHINGTON ) CITY OF RENTO?J ) ss I' I , 1, �. oL e,- � Ti • . � .� 7� , being duly i : sworn, certi f, tnaaf. I am..ere above-named applicant for a permit to :r. . construct a sthbstantial development pursuant to the Shoreline Management ' ill Act of 1971 , and that the foregoing statements , answers, and information are in all respects true and correct to the bes_t_ of my knowledge and belief. ignature) /- ) Subscribed and sworn to me this /(. � day of i ;�.. ,�� / ;-Fj ) Notary Public in and for the State of, Washington, residing at `=> —re_ LL � , • /,- City of Renton Planning Dept. 2-73 CITY OF RENTON, WASHINGT , , r , • APPLICATION• - SHORELINE MANAGEMENT SUBSTANTIAL DEVELOPMENT PERMIT • APPLICATION NO SM : PUBLICATION DATES • DATE RECEIVED COMPREHENSIVE PLAN DATE APPROVE% ZONING I DATE DENIED j • WATER BODY - • .APPLICANT TOI PROVIDE INFORMATION REQUIRED IN ITEMS 1 THROUGH 14 BELOW: I Renton Park Department, Nancy Mathews, Chair. 1 . Name of applicant -Robert F. Hintz, Representative. 2 . Mailing address 11010 4Oth Ave. N,E, Seattle. Wa. 98125 • Telephone 363_7514 3. ' Applicant is : I JOwner • flLessee Contract purchaser [?Other (specify) see above • 4 . Name and address of owner, if other than applicant: • Ci ty of Renton Telephone 2 5-2560 5. General location of proposed project (give street address if any or nearest street and intersection) West side of Lake Washington o��tPtr.ard, ad j,acent to steam plant i ' 6 . Legal description (if lengthy, attach as separate sheet) Those portions of Sections 5 and 6, Tnshp 23N, Range 5E, Vann„ ' _tw.i a _m t _of th2 Burlington Northern Railroad right of way in It. .Ci toy of Renton • Area (acres or sq. ft. ) A _. . pprQximately 53 acres • 7. Name of adjacent water area or wetlands : Lake Washington_ 8 . Intended use of property: Puhlin renrentinn waterfrnnt nark • • • 9 . • Generally describe the property and existing improvements : Gene • Coulon Mema.r; a1 ioh Park consists of approximately 18 Flares A,,7t •l nn,_-1 with narki no- nr_n s, bnn ` 1 punch, pi oni r. shel ter and T:he t ansi on area, extending northward approximately 1 Is now unimproved and is sparsely vegetated with trees and brush, 1 1 Form 81 .'� ',./r, Affidavit of Publication:= L ( ';, ;p� : 4 f : C .iti S (r_�-1ic • STATE OF WASHINGTON, ss. I -t-' ' COUNTY OF KING, I L.r., � C. ;BELL being duly sworn, says that she is the principal Clerk of Seattle Times Company, publisher of THE SEATTLE TIMES, a daily newspaper, printed and published in Seattle, King J. County,State of Washington;that it is a newspaper of general circulation in said County and State;that it has been approved as a legal newspaper by order of the Superior Court of King County; that the annexeld,l being a Retail ad , was published in ,'said newspaper, and not in a • $oaT/1 ZoAIE supplement thereof, and is a true copy of the notice as it was printed;in the moirgelopostimmeire issue of said paper on the following day or days March 12 , 1980 Ordinance Nb 3404 So aril 7.vNE (I- _ __and that the said newspaper was regularly distributed to its subscribers during all of said period. CITY OF:RENYON,•WASHINGTON ORDINANCE NO.0404 ,9 • AN ORDINANCE of the,CNy of Renton, �A li EEE�� I 'Washington,relating?lto„COnttaCtin9'On indebted, ' / d\ /!'��°' Hess and amendinti Otcdinorice_Nof 339.9�proyiding ' �Y for,the isbu04ce'6ndjSdtej201$01000;000;par value �l s of Unlimited TCx'Generot7Obtiootian Park Bonds, I s 1 1980,Series':A?',of•the•Citb , '±' - '' :tt' WHEREAS;,br Ordinance No. 3399 passed FebruarY*4,;19a0,the City of Renton;Washington i Subscribed and sworn to before me this Twenty-Second day ' (hereinafter tolled the"City")provided forthe is- suance and Sale,of1,6,000,000fpor:value o"fkunlim- ited Tax General Obligation Park Bonds;1980,Se- ' 8 ries A,"which'-ordlpance Provided that bids,for of May ,19 , the purchase Of such bands would be receive'by ,. , �J Inc City Finonee director on March 18,19E0,and , / J� further spie lied the rooxim'uin effective interest fir ,: rate which the DONS moY beer to,bp,BLS,per on; , num;'and - Notary Public in d for a State of Washington WHEREAS,due to present conditions existing I ding a Seattle in the.muniCipalAOhd market it is ontiSipated that ' the City will be unable to.rereive bids for the pur- , chase of such bonds on March 18, 1980, with the maximum effective Interest rote limitation of 8% per annum and the City has determined that such ' maximum effective rate of interest shOuld be r6iSed and a net/sale dote fixed for the receipt of •bids for suchbondsi NOW THEREFORE, ___ _ _ ___ �__._ -- _ — THE CITY COUNCILOP,THECITY OF PEN !- -- --- -TON,WASHINOTON,OO ORDAIN,as follows;'• . 1 Section 1.-BeCtion 1 of Ordinance No./3399 is I emended to read as follows: Section,l':'' The City of Renton, Washington (hereinafter Called fhe"City"),Shall presently is- sue and sell$6,000,000 par value of negotiable pen- - • Oral Oblilotl6'n bond!of the total$7,825,000_par vol, 1 ue of• negbtiODte general'obli9'otien bonds,.; autherixed by the nualified voters of the City of a I 'special election held on September 18,1979,pursu- dht to OrdinanCe No. 3336 passed'and approved July 23,1979,as amended by Ordinance N6:3343 Passed and'approved August 6, 1979, and'Ordi• nonce No, 3350 passed and apProved-August 20, 1979,for the Purpose of constructing recreational facilities inCludin9 boot IOunCh,'fishing pier,trolls, day moorage,parking,floating structure,and oth- er equipment Ono materials incident-thereto at the , Gene Coulon Mernatioi BeoCh Park, The bonds shall'be desi9notea"!Unlimited Tax General 0blt- gotion Pork Bonds,1980,Series A"(the"Bonds") • of the City;Shall be dated May 1,1980;shall be in denominations of$5,000 each;shall be numbered ' from 1 to 1200,Inclusive;and shall bear interest at on effective rate of,nOt to exceed 12%per annum. payable on May 1,1981,and Semiannutilly there- after on each succeeding November 1 and May 1, as evidenced by Coupons to be attached tO the Bonds repreSentin+d interest t0 maturity and with full obligation on the port of the City to pay infer- est'Ot the bond rate from and after maturity until ' . the Hands,both principal and interest,ore gold in full or until Sufficient money for Such payment in full is oh deposit id the;'unlimited'Tax General Obligation Park'BOnd Fund, 1980" (the "Bond ,, Fund"),hereinafter created and the Bonds hove been duly coiled for payment. Oath principal of • and interest on the Bends.shall be paid in lawful money of the Wilted Stoles of America which at the lime of 8AVment Shall be legol tender for the-w Payment Al Pubflc rind private debts.' nt the office !, of the City finance Director,or,at the option of the holder,et either fiscal a0enCy of the State of WoshinOton it Seattle,Washington,-or New York, 1 New York.The Storms shall mOture Serially,onnu-, Oily, in order of their numberS in the fallowing 1 mmmunts Oh MAY 1 of each 6f the following rears I . "Bar't iserr-- maturity (lnelusive) AMounts Yeory II— All bide'shall be seated,Orl(1;'e%Cept the oia at— i 1 to 29 . S145,000 79a2 the Stale of Washington,if One is received,shall be ' 31'to' e9 ' 150,000 1983 accompanied by 0 depos(t of S300,000.The deposit — 6e to 91 • 160,000 1984 , Shall be either by-Certified check or cashier's i 9;'to 126 - 175,000 1985 Check mane payable to the City Finonce Diroctur ,127 to 164 190;040 ' 1986 ''and Shall be P OmPtly returned if the bid is not ac- 16.:1to' 20S 205,000 1987 . tented. The City reserves the'right to invest the' 20i,to 250 225,000 1988 good faith depelit of the purchaser pending the , 251 to 299. 245,000 1989 payment for the Bonds.the purchaser shall not be 300 to 352 265,000 • 1990. ,trealted for Suth Earnings.If the Bonds ore reedy 353 to 409 285,000 1991 for delivery and the successful bidder Shall foil or 410 to 471 ' 310,000 .1992 neglect t0 COMOlefe the purchase of the Bonds . 472 to 538 ,335,000 1993 i Within forty days following the•acceptance of its - . 539 to 611 365,000 1994 .bid.qthe'aril0lntAt ifs deposit shall be forfeited to • 612 to 690 ' 395,000 1995 the t,lty.O9l0 In that event the City may accept the 691 to 776 430,000 1996 bid of the"0he Matting the next best Bid.If there be , 777 to 869 , 465,000 1997 ' two or more equal bids for not lest than par plus _ ' 870 to 971 '.510,000 1998 , accrued Inter051 died such bids are-the best bids re- 972 to 1081 • 550,000 , 1999 C8ived, the City Counsel shall determine by lot •' 1082 to 1200 ' 595,000 ' 2000 which Did shall be accepted.The Bends will be de- The City,reserves the right t0 redeem any Of .livereO'to the SY60e5sful bidder at the office of the . o❑ of the Bones prior to their stated maturity ,City.Finance Director or in,Seattle,Washington, dates as a whole,Orin port in inverse numerical - Ot the CIty's.expense, or at Such other"place as ' Order,on Moy 1,1990,or on any Semiannual Inter- ;the 'Finance BireCtOr and the successful bidder est payment Ohio thereafter at par plus,accrued May mutually,agree upon the purchaser's ex• j interest to doteof redemption,• ', t Petite.A no•litreotloh certifiCate In the usual form Notice of such Intended redemption shall be 7 Will be included in the-ClOsing papers. published In the Official newspaper of the City,or • • Any'bid presented Otter the time specified for , if there is no 0fficlol newspaper,then in a newspo- 1 .,the receipt of gift will not be received and One per of general clrCiJl6tion in King County,at least, I bid not Cceompon(ee by the required bid deposit 1 once net less than 30'nOr more than 45 dove prior to ! • at the time of opening such bid will not be read or I the call date,end o copy of such.notice,5ha11 be fi Considered, ' • 'mailed within the same period to the mein`off Ice 6f , If;prier td the delivery of the Bonds,the in- I the principal uheerwriter or account manager Of come receivable Dy the holders thereof shall be- 1 • the Successful'bidder for the Bonds,or its succes- Come taxable;tlitoffly or indirectly,by the terms Set.In additioti,5 iCh tedemptteri notice'sholl also bf any fed@r06`income to tow,the successful bid • - be sent to MOody'S,Inv@story Servit@; Inc., and der may Of ifs option 6e relieved of its obligation to I StondOrd.&Pbor's Corporation,at their offices in , purchase the Bonds,and in such case the deposit.. f New York,New York,but the moiling of such no- occomponying Its bid Will be returned, without , tiCe to Such NOW York corporations Shall not be a ' 4 interest, condition precedent to the redemption of such t at The notice of bond sale shall provide thee the Bonds. Intereef On any Bonds so Called ter re- • .City will cause the Bonds.to be printed or litho- , demption shall MSS on'such Coll date'upon pay- graphed and Signed and will furnish the approving • ) went of the redemption Deice into the Bona Fund. Ieg01 opinion ef'Messes.Robert,Shefelmon,Law • - - Section 2. Section 6 of Ordinance No.3399 is rence, Gay & Mach, municipal bond counsel of- amended to reed Os follows: . Seattle, WOShington, Covering the Bonds without SettiOn 6;The Bonds shall be sold for cash at 1 cost 10 the purchaser, the opinion'also being Public sole for'hot less than par, plus accrued printed en OOCh bond. Bond Counsel shall not be •interest. . required 10 review or express any opinion Con- , • The City Clerk iS hereby 0uthori0ed 10 give n0- , corning the Completeness or accuracy of any off i- - , tics Calling for bids to-purchoSe the Bonds by pub- + cial statement, Offering Cirtulor or Other sales 1(steng Me sortie Once o week fot four consecutive 1 material issued Of used in Connection with the weeks in the dffitito newspaper of the.City,or it Bonds,and bond Counsel's opinion Shah so state. there Is no official newspaper,then in a newspaper I Such notice shall:also provide that further infer- of general tittutOtion in King County,.and 0 1 motion regarding the details of the Bonds may be short abbreviated'form of such notice Shall also be I received upon request-made to the,City Clerk or Published once In Trio Settle Doily-Journal of i to Seattle-Northwest Securities Corporation, 500 .-Commerce and Northwest Construction Record of I Union Street, Seattle, Washington, the City's fi- Seiittle,Washington,Of least ten days-prior to the I -\, 'ndnClal consultant. sale date Such nOtiCe Shall,'9ptcity that pealed from and after its passage and five(5)dayS fol- biCs for.the purchase 6f the-Bonds Shoe be re- 1 lowing its pubtiCOtiOn as,required by law..1COIveN..byy,.tnA Cliv_Finance'G+lrctf;+r'In her office j PASSED by the City Council of the City of in the.Ci}y ball On.April-75."19u-11 tip to 17:00.a.m.,- I Renton, Washington, at a regular open Public • Ieicol time,at which time oil bias will be opened t Meeting thereof,this 3rd day of March,1980. and Will-be considered'and oword mode by the ( (el DELORES A.MEAD,City Clerk City Council Of o continued regular meeting to be APPROVED,by the Mayor this 3rd day of March, held in the.City Council Chambers commencing r 1980• e I immediately oftee the opening Of oil sech bids. (s)BARBARA Y.St•1INPOCK,Mayor . Atone,Of the notice Shall,o1 least three weeks' 1 FORM APPROVED: prier to the dote fixed for the sole,be mailed to the t (s)City AltetneV ' 'State FiTtance Committee,Otympio,Washington, Dote of Pubt(COtlOn,March 12,1980 .. Bide shdleb@-.Invit'ed for the Purchase Of the' ! I,DELORES A.MEAD,City Clerk of the City- - '•Bend; With fixed'maturities in accordance with I of Renton,Washington,hereby Certify that the at- tns schedule specified in Section 1 hereof. 'ached Copy of Ordinance No.3404 is d true ana The'(iotlee 111811 specify the Maximum effec- cOrrect cope of the original ordinance passed op five rote of.iriferesf-the Bonds shall bear;namely, the 3rd day of Meech, 1980, as such ordinance 12%per ahnurh,ond shell require bidders to sub- 1 • appeals on the Mihute Book of the City. 'mil d bid snesityin9 i DArbD this 4th day Of March,1980. '(a)The lowedt rote or rotes Ot interest I (s)DELORES A.MEAD,City Clerk . and premium,irony,above par at which ) the bidder will OutChose the Bonds;Or -——-- . ' (b) the 16wdst"rote or rotes of interest,: '• ' ot white, the Bidder Will purchoSe the; Bonds Of Par,' °•\- No bid wlil•DD considered for the Bends for lees I ' I. then par and 'ocerued interest, The purchaser -' ' iI must pay aterded interest to date of delivery of , 1 the'eonOs. '- l1 ''COupon'rates shah be in multiples Of 1/8th or I;MOM Of 1%,or:bbth:No mere than one rate of in- I I tereet may be.fi.ked for any one.maturity.Drily one • 4 ecuPOr)will be-attached'to each of the Bonds for ' I each installment OYinterest thereon,and bids pre- I ' Ming for additiohol or supplefnental Coupons will -_ - be reiected, the maximum differential between the lowest antenierhest coupon rotes named in am 'I bid shall not exceed 2%. For the purOoSe of comparing the bids only, the coupon rates bid being'controlling;Oath bid shall state the total interest cost over the life of the . Bonds and the net effective interest rote'of the I bid. - .The 8artd3-Shall be sold to the bidder making the best bid,subtett,to the,right Of.the City Coun- ' cif to reiect any and all bide and to reodvertise the , Bonds tot sole in the manner provided by low,and • • ❑f bid isr loss titan oil of the Bonds Shall be censid- ' e'el.The Crt9 further reserves the right to waive , ' a19 irreflulurity le tier Did or in the bidding i I, i r' 1 Form 81 c;�;�') 2!Lr� 71 I. Affidavit of Pubhcation p ,/., .; «r!!l %yor� �0., It f�r- ov' STATE OF WASHINGTON9 G,c 1 1/ ,,,.C.1), COUNTY OF KING, �� ,`�� ' �``'�p :, C. BELL being duly sworn, says that she is the principal Clerk of Seattle Times Company, publisher of THE SEATTLE TIMES, a daily newspaper, printed and published in Seattle, King County,State of Washington;that it is a newspaper of general circulation in said County and State;that (it has been approved as a legal newspaper by order of the Superior Court of King County; that the annexed, being a Retail ad , was published in 'said newspaper, and ,not in a Soo7W Zo,✓E, . supplement thereof, and is a true copy of the notice as it was printed in the regal -awe issue of said paper on the following day or days March 19 , 26 , April 2 , 9 , 19 8 0 _ CZ'6 $‘o-CO • , • SooTN Zoi✓E and that the said newspaper was regularly distributed to its subscribers during all of said period. a NOTICE OF BOND SALE.'' I I e„.. . .1, CITY OF RENTON;WASHINGTON • ; bi, rtole_ 4ri. $6,000,000'iUNLIMITEO 4, ' I ' TAX GENERAL/OBLIGATION '' ;`; i Subscribed and sworn to before me this i Twenty-Second day . •, PARK BONDS; 1980 :,-. ' !'/",;Sines,A;' of May 19 8 0 SEALED RgOPOSACS,,wlll be'r v,eceivetl b the j City Finance Director at her office In the City tl tl, I 200 Mill.Aven0 South/Renton, Washington. un`hl + No? 'y Public In and the 4e;of Washington 11:00 a.m.,lo> btime,ri!15,*^ F+ - . • ) residing at S le at which time all bids willlbe puhliclisopened foc,Ihe I purchose.of$6,000,000 par,'.value of."bnlim :T itedax ' I I General Obligation Park Bonds,1980,•Series'Af, '(the t "Bonds'?), of the City of Renton, Washington;(the 1 "City"):The bids will be opened and w'ilbbe consid- ' ered and acted upon by the City Council at a contin- 1 ued regular meeting to be held in the Council Chem- II ber commencing immediately after the opening of l all such bids. - I l BONDS--DESCRIPTION. j { The Bonds are to be issued by the City pursuant 1 too special election authorizing the same for strictly a, 1 nicipal capital purposes,other than the rePlace- I. nt of equipment,as provided by Ordinance No. 336 of the City passed and approved July 23,1979;as amended by,'Ordinance No. 3343 passed and CO- " ' proved August 6, 1979, and Ordinance No. 3350 passed and approved August 20,1979. The Bonds will be dated May 1,1980;will be in I ' the denominations of 55,000 each;will be numbered - , from 1 to 1200,Inclusive;will bear interest payable • -on May 1.1981,and semi-annually thereafter on each • I succeeding November 1 and May 1,interest to mafu- rity to be evidenced by coupons to be attached to the 1 Bonds;and will be payable,both principal and inter- , .'•est,at the office of the City Finance Director.or,at the option of the holder,at either fiscal agency of the State of Washington in Seattle,Washington,or New 'York,New York.The Bonds will mature serially,an- nually,in order of their numbers on May 1 of each of the following years: i Bond'Numbers Maturity (Inclusive) Amounts Years 1 to 29 5145,000 1982 ' 30 to 59 150,000 , 1983 1 '60 to 91 760,000 •1984 9240 126 175,000 1905 127 to 164 190,000 1986 I •165 to 205 205,000 1987 - ' 206 to 250 225,000 1988' 1 , J251 to 299 245,000 7989 • - 300 10 352 265,000 1990 353 to 409 285,000 1991 ,410 to•471 370,000 - ' 1992 47210 538 335,000 1993 ' 53910 611 365,000 ' 1994" 1 •• 612 to 690 395,000 ,1995 I • I 691 to 776 430,000 1996• I 777 to 869 465,000 1997 ' 870 to 971 510,000 1998 972 to 1081 550,000 1999 1002 to 1200 595,000 2000 , I , • I . 1 The city reserves the right to redeem any or all I I ___ —____� of the Bonds or-Jr to their stated maturity dates as o I DELIVERY OF BONDS e__ _,�� whole,or in par in inverse numerical order,on May I .The Bonds will be delivered to the successful 1,1990,or on any semiannual interest payment dote I , thereafter, at or plus accrued interest to date of bidder at the office of the City Finance Director or in redemption. -. I the City of Seattle,at the City's expense,or of such Notice of such intended redemption shall be pub- I other place as the City Finance Director and the suc- P lished in the official newspaper of the City, or if I. ' chaser's bidder may yA mutually t no-litigation lyee certificate on at the nper- there is no oft Cial newspaper,then in a newspaper • the 1 of general circulation in King County,at least once usual form will be included in the closing papers for, not less than 30 nor more than 45 days prior to the the Bonds. 1 , call date,and a copy of such notice shall be mailed CUSIP numbers will be printed on the Bonds,if within the same period lb the main office of the grin- requested in the bid of the successful bidder,but net- clpal underwriter or account manager of the sue- ther failure to print such numbers on any bond nor cessful bidder for the Bonds or,its successor.In addi- error with respect thereto shall constitute cause for 1 Lion, suet-Creel-emotion notice shall also be sent to a failure or refusal by the purchaser thereof to ac- 1 1 Moody's Investors Service, Inc., and Standard & I cept delivery of and pay for the Bonds in accordance Poor's Corporation, at their offices in New York, , with the terms of'the purchase contract. All ex- 'New'York,'but the mailing of such notice to such penses in relation to the printing of CUSIP numbers New York col potations shall not be a condition pre- ' on the Bonds shall be paid by the issuer;but the fee cedent to the redemption of such Bonds Interest on , of the Cusip Service Bureau:for the assignment of any Bonds se called for redemption shall cease on those numbers sholl be the responsibility of and such call date uPori payment of the redemption price shalll be ispatd d tsar by the that if,haser.prior to the delivery of into the bond redemption fund for the Bonds. , The city'be Ordinance No.3399,has irrevocably the Bonds, the Income receivable by the holders pledged itse'f to levy taxes annually,without limits- thereof shall become taxable,directly or indirectly,' tion as to rate or amount,on all property in the City. by the terms of any federal income tax law,the sue, subject to takatioq in an amount sufficient,together 1 cessful bidder may at its option be relieved of its ob- With other Money legally available and used there- ,, ligation to purchase the Bonds,and in such case the for,to pay the principal of and interest on the Bonds deposit accompanying its bid will be returned,with- as the some shall accrue,and the full faith,credit out inhe City wnterest. ill cause the Bonds to be printed or and resources of the City have been irrevocably , pledged for the payment of the principal of and in- lithographed and signed without expense to the suc- terest on the Bonds. cessful bidder. I The approving legal opinion of Messrs.Roberts, Shefel man,Lawrence,Gay&Moch,attorneys,Seat- • . BID PROPOSALS-SALE tie,Washington,will be furnished to the purchaser of the Bonds without cost to the purchaser,which legal Bidders are Invited to submit proposals for the • opinion will be printed on each bond.Bond counsel purchase of the Bonds fixing the interest rate or shall not be required to review or express any opin- rates, not to exceed a maximum effective rate of ion concerning the completeness or accuracy of any 12%per annum,that the same shall bear in actor- y official statement, offering circular or other sales dance with the maturity schedule above.,Bidders I I material issued or used in connection with the • shall submit bids specifying: Bonds,and bond counsei;s opinion shall so state. (CI) The lowest rate or rates of interest Information concerning the Bonds may be re- and premium,it any,above par at which the 1 ceived upon request made to the undersigned or To bidder will purchase the Bonds;or Seattle-Northwest Securities Corportion, 500 Union (a) The lowest rate or rates of interest 1 Street, Seattle, Washington, the City's financial at which the bidder will purchase the Bonds I consultant. I at par. .- DATED at Renton,Washington,this 5th doy of No bid will be considered for the Bonds for less ,I ' March,1980. - than par and accrued interest,or for less than the- ,) (5)DELORES A.MEAD,City Clerk entire issue.The purchaser must pay accrued inter- publication dates:3/19/80,3/16,80,4/2/80,4/9/80 est,of any.,to date of delivery of the Bonds, I Coupon rates shall be in multiples of 1/8th or 1/10th al 1%,or both.No more than one rate of inter- est may be fixed for any one maturity.Only one cou- i 1 pan will be attached to each of the Bonds for each in- I statlment of interest thereon,and bids providing for I additional or supplemental coupons will be rejected. p . The maximum differential between'the lowest and- '� highest coupon rotes named in any bid shall not ex- ceed 2%. ': For the purposes of comparing the bids only,the coupon rates,bid being controlling, each bid shall 1 ' state the tatal,interest rate of the bid. The City reserves the-right to waive any irregu- .f larity or informality in any bid or in.the bidding ...placers. The Bonds shell be sold to the bidder making the best bid,subiect to the right of the City Council to re- . 1 feet any and all bids and to readvertise the Bonds for 1 sale in the manner provided'by law,and no bid for 1 ' less than all of the Bonds shall be considered.. All bids shall be sealed,and,except the bid of ' the State of Washington,if one is received,shall be ' accompanied by a deposit of$300,000.The deposit shalt be either by certified or cashier's check made payable to the City Finance Director and shall be • promptly returned It the bid is not accepted. The City reserves the right to invest the good faith depos- I it of the purchaser pending the payment for the ) I Bonds.The purchaser shall,not be credited for such •enrpines.I.f the Bonds are ready for delivery and the successful bidder snail ran and neglect to complete , the Purchase.of the Bonds within forty days follow- i ing the acceptance of its bid,the amount of its depos- , it shall be forfeited to the City and•in that event the i I City may.accept the,`bid of the one making the next best bid. If there be two or more equal bids for the ' Bands for not less than par plus accrued interest and I such bids are the best bids received,the City Council' shall determine by lot which bid shall be accepted. Any,bid presented otter the hour specified for . h the receipt of bids will not be'received and any bid, I i not accompanied by the required bid deposit at the , time of, opening such bid will not be read or considered. • ' ' - I , I I litiWOHE BW ESTABLISHED 1891 - s- SECURITY REQUIRES CUSTODY OF ENGRAVINGS PREPARED BY THIS COMPANY P.O.BOX GO8 LA GRANGE'-ILLINOISa6O525 TELEPHONE :I✓�j tU II t4'f" 482-3900 ;., AREA CODE 312 INVOICE TO: 4.) 6-,4' „ ,� �ho.,� �1� TERMS: NET ON RECEIPT OF INVOICE. City of Renton �- P �, ( lam ,r;>: Past Due Invoices are subject to a 1% per month Municipal Bldg. = 1�� i a'�' ` � service charge(Annual Rate 12%) 200 Mill Avenue South %s, 1,"� 1 5 :`�- +r F.O.B. COUNTRYSIDE, ILL. Renton, Washington 98055 A;� f��' ,r� PLEASE RETURN COPY WITH REMITTANCE Attn: Mrs . Delores Mead, City ClerkG, -- DATE REC'D OUR JOB NO. INVOICE NO. DATE OF INVOICE CUSTOMER ORDER 4-17-80 U 579 52096 4-30-80 L.4-16-80 ISSUER CITY OF RENTON, Washington Maximum No.QUANTITY DESCRIPTION Maturties No.of Ratesf NUMBERED Coupons 1200 $5000 Unlimited Tax General Obligation 19 39 7+1 1 - 1200 Park Bonds, 1980, Series A rptd. Including legal opinion, CUSIP numbers, 7 interest rates, facsimile signatures, seal and 6 day service $2151.00 Shipping charges . 70.95 (Proofs and specimens) $2221.95 SPECIMENS: Specimens sent 4-30-80 3 + 1 (1982) Bond Counsel-Roberts, Seattle, WA- - Mr. James Gay Federal 45239153 10 - Mr. Richard Kennedy, Seattle-Northwest Securities .Corp. 500 Union St. 2 - The Northern Trust Company mailed Seattle, WA 98101 delivered at signing SHIP TO: DATE SHIPPED VIA NUMBER OF PACKAGES NBN Signing Department • O�1dC0(�� J3VV ESTABLISHED IB91 411VAIT ' SECURITY REQUIRES CUSTODY OF ENGRAVINGS PREPARED BY THIS COMPANY P.O.BOX GO8 LA GRANGE,ILLINOIS,'6O525 TELEPHONE 482-3900 AREA CODE 312 INVOICE TO: City of, Renton r l;� TERMS: NET ON RECEIPT OF INVOICE. Municipal Building r. ;•� .` jf Past Due Invoices are subject to a 1% per month Z °-"', - service charge(Annual Rate 12%) 200 Mill Avenue Southt4 1 , g f;[ 'a •, .' F.O.B. COUNTRYSIDE, ILL. Renton, Washington 98055 PLEASE RETURN COPY WITH REMITTANCE <�r. •r Attn: Mrs. Delores Mead, City Clerk DATE REC'D OUR JOB NO. INVOICE NO. DATE OF INVOICE CUSTOMER ORDER, 4-17-80 S 897 52111 5-5-80 L. 4-16-80 ISSUER CITY OF RENTON, Washington Maximum QUANTITY DESCRIPTION FOR MACHINE SIGNING OF Matures No.of Ratesf NUMBERED Coupons 1200 Unlimited General Obligation Park Bonds Numbered 1 - 1200 1980 Series A Signed by one official Signing completed May 1, 1980 Including local transportation @ $60.72 and Brinks @ $1223.20 $1575.92 SHIP TO: DATE SHIPPED VIA NUMBER OF PACKAGES Bonds accepted by Ms. Delores A. Mead ::'••:. • • dOTwBLI'8'N[D'100N:''c' I CkV , l s1'JL 'f � Y t \•.,, t�' 7'IJr .ti_.._R_..�..� :;;'r,, v+ .yy[ � 5 •, r. 1 4. fli u K.N;�''rE u M P�llK1j>:- (,; -w ^I r v. S i"'7Y:=I- 1.1t� ,- .4 ' 7, 4 � 4"n •,1:::'.• • r k j 4,, •,`- , • BCCURITY R,C94JII5.9 S45TODr'DrCNGRAVINGS PRCPARCD gY.THIS N'CQ r:F'•" �.h, di, .., , ay,lw nREn CODE J,I'�i . LA ORANGE. .II!TOI0-RQS$5 : TELEPHO`NE,, vg, 1a \ a 1�,:. `. ,,1q , dir .);,;. 482- ('"'L. ' 7 INVOICE TOt i City oif Renton ;' ,'`c;'; 'x •'..#•:• '":1 :•TERMS:;NET'ON RECEIPT OF INVOICE. Municipal Building ,• ''- ,' ` '. Pa t.Due invoices are subject to a 1%per month 200 Mill Avenue "1 ,\ ::'i..,,.. , s., I 'ti'�"II.'' •service South ' e h'' •w,ti;',",�,1;; charge(Annual Rate 12°i°) • ,•:." '17..1i,Ts, "'.�'`. `"•'' F.O.B. COUNTRYSIDE ILL. Renton; Washington 98055 . ' 'I;.,, PLEASE•RETURN COPY WITH REMITTANCE Attn: Mrs. Delores Mead, .Cit ClerX.... ,, DATE REC'D OUR JOB NO.. INVOICE NO. .• •.;. DATE OF INVOICE • : CUSTOMER ORDER • 4-17-80 S• .89a 4. - ISSUER CITY OF RT;:NTON,.. Washington.. . ' , ••, QUANTITY • DESCRIPTION Maximum, FOR,MACHINE.'S GN No:of r No.of • ING OF `;"". Maturities;' No,of Rotes • NUMBERED • .. Coupons 1200 Unlimited General Obligatian•:Park fonds ;'. :•.. 'Numbered 1 1200 . 1980 Series A • , .. . • Signed by one official. • Signing completed .May 1, 1980: • Including local 'transportation°.0•$6Q.,72 and • ' 4/4..k • Brinks @ $1223.20•. * . .;. .:,'.;... . . . : "°•: .'. .$1575.92 Pd ' ' -,---,R �`9e •. ESTAH LISHED I®EI' ,' I ' ''' .: •' , ., 4iiii . EANKN N B �' I 44'. % P • ''�7ktri?:MN�;,/,.?l.�tt7;?'r"4k'J, .-`S:�': + ..�{�'h,.i,Gk,A'i4n�1 �'r . F s�lo.�'t,•��bil:�i�• .';I�NQ144v^177i'nV =Y,'7t•7?r�!T x�°4J T ';0. A'" . :.,,,,„%,,' u.� . �� a , SECURITY REOUIRE6 CUSTODY or ENGRAVINGS PROMO&DNT TRIO CQNOANY y� .n�'n� ,q.N 3 LA GRANOE;I1.>;1loIJ 60525 TE I�EPHONE %,',< "�•` ``"--� 482`=3900 's \� &:`.1,,3 5, op\ ARL•'A\COUE s{•pi�=' r` r �:,-0 INVOICE 70: 'i; .I, a'" o ,0,1 v) �"'C ';,./ • F'.c• `,'I y 2" " •'� TERMS: NET'ON RECEIPT OFT O`ICE.0 y'"� City of Renton Municipal Bldg. •• ,,,,.` • ..,,A Past Due Invoices are subject to a 1% per month tun "` " i•.-,,,A ,r`` +r, service charge(Annual Rate'12%) Mill Avenue South "' cv.;,a'r, ;',';'0',/`� F.O.B. COUNTRYSIDE, ILL. Renton, Washington 98055 I,:\.t�,'t"` ,I:1,;'' PLEASE RETURN COPY WITH REMITTANCE Attn: Mrs. Delores Mead, City C1e2j ' DATE REC'O OUR JOB NO. ' INVOICE NO.• DATE Of INVOICE CUSTOMER ORDER 4-17--80. .«5►79,:,;::.:' pG '„, (� /'� L.4-16-80 . 'n.... - ,,. . , . „.,i�i:: w !:a1:+�t',��'.�fiOI4..�, • ,. .r. 3 Q�,. ,., ISSUER CITY Or RENTON, Washington, ' ' Maximum' No.of No.of QUANTITY DESCRIPTION • Maturities . No:of • Raters ' NUMBERED Coupons. 1200:;,. $5000 Unlimited Tax Genera], `Obligat :on .: .19=• ,,', 39 7+1 1 1200 Park Bonds, 1980, •Series' A..:::.-:: ' rptd.. '• • Including legal opinion,:,'CUSIP numbers,', ' 7 interest rates*facsimile signatures, seal and 6 day service .. . . . ... . . . . .'TA$2151.00 .Shipping charges ' . . . . . . . . .'.'.. ..'.•. 0I;...... 70.9� Q .,`N -) (Proofs ,and :specimens), ' 1 . ;,:: $2221.95 T MAX 1.. 1A 1L. i ,(; . MI3At eo L` te ''l c.a '' S!�a'`�` 1.1,waa-- . a.l -, y,, 17/.C>Cl, 0,-� , 'ECIMENS: Specimens sent.-4-30-80. + '1 •(1982) Bond Counsel-Roberts, Seattle.. WA 'Mr`. 'James Gay Federal 45239153 "' . CITY OF RENTON, WASHINGTON RESOLUTION NO. 2337 A RESOLUTION AUTHORIZING APPLICATIONS FOR FUNDING ASSISTANCE FOR AN OUTDOOR RECREATION PROJECT TO THE INTERAGENCY COMMITTEE FOR OUTDOOR RECREATION AS PROVIDED BY THE MARINE RECREATION LAND ACT • WHEREAS the City Council of the City of Renton has approved a "Comprehensive Park and Recreation Plan" for the city which identifies a Community Park on the southeastern tip of Lake Washington as the num- ber one priority; and WHEREAS under the provisions of the Marine Recreation Land Act, state and federal funding assistance has been authorized and made. available to aid in financing the cost of land for parks and the con- struction of outdoor recreational facilities of local public bodies; and WHEREAS, the City Council of the City of Renton considers it in the best public interest to develop a Community Park generally loca- ted on the southeastern tip of Lake Washington west of Lake Washington Boulevard; NOW THEREFORE THE CITY COUNCIL OF THE CITY OF RENTON, WASHINGTON, DO RESOLVE AS FOLLOWS: ' SECTION I : That the above recitals are found to be true and correct. SECTION II: That the Mayor be authorized to make formal ap- plication to the Interagency Committee for Outdoor Recreation for fund assistance. SECTION III: That any fund assistance so received be used in the development of a Community Park located on ` the- southeastern tip of Lake Washington in the, City of Renton. - 1 - • • SECTION IV: That :any property acquired with financial aid ; • through the Interagency 'Comniittee for Outdoor Recreation be placed in use as an outdoor recreation facility and be retained in such use .:in perpetuity unless as otherwise provided and agreed .to by the City • I , Council, the Interagency Committee for Outdoor Recreation and any of-' fected federal 'agency. SECTION V: That this Resolution become part of a formal application, to the Interagency Committee for Outdoor Recreation. PASSED BY THE CITY COUNCIL this 19th day of May , 1980. ' Delores' A. , Mcad, 7pt lerk= • APPROVED BY THE MAYOR this • 19th day of May " , 1980• • Barbara Y. 'Shinpoch, Mayor Approved as .to form: •i Lawrence J. Warren, City Attorney • • • I � , j I - 2 - •• ESTABLISHED IB9I IN OP NORTHERANR NOTE COMPANY SECURITY REQUIRES CUSTODY OF ENGRAVINGS PREPARED BY THIS COMPANY P.O.BOX GO8 Telephone IJ \•�.— • LA GRANGE,ILLINOIS 60525 312/482 3900 nI April 23, 19 0 31er 2/48213332 rsQL� t19303/ 7 scsr ` peg�9a� (51 tom t\Nt 01 Mr. Richard T. Ki r-iedy N .0% c° Seattle--Northwest Securities Corp. N R.t o�R�N4 �o 500 Union Street 0' %J KS OF Seattle, Washington 91101 8``ILER £�,��~ Re: CITY OF RENTON, Washington 1200 $5000 Unlimited Tax General Obligation Park Bonds, 1980, Series A Dear Dick: % e are proceeding with preparation of the above captioned having received final proof a „..roval fra u bond counsel. The bonds will be completed and ready for signing .zt our plant on May 1, 1980. to trust the above information is in order aad if there is aay further question, please do "tot hesitate to contact mc. Sincerely yours, G iam D. Warner Vice Presieler,t /1y cc: Mr. James Gay Mrs. Delores Mead ESTABLISt ED I891 NORTHERN BANKYOr� C OMY'4NY 43 SECURITY REQUIRES CUSTODY OF ENGRAVINGS PREPARED BY THIS COMPANY ,,, P.O.BOX 608 Telephone Ns„...):„. s �`" LA GRANGE,ILLINOIS 60525 312/482 3900 Telecopier 312/482-3332 April 21, 1980 4110?-762-116 VIA FEDERAL EXPRESS `L�'� ,9'''O ti 19 Mr. James Gay pQF� 80 Roberts, Shefelman, ::e , Gay do Moch �C�‘\1 � 1818 IBM Building R R � 1200 Fifth Avenue `y C1� °�, oFF10E �? Seattle, Washington ,fl`C1.ER1CS � �'� Ial1Qti Re: CITY OF RENTON, Washington 1200 $5000 Unlimited Tax General Obligation Park Bonds 1980, Series A — Maturing 1982 - 2000 Dear Jim: 0 Two proofs and maturity schedules for the above issue are enclosed herewith fr,r your approval. We will appreciate receiving this tomorrow, April 22nd, n1 so that we can complete the bonds in the most expeditious manner. At the t.me of signing we will provide you with three specimens of the last maturity and one of the first. In addition, ten specimens will be furnished to Dick Kennedy and two specimens to The Northern Trust Company. Shortly thereafter our invoice will be directed to the City for the attention of Mrs. Delores A. Mead. SEE REVERSE SIDE FOR TERMS AND CONDITIONS OF SALE. I look forward to hearing from you tomorrow with proof approval. Sincerely yours, William D. arner Vice President pbj Enclosures cc Mr. Richard T. Kennedy (w/encls.) Via Federal Express Mrs. Delores A. Mead TERMS AND CONDITIONS OF SALE, INCLUDING LIMITATION OF LIABILITY The Buyer shall provide Northern Bank Note Company with necessary shipping instructions and a shipment date a reasonable time prior thereto, and Northern Bank Note Company agrees to ship such materials via a responsible carrier selected by Buyer, or if Buyer fails to designate a particular carrier, by a carrier selected by Northern Bank Note Company. Delivery of the materials to a carrier shall be deemed delivery to the Buyer and thereupon title to such merchandise, and risk of loss, damage or delay in delivery shall be the Buyer's. At the Buyer's request, Northern Bank Note Company will assist the Buyer in any reasonable manner in collecting claims against the carrier. Northern Bank Note Company shall not be liable for any losses, damages, or expenses incurred by Buyer resulting from the acts or omissions of any party, including, but not limited to, the carrier, after the delivery by Northern Bank Note Company of the materials to the carrier. Northern Bank Note Company shall not be liable for incidental or consequential losses, damages or expenses, directly or indirectly arising from the sale, handling or use of the materials and Northern Bank Note Company's liability hereunder in any case is expressly limited to the replacement of the printed materials. Buyer agrees to pay all transporation charges incurred after the materials are delivered to the carrier. ADVICE OF SHIPMENT ESTABLISHED 1991 1 NORTHERN BANK NOTE COMPANY i SECURITY REQUIRES CUSTODY OF ENGRAVINGS PREPARED BY THIS COMPANY P.0..!$�Q1LQ"c LA GAANO 7J 1�OI s'• '... TELEPHONE �J 482-3900 JJ. AREA CODE 312 INVOICE Tb: INII�X 1980 c�... Valtelt• la 'CN8 RECE�V 9 •' TERMS: NET ON RECEIPT OF INVOICE. �M� °�..> tm of RENS0 <, Past Due Invoices are subject to a 1% per month 21 L ONO ,> offict v service charge(Annual Rate 12%) N. ,�ER}K7 e. PLEASE F.O.B.RETU COUNTRYSIDE, COPY V✓ITH REMITTANCE Atteli M+ end. C- . - DATE REC'D OUR JOB NO. INVOICE NO. DATE OF INVOICE CUSTOMER ORDER 417-8o t S79 L.4-1111-0"1 ISSUER 1. 111.11116 Vallidagtai Maximum QUANTITY DESCRIPTION No.of No.of No.of NUMBERED MaOF Maturities Coupons Rates 1200 MOO 4111l llama Fest INN& wee 1 1200 1!M Illities A Sigma. W fame 0 flidal ZIL,67 Ivt'J AOvE /1V v Ohl 'era.0 s , c,,y_i 0 n ae v/3c.vco -7-- C O`er 1 ,LiAVk (c 2uQ ✓' SHIP TO: DATE SHIPPED VIA NUMBER OF PACKAGES 6(4' / 04.< i ...---- ' 711pHER ADVICE OF SHIPMENT ESTABLISHED 1891 NORN BANK HATE C MPAN , SECURITY REQUIRES CUSTODY OF ENGRAVINGS PREPARED BY THIS COMPANY P.O.BOX GOB LA GRANGE,ILLINOIS 60525 TELEPHONE 482-3900 • AREA CODE 312 INVOICE TO: TERMS: NET ON RECEIPT OF INVOICE. Past Due Invoices are subject to a 1% per month service charge(Annual Rate 12%) C F.O.B. COUNTRYSIDE, ILL. PLEASE RETURN COPY WITH REMITTANCE DA E R D � R J B N INVOICE NO. DATE OF INVOICE CUSTOMER ORDER 41.i71- I s!!r : 1..4.-111.40 ISSUER Mir r wirais, issaidagtak Maximum QUANTITY DESCRIPTION Mat��°°feS No.of Ratesf NUMBERED C. Coupons i .. Adhajltadl it sid. ab11Ijsotils 1. ,b ;~ 'Vern 1 " INS 'dime by Sas illy ide,x i veoAovF /1VO a ieToA)S e<. i'l L OEO ' 7 *C a-7/`-e O`T�`7) ,...,,,;2...Z..4-7..„-- �ivk 's -2ti e . �_ ° - SHIP TO: DATE SHIPPED VIA NUMBER OF PACKAGES I e(is' 1 11. 11,10;4...- ...,_ Jeis4Aw q. 72Vi r (Unless the bond referred to below has been previously redeemed) MAY r (Unless the bond referred to below has been previously redeemed) ON NOV. 1, the CITY OF REN ON', WA #INGTON,— '' 'e E W I 'fTON, ,itt:, 5: upon presentation and surrender of coupoh,will ay to the bearer{at the '� . p tatlo an surre der this cou pay•t thebearer at the 1981 office of the FINANCE DIRECTO of�Cltyy or,at the ption f the hold — 19 1 r • of t FIN C DIR CTO of `rot, t the bOtiol}of the holder, ) 1 at either he FINANCE agency of the State�tf i on in`SeayyQQrC Whitn on, r Il er a of th Stat bC Ashington• Seattle,{jjl+ashington,or 7. 3.75 New York,New York,the amount shown hec'eon in lawful$loliey the ni •7 York New Y ,the otmt hown..lu�ieon in 1 Wful nilane of the United +CStates of America,that sum being the,interest due ttat date on, s ;5 of ca, t urn g,the interest due that date oQ its =_ "UNLIMITED TAX GENERAL OBLIGATION PARR BOND,19 "U LI ITED RA�Ir-OBY.IGATIO PARI{BOND,1980, SERIES et."-d�t d M'y 1,1980,land NUMB R r SE IRS A" ated May ,19]h,��and NUMBERED.;, (l OIfi REItTON.WASHI GT N. CITY1)F BNTONI WASHINGTON L I T: L.,8 ATTEST: 4\ 7�7�I• Stiff o W - c r.0, 1W� o w u City Clerk `_ ` �% i• P MaYo No. Cler` t 1 P Mayor 1\O. 2 ,\ .,v i., (Unless the bond referred to below has been previously redeemed) ON MAY 1 the CITY OF BEN i W cTre l` upon presentation and surrender of i cou will y to the�eazert"at the 19 �' � E attire of the FINANCE STO of ,rt.!on,a the n os the fold t �`` � 5uuti Sat either fiscal agency of the State.f M on m Seatitle WashinpJ[oin r" j - New York,New York,the amount shown hateon in laNirful Sh't ey Of the'Uni ,,,,,„4„:; 'q States of America,that sum being the Interest due tt at onjlts �t�`' . °' "UNLIMITED TAX GENERAL,OBLIGATION PAR BOND,19 �' _-_- _ __ � tl, '.d¢" SERIES A"Tod y 1, 19g0,(alid NUMBER t -- a �� / ` iG TY•O$REb1TON.WASHINGTQTI, f "�/ * ATTEST: \ a _._�/r' CI / Sk o w LI QClty Clerk `" wP Mayor -- No. -.'..3 < - ,� a a " i \ A Z 'sue•>% rE a V 1 I"''/ ' UNITED STATES OF AMERICA No ' . t, \ , 1\:'! '� STATE OF WASHINGTON /` =R_ CITY OF RENTON r` UNLIMITED TAX GENERAL OBLIGATION '` „„. k. „ ; PARK BOND, 1980, SERIES A ;',e; 9.75% it s Th 3 City of Renton, Washington (the "City"), for value received hereby promises to pay to bearer on the FIRST : `" DAY OF MAY, ,';:l!,,„r.. THE PRINCIPAL SUM OF FIVE THOUSAND DOLLARS — ' together with interest thereon at the rate of 9.75% per annum, E ;, until fully paid, payable on May 1, 1981, and once not less than thirty nor more than forty-five days V. E `" semi annually thereafter on each succeeding November prior to the call date, and a copy of such notice shall be ,5; ltk* 1 an I May 1, as evidenced by and payable upon the mailed within the same period to the main offices of !r:47 f: '': res 3ntation and surrender of the attached interest Seattle-Northwest Securities Corporation and The !,,7.44 ;� "\' coupons as they severally become due, and if this bond Northern Trust Company, or their successors. In s% has i of been redeemed by its maturity when presented addition, such notice shall also be sent to Moody's ' - for p,iyment, with full obligation on the part of the City to Investors Service, Inc., and Standard & Poor's Yfs Corporation at their offices in New York, New York, but pay interest at the same rate from and after maturity, in P rv'`�„ ' the mailing of such notice to such New York firms shall ;,,.` ; li: the Ebsence of coupons, until this bond with interest is not be a conditionprecedent to the redemption of such '0'4,y pr,I paid in full or until suf� ent money�f yment in p rj� ei full s on deposit i�he "Unl Gen ds. Int �. ny bonds j led for redemption 1,;, Oblication Park Bon nd, 19804' F I cea' %e cal) dad i�� payment of the em (ion ? lc_� the' cn• -,,,, _ and this bond has ,called firedemption - p �j /%%% bond is payable al a s1/' terest, in //The City f, h ry the n• i ' purchase any of AN fo p y / Bonds o h m m c4 at %y, e at a price not F money of the Un to A at the off l �� `excess off/ar ac eu in n, t the F finance Dire f t "t on Ate hold 3r, at eith sea agen t to %The City, r-9 ,eve ablyr .jam/=s itself to levy ,Aj es an. w limtl•d a .te or amount on 3 ? Washington in S ashingto , or N rk, /, York / grope th, i,,, su ect:to j ton in an amount > �j Vt.:" tcient t th er%m � legally available ,�A Th s bond is one of is $ ,00 / / /� " value of bonds n "U d G to d �� for a // principal of and 5pyrest B s t m I accrue, and the w Oblic ation Park Series o %%l y/ faith it es o�' " City are hereby �� li all o like date a eCt, ex p u �� //�/�� i,rr' voca d• / .r t m--rt: f the principal of . ; 9 matu ities, optio tio>1 ati i t Oitl/ ante n . -�•nd % 0 --._� issued by the t tc • ' peels/el �%auth lrizing the sa r stric rip ct. is he3" c'�"e -d II conditions, and 4 44110 ngs re. .de- d 'nt to and in the r purpi lees, other than /replace quipmen guance o/i// d have been done, have happened prov ded in Ordinan No. 3399, amended b and have been performed as required by law, and that Ordii ance No. 3404, and is issued in full compliance theoes not exceed any constitutional or statutory total indebtedness of the City, including the Bonds, it 4� d with30 the ordinances of the City and the laws and Cone titution of the State of Washington. PIO WATh 3 City reserves the right to redeem any or all of the limitations. %% IN WITNESS WHEREOF, the City has caused this :-,:i Bones prior to their stated maturity dates as a whole, or bond to be signed by the facsimile signature of its in pal in inverse numerical order, on May 1, 1990, or on f Mayor and attested by the manual signature of its City any :emiannual interest payment date thereafter, at par Clerk and a facsimile reproduction of its corporate seal �' plus accrued interest to date of redemption. to be printed hereon, and the interest coupons attached '•,',: "6•Ab Nctice of such intended redemption shall be to be signed with the facsimile signatures of those ; °, °��r, publi Shed in the official newspaper of the City at least officials this first day of May, 1980. j; r � i7446 ii CITY OF LENTO , W HINGTON • ATTEST: D i\`� . .......4'lb By "f c,•; • -061,4: +fir�R y��/� >' h; �/' ia :1! 1 '`'`�t'�ee�r41.1.' p chi totem��t1��`a,, % 1 I.� k 9JWl IllAoq°••°.. .•.,\0=i '':I City Clerk the\\\\\\`"`� Mayor ?9' rti`t,l C.�`�� /. � 1 `.9jr:!t Vlr�\\t\ �i�:.�0 /', •yi1 \\1��w�L7 1`iir\try - rNji ',.''. 3 ! 4 al.S'3. , ,�,t� \ s p i !q 1 ti t ) V�e i ' g5i3/� 1,k,`\b\ :�`--- - 7' n It\\' ice\ c s. t ::4 -44 ;::= ti`�\, , j�j�jj q 4 'u T b ' `.•a "/$,��"`�Ft;`t)Zt rf „` \ eT �'�, ,w�`� ti` A �•i ' �f//"f to /' \.1 �•: Pi /�" .�°:`P 1 Itkh z.`A.. IRI.I /)rt, \�11N/ I 'y\ IW.,,V /I fl ;,tak1 ti—w:,g0, IPo �i I 1��'�t,1��F, ,9,N� A . i F,CL :\Iztl..".//''�/eM2';'-,t*O um'a'76 .' ,z'1p, U\ _it 1r,,,, `+!j/r„4G \. :qjG ,M7•%, N,„ � y .yIt , •1txilf/I,I,t., dQ1 -,0�•4 !, `�i r../,/i fed` �P � ._ ©Neu I MA.PIA carre ooa•au+a"..' -- --- -- - - rtrpf LEGAL OPINION "�I�7 . 3 r 1� ....,„ :-17:::(",*,48I,' I.DELORES A.MEAD.City Clerk of the City of Renton,Washin ton, that the ""` '"" t. {+ , _ „ g hereby certify following is a true Copy of the complete a �r- legal opinion of Roberts,Shefelman,Lawrence,Gay&Moch,attorneys,Seattle.Washington,triplicate originals of which were — t- \ yqr. S , manually.executed,dated and issued as of the date of delivery of and payment for the bonds referred to below,one of which is on file ,� if in this office,one of which has been furnished to Seattle-Northwest Securities Corporation,Seattle,Washington,and one of which has "+ °c , been furnished to The Northern Trust Company,Chicago,Illinois. �, NO • i` Sii ih{" Eq. , � ro t ,: ; cf b i'I's : City Clerk of the City of Renton,Washington t; V UNITED STATES OF AMERICA a 14ti# STATE OF WASHINGTON - li # ip k_ ROBERTS,SHEFELMAN.LAWRENCE,GAY&MOCH 1 Et 1818 IBM Building ,, CITY OF �,. Seattle,Washington 98101 a� gu -::• ;i City of Renton Washington Tttr�r.. RENTON "�' `�PleIl `° �'and 1. ,s*! : t7• • Seattle-Northwest Securities Corporation WI ''�fdlh : : 500 Union Street art 7 r_y.� t' . Seattle,Washington CUSIF i 60133 CU O t,"(- 1S4' and ,•,• \ rtY'E ;i4 The Northern Trust Company i �7 - �:�' 50 South LaSalle Street �t eygi' e;rft,i 5' 'F`x' Chicago,Illinois {A = o hA ,r • and .rt '. .,i1 Z iEi Associates ,Tit �� i. ne ter'' {ib�t� �7,2' '' Re:City of Renton,Washington,$6,000.000 .. ,{; + ;T r ii i ;xd �I "Unlimited Tax General Obligation Park �, x f tF'` 7 ,,. Bonds, 1980,Series A' \'' ., -•.'` ..051.4 We have examined a certified tranacripl of proceedings had by the City of Renton.Washington(the"City"),relating to its issuance //r-W2-;, "�°'ti'. ilitlitto;;• Of the above-referenced bonds(the"Bonds"),and have also examined executed Bond No. 1 with coupons attached, s.. r e gE,at,„; ` '4�?The Bonds are in the denomination of$5,000 each;are numbered from t to 1200,inclusive;are dated May 1, 1980:and bear r • :. 7interest at the rates set forth below payable May 1, 1981,and semiannually thereafter on each succeeding November 1 and May 1. i re 1r 1.13ji,,.pl ?.i(II." sy.The Bonds bear interest and mature on May 1 of each year in accordance with the following schedule: }'�: Bond Numbers Interest Maturity :1� ^�, n �f c !�:� gii1+Q), (Inclusive) Amounts Rates Years .'__-_'y, 7•'a�/p • ` 't'"i;NFi#' :c :;: x!fiti( 1 to 29 $145,000 9.75% 1982 `+;�;o':•'' 'j' tiiYeii� 30 to 59 150.000 9.75% 1983 ';S: s0 too 91 160,000 600,000 9is% 798 s UNLIMITED TAX GENERAL 3t i n it 127 to•164 190.000 9.75% 1986 ,§ OBLIGATION PARK BOND ` ;Irif 165 to 205 205,000 9.75% 1987 111A 1980, SERIES A li'-�!•' .rvr'r 206 to 250 225,000 0.75% 1988 II4•i � 251 to 299 245.000 8.90% 1989 .,,si."7 q.?i M iiI •i°' 300 to 352 265,000 7.75% 1990 t�0 -,,1 t'I' I i 353 to 409 285,000 7.75% 1991 { DATED MAY 1, 1980 'Pia!'; b 410 to 471 310.000 7.75% 1992 to, ttt'' iilri IFz71 472 to 538 335.000 7.75% 1993 ' DUE MAY 1, �� 7 539 to 611 365,000 7.80"b 1994 • 3• :,.r:,ri612 l0 690 395,000 7.90"h 1995 . XI - 691 to 776 430,000 8.00% 1896 '. .d fl 777 to 869 485,000 8.00% 1997 i..7,, -,4 I 670 to 971 510,000 8.10% 1998 >"} CALLABLE IF DUE APT-ER MAY 1 1990 3'7j„s 972 to 1081 550,000 7.75% 1999 :; , 1�,'a• r p• 1082 to 1200 595,000 7.75% 2000 p lv,,. 't'• ;; gip;;-(;?Ir The City has reserved the right to redeem any or all of the Bonds prior to their stated maturity dates as a whole,or in part in inverse +'%�wil$ INTEREST PAYABLE MAY 1 1981 ,Y3x;'• i1`n ;; numerical order,on May 1,1990,or on any interest payment date thereafter,at par plus accrued interest to date of redemption,and in '0'i' AND SEMIANNUALLY THEREAFTER ,1`' : ::�`:' the manner provided in the Bonds. ?...!;,:::.j,:ifi'll ;';t iTd,The City has irrevocably pledged itself to levy taxes annually without Iimitation as to rate or amount on alt property in the City ON NOVEMBER 1 AND MAY 1 airy:-;. , )subject to taxation in an amount sufficient•together with other money legally available and to be used therefor,to pay the principal of - 7•i,and interest on the Bonds as the same shall become due,and the full faith,credit and resources of the City have been irrevocably "� . °meta' ' PRINCIPAL AND INTEREST .�3 • r,d, pledged for the payment of the principal of and interest on the Bonds. - � :, { We have not reviewed and thus express no opinion concerning the compleleneas or accuracy of any official statement,offering PAYABLE AT t;;, circular or other sales material relating to the issuance of the Bonds or otherwise used in connection with the Bonds. THE OFFICE OF THE _• '' :1 ,( It is our opinion that,as of the date of the initial delivery of the Bonds to the purchasers thereof and lull payment therefor.(1)the ;;ire ,. Bonds have been lawfullyissued and constitute a validgeneral obligation of the Cityr„4r CITY FINANCE DIRECTOR ;.,'`�'/¢ •��•. g payable from annual ad valorem taxes to be 7•':•• ••s7`t r•.F levied without limitation as to rate or amount upon the taxable property within the City,except only to the extent that enforcement of eft.:I, "\ � ;)',• ## payment may be limited by bankruptcy,insolvency or other laws affecting creditors'rights generally,and(2)under existing federal law ir RENTON, WASHINGTON ,S,41i,;� :a.}t__ia! and rulings,the interest on the Bonds is exempt from federal income taxes. `1e(di OR, AT THE OPTION OF THE HOLDER, AT : 2k: :-1i:'k'Fii Respectfully submitted, Ju,I`;: EITHER FISCAL AGENCY OF THE ';1A. y5ir~i.h 3 'far C uIt„ /�,�y ��?O�D___ ,,I_-_ c,,,, STATE OF WASHINGTON IN SEATTLE, +^yi AB / �"`"`, Y, '' rgi .c•� WASHINGTON OR NEW YORK, NEW YORK 1711I ': • °viL . LAW OFFICES ROBERTS, SHEFELMAN, LAWRENCE, GAY & MOCH 1818 IBM BUILDING SEATTLE,WASHINGTON 98101 TEL.12061 622-1818 May 5, 1980 City of Renton, Washington Legal services as bond counsel, including preparation of legal proceedings and furnishing approving opinion on $6 , 000, 000 par value of "Unlimited Tax General Obligation Park Bonds, 1980, Series A" dated May 1, 1980. $6,625. 00 Out-of-Pocket Expenses: Long distance telephone charges (to bond printer) $ 2. 31 Federal Express charges (forwarding bond form to printer) 16. 50 Total 18. 81 Total amount due $6, 643. 81 JG/mlc This statement may not include expense items such as telephone, telegrams,filing fees,etc.for which we have not yet been billed. z .:y SIGNATURE IDENTIFICATION AND 'NO-LITIGATION CERTIFICATE 4 , DELORES A. MEAD, hereby certify that I am . the City Clerk . of the. City of Renton, Washington , and have been at all times . since October 1, 1972,' and that BARBARA Y. SHINPOCH is the May of the City of Renton, Washington, and has been at all times since ' January 1 , 1989.' I I further certify that I have executed $6,000,000 of "Un_ ; limited. Tax General Obligation Park Bonds , 1980, Series A," of : the City of Renton, Washington, numbered from 1 to 1200 , .inclusive , ;in the denomination of $51,000 each, dated May 1, 1980, and bearing ; interest at the rates set forth below, payable on May' l, 1981, iand • semiannually thereafter on each succeeding November 1 and May 1.1 The bonds bear interest and mature on May 1 of each year in accor dance with the following schedule : Bond Numbers Interest Maturity • ( Inclusive) Amounts Rates Years 1 to 29 $145,000 9.75% 1982 30 to 59 • 150,000 9 .75% • 1983 60 to 91 160,000 9.75% 1984 ' 92 to 126 - 175,000 9.75% 1985 127 to 164 190,000 - 9 .75% . 1986 165 to 205 205,000 9 .75% . 1987 206 ' to 250 225,000 . 9 .75% 1988 251 to 299 - 245,000 8.90% 1989 300 to 352 265,000 7 .75% 1990 ' ' 353 to 409 285,000 7 :75% 1991 410 to '471 310,000 7.75% 1992 i. A472 to 538 335,000 7 .75% 1993 539 to 611. 365,000 7 .80%. 1994 612 to 690 • 395,000 7.90% 1995 691 to 776 430,000 8 .00% 1996 777 to 869 . 465,000 8 .00% . ' 1997 870 to 971 510,000 8.10% 1998 1 • • 972 to 1081 550,000 7 :75% 1999 1 1082 to 1200 .,595,000 - 7 .75% 2000 I further certify that I have signed. each of the aforesaid bonds as ,City Clerk of ; the City of Renton, Washington, and that the bonds bear the facsimile signature of BARBARA Y. SHINPOCH, Mayor of the City of Renton, Washington, and that the coupons attached to the bonds each bear out facsimile signatures.. . I further certify that no litigation of any nature is now pending, or, to myknowledge, threatened, restraining or enjoining the issuance and delivery of the' bonds or the levy and collection of taxes to pay the principal and interest, or in any manner questioning the validity of the bonds thereunder, that neither :the corporate existence or !boundaries of. the City nor the title of the present officers to their respective offices is being contested, ) and that no authority or proceedings for the issuance of such bonds has been repealed, revoked or rescinded. , I SIGNED this 5th day of May, 1980. • • • DELORES A. MEAD, Clerk of the • City .of Renton, Washington I HEREBY CERTIFY that I am V//Ce , 6d,Our I ,AF04 l444.4a of theAN(I} X/ - jc,d1L 4 We dL /.�/.4� ek-Arjyv lk and that II am personally acquainted with DELORES A. MEAD, and that I know that she is now and was at the time of signing the $6,000,000 of "Un- limited Tax General Obligation Park Bonds , 1980, Series A," dated May 1, 11980 , of the City of Renton, Washington , and the Signature I I Identification and No-Litigation Certificate to which this certifi- cate is attached, the duly acting City Clerk of the City of Renton, Washington. I do further identify the signature of DELORES A. MEAD as City Clerk of the Cityof Renton, Washington, on the above-described 1 bonds and the certificate attached as being in all respects genuine and the facsimile signature of BARBARA Y. SHINPOCH as Mayor of the City of Renton, Washington, on the bonds and the facsimile signa- tures of BARBARA Y. SHINPOCH and DELORES A. MEAD on the coupons attached to such bonds as the true facsimile signatures of those, officials . • DATED at Renton , Washington, this 5th day of May, 1980.• . i • COUNSEL LAW OFFICES JOHN E.HAVELOCK • • HAROLD S.SHEFELMAN ROBERTS, SHEFELMAN, LAWRENCE,GAY & MOCH • JAMES P.WETER(1877-1959) VICTOR D.LAWRENCE F.M.ROBERTS 11 8 8 0-19 731 JAMES GAY 1818 IBM BUILDING JAMES C.HARPER(RETIRED) ROBERT G.MOCH GEORGE M.MACK SEATTLE,WASHINGTON 98101 BRIAN L.COMSTOCK TEL.(206)-622-1818 TIMOTHY R.CLIFFORD JAMES S.TURNER LEE R.VOORHEES,JR. SUITE 302 WILLIAM N.APPEL • DAVID B.SWEENEY 2600 DENALI STREET WILLIAM A HENNETT G.TONKIN DAVID A ANCHORAGE,ALASKA 99503 ROBERT H.CAMPBELL i TEL (907) 276-1358 ROBERT G. MULLENDORE• GARY N.ACKERMAN ROGER A.MYKLEBUST DIANE D.KENNY JON W. MACLEOD PAUL L.AHERN.JR. WILLIAM H.SONG STEVEN E.CUMMINGS • TERESA V. BIGELOW Re: City of Renton, Washington, $6, 000, 000 "Unlimited • Tak General Obligation Park Bonds, 1980, Series A" I, JAMES GAY, make this certification on behalf of the law firm of Roberts, Shefelman, Lawrence, Gay & Moch, Seattle, Washington, and certify as follows : 1. I am a member of the law firm of Roberts, Shefelman,' Lawrence, Gaye & Moch of Seattle, Washington, bond counsel for the . City of Renton, Washington (the "City" ) , and I have read the May 5, 1980, Certification of BARBARA Y. SHINPOCH concerning the City's • $6, 000,000 "Unlimited •Tax General Obligation Park Bonds, 1980, . Series A" dated May 1 , 1980, and delivered and paid for on May 5, 1980 (the "Bonds" ) . • 2. I have conducted an investigation regarding the issuance of the Bonds which has included a review of the transcript of pro- ceedings had by the City relating to the issuance of the Bonds and consultation with John Webley, Parks Director of the City. My investigation ' included inquiries regarding: a. ; The commencement and completion dates of the • acquisition and construction of the Improvements, as that term is defined in Mayor Shinpoch 's May 5, 1980', • certification, the City's plans to proceed with due diligence with work on or acquisition of the Improve- ments and the execution or plans for execution by the City of ! the binding obligation with a third party referred to in Mayor Shinpoch 's certification; b. ' The amount and timing of expenditures of pro- ceeds of the Bonds and any investment or reinvestment earnings therefrom received during the term of the • Bonds upon the Improvements or upon administrative expenses of the issue during the temporary period; c. ' The funds reasonably expected as of the date of Mayor Shinpoch 's certification to be utilized for the payment of principal of or interest on the Bonds and the , timing of those expenditures; • d. . The existence or nonexistence of proceeds of the Bonds or funds treated as proceeds of the Bonds following the appropriate temporary period for invest- ment of ' those proceeds; e. The City's plans for the sale or disposition of the Improvements; f. ; The amount needed for the purpose of the Bonds and theamount of the Bonds; and • *WASHINGTON STATE AND ALASKA BARS. "ALASKA BAR ONLY. ALL OTHERS WASHINGTON STATE BAR ONLY. • . g . : The structuring of the debt service schedule for theIBonds . 3 . It is my unqualified opinion, which is given in good faith and which I believe is reasonable, that the Bonds are not arbitrage bonds. Dated May 5 , 1980 . ROBERTS, SHEFELMAN, LAWRENCE , GAY & MOCH By J mes Gay _ I II - 2 - • • COUNSEL LAW OFFICES JOHN E.HAVELOCK • r HAROLD S.SHEFELMAN ROBERTS, SHEFELMAN, LAWRENCE.GAY & MOCH JAMES P WETER(18 77-19 5 91 VICTOR O.LAWRENCE F.M.ROBERTS(18 8 0-19 731 JAMES GAY 1818 IBM BUILDING JAMES C.HARPER(RETIRED) ROBERT G.MOCH GEORGE M.M..CK SEATTLE,WASHINGTON 98101 BRIAN L.COMSTOCK TEL.(206) 622-1818 • TIMOTHY R CLIFFOPO JAMES S.TURNER LEE R.VOOR'^EES.JR. SUITE 302 WILLIAM N.APPEL DAVID B.SWEENEY 2600 DENALI STREET WILLIAM G.TONKiNETT: ANCHORAGE,ALASKA 99503 DAVIO A.BEN�ETT � ROBERT H.CAMPBELL TEL.(907) 276-1358 ROBERT G.MULLENDORE r GARY N.ACKERMAN ROGER A.MYKLEBUST DIANE D KENNY May 5, "1 1 98 Joni W. MACLEOD • May 7 PAUL L.AHERN.JR WILLIAM H.SONG STEVEN E.CUMMINGS TERESA V.BIGELOW/ City of Renton, Washington and • Seattle-Northwest securities Corporation . 500 Union Street Seattle, Washington and The. Northern Trust Company 50 South LaSalle Street Chicago, Illinois • and - Associates Re: City of Renton, , Washington, $6,000, 000 ' "Unlimited Tax General Obligation Park Bonds, 1980, Series A" • We have examined a certified transcript of proceedings had by the City of Renton, Washington (the "City") , relating to its issuance of the above-referenced bonds (the "Bonds") , and have also examined executed Bond' No: 1 with coupons attached. ThelBonds are in the denomination of $5, 000 each; are numbered from l to 1200 , inclusive; are dated May 1, 1980; and bear interestlat the rates set forth below payable May 1, 1981, and semiannually thereafter on each succeeding November 1 and May 1. The' Bonds bear interest and mature on May 1 of each year in accordance . with the following schedule: Bond Numbers Interest Maturity ' (Inclusive) Amounts Rates Years 1 to 29 $145,000 9. 75% . 1982 30 to 59 150, 000 9.75% 1983 60 to 91 160, 000 9.75% . 1984 92 to 126 175, 000 9. 75% 1985 127 to 164 190,000 9. 75% 1986 165 to 205 205,000 9. 75% 1987 206 to 250 ! 225,000 • 9.75% 1988 251 to 299 245, 000 8 . 90% 1989 300 to 352 265, 000 7 . 75% 1990 353 to 409 285,000 7 . 75% 1991 • 410 to 471 310, 000 7 .75% 1992 • • • *WASHINGTON STATE ANO ALASKA BARS. "ALASKA BAR ONLY. ALL OTHERS WASHINGTON STATE BAR ONLY. 1 City of Renton, Washington I ' and Seattle-Northwest Securities Corporation ; a and j H j The Northern Trust Company . and I . • Associates May 5, 1980 1 Page 2 472 to 538 335,000 - 7. 75% 1993 539 ''to 611 ' 3365 ,000 7 . 80% '1994 612 ,Ito 690 195,000 7 . 90% • 1995 691 to 776 430, 000 8 . 00% 11996 777 to 869 • 465,000 8 . 00% ;1997 870 'to 971 510, 000 • 8 . 10% . '1998 972 ''to 1081 550, 000 . 7 .75% 11999 • 1082 ; to 1200 595, 000 7 .75% 2000 • The City has reserved the right to redeem any or all; of . the Bonds prior to their stated maturity dates as a whole, or in part ' in inverse numerical order, on May 1, 1990, or on any interest payment date thereafter, at par plus accrued interest to date of redemption, and in the manner provided in the Bonds. II The City has irrevocably pledged itself to levy taxes annually without limitation as to rate or amount on -all property . in the City subject to taxation in an amount sufficient, together with other money legally available and to be used therefor, to pay the principal of andjinterest on- the Bonds as the same shall become due, and the full faith, credit and resources ..of the .City have been irrevocably pledged for - the payment of. the principal of and interest ' on the Bonds. We' have not reviewed and thus express no opinion .concerning . • the completeness or accuracy of any official statement, offering • circular or other sales material relating to the issuance oflthe Bonds or otherwise used in connection with the Bonds. I • It is our opinion that, as of the date of the initial delivery Of the Bonds to the purchasers thereof and full payment . therefor, (1) the Bonds have been lawfully issued and constitute a valid general obligation of the City payable from annual a'd1valorem taxes to be levied without limitation as to rate or amount upon the taxable property within the City, . except only to the extent that • enforcement off payment may be limited by bankruptcy, insolvency or other laws affecting; creditors' rights generally; and (2) under . existing federal law and rulings, the interest on the Bonds i.s exempt from federal 'income taxes. 1 ; . . Respectfully submitted, 1 }- 1/44fi. 4 k--,146, 1 j • b i ✓ . CERTIFICATION OF BARBARA Y. SHINPOCH, CONCERNING $6,000 ,000 "UNLIMITED TAX GENERAL OBLIGATION PARK BONDS, 1980, SERIES A" - OF THE CITY OF RENTON, WASHINGTON I, BARBARA Y.. SHINPOCH, make this certification on behalf of the City of Renton, Washington (the "City" ) , and certify as follows: 1. I am the Mayor of the City and am an officer of the City responsible for issuing the City's $6,000 ,000 "Unlimited Tax General Obligation Park Bonds, 1980 , Series A" dated .May 1, 1980, and delivered and paid, for on the same date as the date of this , certification (the "Bonds" ) . 2. The following is a summary of the facts and estimates with respect to the Bonds which I reasonably expect to be true on the date the Bonds are ',issued. • ! a. Purchaser, and Purchase Price of -the Bonds . The Bonds • will be sold to Seattle-Northwest Securities Corporation of Seattle, Washington, The Northern Trust , Company of Chicago, Illinois, and Associates (the "Purchasers" ) , at a price of par plus accrued interest. b. Purpose of Issuing the Bonds . The Bonds are being' .', issued for the purpose Of providing the funds necessary to pay the cost of 'constructing recllreational facilities including boat launch, fishing pier, trails , day moorage, parking,.. floating structures, and . other equipment and materials incident thereto at the Gene Coulon Memorial ',Beach Park (the . "Improvements" ) ordered to be carried out' by City Ordinance No. 3336, as amended by Ordinances Nos. 3343 and I • 3350. , I • I ' - i l 7 ' 'i c. Construction Schedule for the Improvements . • 1 . 1 1 1) Cost of the Improvements. The cost of the 1 ' Improvements is estimated to be $7,200 ,000 , which cost will bel paid ' i 1 fromthe proceeds of . the issuance and sale of the Bonds after 1 payment of ail expenses of issuing, selling and delivering the, I I Bond , $129,000 Forward Thrust Funds, $256,000 from the United i States Land and Water Conservation funds, ,and from investment' 1 proceeds to be received by the City from the temporary investment 1 I ' of the proceeds of th'e Bonds during the construction period'. ' The 1 1 net amount received by. the City as a result of the sale of . the �1 . �. 1 Bonds ,, after payment of all expenses of . issuing,' selling and ' I'1 . delivering the Bonds, � is not expected to exceed the amount neces- f 1 i 1 sary for the Improvements. . . 2) Commencement of Construction. A contract for . � I 1 architectural services, has already been entered into in the amount ' _of 8 .8,E of the construction. budget, which contract now amounts to . 1 1 , $525 ,000. Construction of the Improvements is expected to begin duringAugust 1980, and to proceed with due diligence to completion which is expected to occur by December 1982. I 1 1 d. Funds Into Which Proceeds from the Issuance and Salle of the !Bonds will be Deposited. The principal proceeds to be d,e- E " I rived by the City .fromlthe issuance and sale of the Bonds will be deposited in the .City's "Gene Coulin Memorial Beach:-Park Construe- . II • tion Fu,nnd" and utilized! for the payment of the costs of. the Improve- ments a•e aforementioned. The accrued interest to be received byl the City from the Purchaser of the Bonds will be deposited in the;, 1 1 City's "Unlimited Tax General. Obligation Park Bond. Fund, 1980" ! I I 1 I l (the "BOnd Fund" ) and utilized for payment of debt •service on the 1 Bonds on their first interest payment date. , 1 I 1 I, • 2 I - 1. i 1 1 • 1 • l . I i 4 . I. I ' e. Payment of Bonds • . iiI .1) Debt Service Structure . The Bonds are general • _ • obligation bonds of the City and by statute must be serial in iform and have approximately level debt service. As much of the debit 1 service on the Bonds ' as is practicable has been scheduled in ; I each1year before May1, 1, 1990, the first call date of the Bonds. i 2) Source of Payment . The Bonds are payable from 1 1 1 the proceeds. of property taxes levied against real property subject to taxation located within the City and other funds available therefor. Those funds which are expected to be used to pay princi- pal Of or interest on, the Bonds will be deposited in the Bond Fund 1 I 1 and utilized within 13 months of their deposit in that fund for . 1 payment of principallof ,or interest on the Bonds. It is expected • 1 1 . that the .Bond Fund will be depleted at least once •a. year, except ' . 1 for aireasonable carry-over, which is expected to be no more I than 'the greater of one year's earnings on that fund or 1/12 offthe annual debt service of the Bonds . The City has not created or i r 11 established and does not expect to create or establish- any sinking • , fund or other similar fund for the Bonds other than the Bond Fund. f. . Expenditure of Investment ,Income. it is. anticipated . 1 1 • I I ' that. all earnings from the investment of proceeds of the issuance j and sale of the Bondsl,will be spent upon the Improvements by 1 ' December, 1982, and that all earnings from the investment of City 1 non-bond• proceed funds expected to be utilized to pay principal '' of ' . 1 or interest on the Bonds will be spent upon principal of or inter- est on, the Bonds within one year of receipt of those earnings or will be commingled with non-bond proceed funds of the City within ' I 1 1 one year of. receipt of; those earnings. . 1 g. Sale of Improvements . The City has no plans to sell 1 or dispose of any part, of the Improvements, which have a life I 1 - 3 - expectancy of more than the term of the Bonds , except to replace worn-out parts or equipment. 3 . To the best of my knowledge, information and belief, the above expectations are reasonable . 4. The City has not been notified of any listing of it by the Internal Revenue. Service as an issuer that may not certify its Bonds. 5 . This certificate is being executed and delivered pursuant to sections 1.103-11, 1.103-14 and 1.103-15 of the Income Tax Regulations under the Internal Revenue Code of 1954 , as amended. DATED May 5, 1980. CITY OF RENTON , WASHINGTON By potAs BARBARA Y. SHINPOCH Its: Mayor - 4 - * COUNSEL LAW OFFICES JOHN E.HAVELOCK 'HAROLD S.SHEFELMAN ROBERTS, SHEFELMAN, LAWRENCE,GAY Sc MOCH JAMES P.WETER(1877-1959) VICTOR D.LAWRENCE F.M.ROBERTS(I880-1973) JAMES GAY 1818 IBM BUILDING JAMES C.HARPER(RETIRED) ROBERT G.MOCH GEORGE M.MAGK SEATTLE,WASHINGTON 98101 BRIAN L.COMSTOCK TEL. (206) 622-1818 TIMOTHY R.CLIFFORD JAMES S.TURNER LEE R.VOORHEES,JR. SUITE 302 •WILLIAM N.APPEL DAVID B.SWEEN EY 2600 DENALI STREET WILLIAM G.TONKIN ANCHORAGE,ALASKA 99503 DAVID A.BENNETT ROBERT H.CAMPBELL TEL.(907) 276-1358 ROBERT G.MULLENDORE* GARY N.ACKERMAN ROGER A.MYKLEBUST JN E D.KENNY JON W.MAAC April 25, 1980 CLEOD LEO PAUL L.AHERN,JR. _ WILLIAM H.SONG ry ^jap STEVEN E.CIUMMINGS ��Jf l� T RESA V.BIGELOW cad ,s (.1\`0 ; CO v9i s CO G S �} Ms. Delores A. Mead �j;CGS`'�� ,�� City Clerk `'b/l :1�%� Municipal Building 200 Mill Avenue South Renton, Washington 98055 Re: $6, 000, 000 "Unlimited Tax General Obligation Park Bonds, 1980, Series A" Dear Del: It is my understanding that you will also be signing the above bonds while you are in Chicago and that they will be returned to Seattle for final delivery on May 5 . Enclosed in triplicate is the usual Signature Identification and No-Litigation Certificate to be signed by you with the last page to be signed by one of, your local bank officials who is acquainted with you and Mayor Shinpoch. Please insert in the blank at the end of the first paragraph the date when Mayor Shinpoch commenced her term as Mayor. All three sets of this certificate should be brought to the closing. I am also enclosing an arbitrage certificate in triplicate to be signed by Mayor Shinpoch which also should be brought to closing. To complete my bond transcript, I will also need to have the following documents at the time of closing: 1 . Affidavits of Publication of Ordinances Nos. 3336, 3343, 3350, 3399 and 3404; and • 2. Affidavit of Publication of official Notice of Bond Sale. • • • *WASHINGTON STATE AND ALASKA BARS. **ALASKAIBAR ONLY.ALL OTHERS WASHINGTON STATE BAR ONLY. Ms. Delores A. Mead April 25, 1980 Page 2 If you, prior to your leaving for Chicago, or whoever in your office will be handling the matter in your absence have any question concerning the foregoing requirements, please do not hesitate to telephone me. Sincerely, ROBERTS, SHEFELMAN, LAWRENCE, GAY & MOCH By f�? ames Gay JG/mlc Enclosures ::: Seattle-northwest securities corporation 500 Union Street / Seattle, Washington 98101./ (206) 628-2882 MEMORANDUM Date„ April 25, 1980 Re: City of Renton General Obligation Park Bonds, 1980, Series A Delivery of the subject bond issue will be at approximately 11 :30 A.M. on May 5, 1980 in the Trust Securities Department, 10th floor of the Seattle-First National Bank Building. The Bonds are to be signed by Mrs. Mead on May 1 at the printing company in Chicago. The printing company will ship the Bonds on May 1 with arrival anticipated in Seattle the following day. The corporate seal of the City will be printed on the Bonds. Representatives of Seattle-First National Bank (on behalf of Seattle- Northwest) will have examined the Bonds prior to the delivery on May 5. For payment of the Bonds, Seattle-First will issue a check (federal funds) for the following amount: Principal Amount $6,000,000.00 Accrued Interest 5,529.02 $6,005,52 .02 Less Good Faith Deposit 300,000.00 Amount of Check $5,705,529.02 If you have any questions, please contact the undersigned. Sincerely, r. Richard T. Kennedy Vice President RTK1 :kb cc: Mrs. Gwen Marshall , Finance Director Mrs. Delores Mead, City Clerk Mr. Jim Gay, Attorney i • COJNSEL LAW OFFICES - JOHN£.HAVELOCK •. HAROLD S.SHEFELMAN RoBERTS,SHEFELMAN,LAWRENCE.GAY & MOCH JAMS P.jWETER(1877-1959} • VICTOR O. LAWRENCE F.M.ROBERTS(I88O.19.731 JAMES GA! I . 