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Home My WebLink AboutLID 302/308 - Vol 2 OF R4,� �� ,,� z THE CITY OF RENTON MUNICIPAL BUILDING 200 MILL AVE.SO. RENTON,WASH.98055 o BARBARA Y. SHINPOCH. MAYOR • FINANCE DIRECTOR MICHAEL J.MULCAHY P 0,91TED SEPtS1ed March 15, 1985 Sherson/American Express, Inc. One Western Union International Plaza New York, New York 10004 Re: City of Renton Local Improvement District 302 Bonds Number 559 and 560 Gentlemen: Through a routine audit of Local Improvement District 302, as of December 31, 1984, we discovered we erroneously paid for Coupon #4 on both bonds number 559 and 560. We issued Check #117 on May 24, 1984, in the amount of $2, 140 which included $1, 100 for Coupon #4 on Bonds 559 and 560, and $1,040 for other coupons. These bonds were called as of May 1, 1983, and all interest ceased as of that date. The coupons were submitted in a coupon collection envelope attached to a coupon collection letter with instructions to remit to the Federal Reserve Board, Seattle. Copies of these documents are enclosed, together with a copy of our check, the cancelled coupons, the collection envelope for the other $1,040, and our call notice. We request you submit the bonds for payment from which we will deduct the $1, 100 paid in error. Very truly yours, CITY F RENTON E. Bennett Deputy Finance Director • WEB :jkm enclosures r (11 sEAFiRsr February 21, 1990 City of Renton Municipal Building 200 Mill Avenue South Renton, WA 98055 Attn: Ted Bennett Reference: Coupon- no.. 9 due 5/1/89 from bond nos. 369/70 Renton-Washington - Local Improvement District no. 302 dtd 5/1/80, 10% due 5/1/90 Dear Mr. Bennett: As Fiscal Agent for the above-referenced bond issue, Seattle-First National Bank has received a request to pay the above lost coupons. After a review of the enclosed Affidavit of Loss and Open Penalty Indemnity Bond, we are satisfied that this request may be met. Please review these documents and confirm your concurrence with our decision by signing and returning the enclosed copy of this letter to my attention. Please feel free to keep this extra copy of the Indemnity Bond for your files, or if you prefer, you may return it to us for retention. If you have any questions or concerns regarding this request, please feel free to contact us. Sincerely, MARTY REBICH Bondholder Relations - Lost Securities Dept. Bond Trustee Services (206) 622-7072 0252m/51111 Enclosures • Stil CA rokte/mci •f 3./90 Seafirst Bank Trust Division/Post Office Box 3586/Seattle, Washington 98124 • OPEN PENALTY INDEMNITY BOND � - Know all Men by these Presents, that - THE I ETNA CASUALTY AND SURETY COMPANY K 81 FCB 309640 RG 81 BX 100475768 BCA a corporation organized under the laws of the State of Connecticut and duly authorized to transact the business of insurance in the States of New York and Washington, among other States, and having an office and place of business at 151 Farmington Avenue, Hartford, CT and Century Square, 1501 Fourth Avenue, Seattle, WA as Obligor (hereinafter called "Obligor") is held and firmly bound unto CITY OF RENTON • RENTON, WASHINGTON LOCAL IMPROVEMENT DISTRICT NO. 302 and unto all such individuals,..firms and corporations,as.rmay.,now,or hereafter be acting as Transfer Agent(s), Registrar(s), Redemption ;Agent(s), Deposit'ary(-ies),' Trustees• and°unto any' :other' Paying, Distributing or Disbursing Agent or Agencies . in . respect] of the lbelow-mentioned certificate(s), their respective legal representatives, successors and assigns (hereinafter collectively called "Obligees"), in an aggregate sum not exceeding the maximum for which Obligor may lawfully'obLigatei.i.tself in respect of any single risk, lawful money of the United States, 'sufficient to indemnify' Obligees, their , respective legal representatives, successors and assigns, in case of a default under; the conditions of this bond as hereinafter set forth, to be paid to Obligees, their respective legal representatives, successors or assigns, as interest may appear; for which payment well and truly to, be made the Obligor binds itself, its legal representatives, successors, and assigns, jointly and severally, firmly by these presents. In the penal sum of two thousand dollars ($2,000.00) lawful money of the United-States of America. • SEALED with its seal and executed in 3 counterparts, this 8th day of February, 1990. . • WHEREAS, the Obligor represents that The Aetna Casualty and Surety Company is the owner of: coupons numbered 9 due 5/1/89 from $10,000 RENTON, WASHINGTON LOCAL IMPROVEMENT DISTRICT NO. 302 Bonds, Bonds numbered 369 and 370, dated 5/1/80, maturing 5/1/90, 10% interest at $5,000 each in bearer form • 2 coupons at $500.00 each total. $1,000.00 • (such security or securities being hereinafter called"original" or 'originals"), and that the same has/have been mislaid, lost, stolen or destroyed and:cannot be,found or'produced, by virtue of which the Obligor has re- quested Obligees to issue to The Aetna Casualty and Surety Company a new or duplicate instrument. or instruments, or to pay to The Aetna Casualty and Surety Company the amount due on said original or originals without surrender or presentation thereof for cancellation or stamping or for any other purpose; and WHEREAS, on the faith of. the foregoing representation and in consideration of this bond of indemnity, Obligees have complied or agreed to comply with said requests; , ,NOW, THEREFORE, THE CONDITIONS OF THIS OBLIGATION ARE, that if. the Obligor, the legal representatives, suc- cessors or assigns of Obligor, or any of them, -shall in case the original or originals be found or come into the hands, custody or power of any of them, or into the hands, custody or power of any corporation, firm or person, deliver or cause the same to be delivered unto Obligees in order to be cancelled, and shall also at all times defend, indemnify and save harmless Obligees from and against any and all claims, actions and suits, whether groundless or otherwise, and from and against any and all liabilities,_losses, damages, costs, charges, • counsel fees and other expenses of every nature and character by reason of the original or originals and/or. the issuance of a duplicate or duplicates in lieu thereof or in lieu of any instrument or instruments of purported like issue and amount which because of alteration, change or counterfeit may not be identified as or as not the (F-1311) 181. - • • said mislaid, lost, stolen or destroyed original or originals, or the making of any payment, credit, transfer, registration, conversion, exchange or delivery in respect of the original or originals without surrender thereof, whether or not caused by, based upon or arising out of inadvertence, accident, oversight or neglect on the part of the Obligees, or any of them, or their respective officers, agents, clerks, or employees and/or omission or failure to inquire into, contest or litigate the right of any applicant to receive any payment, credit, transfer, registration, conversion, exchange, issue or delivery in respect of the original or originals and/or the duplicate or duplicates issued in lieu thereof and/or caused by, based upon or arising out of the release of any security or the satisfaction of any instrument or instruments under which the original or originals and/or duplicate or duplicates are issued or secured, and/or caused by, based upon or arising out of any other matter or thing whatsoever, then this Obligation shall be void; otherwise shall remain in full force and effect. AND the Obligor, in consideration of the issuance cif, new or duplicate' instrument or instruments hereby.agrees with the Obligees, that, in case ' any litigation shall be instituted in any wise related to, touching or affecting the Obligees, or any of thee, with regard to the issuance hereinbefore requested, it will be responsible for such litigation on behalf of the Obligees, if so requested by them, or any of them, and, in any event, will pay all costs, counsel fees and charges connected therewith, whether such litigation shall have been participated in by it or not. The Obligor further agrees that in case the mislaid, lost, stolen or destroyed original or originals be found or come into the hands or power of any person, then the Obligor will forthwith, on demand, obtain and deliver to the Obligees either such original or originals or said new instrument or instruments or will pay to the Obligees the full market value thereof at such time. The Obligor agrees.that, in case of any default under the conditions of this, bond, it waives and releases any and all right or claim against Obligees or any of them, whether by way of subrogation or otherwise, for any Loss, expense or liability incurred by the Obligor caused by, based upon or arising out of the enforcement of this bond by Obligees or any of them. The Obligor agrees that its liability hereunder shall be absolute, subject only to the conditions herein expressed. THE AETNA CASUALTY AND SURETY COMPANY • • Attorney-in-Fact STATE OF CONNECTICUT ) SS.: COUNTY OF HARTFORD On the 8th. day of February, 1990 before me personally appeared Charlene A. Dean to me known, who being by me duly sworn, did depose and say: that she resides at Tolland, Connecticut and is an Attorney-in-Fact of THE AETNA CASUALTY AND SURETY COMPANY the corporation described in and which executed the foregoing instrument; that he knows the seal of said corporation; that the seal affixed to said instrument is such corporate seal; that it was so affixed by authority given by the Board_of Directors of said corporation and that she signed her name thereto by like authority. . o1/4„.\..J6 Notary Public in and for the above County a _State My Commission Expires March 314 1992 4 = t MAIL LUM Ar'r lIJA VIr., • • Details of Shipment U.S. Bank of Washington Mailed by: (Sender) 104 Bellevue Way NE, Bellevue, WA 98004 Place of Mailing: Bellevue, WA Date: 5-3-89 Mailed to: (Addressee) U.S U.S. BANK WWH 363 Coupon Collections Box 720 Seattle, Wa 98111 Certificate or Bond No.(s) and Number of shares or principal amount of bonds and/or coupons: Two coupons @ $500 each — numbers 9 — due 5/1/89 from bond nos. 369/70 Renton Washington Local Corporation or Issuer: Improvement District no. 302 dtd 5/1/80, 10% due 5/1/90 Class of Stock or • description of Issue: Registered in name of: If endorsed, indicate here: • AFFIDAVIT OF IN¢AILING STATE OF: COUNTY OF: The undersigned, deponent, being first duly sworn, deposes and says that, in accordance with the records of the above named Sender, the above described securities were forwarded by United States Mail on the date specified in a post. paid envelope addressed to the above named Addressee. The said Addressee has reported the non•deli'cry of the said securities. The securities have not been returned to the above named Sender and they are believed to have been lost or destroyed in the mails. Deponent agrees on behalf of above named Sender that if the securities should ever come into their hands,custody or power, deponent will immediately surrender the original securities for cancellation.• • Indicate here whether deponent is an officer, partner or employee of• Deponent',,unglue Sender. • Corporate Officer 704 Bellevue Way. N.E...Bellevue Wa98004 / Depooeat's address Subscribed and sworn to before me this t ''Y day of ,19 .09 Notary Publi (Indicate date commission expires) AFFIDAVIT OF NON-RECEIPT STATE OF: COUNTY OF: The undersigned deponent(s), being first duly sworn depose(s) and say(s) that the above described securities have never been received by the above named Addressee or any person or persons acting on (its) (his) (her) (their) behalf. Deponent(s) agrees (on behalf of the above named Addressee) that if the securities should ever come into (his) (her) (its) (their) custody or power, deponent(s) will immediately notify the above named Sender and will surrender the original securities for cancellation. If Addressee is a firm or corporation indicate here whether officer, partner ent(s) signature(,) or employee. A.V.P. 1414 Fourth Avenue Seattle WA 98111 Deponents) address (If more than one addressee or registered owner,all must sign) Subscribed and sworn to before me this C1 1 day of A-r,,� , .19 t? Notary P5bh (Indicate date commission expires) i r .RMCB-100 l 1`�1 c/ 1 ��_ AC iI] AUG _i G 19G9 CAD VATHE EETNA CASUALTY AND SURETY COMPANY a Hartford, Connecticut 06115 U FE&CASUALTY POWER OF ATTORNEY AND CERTIFICATE OF AUTHORITY OF ATTORNEY(S)-IN-FACT KNOW AU.MEN BY THESE PRESENTS,THATTHE.ETNA CASUALTY AND SURETY COMPANY,a corporation duly organized under the laws of the • State of Connection,and having its principal office in the City of Hartford,County of Hartford.State of Connecticut,hath made.constituted and appointed,and does by these presents make,constitute and appoint Charlene A. Dean - - of Hartford, Connecticut ,its true and lawful Attomeylsl-in-Fad•with full power and authority hereby conferred to sign.execute and acknowledge,at any place within the United States,or,if the following line be filled in,within the area there designated Canada ,the following instrument(el: by his/her sole signature and act,any and all bonds,recognizance'.contracts of Indemnity,and other writings obligatory in the nature of a bond. recognizance,or conditional undertaking,and any and all consents Incident thereto • and to bind THE/E'TNA CASUALTY ANO SURETY COMPANY,thereby as fully and to the same extent as if the same were signed by the duly authorized officer'of THE/ETNA CASUALTY AND SURETY COMPANY.and all the acts of said Attorneyis)-in-Face,pursuant to the authority herein given,.are hereby ratified and confirmed This appointment is made under end by authority of the following Standing Resolutions of said Company which Resolutions are now in full force and effect: VOTED:That each of the following officers:Chairman,Via Chairman,President,Any Executive Vice President.Any Senior Vita President.Any Vice President,Any Assistant Vice President,Any Secretary,Any Assistant Secretary.may from time to time appoint Resident Vice Presidents.Resident Assistant Secretaries.Attorneys-in-Fact.and Agents to act for and on behalf of the Company and may give any such appointee such authority as his certificate of authority may prescribe to