HomeMy WebLinkAboutLimited Tax General Obligation Bonds - 2019 ORDINANCE NO. 5921
CITY OF RENTON, WASHINGTON
LIMITED TAX GENERAL OBLIGATION BONDS
ORDINANCE NO. 5921
AN ORDINANCE OF THE CITY OF RENTON, WASHINGTON,
AUTHORIZING THE ISSUANCE OF ONE OR MORE SERIES OF
LIMITED TAX GENERAL OBLIGATION BONDS IN THE AGGREGATE
PRINCIPAL AMOUNT OF NOT TO EXCEED $8,500,000 TO
FINANCE COSTS RELATED TO PUBLIC IMPROVEMENTS WITHIN
THE CITY'S DESIGNATED LOCAL REVITALIZATION AREA AND TO
PAY COSTS OF ISSUING THE BONDS; PROVIDING THE FORM,
TERMS AND COVENANTS OF THE BONDS; DELEGATING
AUTHORITY TO APPROVE THE FINAL TERMS OF THE BONDS;
AND PROVIDING FOR OTHER MATTERS RELATING THERETO.
PASSED FEBRUARY 11, 2019
PREPARED BY:
PACIFICA LAW GROUP LLP
Seattle, Washington
10018 00013 ia08ep42ck
ORDINANCE NO. 5921
CITY OF RENTON, WASHINGTON
ORDINANCE NO. 5921
TABLE OF CONTENTS*
Page
Section 1. Definitions 2
Section 2. Authorization of the Improvements 7
Section 3. Authorization and Description of Bonds 7
Section 4. Registration, Exchange and Payments 8
Section 5. Redemption Prior to Maturity and Purchase of Bonds 13
Section 6. Form of Bonds 18
Section 7. Execution of Bonds 18
Section 8. Application of Bond Proceeds; Project Fund 19
Section 9. Tax Covenants 19
Section 10. Debt Service Fund and Provision for Tax Levy Payments 21
Section 11. Defeasance 23
Section 12. Sale of Bonds 24
Section 13. Preliminary and Final Official Statements 26
Section 14. Undertaking to Provide Ongoing Disclosure 27
Section 15. Lost, Stolen or Destroyed Bonds 27
Section 16. Severability; Ratification 27
Section 17. Payments Due on Business Days 28
Section 18. Corrections by City Clerk 28
Section 19. Effective Date 28
Exhibit A: Form of Bond
* This Table of Contents is provided for convenience only and is not a part of this ordinance.
-1- 02/11/19
10018 000131a08ep42ck
CITY OF RENTON, WASHINGTON
ORDINANCE NO. 5921
AN ORDINANCE OF THE CITY OF RENTON, WASHINGTON,
AUTHORIZING THE ISSUANCE OF ONE OR MORE SERIES OF
LIMITED TAX GENERAL OBLIGATION BONDS IN THE AGGREGATE
PRINCIPAL AMOUNT OF NOT TO EXCEED $8,500,000 TO
FINANCE COSTS RELATED TO PUBLIC IMPROVEMENTS WITHIN
THE CITY'S DESIGNATED LOCAL REVITALIZATION AREA AND TO
PAY COSTS OF ISSUING THE BONDS; PROVIDING THE FORM,
TERMS AND COVENANTS OF THE BONDS; DELEGATING
AUTHORITY TO APPROVE THE FINAL TERMS OF THE BONDS;
AND PROVIDING FOR OTHER MATTERS RELATING THERETO.
WHEREAS, pursuant to Ordinance No. 5481, passed by the City Council (the "Council")
of the City of Renton, Washington (the "City"), on August 17, 2009, the City designated certain
property, located within the City and identified as a "local revitalization area" within the
meaning of chapter 39.104 RCW, as the South Lake Washington Revitalization Area (the
"Revitalization Area") and specified certain proposed public improvements meeting the
requirements of RCW 39.104.020 to be made therein (the "Improvements"); and
WHEREAS, pursuant to chapter 39.104 RCW, the City is authorized to undertake a "local
revitalization financing" within the meaning of chapter 39.104 RCW by using revenues received
from a local option sales and use tax imposed pursuant to RCW 82.14.510 to pay the principal
of and interest on bonds issued to finance such Improvements; and
WHEREAS, pursuant to RCW 82.14.505 and RCW 82.14.510, the City has or will levy and
imposed a local option sales and use tax (the "Local Option Sales and Use Tax") to generate
revenues for such purposes in an aggregate annual amount of approximately $500,000 (the
"Local Option Sales and Use Tax Revenue"); and
ORDINANCE NO. 5921
WHEREAS, after due consideration the Council has determined that it is in the best
interest of the City to authorize the issuance and sale of limited tax general obligation bonds to
pay a portion of the costs of the Improvements; and
WHEREAS, this Council wishes to delegate authority to the Mayor, the Chief
Administrative Officer and the Administrative Services Administrator of the City (as further
described herein, each a "Designated Representative"), for a limited time, to approve the
interest rates, maturity dates, redemption terms and other terms of the Bonds within the
parameters set by this ordinance;
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF RENTON, WASHINGTON DO
ORDAIN AS FOLLOWS:
Section 1. Definitions. As used in this ordinance, the following words and terms
shall have the following meanings, unless the context or use indicates another or different
meaning or intent. Unless the context indicates otherwise, words importing the singular
number shall include the plural number and vice versa.
Administrative Services Administrator means the City's Administrative Services
Administrator or the successor to such officer.
Beneficial Owner means any person that has or shares the power, directly or indirectly,
to make investment decisions concerning ownership of any Bonds (including persons holding
Bonds through nominees, depositories or other intermediaries).
Bond Counsel means Pacifica Law Group LLP or an attorney at law or a firm of
attorneys, selected by the City, of nationally recognized standing in matters pertaining to the
tax-exempt nature of interest on bonds issued by states and their political subdivisions.
-2-
10018 00013 ia08ep42ck
ORDINANCE NO. 5921
Bond Register means the registration books maintained by the Bond Registrar for
purposes of identifying ownership of the Bonds or the nominee of each owner, and such other
information as the Bond Registrar shall determine.
Bond Registrar means, initially, the fiscal agent of the State, for the purposes of
registering and authenticating the Bonds, maintaining the Bond Register, effecting transfer of
ownership of the Bonds and paying interest on and principal of the Bonds.
Bonds mean the limited tax general obligation bonds authorized to be issued in one or
more series pursuant to this ordinance in the aggregate principal amount of not to exceed
$8,500,000.
Certificate of Authentication means the form of certificate of authentication included
in the form of Bond attached hereto as Exhibit A.
Certificate of Award means the certificate, if any, for the purchase of a series of Bonds
awarding the Bonds to the initial purchaser for such Bonds as set forth in Section 12 of this
ordinance.
Chief Administrative Officer means the Chief Administrative Officer of the City or the
successor to such officer.
City means the City of Renton, Washington, a municipal corporation duly organized and
existing under the laws of the State.
City Clerk means the duly appointed and acting City Clerk of the City or the successor to
the person fulfilling the duties of that office.
Closing means the date of issuance and delivery of a series of Bonds to the applicable
Underwriter.
-3-
10018 000131a08ep42ck
ORDINANCE NO. 5921
Code means the Internal Revenue Code of 1986 as in effect on the date of issuance of
the Tax-Exempt Bonds or (except as otherwise referenced herein) as it may be amended to
apply to obligations issued on the date of issuance of the Tax-Exempt Bonds, together with
applicable proposed, temporary and final regulations promulgated, and applicable official
public guidance published, under the Code.
Commission means the United States Securities and Exchange Commission.
Continuing Disclosure Certificate means the written undertaking for the benefit of the
owners and Beneficial Owners of the Bonds as required by Section (b)(5) of the Rule.
Council or City Council means the Renton City Council, as the general legislative body of
the City, as the same is duly and regularly constituted from time to time.
Debt Service Fund means one or more funds, and accounts held therein, created
pursuant to this ordinance for the purpose of paying debt service on a series of Bonds.
Designated Representative means each of the Mayor, the Chief Administrative Officer
and the Administrative Services Administrator of the City, any successors to the functions of
such officers, and their designees. The signature of one Designated Representative shall be
sufficient to bind the City.
DTC means The Depository Trust Company, New York, New York, a limited purpose
trust company organized under the laws of the State of New York, as depository for the Bonds
pursuant to this ordinance.
Fair Market Value means the price at which a willing buyer would purchase an
investment from a willing seller in a bona fide, arm's-length transaction, except for specified
investments as described in Treasury Regulation §1.148-5(d)(6), including United States
-4-
10018 000131a08ep42ck
ORDINANCE NO. 5921
Treasury obligations, certificates of deposit, guaranteed investment contracts, and investments
for yield-restricted defeasance escrows. Fair Market Value is generally determined on the date
on which a contract to purchase or sell an investment becomes binding, and, to the extent
required by the applicable regulations under the Code, the term "investment" will include a
hedge.
Federal Tax Certificate means the certificate executed by a Designated Representative
setting forth the requirements of the Code for maintaining the tax exemption of interest on
any Tax-Exempt Bonds, and any attachments thereto.
Government Obligations means those obligations now or hereafter defined as such in
chapter 39.53 RCW constituting direct obligations of, or obligations the principal of and
interest on which are unconditionally guaranteed by, the United States of America, as such
chapter may be hereafter amended or restated.
Improvements mean the public improvements within the Revitalization Area that are
eligible for financing under chapter 39.104 RCW.
Letter of Representations means the Blanket Issuer Letter of Representations given by
the City to DTC, as amended from time to time.
Local Option Sales and Use Tax means the local option sales and use tax levied and
imposed by the City as authorized by RCW 82.14.505 and RCW 82.14.510.