1818 IBM [BUILDING JAMES C,HARPER(RETIRED} ROBERT G mocH SEATTLE,WASHINGTON 98101 GEORGE M.MACK ' BRIAN L.coNsrOCK TEL.(2061 622-1818 TIMOTHY R.CLIFFORD • . JAMES S.T JRNER SMITE 302. LEE R.VOORHEES.JR. ' . ' WILLIAM h.AP PEL , 2600 DENALI STREET . DAVID B.SM:ENEY - _ WILLIAM G.TONKIN ANCHORAGE.ALASKA 99503 .. . DAVID A.BENNETT , ROBERT H.CAMPBELL TEL.(907) 276-1358 ^' , ROBERT G.MULLENDORE• ,�•�'�Q 1('a I • GARY N.ACKERMAN B ;:J7 ROGER A.HYKLEBUST 1 DIANE D.IKENNY `I � !`,J' , April 16, 1980 7\, • < JON W.MA:LEOD . PAUL L.AHERN,JR. • _ rv� QQLT� WILLIAM M.SONG .. 1'i.J - AO Cam, - STEVEN CUMMINGS _ \\ - tERESA V.BIGELOW !![. �� tI e�'. r,i .,i". L �1 (3 "S , Mr. William Warner \ c-, G,� ' C\ ` Northern Bank Note Company " ��r v��e - Post Office Box 608 LaG_ange, Illinois 60525• Re: City of Renton, .Washington" $6, 000,000 "Unlimited Tax General Obligation Park • •. Bonds, 1980, Series A" Dear Bill: ' Enclosed please find bond form and opinion form for the above' bonds which we should appreciate your printing for the City. ' ' I am also enclosing specimen signatures of Mayor Shinpoch and Deelores • A Mead,', City Clerk. You will note that a facsimile of the City; - seal is provided for and animpression •of such seal will be for • . warded to you shortly. Please send bond proofs both to me and to Dick Kennedy of Seattle Northwest Securities Corporation and advise us of your printing schedule. i • Your invoice for the printing• of the bonds should be sent to Mrs. ' • Mead in ,the Municipal Building, 200 Mill Avenue South, Renton, Wash- ington 98055, and presumably the'printed bonds will be "forwarded to ; her but more definitive instructions will. follow. . , With .kindest personal regards, ' . ROBERTS, SHEFELMAN, LAWRENCE, ' GAY & MOCH it By .. ames Gay _ JG/mlc cc: Mrs. Delores Mead Mr. Richard Kennedy I •WASHINGTON STATE AND ALASKA BARS. 1 ••ALASKA BAR ONLY.ALL OTHERS WASHINGTON STATE OAR ONLY, OF Riv ;s o THE CITY OF RENTON MUNICIPAL BUILDING 200 MILL AVE. SO. RENTON, WASH. 98055 n , rn BARBARA Y. SHINPOCH, MAYOR • DELORES A. MEAD 09,0 co' CITY CLERK 0 9E0 SEP1E'`n�� • April 28, 1980 Roberts, Shefelman, Lawrence, Gay & Moch Law Offices 1818 IBM Building Seattle, WA 98101 ATTN: Mr. Jim Gay, Bonding Counsel RE: Documentation for $6,000,000 "Unlimited General Obligation Park Bonds, 1980, Series A" , Dear Jim: We forward herewith affidavits of publication per your request of April 25, 1980 as follows: 1 ) Affidavit of Publication - Ordinance No. 3336 2) Affidavit of Publication - Ordinance No. 3343 3) Affidavit of Publication - Ordinance No. 3350 4) Affidavit of Publication - Ordinance No. 3399 and 5) Notice of Bond Sale - Daily Journal of Commerce Affidavit for Ordinance No. 3404 and Notice of Bond Sale Publication for the Seattle Times will follow upon receipt. If we can be of further assistance at this time, please advise. Yours very truly, CITY OF RENTON b-a") a 721.sia-0 Delores A. Mead, C.M.C. City Clerk • DAM/st &ttiaavit of .rurnicat1011 .'. : n STATE OF WASHINGTON, t SS. COUNTY OF KING, C. BELL being duly sworn, says that she is the principal Clerk of Seattle Times Company, publisher of THE SEATTLE TIMES, a daily newspaper, printed and published in Seattle, King • County,State of Washington; that it is a newspaper of general circulation in said County and State; that it has been approved as a legal newspaper by order of the Superior Court of King County; that the annexed, being a r e t a i 1- a d ' , was published in said newspaper, and not in a supplement thereof, and is a true copy;of the notice as it was printed in the regular and entire issue of said paper on the following day or days; February 13 , 19 8 0 Ordinance No . 3399 $83 . 39 • c &e.c and that the said newspaper was regularly distributed to its subscribers during all of said period. CITY OF RENTON,•WASHINGTON')419'`•" ORDINANCEJ•IO,3399, ..AN ORDINANCE of the Clty df Renton,.. ash'•` ; I •Ington;'relating•to contracting indebtedness; pro-. , ;vidingAfor;the it� ,issuance, spN lfynthe;maturities, , ',maimum effective interest fate erms and coven- - i'ants'of$6,000,000 par voluo.of-:'l lmifed,Tax'Gen- • ' .eral Obligatiw,•P.ark'`Bon`ds,1.980, ries A"author" i ,(zed bYtttf pualifledwoters of theiCily at a.speclal•r el'ectlen field,therein pursuenf't .,Ordinance.,No. Subscribed and sworn to before me this twenty-eighth day i••3336, as,amended by Ordlnanc Nos, 3343,and, ' •3350;';•"establl ing,a.band,redermhtior,fund-and'a,;. I ":constr�udtlopkjund; and-providirel:fol' the'sale'of." •:such,bords,aR'11.t a'::.;, (�, ,-,•,•.-I of March 1980 THE`CITY'COUNCIL OF TIf, CITY,OF:REN, ',l-7-SECTIO(J 2.-The'.CTTy hereby irrevocably /0 ' TON;,WASiiff6GTON,`._DO ORDAIN„as,follows: ,pledges,Itself,to:'levy'taxes annually,without llmita- + (�L2C/ GZl c e `vL'• SECT'ION-;1�.„The CIki''-of:ROiitan,-Washington tion_'as.'to rate or amount,on.all.�property.In the (hecelyditer:called;the"CIty"),'shall presently is••'•;''City subject to taxation In,an•amount sufficient, 'sue and selli��i56;000,D00.parvggtueTof„negotiable gen..;l,together,with,Other•monoy`'legally available-and Notary Public In and (arThe ate of Washington ;•.erallobilsat$bp bonds of'the tbtat,.S'7,825,000::par.;v°lr.ri used therefor;'to%pay the,principal of-and interest' Coupon rates shall tie in'multiples=of;•i%ath'or h%'si ue of negotiable;aefiefalkoblig'etion:bonds'author,- t' en•the Bonds as the:same-shall:become'due,"'and lOth,of 1%,or both.No-more than one'rate ofo-lntg'4 !zed.by the quellfied•;vofers of the;Cityat<a-special,.'1, the full faith,credit andrresources'of,the Clty-are _ est may be fixed for.any one_ mafu�itY:OnbY'on''',': 'election"heldton•September-;18,r,1979;,pursuant to.' hereby Irredocablv.-pledged.fortthe.payment of the -i coupon will'dbe attached{to;ea`ch'of'the Bonds!torr�; Ordinance'No..,3336;passed.and'approved;July 23, principal-of and interest'oh;the Bonds:`: .•" • each installmehY.of interest-thereon, and bids pro•"; 1979,.os.amended_by'Ordlnence,No,3343.passed and 1 ' SECTION 3.The City hereby conven_dhts that it vidins for additional or supplemental'coupon nwiil-.1( appro•ved'August.6,,9979;and Ordinance=No, 3350 .Wlll,make•no use of ihe,proceeds,of'The-Bonds or of;' :_ ldweo ected,.The maximum differential between+;fie 'G ,,'passed;and?approved"'August•20,1979,for the par-1 its;other':moneyat any time during:the term of the lowest and''highest`coupon,_rates.narc ed:,in'anyrbld7' pose of`constructing recreational;facilities includ• - shall'not exceed 2%, ''- •- •Bonds which,,If,such use had-been,Teasonably.ex- , i. - •• ,`i:<•.,- :: .1•.;ygt ,ing boat launch,-fishing•pier,trails,day.'moorage, 'l ',pected,at-the date,the Bonds,are issued'would:ha ie- , For the purpose ofcomparing the bidsbniv�;!fhe':;'parking, floating structures, and.ether equipment • caused.the Bonds'to!be"arbitrage'bands within the '.,coupon-rates-bid being controlling,eoch,'tild fi"all''.and•materlals'incident,thereto at„the Gene Coulon-• meaning of Section..103(c)'of'the'United:Statei.In- • , state-the total -interest cost aver-the.-life of-'te�S Memorial.Beach Park. The.bonds--shall be desks ternal Revenue Code'-of 1954,as'amended,,and ap- •Bonds and,The net effective Intecest;rate ot;the.`i nated,3'Uniimited,Tax.General'.Obligation.Park'• plicable�resulations•promulgated thereunder. • -. ,-The'Bonds'shalt-bd.:Sold.fa:the:vac:6' '!;i,;"Bonds;.•1980;Series A"' (the"'Bonds') of the'CitY;' SECTION 4:The.B'onds..and'coupons-shail('ber',; theb'estbid,subiect,to the right of the City Chou�cit•� ' •shatI+be'dated'March'1'.,'1980;shall be in denomina • printed or lithographed'.on good'bond-paper;in•a 'to relect any..and all',bids'and to;readvecflse,ihe ;'tions,of+$5,000•,eoch;:shall be numbered.from 1'to;':', form consistent with the provisions of.this•Ordi•• ! • Bonds for:sale In the manner p'oCided by law,',end 4• i 1200,,lnclus(ve;and,strait bear interest at an,effec-. :j nance,The Bonds shall;be slgned'bY'the facsimile i no,bid',forless than all of the Bonds shall tie'cgnsld-,^ --_�,- _ _, " ' :_�� _,__J, 'signature•of fhe'Mayar.end attested by Tt(e manual ; ered. The•City'further'reserves,Ihe-night'to:waive.,-( _• _ � - - 1 signature•of the City Clerk•and a facsimile'repro- • any irregularity in;any_bid.or in the bidding: o , i- Y;i,.',1'")4';:: , ductionrof.the seat of the City shall be printed Cher- , , cess.;;„ ,,,- Pd v 4;• ' " eon,,and the coupons shall bear the"facsimilesigna• All'bids'shall be sealed,.and,except the bidloei' live.rete'of not.to•exceed,.&% annum payablemoh.1 lures of the.Mayor-andithe City Clerk.-' •the State of:Washington,if one Is received,'shalld,e:,; "r;March .1,,•1981;fiand;semi-onnually"iher;eaffeMn,' - accompanled'by a'ddPOSit:ofS300,000. T.he deposit, 'open succeeding-September,•liand;March'•,1;•,as evi- I SECTION 5,The.B office d,'Is'hereby created ' denced•by coupons to-be attached to.the Bonds'ep- "Direcstablished,'In`the'office of fhe.City Finance', •shall beet ble t certlfCity, Financeck•or cashler's.ctiand t • :resenting interest•to maturity antl,:with'full,obitga- I'Director.•The accrued;interest al 'and deliveryuof re- shallmad e-pro le ly the ned- Director'rind lion on the part of the City to pay,,'Inierest::gt rfhe Bonds,'if any, upon'the sale and of;the shall be.prom reservesthe-bid th peno'invest the•geod%:ii i'bondrate from and'.after maturity until.the.ponds; lI hereby also•crdat"ed''and}established•In-the office of ` faith,deposItofthe'purchaser pending the payment:';1. both prindPol'and Interest,are paid in full'or unfit, be for-the Bonds.The-purchaser shall not lie credite'd-i'I t sufficient money for such payment in-full Is on de-''',1 the City Treasurer"aGeneal Coulon to mortal Beach I •Park.desig atns as,ionrFundeof he CIMemhe'prneach ( :for Such•he successful bidd r shalrfall for gitet.'•;I •,,posit.in the' na'1980"f Tax General Oblle ein ;,( i 'ory and,.ihe successful pidder'shall'Mall or negiRcfC�;' �Park�Constructiom'Fund"of the'Cifv•The'prindpal 'Park Bond.Fund,'1980",(the"Bond Fund");.heteln- 'to-complete.the,purchase of-the Bonds;within.forty'S, after created.and'the Bonds have'been duly ailed 1,'Ban eedh received from the sale Coulon-Me of days following.:the-acceptance'of,'its:,bid„dhe;; • 44 ,al Be chalk be.paid-Constructionu'•t "Gene Co anon used:for•I. for payment,•Bo}Mprinclpal of:and'Interest an.the ' .alp•}Beach;•Park Fund,'; and used:for `amount.of;Its deposit shall be.forfeited..to the,G)tY '., 'Bonds shall"be'paid'In-lawful money:of the United''!,,,the,purposes•specified.in Sectlon -1'of-this•Oadl- ! and-in•thaf.event.the Cfty'may accept the bid ofdhe., 1 States of America, Which at the time of pay ent; one making m .nance and to i tax:a costs of Issuance and:,sale of : the-next t'iess id. If:there be iwotor"r -shall:be legal tender for the payment'of public and ! .the-Bonds..All taxes'col ected•:for and,ollocated.to.I ! more equabbids for not'less Then•par plus accrued •1 private debts,at the•office'of the City Finance;,Di 1 1 !Interest and ouch•-bids-ar,e.the:best bids,.receiued;:;,; rector, or, at the option of the'holder, at'either'l;;the payment.hereafter-be d of and',interest -B the`` Bonds.Shall" -be deposited eds -Bondi the City'Council's TheStermine by lot which,ibid•r fiscal agency el'•11e State of Washingten'In Seattle, ; Fund.Pending th'e receipt of theereceeds from the.• shall=be,accepted• The Bonds will be'dellveredtto,`,.: Washington,.or New.York; New York. The,Bonds, issuance,of the, Bonds,',interest-bearing'warrants the successfuldiidder,at'tho;office'of-.the,City shall mature•serially, annually, in.circler of•their;. ,-may..be:drdwn'oh'the-"Gene Coulon-'Memorial•! !'nance.,'Dlrector,:or. In'Seattle, Washington,-at.'the;';, • numbers in,the following amounts on March'1'of. •City's expense, dr'at•such-other place.as the_Gity,:• March,;1' Park Construction Fund"to provide Interim.i � eachrof the following Years'(such maturity schedule t funds;tabavr'such costs, such loan To:be'repaid ! -Finance, Director-and.the-succesiful,•bidder++ftaav;,? ,being'.computed',at en assumed interest-.rate-of ; from the,,proceeds received,from•the Issuance of.;!-mutually'agree'upon,at,the'purchaser's',expenses,A`'il -6.75%per,annuml::, • '' , the Bonds. ' - no-litlgatlan'.certificate•in the.,usual-form vitliabe�f1.1.• Bond:Numbers Maturity • ' SECTION 6..The Bonds shall.beisold•for cash at I+:included In the,closing papers,, ::? ,•,,• ..gr:,'" (Inclusively,' 'Amounts. 'Years (, a,public•sale for,not less than par, plus occur:!' "• i 9 to, 32 • , .,$760,000 1982': •I .'Anyny:bid,presented.after•;Tre;time speclfted'for`;^•: 33 to.-167 _ 175,000.` •1953 .Interest.. ,�' - .', ,!,the re'ceiphof bids.wilLnot:be•,recel,Vea,.and anY,!61d.;%%'I '4 ,,not accompaniedjby•the regUired•b did: oslt`- '' The City Clerk is hereby authorized to givenot- 68to'104 985;000 '.1;9,84' - 1 .'time of opening, l P. °Mahe-" 105'16 144 : ' •200,000.' '1985'- Ice calling ton bids to'a wee se'the ur consecutive Pub...1 a;. atd';vr111s notiytie,read.o„: •'145'to,187 215;000 :198 ,-considered"' i_ t4,,•,•.:,,,k,;, ,,} 1•p"„ .,,,,, 1, Ilshing•the same once a week for-four t , '; , ��; V;', yy weeks In the official newspaper of the City,',or If lf,,prior]to?the¢delivery of,'the!Bonds; ihe¢in=:;,'. •788'to .233 - . 230,000' ..1987 s there Is no official newspaper,then:16 a newspaper come-receivatfle�:by the-holilers'rthereof-shall- •e„¢„, 234,to, 282•. 245,000 19$B• .of`:general.circulation.ini,King,County,'and'>a short .I.corrle'tajrab,i,e,•Idlrectly,;;or,,ndlrectly,;9b'y the to s;,=7. - 283.to 334 •, 260;000 -,.19y4 ., abbreviated-;form of such'notice.shall'also`be pub• ' '.of env:federal''alncome,takltlow,,the,'sbccessful; id.P;.335 to• 390 .-'280,000. 1490' •l1 fished once-•in The Seattle•Daily^Journal,of Com- 'der may et:its:option'be'reilevedafItsobligatio ifoe'I, 391 to 449 295,000 " 7,99,1 tPurchase',the"Bonds, and-1n:such'case,the,'lep slf,;'- 450 to 512 315,000 1992, .mere:and; ingthwest.leastaccompanyingshall dthatse or tb ids mt?anying itsrbid,.,will;.be."returned, 'WIttL$utF_,; ! I' sale date.Such notice specify that seal: bids Interest.- •i, i:.;y -_, 581.to• 652'" 360,D00 1994 . for the purchaseot the••Bonds.shall be"received by. ,The'.notIce+'of;bo'nd saleahall�provide that`he,`' • .653ito '729 ' 385,000 ';'the;City Finance'Director;in,her office.in"the'CitY' City„wilt cause fhe'Bonds;to:be:printed•or olio=;••1 i, 730.to,811', , ' . .410;000 199b ',Hail on'March 18;1980;ue to 11:00a,m."r>lacalt)me; 'eraphed'and signed and'will furnish and'aperov ng•,' '••812 to' 899 440,000 1$9)' '. •at which time all.bids,will be;opened-and'iniill be legal ^opinion of-Mssrs.,'Roberts,.Shefelmoi;,-L' 900 to 993 . : 470,000 199,8 ' considered,and award mode by-the Citc'Coincll at •Lwrence, Gay&,Mach„municipal bond counsel'of.,•, "994 to 1093 - -. 500,000 1999' a,continued regular:meeting;to:be held In:the'CIfy , ".Seattle, Washington covering'4he''B nds without ) 1094'to•1200' ' " 535,000.,:2000' Council.Chambers'commencing'Immediately„after graphed•and'slgned and'w II furnish�he",opm•o,�mg:,-, 1 - The.City'reserves the right to redeem-any•or i,the-opening of all•such'bids. - - . legal opinion of'Messrs: Roberts„Shefelman;Low-' all;of the'Bonds prior to their stated maturity dates • • •,rence,,Gay '8;`,Mach, Municipal'•.bond' couns"i'of Y .'A cot re d'Ifixetl'ce shall,al eleast:three weeks •I;as'a:Whole oran part in'Inverse namerical;oreler, Seattle; Washington, covering the'Bonds wf�lout;;`prior,to the date^fixed for the•sale,be mailed to•ihe , On March 1, 1999, oTany:semiennuarinterestpay-` cost to-the purchaser,the opinion also'being Isrint State F)nance ComMltteelAlYmpia;WashlnsTan. mee Of redemption. ihereafte'r at par•plus accrued interest to for •the purchase:of the ' 'ed on each'bond;,Bond counsel shall•rot be re- date df redemption. .: Bids shall-be Invited' ;'quired.to:revlew or expnessany,opinlon'concerning' Notice of such.Intended redemption shalir be• t Bonds with•flxed maturities In accordance with'The , the•completeness'or accuracy of eny'official sjdte:; I'published in the official newspaper of-the City,or if, 'schedule specified In;Section 1 hereof, ,: •m - ment,offering',clrcular-or-other sales material:Is-: 4 there is no;official newspaper,then inb.newspape The notice shall specify the maximum effecftVe• sued.or used Iry copnectlon%with the..eondseand;i •!•of.generalicirculationiln-King County,'at'least once I rate of Interest ine,Bonds shall bear,-namely, 896, -,bond counsels'opinion-shall so state.'Such'nallEey ' not less than 30 nor.more,than45,days prior to the-I • Per annum,and,shall,require':bidd'ers to submit-o' •shall•-also:provide•the further information'rel:1901,, I call date;and a copy-of such notice shall be'mdiled;i • bid specifying: . : -, ,•.•-; a ',Inc the details of-the Bonds may be received;,upon'r;, ,within••the.same period to the,main office of,the:.I (a)The lowest rate°or•rates of Interest arid d, -requestmade.to,the:City'.Clerk.or to'Seattle-North)-1. I•principal;underwriter or account'manager'of?the., Premium,If any,above par at which•the bidder la .west Sec unities'Corp oration,-500 Union,Steeet,t;q successful-bidder for the Bonds,or.its successor.•ln I will purchase the Bonds;or. •- -- ,a ',Sea Washington,•the CitY's firiandal;consultant;' , ' addition,such:redemption notice'shall alsa,be'sent 11' (b),-Th'e lowest rate or rates of,interest at. , - i to•Moodys Ihvestors.Service, Ina;-and Stdnddrd`8 ;I which.' i-re'bidder will purchase the,Bonds,of SECTION 7::This;ordinanfive 15ll.aysfotfecr from` publicer on assenge and five(5),days"f°How,':i. !'Poor's'Corporation, at•their'offices in'NeW.York, ' ,Par, .. •' ' . "',;"', •' , e• ,.to lls.mibllcatl0n'as'reauired:by law_ •;?-', jNew York,•but the malting-of-.such notice to•such • No bid will be considered for,the Bonds for-less •PASSED.by the City Council bf:Tlie City ofti'en. ,New York'+corporations'shalt:notbe•a condition ; than!,par and'accrued Thepurchaser.+must ' ton; Washington;at;o.regular open,publlcme tirigi'I II,precedent to'the redemption of such Bonds."Inter- I pay accrued Interest",to:.date,of•-delivery of..the�- thereof,this 4th,day of,February,.1980. ' . ,,t '-'•i I est'•on any Bonds so called for redemption'shall ' bonds. g :•, cease on'such•.call date-upon payment nf,:the re- (S)DECORES.A.MEAD,CIty filer :' !•_derpflon'price..into,theBond-Fund.;.,, vv` '"•,_, .'d'-I I I ;APPROV DbYthehar or ,: • '. •• ,.;r-":e'r this-4th day of February,1980,•• ' •'k!''-J (S)BARBARA y,SHINP,OCH; N."f-' i , ; MpYor�hf i, ,FORM.APPROVED:•• , " .-1 r • y,r; ,q I .(S)Lawrence.J..Warren' ,•1'.;+ii' ;i,C- . {h City Attorney': , ; ,,"., '°d+,+'1;1, ,•'5Dat.of Publication';February::13,'1980 „' '11.'1! ,t�.j,, ' I, DELOES;''A,§MEAD;;,City;Clerk::of-the:CIt4i' ,. of Renton,.Washington, hereb ,,certifyi that•th#,.d,-:; I •(ached';copy,of'OrdInance•,No. 33994s•;a truef}��•gn'd;' ,,Correct,'cr=opy'of"he'original,'orinance-passe wl,;.on"the 4th-day'of February, 1980,:as:such'ordinance;'appears'on the'Minute;Book,ofhe'City, •+,- "`;.- - nc�rriri,rc'u,::,_ _..i_-- [srForm 81 Affidavit of Publication . ., . , , . ., . . , • . . . .,,, . . STATE OF WASHINGTON,,t�. COUNTY OF KING, C. BELL being duly sworn, says that she is the principal Clerk of Seattle Times Company, publisher of THE SEATTLE TIMES, a daily newspaper, printed and published in Seattle, King County,State of Washington;that it is a newspaper of general circulation in said County and State; that it has been approved as a legal newspaper by order of the Superior Court of King County; that the annexed, being a retail ad , was published in said newspaper, and not in a supplement thereof, and is a true copy of the notice as it was printed in the regular and entire issue of said paperon the following day or days February 13 , 1980 Ordinance No . 3399 $83 . 39 • and that the said newspaper was regularly distributed to-its subscribers during all of said period. CITY OF RENTON,•WASHINGTON ry' {1 1 `.i ••ORDINANCE'N0:3399',' ;ti':j"�i ��it,;, `. AN ORDINANCE,of'tfte ICity,'af,'Rerito ri t ; eieleet, ' ington)",'_relating,to,contractipg`fn0tebtedness;'.;pro- 'vidingyfor2the,issuance;spe Ifyinb'.fhe:4mdturities,, maiirltum effe'ctive'interest ratetferms and Cohen- • .ants;of.$6;000,000 per'vajue:of"J N''Imifed:'•Tar1;Gen- 'eral'Obl Igationtpark'"$ends;d980;hSeries,Ah,author- , •ized:by+tifeequalified`vaters,of theQGltyiat a-special,.- electiom,hele;iherein:parsuant jt :ordinance`:No. Subscribed and sworn to before me this twenty—eighth day '3336,'='as;amended by()reined ,,Nos,;:3343,and, . :3350;•'essf{dbll`i Qg1b_bond.redenlption;:fund and,'a.; coil t'rbuo'gtiop:t 'n ;;and Orovldingf;for,-the'.sale;of,I March 1980 sucPIE:CITY COUNCIL.OF:7IIE:�Ci'•7Y OF".•;RErv:, T'-'SECTION'2 'TliI CRY,,hereby,Irrevocably•;. •, // e / TON';WASHI'NGTON,.D,O,ORDA,N,'es,follows: '-: ii•pledges Itself:to=levvtaxes annually,'without Ilmlta- ;• C2f� L`G I%ve • •• SECTIO,J fLThe'!Cit..y?of=;Re�lton,;Weshington'' ;tion,"asto.rate.,on amount,on;;all=property.ih the •((tort-Wafter-called the'•itlty'),shall'presently'rs-.,,ii;City subject to taxation,in':an amount suffi'cfent,' Notffiy, Public in and for the' a of Washington ,'sup and-self.{6,000,000.pary ueaf•negotiable:geri-' .together'-with;other, maned';legally avallable-and'i T -.. .era l,,oblfgat}i d.lwfldsof't(te.t fafkS7;B25;000;paravol=rr� .used therefor;••topay.°the,.princippl':of;and'ihteresT' n- CouponTratesshall:.6e:in'multiples.,ofa.'7aTh.oral,-,,M ,ue of nego i'bflr„generall'ob(igation,bonds author-'. 'on'the'Bonds as•the,some;shall.:become•due°'and',,; ..10th of 1%,•or-both.'No'more ihatone rate'ofiinter •�• -ized:bv-'the qualified:voters.of the.City,-ate special'. the'full'faith,.credit?and'•,resources;,of;the•City'are'•i "�est;may'be,fixed for any,:one":mo}urIty..O'nly'one'5;', election,held lan:•Septemb'er,:18,';1979,;Pursuant to` i, hereby,irrevocably',pledged>,for'the"payment,of the • Couporr'willt.be attrichedto;'each,of the.Bondsifar;;:;,,Ordinance Nd,;3336;pessed:.onb'appr,oved',July 23,,';."princi pal:of.brld,Interest•oh:the-B'onds:,,:-- ;,•r.' eoch�installment of interest•thereon,and:'bids3%ptto-�'� 1979;.ds'amended,by Ordinance'No;'3343rpdssed and SECTION 3'Th'e City,hereby,.convenb"rlts that it' ':�be•relectetl d itional,or•Supplemental'couponsmtblllj,l4 :'approved•August 6,.,1979 land'Ordinance No, 3350 : ;Will,make•;no•use of,•the,praceeds of•the Bonds or of I: maximum differenfial'defweemtne;'s passed'and`approv"ed August,20, 1979,for the par-.'` ,Its,other,money at'any'time"during••the term'of:the lowest dndlhighesi caupbn:.rates natned'in:anl�l,b'd..u' os baotconitructing ecr eti nallll-so'dayiti moorage, ? .Bonds which,_if,such,Use;had,been"reasonably.ex- ., t •sha`iFor ,ihe ed 2% ° ''� '.'-J,,''t' p '•pectedat the dote'ythe Bopds,are;,issued„would,have P p se of.Comparing the bids only the s+parking;, floating structures, and other equipment t' caused'(the;Bonds to bel'arbitrage:bonds within the coupon rates bid"beins.controlling,-each+•bid;- II'.?; 'and materials Incident thereto,at•th'e:Gene Ceylon':f, 'meaning',of,Section;103(c)>of;the'Upited'States-.In State,,the.'.total•'interest cost pvec..the"'life",of 'e,' 'Memoriai.,Beach Park.•The bonds-shall be desis--,pp ternal Revenue;,Code;of-1954,as'ajn'ended„and;apM'' 'Bandstand'.}henet'effectiveInterest,r-ate'of'ahe t ;•":'. „noted.d'Unlimited.Tax'•General:Obligation Park'"'t ,elicable'regulations`promulgated•thereunder,.'' ` eonds shall :'cBonds,;;1980,'Series.A' (the'!'Bands') of the City;; - bsoid-to the bidder + ECT I '' "the eloctbid,•suand;afa, hest,right to reaCity C u f:, 'so tkbist 'dated,March 1;'1980;•shallbe-in':denomina-:',''•,prinleeor�)hose aphe'd,,onseood•bona.papeallnba, 'to,relect; dn'y;antli'all'bids>'and;fo':reodve y' SS,000 each;-shall be,numbered:from]:fo•e,"'form-'consistent:with the'proyisions.of,this Ordi,;,, rtise'lhe•=1 -:Bonds.for'lesstn,the.:mttherprovidod'livI'av% nit, ;d200„Inclus(ve`; • ,and`shali�'bearNnte�estat an effea-,'•;','nonce:,The'Bonds,shall,be Signed'13Y the•facsimile, no:bid for-less;thgn oll�of ihe'Bon'ds shall,tie�cQn ld?•,i „�-.' signature,of:,the,Mayor and attested by the'.manual: erect.The City,further•rescr�esi the right ifo wq�ve -signature'of,the,City,Clerk:and a-facsimile.repro `• any,'irregularity in any bid on'in:the bidding pi'a t, i'7Q%'f-I! 3(; ';? `, 'ii '�i :-,--° ductian of the ishall,beshall be prihted}her ,". t, •C, ,;;� • a-`i:.. 1,live rate'of not to exceed 8% grin rtt,pa'Yoble'°on'' ,lures f h eMayor and thLb ity the;facsimlle.slgna-, 'All;bids ash,be,se,it one d,•except 'shald,of• `-March'1,".1981 sand rseml annually ihereaf--•-•;;°n'; ,tures,ofthe,Mayor and the'ity Clerk:••'" I ' ,ac,thco ate,of d'b'y ngton,if.one is receivehshollibes.,a ,`each succeeding 4Sep}ombec 1,and;March 1;;de,evi-'1 "'- SECTION•5:The the, of is.,hereby� a I shaomeeithe'b'y„a,deposit of'5300;000.cashier's epebit.;'% ' dencedby coupons to be•attached to:the,BondereP- 'i and",established"•in the,office of The,City Finance,, shall;:be•eifherbycertifiet Finaor ch""'ck'•# : ;resenting interest to maturity and''with'fall'obflga= ••Director.:,•The.'accrued-interest.d deiiremiu at:re- .made:payable to;the nedi the bie 0lreetacce nd'w:" Non'on'the port of the City to pad interest at'the 1' reoned,If any,•,uponithe,.sale''ond'delivery:oh,the f ,shrill;he City reserveturned�If;fhe;biinvestot eecept-�.{ ;Bonds:also be fed onto stabIlohed in the There Is. a The City reserves.the;er pe to;iinvesf,the goad+'{ :both,prIncl on'nd Intere maturity unn'fulC'rondo"' 'hereby also'created'andestablished;in the office of, falih;deposff of'the.11urcheser pending;the'p'aymcntti, I both, i moneyd interest,payment id in'full'or until' ,+ ;for<the Bonds.Th'e°purchaser•shall'not-be credi ed:1' sufficient for such •in full is on de-'Ii 'the,gnat Tteas asure"Ge ecial fund,Memorial B•:and.l 'far such'earnings,,if the Bonds?are'ready,for drily,`.a ' Posit,In 'the "Unlimited"Tax''General Obilobtlon.' design onst action""Gene f the 'ty.The al Beach,, Park Bond Fund;1960"'(the"Band;Fund'I,,hg�efn- i.1;Bark Construction d the ihe'-CitY.,elivery tthe j to completry end e•the Pu chose sticcesSfUl ,of thehBandslwlhinef tt`'I i; after,created and''the Bands'have"been.duly.ailed �:proceeshail'eleed from'.the ale rind}delivery,of•tne; l Bonds--sholI.be'paid'into the"Ge and used for'; ,'am011ounfollowinga the;acceptance l te feite l Vs'd to the i31ty for payment,iBotn prindpal.of iand•interesT-oh'the•I •Bonds shale.be•paid•inlawful monev::of;the,'United".l,'-iheBpurpos.arspecifieruction'Fund,',."arid'.used for+l 'and n°}hat.leventthetCttylmayaceptehe.bide,dte''' States of America,which at-the time Of.payment:. ?he'purposes specifiedost Section'..•+'Bands'-Ord,=• °f.dhe., i' shallbelegaltenderfor'•the,paymentof.publiand'-'j••nunceoand,te•pay'the,cosectedssuance'an Oale,ef•� tone equal.king apenext,b'es1'bid. Yf•,}here'•be'ccrber•``,`.', at City ;thef'Bonds:-All taxes'collectedforrand,allocated fa'• ':mterest ual'•sac for nof'les'sile bepor.plus decreed'=i, private or, s,-the o tion=eV the holder,-atS•'either; i,,the Shall'hereafter.•'be,deposited':in''the',.Bond,'{ the,City'Council=shall determine by''lot which bid" fiscal agency•of'fhe'Sidte.of Washington in,Seattle,. Fund..Pending the receipt of.the,' i Washington;.or,New York;'New York. The'Bonds' proceeds.from the shall•be„accepted.er'blithe �bf the vecedl;to„ shall'mature•serially, annually,'In'order'of;'theiO. ' issuance.of-the.•Bonds,•4nterest-bearin'Memrants the succesctor .or in Seattl office•of.•,the:Citlfi'i;i numbers,In"the.following•.amounts'an'March l of i'Bepch idrawhs truc te","p ne�•Co ulon�Memoriat '..nance.�Directer=dg;:n,Sedltle,.:Wa ace on,,at pfie,;is ;Beech',Park'Construction„Fundy=tenr to'be interim 1 :'Finance dr-'bt sure sit cessCICp,as,the,gty. each'ofthe following Years I t ch maturity'schedule',I'funds to:,pay,such;Costs,-such_,loan ta•=b6..1-epald'.' •''Finance.:Director'and,the,.successfill,;bidderrinta,v • 'being'•coniputed.of an assumed interest rate df '.:from'-the,;.proceeds,:received':froni:•the`Issuance of-•I. ' ..6.75%'per•dnnuml;" m-lit p ties e upon;afin he'usual farm,: , Band Perenn bers, ' • 'fho Bonds. '.,."',.'.•_ . ' •::,;: "r:,. '. ,,, I,,no-litigation-certificate?,losippers,, 'ual;farm,wilimtie t•� '(Inclusive) • : +'AmountsMyearsY,' iSECTION6.'The'Bonds•shall-besoldfor cashat,.Ili;IncluCed;in,tlie_dosing;papers: --��:;, ,,,r.,..y, --- '1 to .32" ,$160,000• 1962- "° public sale':far nott,less"than par, plus'acwrec iAny,tit,eit bi s will',aften th'e;.'timetspecifteq,hork.;r4 'Interest. .•the rece ,�.• 33.to••:67 175,000 '`1.983• ' '`` Impaf bids will:,notberreceivede'posian"y'bid 68"to; 104 The City tie s t hereby a e thezBor ds'ive•no} time at openling; u he r id will no depo read iheRtl• :105.fo .144 ' 200,0001 '',1'985,,,-' Ice= •for tour conboutI'v--,.i ',consideredPen�ng`•sueFi;;bPdj'wlllrnotr.tie._�ne6d?'pn�i)q ;145•to 187 "::215,000';:,,1y8bb lishing•the same once a week for.four conseeetive-,'.�„ ,f,,. ri,;:y=,a�.,: ,A,+c;,c, ".188'do 233 • , 230,000' 1p87•:' Weeks In the official'newspaper,.of'the:Gity,.'or-if - "If;prior;;to'vibe;ldellvery'-ofitheiBonls,�the?In=,% j,r•234to„282. ' •245,000;•,•.,198a;.; 'there is+nooffiddl newspaper,then'in'a newspaper;;;'�corns'r ceiJabte.'by,'+,tlie;•holders-fher:eof-sholl;� .':;.t 28310 334 ,R60,000,, 198,9;,, • �of:general'circulation,in-King County,'larid,;afshort" sable;di'rectal;,'or}indirectly,t by.the•ter sp,•r' ',335 to 390• 1490,- - •abbreviated.form of such notice;shallalso'.be,pub-,; ;of•any,fgdera;income:tax;`IoAY,..the,suecessful•i ld'`. '280,000� "'. Ilshed:once;in,The,,Seattle Journal of',Corn: der'may.o}';its:opiien'be'relieved'"of lts•obliga}io ;' 391 to-449 . - 295,000 1,9,9,1 i• t 450 to 512 . '3)5,000i ^,19Q2' merce'and Northwest:'Construction,;;Recorod of ;"'purcfrbse•the,B0 ds,,-and lln,be h case the,de h,pur = .513'to-58,0, • '. ' :'•Seattle;Washington;'o};leist-Beh';days"-p onto-the YInterest,,ng''lis`bid.;will.:,be-.:returnetl,n wtf ufl•.,:! • .340,000;. 1993 i .,,''interrnpan,,;.o,,I .;rrp. ,..,•...., ,input. . 581 to;'652" 360,000:.•.'19,9 ,l.,sate date=Sucre notice shall.specify,thetisealedibtds .r ,.a-_.-• . v,, I.,,,,I ,4 .for the'purchase,•°f theBonds'shall'be,receivbd•by, '.' The:notice� ''sale "`°"` r� ,653'to'.729 .,'t'385,000'., 1995 afjtipnasale'shell'''provide`hat,-i's.i ',730.to 811 - 410,000, ;199b „.� ;Ihe.City •Finance'D(rector'in'heroffice;inithe'Ci}y ,'City will:cause the.Bonds;to',be:printed:or Iith'e= Halllon'March l8;•1980;,up to'1.1:00:a,m.,•local time; 'graphed'and'signed and will furnish and;approyirlB'i 812;to 899 `440,000•' _lA9J, ' ' at which:time all:bids'will,be:;opened,and:.wiill be :,legal -opinion:':at•Mssrs. Roberts',;,Shefeirnait,;=„ 900 to 993. •"470,000 '.199,8 i ' considered,and award"made:by.the City CoUnciLat "•Lwrence,•Gay,&'Mach,'man clpel bond;counsea of.=• ' 994 to 1093., , 500,000:.. 1999. ( Bonds: 1094,10;1200. , .; - 'S35,000�:-;20.00• " o..contil Charcgular,-`,meeting,}o'be held�'Imthe Ctey ': graph„W nd signed .nd wili,t•ihes without,`•a Council Chambers commencing Imm'edlately„after' "'legal opinion Mess nd'W Sh;ine•appro mg.I ' -The City'reserveethe right,to redeem any,or• ,:theopeningrof ull,such`bid, ";,'i•;"'.;;, '.legal opinion of;Mes'srs:Roberts,bert,Shefelinan,;• dw-:��i all of the1Bends,prior to'theirstated•maturity dates ;rence,',Gay'&'Mach,,'municipal-bone•couns I-;of -as a.whole;or In:part,'in:inverse numerical':order,'. r,copvroote fixed fo th cal I be n ail a to'weeks: •Seattle,.' I ',pflor'to once C;fixea'for;the ea ashiled:,tntha Wash'ington,' th ering the'.Bobeing t oufi I,on March 1,-19,90,or any semiannudlinterest payr, f ; State Finance Committee,,Olynpla,Washington. ; cost,to.ihe.purchaser,;•the opinion'also'being;rl(,Int-,•,mtedt,r date thereafter atpar.plu's•,accruedantecestt°, Bids shall be.inyited,,'for the purchase:of�the 'edl•on'each'.bwd'; Bond counselsnall',riot. t,-re,a date of redemption., - ""p: Bonds with fixed maturities In accordance'with the ' -quired to.review or,express any:opinlon'conce0 Ing7 ' Notice of,such.intended,redemption'shah be '"'•.me't,off etenes irc ar,or other.,anysole offtd'drigl'ie•.,'schedule'specl(ied'IniSection;l hereof..• :,•'I'+ .. j'there In no the official ne official,newspaper per'of�to news perf The notice shall.specify them °•merit,'offused in Co ae;or ether sates,,materlahle;l•i there Is no newspaper,then ln.a newspaper.' pxinium"effective, '•sued.'or'used:In connection,'w(}h'the,Bonas;.dand,i• of'seneraFcirculatiornin KIns•County,at least once{ rate of Interest'the,Bonds shell bear namely, 886 ;bond,,counsel's;opinion(-sliail.so•state';Such,rtetice," • ' 'not:less',than.30riorrmare"Than'"45 days prior,'to•The"i bper armyid'spec yi.and sh_all,reauirerbidders'•to submltd;a :;shall also;provide.the,'further,inforniatian;;regard-,1 I•cal l-dote,:anda•copy of such•notice shall be'mdiledp m +ins'the,;defailstof•the'Bonds.me),be,received'upon"• 1 within'the same period':to the main'office:of•the. (a)The lowest rate or(rates'of Interest and:4 • request:made to'the City Clerk.or;to,Seottle?North;i principal;underwriter or account;manager'-of'!}he {l premium,.it any,above par at•which•the bidder p., ; wesf•Securities:CorporatIon;'S00',Union,Stneet,l',successful bidder for the Bonds,'or Its;successor.•in :I Will purchase the Bonds;or,, :" .,' w ,'-Seattle,''.Washinet'on,:the'City's.finaridaliconsultont: ,I addition,'such'redemption<notice'shall alsa�be'senf'' '(b).The'lowest rate'or'rates of interest:at t, , -' SECTION,7.'•This,ordinance;,shall:lake";e'ifecf'I I to.Moody's Investors Service,,Inc.,«Ρand.Siandard':&'. which':the'bidder will"'purchase,the'Bonds at`t! from•and;after,:its.passage'and•flve(5);,dayelofloW=;'I i'Poor's'Corporation, at°their'offices In,Ne}v•York, ,'par••.. •. .' • ','+:;. •-. ,.•• '. is- ,•lag itsrpUblication,as'required'tiy.'lawi•:'' ' ,pe;;,, 1 'New.York,.•but the mailing;of such'noticeto'Such'' No'bid will'be considered,for the Bonds for.less PASSED';by;th'e•City,Council'Of.ihe City of en I 'New, York corporations'shall not be'a 'condition' !, ,t Y.oar and!cCruedIntere t.The'delichaser,mu t ' ton,.Washington,,-at•a:reguiar;,op en"public„nte"tirig<I I precedent'to the redemption of such,Bonds..'Inter,= , �, v., ,•t,e :thereof,this.4th day:of,February,1980..`` w e0tI'est'on;any.Bands;'so called for•redemption!shall bonds. -'..',;. -Y• '• %" •- 'cease*on such call date,upon.,payment•of`the re-. "' ' • ''" ,(S)DECQf2,E,5.A.MEAD, oaf` � ", .., ,,APPROVED-bv•the'Nlayon-' CI' lerkit,':demptiomprice'Irito�ihe Bond Fund;','.;."' ''•. -- .this 4Th day:of,Februdry,',1980' ; " , .:.-�, '"'- ',(S)'B'ARBA'RA;V,,SMIMPOCH,-A,tPvor‘' •FORM APPROVED;,;-. • .yq•.�,;} I:='(5)Lowrencol-:1_. ,•:, ' .„Ig =i:' -,'City;Attorney,'r i,'l'..,„ ri;..;r.a °,- ' `:'a',v f' ; • "SDat:of.Publication'Februar'13:;1980;�^',�;',.�;';% .'7'i h, I:_;D,E.LORES:;,A;'ME'An",r;if,,,'r-i..,.....,:>ir4. . . r- • O1 RA, ° THE CITY OF RENTON ci t$ 0 � _ [• • MUNICIPAL BUILDING 200 MILL AVE. SO. RENTON,WASH. 98055 Z ' BARBARA Y. SHINPOCH, MAYOR • GWEN E. MARSHALL, DIRECTOR 90 Go' FINANCE DEPARTMENT o9�rFd; SEP�E�� April 15, 1980 Honorable Barbara Y. Shinpoch, Mayor Members of the Renton City Council Renton, Washington Subject: Recommendation to Accept Low Bid; Sale of $6,000,000 General Obligation Bonds, 1980, Series A, Gene Coulon Memorial Beach Park Addition Dear Mayor and Council Members: It is our recommendation that Council accept the low bid to purchase $6,000,000 Unlimited General Obligation Bonds 1980, to finance the development of an addition to Gene Coulon Memorial Beach Park, as follows: SEATTLE-NORTHWEST SECURITIES CORPORATION $6,441,980.00 Average Interest -- ;8.047948 % Sincerely, ‘ Ate,g/ ;4/Maid-a-- Gwen Marshall Finance Director RENTON CITY COUNCIL Continued Meeting April 15, 1980 Municipal Building Tuesday, 11 :30 A.M. Council Chambers M I NUT E S CALL TO ORDER Mayor Barbara Y. Shinpoch called the Renton City Council Meet- ing to order continued from April 14, 1980. ROLL CALL OF THOMAS W. TRIMM, Council President; ROBERT HUGHES, RANDALL COUNCIL ROCKHILL, RICHARD M. STREDICKE, JOHN W. REED. ABSENT: EARL CLYMER AND CHARLES F. SHANE. CITY OFFICIALS BARBARA Y. 'SHINPOCH, Mayor; GWEN MARSHALL, Finance Director; IN ATTENDANCE W.E. BENNETT, Deputy Finance Director; JOHN WEBLEY, Parks and Recreation ' Director; LAWRENCE WARREN, CITY ATTORNEY; NANCY MATHEWS, Park Board Chairman} DEL MEAD, City Clerk, Bid Opening City Clerk' Mead reported four bids received at 4/15/80 11 :00 Park Bonds a.m. bid opening $6,000,000 Unlimited Tax General Obligation Park Bonds. See attached tabulation. Bid Award Letter from Finance Director Marshall recommended acceptance of Gene Coulon the low bi,d concerning sale of $6,000,000 General Obligation, Memorial Beach Bonds, 1980, Series A, Gene Coulon Memorial Beach Park Addition. Park Addition Low bid was received from Seattle-Northwest Securities Corp. , Bonds Seattle: $6,441 ,980; Average Interest 8.047948%. Richard Kennedy, Seattle-Northwest Securities Corp. , advised interest in the bond market had lowered by 14 to 11% during last five trading days. MOVED BY TRIMM, SECOND ROCKHILL, COUNCIL CONCUR IN RECOMMENDATION OF THE FINANCE DIRECTOR. CARRIED. ADJOURNMENT MOVED BY STREDICKE, SECOND REED, COUNCIL MEETING ADJOURN. CARRIED. 11 :35 a.m. Delores A. Mead, C.M. C. City Clerk �d I 1 l ' \ , _... ____ , , I\ ...._ ....._ ( 1D TABULATION S H EET II U1! RO J EC T • •I $6,000,000 "Unlimited Tax General Obligation Park Bonds" !PAT E . April 15, 1980 I\ BIDDER BID Sel: ttle First National Bank Gross Interest Cost $6,541 ,465 POIiBox 3586 Net Interest Cost $6,541 .465 Se:ttle. WA 98124 Cashier' s Check Average Rate $8. 19722 , Jo Nuveen & Co. , Inc. Gross Interest Cost $6,572,862.50 20cIiSouth LaSalle Street Less Premium $ 240.00 Chiago, Illinois 60604 Cashier's Check Net Interest Cost $6,572,622.50 Average Rate $8.2112 Sea tle-Northwest Securities Corp. Gross Interest Cost $6,441 ,980.00 500IIiUni,on Street Net Interest Cost $6,441 ,980.00 Sea .ltle, WA 98101 Cashier's Check Average Rate $8.047948 1 i Unitld California Bank Gross Interest Cost $6,562,652.50 707 ilshire Boulevard Net Interest Cost $6,562,652.50 Los 1 oeles. CA 90051 Cashier' s Check Average Rate $8. 1987 II II Ili _ I II I i 1 l I :r BID TABULATION SHEET R® EC , $6,000,000 "Unlimited Tax General Obligation Park Bonds'.' DATE April 15, 1980 BIDDER. BID Seattle First National Bank Gross Interest Cost $6,541 ,465 PO Box 3586 Net -Interest Cost $6,541 .465 Seattle W, A 98124 Cashier's Check Average Rate $8. 19722 i 1 John Nuveen & Co. , Inc. Gross Interest Cost $6,572,862.50 209 South LaSalle Street 1 Less Premium $ 240.00 Chicago, Illinois 60604 Cashier's Check Net Interest Cost $6,572,622.50 Average Rate $8.2112 Seattle-Northwest Securities Corp. Gross Interest Cost $6,441 ,980.00 500 Union Street 1 Net Interest Cost $6,441 ,980.00 Seattle, WA 98101 Cashier's Check Average Rate $8.047948 1 United California Bank Gross Interest Cost $6,562,652.50 . 707 Wilshire Boulevard Net Interest Cost $6,562,652.50 Los Anaelesl. CA 90051 Cashier' s Check Average Rate $8. 1987 r 1 1 I BID TABULAT ION SHEEi , 6� PROJECT ; (AAA L,A, E )04 DAT E _ AID®ER B%D h #1-e 6; Ste/v(Js'cli S/.6 J � 1 0r/ 7 .z A 97 d Wi z, o Ai:726 Z25G TA(A t2 crt- Y1 D,G o CP,,z//2 - 1 a/ d2 .74 r -/ c60 , 005/( D C'0-sz fi 6.S • 72 /9r7 I I - . I I I I I SALE DATE:April 15,1980 SALE TIME:11:00 A.M.Pacific Standard Time NEW ISSUE MOODY'S RATING:Applied For II I I I I $6,000,000 CITY OF RENTON, WASHINGTON UNLIMITED TAX GENERAL OBLIGATION PARK BONDS, 1980, SERIES'A I I II DATED:May 1,1980 DUE:May 1,as shown below Description of Bonds— Principal and semi-annual interest (May 1 and November 1, first coupon May 1, 1981) payable at the office of the City iTreasurer in Renton, Washington, or, at the option of the holder, at either of the fiscal agencies of the State of Washington in the cities of Seattle, Washington or New York, New York. Bearer coupon bonds only,in denomination of$5,000. I I Due Coupon Yield or Due Coupon Yield or Amount May 1 Rate Price Amount May 1 Rate Price $145;1000 1982 I $310,000 1992 150000 1983 335,000 1993 160,000 1984 365,000 1994 175,000 1985 395,000 1995 190,000 1986 I 430,000 1996 205;000 1987 465,000 1997 2251,000 1988 I 510,000 1998 245,000 1989 550,000 1999 265,000 1990 595,000 2000 I 285,000 1991 I I Redemption Provision—The City has reserved the right to redeem any or all of the outstanding bonds in whole, or in part, in inverse numerical order, on any interest payment date on or after May 1, 1990 at par plus accrued interest to the date of redemption. I j , Legal Opinion—The approving legal opinion of Roberts, Shefelman, Lawrence, Gay&Moch, Bond Counsel of Seattle, Washington, and executed bonds with the legal opinon printed on the bonds, will be furnished the pur- chaser at the expense of the City. A non-litigation certificate in the usual form will be included in the closing documents. I � I I I I , I I II I April 1,11980 �■■■■■ seattle_northwest securities corporation I I I I I CITY OF RENTON ELECTED OFFICIALS MAYOR Barbara Y.Shinpoch CITY COUNCIL Thomas W.Trimm President Richard M.Stredicke President Pro-Tern Earl H.Clymer Council Member Charles F.Shane Council Member Robert J.Hughes Council Member Randall Rockhill Council Member John W.Reed ! Council Member APPOINTIVE OFFICIALS Gwen Marshall Finance Director Delores A.Mead City Clerk Lawrence J.Warren City Attorney John Webley Park Director BOND COUNSEL Roberts,Shefelman,Lawrence,Gay&Moch Seattle,Washington FINANCIAL ADVISOR Seattle-Northwest Securities Corporation Seattle,Washington (206)628-2882 The information contained herein has been compiled by Seattle-Northwest Securities Corporation from official and other sources, and, while not guaranteed as to accuracy,is believed to be correct and complete. 3 NOTICE OF BOND SALE CITY OF RENTON,WASHINGTON $6,000,000"UNLIMITED TAX GENERAL ' OBLIGATION PARK BONDS,'1980,SERIES A" SEALED PROPOSALS will be received by the City Finance Director at her office in the City Hall, 200 Mill •venue South,Renton,Washington,until 11:00 a.m.,local time,on April 15, 1980 t which time all bids will be publicly opened for the purchase of$6,000,000 par value of "Unlimited Tax General )bligation Park Bonds, 1980, Series A" (the "Bonds"), of the City of Renton, Washington (the "City"). The yids will be opened and will be considered and acted upon by the City Council at a continued regular meeting to be eld in the Council Chamber commencing immediately after the opening of all such bids. BONDS—DESCRIPTION The Bonds are to be issued by the City pursuant to a special election authorizing the same for strictly municipal ft'.pital purposes, other than the replacement of equipment, as provided by Ordinance No. 3336 of the City passed • d approved July 23, 1979, as amended by Ordinance No. 3343 passed and approved August 6, 1979, and Ordin- �l ce No.3350 passed and approved August 20, 1979. The Bonds will be dated May 1, 1980;will be in the denominations of$5,000 each; will be numbered from 1 to 200, inclusive; will bear interest payable on May 1, 1981, and semiannually thereafter on each succeeding Novem- er 1 and May 1, interest to maturity to be evidenced by coupons to be attached to the Bonds; and will be payable, oth principal and interest, at the office of the City Finance Director or, at the option of the holder, at either fiscal • ency of the State of Washington in Seattle,Washington, or New York,New York.The Bonds will mature serially, .1 ually,in order of their numbers on May 1 of each of the following years: ; Ind Numbers Maturity Bond Numbers Maturity (Inclusive) Amounts Years (Inclusive) Amounts Years 1to 29 $145,000 1982 410to 471 $310,000 1992 30to 59 150,000 1983 472to 538 335,000 '� 1993 60to 91 160,000 1984 539to 611 365,000 1994 92to126 175,000 1985 612to 690 395,000 I 1995 127to 164 190,000 1986 691to 776 430,000 L 1996 165 to 205 205,000 1987 777 to 869 465,000 1997 206 to 250 225,000 1988 870 to 971 510,000 1998 1 251 to 299 245,000 1989 972to1081 550,000 1999 300 to 352 265,000 1990 1082 to 1200 595,000 2000 353 to 409 285,000 1991 The City reserves the right to redeem any or all of the Bonds prior to their stated maturity dates as a whole, o ,in part in inverse numerical order, on May 1, 1990, or on any semiannual interest payment date thereafter, at par pl s accrued interest to date of redemption. Notice of such intended redemption shall be published in the official newspaper of the City, or'if there is no of icial newspaper, then in a newspaper of general circulation in King County, at least once not less than 30 nor m ire than 45 days prior to the call date, and a copy of such notice shall be mailed within the same'period to the mein office of the principal underwriter or account manager of the successful bidder for the Bonds or,its successor. In Addition, such redemption notice shall also be sent to Moody's Investors Service, Inc., and Standard & Poor's C rporation,at their offices in New York,New York,but the mailing of such notice to such New York corporations sh not be a condition precedent to the redemption of such Bonds. Interest on any Bonds so called for redemption sh 1 cease on such call date upon payment of the redemption price into the bond redemption fund for the Bonds. 11 The City, by Ordinance No. 3399, has irrevocably pledged itself to levy taxes annually, without limitation as to rat or amount, on all property in the City subject to taxation in an amount sufficient, together with'other money leg, ly available and used therefor, to pay the principal of and interest on the Bonds as the same shall accrue, and th ]full faith, credit and resources of the City have been irrevocably pledged for the payment of the principal of an interest on the Bonds. BID PROPOSALS—SALE III Bidders are invited to submit proposals for the purchase of the Bonds fixing the interest rate or rates, not to exe ed a maximum effective rate of 12% per annum, that the same shall bear in accordance with',the maturity ilk i 4 4 schedule above.Bidders shall submit bids specifying: (a) The lowest rate or rates of interest and premium, if any, above par at which the bidder will purchase the Bonds;or (b) The lowest rate or rates of interest at which the bidder will purchase the Bonds at par. No bid will be considered for the Bonds for less than par and accrued interest, or for less than the entire issue. The purchaser must pay accrued interest,if'any,to date of delivery of the Bonds. Coupon rates shall be in multiples of 1/8th or 1/10th of 1%, or both. No more than one rate of interest may be fixed for any one maturity. Only one coupon will be attached to each of the Bonds for each installment of interest thereon, and bids providing for additional or supplemental coupons will be rejected. The maximum differential between the lowest and highest coupon,rates named in any bid shall not exceed 2%. For the purposes of comparing the bids only, the coupon rates bid being controlling, each bid shall state the total interest rate of the bid. The City reserves the right to waive any irregularity or informality in any bid or in the bidding process. The Bonds shall be sold to the bidder making the best bid, subject to the right of the City Council to reject any and all bids and to readvertise the Bonds for sale in the manner provided by law, and no bid for less than all of the Bonds shall be considered. All bids shall be sealed, and, except the bid of the State of Washington, if one is received, shall be accompanied by a deposit of$300,000. The deposit shall be either by certified or cashier's check made payable to the City Finance Director and shall be promptly returned if the bid is not accepted. The City reserves the right to invest the good faith deposit of the purchaser pending the payment for the Bonds. The purchaser shall not be credited for such earnings. If the Bonds are ready for delivery and the successful bidder shall fail and neglect to complete the purchase of the Bonds within forty days following the acceptance of its bid, the amount of its deposit shall be forfeited to the City and in that event the City may accept the bid of the one making the next best bid. If there be two or more equal bids for the Bonds for not less than par plus accrued interest and such bids are the best bids received, the City Council shall determine by lot which bid shall be accepted. Any bid presented after the hour specified for the receipt of bids will not be received and any bid not accom- panied by the required bid deposit at the time of opening such bid will not be read or considered. DELIVERY OF BONDS The Bonds will be delivered to the successful bidder at the office of the City Finance Director or in the City of Seattle, at the City's expense, or at:such other place as the City Finance Director and the successful bidder may mutually agree upon at the purchaser's expense. A no-litigation certificate in the usual form will be included in the closing papers for the Bonds. CUSIP numbers will be printed on the Bonds, if requested in the bid of the successful bidder, but neither failure to print such numbers on any bond nor error with respect thereto shall constitute cause for a failure or re- fusal by the purchaser thereof to accept delivery of and pay for the Bonds in accordance with the terms of the pur- chase contract. All expenses in relation to the printing of CUSIP numbers on the Bonds shall be paid by the issuer; but the fee of the Cusip Service Bureau for the assignment of those numbers shall be the responsibility of and shall be paid for by the purchaser. It is understood that if, prior to the delivery of the Bonds, the income receivable by the holders thereof shall become taxable, directly or indirectly, by the terms of any federal income tax law, the successful bidder may at its option be relieved of its obligation to purchase the Bonds, and in such case the deposit accompanying its bid will be returned,without interest. The City will cause the Bonds to be printed or lithographed and signed without expense to the successful bidder. The approving legal opinion of'Messrs. Roberts,Shefelman, Lawrence, Gay&Moch, attorneys, Seattle, Wash- ington, will be furnished to the purchaser of the Bonds without cost to the purchaser, which legal opinion will be printed on each bond. Bond counsel shall not be required to review or express any opinion concerning the com- pleteness or accuracy of any official statement, offering circular or other sales material issued or used in connection with the Bonds,and bond counsel's opinion shall so state. Information concerning the Bonds may be received upon request made to the undersigned or to Seattle- Northwest Securities Corporation,500 Union Street,Seattle,Washington,the City's financial consultant. DATED at Renton,Washington,this 3rd day of March, 1980. DELORES A. MEAD City Clerk 5 I PURPOSE iii he proceeds of this bond issue will be used for the purpose of developing the Gene L. Coulon Beach Park. e development will consist of improvements to the existing swimming park;development of over one mile of Lake 1 ashington shoreline; expansion of boat launches, landings, day moorage, over water piers and protected water; d the development of necessary service buildings for the purpose of recreation and maintenance. II SECURITY t1 ese bonds will be secured by the full faith and credit of the City and will be paid from a direct ad valorem tax pon all taxable property within the City, without limitation as to rate or amount, in an amount sufficient to pay t e principal of the bonds and the interest thereon. AUTHORIZATION FOR ISSUANCE I rider, and in accordance with, the laws and provisions of the State of Washington, this general obligation bond ild ue is issued pursuant to an ordinance of the City and subsequently approved by a favorable vote of the qualified e ectors of the City. The City has adopted the ordinance authorizing the sale of the bonds and prpviding for the elite, form,maximum interest rate, and terms of such bonds, and for unlimited annual property tax levies to pay the el' ncipal and interest thereon. II DEBT LIMITATION • II prescribed by statutes of the State of Washington, the unlimited tax general obligation indebted�iess permitted 1 f•, cities, subject to 60%majority vote of qualified electors,is limited to 2.5% of assessed valuation for general pur- e:s es,2.5% for utilities and 2.5% for open space/park facilities. Nonvoted(limited tax)general obligation indebted- n:Is is limited to 3/4 of 1% of assessed valuation. The combination of unlimited tax and limited tax general obli- g. lion debt for all purposes cannot exceed 7.5%of assessed valuation. I DEBT PAYMENT RECORD e City of Renton has always promptly met principal and interest payment on outstanding bonds when due. Ae ditionally,no refunding bonds have been issued for the purpose of preventing an impending default. I TAX EXEMPT STATUS I In the opinion of Bond Counsel, interest on the Bonds is exempt from Federal income taxes under existing laws and reulations. OFFICIAL STATEMENT 11 s Official Statement was prepared by Seattle-Northwest Securities Corporation as financial advisors to the City. I' information contained herein has been compiled from official and other sources considered reliable and, while no I guaranteed as to accuracy, is believed to be correct. Officials of the City have reviewed this document and in the opili on of such officials,the information contained herein is accurate and complete to the best of their knowledge. Bo q d Counsel has not reviewed and, thus, expresses no opinion concerning the completeness or accuracy of any Of1icial Statement, offering circular or other sales material issued or used in connection with the Bonds, and its op on will so state. 11 OFFICIAL STATEMENT CERTIFICATE ' At I he time of payment for the delivery of the bonds,the City will furnish the successful bidder, on request, a certifi- cat- signed by appropriate officers of the City acting in their official capacity to the effect that to the,best of their kne uvledge and belief, and after reasonable investigation, (a) neither the Official Statement nor any amendment or su•''element thereto contains any untrue statement of a material fact or omits to state any material fact necessary to m. e the statements therein,in light of the circumstances in which they were made, not misleading; nor'(b)has there bee any material adverse change in the operation or financial affairs of the City or relating to the economy of the Cit I I since the date of such Official Statement. IIII PENSIONS Sal. ied employees of the City are covered by pensions operated and managed by the State of Washington. Police- me 'III and firemen are covered by the Law Enforcement Officer and Firefighter Retirement Fund (LEOFF). Contri- but ns to this fund are paid on the basis of gross salary. City employees are covered by the Public'Employees' 11 Retirement System (PERS). Contributions to this fund are also based upon gross salary. The City is current in its req ired contributions to these plans and has no unfunded liability at this time. q 6 ' I 4 II d ASSESSED VALUATION DETERMINATION In the State of Washington the County Assessor("Assessor") determines the value of all real and personal property throughout the county(including the City)''which is subject to ad valorem taxation. The Assessor is an elected official whose duties and methods of determining value are prescribed and controlled by statute and by detailed regulations promulgated by the Department of Revenue of the State of Washington. For tax purposes the assessed value of property is 100% of its actual value.All property is subject to revaluation every four years. The revaluation occurs in cycles, and the intention is that one-fourth of the property be revalued every year. The property is listed by the Assessor on al roll at its current assessed value and the roll is filed in his office. The Assessor's determinations are subject to revision by the County Board of Equalization and, for certain property, subject to further revision by the State Board of Equalization. After all administrative procedures are completed, the City receives the Assessor's final certificate of assessed value of property within the City. TAX COLLECTION PROCEDURE Property taxes,are levied in specific amounts and the millage rates for all taxes levied for all taxing districts in the county(including the City)are determined, calculated, and fixed by the Assessor based upon the assessed valuation of the property within the various taxing districts. The Assessor extends the taxes to be levied within each taxing district upon a'tax roll which contains the total amount of taxes to be so levied and collected. The tax roll is delivered to the County Treasurer by December 15 of each year, and an abstract of the tax roll, showing the total amount of taxes collectible in each of the taxing districts for the year, is delivered to the County Auditor at the same time. The County auditor issues to the County Treasurer his warrant authorizing the collection of taxes listed on the Assessor's certified tax roll. The Treasurer creates a tax account for each taxpayer and is responsible for the collection of taxes due to each account. All such taxes are due and payable on the 30th of April of each year, but if the amount due from a taxpayer exceeds ten dollars,one-half may be paid then and the balance no later than October 31 of each year., The method of giving notice of payment of taxes due,the Treasurer's accounting for the money collected,the division of the taxes among the various taxing districts, notices of delinquency, and collection procedures are all covered by detailed statutes.The lien for property taxes is prior to all other liens or encumbrances of any kind on real or personal property subject to taxation. By law the Treasurer may not commence foreclosure of a tax lien on real property until five(5)years have passed since the first delinquency. AUTHORIZATION OF SHORT TERM DEBT The power of the City to contract debt of any kind is controlled and limited by state law. All debt must be set forth in accordance with detailed budget procedures and paid for out of identifiable receipts and revenues. The budget must be balanced for each fiscal year. It is unlawful for an officer or employee of the City to incur liabilities in excess of budgetary approriations. The city may incur short term indebtedness in the following ways: (1) In an emergency the'City Council may put a plan into effect and authorize indebtedness outside the current budget. All expenditures for emergency purposes shall be paid by warrants from any available money in the fund properly chargeable with such expenditures. If there'is insufficient money on hand in the fund,the warrants become registered interest-bearing warrants.In adopting the budget for any fiscal year,the City Council shall appropriate funds to retire any outstanding registered warrants issued;since the adoption of the last preceeding budget, (2)The City may, with- out a vote of the electors, purchase property on a conditional sales contract if the total contract amount does not exceed 3/4 of one percent of the value of taxable property in the City; any item so purchased must be budgeted for payment in accordance with the terms of the contract. AUDITING OF CITY FINANCES The State Auditor is required to examine the affairs of cities at least once every two years. The examination must, include, among other things, the financial condition and resources of the City, whether the laws and constitution of the State are'being complied with, and the methods and accuracy of the accounts and reports of the City. Reports, of the Auditor's examinations are required to be filed in the office of the State Auditor and in the auditing department of the City. LITIGATION There is currently no controversy or legal action pending or threatened, to the knowledge of the City, restraining or' affecting the validity or issuance of the Bonds. At the time of delivery the City will furnish the purchaser with a non- litigation certificate in customary form. I 7 FINANCIAL INFORMATION (as of January 31,1980) Assessed Valuation(1980) $1,079,489,821 Estimated Population 32,300 Assessed Valuation—100%of Assessed Value NET DIRECT AND OVERLAPPING DEBT Direct Debt Limited tax general obligation debt $1,510,000 Unlimited tax general obligation debt* 6,000,000 $ 7,510,000 Less: Cash&Investments in Bond Fund 224,378 Net Direct Debt $ 7,285,622 Overlapping Debt $25,390,971 Total Net Direct&Overlapping Debt $32,676,593 *Including this Issue BONDED DEBT RATIOS Net Direct to Assessed Valuation .67% Net Direct&Overlapping to Assessed Valuation 3.03% Per Capita Assessed Valuation $33,421 Per Capita Net Direct Debt 226 Per Capita Net Direct&Overlapping Debt 1,012 TAX COLLECTION RECORD Assessed Tax Taxes Collected Year Valuation(1) Levy Year of Levy As of112/31/79 1980 $1,079,489,821 $3,463,912 (2) (2) 1979 903,704,278 3,260,727 98.3% 98.3% 1978 800,098,028 2,880,353 98.3% 99.1To 1977 756,393,982 2,723,018 98.7% 99.5To 1976 716,778,058 2,565,347 98.5% 99.8% 1975 649,812,006 2,339,323 97.8% 99.8% (1) Assessed valuation is based upon 100%of estimated actual valuation. I � (2) In process of collection. NOTE: Taxes are due and payable on April 30 of each year succeeding the levy. The entire tax or first half must be paid on or before April 30, or else the total amount becomes delinquent on May 1.j The second half of the tax is payable on or before October 31,becoming delinquent November 1. i I 8 1 1 1 1 1 CITY OF RENTON,WASHINGTON COMPARATIVE OPERATING STATEMENT Fiscal Years Ending December 31 Budget Actual Actual Actual Actual 1979 1978 1977 1976 1975 Beginning Cash&Investment Balance , $ 134,398 $ 44,734 $ (26,886) $ 427,285 $ 496,731 REVENUES Taxes 3,762,613 3,745,660 3,035,282 2,492,595 2,270,463 Licenses and Permits 1 361,081 298,795 244,781 230,346 168,014 I Intergovernmental Revenue 1,545,523 1,135,056 926,495 559,372 620,487 Charges for Services 1,466,551 1,245,787 887,511 669,838 804,569 Fines and Forfeitures 280,000 246,998 261,725 287,932 284,832 Miscellaneous Revenue 529,099 605,999 333,119 631,575 418,691 ' Total Current Revenue $7,944,867 $7,278,295 $5,688,913 $4,871,658 $4,567,056 Non-Revenue Receipts 0 281,457 177,221 165,559 60,414 1 TotaliFunds Available $8,079,265 $7,604,486 $5,839,248 $5,464,502 $5,124,201 EXPENSES 1 Legislative $ 50,708 $ 47,411 $ 42,232 $ 54,410 $ 63,938 Judicial 96,842 95,586 82,905 72,650 63,875 Executive 119,581 93,421 86,540 94,195 93,807 Finance 724,395 643,534 536,383 515,710 393,331 Data Processing 135,017 122,640 117,596 223,111 132,888 Legal Services 83,228 81,306 64,080 53,253 62,012 Planning Administration 671,818 411,864 195,558 216,627 169,785 Police 2,232,035 1,905,372 1,851,406 1,804,366 1,431,441 Fire 1,780,064 1,533,232 1,299,864 1,216,466 1,063,909 Garbage/Solid Waste 1,163,349 1,065,368 699,214 491,775 493,481 Personnel j 74,872 59,831 45,339 30,874 40,266 Public Works&Engineering 889,150 769,753 712,689 693,865 662,387 Miscellaneous 58,206 50,534 47,928 247 368 Total Current Expenses $8,079,265 $6,879,852 $5,781,734 $5,467,549 $4,671,488 Other Disbursements 0 4,838 12,780 23,839 25,428 Total Disbursements $8,079,265 $6,884,690 $5,794,514 $5,491,388 $4,696,916 Ending Cash&Investment Balance 1 $ 0 $ 719,796 $ 44,734 $ (26,886) $ 427,285 CITY OF RENTON STATEMENT OF DEBT SERVICE REQUIREMENTS ' Outstanding Debt This Issue Limited Tax 1 Total Debt Year Principal Interest Principal Interest* Service 1980 $ 225,000 $ 74,137 - - $ 299,137 1981 235,000 63,473 - $ 510,000 808,473 1982 240,000 , 52,401 $ 145,000 510,000 947,401 1983 35,000 43,191 150,000 497,675 725,866 1984 35,000 41,284 160,000 484,925 721,209 1985 35,000 , 39,376 175,000 471,325 720,701 1986 40,000 37,333 190,000 456,450 723,783 1987 40,000 I 35,153 205,000 440,300 720,453 1988 45,000 32,836 225,000 422,875 725,711 1989 45,000 30,384 245,000 403,750 724,134 1990 45,000 27,931 265,000 382,925 720,856 1991 50,000 25,343 285,000 360,400 720,743 1992 55,000 22,481 310,000 336,175 723,656 1993 55,000 I 19,484 335,000 309,825 719,309 1994 60,000 16,350 365,000 281,350 722,700 • 1995 60,000 13,080 395,000 250,325 718,405 1996 65,000 9,674 430,000 216,750 721,424 1997 70,000 5,995 465,000 180,200 721,195 1998 75,000 2,044 510,000 140,675 727,719 1999 - - 550,000 97,325 647,325 2000 - - 595,000 50,575 645,575 , Total $1,510,000 :$591,950 $6,000,000 $6,803,825 $14,905,775 *Interest Assumed at 8-1/2%. ;I 9 1 1 1I GENERAL INFORMATION The City of Renton is located eleven miles south of Seattle at the southern end of Lake Washington. The twelfth largest city in the State, Renton has an estimated population of 32,300. Over the years Renton has experienced steady growth as shown in the following table: Building Bank Assessed Year Population Permits Deposits Valuation* 1979 30,700 $96,493,187 $298,740,739 $903,704,278 1978 29,300 56,007,092 277,963,529 800,098,028 1977 27,150 25,875,495 248,560,364 756,393,982 1976 26,500 22,246,943 219,599,688 716,778,058 1975 27,300 14,386,850 191,797,112 649,812,006 1974 27,300 12,185,735 173,174,000 330,941,688 1973 26,250 8,719,121 151,573,000 294,868,485 1972 25,200 7,069,245 132,880,000 272,691,127 1971 25,578 12,573,511 i21,109,000 321,737,704 *Assessed valuation prior to 1975 is based upon 50% of the estimated actual value. 1975 and later year's assessed valuation is based upon 100%of estimated actual valuation. STATE OF WASHINGTON J PD SAN OREENILLE ISUNDS�� OAANOGAN 111106. ill:1r 1 CHELA 1 Slir DOUGIAS SPONANE GRAYS SAI, LINGOLN HARBOR MASON '/ i GRAN wAFITMAN PACIFIC 1 FAANXLIN Ah UM COwLN1 MAXIMA RENTO COLUM SXAMANIA DM N WALLAwALU r OTIN ell N Renton has great diversity of land use(residential through heavy industry)but is primarily a residential community. Over the years, the City has grown steadily to its present 32,300 estimated population. In recent years, some of the downtown/commercial area has gone through a transition from the normal traffic pattern,etc.,to a semi-mall layout with planters and restricted traffic flow. This is a typical example of the progressive modern planning which makes Renton a vibrant active community. Residential growth in the City has primarily been through single family residence construction primarily in the middle and upper middle class range. However, in recent years several multi-unit apartment complexes have been con- structed. Commercial/industrial new development has been primarily centered in industrial park areas or on an individual basis with care going into the environmental aspects. ECONOMIC INFORMATION 1 Renton's economy is based on a strong manufacturing complex coupled with a diversified industrilal/service complex. The largest employer and taxpayer within the City of Renton is the Boeing Commercial Airplane Company with over 16,000 employees and an estimated annual payroll in excess of$215 million. Boeing has two manufacturing facilities in Renton next to the Renton Airport on the shores of Lake Washington. The larger facility manufacturers commercial jet aircraft and the other facility produces hydrofoil boats. The Boeing Company's hydrofoil boat facility produces hydrofoil boats for both the private and government market. Presently, this facility is engaged in the construction of passenger hydrofoils to be used by private firms, Boeing has produced 16 boats which are in use in Japan, Venezuela, Hong Kong and the United Kingdom. The production of hydrofoil boats involves many techniques presently employed in aircraft production and thus, Boeing's vast technical and practical experience is of use in the hydrofoil area. 1 I 10 II Renton's industrial base is more diversified now than it has ever been. This is true of the entire Green River Valley where several large industrial centers and shopping centers have been constructed or expanded. There are 185 manu- facturing firms in the Renton service area and a total of 250 distributor type firms. Some of the manufacturing firms are distribution outlets as well. Principal products are aircraft, hydrofoils, railroad cars, machine construction and, maintenance, telephone poles, corrugated:cardboard containers, pipe and ceramics, meat packing, poultry equip- ment, coil springs, engineering, rendering scaffolding, stagings, cement castings, sealing compounds, plastics,' lumber,and light metal products.A number of national firms have distribution centers in the area. The largest manufacturing firms are:* Name of Company Products Employment The Boeing Commercial Airplane Company :Airplanes,Hydrofoils 16,000 Pacific Car&Foundry i Railroad cars,cargo,winches,foundry machine shop 2,061 Tally Corportion Electronic Hardware 600 The Austin Company ;Design&Construction of commercial buildings and air conditioning systems 550 Container Corporation Folding Carton Division 150 , George A.Hormel Co. Meat Processing 99 Stoneway Concrete Sand,gravel and concrete 65 Pacific Propellers Propellers 95 Continental Arctic Food Processing 116 Mutual Materials 'Brick and drain tile 110 Associated Steel&Gravel Asphalt and concrete 150 Milmanco Corporation Technical and engineering printing 67 Pacific Technology Integrated circuits 75 The largest non-manufacturing firms are:* Name of Company Service Employment Renton School District, Education 1,729 Valley General Hospital 'Hospital 1,119 City of Renton' ,City Services 418 Pacific Northwest Bell Telephone Services 579 Sears,Roebuck&Co. Retail trade 400 PACCAR 'Computer facilities,parts 351 Puget Sound Power and Light Electric Power 352 *Source:Greater Renton Chamber of Commerce Business Research Department. 1 Many fine residential areas, parks and modern shopping centers are located within the City. In recent years apart- ment house construction and large tract single residence development has been underway providing a modern planned urban and suburban living environment. Renton is served utilities by Washington Natural Gas Company, Puget Sound Power and Light Company, and Pacific Northwest Bell Telephone Company. The City is immediately accessible to the Seattle-Tacoma International Airport and the Boeing Airport,as well as having it's own municipal airport. The proximity of Renton to Seattle is another reason for Renton's continued growth. Many of the residents of Renton are employed in various Seattle businesses. A freeway system provides safe, convenient transportation between the two cities which encourages economic growth in Renton. Conversely, the same freeway system allows people to commute to the industrial and business complex in Renton.Thus,the existence of a modern transportation network is doubly beneficial to Renton. 