sign with the Company's name and seal with the Company's seal bonds,recognizance'.contracts of indemnity,and other writings obligatory In the nature of a bond,recognizance,or conditional undertaking,and any of said officer'or the Board of Directors may at any time remove any such appointee and revoke the power and authority given him. VOTED:That any bond,recognizance.contract of Indemnity.waiting obligatory In the nature of a bond,recognizance.or conditional undertaking shall be valid and binding upon the Company when(a)signed by the Chairman,the Vice Chairman,the President,an Executive Via President,a Senior Via President a Vice President,an Assistant Vice President or by a Resident Vice President pursuant to the power prescribed in the certificate of authority of such Resident Vice President.end duly attested and sea ed with the Compan y's seal by a Secretary or Assistant Secretary or by a Resident Assistant Secretary,pursuantto the power prescribed In tha artlrteae of authority of such Resident Assistant Secretary;or I b)duly executed(under seal.if required)by one or more Atto meyadn-Fast pursuant to the power prescribed in his or their certificate or certificates of authority. This Power of Attorney and Certificate of Authority Is signed and sealed by facsimile under and by authority of the following Standing Resolution . voted by the Board of Directors of THE,ETNA CASUALTY AND SURETY COMPANY which Resolution is now in full force and effect: VOTED: That the signature of each of the following officers:Chairman.Via Chairman,President.Any Executive Vice President,Any Senior Vice President Any Via President Any Asaistsnt Vice Prseidant,Any Secretary.Any Assistant Secretary,and theses of the Company may be affixed by facsimile to any power of attorney or to any certificate relating thereto appointing Resident Vice Presidents,Resident Assistant Secretaries or Anomeys-in-Faa for purposes only of executing and attesting bonds and undertakings and otherwritings obligatory in the nature thereof,and any such power of attorney or certificate bearing such facsimile signature o►facsimile seal shall be valid and binding upon the Company and any such power so executed and certified by such facsimile signature and facsimile sae shall be valid and binding upon the Company in the future with respect to any bond or undertaking to which it is attached. IN WITNESS WHEREOF,THE.ETNA CASUALTY AND SURETY COMPANY has caused this instrument to be signed by its Assistant Vday ,19 89ce President .and its corporate sail to be hereto affixed this 10th de January ¼ i) C� • CE14LL�Lr. State of Connecticut J .eph . Ki•.enan a Hanford Assistant Vice President County of Hanford ) . • On this 10th day of January 19 89 before me personally cams JOSEPH P. KIERNAN to me known.who,being by me duly sworn,did depose and say:that he/she is Assistant Vice President of THE.ETNA CASUALTY AND SURETY COMPANY.the corporation described in and which executed the above instrument:that ha/she knows the seal of said corporation;thatthe seal affixed to the said instrument is such corporate seal:and that he/she executed the said instrument on behalf of the corporation by authority of his/her office under the Standing Resolutions thereof. (,,,,.io."7-7'') • . t`+,�w,�,, " My comma aspires Mach 31,19 91 J tary Public George A. Perry, Jr. CERTIRCATE • I,the undersigned. Secretary of THE/ETNA CASUALTY AND SURETY COMPANY,a stock corporation of the State of Connecticut,DO HEREBY CERTIFY that the foregoing and attached Power of Attorney and Certificate of Authority remains in full force and ha not ban revoked:and furthermore,that the Standing Resolutions of the Board of Directors,as set forth in the Certificate of Authority,are now in fora. Signed and Sealed at the Home Office of the Company,in the City of Hartford State f icut Dated this 8th day of • February .te90 am_ _ / �1 G(,J IlL := ohn W. Welch, Secretary .is-1921-El(MI 3.79 ""� .. PRINTED IN USA. THE AETNA CASUALTY AND SURETY COMPANY HARTFORD. CONNECTICUT 06156 FINANCIAL STATEMENT AS OF DECEMBER 31, 1988 CAPITAL STOCK $ 25,000,000 ASSETS I LIABILITIES CASH & INVESTED CASH $ 206,103,149 UNEARNED PREMIUMS $ 1.562.845,065 BONDS 5,039,023,162 LOSSES 5,900,416,793 STOCKS 2,222,926,128 LOSS ADJUSTMENT EXPENSES 1.003,372.762 MORTGAGE LOANS 1.586,669,057 ACCRUED EXPENSES AND OTHER REAL ESTATE 69,912,505 LIABILITIES 912,739,438 INVESTMENT INCOME DUE ! FEOERAL INCOME TAXES 5,032,000 AND ACCRUED 126,747,059 PREMIUM BALANCES 1.308,149,770 TOTAL LIABILITIES 9,284,406,058 OTHER ASSETS 1,072,356,209 SURPLUS FUNDS 46,642,095 CAPITAL STOCK 25,000,000 PAID IN SURPLUS 1,103,627,782 OTHER SURPLUS 1,172,911,104 SURPLUS TO POLICYHOLDERS 2.348,180,981 TOTAL ASSETS $11,632,587,039 TOTAL $11,632,587,039 STATE Of CONNECTICUT ) COUNTY OF HARTFORD )SS. CITY OF HARTFORD ) SONALD V. FOISY, BEING DULY SWORN, SAYS THAT HE IS AN ASSISTANT VICE PRESIDENT, CORPORATE ONTROLLERS OF THE AETNA CASUALTY AND SURETY COMPANY, AND THAT TO THE BEST OF HIS KNOWLEDGE AND :ELIEF, THE FOREGOING IS A TRUE AND CORRECT STATEMENT OF THE FINANCIAL CONDITION OF SAID OA?ANY AS OF THE 31ST DAY OF D£CEMBfR, 1988. // ASSISTANT ViCFlai.M+ifl . CORPORATE CONTROLLERS SUBSCRIBED AND SWORN TO BEFORE ME THIS "�°;,41�t. eJidAt" . 'v --.. �� NOTARY PUBLIC .3 G DAY OF MARCH, 1989 MY COMMISSION EXPIRES MARCH 31, 1 91 AA, Ia:, .4 ,; .....::.4.: , m.a�� - FEB 2 0 '90 :, •, A i rF , t DEC 1 ' 88, : 53 SEATTLE NORTHWEST PAGE . 8.2 LOCAL IMPROVEMENT DISTRICT WORKSNEET - LID Name and Number: LIND AVE. S.W., S.W. 41st ST. ee S.W. 34th ST. #302 Created by City Council on MARru ia, ima (date) by Ordinance # Ins . Purose: STREET IMPROVEMENT INCLUDING ALL APPORTENANCES Location: LIND AVE, S.W. . Total Cost: $6,060,376.48 . City Participation: -a- Tote-Assessment Roll : $6,060.376.48 • . Amount of Prepayments: • Amount of Bond Issue: Number of Annual Payments on Assessments: r„ I $ InterestRate on Assessments: �► Rate per Assessable Unit of frontage and/or square footage: See Attached Assessed Value of.LID: Land 40,760.00 Improvements 506.600.A0 Total $4,647«360.00 Base on 1g78 Which is Latest we have ave►i1ab1e Date 30 Da.v prepayment Period Expired: . Number of Ppner Parcels in LID: ., 41.3 Iype of Area and Zoning in LID: M.P. Manufacturing Park Percentage Developed within LID: 18 Assessments Outstaindina_in LID. for _other LID's: _0_ Amount of Delinquent Assessments in LID for other LID's: _0_ • Size of LID in acres: 397 Acres • Map of LID if Available: Attached City Financial Information: AssessedValuatignof City: . *1,079,489,821.00 • Outstanding Bonds: 1-31-80 General Obligation Bonds: 1,445,000.00 Revenue Bonds: 4,235,00a.00 LID Bonds and Notes: 1,631,o31,oa Balance of LID Guaranty__Fund: 62,468.00 1111 seattle- northwest ■ secu ritieorporati on 500 Union Street- Seattle, Washington 98101 (206)628-2853 .-� rK.STATEMENTS CONTAFNtO HEREIN, ALTHoudry ourrArigg4 FROM RGLiAstS SOURCE., ARt NOT dUARANYEtD SY US r- ROBERTS & SHEFELMAN • (ROBERTS. SHEFELMAN, LAWRENCE, GAY & Moen) COUNSEL 4100 SEAFIRST FIFTH AVENUE PLAZA - OF COUNSEL HAROLD S. SHEFELMAN WII.1.[.\FI N. APPEL 800 FIFTH AVENUE ROGER W. DUISHOCI(• JAMES GAY ROGER L. HUnSON• SEATTLE, WASHINGTON 98104 • ROBERT G. MocH DAVID B. BURRY RETIRED G EORGF \I 'f tCK BLAIR B. BURROUGHS (200) 622-1818 TELEX 32-10:12 VICTOR 1). LAWRENCE BRIAN L. COMSTOCK LINDA R. RADOFF JAMES C. IIARPF.R TIMOTHY R. CLIFFORD PAUL W. KOVAL• TELECOPIER - (208) 624-2668 LEE R. VOORIIEES, JR. KAREN S. WATTS • • JAMES P. WF.TNR (1877-1059) DAVII> B. SWEENEY JUDITH A. SHI LMAN • P. H. ROBERTS (1880-1974) WII.LIAM G. TONKIN WALTER T. FEATHEHLY III• DAS'ID A. BENNETT' MICHAEL H. RORICK •ROBERT II. CAMPRELL AMY H. GALLAGHER • - ANCHORAGE OFFICE ROBERT G. JIVLLF.N UOR F.•• ROSEMARY.P. IIAFFNEK• SUITE 1'S00 GARY N. ACKERMAN DEAN E. JOHNAON • 2550 DENALI STREET ROGER A. \IYKLERUAT MICHAEL D. KUNT2 ANCIIGH♦\(i F., AL.\AKA 99503 DIANE D. KENNY EDWIN D. RAUZ[ _ '(907) 270-1358 Jos W. MACLEOn EMILY C. VRIEZE • TRLF;COPIER - (907) 27.3-A3:1`.'. PAUL L. AHERN. JR. BENNF.T A. MCCONAVOHY December 2 9 1981 TERE.SA V. BIGELOW / • ALASKA BAR •• ALASKA AND WASHINGTON BARS • ALL(YCFIEHA WASHINGTON BAR ONLY • • • • Mr. Lawrence J. .Warren City Attorney . City of Renton P. O. Box 626 ' I Renton, WA 98055 • • . Re: Renton v. BEMP Associates, et al. • • • King County Cause No. 81-2-11419-9 • • • Dear Mr. Warren: Enclosed is the letter which we have received from counsel for the defendants outlining the terms of the settlement of this lawsuit. As we agreed, I have informed counsel that the payment should be made directly to the City of Renton. . We anticipate bringing the motion concerning. attorney' s fees in January and I will keep you advised. In the meantime, if you should have any questions, please. contact me. • • Very truly yours, • ROBERTS & SHEFELMAN • • 'Blair B. Burroughs • BBB:kb,s cc: vlqr.. Ted Bennett • Mr. Steven Hale . Enclosure • • CABLE,BARRETT, LAN GENBACH a MCINERNEY ATTORNEYS AT LAW DONALD A.CABLE,P.S. (206) 464-1900 PAUL A.BARRETT,P.S. 1900 FOURTH & BLANCHARD BUILDING ' EDWARD R.LANGENBACH,JR.,P.S. 2121 FOURTH AVENUE WILLIAM K.MCINERNEY,JR.,P.S. STEVEN W.HALE,P.S. SEATTLE.WASHINGTON 98121 ROBERT J.HENRY,P.S. WESLEY N. EDMUNDS,JR. M.COLLEEN KINERK THOMAS L.GILMAN GRANT KINNEAR JOHN G.BAUER • ROBERT F.BAKER December 23, 1981 BARRY G.ZIKER KATHLEEN KIM COGHLAN • Mr. Blair Burroughs • HAND DELIVERED Roberts & Shefelmann • DECEMBER 23 , 1981 4100 Sea-First Avenue Bldg. 800 Fifth Avenue Seattle, WA 98104 Re: Renton v. BEMP Associates, et al. King County Cause No. 81-2-11419-9 Dear Blair: . This letter confirms our agreement today to settle the above-referenced litigation on the following terms •and "conditions : 1. Our clients , Messrs. Easter, Bennett, Partin and • McCann, will pay 50% of the LID •assessments due on parcels 19 and 20 on or before December 31 , 1981 . This computes . to be $16 , 493. 58 for each parcel for a total payment on or before December 31, 1981 , of $32, 987. 16. 2. The remaining 50% of the LID assessment due, which equals $32 , 987. 16, will be paid on or before March. 1, 1982. 3. Said sums will be paid either into the court or to you, as you may direct. • • 4. ' The cause number in this action shall remain intact, . however, if the LID assessments for parcels 19 and 20 due • on April 10 , 1982 , are paid in full within the thirty day statutory grace period, then this cause of action shall be dismissed. 5. We agree to resolve our. difference of opinion as to whether the City is entitled to any attorney' s fees in this action by appearing on the motions calendar in January, 1982, at a mutually convenient time. t ' Page two December 23, 1981 Mr. Blair Burroughs Please advise me as soon as possible where you would like the $32 , 987 .16 paid. Thank you for your cooperation in this matter. Sincerely, Steven W. SWH:dlm cc: Mr. Patrick T. Easter Mr. Del Bennett Mr. Marcus Partin Mr. Jack McCann • 2 3 • 4 IN THE SUPERIOR COURT OF THE STATE OF WASHINGTON FOR KING COUNTY 5 CITY OF RENTON, a municipal ) 6 corporation, ) NO. 81-2-11419-9 7 Plaintiff, ) SUMMONS BY PUBLICATION TO 8 v. • ) UNKNOWN DEFENDANTS , HEIRS , AND CLAIMANTS 9 MILDRED M. SUMMERS and JOHN DOE ) SUMMERS; BEMP ASSOCIATES, a ) 10 Washington general partnership; ) PATRICK T. EASTER and ROSEMARY ) 11 EASTER; DELBERT C. BENNETT and ) BETTE BENNETT; JACK K. McCANN ) 12 and MARY McCANN; MARCUS K. ) PARTIN and JANE DOE PARTIN; ) 13 KEITH L. SUMMERS and JANE DOE ) SUMMERS; ROBERT WILLIAM EDWARDS ) 14 and JANE DOE EDWARDS ; FRANK ) EDWARDS, JR. , and JANE DOE ) 15 EDWARDS ; and COMSTOCK REALTY ) COMPANY, a Washington corpora- ) 16 tion; THE UNKNOWN HEIRS OF JOHN ) DOE, DECEASED; THE UNKNOWN HEIRS ) 17 OF MARY DOE, DECEASED; ALSO ALL ) OTHER PERSONS OR PARTIES UNKNOWN ) 18 CLAIMING ANY RIGHT, TITLE, ESTATE, ) LIEN, OR INTEREST IN THE REAL ) 19 ESTATE DESCRIBED IN THE COMPLAINT, ) 20 Defendants. ) 21 22 THE STATE OF WASHINGTON TO: 23 The unknown heirs of John Doe, deceased; the unknown heirs of 24 Mary Doe, deceased; also all other persons or parties unknown 25 claiming any right, title, estate, lien, or interest in the real 26 estate described in the complaint. 27 YOU ARE HEREBY SUMMONED to appear within sixty (60) days after 28 the date of the first publication of this Simmons, to-wit: within 29 sixty (60) days after October 29, 1981, and defend the above- 30 entitled action in the above-entitled court and answer the com- Summons by Publication to Unknown ROBERTS&SHEFELMAN Defendants, Heirs, and Claimants - 1 4100 SEA 800 FIFIFTH AVENUE PLAZA 00 FFTH AVENUE SEATTLE,WASHINGTON 98104 (206)622-1818 4 1 i.laint of the plaintiff, and serve a copy of your answer upon the 2 undersigned attorneys for plaintiff, at their office below stated. 3 And, in case of your failure to do so, judgment will be ren- 4 dered against you according to the demand of the complaint, which 5 has been filed with the Clerk of said Court. 6 The purpose of this action is to foreclose a local improve- 7 lent district lien on the following described real property in King 8 County, Washington: 9 The North half of the Southwest Quarter of the Southwest Quarter of Section 19, Township 23 10 North, Range 5 , except the East 40 feet thereof condemned by the City of Renton in King County 11 Superior Court Cause No. 847917 for Lind Avenue S.W. 12 The South half of the Southwest Quarter of the 13 Southwest Quarter of Section 19, Township 23 North, Range 5 East, W.M. , in King County, Wash- 14 ington; except the East 40 feet thereof condemned by the City of Renton of King County Superior 15 Court Cause No. 847917 for Lind Avenue S.W. 16 DATED this ,7)9. day of Di2 �� , 1981. 17 18 lair B. Burroughs ;r4 19 Attorneys for Plainti 20 21 22 23 24 25 26 27 28 29 30 Summons by Publication to Unknown ROBERTS&SHEFELMAN 4100 SEA FIRSTF AVENUE PLAZA Defendants, Heirs, and. Claimants - 2 800 FIFTHH AVENUE SEATTLE,WASHINGTON 98104 (206)622-1818 gaTTS . 1 IN THE SUPERIOR COURT OF THE STATE OF WASHINGTON 2 IN AND FOR THE COUNTY OF KING 3 • 4 CITY OF RENTON, a municipal ) 5 corporation, ) 6 Plaintiff, ) NO. 81-2-11419-9 vs. ) 7 8 MILDRED M. SUMMERS and JOHN DOE ) ANSWERS AND COUNTERCLAIMS SUMMERS; BEMP ASSOCIATES, a ) OF DEFENDANTS EASTER, 9 Washington general partnership; ) BENNETT, McCANN, PARTIN PATRICK T. EASTER and ROSEMARY ) AND COMSTOCK REALTY COMP' 10 EASTER; DELBERT C. BENNETT and. ) BETTE BENNETT; JACK K. McCANN and ) . 