Local Option Sales and Use Tax Revenue means the Local Option Sales and Use Tax
credit revenues received by the City in an aggregate annual amount of approximately
$500,000.
-5-
10018 00013208ep42ck
ORDINANCE NO. 5921
Mayor or City Mayor means the elected Mayor of the City or the successor to the
duties of that office.
MSRB means the Municipal Securities Rulemaking Board or any successors to its
functions.
Official Statement means the disclosure documents prepared and delivered in
connection with the issuance of a series of Bonds.
Project Fund means the fund or account created pursuant to Section 8 of this
ordinance.
Record Date means the close of business for the Bond Registrar on the day that is 15
days preceding any interest and/or principal payment or redemption date.
Registered Owner means the person named as the registered owner of a Bond in the
Bond Register. For so long as the Bonds are held in book-entry only form, DTC or its nominee
shall be deemed to be the sole Registered Owner.
Revitalization Area means the South Lake Washington Revitalization Area designated
by the City as a "local revitalization area" within the meaning of chapter 39.104 RCW as
provided for in City Ordinance No. 5481.
Rule means the Commission's Rule 15c2-12 under the Securities Exchange Act of 1934,
as the same may be amended from time to time.
State means the State of Washington.
Taxable Bonds means any Bonds determined to be issued on a taxable basis pursuant
to Section 12.
-6-
10018 00013 ia08ep42ck
ORDINANCE NO. 5921
Tax-Exempt Bonds mean any Bonds determined to be issued on a tax-exempt basis
under the Code pursuant to Section 12.
Underwriter means any initial purchaser for a series of Bonds selected pursuant to
Section 12.
Section 2. Authorization of the Improvements. The Improvements, as they are to
be more fully described in the plans and specifications prepared by and filed with the City, are
hereby approved. The cost of all necessary appraisals, negotiation, closing, architectural,
engineering, financial, legal and other consulting services, inspection and testing, demolition,
administrative and relocation expenses and other costs incurred in connection with the
foregoing capital improvements shall be deemed a part of the capital costs of such
Improvements. Such Improvements shall be complete with all necessary equipment and
appurtenances.
The City will determine the exact specifications for the Improvements, and the
components thereof, as well as the timing, order and manner of completing the components
of the Improvements. The City may alter, make substitutions to, and amend the
Improvements as it determines are in the best interests of the City and consistent with chapter
39.104 RCW.
Section 3. Authorization and Description of Bonds. For the purpose of paying
and/or reimbursing the City for costs of the Improvements and paying costs of issuance, the
City is hereby authorized to issue and sell from time to time one or more series of limited tax
general obligation bonds in an aggregate principal amount not to exceed $8,500,000
(the "Bonds").
-7-
10018 00013208ep42ck
ORDINANCE NO. 5921
The Bonds of each series shall be general obligations of the City and shall be designated
"City of Renton, Washington, Limited Tax General Obligation Bonds, 2019" with additional
series designation or other such designation as determined to be necessary by a Designated
Representative. The Bonds of each series shall be dated as of the date of Closing for such
series of Bonds; shall be fully registered as to both principal and interest; shall be in the
denomination of $5,000 each, or any integral multiple thereof, within a maturity; shall be
numbered separately in such manner and with any additional designation as the Bond
Registrar deems necessary for purposes of identification; shall bear interest from their date
payable on the dates and at the rates and commencing as provided in the applicable Certificate
of Award; and shall mature on the dates and in the principal amounts set forth in the
applicable Certificate of Award, as approved and executed by a Designated Representative
pursuant to Section 12 of this ordinance. The Bonds authorized herein may be combined with
other limited tax general obligation bonds of the City and sold as a single series and issue if
determined to be in the best interest of the City.
Section 4. Registration, Exchange and Payments.
(a) Bond Registrar/Bond Register. The City hereby specifies and adopts the
system of registration approved by the Washington State Finance Committee from time to
time through the appointment of State fiscal agencies. The City shall cause the Bond Register
to be maintained by the Bond Registrar. So long as any Bonds remain outstanding, the Bond
Registrar shall make all necessary provisions to permit the exchange, registration or transfer of
Bonds at its designated office. The Bond Registrar may be removed at any time at the option
of the Administrative Services Administrator upon prior notice to the Bond Registrar and a
-8-
10018 00013 ia08ep42ck
ORDINANCE NO. 5921
successor Bond Registrar appointed by the Administrative Services Administrator. No
resignation or removal of the Bond Registrar shall be effective until a successor shall have been
appointed and until the successor Bond Registrar shall have accepted the duties of the Bond
Registrar hereunder. The Bond Registrar is authorized, on behalf of the City, to authenticate
and deliver Bonds transferred or exchanged in accordance with the provisions of such Bonds
and this ordinance and to carry out all of the Bond Registrar's powers and duties under this
ordinance. The Bond Registrar shall be responsible for its representations contained in the
Certificate of Authentication of the Bonds.
(b) Registered Ownership. The City and the Bond Registrar, each in its
discretion, may deem and treat the Registered Owner of each Bond of a series as the absolute
owner thereof for all purposes (except as provided in a Continuing Disclosure Certificate), and
neither the City nor the Bond Registrar shall be affected by any notice to the contrary.
Payment of any such Bond shall be made only as described in Section 4(g), but such Bond may
be transferred as herein provided. All such payments made as described in Section 4(g) shall
be valid and shall satisfy and discharge the liability of the City upon such Bond to the extent of
the amount or amounts so paid.
(c) DTC Acceptance/Letters of Representations. The Bonds of a series
initially shall be held in fully immobilized form by DTC acting as depository. The City has
executed and delivered to DTC the Letter of Representations. Neither the City nor the Bond
Registrar shall have any responsibility or obligation to DTC participants or the persons for
whom they act as nominees (or any successor depository) with respect to the Bonds in respect
of the accuracy of any records maintained by DTC (or any successor depository) or any DTC
-9-
10018 00013ia08ep42ck
ORDINANCE NO. 5921
participant, the payment by DTC (or any successor depository) or any DTC participant of any
amount in respect of the principal of or interest on Bonds, any notice which is permitted or
required to be given to Registered Owners under this ordinance (except such notices as shall
be required to be given by the City to the Bond Registrar or to DTC (or any successor
depository)), or any consent given or other action taken by DTC (or any successor depository)
as the Registered Owner. For so long as any Bonds are held by a depository, DTC or its
successor depository or its nominee shall be deemed to be the Registered Owner for all
purposes hereunder, and all references herein to the Registered Owners shall mean DTC (or
any successor depository) or its nominee and shall not mean the owners of any beneficial
interest in such Bonds.
(d) Use of Depository.
(1) The Bonds shall be registered initially in the name of "Cede &
Co.," as nominee of DTC, with one Bond of each series maturing on each of the maturity dates
for the Bonds in a denomination corresponding to the total principal therein designated to
mature on such date. Registered ownership of such Bonds, or any portions thereof, may not
thereafter be transferred except (A) to any successor of DTC or its nominee, provided that any
such successor shall be qualified under any applicable laws to provide the service proposed to
be provided by it; (B) to any substitute depository appointed by the Administrative Services
Administrator pursuant to subsection (2) below or such substitute depository's successor; or
(C) to any person as provided in subsection (4) below.
(2) Upon the resignation of DTC or its successor (or any substitute
depository or its successor) from its functions as depository or a determination by the
-10-
10018 00013 ia08ep42ck
ORDINANCE NO. 5921
Administrative Services Administrator to discontinue the system of book-entry transfers
through DTC or its successor (or any substitute depository or its successor), the Administrative
Services Administrator may hereafter appoint a substitute depository. Any such substitute
depository shall be qualified under any applicable laws to provide the services proposed to be
provided by it.
(3) In the case of any transfer pursuant to clause (A) or (B) of
subsection (1) above, the Bond Registrar shall, upon receipt of all outstanding Bonds together
with a written request on behalf of the Administrative Services Administrator, issue a single
new Bond for each maturity of that series then outstanding, registered in the name of such
successor depository or such substitute depository, or their nominees, as the case may be, all
as specified in such written request of the Administrative Services Administrator.
(4) In the event that (A) DTC or its successor (or substitute depository
or its successor) resigns from its functions as depository, and no substitute depository can be
obtained, or (B) the Administrative Services Administrator determines that it is in the best
interest of the Beneficial Owners of the Bonds that such owners be able to obtain physical
bond certificates, the ownership of such Bonds may then be transferred to any person or entity
as herein provided, and shall no longer be held by a depository. The Administrative Services
Administrator shall deliver a written request to the Bond Registrar, together with a supply of
physical bonds, to issue Bonds as herein provided in any authorized denomination. Upon
receipt by the Bond Registrar of all then outstanding Bonds of a series together with a written
request on behalf of the Administrative Services Administrator to the Bond Registrar, new
-11-
10018 00013208ep42ck
ORDINANCE NO. 5921
Bonds of such series shall be issued in the appropriate denominations and registered in the
names of such persons as are requested in such written request.
(e) Registration of Transfer of Ownership or Exchange; Change in
Denominations. The transfer of any Bond may be registered and Bonds may be exchanged, but
no transfer of any such Bond shall be valid unless it is surrendered to the Bond Registrar with
the assignment form appearing on such Bond duly executed by the Registered Owner or such
Registered Owner's duly authorized agent in a manner satisfactory to the Bond Registrar.
Upon such surrender, the Bond Registrar shall cancel the surrendered Bond and shall
authenticate and deliver, without charge to the Registered Owner or transferee therefor, a
new Bond (or Bonds at the option of the new Registered Owner) of the same date, series,
maturity, and interest rate and for the same aggregate principal amount in any authorized
denomination, naming as Registered Owner the person or persons listed as the assignee on the
assignment form appearing on the surrendered Bond, in exchange for such surrendered and
cancelled Bond. Any Bond may be surrendered to the Bond Registrar and exchanged, without
charge, for an equal aggregate principal amount of Bonds of the same date, series, maturity,
and interest rate, in any authorized denomination. The Bond Registrar shall not be obligated
to register the transfer of or to exchange any Bond during the 15 days preceding any principal
payment or redemption date.