11 1 X je &tate of drrJ; az jington ROBERT S.O'BRIEN.CHAIRMAN STATE FINANCE COMMITTEE JOHN A.I ITCHMAN,C.F.A. STATE TREASURER ROOM 314 SECRETARY DIXY LEE RAY .1 INSURANCE BUILDING TELEPHONE GOVERNOR (2061753-6810 OLYMPIA,WASHINGTON 98504 JOHN A.CHERBERG LIEUTENANT GOVERNOR C) • frIDI Apri 8, 1980 p 1980 mow , Ic r • g n^. G! ( r 0 ,, i is i7_. \Ler S a ,,i `; Ms. Delores A, Mead City. Clerk City of Renton Municipal Building 200 Mill Avenue South Renton, WA 98055 ' Dear Ms. Mead; Re: $6,000,000 General Obligation Bonds City ofi Renton • Receipt is acknowledged on, March 10, 1980, of the official notice of an offering by the1 City of Renton, Renton, Washington, to sell • $51,000,000 par value general obligaton bonds; bids -for the purchase of which are to be received on April 15, 1980. Very truly yours, • STATE FINANCE COMMITTEE N A. HITCHMAN Executive Secretary JAH;gw cc: Roberts, Shefelman, Lawrence Gay and Moch • 19 Jf 8688-B Affidavit of Publ atiori `J l.,, :JtJi1i `� Bondi, t _ter_V ad Opening,April 15 ' CITY of RENTON . '',{ — � '� STATE OF WASHINGTON co INOC Y OF,RENTON L� "UNLIMITED TAX GENERAL.WASHINGTON KING COU ,,I-.7 SS�\,,\);; ` 80,000,000 OBLIGATION PARK BONDS, 1080, Series A" SEALED PROPOSALS will be f received by the City Finance Di- The undersigned, on oath states that he is an rector her office in the City Hall, 200 Mill Avenue South, Ren- representative resentative of The DailyJournal of Commerce, l� ton, Washington, until 11:00 a daily newspaper, which newspaper is a legal newspaper a. nn„ local AAPRIL 15,1980, of general circulation and it is now and has been for.more at which opened al bidsthepwill be than six months prior to the date of publication hereinafter of 46,000,000 par value of"Uniim- refered to, published in the English language continuously ited Tax General Obligation Park Bonds, 1980, Series A" (the as a daily newspaper in Seattle, King County, Washington; "Bonds"), of the City of Renton, and it is now and during all of said time was printed in an Washington (the "City"). -The bid„ will be opened and will office maintained at the aforesaid place of publication Id consideredthe City andl tcaec continued d , this newspaper. The Daily Journal of Commerce was on the regular meeting to be 'held in 12th day of June, 1941, approved as a legal newspaper by the Council Chamber commenc- ing immediately after the open- the Superior Court of King County. ing of all-of such bids. The Bonds will be dated May 1, The notice in the exact form annexed was published in 1980; will be in the denomina- r tions of$5,000 each;and will ma- regular issues of The Daily Journal of Commerce, which was,' ture serially in varying amounts ' from May 1; 1982, to May 1, 2000, regularly distributed to its subscribers during the below inclusive.'Coupon rates may be', in multiples of 1/8 -or 1/10 of 1%v, or,both. The net effective 1 stated period. The annexed notice, a interest rate shall not exceed { Notice of Bid Call 12% Per, annum. The approving legal opinion of'i Messrs. ,Roberts, Shefa1man,, Lawrence,Gay&Moch,attorneys. Ik Seattle,'Washington, will be fur- nished to the purchaser of the 'was published on March 26 1980 Bonds 'without cost to the pur- P-- chaser, which legal opinion will .be printed on each Bond. and a no-litigation certificate will be V 5�f� • included in the closing papers. The official Notice of Bond Sale and further information con- cerning the Bonds and the ordi- nances'fixing the purpose of 'their issuance and the covenants ,-;7/ */.. --- and terms thereof may.be re- ceived upon request made to the I undersigned or to Seattle-North- y 'west Securities Corporation, 500 Subscribed and sworn to before me on, ' l 'Union Street, Seattle, Washing- 1 ton 98101, the City's financial IKa f 1 26 1980 consultant. DELORES'A. MEAD, City Clerk. , Date ;of Publication in the Se- attle Daily Journal of Commerce, •,e:i March 20, 1980. (8688-B) Notary Public for the State of Washington, — r residing In Seattle. R . jej Form 81 • , , I Affidavit of Publicati ; • MAR 17f 1On STATE OF WASHINGTON, iss. CITY CLERK I COUNTY OF KING, C. BELL 'being duly sworn, 'says that she is the principal Clerk of Seattle Times Company, publisher of THE SEATTLE TIMES, a daily newspaper, printed and published in Seattle, King County,State of Washington;that.it is a newspaper of general circulation in said County and State; that it has beer' approved as a legal newspaper by order of the Superior Court of King County; that the annexed, being a retail aId , was published in said newspaper, and not 'in a supplement thereof, and is a true copy of the notice as it was printed in the regular and entire issue of said paper;on the following day or days February 2 7 , 19 8 0 $5 8 . 8 6 I 1 1 and that the said newspaper was, regularly distributed to its subscribers during all of said •period. SEALE�OSALS•,w II Ibe received by the (�� City Finn 'e,2 0actor+at E a f in the City hall, 200 Mill;/Averi - ,,out N syhington, until, I r('p , • 'I 11:00 a.m+!loc•'.J0D,(Sd mi^f,s; �t 1111,' y Jr? the purchase a e ofS bids.00, 'd h' .public nl mited ` the Purchase of igatio 000. _•c l a Tax General Obligation P.A$kz-Bonds 1';,,; Series A" (the "Bonds"),.of'the,CitV,�(o�ffRenton, ""•shingtbn .(the"City':).'The bids vyi_l'beLADeWedto d will be , Subscribed and sworn to before me this Fourteenth day considered and acted upoti the City'Councll oLa L. continued regular rneetinm''tt ,be;held inn,the Council , 19$O ' Chamber commencing Imr reaidteiY,Ait. er;.ti a dpen- ,L`of March ingot all suo,h,bid , `.-''+;' ,•.. 1 ppNpS--OF,at e Ty,.put, The a sped are jo ;ice_Ca -.1/ . suant to asPticial elecilondkiorizm thesame.tor strictly,municipal CQPita1Z''DUfpose< IV erahpn the Notary Public In d for a State—of Washington ' replacerpent'nf'!eauipmeni;`'as ov ded•by Ordi- residing Seattlenonce No 3536 of;(thetC pas - ,mod approved July 23,9 ,979,, amender!A/ inance-,N0. 3343 ". . passed and app_roJedtl u9usf�59.?r° ondOrdinance 1 No.3350 passed on'opproved'Ari9usfl20,1979. !. The Bondssjwfll.be doted Marctwlr'1980;will be l 1 I, ir1 the denomina(ionS of,151000 each; will be num- bered from 1 to 1200;inclusive; will bear interest _ __ payable on March=L-,198C,sond semiannually there- . after on each succeeding September 1 and March 1, -- -I— -- ----- interest to maturity to be evidenced by coupons to d be attached to the Bonds;„and will be payable,both' i principal and interest,at the office of the City Fi- I nonce Director or at the option of the holder, at •either fiscal ager._y of the State of Washington in I Seattle,Washington,or New York. New York.The 'I Bonds will mature serially, annually, In order of their numbers on March 1 of each of the/following yearg% . - Bond Numbers ' ' Maturity ' - (Inclusive) - Amounts Years. 1 to 32 , $160,000 1982 i _ 33 to 67 1750,000 1983 - 68 to 104 185,000 1984 - '105 to 144 .' 200,000 1985 . ', 145 to 187 ' 215,000 1986 188 to 233 - 230,000 - 1987 1 234-to 282 • I . 245,000 1988 260,000 1989 • i 283 to (' . '280,000 1990 1 391 to '391 to 449 , 295,000 1991 1 315,000 1992 4510 to 580 - I 340,000, 1993 5 591 to 650 I 360,000 1994 65i to 652 385,000 1995 653 to 729 �; 3410,000 1996 730 to 811 - 440,000 .1997 812 to 899 470,000 1998 900 to 993 994 to 1093 5(10,000 1999 1094 to 1200 535,000 ' 2000 The City reserves the right to redeem any or all of the Bonds prior to their stated maturity dates as a whole,or in part in inverse numerical order, on March 1, 1990, or on any semiannual Interest 1 payment date thereafter,at par plus accrued inter- est to date of redemption. I 1 I , 1 j ,I Nb ice dT-strctnnrenaea-reaemprior-snalriie -------------- —DELIVERY-OF BONDS------- --� Published in the off icial newspaper of the City,or if - • The Bonds will be delivered to the successful 'there no official newspaper,then in a newspaper bidder at the office of the City Finance Director or of general circulation in King County,at least once in the City of Seattle, at the City's expense, or at not less than�30 nor more than 45 days prior to the call date,and'a copy of such notice shall be mailed such other place as the City Finance Director and { within the same period to'fhe main office of the the successful bidder may mutually agree upon at I ' principal underwriter or account manager of the the purchaser's expense.A no-litigation certificate successful bidder for the Bonds or its successor.In in the usual form will be included in the closing addition,such redemption notice shall also be sent Papers for the Bonds. • 'to Moody's Investors Service,Inc.,and Standard& CUSIP numbers will be printed on the Bonds,if Poor's Corporation, at their offices in New York, I requested in-the bid of the successful bidder, but New York, but the mailing of such notice to such I neither failure to print such numbers on any bond ' New 'fork corporations shall not be a condition nor error with respect thereto shall constitute , precedent to the redemption of such Bonds. Inter- cause for a failure or refusal by the purchaser est on any Bonds so called for redemption shall thereof to accept delivery of and pay for the Bonds { cease'on such coil dote upon payment of the re- in accordance witn the term of the purchase con- dempllon price into the bond redemption-fund for tract. All expenses in relation to the printing of- I the Bonds. CUSIP numbers on the Bonds shall be paid by the ' The City,by Ordinance No.3399,hos irrevoco- issuer;but the fee of the Cusip Service Bureau for 1 Ply pledged itself to levy taxes annually, without the assignment of those numbers shall'be the re- f .limitation as to rate or amount,on all property in sponsibility of and shall he paid for by,the parches- the City subjectto taxation in an amount sufficient, er. - together with other money legally available and It is understood that if,prior to the delivery of used therefor, to pay the principal of and interest ' the Bonds, the income receivable by the holders on the Bonds as the same shall accrue,and the full I thereof shall become taxable,directly or indirectly, faith, credit and resources of the City have been I by the terms of any federal income tax law, the • Irrevocably pledged for the payment of the princi- • successful bidder may at its option be relieved of pal of an interest on the Bonds. . its obligation to purchase the Bonds, and in such - SID PROPOSALS—SALE . I case the deposit accompanying its bid will be re- - 1 ' Bidders are invited to submit proposals for the i turned,without-interest. purchase of the Bonds fixing the interest rate or The City will cause the Bonds to be printed or rates, not to exceed a maximum effective rote of • lithographed and signed without expense to the suc-- I 8%per annum,that the some shall bear in accord- ' cessful bidder. •once with the maturity schedule above: Bidders I - The approving legal opinion of Messrs. Rob- ! shall submit bids specifying: I erts, Shefelmari, Lawrence, Gay & Moch, attor- (a)The lowest rate or rates of interest and 1 neys, Seattle,Washington,will be furnished to the I premium,if any,above par at which the bidder , purchaser of•the Bonds without cost to the purchas- will purchase the Bonds;or I er, which legal opinion will be printed on each (b) The lowest rate or rates of interest at i bond.Bond counsel shall not be required to review which the bidder will purchase the Bonds at or express any opinion concerning the complete- par I ness or accuracy of any official statement,offering • No bid will be considered for the Bonds for less circular or other sales material issued or used in than par and accrued Interest,or for less than the connection with the Bonds,and bond counsel's opti nion shall so state. entire Issue. The purchaser must pay accrued in- I Information concerning the Bonds may be re- ferent,if any,to date-of delivery of the Bonds. I ceived upon request made to the undersigned or to Coupon rates shall be in multiples of 1/8th or 1/ t Seattle-Northwest Securities Corporation,500 Union 10th of 1%,or both.No more than one rate of inter- , Street, Seattle, Washington, the City's financial est may be fixed for any,one maturity. Only one consultant. coupon will be attached to each of the Bonds for I eachinstallment of interest thereon,and bids pro• DATED at Renton,Washington,this 5th day of February,1980. viding for additional or supplemental coupons will be rejected.The maximum differential between the (Sl'DELORES A.MEAD,City Clerk lowest and highest coupon rates named in any bid Publication dates:2/20/80 shall not exceed 2%, • 2/27/80 For the purposes of compering the bids only, 3/5/80 { , the coupon rated bid being controlling, each bid 3/12/80 • shall state the-total Interest rote of the bid. L,__,_F— _� _— The City reserves the right to waive any irregu- j Wily or informality in any bid or in the bidding ! Process. t The Bonds shall be sold to the bidder making the best bid,subject to the right of the City Council to reject any and all bids and to readvertise the Bonds for,sale in the manner provided by law,and • no bid for less-than all of the Bonds shall be ,considered. . .All bids shall be sealed,and,except the bid of the State of Washington,if one is received,shall be accompanied by a deposit of 5300,000. The deposit 'shell be either by certified or cashier's check made payable to the City Finance Director and shall be '1 promptly returned if the bid is not accepted. The • City reserves the right to invest the good faith de- s Posit of the purchaser pending the payment for the 1 ' Bonds.The purchaser shall not be credited for such' earnings. If the Bonds are ready for delivery and the successful bidder shall fail and neglect to com- plete the purchase of the Bonds within forty days following the acceptance of its bid,.the amount of its deposit shall be forfeited to the City and in that I - • event the City may accept the bid-of the one mak- ing the next best bid.If there be two or more equal bids for'the Bonds for not less than par plus ac- 1 crued interest and such bids are the best bids re- ceived, the ,City Council shall determine by lot ! 1 which bid shall be accepted. Any bid presented after the hour'specified for • the receipt of bids will not be received and any bid ° not accompanied by the required bid deposit at the - _ -time of'opening such bid will not be read or , ccnsidered. I 1 . I i i -I i --1- - - - t I . .., • ? i c' Form 81 i , • [ - Affidavit of Publicatio . MAR 11, 100n 4.40 STATE OF WASHINGTON, t ss. CITY CLERK COUNTY OF KING, S ' C. BELL being duly sworn, says that she is the principal Clerk of Seattle Times Company, publisher of THE SEATTLE TIMES, a daily newspaper, printed and published in Seattle, King County,State of Washington;that it is a newspaper of general circulation in said County and State; that it has been approved as a legal newspaper by order of the Superior Court of King County; that the annexed, being a retail] ad , was published in said newspaper, and not in a supplement thereof, and is a true copy of the notice as it was printed in the regular and entire issue of said paper on the following day or days F p h r 11'i r y 20 , 1980 $5 8 . 8 6 _ and that the saidnewspaper was regularly distributed to its subscribers during all of said period. ---NOTICE�OBO't1D SALE CITY OF•RENTON,}WASHINGTON $6,000,000•"UNLIMIi!Ti_iEfITAX GENERAL ��//// OBLIG4T-IOV RA Kgnyt,DS,1980,Series A" i Jjf� ,er� //� SEALED"PROPOSA soul be received by the . i1 d`� e (Al City Finance Director ot'tie'rroffice in the City hall, L,,;�;y/�;�,' ‘.1,......., ' 200 Mill Avenue South%Rentonsd,Washington, until .- 11:00 a.m.,local time,on, C : .t MARCwill lig pub ,. Subscribed and sworn to before me this Fourteenth i at which time all bids will be publtclYKopened for I• day the purchase of 56,000,000par^value of, Unlimited Tax General ObligatlonlRa;ii!Bgndi:9960it5eries A" (the "Bonds"), of the City of`Renton;•Washington of March , 198 0 (the "City"). The bids Will the Cityby Council at a continued regular'meeting to bej.,held in the Council Chamber commencing imrnediatelY after the open- , ing of all-such bids. • ' • ai Notary Public In an for th tote of Washington i BONDS--DEiCRIP,TION„- • - residing at the The Bonds are to be 1'ssue8'byethe City our- , suant to a special election authorizing the same for strictly municipal capital purposes,other than the replacement,of equipment, as provided by Ordi- nance No. 3336 of the City passed and approved July 23, 1979, os•amended by Ordinance No. 3343 passed and abproved August e,1979,-and Ordinance I No.3350 passed and rapprcLed August 20,1979. • ------ --------- - -- - The Bonds will be dated March 1,1980;will be —`—�•—------' in the denominations of$5,000 each; will be num- bered from 1 to 1200, inclusive; will bear interest i payable on March 1,1900,and semionnualiy there- , after on each succeeding September 1 and March 1, • interest to maturity to be evidenced by coupons to be attached to the Bonds;and will be payable,both , I principal and interest, at the office of the City Fi- nance Director or at the option of the holdei8 at •either fiscal ager._y of the State of Washington in Seattle,Washington,or New York, New York.The Bonds will mature serially,Annually, in order of their numbers on March 1 of each of the following , years: . ' Bond Numbers Maturity (Inclusive) - , Amounts, Years 1 to 32 • . $160,000 1982 33 to 67 1750,000 1983 68 to 104 185,000 1984 ' '105 to 144 200,000 1985 I 145 to 187 , I 215,000 -1986 I 188 to 233 230,000 1987 234 to 282 • ,, 245,000 1988 283 to 334 • ' -260,000 1989 . • 335 to 390 280,000 1990 391 to 449, 295,000 1991 450 to 512 315,000 1992 513 to 580 340,000 1993 581 to 652 • 360,000 1994 653 to 729 , ,385,000 1995 1 ' 730 to 811 410,000 1996 812 to 899 ' 440,000 1997 900 to 993 • 470,000 1998 • 994 to 1093 I 500,000 1999 + I 1094 to•1200 : 535,000 2000 1 The City reserves thb right to redeem any or all of the Bonds prior to their stated maturity dates •-as a whole,or in par*in inverse numerical"order, on March 1, 1990, or on any semiannual Interest t --payment dote thereaP:er,at par plus accrued Inter- _est to date of redemption. ' I Notice of such"Intended-redemption shall-be- The B rids`shail"1ie`sold•to ttie biddermoKing- ' published in the official newspaper of the City,or if l there is no official newspaper,then in a newspaper the best bid,subiect to the right of the City Council of general circulation in King County,at least once to reiect any and all bids and to readvertise the H not less than 30 nor more than 45 days prior to the ! Bonds for sale in the manner provided by law,and no bid for less than all of the Bonds shall be call date,and o copy of such notice shall be mailed I within the same period to the main office of the considered. principal underwriter or account manager of the ,, All bids shall be sealed,and,except the bid of successful bidder for the Bonds or its successor.In ' the State of Washington,if one is received,shall be accompanied by a deposit of$300,000. The deposit addition,such redemption notice shall also be sent •P shall be either by certified or cashier's check made to Moody's Investors Service,Inc.,and Standard& payable to the City Finance Director and shall be Poor'sCorporation, at their offices in New York, promptly returned if the bid is not accepted. The New York, but the mailing of such notice to such City reserves the right to invest the good faith de- New York corporations shall not be a condition posit of the purchaser pending the payment for the II precedent to the redemption of such Bonds. Inter- goods.The purchaser shall not be credited for such est on_any Bonds so called.for redemption shall. earnings. If the Bonds are ready for delivery and cease on such call dote vaon payment of the re- 1 the successful'bidder shall fail and neglect to corn- • the Bo - de on price into the bond redemption fund for plete the purchase of the Bonds within forty days the Bonds. following the acceptance of its bid, the amount of The City,by Ordinance No.3399,has irrevoca- • its'deposit shall be forfeited to the City.'and in that bly pledged itself to levy taxes annually, without event the City may accept'the bid of the one mak- limitation as to rate or amount,on all property in r• ing the next best bid°If there be Two or more equal ' the City subiect to-taxation in an amount sufficient, '' bids for the Bonds for not less than par plus at- together with other money legally available and i,' crued interest and such bids ore the best bids re- used therefor,to pay the principal of and interest { ceived, the City Council shall determine by lot on the Bonds as the same shall accrue,and the full • which bid shall be accepted. faith, credit and resources of the City have been Any bid presented after the hour•specified for irrevocably pledged for the payment of the prinCi- q the receipt of bids will not be-received and any bid ' pal of an interest on the Bonds.. " not accompanied by the required bid deposit at the RIDPItOPOSALS.,SAIE,,., time of opening such bid will not be read or Bidders are invited to submit proposals for the E considered. purchaSe of the Bonds fixing the interest rate or DELIVERY OF BONDS • rates, not to exceed a maximum effective rate of The Bo ds will be delivered to the successful 8%per annum,that the some shalt bear in accord- 4 once with the maturity schedule above. Bidders bidder at the office of the City Finance Director or it shall.submit bids specifying: , in the City of Seattle, at the City's expense,or at (a)The lowest rate or rates of interest and such other place as the City Finance Director and at ' premium,If any,above par at which the bidder the successful rchss er bidder may mutuallyg agree upoc to will purchase the Bonds;or the the purchaser's expense.A no-litigation Innn certificate (b) The lowest rote or rates of interest at in usual form.willbe included the closing which the bidder will purchase the Bonds at papers for the.Bonds. CUSIP numbers will be printed on the Bonds,if' par° requested in the bid of the successful bidder, but No bid will be considered for the Bonds for less neither failure to print such numbers on any bond than par and accrued Interest,or for less than the nor error with respect'thereto shall constitute entire issue. The purchaser must pay accrued In- I cause for a failure,or refusal by the purchaser'- I' terest,if any,to dote of delivery of the Bonds. i thereof to accept delivery of and pay for the Bonds j Coupon rates shall be in multiples of'1/8th or 1/ in ac£ordance with the term of the purchase con • - 10th of 1%,or both.No more than one rote of inter- tract. All expenses in relation to the printing of est may be fixed for any one maturity. Only one CUSIP numbers on the Bonds shall be paid by the coupon will be attached to each of the Bonds for issuer;but the fee of the Cusip Service Bureau for each installment of Interest thereon,and bids pro- . the assignment of those numbers shall be the re- viding for additional or supplemental coupons will ' sponsibility of and shall be paid for by the parches- . be relented.The maximum differential between the er. lowest and highest coupon rates named In any bid If is understood that if,prior to the delivery of i shall not exceed 2%., the Bonds, the income receivable bV the holders i For the purposes'of comparing the bids only, thereof shall become taxable,directly or indirectly, the coupon rated bid being controlling, each bid by the terms of any federal income tax low, the shall state the total interest rate of the bid. • successful bidder may at Its option be relieved of The City reserves the right to waive any irregu- its obligation to purchase the Bonds,and in such ' lority or informality in any bid or.In the bidding case the deposit accompanying its bid will be re- ,I process. turned,without interest. The City will cause the Bonds to be printed or lithographed and signed without expense to the suc- cessful bidder. The'approving legal opinion of Messrs: Rob- . erts, Shefelman, Lawrence, Gay & Moth, attor- ' neys, Seattle,Washington,will be furnished to the purchaser of the Bonds without.cost to the purchas- er, which legal opinion will be printed on each bond:Bond counsel shall not be required to review I or express any opinion concerning the complete- ness or accuracy of any official statement,offering circular or other sales material issued or used in • connection with the Bonds,and bond counsel's opi- nion shall so state. Information concerning the Bonds may be re- �,, ceived upon request made to the undersigned or to` Seattle-Northwest Securities Corporation,500 Union Street, Seattle, Washington, the City's'financial consultant. , • , - DATED at Renton,Washington,this 5th day of February,1980. (S)DELORES A.MEAD,City Clerk _ Publication dates:2/20/80 2/27/80 3/5/80 1 3/12/80 • it .1 COUNSEL LAW OFFICES JOHN E.HAVELOCK * * HAROLD S.SHEFELMAN ROBERTS, SHEFELMAN, LAWRENCE,GAY & MOCH JAMES P.WETER(1877-1959) VICTOR D.LAWRENCE F.M.ROBERTS 0880-1973) JAMES GAY 1818 IBM BUILDING JAMES C.HARPER(RETIRED) ROBERT G.MOCH GEORGE M.MACK SEATTLE,WASHINGTON 98101 EORG BRIAN L.COMSTOCK • TEL.(206) 622-1818 TIMOTHY R.CLIFFORD JAMES S.TURNER LEE R.VOORHEES,JR. SUITE 302 WILLIAM N.APPEL DAVID B.SWEENEY 2600 DENALI STREET • WILLIAM G.TONKIN ANCHORAGE,ALASKA 99503. DAVID A.BENNETT ROBERT H.CAMPBELL TEL.(907) 276-1358 ROBERT G.MULLENDORE* r"°'r GARY N.ACKERMAN A g30 37I/r?0 , ROGER A.MYKLEBUST DIANE D.KENNY (C JON W. MACLEOD February 28, 1980 PAUL L.AH ERN,JR. WILLIAM H.SONG tj �V STEVEN E.CUMMINGS TERESA V.BIGELOW e �� Ms. Delores A. Mead czo `11;°:°; �ECity Clerk Municipal Building 200 Mill Avenue South • Renton, Washington 98055 • Re: $6, 000,000 "Unlimited Tax General Obligation Park- Bonds, 1980, Series A" Dear Del: Pursuant to information furnished me by Dick Kennedy and at the request of Ted Bennett, I have prepared and am enclosing an ordinance amending Ordinance No. 3399 to provide for an April 15 sale date for the bonds and raising the maximum net effective interest rate to 12% per annum. The ordinance also changes the date of the bonds, the interest payment dates and the maturity schedule based ' on a higher interest rate assumption. If this ordinance is passed at your March 3 Council meeting, I should appreciate receiving hack one certified copy of the ordinance together with certified excerpts from the minutes of the' Council meeting showing passage of the ordinance and an affidavit of publication of the ordinance after it has been published. • . I - am also enclosing an original and four copies of a new Notice of Bond Sale for publication for the required four times in your official newspaper with the first publication to be at least 23 days prior to the sale date. A copy of the new Notice of Bond Sale should also be mailed to the State Finance Committee in Olympia at least three weeks prior to the sale date. I am also enclosing an original and four copies _of a new . short form Notice of Bond Sale to be published in -the "Seattle Daily Journal of Commerce and Northwest Construction Record" once approximately two weeks prior to the sale date. • • • • • *WASHINGTON STATE AND ALASKA BARS. • **ALASKA BAR ONLY.ALL OTHERS WASHINGTON STATE BAR ONLY. . Ms. Delores A. Mead February 28 , 1980 Page 2 If you have any question concerning the new ordinance and notices, please do not hesitate to telephone me. With kindest personal regards, ROBERTS, SHEFELMAN, LAWRENCE, ' GAY & MOCH By �-� mes Gay JG/mlc Enclosures cc: Mr. Richard Kennedy Ms. Gwen Marshall Zi'i, OF REA. D 1 4 ,1 0 THE CITY OF RENTON U `, 4s Z (MUNICIPAL BUILDING 200 MILL AVE. SO. RENTON,WASH.98055 Z ` '', BARBARA Y. SHINPOCH, MAYOR • DELORES A. MEAD 9 co, - , CITY CLERK ,0 09 00P �T6D SEP1 � March. 10, 1980 Roberts, Shefelman, Lawrence, Gay & Moch Law Offices . 1818 IBM Building Seattle, WA 98101 . . ATTN: Mr. Jim Gay, Bonding Counsel RE: (Amended) $6,000,000 "Unlimited Tax General Obligation Park Bonds, 1980, Series A" Dear Jim: We forward herewith the following documentation regarding Park Bonds: 1 . Certificate of. Mailing of Notice of Bond Sale to the i State Finance' Committee. 2. Certified copy of Ordinance No. 3404 providing for issuance of bonds. 3. Council minutes showing passage of Ordinance No. 3404. If there is any further documentation required at this time, please advise. Yours very truly, CITY OF RENTON &t, Q2e4oL , z Delores A. Mead, C.M.C. t City Clerk DAM/st Enclosures 1 OF RA, iv 4► {` THE CITY OF RENTON `� • MUNICIPAL BUILDING 200 MILL AVE. SO. RENTON,WASH.98055 o rn BARBARA Y. SHINPOCH, MAYOR • 4ELORES A. MEAD 9,0 co• CITY CLERK 0,9gTFD SEP-CV ' March 6, 1980 CERTIFICATE OF MAILING • • STATE OF WASHINGTON) ) ss. COUNTY OF KING ) DELORES A. MEAD, City Clerk of the City of Renton, being first' duly sworn on oath, deposes and says that she is a citizen of the United , ' States and a resident of the State of Washington, over the age of 21 and . not, a party to nor interested in this matter. That on the 6th day of March, 1980, at the hour of 5:00 p.m. , your affiant duly mailed and placed in the United States Post Office at Renton, King County, Washington, by first class mail , a true and correct • NOTICE OF BOND SALE, T0, THE STATE FINANCE COMMITTEE, 314 INSURANCE BUILDING, OLYMPIA, WASHINGTON. ('$6,000,000 Unlimited Tax General Obligation Park Bonds, 1980, Series A) , • Delores A. Mead'', Cit .Clerk • SUBSCRIBED AND SWORN TO BEFORE me this 6th day of March, 1980. NbtaTy Publ i c i n and ,for the i State of Washington-,- residing I in King County • II • st i I i ink OF R�-(1/ •o liz=zw 0 THE CITY OF RENTON — 4% zastmreciv- MUNICIPAL BUILDING 200 MILL AVE. SO. RENTON,WASH. 98055_ oa rn BARBARA Y. SHINPOCH, MAYOR ® DELORES A. MEAD 0 (o• CITY CLERK • 0 SEP1. March 10, 1980 The Daily Journal of Commerce 83 Columbia Street Seattle, WA 98104 ATTN: Barbara Somes/Dennis Stuhang RE: (Amended) Notice of Bond Sale - Unlimited Tax General Obligation Park Bonds Gentlemen: Enclosed is City of Renton Notice of Bond Sale for publication on March 26, 1980. Please furnish affidavits of publication in triplicate. Thank you for your courtesies. Yours very truly, CITY OF RENTON rbL-tc Q Delores. A. Mead, C.M.C. City Clerk DAM/st • • • NOTICE OF BOND SALE CITY OF RENTON, WASHINGTON $6,000 ,000 "UNLIMITED TAX GENERAL ,OBLIGATION PARK BONDS , 1980 , Series A" • SEALED PROPOSALS will be. received by the City Finance Director at her office in the City Hall , 200 Mill Avenue South, Renton, Washington, until 11 :00 a .m. , local time, on April15 , 1980 at which time all bids will be publicly opened for the purchase ' . of $6,000 ,000 par value of "Unlimited Tax General Obligation Park Bonds , 1980 , Series A" ( the "Bonds" ) , of the City of Renton, Washington (the "City" ) . The bids will be opened and will .be considered and acted upon by the City Council at a continued regular meeting to be held in the Council Chamber commencing . immediately after the 'opening of all such bids . BONDS - DESCRIPTION • • The Bonds are to be issued by the City pursuant to a spe- cial election authorizing the same for strictly municipal capital purposes, other than the replacement of equipment , as provided by . Ordinance No. 3336 of the City passed and approved July 23 , 1979, as amended by Ordinance No.' 3343 passed and approved August 6 , 1979 , and Ordinance No. 3350 passed and approved August 20, 1979. The Bonds will be dated May 1, 1980; will be in the ' • denominations of $5,000 each ; will be numbered from 1 to 1200, inclusive ; will bear interest payable on May 1, 1981 , and semi- . annually thereafter on each succeeding November _' and May 1 , interest to maturity to be evidenced by coupons to be attached to the Bonds ; and will be payable, both principal and interest, at the office of the City Finance Director or , at the option of the holder , at either fiscal agency of the State of Washington in Seattle, Washington, or New York, New York. The Bonds will mature serially , annually, in order of their numbers on May 1 of each of the follow-. ing years: Bond Numbers Maturity ( Inclusive) Amounts Years 1 to 29 $145 ,000 1982 30 to 59 150 ,000 1983 . 60 to 91 160 ,000 1984 92 to 126 175,000 1985 127 to 164 190,000 . 1986 165 to 205 205 ,000 1987 206 to 250 225 ,000 1988 251 to 299 245 ,000 1989 300 to 352 265,000 1990 353 to 409 285,000 1991 410 to 471 310 ,000 1992 472 to 538 335,000 1993 539 to 611 365,000 1994 612 to 690 395,000 1995 691 to 776 430 ,000 1996 777 to 869 465,000 1997 870 to 971 510 ,000 1998 972 to 1081 550 ,000 1999 1082 to 1200 595 ,000 2000 The City reserves the right to redeem any or all of the Bonds prior to their stated maturity dates as a whole, or in part in inverse numerical, order, on May 1 , 1990 , or on any semiannual interest payment date thereafter, at par plus accrued interest to date of redemption. Notice of such intended redemption shall be published in the official newspaper of the City, or if there is no official newspaper , then in a newspaper of general circulation in King County, at least once not less than 30 nor more than 45 days prior to the call date , and a copy of such notice shall be mailed within the same period to the main office of the principal underwriter or account manager of the successful bidder for the Bonds or its suc- cessor . In addition , such redemption notice shall also be sent to Moody ' s Investors Service , Inc. , . and Standard & Poor ' s Corporation, at their offices in New York , New York, but the mailing of such notice to such New York corporations shall not be a condition - 2 - l � precedent to the redemption of such Bonds . Interest on any Bonds so called for redemption shall cease on such call date upon payment of the redemption price into the bond redemption fund for the Bonds. The City, by Ordinance No. 3399 , has irrevocably pledged itself to levy taxes annually, without limitation as to rate or amount, on all property in the City subject to taxation in an amount sufficient, together with other money legally available and used therefor, to pay the principal of and interest on the Bonds as the same shall accrue; and the full faith, credit and resources of the City have been irrevocably pledged for the payment of the principal of and interest on the Bonds. BID PROPOSALS - SALE Bidders are invited to submit proposals for the purchase of the Bonds fixing the interest rate or rates , not to exceed a maximum effective rate of 12% per annum, that the same shall bear in accordance with the maturity schedule above. Bidders shall submit bids specifying: ' • (a) The lowest rate or rates of interest and premium, if any, above par at which the bidder will purchase the Bonds ; or . (b) The lowest rate or rates of interest at which the bidder will purchase the Bonds at par. No bid will be considered for the Bonds for less than par and ac- crued interest, or for less than the entire issue. The purchaser must pay accrued interest,_ if any, to date. of delivery of the Bonds . . Coupon rates shall be in multiples of 1/8th or 1/10th of 1% , or both. No more than one rate of interest may be fixed for any one maturity. Only one coupon will be attached to each of the Bonds for each . installment of interest thereon, and bids providing - 3 - for additional or supplemental coupons will be rejected . The maxi- mum differential between the lowest and highest coupon rates named in any bid shall not exceed 2%. For the purposes of comparing the bids only, the coupon rates bid being controlling, each bid shall state the total interest rate of the bid. The City reserves the right to waive any irregularity or informality in any bid or in the bidding process . The Bonds shall be sold to the bidder making the best bid, subject to the right of the City Council to reject any and all bids and to readvertise the Bonds for sale in the manner provided by law , and no bid for less than all of the Bonds shall be considered. All bids shall be sealed, and, except the bid of the State of Washington, if one is received, shall be accompanied by a deposit of $300 ,000 . The deposit shall be either by certified or cashier ' s check made payable to the City Finance Director and shall be promptly returned if the bid is not accepted. The City reserves the right to invest the good faith deposit of the purchaser pending the payment for the Bonds . The purchaser shall not be credited for such earnings. If. the Bonds are ready for delivery .and the success- ful bidder shall fail and neglect to complete the purchase of the Bonds within forty days following the acceptance of its bid, the • amount of its deposit shall be forfeited to the City and in that event the City may accept the bid of the one making the next best. bid. If there be two or more equal bids for the Bonds for not. less than par plus accrued interest and such bids are the best bids received, the City Council shall determine by lot which bid shall be accepted. Any bid presented after the hour specified for the re- ceipt of bids will not be received and any bid not accompanied by - 4 • the required bid deposit at the time of opening such bid will not be read or considered. DELIVERY OF BONDS The Bonds will be delivered to the successful bidder at the office of the City Finance Director or in the City .of Seattle, at the City's expense, or at such other place as the City Finance Director and the successful bidder may mutually agree upon at the purchaser 's expense. A no-litigation certificate in the usual form will be included in the closing papers for the Bonds. CUSIP numbers will be printed on the Bonds, if requested . • in the bid of the successful bidder, but neither failure to print such numbers on any bond nor error with respect thereto shall con- stitute cause for a failure or refusal by the purchaser thereof to accept delivery of and pay for the Bonds in accordance with the terms of the purchase contract .. All expenses in relation to the printing of CUSIP numbers on the Bonds shall be paid by the issuer; but the fee of the Cusip Service Bureau for the assignment of those numbers shall be the responsibility of and shall be paid for by the purchaser. . It is understood that if , prior to the delivery of the Bonds, the income receivable by the holders thereof shall become taxable , directly or indirectly, by the terms of any federal income tax law, the successful bidder may at its option be relieved of its obligation to purchase the Bonds , and in such case the deposit accompanying its bid will be returned , without interest. ' The City will cause the Bonds to be printed or litho- graphed and signed without expense to the successful bidder. The approving legal opinion of Messrs . Roberts , Shefelman, Lawrence , Gay & Moch , attorneys, Seattle , Washington , will be fur- nished to the purchaser of the Bonds without cost to the purchaser, 1 - 5 - • a which legal opinion will be printed on each bond. Bond counsel shall not be required to review or express any opinion concerning the completeness or accuracy of any official statement, offering circular or other sales material issued or used in connection with the Bonds, and bond counsel 's opinion shall so state. Information concerning the Bonds may be received upon request made to the undersigned or to Seattle-Northwest Securities Corporation, 500 Union Street , Seattle , Washington , the City' s financial consultant. DATED at Renton, Washington, this day of March, 1980 . • DELORES A. MEAD, City Clerk Publication dates : March 19, '1980 March 26, 1980 April 2, 1980 •• v / 9 / o • - 6 • • NOTICE OF BOND SALE T �`J r ` a�V n 22 Qom. t.��...d � '� CITY OF RENTON, WASHINGTON �' ` • `-A 'CITY of RENTON • $6 , 000, 000 "UNLIMITED TAX GENERAL "c-�iERK'S OFFICS,��i' • OBLIGATION PARK BONDS, 1980 , Series A' SEALED PROPOSALS will be received by the City Finance Director at her office in the City Hall, 200 Mill Avenue South, Renton, Washington, until 11: 00 a.m. , local time, on APRIL 15, 1980, • at which time' all bids will be publicly opened for the purchase of • • $6 , 000, 000 par value of "Unlimited Tax General Obligation Park Bonds, 1980 , Series A" (the "Bonds") , of the City of Renton, Washington • (the "City" ) . The bids will be opened and will be considered and acted upon by the City Council at a continued regular meeting to be held in the Council Chamber commencing immediately after the opening of all of such bids. • • The Bonds will be dated May 1, 1980 ; mill be in. the denomi- nations of $5, 000 each; . and will mature serially in varying amounts from May 1, 1982, to May 1, 2000, inclusive. Coupon rates may be in multiples of 1/8 or 1/10 of 1%, or both. The net effective interest rate shall not exceed 12% per annum. The approving legal opinion of Messrs . Roberts, Shefelman, Lawrence, Gay & Moch, attorneys , Seattle, Washington, will be fur- nished to the purchaser of the Bonds without cost to the purchaser, which legal opinion will be printed on each Bond, and a no-litigation certificate will be included in the closing papers . The official Notice of Bond Sale and further information con- corning the Bonds and the ordinances fixing the purpose of their issuance and the covenants and terms thereof may be received upon request made to the undersigned or to Seattle-Northwest 'Securities Corporation , 500 Union Street, Seattle , Washington 98101 , the City ' s fi nonc ial consultant. • • DELORES A. IEAD, .City Clerk Daily Journal of Commerce - March 26, 1980 • NOTICE OF BON.D SALE • CITY OF RENTON, WASHINGTON • • • . $6 , 000 , 000 "UNLIMITED TAX GENERAL • OBLIGATION PARK BONDS, 1980 , Series A' SEALED PROPOSALS will be received by the City Finance Director at her office in the' City Hall, 200 Mill Avenue . South, Renton, Washington, until 11: 00 a.m. , local time, on • APRIL 15, 1980 , at which time all bids will be publicly opened for the purchase of $6, 000 ,000 par value of "Unlimited Tax General Obligation Park Bonds; 1980, Series A" (the "Bonds" ) , of the City of Renton, Washington • (the "City") . The bids will be opened and will be considered and . acted upon by the City Council at a continued regular meeting to be held in the Council Chamber commencing immediately after the opening of all of such bids. • The Bonds will be dated May 1, 1980; will be in . the denomi- nations of $5, 000 each; . and will mature serially in varying amounts from May 1, 1982, to May 1, 2000, inclusive. Coupon rates may be in multiples of 1/8 or 1/10 of 1% , or both. The net effective interest rate shall not exceed 12% per annum. The approving legal opinion of Messrs : Roberts , Shefelman, Lawrence, Gay & Moch, attorneys, Seattle, Washington, will be fur- nished to the purchaser of the Bonds without cost to the purchaser, • which legal opinion will be printed on each Bond, and a no-litigation certificate will be included in the closing papers . • The official, Notice of Bond Sale and further information con- cerning the Bonds and the ordinances fixing the purpose of their issuance and the covenants and terms thereof may be received upon request made to the undersigned or to Seattle-Northwest Securities Corporation, 500 Union Street, Seattle, Washington 98101 , the City 's financial consultant. • DF:LORES A. MEAD, C i t•;f Clerk OF R4,,, THE CITY OF RENTON t$' z MUNICIPAL BUtLDING 200 MILL AVE. SO. RENTON,WASH. 98055 7 ma !1 o o BARBARA Y. SHINPOCH, MAYOR DELORES A. MEAD 9 CITY CLERK 09gr6-D SEPt' P March 6, 1980 State Finance Committee 314 Insurance Building Olympia, WA 98504 RE: Notice of Bond Sale - $6,000,000 Unlimited Tax General Obligation Park Bonds, 1980, Series A-as Amended. Dear Sir: Please find enclosed a copy of the above-referenced notice of bond sale to be held by the City of Renton April 15, 1980. This amends the original notice for March 18,1980. If you need any further information, please feel free to contact this office. Yours very truly, CITY OF RENTON of az. Q. 7 oL Delores A. Mead, C.M.C. City Clerk DAM/st Encl . (1 ) NOTICE OF BOND SALE CITY OF RENTON, WASHINGTON $6,000 ,000 "UNLIMITED TAX GENERAL OBLIGATION PARK BONDS, 1980 , Series A" SEALED PROPOSALS will be received by the City Finance Director at her office in the City Hall, 200 Mill Avenue South, Renton, Washington, until 11 :00 a.m. , local time, on April 15 , 1980 at which time all bids: will be publicly opened for the purchase of $6,000 ,000 par value of "Unlimited Tax General Obligation Park Bonds, 1980 , Series A" (the "Bonds" ) , of the City of Renton, Washington (the "City" ) . The bids will be opened and will be considered and acted upon by the City Council at a continued regular meeting to be held in the Council Chamber commencing immediately after the opening of all such bids. BONDS - DESCRIPTION The Bonds are to be issued by the City pursuant to a spe- cial election authorizing the same for strictly municipal capital purposes, other than the replacement of equipment, as provided by Ordinance No. 3336 of.. the City passed and approved July 23 , 1979 , as amended by Ordinance No. 3343 passed and approved August 6 , 1979 , and Ordinance No. 3350 passed and approved August 20, 1979. The Bonds will be dated May 1, 1980; will be in the denominations of $5,000 each ; will be numbered from 1 to 1200 , inclusive; will bear interest payable on May 1, 1981 , and semi- annually thereafter on each succeeding November 1 and May 1, interest to maturity to be evidenced by coupons to be attached to the Bonds; and will be payable, both principal and interest, at the office of the City Finance Director or, at the option of the holder, at either fiscal agency of the State of Washington in Seattle, . ! 1 j Washington, or New York, New• York. The Bonds will mature seriallly, annually, in order of their numbers on May 1 of each of the follow- ing years: j • Bond Numbers! Maturity ( Inclusive) Amounts Years 1 to 29; $145,000 1982 30 to 591 ' 150,000 1983 I 60 to 911' 160,000 1984 . 92 to 1261 175,000 1985 ; j 127 to 164! 190,000 1986 165 to 205j 205,000 1987 j ', 206 to 2501 . 225,000 1988 11: 251 _ to 299 245,000 1989 ' 300 to 352 . 265,000 1990 353 to 409 285,000 . 1991 410 to 471 310 ,000 1992 . 11 • 472 to 538 335,000 1993 539 to 611 365,000 1994 1 ' 612 to 690 395,000 1995 691 to 776 430 ,000 1996 1 777 to 869 465,000 1997 870 to 971 510 ,000 1998 1 972 to 1081 550,000 1999 1 ' 1082 to 1200 595,000 2000 11 ; , The City reserves the right to redeem any or all of the 1 Bonds prior to their stated maturity dates as a whole, or in part in inverse numerical order, on May 1, 1990, or on any semiannual interest payment date; thereafter, at par plus accrued interest to 1 1 ' date ''of redemption. 1 Notice of such intended redemption shall be published in the official newspaper of the City, or if there is no official ' newspaper , then in ainewspaper of general circulation in King ' Couty, at least once not less than 30 nor more than 45 days prior • to the call date , and a copy of such notice shall be mailed within j ' the: same period to the main office of the principal underwriter or account manager of the successful bidder for the Bonds or its suc- cessor. In addition!, such redemption notice shall also be sent 'to 1 Moody' s Investors Service , Inc. , and Standard & Poor's Corporation, at .their offices in New York, New York, but the mailing of such notice to such New York corporations shall not be a conditions 1 1 - 2 1 . 1 ; precedent to the redemption of such Bonds . Interest on any Bonds so called for redemption shall cease on such call date upon payment of the redemption price into the bond redemption fund for the Bonds. The City, by Ordinance No. 3399 , has irrevocably pledged itself to levy taxes annually, without limitation as to rate or amount, on all property in the City subject to taxation in an amount sufficient, together with other money legally available and used ' therefor, to pay the principal of and interest on the Bonds as the same shall accrue, and the full faith, credit and resources of the City have been irrevocably pledged for the payment of the principal of and interest on the Bonds. BID PROPOSALS - SALE Bidders are invited to submit proposals for the purchase of the Bonds fixing the interest rate or rates, not to exceed a maximum effective rate of 12% per annum, that the same shall bear in accordance with the maturity schedule above. Bidders shall submit bids specifying: (a) The lowest rate or rates of interest and premium, if any, above par at which the bidder will purchase the Bonds ; or (b) The lowest rate or rates of interest at which the bidder will purchase the Bonds at par. No bid will be considered for the Bonds for less than par and ac- crued interest, or for less than the entire issue. The purchaser must pay accrued interest, if any, to date of delivery of the Bonds. Coupon rates shall be in multiples of 1/8th or 1/10th of 1% , or both. No more than one rate of interest may be fixed for any one maturity. Only one coupon will be attached to each of the Bonds for each installment of interest thereon, and bids providing - 3 - for additional or supplemental coupons will be rejected. The maxi- mum differential between the lowest and highest coupon rates named in any bid shall not exceed 2%. For the purposes of comparing the bids only, the coupon rates ' bid being controlling, each bid shall state the total interest rate of the bid. The City reserves the right to waive any irregularity or informality in any bid or in the bidding process. The Bonds shall be sold to the bidder making the best bid, subject to the right of the City Council to reject any and all bids and to readvertise the, Bonds for sale in the manner provided by law, 'and no bid for less than all of the Bonds shall be considered. All bids shall be sealed, and, except the bid of the State of Washington, if one is received, shall be accompanied by a deposit of $300 ,000 . The deposit shall be either by certified or cashier 's check made payable to the City Finance Director and shall be promptly returned if the bid is not accepted. The City reserves the right to invest the good faith deposit of the purchaser pending the payment for the Bonds . The purchaser shall not be credited for such earnings. If the Bonds are ready for delivery and the success- ful bidder shall fail and neglect to complete the purchase of the Bonds within forty days following the acceptance of its bid, the amount of its deposit shall be forfeited to the City and in that event the City may accept the bid of the one making the next best bid. If there be two or more equal bids for the Bonds for not less than par plus accrued interest and such bids are the best bids received, the City Council shall determine by lot which bid shall be accepted. Any bid presented after the hour specified for the re- ceipt of bids will riot be received and any bid not accompanied by - 4 - I i the required bid deposit at the time of opening such bid will not be read or considered. , DELIVERY OF BONDS The Bonds will be delivered to the successful bidder at the office of the City Finance Director or in the City of Seattle, at the City's expense, or at such other place as the City Finance Director and the successful bidder may mutually agree upon at the purchaser 's expense. A no-litigation certificate in the usual form will be included in the closing papers for the Bonds. CUSIP numbers will be printed on the Bonds, if requested in the bid of the successful bidder, but neither failure to print such numbers on any bond nor error with respect thereto shall con- stitute cause for a failure or refusal by the purchaser thereof to accept delivery of and pay for the Bonds in accordance with the terms of the purchase contract. All expenses in relation to the printing of CUSIP numbers on the Bonds shall be paid by the issuer; but the fee of the Cusip Service Bureau for the assignment of those numbers shall be the responsibility of and shall be paid for by the purchaser. It is understood that if , prior to the delivery of the Bonds, the income receivable by the holders thereof shall become taxable , directly or 'indirectly, by the terms of any federal income tax law, the successful bidder may at its option be relieved of its obligation to purchase the Bonds , and in such case the deposit accompanying its bid ' will be returned, without interest. The City will cause the Bonds to be printed or litho- graphed and signed without expense to the successful bidder. The approving legal opinion of Messrs. Roberts, Shefelman, Lawrence, Gay & Moch, attorneys, Seattle , Washington, will be fur- nished to the purchaser of the Bonds without cost to the purchaser, - 5 - which legal opinion will be printed on each bond. Bond counsel shall not be required to review or express any opinion concerning the completeness or accuracy of any official statement, offering circular or other sales material issued or used in connection with the Bonds, and bond counsel 's opinion shall so state. Information concerning the Bonds may be received upon request made to the undersigned or to Seattle-Northwest Securities Corporation, 500 Union Street, Seattle , Washington, the City's financial consultant. ' DATED at Renton, Washington, this day of March, 1980 . DELORES A. MEAD, Citr Clerk Publication dates : March 19, 1980 March 26, 1980 Apri 1 2, 1980 April 9, 1980 - 6 - NOTICE OF BOND SALE CITY' OF RENTON, WASHINGTON $6,000,000 "UNLIMITED TAX GENERAL OBLIGATION PARK BONDS, 1980 , Series A" SEALED PROPOSALS will be received by the City Finance Director at her office in the City Hall, .200 Mill Avenue South, Renton, Washington, until 11: 00 a.m. , local time, on March 18 , 1980, at which time all bids will be publicly opened for the purchase of $6, 000, 000 par value of "Unlimited Tax General Obligation Park Bonds , 1980, Series A" (the "Bonds") , of the City of Renton, Washington ' (the "City" ) . The bids will be opened and will be considered and acted upon by the City Council at a continued regular meeting to .be held in the Council Chamber commencing immediately after the opening of all of such bids . . The Bonds will be dated March 1 , 1980 ; will be in the denomina- tions of $5, 000 each; and will mature serially in varying amounts from March 1, 1982, to March 1, 2000, inclusive . Coupon rates may be in multiples of 1/8 or 1/10 of 1% , or both . .. The approving legal opinion of Messrs . Roberts , Shefelman, Lawrence, Gay & Moch, 'attorneys , Seattle, Washington, will be fur- nished to the purchaser of the Bonds without cost to the purchaser, which legal opinion will be printed on each Bond, and a no-litigation certificate will be included in the closing papers . The official Notice of Bond Sale and further information con- cerning the Bonds .and, the ordinances fixing the purpose of their issuance and the covenants and terms thereof may be received upon request made to the undersigned or to Seattle-Northwest Securities Corporation, 500 Union Street, Seattle, Washington 98101, the City ' s financial consultant. DELORES A. MEAD, City Clerk Published February 27, 1980 DaiL\) . 3ouvwc+L of (20)nMekee • CITY OF RENTON, WASHINGTON ORDINANCE NO. 3404 AN ORDINANCE of the City of Renton, Washington, relating to contracting an indebtedness and amending Ordinance No. 3399 providing for the issuance and sale,of $6,000,000 par value of "Unlimited Tax General Obligation Park Bonds, 1980,. Series A" of . the City. WHEREAS, by Ordinance No. 3399 passed February 4, 1980, the City of Renton, Washington (hereinafter called the "City" ) pro- vided for the issuance ,and . sale of $6,000,000 par value of "Unlimited Tax General Obligation Park Bonds, 1980, Series A, " which ordinance provided that bids for the purchase of such bonds would be received by the City Finance Director on March 18, 1980, and further specified the maximum effective interest rate which the bonds may bear to be 8% per annum; and WHEREAS, due to present conditions existing in the municipal bond market it is anticipated that the City will be unable to receive bids for the purchase of such bonds on March 18 , 1980, with the maximum effective interest rate limitation of 8% per annum and the City has determined that such maximum effective rate of interest should be raised and a new sale date fixed for the receipt of bids for such bonds; NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF RENTON, WASHINGTON, DO ORDAIN, as follows: Section 1. Section 1 of ,Ordinance No. 3399 is amended to read as follows: Section 1,. The City of Renton, Washington (hereinafter called the "City") , shall presently issue and sell $6,000, 000 par value of negotiable general obligation bonds of the total $7 , 825,000 par value ,of negotiable general obligation bonds authorized by the qualified voters of the City at a special election held on September 18, 1979, pursuant to Ordinance No: 3336 passed and approved' July 23, . 1979, as amended by' Ordinance No. 3343 passed and approved August 6, 1979, 'and Ordinance No. 3350 passed and approved August 20, 1979, for the ,purpose Of constructing recreational facilities including boat launch, fishing pier,' trails, day moorage, parking, floating structures., and other equipment and materials incident thereto at the Gene Coulon Memorial Beach Park. The bonds shall be designated "Un- . limited Tax General Obligation Park Bonds, 1980, Series A" (the "Bonds" of the City; shall be dated May 1, 1980;. shall be in denominations of $5, 000 each; shall be numbered from 1 to 1200, inclusive; and shall bear interest at an effective rate ,of not to exceed 12% per annum payable on May 1; 1981, and semiannually thereafter on each succeeding November 1 and May 1, as evidenced by coupons to be attached to the Bonds representing interest to maturity and with full obligation on the part of the City to pay interest at the bond rate from and after maturity until the Bonds, both principal and interest, are paid ;in ful: or until sufficient money for such payment in full is on deposit in the "Unlimited Tax General Obligation Park Bond Fund, 1980" (the "Bond , Fund") , hereinafter created and the Bonds have been duly called for payment. Both principal of and interest on the Bonds shall be paid -2- in lawful money of the United States of America which at the time of payment shall be legal tender for the payment of public and private debts, at the office of the City Finance Director, or, at the option of the holder, at either fiscal agency of the State, of Washington in Seattle, Washington, or New York, New York. The Bonds shall mature serially, annually, in order of their numbers in the following amounts on May 1 of each of the following years (such maturity schedule being computed at an assumed interest rate of 8 .50% per annum) : Bond Numbers Maturity (Inclusive) Amounts Years 1 to 29 $145, 000 1982 30 to 59 150,000 1983 60 to 91. 160, 000 1984 92 to 126 175, 000 1985 127 to 164 190, 000. 1986 165 to 205 205, 000 1987 206 to 250 . 225, 000 1988 251 to 299 245, 000 1989 300 to 352 265, 000 1990 353 to 409 285, 000 1991 410 to 471 310, 000 19.92 472 to 538 335, 000 1993 539 to 611 365, 000 1994 612 to 690 395, 000 1995 691 to 776 430, 000 1996 777 to 869 465, 000 1997 870 to 971 510,000 1998 972 to 1081 550, 000 1999 1082 to 1200 595, 000 2000 • -3- The City reserves the right to redeem any or all of the • Bonds prior to their stated maturity dates as a whole, or in part in inverse numerical order, on• May 1, 1990, or on any semiannual interest payment date thereafter at par plus accrued . interest to date of redemption. Notice of such intended redemption shall be published in the official newspaper of the City, or if there is no official newspaper, then in a newspaper of general circulation in King County, at least Once not less than 30 nor more than 45 days prior .to the call date, and a copy of such notice shall be mailed within the same period to the main Office of the, principal underwriter or account manager of the successful bidder for the Bonds, or its successor: In addition, such ' redemption notice shall also be sent to Moody' s Investors Service, Inc. , and Standard & Poor' s. Corporation, at their offices in New York, New York, but the mailing of such notice to such New York corporations shall not .be a condition precedent to the redemption of such Bonds. Interest on any' Bonds so called for redemption shall cease .on such call date upon payment of the redemption price into the Bond Fund. Section 2. Section 6 of Ordinance No. 3399 is amended to read as follows: . • Section 6. The Bonds shall be sold for cash at public sale for not less than par, plus accrued interest. The City Clerk is hereby authorized to give notice calling for bids to purchase the Bonds by publishing the same once a week for four consecutive weeks in the official newspaper of the City, or if there is no official newspaper, then in a newspaper of general circula- tion in King County, and a short abbreviated form of such notice shall -4- • also be published once in The Seattle Daily Journal of Commerce and Northwest Construction Record of Seattle, Washington, at least ten days prior to the sale date. Such notice shall specify that sealed bids for the purchase of the Bonds shall be received by the City Finance Director in her office in the City Hall on April 15, 1980, up to 11:00 a.m. , local time, at which time all bids will be opened and will be considered and award made by the City Council at a con- tinued regular meeting to be held in the City Council Chambers commencing immediately after the opening of all such bids. A copy of the notice shall, at least three weeks prior to the date fixed for the sale, be mailed to the State Finance Committee, Olympia, Washington. Bids shall be invited for the purchase of the Bonds with fixed maturities in accordance with the schedule specified in Section 1 hereof. The notice shall specify the maximum effective rate of interest the Bonds shall bear, namely, 12% per annum, and shall require bidders to submit a bid specifying: (a) The lowest rate or rates of interest and premium, if any, above par at which the bidder will purchase the Bonds; or (b) The lowest rate or rates of interest at which the bidder will purchase the Bonds at par. No bid will be considered for the Bonds for less than par and accrued interest. The purchaser must pay accrued interest to date of delivery of the Bonds. -5- • • • . Coupon rates shall be in multiples of 1/8th or 1/10th of . 1%, or both. No more than one rate of interest may be fixed for any one maturity. ' Only 'one coupon will be attached to each of the Bonds for each installment of interest thereon, and bids providing for additional or supplemental coupons will be rejected. The maxi- mum differential between the lowest and highest coupon rates named . in any bid shall not exceed 2%. For the purpose of• comparing the bids only, the coupon rates bid being controlling, each bid shall state the total interest Cost over the life of the Bonds and the net effective interest rate of the bid. • The Bonds shall be sold to the bidder making the best bid, subject to the right of the City Council to reject any and all bids and .to readvertise the Bonds for sale in the manner provided by law, and no bid for less than all of the Bonds shall be considered. The City further reserves the right to waive any irregularity in any bid or in the bidding process. • All bids shall be sealed, and, except the bid of the State of Washington, if one ,is received, shall be accompanied by a deposit of $300, 000. The deposit shall be either by certified check or cashier' s check made payable to the City Finance Director and shall be promptly returned if the bid is not accepted. The City reserves the right to invest the good faith deposit of the purchaser pending the payment for the Bonds. The purchaser shall not. be credited for such • earnings. If the Bonds are ready for delivery and the successful bidder shall fail or neglect to complete the purchase of the Bonds -6- within forty days following the acceptance of its bid, the amount of its deposit shall be forfeited to the City and in that event the City may accept the bid of the one making the next best bid. If there be two ore more equal bids for not less than par plus accrued interest and such bids are the best bids received, the City Council shall determine by lot which bid shall be accepted. The Bonds will be delivered to the successful bidder at the office of the City Finance Director or in Seattle, Washington, at the City' s expense, or at such other place as the City Finance Director and the successful bidder may mutually agree upon at the purchaser's expense.. A no-litigation certi- ficate in the usual form will be included in the closing papers. Any bid presented after the time specified for the receipt of bids will not be received and any bid not accompanied by the required bid deposit at the time of opening such bid will not be read or con- sidered. If, prior to the delivery of the Bonds, the income receivable by the holders thereof shall become taxable, directly or indirectly, by the terms of any federal income tax law, the successful bidder may at its option be relieved of its obligation to purchase the Bonds, and in such case the deposit accompanying its bid will be returned, without interest. The notice of bond sale shall provide that the City will cause the Bonds to be printed or lithographed and signed and will furnish the approving legal opinion of Messrs. Roberts, Shefelman, Lawrence, Gay & Moch, municipal bond counsel of Seattle, Washington, covering the Bonds without cost to the purchaser, the opinion also ' -7- being printed on each bond. Bond counsel shall not be required to • • review or express any opinion concerning the completeness or accuracy of any official statement, offering circular or other sales material issued or used in connection with the Bonds, and bond counsel ' s opinion shall so state. Such notice shall also provide that. further .informa- tion regarding the details of the Bonds may be received upon request made to the City Clerk or to Seattle-Northwest Securities Corporation, 500 Union Street, Seattle, Washington, the City' s financial consultant. Section 3. This ordinance shall take effect from and after its passage and five (5) days following its publication as required by law. PASSED by the City Council of the City of Renton, Washington, at a regular open public meeting thereof, this 3rd day of March, 1980. Q. * &• DELORREES A. MEAD, (City Clerk APPROVED by the Mayor this 3rd day of March, 1980. BARBARA Y. SAI I.CR, )Magor FORM. APPROVED: " City Attorney • • • Date of Publication March 12, 1980 -8- • I • I, DELORES A. MEAD, City Clerk of the City of Renton, Washington, hereby certify that the attached copy of Ordinance No. 3VO4/ is a true and correct copy of the original ordinance passed on the 3rd day of March, 1980, as such ordinance appears on the Minute Book of the City. DATED this day of March, 1980. DELORES� A. MEAD, City Clerk t clo y re,A1 /..,....t ...,--- ry1 /(:.. i i i , ) I 4A—,•/i, A,e,,c.,t,,,'_ti-Le.._.4) i 3 , (PO in lawful money of thk United States of America which at the time of ayment shall be legal tender for the payment of public and •rivate deb , at the office of the City Finance Director, or, at e option of the h lder, at either fiscal agency of the State of -shington in Seattle, Was ington, or New York, New York. The Bones shall mature serially, annua ly, in order of their numbers in • e following amounts on May 1 of each o the following years (such aturity schedule being computed at an assumed .nterest rate of 8. 50% per annum) : Bond Numbers Maturity (Inclusive) Amounts Years 1 to 29 $ 15 , 000 1982 30 to 59 15i 0'00 1983 60 to 91 160 :00 1984 92 to 126 17 , 0II 1985 127 to 164 1 % 0, 000 1986 165 to 205 ' 05, 000 1987 206 to 250 225, 000 1988 251 to 259 245, 000 1989 300 to 352 264, 000 1990 353 to 409 285, 000 1991 410 to 471 310, 000 1992 472 to 538 335, 000 1993 539 to 611 365, 000 994 612 to 690 395, 000 l' •5 691 to 77 . . 430, 000 199: 777 to 86'9 465 , 000 1997 870 to 9 1 510, 000 1998 972 to :81 550, 000 1999 1082 to 000 595, 000 2000 -3- tat' 6"4115L - ' RENTON CITY COUNCIL Regular Meeting February 11 , .1980 Municipal Building Monday 8 : 00 P . M . Council Chambers MINUTES CALL TO ORDER Mayor Barbara Y. Shinpoch led the Pledge of Allegiance to the flag and called the Renton City Council to order. 1 ROLL CALL OF THOMAS W. TRIMM, Council President; ROBERT J. HUGHES: RANDALL COUNCIL ROCKHILL, RICHARD M. STREDICKE, JOHN W. REED. MOVED BY TRIM, SECOND HUGHES, ABSENT COUNCIL MEMBERS CHARLES F. SHANE AND, EARL CLYMER BE EXCUSED. CARRIED. Charles F. Shane arrived at 8:05 p.m. CITY OFFICIALS BARBARA Y. SHINPOCH, Mayor; MICHAEL PARNESS, Administrative IN ATTENDANCE Assistant; LAWRENCE WARREN, City Attorney; RICHARD GEISSLER, Fire Chief; GORDON ERICKSEN, Planning Director; RICHARD HOUGHTON, Public Works Department; DON PERSSON, Police Department. MINUTE APPROVAL MOVED BY1TRIMM SECOND HUGHES, APPROVE COUNCIL MINUTES OF 1 FEBRUARY14, 1980. Councilman Stredicke inquired re Ordinance Park Bonds No. 3399! adopted 2/4, Coulon Beach Park bonds. Mayor Shinpoch advised total bond issue $6,000,000 reduced from $7, 125,000 also, that any additional funds received will be deducted; also that Park Director Webley successfully obtained State grant. CARRIED. ' 1 PUBLIC' HEARING This being the date set and proper notices having been posted - Annexation and published according to law, Mayor Shinpoch opened the public Fire Station #3 hearing to consider annexation of property for the proposed Property site of Fire Station No. 3; property located on the east side of 108th Ave. SE (Benson Hwy) between SE 170th St. and SE 173rd St. ' Letter from City Clerk Mead called attention to Resolution No. 2314 'adopted 1/21/80 declaring City's intent to annex for municipal) purposes and set public hearing 2/11 . The letter recommended the Council at the close of the hearing, authorize the Planning Department to proceed and file necessary documents ' with the 'King County Boundary Review Board. Planning, Director Ericksen 'used wall maps and explained the area single family residential , that proposed use would be allowed; that the annexa- tion will provide service to South Renton residential areas; Valley General Hospital a+d Green River Valley industrial areas; area 20,000 sq. ft. (0.05- acre) . Ericksen pointed out close proximityito proposed SR-515. 1 Continued Fred Heisterman, Commissioner, King County Fire District No. 40, expressedlconcern whether the station included in Fire Comprehen- , sive Planfor King County; noting he was not necessarily opposed. Councilman Shane inquired of City use of King County #40 Station and Heisterman noted previously correspondence and opposition. , i , MOVED BY SHANE, SECOND STREDICKE, CLOSE THE PUBLIC HEARING. ICARRIED. MOVED BY SHANE, SECOND TRIMM, COUNCIL ACCEPT THE PROPOSED ANNEXA- 11 CARRIED. AUDIENCE, COMMENT Rachel Christianson, 469 Grandey Way NE, requested matter of Agenda item 9.a be presented (Mull Rezone Appeal) . MOVED BY Herbert Mull STREDICKE; SECOND SHANE, COUNCIL CONSIDER ITEM 9.a. CARRIED. Rezone R-412-79 Land Use Hearing Examiner Kaufman recommended denial of applica- and Appeal tion for rezone by Herbert Mull from G-7200 to R-3 for proposed multi-family development in the vicinity of 821 Sunset Blvd.'1NE. City Clerk Mead recalled appeal filed by Attorney for Mull1and subsequent; request for postponement of hearing of appeal to the 2/11/80 meeting; Council granted request 1/14/80. Mrs. Christianson presented -a letter for the Planning and Development Committee. MOVED BY STREDICKE, SECOND SHANE, REFER THE CORRESPON- DENCE TO THE PLANNING AID DEVELOPMENT COMMITTEE. CARRIED. Planning and Development Committee Chairman Rockhill reported meeting with Attorney for Mull 2/7/80; Attorney not preparediand requested continuation for two weeks which was granted (2/21 ,Com- mittee meeting; 2/25 Council meeting). See later Audience ;Comment. R=nton City Council . 2 illl 1/80 Page 2 A DIENCE COMMENT - Continued � I Djainage re Alec Book, 1726 Duvall NE, commented regarding Consent Agenda DIelopment Item 8.f. Rezone 456-79(Shannon O'Neil) . 1Mr. Book noted his S 'nset Blvd NE property to the north, that natural drainage is across property D wall NE. to be rezoned. Book requested sufficient storm drainage system so there will be no run off problem created. (See later motion.) M 11 Rezone Tina Russell , 851 Aberdeen NE, spoke against Herbert Mull rezone R-412-79 (see Page 1) , reporting anxiety would be caused her by loss of view and added conjestion. MOVED BY STREDICKE, SECOND ROCKHILL, COUNCIL REFER THE COMMENTS OF MR. BOOK TO THE WAYS AND MEANS COMMITTEE AND MRS. RUSSELL TO THE PLANNING AND DEVELOPMENT COMMITTEE. CARRIED. I ' O D BUSINESS BY COUNCIL lanticipated MOVED BY STREDICKE, SECOND SHANE, ENTIRE SUBJECT OF AMENDMENT TO evenue THE 1980 BUDGET DUE TO RECEIPT OF UNANTICIPATED REVENUE BE REFERRED TO THE COMMITTEE OF THE WHOLE FOR DISCUSSION. CARRIED. xecutive In accordance with request of Community Services Committee, MOVED session BY TRIMM, SECOND STREDICKE, COUNCIL HOLDjEXECUTIVE SESSION AFTER AGENDA ITEM 10 to discuss Cedar River Trail Acquisition. CARRIED. • ommunity Community Services Committee Chairman Stredicke presented report Services regarding request of Dale Owens for the placement of two broad- ¢ommittee Report cast towers on City property with 99 year lease. The report Broadcast Towers stated 2/19 meeting to discuss matter. MOVED BY STREDICKE, SECOND HUGHES, CONCUR IN REPORT. CARRIED. ays and Means V The Ways and Means Committee recommendedithat the Council Agenda ommittee Report include an "Administrative Report" following the Consent Agenda. „ayor' s Report MOVED BY STREDICKE, SECOND ROCKHILL, COUINCIL CONCUR. CARRIED. Energy Councilman Stredicke called attention to Administrative report regarding energy consumption in the' City and asked special recognition be given for departments cutting back energy use: Park Department cut back 19%, Street cut back 12%, Executive Office 17%. Voucher Approval The Ways and Means Committee recommended approval of Vouchers No. 26817 through 27047 in the amount of $355,570.50 having received departmental approval . Vouchers No. 26812 - 26816 were machine voided. MOVED BY STREDICKE, SECOND ROCKHILL, COUNCIL CONCUR IN REPORT AND APPROVE VOUCHERS FOR PAYMENT. CARRIED. t ORDINANCES AND RESOLUTIONS ;Ways and Means The Ways and Means Committee Acting Chairman Stredicke submitted Committee Report report recommending second and final reading of an ordinance Ordinance #3400 appropriating $22,522.55 for airport improvements. Following Airport reading it was MOVED BY TRIMM, SECOND SHANE, ADOPT ORDINANCE Appropriation AS READ. ROLL CALL: ALL AYES. , CARRIED. (First reading 2/4/80) Ordinance 3401 An ordinance was placed on second and final reading as recommended Lazetti annexing property to the city, known asIthe Lazetti Annexation. Annexation Following reading, it was MOVED BY TRIMS, SECOND SHANE, ADOPT THE ORDINANCE AS READ. ROLL CALL: ALLIAYES. CARRIED. (First reading of the ordinance 2/4/80) CONSENT AGENDA The following items of business are adopted by one motion which follows the business included: Damages Claim Claim for Damages was filed by Anna M. Phelan, 506 S. 17th St. , , 'in amount of $120 for damage to carpet alleging snow storm _ run off damage. Refer to City Attorney' and Insurance Carrier. • , Damages Claim Claim for Damages filed by Lowell E. Smith, 2425 NE 25th St. , for tire damage alleging open man hole. Refer to City Attorney and Insurance Carrier. Claim in amount of $80.87. .'r { ar t, �A • t' ;'� 1.