11 MARY McCANN; MARCUS K. PARTIN and ) JANE DOE PARTIN; KEITH L. SUMMERS ) 12 and JANE DOE SUMMERS; ROBERT ) WILLIAM EDWARDS and JANE DOE . ) 13 EDWARDS; FRANK EDWARDS, JR. , and ) JANE DOE EDWARDS; and COMSTOCK ) `14 REALTY COMPANY, a Washington ). corporation; . THE UNKNOWN HEIRS OF ) 15 JOHN DOE, DECEASED; THE UNKNOWN ) HEIRS OF MARY DOE, DECEASED; ALSO ) . 16 • ALL OTHER PERSONS OR PARTIES ) UNKNOWN CLAIMING ANY RIGHT, TITLE, ) 17 ESTATE, LIEN OR INTEREST IN THE ) REAL ESTATE DESCRIBED IN THE ) , 18 COMPLAINT, ) ) k , 19 Defendants. ) 20 COME NOW defendants Patrick T. Easter and. Rosemary Easter, 21 Delbert C. Bennett and Bette Bennett, Jack K. McCann and Mary 22 McCann, Marcus K. Partin and Comstock Realty Company and allege in 23 • answer to plaintiff's Complaint as follows: 24 I . 25 ANSWER TO SECTION I OF COMPLAINT 26 (PARCEL NO. 19) • 27 1. Paragraph 1 is admitted. 28 2. Paragraphs .2.2, 2.3, 2:4 and 2.7 are admitted. . Para-. 29 graph 2 .5'" is admitted except that Marcus K. Partin is a single -30 ANSWER AND COUNTERCLAIM - 1 CABLE.BARRETT.LANGENBACH&McINERNEY ATTORNEYS AT LAW SWH1I 1900 FOURTH&BLANCHARD BUILDING SEATTLE,WASHINGTON 98121 • (206)464-1900 • 1 man. These defendants lack sufficient information to ascertain 2 the truth of the allegations contained in paragraphs 2.1 and 2.6 . 3 and therefore deny the same. Paragraph 2.8 is denied. 4 3. Paragraphs 3.1, 3.2, 3 .3, 3 .4, 3 .5 and 3.6 are denied. 5 4. Answering paragraph 4, these defendants admit that each 6 of them claim some right, title, interest, lien or estate in the 7 real property described in paragraph 3 .3 but deny that their 8 interest in the property is subordinate or subject to the assess- 9 ment lien of the City of Renton. The remainder of paragraph 4 is 10 denied. • 11 5. Paragraph 5 is denied. . 12 6. Answering paragraph 6, these defendants are without 13 sufficient knowledge to ascertain the truth of the allegations '14 contained therein and therefore deny the same. 15 7. Paragraph 7 is denied. 16 8. Paragraphs 8.1 and 8.2 are denied. Answering para- 17 graph 8.3, these defendants admit that the redemption p period from 18 an LID . foreclosure is two years pursuant to RCW 35.50.190, but 19 deny such is appropriate ppropriate here since these-defendants deny • 20 that foreclosure is available to plaintiff. Paragraphs 8.4 and 21 8.5 are denied. 22 II . 23 ANSWER TO SECTION II OF COMPLAINT 24 (PARCEL NO. 20) 25 9. Paragraph 1 is admitted. • 26 10. Paragraphs 2.3, 2.4, 2.6 and 2 .8 are admitted. Para- 27 graphs_ 2.5 and 2.7 are admitted except that Marcus K. Partin is a 28 single man and Comstock Realty Company is not a corporation. 29 These defendants lack sufficient information to ascertain the -30 ANSWER AND COUNTERCLAIM - 2 ' CABLE,BARRETT.LANGENBACH&McINERNEY ATTORNEYS AT LAW SWH1I 1900 FOURTH&BLANCHARD BUILDING SEATTLE,WASHINGTON 98121 (206)464-1900 ER id T.f27:57 DESK OF • cz e7scgle . „ I , I 6/15/81 ..s. • \ TED: .. • • • • \ ".•,7:11.',. • RE: DELIQUENT PAYMENTS LID 302 (PARCELS 19 & 20), • , • , ; ..411•0 Blair Burroughs of Roberts Shuffleman called this • ' date to see if payment had been received on above x - , referenced parcels. Per Edna - no payment received ••• asof 6/15: Mr: Burroughs will proceed, on foreclosure of same Mr. Burroughs telephone # 622-1818 : • , ; , • . . • . ; . - • 1,••••.:`..., - • • , • . " , : • , BERTS & SHEFELMASN - 4100 SEAFIRST FIFTH AVENUE PLAZA 800 FIFTH AVENUE SEATTLE, WASHINGTON 98104 (206) 622-1818 October 15, 1981 W. E. Bennett, Finance Director City of Renton 200 Mill Avenue South. Renton, WA 98055 City of Renton -0:41D 302)Foreclosure Cost and Disbursements from July 1, 1981 through September 30, 1981, as follows: Pioneer Title Insurance $484 . 84 17 .00 Recording Fees Filing Fee 70 . 00 2 .40 Photocopies 196.'75 Service of Process Fees $770 . 99 TOTAL AMOUNT DUE BBB:kbs C'.-ARTER 1,6, LAVV'S OF I 965 C ' OF FENTCN CFR Pa F. CATION J, THE UND%ErISIGKED DO 4EFIEBY SERTIPY UNDE3 PENALTY OF PEN.A.:Fc+. MATEHIALS HAVE DEEN FURNISHED, THE SER?,ICES O't THE Li.9,OR PERFORMED AS DEscmsED HEF;E•i;4, AH,:; .TRAT THE CLAIM IS A Jii;;T, DUE AND UNPAID DULINt,TION AC.M./F3T 'THE CITY OF RENTON, AND THAT I AM itUTH.ii:::ED TO Autt,IIN111CATC AND CEtilIFY TO SAID CLAIM. ROBERTS & SHEFELMAN (ROBERTS, SHEFELMAN, LAWRENCE, GAY & MOCH) COUNSEL 4100 SEAFIRST FIFTH AVENUE PLAZA OF COUNSEL HAROLD S.SHEFELMAN WILLIAM N.APPEL 800 FIFTH AVENUE ROGER W.DUBROCK• JAMES GAY DIANF.D.KENNY SEATTLE, WASHINGTON 98104 ROBERT G.MOCH JON W.MACLEOD JAMES P.WETER(1877-1959) GEORGE M.MACK PAUL L.AHERN.JR. F.M.ROBERTS(1880-1973) BRIAN L.COMSTOCK TERESA V.BIGELOW (206) 622-1818 TIMOTHY R.CLIFFORD ROGER L.HUDSON• LEE R.VOORIIEES.JR. DAVID B.BUKEY ANCHORAGE OFFICE DAVID B.SWEENEY BLAIR B.BURROUGHS SUITE 1500 WILLIAM G.TONKIN LINDA R.RADOFF 2550 DENALI STREET DAVID A.BENNETT PAUL W.ICAVALe ANCHORAGE. ALABKA 99503 ROBERT H.CAMPBELL KAREN S.WATTS (907) 276-1358 ROBERT G.MULLENDORE•• JUDITH A.SHULMAN GARY N.ACKERMAN WALTER T.FEATHERLY III• TELECOPIERS ROGER A.MYKLEBUST MICHAEL H.RORICK SEATTLE (206)624-2809 AMY H.GALLAGHER ANCHORAGE (907)272-8332 •ALASKA BAR ••ALASKA AND WASHINGTON BARS October 15 1981 ALL OTHERS WASHINGTON BAR ONLY Mr. W. E. Bennett Finance Director City of Renton Municipal Building 200 Mill Avenue South Renton, WA 98055 Re: City of Renton v. Summers - Foreclosure LID No . 302 Dear Mr. Bennett: Enclosed is a copy of the answer and counterclaim which we received on behalf of defendants Easter, Bennett, McCann, Partin and Comstock Realty Company. As we discussed on the telephone, the main difficulty the property owners seem to have is with regard to a fill permit on the subject property. I would appre- ciate it if you could talk with your people about this situation and get back to me with whatever you determine. Very truly yours, ROBERTS & SHEFELMAN a,.7 e Blair B. Burroughs BBB:kbs enclosure er:Lt'46°/ • • ) ) 1 ) 2 • ) 3 (Copy Receipt) ) ' (Clerk's Date Stamp) 5 • IN THE SUPERIOR COURT OF THE STATE OF WASHINGTON FOR THE COUNTY OF ' King 6 7 CITY OF RENTON, a municipal corporation, ) • , Plaintiff(s) ) NO. 81-2-11419-9 9 = ) VS ) NOTE FOR CIVIL MOTION DOCKET 10 MILDRED M. SUMMERS, et ux., et al., ) . 11 12 ) . . Defendant(s) ) 13 ) 14 TO: THE CLERK OF THE COURT, and • 15 TO: . Mildred M. Summers, et ux. , et al., and 16 TO: All Counsel of Record TO: 17 i8 PLEASE TAKE NOTE that an issue of law in this case will be heard on the date 19 below and the Clerk is requested to note this issue on the civil motion docket for 20 that day. S 21 DATE OF HEARING: December 14, 1981 TIME OF HEARING: 10:30 a.m. 22 PLACE OF HEARING: King County Courthouse 23 NATURE OF MOTION: Motions for Summary Judgment and to Strike Counterclaim �4 ROBERTS & SHEFELMAN • DATED: December 3., 1981 By 25 Q� . Blair B. Burroughs 26 List of Names and Addresses of all . Attorney for Plaintiff attorneys on reverse side. ROBERTS&SHEFELMAN. 4100 SEAFI,IST'FIFTH„1.2•dS p A EES Note for Civil Motion Docket 6,4 Fi;TM AyZ,,Ue 1 /81 ' - SEATTLE.WASH NGTON 9a100 :20??22.12•4 Albert F. Douglas 33120 Pacific Hwy. S. • • • Federal Way, WA 98003 Steven W. Hale 1900 Fourth & Blanchard Bldg. • Seattle, WA 98121 • M. E. Sutton 3600 One Union Square Seattle, WA 98101 1 2 3 4 IN THE SUPERIOR COURT OF THE STATE OF WASHINGTON FOR KING COUNTY 5 CITY OF RENTON, a municipal ) • 6 corporation, ) 7 Plaintiff, ) 8 v. ) NO. 81-2-11419-9 9 MILDRED M . SUMMERS and JOHN ) MOTIONS FOR SUMMARY DOE SUMMERS; BEMP ASSOCIATES, ) JUDGMENT AND TO STRIKE 10 a Washington general partnership; ) COUNTERCLAIM PATRICK T. EASTER and ROSEMARY ) 11 EASTER; DELBERT C. BENNETT and ) BETTE BENNETT; JACK K. McCANN ) 12 and MARY McCANN; MARCUS K. PARTIN ) and JANE DOE PARTIN; KEITH L. ) . 13 • SUMMERS and JANE DOE SUMMERS; ) ROBERT WILLIAM EDWARDS and ) 14 JANE DOE EDWARDS; FRANK EDWARDS, ) JR. and JANE DOE EDWARDS; and ) 15 COMSTOCK REALTY COMPANY, a ) Washington corporation; THE ) 16 UNKNOWN HEIRS OF MARY DOE., ) DECEASED; ALSO ALL OTHER PERSONS ) 17 OR PARTIES UNKNOWN CLAIMING ANY ) RIGHT, TITLE, ESTATE, LIEN, OR ) 18 INTEREST IN THE REAL ESTATE ) DESCRIBED IN THE COMPLAINT. ) 19 ) Defendants. ) 20 ) . 21 Plaintiff City of Renton moves for an order of summary 22 • judgment in its favor under CR 56. The basis for this motion is 23 that the defenses to foreclosure raised by defendants are barred 24 by RCW 35. 44.190 . Summary judgment is appropriate because there 25 are no material issues of fact. The City of Renton is entitled to 26 summary judgment as a matter of law. 27 Plaintiff City of Renton also moves for an order striking 28 defendants' counterclaim under CR 12( f) . As a matter of law, a 29 counterclaim for damages may not be asserted in an action to 30 foreclose a lien for local improvements. MOTIONS FOR SUMMARY JUDGMENT AND TO. STRIKE COUNTERCLAIM - 1 ROBERTS&SHEFELMAN 4100 SEAFIAST FIFTH AVENUE PLAZA B00 FIFTH AVENUE SEATTLE.WASHINGTON 98101 (208)622.1818 1 This motion is based upon the records and files in this 2 cause the affidavit of Delores A. Mead in Support of Plaintiff's 3 Motion for Summary. Judgment, and the Memorandum in Support of 4 Motions for Summary Judgment and to Strike. 5 DATED: _J oCJatp2,14.!_L.._/d/ 6 ROBERTS & SHEFELMAN 7 8 By air B. Burroughs 9 Attorneys for Plai iff 10 11 12 13 14 15 16 17 18 19 20 . 21 22 23 24 25 26 27 28 29 30 MOTIONS FOR SUMMARY JUDGMENT AND TO STRIKE COUNTERCLAIM - 2 BBB10A1 ROBERTS&SHEFELMAN 4100 SEAFIRST FIFTH AVENUE PLAZA 800 FIFTH AVENUE SEATTLE„WASHINGTON 98104 1206)622.1818 1 2 3 4 5 IN THE SUPERIOR COURT OF THE STATE OF WASHINGTON FOR KING COUNTY 6 CITY OF RENTON, a municipal ) 7 corporation, ) 8 Plaintiff, ) 9 v. ) NO. 81-2-11419-9 10 MILDRED M. SUMMERS and JOHN ) MEMORANDUM IN SUPPORT DOE SUMMERS; BEMP ASSOCIATES, ) OF MOTIONS FOR SUMMARY 11 a Washington general partnership; ) JUDGMENT AND TO STRIKE PATRICK T. EASTER and ROSEMARY ' ) 12 EASTER; DELBERT C. BENNETT and ) BETTE BENNETT; JACK K. McCANN ) 13 and MARY McCANN; MARCUS K. PARTIN ) . and JANE DOE PARTIN; KEITH L. ) 14 , SUMMERS and JANE DOE SUMMERS; ) ROBERT WILLIAM EDWARDS and . ) 15 JANE DOE EDWARDS; FRANK EDWARDS, ) JR. and JANE DOE EDWARDS; and ) 16 COMS.TOCK REALTY COMPANY, a ) - Washington corporation; THE ) 17 UNKNOWN HEIRS OF MARY DOE, ) DECEASED; ALSO ALL OTHER PERSONS ) 18 OR PARTIES UNKNOWN CLAIMING ANY ) RIGHT, TITLE, ESTATE, LIEN, OR ) 19 INTEREST IN THE REAL ESTATE ) DESCRIBED IN THE COMPLAINT. ) . 20 ) Defendants. ) 21 ) 22 . The City of Renton ( "City" ) submits this memorandum in 23 support of its motions for summary judgment and to strike. The 24 City is entitled to have its motions granted as a matter of law. 25 The motion for summary judgment should be granted because defen- 26 dants have not raised a cognizable defense under RCW 35.44 .190 . 27 The motion to strike should be granted because no counterclaim may 28 29 be set up in an action to enforce an assessment to pay for a local 30 improvement. MEMORANDUM IN SUPPORT OF MOTIONS FOR SUMMARY JUDGMENT AND TO STRIKE '- 1 ROBERTS a SHEFELMAN 4100 SEAFIRST FIFTH 4VENUE PLAZA B00 FIFTH AVENUE - SEATTLE,WASHINGTON 98104 (206)622-IBIS • 1 I . '. FACTS 2 In 1977 , the Renton City Council declared its intention to 3 form a local improvement district. ('"LID" ) ' to construct certain 4 street improvements, including grading , draining, curbs, gutters,. 5 sidewalks, street lights, and underground utilities. Notice. was 6 provided to affected property owners and hearings were held .on 7 formation. Defendants Robert and Frank Edwards and Mildred 8 Summers protested the formation, but the total number of protests 9 was insufficient to devest the City of its jurisdiction to proceed . 10 LID No. 302 was established by Ordinance No. 3202 in March of 1978 .• . 11 The improvements ordered for LID No. 302 were completed in 12 early .1980 . ' At this time the final assessment roll for LID No. 13 302 was drawn up and notice of the hearing to confirm the final 14 assessment roll was published and mailed to the 'affected property • 15 owners. Defendant Delbert C. Bennett appeared at the hearing on 16 behalf of himself and BEMP Associates. - 17 The final assessment roll for LID No. 302 was confirmed by 18 Ordinance No. 3402, which became effective on March 12 , 1980 . No 19 property owner appealed from the order of confirmation in the 20 manner or within the time required by RCW 35.44 .200-. 240 (all 21 relevant statutes are appended to this memorandum) . The assess 22 ments are now liens against the property within the LID. 23 • The first annual installment for the localimprovement 24 assessments was due on April 10 , 1981. Although demands have been 25 made, no payment has been received for LID parcels 19 and 20 . The 26 rights or interests which each of the defendants claims in these 27 respective parcels are set forth in the complaint to foreclose the 28 LID liens. Facts relating to the formation of LID No. 302, the 29 confirmation of the final assessment roll , and the delinquent . 30 installments are set forth in the affidavit of Delores A. Mead. • MEMORANDUM IN SUPPORT OF MOTIONS FOR SUMMARY JUDGMENT AND TO STRIKE - 2 ROBERTS&SHEFELM AN _ 4100 SEAFIRST FIFTH AVENUE PLAZA • B00 FIFTH AVENUE SEATTLE.WASHINGTON 98104 (206)622 1818 1 In response to the City' s complaint, defendants have raised 2 several affirmative defenses and a counterclaim. None of these 3 allegations is sufficient to defeat the City' s right to foreclose 4 the local improvement liens. 5 II. DEFENDANTS HAVE NOT RAISED A DEFENSE TO FORECLOSURE WHICH IS 6 RECOGNIZED BY LAW. 7 Assessment proceedings are special in character and an attack 8 on an assessment must, therefore, be taken in strict conformity 9 with the local improvement statutes. See, Lansinger v. Local, 10 Improvement District 6368 , 80 Wn. 2d 254, 261, 493 P.2d 1008 11 ( 1972 ) ; Goetter v. City of Colville, 82 Wash. 305, 306, 144 P. 30 12 (1914 ) . . 13 The statutorily prescribed method for attacking an assessment. 14 roll. or the liens thereby created is by way of an assessment 15 , appeal under RCW 35. 44.200-. 