(f) Bond Registrar's Ownership of Bonds. The Bond Registrar may become
the Registered Owner of any Bond with the same rights it would have if it were not the Bond
Registrar, and to the extent permitted by law, may act as depository for and permit any of its
officers or directors to act as a member of, or in any other capacity with respect to, any
-12-
10018 000131a08ep42ck
ORDINANCE NO. 5921
committee formed to protect the right of the Registered Owners or Beneficial Owners of
Bonds.
(g) Place and Medium of Payment. Both principal of and interest on the
Bonds shall be payable in lawful money of the United States of America. Interest on the Bonds
shall be calculated on the basis of a year of 360 days and twelve 30-day months. For so long as
all Bonds are held by a depository, payments of principal thereof and interest thereon shall be
made as provided in accordance with the operational arrangements of DTC referred to in the
Letter of Representations. In the event that the Bonds are no longer held by a depository,
interest on the Bonds shall be paid by check or draft mailed to the Registered Owners at the
addresses for such Registered Owners appearing on the Bond Register on the Record Date, or
upon the written request of a Registered Owner of more than $1,000,000 of Bonds (received
by the Bond Registrar at least by the Record Date), such payment shall be made by the Bond
Registrar by wire transfer to the account within the United States designated by the Registered
Owner. Principal of the Bonds shall be payable upon presentation and surrender of such Bonds
by the Registered Owners at the designated office of the Bond Registrar.
If any Bond is duly presented for payment and funds have not been provided by
the City on the applicable payment date, then interest will continue to accrue thereafter on the
unpaid principal thereof at the rate stated on the Bond until the Bond is paid.
Section 5. Redemption Prior to Maturity and Purchase of Bonds.
(a) Mandatory Redemption of Term Bonds and Optional Redemption. The Bonds of
each series shall be subject to mandatory redemption of term bonds to the extent, if any, set
forth in the Certificate of Award and as approved by a Designated Representative pursuant to
-13-
10018 00013208ep42ck
ORDINANCE NO. 5921
Section 12. The Bonds of each series shall be subject to optional redemption on the dates, at
the prices and under the terms set forth in the Certificate of Award approved by a Designated
Representative pursuant to Section 12.
(b) Selection of Bonds for Redemption. For as long as the Bonds of a series are held
in book-entry only form, the selection of particular Bonds within a series and maturity to be
redeemed shall be made in accordance with the operational arrangements then in effect at
DTC. If the Bonds are no longer held by a depository, the selection of such Bonds to be
redeemed and the surrender and reissuance thereof, as applicable, shall be made as provided
in the following provisions of this subsection (b). If the City redeems at any one time fewer
than all of the Bonds of a series having the same maturity date, the particular Bonds or
portions of Bonds of such maturity to be redeemed shall be selected by lot (or in such manner
as determined by the Bond Registrar) in increments of $5,000. In the case of a Bond of a
denomination greater than $5,000, the City and the Bond Registrar shall treat each Bond as
representing such number of separate Bonds each of the denomination of $5,000 as is
obtained by dividing the actual principal amount of such Bond by $5,000. In the event that
only a portion of the principal sum of a Bond is redeemed, upon surrender of such Bond at the
designated office of the Bond Registrar there shall be issued to the Registered Owner, without
charge therefor, for the then unredeemed balance of the principal sum thereof, at the option
of the Registered Owner, a Bond or Bonds of like series, maturity and interest rate in any of the
denominations herein authorized.
-14-
10018 00013 ia08ep42ck
ORDINANCE NO. 5921
(c) Notice of Redemption.
(1) Official Notice. For so long as the Bonds of a series are held by a
depository, notice of redemption shall be given in accordance with the operational
arrangements of DTC as then in effect, and neither the City nor the Bond Registrar shall
provide any notice of redemption to any Beneficial Owners. The notice of redemption may be
conditional. Unless waived by any Registered Owner of Bonds to be redeemed, official notice
of any such redemption (which redemption may be conditioned by the Bond Registrar on the
receipt of sufficient funds for redemption or otherwise) shall be given by the Bond Registrar on
behalf of the City by mailing a copy of an official redemption notice by first class mail at least
20 days and not more than 60 days prior to the date fixed for redemption to the Registered
Owner of the Bond or Bonds to be redeemed at the address shown on the Bond Register or at
such other address as is furnished in writing by such Registered Owner to the Bond Registrar.
All official notices of redemption shall be dated and shall state:
(A) the redemption date,
(B) the redemption price,
(C) if fewer than all outstanding Bonds of such series are to be
redeemed, the identification by series and maturity (and, in the case of partial redemption, the
respective principal amounts) of the Bonds to be redeemed,
(D) any conditions to redemption,
(E) that unless conditional notice of redemption has been given and
such conditions have either been satisfied or waived, on the redemption date the redemption
-15-
10018 00013 ia08ep42ck
ORDINANCE NO. 5921
price shall become due and payable upon each such Bond or portion thereof called for
redemption, and that interest thereon shall cease to accrue from and after said date, and
(F) the place where such Bonds are to be surrendered for payment of
the redemption price, which place of payment shall be the designated office of the Bond
Registrar.
On or prior to any redemption date, unless any condition to such redemption has not
been satisfied or waived or notice of such redemption has been rescinded or revoked, the City
shall deposit with the Bond Registrar an amount of money sufficient to pay the redemption
price of all the Bonds or portions of Bonds which are to be redeemed on that date. The City
retains the right to rescind any redemption notice and the related optional redemption of
Bonds by giving notice of rescission to the affected Registered Owners at any time on or prior
to the scheduled redemption date. Any notice of optional redemption that is so rescinded
shall be of no effect, and the Bonds for which the notice of optional redemption has been
rescinded shall remain outstanding.
(2) Effect of Notice; Bonds Due. If notice of redemption has been given and
not rescinded or revoked, or if the conditions set forth in a conditional notice of redemption
have been satisfied or waived, the Bonds of such series or portions of Bonds to be redeemed
shall, on the redemption date, become due and payable at the redemption price therein
specified, and from and after such date such Bonds or portions of Bonds shall cease to bear
interest. Upon surrender of such Bonds for redemption in accordance with said notice, such
Bonds shall be paid by the Bond Registrar at the redemption price. Installments of interest due
on or prior to the redemption date shall be payable as herein provided for payment of interest.
-16-
10018 00013 ia08ep42ck
ORDINANCE NO. 5921
All Bonds which have been redeemed shall be canceled by the Bond Registrar and shall not be
reissued.
(3) Additional Notice. In addition to the foregoing notice, further notice
shall be given by the City as set out below, but no defect in said further notice nor any failure
to give all or any portion of such further notice shall in any manner defeat the effectiveness of
a call for redemption if notice thereof is given as above prescribed. Each further notice of
redemption given hereunder shall contain the information required above for an official notice
of redemption plus (A) the CUSIP numbers of all Bonds being redeemed; (B) the date of issue of
the Bonds as originally issued; (C) the rate of interest borne by each Bond being redeemed;
(D) the series and maturity date of each Bond being redeemed; and (E) any other descriptive
information needed to identify accurately the Bonds being redeemed. Each further notice of
redemption may be sent at least 20 days before the redemption date to each party entitled to
receive notice pursuant to the applicable Continuing Disclosure Certificate and with such
additional information as the City shall deem appropriate, but such mailings shall not be a
condition precedent to the redemption of such Bonds.
(4) Amendment of Notice Provisions. The foregoing notice provisions of this
Section 5, including but not limited to the information to be included in redemption notices
and the persons designated to receive notices, may be amended by additions, deletions and
changes in order to maintain compliance with duly promulgated regulations and
recommendations regarding notices of redemption of municipal securities.
(d) Purchase of Bonds. The City reserves the right to purchase any or all of the
Bonds offered to it at any time at a price deemed reasonable by the Administrative Services
-17-
10018 00013 ia08ep42ck
ORDINANCE NO. 5921
Administrator plus accrued interest to the date of purchase.
Section 6. Form of Bonds. The Bonds shall be in substantially the form set forth in
Exhibit A, which is incorporated herein by this reference, with such changes thereto as may be
approved by the Designated Representative, consistent with the provisions of Section 12
hereof.
Section 7. Execution of Bonds. The Bonds shall be executed on behalf of the City by
the facsimile or manual signature of the Mayor and shall be attested to by the facsimile or
manual signature of the City Clerk, and shall have the seal of the City impressed or a facsimile
thereof imprinted or otherwise reproduced thereon.
In the event any officer who shall have signed or whose facsimile signatures appear on
any of the Bonds shall cease to be such officer of the City before said Bonds shall have been
authenticated or delivered by the Bond Registrar or issued by the City, such Bonds may
nevertheless be authenticated, delivered and issued and, upon such authentication, delivery
and issuance, shall be as binding upon the City as though said person had not ceased to be
such officer. Any Bond may be signed and attested on behalf of the City by such persons who,
at the actual date of execution of such Bond shall be the proper officer of the City, although at
the original date of such Bond such persons were not such officers of the City.
Only such Bonds as shall bear thereon a Certificate of Authentication manually
executed by an authorized representative of the Bond Registrar shall be valid or obligatory for
any purpose or entitled to the benefits of this ordinance. Such Certificate of Authentication
shall be conclusive evidence that the Bonds so authenticated have been duly executed,
authenticated and delivered hereunder and are entitled to the benefits of this ordinance.