„�` FR' ' , LI, . .q 7' NTON ,it \"r ..�1= i, VT HEC TO , 'tiisC'; i� O. , '' � N ' 20 'MIIAVE:SO. RENTON;WAS H.98055 �, 4. ,, -: ,.' ':: ".r;;� ' UNICIPAI,BUILIG''_ ;,A 0 '� D': , . .,:,,. _, ..,': '. L ; BARBARA`��Y: SHINROGHYO CITY-CLERK,., >. : `Z: W �0 . - EL ORES .: MEAD,n.,' � • • • • • •• • ,o9 I O 99qTFDPTE Februr, 1 ';' 18 Roberts, .ShefelmanLawrence,.' Ga i:Mocli" ' Law Offices ' 18t8� IBM Build i n 9 WA8 Sea le' 101:seat '9 n n 1,: . J .Bondi ��Co • , RE: $6,000 00.0 "Un"l.i•mi ted•`'Tax'. Gen_ eral Obl igati,on 'P• ark ; Bonds,- '1980 Ser;ies`,.'A,:. ,,: Dear J i m': ' 1 t a • , U dr'" [ 1? 'r�t I •4 to• a w:d �l ste b• ,P Bon s as ' i �,.:' We forward �herewi ffi''documentati_on` �'re' ar:`d'i�n ark :,.,:fit.,,. , .,.r.� '},• .,4,)-'%"'..;is`,�;,^,: - 1 Notince''of'Bond ;Sale-as sent; to'';the.'Da;i:ly„Journa'l of „s`., Commer,ce•. �� s, is�°'= y 'd lie±" o. 'e��'' . C� .o:� >No`t• ce-of;'Bon "Sa :t `th 2_. �Cert i f:i ca'te=�;of"�.Ma�i.l=.in �;: i ,,' L 9; •tti d {: S tot"e Finance ;;Comm i,t tee ',;;• •3: . State -Fi Hance Committee 11'etter.+�acknowledging;�receipt :� f �'�:�' • „ 4 : Certified ,co o•f°:b.rd i:na,nce'-`tNo::�;i. 'r.'.ov i d i n .for , f. d "' �.,..,.: ., . i s nce -o bon s. ,..: .::.;.. ,,� I. rd'nan's av '�of,�0 i ce Council:�,minutes:;!s awe •• 3399 '�'��' , ' Aff,idav•it of Publication of Ordivatic"e:.No 3399":and Affi'davi`t:of`Pub'li'cati'on d ",aie 'wi -1':.be for'a'rded '.0 on,'their'::;recei ,t: of 'thee official not.i ce.:,of:`'bon =s 1 w p P mot' j. ,k, fi`i�t r" :• �t'''as'me e th's:':.t'. 'on„:re�"u''i're d� ate. i i 'F,:. I f. there. .i s' an fur'ther'::'.docu�menita,ft ,. ,;'�' ,,. y. q P- ; 1: •.� • • u.rs .ver" tr I .Ni O ;Y y "a'. M, i+l, .1� '• � ..� - - "iG ��' F TON' , , TY0 R'EN :'r I:;; '4 ,1 �.{v. a ' ;''-,:i,!;:',''.....-1...--' ; -t',i.',r.',''0. ,... .14.1061'..':.:,I I .4_ - 'it%: i1 d• .1 - e 1 o e•s'� f `D , r L DAM s t + , i; ��• / • � is rd??. ' . Enclosures; • ;. ., }.. :, j'� i.ia Y' I,' 3d+;` I , 1 '/I't ;'fi. f ''r. ' ' f f,', ,ice '1, u .0.1 9"' tt 1' 1 e' ` t `�' 1 f� i' r: ,w ,..\..:''a+Y-��^tit.`•f_� �77'^a, 1:; { t•. 1,v i,.dtt:i. JJ„e S. •• i.• } �is is .rli,e Vic;.., ., :... ,._; - • ] , LC; 1 Renton City Council 2/4/80 Page 4 . 1 ORDINANCES AND RESOLUTIONS Continued First Reading An ordinance was read annexing property to the City being ' 1 contiguous in the northeast section of the City, known as the Lazetti Annexation. _MOVED BY CLYMER, SECOND STREDICKE, REFER MATTER BACK TO THE WAYS AND MEANS COMMITTEE. CARRIED. Human Rights Ways and Means Committee Chairman Clymer noted two weeks Ordinance delay has been requested for a delay in presenting ordinance amending meeting schedule of Human Rights and. Affairs Solid Waste Commission. Clymer also noted delay in presentation of Collection Rates ordinancelamending solid waste collection rates. Ordinance #3399 The committee recommended reading, suspension of rules and, Park Bonds adoption of ordinance providing issuance and sale of Park Gene Coulon Bonds in amount of $6,000,000. Following reading, MOVED BY Memorial Beach CLYMER, SECOND ROCKHILL, ADVANCE ORDINANCE TO SECOND AND FINAL READINGS. CARRIED. Following readings, MOVED BY CLYMER, SECOND STREDICKE, ADOPT ORDINANCE AS READ. ROLL CALL: ALL .'I AYES. CARRIED. i Resolution #2316 The committee recommended reading and adoption of the following Federal Aid or resolutions: A resolution was read authorizing the Mayor and Forward Thrust City Clerk to execute documents for allocation and expenditure Projects , of Federal Aid or Forward Thrust funding, for: Safety Planning Study, NEISunset Blvd. signalization, miscellaneous street lighting relocation, N 1st St. and N 30th St. MOVED BY CLYMER, SECOND ROCKHILL, ADOPT AS READ. CARRIED. 1 1 Resolution #2317 A resolution was read authorizing the Mayor and Clerk to Green Rider enter into', agreements with the U.S. Soil Conservation Service Valley I and other ,local sponsors re drainage and flood control improve- Flood Control ments in the Green River Valley. MOVED BY CLYMER, SECOND STREDICKE, iADOPT AS READ. ROLL CALL: ALL AYES EXCEPT SHANE VOTED NO. ' MOTION CARRIED. CONSENT AGENDA The following items are adopted by one motion which follows letters included. Federal -Aid and Letter from Public Works Director Gonnason requested adoption' Forward Thrust of resolution authorizing the Mayor and City Clerk to execute' Funding I documents relating to Federal-Aid and Forward Thrust funding applications. Refer to Ways and Means Committee. (See above.) Proclamation Proclamation of Mayor Shinpoch declared February 17 to 23, 1980 as Brotherhood Week sponsored by the National Conference' of Christians and Jews. Council concur. 1 Consent Agenda MOVED BY CLYMER, SECOND SHANE, COUNCIL ADOPT THE CONSENT Approval 1 AGENDA AS PRESENTED. CARRIED. CORRESPONDENCE AND CURRENT BUSINESS Gustafson Letter from Land 'Jse Hearing Examiner Fred Kaufman presented Preliminary Plat Preliminary Plat and Exception of Arthur D. Gustafson, 14-lot ' PP-441-79 land single family subdivision on property located on the west side E-448-79 of Union Ave. NE and an exception to the subdivision ordinance Union Ave. NE for cul-de- ac length. The Examiner recommended approval with at NE 10th St. conditions. ' Appeal was. filed. by Public Works Director Gonna'son Appeal of the Examiner's decision dated December 24, 1979, noting his , request for consideration January 2, 1980 and. Examiner's response of the 3rd. The appeal letter claimed substantial errors in law and fact: (1) The Examiner determined that NE: 110th. St. should not be extended as a collector arterial between Union Ave. NE andiMonroe NE, which is contradictory to the 1985 Urba'n Area Comprehensive General Development Plan adopted by the City Council ; (2) The decision of the Examiner changes the Plan without going through appropriate process. Planning and Develop- ment Committee Chairman Rockhill presented, committee report .' 1 recommending that the City Council modify the recommendation of the Land Use Hearing Examiner based on error pf law which is 1 1 I i i Renton City Council 2/4/80 Page 3 - OLD BUSINESS Committee of Council President Trimm submitted committee report re review of the Whole the Eastside Watershed Project proposed revision and the revised Green River Flood Watershed Plan Agreement. The committee recommended the Control Program Council authorize the Mayor and City Clerk to sign the agreement the matter be referred to the Ways and Means Committee for the resolution with the following stipulations: (1 ) That there be full consideration of the wetland area east of the freeway (SR-167) for additional storage and channel area and approved wetlands; (2) Current wetlands be retained as approved wetlands and/or traded for property of equal dollar value for suitable wetland retention and project compensate City totally; (3) Cost of the project be born by benefiting property owners located on the Valley floor west of SR-167 and south of the Burlington Northern - Milwaukie railroad right-of-way or as otherwise specified by the City Council in a subsequent agreement prior to the commitment of any local funds. MOVED BY STREDICKE, SECOND TRIMM, COUNCIL CONCUR IN COMMITTEE REPORT. ROLL CALL: 6-AYE: TRIMM, CLYMER, HUGHES, ROCKHILL, STREDICKE; ONE-NO: SHANE. MOTION CARRIED. See later resolution. Fire Training Moved by Stredicke that the City go on record as surplussing Site the Fire Training site in South Renton. SURPLUS MOTION BY CLYMER, SECOND STREDICKE, REFER THE SUBJECT OF THE FIRE TRAINING SITE TO THE PUBLIC SAFETY COMMITTEE. CARRIED. Ways and Means Ways and Means Committee Chairman Clymer submitted committee Committee Report report recommending concurrence in the Mayor's reappointment Reappointment of Michael Porter to the Planning Commission for a three- Planning year term effective through 1/31/83. MOVED BY STREDICKE, Commission S/ECOND CLYMER, CONCUR IN THE RECOMMENDATION. CARRIED. Reappointment The committee recommended concurrence in the Mayor's appoint- Hearing Examiner ment of Fred J. Kaufman to the position of Land Use Hearing Examiner effective to 1/20/82. MOVED BY STREDICKE, SECOND CLYMER, CONCUR IN THE RECOMMENDATION. CARRIED. National League Letter from Council Members Clymer and Hughes requested Conference Council authorization to attend the 1980 National League of Clymer and Hughes Cities Congressional - City Conference in Washington, D.C. , 3/16-18/80. Council approval requested. MOVED BY STREDICKE, SECOND ROCKHILL, APPROVE REQUEST. CARRIED. Mayor's Report MOVED BY ROCKHILL, SECOND HUGHES, MAYOR' S REPORT BE SUBMITTED. CARRIED. (1 ) Mayor Shinpoch noted meeting with Housing and Community Development Grant Project Committee for determination of "needs" application awards; Renton voted $47,000 for housing assistance and $11 ,000 for health care. (Planning Director Ericksen explained "population" monies will be received; many items 1/2 funded. ) (2) Renton and Tukwila Police were lauded for last week's successful apprehension of robbers within eight minutes after Valley Com 911 received call following gun-point hold up at Puget Power. (3) There has been a request for an unlimited hydroplane race at Gene Coulon Memorial Beach Park in May; potential crowd 20,000; no one permitted on undeveloped park and developed area accommodates 7,500. Some merchant support. (4) CPR classes will be held at Delaurenti Fire Station, March 4-5/80, Council Members invited to attend. (5) A supple- mental budget for 1980 has been presented to Council ; $1 , 120,000 unanticipated revenue received from area of sales taA; projections were low for the City as well as other cities, county and state. The Mayor noted it may be prudent to reserve some excess to protect the City's cash flow due to new reports advising County tax statements will be late. ORDINANCES, AND RESOLUTIONS Ways and Means Was and Means Committee Chairman Clymer recommended first read- Committee Report ing\, of an ordinance appropriating funds in amount of $22,552.55 First Reading ADAP Project Quick Egress Taxiways. Following reading, MOVED BY CLYMER, SECOND STREDICKE, REFER BACK TO COMMITTEE. CARRIED. • , • • CITY OF RENTON,' WASHINGTON • ORDINANCE NO. 3399 • AN ORDINANCE of the City of Renton, Washington, • relating to contracting •indebtedness; providing for the issuance, specifying the maturities, maximum effective interest rate, terms and .cove- nants of $6,000',000 'per value of "Unlimited .Tax General Obligation Park Bonds, 1980, Series A" authorized by the qualified voters of the City at a special election held therein pursuant to • Ordinance 'No. 3336, as amended. by Ordinances Nos. 3343 and 3350; establishing a bond redemption ' fund and a. construction fund; and providing for • the sale of such bonds. THE CITY COUNCIL OF THE CITY OF RENTON, WASHINGTON, DO • • ORDAIN, as follows: • Section.l. The City of Renton, Washington (hereinafter called the "City"), shall presently issue and sell $6,000,000 par value of negotiable general obligation bonds of the total $7,825,000 par value of negotiable general obligation bonds authorized by the qualified voters of the City at a special election held on Septem- ber 18, 1979, pursuant to Ordinance No. 3336 passed and approved July 23., 1979, as amended by Ordinance No. 3343 passed and, approved August •6, 1979, and Ordinance No. 3350 passed and approved August 20, 1979, for the purpose of constructing recreational facilities including boat launch, fishing pier, trails, day moorage, parking, floating structures, and other equipment and materials incident thereto at the Gene Coulon Memorial•Beach Park. The bonds shall be designated "Unlimited Tax General Obligation Park Bonds, 1980, Series A" (the "Bonds") of the City; shall be dated March 1, 19$0; shall be in denominations of $5,000 each; shall be numbered from 1 to 1200, inclusive; and shall bear interest at an effective rate of not to exceed 8% per annum payable on March 1, 1981, and semi- annually thereafter on ,each succeeding September 1 and March 1, as evidenced by coupons to be attached to the Bonds representing STATE OF WASHINGTON • COUNTY OF KING SS I,- ECQeL_� ........................City Clerk in and for the City of Renton, ashington, do hereby calrtify that the foregoing Ordinance is m true and -correct copy copy of Ordinance of the City of Renton, as it in my office, end do further certify that the some has been publ shedaaccordlrlig . , to law. oun !n Witness Whereof I have berto set rt:y hood and affixed the seal of the City of Renton, thia....... �lf ...... -d2 of- interest to maturity and with full obligation on the part of the City to pay interest at the bond rate from and after maturity until the Bonds, both principal and interest, are paid in full or until sufficient money for such payment in full is on deposit in the "Unlimited.Tax General Obligation Park Bond Fund, 1980" (the "Bond Fund"),hereinafter created and the Bonds have been duly called for payment. Both principal of and interest on the Bonds shall be paid in lawful money of the United States of America, which at the time Hof payment shall. be legal tender for the payment of public and. private debts, at the office of the City Finance Director, or, at the option of the holder, at either fiscal agency of the State of Washington in Seattle, Washington, or New York, New York. The Bonds shall mature serially, annually, in order of their numbers in the following amounts on March 1 of each of the following years (such maturity schedule being computed at an assumed interest rate of 6.75% per annum): Bond Numbers Maturity (Inclusive) Amounts Years 1 to 32 $160,000 1982 33 to 67 175,000 1983 • 68,to 104 185,000 1984. 105 to 144 .200,000 1985 145 to 187 215,000 1986 188 to 233 230,000 1987 234 to 282 245,000 1988 283 to 334 260,000 1989 335 to 390 280,000 1990 '391 to 449 295,000 1991 450 to 512 315,000 1992' 513 to 580 340,000 1993 581 to 652 360,000 1994 653 to 729 385,000 1995 730 to 811 410,000 1996 812 to 899 . 440,000 1997 900 to 993 470,000 1998 994 to 1093 500,000 1999 1094 to 1200 535,000 2000 • The City reserves the right to redeem any or all of the Bonds prior to their stated maturity dates as a whole, or in part in inverse numerical order, on March 1, 1990, or any semiannual - 2 - interest payment date thereafter at par plus accrued interest to date of redemption. Notice of such intended redemption shall be published in the official newspaper of the City, or if there is no official newspaper, then in a newspaper of general circulation in King County, at least 'once not less than 30 nor more than 45 days prior to the call date, and a copy of such notice shall be mailed within the same period to the main office of the principal underwriter or account manager of the successful bidder for the Bonds, or its successor. In addition, such redemption notice shall also be sent to Moody's Investors Service, Inc. , and Standard & Poor's Corpora- tion, at their offices in New York, New York, but the mailing of such notice to such New York corporations shall not be a condition precedent to the redemption of such Bonds. Interest on any Bonds so called for redemption shall cease on such call date upon payment of the redemption price into the Bond Fund. Section 2. • The City hereby irrevocably pledges itself to levy taxes annually, without limitation as to rate or amount, on all property in the City subject to taxation in an amount suffi- cient, together with other money legally available and used there- for, to pay the principal of and interest on the Bonds as the same shall become due, and the full faith, credit and resources of the City are hereby irrevocably pledged for the payment of the principal of and interest on the Bonds. Section 3. The City hereby covenants that it will make no use of the proceeds of the. Bonds or of its other money at any time during the term of the Bonds which, if such use had been reasonably expected at the date the Bonds are issued, would have caused the. Bonds to be arbitrage bonds within the meaning of - 3 - Section 103(c) of the United States Internal Revenue Code of 1954, as amended, and applicable regulations promulgated thereunder. Section 4. The Bonds and coupons shall be printed or lithographed on good bond paper in a form consistent with the provisions of this Ordinance. The Bonds shall be signed by the facsimile signature of the Mayor and attested by the manual signa- ture of the City Clerk and a facsimile reproduction of the seal of the City shall be printed thereon, and the coupons shall bear the facsimile signatures of the Mayor and the City Clerk. Section 5. The Bond Fund is hereby created and estab- lished in the office of the City Finance Director. The accrued interest and premium received, if any, upon the sale and delivery of the Bonds shall be paid into the Bond Fund. There is hereby also created and established in the office of the City Treasurer a special fund to be known and designated as the "Gene Coulon Memorial Beach Park Construction Fund" of the City. The principal proceeds received from the sale and delivery of the Bonds shall be paid into the "Gene Coulon Memorial Beach Park Construction Fund," and used for the purposes specified in Section 1 of this Ordinance and to pay the costs of issuance and sale of the Bonds. All taxes collected for and allocated to the payment of the principal of and interest on the Bonds shall hereafter be deposited in the Bond Fund. Pending the receipt of the proceeds from the issuance of, the Bonds, interest-bearing warrants may be drawn on the "Gene Coulon Memorial Beach Park Construction Fund" to provide interim funds to pay such costs, such loan to be repaid from the proceeds received from the issuance of the Bonds. Section 6. The Bonds shall be sold for cash at public sale for not less than par, plus accrued interest. - 4 - • The City Clerk is hereby authorized to give notice call- ing forbids to purchase the Bonds by publishing the same once a week for four consecutive weeks in the official newspaper of the City, or if there is no official newspaper, then in a newspaper of general circulation in King County, and a short abbreviated form of such notice shall also be published once in The Seattle Daily .Journal of Commerce and Northwest Construction Record, of Seattle, Washington, at least ten days prior to the sale date.• Such notice shall specify that sealed bids for the purchase of the Bonds shall • be received by the City Finance Director in her office in the City Hall on March 18', 1980, up to 11:00 a.m. , local time, at which time all bids will be opened and will be considered and award made by the City Council at a continued regular meeting to be held in the City Council Chambers commencing immediately after the opening of all such bids. • A copy of the notice shall, at least three weeks prior to the date fixed for the sale, be mailed to the State Finance Committee, Olympia, Washington. Bids shall be invited for the purchase of the Bonds with fixed maturities in accordance with the schedule specified. in Section 1 hereof. The notice shall specify the maximum effective rate of interest the Bonds shall bear, namely, 8% per annum, and shall require bidders to 'submit a bid specifying: (a) The lowest rate or rates of interest and premium, if any, above par at which the bidder will purchase the Bonds; or (b) The lowest rate or rates of interest at which the bidder will purchase the Bonds at par. • No bid will be considered for the Bonds for less than par and accrued interest. The purchaser must pay accrued interest to date of delivery of the bonds. - 5 - • Coupon' rates shall be in multiples of 1/8th or 1/10th of 1%, or both. No more than one rate of interest may be fixed for any one maturity. Only one coupon will be attached to each of the Bonds for each installment of interest thereon, and bids providing for additional or supplemental coupons will be rejected. The maxi- • mum differential between the lowest and highest coupon rates named in any bid shall not exceed 2%. • For the purpose of comparing the bids only, the coupon rates bid being controlling, each bid shall state the total inter- • • est cost over the life of the Bonds and the net effective interest . • rate of the bid. The Bonds shall be sold to the bidder making the best bid, subject to the right of the City Council to reject any and all bids and to readvertise the Bonds for sale in. the manner provided by law, and no bid for less than all of the Bonds shall be considered. The City further reserves the right to waive any irregularity in any bid or in the bidding process. All bids shall be sealed, and, except the bid of the • State of Washington, if One is received, shall be accompanied by a deposit of $300,000. The deposit shall be either by certified check or cashier's check made payable to the City Finance Director and shall be promptly returned if the bid is not accepted. The . City reserves the right to invest the good faith deposit of.the purchaser pending the payment for the Bonds. The purchaser shall not be credited for such earnings. if the Bonds are ready for, delivery and the successful bidder shall fail or neglect to com- plete the purchase of the Bonds within forty days following the acceptance of its bid, the amount of its deposit shall be forfeited to the City and in that event the City may accept the bid of the One making the next best bid. If there be two or more equal bids - 6 - for not less than par plus accrued interest and such bids are the best bids received; the City Council shall determine by lot which bid shall be accepted. The Bonds will be delivered to the success- ful bidder at the office of the City Finance Director or in Seattle, Washington, at the City's expense, or at such other place as the City Finance Director and the successful bidder may mutually agree upon at the purchaser's expense. A no-litigation certificate in the usual form will be included in the closing papers. Any bid presented after the time specified for the receipt of bids will not be received and any bid not accompanied by the required bid deposit at the time of opening such bid will not be read or considered. If, prior to the delivery of the Bonds, the income receivable by the holders thereof shall become taxable, directly or indirectly, by the terms of any federal income tax law, the successful bidder may at its option be relieved of its obligation to purchase the Bonds, and in such case the deposit accompanying its bid will be returned, without interest. The notice of bond sale shall provide that the City will cause the Bonds to be printed or lithographed and signed and will furnish the approving legal opinion of Messrs. Roberts, Shefelman, Lawrence, Gay & Moch, municipal bond counsel of Seattle, Washington, covering the Bonds without cost to the purchaser, the opinion also being printed on each bond. Bond counsel shall not be required to review or express any opinion concerning the complete- ness or accuracy of any official statement, offering circular or other sales material issued or used in connection with the Bonds, and bond counsel's opinion shall so state. Such notice shall also provide that further information regarding the details of the Bonds - 7 - May be received upon request made to the City Clerk or to.Seattle- Northwest Securities Corporation, 500 Union Street, Seattle, Washington, .the City's financial consultant. • • Section 7. This ordinance shall take effect from and after its passage and five (5) days following its publication as required by law. PASSED by the City Council of the City ,of Renton, Wash- ington, at a regular open public meeting thereof, this 4th day of February, 1980. • 11,11't1Q/ Q.. DELORES A. MEAD, ity Clerk APPROVED by the Mayor this 4th day of February, 1980: BARBARA Y. SHINPO(J Mayor FORM A OVED: CI At orney Date of Publication February 13, 1980 • - 8 - • S. I, DELORES A. MEAD, City Clerk of the City of Renton, Washington, hereby certify that the attached copy.of Ordinance No. 3 3 99 is a true and correct copy of the original ordinance passed on the 4th day of February, 1980, as such ordinance appears on the Minute Book of the City. DATED this day of February, 1980. 0.. . DELORES A. M D, C y Clerk • ZC a State of EllacSbingiton ROBERT S.O'BRIEN.CHAIRMAN STATE FINANCE COMMITTEE JOHN A.HITCHMAN,C.F.A. STATE TREASURER ROOM 314 SECRETARY DIXY LEE RAY INSURANCE BUILDING TELEPHONE GOVERNOR OLYMPIA,WASHINGTON 98504 �061753�10 JOHN A.CHERBERGi UEUTENANT GOVERNOR I I February 13, 1980 I I • • csi Honorable Delores A. Mead ``;` ,City Clerk " =``t +r ' �•,s 1„The City of Renton ,,iMunicipal Building 200 Mill Avenue South 'Renton, WA 98055 Dear Ms, .Mead: I i I Re: $6,000,000 Unlimited General Obligation Bonds • City Of Renton Receipt is acknowledged on February 8, 1980, of the official notice. of an offering by the City of Renton, Renton, Washington, to sell $6,000,000 par value Unlimited General Obligation Bonds ; bids for , the purchase of which are to be received on March 18, 1980. Very truly yours, STATE FINANCE COMMITTEE IL, ✓V JOHN A. HITCHMAN ''' Executive Secretary I i JAH:gw • • I I • i I s I I i i I 3 H OF R�� o THE CITY OF RENTON `� ' Z.1. MUNICIPAL BUILDING 200 MILL AVE. SO. RENTON,WASH. 98055 n rn BARBARA Y. SHINPOCH, MAYOR • DELORES A. MEAD 01 t• CITY CLERK 01).4>- SEPT ��P February 6, 1980 CERTIFICATE OF MAILING STATE OF WASHINGTON) ) ss. COUNTY OF KING ) DELORES A. MEAD, City Clerk of the City of Renton, being first duly sworn on oath,deposes and says that she is a citizen of the United States and a resident of the State of Washington, over the age of 21 and not a party to nor interested in this matter. That on the 6th day of February, 1980, at the hour of 5:00 p.m. , your affiant duly mailed and placed in the United States Post Office at Renton, King County, Washington, by first class mail , a true and correct NOTICE OF BOND SALE,TO THE STATE FINANCE COMMITTEE, 314 INSURANCE BUILDING, OLYMPIA, WASHINGTON. ($6,000,000 Unlimited Tax General Obligation Park Bonds, 1980, Series A) a ..277417/11 Delores A. Mead, Cit Clerk SUBSCRIBED AND SWORN TO BEFORE me this 6th day of February, 1980. 7. 4 72 0= _ Notary Public in and for the State of Washington, residing in King County st OFR• A,A it? 4, di 0 THE CITY OF RENTON c.) MUNICIPAL BUILDING 200 MILL AVE. SO. RENTON,WASH. 98055 NA BARBARA Y. SHINPOCH, MAYOR DELORES A. MEAD 0 CITY CLERK 0 D SEP1- February 6, 1980 State Finance Committee 314 Insurance Building Oly,,Ipia, WA RE: Notice of Bond Sale - $6,000,000 Unlimited. Tax General Obligation Park Bonds, 1980, Series A • Dear Sir: Please find enclosed a copy of the above-referenced notice of bond sale to be held by the City of Renton March 18, 1980. If you need any further information, please feel free to contact this office. Yours very truly, CITY OF RENTON aadeta-- O. 77/../LeZeL Delores A. Mead, C.M.C. • City Clerk • DAM/st Encl . (1) • 240, , .1 NOTICE OF BOND SALE -I , CITY1OF RENTON, WASHINGTON 1 i $6,000 ,000 "UNLIMITED TAX GENERAL I I, , OBLIGATION' PARK BONDS, 1980, Series A" i I • 1 ' ' SEALED PROPOSALS will be received by the .City Finance Director' at her office in the City Hall, 200 Mill Avenue South, i , I Renton, Washington, until 11:00 a.m. , local time, on ' ! March 18, 1980 I at which time all bids will be publicly opened for the purchase , of $6,000 ,000 • par value jof "Unlimited Tax General Obligation Park Bonds, ! 1980, Series A" (the "Bonds") , of the City of Renton, . Washington (the "City" ) The bids will be opened and will be considered and acted upon by the City Council at a continued regular meeting to be held in the Council Chamber commencing ; immediately after the opening of all such bids. I ; BONDS - DESCRIPTION , 2 The Bonds are; to be issued by the City pursuant to a sne-- I , cial election authorizing the same for strictly {municipal capital , I 1 . i purposes, other than the replacement of equipment, as provided by Ordinance No. 3336 of the City passed and approved July 23, 1979, as amended by Ordinance No. 3343 passed and approved August 6, ; , 1979 ,; and Ordinance No: 3350 passed and approved August 20 , 1979. ' The Bonds will be dated March 1, 1980; will be in the i - denominations of $5,00�0 each; will be numbered from 1 to 1200 , inclusive; will bear interest payable on March 1, 1981, and semi 1 annually thereafter on each succeeding September 1 and March 1; ; I , interest to maturity to be evidenced by coupons to be attached to i the Bonds; and will be payable, both principal and interest, at /the office of the City Finance Director or, at the option of the holder, at either fiscal agency of the State of Washington in Seattle, 1 ! • Washington, or New York,: New York. The Bonds will mature serially, annually, in order of their numbers on March 1 of each of the following years : Bond Numbers , Maturity ( Inclusive) Amounts Years 1 to 32 , $160, 000 1982 33 to 67 175, 000 1983 68 to 104 ; 185,000 1984 105 to 144 , 200, 000 1985 145 to 187 . 215, 000 1986 188 to 233 230,000 1987 234 to 282 ' 245, 000 1988 283 to 334 260, 000 1989 335 to 390 280,000 1990 391 to 449 , 295,000 1991 450 to 512 : 315,000 1992 513 to 580 340,000 1993 581 to 652, 360, 000 1994 653 to 729 385, 000 1995 730 to 811 410,000 1996 812 to 899 440,000 1997 900 to 993' 470,000 1998 994 to 1093' 500,000 1999 1094 to 1200 535, 000 2000 The City reserves the right to redeem any or all of the Bonds prior to their stated maturity dates as a whole, or in part. in inverse numerical order, on March 1 , 1990, or on any semiannual interest payment date thereafter, at par plus accrued interest to date' of redemption. Notice of such intended redemption shall be published in the official newspaper of the City, or if there is no official newspaper, then in a .newspaper of general circulation in King County, at least once not less than 30 nor more than 45 days prior to the call date, and a copy of such notice shall be mailed within the same period to the main office of the principal underwriter or account manager of the successful bidder for the Bonds or its suc- cessor. In addition, such redemption notice shall also be sent to Moody's Investors Service, Inc. , and Standard & Poor's Corporation, at their offices in ,New York, New York, but the mailing of such notice to such New York corporations shall not be a condition - 2 - precedent to the redemption of such Bonds . Interest on any Bonds so called for redemption' shall cease on such call date upon payment of the redemption price into the bond redemption fund for the Bonds. The City, by Ordinance No. 3399 , has irrevocably pledged itself to levy taxes annually, without limitation as to rate or amount, on all property in the City subject to taxation in an amount sufficient, together with other money legally available and used therefor, to pay the principal of and interest on the Bonds as the same shall accrue, and the full faith, credit and resources of the City have been irrevocably pledged for the payment of the principal of and interest on the Bonds . BID PROPOSALS - SALE Bidders are invited to submit proposals for the purchase of the Bonds fixing the interest rate or rates, not to exceed a maximum effective rate of 8% per annum, that the same shall bear in accordance with the maturity schedule above . Bidders shall submit bids specifying: (a) The lowest rate or rates of interest and premium, if any, above par at which the bidder will purchase the Bonds ; or (b) The ,lowest rate or rates of interest at • which the bidder will purchase the Bonds at par. No bid will be considered for the Bonds for less than par and ac- crued interest, or for less than the entire issue . The purchaser must pay accrued interest, if any, to date of delivery of the Bonds. Coupon rates shall be in multiples of 1/8th or 1/10th of 1%, or both. No more than one rate of interest may be fixed for any one maturity. Only one coupon will be attached to each of the Bonds for each installment of interest thereon, and bids providing - 3 - for additional or supplemental coupons will be rejected. The maxi- mum differential between the lowest and highest coupon rates named in any bid shall not exceed 2%. For the purposes of comparing the bids only, the coupon rates bid being controlling, each bid shall state the total interest rate of the bid- The City reserves the right to waive any irregularity or informality in any bid or in the bidding process. The Bonds shall be sold to the bidder making the best bid, subject to the right of the City Council to reject any and all bids and to readvertise the Bonds for sale in the manner provided by law, and no bid for less than all of the Bonds shall be considered. All bids shall be sealed, and, except the bid of the State of Washington, if one is received, shall be accompanied by a deposit of $300 ,000. The deposit shall be either by certified or cashier's check made payable to the City Finance Director and shall be promptly returned if the bid is not accepted. The City reserves the right to invest the good faith deposit of the purchaser pending the payment for the Bonds. The purchaser shall not be credited ' for such earnings. If the Bonds are ready for delivery .and the success- ful bidder shall fail and neglect to complete the purchase of the Bonds within forty days following the acceptance of its bid , the amount of its deposit shall be forfeited to the City and in that event the City may accept the bid of the one making the next best bid. If there be two or more equal bids for the Bonds for not less than par plus accrued interest and such bids are the best bids received, the City Council shall determine by lot which bid shall be accepted. Any bid presented after the hour specified for the re- ceipt of bids will not be received and any bid not accompanied by - 4 the required bid deposit at the time of opening such bid will not be read or considered. DELIVERY OF BONDS The Bonds will be delivered to the successful bidder at the office of the City Finance Director or in the City of Seattle, at the City 's expense, or at such other place as the City Finance Director and the successful bidder may mutually agree upon at the purchaser's expense. A no-litigation certificate in the usual form will be included in the closing papers for the Bonds . CUSIP numbers will be printed on the Bonds, if requested in the bid of the successful bidder, but neither failure to print such numbers on any bond nor error with respect thereto shall con- stitute cause for a failure or refusal by the purchaser thereof to accept delivery of and pay for the Bonds in accordance with the terms of the purchase contract. All expenses in relation to the printing of CUSIP numbers on the Bonds shall be paid by the issuer; but the fee of the Cusip Service Bureau for the assignment of those numbers shall be the responsibility of and shall be paid for by the purchaser. It is understood that if, prior to the delivery of the Bonds, the income receivable by the holders thereof shall become taxable, directly or indirectly, by the terms of any federal income tax law, the successful bidder may at its option be relieved of its obligation to purchase the Bonds, and in such case the deposit accompanying its bid, will be returned , without interest. The City will cause the Bonds to be printed or litho- graphed and signed without expense to the successful bidder. The approving legal opinion of Messrs. Roberts, Shefelman, Lawrence , Gay & Moch, attorneys, Seattle, Washington, will be fur- nished to the purchaser of the Bonds without cost to the purchaser, - 5 - ® +' I which legal opinion will be printed on each bond. Bond counsel shall not be required to review or express any opinion concerning the completeness or accuracy of any official statement, offering circular or other sales material issued or used in connection with the Bonds, and bond counsel 's opinion shall so state. Information concerning the Bonds may be received upon request made to the undersigned or to Seattle-Northwest Securities Corporation, 500 Union Street, Seattle, Washington, the City's financial consultant . DATED at Renton, Washington, this 5m day of February, 1980. eetet DELORES A. MEAD, CityClerk Publication dates : 2%20/80 2/27/.80 3/5/80, 3/12/80 6 ,f ,I NOTICE OF BOND SALE CITY OF RENTON, WASHINGTON $6,000, 000 "UNLIMITED TAX GENERAL OBLIGATION PARK BONDS, 1980 , Series A" SEALED PROPOSALS will be received by the City Finance Director at her office in the City Hall, 200 Mill Avenue South, Renton, Washington, until 11: 00 a.m. , local time, on March 18 , 1980 , at which time all bids will be publicly opened for the purchase! of $6, 000, 000 par value of "Unlimited Tax General Obligation Park 'Bonds, 1980, Series A" (the "Bonds") , of the City of Renton, Washington (the "City" ) . The bids will be opened and will be considered and acted upon by the City Council at a continued regular meeting to be held in the Council Chamber commencing immediately after the opening of all of such bids . The Bonds will be dated March 1, 1980i will be in the denomina- tions of $5, 000 each; and will mature serially in varying amounts from March 1, 1982, to March 1, 2000, inclusive. Coupon rates may be in multiples of 1/8 or 1/10 of 1%, or both. The approving legal opinion of Messrs . Roberts , Shefelman, Lawrence, Gay & Moch, attorneys , Seattle, Washington, will be' fur- nished to the purchaser of the Bonds without cost to the purchaser, which legal opinion will be printed on each Bond, and a no-litigation certificate will be included in the closing papers . The official Notice of Bond Sale and further information con- cerning the Bonds and the ordinances fixing the purpose of their issuance and the covenants and terms thereof may be received/ upon request made to the undersigned or to Seattle-Northwest Secuirities Corporation, 500 Union Street, Seattle, Washington 98101, the City ' s financial consultant. DELORES A. MEAD, City Cle4 Published February 27, 1980 ,a%Y.e • O F R `t: ra:, r`(s Y ' 'N T TY F: RE N O • • V - :,TH , t,. 460 rU`"' '4/ 2 ILFDING: YOR,.L..AVE SO. RENTON,WAS H.98055 •,; `. ... ,:> ',�Jr':. ':MUNICIPAL•�BU - DELORES A. MEAD ; 2 ..{L i �? � • BARBARA I Y: SHINPOCH;• MAYOR, � I •- ..h i: . CITY CLERK 9 �. A Y;q-. f O rt,. 9' • :i'0 T TE Ep P ;`"' '7`r' p€ ua r 1 9 80 - Febr 5> • Y ,i: e' f--C om mer Ce ‘..the'. Y • .," 8 Co 1 umb i a:,,S,tr,eet 3 - • _ Sea tt 1 e WA' 98,1'04., :- : - { ATTN. Barbara 'Somes/Dennis,-,Stuhang l imited Tax General . RE NoticeA,-of 'Bond Sale:.•-''a1nl-.l . •` Obl igation'''Par• • k Bonds-`: .. r. .N. ,n` 1 m e ent le men , No:t'i,ce,.o:f:�;''Bond;;Sale for' pub 1 i ca t i on on Enclosed1. is City',.of':Ren,ton" . , r 2 1 80. = {: Februa 7 9 Y ��: -publ-.; ,at,i-on,.:1•n: trip 1 i ca.to•. ,. Please furni"sh affidavits`,bf.`,p i f r our';`cour;tes i'e - Thank ou o y r ul • M1 ors`, Y Y 0 - Y 'tip^... „ 44 1 61ttOF. RENTON - l • G a ' :M C l e .k : M�`�`r • _ DAM/ , End 1 . , - • - I , : i '-, '� 1 ; A lY r 't: rl. �,: • { ▪ j,r ;7= M. , r 4. • "i„ _ r.' SC. gat. i. '' ~'f 1 'a 'h f , COUNSEL JOHN E.HAVELOCK HAROLD S.SHEFELMAN LAW OFFICES ROBERTS, SHEFELMAN, LAWRENCE,GAY Et MOCH JAMES P.WETER(1877-I959) VICTOR GAYLAWRENCE 1818 IBM BUILDING F.M.ROBERTS(1880-1973) ROBERT MOCH JAMES M. JAMES C.HARPER(RETIRED) GEORGE MACK SEATTLE,WASHINGTON 98101 BRIAN L.COMSTOCK TEL.(206) 622-I818 TIMOTHY R.CLIFFORD JAMES S.TURNER LEE R.VOORHEES,JR. SUITE 302 WILLIAM N.APPEL DAVID B.SWEENEY 2600 DENALI STREET WILLIAM B. ANCHORAGE,ALASKA 99503 DAVID A.BENNETT NN ROBERT H.CAMPBELL TEL.(907) 276-1358 r-g „ ROBERT G.MULLENDORE* ' GARY N.ACKERMAN q 2,3 i'S�.y ROGER A.MYKLEBUST �\ JON E D.KENNY ACLEO January 30, 1980 O JON W.MAc LEOD PAUL L.AHERN,JR. WILLIAM H.SONG (r\- Ly STEVEN E.CUMMINGS (`` C60 TERESA V.BIGELOW CV Ms. Delores A. Mead, C.M.C. � yo 0� �' City Clerk � "�� vv. �h Municipal Building 200 Mill Avenue South uGk7E°1 Renton, Washington 98055 Re: $6, 000, 000 "Unlimited Tax General Obligation Park Bonds, 1980, Series A" Dear Del: Pursuant to information furnished me by Terry Bleck of Seattle- Northwest Securities Corporation in her letter of January 28 ,, I have prepared and am enclosing an original and four copies of an ordinance providing for the issuance and sale of the above bonds for consideration by your City Council at its regular meeting, on Monday, February 4 . I am also enclosing an original and -four copies of the official notice of . bond sale. The number assigned to the enclosed bond ordinance should be inserted in the blank in the first full para- graph on page 3 . This notice must be published once each week for four consecutive weeks prior to the March 18 sale date with the first publication to be at least 23 days prior to the sale date. Assuming your official newspaper is published and circulated On Thursday of each week, this would mean that the notice should be published commencing February 21 and should also be published ,,on February 28 , March 6 and March 13 . At least three weeks prior to the sale date one copy of the notice of bond sale must be forwarded to the office of the State Finance Committee, 314 Insurance Building, Olympia, Washington. If you would like me to forward such notice for you, please advise and I will be pleased to do so. The ordinance also provides for at least one publication in the "Seattle Daily Journal of Commerce and Northwest Construction Record" at least ten days prior to the sale date. I am accordingly enclosing *WASHINGTON STATE AND ALASKA BARS. **ALASKA BAR ONLY.ALL OTHERS WASHINGTON STATE BAR ONLY. • i • . • ' I 1 Ms. Delores A, Mead, C.M.C. January 30, 1980 Page 2 • 11 an original and four copies of such short form. If you would like me to arrange for this publication for you, I will be pleased to do so, if you will so advise me. ' 11 1 After'' the ordinance h! s been passed, I should appreciate receiving • back "one certified copy together with certified excerpts from ,the minutes of your February 4 regular Council meeting showing the passage of the ordinance. I will eventually also need an affidavitiof publica- tioni of the ordinances, an affidavit of mailing of a copy of the' ' notilce of bond sale to the State Finance Committee if you do the mailing, and an affidavit of publication of the official notice' of bondl 'sale in your official newspaper after the four publications have beenllcompleted. The Seattle newspaper will automatically send me an affidavit of publication of the short form. V % j 1 If you have any question concerning the ordinance or the notic'e ' of. bondjsale, please do not hesitate to telephone me. • V With kindest personal regards, I ROBERTS, SHEFELMAN, LAWRENCE, ', GAY & MOCH I I I .. By • ' James Gay JG/mll!c' Enclo,s,ures cc: Ms. Terry Bleck • Ms. Gwen Marshall• 11 , I • • • `I- I I I I j I, I I � I i I I I I 4 S Sfi5'T t _ G• • 1� !?t�'rt,�a-,s, f _ p ,*q f"p tU.prn" r :w" _ _ , .,'.,..,z.,'::'.'..'..,,•1"',;,:;'.'t:'.:6:,,;''.;-:':.'i'..'.•.:',;•.,..,,',.',:--,'-..',.'.-•;•,.:-:::.'.'•.-,.,'.'--'.-:'-:.:.:-,-•.':'..:i,;.i.;:„••-i',:,,-:'....-,_,:.;.;,;,'.•.''r,L''',.'.'.:.1,''.'.':','-,'e.:.,;.,'-....,s-,',?-:i..'..1.".-f!..-;4?1:r,.i1-,.'..4'...'.4..-..:,'..'.::',:4.'...,.,,';::4.!f.;4..-,:,.,,.,.,.,4..-,,•!:-,,.,i:''-4J'i.',..,,..:-.?:t•-':,:.;-,,:-•-,,,,,s,:i-,.,,..-'.--,'4..-:,..i....r:.,•:.r:;N:.::,4;,-e:„',..--.,.',:----/,•.„,::;g,:.--,.,,..,.,'':‘,„.-/.:,;,,t..i,'.,2f,.,.,2'.-i'ij;.,;,-.,,::,'ki4,,x4..,,-,'ii,i"•,,i5--,'-4i,-&i!•,?;:.,,;.-t,g-,,.-z.,-•.?w.4",;,IF.:, c:i,`':.,',.-...4.,,'ze-:•i s:..;.,,,,.,,s..,i,(:,.x,.,;;,-:4.t.:-,q.4...-0N.0'23:-2,..,,,t,.o,,4.-4,,N,,..?,..i..r4..'.4„;-e5:,..;',,;.4,;.1„,,,i:-i„$-t-,ii-::::,,t:,,'„i-s..,,.'-M:i';n,'',..'.,1::,:fc.:.,;j,6'.4'.%;,.:,';„0',.:..1:,,..1?:.-.,-..0,..,'.4.,,',.-,„':.:-,--.i.)p;..-.,..a:•'..',-M.---.':...,.--,-,,-,-;r.-,.'.,.,..,,,-;4-,,.,,.:L.':.-:-.,-..,...,';.-.4..-,1,".i.;.Ti'..-'-;-c,,::;--,:--.•-,;,-'-..:.':,:,'.;•i,--".;.4,.-'?-,,.,?..:-.2-'.:.,:':.„',.v'.,-,..!;',-•.;-.-..,.-...,':.-:f.:..!-.,:.•.--..:7.;',,,'..':.!i:-.'..:'.-.:!.'---f7„...,,',,':,',0'...,':s'..,::..,,:'':..L:•,:--.-..-,o,.::,',,„-....:'s':..,2,-r'„',,',...'-a:,,:,„'--:-'_.--.-;'i,.,-'-•-.-•,-.-1--...-:'.---..r:t•-:'•',-'.:--::-.-:-:•..-...'-.'--;.„-..-:''•,..:,.--...,....:-.:.:-'--:...-.,;'..,'::,,.„.:.',:,.-."....';''....'_—.''':,..,..:,1,-,--:..-,:,$" iff,. 4ix t {; t. t ;'ice Y n,." ( ': - 1 ,1 s�ecurities3corporatron.:' i t , ,' 500.,Union Street / Seattle, Washington 98101 / (206) 628 2882"• c s rx Ems' .r e , .,i) 1 i- {. .. - ,r i .. r'. January 28, 1980. y _ e 4+;> I i�4 ;4t •al.T� }�w �r Mr James G"ay • , I. x;u�,' " ,; Roberts, Shefelman,-,Lawrence, :Gay & Moch I } 1818` I B I.B.M. =.Bu =l,d n 4 . Seattle, WA�'98101 ! R'e: cityof Ren •o n Wash t shin ton :i a u"p . >rErb F- 6. 00.0`000 G J.:::' $ , eneral Obl.i gaai on Bonds, ; pear Jim. . Please prepare•the.necessary Ordnance, Notice of Sale and short form Notice. of Sale for•.:'the above issue. Sass d.''sal a _i s to be held at 11 :00 r a.m Pacifi•c 'Standard"Time4on Tuesday, March 18,; 1980. in the City of Renton. Treasurer's; office i n° Renton, 6 ashi:ngton,: ,;, The bon ds are _tot be dated March°.`1, i980 and die March 1 , ,1982 "thru "March,.1 , 2000. .. In,tferest wi�il l `be .due'=on-March 1 and `.Septemberri except''�for-.;the first 12 monith interest a" .. '.. ' � p yment due Ong March 1 ,� 1981e The' bonds are to be i n` denomination - of� eves, 0 -: ,',,'''-,,'' ::::: ..: t 7 . I Thle bonds are to s:be call able i n',.inverse numeri cal '•order :at par, :on or J after March ,1 , 1990j • Coupon, ratese should ,be :in multiples of 1/8: .or 1/:1:0.-of. 1%;, no more than one. a rate of interest 'may be fixed for any one matur.i ty' a•nd •.only one coupon ; .. : " w�!11 •he affixed to each bond for each' instal,l:ment .of. interest thereon. '`The maximum different�i>al5between the iowes,t and highes.t .coupo.n rates.; . named in any bid" shal;,l not ;exceed 2% For_the purpose•o'f.,compar,�,ng the bads, each b'i d'',`s.'houl d-state;the•. total.! " interest :cosy o•ver:'the: 1 i fe'. of the:bonds and the` 'net effective interest rate of th'e bad Eight percent ,,(8%) .is the maximum: effective rate 1of interest., ; Please incorporate the, following maturity schedule'comp"uted at 6.75%.; . 1 ' Date Amount L. : a Amount . . 3/1/82 ;;" $160,'000 3/1/92 $3'1,5,000 3 1 83- / / 77. 0 5`"0 0 3 1 93: ,>. 340 00 . . 0 3 .1 84 / / � .. ' , / °85:' 0 . / 00 1. 3. • - � 1 94 . 360 0 0 . . 3/1/85." 200,'000 I, • 3%1/95. • 385,- 00 ' • 3/1/BE..' '215,000 £ 3/-1/96 .:410,000' 3/1/87 '230_,,000 3/.1/97 , 4'40,000 3/,1/88::. �.'`245`;000 3/.1/98 470,000 '. : 3/1/89 .. ".: ti• -260,000 i i; "F,3/1'/99''.: 500,000 i.3/1/90`, ? .;;'280",000 3/1/2000 535,000 ( ' 3/1/91 ,295: 0 0 • { s 0 Mr. James Gay Roberts, Shefelman, Lawrence, Gay & Moch January 28, 1980 Page Two The City Council plans on adoPting the'Ordinance at their February 4th meeting. Please notify me if you have any questions. Very truly yours, Terry Bleck TB/kb • cc: Mrs. Gwen Marshall , Finance Director City of Renton • • . k 1 j . , r^ , a L, �JJ \- Records& Elections Division 0�y King County,State of Washington• Cii Clint G. Elsom,Manager John D.Spellman,County Executive 553 King County Administration Building 500 Fourth Avenue Department of Executive Administration Seattle,Washington 98104 Jn. "�-�Ei Donald G.Phelps.Director (206) 344-4200 /', � !• � - r';' `\0,1°� STATE OF WASHINGTON) �, . �� SS. C\.ct o; izF��G�,,n COUNTY OF KING ) G,-� This :is to certify that on September 18, 1979, there were held Primary, and Special Elections in CITY OF RENTON for the nomination of .officers and the submission of propositions to the voters for their approval or rejection; That the results of said elections .were duly canvassed by the King County Canvassing. Board .of Election Returns on September 28, 1979, ' . and the results of said canvass are as follows: PROPOSITION • CITY. OF RENTON BONDS FOR EXTENDING THE GENE COULON MEMORIAL BEACH'PARK . . Bonds, •Yes 2;128 Carried - 611, , ' Bonds, No . 1 ,149 f` MAYOR • . Earl Clymer. 873 • George J. Perry . 1 ,171 Nominated Charles F. Shane. . 754 Barbara Y. Shinpoch 1 ,576 Nominated CITY. COUNCIL POSITION NO. 3 John W. Reed • 906 Nominated Randall Rockh'ill 1 ,321 Nominated Joan A. Walker 686 Sanford 'E. (Sandy) Webb 577 , POSITION NO. 4 Gene. A. Maxon , . 1 ,006 . Nominated . Jerry R. Parson 798 , Richard (Dick) •Stredicke 1 ,601 Nominated • , Dated at Seattle, Washington, t ' 8th day Of September, -1979. I • - C Clint G. Elsom Manager-of Records and .Elections //Y OF A4 0 THE CITY. OF RENTON u to I* MUNICIPAL BUILDING 200 MILL AVE. SO. RENTON,WASH. 98055 a CHARLES J. DELAURENTI►MAYOR • DELORES A. MEAD • 4 CITY CLERK O,Q4'eo SEPIV�® September 17, 1979 • PLEASE DON ' T FORGET Inspector of Elections ' Renton Precincts No, 1 through No, 60 RE: Primary Election on September 18, 1979 City of Renton Mayor, Council Positions, and Gene Coulon Park Bond Issue Dear Inspector: ' Since the City of Renton has municipal issues on the ballot, we are requesting that you phone this office as well as the King County .Offices, to advise us of the Mayor, two council positions, and Gene Coulon Memorial Park Bond Issue appearing on Renton's Ballot , Please call phone number M-2500 as soon as totals have been tabulated . The manner in which you have called this office previously worked very well . Thank you for your courtesies . Very truly yours, CITY OF RENTON "kb fa. 74m Delores A, :Mead, C.M.C . City Clerk DAM/st s , Cie v Renton City Council 7/16/79 Page 4 CONSENT AGENDA The following items are adopted by one motion without separate discussion unless requested. Adopting motion follows items. Waterworks Deputy Finance Director. Bennett reported the Utility's plant Utility value as of 12/31/78 was $16,890,218.78. Matter reported to establish the service charge rate for 1980. Information. ' Senior Center Letter from Planning Director Ericksen requested an ordinance Stained Glass be adopted to appropriate donated private funds in the amount of Window $4,500 for the Senior Citizens Center Stained glass window. Refer to the Ways and Means Committee. Consent Agenda . MOVED BY CLYMER, SECOND PERRY, ADOPT THE CONSENT AGENDA ITEMS AS Adopted SHOWN. 'CARRIED. CORRESPONDENCE AND CURRENT BUSINESS Inner Harbor Line Letter from Donald 0. Norman, Quendall Terminals, requested on Relocation behalf of the Barbee Mill Co. that the Council pass a resolution Requested at recommending to . State Harbor Line Commission that the inner Barbee Mill Co. harbor line in front of the Barbee Mill Co. be relocated. The purpose of the relocation is to effect an exchange of equal land areas which will resolve title and jurisdiction questions relat- ing to vacation of reserved areas following Council action of last year. The letter explained the Department of Natural Resources claims direct land use jurisdiction of one acre of accreted uplands lying waterward of the inner harbor. line; that the Harbor Line Commission is provided authority to relocate • the lines when this occurs; that the relocation would place the land use authority with City of Renton. Moved by Shane, Second Trimm, City take necessary action. SUBSTITUTE MOTION BY STREDICKE, SECOND CLYMER,_REFER MATTER TO THE COMMUNITY SERVICES COMMITTEE FOR REVIEW. AND REPORT BACK. CARRIED. NEW BUSINESS MOVED BY PERRY, SECOND SHANE, ADMINISTRATION BE AUTHORIZED TO Labor NEGOTIATE ALL THREE UNION CONTRACTS AND REFER BACK TO COUNCIL Negotiations FOR CONCURRENCE AT COMPLETION. ROLL CALL: ONE-AYE: PERRY; 6-NO: SHINPOCH, SHANE, TRIMM, CLYMER, PROCTOR, STREDICKE. FAILED. MOVED BY PERRY, SECOND SHANE, ALL LABOR NEGOTIATIONS BE CONDUCTED ON OPEN COUNCIL FLOOR. ROLL CALL: 2-AYES: SHANE, PERRY; 5-NO: SHINPOCH, TRIMM, CLYMER, PROCTOR, STREDICKE. FAILED. ' Boat Ramps Councilman Stredicke requested the Administration check into ' painting or ;marking of lanes at Gene Coulon Lake Washington Beach Park bpat ramp.. Mayor Delaurenti asked Parks and Recreation Director to note. ADJOURNMENT MOVED BY STREDICKE, SECOND SHANE, MEETING ADJOURN. CARRIED. 10:23 p.m. Delores A. Mead, C.K.C. City Clerk • • i • Renton City Council 7/lli6/79 Page 3 OLD BUSINESS - Continued - Transportation Committee Report - Continued Speed Bumps on Chairman Trimm advised acceptable circumstances for speed bumps Residential might be on residential cul de sac. Councilman Perry inquired Sleets of City's liability in the event of accident due to speed bumps, especially with motorcycles, also conditions under which neighbor- hood could have speed bumps installed and who pays costs and does installation need Council approval . MOTION CARRIED. Intersection The Transportation Committee report regarding traffic at the Bronson Way N. intersection of Bronson Way N. , Factory Ave. N. and Houser Way N, Factory N. stated this is a signalized intersection which is state-controlled Houser Way N. and operated in conjunction with the Maply Valley Y operation. The report recommended that the Administration investigate and report back to Council the matter of prohibiting the left-turn from Factory Ave. N. southbound during peak hours. MOVED BY TRIMM, SECOND SHANE, COUNCIL CONCUR IN RECOMMENDATION. CARRIED. Sidewalks The committee recommended that the Council initiate a Local Senior Housing Improvement District by resolution for the construction of side- walks on the easterly side of Burnett Ave. S. from S. 2nd St. to the Senior Citizens Housing area. MOVED BY TRIMM, SECOND STREDICKE, CONCUR IN RECOMMENDATION. MOVED BY PERRY, SECOND TRIMM, REFER THE TWO L.I .D. . MATTERS TO THE WAYS AND MEANS COMMITTEE (Renton Boeing Plant area sidewalks and Senior Housing area) . FOR PROPER LEGISLATION. CARRIED. Speed Bumps MOVED BY STREDICKE, SECOND PERRY, MATTER OF SPEED BUMPS ON RESIDENTIAL STREETS BE REFERRED TO THE TRANSPORTATION COMMITTEE FOR FURTHER STUDY. ROLL CALL: 5-AYE: TRIMM, CLYMER, PERRY, PROCTOR, STREDICKE; 2-NO: SHINPOCH, SHANE. CARRIED. Councilman Perry requested staff report on impact of speed bumps on the City's insurance program; Mayor Delaurenti noted Administrative Assistant would furnish report. Community Services Committee Report Community Services Committee Chairman Stredicke presented report Neighborhood re Neighborhood Strategy Area Program, advising progress to date Strategy Area for information only. Two multi-family complexes are ready for Program approval for participation - Whitworth Lane Apartments under Section 8 program and Bennett Apartments under Section 312. Together 48 units would be upgraded and assured for low-income elderly families. In a joint King County/Renton/Auburn program, 75 multiple units would be upgraded in Renton in the next three years; all costs covered by H&CD Block Grant funds. Bicycle Trail The committee report noted review of alternate route for the bicycle trail which was proposed in May and the Council 's concern about use of Airport Perimeter Road. The report submitted alternate route along Rainier to Airport Way and South Tobin St. to Logan to Cedar River Trail for eastbound traffic and Airport Way sharing sidewalk to Rainier for westbound traffic. The report noted the trail system is a part of a multi-. jurisdictional program extending a trail for bicyclists from Seattle through King County to Renton and eventually to both Maple Valley and Tukwila. The report recommended the Administra- tion be authorized to proceed on the alternate bike system route as proposed; funding covered totally through H & CD Grants. MOVED BY STREDICKE, SECOND CLYMER, CONCUR IN RECOMMENDATION. CARRIED. Low Income . Councilman Shane inquired regarding effect on neighborhoods and Housing need for hearings on federally funded low-income housing through- And out the City. Following discussion, it was MOVED BY STREDICKE, Environmental SECOND SHINPOCH, THAT THE MATTER OF CITY NOTIFICATION OF Impact ENVIRONMENTAL ACTION BE REFERRED TO THE PLANNING AND DEVELOPMENT CDMMITTEE FOR CONSIDERATION AND REPORT BACK TO COUNCIL, ALSO .INCLUDING DNS. CARRIED. (7(1,,,‘\ ,11/411, �0 CI TY OF RENTON NOT AN OFFICIAL CITY PUBLICATION *(IR) + SEPTEMBER, 1979 REPORT Prepared and Published at Private Expense By Nf-r0 COUNCILMAN RICHARD M.STREDICKE 1 PRIMARY ELECTIONS Tuesday, Sept. 18 New Mayor To Be Elected, Sample Ballot on Back Page Experienced Council Needed General Elections November 6, All seven members of the Renton City There is a guarantee of at least one new m'MINCouncil are on the campaign trail this member to the Council.When Councilman • year, with four of them seeking to be George Perry decided to run for Mayor, Renton's Mayor. Mayor Charles J. De- that left his position open and four citizens i # laurenti is retiring after 37 years of public have filed for that position — none with k office. Council experience, but all with good cre- dentials to become active members of the George Perry, who's Council term ends Council. this year,is seeking to replace Delaurenti. _, But three other members of the Council Two will be eliminated in the September ,, are giving him a solid run.They are Coun- 18th primaries. The four are John Reed, " ' j cilman Earl Clymer, Councilman Charlie Randy Rockhill,Joan Walker and Sanford •4 `Y' i• Shane and Councilwoman Barbara Shin- Webb. x -,t , Poch. "" �' .'10.1' In two cases, only two people filed for The other members of the Council — the position, so they automatically ad- CEDAR RIVER TERRACE vance to the general elections. In Position Renton Housing Authority's new Senior Thomas Trimm, Margaret Proctor and No. 1, Margaret Proctor, who was ap- Housing Development along Cedar River. Richard Stredicke — are all seeking re pointed to the Council, is the incumbent, election.A loss by Perry,Trim,Proctor or opposed by Robert Hughes. In Position Lots of Improvements, Stredicke would eliminate them from the No. 2, incumbent Thomas Trimm is op- Few Local Tax Dollars public office.Clymer,Shane and Shinpoch posed by Karen Lunder. have a"free ride"in the mayor's race since Rather than raise taxes to Renton citi- their terms do not end until 1982. In Position No. 4, incumbent Richard zens,the Renton City Council took advan- M. Stredicke faces two opponents in the tage of state and federal programs to fin- With so many on-going projects, a new primary elections-Gene Maxon and Jerry ance the majority of three main capital mayor,and the bleak outlook of less money Parsons. improvement projects. Together with the in revenue, the City Council must include Renton Housing Authority's new elderly experienced, knowledgeable members For a complete list of City Council can- residential building,Cedar River Terrace, who are active in the community,in Coun- didates,issues and other offices which will the Cedar River and downtown Renton cil committees and are prepared for the be on the primary ballot, see page 4 for area is taking on a new look. Monday night Council meetings. sample ballot. Federal funds provided the bulk of the resources for: *An ew main fire station,located at the corner of Second and MIll, opposite the Municipal Building. *The Cedar River Trail system, which opens the much-ignored river to the public for walking, jogging, cycling and picnic- ing, from the mouth of the Cedar at Lake ° , Washington eventually to the City's *•- ? Southeast boundary where King County is g - s J.41 -s 1 : planning a new park. _ , * A new senior citizens' center, where 4 .• #.1 social, health and recreational programs provide something extra for our elderly. t The City Councl, responsible for many '�� of the other improvements which make , it. i ' Renton a more attractive and more enjoy- 1 W. ''�e able place to live, knows those improve- . :"t ments are not the end. There are many . . other improvements they are working on. - One is the extension of the park on Lake RENTON SENIOR CENTER Washington. See page 3 for more informa- The state's newest,most beautiful and yet practical center where older citizens can tion. meet,eat,dance,get health care and meet friends. City Clerk's Efforts HAVE A QUESTION? Get National Praise Just Pick Up The Pnone For Various City Departments If you think you have trouble figuring Local government exists for you. If you AIRPORT DIRECTOR out "the system" in reaching the right have a question or problem, do not hesi- 235-2591 department, taking the right steps in tate to call to inquire about the situation. seeking a rtzone or vacation of an alley, Most Renton city departments have direct Questions about traffice signals, stop don't feel bad. Many City employees have lines for you to dial. The following list signs, engineering, should be directed to: the same problems and don't know for sure might help: DEPARTMENT OF PUBLIC WORKS who to refer you to! Questions about animal control, pedes- Director 235-2569 That's one reason why the booklet on trian safety,nuisance noise,vehicle speed- Traffice Engineering 235-2620 City Procedures and Policies is a top desk ing or racing,fights or squabbles,burglar- Street Department 235-2615 item in almost every department. And it ies and crimes and missuse of alcoholic Water Shop 235-2646 can be yours too, by asking at the City beverages or drugs should be directed to Engineering 235-2631 Clerk's Office on the main floor. the: For information on schedules or mater- Delores Mead, City Clerk and City em- ial available, call either the across-the- ployee for n!any years, compiled a Proce- RENTON POLICE DEPARTMENT river Main Library or the Highlands Lib- dure Manual,complete with sample forms. Information Number 235-2600 rary direct: The effort not only smooths the way for Emergencies 911 Main Library 235-2610 employees and residents,it gained nation- For questions about zoning, land use, Highlands Library 235-2590 al recognition for Ms. Mead. The National comprehensive plan changes, call: Park programs are all coordinated Association of City Clerks has presented PLANNING DEPARTMENT through the Parks and Recreation Depart- her with a plaque for her efforts and many 235-2550 ment, including things at the Carco Thea- member cities are requesting copies so Hearing Examiner 235-2593 tre or at the Senior Center. For informa- that similar booklets can be made for their In case of fire, accident, injury or need tion call: employees and citizens. of medical care, call first: Parks Office 235-2560 Consumer Protection — RENTON FIRE DEPARTMENT Carco Theatre 226-3838 Information 235-2642 Senior Center 235-2533 From Door to Sink! Emergencies 911 The seven members of the City Council Consumer protection generally is used serve in a part-time capacity. However, a when talking about small retail purchases If you have questions on building per- full-time secretarial service is provided to at the drug store or grocery store. But in mits, setbacks or plan major repairs, direct your questions at specific council cil Corn- Renton,it extends to the home — particu- check first to see if a permit is needed.All membmitteers or to s or hearings.out bout CouFortin or a- larl if it is a rented home. matters relating to building codes should g y be reported to: tion call: The City Council is currently consider- RENTON CITY COUNCIL ing an ordinance which will provide some BUILDING DIVISION 235-2586 protection to the rentor in the event that 235-2540 The Mayor's Office may save you a lot of the owner of an apartment house decides steps in any problem you might have. Ren- to convert the building to a condominium. If you have a question about garbage ton has a full-time Mayor, an Assistant to Many residents complained to the Coun- collection or a complaint, or a question the Mayor and Executive Secretary.They cil that shortly after renting, they found about your water or sewer bill, call: are there for service: that their complex was being offered as MAYOR'S OFFICE individually-owned units of a condomin- UTILITIES BILLING 235-2580 ium, and many were given two weeks to 235-2520 purchase or move out! If you have questions about the City Airport's activities, call the: Reduced Metro Charge RE-ELECT COUNCILMAN DICK For Elderly On Horizon Sewer bills in Renton, as in the rest of STREDICKE the county, carry with them a "METRO Charge". In single residential cases, that amounts to a fee of$3.55 on top of the local jurisdiction's sewer rates. "His Questions Guarantee Honest, Open Government" METRO recently somethingvoeed to increasen thate *KNOWLDEGEABLE *DEDICATED P *EXPERIENCED rate to of the City oun ! beyond the *HONEST *WELL PREPARED *WELL INFORMED controlm m METRO decided. But ato the same time, to follow and HE WILL LISTEN! Renton's lead.A special reduceed rate will 'Ask the people in Monterrey Terrace.in Parkwood and Rolling Hills,in Victoria Park.on West Hill be offered, probably $1.40 less, to quali- on Earlington Hill, in Kennydale and throughout Renton fled low income elderly. 'Ask anyone who has ever been to a City Council Meeting!' The basis for the qualified rate will be YOU MAY NOT AGREE WITH HIM EVERY TIME, BUT YOU'LL KNOW WHERE HE STANDS! HE probably patterned after Renton's elderly SIT SILENTLY ON THE SIDELINES! p y water and sewer rates.Only 310 residents STREDICKE owning their own home have applied for that rate — $1.00 a month for water and Missed only six of more than 400 City sewer! Council meetings! No one can match that record!! Residents wishing to determine if they ADV &BROCHURE PAID FOR BY STREDICKE CAMPAIGN COMMITTEE qualify for the special city water-sewer rate should call 235-2520. Bond Issue On Primary Ballot Will : * A /7 Lead To City Beach Park Improvement •,(,^ ' , We hs 110.1. Lake Washington Beach Park (now LANDSCAPING �rm` 61. Gene Coulon Park, named after the late Land contoured in a series of mounts .; �j ;� yi»•' V Renton Park Director)is one of the most and properly landscaped park. 11 i; ', 1ISIIING IV,6� o^ popular fresh water parks in the state. ,,,,,R � ��,,t, Not only does it serve residents with fine PARKING 44' �Ay 1. swimming areas, but boat loading ramps In addition to present parking, more �/ ,y,+ii.Y than 100 parkingspaces, with separated �'1,t� make it easy to enjoy Lake Washington. P , P ��.�s•,�'' The problem is simple:Even though 1/3 boat trailer spaces will be provided in the +rl�0 ics of the 53 acres the city owns is developed, park - not on Lake Washington Boule- _ 1."�•w the park, the swimming area, the boat yard! '- 4 0 a raie launching area and the parking areas are / FISHING P1111 j AND MORE 41_..�,- more than overcrowded, especially when •, ':^; we can enjoy clear hot weather like we've Look at the drawing or see enlarge- , RI SI ROOMS had this summer! ments available now!Sailboaters can start ‘ r,, from a controlled water area where rental �1 ; . For several years now, the Park Board ,r, z and City Council have placed a priority on rowboats will be available. No longer will / / ,o the kids have to watch for speedboats com- ,'` developing the rest of the waterfront. But / ��i revenue and higher costsprevented that ing in. Emphasis on low maintenance pre- ��-� N from happening paration will keep much of the park in a +'L }o�' The September 18th Primary Elections natural state. �t, t ��PI'. .. I intend to full support the beach park / �fi1_ '; may clear all the roadblocks. The bond issue," Councilman Stredicke said, Nol $7,825,000 Bond Issue on the ballot will `�- ' ' • s,; even though he is not a regular swimmer, " .,. provide the funds for: ? 1I _i, boater or fisherman. We have such a / .� ,;� a ENTRY ROADS beautiful area that it should be developed i 14 • ` Enlarged entry with separation for now, at today's prices, not at the inflated ��•1p•,yYt' to I boaters and swimmers. prices we look at in the future,"he added. �'• ' 'rpn ,, � J DAY MOORAGE Gene �`al %CNIC SHELTERS �'?% �+� ♦�~ IA new pier will provide space for 15Al j II boats to temporarily tie down, while the 4 `-•�1� °A _ 1-® • '�,�� pier will serve as a breakwater to calm the �n Ion i `S.lrk ,`. ROWBOATS = :, FIIC ; % lakes waves. • y^t r„ • LAKE WASHINGTON BEACH PARK•RENTON . P ,�.a L MULTIPU RPO Ii BUILDING DAY MOORAGE IR - — + STREAM DEVELOPMENT AO An unnoticed stream flows to the lake 4 li i O f I just North of the boat ramps. The bond +� �PROPOSED issue will provide funds to reshape and _ : 1 . �c,' •ffI M ;it PARK t 1i. , ; fa r.' EXPANSION preserve that area. , \ ► .' - r fe �; -� . .BOn!RAMPS MULTI-PURPOSE BUILDING --' ' ,y 1 (t. 4, _' #,� ��.'• Most park visitors don't even pay atten- .1 , ; „ '�f _ A� P. '! tion to the present building, unless they iY / • I IS VU TRAILER PARKING10'- are hungry or need restroom facilities. 1'`_'-, _ _ - -`-. •. ; y , When those are needed,they will be avail- 6 y, _,- • .i ` t\ .i 6,, able without lines with the development of 1} t , l* ` \," 4 PI �I , 1 4Fr a second concession stand, restroom, e- ,x 418'10.' ;I I ',',' �„ ovr•ELow �J tao ' 'F ',PARKING 'e7 Q quipment storage, offices building in the EXISTING BEACH PARKS AR <r k=RLSI R(�MS \ new park. t, #� .i i /plt `. ` \ ,. ! °ri:••m.. ,, ,J l, SHORELINE DEVELOPMENT 4'4 . s < _ .y \,, • r> ,�:, Major work is needed because of drop "#1" r offs so that the park is useable. Three :'� -` �- ,•,' •, ., ! .; 4.1 fishing piers, walking and jogging trails N - + w, : � ' a\ j`><'�; £•; - / and picnic facilities will complement shore14 , v >� %� line improvements. BOAT LAUNCHING ''W '' _ ,' / fir. : Four widened launch ramps with tie-ups .`,a -` space for boats waiting to come in will make the park a total facility. PRIMARY ELECTIONSCOURTESY COUNCILMAN TUESDAY, SEPT. 18 SAMPLE BALLOT RICHARD M. STREDICKE YOU are entitled by law to take this sample ballot with you when voting. MAYOR VALLEY GENERAL HOSPITAL Director Position 2 (Vote for one)Top Two advance to General Election (Not on Primary Ballot) ❑ Earl Clymer ❑George Perry ❑JOHN R. SHIELDS ,INC. ❑Charles Shane ❑John Astle ❑Barbara Shinpoch Director Position 4 (Not on Primary Ballot) CITY COUNCIL ❑CHARLOTTE COOPER,INC ❑Farrell Wilson _Position 1 (Not on Primary Ballot) KING COUNTY POSITIONS ❑ Robert J. Hughes County Council Pos.8 ❑ MARGARET PROCTOR,INC. POSITION 2 ❑ R.R. "BOB" GREIVE(Democrat) INC (Not on Primary Ballot) County Council Pos. 6 ❑Karen Lunder ❑PATRICIA THORPE(Democrat)INC ❑THOMAS TRIMM ,INC. ❑Bruce Laing (Republican) POSITION 3 ❑William Johnson (Republican) ❑John Reed County Assessor ❑Randy Rockhill ❑ HARLEY HOPPE (Republican)INC. IIIJoan Walker ❑ Hank McGuire (Democrat) ❑Sanford Webb POSITION 4 KING COUNTY BOND ISSUE ❑G e Maxon ❑Yes El No ❑ rry Parsons Shall King County issue $50,000,000 in bonds for ICHARD M STREDICKE,INC preservation of Farmlands and Open Space'? Court of Appeals, Dist. 1, Pos. 1 CITY OF RENTON BOND ISSUE ❑FRED H. DORE,INC. (unopposed) Superior Court, Pos. 11 ❑Yes❑No ❑TERRENCE A. CARROLL Shall the City of Renton issue$7,825,000 in bonds for ] Richard M Ishikawa the development of the extension to Gene Coulon Memorial Beach Park at Lake Washington? Port of Seattle Commission Position 1 Renton School District L]JACK BLOCK ,INC • (When no ri iue than two file for a position. vote is delayed until ❑ Bob Buck General El9ct,on) ❑ Bob Daly ❑Bill Rinehart Jr Director Position 1 ❑Anthony A. Zuanich (Not on Primary Ballot) ❑Michael Royer ❑JUNE LEONARD.INC. ❑Tom McManus ❑Anita Smith ❑Jack Leffler Position 4 Director Position 3 ❑ HENRY T SIMONSON,INC. (Not on Primary Ballot) ❑Marsha Holland ❑ Robert Lindley Wood ❑ King Lysen Director Position 4 ❑ Bill Sage (Vote for one) ❑Captain McManus ❑ROBERT L. ANDERSON ,INC. ❑Tom Fairchild ❑ Montel R. Jenkins ❑Bob Maxie ` ❑ Lola Perrins ❑ Richard E. VanHorn Re-Elect Experienced, Knowledgeable Pos.4 RICHARD M . (Dick) STREDICKE— RENTON CITY COUNCIL y\,caiL9-' (9'1.1-15v‘- CITY OF RENTON, WASHINGTON ORDINANCE NO. 3350 AN ORDINANCE. of the City of Renton, Wash- ington, relating to improvements at the Gene Coulon .Memorial Beach Park and amending Ordinance No. 3336 passed and approved July 23 , 1979 , as amended by Ordinance No. 3343 passed and approved August 6, 1979. • THE CITY COUNCIL OF THE CITY OF RENTON, WASHINGTON, DO ORDAIN as follows: .Section I. ' Section III of Ordinance No. 3336 passed and approved July 23 , 1979, is amended to read as follows: Section III. The general obligation bonds herein authorized to be issued shall be serial in form and shall bear interest at a maximum effective rate not to exceed 8% per annum, which except for the. first interest coupon shall be payable semiannually, and shall mature in from two to not more than twenty years from date of issue, the life of the improvements to be acquired by such bOnds being at least twenty years, in such amounts as nearly as practicably annually as will result in a difference of not more than $5 , 000. 