240 . Lansinger v. Local Improvement ' 16 District 6368 , supra at 261 . The legislative purpose is to pro • - 17 vide a speedy and adequate remedy to any person feeling ' aggrieved 18 by the action of the City and, at the same time, to prevent such a 19 person from harrassing the City with lengthy or untimely litig a- 20 tion. King County v. Mercer Island Sewer District, 69 Wn.2d 958, 21 960, 421 P.2d 682 (1966) ; Wheeler v. Ronald Sewer District, 58 22 Wn. 2d 444, 446, 364 P.2d 30 (1961 ) . . 23 It is uncontroverted that no property owner took an appeal 24 from the actions of the Renton. City Council confirming the final 25 assessment roll. The consequence of this failure is dictated by 26 RCW 35.44.190 : 27 Whenever any assessment roll for local improve- 28 ments has been confirmed by the council , the regularity, validity, and correctness of the proceedings relating to 29 the improvement and to the assessment therefor, includ ing the action of the council upon the assessment roll 30 MEMORANDUM IN SUPPORT OF MOTIONS FOR SUMMARY JUDGMENT AND TO STRIKE - 3 ROBERTS 4 SHEFELMAN 4100 SEAFIRST FIFTH AVENUE PLAZA B00 FIFTH AVENUE SEATTLE.WASHINGTON 98104 1200 622.1818 1 and the confirmation thereof shall be conclusive in all things upon all parties. They cannot in any manner be 2 contested or questioned in any proceeding by any person unless he filed written objections to the assessment 3 roll in the manner and within the time required by the provisions of this chapter and unless the time required 4 by the provisions of this chapter and unless he prose- cutes his appeal in the manner and within the time 5 required by the provisions of this chapter. 6 No proceeding of any kind shall be commenced or prosecuted for the purpose of defeating or contesting 7 any assessment or the sale of any property to pay an assessment or any certificate of delinquency issued 8 therefor, or the foreclosure of any lien• therefor, except that injunction proceedings may be brought to • 9 prevent the sale of any real estate upon the ground (1) that the property about to be sold does not appear uport. 10 the assessment roll or, (2) that the assessment has been paid. 11 (Emphasis ours. ) 12 The purpose of RCW 35.44.190 is to restrict equitable proceed- 13 • ings formerly available to property owners. 14 The remedy the property owners had against an illegal , 15 and erroneous assessment was by an action on the equity side of the court to set aside the assessment, or by way 16 of defense, in an action by the city seeking foreclosure of the assessment lien. 17 18 The effect of this law, insofar as we are here concerned 19 with its provisions, is only to change the method of procedure by which the property owner may assert. his 20 rights against an erroneous or void assessment. 21 In re Local Improvement Sewer District No. 1, 84 Wash. 565, 22 567-68, 147 P. 199 (1915) (emphasis ours) . 23 Our courts have uniformly held that property owners are 24 required by law to appeal from the decision of the city council 25 confirming the assessment roll or abide the decision of the 26 council as final against them. This is so whether the property 27 owner has sought to bring an untimely attack or attempted to raise 28 defenses to a suit to foreclose the assessment lien. The case of 29 Town of Brewster v. Hamilton, 138 Wash. 652, 244 P. 973 (1926) , is 30 representative. MEMORANDUM IN SUPPORT OF MOTIONS FOR SUMMARY JUDGMENT AND TO STRIKE - 4 ROBERTS&SHEFELMAN • 4100 SEAFIRST FIFTH AVENUE PLAZA _ B00 FIFTH AVENUE SEATTLE,WASHINGTON 98104 (2061622.1818 ROBERTS&SHEFELMAN 4100 SEAFIRST FIFTH AVENUE PLAZA 800 FIFTH AVENUE SEATTLE,WASHINGTON 98104 (2061622.1818 ID been paid," the City of Renton is entitled to a judgment of 2 foreclosure. 3 This section [RCW 35 .44.190] makes the action of the . city council in confirming the assessment roll conclu- 4 sive upon All parties not appealing therefrom, except the two classes specified in the proviso, which are not 5 material in this case. The language of these statutes is clear and positive. A person desiring to contest an 6.. assessment roll must conform with the provisions of these statutes; otherwise, he waives all irregularities, 7 if any, in the passage of the ordinances providing for the improvement and the confirmation of the assessment 8 roll and the method of assessment. 9 Ferrall v. City of Spokane, 73 Wash. 200, 203, 131 P. 808 (1913 ) 10 (emphasis ours) . 11 . By neglecting to appeal their assessments in the manner and 12 at the time prescribed by law, they have failed to preserve their 13 objections so as to be able to litigate them. Lansinger v. Local 14 Improvement District 6368, 80 Wn.2d 254, 256 , 493 P. 2d 1008 (1972) . 15 Because the statutes prescribe the methods to be followed and the remedies available in a challenge to 16 the LID assessment roll• or liens thereby created, the superior court was without jurisdiction to consider 17 petitioner' s objection . . . . . 18 Id. at 261 . 19 Since as a matter of law defendants have no defense to the 20 City' s foreclosure action, and since under RCW 35.50.010 the 21 "assessment lien shall be paramount and superior to any other. 22 lien or encumbrance theretofore or thereafter created except a 23 lien for general taxes," the City' s motion for summary judgment 24 should be granted. 25 III. A COUNTERCLAIM MAY NOT BE SET UP IN AN ACTION TO FORECLOSE A LOCAL IMPROVEMENT DISTRICT ASSESSMENT LIEN. 26 In addition to its motion for summary judgment, the City has 27 moved to strike the defendants' counterclaim under CR 12( f) . A 28 29 counterclaim may not be maintained in this type of action. The 30 rule and rationale are well stated in 14McQuillin, Municipal Corporations § 38.306 (3d ed . 1970 ) : , MEMORANDUM IN SUPPORT OF MOTIONS FOR SUMMARY JUDGMENT AND TO STRIKE - 6 , ROBERTS&SMEFELMAN 4100 SEAFIRST FIFTH AVENUE PLAZA BOO FIFTH AVENUE • - SEATTLE,WASHINGTON 98104 • (20616Y2-1818 • 1 No counterclaim can be set up by the defendant in an assessment against his property to pay for a local 2 improvement. The rule is the same where the counter- claim is for damages to the property of the defendant 3 caused by the improvement for which the assessment is made. This rule is placed on the ground that, in 4 imposing the assessment, the municipal corporation acts in a legislative capacity, and that the assessment being 5 a tax levied for a special purpose is not subject to counterclaim, setoff, attachment or execution. To allow 6 recovery on a counterclaim in such a case, it has been said, would be to divert the tax from its special. 7 purpose. 8 (Emphasis ours. ) Accord : Root v. Texas Bitulithic Company, 316 9 S.W. 2d 293 (Tex. App. 1958) ; Forester v. Coombs Land Company, 126 - 10 S.W. 2d 433 (Ken. 1939) ; Town of Zebulon v. Dawson, 5 S.E. 2d 535 11 (N.C. 1939) ; Hicks v. City of Ashland, 71 S.W. 2d 988 (Ken: App. 12 1933) ; Ashman v. C'ity of Des Moines, 228 N.W. 316 ( Iowa 1929) ;' 13 Hernson v. Brawner, 203 S.W. 727 (Ken. 1918) ; Hornung v. McCarthy, 14 58 P. 303 (Cal . 1899) . , 15 It is even more appropriate to apply this rule where, as in 16 Washington, statutes require a property owner to raise all defense- 17 and objections at the hearing to confirm the final assessment roll . 18 We have given careful consideration to appellants' contention that its cross-action for damages should have 19 been submitted to. the jury. However, we have concluded that Root waived that claim by failing to present it at 20 a hearing before the governing body of the city and to appeal from an adverse decision as required by [statute] . 21 . Root v. Texas Bitulithic Company-, supra at 294. 22 The rule barring counterclaims in actions to foreclose 23 . assessment liens does not necessarily mean that defendants will be 24 without a remedy on. their. counterclaim. If a claim upon which 25 relief may be granted is properly stated , it may be pursued in 26 court by independent action. 27 Briefly considering the objection to the disallow- 28 ance of the counterclaim,, it is the settled policy of the law generally, and which prevails with this court, 29 that in this character of case the municipality, 30 , . MEMORANDUM IN SUPPORT OF MOTIONS FOR SUMMARY JUDGMENT AND TO STRIKE - 7 ROBERTS&SHEFELM AN 4100 SEAFIRST FIFTH AVENUE PLAZA B00 FIFTH AVENUE SEATTLE,WASHINGTON 98104 (206)622-1818 1 although it might be liable for damages in an indepen- dent suit, as we shall see, cannot be made to respond in 2 such damages upon a cross-petition or counterclaim in a suit like this, brought for the purpose of enforcing the 3 lien against the abutting property for the price of the improvement. 4 Hernson v. Brawner, supra at 729. Accord: Ashman v. City of 5 Des Moines, supra at 318; Hicks v. City of Ashland, supra at 991. 6 Counsel for the City of Renton have been unable to locate any 7 Washington cases which deal squarely with the counterclaim issue 8 in this context. Our courts have, however, held in an analogous 9 context that counterclaims may not be maintained. In an unlawful 10 detainer action, which is a special statutory proceeding , it. is 11 "settled by an unbroken line of decisions that in such proceeding 12 . the defendant may not assert a set-off or counterclaim." Young v. 13 Riley, 59 Wn. 2d 50, 52, 365 P.2d 769 (1961) (and cases cited 14 therein) . Since LID proceedings are special, Goetter v. City of 15 . Colville, supra at 306, and since these proceedings favor speedy 16 . resolution of issues, see King County v. Mercer Island Sewer 17 District, supra at 960 , and since the rule uniformly applied 18 elsewhere is to bar counterclaims in LID foreclosure actions, the 19 . defendants' counterclaim should be stricken and an order dis- 20 missing the counterclaim without prejudice entered. 21 Respectfully submitted, 22 . ROBERTS & SHEFELMAN 23 24 25 By Blair B. Burroughs 26 Attorneys for Plaintif 27 28 . . 29 30 MEMORANDUM IN SUPPORT OF MOTIONS FOR SUMMARY JUDGMENT AND TO STRIKE - 8 BBB10A6 ROBERTS&SHEFELMAN 1100 SEAFIRST FIFTH AVENUE PLAZA • B00 FIFTH AVENUE SEATTLE,WASHINGTON 98104 (208l622.1018 4' . . 1 2 3 4 IN THE SUPERIOR COURT OF THE STATE OF WASHINGTON FOR KING COUNTY 5 CITY OF RENTON, a municipal ) corporation, ) 6 ) Plaintiff, ) 7 ) v. ) NO. 81-2-11419-9 8 ) MILDRED M. SUMMERS and JOHN ) AFFIDAVIT OF 9 DOE SUMMERS; BEMP ASSOCIATES, ) DELORES A. MEAD IN a Washington general partnership; ) SUPPORT OF MOTION 10 PATRICK T. EASTER and ROSEMARY ) FOR SUMMARY JUDGMENT EASTER; DELBERT C. BENNETT and ) 11 BETTE BENNETT; JACK K. McCANN ) and MARY McCANN; MARCUS K. PARTIN) 12 and JANE DOE PARTIN; KEITH L. ) SUMMERS and JANE DOE SUMMERS; ) 13 ROBERT WILLIAM EDWARDS and JANE ) DOE EDWARDS; FRANK EDWARDS, JR. ) 14 and JANE DOE EDWARDS; and ) COMSTOCK REALTY COMPANY, a ) 15 Washington corporation; THE - ) UNKNOWN HEIRS OF MARY DOE, ) 16 DECEASED; ALSO ALL OTHER ) PERSONS OR PARTIES UNKNOWN ) 17 CLAIMING ANY RIGHT, TITLE, ) ESTATE, LIEN, OR INTEREST IN ) 18 THE REAL ESTATE DESCRIBED IN ) THE COMPLAINT. ) 19 ) Defendants . ) 20 ) 21 STATE OF WASHINGTON ) ss . 22 COUNTY OF KING 23 I, DELORES A. MEAD, on oath say: 24 1. I am the City Clerk of the City of Renton, the 25 plaintiff in this action. I have personal knowledge of the 26 facts stated in this affidavit and I am competent to testify 27 to them. 28 2. Renton Local Improvement District ( "LID") No . 302 29 was formed and authorized by the passage of Ordinance No. 3202 30 by the Renton City Council . Ordinance No. 3202 was adopted Affidavit of Delores A. Mead in ROBERTS&SHEFELMAN Support of Motion for Summary Judgment - 1 41005EABOO FIFTH FHAVENIFTH ENUE PLAZA B00 FIFTH AVENUE SEATTLE,WASHINGTON 98104 (206)622-1818 1 after due notice to property owners within the proposed LID and 2 after a hearing on the formation of the district. 3 3 . Ordinance No. 3202 was adopted on March 13 , 1978 4 and became effective on March 22 , 1978 . A copy of Ordinance 5 No. 3202 is attached as Exhibit A. 6 4 . The street improvements ordered by Ordinance No. 7 3202 were completed and accepted by the City of Renton in 8 early 1980 . 9 5. In February, 1980, at my direction, notice of 10 the hearing to confirm the final assessment roll for LID No. 11 302 was published and mailed to the owners of record in the LID 12 pursuant to law. 13 6 . On February 25, 1980 , the hearing to confirm the 14 final assessment roll for LID No. 302 was opened. The hearing 15 was continued to March 3, 1980. 16 7 . Several property owners appeared at the hearing 17 to confirm the final assessment roll to present their protests 18 and objections. One of the persons appearing at this hearing 19 was Delbert C. Bennett, representing himself and BEMP Associates . 20 8 . On March 3, 1980, the Renton City Council adopted 21 Ordinance No. 3402, approving and confirming the final assess- 22 ment roll for LID No. 302. -23 9 . Ordinance No. 3402 became effective on March 12 , 24 1980 . A copy of Ordinance No. 3402 is attached as Exhibit B. 25 10. The assessments for LID No. 302 were made payable 26 in fifteen annual installments plus interest at 11 .45% per annum 27 from April 10, 1980 . 28 11. The first annual installments for the LID assess- 29 ments were due April 10, 1981. 30 12. The first annual installments for LID parcels 19 • Affidavit of Delores A. Mead in ROBERTS&SHEFELMAN Support of Motion for Summary Judgment - 2 4100 SEAFIRST FIFTH AVENUE PLAZA 800 FIFTH AVENUE SEATTLE,WASHINGTON 98104 (206)622-1818 1 and 20 have not been paid, although demand for payment has been 2 made. 3 13. There is currently due and owing on LID Parcel 4 No. 19 the sum of $32, 987. 16, which includes the principal sum 5 due of $11,200. 19, together with interest from April 10, 1980, 6 to April 10, 1981, at 11 .45% per annum totaling $19 ,202 .72 , and 7 a penalty of $2, 584. 25, as provided in Ordinance No. 3402. ' 8 14. There is currently due and owing on LID Parcel 9 No. 20 the sum of $32, 987 .16, which includes the principal sum 10 due of $11, 200.19, together with interest from April 10 , 1980, 11 to April 10 , 1981, at 11 .45% per annum totaling $19 ,202 .72, and 12 a penalty of $2, 584. 25, as provided in Ordinance No. 3402 . 13 DATED this iota day of No kf P rn b C , 1981. 14 ,, _ _/ Delores A. Mead • 16 SUBSCRIBED AND SWORN to before me this 36+-I1 day of 17 , 1981. 