-18-
10018 000131a08ep42ck
ORDINANCE NO. 5921
Section 8. Application of Bond Proceeds; Project Fund. The Administrative Services
Administrator is hereby authorized to create a fund or account (the "Project Fund"), and
subaccounts therein as necessary, for the purposes set forth in this section. A portion of the
proceeds of each series of Bonds, net of any Underwriter's discount and fees, shall be
deposited in the Project Fund in the amounts specified in the closing memorandum prepared
in connection with the issuance of such Bonds. Such proceeds shall be used to pay and/or
reimburse the City for the costs of the Improvements and, unless otherwise provided by the
City, to pay costs of issuance of such Bonds.
The Administrative Services Administrator shall invest money in the Project Fund and
the subaccounts contained therein in such obligations as may now or hereafter be permitted
by law to cities of the State and which will mature prior to the date on which such money shall
be needed, but only to the extent that the same are acquired, valued and disposed of at Fair
Market Value. Any remaining Bond proceeds (including interest earnings thereon) may be
used for other capital projects of the City or shall be transferred to the Debt Service Fund for
the allocable series of Bonds.
Section 9. Tax Covenants. The City will take all actions necessary to assure the
exclusion of interest on any Tax-Exempt Bonds from the gross income of the owners of such
Tax-Exempt Bonds to the same extent as such interest is permitted to be excluded from gross
income under the Code as in effect on the date of issuance of such Tax-Exempt Bonds,
including but not limited to the following:
(a) Private Activity Bond Limitation. The City will assure that the proceeds of the
Tax-Exempt Bonds are not so used as to cause the Tax-Exempt Bonds to satisfy the private
-19-
10018 000131a08ep42ck
ORDINANCE NO. 5921
business tests of Section 141(b) of the Code or the private loan financing test of Section 141(c)
of the Code.
(b) Limitations on Disposition of Improvements. The City will not sell or otherwise
transfer or dispose of (i) any personal property components of the Improvements other than in
the ordinary course of an established government program under Treasury Regulation 1.141-
2(d)(4) or (ii) any real property components of the Improvements, unless it has received an
opinion of Bond Counsel to the effect that such disposition will not adversely affect the
treatment of interest on the Tax-Exempt Bonds as excludable from gross income for federal
income tax purposes.
(c) Federal Guarantee Prohibition. The City will not take any action or permit or
suffer any action to be taken if the result of such action would be to cause any of the Tax-
Exempt Bonds to be "federally guaranteed" within the meaning of Section 149(b) of the Code.
(d) Rebate Requirement. The City will take any and all actions necessary to assure
compliance with Section 148(f) of the Code, relating to the rebate of excess investment
earnings, if any, to the federal government, to the extent that such section is applicable to the
Tax-Exempt Bonds.
(e) No Arbitrage. The City will not take, or permit or suffer to be taken, any action
with respect to the proceeds of the Tax-Exempt Bonds which, if such action had been
reasonably expected to have been taken, or had been deliberately and intentionally taken, on
the date of issuance of the Tax-Exempt Bonds would have caused the Tax-Exempt Bonds to be
"arbitrage bonds" within the meaning of Section 148 of the Code.
-20-
10018 000131a08ep42ck
ORDINANCE NO. 5921
(f) Registration Covenant. The City will maintain a system for recording the
ownership of each Tax-Exempt Bond that complies with the provisions of Section 149 of the
Code until all Tax-Exempt Bonds have been surrendered and canceled.
(g) Record Retention. The City will retain its records of all accounting and
monitoring it carries out with respect to the Tax-Exempt Bonds for at least three years after the
Tax-Exempt Bonds mature or are redeemed (whichever is earlier); however, if the Tax-Exempt
Bonds are redeemed and refunded, the City will retain its records of accounting and
monitoring at least three years after the earlier of the maturity or redemption of the
obligations that refunded the Tax-Exempt Bonds.
(h) Compliance with Federal Tax Certificate. The City will comply with the provisions
of the Federal Tax Certificate with respect to a series of Tax-Exempt Bonds, which are
incorporated herein as if fully set forth herein. The covenants of this Section will survive
payment in full or defeasance of the Tax-Exempt Bonds.
(i) Bank Qualification. In the Federal Tax Certificate executed in connection with
the issuance of each series of Tax-Exempt Bonds, the City may designate such Bonds as
"qualified tax-exempt obligations" under Section 265(b)(3) of the Code for investment by
financial institutions if the City does not reasonably expect to issue more than $10,000,000 of
qualified tax-exempt obligations in the calendar year in which such Tax-Exempt Bonds are
issued.
Section 10. Debt Service Fund and Provision for Tax Levy Payments. The City hereby
authorizes the creation of one or more funds, and accounts held therein, to be used for the
payment of debt service on each series of Bonds, designated as the "Limited Tax General
-21-
10018 00013208ep42ck
ORDINANCE NO. 5921
Obligation Bond Debt Service Fund" or other such designation selected by the City (the "Debt
Service Fund"). No later than the date each payment of principal of or interest on the Bonds
becomes due, the City shall transmit sufficient funds, from the Debt Service Fund or from other
legally available sources, to the Bond Registrar for the payment of such principal or interest.
Money in the Debt Service Fund may be invested in legal investments for City funds, but only
to the extent that the same are acquired, valued and disposed of at Fair Market Value. Any
interest or profit from the investment of such money shall be deposited in the Debt Service
Fund.
The City hereby irrevocably covenants and agrees for as long as any of the Bonds are
outstanding and unpaid that each year it shall include in its budget and levy an ad valorem tax
upon all the property within the City subject to taxation in an amount that will be sufficient,
together with all other revenues and money of the City legally available for such purposes, to
pay the principal of and interest on the Bonds as the same shall become due.
The City hereby irrevocably pledges that the annual tax provided for herein to be levied
for the payment of such principal and interest shall be within and as a part of the property tax
levy permitted to cities without a vote of the electorate, and that a sufficient portion of each
annual levy to be levied and collected by the City prior to the full payment of the principal of
and interest on the Bonds will be and is hereby irrevocably set aside, pledged and appropriated
for the payment of the principal of and interest on the Bonds. The full faith, credit and
resources of the City are hereby irrevocably pledged for the annual levy and collection of such
taxes and for the prompt payment of the principal of and interest on the Bonds when due.
-22-
10018 00013 ia08ep42ck
ORDINANCE NO. 5921
The City hereby further irrevocably pledges all Local Option Sales and Use Tax Revenues
to the portion of the Bonds allocable to the Improvements. The City further covenants to
impose the Local Option Sales and Use Tax, collect the Local Option Sales and Use Tax
Revenues under and in accordance with RCW 82.14.505 and RCW 82.14.510, and apply Local
Option Sales and Use Tax Revenues to pay debt service on the portion of the Bonds allocable to
the Improvements. In the event that the Bonds authorized herein are combined with other
limited tax general obligation bonds of the City and sold as a single series, the Local Option
Sales and Use Tax Revenues shall be pledged to the portion of the combined series of bonds
allocable to the Improvements.
Section 11. Defeasance. In the event that the City, in order to effect the payment,
retirement or redemption of any Bond, sets aside in the Debt Service Fund or in another
special account, cash or noncallable Government Obligations, or any combination of cash
and/or noncallable Government Obligations, in amounts and maturities that, together with the
known earned income therefrom, are sufficient to redeem or pay and retire such Bond in
accordance with its terms and to pay when due the interest and redemption premium, if any,
thereon, and such cash and/or noncallable Government Obligations are irrevocably set aside
and pledged for such purpose, then no further payments need be made into the Debt Service
Fund for the payment of the principal of and interest on such Bond. The owner of a Bond so
provided for shall cease to be entitled to any lien, benefit or security of this ordinance except
the right to receive payment of principal, premium, if any, and interest from the Debt Service
Fund or such special account, and such Bond shall be deemed to be not outstanding under this
-23-
10018 00013 ia08ep42ck
ORDINANCE NO. 5921
ordinance. The City shall give written notice of defeasance of any Bonds of a series in
accordance with the applicable Continuing Disclosure Certificate.
Section 12. Sale of Bonds.
(a) Bond Sale. The Council has determined that it would be in the best interest of
the City to delegate to the Designated Representatives, for a limited time, the authority to
designate each series of Bonds as Tax-Exempt Bonds or Taxable Bonds and to approve the final
interest rates, maturity dates, redemption terms and principal maturities for each series of
Bonds. A Designated Representative may also determine to combine the Bonds authorized
herein with other authorized limited tax general obligation bonds of the City and to sell such
bonds as a single series and issue.
(b) Competitive Sale. The Bonds of each series shall be sold by competitive public
sale. A Designated Representative shall with respect to such series of Bonds: (1) establish the
date of the public sale; (2) establish the criteria by which the successful bidder will be
determined; (3) request that a good faith deposit accompany each bid; (4) cause notice of the
public sale to be given; and (5) provide for such other matters pertaining to the public sale as
he or she deems necessary or desirable. A Designated Representative shall cause the notice of
sale to be given and provide for such other matters pertaining to the public sale as he or she
deems necessary or desirable. The Bonds of such series shall be sold to the Underwriter
pursuant to the terms of a Certificate of Award.
(c) Sale Parameters. Subject to the terms and conditions set forth in this Section
12, each Designated Representative is hereby authorized to designate each series of Bonds as
Tax-Exempt Bonds or Taxable Bonds and to determine the final interest rates, aggregate
-24-
10018 000131a08ep42ck
ORDINANCE NO. 5921
principal amount, principal maturities, and redemption rights for each series of Bonds in the
manner provided hereafter so long as:
(1) the aggregate principal (face) amount of all Bonds issued under the
authority granted in this ordinance does not exceed $8,500,000,
(2) the final maturity date for the Bonds of each series is no later than
December 1, 2044,
(3) the aggregate purchase price for the Bonds of each series shall be no less
than 98% of the aggregate stated principal amount of the Bonds of each series,
(4) the true interest cost for the Tax-Exempt Bonds (in the aggregate for
such series) does not exceed 5.00%,
(5) the true interest cost for the Taxable Bonds (in the aggregate for such
series) does not exceed 5.00%, and
(6) the Bonds of each series otherwise conform to all other terms of this
ordinance.