00 between the highest and lowest annual payment of principal and interest, excluding the first two years from date of issue, computed on such anticipated effective interest rate as the City Council of the City shall in its discretion determine will be borne by such bonds and shall be paid by annual tax levies sufficient in amount to pay both principal and interest when due, which annual tax levy shall be made without limitation as to rate or amount, and the bonds shall so provide. The bonds shall be redeemable at the option of the City at such times as shall be hereafter determined by ordinance. The 'date of issue, interest rate or rates, maturities, form and covenants of such bonds shall be .hereafter fixed by ordinance of the City Council of the City, and the bonds shall be issued and sold when the proceeds thereof may be required. Section II. Section IV of Ordinance No. 3336, as amended by Ordinance No. 3343 passed and approved August 6, 1979, is amended to read as follows: Section IV. The City Council finds that an emergency exists requiring the construction, installation and improvements of the Gene Coulon Memorial Beach Park, and that as a result of the existence of such emergency, it is necessary to call a special election and a special election is, therefore, hereby called to be held in the City of Renton as provided by on the 18th day of September, 1979, in connection with the primary election to be held on the same date, at which time there shall be submitted to the qualified voters of the City for their ratification or rejection the following proposition in the form Of a "ballot title" as follows: • • -2- .. Shall Ordinance No. 3336 passed and approved July 23, 1979,' as amended, providing for 'the borrowing of $7, 825,000. 00 and issuing and selling general obligation bonds therefor for the purpose . of developing and extending the Gene Coulon Memorial Beach Park, such bonds to mature in from two to not more than twenty years from date of issue and to be payable_from unlimited annual property tax levies, be ratified or rejected? Ordinance and Bonds YES /7 Ordinance and Bonds NO /7 Section III. . This Ordinance shall be effective, upon its passage, approval and five days after publication. PASSED BY THE CITY COUNCIL this 20th day of August, 1979. � . %G/� LOR DE �S A. MEAD, Ci y Clerk APPROVED BY- THE MAYOR this 20th day of August, 1979. CHARLE? . DELAURENTI, Mayor Approved as to. form: Lawrence J. Warren, City Attorney Date of Publication August 24 , 1979 • -3- CITY OF RENTON,. WASHINGTON ORDINANCE NO. 3343 AN ORDINANCE of the City of Renton, Wash- ington, relating to improvements at the Gene Coulon Memorial Beach Park and amending Ordinance No. 3336 passed and approved July 23, 1979. THE CITY COUNCIL OF THE CITY OF RENTON, WASHINGTON, DO ORDAIN as follows:. Section I . Section I of Ordinance No. 3336 passed and approved July 23,. 1979, is amended to read as follows: • Section I. The City of Renton, Washington shall construct recreational facilities including boat launch, fishing pier, trails , day moorage, parking, floating structures, and other equipment and materials incident thereto at the Gene Coulon. Memorial Beach Park, the estimated cost of which is hereby declared to be as nearly as may be the sum of $7 ,825, 000. 00. Section II. Section IV of Ordinance No.3336 is amended to read as follows: Section IV. The City Council finds that an emergency exists requiring the construction, installation and improvements of the ,Gene Coulon Memorial Beach Park, and that as a result of the existence of such emergency, it is necessary to call a special election and a special election is, therefore, hereby called to be held in the City of Renton as provided by law on the 18th day of September, 1979, in connection 'with the primary election to be held on. the same date, at which time there • • • shall be submitted to the qualified voters of the City for their ratification or rejection the following proposition in the form of .a "ballot title" as follows: • Shall Ordinance No. 3336 passed and approved July 23, 1979, as amended, providing for the • borrowing of $7 , 825, 000. 00 and issuing and selling general obligation bonds therefor for the purpose of developing and extending the Gene Coulon Memorial Beach Park, such bonds to mature in from two to not more than fifteen years from date of issue and to be payable from unlimited annual property tax levies, be ratified or rejected? Ratification of Ordinance No. 3336, as amended, and Bonds YES / / Rejection of Ordinance No. 3336, as amended, and Bonds NO /7 Section V. This Ordinance shall be effective upon its passage, approval and five days after publication. PASSED BY THE CITY COUNCIL this 6th day of August, 1979. DELORES A. MEAD, City Clerk APPROVED BY THE MAYOR .this 6th day of August, 1979. CHARLES J. DELAURENTI, Mayor Approved as to form: • • Lawrence J. Warren, City Attorney Date of Publication: August 10, 1979 • • • -2 • - 6 • CITY OF RENTON, WASHINGTON • ORDINANCE NO.., 3336 AN -ORDINANCE OF. THE CITY OF RENTON, WASHINGTON PROVIDING FOR THE EXTENSION OF GENE COULON MEMORIAL BEACH PARK AND THE CONSTRUCTION THEREON OF CERTAIN RECREATIONAL FACILITIES 'INCLUDING BOAT LAUNCH, FISHING PIER, TRAILS, DAY MOORAGE., PARKING, FLOATING STRUCTURES, AND OTHER EQUIPMENT AND MATERIALS INCIDENT THERETO; DECLARING THE ESTIMATED COST THEREOF AS NEARLY AS MAY BE; PROVIDING FOR THE BORROWING OF A TOTAL OF $ 7,825,000. 0o, AND ISSUING' AND SELLING NEGOTIABLE GENERAL OBLIGATION BONDS TO PAY THE COST OF SUCH CONSTRUCTION, SUCH BONDS TO BE PAYABLE BY ANNUAL'TAX LEVIES TO BE MADE WITHOUT LIMITATIONS AS TO RATE OR • AMOUNT; DECLARING AN EMERGENCY; AND PROVIDING FOR THE _ SUBMISSION OF THE PROPOSITION OF INCURRING SUCH • INDEBTEDNESS AND ISSUING SUCH'BONDS TO THE QUALIFIED VOTERS OF THE CITY AT A SPECIAL„ELECTION TO BE HELD THEREIN ON SEPTEMBER 18, 1979 IN CONJUNCTION WITH THE PRIMARY ELECTION TO BE HELD ON THE SAME DATE. WHEREAS the City is in urgent need of additional recreational facilities throughout the City, and particularly at Gene Coulon Memorial Beach Park, particularly considering the heavy usage of that Park, . and the City does not have available sufficient funds to meet the estimated costs of such construction, and WHEREAS the assessed valuation of the taxable property of the City of Renton as ascertained in the last assessment for City • purposes for the calendar year 1979 is $800,098,028.00 and at the time of the passage of this Ordinance the existing Outstanding general indebtedness of the City consists of $1,503,128.43 par value of general obligation bonds issued within the limit of the 3/4 of 1% of the value of taxable property within the City permitted without a vote of electors, and no general obligation bonds issued within the limit of 2 1/2% of the value of taxable property within the City permitted pursuant to a vote of the electors within the City for general municipal capital purposes, and the amount of the indebtedness for which bonds are herein authorized to be issued is $ 7,825,000. 00 ; now therefore THE CITY COUNCIL OF THE CITY OF RENTON, WASHINGTON DO ORDAIN AS FOLLOWS: • -1- ; SECTION I: The City of Renton, Washington, shall construct recreational facilities including boat launch, fishing pier, trails, day moorage, parking, floating structures, and other equipment and materials incident thereto, the estimated cost of which is hereby declared to be as nearly as may be the sum of $7,825,000. 00 SECTION II: The City of Renton, Washington, _shall borrow the sum of $ 7,825,000.00 on the credit of the City and issue and sell its negotiable general obligation bonds therefor for strictly municipal capital purposes other than the replacement of equipment, . to-wit: for the purpose, of providing the funds required to carry out the construction and improvements specified in Section I hereof. SECTION III: The general obligation bonds herein authorized to be issued shall be serial in form and shall bear interest at a maximum effective rate not to exceed 8% per annum, which except for the first interest coupon shall be payable semiannually, and shall mature in from two to not more than fifteen years from date of issue, the life of the improvements to be acquired by such bonds being at least fifteen years, in such amounts as nearly as practicably annually as will result in a difference of not more than $5,000.00 between the highest and lowest annual payment of principal and interest, excluding the first two years from date of issue, computed on such anticipated effective interest rate as the City Council of the City shall in its discretion determine will be borne by such bonds and shall be paid by annual tax levies sufficient in amount to pay both principal and interest when due, which annual tax levy shall be made without limitation as to rate or amount, and the bonds shall so provide. The bonds shall be redeemable at the option of the City at such times as shall be hereafter determined by ordinance. The date of issue, interest rate or rates, maturities, form and covenants of such bonds shall be hereafter fixed by ordinance of the City Council of the City, and the bonds shall be issued and sold when the proceeds thereof may be required. -2- . SECTION IV: The City Council finds that an•emergency exists requiring the construction, installation .and imprciyemOits of the Gene Coulon Memorial Beach Park, and that as a result of the existence of . such emergency, it is necessary to call a special ,election and a special election is, therefore; hereby called to be held in the City of Renton as provided by law on the 18th day of September, 1979, in connection ' with the primary election to be held on the same date, at which time there shall be submitted to the qualified voters of the City for • their ratification or rejection the following proposition in the form of a "ballot title" as follows: ' Shall the City of Renton, for the purpose of developing and extending the Gene Coulon Memorial Beach Park, borrow $7,825,000. 00 and issue . negotiable bonds therefore? YES / / NO 7-7 • The King County Elections Superintendent is hereby requested to concur in the finding of such emergency and to call and conduct . such special election in the manner required by law. The .City Clerk shall deliver to the King County Election Superintendent, at least forty-five days prior to the requested election date, a certified copy of this ordinance showing its passage and including the ballot title herein set forth. SECTION..V: This Ordinance shall be effective upon its passage, approval and five days after publication. PASSED BY THE CITY COUNCIL this 23rd day of July, 1979. o a. Delores A. Mead, i y •Clerk • • APPROVED BY THE MAYOR this 23rd day of July, 1979. Charles ./ Delaurenti; Mayor Approved as to orm: Lawrence J. Wa en, City Attorney Date of Publication: July 27, 1979 Section IV.The City Coun- -.t1.- '�: ,�'. cil finds that an emergency 'iRNTON exists re uirin the cbn r�55 L'I-. WASHINGTON " structioninstallation and 1 / ORDINANCE NO. 3350 improvements of the Gene .AN ORDINANCE of the Coulon Memorial Beach City of Renton,Washing- Park,and that as a result of - ton, relating to improve- ments at the Gene ethe gencexisty,it of sucy Coulon Memorial Beach to call acy,it is l necessary • Park and amending Ordi- .to call special election Affidavit of Publication nance and No. 3336 assed and a special election is, P therefore,hereby called to and approved July 23, be held in the City of 1979, as amended by Renton as provided by law STATE OF WASHINGTON ss Ordinance No. 3343 on the 18th day of Sep= COUNTY OF KING passed and approved tember, 1979, In conne�c- 1 August 6, 1979. tion with the primary.,elep= ,, THE CITY COUNCIL OF tion to be held on the same'. THE CITY OF RENTON, date, at which time there' r>>,. .�:.. ...: : .�:: beingfirstsworn on WASHINGTON, DO OR- 1 shall be' submitted to the TCrti .:,�a :xr:v:,.liiduly DAIN as follows: qualified voters of the City , Section I. Section III of for their ratification or re- oath deposes and says that,,..lt?..is the .....01::` Ordinance No.3336 passedjection the followingpre- oath, Y c p....f...CJ..rx: of P THE DAILY RECORD CHRONICLE a newspaperpublished six(6)times a and m apendedroved Jly 23,read1 as9, "baposllot title"In the for of a is amended to as ballot as follows: week.That said newspaper is a legal newspaper and it is now and has been follows: Shall Ordinance No. for more than six months prior to the date of publication referred to, Section III. Thegeneral ap- printed and published in the English language continually as a newspaper 3336provedpassed and published four(4)times a week in Kent,King County,Washington,and it is obligationtori bonds herein m July 1gfor79, as authorized to be issued amended,providingfor the now and during all of said time was printed in an office maintained at the shall be serial in form and aforesaid place of publication of said newspaper.That the Daily Record borrowing o f Chronicle has been approved as a legal newspaper by order of the Superior shall bear interest at a $7,825,000.00 and issuing Court of the County in which it is published,to-wit,King County, maximum effective rate and selling general oblige- not to exceed 8% per tion bonds therefor for the ' annum, which except for purpose of developing and Washington.That the annexed is a errl; n;;,_nC.O....:r.3.330 the first interest coupon ' extending the Gene shall be payable semian- Coulon. Memorial Beach nually,and shall mature in Park. such bonds to ma- ' from two to not more than ture in from two to not more twenty years from date of than twenty years from issue, the life of the im- date of issue and to be as it was published in regular issues(and provements to be acquired payable from unlimited an- not in supplement form of said newspaper) once each issue for a period by such bonds being at nual property tax levies,be , least twenty years,in such ratified or rejected? amounts as nearly as I Ordinance and Bonds of practicably annually as will YES ❑ consecutive issues,commencing on the result In a difference of not Ordinance and Bonds more-than $5,000.00 bet- NO 0 :1;...day of tl 11,f�1.'. :r ,19. ,and ending the •ween the highest and low- • est annual payment of principal and interest, ex- cluding the first two years _. _ __ day of ,19 ,both dates from date of issue, corn Seaton- 111. TF,�'i's .Ordi- inclusive, and that such newspaper was regularly distributed to its sub- puted on such anticipated g y effective interest rate as Hance'assa e, effective up- scribers during all of said period. That the full amount of the fee onitspassage,approvaland the City Council of the City five days after publication. shall in its discretion deter- PASSED BY THE CITY charged for the foregoing publication is'the sum of $..76.s.1 which mine will be borne by such COUNCIL this 20th dayof has been paid in full t the h folio of ofone hundred folio iodf one hundred fn subsequent for the -bonds and shall•be paid by August, 1979. first insertion and annual tax levies sufficient insertion. in amount to pay both Delores A. Mead, principal and interest when City Clerk c :C7LiciAi...e%. N„.16,22_ due,which annual tax levy APPROVED BY THE shall be made without limi- MAYOR this 20th day of ' tation as to rate or amount, August, 1979. ,• n 1 P.f •Cos,rit-, and the bonds shall so Charles J. Delaurenti, provide. The bonds shall Approved as to form:Mayor - be redeemable at the op Lawrence J.Warren, Subscribed and sworn to before me this , 2 4 f h day of tion of�.the City at such City Attorney times as shall be hereafter published in the DailyRe- determined by ordinance. .1.11,'L1,- t cord Chronicfe, A. stt r_ r , 19.7!.. The date f issue,interest ;n.- rsw• rate or tes, maturities, op i. form an covenants of •••� such bdnds ,shall be , Notary P in'and for the State of Washi on, hereafter fixed by ordi- , residing at Kent, King County. nance of the City Council of the City,and the bonds _. - shall be issued and sold , when the i roceeds thereof —Passed by the Legislature,1955,kno ab n. � may be fdb`u ed. . ' 9th, 1955. " Section II. Section ilVof. —Western Union Telegraph Co. ruletta counting- words and fignrp,, Ordinande No. 3336, as adopted by the newspapers of the Sr amended by Ordinance No. ' . A U 6 3 I, 1979 3343 passed and approved August 6,1979,is a ended to read as follows: f CITY CLERK V.P.C.Form No.87 Rev.7-79 V ' r RENTON CITY COUNCIL Regular Meeting August 20, 1979 Municipal Building Monday, 8: 00 P . M. ; Council Chambers MINUTES CALL TO ORDER Mayor Charles ;Delaurenti led the Pledge of Allegiance to the flag and called the Renton City Council meeting to order. ROLL CALL OF ' BARBARA Y. SHINPOCH, Council President; RICHARD M. STREDICKE, COUNCIL MARGARET PROCTOR, GEORGE J. PERRY, EARL CLYMER, THOMAS W. TRIMM, CHARLES SHANE: CITY OFFICIALS, C.J. DELAURENTI, Mayor; LAWRENCE WARREN, City Attorney; DEL MEAD, PRESENT City Clerk-Finance Rep. ; GORDON Y. ERICKSEN, Planning Director; JOHN WEBLEY, Parks and Recreation Director; WARREN GONNASON, Public Works Director; RON HEIRET, Park Supt. ; BRUCE PHILLIPS, , Fire Dept. Rep. ; CAPT JAMES PHELAN, Police Dept. Rep. PRESS GREG ANDERSON,' Renton Daily Record Chronicle MINUTE APPROVAL MOVED BY SHINPOCH, SECOND CLYMER, APPROVE COUNCIL MINUTES OF AUGUST :13, 1979 AS WRITTEN. 'CARRIED. PUBLIC HEARING This being theidate set and proper notices having been posted, , Alley Vacation , published, andimailed according to law, Mayor Delaurenti opened between N. 35th' the public hearing to consider proposed alley vacation located & N. 36th St. ; ' between N. 35th & N. 36th St. , East of Burnett Ave. N. as East of Burnett' petitioned by Brown/Strand Homes. VAC-13-79. Letter was read Ave. N. , i from Warren Gonnason, Chairman-Board of Public Works, noting VAC-13-79 no *objections to vacation, no easements and suggestion of no- fee. Letter was read from Walter L. Cook, 903 N. 36th St. , noting his approval of vacation. MOVED BY PERRY, SECOND SHANE TO CLOSE THE PUBLIC HEARING. CARRIED. MOVED BY PERRY, SECOND SHANE, TO APPROVE ALLEY VACATION WITHOUT A FEE. CARRIED. MOVED BY PERRY, SECOND SHINPOCH, TO REFER TO THE WAYS AND MEANS COMMITTEE FOR ORDINANCE. CARRIED. AUDIENCE COMMENT Rose Gilbert, 10409 SE .174th, noted previous request of council' i SW Victoria St. to review appraisal of SW Victoria St. street vacation, VAC-12-79i. Street Vacation Letter was read from Public Works Director, Warren Gonnason, VAC-12-79 , noting reappraisal of property to. $5. 10 for a portion and $3.00 a sq. ft. for the remainder,, the new totals owing would be Kaczmarek - $16,957.50 and Allers - $3,600.00. Following discussion it was MOVED BY' TRIMM, SECOND SHANE, TO CONCUR IN THE RECOMMENDATION ' ' OF THE PUBLIC WORKS DIRECTOR. CARRIED. Executive MOVED BY SHINPOCH, SECOND CLYMER, COUNCIL HOLD EXECUTIVE Session SESSION TO DISCUSS LABOR NEGOTIATIONS. CARRIED. 8:35 p.m. and reconvened. at 9:05 p.m. Roll Call - All council members present. OLD BUSINESS --- Gene Coulon Council President Shinpoch urged individual endorsement of Memorial Beach Park the Gene Coulon !Memorial Beach Park bond issue. City Attorney Bond Issue I cautioned council not to endorse as a legislative body, but individually. Fire Services Per request of the administration, to make a presentation - SE Quadrant of , MOVED BY SHANE, SECOND SHINPOCH, TO PLACE ON THE COMMITTEE OF City THE WHOLE AGENDA THE MATTER OF FIRE SERVICES FOR THE SE QUADRANT, OF THE CITY. CARRIED. MOVED BY PERRY, SECOND SHINPOCH, TO ' REMOVE MATTER FROM THE PUBLIC SAFETY COMMITTEE & REFER TO COMMITTEE OF ' THE WHOLE. CARRIED. Community Services Community Services Committee Chairman Stredicke presented report, Committee Report , recommending referral of mosquito control in the Springbrook/ Mosquito Control ' Talbot Hill area back to the Mayor's office to see if any spraying can be done and if it would be' effective at the present time and', for inclusion in' the 1980 budget to provide for control in that ' area. MOVED BY STREDICKE, SECOND PROCTOR, TO CONCUR IN THE COMMITTEE REPORT. CARRIEDI. r iI Renton City Council 8/20/79 Page 2 Old�' Business - Continued Ci Water. Councilman Stredicke noted complaint by Mr. Ernest Lobe on 8/13/79 re use of city water by building contractors, submitting letter from Warren Gonnason, Public Works Director, noting,water service connection to the meter box from the street had not, been installed properly by the. developer. Also, the City Water Department will make the necessary corrections to the service line, , install the meter and bill the developer for these costs. Councilman Stredicke _requested the record show that Mr. Lobe had been informed of the City's findings and action taken. . Put'lic Safety Public Safety Committee Chairwoman Proctor presented report CoMmittee' Report recommending the low bid of Tony M. Koenig Landscaping for Fire Station the Fire Station Landscaping Project be accepted in the La�Idscaping amount of $5,050. 19, also authorizing the Mayor and; City Clerk Award of Contract to sign. Moved by Clymer, Second Trimm to concur in' the recommendation. SUBSTITUTE MOTION BY STREDICKE, SECOND CLYMER TO ACCEPT THE LOW BID, SUBJECT TO APPROVAL OF THE CITY ATTORNEY. CARRIED. ORDINANCES AND RESOLUTIONS Wads and Means The Ways and Means Committee Chairman Clymer presented report Co; ittee Report recommending the following ordinances for second and final readings: N ORDINANCE #3346 Ordinance was read vacating a portion of alley between SW 12th Al ey Vacation- and SW 13th Streets as petitioned by Gunnar Ostlund. (VAC-11-79) Be ween SW 12th & MOVED BY CLYMER, SECOND SHANE, TO ADOPT THE ORDINANCE AS READ. SW 13th-VAC-11-79 ROLL CALL: ALL AYES. CARRIED. OR INANCE #3347 Ordinance was read vacating a portion of alley between SW 12th Al , ey Vacation- ' St. and SW 13th St. as petitioned by Mr. Pierotti . ' VAC-14-79. Bel ween SW 12th & MOVED BY CLYMER, SECOND SHANE, TO ADOPT THE ORDINANCE AS READ. SI+VC 13th -VAC-14-79 ROLL CALL: ALL AYES. CARRIED. . OIINANCE #3348 Ordinance was read providing for appropriation of funds for the Appropriating Funds payment of relocating a light standard in the amount of $1,614.00. ROocating Light MOVED BY CLYMER, SECOND SHANE, TO ADOPT THE ORDINANCE AS READ. Standard. ROLL CALL: ALL AYES. CARRIED. Councilman Stredicke requested the record show the money was paid by a developer. ' ORDINANCE #3349 Ordinance was read, amending City Code relating to routine inspection Cabaret of cabarets and. investigation of complaints. MOVED; BY CLYMER, Ordinance SECOND SHANE, TO ADOPT THE ORDINANCE AS READ. ROLL CALL: ALL I AYES. CARRIED . , 1 The Ways .and Means Committee recommended the following for first , ' read and advancing to second and final : ORDINANCE #3350 Ordinance was read relating to improvements at the Gene Coulon Gne Coulon Memorial Beach Park and amending Ordinance No. 3343 passed and Memorial Part, approved Aug. 6, 1979. for a bond issue. MOVED BY ;PERRY, SECOND Bnd Issue CLYMER, TO SUSPEND THE RULES AND ADVANCE TO SECOND AND FINAL (Amending) READINGS. CARRIED. After readings it was MOVED BY PERRY, SECOND n SHINPOCH, TO ADOPT THE ORDINANCE AS READ. ROLL CALL: ALL AYES. CARRIED. (9/18/79 Election Ballot Issue, $7,825;000.00) • hThe Ways. and Means Committee recommended the following for q first reading: Renton Hill Rezone Ordinance was read changing the zoning classification of certain R;219-78 properties within the City from heavy industrial district to Interpace Corp. residence single family district (R-1); public district (P-1) and manufacturing park district (M-P) . Renton Hill , R-219-78. MOVED BY PERRY, SECOND SHANE TO REFER BACK TO THE WAYS AND MEANS COMMITTEE. CARRIED. li I . � 0 R � " . .., THE CITY IF RENTON at=-. ; .. . /r }> _- MUNICIPAL BUILDING 200 MILL AVE. SO. RENTON, WASH:98055 2 t; ; a O • n r0 �' - - CHARLES J'.'DELAUR.ENTI , MAYOR e DELORES A. MEAD .13 cryCITY CLERK . O,p�r fo SE PZ� O�� . August ' 21 , 1979 Roberts , Shefelman, Lawrence , Gay, & Moch ." 1318 IBM Building , •' Seattle, Wa. 98101 " . ATTN: Mr. Jim. Gay, Bond Counsellor " RE:. Gene Coulon Memorial Beach Park Bond Issue and L,. I . D. 297 . Dear Jim, Pursuant to your letter dated August 15 , we forward certified excerpts from the. minutes of the council meetings of 7/23/79 and 8/6/79 showing passages of original and amendatory' Ordinances Nos . 3336 and 3"3,43 , along with the same documents pertaining to the August 20th,' third -and final amendatory Ordinance No. ' 3350, relating to ,the Park 'Bond Issue . ' • We also enclose copy' 'of bond purchase ,offer of L. I.. D. ' 297 by Seattle-Northwest Securities, Inc. Will you please provide the approving legal opinion and necessary, bond' ordinance. If there is further_ information or documentation required , please advise. • Sincerely, ' ' CITY OF OF RENTON' • • -Delores A. Mead, CMC ' City Clerk DAM: db , . . • • ENC : 't . " . ShalI—OTdiance`N o- r—' 3336 passed and ap proved July 23, 1979,C 4, WASHINGTON Il CITY OF RENTON, i amended, providing' . WASHINGTON the borrowing of ORDINANCE NO.3343 $7,825,000.00 and issu- AN ORDINANCE of ing and selling general ' obligation bonds therefor Affidavit of Publication 4 - for the purpose of de- veloping and extending • the City of Renton, the Gene Coulon Memo- } Washington, relating to rial Beach Park, such STATE OF WASHINGTON improvements at the bonds to mature in from • COUNTY OF KING sr,' Gene Coulon Memorial two to not more than 1 Beach Park and the fifteen years from date of 1 I , amending Ordiance No. issue and to be payable - 3336 passed and ap- -from unlimited annual• �.,,i�;_ t' - proved July 23, 1979. property tax levies,'be .':?3.n being first duly sworn on THE CITY COUNCIL OF ratified or rejected. THE CITY OF RENTON, .Ratification of Ordinance WASHINGTON, DO OR- No.3336, • oath,deposes and says that O.isthe : ,� f •`I GAT. of as amended, and THE DAILY RECORD CHRONICLE,a newspaper published six(6)times a Section I. Section I of bonds. YES❑ week.That said newspaper is a legal newspaper and it is now and has been Ordinance No.3336 passed Rejection of Ordinance for more than six months prior to the date of publication referred to, and approved July 23,1979, No.3336,as printed and published in the English language continually as a newspaper is amended to read as amended, and published four,(4)times a week in Kent,King County,Washington,and it is follows: Bonds NO 0 now and during all of said time was printedlin an office maintained at the Section I. The City of Section V.This Ordinance aforesaid place of publication of said newspaper.That the Daily Record Renton, Washington, shall shall be effective upon its Chronicle has,been approved as a legal newspaper by order of the Superior construct, recreational passage, approval and five Court of the County in which it is published,to-wit,King County, facilities including boat days after publication. j I launch, fishing, pier, trails, PASSED BY THE CITY ,rrt .,.?'y wC ''3;1,- 'day morrage, parking,float- COUNCIL this 6th day of Washington.That the annexed is a c. I {ing structures, and other August, 1979. I I equipment and materials in- ` DELORES A. MEAD, cident thereto at the Gene .City Clerk 1Coulon Memorial Beach APPROVED BY THE I Park, the estimated cost of MAYOR this 6th day of. as it was published in regular issues(and I,which is hereby decleared to August, 1979. not in supplement form of said newspaper) once each issue for a period bbe as nearly as may be the CHARLES J. i 1 ,sum of$7,825,000.00 DELAURENTI. Section II. Section IV of { Ma or' Ordinance No. 336 is Approved as to for : y of consecutive issues,commencing on the amended to read as follows: Lawrence J.Warren, Section IV. The City City Attorney 3 0 UCLIS l; rrt� Council finds that an J Published in the Daily Re=daylof ,19 ,and ending the ,emergency exists requiring cord Chronicle August 10, 1 +the construction,installation ; . 1979#R5719 • and• improvements of the; , day of ,19 ,both dates \Gene Coulon Memorial I,, inclusive, and that such newspaper was regularly distributed to its sub Beach Park, and that as a scribers during all of said period. That the full amount of the fee result of the existence of i I such emergency,it is neces- I a sary to call a special election, , charged fort the foregoing publication is the sum of $ 52®8,8which and a special election is, has been paid in full at the rate of per folio of one hundred words for the therefore,herby called to be first insertion and per folio of one hundred words for each subsequent held in the City of Renton as ' insertion. ' provided by law on the 18th , . ....L4/Levz,p_ti.a. 4,0_,L-, day of September, 1979,in r !connection with the primary "election to be held on the same date, at which time :. , ',Lei -%.L?$k there shall be submitted to " , the qualified voters of the.I "City for their ratification or Subscribed;and sworn to before me this ? j day of I rejection the following pro- I position in the form of a t_`,+t S t ,j,`� "ballot title"as follows: - , 19 ,' Notary Pub • i and for the State of shington, I residing at Kent, ng County. I 1 r".""....."---1(E E EirjYr---.1 —Passed by the Legislature,1955,known as Senate Bill 281,effective June 9th, 1955. —Western Union Telegraph Co. rules for counting words and figures, AUG 21 1979 adopted;by the newspapers of the State. . L----................. [11) CITY C,_c,-K • ; 1 , , V.P.C.Form No.87 Rev.7-79 f • 177PgVir'' .Z''''''',''''',,!,'Ci8"7elqqqt#;5(gr.:10: gekerif?, r,-..-•;,„ ,.,.:.,,,,..,,:.,,,,,,i!ga,titi:C::00iiiii.A.O.iiieif i. . i....., 1:-Ncoirc-,,NetiCes,,,-Avatierft*liendot2Wakettlie• ;,l'i-•• --' •.'1i,',,--'4'••,• -,-,-,,-",•G',''4alhe;c6I'liiiilite•7:"Oeiti 1:',7:49.1,TY;OF,RENTOW-. 1.1-..•:••••---A,-,-,•"J---.,--•..-,4,'Pr•n.—- e' `;'•'-'3S,WASHINGTON'''':'''''LY'Obirtr,'•th*4:c-itY'A-14ertiittoti': ,Q90INANDE;NOit2.136'.-'•'•:Piit440q:—.1°''4''''.4g-,• i'AN":'OA b I NAN CE`-'0 OF :'1,,•'..01164:r-li-in-'W?.Obi#4* "tlit'CITY rirtiENTON., •Aq9011ji:jilMni410'.',;64ipitiall ' Affidavit of Publication WASHINGTON PRO NIDING"FOR'THE' let.i.d:the-sairtili.,MIcif.I, I I ..... g: ---'- cit.1 PENSIptgf--.Qtr- GENE- ',--,,• EX-:-''.••tile,irldehtedneas-JOr whictil epadeate hereirahtiif ,eng.i ,. . i,COUL0N2,4,46ibitAij rd.'J,;',_,O0'1•.4 issuedi;i:q . STATE OF WASHINGTON • ;BEACH'PARK AND THE ':''-$1•‘;8.? .:°99•00'.:::r-10•4,16.9re=4 COUNTY OF KING ss. - • • - — fore- • -•-- ••• ,' '•-:,-- ::1-r4f ON S.T13..t.i(ri 0 N''i r: ----:-•••=.-...• -• ' '''1.-•-•W'-'-' if HE:ROON-:,-60,--..!CER :-'"-;`-'''':Thgt di LT.;COUNOJI,.,17.* TAN',:RECREATIONAL'.:.i'''''7111E- 60*•':0",'010,.:1,70,10 being first duly sworn on IrsiG' -1 WASHINGTON'l DO OR ? FACILIPIES;INCLUD-- •, -• ,, - --••---• .EioAtt.,.1.A0404,:::',1*IN'ASToppwsk ,'4...;e; FISHING PIER;TRAILS .'', spcTipttii-1.71-tio..citsAif . .. . 1.0.A.se...„m 0 6 A•li-d-E;•.,, RentonWashieqtqep,Vell I I PARKING,'FLOATING•..•.genstreOt•`:,4a'0(Levi gn:a1; oath,deposes and says that.: is the , ., ... --' ' - , of 1 -- - - --- - --- •:'•facilities'inClidieie tioit'' - --- STRUCTURES ::AND: `•• • •'., .:• . •V,-,,,,,,,t'' . THE DAILY RECORD CHRONICLE,a newspaper published six(6)times a IOTHER, EQUIPMENT launch fishing pier week That said newspaper is a legal newspaper and it is now and has been tAND MATERIALS--INCi ' 'id.-11-1:r.niiinr.iniZgrtii.:,7!t"Ariin4'.''rel for more than six months prior to the:date of publication referred to, 'DENT THERETO;DEC-:---I.' equipment,ehilMaterlalSli.,,,'' printed and published in the English language continually as a newspaper I LA RI NG";:THE -ESTI-. published four(4)times a week in Kent,King County,Washington,and it is IMATED.:;COBT:THERE-".-,',. i.deiit theletri;tiiaiiiiirlatedq now and during all of said time was printed in an office maintained at the ,O.F.:'AS :.•NEARLY'-,AB•• ,;'enet af'"i6frieli6feliscre':'''' aforesaid place of publication of said newspaper.That the Daily Record diered to be a.1.5--'ria ilv-'" ."'"':;' • Chronicle has been approved as a legal newspaper by order of the Superior !MAY,r.:BE;,'PROVIDING.• -•.1,, .••••-.• :-: •••-.,„:-';-.••••.1M-, :k4i•.THE BORROWING':;•':m,a y.;.:.b e,,+t he•,-.-s.wri:,P,qtf:,:-: Court of the County in which it is published,to-wit,King County, s-: . ;0 F.,.,•A;,.TOTAL,.:,OF '' •Si,1.3g5,009.:06'?"':': :5;`';'w',N*:.'"•-`,: I i$7,625,60000CAN AND•IS.,, 1::13':-:ciP,rFrC..oTtiy10,7t.‘!'hi!,:.,9:;::70,1;;71P-.7,90:1 SUINGAki '.0'Eti '''-',' '-',Fe9t9";':**0*961•Rt1:#11; Washington.That the annexed is a 'NEGQTIABLE-,GENER; [ 412----OBLIGATION,•:-4• 7•!8?6•011•66>00:.tkPreclit:',' I BOND$,TO:PAYi fl'it'1,,-,i of the City*liileati‘,apiiiiiiii COST OF,SUCH' '6'04-"-: lis!:IriegPti*0-ge004•9011''',t TA l'-/dti OW:gtiol .,'batiori.l.b.hrldS;.Itherefoil-Joi:4 as it was published in regular issues(and IBONDS.,-TO BE PAY .--OtrOy- uhiCipgkOpital Pk*4 not in supplement form of said newspaper) once each issue for a period ABLE BY ANNUAL TAX'';.poses,:other than the fe),k ' ! IEVIES..TO BE MADE.-:•'•.•pingen:ient°!9c-ViOnuSitl°71 WITHOUT 'LIMITA-.: wit: ferltie•ID.igetiWpt#pi-i el. rTIONSASTO RATE OR:• -IIriryng'itie.fh4.required to , -!..,„•-, out,the'-atirittratitiff)of I 1 consecutive issues,commencing on the I'AMOONTi'DECLAR N -•'''' , :AN:EMERGENCY;I:AND ',."..,!1.ang_iroproyarnarka.,Spa002i : :_:.T..:- ::.•in Section I ftetedfAr,:,•4••),;;.;,;•4 ItilithriDiNd• 06t701-It. d'ay of 19 • , and ending the isudrtnistION-.0F'' ".... .. ,SECT,10t4AF'11Thei'Veiill -•THE-.:••:,-• . - •-.•-*- ,I•*,:-•,.', ,Exei.',•O PROPOSITION OF-'IN-:.- ',aro],pOligakinOrlciahOreiry QURRING.BUCH,INbE-:.: 'faiAtiiiri*edt-c.i.liera iliWCI,0111 daY,of ,19 ' ,both dates -raatn:fa,t,•angii,,.,irrju'iN li,EVITEDNESS—.:•AND,ISs'a.:: .'bi,'Oriat•-in f6rei, 41:cij,c.,-oair, inclusive and that such newspaper was regularly distributed to its sub- THE':.00,4110Eti.1 v(),... .:., ,IN.P.8upcB.o.NbS;.-.-1".0.',.'bear kit:0 scribers during all of said period. That the full amount of the fee ,TERS'cW,Tht OilSekt.•:.47,Petli*r4ti"i4;Pr4iiih614?-:', IA.;t0ECIACELE6TION-.;:-;:celjt Or:tkigfirk'.ii*-0.41::, charged for the foregoing publication•is the sum of $ i :''!.4flich 1•TO:BEHELD;THEFiEIN'•Y.;OCiPPnii'••0'411'1'.-:-billii•'•04-4614•1 ,,,,• has been Paid in full at the rate of per folio of one hundred words for the 1014--',SOttEktiER.';"16, semiannually "2; ,riti first insertion and per folio of one hundred words for each subsequent bi9t9IN CONJUNCTION tura in from two to not Mrel : insertion. ,WItii. THE‘ ORIMARY-:. -tnan,fritteen yeas ITT:gate:1 ir. _:'ELECTION.-to...15 :',..*.:.iaiue;,tho.',:liWO.vte.i-: 14.644 !,HEL.0..,.-bri:.;Tfit.:sAmt..,.•,,...:kniprchiarnentai**k'aq;.v ' bAlt.".,?:-":".',7q1:::,:1,;,:-;,.,•.:',1,,,,9!-Iired.•41Y;P4911.4.6:006,.itY61 ,•*4-400A6:...tile.,016,.. is,in„..1 at least fifteen yeeriOisVpli • i r ; - .• urgent 'Ineetif!.01-:"Additional4rrio4n45:"liearlY140:544: : 1 r e p re:ati Ofia i'--:facilities;'.:1*IY'ailN'Oly20:#1P-400 thrpagtioqfinriditi:and oar,:1 in *diftOrenc:e'**.r1W. ficAta—ny,•"ai.".islaria':',_•vo'-alori.•:i,tti,:.4.n.'$•_51°P15,,'66'',be,- hid---Ete,dtttier--- Subscribed and sworn to before me this • ' • day of rvireitiqriat i.,, ,...„..,inig!ipst,,Ancv..iciwocarinoi.,) tidiJiaoy::;''dofteid'atirii7the'-I OymeriK-d."--I*6441'';i'6d-A , 19 .-1 heavy eal' Liati ' 1 that-Park' I itIt°ePt'...ex*ditig';the''''filit 4 ' 1 ' farld,te.04it4doei'hot have:,•-'}w-P years frPr7514.0;44.-,79s14_9 ixf.abie'Letiffitientiunderto'''',:091:1PLOO..°11' 0146M-1 R4190:0:''A 1 ,,../Zgle--. :61-4:60-fiii:-Eiiiiiiieir:6,6g6 a..-RatedeffeCtive9,1',Iterepyief0 I Notary 4utin a d for the State of Was ngton, liu6h,o6iiitiu-6.666'.add..,-i.,,.,.,.-ri..a..p.0e gip"'COLIncii:,OttAfidV. residing at Kent, Kin County. L„'' WHEREAS the assessed .:'':•-C4Y:.•-•'0i1411Piliii.0: 0-iiii"ri•O determine,,eePiti**Yr bk1,30,1„.t;'.IN-' valuation of the tekatile:Ore-. .. ! . !Ogrtycif the:OtietRentthat •:', 4crY.,:40qcW:4)Z:Riti.011:5tit, „,rt--- 6d:---iii.,-fist.,--,,- paid: by,..`ahiltief.,,tailEds,,,, eel_ ..in. e.: .4p,7.i:.„:It. -.. t,,-..,, , , —Passediby the Legislature,1955,known as Senate Bill 281,effective June I—.',. :.su ici an,,In,.arnqunI6t,way41 - 9th, 1955. 1.00Sireent forCity,ritiipiisee.: for the calendar year -''';.001C,Prjr-01*-i'01.Cii,:aer.e.sti.',1. i., a-- ,--, - -, .• when'dueWni- on aiiridaitik rk —Western Union Telegraph Co. rules' for counting words and figures, 1-040;04:Yoi90:am.I•At the,-•.,,''31yahalt.be,- , , .-,• A. without ngncelri6. -•-,-!PI: .-- adopted by the newspapers of the State. Airrik Of ma,paaaageSfat:this., 'limitation.,:4s'-gfi'Ll'r.zate-l-lii.4) standing general indebted ..010"1,0c,Iltipticfat4rA• reiaOf:fha"ciIiOnaiaii:Of'...i••.-WPrcw.1.40;"1119'i"b1?d1'04°•1 . • Vi°4:11I•_48"• :pa:r•-•'4.-uinl'Pti-161th'fiel.E4Cit:elreti;4.:tith.4:14:10.M.11: i I .cliinefakcatiAgotionititiiidii -;F,'- -. liiitlii".th"limittiiritli:'sall,'.be,:',Ihdretiftiw.;`,Ileta'rN sued:.,...,•.n..., p, 7P,A. ..%$4.: !Ir ,A,AteW.•,,plit,v,w.,-.;:,,,,,,,,;,--4-tv,,, OL-t.S,:efike'iiiiu6,exiictiaa6iikY,PlE,,(&,k.9.5.9.part-Tti„..9 F V.P.C.Form No.87 Rev.7-79 hibbeitv:',?iAti•tivliiiiCciivriA.,-;1,haV.),9f4NFIlgat,140*A l' • ", iiv-- ,.Rubtic-:Notices-' ,I rates, maturities,-form and. • 1.'' aril of such bonds • �„i all::b'e...hereaftet� b y'. ' {: ordinanceofthe9City.:Co s C 4,. and"thee bonds--' I {y:\,ofy.Ute,i City,;.,, ei ri{a ••..shalei�eY':iss,„.,1sand-;sold, i , ' proceedsaliereof,:, ; enA;tti'er .,;.,.., "`SECTIOfd#IV. Tlie City ;Cou;n°°ci:l fiArids `•' a••n` that ' „ftfheec,00nst"ructioii nsttalalllatiuffio`_ v-and,.,improyemerits,;of,.the' :,Gene �CoulanMeinoral;;Y f•-Beach;''P' rard:ttiat::as;a;: ''� _ °exi'stei ce: of ��'result;gof thee- ,.;:J such; s is'neces-', I' ' i'". `''�'xto call aispeaal`::..,on l " aspecial relection:;'is therefore; heieby:'ic'alied`to;: • k be held'in tlhe:City ofRenton as'provided byr`law.on the . ;f;8th="'day'.'cf';September. U.,,, 'w'{fit{; a1979':im'con -7t.tign `eld 1 9prtmary election to.;be hel ;,tin:the:rsame�date.at,wh ch l time'the.re shall tieisut inittedtl �-.'e a ,P:`O:> +' 'Of:tlle`y ,to,;the,,tualrfLgd;voters.,u w 6i1 ircity fort their ratification,or,; rejection:t ie,followinngypro,. v.- r ` of''a position iii*the;fomr. ballot title`Ias follows y a$fiall the`Citjr of;Re . 1, ritor i,'fouf r ttie'P'U!Po ',of; ,, 4..developrng and extend s+. Y it y' the<efne`f.!'Coulont.;''), Memorial'Beach s`Park, borrow .$7�825.000.0O,,,`:.t • •.and�issi a q{negoiiatile, c:.. s t?drr I . bonds therefore°' ;,,t ;.„g=;.` N j ytiE3.p:,t�NOsl7 �'':�.r 'j 1 `:.The King*Counryjl.Eie e•.i1 • rido"s SU',errintenderit.is , _heretiy,'rreg Tested:to<'concur � te,—,`'the:?.finding'',;i3Of sii,ct•,.: 'eriiergencys"and.to,call;,and`. • ,, conduct'tsuc •'spec al;'elec= \t on.in'the f ari a required t. law 7tiet-;city`.Clerk stiallz 1 d liver'to,the'King;County t^Electiof',•Supenntendent;at i." • 4 least fo►ty-five days-Prior.to.' '•the requested;election:date„ • a certirfied cgpy of<<this ord.. S-,:�a.> trowin assa,A611 n"aiice,s 3 guts:p 9. Viand,l tiding the t allot;.titleri ierein set'forth: ,:y;:;i i, SEC71QNr•;V,iV+This',Orrdi' nence;shall:be,effect•ive up;;I. •a'e; royal and.. on`:iispas g aRP • •' ' s"after ublication 1i five.,day. i t iP_ f , ef s PASSED 6Y,THE GI1Y CQUNCII h•is>23'drilay totf' '1 FJuly, 979:.: '•is ,"+:ii,,, ',1�•+"� '1• •;.k*-i='Deloies.I11 Mead-f ! '•' Cle.k�i -'.;_,• � ;. ;-;<-„City,• .H 1 ` -•APPROVED=BY,;fi E;t•, MAYOR t Is: L3Fd•x_•day;of ''.'I'.1979 1r'x..:`..i,a„ ,>,l, • ~- '' tau"rend; Charies._J'De ip - •x;;• '. •:,:,:�, ,Mayo;, •Approved as,.to form.;' - -- • Lawrence aaVilarreh1, ::`•-, ;. :'city"Attoomey-'•. ,• . . .,.'_, P blistied'ii itli'e Daity Re.'t. .'cord.Chroriiele-:August;:1:-' >1979i,.R5720 4'i k;s , , ;• %;: 3 • CITY OF RENTON, WASHINGTON ORDINANCL NO. 3350 AN ORDINANCE of the City of Renton, Wash- ington; relating to improvements at the Gene Coulon Memorial Beach Park and amending Ordinance No. 3336 passed and approved July 23, 1979, as amended by Ordinance No. 3343 passed and approved August 6, 1979. THE CITY COUNCIL OF THE CITY OF RENTON, WASHINGTON, DO ORDAIN as follows: Section I. Section III of Ordinance No. 3336 passed and approved July 23, 1979, is amended to read as follows: • Section III. The general obligation bonds herein authorized to be issued shall be serial in form and shall bear interest at a maximum effective rate not to exceed 8% per annum, which except for the first interest coupon shall be payable semiannually, and shall mature in from two to not more than twenty years from date of issue, the life of the improvements to ' be acquired by such bonds being at least twenty years, in such amounts as nearly as practicably annually as will result in a difference of not more than $5, 000. 00 between the highest and lowest annual payment of principal and interest, excluding the first two years from date Of issue, computed on such anticipated effective interest rate as the City Council of the City shall in its discretion determine will be borne by such bonds and shall be paid by annual tax levies sufficient in amount to pay both principal and interest when due, • which annual tax levy shall be made without limitation as to rate or amount, and the bonds shall so provide. The bonds shall be redeemable at the option of the City at such times as shall be hereafter determined by ordinance. The date of issue, interest ,rate or rates, maturities, form and covenants. of such bonds shall be hereafter fixed by ordinance of the City Council of the City, and the bonds shall be issued and sold when the proceeds thereof may be required. Section II: Section IV of Ordinance No. 3336, as amended by Ordinance No. 3343 passed and approved August 6, 1979, is amended to read as follows: Section IV. The City Council finds that an emergency exists requiring the construction, installation and improvements of the Gene Coulon Memorial teach Park, and that as a result of the existence Of such emergency, it is necessary to call a special election and a special election is, therefore, hereby called to be held in the City of Renton as provided by law on the 18th day of September, 1979, in connection with the primary • election to beheld on the same date, at which time there shall be submitted to the qualified voters of the City for their ratification or rejection , the• following proposition in the form • of a "ballot title" as follows: -2- 0 . • • • Shall Ordinance No. 3336 passed and approved July 23 , 1979, as amended, providing for the borrowing of $7, 825, 000. 00 and issuing and selling general obligation bonds therefor for the purpose of developing and extending the Gene Coulon Memorial Beach Park, such bonds to mature in from two to not more than twenty years from date of issue and to be payable from unlimited annual property tax levies, be ratified or rejected? Ordinance and Bonds YES %7 Ordinance and Bonds NO a Section III. This Ordinance shall be effective upon its passage, approval and five days after publication. PASSED BY THE CITY COUNCIL this 20th day of August, 1979. DELO A. MEA , Ci y Clerk APPROVED BY THE MAYOR this 20th day of August, 1979. C CHARLE . DELAURENTI, Mayor Approved as to form: Lawrence J. Warren, City Attorney Date of Publication August 24, 1979 -3- THE CITY OF RENTON zc MUNICIPAL BUILDING 200 MILL AVE. SO. RENTON, WASH. 98055 CHARLES J. DELAURENTI , MAYOR DELORES A. MEAD 0 A0 e• CITY CLERK ��TEO SE P1*-vO MEMORANDUM TO: Mayor. City Attorney Finance Director Park Director Council President Planning Director Public Works Director FROM: Del Mead, City Clerk DATE: August 20, 1979 SUBJECT: G.O. Bonds Gene Coulon Park Attached for your information is a list of validation requirements for September 18th election ballot issues, including Renton's Gene Coulon Memorial Park Bond Issue. • • • • VALIDATION REQUIREMENTS 1�1�19202 46. �� SPECIAL ELECTIONS IN CONJUNCTION WITH THE PRIMARY ELECTIO N RE e jf49 79 AEI SEPTEMBER 18, 1979 • 4 ut Rkf�"4 /�0N cQ s o 0r��'CU Total Vote 40% of 60% of Nov. 7, 1978 Nov. 7, 1978 40% KING COUNTY G.O. Bonds 350,343 140,138 ' CITY OF SEATTLE Proposed Charter SIMPLE MAJORITY Amendment CITY OF ENUMCLAW* Tax Levy 1 ,355 542 326 'CITY OF RENTON G.O. Bonds 6,687 2,675 1605 CITY OF SNOQUALMIE Tax Levy • 252 , 101 61 FIRE DISTRICT NO. 10 Authorizing Property SIMPLE MAJORITY Tax Levy FIRE DISTRICT NO., 28 Tax Levy 1 ,392 557 335 FIRE DISTRICT NO. 46 Authorizing Property SIMPLE MAJORITY Tax Levy. FIRE DISTRICT NO. 47 Tax Levy 103 42 '26 WATER DISTRICT NO. 4 Proposed Merger • SIMPLE MAJORITY with Water District No. 75 CEMETERY DISTRICT NO. 1 Authorizing Property SIMPLE MAJORITY Tax Levy • All propositions require a 60% approval , except those noted "Simple Majority". If the total votes cast on tax levy propositions should be less than the present %40 minimum requirement but have an affirmative number of votes equal 'or greater than 60% of the minimum validation number, the proposition would pass. *The passage of this proposition is contingent upon the passage of the proposition in FIRE DISTRICT NO. 28. Prepared For: Clint G. Elsom Manager of Records and Elections By Donald R. Perrin Superintendent of Elections 'r‘u ' I 131 a Renton City Council I 8/13/79 Page 3 CONSENT AGENDA The following items are adopted by one motion which follows the items included. Claim for Damages- Claim for Damages filed by Michael Paddock, 11213 So. Lakeridge Michael Paddock Dr. , Seattle, for alleged damage to picnic from sprinklers being turned on!. Refer to City Attornle and Insurance Carrier. Claim for Damages- Claim for Damages filed by Marilyn Sue Lovell , 1204 147 Ave. SE, Marilyn Sue Bellevue,! for alleged damage to car due to rut on edge of roadway. Lovell Refer to City Attorney and Insurance Carrier. Vacation of Petition ' filed by Michael Mastro requesting vacation of right- Right-of-Way of way. Located west of Union Ave. and south of NE 4th St. , formerly VAC-15-79 'known as SE 128th. Refer to Public Works Dept. for validation, Mastro Board of Public Works re easements and fees, Tranportation Committee Public Hearing and Ways and Means Committee for resolution setting September 17, 1979 9/17/79 as public! hearing. Concur. VAC-15-79. Street Vacation Petition ! filed by David A. Sabey requesting street vacation of VAC-16-79 portion of SW 12th St. West of Oaksdale Ave. SW. Refer to. Public Sabey Works Dept. for validation, Board of Public Works re easements and fees, Tranportation Committee and Ways and Means Committee for Public Hearing resolution setting September 24, 1979 as public hearing. Concur. 9/24/79 VAC-16-79. Consent Agenda MOVED BY SHANE, SECOND SHINPOCH, TO ADOPT THE CONSENT AGENDA AS Approval SHOWN. CARRIED. CORRESPONDENCE AND CURRENT BUSINESS 1978 Pedestrian Letter was read from Bruce D. Olsen, Public Relations/Safety Safety Citation Department, of the American Automobile Association presenting the City. of Renton with AAA's Pedestrian Safety Citation for the past 3 years without a pedestrian death. A plaque was. presented. SW Victoria St.- Letter was read from Kathryn Kaczmarek requesting council Street Vacation reconsider its previous decision setting a fee of $5. 10/sq. ft. VAC-12-79 "II Fee ; for street vacation of a portion of SW Victoria St. VAC-12-79. Reduction Request MOVED BY SHINPOCH, SECOND SHANE TO REFER TO THE PUBLIC WORKS , DEPARTMENT FOR RECOMMENDATION. CARRIED. NEW BUSINESS . Gene Coulon Park Followingidiscussion it was MOVED BY STREDICKE, SECOND SHANE, Bond Issue COUNCIL GO ON RECORD REAFFIRMING GENE COULON PARK BOND ISSUE' ON A TWENTY (20) YEAR PERIOD OF TIME. CARRIED. ADJOURNMENT MOVED BY STREDICKE, SECOND SHANE, MEETING ADJOURN. CARRIED.; 10:25 P.M. AILI,Mi L[. Delores A. Mead, C.M . City Clerk l \ 1 iXP111 3 CITY - R NTON BATE 8/1 , /79 WARRANT JIST,:IBJTION FUND TOTAL WARRANTS MACHINE VOIDS: NO.24268 - 24272 CURRENT $217, 355,57 PARKS $190040159 ARTERI L STREETS S21, 894119 STREET $9, 390!74 I LIBRAR 1 $9, 312.48 I COMP E P TR ACT $710'46 STREET FORWARD THRUST ;$938162 ' L WASH. BCH. FWD THRUST 1;300, 00 CEDAR 'IIVER TR CONST $96, 92201 1 SENIOR CIT CENTER CONSTR $41!1895117 wATERwsRKS UTILITY $72, 02,08 AIRPORT $24, 268, 40 1975 WIb S CONSTRUCTION $400!90 TALBOT ,:PUMP STA CONST S2, 675100 1 EQUIPMENT RENTAL $11'4189, 75 UNEMPLOYMENT COMP, S148, 25 TOTAL ' F ALL WARRANTS $528, 835111 WU/ THE UNDERSIGNED MEMBERS OF THE WAYS AND MEANS COMMITTEE OF THE . RENTON ' ITY COUNCIL, HAVIN3 RECEIVED DEPARTMENTAL CERTIFICATION THAT . MERCHANiISE AND/OR SERVICES HAVE BEEN RECEIVED OR RENDERED, DO HEREBY ' APPROVE FOR PAYMENT VOUCHERS NU. 24273 THROUGH NO. 2.4497 IN THE AMOUNT ' OF S128, 835 , 11 THIS 13TH DAY OF AUGUST 1979• OPP '°1 COMMITTII�E CHAIRMAN MEMBER 4 . II. L.I.D.,�#302 �� I - .. is i• ,.5 REVENUEMEMBER10; -WARRANT R-41 $257,545.65 CASH W RRANT C-98 $244,895.03 CASH W�RRANT C-99 $ 12,650.62 L.I.D.#307 REVENUE WARRANT R-6 $1,557.90 CASH WARRANT C-7 $1,557.90 I q 11 r?4, (ge ,v_-.4) 01PAAPV E)4*L4/ 4.4-4,4A.A./ Renton City Council 8/6/79 Page 3 ' Ordinances and Resolutions Continued First Reading Grady Way on the south and the Milwaukee Road on the north and Ordinance R-328-79 proposed P-1 channel (includes Earlington Golf Course area) . First City MOVED BY CLYMER, SECOND SHINPOCH, REFER ORDINANCE BACK TO. THE Equities WAYS ANDjMEANS COMMITTEE FOR ONE WEEK. CARRIED. First Reading An ordinance was read confirming final assessment roll for, LID #309 Final LID #309, undergrounding in the Monterey Terrace area. MOVED Assessment BY CLYMER, SECOND TRIMM, REFER BACK TO THE WAYS AND MEANSiCOM- MITTEE FOR ONE WEEK. CARRIED. Ordinance #3343 The committee recommended first reading, suspension of rules Beach Park Bond and final readings on ordinance amending the Park Bond Ordinance Ordinance Amended adopted 7/23/79 by amending ballot title. MOVED BY PERRY, !SECOND (#3336) SHANE, CONCUR IN RECOMMENDATION. CARRIED. Following reading, it was MOVED BY CLYMER, SECOND PERRY, ADVANCE THE ORDINANCE TO SECOND AND FINAL READINGS. CARRIED. Following readings, it was MOVED BY! CLYMER, SECOND PERRY, ADOPT AS READ. ROLL CALL:', 1ALL AYES. CARRIED. The report recommended the following resolutions for adoption:, Resolution #2286 A resolution was read transferring funds in amount of $5,403.45 Fund Transfer to provide payment for trash receptacles. MOVED BY CLYMER; Trash Receptacles SECOND SHINPOCH, ADOPT THE RESOLUTION AS READ. CARRIED. ' I. 1 Resolution #2287 A resolution was read declaring the structure located at 1025 Historic' Building S. 3rd St. a historic building which was built in 1898 as a power sub-station by the Snoqualmie Falls Power Co. This in accord with Uniform Building Code, 1976 Edition'. MOVED BY '' CLYMER, SECOND STREDICKE, ADOPT AS READ. CARRIED. CON' ENT ,AGENDA The following items are adopted by one motion which follows the items included. 1 ! Damages 'Claim Claim for Damages was filed by Charles Hocking Jr. , 2920 NE 4th, in amount of $840.93 for damage to property for automobiles failing to negotiate turn and cost for construction of wall, . Refer tolCity Attorney and Insurance Carrier. p I Police Travel Letter from Police Chief Darby requested advance travel and authorization for Detective R. Fritsvold to attend 30th Annual Safe and;;Burglary Conference in Springfield, Ore. 9/18 thru 9/21/79. 1 Concur. Funds budgeted. Fund Appropriation Letter from Public Works Director Gonnason requested appropriation Light Standard of funds received from McNeill Construction, Inc. in amount of $1 ,614 for relocation of a street light standard at 230 Rainier Ave. S. 1Refer to Ways and Means Committee. Final Plat Hearing Examiner's recommendation for approval with conditions Koll Int,ereal NW ' for Koll Business Center, Koll Interreal Northwest Final Plat FP 362-79. Refer to Ways and Means Committee for resolution. Latecomer Letter from Richard C. Houghton, 1032 Shelton Ave. NE, requested Agreement Request latecomer agreement for improvements installed at Kefer Short Kefer Shprt Subdivision. The letter noted property lying to the east of Subdivision Garden Court N. can benefit from the improvements: road, storm drain, water main, hydrant and power. Refer to Utilities' Committee. Consent Agenda MOVED BY !CLYMER, SECOND PERRY, ADOPT THE CONSENT AGENDA AS Approved SHOWN. (See Page 1 for Rosalie Lobe letter. ) CARRIED. CORRESPONDENCE AND CURRENT BUSINESS Cabaret 6rdinance Letter from Mayor Delaurenti requested referral of the Cabaret Ordinance, Code Section 5-3110, for consideration and possible revision.; The letter explained Police inspect all cabarets, each month and furnish report to Council ; that one officer spends two days with vehicle per month. The letter noted agreement 1 Renton'City Council _ - 8/6/791 . Page 4 Corres,00ndence and Current Business - Continued Cabare Ordinance that monthly inspection not necessary. MOVED BY STREDICKE, Continued SECOND SHINPOCH, CONCUR IN REQUEST AND REFER TO THE WAYS AND MEANS COMMITTEE. CARRIED. City Slops Letter from Public Works Director Gonnason explained negotiations Negotiations with King County for Tease or purchase of properties easterly of the new King County Shop facility in the Renton Highlands j (area adjacent to transfer station) . Letter from King County Real Property Division included with appraisal in amount of $435,600. Gonnason explained the site was recommended ey the City' Council for the new shops and authority was granted by the Council for preliminary acquisition procedure. Thelletter recommended that (1 ) Administration be authorized to proceed with long term lease of 40 yrs; (2) Council grant authority to proceed with selection of architect for preliminary design and estimates of construction for consolidated.shop facility, which would include Utilities Shop as programmed in the Water and Sewer Bond Issue of 1975, along with Street Dept. Maintenance Shops and Equipment Rental Maintenance Shops. The letter suggested bond issue for financing be considered; continue efforts for purchase of site; lease expires 6 30 80 and rent increase antici Water Shop 1 ated.s p / / P MOVED BY SHINPOCH, SECOND CLYMER, REFER SUBJECT TO THE COMMITTEE OF THE WHOLE FOR SEPTEMBER 13, 1979 MEETING. CARRIED. Added agenda Letter from Marion Mayer, 11840 SE 192nd, thanked the Renton Item 1 Parks Department on behalf of the retarded for the very fine Parks Department programs and fine treatment by Staff. The letter explained Commended how. her,, son Michael looks forward to each event. MOVED BY STREDICKE, SECOND CLYMER, REFER LETTER TO THE PARK BOARD AND PARK DIRECTOR. CARRIED. NEW BUt.INESS Mayor Delaurenti announced an international group of engineers Federa Hwy Com. would be visiting the City's Traffic Engineering Department Sponso1ed August 13, at 2:00 p.m. to view computer traffic system The group -is known as the Organization for economic Cooperation and Development and was likened by Mayor Delaurenti to NATO, he to be Italian interpreter. West H ' 11 For clarification Councilman Stredicke restated motion of 7/23/79 Compre ensive Plan rejecting that part of the Planning Commission recommendation and Zo° ing designating multiple family area on West Hill of Renton so that (See P.ge 1 7/23/9 West Hill would show single family and green belt on the Compre- Counc 1 Minutes) hensive Plan; to eliminate any multiple use on the Comprehensive Plan for West Hill . Councilman Stredicke then called attention to motion (7/23/79 Page 2, Paragraph 3) referring the matter of zoning on West Hill to the Planning Department, likening Council action to previous action taken for Renton Hill . Stredicke requested Mayor Delaurenti to direct the Administration to start preparing material for an actual rezone request to be considered by the Hearing Examiner to consider rezone of areas that would be in conflict with the new Comprehensive Plan. Councilman. Shane asked for further clarification and City Attorney Warren confirmed West Hill action was indeed like Renton Hill action, first the Comprehensive Plan changed, then individual parcels considered for rezone - zoning stays the same unless changed by Council follow- ing public hearing and recommendation by the Hearing Examiner; he also noted down zone requirements more stringent than up zoning, must show change in circumstances. Award or Park Councilman Stredicke requested Administration to reviewmthe award received by Wilsey and Ham and The Boeing Company for Linear Park, asking the City give recognition to encourage business and industry. AUDIEN E COMMENT Sandy Webb, 264 Chelan Ave. , urged the City to enforce the Sign Code concerning political signs. Alice Morgan, 13612 SE 128th, called attention to dirty ,city and asked for Clean Up Week as done previously with City truck removing debris. Mayor Delaurenti noted expense of removal and explained: the new policy to allow some burning-by permit. ADJOU' MENT MOVED BY STREDICKE, SECOND SHINPOCH, MEETING ADJOURN. CARRIED. 10:05 p.m. f` I 1 Records&Elections Division '` . King County,state of Washington:," i.' Clint G. Elsom,Manager John D.Spel�mon,County Executive's--_ 553 King County Administration,Building 500 Fourth Avenue , :Department of Executive Administration ." (206) 344-2565,- Elections Donald G.Phelps,Director - ! (206)..344-528_2 - Registrations • II MEMO TO: City Clerk 1 ' j City: of Renton FROM: Donald-;;R: %Perr.in >.'''Superintendent: of Elect:ionS , DATE: August .''10,:. .1i979- • Enclosed please find' an. .Order _of,',Election for the City .of Renton, This is to acknowledge'r;recei pt of your„resolution:Calling for a 1 • Sped•a1 Election"to,'be.; held in conjunction with the.;P.rimary Election.,-_, on September 18;; .1.979. ; The i bal lot title„and text of the proposition i s that -which will appear on the ballot for the'. election If ,you .have any questions regarding-,-. 1 the'1titie ,and/or text, 't,please contact;:this ,office. immediately upon- . 11, L, : i, I i . : receipt of this memorandum . , ' - Thank you for. 'your.. assi`stanceo_ I il, ENC.I� !I 1 . I i . - °;` - ttJf7979 :.: • t ,. CtrY of RENTO V ' `- I . 1 I,,: ti v. , ,' C.... :. OFFECE '-, I - 1 ., - ji ., ' ::,...ii ;i:2 :', ...: .:::::::1: ,..''..;:-.1,..:,.),.,.:.::,1::::1,'..!'::-:-...,.., .: :','...:-..!:,:'''..:'''''':•-•-. .,:: . : :,:'...--";:;12•1:::-.....::' :'. ..: '.- : : :--:: ', :'1, ' : ,-'. - I * .. .,. , AN ORDER .or THE MANAGER OF RECORDS & ELECTIONS , AS SUPERVISOR OF ELECTIONS • :,„„, :, - WHEREAS, on August 9, 1979, the. City Council of :the City of Renton, King County; Washington, did present their Ordinance No. 3343, dated August 6, 1979, wherein they reO0est 'a Special 'Election ,be held for the , submission to ;the qualified electors of'said city ,of a general obligation bond issue in the amount of $7,825,000.00; and - - ' • \ WHEREAS; said City Cquncil finds that an emergenCY- exists and requests that said Special Election be, held in conjunction with the Primary Election on September 18, 1979; and .., WHEREAS, said Ordinance- prgvides;, th'e ballot title of said propositorr, , . . NOW, THEREFORE, BE IT ORDERED by the Manager of Records and Elections, as Supervisor of Elections, that I. do hereby concur in said request • for a Special' Election to be ,held in conjunction with the Primary i Election ori .Sep,tember 18, 1979, for the purpose of submitting to the qualified electors of .said city„ of- the following propositon: ,‘ • ' PROPOSITION • CITY OF RENTON BONDS FOR EXTENDING THE GENE_ COULON MEMORIAL BEACH PARK - $7;825 -iboc,.oo Shall ,Ordinance No. 3336 •passed and, approved July 23, * . . 1979; as ,amended, Providing for the borrowing of $7,825,000.:00 and issuing and selling general obligation - , bonds therefor 'for the purpose of developing and _ -extending the Gene ;Coulon Memorial Beach Park, such bonds to ,matureln froni-tl'oio to. not more than` 20 years from date of issue and to be. payable, from unlimited annual property tax levies, 'be ratified or , - rejected?- ''. • - , , . „., , . . , ORDINANCE & BONDS, YES .r . - ORDINANCE & BONDS, NO i.-. Dated at Seattle, Washington, :this 9th day of ,August, 1979. .• _, ____„,-----'--------- - . Clint G. El som . Manager of Records and Elections ( . as Supervisor of Elections -.iN. . Aliq1978 L ' ' '' . ' • ' i, ILr) R E C F. Vr D.'• ''':'i . ' '' '' -:' __ I CITY,0,RENTON r\) :. :-- ' . • •: ' _ CLERK'S OFFICE A,1-, ,,'..1*- .`. ,:,-•-• ' , , ... .. , i,,,, .. ,, , , ,-, ..• -..!, • „ , , • , , , , . THE CITY OF RENTON c.J tar.6 44— r MUNICIPAL BUILDING 200 MILL AVE. SO. RENTON,WASH. 98055 • • a ° CHARLES J. DELAURENTI, MAYOR ® DELORES A. MEAD 9A (o' . CITY CLERK (, 0 fD SE PT�v�� • August 8, 1979 • Mr. Donald R. Perrin, Superintendent of Elections • 553 King County Administration Bldg. Seattle, WA 98104 RE: Gene Coulon Park Bond Issue, September 18, 1979 Ballot • Dear ,Mr. Perrin: • • • We are in receipt of your letter, dated August 7, acknowledging City of Renton Ordinance No. 3336 calling for a Special Election concurrent with the Primary Election on September 18, along with "Order of Election" . Pursuant to. our 'telephone conversation we forward request for correction . to the ballot text of amending Ordinance No. 3343 as regards the number of years the bond issue is to run, to be changed from fifteen years to twenty' years. Our bond attorney,_ Jim Gay, has advised the original text was legally deficient. Many thanks for your helpful courtesies. • Sincerely, CITY OF RENTON _/ c , ted, Q .4Z Delores A. Mead, C.M.C. City Clerk DAM/st CC: Park Dept. • Mayor Council President Finance Director . FiM 6 ja4D CITY OF RENTON, WASHINGTON ORDINANCE NO. 3343 AN ORDINANCE Of the City of Renton; Wash- . ington, relating to improvements at the Gene Coulon Memorial Beach Park and amending . Ordinance No. 3336 passed and approved July 23, . 1979. THE CITY COUNCIL OF THE CITY OF RENTON, WASHINGTON, DO ORDAIN as follows: • Section I. Section I of Ordinance No. 3336 passed and • approved July 23, 1979, is amended to read as follows: ' • Section I. The City of Renton, Washington shall ' construct recreational facilities including boat launch, fishing pier, trails, day moorage, parking, floating structures, and other equipment and materials incident thereto at the Gene Coulon Memorial Beach Park, the estimated cost of which is hereby declared to be as nearly as may be the sum Of $7 ,825, 000. 00. Section II. Section IV of Ordinance No. 336 is amended to read as follows: Section IV. The City Council finds that an emergency exists requiring the construction, installation and improvements of the Gene Coulon Memorial Beach Park, and that as a result of the• existence of such emergency, it is necessary to call a special election and a special election is, therefore, hereby called to be held in the City Of Renton as ,provided by law on the 18th day of September, 1979 , . in connection with the primary 'election to be held on the same date, at which time there shall be submitted to the qualified voters of the City for their ratification or rejection the following proposition in the form of a "ballot title" as follows: Shall Ordinance No. 3336 passed and approved July 23, 1979, as amended, providing for the borrowing of $7,825, 000. 00 and issuing and selling general obligation bonds therefor for the purpose of developing and extending the Gene Coulon Memorial Beach Park, such bonds to mature in from two to not more than fifteen years from date of issue and to be payable from unlimited annual property tax levies, be ratified or rejected? Ratification of Ordinance No. 3336, as amended, and Bonds YES /7 Rejection of Ordinance No. 3336, as amended, and Bonds NO /7 Section V. This Ordinance shall be effective upon its passage, approval and five days after publication. PASSED BY THE CITY COUNCIL this 6th day of August, 1979. delft eb. et d DELORES A. MEAD'; City Clerk APPROVED BY THE MAYOR this 6th day of August, 1979. CHARLES . . DELAURENTI, Mayor Approved as to form: Lawrence J. Warren, City Attorney -2- U �i ', 7+ THE CITY .OF RENTON MUNICIPAL BUILDING 200 MILL AVE. SO. RENTON,WASH.98055 2 1 trt8 n - CHARLES.J.-DELAURENTI,MAYOR • DELORES A. MEAD Apo CITY CLERK C O,P4T fD SE PIc�O : August 3, 1979 Roberts, Shefelman, Lawrence, Gay & Moch Law Offices ' . 1818 IBM Building _ Seattle, WA 98101 ` ATTN: Mr. Jim Gay: RE: Gene Coulon :Memorial Beach Park Bond Issue Dear Mr. Gay: - , Per our recent' telephone conversation, please find enclosed a copy of Ordinance No. '3336 regarding the above captioned . ; If you have any questions, please feel free to call . • Yours very truly, CITY OF RENTON - - oaebtediqvizettd Delores A. Mead, C.M.C. „ City Clerk DAh1/st a • 0C 14' • 4 A ., 0 THE CITY OF RENTON , • G ® ' MUNICIPAL BUILDING 200 MILL AVE. SO. RENTON,WASH. 98055 n m CHARLES J. DELAURENTI , MAYOR • DELORES A. MEAD Apo co' CITY CLERK O,D-4.6 SE PI& • July 27 , 1979 • • King County Records and Elections Department . King County Administration Building Seattle, Wa. 98104 ATTENS • M.r. Don Perrin, Superintendent of Elections • Dear Don, . • • We 'hand you herewith two certified copies of City of Renton Ordinance No. 3336, "Gene Coulon Memorial Beach Park" General Obligation Bond issue in sum of $7, 825,000. 00 ' for September 18, 1979 Primary Ballot. Thanks for your courtesies in processing the matter. If further information is necessary please give us a call at 235-2500., Yours very truly, • • CITY OF RENTON 4b.s a. 7441-d Delores A. Mead CMC City Clerk DAM/db ENC. 2 1/4i 1/6Plegfte_AlerraY •��U SN0110312 Ci SUM ONM SE I WV O E TIP 6L6 C AIJ3� I . p • CITY OF RENTON, WASHINGTON • ORDINANCE NO. 3336 AN ORDINANCE OF THE CITY OF RENTON, WASHINGTON . • PROVIDING FOR THE EXTENSION OF GENE COULON MEMORIAL • BEACH PARK AND, THE 'CONSTRUCTION THEREON OF CERTAIN • RECREATIONAL FACILITIES INCLUDING BOAT LAUNCH, FISHING PIER, TRAILS, DAY MOORAGE, PARKING, FLOATING STRUCTURES, AND OTHER EQUIPMENT AND MATERIALS INCIDENT 'THERETO; DECLARING THE ESTIMATED. COST THEREOF AS NEARLY AS MAY BE; PROVIDING FOR THE BORROWING OF A TOTAL OF • $ 7,825,000. 60, AND.ISSUING AND SELLING NEGOTIABLE GENERAL OBLIGATION BONDS TO PAY THE COST OF SUCH CONSTRUCTION, SUCH BONDS TO BE PAYAELE BY ANNUAL TAX LEVIES, TO BE MADE WITHOUT- LIMITATIONS AS TO RATE OR. AMOUNT; DECLARING AN EMERGENCY; AND PROVIDING FOR THE SUBMISSION OF THE PROPOSITION OF INCURRING SUCH ' INDEBTEDNESS'AND ISSUING SUCH BONDS TO THE QUALIFIED VOTERS OF THE CITY AT.A SPECIAL ELECTION TO BE HELD THEREIN ON SEPTEMBER 18, 1979 IN CONJUNCTION WITH THE PRIMARY ELECTION TO BE HELD ON THE SAME DATE. WHEREAS the City is in urgent need of additional recreational facilities throughout the City, and particularly at Gene Coulon Memorial Beach Park, particularly considering the heavy usage of that Park, and the City does not have available sufficient funds to meet the estimated costs of such construction, and WHEREAS the assessed valuation of the taxable property of ' the City of Renton as ascertained in the last assessment for City purposes for the calendar year 1979 is $800,098,028.00 and at the time of the passage of' Ordinance the existing outstanding general indebtedness of the City consists of $1,503,128.43 par value of general obligation bonds issued within the limit of the 3/4 of 1% of the value of taxable property within the City.permitted without a vote of electors, and no general obligation bonds issued within the limit of 2 1/2% of the value of taxable property within the City. permitted pursuant to a vote of the electors within the City for general municipal capital purposes, and the amount of the . indebtedness for which bonds are herein authorized to be issued is $ 7,825,000.00 ; now' therefore ' THE CITY COUNCIL OF THE CITY OF RENTON, WASHINGTON DO ORDAIN AS FOLLOWS: -1 • - SECTION I: The City of Renton,.Washington, shall construct recreational facilities including boat launch, fishing pier•, trails, day moorage, parking, floating structures, and other equipment and materials incident thereto, the estimated cost of which is hereby declared to be as nearly as may be the sum of $7,825,000.00 SECTION II: The City of Renton, Washington, shall borrow the sum of $ 7,825,000.00 on the credit of the City and issue and sell its negotiable general obligation bonds therefor for strictly municipal capital purposes other than the replacement of equipment, to-wit: for the purpose of providing the funds required to carry -- out the construction and improvements specified in Section I hereof. SECTION 'III:1 The general obligation bonds herein authorized to be issued shall be serial in form and shall bear interest at a maximum effective rate not to exceed 8% per annum, which except for the first interest coupon shall be payable semiannually, and shall mature in from two to not more than fifteen years from date of issue, the life of the improvements to be acquired by such bonds being at least fifteen years, in such amounts as nearly as practicably annually as will result in a difference of not more than $5,000.00 between the highest and lowest annual payment of principal and interest, excluding the first two years from date of issue, computed on such anticipated effective interest rate as the City Council of the City shall in its discretion determine will be borne by such bonds and shall be paid by annual tax levies sufficient in amount to pay both principal and interest when due, which annual tax levy shall be made without . limitation as to rate or amount, and the bonds shall so provide. The bonds shall be redeemable at the option of the City at such times as shall be hereafter determined by ordinance. The date of issue, interest rate or rates, maturities, form and covenants of such bonds shall be hereafter fixed by ordinance of the City Council of the City, and the bonds shall be issued and sold when the proceeds thereof may be required. -2- • ' SECTION IV: The City Council finds that an emergency exists requiring the construction, installation and imprc► emlts of the Gene Coulon Memorial Beach Park, and that as a result of the existence of such emergency, it is necessary to call a special election and a special election is, therefore, hereby called to be held in the City of Renton • ' as provided, by law on the 18th day of September, 1979, in connection with the primary election to be held on the same date, at which time there shall be submitted to the qualified .voters of the City for • their ratification or rejection the following proposition in the form of a "ballot title" as follows: . Shall the City of Renton, for the purpose of • • developing arid extending the Gene Coulon Memorial Beach Park, borrow $ 7,825,000.00 and issue . negotiable bonds therefore'( • • YES / / NO T 7 • • The King County Elections Superintendent is hereby requested to concur in the finding of such emergency and to call and conduct such special election in the manner required by law. The City Clerk shall deliver to the King County Election Superintendent, at least forty-five days prior to the requested election date, a certified copy of this ordinance showing its passage and including the ballot title herein set forth. SECTION:':V: This Ordinance shall be effective upon its passage, approval and five days after. publication. PASSED BY THE CITY COUNCIL this 23rd day of July, 1979. a• Delores A. Mead, i y 'CYerk APPROVED BY THE MAYOR this 23rd day of July, 1979. : . � ' Charles .Y/ Delaurenti, Mayor Approved as to orm: _.y p • Lawrence J. Wa en, City Attorney Date •of Publication: July 27, 1979 PARK BOARD ISSUE INFORMATION Debt Service For Proposed Park ,Bond Issue Assessed Valuation First Year Years 2-20 $20,000 ( .53/1000) ' $10.60 (.79/1000) $15.80 $30,000 $15.90 " $23.70 $40,000 $23.60 $31 .60 $50,000 $29.50 " $39.50 $60,000 $35.40 $47.40 Voter Information: Number of votes required to val1idate - 2,675 Number of yes votes based on the above - (60%) 1 ,605 Ordinance and ballot title must, be submitted to the King County Election Department by: August 3, 1979 for the Primary Election, September 18, 1979. September 21 , 1979 for the General Election, November 6, 1979. Items to consider in determining whether to submit at the Primary or General Election: a. The turnout required will, be small as 11/78 election was small . b. According to Don Perrin, K.C. Election Supt. , whether or not a bond issue passes depends on the Economic Climate rather than which election. He has made a thorough study of this subject. c. There is the possibility that the Primary Election could be a weak election if only two persons file for several of the positions, then that position would notbe on the ballot. d. With a lot of publicity for the issue and a smaller turnout such as at the Primary, those persons favoring the bond issue would turnout. Sometimes at the General , especially as this time with state issues, a larger portion of those people who vote NO on every bond issue will come to the polls, when those persons would not bother to vote at a Primary. • Renton tity Council J/23/79 Page 2 PUBLIC HEARING - Continued' Comprehensive Plan MOTIONICARRIED. . MOVED BY STREDICKE SECOND SHINPOCH, MATTER OF and Zoning for COMPREHENSIVE .DESIGNATIONS BE REFERRED TO THE WAYS AND MEANS West Hill Area COMMITTEE FOR ORDINANCE. CARRIED. (Time 9:25 p.m.) Recess MOVED BY SHINPOCH, SECOND SHANE, THE COUNCIL RECESS. CARRIED. 