18 19 , r 20 Notary Publ c in and for the State of Washington, residing 21 at ` t t1c (_‘C--TWThtt ----- 22 23 24 25 26 27 28 29 30 Affidavit of Delores A. Mead in ROBERTS&SHEFELMAN Support of Motion for Summary Judgment - 3 4100SEAFIHST FIFTH AVENUE PLAZA 800 FIFTH AVENUE SEATTLE,WASHINGTON 98104 (206)622-1818 • ., EXHIBIT "A" ` n 'C� CITY OF RENTON, WASHINGTON �.T m . " E m d � ORDINANCE NO. 3202 O y 3 l N 0 1 ``v F � � AN ORDINANCE OF1THE CITY OF RENTON, WASHINGTON, = f ORDERING THE CONSTRUCTION AND INSTALLATION OF c CERTAIN STREET IMPROVEMENTS INCLUDING GRADING, o -: a DRAINING, TOGETHER WITH CURBS, GUTTERS, SIDEWALKS, Y g c STREET LIGHTS AND UNDERGROUND UTILITIES ON .s; PORTION OF LIND AVENUE S.W. LYING BETWEEN S.W. 16TH STREET AND S.W. 43rd STREET, S.W. 34TH STREET ram = AND S.W. 41ST STREET LYING BETWEEN LIND AVENUE S.W. o AND EAST VALLEY ROAD AS MORE PARTICULARLY DESCRIBED HEREIN, ALL IN ACCORDAINCE WITH RESOLUTION NOS. N "n � 2095 AND 2159; PROVIDING THE METHOD OF ASSESSMENT IN m, `_ I SAID DISTRICT; PROVIDING THAT PAYMENT FOR SAID IMPROVEMENT BE MADE BY SPECIAL ASSESSMENTS UPON c L _ PROPERTY IN SAID DISTRICT, PAYABLE BY THE MODE OF fie ‘jd v 15 .0 "PAYMENT OF BONDS" OR "NOTES" IN LIEU THEREOF AS N z : o E DETERMINED BY THE CITY COUNCIL; PROVIDING FOR THE V R . g g c ISSUANCE AND SALE OF LOCAL IMPROVEMENT DISTRICT 302 M `� v e c WARRANTS REDEEMABLE IN CASH AND LOCAL IMPROVEMENT o \� o DISTRICT BONDS OR NOTES. v — 3 `o t o a WHEREAS by Resolutions No. 2095 and 2159 passed and approved on March 7, 1977 and January 9, 1978 respectively, the City Council- of the City of Renton declared its intention to construct and install certain street improvements including grading, draining, together with curbs, gutters, sidewalks, street lights and underground utilities on portion of Lind Avenue S.W. lying between S.W. 16th STreet and S.W. 43rd Street, S.W. 34th Street and S.W. 41st lying between Lind Avenue S.W. and East Valley Road as more particularly described herein, and fixed the 11th day of April, 1977 and thereafter continued to May 2, 1977 and May 9, 1977, respw,tively, and March 6, 1978, in the City Council Chambers in the Municipal Building, Renton, Washington, as the time and place for hearing all matters relating to said improvements and all objections thereto and for determining the method of payment for said improvements, and WHEREAS the Director of Public Works has caused an estimate to be made of the cat and expense of the proposed improvements and has certified said estimate to the City Council, together with all papers, data, and information in his possession relating to the proposed improvement, description of Mee boundaries of the District, a statement cf what portion of the cost and expense should be borne by the properties within the proposed District, a statement in detail of the Local Improvement assessment outstanding or unpaid against the property in the proposed District, and a statement of the aggregate actual valuation of the real estate, including 25% of the actual valuation of the improvements in the proposed District, according to the valuation last placed upon it for the purpose of general taxation; and WHEREAS said estimate is accompanied by a diagram of the proposed improvement showing thereon the lots, tracts, parcels of land, and other property which will be specially benefited by the proposed improvement, and the estimated amount of the cost and expense thereof to be borne by each lot, tract and parcel of land or other property within said District; and WHEREAS due notice of the hearing upon said Resolution No. 2095 & No. 2159 was given in the manner provided by law, and said hearing May 9, 1977 and was duly held by the City Council at its regular meeting on/March respectively, 6, 1978/at the hour of 8:00 P.M. and the following protests having been filed and duly considered, to-wit: Name of Protestant Address Robert Edwards and Frank Edwards 19310 N.E. 14th, Bellevue, Wn. Mildred Summers 36904 3rd S.W. Federal Way, Wn. and said total protests not exceeding 5.3 percent of the total cost bearing owners within said District; and WHEREAS at said hearing the City Council has given due consideration to the special benefits to be received from such -2- proposed improvement by all of the properties to be included within the proposed Local Improvement District; and WHEREAS the City Council deems it in the best interest of the City and of the owners of the property within the proposed Local Improvement District that said improvement as hereinafter described be carried out, and that a Local Improvement District be created in connection therewith; NOW THEREFORE THE CITY COUNCIL OF THE CITY OF RENTON, WASHINGTON, DO ORDAIN AS FOLLOWS: improvements SECTION I: The following street/shall be constructed and installed in the vicinity of Lind Avenue S.W. lying between S.W. 16th Street and S.W. 43rd Street, S.W. 34th STreet and S.W. 41st lying between Lind Avenue S.W. and East Valley Road, Renton, King County, Washington, as more particularly described hereinbelow, to-wit: (1) a 100 ft. strip of land to be known as Lind Avenue S.W. lying between S.W. 16th St. and S.W. 43rd St. (2) An 80 ft. strip of land to be known as S.W. 34th St. lying between Lind Ave. S.W. and the East Valley Highway (3) An 80 ft. strip of land to be known as S.W. 41st St. lying between Lind Ave. S.W. and the East Valley Highway and there shall be included in the foregoing the acquisition and installation of all necessary pipe, manholes, valves, fittings, couplings, connection equipment and appurtenances, together with the acquisition of any easements, rights of way and land that may be required; and there shall be included the performance of such work as may be incidental and necessary to the foregoing -3- \_ ' S construction and installation. The City Council may modify the details of the foregoing described improvement where, in its judgment, it appears advisable, provided such modifications do not substantially alter the plan of said improvement. All of the foregoing shall be in accordance. with the plans and specifications therefor to be prepared by the Director of Public Works. SECTION II: There is hereby established and created a Local Improvement District to be called "Local Improvement District No. 302 of the City of Renton, Washington", the boundaries of such Local Improvement District being described as follows: See Exhibit "A" attached hereto and made a part hereof SECTION III: The estimated cost and expense of said improvement is hereby declared to be approximately $2,406,371.13. The entire cost and expense of said improvement, including the cost and expense of all engineering, legal, inspection, advertising, publication of notices and other expenses incidental thereto, shall be borne by and assessed against the property specially benefited by such improvement included in the Local Improvement District No. 302 established, embracing, as near as may be, all property specially benefited by such improvement. SECTION IV: The nature of the improvement provided for herein is such that the special benefits conferred upon the property are fairly reflected by the use of the per front foot of assessment, and it is hereby provided and ordered that the assessment shall be made against the property of the District in accordance with said methods. All property included within the limits of the Local Improvement District above created shall -4- be considered to be the property specially benefited by such Local Improvement and shall be the property to be assessed to pay the cost and expense thereof as hereinabove specified. SECTION V: Local Improvement District warrants shall be issued in payment of the cost and expense of the improvement herein ordered. Such warrants shall be payable out of said "Local Improvement Fund, District No. 302", to bear interest from the date thereof at a rate to be fixed hereafter, but not to exceed 9 % per annum and to be redeemed in cash,, and/or by Local Improvement District bonds herein authorized to be issued, said interest-bearing warrants to be hereafter referred to as "revenue warrants". Such bonds shall bear interest at a rate to be hereafter fixed but not exceeding 9 % per annum; shall be payable on or before twelve years from the date of issuance, the life of the improvement ordered being not less than ten (10) years, and shall be issued in exchange for and in redemption of any and all revenue warrants issued hereunder and not redeemed in cash within a period not to exceed sixty days after the first publication by the Director of Finance of notice that the assessment roll for Local Improvement District No. 302 is in her hands for collection. The bonds shall be redeemed by the collection of special assessments to be levied and assessed upon the property within said District, payable in ten equal installments, with interest at a rate to be fixed hereafter but not exceeding 9 % per annum, and a penalty of to % which shall also be collected. The exact form, amount, date, interest rate and denomination of said warrants and bonds shall be hereafter fixed by Ordinance • of the City Council. SECTION VI: All the work necessary to be done in con- nection with the making of said improvements shall be done by -5- and made by contract upon competitive bids and the City shall have and reserves the right to reject any and all bids. The call for bids for work authorized pursuant to this Ordinance shall include a statement that payment for said work will be made in cash warrants drawn upon the "Local Improvement Fund, District No. 302". SECTION VII: There is hereby created and established in the Finance Director's Office of the City of Renton, for Local Improvement District No. 302, .a special fund to be known and de- signated as "Local Improvement Fund, District No. 302", into which fund shall be deposited the proceeds from the sale of revenue warrants drawn against said fund which may be issued and sold by the City and collections pertaining to assessment, and against which fund shall be issued cash warrants for the contractor or contractors in payment for the work to be done by them in connection with said improvement, and against which fund cash warrants shall be issued in payment of all other items of expense in connection with said improvement. SECTION VIII: The Public Works Director is hereby authorized and directed to call for bids, in the manner provided by law, for the construction and installation of the improvements authorized herein. SECTION IX: The City reserves the right to issue, in lieu of bonds and warrants in payment of the cost and expense of the aforesaid Local Improvement District, installment note or notes payable out of the Local Improvement District Fund, pursuant to RCW 35.45.150, whenever such note or notes are sold exclusively -6- • to another fund of the City as an investment thereof, and as further provided by law. Such installment note or notes may be issued any time after a thirty-day period allowed by law for the payment of assessments of said District without penalty or interest, and such note or notes may be of any denomination or denominations, the aggregate of which shall represent the balance of the cost and expense of the Local Improvement District which is to be borne by the property owners therein, and as further provided by law. PASSED BY THE CITY COUNCIL this 13th day of march , 1978. lores . Dead, •t��rk APPROVED BY THE MAYOR this 13th day of March, 1978. • • Charles4. Delaurenti, Mayor Approved as to form: • Lawrence J. Wa en, City Attorney Date of Publication: March 17, 1978 • -7- l f; I.O. NO. 302 - LIND AVE. S.W. _ ! ` S.W. 34tn St. & S.H. 41st St. EXHIBIT "A" - 4-11-77 All that portion of Sections 19, 30 and 31 Twp. 23 N., Rng. 5 E., W.M., described as follows: BEGINNING at the intersection of the West line of Block 24, C. D. Hillman's Earlington Gardens Addition Division No. 1 as recorded in Volume 17 of Plats, Page 74 records of King County Washington, with the southerly Right-of-Way margin of S.W. 16th St.; Thence southerly along the west line of said Block 24, to an intersection with the north Right-of-way margin of S.W. 19th St (S. 156th Street); Thence westerly along the north Right-of-Way margin of said S.W. 19th Street to an Intersection with the west line of said Section 19; Thence southerly along the west line of Section 19 to the southwest corner thereof, said southwest corner also being the northwest corner of Section 30; Thence southerly along the west line of said section 30 to the southwest corner thereof, said southwest corner also being the northwest corner of Section 31; Thence southerly along the west line of said section 31 to an intersection with the northerly Right-of-Way margin of S.W. 43rd Street (S. 180th Street); Thence easterly along the northerly Right-of-Way margin to said S.W. 43rd Street, extended easterly, to an intersection with the westerly Right-of-Way margin of the East Valley Highway (Primary State Highway No. 5); Thence northerly along the westerly Right-of-Way margin of said East Valley Highway to center of Section 30, Twp. 23 N., Rng. 5 E., W.M.; Thence westerly along the east-west centerline of said Section 30 to the SE corner of the SW 1/4 of the SE 1/4 of the NW 1/4 of said Section 30; Thence northerly along the easterly line of said subdivision to the NE corner thereof, said NE corner also being on the south line of the N 1/2 of the SE 1/4 of the NW 1/4 of said Section 30; Thence easterly along the south line of said subdivision to an intersection with the westerly Right-of-Way margin of the East Valley Highway (Primary State Highway No. 5); Thence northerly along the westerly Right-of-Way margin of said Highway to an intersection with the north line of said Section 30; Thence westerly along the north line of Section 30 to an intersection with the southerly production of the east line of Block 3, said plat of Hillmans Earlington Gardens Division No. 1; Thence northerly along the east line of said Block 3 produced southerly and northerly to the SE corner of Block 4, said plat; Thence northerly along the east line of said Block 4, and its northerly production to the SE corner of Block.23, said plat; Thence continuing northerly along the east line of said Block 23 to an inter- section with the southerly Right-of-Way margin of SW 16th St.; Thence westerly along the southerly Right-of-Way margin of SW 16th St., extended across Lind Ave. S.W. to the NW corner of Block 24, said plat of C. D. Hillmans Earlington Gardens Division No. 1 and the point of beginning. �' • ''� � + EXHIBIT "B" Tir�ll,a;s•y'b:'i onf�•.tOtn:r;n-de.i,n daaonn cdhe d..o.f.u.3„rcte/h�re.t rif yc'?ert—rth�'Lai-f.tpy the oC fff i oe gtyhheCokCactitsrtm eoOi nfhr dieRisn adntCn oecfnan iastp sh eua bit t lrCiasuy phep e edao fdra s c R�cootnnr tdrof;rir+ • r he a Aefe�ntO sat head and affixed the seal of th CITY OF RENTON, Vi7`A 'lITtie -1 4. of,•)j A_ea •l- fty of Renton his--..... •• -- UZ ORDINANCE NO. 3402 - - ._ . • AN ORDINANCE OF THE CITY OF RENTON, WASHINGTON, APPROVING AND CONFIRMING THE ASSESSMENTS AND ASSESSMENT ROLL OF LOCAL IMPROVEMENT DISTRICT NO. 302 FOR THE IMPROVEMENT OF CERTAIN STREETS INCLUDING GRADING AND DRAINING, TOGETHER WITH CURBS, GUTTERS, SIDEWALKS, STREET LIGHTS AND UNDERGROUND UTILITIES ON A PORTION OF LIND AVENUE S.W. LYING BETWEEN S.W. 16TH STREET AND S.W. 43RD • STREET, S.W. 34TH STREET AND S.W. 41ST STREET LYING BETWEEN LIND AVENUE S.W. AND EAST VALLEY ROAD • BY DOING ALL WORK NECESSARY IN CONNECTION THERE- WITH; LEVYING AND 'ASSESSING THE AMOUNTS THEREFOR AGAINST .THE SEVERAL LOTS, TRACTS, PARCELS OF LAND AND OTHER PROPERTY AS SHOWN ON THE ASSESSMENT ROLL AS CONFIRMED BY THE CITY COUNCIL; AND PROVIDING FOR THE PAYMENT OF SUCH ASSESSMENTS INTO THE LOCAL IMPROVEMENT FUND, DISTRICT NO. 302 OF THE CITY OF RENTON, WASHINGTON, AS CREATED BY ORDINANCE NO. 3202. • WHEREAS the assessment roll levying the special assessment against the property located in Local Improvement District No. 302 generally described as in the vicinity of Lind Avenue S.W. lying between S.V . 