Subject to the terms and conditions set forth in this section, each Designated
Representative is hereby authorized to select the Underwriter and to execute the Certificate of
Award on behalf of the City for each series of Bonds. The signature of one Designated
Representative shall be sufficient to bind the City.
Following the execution of the Certificate of Award, a Designated Representative shall
provide a report to the Council describing the final terms of the Bonds sold pursuant to such
Certificate of Award and approved pursuant to the authority delegated in this section. The
authority granted to the Designated Representatives by this Section 12 shall expire one year
-25-
10018 000131a08ep42ck
ORDINANCE NO. 5921
after the effective date of this ordinance. If a Certificate of Award for the Bonds has not been
executed within one year after the effective date of this ordinance, the authorization for the
issuance of the Bonds shall be rescinded, and the Bonds shall not be issued nor their sale
approved unless such Bonds are re-authorized by ordinance of the Council. The ordinance re-
authorizing the issuance and sale of such Bonds may be in the form of a new ordinance
repealing this ordinance in whole or in part or may be in the form of an amendatory ordinance
approving a Certificate of Award or establishing terms and conditions for the authority
delegated under this Section 12.
(f) Delivery of Bonds; Documentation. Upon the passage and approval of this
ordinance and execution of the Certificate of Award, the proper officials of the City, including
the Designated Representatives and the City Clerk, are authorized and directed to undertake all
action necessary for the prompt execution and delivery of the Bonds of a series to the
Underwriter and further to execute all closing certificates and documents required to effect
the closing and delivery of the Bonds of a series in accordance with the terms of the Certificate
of Award. Such documents may include, but are not limited to, documents related to a
municipal bond insurance policy delivered by an insurer to insure the payment when due of
the principal of and interest on all or a portion of a series of Bonds as provided therein, if such
insurance is determined by a Designated Representative to be in the best interest of the City.
Section 13. Preliminary and Final Official Statements. Each Designated
Representative is hereby authorized to deem final the preliminary Official Statement relating
to a series of Bonds for the purposes of the Rule. Each Designated Representative is further
authorized to approve for purposes of the Rule, on behalf of the City, the final Official
-26-
10018 00013208ep42ck
ORDINANCE NO. 5921
Statement relating to the issuance and sale of a series of Bonds and the distribution of the final
Official Statement in accordance with the Rule with such changes, if any, as may be deemed by
him or her to be appropriate.
Section 14. Undertaking to Provide Ongoing Disclosure. The City covenants to
execute and deliver at the time of Closing of a series of Bonds a Continuing Disclosure
Certificate. Each Designated Representative is hereby authorized to execute and deliver a
Continuing Disclosure Certificate upon the issuance, delivery and sale of a series of Bonds with
such terms and provisions as such officer shall deem appropriate and in the best interests of
the City.
Section 15. Lost, Stolen or Destroyed Bonds. In case any Bonds are lost, stolen or
destroyed, the Bond Registrar may authenticate and deliver a new Bond or Bonds of like series,
amount, date and tenor to the Registered Owner thereof if the Registered Owner pays the
expenses and charges of the Bond Registrar and the City in connection therewith and files with
the Bond Registrar and the City evidence satisfactory to both that such Bond or Bonds were
actually lost, stolen or destroyed and of his or her ownership thereof, and furnishes the City
and the Bond Registrar with indemnity satisfactory to both.
Section 16. Severability; Ratification. If any one or more of the covenants or
agreements provided in this ordinance to be performed on the part of the City shall be
declared by any court of competent jurisdiction to be contrary to law, then such covenant or
covenants, agreement or agreements, shall be null and void and shall be deemed separable
from the remaining covenants and agreements of this ordinance and shall in no way affect the
validity of the other provisions of this ordinance or of the Bonds. All acts taken pursuant to the
-27-
10018 00013208ep42ck
ORDINANCE NO. 5921
authority granted in this ordinance but prior to its effective date are hereby ratified and
confirmed.
Section 17. Payments Due on Business Days. If an interest and/or principal payment
date for the Bonds is not a business day, then payment shall be made on the next business day
and no interest shall accrue for the intervening period.
Section 18. Corrections by Clerk. Upon approval of the City Attorney and Bond
Counsel, the City Clerk is hereby authorized to make necessary corrections to this ordinance,
including but not limited to the correction of clerical errors; references to other local, State or
federal laws, codes, rules, or regulations; ordinance numbering and section/subsection
numbering; and other similar necessary corrections.
Section 19. Effective Date. This ordinance shall be effective upon its passage,
approval, and thirty (30) days after publication.
PASSED by the City Council this 11th day of Februar , 2019.
,
Jason Seth, CM Ci y Clerk
APPROVED BY THE MAYOR this 11th day of Februaryilti,
T oit,
Denis Law, Mayor
\``�0 „1„of R E,,,,,,,
.,`�,,� NA,,''%
Approved as to form: ;e� """"" "<<�,,,O '%,
C..\-' _____ E z= ati. ''-s Ss
Pacifica Law Group LLP s Ifr o
Bond Counsel ti
Date of Publication: 2/15/2019 (summary) �iiRA iitt S0Q`�.�``�\
''�''
-28-
10018 00013 ia08ep42ck
ORDINANCE NO. 5921
Exhibit A
Form of Bond
[DTC LANGUAGE]
UNITED STATES OF AMERICA
NO. $
STATE OF WASHINGTON
CITY OF RENTON
LIMITED TAX GENERAL OBLIGATION BOND, 2019[(Taxable)]
INTEREST RATE: % MATURITY DATE: CUSIP NO.:
REGISTERED OWNER: CEDE & CO.
PRINCIPAL AMOUNT:
The City of Renton, Washington (the "City"), hereby acknowledges itself to owe and for
value received promises to pay to the Registered Owner identified above, or registered assigns,
on the Maturity Date identified above, the Principal Amount indicated above and to pay
interest thereon from , 20 , or the most recent date to which interest has been
paid or duly provided for until payment of this bond at the Interest Rate set forth above,
payable on 1, 20 , and semiannually thereafter on the first days of each
succeeding and . Both principal of and interest on this bond are
payable in lawful money of the United States of America. The fiscal agent of the State of
Washington has been appointed by the City as the authenticating agent, paying agent and
registrar for the bonds of this issue (the "Bond Registrar"). For so long as the bonds of this
issue are held in fully immobilized form, payments of principal thereof and interest thereon
shall be made as provided in accordance with the operational arrangements of The Depository
Trust Company ("DTC") referred to in the Blanket Issuer Letter of Representations (the "Letter
of Representations") from the City to DTC.
The bonds of this issue are issued under and in accordance with the provisions of the
Constitution and applicable statutes of the State of Washington and Ordinance No. , duly
passed by the City Council on , 2019 (the "Bond Ordinance"). Capitalized terms
used in this bond have the meanings given such terms in the Bond Ordinance.
This bond shall not be valid or become obligatory for any purpose or be entitled to any
security or benefit under the Bond Ordinance until the Certificate of Authentication hereon
shall have been manually signed by or on behalf of the Bond Registrar or its duly designated
agent.
A-1
10018 00013 ia08ep42ck
ORDINANCE NO. 5921
This bond is one of an authorized issue of bonds of like series, date, tenor, rate of
interest and date of maturity, except as to number and amount in the aggregate principal
amount of $ and is issued pursuant to the Bond Ordinance to provide a portion of
the funds necessary to pay the costs of certain public improvements meeting the requirements
of RCW 39.104.020 and to pay costs of issuance.
The bonds of this issue are subject to redemption prior to their stated maturities as
provided in the Certificate of Award.
The City has irrevocably covenanted and agreed for as long as the bonds of this issue
are outstanding and unpaid that each year it shall include in its budget and levy an ad valorem
tax upon all the property within the City subject to taxation in an amount that will be sufficient,
together with all other revenues and money of the City legally available for such purposes, to
pay the principal of and interest on the bonds of this issue as the same shall become due.
The City has irrevocably pledged that the annual tax provided for to be levied for the
payment of such principal and interest shall be within and as a part of the property tax levy
permitted to cities without a vote of the electorate, and that a sufficient portion of each
annual levy to be levied and collected by the City prior to the full payment of the principal of
and interest on the bonds of this issue will be and is hereby irrevocably set aside, pledged and
appropriated for the payment of the principal of and interest on the bonds of this issue. The
full faith, credit and resources of the City have been irrevocably pledged for the annual levy
and collection of such taxes and for the prompt payment of the principal of and interest on the
bonds of this issue when due.
The City has further irrevocably pledged all Local Option Sales and Use Tax Revenues to
the portion of the bonds of this issue allocable to the Improvements. The City further
covenanted to impose the Local Option Sales and Use Tax, collect the Local Option Sales and
Use Tax Revenues under and in accordance with RCW 82.14.505 and RCW 82.14.510, and apply
Local Option Sales and Use Tax Revenues to pay debt service on the portion of the bonds of
this issue allocable to the Improvements. In the event that the Bonds are combined with other
limited tax general obligation bonds of the City and sold as a single series, the Local Option
Sales and Use Tax Revenues shall be pledged to the portion of the combined series of bonds
allocable to the Improvements.
It is hereby certified that all acts, conditions and things required by the Constitution and
statutes of the State of Washington to exist and to have happened, been done and performed
precedent to and in the issuance of this bond exist and have happened, and have been done
and performed and that the issuance of this bond and the bonds of this issue does not violate
any constitutional, statutory or other limitation upon the amount of bonded indebtedness that
the City may incur.