9:27 plm. Council reconvened at 9:37 p.m. Roll Call : All present as previously shown except Councilman Shane who returned at 9:50 pm. West Hill Zoning MOVED BY STREDICKE, SECOND SHINPOCH, SUBJECT MATTER OF ZONING IN THE WEST HILL AREA BE REFERRED TO THE PLANNING DEPARTMENT. CARRIED. AUDIENCE COMMENT VersieVaupel 221 Wells Ave. N. , recalled North_:Renaonre'sidents . North Renton request of the Planning Commission for restudy of Comprehensive Building Plan concerning high density for the North Renton area mirth of Moratorium Cedar River and west of Park Ave. N. Mrs. Vaupel requested an Requested immediate building moratorium, having talked to Commission Chairman Mike Hanis. MOVED SHINPOCH, SECOND TRIMM, SUBJECT OF MORATORIUM BE REFERRED TO THE PLANNING AND DEVELOPMENT COMMITTE4, CARRIED. Mrs. Vaupel noted low water pressure in the North Rentonlarea and inquired of zoning allowing duplex to be built. Mayor Delaurenti noted he would obtain zoning information as requested. Councilman Stredicke noted the zoning for area was accomplished in 1967. I it MOVED BY PERRY, SECOND PROCTOR, SUSPEND THE RULES AND READ CORRESPONDENCE' AGEN* ITEMS 9.a. AND 9.c. MOTION CARRIED. Lake View Towers Letterlfrom L. J. Dixon, Project Manager of the Lake View Water Line TowerslAssociation requested a developers agreement for, future L.C.A.G. reimbursement of installation costs on the 8. inch water; mains installed along NW 2nd P1 . and Hardy Ave. SW - 10 year time period requested from date water lines placed into service. Areal resident, R. Little, 264 Maple NW, requested residents not pay for water line needed by developer. MOVED BY PERRY, SECOND TRIMM, CONCUR IN RECOMMENDATION AND AWARD TEN YEAR LATE COMER'S AGREEMENT AND REFER TO THE WAYS AND MEANS COMMITTEE, THAT THERE-BE NO1COST TO PEOPLE THAT DON'T NEED SERVICE. SUBSTITUTE MOTION BY STREDICKE, SECOND SHANE, REFER REQUEST TO THE UTILITY COMMITTEE FOR REVIEW AND REPORT BACK. SUBSTITUTE MOTION CARRIED. Gene Coulon Letter from Park Director Webley and Park Board Chairwoman Joan Memorial' Beach Moffatt! submitted a proposal for the development of Gene Coulon Park Bond Issue Memorial Beach Park Addition which would include major improve- ments to expand boat launch, day moorage, increase parking, rest- rooms, trails, waterfowl habitat, multi-purpose center, fishing piers, maintenance facilities, improved access, landscaping, irrigation and shoreline stabilization and improvement, etc. The development covers 31 acres in the project with 1 .05' miles of shoreline and reported total cost of project $7,825,000 which includes $3,581 ,391 marine work; $2,678,550 site development; $1 ,565,059' design. fees, tax, contingency. The letter noted three years.planning includes community input through .surveys and public meetings; the firm of Jones and Jones, Seattle, having served as consultant on the project. The letter recommended funds be raised through a bond issue submitted at the 1979 Primary Election which would require adoption of authorizing ordinance at the 7/23 meeting. MOVED BY PERRY, SECOND PROCTOR, CONCUR IN THE RECOMMENDA- TION OFjTHE PARK BOARD AND PLACE BOND ISSUE ON THE SEPTEMBER PRIMARY ;BALLOT IN AMOUNT OF $7,825,000 AND. REFER TO WAYS ,AND MEANS COMMITTEE. Following discussion, MOTION CARRIED. Ordinance #3330 , Councilman Perry submitted ordinance for reading which provided for Authorizing , the extension of Gene Coulon Memorial Beach Park and construction Issuance and of recreational facilities at estimated cost of $7,825,000 and Sale of Park issuance and sale of negotiable general obligation bonds to,pay Development Bonds the costs, and providing for submission of the proposition at a Special Election to be held in conjunction with State Primary Election19/18/79. Following reading, it was MOVED BY PERRY, SECOND PROCTOR, SUSPEND RULES AND ADVANCE ORDINANCE TO SECOND AND FINAL READINGS. CARRIED. City Clerk Mead read ordinance.11 MOVED BY PERRY; SECOND SHANE, ADOPT THE ORDINANCE AS READ. ROLL !CALL: ALL AYES. CARRIED. I RENTON CITY COUNCIL Regular Meeting Juily123 , 1979 Municipal Building Mond' y; : 8: 00 P . M. Council Chambers MINUTES CALL 0 ORDER Mayor Charles Delaurenti led the Pledge of Allegiance to the flag and:- called the Renton City Council meeting to order. ROLL TALL OF BARBARA Y. SHINPOCH, Council President; CHARLES F. SHANE, THOMAS COUNCILL W. TRIMM, GEORGE J. PERRY, MARGARET L. PROCTOR AND RICHARD M. STREDICKE. MOVED BY SHINPOCH, SECOND SHANE, COUNCIL EXCUSE f ABSENT COUNCILMAN EARL CLYMER. CARRIED. MINU E APPROVAL MOVED BY SHINPOCH, SECOND SHANE, APPROVE COUNCIL MINUTES OF JULY 16, 1979 AS PREPARED. CARRIED. PUBL C HEARING This being the date set and proper notices having been posted, Final; Assessment published and mailed according to law, Mayor Delaurenti opened L.I. ��. #309 the public hearing to consider the final assessment roll of LID Undergrounding No. 309 for construction and installation of underground power Mont:Frey Terrace and utility lines in the vicinity of Monterey Terrace; (east of FAI 405 and north of Maple Valley Hwy) ; final roll in amount of $61 ,279.60. Letter from A.A. Pantier, 176 Monterey P1 . NE, objected to the assessment until 6 ft. wire sticking out of the ground is removed and complained of four dead junipers resulting from trenching. Public Works Director Gonnason explained the project with individual assessment of $914.62 each property owner; also that Pantier complaint not previously known. MOVED BY PERRY, SECOND STREDICKE, ADMINISTRATION REVIEW, CORRECT AND REPORT BACK ON COMPLAINT FILED BY A.A. PANTIER. CARRIED. Jay Holmes, 150 Capri NE, reported he has been project coordinator and would handle complaint from Mr. Pantier. Mr. Holmes thanked Mayor and Council for cooperation on this L.I .D. , noting costs have been greatly reduced and homeowners grateful . MOVED BY SHANE, SECOND TRIMM, CLOSE THE PUBLIC HEARING. CARRIED. MOVED BY SHANE, SECOND PERRY, COUNCIL APPROVE THE FINAL ASSESSMENT ROLL AND REFER TO THE WAYS AND MEANS COMMITTEE. CARRIED. PUBLIC HEARING This being the date set and proper notices having been posted and Comprehensive Plan published, Mayor Delaurenti opened the public hearing to consider and voning for the Planning Commission recommendation regarding Council referral West:Hill Area of Comprehensive Plan and Zoning for the West Hill area located north of Renton Ave. and west of Taylor Ave. NW. Letter from Planning Director Ericksen explained the Planning Commission recommendation from hearing, 5/23 and meetings 5/31 and 6/4. Letters read from Wayne T. Carter, 463 Lind Ave. NW, and The,West Hill Community Association, Linnea D. Johnson, Secretary, : 503 Seneca Ave. NW, all favoring single family designation for area and oppos- ing any further multiple zoning or developments. Mr. Ernie Arnone, 207 Taylor Ave. NW. favored multi-family zoning. Harry Lona, 220 Seneca NW, expected multi-zoning on property behind R-4. Persons present speaking in favor of single family designations : Dick Neglay, 656 Lind NW; Robin Little, 264 Maple Ave. NW; Carolyn Fenner, 402 Seneca Ct. NW; Chester Douglas, 515 Lind; NW; George Flynn, 462 Lind NW; Patty Raphael , 408 Seneca NW; LeRoy Johnson, 503 Seneca NW; Nancy Malcom, 304 NW Second; Peggy DuBois, 2007 Mountain View N. ; Renee Johnson, 503 Seneca NW. ' Con :inued Councilwoman Shinpoch explained she had taken no part in any discussion re Lakeview Tower matter;• however, has been advised by the City Attorney of her right to participate in area wide hearing. Upon. inquiries, City Attorney Warren explained Council 's , 'right, to change zoning classification including requirements for 'down zoning. - Upon inquiry, Planning Director Ericksen explained thePlanning Department recommendation for single family designation ` 'for area except R-3 on' Taylor for 150 ft. MOVED BY STREDICKE, SECOND PERRY, CLOSE HEARING. CARRIED. MOVED BY STREDICKE, SECOND SHINPOCH COUNCIL REJECT THAT PART OF ._THE PLANNING COMMISSION RECOM- MENDATION DESIGNATING MULTIPLE FAMILY AREA ON WEST HILL OF RENTON SO THAT WEST HILL WOULD,fSHOW'SINGLE FAMILY AND GREEN BELT. OF R � .• ' o THE CITY OF RENTON U %0 44l • Z MUNICIPAL BUILDING 200 MILL AVE.SO. RENTON,WASH.98055 a a ' CHARLES J. DELAURENTI,MAYOR • PARKS and RECREATION . 99 .' '. �• JOHN E. WEBLEY - DIRECTOR o"? - s. . .::ev 235-2560 . . July 19, 1979 To: ; Mayor Charles J. Delaurenti ' • and •r � . Members of the City Council . From: . ; John E. Webley, Director • Joan Moffatt, Chairwoman, Park Board •• The Renton Park::Board respectfully submits to the Renton City 'Council . a proposal for the development of Gene Coulon Memorial Beach Park Ad- dition.. ' The . finalized plan 'is, the product of .more than . three years of planning. including considerable community input received through surveys , public meetings and contact with ,groups who have a special . interest in water-related recreational activities. The board has at- . tempted to provide a plan that meets the desires and' needs of the . citizens of ' Renton. The 'firm of Jones and Jones, .105 South Main Street, Seattle, has served as the consultant on this project: Major improvements include an improved and expanded boat- launch faci- lity, day. moorage, increased 'parking,, restrooms, trails, creation of a waterfowl, habitat, multi-purpose center ; fishing piers, picnic . shelters and areas, maintenance facilities, .play equipment,' improved access, landscaping, irrigation, and shoreline stabilization and im- provement. Thirty-one acres are involved 'in the project with 1.05 miles of shoreline. Total cost 'of the project is $7 ,825,000 :00 with • $3,581,391.00 in marine work and $2 ,678 ,550 .00 to develop the, rest of the site. Contingency, tax and design fees totalling $1,565,059.00 complete the grand total. It is, the recommendation Of the Park Board that funds to complete this project be raised through a bond' issiie submitted to the citizens of Renton. It is the opinion of the board that such a proposal would be ' 'appropriate at the I979 Primary• Election. 'The deadline for submittal of such a bond issue to the King County Records and Elections Division • 'is August 3., 1979 which would require immediate action by the City Council, The City Council would have to pass• an ordinance authorizing the proposal ,to put on the .ballot., Due to the. lack of a Council Meet- ing on July 30th, the only opportunity for such .action would be at the July 23rd meeting. • We , sincerely ' apologize` for not being able to. submit this .proposal. sooner, but we hope you will understand how tight our planning' sched- ule has .been and the absolute necessity of holding a public meeting before finalizing plans and determining costs. . i Mayor Charles J. Dealurenti .and Page 2. p':, Members .''of ,the City Council In '•.:the event that the:`'Council: should opt to place this 'proposal on, /; • the`. primary ,ballot, ' we,have .pr.epared"'.the appropriate ordinance' for'' -,3' .. such action: The Park.; Board,.'.'Park. Department staff .and consultants .r= are at your disposal ='Should, you have any questions.' . • The Park Board and staff will maintain contact.with the Community ,Services Committee o£'. the Council and carry, out the will of• the Council.' in .thas matter;; nMoffatt' airwoman,, Park Board hn E. Webley.� • l le'a rector NOTICE OF BOND SALE CITY OF RENTON, WASHINGTON $1 ,825,000 "GENERAL OBLIGATION PARK BONDS , 1982" S ALED PROPOSALS will be received by the City Clerk at her offi e in the City Hall, 200 Mill Avenue South, Renton, Washington, until 11 :00 a.m. , local time, on March 22 , 1982 at which t 'me all bids will be publicly opened for the purchase of $1 ,825, 000 par value of "General Obligation Park Bonds, 1982" ( the "Bond " ) , of the City of Renton, Washington ( the "City" ) . The bids will be considered and acted upon by the City Council at its regular meting to be held in the Council Chamber commencing at 8 :00 p.m. local time, on the same date. BONDS - DESCRIPTION The Bonds are to be issued by the City pursuant to a special election authorizing the same for strictly municipal capital •urposes, other than the replacement of equipment, as provided by Ordinance No. 3336 of the City passed and approved Jul, 23 , 1979 as amended . The Bonds will be dated April 1, 1982 ; will be in the denomin.tion of $5 ,000 each; will be numbered from 1 to 365, inclusi e; will bear interest payable on April 1 , 1983 , and semi- annuall thereafter on each succeeding October 1 and April 1 , interes to maturity to be evidenced by coupons to be attached tl the Bon.s; and will be payable, both principal and interest, at the office of the City Finance Director or, at the option of the i holder, at ither fiscal agency of the State of Washington in Seattle, Wahington, 'or New York, New York. The Bonds will mature serially, a nually, in order of their numbers on April 1 of each of the followi g years: Bond umbers Maturity ( Incl sive) Amounts Years 1 t• 5 $ 25 ,000 1984 6 t• 11 30 ,000 1985 12 t. 18 35,000 1986 19 t. 25 35,000 1987 26 t. 33 40 ,000 1988 34 to 42 45 ,000 1989 43 o 53 55 ,000 1990 54 •0 65 60 ,000 1991 66 to 79 70 ,000 1992 ' 80 , o 94 75 ,000 1993 95 o 111 85,000 1994 112 o 131 100 ,000 1995 132 o 153 110 ,000 1996 154 o 178 125,000 1997 179 to 207 145,000 1998 208 to 239 160 ,000 1999 240 to 276 185,000 2000 277 to 318 210 ,000 2001 319 to 365 235 ,000 2002 The City has reserved the right to redeem any or all of the Bon.s prior to their stated maturity dates as a whole, or in part in inverse numerical order, on April 1, 1992 , or on any semiann al interest payment date thereafter at the following percent ges of par if called on the following dates: Call. Dates Call Prices O April 1 , 1992 , or October 1 , 1992 101% 0 April 1, 1993 , or October 1 , 1993 100 .5% 0 April 1, 1994 , and thereafter 100% - 2 - a No ' ice of such intended redemption shall be published in the official newspaper of the City, or if there is. no official newspaper, t en in a newspaper of general circulation in the City, at least once not less than 30 nor more than 45 days prior to the call date, .nd a copy of such notice shall be mailed within the same period to the main office of the principal underwriter or account manger of the successful bidder for the Bonds or its successor. In addition, such redemption notice shall also be sent to Moody' s Investors Service, Inc. , and Standard & Poor' s Corpora- tion, at t eir offices in New York, New York , but the mailing of such notic:• to such New York firms shall not be a condition prece- dent to th- redemption of such Bonds. Interest on any Bonds so called for redemption shall cease on such call date upon payment of the redem.tion price into the bond redemption fund for the Bonds. The City further has reserved the right to purchase any or all of the Bonds in the open market at any time at a price not in excess of the redemption price payable on the next call date after such purchase plus accrued interest to date of purchase. The City has irrevocably pledged itself to levy taxes annually without limitation as to rate or amount, on all property in the City subject to taxation in an amount sufficient, together with oth-r money legally available and to be used therefor, to pa the pri cipal of and interest on the Bonds as the same shall accrue, except that if the City Council so directs or is so ordered by a co rt having jurisdiction over the City on this matter, the interes on the Bonds in excess of the effective rate of 8% per - 3 - r annum shall . e paid from the regular property taxes and other money collected b the City without a vote of the electors, and in such event the C ' ty Council has pledged that it will budget sufficient money annua ly to pay that interest obligation. The full faith, credit and esources of the City have been irrevocably pledged for the payment of the principal of and interest on the Bonds. BID PROPOSALS - SALE idders are invited to submit proposals for the purchase of the Bon s fixing the interest rate or rates , not to exceed a maximum of ective rate of 16% per annum, that the same shall bear in accordance with the maturity schedule above. Bidders shall submit bi s specifying : (a) The lowest rate or rates of interest and premium, if any, above par at which the bidder will purchase the Bonds; or (b) The lowest rate or rates of interest at which the bidder will purchase the Bonds at par. No bid will be considered for the Bonds for less than par and accrued 'nterest, or for less than the entire issue. The purchaser must pay accrued interest, if any, to date of delivery of the Bonds . Coupon rates shall be in multiples of 1/8th or 1/20th of 1% , or b.th. No more than one rate of interest may be fixed for any one maturity. Only one coupon will be attached to each of the Bonds f.r each installment of interest thereon, and bids providing for add tional or supplemental coupons will be rejected. The maxi- mum dif erential between the lowest and highest coupon rates nam d in any id shall not exceed 2% . - 4 - Fo the purpose of comparing the bids only , the coupon rates bid being controlling , each bid shall state the total interest cost over the life of the Bonds and the net effective interest rate of the bid . T e City reserves the right to waive any irregularity or informality in any bid or in the ' bidding process. T e Bonds shall be sold to the bidder making the best bid, subject to the right of the City Council to reject any ' and all bids and to rea•vertise the Bonds for sale in the manner provided by law, and no bid for less than all of the Bonds shall be considered . . 11 bids shall be sealed , and , except the bid of the State of Washington, if one is received , shall be accompanied by a deposit of $91 ,251 . The deposit shall be either by certified or cashier' s check mad: payable to the City Finance Director and shall be returned Promptly if the bid is not accepted. The City reserves the right to invest the good faith deposit of the purchaser pendin the payment for the Bonds. The purchaser shall not be credited fo such ear ings. If the Bonds are ready for delivery and the success- ful bidder shall fail or neglect to complete the purchase of the Bonds wi hin forty days following the acceptance of its bid , the, amount of its deposit shall be forfeited to the City and in that event t e City may accept the bid of the one making the next best bid . I there be two or more equal bids for the Bonds for not less than pa plus accrued interest and such bids are the best bids receive. , the City Council shall determine by lot which bid shall be acc-pted . - 5 - An bid presented after the time specified for the re- ceipt of bids will not be received and any bid not accompanied by the require. bid deposit at the time of opening will not be read or considered . DELIVERY OF BONDS T e Bonds will be delivered to the successful bidder, upon payme t of the purchase price plus accrued interest to the date of deliver less the amount of thegood faith deposit, at Y, P the office of the City Clerk or in the City of Seattle, at the City' s exp-nse, or at such other place as the City Clerk and the successful bidder may mutually agree upon at the purchaser' s expense. Settlement shall be made in federal funds immediately available at the time of delivery of the Bonds. A no-litigation certifica e in the usual form will be included in the closing papers for the Bonds. CUSIP numbers will be printed on the Bonds , if requested in the bird of the successful bidder, but neither failure to print such num ers on any bond nor error with respect thereto shall con- stitute cause for a failure or refusal by the purchaser thereof to accept .elivery of and pay for the Bonds in accordance with the terms of the purchase contract. All expenses in relation to the printing of CUSIP numbers on the Bonds shall be paid by the City; but the fee of the CUSIP Service Bureau for the assignment of those numbers shall be the responsibility of and shall be paid for by the purchaser.. - 6 - i i If, prior to the delivery of the Bonds , the income receivable b the holders thereof shall become taxable, directly or indirectly, oy the terms of any federal income tax law, the success- ful bidder m.:y at its option be relieved of its obligation to purchase the Bonds, and in such case the deposit accompanying its bid will be eturned, without interest. Th- City will cause the Bonds to be printed or litho- graphed and -igned without expense to the successful bidder. The approving legal opinion of Messrs. Roberts & Shefelman (Roberts, Shefelman, Lawrence, Gay & Moch) , attorneys, Seattle, Washington, will be furnished to the purchaser of the Bonds without cost to the purchaser, which legal opinion will be printed on each bond. Bond counsel shall not be required to review or express any opinion concerning the completeness or accuracy of any official statement, offering circular or other sales material issued or used in connection with the Bonds, and bond counsel ' s opinion shall so state. I formation concerning the Bonds may be received upon request mad- to the undersigned or to Seattle-Northwest Securities Corporation, 3700 Seafirst Fifth Avenue Plaza, Seattle, Washington, the City' s financial consultant. Hd D. TED at Renton, Washington, this 2 3 day of F. 1) , . , 1982 . DELORES A. MEAD, City Clerk Publicat,io l dates: February 25, 1982 March 4, 1982 March 11 , 1982 JG25B22 March 18, 1982— 7 — NOT!ICE OF BOND SALE CITY OF RENTON, WASHINGTON $ , 825, 000 "GENERAL OBLIGATION BONDS, 1982" SEALED PROPOSALS will be received by the City Clerk at her office in the City Hall, 200 Mill Avenue South, Renton, Washington, until 11: 00 .: .m. , local time, on March 22, 1982, at which tint:- all bids will be publicly opened and read for the purchase Of .1, 825, 000 "General Obligation Bonds, 1982" (the "Bonds") , of the City of Renton, Washington (the "City") . The bids will be considered a d acted upon by the City Council at its regular meeting I � to be held i , the Council Chamber immediately thereafter. The, Bonds will be dated April 1, 1982; will be in the denomination of $5, 000; and will mature serially in varying amounts from April 1 1984, to Aprlil 1, 2002, inclusive. Coupo, rates bid shall be in multiples of 1/8th or 1/20th of 1% or bot' . The net effective interest rate shall not exceed 16% per annu . • The, a,,proving legal opinion of Roberts & Shefelman (Roberts, Sh.felman, Lawre''nce, Gay & Moch) , attorneys, Seattle, Washington, ill be furnished to the purchaser of the Bonds without cost to the ,urchaser, which legal opinion will be printed on each { bond, and 'a , o-litigation certificate will be included in the closing papers. Fur her information concerning the Bonds and the ordinance! fixing the purpose of their issuance and covenants and terms thereof ma be received upon request made to Seattle-Northwest Securities Corporation, ,3700 Seafirst Fifth Avenue Plaza, 800 Fifth Avenue, Se. ttle, Washington 98104. DELORES A. MEAD, Ci Clerk Published: "arch 5, 1982 Daily Journal of Commerce Northwest Construction Record • ' I i I I i 1 j 5 ' zi; �h, r ,.. _�z,T _� a ,W=\t'\- ;,. q, ��j �T 7 11 IV I/� \�\ 2 R !v); f _ - ki i 3 � 5000 r $ 5000 _ 2 0 1 s ;: - i 4, UNITED STATES OF AMERICA �ty, STATE OF WASHINGTON 1 � 'I/ `• 3 CITY OF RENTON VW UNLIMITED TAX GENERAL OBLIGATION PARK BOND 1982 0 11.75% •_ ' . The City of Renton, Washington (the "City"), for value received promises to pay to bearer on f the FIRST DAY OF MAY, o'''. ,, 2002 ' r"I' THE PRINCIPAL SUM OF • "` ;' FIVE THOUSAND DOLLARS h; �� @* together with interest thereon at the rate of 11.75% per annum, ' A -1 until fully paid, payable on May 1, 1983, and there is no official newspaper, then in a newspaper semiannually thereafter on each succeeding of general circulation in the City at least once not g November 1 and May 1, as evidenced by and less than thirty nor more than forty-five days prior _ Veiki payable upon the presentation and surrender of the to the call date, and a copy of such notice shall be + -.� attached interest coupons as they severally become mailed within the same period to the main offices of ;.sip%,, • yl due, and if this bond upon proper presentment has Seattle-Northwest Securities Corporation in Seattle, lief v not been redeemed by its maturity, with full Washington, and The Northern Trust Company in ,.._-- ^i obligation on the part of the City to pay interest at Chicago, Illinois, or their successors. In addition, �'`` the same rate from and after maturity, in the such notice shall be sent to Moody's Investors -41:* absence of coupons, until this bond with interest is Service, Inc., and Standard & Poor's Corporation at paid in full or until sufficient money for such their offices in New York, New York, but the mailing a` f payment in full is on deposit in the "Unlimited Tax of such notice to such New York firms shall not be a �,y i,k j, ,,-v,/A. General Obligation Park Bond Fund, 1982" (the condition precedent to the redemption of such �\ H "Bond Fund"), an „this bond s been,, ,called fo ands. Interest on any Bores so called for )%; j kr i llj r redemption. This't5ond is payable, both' cipal affdemption shall cease on 'sucfii call date upon ! 44 ETA interest, in lawful money of the Unite States a /payment of the redemption price irip the Bond VO America at the office of the City Finance Director o► fund. / / �- O i at the option of the holder, at either fiscal agency of The furth sere es tree •o purchase the State of Washington in Seattle, Washington, or any of the Bonds on the open market at any time at ' New York, New York. a price not in excess of the redemption price on the ti This bond is one of a total issue of$1 82$,000 next call date after ucI urchase lus accrued ! P par value of bonds designated "Unlimited Tax interest �j ,4 (j'rf�)= W •°, General Obligation Park Bonds, 1982"%Al (the The City irrevocably pledges to levy taxes tjj- - , "Bonds"), all of like date, tenor and effect, except for annually without limitation as to rate or amount on numbers, maturities, options of redemption and rgA all property in the City subject to taxation in an ore interest rates, issued by the` ty pursuant`to a amount sufficient, together with other money legally + special election authorizing th 'sar for strictly available and to be used therefor,"to pay the ' municipal capital purposes, other than the .` € „ principal of and interest on the Bonds as the same ` c !��c��i,? replacement of equipment, as provided in Ordinance t' fi: shall accrue, and the full faith, credit and resources t• • ° No. 3336, as amended, and Ordinance No. 3619 '4)): „, of the City are pledged irrevocably for the payment r and is issued in full compliance with the ordinances of the principal of and interest on the Bonds. of the City and the laws and Constitution of the e It is certified that all acts, conditions and things FaX State of Washington. � � �% r g / quired to be done 4fp--,..:. The Cityreserves the ri h e an o re precedent to and in the g � ' y �ssuance of this bond have 'teen done, have MX of the Bonds prior to their stated maturity dates as happened and have been performed as required by � s f " ;l a whole, or in part in inverse numerical order, on law, and that the total indebtedness of the City, ;; a L.-j� �p,3 May 1, 1992, or on any semiannual interest ,; :, including the Bonds, does not exceed any payment date thereafter, at the following constitutional or statutory limitations. i! ;'.:i percentages of par if called on the following dates, '% 4_ ice'• t.Age plus accrued interest to date of redemption: IN WITNESS WHEREOF, the City has caused this NV Call Dates Cat Prices bond to be signed by the facsimile signature of its Itle Mayor, attested bythe manual signature of its City On May 1, 1992, or November 1, 1992 loi% Y g On May 1, 1993, or November 1, 1993 100.5% Clerk, a facsimile reproduction of its corporate seal ON f• ! On May 1, 1994, and thereafter 100% to be printed hereon and the interest coupons Notice of such intended redemption shall be attached to be signed with the facsimile signatures ,a`. . ' �`ifa3 published in the official newspaper of the City or, if of those officials this first day of May, 1982. ';, $ � �14f��\\``1 CITY OF RENTON, WASHINGTON ? Awl ATTEST: %\�\ .• .+..,f,yrollb Bybi, 1 st i City Clerk 11`��•��.��^ Mayor y �__ r,� w 't/ !` ;G� %T'!��\� ;csi' -. 7"aT �� e:-5'7., ;;i'4 �, ,� y�i li�4 4'\ " : ' '%,tY'a", t `t� •,•Y h TOO �Z.; Jd i' �s V•14/ si ` f ,7N 't. a'-;l'1�' � r .0, ;Irk,• 1, `,n' / 119�\�� y i Ul\• 'fj., 11 ,`14. I l p 1 I ` .p� !i•, ( \ *, .1 , Vg, �;i{gyle;.a,,rAY4e�r7A9F.•,�,,:�', /.lrl��",� �,,7,(ti%��:.fff"'�1�•;:`";[�i'�//�;,��„ if. ��11�'�"s V d78+,:'�h;o'Ni �ti"i '�4� ��, '�,- �%' , V'!s � :T. O�yj• � , LEGAL OPINION I, DELORES A. MEAD,City Clerk of the City of Renton,Washington,certify that the following is a true copy of the J ® ,-�-"` ! complete legal opinion of Roberts & Shefelman (Roberts, Shefelman, Lawrence, Gay & Moch), attorneys, Seattle. -. - "` ^"'" Washington,triplicate originals of which were manually executed,dated and issued as of the date of deliveryof and paymentrl fi T for the bonds referred to below,one of which is on file In this office,one of which has been furnished to Seattle-Northwest N� Securities Corporation,Seattle.Washington,and one to The Northern Trust Company,Chicago.Illinois,and Associates. Q. City Clerk of the City of Renton,Washington ti r} UNITED STATES OF AMERICA STATE OF WASHINGTON , ROBERTS&SHEFELMAN (Roberts.Shefelman,Lawrence,Gay&Moch) 4100 Seafirst Fifth Avenue Plaza � ,iCITY O F 800 Fifth Avenue „ ``' Seattle,Washington 98104 Lg,.o fl'•33 City of Renton.Washington \,>. RENTON LV� Seattle-Northwest Securities Corporation ' t- • 3700 Seafirst Fifth Avenue Plaza . Seattle,Washington CUSIP 760133 FC 7 3• and + The Northern Trust Company ( t 30 South LaSalle Street //. Chicago,Illinois r�'7ry,e I�t ��{f�� I and d+ I t' 1t. 'v 1.,/if f t Associates 4j -�.� :-7 — i.�a. ,r. ;:v4; Re: City of Renton,Washington,$1,825,000 + - `,t}! 'Unlimited Tax General Obligation Park Bonds, 1982' a_ - - - _ 1ti We have examined a certified transcript of proceedings had by the City of Renton,Washington(the"City'),relating to its 4¢+ T _ = 4Y rfo Issuance of the above-referenced bonds(the 'Bonds`), and also have examined executed Bond No. 1 with coupons S, . «' _ ;..tY attached. w • e The Bonds are in the denomination of$5,000 each;are numbered from 1 to 365,inclusive;are dated May 1,1982;and / •k•. ..; bear interest at the rates set forth below, payable on May 1, 1983,and semiannually thereafter on each succeeding f;.. �+ , • ! r November 1 and May 1.The Bonds bear interest and mature on May 1 of each year in accordance with the following " . , f� 4*M1 { schedule: �, : Bond Numbers Interest Maturity OP,It .• (Inclusive) Amounts Rates Years "^ 11.75% ,i 1 to 5 $ 25.000 13.75% 1984 c 6to11 30,000 13.75% 1985 ':. UNLIMITED TAX GENERAL 12 to 18 35,000 13.50% 1986 OBLIGATION PARK BOND, 1982 19 to 25 35,000 13.50% 1987 �`o �,V 26 to 33 40,000 13.50% 1988 frj�, ,�� 34 to 42 45,000 13.50% 1989 h.r, ;z:\ 43 to 53 55.000 13.50% 1990 Ir'7 DATED MAY 1, 1982 ;til,, 54 to 65 60,000 13.25% 1991ai°' DUE MAY 1 .,'A4 66 to 79 70,000 13.25% 1992 I f /iPri;.'1 80 to 94 75,000 11.25% 1993 ;r` .10 :/ 95 to 111 85,000 11.40% 1994 ,�''�°' •� 2002 :) 112 to 131 100,000 11.50% 1995 �' 132 to 153 110,000 11.70% 1996 CALLABLE AS PROVIDED HEREIN 154 to 178 125,000 11.80% 1997 p....0,..;, i179 to 207 145,000 11.90% 1998 al '"'208 to 239 160,000 12.00% 1999 i 3240 to 276 185,000 12.00% 2000 INTEREST PAYABLE , t ,, MAY 1, 1983, AND 277 to 318 210,000 12.00% 2001 r,:l� n � 319 to 365 235,000 11.75% 2002 ,:;zip SEMIANNUALLY THEREAFTER ,�'�;t+: The City has reserved the right to redeem any or all of the Bonds prior to their stated maturity dates as a whole,or In °'��?:ei: ON NOVEMBER 1 AND MAY 1 Il part in inverse numerical order,on May1,1 92oron anysemiannual interest Ytt.a;t o d9 se a ual to est payment date thereafter,at the times,at the .::s�� F�;.;;: prices and in the manner set forth in the Bonds. " G:% PRINCIPAL AND INTEREST '�. • The City irrevocably has pledged to levy taxes annually,without limitation as to rate or amount,on all property In the ��?`�'� �••�t� City subject to taxation in an amount sufficient,together with other money legally available and to be used therefor,to pay II PAYABLE AT the principal of and interest on the Bonds as the same shall become due,and the full faith,credit and resources of the City Al THE OFFICE OF THE have been pledged irrevocably for the payment of the principal of and interest on the Bonds. :;WI CITY FINANCE %.,,`' We have not reviewed and thus express no opinion concerning the completeness or accuracy of any official statement, ';.�'2j 'i offering circular or other sales material relating to the issuance of the Bonds or otherwise used in connection with the Bonds. e, DIRECTOR It is our opinion that,as of the date of the initial delivery of the Bonds to the purchasers thereof and full payment A; RENTON, WASHINGTON li therefor,(1)the Bonds have been lawfully issued and constitute a valid general obligation of the City payable from annual ad '�ji°�F..y'j%'f OR, AT THE OPTION OF THE HOLDER, t valorem taxes to be levied without limitation as to rate or amount upon the taxable property within the City,except only to , ' AT EITHER FISCAL AGENCY ] the extent that enforcement of payment maybe limited bybankruptcy,insolvencyor other laws affectingcreditors' jt'!S generally,and(2)under existing federal law nd rulings,th interes o the Bond is exempt from federal income taxation. wino OF THE ALSTATE OF WASHWASINGTON, fCr-_, �i:�� IN SEATTLE, WASHINGTON, tri�td Respectfully submitted, �1' OR NEW YORK, NEW YORK '::,1:1 al��l1414IY Yr '" elf v"iT r t` M� . 'ho-r.,t1. te.811A, Affid vit of Publication STATE OF WAS INGTON COUNTY OF ING ss. AuetxPiDy...IJ e T lee being first duly sworn on oath,deposes and says that } is the eh L+r.f C`�`� i}� of THE DAILY RECORD HRONICLE,a newspaper published six(6)times a week.That said newsp per is a legal newspaper and it is now and has been for more than six mo the prior to the date of publication referred to, printed and published i the English language continually as a newspaper published four(4)time a week in Kent,King County,Washington,and it is now and during all of s id time was printed in an office maintained at the aforesaid place of publication of said newspaper.That the Daily Record Chronicle has been app*oved as a legal newspaper by order of the Superior Court of the County in wvhich it is published,to-wit,King County, Washington.That the a nexed is aOM a-L.. a::i E' ,T 3 ter„9 .7.07 3 as it was published in regular issues(and not in supplement for of said newspaper) once each issue for a period of 1 consecutive issues,commencing on the 1.ti .i;}a. .day of ; '`J_�. 1i� ,19 1c ,and ending the 1.8.h;?,day of !i. '!X':11 ,19 8`-' ,both dates inclusive, and that sucl newspaper was regularly distributed to its sub- scribers during all of said period. That the full amount of the fee charged for the foregoing publication is the sum of $2.`.. j'.4 0(`�vhich has been paid in full at he rate of per folio of one hundred words for the first insertion and p-r folio of one hundred words for each subsequent insertion. �j�' G�sr�'k'4 e •„ft_,-- Subscribed and sworn to before me this MG.d'r;`=! day of tipr. }. 1,82 Notary Public in a for the State of Washington, residing at-Kent, King County. -r;:,.:k.. 1,f, —Passed by the Legis ature,1955,known as Senate Bill 281,effective June 9th, 1955. —Western Union Tel:graph Co. rules for counting words and figures, adopted by the new papers of the State. V.P.C.Form No.87 Rev.7-79 I' i I _ CI OF RENTON The City reserves the right to redeem any or all of the I NAGHINGTON Bonds prior to their stated maturity dates as a whole,or in part in inverse numerical order, on May 1, 1992, or any C �VANCE NO.3619 AN ORDINANCE r the City of Renton,Washington, semiannual interest payment date thereafter at the following relating to cc1trac,ing indebtedness;providing for the percentages of par if called on the following dates, plus issuance,specify' g the maturities,maximum effec- accrued interest to date of redemption; . • five interest rate,-terms and covenants of$1,825,000 Call Dates Call Prices par value of"General Obligation Park Bonds,1982," I On May 1,1992,or November 1,1992 101% authorized by th' qualified voters of the City at a On May 1,1993,or November 1,1993 100.5% special election Feld therein pursuant to Ordinance On May 1,1994,and thereafter' 100%(par) No.3336,as amended;establishing a bond redemp- Notice of such intended redemption shall be published in tion fund; providing for the sale of such bonds; ^the official newspaper of the City, or if there is no official . amending Section III of Ordinance No. 3336, as ' newspaper,then in a newspaper of general circulation in the amended by Se tion I of Ordinance No.3350;and City,at least once not less than 30 nor more than 45 days i repealing Ordinance No.3613. prior to the call date, and a copy of such notice shall be THE CITY COU CIL OF THE CITY OF RENTON, mailed within the same period to the main office of the WASHINGTON, D, ORDAIN as follow& principal underwriter or account manager of the successful Section 1. The,Cj of Renton,Washington(the"City"), bidder.for the Bonds, or its successor. In addition, such shall-presently iss a and sell'the'remaining unissued redemption notice shall-be sent to Moody's' Investors $1,825,000 par value of negotiable general obligation bonds Service, Inc., and Standard &Poor's Corporation, at their of the total $7,82 ,000 par value of negotiable general offices in New York,New York,but th'e mailing of such notice, to such New York firms shall not be a condition precedent to obligation bonds a thorized by'the qualified voters of the City at a special lection held on September 18, 1979, the redemption of such Bonds. Interest on any Bonds so pursuant to Ordinance No.3336,passed and approved July` called for redemption shall cease on such call date upon. ' 23,1979,as amended by Ordinance No.3343 passed and, payment of the redemption pace into the Bond Fund. approved Augustt6,1979,and Ordinance No.3350 passed The City further reserves the right to purchase any or all of and approved Aug At 20,1979,$6,000,000_of_such-bonds the Bonds in the open market at any time at a price not in 1 having been issued Under date of May 1,1980,pursuant to excess of the redemption price on the next call date after Ordinance No.33.9,_as amended by Qrdinance No.3404, such purchase plus accrued interest to date of purchase. for the purpose of ompleting the construction of recreation- Section II. The City irrevocably pledges to levy taxes F annually, without limitation as to rate or amount, on all • al facilities includ rig boat launch, fishing pier, trails, day; property in the City subject to taxation in an amount moorage,parking' floating structures,and other equipment sufficient,together with other money legally available and to y and_materials i idental thereto, at the Gene Coulon . be used therefor,to pay the principal of and interest on the { Memorial Beach', Park. The, bonds shall be designated Bonds as the same shall become due, and the full faith, 1 "General Obligation Park Bonds, 1982" (the"Bonds"),of credit and resources of the City are pledged irrevocably for i the City; shall be. dated.May 1, 1.982; shall be in the i the payment of the principal of and interest on such Bonds. denomination of$5,000 each;shall be numbered from 1 to „ Section III. The City covenants that it will spend the 365, inclusive; a d shall bear interest at the rate or rates principal proceeds of the Bonds with due diligence to the specified in the inning bid for the Bonds,but not in excess ', completion of the purposes specified in this ordinance and 1 of an'effective r to of 16%per annum,payable on May 1, will make no use of the proceeds of the Bonds or of its other 11983, and sem annually.thereafter on each succeeding 1 money at any time during the term of the Bonds which will. November 1'an'• May 1;as evidenced by coupons to be ' cause the Bonds to be arbitrage bonds within the meaning of 'attached to the,:ands redresenting interest to Maturity. If I Section 103(c)of the United States Internal Revenue Code any Bond is not redeemed upon proper presentment at its 1 of 1954, as amended, and applicable regulations promul- 1 maturity or call;•ate thereof,the City shall be obligated to 1 gated thereunder. 4 pay interest at t„e'coupon rate for each such Bond from and Section IV:The Bonds and coupons shall be printed or after the maturi or call date Until such Bond,both principal" lithographed on good bond'paper in a form.consistent with and interest, s,all have been paid in full or until sufficient the provisions of this ordinance.The Bonds shall be signed money for such payment in full is on deposit in the"General I by the facsimile signature of the Mayor,.attested by the Obligation Par"Bond Fund, 1982" (the "Bond Fund"), manual signature of the City, Clerk and a facsimile hereinafter cre•ted,and such Bond has been duly called for reproduction of the seal of the City shall be printed thereon, , +payment.Both principal of and interest on the Bonds are to and the coupons shall bear the facsimile signatures of the be paid in la ul money of the United States of America, Mayor and the City Clerk. , which at the ti e of payment shall be legal tender for the , • i Section'V.The Bond Fund is created and established in I payment of pu•lic and private debts,at the officeof the City I I the office of the City Finance Director.The accrued interest 'Finance Direc or, or, at the option of the holder, at either 1 1 received, if any, upon the sale and'delivery of the Bonds ;,fiscal agency of the State of Washington in Seattle, I shall be.paid into the Bond Fund.By Ordinance No.3399,as •Washington,''•r New York, New York. The bonds shall 1 1 amended by Ordinance No.3404,there has been created, mature seriall,,•annually, in order of their numbers in the 1 ; and established imthe office of the City Finance Director a following am•ants on May 1 of each of the following-years ! special fund known and designated as the"Gene Coulon (such maturi schedule being computed at an assumed I ' Memorial Beach,Park Construction Fund'of the City.The I interest rate f 13.20%per annum); ; principal proceeds and premium, if any, received from the Bond Numbers , sale and delivery of the Bonds shall be paid into the"Gene I (Inclusive), ' 6 Amounts , - :`Years Coulon Memorial Beach Park Construction Fund"and used ' 1 to , 5 " $ 25,000 +1984 for the purposes specified in Section 1'of this ordinance and 6 to 1 30,000 to pay the costs of issuance and sale of the Bonds.Pending 5 19 to 35,000 1986 the expenditure of'such.principal proceeds,the City may .' 35,000 1987 19 to � 5 I temporarily.invest such proceeds in any legal investment • 26 to 33 ' 40,000 . 1988 and the investment earnings may be retained in the"Gene 34 to N 42 . 45,000 • • 1989 I Coulon Memorial Beach Park Fund"and expended for the I 43 to ,53 55,000 1990 '1 purpose's of such fund. All'taxes collected for and other 1 54 to° 65 60,000 1991 II money allocated to the payment of the principal of and 1 66 to', 79 '70,000 - 1992 ;interest On the Bonds shall be deposited in the Bond,Fund. i 80 to, 94 75,000 • 1993 I Pending the receipt of the proceeds from the issuance of the 1 - 95 tot 11 85,000, 1994 Bonds, interest-hearing warrants may be drawn on the 112 toy 1995'131 100,000 "Gene Coulon Memorial Beach Park Construction Fund"to 1 132 to'153' ' 110,000 , 1996 I provide interim funds to pay such costs, such loan to be 154 to.178 • 125,000 ,repaid from the proceeds received from the issuance of the',;, 179 to 207 • 145,000 1998 I Bonds.The interest on such warrants may be fixed by the,'' • . 208 to 239 ' , 160,000 - ,'1999 ;City Finance Director at a rate Or rates not in excess of 16% 240 to 276 185,000 / 2000 , 1 per annum. 277 t; 318 210,000 2001 ! Section VI.The Bonds shall be sold for cash at public sale i' " 319 t; 365 235,000 2002 , Ifor not less than par,plus accrued interest. I I. y_. _ _ �.___ _ _ 0 - - - ' 1• The City Clerk is authorized to give notice calling for bids 1 ?to purchase the Bonds by publishing such notice as required ' j by law,and a short abbreviated form of such notice shall also I be published once in The Seattle Daily Journal of Commerce and Northwest Construction Record of Seattle, Washington,at least ten days prior to the Cale date.Such : iotice shall specify that sealed bids for the purchase of the ' : Bonds shall be received by the City Clerk in her office in the City Hall,on May 3,1982, up to 11.00 a.m.', local time,at" ;,which time all bids will be publicly opened and read and an' award made by the City Council at its regular meeting to be , i held in the City Council Chambers commencing at 8:00 p.m.;local'time,on the same date. ' Bids shall be invited for the purchase of the Bonds with 1 fixed maturities in accordance'with the schedule specified in Section I hereof. '. ' <= The notice shall speciify,the maximum effective rate of ' ; interest the Bonds shall bear,namely,-16%per annum,and.I i : shall require bidders to submit a bid specifying: i (a)The lowest rate or rates of interest and premium,if any, i i 1 fI , ifl ' ,r , The--Face of bond sale shall provide that the City will cause the Bonds to be printed or lithographed and signed and will furnish the approving legal opinion•of Messrs, Roberts&Shefelman(Roberts,Shefelman,Lawrence,Gay • &'Moth),bond counsel of Seattle,Washington,covering the + Bonds without cost to the purchaser,the opinion also being , , , printed on each bond.Bond counsel shall not be required to review or express Any opinion concerning the completeness , I or accuracy of any official statement, offering circular or I other sales material issued or used in connection with the I Bonds, and-bond counsel's opinion shall so state. Such i • notice shall also provide that further information regarding Public Not ce Public Notice the details of the Bonds may be received upon request made f above par at which t e bidder will purchase the Bonds;or' to the City Clerk `or to Seattle-Northwest Securities 1 (b)The lowest rat or rates of interest at which the bidder Corporation, 3700 Seafirst Fifth Avenue Plaza, Seattle, will purchase the Bands at par. Washington,the City's financial consultant. Section VII.Section III of Ordinance No.3336 passed and No bid will be con .-The for the Bondse for less than par approved Jul 23, 1979, as amended by Section I of and accrued inof delivery The purchaser must pay accrued. ! Ordinance No. 3350 passed and approved on August 20, 1. interest to date of delivery of the bonds. 0 I 1979,is amended to read as follows: Coupon rates shall be in multiples of 1/e or /i of 1%,or Section -III. The general obligation bonds herein au- i one No more than]one rate of interestbemaa h fixed for any I one Bondsmaturity. each',iOnly13net couponlmntwill attached to each of interest to be which'issued except for theefirstl interest coupon shall be providing Bonds for adds installment or interest th ou on,and bids ' a able semiannually,and shall mature in from two to not rejected.The maximum or supplemental nohe os will be more than twenty years from date of issue,the-lift of the rejected.The n rat 4iunl differential between the lowest and to be at least - I highest coupon rat=s named in any bid shall not exceed 3%. improvements in such amounts as nearly be practicably ' For the purpose of comparing the bids only,the coupon twenty years, rates bid being c•ntrolling, each bid shall state the total annually as will result in a difference of annual not more than I interest cost overt.e life of the Bonds and the net effective $f,0p 0.00 betwndeen the eethighest sd and the lowest two years from, I interest rateshall th bid. date of issue, computed on such anticipated effective subject j a Bonds be h of theld Cityto the bidderncilom rejecng they an bestd bid, shall in its I bids andtoo eadv'>rtise the Bonds for sale intthe manner discretion determine will be borneCounci by such b of the onds and shall provided by law,.;„nd no bid for less than all of the Bonds bp id y d interest annual whenies d sufficient in annualnt to tax levya shy I th ,•shall be consider, d.The City further reserves the right to principal I Wive an irreul•aAll bids shallll b'r sealed and,except he biddof tity in any bid or in the he State ofbonds shall proces . be made without provide.The bonds shall be redeemable at i Washington,if o e is received,shall be accompanied by a the option of.the City at such times as shall be hereaft or er deposit of check r.The deposit shall to the her Finance Director rates,matur certified or determined itieos,form and covenantsinance.The date fof interest shall bebe 'cashier's r ade payableCity hereafter fixed by ordinance of the City Council of the City, and sere be s the right t tooinvey if the bid is not deposit ofThe and the bonds shall be issued and sold when the proceeds City reserves the,right invest the good faith deposit the thereof maybe required. purchase pendi g the payment for the Bonds. The Sectionf lb. required. No.3613,passed and approved purchaser shall of be credited for such earnings. If the Bonds are readylfor delivery and the successful bidder shall on February 2 ,198 Bons heretofore taken by the City, its failealed. y slect tw;ngo the the purchase of th B nds amount of forty days follow ng the acceptance of its bid,the amount of officers or employees,cons'stanwith d confiprmed rovisions of this' its deposit shall the forfeited to the City and in that event the .ordinance are ratif tea,approvedof City may accept the bid of the one making the next best bid. Washington,P EDby ahe e-Ci y openCouncil public heeCng of , Renton this If there be two or more equal bids for not less than par plus of April, 1982 accrued interest and such bids are the best bids received, Y p . %s/Delores A:Mead the City Council shall determine by lot which bid shall be.,_ - City Clerk accepted. The iponds will be delivered to the successful APPROVED by the Mayor this 12th day of t 1Cler bidder upon payment of the purchase price plus accrued 2th day of .April,198 . h interest to the ate of delivery,less the amount of the good Mayor faith deposit, the office of the City Clerk or in Seattle, FORM APPROVED: Washington,a{the City'expense,or at'such other place as the City Clerk d the successful bidder may mutually agree Lawrence J..Warren upon at the purl haser's expense.Settlement shall be made Cityublished in the Daily Record Chronicle April 18, 1982; in federal fund immediately available at the time of delivery of the Bonds. no-litigation certificate in the usual form will R7073_ f _ I be included it'the closing papers. CUSIP numtoers will be printed on the Bonds,if requested in the bid of thsuccessful bidder,but neither failure to print such numberon any bond nor error with respect thereto • shall constite cause for a failure or refusal by the purchaser theof.to accept delivery of and pay',for the Bonds in acordance with the terms of the purchase contract. Allpenses in relation to the printing of CUSIP,numbers on ta Bonds shall be paid by the City,but the fee of the CUSIFI Service Bureau for the assignment of those numbers shall be the responsibility of and shall be paid by i the.purchaser. . Any bid presented after the time specified for the receipt of bids wilt not lye•received,and any bid not accompanied by -the required bid deposit at the time of opening will not be d read or cons"dered. If,prior to i e delivery,of the Bonds,the interst receivable by the hold rs.thereof shall become taxable, directly or indirectly;by the terms of any federal income tax law,the successful idder may at its option be relieved of its - obligation te purchase the Bonds, and in such case the' deposit accdmpanying its bid will be returned, without interest. j — — 1 I j7 0 Renton City Courcil 4/12/82 Page 4 ' Ordinances and Resolutions - Continued First Readings The Ways and Means Committee recommended first reading of an Building Code ordinance providing for amendment to the Building Code relating Penalties to violations and penalties. Following reading, MOVED BY STREDICKE, SECOND ROCKHILL, REFER THE ORDINANCE BACK TO THE COMMITTEE FOR ONE WEEK. CARRIED. Rezone The committee recommended first reading of an ordinance prividing Union Ave. NE for rezone from G to R-1 for Belterra Development Co. ; known as R 004-82. Following reading, MOVED BY STREDICKE, SECOND HUGHES, REFER ORDINANCE BACK TO COMMITTEE FOR ONE WEEK. CARRIED. Rezone An ordinance was read providing for change in zoning classification from G to R-1 located at 2213 Duvall Ave. NE; known as Pederson R 105-81 . MOVED BY STREDICKE, SECOND ROCKHILL, REFER ORDINANCE BACK TO THE WAYS AND MEANS COMMITTEE FOR ONE WEEK. CARRIED. it The Ways and Means Committee recommended first, second and final readings and adoption of the following ordinances: Ordinance #3619 ' An ordinance was read providing for issuance and sale of $1 ,825,000 Park Bonds General Obligation Park Bonds, 1982 as authorized by the voters at Special Election pursuant to Ordinance" 3336, as amended, and repealing Ordinance No. 3613. MOVED BY STREDICKE, SECOND HUGHES, SUSPEND RULES AND ADVANCE TO SECOND AND FINAL READINGS. CARRIED. Following second and final reading, it was MOVED'BY STREDICKE, SECOND ROCKHILL, ADOPT THE ORDINANCE AS PRESENTED. .Councilman Stredicke inquired for the record re action by Legislature changing requirements on percentage of interest rates, being advised affirma- tively by Mayor Shinpoch, Bill Na. 4728. ROLL CALL: ALL AYES. CARRIED. Ordinance #3620 An ordinance was read providing for issuance. and sale of Limited City Shop Bonds Tax General Obligation City Shop Bonds in amount of $2,300,000. MOVED BY STREDICKE, SECOND HUGHES, SUSPEND RULES AND ADVANCE TO SECOND AND FINAL READINGS. CARRIED. Following final reading, it was MOVED BY_ STREDICKE, SECOND HUGHES, ADOPT THE ORDINANCE AS PRESENTED. Upon inquiry Acting Finance Director advised bid open- ing date of 5/3/82. ROLL CALL: ALL AYES. CARRIED. The committee recommended reading and adoption of the following resolutions: Resolution #2442 Amendment !Ito A resolution was read amending) the Six-Year Transportation Improve- Six-Year ; ment Program and the City's Arterial Street Plan as approved at Transportation public hearing to include access to new City Shop and County Court. Improvement MOVED BY STREDICKE, SECOND HUGHES, ADOPT THE RESOLUTION AS READ. CARRIED. Resolution #2443 A resolution was read providing "Just Compensation" for Parcel Just Compensation A-1 of the Senior Housing and Pedestrian Corridor, establishing ' fair market value of the parced $35,450. MOVED BY STREDICKE., ! SECOND REED, ADOPT THE RESOLUTION AS PRESENTED. CARRIED. Resolution #2444 A resolution was read transferring $1 ,000 concerning acquisition Fund Transfer of the Thomas property for Cedar River Trail . MOVED BY STREDICKE, SECOND MATHEWS, ADOPT THE RESOLUTION AS PRESENTED. CARRIED. ] Appointment The Ways and Means Committee recommended council concur in the Board of ;Ethics Mayor's appointment of Ray Peretti to the Board of Ethics; succeed- ing James Medzegian; four-year term effective to 12/31/85. Mir.! Peretti represents the Renton Chamber of Commerce. MOVED BY 1 ' STREDICKE, SECOND CLYMER, COUNCIL CONCUR IN APPOINTMENT TO THE.! BOARD OF ETHICS. CARRIED. 1 1 Voucher Approval The committee recommended Council approval for payment of Voychers II No. 38963 through 39262 in the amount of $462,594.38 having received departmental certification. Also included: LID #314 Revenue Warrant R-14 in amount of $61 .88; LID #321 Revenue Warrant R-4 ' in amount of $19,079.92. MOVED BY STREDICKE, SECOND HUGHES, CONCUR IN REPORT. CARRIED. (Machine Voids: '#38952-38962. ) � i � Renton City Council 4/12/82 Page 3 Correspondence Hunger Letter from Virginia L. Berney, 121 Monterey Pl . NE, reported a Task Force meeting of 31 concerned citizens under the auspices of Renton Ecumenical Association of Churches met to consider alleviating hunger at the lower end of the economic scale. Emergency meals were discussed by representatives of 10 Renton churches at the 3/30/82 meeting. Mayor Shinpoch was invited to attend a second meeting 4/15/82 at the First United Methodist Church. Mayor Shinpoch reported that due to prior commitment she would not be able to attend and asked for Council ~Member interested in attending. OLD BUSINESS MOVED BY CLYMER, SECOND HUGHES REFER TO COMMITTEE OF THE WHOLE Fire Permits for LETTERS REGARDING THE FIRE CODE. REV. JOHN SCHAEFFER, ST. LUKES Church Buildings ESPISCOPAL .CHURCH, CARRIED. Marine Patrol Councilman Rockhill noted memo was received from Administrative Assistant Parness re King County Marine Patrol for Lake Washington and inquired re costs. Mayor Shinpoch called attention to Wednesday meeting and need for Council direction. MOVED BY STREDICKE, SECOND REED, SUBJECT MATTER OF MARINE PATROL BE REFERRED TO THE COMMITTEE OF THE WHOLE. CARRIED. Upon inquiry from Council , Policy Development Director Clemens noted the Planning Commission will be considering revisions to the Comprehensive Plan for downtown, noting post card notification. Councilman Stredicke called attention to sign code violations by placement of real estate signs in public right-of-way on Mill Ave. and Redmond. Utilities Utilities Committee Chairman Mathews left the Council Chambers Committee and, took no part in committee report submitted by committee members . Vertrees Sewer Trimm and Clymer concerning request for investigation re sewer Within Northeast hookup on Union Ave. S. for Vertrees. The report recommended con- Moratorium Area currence with the Building Department that the lot' is within the sewer moratorium area,, therefore, no sewer connection will be allowed. MOVED BY TRIMM, SECOND STREDICKE, COUNCIL CONCUR IN THE RECOMMENDATION OF THE UTILITIES COMMITTEE. CARRIED. MOVED BY REED, SECOND HUGHES, SUSPEND RULES AND ALLOW MR. VERTREES TO SPEAK TO COUNCIL. CARRIED. John C. Vertrees, 1117 SeaTac Office Center, 1800 Pacific Highway S. , expressed disappointment at the adoption of the committee report, being in disagreement and explained Engineering Dept. approval and installation of sewer stub by adjoin- ing property owner, Mr. Carter. Councilman Stredicke noted for the record that the Utilities Committee was to meet with Mr. Vertrees and verified Mr. Vertrees had been notified of meeting. The sewer moratorium was discussed; it was noted the 361 allowed units are either built or building' permits issued. ORDINANCES AND RESOLUTIONS is s and Means The Ways and Means Committee Chairman Stredicke submitted committee !ommittee report recommending first reading of an ordinance amending the first Reading Subdivision Ordinance and Building Code relating to offsite improve- Qubdivision ments and providing for latecomer agreements. The report noted :uilding Code provision for latecomer agreements on paving was added to proposed ° endment ordinance placed on first reading 4/5/82 and was, therefore, resub- mitted for first reading. Following reading, MOVED BY STREDICKE, SECOND BY ROCKHILL, REFER ORDINANCE BACK TO THE WAYS AND MEANS COMMITTEE FOR ONE WEEK. CARRIED. ''-nior Housing The committee recommended first readings for the following ordi- nances: An ordinance was read appropriating funds in the amount of $35,450 for Senior Housing Land Acquisition. Following reading, it was MOVED BY STREDICKE, SECOND HUGHES, REFER ORDINANCE BACK TO THE WAYS AND MEANS COMMITTEE FOR ONE WEEK, CARRIED. A ley Vacation An ordinance was read providing for, vacation of alley located be- tween Burnett Ave. N and Park Ave. N and between N 32nd and N 33rd Streets as petitioned by Davidson (VAC Q3-82) . MOVED BY STREDICKE, SECOND HUGHES, REFER ORDINANCE BACK TO COMMITTEE FOR ONE WEEK. CARRIED. V'yel)c, C ESTABL,S..ED 189, ,• iiiMui mHERti`BA�IKNIti'EtztiMP y#1:9► 1- �ra'� 0 L . SECURITY REQUIRES CUSTQOY OF ENGRAVINGS PREPARED BY THIS COMPANY Cal oc_�. s;—,`,, V t P.O.BOX 6O8 ' . G� ��'�(1'S tI[�\C 01/ ' LA GRANGE,ILLINOIS 60525 TELEPH EA-t K `f 482-3 /�/ ` � AREA CODE 31'Q�7/. 15J C! Z� INVOICE TO: \mot L I - 'City of Ren on . , _ TERMS: NET ON RECEIPT OF INVOICE. Municipal Building Past Due Invoices are subject to a 1% per month • 200 Mill 1 Avienue South service charge(Annual Rate 12%) ' Renton, Wa=hington 98055 F.O.B. COUNTRYSIDE, ILL. Attn: Ms. Delores A. Mead PLEASE RETURN COPY WITH REMITTANCE I DATE REC'D I OUR JOB NO. INVOICE NO. DATE OF INVOICE CUSTOMER ORDER 5/4/82 1 Y 897 56781 5-24-82 ISSUER CITY OF RE TON, Washington Maximum QUANTITY DESCRIPTI•N No.of No.of No.of NUMBERED Maturities Coupons Rates Lot 1 460 $5000 Limited Tax General obligation 19 39 9 1-460 Bends, 1982 i Lot 2 365 $5000 Unlimited Tax General Obligation 19 39 10 1-365 Bends, 1982 Including legal opinions, 20 rates, CUSIP numbers, facsimile signatures, seal and 8 day service $2913.00 Shipping charges 141.63 $3054.63 1 SPECIMENS: (Ea h Lot) 4 - Mr, James -y (Roberts & Shefelman) 4100 Seafirst Fifth Ave. Plaza, 800 pi Ave. , Seattle, WA 98104 10 - Mr. Rich-rd T. Kennedy (Seattle-Northwest Securities Corp.) 3700 Seafirst Fifth1A e. Plaza, Seattle, WA 98104 3 - Ms. Delores A. Mead (w/shipment) SHIP TO: ; DATE SHIPPED VIA NUMBER OF r. PACKAGES I Ms. Del•res A. Mead 5-18-82 Federal 1 368091662 i . II 9zs®E Affidavit of Publication City ©f Renton Bond Sale •..:qe,, Bid Due,1VIays3 ,;4 , NOTICE OFIBOND SALE CITY OFIRENTON, 1 STATE OF WASH I NGTON WASHINGTON DING COUNTY—SSA $1,8$5,000 "GENERAL BLIGATION PARK BONDS,1982" $2,300,000 "LIMITED TAX GENERAL . The undersigned, on oath states that he is an OBLIGATION1BONDS, 1982" SEALED PROPOSALS will I authorized representative of The Daily Journal of Commerce, be received by tie City Clerk at i a daily newspaper, which newspaper is'a legal newspaper her outh, Renton, office in th City 200 Mill Avenueof general circulation and it is now and has been for more ' � Washington; until' 11:00 a. m., than six months prior to the date. of publication hereinafter local time on I refered to, published in the English language continuously day 3 1l bids as a dailynewspaper in Seattle, KingCount Washington, at which time �11 bids will be County, publicly opene and read for and it is now and during all of said time was printed in an the purchase of' (1) $1,825,00�1 par value of office maintained at the aforesaid place of publication of "General Obligation Park this newspaper. The Daily Journal of Commerce was on the Bonds, 1982'' (the "Park 12th day of June, 1941, approved as a legal newspaper by Bo ) $2) and b the Superior Court of KingCounty. $2,�300,00 par value of i p "Limited Taxi General Obli- i • ation Bonds; 1982" (the The notice in the exact form annexed, was published in "Limited Tax Bonds") ' regular issues of The Daily Journal of Commerce, which was iof theCity of Renton,Washing- ton (the "City") The bids for regularly distributed to its subscribers during the below each issue of bods will be con- sidered and acteId upon by the i stated period. Thw read spina (a i City Council at its regular meet- ing to be held in the Council' Chambers commiencing at 8:00 p. m.on the sanI date. i The Park Bonds will be dated i ApriI _2_2 a Zg&2 May 1, 1982; wil be in the de- . was published on nomination of$5fi 000 each; and will mature serially in varying ' amounts from ay 1, 1984, to May 1;2002,inclu ive. .The Limited T x Bonds will I be dated May 1, 1 82;will be in th5,600 c denominate' n e 7 each; and will m ture serially • ry,______ in varying amours s from May 11984,to May 1,20 2,inclusive. ' Coupon' rates i id for each $gbse�e �.�1d to before me on i bond issue may b in multiples A =11 okG I of s or of 1%,o both.The net • p effective interest ate shall not exceed 16%per an um. The approving S opinion ;i2e � i of Messrs.Robert &She elman � ��__ �JW. cc��CC � (Roberts, Shefe man,- Law- rence Gay& Moc ), attorneys, Notary Publreeidi the in StateSea o eWashington, Seattle, Washing on, will be furnished to the urchaser of each issue of bond without cost ' • to the purchaser, which legal opinion will he.printed on each 1 bond,and a no-ligation certifi- i cate will be included in the clos- i ' ing papers. I j The official No ice of Bond '. _ Sale and further information ' +_ _ _- --- concerning each issue of bonds i and the ordinances fixing the 1 purpose of their issuance and covenants and'tes thereof may be received pon request rn made to Seattle-N rthwest Se- , curities Corporation, 3700 Seafirst Fifth Avenue Plaza, • Seattle, Washington, the City's 1 financial.consultan;. DELORES A.MEAD, i , City Clerk. t Date of Publication in the , i Seattle Daily Journal of Com- merce,April 22, 19 2.(8975-B) • Affidavit of Publication STATE OF WASHINGTON ss. COUNTY OF KING Audrey J.oie being first duly sworn on oath,deposes and sa s that she..is the ah,j ef...a rk of • THE DAILY RECORD CHRONICLE,a newspaper published six(6)times a week.That said newspaper is a legal newspaper and it is now and has been for more than six xionths prior to the date of publication referred to, printed and publishe in the English language continually as a newspaper published four(4)tunes a week in Kent,King County,Washington,and it is now and during all o said time was printed in an office maintained at the aforesaid place of p blication of said newspaper.That the Daily Record Chronicle has been a proved as a legal newspaper by order of the Superior Court of the County in which it is published,to-wit,King County, Washington.That the annexedisa Notice of Bond Sale as it was published in regular issues(and not in supplement farm of said newspaper) once each issue for a period of 2 consecutive issues,commencing on the 22nd April. 82 day of ,19 ,and ending the 2.9:.bday of April ,19 82,both dates inclusive, and that uch newspaper was regularly distributed to its sub- scribers during all of said period. That the full amount of the fee charged for the fo egoing ?9 a , which g g g publication is the sum of has been paid in ful at the rate of per folio of one hundred words for the first insertion and per folio of one hundred words for each subsequent insertion. Zr.' -C �GZ�e___-, Chief Clerk Subscribed and sworn to before me this 29th day of April ,-19...8.2 P e ./ _ Notary Pu lic in for the State of Washington, residing at;Ke}r t, King County. Federal 1, av —Passed by the Legislature,1955,known as Senate Bill 281,effective June 9th, 1955. —Western Union Telegraph Co. rules for counting words and figures, adopted by the rewspapers of the State. V.P.C.Form No.87 Rev. -79 i f.1011-d-Notice public Notice Public Notice Public Notice Pu is Notice LP-lb-lid-Notice - -Public, o ice tUDIIc NH . NOTICE Or-.OND SALE to 460,inclusive;will b' '"terest payable on May 1,1983, that the same shall bear in accordance with the maturity CUSIP nr rs will be printed on the bondther CITY OF REN't WASHINGTON and semiannually ther ,�r on each succeeding November schedules above. issue,if regL.�,ad in the bid of the successful biduch $1,825,000 `GENERAL OBL/GATION_ PARK BONDS, 1 and May 1,interest to maturity to be evidenced by coupons Bidders shall submit bids specifying: issue,but neither failure to print such numbers oond- 192" to be attached to such bonds; and will be payable, both (a)The lowest rate or rates of interest and premium,if nor error with respect thereto shall constitute cor a$2,300,000 "LIMITED TAX GENERAL OBLIGATION principal and interest, at the office of the City of Finance any, above par at which the bidder will purchase such failure or refusal by the purchaser thereof to accvery•BONDS, 1982". Director or,at the option of the holder,at either fiscal agency bonds;or of and pay for such bonds in accordance with ts ofSEALED,PROPOSALS will be received by the City Clerk of the State of Washington in Seattle,Washington,or New (b)The lowest rate or rates of interest atwhich the bidder the purchase contract.All expenses in relation to tingat her office in the City Hall,200 Mill Avenue South,Renton, York,New York.The Limited Tax Bonds will mature serially, will purchase such bonds at par. of CUSIP numbers on such bonds shall be paid City; . Washington,.until 11:00 a.m.,local time,on annually,in order of their numbers on May 1 of each of the No bid will be considered for the bonds of either issue for but the fee of the CUSIP Service Bureau for the assignment _^ May 3, 1982, following years: less than par and accrued interest,or for less than the entire of those numbers shall be the responsiblility of and shall be , at which time all bids will be publicly opened and read for Bond Numbers Maturity issue.The purchaser must pay accrued interest, if any,to paid by the purchaser. purchase of (Inclusive) - Amounts • Years date_ot-delivery of the bonds_of each issue. , It is understood that if,priorto-the-delivery ofthe-bonds_of . (a) $1,825,000 par value 'General Obligation Park • 1 to 6 $ 30,000 1984 Coupon rates shall be in multiple of 1/8 or 1/20 of 1%,or either issue,the interest receivable by the holders thereof Bonds, 1982"(the"Park Bonds"),and 7,to 13 $ 35,000 . 1985 both.No more than one rate of interest may be fixed for any shall become taxable,directly or indirectly,by the terms of (b) $2,300,000 par value of "Limited Tax General 14 to 21 $ 40,000 1986 one maturity.Only one coupon will be attached to each of any federal income tax law,the successful bidder may at its Obligation Bonds,1982"•(the Limited Tax Bonds"), 22 to 30 $ 45,000 1987 the bonds of each issue for each installment of interest option be relieved of its obligation to purchase such bonds, of the City of Renton,Washington(the"City").The bids for 31 to 40 -- $ 50,000 1988 thereon, and bids providing for additional or supplemental and in such case the deposit accompanying its bid will be each issue of bonds will be considered and acted upon by 41 to 52 - $ 60,000 1989 coupons will be rejected.The maximum differential between returned,without interest. the City Council at its regular meeting to be held in the 53 to 65 $ 65,000 1990 the lowest and highest coupon rates named in any bid shall- The City will cause the bonds of each issue to be printed or Council Chambers commencing at 8:00 p.m.,local time,on 66 to 80 $ 75,000 1991 not exceed 3%. lithographed and signed without expense to the successful i the same date. " 81 to 97 $ 85,000 1992 For the purpose of comparing the bids only,the coupon bidder. 98.to 116 $ 95,000 1993 rates bid being controlling;each bid shall state the total The approving legal opinion of Messrs. Roberts & BONDS-DESCRIPTION * 117 to 138 $110,000 • 1994 interest cost over the life of the bonds and the net effective Shefelman (Robers,Shefelman, Lawrence, Gay&Moch), The Park Bonds are to be issued by the City pursuant to a 139 to 163 $125,000 1995 rate of the bid. attorneys, Seattle, Washington, will'be furnished to the special election authorizing the same for strictly municipal 164 to 191 $140,000 1996 The City reserves the right to waive any irregularity or purchaser of the bonds of each issue without cost to the capital purposes,other than the replacement of equipment, 192 to 223 $160,000 1997 informality in any bid or in the bidding process. - purchaser,which legal opinion will be printed on each bond. I as provided by Ordinance No.3336 of the City passed and 224 to 259 ' $180,000 1998 The bonds of each issue shall be,sold to the bidder making Bond counsel shall not be required to review or express any approved July 23,1979,es amended,authorizing the Park 260 to 300 $205,000 - 1999 the best bid for that issue, subject to the right of the City opinion concerning the completeness or accuracy of any Bonds. 