16th Street and S.W. 43rd Street, S.W. 34th Street and S.W. 41st Street lying between Lind Avenue S.W. and East Valley Road, Renton, King County, Washington, created under Ordinance No. 3202 dated March 13, 1978, has been filed with the City Clerk of the City of Renton, Washington, by the Director of Public Works, as provided by law; and • WHEREAS due notice of the time and place of hearing thereon and making objections and protests to such roll was duly published at and for the time and in the manner provided by law, fixing the time and place of hearing thereon for February 25, 1980, at the hour of 8 :00 p.m. in the City Council Chambers in the Municipal Building, Renton, Washington, and due notice thereof was timely mailed by the City Clerk to each property owner shown on such roll as provided by law and as further specified in RCW 35.44. 090 and such hearing having been duly held and thereafter continued for one week to March 3, 1980; and WHEREAS at the time and place fixed and designated in such notice, the hearing on such assessment roll resulted in the following protests and/or objections, as received by the City Clerk prior to, at and during such public hearing, to-wit: Name of Protesting Party Address Legal Description Jack A. Benaroya Co. 5950 Sixth Ave. S. The E. 160 Ft of the folg• Tl Seattle, Wa. 98108 12 Sec 31-23-5 NW 1/4. of the NU 1/4 less W 10 ft less County ro and the City Council having duly considered such assessment roll together with the written protests and objections filed in connection therewith, as aforestated, and having duly considered such protests and the City Council sitting and acting as a Board of Equalization for the purpose of considering the roll, benefits to be received by each lot, parcel and tract of land shown upon such roll, including the increase and enhancement of the fair market value of each such parcel of land by reason of such improvement; NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF RENTON, WASHINGTON, DO ORDAIN as follows: -2- Section I. The following adjustments are hereby made on the assessments and assessment roll of Local Improvement District No. 302: Parcel No. and Original Adjusted Property Owners Description Assessment Assessment Parcel No. 27 Jack A. Benaroya Co The E 160 ft. of the folg; T1 12 Sec 31-23-5 NW 1/4 of $347892.79 $346,339.23 - 1553.56 NW 1/4 less W 10 ft less County Rd Section II. The assessments and assessment roll of Local Improvement District No. 302 which has been created and established for the purpose of paying the cost of constructing and installing certain street improvements as more particularly described in Ordinance No. 3202 and all in accordance with such ordinance, be and the same are hereby in all things approved and confirmed after the adjustments. referred to in Section I hereof have been made, so that the total amount of the assessments and assessment roll of such Local Improvement District is in the sum of $ 6,058,822.92 Section III. Each of the lots, tracts, parcels of land and other property shown upon such assessment roll is hereby determined and declared to be specially benefited by such improvement in at least the amount charged against the same, and the assessments appearing against the same are in proportion to the several assessments appearing _3- S" M' upon such roll. There is hereby levied and assessed against each lot, tract or parcel of land, or other property appearing upon such roll, the amount finally charged against the same thereon. Section IV. The assessment roll as approved and confirmed shall be filed with the Director of Finance for collection and the Director of Finance is hereby authorized and directed to publish notice as required by law, stating that such roll is in her hands for collection and that payment of any assessment thereon or any portion of such assessment can be made at any time within thirty days from date of first publication of such notice, without penalty, interest or cost, and that thereafter the sum remaining unpaid may be paid in fifteen equal annual installments with interest thereon hereby fixed at the rate of 12 % per annum, provided, however, that if the net effective interest rate fixed on the local improvement bonds hereafter issued for Local Improvement District No. 302 is less than 11 1/2% per annum, the interest rate on the unpaid assessments shall be revised to a rate of 1/2 of 1% in excess of the net effective interest rate on such bonds. The first installment of assessment on such assessment roll shall become due and payable during the thirty-day period succeeding the date one year after the date of first publication by the Director of Finance of notice that the assessment roll is in her hands for collection and annually thereafter each succeeding installment shall become due and payable in like manner. If the whole or any portion of the assessment remain unpaid after the first thirty-day period, interest upon the whole unpaid sum shall be charged at the rate hereinabove set forth and each year thereafter one of such install- ments, together with interest due on the whole of the unpaid -4- balance, shall be collected. Any installment not paid prior to expiration of the thirty-day period during which the installment is due and payable shall thereupon become delinquent. All delinquent installments shall be subject to a charge of interest at the rate hereinabove set forth and for-an additional charge of 8-1/2% penalty levied upon both principal and interest due upon such installment or installments. The collection of such delinquent installments shall be enforced in the manner provided by law. Section V. All of such assessments or installments thereof and interest and penalty, if any thereon, when collected by the Director of Finance shall be paid into the Local Improvement Fund, District No. 302, of the City of Renton as created by Ordinance No. 3202 and shall be used solely for the purpose of paying the principal and interest on the warrants and bonds drawn upon or issued against such fund. Section VI. This ordinance shall be effective upon its passage, approval and five days after its publication, unless otherwise provided for hereinabove. PASSED BY THE CITY COUNCIL this 3rd day of March, 1980. DELORES A. ME , Ci.ty Clerk APPROVED BY THE MAYOR this 3rd day of March, 1980. • lJG a) `1 .k�npo c-k� Barbara Y. Shihpoch, Mayor Approved as to form: r i•� Lawrence J. Warren, City . Attorney Date of,Publication: March 7, 1980 -5- -A . . , , . ' . . • • . . . •. 2 . . . . , , . • , . . .... . . . ., ' • . . . . . . , . , . . . . . , . . . . . . . , , . . . . . , . • . ' . . . ' . , , . . . , • . . . . . , . . . . ,. • . , . . , . . . . . , . , . . . • . ' September 17, 1981 ' , . . . , . . , . . . . . . . . . • . . . . . . • , • . . . . . . . . . . • , • • . : . • . . . , . . . • . . . . . . . . . • Mt. Del Bennett . HEMP Associates . . . . 17422 - 108th Avenue S.E. Suite 200 . . • . . . . . ... .• '' 'Renton, Washington . , • . . .. . . . Dear Del! . , . . . , . . . . . Per our conversation of September 15, 1981, 1 reviewed . • . , . . the file on the land fill at 1901 Lind Avenue S.W. and . • . . ' discussed the matter with the City Attorney. We under- . . . . . stand your contentions concerning the delays caused by , . . - • the construction of Lind Avenue S.W. but we do not have . .. , • . • authority to change the Hearing Examiner's conclusions. , - , . . . . . , . . . I believe my opinions expressed in my letter of May 15, • •. . . . . . . 1981 are correct. I feel strongly that you should . ' , . . . . apply to the Hearing Examiner for a review of the find- • • . . . . . . • .. ' ings and conclusions in SP-134-78. . . .. . . . . . If we can be of any further assistance, please call. . . . . . Sincerely, • • . . . . . . . . . . . . • . , . . . . . • , . Ronald G. Nelson . . . . • . Building Director . . . . . . . . . . . . . . . . . . , . . . , . . , . . . ' RGN/mp •,. • . . . . ., . . . . . . . . . . . , • , . . . . ' . . . , . . . . • . . . . , • . , . • . , . . , , . . . . . - . . . . , . ' . . .. ..,. . . . . ... . . . . ,. . . . , , . , . . . . ' . . . . . . . . . ' • • ., . . . . , . . . May 15, 1981 BEMP Associates 17422 - 108th Avenue S.E., Suite 200 Renton, Washington Attention: Mr. Del Bennett Gentlemen: We are in receipt of your letter dated May 7, 1981 in which you outlined your interpretation of the decision made on March 21, 1978 by the Hearing Examiner (SP-134-78) . Our interpretation is that the Examiner granted what was requested by the proponents for three (3) years, with an extension to four (4) years because of potential delays with construction of Lind Avenue S.W. Th.,refore the beginning date is March 21, 1978 and the expiration of the three years was on March 21, 1981. We have talked to Public Works and to Planning and they agree that a one (1) year extension would be • appropriate, which would give you until March 21, 1982 to com- plete the project or apply to the Hearing Examiner for an extension. If you find difficulty with this decision you m.y appeal within fourteen (14) days to the Hearing Examiner. • Sincerely, Ronald G. Nelson Building Director cc: Richard Houghton Acting Public Works Director David Clemens Acting Planning Director bc: Lawrence J. Warren City Attorney May 7, 1981 Mr. Ron Nelson • Building Director City of Renton . • • 200 Mill Avenue South Renton, Washington 98055 • Re: Permit To Fill Property Located On Lind Avenue S.W. • Dear Ron: On March 14, 1978, a public hearing was held by the Renton Hearing Examiner to consider the request by BEMP Associates to fill and grade their property located on Lind Avenue, S.W. , File No. SP-134-78. The Hearing Examiner concurred with that request which was subsequently approved by the Renton • City Council in April of 1978. The conditions imposed by the Hearing Examiner and approved by the Renton • City Council included completion of the operation in three (3) years after receipt of a land-fill permit. It also indicated a one (1) year extension could be granted by the Planning and Public Works Departments upon showing by the applicant of reasonable cause for delay in completing the operation. After receiving approval by the City of Renton to fill and grade the proposed site, we made application to the Department of Ecology for a State Flood Control Zone application as required by state law. It was not until October 24, 1979 that we actually received a permit to begin the land fill process with approval by all the necessary governmental agencies. After obtaining the initial permit in October of 1979, we were continually delayed in our efforts to fill the site as the City of Renton's LID for the improvement of Lind Avenue was under construction. This can be verified by Mr; Dick Houghton, Acting Director of Public Works. This, -of course, was not unexpected as it was the primary reason for the Hearing • Examiner allowing an additional year for completion of the filling operations, if approved by the Public Works and Planning Departments. It is our opinion that the three (3) year permit will expire on October 24, 1982, and because of the delays which were clearly beyond our control, we would receive a favorable recommendation for the additional year extension as provided for by City Council action. It is necessary that we obtain this ' commitment from the City of Renton as soon as possible in order that we may complete our project within this time limitation. Sincerely, @ � , Del nett For: BEMP Associates DB/sb �_ii y s ®.. . . v W _ _ _ . _ /- ''c'll //// �� f.0 ' OF RENTON; WASHINGTOI�•Va NER.•. -'''yy } - LOCATION rOF WORK.NUMBER&STREEjT 7 PERMIT NUMBER , • / .f ./2;'. / . '• . . • f Ir/ ,'} .^ _ram r.:e J 7-- .i.'. ' (:::: �..• _ 71166 a i. i C f IiDRI.SS ,. , LOT, BLOCK SUBDIVISION }, ,•:EDVALUE NORTH 2 CF SW 4 OF 4, 19-23-5 7MPLEf ED WORK $ ._..^�___._....._..... • . • • INSPECTION RECORD • nn`��`'JJ''� ��',�� • ti 6>�'^)® x)IINGS ��l,�) If4 L1SE 70NE IJNDATION . tit- i'' �� 4 i, FlEE TUNE y�`�'-* • '+AMINE 'VOID IF WORK IS NOT OCCUPANCY' ` .' COMMENCED IN 60 DAYS• ` TH PERMIT FEE •'T.P ACE .y', _• t r'""` i' PLAN CHECK FEE $ s' ' DATE ISSUED LATE PERMIT $ • / i7 ,,___ {,4� -- 7(_`r • } UAL EXPIRATION DATE TOTAL FEE )ESCRIPTION OF WORK: ' .. '. ."* /04.l N'1.Sw'Y:c,:,•� : "�'a e7:+d d? C,"="�.1'a'4i1 4 Al 'A .+"k' .15iP (.'••• w� y�� rr.. 'Y ... P4,Y"' ;may (^ �u; • � . • • I • • • • y;i.a• • : ,i, r CONSTRUCTION ROOF COVERING FRONT YARD SIDE YARD SIDE YARD PAR YARD ❑�-'� FIRE RESISTIVE . ', , ElHEAVY`TIMBER ' a 0 ORDINARY MASONRY ❑ WOOD FRAME ❑ UNPROTECTED METAL NO.OF STORIES NO.OF UNITS TYPE HEATING ANS • • PLOT • • , PLAN - , ,EMITTED r +,_.' `_'./ --':.y ' SUBMITTED rr...