IN WITNESS WHEREOF, the City of Renton, Washington, has caused this bond to be
executed by the manual or facsimile signatures of the Mayor and the City Clerk and the seal of
the City to be imprinted, impressed or otherwise reproduced hereon as of this day of
A-2
10018 000131a08ep42ck
ORDINANCE NO. 5921
, 20_
[SEAL]
CITY OF RENTON, WASHINGTON
By Is/ manual or facsimile
Mayor
ATTEST:
Is/ manual or facsimile
City Clerk
The Bond Registrar's Certificate of Authentication on the Bonds shall be in substantially the
following form:
CERTIFICATE OF AUTHENTICATION
Date of Authentication:
This bond is one of the bonds described in the within-mentioned Bond Ordinance and is
one of the Limited Tax General Obligation Bonds, 2019, of the City of Renton, Washington,
dated , 2019.
WASHINGTON STATE FISCAL AGENT, as
Bond Registrar
By
A-3
10018 00013 ia08ep42ck
CERTIFICATEREGARDINGBONDORDINANCEI,JASONA.SETH,CityClerkoftheCityofRenton,Washington(the“City”),doherebycertify:1.ThattheattachedOrdinanceNo.5921isatrueandcorrectcopyofanordinanceoftheCityCouncil,asadoptedataregularmeetingoftheCityCouncilheldonFebruary11,2019,anddulyrecordedinmyoffice,andthatsuchOrdinancehasnotbeenamendedorsuperseded.2.Thatthemeetingwasdulyconvenedandheldinallrespectsinaccordancewithlaw,andtotheextentrequiredbylaw,dueandpropernoticeofthemeetingwasgiven;thatalegalquorumwaspresentthroughoutthemeetingandalegallysufficientnumberofmembersoftheCityCouncilvotedinthepropermannerfortheadoptionoftheOrdinance;thatallotherrequirementsandproceedingsincidenttotheproperadoptionofOrdinancehavebeendulyfulfilled,carriedoutandotherwiseobserved;andthatIamauthorizedtoexecutethiscertificate.Datedthis9thdayofApril,2019.,CityClerkCityofenton,Washington1001800013c26bn27kw
SIGNATUREIDENTIFICATIONANDNONLITIGATIONCERTIFICATEWe,DENISLAWandJASONA.SETH,thedulychosen,qualifiedandactingMayorandCityClerk,respectively,oftheCityofRenton,Washington,DOHEREBYCERTIFYthatourfacsimilesignaturesappearingoneachofthefollowing-describedlimitedtaxgeneralobligationbondsoftheCityaretrueandgenuinefacsimilesofoursignatures.ThebondsaredatedApril9,2019areinthetotalprincipalamountof$20,845,000,aredesignated“CityofRenton,WashingtonLimitedTaxGeneralObligationBonds,2019,”areinfullyregisteredform,areissuableinthedenominationof$5,000eachoranyintegralmultipleof$5,000,providednobondrepresentsmorethanonematurity,arepayable,bothprincipalandinterest,inlawfulmoneyoftheUnitedStatesofAmerica,bearinterestpayablesemiannuallyonthefirstdayofJuneandDecember,commencingonDecember1,2019,atthefollowingratesandmatureonthefollowingdatesinthefollowingprincipalamounts:MaturityYearPrincipalInterest(December1)AmountRate2019$550,0005.00%2020605,0005.002021635,0005.002022670,0005.002023700,0005.002024735,0005.002025770,0005.002026810,0005.002027855,0005.002028895,0005.002029940,0005.002030985,0005.0020311,030,0004.0020321,075,0004.0020331,120,0004.0020341,160,0004.0020351,210,0004.0020361,260,0003.0020371,295,0003.0020381,330,0003.0020432,215,0004.001001800013ic26bn27kw
WEFURTHERCERTIFYthatthereisnocontroversyorlitigationpendingortothebestofourknowledgethreatenedaffectingtheissuanceanddeliveryofsaidbonds,thelevyandcollectionoftaxesandotherrevenuepledgedtopaytheprincipalthereofandinterestthereon,theproceedingsandauthorityunderwhichsaidbondsareissuedandsaidtaxeslevied,thevalidityofsaidbonds,thecorporateexistenceorboundariesoftheCity,orthetitleofthepresentofficerstotheirrespectiveoffices,andthatnoauthorityorproceedingsfortheissuanceofsaidbondshasorhavebeenrepealed,revokedorrescinded.DATEDasofthis9thdayofApril,2019.SignaturesTitle___________________________Mayor;:‘__/CityClerk1001800013ic26bn27kw
STATEOFWASHINGTON)COUNTYOFKING)ss.)OnthisdayofApril,2019,beforeme,theundersigned,aNotaryPublicinandfortheStateofWashington,dulycommissionedandsworn,personallyappearedDENISLAW,tomeknowntobetheMayoroftheCityofRenton,Washington,describedinandwhoexecutedthewithinandforegoinginstrument;andacknowledgedtomethathesignedsaidinstrumentashisfreeandvoluntaryactanddeedfortheusesandpurposesthereinmentioned./NotaryISublicCOUNTYOFKING))ss.)[PrintedName]‘—“Myappointmentexpires:OnthisdayofAugust,2019,beforeme,theundersigned,aNotaryPublicinandfortheStateofWashington,dulycommissionedandsworn,personallyappearedJASONA.SETH,tomeknowntobetheCityClerkoftheCityofRenton,Washington,describedinandwhoexecutedthewithinandforegoinginstrument;andacknowledgedtomethathesignedsaidinstrumentasherfreeandvoluntaryactanddeedforthesesandpurposesthereinmentioned.INotaryubic([PrintedName]Myappointmentexpires:STATEOFWASHINGTON1001800013ic26bn27kw
CERTIFICATEREGARDINGMINUTESOFCITYCOUNCILMEETINGI,JASONA.SETH,CityClerkoftheCityofRenton,Washington,doherebycertifythattheattachedisafull,trueandcorrectcopyoftheminutesoftheFebruary11,2019regularmeetingoftheCityCouncil,whichreflectthepassageandadoptionofOrdinanceNo.5921.Datedthis9thdayofApril,2019./asonA.S,CMC,CityClerk//CityofRenton,Washington1001800013ic26bn27kw
CITYOF—“RentonfMINUTESCityCouncilRegularMeeting4:00PM-Monday,February11,2019CouncilChambers,7thFloor,CityHall—10555.GradyWayCALLTOORDERANDPLEDGEOFALLEGIANCEMayorLawcalledthemeetingoftheRentonCityCounciltoorderat4:00PMandledthePledgeofAllegiance.ROLLCALLCouncilmembersAbsent:CouncilmembersPresent:CarolAnnWitschiDonPersson,CouncilPresidentRandyCormanRyanMclrvinRuthPerezArmondoPavoneEdPrinceMOVEDBYPRINCE,SECONDEDBYCORMAN,COUNCILEXCUSEABSENTCOUNCILMEMBERCAROLANNWITSCHI.CARRIED.ADMINISTRATIVESTAFFPRESENTDenisLaw,MayorRobertHarrison,ChiefAdministrativeOfficerShaneMoloney,CityAttorneyJasonSeth,CityClerkJanHawn,AdministrativeServicesAdministratorGreggZimmerman,PublicWorksAdministratorDebNeedham,EmergencyManagementDirectorJenniferHenning,PlanningDirectorRonStraka,UtilitiesDirectorAmandaAskren,Planning&TechnicalServicesManagerChiefRickMarshall,RentonRegionalFireAuthorityCommanderDaveLeibman,PoliceDepartmentFebruary11,2019REGULARCOUNCILMEETINGMINUTES
PROCLAMATIONSd)RentonHeartMonth-AproclamationbyMayorLawwasreaddeclaringFebruary2019tobeRentonHeartMonth,encouragingallresidentstoincreasetheirawarenessofcardiovasculardisease,detection,andpreventionbyparticipatinginthisimportantcommunityriskreductioncampaign.FireChiefRickMarshallacceptedtheproclamationwithappreciation.MOVEDBYPERSSON,SECONDEDBYPAVONE,COUNCILCONCURINTHEPROCLAMATION.CARRIED.a)GarlandJewelersDay:AproclamationbyMayorLawwasreaddeclaringFebruary11,2019tobeGarlandJewelersDayintheCityofRenton,encouragingallcitizenstojoininthisspecialobservance.GarlandJewelersownerGarySlotnikwasunabletoaccepttheproclamationduetoinclementweather.MOVEDBYPERSSON,SECONDEDBYPRINCE,COUNCILCONCURINTHEPROCLAMATION.CARRIED.c)NationalChildren’sDentalHealthMonth-AproclamationbyMayorLawwasreaddeclaringFebruary2019tobeNationalChildren’sDentalHealthMonthintheCityofRenton,encouragingallcitizenstojoininthisspecialobservance.MOVEDBYPERSSON,SECONDEDBYPRINCE,COUNCILCONCURINTHEPROCLAMATION.CARRIED.PUBLICHEARING_______________________________________________a)WSDOTAcquisition:1-405/NE44thStInterchangeProject:ThisbeingthedatesetandpropernoticeshavingbeenpostedandpublishedinaccordancewithlocalandStatelaws,MayorLawopenedthepublichearingtoconsidertheproposedWSDOTacquisitionat1-405&NE44thStreetInterchange.Planning&TechnicalServicesManagerAmandaAskrenreportedthattheWashingtonStateDepartmentofTransportation(WSDOT)isplanningimprovementsto1-405betweenSR167andNE6thStinBellevueforitswideningandexpresstolllanesproject.SheindicatedthatthishearingwastonotifythepublicaboutWSDOT’sproposaltoacquireCityofRentonproperty,andtemporarilyleaseadditionalpropertylocatedinthevicinityof1-405andtheNE44thStinterchange.Ms.AskrendescribedthelocationofthepropertyandnotedthatWSDOI’stakewasforapproximately45,225squarefeetoflandjustwestof1-405.Shealsoreportedthatthetemporaryeasementneededtostageequipmentisapproximately2,878squarefeetandislocatedontheeastsideofthefreeway.Concluding,Ms.Askrenreportedcompensationforthepropertyacquisitionhasbeensetat$20,000andnotedthat$10,000ofthatamountwillberepaidtoKingCountybecausethepropertywasoriginallyboughtbytheCityofRentonusingKingCountygrantfunds.ShealsoindicatedthatWSDOTwillpaytheCity$1,000foruseofthetemporaryeasement.Ms.Askrenstatedthatthestaffrecommendationisto1)AuthorizetheMayorandCityClerktoexecutetheWSDOTdocumentationforthetemporaryeasementandwarrantydeedrequiredtofinalizetheacquisition,2)Authorizeacceptingcompensationof$20,000fortheacquisitionand$1,000forthetemporaryeasementfromWSDOT,and3)Authorizethedisbursementof$10,000toKingCounty.February11,2019REGULARCOUNCILMEETINGMINUTES
Therebeingnopubliccomment,itwasMOVEDBYMCIRVIN,SECONDEDBYPAVONE,COUNCILCLOSETHEPUBLICHEARING.CARRIED.ADMINISTRATIVEREPORTChiefAdministrativeOfficerRobertHarrisonreviewedawrittenadministrativereportsummarizingtheCity’srecentprogresstowardsgoalsandworkprogramsadoptedaspartofitsbusinessplanfor2019andbeyond.Itemsnotedwere:•The2019StateoftheCityaddresshasbeenrescheduledforThursday,February28,2019,at8a.m.atRentonPavilionEventCenter.Ticketsare$25eachor$200foratableofeight.•Thecity’ssevereweathershelterwillbeopenthroughWednesday,February13.Theshelterwillopendailyat8p.m.andclosethefollowingmorningat7a.m.TheshelterislocatedattheOldChamberofCommercebuilding,300RainierAvenueNorthinRenton.Allarewelcomeandmustregisteratthedoor.ContacttheCrisisClinicbydialing2-1-1toaccessshelterinformation.•TheCityofRentonisseekingcandidatestoserveontheSeniorCitizensAdvisoryBoard.TheboardactsinanadvisorycapacityonmattersofparticularinteresttoseniorcitizensintheRentoncommunity.Toapply,downloadanapplicationfromtheCity’swebsite.ApplicationsarealsoavailableattheRentonSeniorActivityCenter.CompletedapplicationsshouldbereturnedtotheSeniorActivityCenterormailedtotheMayor’sOffice.Applicationsmustbereceivedby5p.m.onFebruary15,2019.•DuringthemonthofFebruary,themaindisplaycaselocatedonthelobbylevelofCityHallfeaturesaneducationaldisplaybytheSolidWasteUtility.ThedisplayprovidesinformationaboutstoresinRentonthatacceptplasticbagsforrecyclingandillustratesexamplesofdifferenttypesofplasticbagsthatarerecyclable.Asareminder,plasticbagsarenolongeracceptedincurbsiderecycling.Residentsareencouragedtotaketheirplasticbagstostoreswithplasticbagrecyclingbinsorrecycleatthecity’sSpringRecyclingEventonMay11,2019,atRentonTechnicalCollege.•Roadconditions,especiallyduringthewintermonths,mayimpactrecycling,organics,andgarbagecollectionroutesinRenton.HaulertrucksareheavyandthecityandRepublicServicesareconcernedwithpublicsafety.Ifweatherconditionspreventcollectionofrecycling,organics,orgarbagecarts,removethecartsfromthecurbattheendofthedayandfollowtheguidelinesbelow.Pleasefollowcontainerweightlimits.•RecyclingandgarbagecartswillbecollectedontheSaturdayimmediatelyfollowingthemissedcollection.•Organicscartwillbecollectedonthenextregularlyscheduledcollectionday,thefollowingweek.•Preventativestreetmaintenancewillcontinuetoimpacttrafficandresultinoccasionalstreetclosures.February11,2019REGULARCOUNCILMEETINGMINUTES
CONSENTAGENDAItemslistedontheConsentAgendawereadoptedwithonemotion,followingthelisting.Items7.c.,7.e.,and7.fwereremovedforseparateconsideration.a)ApprovalofCouncilmeetingminutesofJanuary28,2019.CouncilConcur.b)AB-2320MayorLawappointedMartinDawoodtotheBensonHillCommunityPlanAdvisoryBoardforanunexpiredtermexpiringon8/1/2020.RefertoPlanning&DevelopmentCommittee.d)AB-2319CityClerkreportedbidopeningonJanuary29,2019andsubmittedthestaffrecommendationtoawardtheCityHallElevatorModernizationProject-Phase2toR.C.ZeiglerCompany,Inc.intheamountof$115,207.40.CouncilConcur.g)AB-2321TransportationSystemsDivisionrecommendedapprovalofSupplementalAgreementNo.6toCAG-15-177,withOTAK,Inc.,intheamountof$130,499,foradditionalservicesrelatedtotheLakeWashingtonLoopTrailproject.RefertoTransportation(Aviation)Committee.h)AB-2322TransportationSystemsDivisionrecommendedapprovalofSupplementalNo.7toCAG-17-082,withPerteet,Inc.,intheamountof$288,617,forthepreparationof90%designplansandfinalconstructiondocumentsfortheParkAveNExtensionproject.RefertoTransportation(Aviation)Committee.i)AB-2323TransportationSystemsDivisionrecommendedapprovalofSupplementalAgreementNo.2toCAG-17-128,withGray&Osborne,intheamountof$133,827,forconstructionmanagementandinspectionservicesfortheRentonAveSResurfacingproject.RefertoTransportation(Aviation)Committee.MOVEDBYPERSSON,SECONDEDBYCORMAN,COUNCILCONCURTOAPPROVETHECONSENTAGENDA,MINUSITEMS7.C.,7.E.,AND7.F.CARRIED.SEPARATECONSIDERATIONITEMS7.C.,7.E.,AND7.F.c)AB-2311CityClerkrecommendedadoptionofaresolutionadoptingamendedCouncilPolicy&Procedure800-12-ContractingAuthority.RefertoCommitteeoftheWholeMOVEDBYPERSSON,SECONDEDBYCORMAN,COUNCILCONCURTOAMENDSECTION4.1.1OFPOLICY800-12BYSTRIKINGALLLANGUAGEAFTER$300,000,ANDAPPROVEAMENDEDCONSENTAGENDAITEM7.C.ASCOUNCILCONCUR.CARRIED.e)AB-2280Community&EconomicDevelopmentDepartmentrecommendedadoptionofanordinancetocorrectthemaximumheightofverticallymixed-usebuildingsintheCommercialArterial(CA)zonefrom60feetto70feet.RefertoPlanning&DevelopmentCommitteeMOVEDBYPRINCE,SECONDEDBYCORMAN,COUNCILAPPROVECONSENTAGENDAITEM7.E.ASCOUNCILCONCUR.CARRIED.f)AB-2318CommunityServicesDepartmentsubmittedbidopeningresultsfortheSignShopExpansionproject,andrecommendedawardingthecontracttothelowestresponsiveandresponsiblebidderOptimusConstruction,intheamountof$690,124.64pendingdiscussionoffundingoptions.RefertoFinanceCommitteeMOVEDBYPAVONE,SECONDEDBYPRINCE,COUNCILCONCURTOAPPROVECONSENTAGENDAITEM7.F.ASCOUNCILCONCUR.CARRIED.February11,2019REGULARCOUNCILMEETINGMINUTES
UNFINISHEDBUSINESSa)CommitteeoftheWholeChairPerssonpresentedareportconcurringinthestaffandPlanningCommissionrecommendationtoadoptcodechangestoimplementarentalregistrationprogramtoensurerentalhousingunitsmeetbasichealthstandards.ThisitemwasoriginallyapprovedattheOctober22,2018Councilmeeting.However,itwastabledforadditionalreviewduetopubliccomment.TheCommitteefurtherrecommendedthattherevisedordinancewhichaddressesconcernsraisedbepresentedforfirstreading.MOVEDBYPERSSON,SECONDEDBYPRINCE,COUNCILCONCURINTHECOMMIUEERECOMMENDATION.CARRIED.b)FinanceCommitteeChairPavonepresentedareportconcurringinthestaffrecommendationtoapprovethefollowingpayments:1.AccountsPayable—totalpaymentof$4,741,386.63forvouchers11118,370987-370989,371003-371357,1900202;payrollbenefitwithholdingvouchers5965-5974,370990-371002;andthreewiretransfers.2.Payroll—totalpaymentof$2,899,636.35forpayrollvoucherswhichincludes1,337directdepositsand24checks(December16-31,2018&January01-15,2019payperiods).3.KidderMathews—totalpaymentof$37,401.67forvouchers5797-5815.MOVEDBYPAVONE,SECONDEDBYPRINCE,COUNCILCONCURINTHECOMMIUEERECOMMENDATION.CARRIED.c)FinanceCommitteeChairPavonepresentedareportrecommendingtheissuanceofLTGObondsgeneratingapproximately$8.5millioninprojectproceedsfundedbyalocaloptionsalesandusetaxtofundpublicinfrastructureimprovementsintheSouthLakeWashingtonRevitalizationarea.TheCommitteefurtherrecommendedthattheordinanceregardingthismatterbepresentedforfirstandadvancedtosecondandfinalreading.MOVEDBYPAVONE,SECONDEDBYPRINCE,COUNCILCONCURINTHECOMMIUEERECOMMENDATION.CARRIED.d)FinanceCommitteeChairPavonepresentedareportconcurringinthestaffrecommendationtoapprovetheutilitybilladjustmentforwater,sewer,andKingCountyMetrorelatedchargesfromawaterleakattheserviceaddressof1531N3rdSt.