301 to 347 $235,000 2000 Council to reject any and all bids for either or.both issues and official statement, offering circular or,other sales material • The Limited Tax Bonds are to be issued by the City 348 to 400 . . $265,000 2001 to readvertise the bonds of such issue or issues for sale in issued or used in connection with the bonds of either issue, + pursuant to Ordinance No. 3620 of the City passed and 401 to 460 $300,000 i 2002 the manner provided by law,and no bid for less than all of the and bond counsel's opinions shall so state.. approved April 12, 1982. - . bonds of one of the issues shall be considered. . Information concerning the bonds of each issue may be The Park Bonds will be dated May 1,1982;will be in the The City has reserved the right to redeem any or all of the All bids shall be sealed and,except for the bid of the State received upon request made to Seattle-Northwest Sec- denomination of$5,000 each;will be numbered from 1 to bonds of each issue prior to their stand maturity dates as a of Washington,if one is received,all bids for the Park Bonds unties Corporation, 3700 Seafirst Fifth Avenue Plaza, 365, inclusive;will bear interest payable on May•1, 1983, whole,or in part in inverse numerical order,on May 1,1982, shall be accompanied by a deposit of$91,250,and all bids Seattle,Washington,the City's financial consultant. - . and semiannually thereafter on each succeeding November or on any semiannual interest payment date thereafter,at for the Limited Tax Bonds shall be accompanied by a DATED at Renton, Washington, this,12th day of April, 1 and May 1,interest maturity to be evidenced by coupons par, at the following percentage of par if called on the deposit of$115,000.Each deposit shall be either by certified 1982. to be attached to such bonds; and will be payable, both following dates,plus accrued interest to date of redemption: or cashier's check made payable to the City Finance DELORES A. MEAD, i principal and interest, at the office,of the City Finance Director and shall be returned promptly if the bid is not City Clerk Director or,at the option of the holder,at either fiscal agency - Call Date Call Prices accepted.The City reserves the right to invest each of the Published in The Daily Record Chronicle April 22 and 29, of the State of Washington in Seattle,Washington,or N'ew On May 1,1992,or November 1,.1982 York, New York. The Park Bonds will mature serially, On May 1,1993,or November 1,1993 101% good faith deposits of the purchasers pending the payment 1982. R7081. 100.5% for the bonds of that issue. The purchasers shall not be • annually,in the order of their numbers on May 1 of each of On May 1,1994,or thereafter 100% credited for such earnings. If the bonds of either issue are,..1 __ the following years: • . The City,by Ordinance Nos.3336,as amended,and 3619 ready for delivery and the 'successful bidder shall fail orb with regard to the Park Bonds, has pledged irrevocably to neglect to complete the purchase of such bonds within forty Bond Numbers' Maturity (Inclusive levy taxes annually,without limitation as to rate or amount, days following the acceptance of its bid,the amount of its, Amounts ' Years 1 to 5 on all property in the City subject to taxation in an amount deposit shall be forfeited to the City and in the event the Cityl $°25,000 1984 6 to 11 sufficient,together with other money legally available and to may accept the bid of the one making the next best bid.If, $ 30,000 1985• 12 to 18 be used therefor,to pay the principal of and interest on the there be two or more equal bids for the bonds of one issue for, . - $ 35,000 1986 19 to 25, Park Bonds as the same shall accrue, and the full faith, not less than par plus accrued interest and such bids are the, $ 35,000 - - 1987 26 to 33 credit and resources of the City have been pledged best bids received for that issue, the City Council shall $ 40,000 • 1988 34 to '42 irrevocably for the payment of the principal of and interest on determine by lot which bid shall be accepted. $ 45,000 1989 % 43 to -53 the Park Bonds. Any bid presented after the time specified for the receipt of $ 55,000 1990 54 to 65 The City, by Ordinance No. 3620 with regard to the .bids wil not be received and any bid not accompanied by thel $ 60,000. 1991 • 66 to 79 Limited Tax Bonds, has pledged irrevocably to levy taxes required bid deposit at the time of opening such bid will not; $ 70,000. - 1992 • 80 to 94 *annually,within the constitutional and statutory tax limita- be read or considered. $ 75,000 - . 1993 95_-to 111 tions provided by law without a vote of the electors of the - DELIVERY OF BONDS 4 ' $ 85,000 • \ 1994 - 112 to 131 City,.on all property in the City subject to taxation in an The bonds of each issue will be delivered to the $100,000 - , 1995 132 to 153 amount sufficient, together with other money legally successful bidder upon payment of the purchase price of_ $110,000 • - 1996 154 to 178 available and to be used therefor,to pay the principal of and each issue plus accrued interest to the date of delivery,less, $125,000 • 1997 . 179 to 207 interest on the Limited Tax Bonds as the same shall accrue, the amount of the good faith deposit,at the office of the City; $145;000- 1998- -----"--208-to-239 and the full faith,-credit-andtresources of the City have been Clerk-or in Seattle,Washington,-at-the City's expense,or at' $160,000 1999 240 to 276 pledged irrevocably for the payment of the principal of and such other place as the City Clerk and the successful bidde 1 $185,000 2000 277 to 318 interest on the Limited Tax Bonds. for such bonds may mutually agree upon at the purchaser's $210,000' 2001 319 to 365 - BID PROPOSALS-SALE - expense. Settlement shall be made in federal funds $235,000 2002 Bidders are invited to submit proposals for the purchase of immediately available at the time of delivery of each issue o1 The Limited Tax Bonds will be dated May 1,1982;will be either or both issues of bonds fixing the interest rate or rates, bonds. A no-litigation certificate in the usual form will be in the denomination of$5,000 each;will be numbered from 1 not to exceed a maximum effective rate of 16%per annum, included in the closing_papers for the bonds of each issues ■EN Se le ___MIMI S CUR thwest �2\' l2324?,, SECUR ES CORPORATION SEAFIR•T FIFTH AVENUE PLAZA 4 <r" ! NON9 ITE '700 6)6.8-2882 �0 s£� ME ORANDUM' �1f-4 f L9 i Dat-: May 19, 1982 Re: $1,825,000 "General Obligation Park Bonds, 1982" $2,300,000 "Limited Tax General Obligation Shop Bonds, 1982" Deli.ery of the above bond issues will be at 11:00 a.m. on May 20, 1982 in the Tru t Secu ities Department, 10th floor of the Seattle-First National Bank Building. the bonds will be signed by. Mrs. Mead, delivery to the bank and checked by repr:senatives of Seattle-First National Bank prior to the delivery. for •ayment of the bonds, Seattle-First National Bank will issue two federal fund draf s as follows: $1,825,000 $2,300,000 Park Bonds Shop Bonds Principal Amount $1,825,000.00 $2,300,000.00 Accrued Interest 11,713.50 15,088.24 1,836,713.50 2,315,088.24 Less Good Faith Deposit 91,250.00 115,000.00 Amount of Check $1,745,463.50 $2,200,088.24 If yo have any questions, please contact the undersigned. Richard T. Kennedy cc: Mr. Ted Bennett Mrs. Del Mead Mr. James Gay _ I � ROBERTS & SHEFELMAN 4100 SEAFIRRT FIFTH AVF:NI'h: PLAZA 800 FIFTH AVI.:Nt'I SI ATTLE. WASHINOTON i (306) 62,2-1818 May 20, 1982 • City of Rent•n, Washington Invoice Number: (Please refer to invoice number on remittance check.( 1 I Legal servic s as bond. counsel including preparation f legal proceedings and furnishing approving bo d opinion and arbitrage opinion on $1, 825, 00 par value of "Unlimited Tax General Obligation' Park Bonds, 1982" dated May 1, 1982, and including additional services furnished pertaining to drafting of remedial legislation and assisting the City in securing its passage through the Btate Legislature. $4,550.00 Out-of-pockei. expenses: Long,, !diLtance telephone charges $ 3. 00 Federal Express charges . 9 .50 12.50 Total amount due $4,562.50 ' i . I 1 JG/vlv . • ROBERTS & SHEFELMAN (ROBERTS, SHEFELMAN. LAWRENCE. GAY & MOCH) COUNSEL 4100 SEAFIRST FIFTH AVENUE PLAZA OF COUNSEL HAROLD S. SHEFEL AN {VII.LI.\Tf N. APYEL 800 FIFTH AVENUE ROGER W. DI'RROCK• JAMES GAY ROGER L. HUDSON• SEATTLE, WASHINGTON 98104 ROBERT O. MOCH DA ID B. BUKEY RETIRED GEORGE M. MACK i EL :Ft B. BURROUGHS (208) 622-1818 TEL 32-1032 VICTOR D. LAWRF.NC BRIAN L. COMBTOCH LIN'�A R. RADOFF JAMES C. HARPER TIMOTHY R. CLIFFORD PA L W. KOVAL• TELECOPIER - (206) 624-2666 LEE R. VOORHEES, JR. I KA'EN S. WATTS JAMES P. WETER (1877- 959) DAVID B. SWEENEY JU ITH A. SHULMAN F. M. ROBERTS (1880-1 73) WILLIAM 6. TONKIN WA TER T. FEATHERLY III• DAVID A. BENNETT MI•HAEL H. RORICK ROBERT H. CAMPBELL AM H. GALLAGHER ANCHORAGE OFFIC ROBERT Q. MULLENDORE•• RO=EMARY P. HAFFNER• SUITE 1500 GARY N. ACKERMAN I DE N E. JOHNSON 2550 DENALI STREET ROGER A. MYKLEBUBT MIC AEL D. KUNTZ ANCHORAGE, ALASKA 99503 DIANE D. KENNY ED IN D. RAUZI (907) 276-1358 JON W. MACLEOD EMILY C. VRIEZE TELECOPIER - (907) 272•:332 PAUL L. AHERN, JR. BE NET A. MCCONAUGHY TERESA V. BIGELOW • ALASKA BAR •• ALASKA ND WASHINGTON BARS ALL OTHERS WASHING N BAR ONLY Re: C ' ty of Renton, Washington, $1 ,825,000 "Unlimited T x General Obligation Park Bonds, 1982" I, Rob-rt H. Campbell, make this certification on behalf of the, law fir of Roberts & Shefelman (Roberts, Shefelman, Lawrence, Gay & Moch) , Seattle, Washington, and certify as follows: 1 . , I am a member of the law firm of Roberts & Shefelman (Roberts, S efelman, Lawrence, Gay & Moch) of Seattle, Washington, bond counsel for the City of Renton, Washington ( the "City" ) , and I have read t e May 20, 1982, Certification of Mayor Barbara Y. Shinpoch co cerning the City' s $1 ,825,000 "Unlimited Tax General , Obligation 'ark Bonds, 1982" dated May 1 , 1982 , and delivered and paid for on May 20, 1982 (the "Bonds" ) . 2. i I have conducted an investigation regarding the issuance of the Bond which has included a review of the transcript of proceedings had by the City relating to the issuance of the Bonds and consultation with Mr. John Webley, City Parks Director. My investigation included inquiries regarding : a The commencement and completion dates of the acgiiis tion and construction of the Improvements, as that term' i defined in Mayor Shinpoch ' s May 20, 1982, certi- ficati n, the City' s plans to proceed with due diligence with w rk on or acquisition of the Improvements and' the execut on or plans for execution by the City of the binding obligation with a third party referred to in Mayor Shinpoch' s certification; I b. The amount and timing of expenditures of procee s of the Bonds and any investment or reinvestment earnin s therefrom received during the term of the Bonds upon t e Improvements or upon administrative expenses of the issue during the temporary period; c. The funds reasonably expected as of the date of Mayor Shinpoch' s certification to be utilized for the paymen of principal of or interest on the Bonds and the timing of those expenditures; d The existence or nonexistence of proceeds of thepo ds or funds treated as proceeds of the Bonds follow' ng the appropriate temporary period for investment of those proceeds; e. The City' s plans for the sale or disposition of the Im rovements; j } it f. The amount needed for the purpose of the Bonds andithe amount of the Bonds; and g. The structuring of the debt service schedule for 'thle Bonds. 3. j I is my unqualified opinion, which is given in good faith and which .I believe is reasonable, that the Bonds are not arbitrage bonds. Dated iay 20, 1982. ROBERTS & SHEFELMAN By Robert H. Campbell JG-Z/B23 II ROBERTS & SHEFELMAN r (ROBERTS. SHEFELMAN, LAWRENCE. GAY & MOCH) COCNBEL 4100 SEAFIRST FIFTH AVENUE PLAZA OF COUNSEL HAROLD S. SHEFELMAN 800 FIFTH AVENUE ROGERI ,`W. DL'B ROC K• JAMES GAY ROGER L. HL'DBON• BEATTLE. WASHINGTON 0S104 1 ROBERT 6. MOCH DAVID B. BUKEY RETI Fj EA: I) GEORGE M. MACK BLAIR B. BURROUGHS (2O8) 922-1818 TELEX 32-1032 VICTOR D. IAA N'R F.NCE BRIAN L. COMSTOCK LINDA R. RADOFF JAMES C. HARPER TIMOTHY R. CLIFFORD PAUL W. KOVAL• TELECOPIER - (206) 624-2666 LEE R. VOORREEB, JR. KAREN S. WATTS JAMES P. W ETF.R (1877-1959) DAVID B. SWEENEY JUDITH A. SHULMAN F. ➢S. RGBF.RTS I(]BBO-1973) WILLIAM 6. TONKIN WALTER T. FEATHERLY HP DAVID A. BENNETT MICHAEL H. RORICK ROBERT H. CAMPBELL AMY H. GALLAGHER ANCHORAGE OFFICE ROBERT 6. MULLENDORE•• ROSEMARY P. HAFFNER• SUITE 1500 GARY N. ACKERMAN DEAN E. JOHNSON - 2550 DENALI STREET ROGER A. MYKLERUST MICHAEL D. KUNTZ ANCHORAGE. ALASKA 99503 DIANE D. KENNY EDWIN D. RAUZI May 20 , 1982 (907) 270-1358 JON W. MACLEOD EMILY C. VRIEZE TELECOPIER - (907) 272-8332 PAUL L. AHERN. JR. BENNET A. MCCONAUGHY TERESA V. BIGELOW • ALASKA BAR •• ALASKA AND WASHINGTON BARS ALL OTHERS WASHINGTON BAR ONLY City of Renton, Washington and Seattle-Northwest Securities Corporation 3700 Seafirst Fifth Avenue Plaza Seattle, Washington and The Northern Trust Company 30 South LaSalle Street Chicago, Illinois and . Associates Re: City of Renton, Washington, $1 , 825, 000 "Unlimited Tax General Obligation Park Bonds, 1982" We have examined a certified transcript of proceedings had by the City of Renton, Washington (the "City" ) , relating to its issuance off the above-referenced bonds (the "Bonds" ) , and also have examined executed Bond No. 1 with coupons attached. The Bonds are in the denomination of $5,000 each; are numbered from 1 to 65, inclusive; are dated May 1 , 1982; and bear interest at the rates set forth below, payable on May 1 , 1983, and semi- annually thereafter on each succeeding November 1 and May 1 . The Bonds bearlinterest and mature on May 1 of each year in accordance with the following schedule: Bond Nlumbers Interest Maturity (Inclusive) Amounts Rates Years 1 to 5 $ 25,000 13.75% 1984 6 to 11 30,000 13.75% 1985 12 to 18 35,000 13.75% 1986 19 to 25 35,000 13 .50% 1987 26 to 33 40,000 13. 50% 1988 34 to 42 45,000 13.50% 1989 43 to 53 55,000 13.50% 1990 54 ' to� 65 60,000 13.25% 1991 66 to 79 70,000 13.25% 1992 80 to 94 75,000 11 .25% 1993 95 'to 111 85,000 11 .40% ' 1994 112 'to 131 100 ,000 11 . 50% 1995 i IBgnd Numbers Interest Maturity (Inclusive) Amounts Rates Years 132 to 153 110,000 11 .70% 1996 154 to 178 125,000 11 .80% 1997 179 to 207 145,000 11 .90% 1998 208 to 239 160,000 12.00% 1999 2. 0 to 276 185,000 12.00% 2000 2 7 to 318 210,000 12.00% 2001 3 9 to 365 235,00.0 11 .75% 2002 Th - City has reserved the right to redeem any or all of the Bonds p for to their stated maturity dates as a whole, or in part in ine , se numerical order on May 1 , 1992, or on any semiannual inter,es . payment date thereafter, at the times, at the prices and in the anner set forth in the Bonds. Th= City irrevocably has pledged to levy taxes annually, without limitation as to rate or amount, on all property in the City su•ject to taxation in an amount sufficient, together with other money legally available and to be used therefor, to pay the principa of and interest on the Bonds as the same shall become due, and the full faith, credit and resources of the City have been ple ged irrevocably for the payment of the principal of and interest on the Bonds. We have not reviewed and thus express no opinion concerning the camp eteness or accuracy of any official statement, offering circular or other sales material relating to the 'issuance of the Bonds .or otherwise used in connection with the Bonds. I,t 's our opinion that, as of the date of the initial deliver of the' B nds to the purchasers thereof and full payment therefor, ( 1 ) the onds have been lawfully issued and constitute a valid general obligation of the City payable from annual ad valorem taxe to be levied without limitation as to rate or amount upon the taxable property within the City, except only to the extent that enforceme t of payment may be invited by bankruptcy, insolvency or other law affecting creditors ' rights generally, and (2) under existing ederal law and rulings, the interest on the Bonds is ' exempt 'fr•m federal income taxation. Respectfully submitted, I 1 i • • JG-Z/B26 - 2 - • , ef F Inil l 111 1- '- NORTHERN BANK NOTE COMPANY SECURITY REQUIRES CUSTODY OF ENGRAVINGS PREPARED BY THIS COMPANY P.O.BOX 608,- We. Telephone LA GRANGE,ILLINOIS 60525 312/482-3900 ' 1982 Telecopier May 12, 311 482-3332 Mr. James Gay c�0 Roberts & Shefelman c �p,19a N 4100 Seafirst Fifth Avenue Plaza �� 800 Fifth Avenue eCO �C��0..0 _A Seattle, Washington 98104 'P OWR s0 6�p,U`'' Re: CITY OF RENTON, Washington £ �� 460 $5000 Limited Tax General Obligation Bonds, 1982 ' Maturing 1984 - 2002 365 $5000 Unlimited Tax General Obligation Park Bonds, 1982 Maturing 1984 - 2002 Dear Jim: 0 We have received final approval on May 7, 1982 to print the above refe:cenced issue and are scheduling shipment on May 18, 1982. The completed bonds will be shipped via Federal Express to Ms. Delores A. Mead . P Duplicate copies of maturity schedules are enclosed for your review. — As we are in the final stages of printing, please check them over carefully. One schedule should be signed and returned for our file. By copy of this letter, we are forwarding the copy to Ms. Mead for her records. Should there be any question pertaining to this issue, do nct hesitate calling me. Sincerely yours, 61-141A--/Rn - William D. Warner Vice President WDW: cf Enclosures cc-w/encls: Ms. Delores A. Mead LOT 1 ', To NORTHERN K NOTE COMPANY, P.O. BOX 608, LA GRANGE, OIS 60525 DF/ Pt. SCHEDULE OF SERIAL MATURITIES DATE May 4, 1982 ORDER No. Y 89�! TITLE CITY OF RENTON, Washington _. D E S.0 R I P T I Oli N Limited Tax General Obligation Bond, 1982 DATED May 1, 1982 OF ISSUE ' QUANTITY 1 460 DENOMINATION . . $5000 COUPON NO. 1 PAYABLE May 1., 1983 BALANCE PAYABLE. Nov. 1 & May 1 Orange 455 $5000 Filing CUSIP QUANTITY ! NUMBERS 760133 PAYABLE COUPON SERIAL NOS. �NRATEST COUPON AMOUNTS 6 1 - 6 DP 0 MAY 1, 1984 1 - 3 13.75% No. 1 $687.50 Ba . $343.75 7 7 - 13 DR 6 85 5 8 14 - 21 DT2 86 7 9 22 - 30 DV 7 87 9 10 31 - 40 DX 3 88 11 12 41 - 52 DZ 8 89 13 13 li 53 - 65 EB 0 90 15 15 , 66 - 80 ED 6 91 17 17 81 - 97. EF 1 92 19 19 98• - 116 EH 7 93 21 11.50% No. 1 $575.00 Bal. $287.50 22 j 117 - 138 EK 0 94 23 11.70% No. 1 $585.00 Ral . $292.50 25 139 - 163 EM 6 95 25 11.80% No. 1 $590.00 Bal. $295.00 28 1 4 - 191 . EP 9 96 . 27 11.90% No. 1 $595.00 $.2Z�,S.0 . 32 1 2 - 223 ER 5 97 29 12.00% . No. 1 $600.00 Bat $300.00 36 224 - 259 ET 1 98 31 ' 12.10% No. 1 $605.00 Bal. 302,50 • 41 , 260 - 300 EV 6_ . , 99 33 12.20% No. 1 $610.00 Bad.,, 005,00 47 3$1 - 347_ . EX 2 2000 35 12.25% No. 1 $612.50 i Bat. $306.25 53 j 3 8 - 400 EZ 7 01 ' 37 r 60 1411 - 460 FB 9 . . 02 39 . APPROVED BY LOT 2 DF/ To NORTHERN ( NOTE COMPANY, P.O. BOX 608, LA GRANGE, I )IS 60525 , SCHEDULE OF SERIAL MATURITIES I DATE May 4, 1982 ,ORDER No. Y 897 .. TITLE i CITY OF. RENTON, Washington DESCRIPTION Unlimited TaxGeneral Obligation Park Bond, DATED May 1, 1982 OF ISSUE ; , 1982 QUANTITY 365 DENOMINATION . $5000 COUPON NO. 1 PAYABLE May 1, 1983 BALANCE PAYABLE . Nov. 1 & May 1 I Slate4,55 $5000 Filing CUSIP I QUANTITY 1 NUMBERS 760133 PAYABLE I COUPON SERIAL NOS.I INTEREST COUPON AMOUNTS 5 1 5 DQ 8 MAY 1, 1984 . 1 - 3 13.75% No. 1 $687.50' I Bal. $343.75 6 1 6 - 11 DS 4 85 5 7 i 12 - 18 DU 9 . 86 7 1 7 19 25 DW 5 87 .9 13.50% No. 1 $675.00 Bal. $337.50 8 I 26 - 33 DY 1 88 .. . . 11 .. . . 9 I, 34 - 42. EA 2 89 13 I I 11 i . 43: - 53 . EC 8 90 15 12 1 54 - -65 . EE'4 . . . 91 17 . 13.25% No. 1 $662.50 Bal. $331.25 14 I 66 79 ' EG 9 92 . .19 15 80 - 94 EJ 3 93 21 11.25% No. 1 $562.50 Bal, $281.25 17 95 111 EL 8 94 23. 11.40% No. 1-$570.00 _ _ Bal_ $285_00 20 112 - 131 EN 4 95 25 11.50% No. 1 $575.00 BaL 8237.50 22 1 132 153 EQ 7 ' 96 27 11.70% . No. '1 $585.00 Bal,. $292.50 25 j 154 - 178 ES 3' '97 29 11.80% No. 1 $590.00 1 Bal. $295.00 29 179 - 207 EU 8 98 31 11.90%, No. 1 $595.00 t Ba 297 50 32;... 208 - 239 . EW 4 :99 33 12.00% No. 1 $600.00 . Bal $300.00 37 I 240 - ,276 EY 0 2000 35 42 1 277 318 FA 1 01 37 II. 47 ; ' 319 - 365 ;FC 7 02 39 . 11.75% No. 1 587.50 , Bal . $293.75 i APPROVED BY . h . . OFFICIAL STATEMENT CERTIFICATE I„ DOLORES A. MEAD, City Clerk of the City of Renton, Washinggto (the "City" ) , certify that to the best of my knowledge and belie , and after reasonable investigation, (a) neither the Official '.tatement relating to the City's "Unlimited Tax General Obligatio Park Bonds, 1982, " and "Limited Tax General Obligation Bonds, ; 19 :2, " nor any information furnished by the City supple- mentary t ereto contains any untrue statement of a material fact or omits to state any material fact necessary to make the statements therein, in light of the circumstances under which they were made, not misl=ading in any material respect; nor (b) since the date of that qff' cial Statement and any such supplementary information has any even, occurred which should have been set forth in an amendment or suppl:ment to that Official Statement which has not been set forth + in such supplementary information; nor (c) has there been any material adverse change in the operation or financial affairs of the City since the date of that Official Statement. DATED this 20th day of May, 1982. DELORES A. MEAD, City Clerk JGX/B25 i I II i' CERTIFICATION OF - BARBARA Y. SHINPOCH I CONCERNING $1 ,825,000 "UNLIMITED TAX GENERAL OBLIGATION PARK BONDS, 1982" ;i OF THE CITY OF RENTON, WASHINGTON 1 I, IBARBARA Y. SHINPOCH, make this certification on behalf of I' the City of Renton, Washington ( the "City" ) , and certify as follows: d 1 .;I I am the Mayor of the City and am an officer of the City respons�ib e for issuing the City' s $1 ,825,000 "Unlimited Tax General Obligation Park Bonds, 1982," dated May 1 , 1982 , and ir delivered and paid for on the same date as the date of this certi- fication ( the "Bonds" ) . 2. The following is a summary of the facts and estimates with respect to the Bonds which I reasonably expect to be true on the date the Bonds are issued. I a. Purchaser and Purchase Price of the Bonds. The BondsI;wi 1 be sold to Seattle-Northwest Securities Corporation of Seattle, Washington, and The Northern Trust Company of Chicago, Illinois and Associates (the "Purchasers" ) , at a price of par, plus accrued interest. b. . Purpose of Issuing the Bonds. The Bonds are being issued for the purpose of providing the funds necessary to pay th cost pf completing the construction of recreational facilities including boat launch, fishing pier, trails, day moorage, parking, floating structures and other equipment and materials incidental thereto ', at the Gene Coulon Memorial Beach Park (the "Improve- ments" ) as provided by City Ordinance No. 3619. I I 1 c. Construction Schedule for the Improvements. 1 ) Cost of the Improvements. The cost of the Improvements is estimated to be $9,400,000, which cost has been or will' 137 paid from the proceeds of the issuance and sale of $6,00000! "Unlimited Tax General Obligation Park Bonds, 1980, Series1A," and investment earnings therefrom, $706,000 grant funds, and the p oceeds of the issuance and sale of the Bonds. The net amountireeived by the City as a result of the sale of the Bonds, after pay ent of all expenses of issuing, selling and delivering the Bouids, including the discount, is not expected to exceed the amountn-cessary for the completion of the Improvements. 2) Commencement of Construction. Construction of the Improvements began in 1980 , and the proceeds of the Bonds will be used to complete the Improvements. A final construction con- tractAn the amount of $3 ,308,000 between the City and Caluccio Construction Company has been entered into for the completion of the construction of seven buildings, fencing, landscaping and irrigati n. It is anticipated that this work will be substantially completed in September, 1982. The City anticipates there will be appro;li ately $300,000 remaining from the bond proceeds and invest- ment ea•nings therefrom at that time which will be used for the acquisi ion of park furniture and equipment and landscaping. 3) Completion of Construction. Work on the Improve ents is expected to proceed with due diligence to comple- tion, w ich is expected to occur by April 1 , 1983 , by which date all of he proceeds of the issuance and sale of the Bonds and any investor nt earnings therefrom will have been expended upon the Improv ents. d. Funds Into Which Proceeds from the Issuance and Sale of the Bonds will be Deposited. The principal proceeds to be - 2 - derived; by the City from the issuance and sale of the Bonds will be deposit0 in the City' s "Gene Coulon Memorial Beach Park Construc- t tion Fund" and utilized for the payment of the costs of the Improve- ments ass -forementioned. The accrued interest to be received by the City 'rom the Purchasers of the Bonds will be deposited in the City' s :"G-neral Obligation Park Bond Fund, 1982" (the "Bond Fund" ) , and utilli ed for payment of debt service on the Bonds on their first interest payment date. e. Payment of Bonds 1 ) Debt Service Structure. The Bonds are general obligation bonds of the City and by statute must be serial in form and have approximately level debt service. As much of the debt servicie •n the Bonds as is practicable has been scheduled in each year bef•re May 1 , 1992, the first call date of the Bonds. 2) Source of Payment. The Bonds are payable from the proc-eds of property taxes levied against real property subject to taxat on located within the City and other funds available therefor. Those funds which are expected to be used to pay princi- pal of o interest on the Bonds will be deposited in the Bond Fund and utilized within 13 months of their deposit in that fund for payment of principal of or interest on the Bonds. It is expected that ;th Bond Fund will be depleted at least once a year, except for a4 reasonable carry-over, which is expected to be no more than the greater of one year' s earnings on that fund or 1/12 of the annuli ebt service of the Bonds. The City has not created or established and does not expect to create or establish any sinking fund , or other similar fund for the Bonds other than the Bond Fund. f. Expenditure of Investment Income. It is anticipated that all earnings from the investment of proceeds of the issuance and 'sale of the Bonds will be spent upon the Improvements by April 1 , - 3 - '� A f ' 1983 , and that all earnings from the investment of City non-bond proceed funds expected to be utilized to pay principal of or interest on the Bonds will be spent upon principal of or interest on the Bon s within one year of receipt of those earnings or will I be commingled with non-bond proceed funds of the City within one year ofi r ceipt of those earnings. g. Sale of Improvements. The City has no plans to sell or dispos of any part of the Improvements, which have a life expectant of more than the term of the Bonds, except to replace 1 worn-out arts or equipment. 3. To the best of my knowledge, information and belief, the above exp ctations are reasonable. 40 The City has not been notified of any listing of it 1 by the ; Internal Revenue Service as an issuer that may not certify its Bonds. , 51 This certificate is being executed and delivered pursuant to sections 1 . 103-13, 1 . 103-14 and 1 . 103-15 of the Income Tax Regulaticns under the Internal Revenue Code of 1954, as amended. DATED May 20, 1982 . 1 CITY OF RENTON, WASHINGTON i ByiG ril-I'• 01 cL BARBARA Y. SHINPOCH Mayor it , JG-ZB6 - 4 - , I • I , l SIGNATURE IDENTIFICATION AND NO-LITIGATION CERTIFICATE I, ' DELORES A. MEAD, certify that I am the City Clerk of the City of,` Rnton, Washington, and have been at all times since October; 11 1972, and that BARBARA Y. SHINPOCH is the Mayor of the' City of; R nton, Washington, and has been at all times since January 1 , 1980'. . I jfu ther certify that I have executed $1 ,825,000 of "Unlimited Tax Genersl Obligation Park Bonds, 1982 ," of the City of Renton, Washington, numbered from 1 to 365, inclusive, in the denomination of $5,000 each, dated May 1 , 1982, and bearing interest at the rates set forth below, payable on May 1 , 1983 , and semiannually thereafter on each succeeding November 1 and May 1 . The bonds bear interest and mature on May 1 of each year in accordance with the following schedule: Bond Numbers Interest Maturity ;( Inclusive) Amounts Rates Years to 5 $ 25,000 13.75% 1984 ' to 11 30,000 13.75% 1985 : 1 to 18 35, 000 13.75% 1986 19 to 25 35,000 13. 50% 1987 26 to 33 40 ,000 13. 50% 1988 34 to 42 45,000 13.50% 1989 4p to 53 55,000 1T. 50% 1990 54 to 65 60,000 13.25% 1991 66 to 79 70,000 13 .25% 1992 ' 8 to 94 75,000 11 . 25% ' 1993 95 to 111 85,000 11 .40% 1994 1112 to 131 100,000 11 .50% 1995 1132 to 153 110 ,000 11 .70% 1996 1 4 to 178 125 ,000 11 .80% 1997 1 to 207 145 ,000 11 .90% 1998 ; 2q8 to 239 160,000 12.00% 1999 12 0 to 276 185,000 12.00% 2000 12/7 to 318 210, 000 12.00% 2001 319 to 365 235,000 11 .75% 2002 ,I further certify that I have signed each of the aforesaid bonds, as City Clerk of the City of Renton, Washington, and that the bond bear the facsimile signature of BARBARA Y. SHINPOCH, Mayor of the City of Renton, Washington, and that the coupons attached to the bonds each bear our facsimile signatures. I further certify that no litigation of any nature is now pending or, to my knowledge, threatened, restraining or enjoining the issuance and delivery of the bonds or the levy and collection • of taxels to pay the principal and interest, or in any manner ques- tioning the validity of the bonds thereunder, that neither the cor- porate existence or boundaries of the City nor the title of the presen officers to their respective offices is being contested, and th t no authority or proceedings for the issuance of such bonds has been repealed , revoked or rescinded. S=GNED this 20th day of May, 1982. 4e4 Id Q DELORES A. MEAD, City Clerk of the City of Renton, Washington i I I , 1 I •CEtTIFY that I am Dean E. McBride, Vice President and Manager of the Peoples National Bank of Washington, Renton Branch and that I am personal) acquainted with DELORES A. MEAD, and that I know that she is now and was at the time of signing the $1 , 825,000 of "Unlimited Tax General Obligation Park Bonds, 1982, " dated May 1 , 1982, of the City of Renton, Washington, and the Signature Identification and No-Litigation Certificate to which this certificate is attached, the duly acting City Clerk of the City of Renton, Washington. I d further identify the signature of DELORES A. MEAD as City Clerk of the City of Renton, Washington, on the above-described bonds and the certificate attached as being in all respects genuine and the facsimile signature of BARBARA Y. SHINPOCH as Mayor of the City of Renton, Washington, on the bonds and the facsimile signa- tures o BARBARA Y. SHINPOCH and DELORES A. MEAD on the coupons attache to such bonds as the true facsimile signatures of those officials. DATED at Renton, Washington, this 20th day of May, 1982. 0 JGZ/A22 ROBERTS & SHEFELMAN (ROBERTS. SHEFELMAN. LAWRENCE. GAY & MOCH) 1 PARTNERSHIP INCLUDING PROFESSIONAL CORPORATIONS COUNSEL OF C'orNHEL HAROLD S. SHEFELMAN 4100 SEAFIRST FIFTH AVENUE PLAZA WILLIAM N. APPEL JAMES GAY TERESA V. BIGELOW 800 FIFTH AVENUE RETIRED ROBERT G. MOCH ROGER I.. HCIISON• SEATTLE, WASHINGTON 98104.3178 VICTOR D. LAWRENCE GEOROE M. MACK DAVID B. BIKEY JAMES C. HARPER BRIAN L. COMSTOCK. P.S. BLAIR B. BI'RROCOHS TIMOTHY R. CLIFFORD. P.B. KAREN S.WATTS (208) 629-1818 TELEX 39-1039 JAMES P. WETER (1877-1959) LEE R. �-OORHEES. JR. JUDITH A. SHULMAN III• TELECGPIER - (908) 894-9858 F. N. ROpERTS (1880-1979) DAVID B. SWEENEY WALTER T. FEATHERLY WILLIAM G. TONKIN MICHAEL H. RORICK•• DAVID A. BENNETT AMY H. GALLAGHER ANCHORAGE OFFICE ROBERT H. CAMPBELL ROSEMARY P. IIAFFNER• May 12, 1982 SUITE 1500 ROBERT G. III LLENDORE•• DEAN E. JOHNSON 25.50 DENALI STREET GARY N. ACKERMAN. P.S. MICHAEL D. KI'NTZ ANCHORAGF_ ALASKA 99 303-97 1 9 ROGER A. MYKLEBUST EDWIN D. RAI'ZI (907) 278-1358 PALL W. KOVAL. P.C.• EMILY C. \'RIEZE TELECOPIER - (907) 272-8332 ROGER W. DUBROCK, P C.• BENNETT A. MICCONAIOHY DIANE D. KENNY STEVEN R. POKTER• JON W. MACLEOD JONI H. OSTEROAARO PAIL L. AHERN. JR. • ALASKA •• ALASKA AND WASHINOTON BARS ALL OTHERS WAXHINOTON BAR ONLY Ms. Delores A. Mead City Clerk City Hall 200 Mill Avenue South Renton, Washington 98055 Re : $1 , 825, 000 "General Obligation Park Bonds , 1982" $2 , 300 , 000 "Limited Tax General Obligation Bonds, 1982" Dear Del : With respect to the closing of each of the above bond issues on May 20th, I have prepared and am enclosing for each issue in triplicate the usual Signature Identification and No-Litigation Certificate to be signed by you with the last page to be signed by one of your local bank officials who is acquainted with you and Mayor Shinpoch. Also enclosed in triplicate is the usual arbitrage certificate to be signed by Mayor Shinpoch. All three sets of both of these certificates should be brought to the closing. I am also enclosing an original and three copies of an Official Statement Certificate which is applicable to both bond issues . This Certificate should also be signed by you and be available at the closing. There are a number of transcript documents which I need and which I should also appreciate your sending to me either prior to the closing or bringing with you at the closing. These consist of the following: Ms. Delores A. Mead May 12 , 1982 Page Two . AIIN)i to 1. Certified copy of Ordinances Nos. 3619 and 3620, C certified excerpts of minutes of April 12 Council 6 meeting showing passage of such ordinances and ( ! q / affidavits of publication or posting; i 2 . Affidavit of publication of official Notice of Bond _`) afl Sale; co\?? 3 . Affidavit of publication of short form Notice of Bond Sale; 4 . Certified copy of resolution accepting bid of Seattle- Northwest Securities Corporation and certified excerpts of minutes of City Council meeting showing adoption of resolution for each issue of bonds; and 5 . Copy of all bids received. If you have any question concerning any of the foregoing requirements, please do not hesitate to telephone me. I am looking forward to seeing you and Ted on the 20th. With kindest personal regards, ROBERTS & SHEFELMAN By James Gay JG/vv Enclosures cc: Mr. Richard T. Kennedy • • II 1 ESTABLISHEL IB9 Nib t T E. e 114411 .15.1-11 :P.„., - r ► �e� � .' �. SECURITY REQUIRES CUSTODY OF ENGRAVINGS PREPARED BY THIS COMPANY I 3 P.O.BOX 608 Telephone • LA GRANGE,ILLINOIS 60525 312/482-3900 Telecop 312/482.3332 May 5, 1982 VIA FEDERAL EXPRESS hit-. James Gay Roberts u Shefelman 4l00 Seafirst Fifth Avenue Plaza 810O Fifth Avenue S attle, Washington 93104 Re: CITY OF RENTON, Washington 460 $5000 Limited Tax General Obligation Bonds, 1982 Maturing 1984 - 2002 3G5 $5000 Unlimited Tax General Obligation Park Bonds, 1982 Maturing, 1984 - 2002 0 Dear 3im: Thank you for furnishing text and instructions (which we receiver# on T-ay 4thi to prepare the above referenced issue. Accordingly, two proofs and due plicate copies of the maturity schedule for each lot are rnclosed herewith —69 and we are forwarding a set of similar materiel to Dick Kennedy. if you will be find enough to provide approval thereof, including th e missing oruinance number, !iy. Friday, L:iC' 7th, Cw,we .'ill complete the bonds for shipment by May 18th. If CUSIP nuinbrrs are required, the number assignment should be requeste immediately. Shipment will be made to Ms. Delores A. ^.teed, City Clerk, and we will include three specimens of each lot for the _ity's records. In addition, we will provide you with four specimens of each lot and Dick Kennedy with ten of� each. Shortly thereafter, our invoice for this work will be directed to the City for Ms. Mead's attention. SEE REVERSE SIDE FOR TERMS AND CONDITIONS OF SALE. We are pleased to be working with all concerned in preparing this issue and 1 k forward to hearing from you on'Friday with proof clearance. Sincerely yours, ;-, ,j 11 ?2. pbj William D. Warner Enclosures Vice President r.•0 fr- Sk cc-w/enclst Mr. Richard T. Kennedy (Via Federal Express) _.CO o�S�FF�C-11 � •�' ca Ms. Delores A. Mead CLERK 1 ' RENTON CITY COUNCIL Regular Meeting May 3 , 19 2 Municipal Building Monday , 8 : 00 P .M . Council Chambers MINUTES CALL TO ORDE' Mayor Barbara Y. Shinpoch led the Pledge of Allegiance to the flag and called the meeting of the Renton City Council to order. ROLL CALL' OF THOMAS W. TRIMM, NANCY L. MATHEWS, JOHN W. REED, RICHARD M. COUNCIL MEMBERS STREDICKE, RANDALL ROCKHILL, ROBERT J. HUGHES. MOVED BY REED, SECOND HUGHES, COUNCIL PRESIDENT EARL CLYMER BE EXCUSED. CARRIED. MINUTE MOVED BY COUNCIL PRESIDENT PRO TEM STREDICKE, SECOND HUGHES, APPROVAL APPROVE COUNCIL MINUTES OF APRIL 26, 1982 AS PRESENTED. CARRIED. CITY STAFF BARBARA Y. SHINPOCH, Mayor; DELORES A. MEAD, City Clerk; IN ATTENDAN E LAWRENCE WARREN, City Attorney; MICHAEL PARNESS, Administrative Assistant; LT. DONALD PERSSON, Police Department; W. E. BENNETT, Acting Finance Director; JOHN WEBLEY, Parks and Recreation Director; DAVID CLEMENS, Policy Development Director. PUBLIC HEAR NG, This being the date set and proper notices having been posted Adoption1of and published as required by law, Mayor Shinpoch opened the Zoning Map Public Hearing to consider adoption of the City of Renton zoning map pursuant to Ordinance No. 3598. Policy Development Director Clemens reported from his letter of 5/3 that the Policy Develop- ment Department and the Building and Zoning Department evaluated more than 700 ordinances adopted over the last 28 years since the passage of the City's zoning regulations and found a few cases of incorrect legal descriptions, etc. , and one case of an ordinance reversion. Clemens displayed wall maps showing current zoning and 28 parcels with discrepancies. Clemens read from Ordinance No. 3598 re upzoned property subject to reversionary clause and the ministerial action of downzoning that property on the City's zoning maps not formally taken, that the last formal Council action taken by ordinance w`as ratified for adoption as official zoning. Further, that those instances of property subject 'to automatic reversion and ministerial action taken to change zoning maps, that zoning map adopted and ratified as the current and correct zoning map. Further, the zoning map shall be updated and presented to Council and on a yearly basis there- after for adoption by the Council as the formal and legal zoning classification for properties within the City limits. Council Members made inquiries for clarification. Continued Audience Comment: Ralph Evans, 3306 NE llth Place, inquired whether or not the zoning was indicated on map for property located near 12th and Monroe NE, recalling investigation started from that discrepancy, the Policy Development Director noted zoning not indicated as parcel in question is in litigation. Upon inquiry, City Attorney Warren advised continuing public' hearing for further public input and review of maps. MOVED BY STREDICKE, SECOND REED, ,PUBLIC HEARING BE CONTINUED FOR TWO WEEKS. City Attorney Warren noted proper procedures for handling, sug- Hearingj Continued gesting' notification of effected property owners. MOTION to 5/17/82 CARRIED,. k City Shop and MOVED BY HUGHES, SECOND MATHEWS, COUNCIL DEFER ORDER OF BUSINESS Coulon park TO PRESENT LETTER REGARDING BOND SALE. CARRIED. G.O. Bonds Letter from Acting Finance Director Bennett reported 5/3/82 bid opening for $1 ,825,000 Unlimited General Obligation Bonds for Coulon Park and $2,300,000 City Shop Bond Issue; three bids received on Park issue and two on Shop issue; interest rate on $1 ,825,000 Park Bonds: First Interstate Bank of CA 12. 1475%; John Nuveen & Co. , Inc. 12.3638%; Seattle Northwest Securitites { 11 .9874. Bids on$2,300,000 City Shop Bonds: John Nuveen & Co. , Inc. 12.6950% and Seattle Northwest Securities 12.2752%. The letter recommended acceptance of low bid of Seattle Northwest Securities. Upon inquiry by Councilman Rockhill , Richard Kennedy Renton City Council 15/3/82 Page 2 G.O. Bond of Seattle Northwest Securities reported the estimated rate of Coulon Park 1 .3375% in January is today 11 .987% which represents a savings City Shops of $373,753 on Park Bonds. Mayor Shinpoch noted the City received an A-1 rating by Moody. Kennedy explained the difference between interest rates and the Unlimited and Limited bonds, the Park Bonds being voter approved excess levy and the Limited Bonds for City Shops are Council authorized and funded from property tax revenue. MOVED BY TRIMM, SECOND HUGHES, CONCUR IN RECOMMENDATION OF THE ACTING FINANCE DIRECTOR AND REFER MATTER TO THE WAYS AND MEANS COMMITTEE. CARRIED. (See following resolutions.) MOVED BY STREDICKE, SECOND REED, SUSPEND ORDER OF BUSINESS AND PRESENT BOND RESOLUTIONS. CARRIED. Ways and Means Committee Chairman Stredicke presented committee report recommending read- ing and adoption of the following resolutions: Resolution #2450 A, resolution was read accepting the bid of Seattle Northwest Accepting Bid Securities Corporation for $1 ,825,000 par value of "Unlimited Park Bonds Tax General Obligation Park Bonds, 1982", fixing interest rate $1 ,825,000 and providing for printing and sale. MOVED BY STREDICKE, SECOND HUGHES, ADOPT THE RESOLUTION AS READ. CARRIED. Resolution #2451 A resolution was read accepting the bid of Seattle Northwest '� 1 ccepting Bid Securities Corp. for $2,300,000 par value Limited Tax General City Shop Bonds Obligation Bonds, 1982" for City Shop, fixing interest rate, $2,300,000 and providing for printing, delivery, sale. MOVED BY STREDICKE, SECOND HUGHES, ADOPT RESOLUTION AS PRESENTED. CARRIED. PECIAL Municipality of Metropolitan Seattle, METRO, Representative RESENTATION Mike Mulcahy, used charts and explained history and problems maintaining water quality within the Metro service area. The ETRO proposed financial alternatives were discussed, such as tunnel ater Quality for sewage to Three Tree Point; enlarging Renton Treatment Plant, Sewer Plants and using other treatment plants to capacity rather than phasing out. City Clerk Mead reported Metro 1983 Budget on file in the Clerk' s Office. Councilman Rockhill requested $1 ,000 Metro 9 Bonds available to consumers. Acting Finance Director noted bonds available in $5,000. Councilman Stredicke inquired of Metro plans for trunkline in City's Northeast Quadrant moratorium area, being advised Metro has none. The Mayor thanked Mr.Mulcahy. Liation UDIENCE COMMENT Walt Evans, 102 56th Ave. S, Seattle, requested Aviation Committee report be read. MOVED BY TRIMM, SECOND STREDICKE, Committee SUSPEND ORDER OF BUSINESS AND ADVANCE TO THE REPORT. CARRIED. Sunbird Restaurant Aviation Committee Chairman Trimm submitted committee report Renton Airport stated review of proposed Sublease Agreement between Renton 'Billy the Kid" Waterfront Restaurant Corp. and the Partnership of Thomas W. Singleton and Walter A. Evans for operation of the Sunbird Restaurant. The committee also reviewed financial statements, etc. and proposal to promote "Southwestern" motif ')"Billy the Kid" family-style steakhouse with Senior discount during after- noon and live entertainment evenings. The committee recommended: (1 ) Original "ground lease" clause continue in effect, i .e. , requiring the monthly payment to the City, a specified minimun monthly rental fee,plus 2% above Lessee's monthly gross receipts minimum rent to be paid as specified; (2) exceedingmonthly City Attorney determine if proper for Renton Waterfront Corp. to pay delinquent garbage collection/container billing of $2,525.31 as condition of City's approval of new Sublease. MOVED BY TRIMM, SECOND ROCKHILL, CONCUR IN RECOMMENDATION OF THE COMMITTEE.* Councilman Stredicke requested for the record whether the basic leasing party, Renton Waterfront Corp. , is current and not delinquent in rental payments or phone, other than garbage. Committee Chairman Trimm replied no phone at the site, that garbage collection only known bill . Stredicke inquired regarding liquor license. being advised by Walt Evans of availability. MOTION CARRIED.* _ er?,4106, • %S.-0 OF R ti� • . ° THE CITY OF RENTON "' -;• x. _ MUNICIPAL BUILDING 200 MILL AVE. SO. RENTON.WASH. 98055 a�L , o BARBARA Y. SHINPOCH. MAYOR • W.E. BENNETT. ACTING DIRECTOR 94 I ' FINANCE DEPAR TMENT 0,94PED SEP1010 May 3, 1982 II Honorable Mayor Barbara Y. Shinpoch rld Members of the City Council Re: Bid Award, $1 ,825,000 Unlimited General Obligation Bonds and $2,300,000 Limited Obligation Bonds. Dear Mayor and Council Members: I recommend we accept the low bid from Seattle Northwest Securities Corp. for the purchase of both the $1 ,825,000 Park Bond Issue and $2,300,000 City Shop Issue. We received three bids on the Park issue and two on the City Shop issue with average interest rates as follows: $] ,825,000 Park Bonds First Interstate Bank of California 12.1475% John Nuveen and Co. , Incorporated 12.3638% Seattle Northwest Securities Corp. 11 .9874% $ ,300,000 Cit Sho. Bonds John Nuveen and Co. Incorporated 12.6950% Seattle Northwest Securities Corp. 12.2752% Si cerely, J ' W. E. Bennett Acting Finance Director cc: Dick Houghton John Webley I , 111 CITY OF RENTON, WASHINGTON RESOLUTION NO. 2450 A RESOLUTION of the City Council of the City of Renton, Washington, accepting the bid of Seattle Northwest Securities Corporation for $1, 825, 000 par value of "Unlimited Tax General Obligation Park Bonds, 1982" of the City; fixing the interest rates on those bonds.; and providing for the immediate printing, execution, delivery and sale of those bonds and the return to the unsuccessful private bidders of the checks deposited by them with their bids. WHEREAS , pursuant to Ordinance No. 3619 passed by the City Council of the City of Renton, Washington (the "City") , on April 12 , 1982, Notice of Bond Sale calling for sealed bids for the purchase of $1, 825, 000 par value of "Unlimited Tax General Obligation Park Bonds , 1982, " (the "Bonds" ) of the City was duly published as required by law; and WHEREAS , Three (3) bids were submitted and filed with the City Clerk in her office in the City Hall, 200 Mill Avenue South, Renton, Washington, prior to 11: 00 a.m. , local time, on May 3, 1982, copies of which bids are attached and made a part hereof by this reference; and WHEREAS, the City Council deems that the bid of Seattle Northwest Securities Corp. is the best bid received and that no better 'bid could be received for the Bonds and that it is for the best interest of the City that such bid be accepted; NOW, THEREFORE, BE IiT RESOLVED BY THE CITY COUNCIL OF THE CITY OF RENTON, WASHINGTON, as follows : 1 II H Section 1 . The bid submitted by Seattle Northwest Securities Cow Seattle, WA , for the purchase of the Bonds at a price of par [plus a premium of $ None ] , plus accrued interest from date of issuance to date of delivery of the Bonds, bearing the interest rates with respect to the bond maturities as shown on its bid attached to this resolution, is accepted; the interest rates on the Bohds are fixed in accordance with that bid ; and the City Clerk is directed to have the Bonds printed and executed immediately. The Bonds shall thereupon be sold and delivered to the purchaser pursuant to its bid upon payment therefor at par [plus the premium bid] , plus accrued interest from the date of the Bonds to their date of delivery. In connection therewith , a certified copy of the transcrfipt of proceedings pertaining to the issuance of the Bonds shall be furnished to Roberts & Shefelman (Roberts , Shefelman, Lawrence, Gay & Moch) so that their approving legal opinion may be obtained for delivery to the purchaser in compliance with the requirements of the Notice of Bond Sale and of the bid. The City Clerk is authorized to return to the unsuccessful bidders the checks deposited by them with their bids. The foregoing resolution was ADOPTED by the City Council of 1i the City o Renton, Washington, at a regular open public meeting thereof this 3rd day of May, 1982. I, DELORES A. MEAD, ity Clerk - 2 - 111 Approved by the Mayor this 3rd day of May, 1982 . BARBARA Y. SHINP CH, Mayor FORM APPROVID: /.2 City .AttOrney L • - 3 - , \ _ ROBERTS & SHEFELMAN II (ROBERTS, SHEFELMAN. LAWRENCE. GAY & MOCH) A • IP INCLUDING PROrra.IONAL CORPORATIONS COUNSEL HAROLD El. SHE' •100 SEATIRrT FIFTH AVENUE PLAZA H•I Or ('oLLI'n4 1. AP APPCL JAMES GAY I TERESA V. BIocLOM 800 FIFTH AVENUE '" ROBERT G. )ttx•H ROGER L. HL•DS[1N• 'i - • ,.0 SEATTLE, WASHINGTON 08104-3178 .'u•..,..,i sR/LSCIL GcOROc 31. MACK DAVID B. BUKEY S tPLR R BRIAN L. COMTOCII.IP.S. BLAIR B. BURROUGHS ^ ' TIMOTHY R. CLIrTORD. P.R. KAREN S.WATTS (9OA) 092-1818 TELEX 39-1039 Lets R. VOORHEtCIL JR JUDITH. A. 9HI-L)IAN TELECOPIER t;377.IOS8) - (20A) 894-9tl8a .:i ; N80.197R) L• DAVID H. 9MENCY I T T. FEATHERLY III• •. WILLIAM G. To:KIN MICHAEL H. RORICK•' - DAVID A. BENNETT AMY II. GALLAGHER May 19 8 2 �'`+ OFFICE ROScRT H. CAMPSELL 3,ROSEMARY P. HArrNER• .'II. -'00 ROBERT G. 1IL'LLENDORc•• DEAN E. JOHNSON F.S:5Q DE,.v I,I )1TREET GARY :K. ACKER)LAN. P.S. MICHAEL D. KUNTZ AN�'i I•,y,)O)� .t, . !(A ��J-4719 RoocR A. MMYK6caLwr EDKIN D. RAL•zt , : 'x7B :•tls PAUL W. KOVAL P.C.•I EMILY C. VRIEZE • •.•. .I ., j_2;+% X72-8332 ROGER W. DL HROCK. P.C.• BENNETT A. MCCONAI'OHY DIANE D. Ki:NNY STEVEN R. PORTER• I' i V � JON W. MACLEOD I JONI H. OSTEROAARD - - `' -'.RESS PALL L. AHERN. -TR. ' + • ALASKA •' ALASKA AND WA9HINOTON BARB ALL OTHERS MASHINOTON BAR ONLY •a ) Mr. • William Warner - Northern Bank Note Company �, 5400 East Avenue La Grange, Illinois 60525 Re: City of Renton, Washington, "$1, 825, 000 "General Obligation Parlk Bonds, 1982, " and $2, 300, 000 "Limited Tax General Obligation Bonds, 1982" 1 Dear Bill : I Enclosed are bond form and form of our legal opinion to be printed on each of the above bond issues which we should appreciate your printing for the City. It is my understanding ti-:at_ you ;save signatures of the Mayor and City Clerk and a facsimile re;_irouuct -- n of the City seal . t Withlthe bond delivery being scheduled for May 20th, it is necessarylthat Mrs. Mead, the City Clerk; have the bonds as early' as possible on Wednesday, May 19th. I understand that yc,ii c-nn ' meet this \schedule if we promptly respond to you after :(.:r- i;,•2 bond proofs The printed bonds and your invoice should be sent to Mrs . Mead at the City Hall, 200 Mill Avenue South, Renton, Washington, 98055 . With best regards, 1 ROBERTS & SHEFELMAN li I - By James Gay cc : Mrs . De',lores A. Mead. Mr. Richard T. Kennedy I s I • I OF R.&4 THE CITY OF RENTON � Z MUNICIPAL BUILDING 200 MILL AVE. SO. RENTON,WASH. 98055 n rn BARBARA Y. SHINPOCH, MAYOR • DELORES A. MEAD 090 CITY CLERK • (206) 235-2500 04),4 SEP� 4%(Q May 3, 1982 Acknowledgement of Receipt of Good Faith Bid Deposit in the amount of $91 ,250; General Obligation Bonds Gene Coulon Park Bid Opening. Nuveen and Co. Inc. • LiFirst Interstate Bank First of California 707 Wilshire Blvd. Interstate Los Angeles, CA 90051 Bank May 3,, 1982 I City Clerk City Hall 200 Mill Avenue South Renton , Washington Gentlemen: Re $1 ,825,000 Par Value City of Renton , Washington General Obligation Park Bonds, 1982 In accordance with your recent official notice of sale April 12, 1982, which notice is hereby made a part of this bid, requesting bids on the above described bond issue, we hereby respectfully submit a bid of the par value thereof, plus a premium of $ r� , such bonds to bear interest as f of plows: Rate per Annum Maturity Rate per Annum Maturity 13.50 1984 13.50 1985 11.70 1994 13.50 1986 11.80 1995 13.50 1987 12.00 1996 13.50 1988 12.00 1997 13.50 1989 12.00 1998 13.50 1990 12.00 • 1999 13.50 1991 12.00 2000 13.50 1992 12.00 2001 12.50 1993 12.00 2002 In additilon to the above amount, we will pay accrued interest from the date of the bonds\ to the date of their delivery. Gross interest payable is computed to be $ 3,196,015.00 , with net interest payable amounting to $ 3,196,015.00 , for a net\ interest cost of 12.1475 %. In the event that we are the successful bidder, we request that CUSIP numbers be printed on the back of each bond, however, the CUSIP Service Bureau charge for the assignment of said numbers shall be at our expense. 1I Very truly yours FIRST INTERSTATE BANK OF CALIFORNIA ) JOINT MANAGERS E.F. HUTTON & COMPANY, INC. ) By Melvin'\ K. Lowe, Vice Presi ent FIRST INTERSTATE BANK OF CALIFORNIA • OF A o THE CITY OF RENTON MUNICIPAL BUILDING 200 MILL AVE. SO. RENTON,WASH. 98055 nailL rn BARBARA Y. SHINPOCH, MAYOR • DELORES A. MEAD 0 e co.P CITY CLERK • (206) 235-2500 /.1>- SEP�E�� May 3, 1982 Acknowledgment of Receipt of Good Faith Bid Deposit in the amount of $91 ,250; General Obligation Bonds for the Gene Coulon Park Bid Opening. Fi t Interstate Bank of California J een Perdue I ' • I A (312) 621-31 rE-1[1:11R/-7(D@IID John Nuveen &Co.Incorporated 209 South LaSalle Street, Chicago, Illinois 60604 Delores A. lead, City Clerk, City of Renton City Hall , 200 Mill Avenue South Renton, Washington WE WILL PAY$ Agig/j 825; 000 ,plus accrued interest to date of delivery,for your legally issued Securities,to wit: 1 ,825,000 CITY OF RENTON, WASHINGTON, Unlimited Tax General Obligation Park Bonds, 1982, ' I all as described in your Official Notice of Sale,bearing interest as follows: 45. 0 %per an um for bonds maturing in the years/at to 199v,inclusive; /677 Q %per annum for bonds maturing in the years to /99/,inclusive; 7D %per annum for bonds maturing in the years4g2_to.,L7,inclusive; ', /1. 90 %per annum for bonds maturing in the years to /77 5,inclusive; I I -/0 %per annum for bonds maturing in the years to /99' ,inclusive; 11 1�.�7� J %per annum for bonds maturing in the years _ to/ 7,inclusive; �j /2 10 %per annum for bonds maturing in the years to 199. ,inclusive. 1c2.,50 90 2224.6) -2 We understand the City has the right to invest this good faith deposit pending the payment for, the bonds. ' I Prior to our Ilaccepting delivery of said Securities, you agree-to furnish a certified transcript of all documents and legal proceed- ings requisite toll their issuance and delivery, including the signature and non-litigation certificate in customary market form, evi- dencing the legality of said Securities and the security provisions relating thereto to the satisfaction of Messrs. Roberts & Shefelman (Roblerts, Shefelman,' Lawrence, Gay & Moch) , Attorneys, Seattle, Washington, whose unqualified approving legal opinion in customary market form shall accompany said Securities at delivery, and said delivery shall be made to us within a reasonable period of time. To evidence lour good faith, we enclose check in the amount of $ 91 ,250.00 . If this offer is accepted, said check shall be held by you uncashed until delivery of said Securities, but in the event of a breach by us in the performance of'this contract, said check may be cashed and the proceeds retained by you as full liquidated damages for such breach, and the cashing lof stich check in such event shall constitute a full release and discharge of all damages. If said Bond Attorneys are unable to approve said Securities, or in the event of a breach of this contract by you,said check shall be returned to us upon demand. This bid is made;for immediate acceptance or rejection and if this offer is not accepted, said good faith check shall be returned to us immediately. It is mutually understood and agreed that your acceptance of this offer and the execution thereof by your officials thereunto duly authorized,shall constitute a contract for the purchase and sale of said Securities. Respectfully submitted, For information only: JOHN NUVEEN&CO. INCORPORATED and Associates Figures as of: , May 1 , 1982 (Full Account — see attached) Gross Interest cost $ 3,a25,, ,9/0.0Z • Less premium l (26(------ • Plus discount By Net interest cost D William L. Wingader, e Preside Average rate /02 ti G 3S Accepted for';and on behalf of C, l 'I ,pursuant to authorization by its governing body,and receipt of the above mentioned check acknowledged,on this date, 19 Attest: I Signature Signature Official title f Official title (SEAL) BOND PROFESSIONALS SINCE 1898 • OFFICES:CHICAGO,NEW YORK AND PRINCIPAL CITIES ! I EKW'@SE John Nuveen &Co.Incorporated . 209 South LaSalle Street,Chicago,Illinois 60604 (3121..621-3000 CITY OF RENTON, WASHINGTON General Obligation Bonds, 1982 JOINT ACCOUNT MEMBERSHIP:' JOHN NUVEEN & CO. INCORPORATED L. F. ROTHSCHILD, UNTERBERG, TOWBIN, Joint Managers Rauscher Pierce Refsnes Inc. Hanifen, Imhoff, Inc. Hutchinson, Shockey, Erley & Co. • McDonald & Company Underwood, Neuhaus & Co. , Incorporated • Van Kampen & Merritt Inc. Bacon, Whipple & Co. Becker & Cownie;, Inc. Channer Newman Securities Co. McLiney &,Co. ; Prescott, Ball & Turben • Rotan 'Mosle Inc,. Securities Corporation of Iowa Westcap Securities Inc. • • • • BOND PROFESSIONALS SINCE 1898 OFFICES:CHICAGO,NEW YORK AND PRINCIPAL CITIES `I■Seattle ■��Northwest INIMMINI SECURITIES CORPORATION SEAFIRST FIFTH AVENUE PLAZA SUITE 3700 SEATTLE,WASHINGTON 98104 May 3, 1982 (206)628-2882 Renton City Clerk City Hall 200 Mill Avenue South Renton, Washington For: $1,825,000 City of Renton, Washington, General Obligation Park Bonds, 1982 and to bear coupons as follows: /3. 75 % per annum for bonds maturing in the yearsf84 to /98 , inclusive; /3:50 % per annum for bonds maturing in the years /Sg7 to /99O , inclusive; _/3 a?5 % per annum for bonds maturing in the years /99i to /99 , inclusive; //. .2S % per annum for bonds maturing in the years to , inclusive; % per annum for bonds maturing in the years to , inclusive; //.SO % per annum for bonds maturing in the years to , inclusive; % per annum for bonds maturing in the years to / , inclusive; % per annum for bonds maturing in the years to /997 , inclusive; % per annum for bonds maturing in the years to /9c53 , inclusive; /a.(x) % per annum for bonds maturing in the years /i99 to / , inclusive; N. 75 % per annum for bonds maturing in the years to , inclusive; % per annum for bonds maturing in the years to , inclusive; WE WILL PAY YOU/09M per $100.00 plus accrued interest from date of issue to date of delivery of the bonds. The following is for information only: Gross interest cost 3 / � 90o3.s6 Less premium J —' Plus discount Net interest cost 3/ /53 90.2.50 Average rate /1. 987-* This bid is for prompt acceptance and for delivery of the bonds on or before 8-15-82 and is made subject to the terms and provisions of your official Notice of Sale. It is also subject to the unqualified approving legal opinion of Messrs. Roberts & Shefelman which we request be printed on the bonds. We also request that the CUSIP numbers be printed on the bonds. � I I I ' I I ; I I I II i I I To evidence our good faith we enclose our cashier's check for $ 91,250.00 • 'I Respectfully submitted, eph L. Mangan Vice President Seattle-Northwest Securities Corp. Manager The Northern Trust Company, Jt. Manager And Associates IN ASSOCIATION WITH: - sf4l ona J R National Bank, Jt. Manager Merrill Lynch, White Weld CapitaliMtks, Jt. 3LM/dc Manager First National Bank of Chicago, Jt. Manager ACCEPTED: And Associates I II I I I I , I I I Dated: I II I I I I I I I I i I i I i j I I I I I I ' I I I I I I I I I I i � I I I 11 � I I I I i I li I 1• I , �. ,- • ROBERTS SHEFELMAN i (ROBERTS, SHEFELMAN, LAWRENCE. GAY & MOCH) I COUNSEL 4100 SEAFIRST FIFTH AVENUE PLAZA OF COUNSEL HAROLD S. SHEFELMAN WILLIAM N. APPEL 800 FIFTH AVENUE ROGER W. DCBROCK• JAMES GAY ROGER L. Hr080N• HEATTLE. WASHINGTON 88104 - ROBERT G. MOCH I DAVID B. B('KEY RETIRED OEOROE M. MACK I BLAIR B. BURROUGHR (208) 622-1818 TELEX 32-1032 VICTOR D. LAWRENCE BRIAN L. COMSTOCK LINDA R. RADOFF JAMES C. HARPER TIMOTHY R. CLIFFORD I PA(•L W. KOVAL• TELECOPIER - (206) 624-2666 LEE R. VOORHF.Efl. JR. KAREN S. W A1TN JAMES P. WETER (1877-1959) DAVID B. SWEENEY JUDITH A. SHULMAN F. M. ROBERTS (1880-1973) WILLIAM 6. TONKIN / 1WALTER T. FEATHERLY HP April 7 , 1982 DAVID A. BENNETT MICHAEL H. RORICK ANCHORAGE OFFICE ROBERT H. CAMPHELL' AMY H. GALLAGHER SUITE 1500 ROBERT O. MULLENDORE•• IROSEMARY P. HAFFNER• 2550 DENALI STREET GARY N. A('KF:RMAN I I DEAN E. JOHNRON _ ANl'H0R..on:. ALARK A,99:503 ROGER A. MYKLEH(•RT I MICHAEL D. KUNTZ �, •�`` (907) 27H-135K DIANE D. KENN I• I FI)NIN D. RA!•ZI I-. \ TELECOPIER - (907),272-8332 JON W. MACLEOD EMILY C. V RIEZE l PAUL L. AHERN. JR. I IBENNET A. MCCONAI'GHY 't� . 4 - TERESA V. BIGELOW r':` 1 /` • ALARKA IIAR ••'ALASKA AND WASHINGTON BARB CO. A, I1 ALL OTHERSLWARIIIN(ITON BAR ONLY _ I^,�i l'� III (ry I l)E[.. _•,(• = j ; 1 'Ci Ti of i 'r:", :'i, lr Ms. Delores A. Mead City Clerk (,2. .. , City Hall �:• 200 MilllAvenue South Renton. Washington 98055 I Re : 1 $1, 825 , 000 "General Obligation Park Bonds, 1982" , $2 , 300 , 000 "Limited Tax General Obligation Bonds, 1982" Dear Del : Enclosed for consideration at your April 12 Council meeting are an original and four copies of an ordinance providing for the issuance and sale of the Limited Tax Bonds and an original and four copies of an ordinance providing for the issuance and ' sale ofitIie balance of the Park Bonds and repealing Ordinance No. 3613 . These ordinances have been reviewed and approved by Dick'IKennedy, your financial consultant. After the ordinances have been ;passed, we would appreciate your returning a certified copy of , each ordinance together with certified excerpts of the minutes of the Council meeting showing passage of the ordinances. We will allso need an affidavit of publication for each ordinance after publication has been completed. Also Ienclosed are an original and four copies of a combined Notice of Bond Sale which, I understand, you are planning to publish ' n; April 22 and 29; After publication has been completed, , please furnish us with an affidavit of publication. I I An original and four copies of a short form Notice of Bond Sale are also enclosed for publication in the "Daily Journal of Commerce" at least ten days prior to the May 3 sale date. We will also need an affidavit of publication for this. I II I Ms. Delores A. Mead April 7, 1982 Page2 If you have any questions, please do not hesitate to tele- , phone me or Jim after his return to the office on Monday. Sincerely, ROBERTS & SHEFELMAN � I George M. Mack I i GMM/mlc Enclosures cc: Mr ' Richard Kennedy ' I 1 , ' I i 1 1 1 , 1 1 NOTICE OF BOND SALE ICITY OF RENTON, WASHINGTON $11,825, 000 "GENERAL OBLIGATION PARK BONDS, 1982" $2;300,000 "LIMITED TAX GENERAL OBLIGATION BONDS, 1982" I , i . SEALED PROPOSALS will be received by the City Clerk at her ; 1 office in the City Hall,, 200 Mill Avenue South, Renton, Washington; . until li:00 i a.m. , local ;time, on May 3, 1982 , at which tame all bids will be publicly opened and read for the , purchase of (a) $1,825,000 par value "General Obligation Park , Bonds, 1982" ( the "Park Bonds" ) , and , (b) $2 ,300,0100 par value of "Limited Tax General j 1 Obligation Bonds, 1982" (the Limited Tax , Bonds" ) ,; 1 1 I of the !Ci'ty of Renton, :Washington ( the "City" ) . The bids for each ; I 1 issue ofdbonds will be : considered and acted upon _by the City Council I at its' rigular meeting to be held in the Council Chambers commencing at 8 :00 p.m. , local time, on the same date. 1 i I I 1 BONDS - DESCRIPTION 1 Mel Park Bonds are to be issued by the City pursuant to a 1 special leiection authorizing the same for strictly municipal capital purposes, other than the replacement of equipment, as provided by! Ordinance No. 3336 of the City passed and approved July 23, 1979, 1 as amended , authorizing the Park Bonds. 1 'The Limited Tax Bonds are to be issued by the City pursuan'tIto i Ordinance No. 3620 of the City passed and approved April 12 , 1982. The Park Bonds will be dated May 1, 1982 ; will be in the ; denomination of $5,000 each; will be numbered from 1 to 365, inclu- sive; will bear interest payable on May 1, 1983 , and semiannually 1 i 1 1 I I , , ; 1 I 1 thereafter on each succeeding November 1 and May 1 , interest to maturity to be evidenced by coupons to be attached to such bonds; and will be payable, both principal and interest, at the office of the City Finance Director or, at the option of the holder, at either fiscal agency of the State of Washington in Seattle, Washington, or New York, New York. The Park Bonds will mature serially, annually, in order of their numbers on May 1 of each of the following years: Bond Numbers Maturity (Inclusive ) Amounts Years 1 to 5 $ 25,000 1984 6 to 11 30,000 1985 12 to 18 35,000 1986 19 to 25 35,000 1987 26 to 33 40, 000 1988 34 to 42 45,000 1989 43 to 53 55,000 1990 54 to 65 60, 000 1991 66, to 79 70,000 1992 80, to 94 75,000 1993 95 to 111 85,000 1994 112 to 131 100,000 1995 132 to 153 110, 000 1996 154 to 178 125,000 1997 179 to 207 145,000 1998 208 to 239 160 ,000 1999 '240 to 276 185,000 2000 277 to 318 210,000 2001 319 to 365 235, 000 2002 The Limited Tax Bonds will be dated May 1 , 1982; will be in the denomination of $5,000 each; will be numbered from 1 to 460, inclusive; will bear interest payable on May 1 , 1983, and semiannu- ally thereafter on each succeeding November 1 and May 1, interest to maturity to be evidenced by coupons to be attached to such bonds; and will be payable, both principal and interest, at the office of the City Finance Director or, at the option of the holder, at either fiscal agency of the State of Washington in Seattle, Washington, or New York, New York. The Limited Tax Bonds will mature serially, annually, in order of their numbers on May 1 of each of the following years: - 2 - I Bond Numbers Maturity ( Inclusive) Amounts Years 1 to 6 $ 30,000 1984 7 to 13 35, 000 1985 14 to 21 40 ,000 1986 22 to 30 45,000 1987 31 to 40 50 ,000 1988 41 to 52 60 ,000 1989 53 to 65 65,000 1990 66 to 80 75, 000 1991 81 to 97 85 ,000 1992 98 to 116 95, 000 1993 117 to 138 110 ,000 1994 139 to 163 125, 000 1995 164 ;to 191 140, 000 1996 192 to 223 160, 000 1997 224 to 259 180, 000 1998 260 to 300 205,000 1999 301 to 347 235,000 2000 348 to 400 265,000 2001 401 . to 460 300, 000 2002 The City has reserved the right to redeem any or all of the bonds of each issue prior to their stated maturity dates as a whole, or in part in inverse numerical order, on May 1 , 1992 , or on any semiannual interest payment date thereafter, at par, at the following percentages of par if called on the following dates, plus accrued interest to date of redemption: Call Date Call Prices On May 1 , 1992, or November 1 , 1992 101% On May 1 , 1993 , or November 1 , 1993 100 . 5% On May 1 , 1994 , and thereafter 100% The City, by Ordinances Nos. 3336 , as amended , and 1619 with regard to the Park Bonds , has pledged irrevocably to levy taxes annually, without limitation as to rate or amount, on all property in the City subject to taxation in an amount sufficient, together with other money legally available and to be used therefor, to pay the principal of and interest on the Park Bonds as the same shall accrue, and the full faith, credit and resources of the City have been pledged irrevocably for the payment of the principal of and interest on the Park Bonds. 3 - The City, by Ordinance No. 3620 with regard to the Limited Tax Bonds, has pledged irrevocably to levy taxes annually, within the constitutional and statutory tax limitations provided by law without a vote of the electors of the City, on all property in the City subject to taxation in an amount sufficient, together with other money legally available and to be used therefor, to pay the principal of and interest on the Limited Tax Bonds as the same shall accrue, and the full faith, credit and resoures of the City have been pledged irrevocably for the payment of the principal of and interest on the Limited Tax Bonds. BID PROPOSALS - SALE Bidders are invited to submit proposals for the purchase of either or, both issues of bonds fixing the interest rate or rates, not to exceed a maximum effective rate of 16% per annum, that the same shall bear in accordance with the maturity schedules above. Bidders shall submit bids specifying : (a) The lowest rate or rates of interest and premium, if any, above par at which the bidder will purchase such bonds; or (b) The lowest rate or rates of interest at which the bidder will purchase such bonds at par. No bid will be considered for the bonds of either issue for less than par and accrued interest, or for less than the entire issue. The purchaser must pay accrued interest, if any, to date of deliv- ery of the bonds of each issue. Coupon rates shall be in multiples of 1/8 or 1/20 of 1%, or both. No more than one rate of interest may be fixed for any one maturity. Only one coupon will be attached to each of the bonds, of each issue for each installment of interest thereon, and bids providing for additional or supplemental coupons will be rejected. The maximum differential between the lowest and highest coupon rates named in any bid shall not exceed 3% . - 4 - For the purpose of comparing the bids only, the coupon rates bid being controlling , each bid shall state the total interest cost over the life of the bonds and the net effective rate of the bid. The City reserves the right to waive any irregularity or informality in any bid or in the bidding process. The bonds of each issue shall be sold to the bidder making the best bid for that issue, subject to the right of the City Council to reject any and all bids for either or both issues and to read- vertise the bonds of such issue or issues for sale in the manner provided by law, and no bid for less than all of the bonds of one of the issues shall be considered. All bids shall be sealed and, except for the bid of the State of Washington, if one is received, all bids for the Park Bonds shall be accompanied by a deposit of $91, 250 , and all bids for the Limited Tax Bonds shall be accompanied by a deposit of $115 ,000. Each deposit shall be either by certified or cashier ' s check made payable to the City Finance Director and shall be returned promptly if the bid is not accepted . The City reserves the right to invest each of the good faith deposits of the purchasers pending the payment for the bonds of that issue. The purchasers shall not be credited for such earnings . If the bonds of either issue are ready for delivery and the successful bidder shall fail or neglect to complete the purchase of such bonds within forty days following the acceptance of its bid , the amount of its deposit shall be forfeited to the City and in that event the City may accept the bid of the one making the next best bid. If there be two or .more equal bids for the bonds of one issue for not less than par plus accrued interest and such bids are the best bids received for that issue, the City Council shall determine by lot which bid shall be accepted. - 5 - Any bid presented after the time specified for the receipt of bids will not be received and any bid not accompanied by the required bid deposit at the time of opening such bid will not be read or considered. DELIVERY OF BONDS The bonds of each issue will be delivered to the successful bidder upon payment of the purchase price of each issue plus accrued interest to the date of delivery, less the amount of the good faith deposit, at the office of the City Clerk or in Seattle, Washington, at the City 's expense, or at such other place as the City Clerk and the successful bidder for such bonds may mutually agree upon at the purchaser 's expense. Settlement shall be made in federal funds immediately available at the time of delivery of each issue of bonds. A no-litigation certificate in the usual form will be included in the closing papers for the bonds of each issue. CUSIP numbers will be printed on the bonds of either issue, if requested in the bid of the successful bidder for such issue, but neither failure to print such numbers on any bond nor error with respect thereto shall constitute cause for a failure or refusal by the purchaser thereof to accept delivery of and pay for such bonds in accordance with the terms of the purchase contract. All expenses in relation to the printing of CUSIP numbers on such bonds shall be paid by the City; but the fee of the CUSIP Service Bureau, for the assignment of those numbers shall be the responsi- bility of and shall be paid by the purchaser. It is understood that if, prior to the delivery of the bonds of either issue, the interest receivable by the holders thereof shall: become taxable, directly or indirectly, by the terms of any federal income tax law, the successful bidder may at its option - 6 - j 1 I i be relievjed of its obligation to purchase such bonds, and in such case the ',deposit accompanying its bid will be returned, without I , interest. The City will cause the bonds of each issue to be printed or lithographed and signed without expense to the successful bidder. I � Theapproving legal ; opinion of Messrs. Roberts & Shefelman (Roberts!, Shefelman, Lawrence, Gay & Moch) , attorneys, Seattle, Washingt! n, will be furnished to the purchaser of the bonds of each I I , � issue without cost to the purchaser, which legal opinion will be printed on each bond. Bond counsel shall not be required to review I I I or express any opinion concerning the completeness or accuracy of any official statement, offering circular or other sales material issued or used in connection with the bonds of either issue, and bond counsel 's opinionsIshall so state. ,i Info ,mation concerning the bonds of each issue may be received Seattle-Northwest Securities Cor oration upon request made toCorporation, 3700 Selafirst Fifth Avenue Plaza, Seattle, Washington, the City 's: financiial consultant. � I I DATED at Renton, Washington, this 12th day of April, 1982. j I I i I i DELORES A. MEAD, City Clerk I I Publication Dates: April 22, 1982 April 29, 1982 � I II Il I ' JG27B/14 I - 7 I I I I i i II I I i I i I i I � ! I CITY OF RENTON, WASHINGTON ORDINANCE NO. 3(p/ / AN ORDINANCE of the City of Renton, Washington, relating to contracting indebtedness; providing for the issuance, specifying the maturities, maximum effective interest rate, terms and Covenants of $'1 ,825,000 par , value of "General Obligation Park Bonds, 1982, " authorized by the qualified voters of the City at a special election held therein pursuant to Ordinance No. 3336, as I amended; establishing a bond redemption fund; Providing for !the sale of such bonds; amending Section III of Ordinance No. 3336, as amended by Section I of Ordinance No. 3350; and repealing Ordinance No. I3613. ! I THE CITY COUNCIL OF THE CITY OF RENTON, WASHINGTON, DO ORDAIN as follows: II Section I. The City of Renton, Washington (the "City" ) ,j shall presently issue and sell the remaining unissued $1, 825,000 ! I I � I par value of negotiable ;general obligation bonds of the total I I $7, 825,000 par value ofjnegotiable general obligation bonds author- ized by the qualified voters of the City at a special election held on September 18, 1979, pursuant to Ordinance No. 3336, passed and approved July 23, 1979, ;as amended by Ordinance No. 3343 passed arid approved August 6, 1979, and Ordinance No. 3350 passed and approved] August 20, 1979, $6,000000 of such bonds having been issued under' date of May 1 , 1980, pursuant to Ordinance No. 3399, as amended by Ordinance No. 3404, for ' the purpose of completing the construction of recreational facilities including boat launch, fishing pier, I I ! trails, day moorage, parking, floating structures, and other equipment and materialsjincidental thereto, at the Gene Coulon ! I - 1 � I I I i i 1 Memorial', Beach Park. The bonds shall be designated "General Obligation Park Bonds, 1982" (the "Bonds" ) , of the City; shall be x �dated May , 1982; shall be in the denomination of $5,000 each; shall be, nimbered from llto 365, inclusive; and shall bear interest at the rate or rates specified in the winning bid for the Bonds, but not yin excess of an effective rate of 16% per annum, payable on May 1, 1983, and semiannually thereafter on each succeeding November, 1 and May 1, asievidenced by coupons to be attached to the Bonds representing interest to maturity. If any Bond is not redeemedl� upon proper presentment at its maturity or call date I i thereof, the City shall be obligated to pay interest at the coupon rate for each such Bond from and after the maturity or call date until such Bond, both principal and interest, shall have been paid in full or until sufficient money for such payment in full is on depositlin the "General Obligation Park Bond Fund, 1982" (the "Bond Fund" ) , hereinafter created, and such Bond has been duly called for payment.), Both principaliof and interest on the Bonds are to be paid in I 'Ila ful money of the United States of America, which at the time oflpa ment shall be' legal tender for the payment of public and privateldebts, at the office of the City Finance Director, or, at I I the option of the holder, at either fiscal agency of the State of Washington in Seattle, Washington, or New York, New York. The Bonds shall mature serially, annually, in order of their numbers in I I the following amounts on May 1 of each of the following years (such maturity schedule being computed at an assumed interest rate of 13. 