-- -E' r • .. -1ME OF BUILDER �.. STATE LICENSE NO• ,A1 C J,C \J _ IL,..-_4.4 f';r. - •• .,�+ .�r'.. �C. +�i'✓r(., 1,a:�" ,i `DRESS . PHONE • X,_- ' •;.. . .,..�17 r, /gyp )�' THIS PERMIT DOES NOT A&THORIZE ANY WORK IN PUBLIC RIGHT-OF.WAY _ '• ' : OR ON UTILITY EASEMENTS, OR ANY ELECTRICAL OR MECHANICAL WORK . I HEREBY CERTIFY THAT NO WORK IS TO BE DONE EXCEPT AS DESCRIBED ABOVE AND IN APPROVED PLANS AND SPECIFICATIONS AND THAT ALL'WORK IS TO . CONFORM TO RENTON CODES AND ORDINANCES. ' , CALL FOR INSPECTION • I ,. • _BEFORE WORK IS CONCEALED OR ; APPLICANT c 1 C,-.:1,�..... POURING CONCRETE.' , I ' ' ' I SUBJECT TO COMPLIANCE WITH THE ORDINANCES OF THE CITY OF RENTON AND •' • ' I • INFORMATION FILED HEREWITH,THIS PERMIT IS GRANTED. ' _ PHONE I • I BUILDING DIRECTOR ' •• ' �' ' ' 235-2540 I . d ' . ' I i ,. BY ' , '2 _. ✓ . ..- , OFFICE COPY" r1,' �f r'' 'f a, • • ROBERTS & SHEFELMAN • (ROBERTS, SHEFELMAN, LAWRENCE, GAY & MOCH) • COUNSEL 4100 SEAFIRST FIFTH AVENUE PLAZA OF COUNSEL HAROLD S.SHEFEL\L\N • W ILLIAM N.APPEL 800 FIFTH AVENUE ROGER W.DUBROCK• JAMES GAY DIANE D.ICENNY •- SEATTLE, 'WASHINGTON 98104 ROBERT G.Moc! JON W.MACLEOD JAN:88I'.WETER(1877-1959) GEORGE M.MACK PAUI.L.AHERN.JR. - F.M.ROBERTB(1880.1973) BRIAN L.COMSTOCIC TERESA V.BIGELOW (206) 622-1818 TIMOTHY R.CLIFFORD • ROGER L.HVDSON• _ ANCHORAGE OFFICE LEE.R.VOORIIEES,JR. DAVID 11.HCKEY • - DAVID H.SWEENEY BLAIR B.BURROIIOIIR RIi1TE 1500 • WILLIAM G.TON•KIN LINDA R.RADOFF 2550 DENALI STREET DAVID A.BENNETT PAUL W.KOVAL• ANCHORAGE. ALASKA 99503 •ROBERT H.CAMPBELL KARF.N S.WATTS • (907) 278.1358 • ROBERTG.McLLENDORF.•• JUDITH A.SHULMAN GARY N.ACKERMAN WALTER T.FEATITERLY III• TELECOM ERN ROGER A.MYKLEBUST MICHAEL II.RORICK SEATTLE (208)624-2880 A,IY H.BALLAD FIER �,1,,, ^ ANCHORAGE (907)272-8332 •ALASKA BAR ••ALASKA AND WASHINGTON BARS • September Y, 1981 ALL OTHERS WASHINGTON BAR ONLY �J 1. • • • • Mr. Steven W. Hale • . Cable, Barrett, Langenbach & McInerney • • 1900 Fourth & 'Blanchard Building • Seattle, Washington 98121 • Re: City of Renton v. Summers, et al. (LID No. 302) • • Dear Mr. Hale: • We have not yet received an Answer to our Complaint from you and we are anxious to proceed with this lawsuit. Therefore, we have taken the liberty of noting up a Motion. for Default which is scheduled for September 21, 1981. We believe this will give you sufficient time to prepare your Answer but will insure that • the case will continue to proceed. • Very truly yours, • • . . ROBERTS & SHEFELMAN • 0.10?". "---1014""‘" • Blair B. Burroughs • BBB:kbs • cc: W. E. Bennett ' • 1 2 3 4 5 6 IN THE SUPERIOR COURT OF THE STATE OF WASHINGTON FOR KING COUNTY 7 CITY OF RENTON, a municipal ) corporation, ) 8 ) Plaintiff, ) 9 ) vs. ) NO: 81-2-11419-9 10 ) MILDRED M. SUMMERS AND JOHN ) ACKNOWLEDGEMENT OF 11 DOE SUMMERS; BEMP ASSOCIATES, ) SERVICE AND ACCEPTANCE a Washington general partner- ) OF SERVICE AND 12 ship; PATRICK T. EASTER and ) COMPLAINT ROSEMARY EASTER; DELBERT C. ) 13 BENNETT and BETTE BENNETT; ) . JACK K. McCANN and MARY McCANN; ) 14 MARCUS K. PARTIN and JANE DOE ) PARTIN; KEITH L. SUMMERS and ) 15 JANE DOE SUMMERS; ROBERT WILLIAM ) EDWARDS and JANE DOE EDWARDS; ) 16 FRANK EDWARDS, JR. , and JANE DOE ) EDWARDS; and COMSTOCK REALTY ) 17 COMPANY, a Washington corporation; ) THE UNKNOWN HEIRS OF JOHN DOE, ) 18 DECEASED; THE UNKNOWN HEIRS OF ) MARY DOE, DECEASED; ALSO ALL ) 19 OTHER PERSONS OR PARTIES UNKNOWN ) CLAIMING ANY RIGHT, TITLE, ESTATE,) 20 LIEN, OR INTEREST IN THE REAL 21 ESTATE DESCRIBED IN THE COMPLAINT, 22 Defendants. 23 STATE OF WASHINGTON ) 24 ) ss. COUNTY OF KING ) 25 I, Steven W. Hale, on oath say: 26 1. I am the attorney for Mildred M. Summers , Marcus K. 27 28 Partin and Jane Doe Partin who are named defendants in this action 29 and I am authorized to accept serv_.ce of the Summons and Complaint 30 on their behalf. ACKNOWLEDGEMENT - 1 ROBERTS&SHEFELMAN 4100 SEAFIRST FIFTH AVENUE PLAZA 800 FIFTH AVENUE SEATTLE,WASHINGTON 08104 (208)622-1818 1 2. I hereby acknowledge receipt of the Summons and 2 Complaint which was served on me on September , 1981 on behalf of Mildred M. Summers , Marcus K. Partin and Jane Doe 3 Partin and I accept service thereof. 4 3. Copies of the Summons and Complaint are attached as 5 Exhibits A and B, respectively. DATED this day of September, 1981. 6 7 8 STEVEN W. HALE 9 SUBSCRIBED AND SWORN to before me this day of 10 September, 1981. 11 12 NOTARY PUBLIC in and for the 13 State of Washington residing . at • 14 15 16 17 18 19 20 21 22 23 24 26 27 28 29 30 ACKNOWLEDGEMENT - 2 ROBERTS&SHEFELMAN 4100 SEAFIRST FIFTH AVENUE PLAZA 800 FIFTH AVENUE SEATTLE,WASHINGTON 98104 1205)622-1618 • ROBERTS & SHEFELMAN (ROBERTS, SHEFELMAN, LAWRENCE, GAY & MOCH) COUNSEL 4100 SEAFIRST FIFTH AVENUE PLAZA OF COUNSEL HAROLD S.SHEFELMAN WILLIAM N.APPEL 800 FIFTH AVENUE ROGER W.DUBROCK• JAMES GAY DIANE D.I{ENNY SEATTLE, WASHINGTON 98104 ROBERT G.MOCH JON W.MACLEOD JAMES P.WETER(1877-1959) GEORGE M.MACK PAUL L.AHERN.JR. F.NI.ROBERTS(1880.1973) BRIAN L.COMSTOCK TERESA V.BIGEI.OW (206) 622-1818 TIMOTHY R.CLIFFORD ROGER L.HUDSON• ANCHORAGE OFFICE LEE R.VOORIIEES.JR. DAVID B.BUKEY // DAVID B.SWEENEY BLAIR B.BURROU6HS SUITE 1500 WILLIAM G.TONKIN LINDA R.RADOFF 2550 DENALI STREET DAVID A.BENNETT PAUL W.KOVAL• ANCHORAGE. ALASKA 99503 ROBERT H.CAMPBELL KAREN S.WATTS (907) 278-1358 ROBERT G.MULLENDORE•• JUDITH A.SHULMAN GARY N.ACKERMAN WALTER T.FEATHERLY III• TELECOPIERS ROGER A.MYKLEBUST MICHAEL H.RORICK SEATTLE (206)824-2666 AMY H.GALLAGHER ANCHORAGE (907)272-8332 •ALASKA BAR ••ALASKA AND WASHINGTON BARS August 27 , 1981 ALL OTHERS WASHINGTON BAR ONLY Mr. W. E. Bennett Finance Director City of Renton Municipal Building 200 Mill Avenue South Renton, WA 98055 Re: City of Renton v. Summers, et al. (LID No. 302) Dear Mr. Bennett: Enclosed you will find a copy of the Notice of Appearance which we have received from Mr. Steven Hale who will be repre- senting the majority of the defendants in this foreclosure action. He has told me that he will have his Answer to our Complaint to us within a few days. If you have any questions, please call. Very truly yours, ROBERTS & SHEFELMAN ;j7_406.%e. Blair B. Burroughs BBB:kbs enclosure rVI. : _ . � . 1\UG2 7 1951 gEFELMAN ROBERTS 24, Q A 1 I1 J IOR COURT OF THE STATE OF WASHINGTON 2 IN AND FOR THE COUNTY OF KING 3. • CITY OF RENTON, a municipal ) . 4 corporation, ) • 5 Plaintiff, ) NO. 81-2-11419-9 6 v. ) NOTICE OF APPEARANCE ) 7 MILDRED M. SUMMERS and JOHN )• DOE SUMMERS; BEMP ASSOCIATES, ) . 8 a Washington general .partner- ) ship; PATRICK T. EASTER and ) 9 ROSEMARY EASTER; DELBERT C. ) BENNETT and BETTE BENNETT; ) 10 JACK K. McCANN and MARY . ) McCANN; MARCUS K. PARTIN and ) . 11 JANE DOE PARTIN; KEITH L. ) SUMMERS and JANE DOE SUMMERS; ) 12 ROBERT WILLIAM EDWARDS and. ) JANE DOE EDWARDS; FRANK ) 13 EDWARDS, JR. , and JANE DOE ) EDWARDS; and COMSTOCK REALTY •) • 14 COMPANY, a Washington corpor- ) ation; THE UNKNOWN HEIRS QF ) 15 MARY DOE, DECEASED; ALSO ALL, ) OTHER PERSONS OR PARTIES ) 7 16 UNKNOWN CLAIMING ANY RIGHT, . ) TITLE, ESTATE, LIEN OR ) , 17 INTEREST IN THE REAL ESTATE ) DESCRIBED IN THE COMPLAINT, ) . 18 ) Defendants. r ) 19 ) 20 • To the Plaintiff above named, and 21 To Blair B. Burroughs, of Roberts & Shefelman,. attorneys of 22 . record, . . 23 . YOU AND EACH OF YOU WILL PLEASE TAKE NOTICE that Patrick T. 24 Easter and Rosemary Easter, Delbert C. Bennett and Bette Bennett, 25 Jack K. McCann and Mary McCann, Marcus K. Partin and Jane Doe 26 Partin, and Comstock Realty Company hereby appear in the above- 27 entitled cause by the undersigned attorneys and request that all 28 // 29 30 // - .. NOTICE OF APPEARANCE CABLE,BARRETT,LANGENBACH Fw McINERNEY ATTORNEYS AT LAW 1900 FOURTH&BLANCHARD BUILDING SEATTLE,WASHINGTON 98121 (206)464-1900 • ff . 1 further papers and pleadings herein, except original process , be 2 served upon the undersigned attorneys at the address below stated. 3 1_ • 4 "v Steven W. Hale 5 Of Cable, Barrett, Langenbach & McInerney 6 Attorneys for Defendants Patrick T. Easter and Rosemary Easter, 7 Delbert C. Bennett and Bette Bennett, Jack K. McCann and Mary 8 McCann, Marcus K. Partin and Jane Doe Partin, and Comstock Realty 9 Company 1900 Fourth & Blanchard Building 10 2121 Fourth Avenue Seattle, WA 98121 11 (206) 464-1900 12 13 14 • . 15 16 0 17 18 i• 19 20 21 22 23 24 25 • 26 27 28 29 30 NOTICE OF APPEARANCE - 2 CABLE,BARRETT,LANGENBACH&McINERNEY ATTORNE VS AT LAW 1900 FOURTH&BLANCHARD BUILDING SEATTLE,WASHINGTON 98121 (206)464-1900 .KOBERTS & SHEFELMAN (ROBERTS, SHEFELMAN, LAWRENCE, GAY & MOCII) COVNAF:L 4100 SEAFIRST FIFTH AVENUE PLAZA OF COUNSEL HAROLD S.SIIEFEI.MIAN 800 FIFTH AVENUEW.N.APPEL ROGERROGF;R W.UL•uHOCK• JAMES GAY DIANF:D.KF:NNY SEATTLE, WASHINGTON 98104 JAMES P.WETER(1877-1959) ROBERT G.�foc17 JON W.J \c i.Eon GEORGE M.NIACK I•AUI.L.AHERN,Jet. V. F.DI.R09E RTP(1880d 973) BRIAN L.COMSTOCK TF:RFISA BIGELOW (206) 622-1818 TIMOTHY R.CLIFFORD RGI;YR L.IIL'UAO\• ANCHORAGE OFFICE • LEE R.VOORIHEES.JR. DAVID B.HUKEY ` DAVID R.SWEENEY BLAIR B.BURROUGHS• SUITE 1500 _ • •WILLI MG.TONKIN LINDA R.RADOFF 2550 DENALI STREET DAVID A.BENNETT PAUL W.ICOYAL• ANCHORAGE. ALASKA 99503 ROBERT H.CA\IPBELL KAREN S.WATTS (907) 270-1358 ROBERT G.:MULLENDORE•• JUDITH A.SIIULMAN GARY N.ACKERMAN WAITER T.FF.ATHERLY III• TELECOPIF.RA ROGER A.JIYKLERUST MIICHAEL II.RORICK SE.\TTLF. (20$)024 3090 AMY II.GALLAGHER • ANCHORAGE (907)27$-$:I39 •ALASKA BAR •• ALASKNAND WASHINGTON' BARS September 2, 19 81 ALL(YCHERS WASHINGTON BAR ONI.I' • Mr. Maurice E. -Sutton . Jones, Grey & Bayley, P.S . • 14th Floor, Norton Building • Seattle, WA 98104 Re: .City of Renton v. Summers, et al. (LID No. 302) • Dear Mr. Sutton: Enclosed are the documents which you requested relating to Local Improvement District No. 302 for the City of Renton. • If I may be of any further assistance, please call. Very truly yours, ROBERTS & SHEFELMAN o;;V::114:1' Blair B. Burroughs • BBB:kbs • • enclosures • • • cc: W. E. Bennett • • • ,I0 from Me desk 9f. . . . . 1-4•NeTO TED BENNETT, FINANCE DEPT. • ///5'y -,1 d-ee- (7). ,e7"lc 7 goo / 1-::---,4•77./ Z-1". 87/L9I • (-7( /7//r1.4 1:-` /9 5 er " ' 7 re2 pc/ aZre 4 7,e,/tif /1:e'r S- /,.:s 7„--/c 4-re 0 LAW OFFICES ROBERTS, SHEFELMAN, LAWRENCE COUNSEL GAY MOCH VICTOR D.LAWRENCE HAROLD S.SHEFELMAN 1818 IBM BUILDING RETIRED JAMES GAY JON W.MACLEOD SEATTLE, WASHINGTON 98101 ROBERT G.MOCH PAUL L AHERN,JR. JAMES P.WETER(1877-1959) 973) GEORGE M.MACK STEVEN E.CUMMINGS (206)622.1 81 8 F.M.ROBERTS HARPER(RETIRED) BRIAN L COMSTOCK TERESA V.BIGELOW JAMES C. (RETIRED) TIMOTHY R.CLIFFORD ROGER L.HUDSON•• TELECOPIER 0 JAMES S.TURNER DAVID B.BUKEY (206)624-2666 SUITE LEE R.VOORHEES,JR BLAIR B.BURROUGHS • 2550 DENALI STREET DAVID B.SWEENEY LINDA R.RADOFF ANCHORAGE ALASKA 99503 WILLIAM G.TONKIN PAUL W.KOVAL•• (907)276.1358 DAVID A.BENNETT KAREN S.WATTS ROBERT H.CAMPBELL JUDITH A.SHULMAN July 31, 1981 ANCHORAGE TELECOPIER . ROBERT G.MULLENDORE• WALTER T.FEATHERLY HP. (907)272-8332 GARY N.ACKERMAN MICHAEL H.RORICK ROGER A.MYKLEBUST AMY H.GALLAGHER DIANE D.KENNY Mr. Ted Bennett City of Renton • . 200 Mill Avenue South Renton, Washington 98055 Re: City of Renton v. Summers, et al. (LID 302) . Dear Mr. Bennett: Enclosed is a copy of the Summons and Complaint and Lis Pendens to close the delinquent local improvement assessments for LID 302. • Service upon the defendants has been commenced. . If you have any .questions, please call. We will keep you advised of the progress of the lawsuit. Very truly yours, ROBERTS & SHEFELMAN . ..,,i4;, ,, ,,,,,,,„_,,,,,,J Blair B. Burroughs BBB/ b Encl res 6/4,1to i t:/!,6(;.!-(-7..,. e-71--- S7/:? ---"sV---*C4'/'Pli-1,-(''..S'e. 4_ . .„., it,__ 6,.:‘,.64,c„...„:„,/ . A..,7,!..;(1 ,,,,,,__.:.,,, ,./.___97 . . . *WASHINGTON STATE AND ALASKA BARS. ••ALASKA BAR ONLY.ALL OTHERS WASHINGTON STATE BAR ONLY. 1 . . • 2 3 4 IN THE SUPERIOR COURT OF THE STATE- OF WASHINGTON FOR KING COUNTY 5 CITY OF RENTON, a municipal ) corporation, ) 6 Plaintiff, ) . ) 7 v. ) ) 8 ) MILDRED M. SUMMERS and JOHN ) NO. 9 DOE SUMMERS; BEMP ASSOCIATES, ) a Washington general partner- ) 10 ship; PATRICK T. EASTER and . . ) - ROSEMARY EASTER; DELBERT C. ) SUMMONS 11 BENNETT and BETTE BENNETT; ) JACK K. McCANN and MARY McCANN; ) . 12 MARCUS K. PARTIN and JANE DOE ) PARTIN; KEITH L. SUMMERS .and - - ). 13 JANE DOE SUMMERS; ROBE1 T WILLIAM ) EDWARDS and JANE DOE EDWARDS; . , ) 14 FRANK EDWARDS, JR. , and JANE DOE ) EDWARDS; and COMSTOCK REALTY. ) . 15 COMPANY, . a Washington corporation; ) . THE UNKNOWN HEIRS OF JOHN DOE, ) 16 DECEASED; THE UNKNOWN HEIRS OF ) MARY DOE, DECEASED; ALSO ALL ) . 17 OTHER PERSONS OR PARTIES UNKNOWN ) . CLAIMING ANY RIGHT, TITLE., ESTATE, ) : 18 LIEN, OR INTEREST IN THE REAL ) ESTATE DESCRIBED IN THE COMPLAINT, ) 19 ) Defendants. ) 20 ) 21 , A lawsuit has been started against you in the above-entitled 22 court by City of Renton, a Washington corporation, plaintiff. Plaintiff's claim is stated inthe written complaint, a copy of 23 which is served upon you with this summons. 24 In order to defend against this lawsuit, you must respond to the complaint by stating your defense in writing, and serve a - 25 copy upon the undersigned attorneys for the plaintiff within 20 days after the service of this summons, excluding the date of 26 service, or a default judgment may be, entered against you without notice. A default judgment is one where plaintiff is entitled to 27 what he asks for because you have not responded. If you serve a notice of appearance on the undersigned attorneys, you are entitles 28.. to notice before a default judgment may be entered. 29 You may demand that the plaintiff file this lawsuit with the court. If you do so, the demand must be in writing and must be 30. . served upon the plaintiff. Within fourteen (14) days after you Summons - 1 ROBERTS&SHEFELMAN : - 4100 SEAFIRST FIFTH AVENUE PLAZA • _ S00 FIFTH AVENUE SEATTLE,WASHINGTON 98104 (20616'[2-t818 • 1 serve the demand., the plaintiff must file this lawsuit with the 2 court, or the service .on. you of this summons and complaint. will be void. . 3 If you wish to seek the advice of an attorney in this matter, 4 you should do so promptly so that your written response, if any, may be served on. time. . 