(Account#47005),aspresentedforthetotalamountof$5,004.53.TheadjustmentincludesCityWater($754.23)CitySewer($1,545.15)andKingCountyMetro($2,705.15)chargesabovetheirnormalusage.MOVEDBYPAVONE,SECONDEDBYPRINCE,COUNCILCONCURINTHECOMMIHEERECOMMENDATION.CARRIED.e)FinanceCommitteeChairPavonepresentedareportconcurringinthestaffrecommendationtoauthorizetheadministrationtowriteoffandremovefromCity’saccountingrecordsbaddebtintheamountof$20,278.27.MOVEDBYPAVONE,SECONDEDBYPRINCE,COUNCILCONCURINTHECOMMIUEERECOMMENDATION.CARRIED.February11,2019REGULARCOUNCILMEETINGMINUTES
f)Transportation(Aviation)CommitteeChairMclrvinpresentedareportconcurringinthestaffrecommendationtoauthorizetheMayorandCityClerktoexecuteAddendum10-18toLeaseAgreementLAG001-87withtheBoeingEmployeesFlyingAssociationtoincreasetheirleasedsquarefootageby24,067squarefeet.MOVEDBYMCIRVIN,SECONDEDBYPEREZ,COUNCILCONCURINTHECOMMIHEERECOMMENDATION.CARRIED.g)Transportation(Aviation)CommitteeChairMclrvinpresentedareportconcurringinthestaffrecommendationto:1.AuthorizetheMayorandCityClerktoexecutealeaseagreementwithRainierFlightService,Inc.fora30-yeartermwhichcontainsconditionalprovisionsforredevelopmentofthe800and820parcels.2.AuthorizetheMayorandCityClerktoterminatetheexistingRainierFlightService,Inc.leaseagreementsLAG14-005andLAG15-005effectiveMay31,2019.MOVEDBYMCIRVIN,SECONDEDBYCORMAN,COUNCILCONCURINTHECOMMIHEERECOMMENDATION.CARRIED.h)Transportation(Aviation)CommitteeChairMclrvinpresentedareportconcurringinthestaffrecommendationto:1.AuthorizetheMayorandCityClerktoexecutetheWSDOTdocumentsfortheTemporaryEasementandWarrantyDeedandacceptthecompensationforsame.2.Authorizethedisbursementoffundsintheamountof$10,000toKingCountyasrequiredrepaymentofgrantfundsfortheKingCounty’sConservationFuturesLevy.TheCommitteefurtherrecommendedthattheresolutionregardingthismatterbepresentedforreadingandadoption.MOVEDBYMCIRVIN,SECONDEDBYPAVONE,COUNCILCONCURINTHECOMMITTEERECOMMENDATION.CARRIED.i)Transportation(Aviation)CommitteeChairMclrvinpresentedareportconcurringinthestaffrecommendationtoadopttheresolutionandauthorizetheMayorandCityClerktoexecutetheTitleVIPlan.MOVEDBYMCIRVIN,SECONDEDBYCORMAN,COUNCILCONCURINTHECOMMITTEERECOMMENDATION.CARRIED.j)Transportation(Aviation)CommitteeChairMclrvinpresentedareportconcurringinthestaffrecommendationto:1.ApprovePreferredAirsideAlternative#5—DeclaredDistanceswithEMAS(EngineeringMaterialArrestingSystem)withNorthShifttotheAirportMasterPlanUpdate.2.AuthorizestafftobrieftheFederalAviationAdministrationandproceedwithdraftingtheAirportLayoutPlandesignusingtheselectedPreferredAirsideAlternative#5.MOVEDBYMCIRVIN,SECONDEDBYCORMAN,COUNCILCONCURINTHECOMMITTEERECOMMENDATION.CARRIED.LEGISLATIONResolution(s):a)ResolutionNo.4370:Aresolutionwasreaddeclaringanemergency.MOVEDBYPERSSON,SECONDEDBYPRINCE,COUNCILADOPTTHERESOLUTIONASREAD.CARRIED.February11,2019REGULARCOUNCILMEETINGMINUTES
b)ResolutionNo.4369:AresolutionwasreadauthorizingthesaleofaportionofaCity-ownedparcelidentifiedasKingCountyParcelNo.3224059010totheStateofWashingtonDepartmentofTransportation(“WSDOT”)inrelationtoWSDOT’s1-405RentontoBellevueWideningandExpressTollLanesProject,authorizingtheMayortosignthenecessarydocumentstotransfertitle,andauthorizingtherepaymentof$10,000ingrantfundstoKingCounty.MOVEDBYMCIRVIN,SECONDEDBYPEREZ,COUNCILADOPTTHERESOLUTIONASREAD.CARRIED.c)ResolutionNo.4368:AresolutionwasreadadoptingtheCityofRentonTitleVIPlan.MOVEDBYMCIRVIN,SECONDEDBYCORMAN,COUNCILADOPTTHERESOLUTIONASREAD.CARRIED.d)ResolutionNo.4365:AresolutionwasreadamendingCouncilPolicy800-12.MOVEDBYPERSSON,SECONDEDBYCORMAN,COUNCILADOPTTHERESOLUTIONWITHTHEAHACHEDPOUCYAMENDEDTOSTRIKEALLLANGUAGEAFTER$300,000INSECTION4.1.1.CARRIED.Ordinance(s)forfirstreading:e)OrdinanceNo.5922:AnordinancewasreadamendingMaximumBuildingHeightforverticallymixed-usebuildingsintheCA(CommercialArterial)zoningdesignationinSubsection4-2-120.AoftheRentonMunicipalCode,andprovidingforseverabilityandestablishinganeffectivedate.MOVEDBYPRINCE,SECONDEDBYCORMAN,COUNCILREFERTHEORDINANCEFORSECONDANDFINALREADINGATTHENEXTCOUNCILMEETING.CARRIED.f)OrdinanceNo.5913:AnordinancewasreadaddingSection4-5-125totheRentonMunicipalCodetocreatearesidentialrentalregistrationandinspectionprogram,amendingSubsections5-5-3.Aand5-5-3.BoftheRentonMunicipalCodetocreateexemptionsfromgeneralbusinesslicensingregistrationandfeerequirements,andprovidingforseverabilityandestablishinganeffectivedate.MOVEDBYPERSSON,SECONDEDBYCORMAN,COUNCILREFERTHEORDINANCEFORSECONDANDFINALREADINGATTHENEXTCOUNCILMEETING.CARRIED.Ordinance(s)forfirstreadingandadvancementtosecondandfinalreading:g)OrdinanceNo.5921:AnordinancewasreadauthorizingtheissuanceofoneormoreseriesofLimitedTaxGeneralObligationBondsintheaggregateprincipalamountofnottoexceed$8,500,000tofinancecostsrelatedtopublicimprovementswithintheCity’sdesignatedlocalrevitalizationareaandtopaycostsofissuingthebonds;providingtheform,termsandcovenantsofthebonds;delegatingauthoritytoapprovethefinaltermsofthebonds;andprovidingforothermattersrelatingthereto.MOVEDBYPAVONE,SECONDEDBYPRINCE,COUNCILADVANCETHEORDINANCEFORSECONDANDFINALREADING.CARRIED.Followingasecondandfinalreading,itwasMOVEDBYPAVONE,SECONDEDBYPRINCE,COUNCILADOPTTHEORDINANCEASREAD.ROLLCALL:ALLAYES.CARRIED.February11,2019REGULARCOUNCILMEETINGMINUTES
Ordinance(s)forsecondandfinalreading:h)OrdinanceNo.5919:AnordinancewasreadannexingcertainterritorytotheCityofRenton(WolfWoodsAnnexation;FileNo.A-17-002).MOVEDBYPRINCE,SECONDEDBYPEREZ,COUNCILADOPTTHEORDINANCEASREAD.ROLLCALL:ALLAYES.CARRIED.i)OrdinanceNo.5920:AnordinancewasreadestablishingthezoningclassificationofcertainpropertyannexedwithintheCityofRentonfromR-4(UrbanResidential4DwellingUnitsPerAcre,KingCountyZoning)toR-4(Residential4Du/AC;fourdwellingunitsperacre,CityofRentonZoning)(WolfWoodsAnnexation;FileNo.A47-002).MOVEDBYPRINCE,SECONDEDBYPEREZ,COUNCILADOPTTHEORDINANCEASREAD.ROLLCALL:ALLAYES.CARRIED.NEWBUSINESS_______________________________________________PleaseseetheattachedCouncilCommitteeCalendar.ADJOURNMENT________MOVEDBYPRINCE,SECONDEDBYPAVONE,COUNCILADJOURN.CARRIED.TIME:4:38P.M.Jason‘Seth,CMCXi’Clerk/JasonSeth,Recorder/Monday,February11,2019February11,2019REGULARCOUNCILMEETINGMINUTES
CouncilCommitteeMeetingCalendarFebruary11,2019February18,2019MondayNOMEETINGCouncilHolidayinObservanceofPresidentsDayFebruary25,2019Monday5:00PMPlanning&DevelopmentCommittee,ChairPrince-CouncilConferenceRoom1.Docket#132.ShorelineMasterProgram3.ShoppingCartUpdate4.BensonHillCommunityPlanAdvisoryBoardAppointment-Dawood5.EmergingIssuesinCEDCANCELLEDUtilitiesCommittee,ChairPerez-CouncilConferenceRoom6:00PMCommitteeoftheWhole,ChairPersson-CouncilChambers1.Parks,RecreationandNaturalAreasUpdate2.KCMETRORapidRideI-LineIntroduction