20%. per 1annum) : - 2 - � 11 I ' Borid Numbers 11 Maturity (Inclusive) Amounts Years 1 5 $ 25,000 1984 6 to 11 30,000 1985 12 to 18 I 35,000 1986 191t6 25 35,000 1987 26' to 33 40 ,000 1988 34 to 42 45,000 1989 43, to 53 55,000 1990 541 to 65 60,000 1991 66 to 79 70 ,000 1992 8Qto 94 75,000 1993 95t8 111 ! 85,000 1994 112, t8 131 100,000 1995 132 to 153 110,000 1996 154 to 178 125,000 1997 179,. to 207 145,000 1998 208, to 239 160,000 1999 2401 to 276 185,000 2000 277, to 318 210,000 2001 319 to 365 235,000 2002 The City reserves the right to redeem any or all of the Bonds prior to their stated maturity dates as a whole, or in part in inverse numerical order, on May 1, 1992, or any semiannual interest1payment date thereafter at the following percentages of i I par if called on the following dates, plus accrued interest to date of redemption: 1 Call Dates Call Prices I. On May, 1 , 1992, or November 1, 1992 101% On May 1 , 1993, or November 1, 1993 100.5% On May 1 , 1994, and thereafter 100% (par) 1 , Notice of such'. intended redemption shall be published in the official newspaper of the City, or if there is no official newspaper, Ithen in a newspaper of general circulation in the City, at least once not less than 30 nor more than 45 days prior to the call date, and a copy ofjsuch notice shall be mailed within the 1 1 3 same period to the main !office of the principal underwriter or account 'Ima;ager of the successful bidder for the Bonds, or its successor. In addition, such redemption notice shall be sent to Moody's Investors Service, Inc. , and Standard & Poor 's Corporation, at their, offices in New 1York, New York, but the mailing of such notice to such New York ',firms shall not be a condition precedent to ! the redemption of such Bonds. Interest on any Bonds so called for redemption shall cease oh such call date upon payment of the redemption price into the Bond Fund. The City furthier reserves the right to purchase any or all of the !Bonds in the ,open market at any time at a price not in excess of the redemption; price on the next call date after such purchase; plus accrued interest to date of purchase. Section II . The City irrevocably pledges to levy taxes annuallyll, without limitation as to rate or amount, on all property in the City subject to taxation in an amount sufficient, together with other money legally, available and to be used therefor, to pay, 1 the principal of and interest on the Bonds as the same shall become due , and the full faith, ' credit and resources of the City are pledgedirievocably for the payment of the principal of and inter-I; est on suc1i Bonds. Section III . The City covenants that it will spend the principal proceeds of the Bonds with due diligence to the completion of the purposes specified in this ordinance and will make no use of the proceeds of the Bonds or of its other money at any time • ! I � l during the ,term of the Bonds which will cause the Bonds to be - 4 - II i i I . arbitrage onds within t1he meaning of ' Section 103(c) of the United' States internal Revenue tode of 1954, as amended, and applicable regulations promulgated thereunder. Section IV. The Bonds and coupons shall be printed or lithographed on good bond paper in a form consistent with the provisions of this ordinlance. The Bonds shall be signed by the facsimile signature of the Mayor, attested by the manual signature of the City Clerk and a facsimile reproduction of the seal of the City shall be printed thereon, and the coupons shall bear the facsimile signatures of the Mayor and the City Clerk. Section V. The Bond Fund is created and established in the office of the City Finance Director. The accrued interest received, if any, upon the sale and delivery of the Bonds shall be paid into the Bond Fund. By Ordinance No. 3399, as amended by Ordinance No. 3404, there has been created and established in the office of the City Finance Director a special fund known and designated as the "Gene Coulon Memorial Beach Park Construction Fund" of', the City. The principal proceeds and premium, if any, received from the sale and delivery of the Bonds shall be paid into the "Gene Coulon Memorial Beach Park Construction Fund" and used for the Purposes specified in Section 1 of this ordinance and to pay the costs of issuance and sale of the Bonds. Pending the expenditure; of such principal proceeds, the City may temporarily invest such proceeds in any legal investment and the investment � I I earnings may be retained in the "Gene Coulon Memorial Beach Park Fund" and expended for the purposes of such fund. All taxes 5 I i I it i I � 1 collected for and other 'money allocated to the payment of the principal of and interest on the Bonds shall be deposited in the Bond Fund. Pending the receipt of the proceeds from the issuance 1 of the Bonds, interest-bearing warrants may be drawn on the "Gene , 1 Coulon Memorial Beach Park Construction Fund" to provide interim funds to pay such costs,, such loan to be repaid from the proceeds received from the issuance of the Bonds. The interest on such warrants' may be fixed by: the City Finance Director at a rate or rates not in excess of 16% per annum. I Section VI . The Bonds shall be sold for cash at public � I sale for: not less than par, plus accrued interest. The City Clerk: is authorized to give notice calling for ' bids to 'purchase the Bonds by publishing such notice as required byl law, and alshort abbreviated form of such notice shall also be publishe''d once in The Seattle Daily Journal of Commerce and Northwest Construction Record of Seattle, Washington, at least ten' days prior to the sale date. Such notice shall specify that sealed bids for the purchase of; the Bonds shall be received by the City Clerk in her office in the City Hall on May 3, 1982, up to 11: 00 a.m. , local time, at which time all bids will be publicly opened and read; and an award made by the City Council at its regular � I � I meeting to be held in the City Council Chambers commencing at 8: 00, p.m. , lo,ca] time, on the, same date. Bids shall be invited for the purchase of the Bonds with I i , fixed maturities in accordance with the schedule specified in Section ,'I hereof. I I 6 - The notice shall specify the maximum effective rate of I ' interest the Bonds shall bear, namely, 16% per annum, and shall require bidders to submit a bid specifying: (a) The lowest rate or rates of interest and premium, if any, above par at which the bidder will purchase the Bonds; or (b) The lowest rate or rates of interest at which the bidder will purchase the Bonds at par. No bid will be, considered for the Bonds for less than par ' and accrued interest. The purchaser must pay accrued interest to date of 'delivery of the bonds. Coupon rates shall be in multiples of 1/8 or 1/20 of 1%, or both. No more than one rate of interest may be fixed for any one maturity. Only one coupon will be attached to each of the Bonds for each installment of interest thereon, and bids providing for additional or supplemental coupons will be rejected. The maximum differential between the lowest and highest coupon rates named in any bid shall not exceed 3%. For the purpose of comparing the bids only, the coupon rates bid being controlling, each bid shall state the total interest cost over the life of the Bonds and the net effective interest rate of the bid: The Bonds shall be sold to the bidder making the best bid, subject tolthe right of the City Council to reject any and all bids 11 and to readvertise the Bonds for sale in the manner provided by law, 1 and no bidlfor less than all of the Bonds shall be considered. The 1 1 - 7 - City further reserves the right to waive any irregularity in any bid or in the bidding process. All bids shall) be sealed, and, except the bid of the State of Washington, if One is received, shall be accompanied by a deposit of $91 ,250. Thejdeposit shall be either by certified check or cashierts check made payable to the City Finance Director and shall bel returnedpromptly if the bid is not accepted. The City reserves,ltte right to invest the good faith deposit of the purchaser; pending the payment for the Bonds. The purchaser shall not be credited for such earnings. If the Bonds are ready for delivery I I and the [successful bidder shall fail or neglect to complete the purchase' of the Bonds within forty days following the acceptance of its bid, the amount of its deposit shall be forfeited to the City 11 and in that event the City may accept the bid of the one making the next best bid . If there be two or more equal bids for not less than par plus accrued interest and such bids are the best bids received', the City Council shall determine by lot which bid shall be accepted. The Bonds will be delivered to the successful bidder , i I upon payment of the purchase price plus accrued interest to the date of delivery, less the amount of the good faith deposit, at the 11 office of the City Clerkior in Seattle, Washington, at the City 's expense, [lor at such other place as the City Clerk and the success ful bidder may mutually agree upon at the purchaser's expense. � I Settlement shall be made lin federal funds immediately available at I , the time 'of delivery of the Bonds. A no-litigation certificate in I I the usual firm will be included in the closing papers. - 8 - I l I CUSIP numbers ,will be printed on the Bonds, if requested' in the bid of the succesjsful bidder, but neither failure to print , such numbers on any bond nor error with respect thereto shall con-, stitute ''cause for a failure or refusal by the purchaser thereof tol accept delivery of and pay for the Bonds in accordance with the terms of the purchase contract. All expenses in relation to the printing of CUSIP number's on the Bonds shall be paid by the City; but the fee of the CUSIP1Service Bureau for the assignment of those numbers shall be the responsibility of and shall be paid for by the purchaser. I I Any bid presented after the time specified for the re- ceipt of'Ibids will not be received, and any bid not accompanied by '! the required bid deposit , at the time of opening will not be read or considered. If, prior to the delivery of the Bonds, the interest I i receivable by the holders thereof shall become taxable, directly or indirectly, by the terms of any federal income tax law, the successful bidder may atiits option be relieved of its obligation to purchase the Bonds, arid in such case the deposit accompanying its bid Will be returned, without interest. The notice of blond sale shall provide that the City will II cause the Bonds to be printed or lithographed and signed and will furnish the approving legal opinion of Messrs. Roberts & Shefelman I � I (Roberts, Shefelman, Lawrence, Gay & Moch) , bond counsel of Seattle, l Washington, covering the Bonds without cost to the purchaser, the I opinion also being printed on each bond. Bond counsel shall not be I - 9 - 1 i � I I required to review or express any opinion concerning the complete- , I ness or accuracy of any official statement, offering circular or I j other sajles material issued or used in connection with the Bonds, and bond' counsel 's opinion shall so state. Such notice shall also provide that further information regarding the details of the Bonds 1 may be received upon request made to the City Clerk or to Seattle-I Northwest Securities Corporation, 3700 Seafirst Fifth Avenue Plaza , Seattle Washington, the, City's financial consultant. Section VII . Section III of Ordinance No. 3336 passed and approved July 23, 1979, as amended by Section I of Ordinance ' No. 3350 , palssed and approved on August 20, 1979, is amended to read as follows: Section III . The general obligation bonds herein author' ized to be issued shall be serial in form and shall bear interest which except for the first interest coupon shall be payable semi- annually, and shall mature in from two to not more than twenty I years from (date of issue,j the life of the improvements to be acquired by such bonds being at least twenty years, in such amounts, I i as nearly as practicably annually as will result in a difference of not more 'than $5,000.00 between the highest and lowest annual payment of principal and interest, excluding the first two years from date, of issue, computed on such anticipated effective interest; rate as the City Council of the City shall in its discretion 1 determine will be borne by such bonds and shall be paid by annual I i tax levies sufficient in amount to pay both principal and interest 1 when due, which annual tax levy shall be made without limitation as 1 � I - 10 - i � Il I 1 ' I ' to rate or amount, and the bonds shall so provide. The bonds shall' be redeemable at the option of the City at such times as shall be hereafter determined by :ordinance. The date of issue, interest rate or'1rates, maturities, form and covenants of such bonds shall be hereafter fixed by ordinance of the City Council of the City, and the lbonds shall be ilssued and sold when the proceeds thereof may be required. I Section VIII . I Ordinance No. 3613, passed and approved on February 22, 1982, is repealed. I 1 Section IX. All actions heretofore taken by the City, II I its officers or employees, consistent with the provisions of this ordinance are ratified, (approved and confirmed. PASSED by the city Council of the City of Renton, I i Washington; at a regular open public meeting thereof, this 12th day of April , 1982. I I I DELORES A. MEAD, City Clerk APPROVED by the Mayor this 12th day of April, 1982. BARBARA Y. SHINPOCH, Mayor FORM APPROVED: I i City Attorney i I Il Publication Date: April 16, 1982 i I - 11 - i ' I I t i I i I , DELORES A. MEAD, City Clerk of the City of Renton, Washington, hereby certify that the attached copy of Ordinance No. is ; a true and correct copy of the original ordinance passed on the 12th day of April, 1982, as such ordinance appears on the Minute Book of the City. DATED this day of April , 1982. j - i DELORES A. MEAD, City Clerk I i JG30B1 , I I � Renton City Council 4/12/82 Page 4 Ordinances and Resolutions - Continued First Readings The Ways and Means Committee recommended .first reading of an.,, .1 Building Code ordinance providing for amendment to the Building Code relati1ng Penalties to violations and penalties. Following reading, MOVED BY STREDICKE, SECOND ROCKHILL, REFER THE ORDINANCE BACK TO THE COMMITTEE FOR ONE WEEK. CARRIED. I Rezone The committee recommended first reading of an ordinance privi!di'ng Union Ave°. NE for rezone from G to R-1 for Belterra Development Co. ; known asi R 004-82. 1Following reading, MOVED BY STREDICKE, SECOND HUGHES'I, REFER ORDINANCE BACK TO COMMITTEE FOR ONE WEEK. CARRIED. i Rezone An ordinance was read providing for change in zoning classification from G to R-1 located at 2213 Duvall Ave. NE; known as Pederson, R 105-81 . MOVED BY STREDICKE, SECOND ROCKHILL, REFER ORDINANCE BACK TO THE WAYS AND MEANS COMMITTEE FOR ONE WEEK. CARRIED. i The Ways and Means Committee recommended first, second and final readings and adoption of the following ordinances: Ordinance #361i9 An ordinance was read providing for issuance and sale of $1 ,825,000 Park Bonds General Obligation Park Bonds, 1982 as authorized by the voters ' at Special Election pursuant to Ordinance 3336, as amended. and , repealing Ordinance No. 3613. MOVED BY STREDICKE, ,SECOND HUGHES, SUSPEND RULES AND ADVANCE TO SECOND AND FINAL READINGS. CARRIED. Following second and final reading, it was MOVED BY STREDICKE; SECOND ROCKHILL, ADOPT THE ORDINANCE AS PRESENTED. :.Councilman , Stredicke inquired for the record re action 6y Legislature changing requirements on percentage of interest rates, being advised affiirma- tively by Mayor Shinpoch, Bill No. 4728. ROLL CALL: ALL AYES. CARRIED. ' 1 Ordinance #3620 An ordinance was read providing for issuance and sale of Limited City Shop Bonds Tax General ' Obligation City Shop Bonds in amount of $2,300,000•. ' MOVED BY STREDICKE, SECOND HUGHES, SUSPEND RULES AND ADVANCE TO I SECOND AND FINAL READINGS. CARRIED. Following final reading,i it was MOVED BY STREDICKE, SECOND HUGHES, ADOPT THE ORDINANCE ASI PRESENTED. Upon inquiry Acting Finance Director advised bid open- ing date ofl5/3/82. ROLL CALL: ALL AYES. CARRIED. The committee recommended reading and adoption of the following I resolutions:] 1 Resolution ' #2442 I 1 Amendment to A resolution was read amending the Six-Year Transportation ImprroVe- Six-Year ment Program and the City's Arterial Street Plan as approved at I Transportation public hearing to include access to new City Shop and County Court. Improvement MOVED BY STREDICKE, SECOND HUGHES, ADOPT THE RESOLUTION AS READ. I CARRIED. j I Resolution ''#2443 A resolution' was read providing "Just Compensation" for Parcel Just Compensation A-1 of the Senior Housing and Pedestrian Corridor, establishing fair market value of the parced $35,450. MOVED BY STREDICKE, SECOND REED, 'ADOPT THE RESOLUTION AS PRESENTED. CARRIED. Resolution #2444 .A resolution was read transferring $1 ,000 concerning acquisition Fund Transfer of the Thomas property for Cedar River Trail . MOVED BY STREDICKE, SECOND MATHEWS,. ADOPT THE RESOLUTION AS PRESENTED. CARRIED. i Appointment [ I The Ways and Aeans Committee recommended council concur in the Board of Ethics Mayor' s appointment of Ray Peretti to the Board of Ethics; succeed- ing James Medzegian; four-year term effective to 12/31/85. Mr. Peretti represents the Renton Chamber of Commerce. MOVED BY STREDICKE, SECOND CLYMER, COUNCIL CONCUR IN APPOINTMENT TO THE 1 I BOARD OF ETHICS. CARRIED. Voucher Approva1l The committee] recommended Council approval for payment of Vouchers, No. 38963 through 39262 in the amount of $462,594.38 having received departmental certification. Also included: LID #314 Revenue Warrant R-14 in amount of $61 .88; LID #321 Revenue Warrant R-4 ' in amount of 1 0 $ 9, 79.92. MOVED BY STREDICKE, SECOND HUGHES, CONCUR IN REPORT. CARRIED. (Machine Voids: #38952-38962. )• I . 1 1 4 1 Renton City Council 4 12/82 Page 3 errespondence 1 nger Letter from Virginia L. Berney, 121 Monterey P1 . NE, reported a -sk Force meeting of 31 concerned citizens under the auspices of Renton 1 Ecumenical Association of Churches met to consider alleviating hunger at the lower end of the economic scale. Emergency meals were discussed by representatives of 10 Renton churches at the 1 3/30/82 meeting. Mayor Shinpoch was invited to attend a second meeting 4/15/82 at the First United Methodist Church. Mayor Shinpoch reported that due to prior commitment she would not be able to attend and asked for Council Member interested in attending. $LD BUSINESS MOVED BY CLYMER, SECOND HUGHES REFER TO COMMITTEE OF THE WHOLE hire Permits for LETTERS REGARDING THE FIRE CODE. REV. JOHN SCHAEFFER, ST. LUKES Ihurch Buildings ESPISCOPAL CHURCH. CARRIED. arine Patrol Councilman Rockhill noted memo was received from Administrative Assistant Parness re King County Marine Patrol for Lake Washington and inquired re costs. Mayor Shinpoch called attention to Wednesday meeting and need for Council direction. MOVED BY STREDICKE, SECOND REED, SUBJECT MATTER OF MARINE PATROL BE REFERRED TO THE COMMITTEE OF THE WHOLE. CARRIED. Upon inquiry from Council , Policy Development Director Clemens noted the Planning Commission will be considering revisions to the Comprehensive Plan for downtown, noting post card notification. Councilman Stredicke called attention to sign code violations by ' placement of real estate signs in public right-of-way on Mill Ave. and Redmond. Utilities Utilities Committee Chairman Mathews left the Council Chambers ,Committee and took no part in committee report submitted by committee members . Vertrees Sewer Trimm and Clymer concerning request for investigation re sewer Within Northeast hookup on Union Ave. S. for Vertrees. The report recommended con- Moratorium Area currence with the Building Department that the lot is within the sewer moratorium area, therefore, no sewer connection will be allowed. MOVED BY TRIMM, SECOND STREDICKE, COUNCIL CONCUR„IN THE RECOMMENDATION OF THE UTILITIES COMMITTEE. CARRIED. MOVED BY REED, SECOND HUGHES, SUSPEND RULES AND ALLOW MR. VERTREES TO SPEAK TO COUNCIL. CARRIED. John C. Vertrees, 1117 SeaTac Office Center, 1800 Pacific Highway S. , expressed disappointment at the adoption of the committee report, being in disagreement and explained Engineering Dept. approval and installation of sewer stub by adjoin- ing property owner, Mr. Carter. Councilman Stredicke noted for the record that the Utilities Committee was to meet with Mr. Vertrees and verified Mr. Vertrees had been notified of meeting. The sewer moratorium was discussed; it was nofed the 361 allowed units are either built ,or building permits issued. ORDINANCES AND RESOLUTIONS Ways and Means The Ways and Means Committee Chairman Stredicke submitted committee Committee report recommending first reading of an ordinance amending the First Reading Subdivision Ordinance and Building Code relating to offsite improve- Subdivision ments and providing for latecomer agreements. The report noted Building Code provision for latecomer agreements on paving was added to proposed Amendment ordinance placed on first reading 4/5/82 and was, therefore, resub- mitted for first reading. Following reading, MOVED BY STREDICKE, SECOND BY ROCKHILL, REFER ORDINANCE BACK TO THE WAYS AND MEANS COMMITTEE FOR ONE WEEK. CARRIED. Senior Housing The committee recommended first readings for the 'following ordi- nances: An ordinance was read appropriating funds in the amount of $35,450 for Senior Housing Land Acquisition. Following reading, it was MOVED BY STREDICKE, SECOND HUGHES, REFER ORDINANCE BACK TO THE WAYS AND MEANS COMMITTEE FOR ONE WEEK. CARRIED. _. Alley Vacation An ordinance was read providing for vacation of alley located be- tween Burnett Ave. N and Park Ave. N and between N 32nd and. N 33rd Streets as pet'lttoned by Davidson (VAC 03-82) . MOVED BY STREDICKE, SECOND HUGHES, REFER ORDINANCE BACK TO COMMITTEE FOR ONE WEEK. CARRIED. I I' i OF ;$ z THE CITY OF RENTON MUNICIPAL BUILDING 200 MILL AVE. SO. RENTON,WASH. 98055 amm BARBARA Y. SHINPOCH. MAYOR • DELORES A. MEAD �9,0 co CITY CLERK • (206) 235-2500 O Q' 1rFD O, April 19, 1982 The Daily Journal of Commerce 83 Columbia Street Seattle, WA 98104 ATTN: Barbara Somes/Dennis Stuhang RE: Notice of Bond Sale - General Obligation Bonds, 1982 Limited Tax General Obligation Bonds, 19821 Gentlemen: Enclosed is City of Renton Notice of Bond Sale for publication on April 22, 1982. Please furnish affidavits of publication in triplicate. Thank you for your courtesies. Yours very truly, CITY OF RENTON Delores A. Mead, C.M.C. City Clerk DAM: b EPIC: 1 I I I I SALE DATE:May 3,1982 SALE TIME:;11:00 A.M. Local-time NEW ISSUE 1 MOODY'S RATING: Applied For CITY OF RENTON, WASHINGTON GENERAL OBLIGATION BONDS, 1982 DATED: May 1,1982 I DUE: May 1, as shown below Descripton of Boads - Principal and semi-annual interest(May 1 and November 1, first coupon May 1, 1983)payable at the office of the City Finance Director in Renton, Washington, or, at the option of the holder, at either of the fiscal agen- 1 cies of the State of Washington in the cities of Seattle, Washington or,New York, New York. Bearer coupon bonds only, in denomination of$5,000. i $1,825,000 1 UNLIMITED TAX GENERAL OBLIGATION PARK BONDS, 1982 Due Coupon Yield or Due Coupon Yield or Amount May 1 Rate Price Amount May 1 Rate Price $25,000 F 1984 $ 85,000 1994 30,000 I 1985 100,000 1995 i 35,000 1986 110,000 1996 i 35,000 1987 125,000 1997 40,000 I 1988 145,000 1998 45,000 1989 160,000 1999 55,000 1990 185,000 2000 60,000 1991 210,000 2001 70,000 1992 235,000 2002 I 75,000 ! 11993 i Redemption Provision - The City has reserved the right to redeem any or all of the outstanding bonds in whole, or Iin 1 part, in inverse numerical order, on May 1', 1992 or on any semi-annual interest payment date thereafter at the following 1 percentages of pa'if called on the following dates: I Redemption Dates Redemption Prices May 1, 1992, or November 1, 1992 101.00% May 1, 1993, or November 1, 1993 100.50% May 1, 1994 and thereafter 100.00% i $2,300,000 LIMITED TAX GENERAL OBLIGATION I SHOP FACILITIES BONDS, 1982 Due Coupon Yield or Due Coupon Yield or Amount May 1 Rate Price Amount May 1 Rate Price i $30,000 1984 _ $110,000 1994 35,000 1985 125,000 1995 1 40,000 1986 140,000 1996 I 45,000 1987 160,000 1997 50,000 'I 1988 180,000 1998 1 60,000 i 1989 205,000 1999 ' 65,000 1 1990 235,000 2000 I 1 75,000 1991 265,000 2001 85,000 1992 300,000 2002 1 95,000 1 1993 Redemption Provision - The City has'reserved the right to redeem any or all of the outstanding bonds in whole, or in part, in inverse numerical order, on May 1, 1992 or on any semi-annual interest payment date thereafter at the following percentages1of par if called on the following dates: Redemption Dates Redemption Prices May 1, 1992, or November 1, 1992 101.00% May 1, 1993, or November 1, 1993 100.50% May 1, 1994 and thereafter 100.00% Legal Opinion - The approving legal opinion of Roberts&Shefelman (Roberts, Shefelman, Lawrence, Gay&Mach), Bond Counsel of Seattle, Washington, and executed bonds with the legal opinion printed on the bonds, will be furnished the purchaser at the expense of the City. A non-litigation certificate in the usual form will be included in the closing documents. I 1 April 19, 1982 I 1 j 11 Seattle-Northwest Securities Corporation 1 CITY OF RENTON ELECTED OFFICIALS MAYOR Barbara Y. Shinpoch CITY COUNCIL Earl H. Clymer President Richard M. Stredicke President Pro-Tern Robert J. Hughes Council Member Nancy L. Mathews Council Member John W. Reed Council Member Randall Rockhill Council Member Thomas W. Trimm Council Member APPOINTED OFFICIALS William E. Bennett Acting Finance Director Delores A. Mead City Clerk Lawrence J. Warren City Attorney John Webley Park Director ' I � I BOND COUNSEL I Roberts&Shefelman (Roberts, Shefelman, Lawrence, Gay&Moch) Seattle, Washington FINANCIAL ADVISOR , I I Seattle-Northwest Securities Corporation Seattle, Washington (206) 628-2882 The information contained herein has been compiled by Seattle-Northwest Securities Corporation from official and other sources,and, while not guaranteed as to accuracy,is believed to be correct and complete. 3 of NOTICE OF BOND SALE CITY OF RENTON, WASHINGTON { $1,825,000 "GENERAL OBLIGATION PARK BONDS, 1982" $2,300,000 "LIMITED TAX GENERAL OBLIGATION BONDS, 1982" SEALED PROPOSALS will be received by the City Clerk at her office in the City Hall, 200 Mill Avenue South, Renton, Washington, until 11:00 a.m., local time, on MAY 3, 1982, at which time all bids will be publicly opened and read for the purchase of (a) $1,825,000 par value"General Obligation Park Bonds, 1982" (the"Park Bonds"), and (b) $2,300,000 par value of"Limited Tax General Obligation Bonds, 1982" (the"Limited Tax Bonds"), of the City of Renton, Washington(the"City"). The bids for each issue of bonds will be considered and acted upon by the City Council at its regular meeting to be held in the Council Chambers commencing at 8:00 p.m., local time on the same date. BONDS — DESCRIPTION: The Park Bonds are to be issued by the City pursuant to a special election authorizing the same for strictly municipal capital purposes, other than the replacement of equipment, as pro- vided by Ordinance No. 3336 of the City passed and approved July 23, 1979, as amended, authorizing the Park Bonds. The Limited Tax Bonds are to be issued by the City pursuant to Ordinance No. 0000 of the City passed and approved April 12, 1982. The Park Bonds will be dated May 1, 1982; will be in the denomination of $5,000 each; will be numbered from 1 to 365, inclusive; will bear interest payable on May 1, 1983, and semiannually thereafter on each suc- ceeding November 1 and May 1, interest to maturity to be evidenced by coupons to be attached to such bonds; and will be payable, both principal and interest, at the office of the City Finance Director or, at the option of the holder, at either fiscal agency of the State of Washington in Seattle, Washington, or New York, New York. The Park Bonds will mature serially, annually, in order of their numbers on May 1 of each of the fol- lowing years: Bond Numbers Maturity (Inclusive) Amounts Years 1 to 5 $ 25,000 1984 6 to 11 30,000 1985 12 to 18 35,000 1986 19 to 25 35,000 1987 26 to 33 40,000 1988 34to 42 45,000 1989 43 to 53 55,000 1990 54 to 65 60,000 1991 66 to 79 70,000 1992 80 to 94 75,000 1993 95 to 111 85,000 1994 112 to 131 100,000 1995 132 to 153 110,000 1996 154 to 178 125,000 1997 179 to 207 145,000 1998 208 to 239 160,000 1999 240 to 276 185,000 2000 277 to 318 210,000 2001 319 to 365 235,000 2002 4 I i The Limited Tax Bonds will be dated May 1, 1982; will be in the denomination of$5,000 each; will be num- bered from 1 to 460, inclusive; will bear'interest payable on May 1, 1983, and semiannually thereafter on each succeeding November 1 and May 1, interest to maturity to be evidenced by coupons to be attached to such bonds; and will be payable, both principal and interest, at the office of the City Finance Director or, at the option of the,,holder, at either fiscal agency of the State of Washington in Seattle, Washington, or New York, New York. The Limited Tax Bonds will mature serially, annually, in order of their numbers on May 1 of each of the following years: Bond Numbers Maturity (Inclusive) Amounts Years i l Ito 6 $ 30,000 I 1984 7 to 13 35,000 1985 14to 21 40,000 1986 22 to 30 45,000 1987 31 to 40 50,000 1988 41 to 52 . 60,000 1989 53 to 65 65,000 1990 66to 80 75,000 1991 81 to 97 85,000 1992 98 to 116 ' 95,000 1993 117 to 138 ' 110,000 i 1994 I 139 to 163 ; 125,000 • 1995 164 to 191 140,000 1996 192 to 223 ' 160,000 1997 224 to 259 180,000 1998 260 to 300 205,000 1999 -301 to 347 235,000 2000 348 to 400 265,000 2001 401 to 460 300,000 , 2002 The City has reserved the right to redeem any or all of the bonds of each issue prior to their stated maturity dates as a whole, or in part in inverse,numerical order, on May 1, 1992, or on any semiannual interest pay- ment date thereafter, at par, at the following percentages of par if called on the following dates, plus accrued interest to date of redemption: Call Dates Call Price s I On May 1, 1992, or November 1, 1992 101% On May 1, 1993, or November 1, 1993 100.5% On May 1, 1994, and thereafter 100% The City,by Ordinances Nos. 3336, as' amended, and 0000,with regard to the Park Bonds, has pledged irre- vocably to levy taxes annually, without limitation as to rate or amount, on all property in the City subject to taxation in an amount sufficient, together with other money legally available and to be used therefor, to pay the principal of and interest on the Park Bonds as the same shall accrue, and the full faith, credit and resources of the City have been pledged irrevocably for the payment of the principal of and interest on the Park Bond's. The City, by Ordinance No. 0000 with regard to the Limited Tax Bonds, has pledged irrevocably to leyy taxes annually, within the constitutional and statutory tax limitations provided by law without a vote of the electors of the City, on all property in the City subject.to taxation in an amount sufficient, together with other money legally available and to be used therefor, to pay the principal of and interest on the Limited Tax I Bonds as the same shall accrue, and the full faith, credit and resources of the City have been pledged ire-; vocably for ithe payment of the principal of and interest on the Limited Tax Bonds. BID PROPOSALS — SALE: Bidders are invited to submit proposals for the purchase of either or both issues of bonds fixing the interest rate or rates, not to exceed a maximum effective rate of 16% per annum, that the same shall bear in accordance'with the maturity schedules above. Bidders shall submit bids specifying:I (a) The lowest rate or rates of interest and premium, if any, above par at which the bidder will purchase such bonds; or (b) The lowest rate or rates of interest at which the bidder will purchase such bonds at par. No bid will be Considered for the bonds of either issue for less than par and accrued interest, or for less than. 5 the entire issue. The purchaser must pay accrued interest, if any, to date of delivery of the bonds of each issue. 1 Coupon rates shall be in multiples of 1/8 or 1/20 of 1%, or both. No more than one rateof interest may be fixed for any one maturity. Only one coupon will be attached to each of the bonds of each issue for each installment of interest thereon, and bids providing for additional or supplemental coupons will be rejected. The maximum differential between the lowest and highest coupon rates named in any bid shall not exceed 3%. For the purpose of comparing the bids only, the coupon rates bid being controlling, each bid shall state the total interest cost over the life of the bonds and the net effective rate of the bid. 11 The City reserves the right to waive any irregularity or informality in any bid or in the bidding process. The bonds of each issue shall be sold to the bidder making the best bid for that issue, subject to the right of the City Council to reject any and all bids for either or both issues and to readvertise the bonds of such issue or issues for sale in the manner provided by law, and no bid for less than all of the bonds of one of the issues shall be considered. All bids shall be sealed and, except for the bid of the State of Washington, if one is received, all bids for the Park Bonds shall be accompanied by a deposit of$91,250, and all bids for the Limited Tax Bonds shall be accompanied by a deposit of $115,000. Each deposit shall be either by certified or cashier's check made pay- able to the City Finance Director and shall be returned promptly if the bid is not accepted.)The City reserves the right to invest each of the good faith deposits of the purchasers pending the payment! for the bonds of 1 that issue. The purchasers shall not be credited for such earnings. If the bonds of either issue are ready for delivery and the successful bidder shall fail or neglect to complete the purchase of such bonds within forty days following the acceptance of its bid, the amount of its deposit shall be forfeited to the City and in that 1 event the City may accept the bid of the one making the next best bid. If there be two or more equal bids for the bonds of one issue for not less than par plus accrued interest and such bids are the best bids received for that issue, the City Council shall determine by lot which bid shall be accepted. Any bid presented after the time specified for the receipt of bids will not be received and any bid not ac- companied by the required bid deposit at the time of opening such bid will not be read or considered. I DELIVERY OF BONDS: The bonds of each issue will be delivered to the successful bidder upon payment of the purchase price of each issue plus accrued interest to the date of delivery, less the amount of the good faith deposit, at the office of the City Clerk or in Seattle, Washington, at the City's expense), or at such other place as the City Clerk and the successful bidder for such bonds may mutually agree upon at the purchaser's expense. Settlement shall be made in federal funds immediately available at the time of delivery of each issue of bonds. A no-litigation certificate in the usual form will be included in the closing papers for the bonds of each issue. CUSIP numbers will be printed on the bonds of either issue, if requested in the bid of the successful bidder 1 for such issue, but neither failure to print such numbers on any bond nor error with respect thereto shall con- stitute cause for a failure or refusal by the purchaser thereof to accept delivery of and pay for such bonds in accordance with the terms of the purchase contract. All expenses in relation to the printing of CUSIP num- 1 bers on such bonds shall be paid by the City; but the fee of the CUSIP Service Bureau for the assignment of those numbers shall be the responsibility of and shall be paid by the purchaser. It is understood that if, prior to the delivery of the bonds of either issue, the interest receivable by the holders thereof shall become taxable, directly or indirectly, by the terms of any federal income tax law, the successful bidder may at its option be relieved of its obligation to purchase such bonds, and in such case the 1 deposit accompanying its bid will be returned, without interest. The City will cause the bonds of each issue to be printed or lithographed and signed without expense to the successful bidder. 1 The approving legal opinion of Messrs. Roberts & Shefelman (Roberts, Shefelman, Lawrence, Gay & Moch), attorneys, Seattle, Washington, will be furnished to the purchaser of the bonds of each issue without cost to the purchaser, which legal opinion will be printed on each bond. Bond counsel shall not be required Ito review or express any opinion concerning the completeness or accuracy of any official statement, offering circular or other sales material issued or used in connection with the bonds of either issue, and bond counsel's opinions shall so state. Information concerning the bonds of each issue may be received upon request made to Seattle-Northwest 'Securities Corporation, 3700 Seafirst Fifth Avenue Plaza, Seattle, Washington, the City's financial consultant. DATED at Renton, Washington, this 12th day of April, 1982. DELORES A. MEAD, City Clerk 6 I I, PURPOSE The proceeds of the "park" bond issue will be used for the purpose of completing the extension of Gene L. Coulon Memorial Beach Park and the.construction of certain recreational facilities including boat launch, fishing pier, trails, day moorage, parking and floating structures. The proceeds of 'the limited tax "shop facilities" bond issue will be used to provide funds with which to pay the cost of designing and constructing new shop facilities. SECURITY The"park" bond are secured by the full faith and credit of the City and will be paid from ad valorem taxes levied annually on all property within the City without limitation as to rate or amount. I ' The"shop facilities"bonds will be limited tax general obligations of the City. The City will levy taxes annually within the constitutional and statutory limitations provided by law without a vote of the electors of the City, upon all property in the City subject to taxation in an amount sufficient, together with other money legally available, to pay;the principal of and interest on the "shop facilities" bonds as they become due, and the full faith, credit, and resources of the City are pledged for the payment of the principal of and interest on the bonds. I , AUTHORIZATION FOR ISSUANCE Under, and in accordance with, the laws and provisions of the State of Washington, the "park" bond issue is issued pursuant to various ordinances of the City, and subsequently approved by a favorable vote at an elec- tion held within the City. Under, and in accordance with, the laws and provisions of the State of Washington, the limited tax "shop facilities" bond issue is issued pursuant to an ordinance of the City. The City has adopted the ordinance auth- orizing the sale of the bonds and providing for the date, form, maximum interest rate, maturities, and terms of such bonds. The City has adopted the ordinance authorizing the sale of the bonds and providing for the date, form, maxi- mum interest rate, maturities, and terms of such bonds. CITY TAXING POWERS Title 84 of the Revised Code of Washington(RCW 84.52.043) allows a city to levy taxes of$3.375 per $1,000 of taxable property in the city and Title 41 (RCW 41.16.060) allows an additional $.225 per $1,000, if not re- quired to fund pension programs, for any municipal purposes. These taxes may be levied without a vote of the people. The principal and interest on the limited tax general obligation "shop facilities" bonds must be paid from these taxes unless funds are available from other sources. These taxes are'further subject to the provisions of RCW 84.55 limiting annual general purpose or regular property tax levies. The limitation provides that unless a higher rate is approved by a majority of voters at an election, the regular property taxes payable in the following year shall not exceed one hundred six percent (106%) of the amount of regular property taxes lawfully levied by the city in the highest of the three most recent years in which such taxes were levied, plus an additional dollar amount, calculated by multiplying the increase in assessed value in the city resulting from new construction and improvements to property by the regular property tax levy rate of the city for the preceding year. DEBT LIMITATION As prescribed by statutes of the State of Washington, the unlimited tax general obligation indebtedness per- mitted for cities, subject to 60% majority vote of qualified electors, is limited to 2.5% of assessed valuation for general purposes, 2.5% for utilities and 2.507o for open space/park facilities. Nonvoted (limited tax) gen- eral obligation indebtedness is limited to 3/4 of 1% of assessed valuation. The combination of unlimited tax and limited tax general obligation debt for all purposes cannot exceed 7.5% of assessed valuation. DEBT PAYMENT RECORD The City of Renton has always promptly met principal and interest payment on outstanding bonds when due. Additionally, no refunding bonds have been issued for the purpose of preventing an impending default. ' I TAX EXEMPT STATUS In the opinion of Bond Counsel, interest on the Bonds is exempt from Federal income taxes under existing laws and regulations. OFFICIAL STATEMENT This Official Statement was prepared by Seattle-Northwest Securities Corporation as financial advisor to the City. The information contained herein has been compiled from official and other sources considered reliable and, while not guaranteed as to accuracy, is believed to be correct. Officials of the City have reviewed this ' document and in the opinion of such officials, the information contained herein is accurate and complete to the best of their knowledge. Bond Counsel has not reviewed and, thus, expresses no opinion concerning the completeness or accuracy of t any Official Statement, offering circular or other sales material issued or used in connection with the Bonds, and its opinion will so state. OFFICIAL STATEMENT CERTIFICATE 11 At the time of payment for the delivery of the bonds, the City will furnish the successful bidder, on request, a certificate signed by appropriate officers of the City acting in their official capacity to the effect that to the best of their knowledge and belief, and after reasonable investigation, (a) neither the Official Statement nor ' any amendment or supplement thereto contains any untrue statement of a material fact or omits to state any material fact necessary to make the statements therein, in light of the circumstances in which they were made, not misleading; nor (b) has there been any material adverse change in the operation of financial affairs of the City or relating to the economy of the City since the date of such Official Statement. PENSIONS Salaried employees of the City are covered by pensions operated and managed by the State of Washington. Policemen and firemen are covered by the Law Enforcement Officer and Firefighter Retirement Fund (LEOFF). Contributions to this fund are paid on the basis of gross salary. City employees are covered by the Public Employees Retirement System (PERS). Contributions to this fund are also based upon gross salary. The City is current in its required contributions to these plans and has no unfunded liability at this time. ASSESSED VALUATION DETERMINATION In the State of Washington the County Assessor ("Assessor") determines the value of all real and personal property throughout the county (including the City) which is subject to ad valorem taxation. The Assessor is an elected official whose duties and methods of determining value are prescribed and controlled by statute and by detailed regulations promulgated by the Department of Revenue of the State of Washington. For tax purposes the assessed value of property is 100% of its actual,value. All property is subject to revaluation every four years. The revaluation occurs in cycles, and the intention is that one-fourth of the property be re- valued every year. The property is listed by the Assessor on a roll at its current assessed value and the roll is filed in his office. The Assessor's determinations are subject to revision by the County Board of Equalization and, for certain property, subject to further revision by the State Board of Equalization. After all administra- tive procedures are completed, the City receives the Assessor's final certificate of assessed value of property within the City. TAX COLLECTION PROCEDURE 1 Property taxes are levied in specific amounts and the millage rates for all taxes levied for all taxing districts in the county (including the City) are determined, calculated, and fixed by the Assessor based upon the assessed valuation of the property within the various taxing districts. The Assessor extends the taxes to be levied within ,each taxing district upon a tax roll which contains the total amount of taxes to be so levied and collected. The tax roll is delivered to the County Treasurer by December 15 of each year, and an abstract of the tax roll, showing the total amount of taxes collectible in each of the taxing districts for the year, is' delivered to the County Auditor at the same time.The County auditor issues to the County Treasurer his warrant authorizing the collection of taxes listed on the Assessor's certified tax roll. The Treasurer creates a tax account for each ;taxpayer and is responsible for the collection of taxes due to each account. All such taxes are!due and payable on the 30th of April of each year, but if the amount due from a taxpayer exceeds ten dollars, one-half may be paid then and the balance no later than October 31 of each year. The method of giving notice of payment lof taxes due, the Treasurer's accounting for the money collected, the division of the taxes among the various 8 taxing districts, notices of delinquency, and collection procedures are all covered by detailed statutes. The lien for property taxesi is prior to all other liens or encumbrances of any kind on real or personal property subject to taxation. By law the Treasurer may not commence foreclosure of a tax lien on real property until three (3) years have passedisince the first delinquency. AUTHORIZATION OF SHORT TERM DEBT The power of the City to contract debt of any kind is controlled and limited by state law. All debt must be set forth in accordance with detailed budget procedures and paid for out of identifiable receipts and revenues. The budget must be balanced for each fiscal year. It is unlawful for an officer or employee of the City to incur liabilities in excess of budgetary appropriations. The city may incur short term indebtedness in the fol- lowing ways:1(1) In an emergency the City Council may put a plan into effect and authorize indebtedness out- ' side the current budget. All expenditures for emegency purposes shall be paid by warrants from any available money in the'fund properly chargeable with such expenditures. If there is insufficient money on hand in the fund, the warrants become registered interest-bearing warrants. In adopting the budget for any fiscal year, the 1 City Council shall appropriate funds to retire any outstanding registered warrants issued since the adoption of the last preceeding budget, (2) The City may, without a vote of the electors, purchase property on a condi- tional sales contract if the total contract amount does not exceed 3/4 of one percent of the value of taxable property in the City; any item so purchased must be budgeted for payment in accordance with the terms of the contract. AUDITING OF CITY FINANCES The State Auditor is required to examine the affairs of cities at least once every two years. The examination must include, among other things, the financial condition and resources of the City, whether the laws and constitution of the State are being complied with, and the methods and accuracy of the accounts and reports of the City. Reports of the Auditor's examinations are required to be filed in the office of the State Auditor and in the auditing department of the City. LITIGATION There is currently no controversy or legal action pending or threatened, to the knowledge of the City, re- straining or affecting the validity or issuance of the Bonds. At the time of delivery the City will furnish the purchaser with a non-litigation certificate in customary form. • , I 9 FINANCIAL INFORMATION (As of December 31,1981) Assessed Valuation (1982) $1,994,506,518 Estimated Population — 32,200 Assessed Valuation — 100% of Assessed Value NET DIRECT AND OVERLAPPING DEBT Direct Debt: Limited Tax* $3,350,000 Unlimited Tax** 7,825,000 $11,175,000 Less: Cash and Investments in Bond Fund 515,590 Net Direct Debt $10,659,410 Overlapping Debt 21,989,818 Total Net Direct and Overlapping Debt $32,649,228 *Including the"shop facilities" bonds. **Including the"park"bonds. BONDED DEBT RATIOS ' Net Direct Debt to Assessed Valuation .53% Net Direct and Overlapping Debt to Assessed Valuation' 1.64% Per Capita Assessed Valuation $61,941 I Per Capital Net Direct Debt I 331 Per Capital Net Direct and Overlapping Debt 1,014 TAX COLLECTION RECORD Assessed Tax Taxes Collected Year Valuation(1) Levy Year of Levy As of 12/31/81 1982 $1,994,506,518 $4,355,067 (2) (2) 1981 1,710,240,038 3,938,640 97.9% 97.9% 1980 1,079,489,821 3,468,714 97.8% 99.5% 1979 903,704,278 3,260,727 98.3% 99.7% 1978 800,098,028 2,880,353 98.3% 99.8% 1977 756,393,982 2,723,018 98.7% 99.9% 1976 716,778,058 2,565,347 98.5% 100.0% 1975 649,812,006 2,339,323 97.8% 100.0% (1) Assessed valuation is based upon 100% of estimated actual valuation. (2) In process of collection. NOTE: Taxes are due and payable on April 30 of each year succeeding the levy. The entire tax or first half must be paid on or before April 30, or else the total amount becomes delinquent on May 1. The second half of the tax is payable on or before October 31, becoming delinquent November 1. • 10 -- -- -_ _- - -- --- -_ CITY OF RENTON _ STATEMENT OF DEBT SERVICE-REQUIREMENT------ - - -- --- --- --_ (Year Ended December 31) These Issues Outstanding Debt Limited Tax Total Limited Tax Unlimited Tax "Park"Bonds "Shop Facilities"Bonds Debt Year Principal Interest Principal Interest Principal Interest* Principal Interest** Service 1983 $35,000 $42,236 $150,000 $476;165 - - - -$361,350 - - - $465,750_ -$1,530,501 1984 35,000 40,027 160,000 461,053 $ 25,000 239,250 $ 30,000 308,475 1,298,805 1985 35,000 ` 37,971 175,000 444,721 30,000 235,620 35,000 304,088 1,297,400 1986 40,000 35,982 190,000 426,927 35,000 231,330 40,000 299,025 1,298,264 1987 40,000 34,043 205,000 407,671 35,000 226,710 45,000 293,287 1,286,711 1988 45,000 31,938 225,000 386,709 40,000 221,760 50,000 286,875 1,287,282 ►-. 1989 45,000 29,687 245,000 364,837 45,000 216,150 60,000 279,450 1,285,124 1990 45,000 27,415 265,000 343,666 55,000 209,550 65,000 271,013 1,281,644 -- 1991 50,000 24,992 285,000 322,354 60,000 201,960 75,000 261,562 1,280,868 1992 55,000 22,288 310,000 299,297 - 70,000 - 193,380 85,000 250,763 - 1,285,728 1993 55,000 19,414 335,000 274,304 75,000 183,810 95,000 238,612 1,276,140 1994 60,000 16,380 365,000 247,087 85,000 173,250 110,000 224,775 1,281,492 1995 60,000 13,170 395,000 217,250 100,000 161,040 125,000 208,913 1,280,373 1996 65,000 9,762 430,000 184,448 110,000 147,180 140,000 191,025 1,277,415 1997 70,000 6,050 465,000 148,647 125,000 131,670 160,000 170,775 1,277,142 1998 75,000 2,062 510,000 109,393 145,000 113,850 180,000 147,825 1,283,130 1999 - - 550,000 67,425 160,000 93,720 205,000 121,838 1,197,983 2000 - - 595,000 23,056 185,000 70,950 235,000 92,137 1,201,143 2001 - - - - 210,000 44,880 265,000 58,388 578,268 2002 - - - - 235,000 15,510 300,000 20,250 570,760 *Interest assumed at 13.20 o. **Interest assumed at 13.50%. C CITY OF RENTON, WASHINGTON STATEMENT OF REVENUES & EXPENDITURES Fiscal Years Ending December 31 Preliminary Budget Actual Actual Actual Actual Actual 1982* 1980 1979 1978 1977 1976 Beginning Cash &Investments Balance $ 494,000 $ 1,708,702 $ 719,804 $ 44,743 $ (26,880) $ 427,288 Revenues Taxes $ 5,132,848 $ 4,840,912 $ 4,462,835 $3,745,660 $3,035,282 $2,492,595 Licenses &Permits 468,900 519,262 546,441 298,795 244,781 230,346 Intergovernmental Revenue 1,409,947 1,653,702 1,532,087 1,135,056 926,495 559,372 Charges for Services 2,399,396 1,886,996 1,620,742 1,245,787 887,511 669,838 Fines &Forfeitures 473,000 398,099 322,984 246,998 261,726 287,932 Miscellaneous Revenue 607,370 619,015 1,021,224 605,999 333,119 631,575 TOTAL CURRENT REVENUES $10,491,461 $ 9,917,986 $ 9,506,313 $7,278,295 $5,688,914 $4,871,658 �, Non-Revenue Receipts -0- 165,090 35,007 281,457 177,221 165,559 tN TOTAL FUNDS AVAILABLE $10,985,461 $11,791,778 $10,261,124 $7,604,495 $5,839,255 $5,464,505 Expenditures General Government Services $ 1,877,521 $ 2,796,555 $ 1,716,962 $1,517,712 $1,339,666 $1,425,498 Security of Persons&Property 6,162,902 4,773,574 4,335,309 3,525,819 3,150,617 3,012,939 Physical Environment 2,894,739 2,864,712 2,387,036 1,794,917 1,243,128 978,893 Transportation -0- 5,170 -0- -0- -0- -0- Economic Enviroment 7,000 3,008 • 4,075 3,548 3,605 3,154 Mental &Physical Environment 43,299 34,327 25,161 35,399 41,081 42,734 Intellectual Environment -0- 3,042 1,676 838 175 248 Intragovernmental Services -0- -0- -0- 1,620 3,460 4,080 TOTAL EXPENDITURES $10,985,461 $10,480,388 $ 8,470,219 $6,879,853 $5,781,732 $5,467,546 Other Disbursements -0- 162,395 82,203 4,838 12,780 23,839 - -TOTAL DISBURSEMENTS - - $10,985,461 $10,642,783 $ 8,552,422 $6,884,691 $5,794,512 $5,491,385 Ending Cash &Investment Balance -0- $ 1,148,995 $ 1,708,702 $ 719,804 $ 44,743 (26,880) *Actual 1981 General Fund Statement not yet available. GENERAL INFORMATION The City of Renton is located eleven miles south of Seattle at the southern end of Lake Washington. The third largest city in King County and the twelfth largest city in the State, Renton has an estimated population of 32,200. Over the years Renton has experienced steady growth as shown in the following table: Building Bank Assessed Year Population Permits Deposits Valuation** 1981 32,200 $60,367,777 $316,481,438* $1,710,240,038 1980 30,612 95,626,243 341,561,000 1,079,489,821 1979 30,700 96,493,187 298,740,739 903,704,278 1978 29,359 56,007,092 277,963,529 800,098,028 1977 27,150 25,875,495 248,560,364 756,393,982 1976 26,558 22,246,943 219,599,688 716,778,058 1975 27,338 14,386,850 191,797,112 649,812,006 1974 27,300 12,185,735 173,174,000 330,941,688 1973 26,250 8,719,121 151,573,000 294,868,485 1972 25,200 7,069,245 132,880,000 272,691,127 1971 26,386 12,573,511 121,109,000 321,737,704 *Primary reason for the reduction in 1981 was an accounting change by a major local bank which is esti- mated to have had a$20,000,000 effect. **Assessed valuation prior to 1975 is based upon 50% of the estimated actual value. 1975 and later year's assessed valuation is based upon 100% of estimated actual valuation. Residential growth in the City has primarily been through single family residence construction primarily in the middle and upper middle class range. However, in recent years several multi-unit apartment complexes have been constructed. Commercial/industrial new development has been primarily centered in industrial park areas or on an individual basis with care going into the environmental aspects. ECONOMIC INFORMATION Renton's economy is based on a strong manufacturing complex coupled with a diversified industrial/service complex. The largest employer and taxpayer within the City of Renton is the Boeing Commercial Airplane Company with over 15,600 employees and an estimated annual payroll in excess of$215 million. Boeing has two manu- facturing facilities in Renton next to the Renton Airport on the shores of Lake Washington. The larger facility manufactures commercial jet aircraft (707 -727 -737 and the new 757) and the other facility produces hydro- foil boats of which four were produced in 1981. The Renton aircraft facility delivered over 204 aircraft in 1981. As of January 31, 1982, 3,569 commercial jet aircraft have been built and delivered as follows: 707/720 - (942); 727 - (1,788); and 737 - (839). The Boeing Company has 123 firm orders for the new 175 passenger 757 (appropriately reflecting canceled orders). The Boeing Company's hydrofoil boat facility produces hydrofoil boats for both the private and government market. Boeing has produced 21 boats which are in use in Japan, Venezuela, Hong Kong, the United Kingdom and the Canary Islands. The production of hydrofoil boats in- volves many techniques presently employed in aircraft production and thus, Boeing's vast technical and prac- tical experience is of use in the hydrofoil area. The second largest factor in the City's manufacturing complex is Pacific Car and Foundry Company (PACCAR Incorporated). PACCAR has two manufacturing facilities, a truck parts warehouse, and computer center within the City employing some 1,900 people. The manufacturing facilities produce railroad cars and carco winches. Renton's industrial base is more diversified now than it has ever been. This is true of the entire Green River Valley where several large industrial centers and shopping centers have been constructed or expanded. There are 200 manufacturing firms in the Renton service area and a total of 290 distributor type firms. Some of the manufacturing firms are distribution outlets as well. Principal products are aircraft, hydrofoils, railroad cars, machine construction and maintenance, telephone poles, corrugated cardboard containers, pipe and ceramics, meat packing, poultry equipment, coil springs, engineering, rendering scaffolding, stagings, cement castings, sealing compounds, plastics, lumber, and light metal products. A number of national firms have distribution centers in the area. 13 The largest manufacturing firms are:* Name of Company Products Employment The Boeing Commercial Airplane Company Airplanes, hydrofoils 15,646 Pacific Car &Foundry (division of PACCAR) Railroad cars, carco winches, foundry machine shop 1,611 Tally Corporation Electronic hardware I 550 Heath Tecna Plastic products, machine parts plating I 608 The Austin Company Design and construction of commercial buildings 1 and air conditioning systems 212 Container Corporation Folding carton division 150 Stoneway Concrete Sand, gravel and concrete 120 George A. Hormel Co. Meat processing 109 M. Segale Asphalt and concrete 150 Continental Arctic Food processing 120 Mutual Material Brick and drain tile 100 'acific Propellers Propellers 89 I'acific Technology Integrated circuits 70 he largest non-manufacturing firms are:* ame of Company Service Employment ,enton School District Education 1,718 alley General Hospital Hospital 1, 1,121 ity of Renton City services 400 1. '',acific Northwest Bell Telephone services 585 ` ars, Roebuck&Co. Retail trade 320 • CCAR Computer facilities, parts 300 'uget Sound Power and Light Electric power 360 *i ource: Greater Renton Chamber of Commerce Business Research Department. any fine residential areas, parks and modern shopping centers are located within the City. In recent years a 0 artment house construction and large tract single residence development has been underway providing a m•dern planned urban and suburban living environment.I R.'nton is served utilities by Washington Natural Gas Company, Puget Sound Power and Light Company, a I• Pacific Northwest Bell Telephone Company. The City is immediately accessible to the Seattle-Tacoma International Airport and the Boeing Airport, as well as having its own municipal airport. T e proximity of Renton to Seattle is another reason for Renton's continued growth. Many of the residents of Re ton are employed in various Seattle businesses. A freeway system provides safe, convenient transportation be I een the two cities which encourages economic growth in Renton. Conversely, the same freeway system all u'ws people to commute to the industrial and business complex in Renton. Thus, the existence,of a modern tra,sportation network is doubly beneficial to Renton. 1 14 1 1 1 1 Renton City '' Council 4/12/82 Page 2 1 Consent Agenda - Continued, Fund Transfer Letter from Traffic Engineer Gary Norris requested a resolution Signalization for transfer of $16,500 from Sunset-Union Channelization Project to SW 7th and Hardie Signalization Project. Refer to Ways and • Means Committee. Acquisition of Parks and Recreation Director Webley requested resolution in ' Thomas Property support of useof King County Forward Thrust Funds for acquisition Forward Thrust of Thomas property for Cedar River Trail , authorizing Mayor and Funds City Clerk to sign contract. Refer to Ways and Means Committee. Forward Thrust Parks Director Webley requested a resolution to use remaining Funds for Forward Thrust Funds ($46,790) to complete the Earlington Park i Earlington Park and that the 'Mayor and City Clerk be authorized to sign the contract. Refer to Ways and Means Committee. Fund Transfer , Letter from Finance Department requested resolution be drafted for transfer of funds in amount of $10,123.45 for (1) Election costs in excess of 1982 Budget appropriation; (2) Fire Fighter medical costs in excess of policy coverage (per Firemen's Pension Board. ) Refer to Ways and Means Committee. 1 Bond Ordinances Letter from the Finance Department requested adoption of two ordinances for the sale of bonds: (1 ) $1 ,825,000 Unlimited General Obligation. (Coulon Beach) ; (2) $2,300,000 Limited General Oblige-; tion Bonds (City Shop) .- Refer to Ways and Means Committee. j' (See Ordinances. ) . 1982 Community Letter from Administrative Assistant Parness reuqested re- Facility Fund prioritization of 1982 Community Facility Fund projects, and Projects explained that during budget deliberations the Council approved' Re-prioritized Community Facility projects in prioritized order: (1) Construction of Well #9, $135,000; (2) Renton High Ballfields, $100,000; (3), I Storm sewer construction, $43,000; (4) Heather- Downs park acquisi' tion, $75,000; (5) Library construction, $100,000. The letter requested first two projects be priori.tized in reverse order, funds will be required soon for the ballfield project because the School District is ready to proceed and Public Works Dept. noted delayed, funding of Well #9 will not present problems; also Referendum #381 funds may be ,available for Well construction. Refer to Communityl, Services Committee. Vacation of Petition forvacation of short plat and release of letter of credit Mary Ryan ; bond was filed by Mary Pat Ryan and Glen Ahrens re Short Plat No., Short Plat 159-78 and Exception 160-78. The letter requested vacation of .; Pub.lic Heading, plat to return Woody Glen Addn Lot 1 , Block 2, to original conf,igu- 5/17/82 ration prior 'to the recording of the Mary P. Ryan short plat due to economic effects of appreciation of development costs; slow market and necessity to underground utilities not included in original estimate make project unprofitable. Set Public Hearing May 17, 1982. 1 • Garbage I Letter from Public Works and Finance Departments recommended Collection ' " acceptance of the proposal of Rainier Disposal Co. , Inc. , City's refuse collection contractor, . to add a 3 and 8 cubic yard container to their list of available receptacles. The letter noted customer who generates 3 cu. yd.of garbage per wk. could receive a lower b;itl by using one 3 yd. container picked up once-a-week compares to 1' 1/2 yd container ;picked up twice-a-week. Council concur. Consent Agenda MOVED BY CLYMER, SECOND MATHEWS, ADOPT THE CONSENT AGENDA AS Approved PRESENTED. CARRIED. CORRESPONDENCE.' ' Secretaries , Proclamation of Mayor Shinpoch declared the week of April 18-24, Week 1982 as Secretaries Week and Wednesday, 4/21/82 as Secretaries Day.' asking all business and industry to join in giving due recognition also asking rightful acknowledgement of these professionals inl commerce, industry and government. • 1 RENTON CITY COUNCIL Regular Meeting April 12 , 1982 Municipal Building Monday 8 : 00 P .M . Council Chambers MINUTES CALL TO ORDER Mayor Barbara Y. Shinpoch led the Pledge of Allegiance to the flag and called the meeting of the Renton City Council to order. ROLL CALL OF EARL CLYMER, Council President; ROBERT J . HUGHES, RANDALL ROCKHILL, COUNCIL MEMBERS RICHARD M. STREDICKE, JOHN W. REED, NANCY L. MATHEWS AND THOMAS W. TRIMM. CITY OFFICIALS BARBARA Y. SHINPOCH, Mayor; LAWRENCE WARREN, City Attorney; DEL IN ATTENDANCE MEAD, City Clerk; MICHAEL PARNESS, Administrative Assistant; DAVID CLEMENS, Policy Development Director; RICHARD HOUGHTON, Public Works Director; LT. DONALD PERSSON, Police Department; BATLN CHIEF JAMES MATTHEW, Fire Department; JOHN WEBLEY, Parks and Recreation Director; W. E. BENNETT, Acting Finance Director. PRESS GREG ANDERSON, Renton Record Chronicle MINUTE APPROVAL MOVED BY CLYMER, SECOND ROCKHILL, COUNCIL ADOPT MINUTES OF APRIL 5, 1982 AS PRESENTED. CARRIED. PUBLIC HEARING This being the date set and proper notices having been posted, Street Vacation published and mailed, Mayor Shinpoch opened the public hearing Portion NW 4th St.to consider the proposed vacation of a portion of NW 4th Street Between Lind NW located between Lind Ave. NW and Stevens Ave. NW, petitioned and Stevens NW by H. C. Grohs. Letter from Board of Public Works Chairman VAC 04-82 J Houghton noted findings that the street right-of-way was deeded , in the platting process at no cost to the City; that the right-of- way has never been opened to travel ; however, utilities are placed in the right-of-way and an easement will be required over the entire. parcel . The letter stated the Board felt the entire right- of-way should be vacated and not just a portion thereof; property valued at $4.24 per sq. ft. Mayor Shinpoch questioned disqualify- , ing herself due to living in area; City Attorney advised she was Continued privileged to remain. Letter from Helen and Edward Donohue, 371 Lind NW, property owners on southea'st. portion of NW 4th t. , requested 1 vacation of that portion of NW 4th adjoining their property. 1 The letter protested vacation of the northeast portion only claim- ing the vacation would cause all future use of the street very 1 close of their house and diminish the value of their property. Public Works Director Houghton used wall map and pointed out the proposed vacation and explained that due to steep terrain, not feasible to construct roadway in that area. Person present ,- expressing objection: Ted Donohue (letter writter) asked that the vacation of the entire street be 'considered at one time. Upon inquiry, City Attorney Warren advised that Council could not in- crease the portion of vacation over that published and posted. Upon further inquiry, Policy Development Director Clemens advised zoning of property of, entire area is single family residential . 1 Councilman Stredicke questioned property valuatiion by comparison to vacation of commercial property in Highlands area. Following discussion, it was MOVED BY STREDICKE, SECOND TRIMM, CLOSE THE PUBLIC HEARING. CARRIED. MOVED BY STREDICKE, SECOND HUGHES, VACATION AS PRESENTED BE REJECTED. ROLL CALL: 4-AYE: HUGHES, 1 Vacation Denied STREDICKE, MATHEWS, TRIMM; .3-NO: CLYMER, 'ROCKHILL. AND REED. THE MOTION CARRIED and vacation denied. Time: 8:30 p.m. CONSENT AGENDA The following items are adopted by one motion which follows the business matters included: Reyision of Letter from Roger Blaylock presented Planning Commission recom- Residential mendation for revision of requirements, within the R-3 and R-4 Zones R-3 & R-4 medium and high density multiple family residential zones of the Zoning Ordinance concerning change of format, setbacks and of density requirements within the R-3 and R-4 zones along with 28 definitions to address all of the residential zones. Refer to the Planning and Development Committee for recommendation.