5 This summons is issued pursuant. to Rule 4 of the Superior 6_ Court Rules of the State of Washington. . 7 Dated this .31st day of July, 1981. . . 8 ROBERTS &' SHEFELMAN 9 • 10 lair B.. Burroughs 11 Attorneys for Plaintiff 12 13 14 15 16 17 18 19 . 20 21 22 23 . 24 25 • 26 • 2? 28 29 • 30 Summons - 2 . ROBERTS a SHEFELMAN 4100 SEAFIRST FIFTH AVENUE PLAZA _ 800 FIFTH AVENUE • . SEATTLE,WASHINGTON 98104 (206)622.1818 1 2 3 4 IN THE SUPERIOR COURT OF THE STATE OF. WASHINGTON FOR KING COUNTY 5 CITY OF RENTON, a municipal ) corporation, . . ) 6. ) NO. Plaintiff, ) 7 ) COMPLAINT FOR FORECLOSURE vs. ) OF LOCAL IMPROVEMENT 8 - ) ASSESSMENT LIENS MILDRED M. SUMMERS and JOHN ) 9 DOE SUMMERS; BEMP ASSOCIATES, ) a Washington general partner- ) 10 ship; PATRICK T. EASTER and ) ROSEMARY EASTER; DELBERT C. ) . 11 BENNETT and BETTE BENNETT; ) JACK K. McCANN and MARY McCANN; ) 12 MARCUS K. PARTIN and JANE DOE ) PARTIN; KEITH L. SUMMERS and . ) ' 13 JANE DOE SUMMERS; ROBERT ). . WILLIAM EDWARDS and JANE DOE ) 14 EDWARDS; FRANK EDWARDS, JR. , ) and JANE DOE EDWARDS; and ) 15 COMSTOCK REALTY COMPANY, ) a Washington corporation; . ) 16 THE UNKNOWN HEIRS OF JOHN DOE, ) DECEASED; THE UNKNOWN HEIRS OF ) 17 MARY DOE, DECEASED; ALSO ALL ) OTHER PERSONS OR PARTIES ) . 18 UNKNOWN CLAIMING ANY RIGHT, ) TITLE, ESTATE, LIEN OR INTEREST ) 19 IN THE REAL ESTATE, LIEN OR ) INTEREST IN THE REAL ESTATE ) 20 DESCRIBED IN THE COMPLAINT, ) . ) 21 Defendants. ) ) 22 23 Plaintiff, the City of Renton ("City") , pursuant to RCW 24 35.50.230 brings these two actions to foreclose delinquent local 25 ' improvement assessment liens and alleges: 26 I� 27 COMPLAINT TO FORECLOSE LOCAL IMPROVEMENT LIEN ON ASSESSMENT 28 PARCEL NO. 19 29 1. Plaintiff. The City is a municipal corporation organ- 30 ized under the laws of the state of Washington. Complaint for Foreclosure - 1 ROBERTS. SHEFELMAN, LAWRENCE.GAY&MOCH LAWYERS IBIS IBM BUILDING SEATTLE 913101 622-1818 ' • 1 2 . Defendants. 2 2.1 Mildred M. Summers and John Doe Summers are 3 married and reside in King County, Washington. 4 2. 2 Patrick T. Easter and Rosemary Easter are 5. married and reside in King County, Washington. 6 2.3 Delbert C. Bennett and Bette Bennett are married 7 and reside in King County, Washington. 8 2.4 Jack K. McCann and Mary McCann are married and 9 reside in King County, Washington. 10 2.5 Marcus K. Partin and Jane Doe Partin are married 11 and reside in King County, Washington. 12 2.6 Keith L. Summers and Jane Doe Summers are married 13 and reside in King County, Washington. 14 2.7 BEMP Associates is believed to be a Washington 15 partnership composed of defendants Marcus K. Partin and Jane Doe 16 Partin, Patrick L. Easter and Rosemary Easter, Jack K. McCann and 17 Mary McCann, and Delbert C. Bennett and Bette Bennett. 18 2.8 The unknown heirs of John Doe, deceased;. the 19 unknown heirs of Mary Doe, deceased; also all other persons or 20 parties unknown claiming any right, title, estate, lien or interest 21 in the real estate, lien or interest in the real estate described 22 in the Complaint. 23 3 . Local Improvement District No. 302 . 24 3.1 Local Improvement District ( "LID" ) No. 302 was 25 formed and authorized by the passage of Ordinance No. 3202 by the 26 Renton City Council . 27 3. 2 The improvements authorized by Ordinance No. 3202 28 were completed and accepted by the City early in 1980 . 29 3.3 After the completion of the improvements for 30 Local Improvement District No. 302, the City levied an assessment Complaint for Foreclosure - 2 ROBERTS, SHEFELMAN, LAWRENCE, GAY 8 MOCH LAWYERS 1818 IBM BUILDING SEATTLE 98101 622-181S • , 1 for the improvements in the amount of $168,002.80 against the 2 following described real property: 3 . The North half of the Southwest Quarter of the Southwest Quarter of Section 19, Township 23 North, 4 Range 5; except the East 40 feet thereof condemned by the City of Renton in King County Superior Court 5 Cause No. 847917 for Lind Avenue S.W. 6 This real property has been designated Parcel No. 19 by the City 7 of Renton for assessment purposes. . 8 3.4 The assessment levied against Parcel No. 19 = 9 was confirmed by the City of Kirkland by the passage of Ordinance 10 No. 3402. Ordinance No. 3402 provided that the assessment was 11 payable in fifteen annual installments plus interest at 11.45% per 12 annum from April 10 , 1980 . 13 3.5 The first annual installment of the assessment 14 levied against Parcel No. 19 was due on April 10 , 1981. 15 3.6 Although demand has been made, the first install-. 16 ment of the assessment levied against Parcel No. 19 has not been 17 . paid. There is currently due and owing on Parcel No. 19 the sum 18 of $32,987.16, which includes the principal sum due of $11,200.19, 19 together with interest from April 10 , 1980 to April 10 , 1981, at 20 . 11.45% per annum totaling $19,202.72, and a penalty of $2,584 .25. 21 . 4. Claims of Defendants. Each of the defendants named in 22 paragraph 2 above claims some right, title, interest, lien, or 23 estate in the real property described in paragraph 3.3 above and 24 such claims and any right, title, interest, lien, or estate are 25 subordinate and subject to the assessment lien of the City under 26 RCW 35.50.010 . The City' s assessment lien is subject only to any 27 general taxes which may be owing on this property. 28 . 29 30. Complaint for Foreclosure - 3 ROBERTS&SHEFELMAN 4100 SEAFIRST FIFTH AVENUE PLAZA 600 FIFTH AVENUE SEATTLE,WASHINGTON 98104 (206)822.1818 • • 1 5. Foreclosure. The City is entitled to foreclose the 2 interests of all defendants in the above described real property 3 under Chapter 35.50 RCW. 4 6. No Other Action. No other action has been instituted 5 to recover the assessment owed to the City by the defendants named 6 in paragraph 2 above. 7 7 . Possession. None of the defendants named in paragraph 8 2 above is entitled to possession of the real property described ,: 9 above in paragraph 3.3 during the period of redemption following a 10 sheriff' s sale made pursuant to the decree of foreclosure sought in 11 this action. The purchaser at such a sheriff' s sale is or will be 12 entitled to sole possession of the real property described above. 13 8. Request for Relief. " 14 8.1 Judgment. The City requests that judgment be 15 entered declaring that the assessment levied against the above 16 described real property i,s valid and delinquent and may be fore- 17 " closed and that the City is entitled to such costs and attorneys' 18 fees as permitted by law. 19 '8.2 Foreclosure. The City requests that it's assess- 20 ment lien for local improvements be declared a first lien upon the 21 real property described above and that the City' s lien be fore- 22 closed and the property subject to that lien be sold at a fore- 23 closure sale in the manner provided by law. The proceeds of that 24 sale are to be applied to the delinquent assessment, together. with 25 insurance or repairs necessary to prevent the impairment of the 26 security, and together with costs and attorneys' fees as permitted 27 by law. 28 8.3 Redemption. The period of redemption shall be 29 , two years from the date of the sheriff' s sale, and the sheriff 30 ' 4 ROBERTS, SHEFELMAN, Complaint for Foreclosure - LAWRENCE,GAY a MOCH LAWYERS .IBIS IBM BUILDING SEATTLE 98101 622-1818 1 shall be ordered to issue a sheriff' s deed to the purchaser 2 thereof after termination of the two-year period. 3' 8.4 Foreclosure of Defendants' Rights. The City 4 requests that, by this foreclosure and sale, the rights of each 5 of the defendants and any person claiming through them shall be 6 adjudged inferior to the City' s lien and shall be forever fore- 7 closed except for the statutory right of redemption. 8 8.5 Plaintiff Allowed to Be Bidder. The City requests 9 permission to become a bidder and purchaser at the sheriff' s sale 10 and that as purchaser it be given immediate possession of the 11 property. 12 II. 13 COMPLAINT TO FORECLOSE LOCAL IMPROVEMENT LIEN ON ASSESSMENT PARCEL NO. 20 14 1 . Plaintiff. The City is a municipal corporation organ- 15 ized under the laws of the state of Washington. 16 2. Defendants. 17 2.1 Robert William Edwards and Jane Doe Edwards are 18 19 . married and reside in King County, Washington. 2. 2 Frank Edwards, Jr. and Jane Doe Edwards are 20: married and reside in King County, Washington. 21 . 22 2.3 Jack K. McCann and Mary McCann are married and 23 reside in King County, Washington. 24 2.4 Delbert C. Bennett and Bette Bennett are married 25 and reside in King County, Washington. 26 2.5 Marcus K. Partin and Jane Doe Partin are married 27 and reside in King County, Washington. 28 2.6 . Patrick L. Easter and Rosemary Easter are married 29 and reside in King County, Washington. 30 . ROBERTS. SHEFELMAN, Complaint for Foreclosure - 5 LAWRENCE, GAY F.MOCH LAWYERS 1B10 IBM BUILDING SEATTLE 98101 622-1616 • 1 2.7 Comstock Realty Company, is a Washington corpora- 2 tion doing business in King County, Washington. 3 2.8 BEMP Associates is believed to be a Washington 4 partnership composed of defendants Marcus K. Partin and Jane Doe 5 Partin, Patrick L. Easter and Rosemary Easter, Jack K. McCann and 6 Mary McCann, and Delbert C. Bennett and Bette Bennett. 7 2.9 The unknown heirs .of John Doe, deceased; the 8 unknown heirs of Mary Doe, deceased; also all other persons or 9 parties unknown claiming any right, title, estate, lien or interest 10 in the real estate, lien or interest in the real estate described 11 in the Complaint. 12 ' 3. Local Improvement District No. 302. 13 3.1 Local Improvement District ( "LID") No. 302 was 14 formed and authorized by the passage of Ordinance No. 3202 by the 15 Renton City Council . 16 3.2 The improvements authorized by Ordinance No. 3202 17 were completed and accepted by the City early in 1980. 18 3.3 After the completion of the improvements for 19 Local Improvement District No.' 302 , the City levied an assessment 20 for the improvements in the amount of $168,002 .80 against the 21 following described real property: 22 The South half of the Southwest Quarter of the 23 Southwest Quarter of. Section 19 , Township 23 North, Range 5 East, W.M. , in King County, Washington; 24 except the East 40 feet thereof condemned by the City of Renton of King County Superior Court Cause No. 847917 for Lind Avenue S.W. 25 26 ' This real property has been designated Parcel No. 20 by the City 27 of Renton for assessment purposes. 28 3.4 The assessment levied against Parcel No. 20 was 29 confirmed by the City of Kirkland y. the passage of Ordinance No. 30 3402. Ordinance No. 3402 provided that the assessment was payable Complaint for Foreclosure -, 6 ROBERTS, SHEFELMAN, LAWRENCE, GAY&MOCH LAWYERS ' IBIS IBM BUILDING SEATTLE 98101 • 622-1818 1 in fifteen annual installments plus interest at 11.45% per annum 2 from April 10, 1980. 3 3.5 The first annual installment of the assessment 4 levied against Parcel No. 20 was due on April 10, 1981 . 5 3.6 Although demand has been made, the installment of 6 the assessment levied against Parcel No. 20 has not been paid. 7 There is currently due and owing on Parcel No. 20 the sum of. 8 $32,987.16, which includes the principal sum due of $11,200.19, 9 together with interest from April 10 , 1980, to April 10 , 1981 at 10 11.45% per annum totaling $19 ,202.72, and a penalty of $2 ,584.25. 11 4. Claims of Defendants. Each of the defendants named in 12 paragraph 2 above claims some right, title, interest, lien, or 13 estate in the real property described in paragraph 3.3 above and 14 such claims and any right, title, interest, lien, or estate are 15 subordinate and subject to the assessment lien of the City under 16 RCW 35.50.010 . The City' s assessment lien is subject only to any' 17 general taxes which may be•. owing on this property. 18 5: Foreclosure. The City is entitled to foreclose the 19 interests of all defendants in the above described real property•. 20 under Chapter .35.50 RCW. ' 21 6. No Other Action. No other action has been instituted 22 to recover the assessment owed to the City by the defendants named 23 in paragraph 2 above. 24 7. Possession. None of the defendants named in paragraph 25 . '2 above is entitled to possession of the real property described 26 above in paragraph 3.3 during the period of redemption following a 27 sheriff' s sale made pursuant to the decree of foreclosure sought 28 in this action. The purchaser at such a sheriff's sale is or will 29 be entitled to sole possession of the real property described above , 30 ' Complaint for Foreclosure - 7 ROBERTS 8 SHEFELMAN 4100 SEAFIRST FIFTH AVENUE PLAZA 800 FIFTH AVENUE SEATTLE,WASHINGTON 98104 1206)622-1818 r . 1 8 . Request for Relief. 2 8.1 Judgment. The City requests that judgment be 3 entered declaring that the assessment levied against the above 4 described real property is valid and delinquent and may be fore- closed and that the City is entitled to such costs and attorneys' 6 fees as permitted by law. 7 8.2 Foreclosure. The City requests that its assess- 8 ment lien for local improvements be declared a first lien upon the 9 real property described above and that the City' s lien be fore- 10 closed and the property subject to that lien be sold at a fore- 11 closure sale in the manner provided by law. The proceeds of that 12 sale are to be applied to the delinquent assessment, together with 13 insurance or repairs necessary to prevent the impairment of the 14 security, and together with costs and attorneys' fees as permitted 15 by law. ' 16 8.3 Redemption. • The period of redemption shall be 17 two years from the date of the sheriff' s sale, and the sheriff 18 shall be ordered to issue a sheriff' s deed to the purchaser 19 thereof after termination of the two-year period. 20 8.4 Foreclosure of Defendants' Rights. The City 21 requests that, by this foreclosure and sale, the rights of each 22 of the defendants and any person claiming through them shall be 23 adjudged inferior to the City' s lien and shall be forever fore- 24 closed except for the statutory right of redemption. 25 8.5 Plaintiff Allowed to Be Bidder. The City requests . 26 permission to become a bidder and purchaser at the sheriff's sale 27 and that as purchaser it be given immediate possession of the 28 property. 29 ROBERTS & SHEFELMAN 30 By �� Q B air B. Burroug s Attorneys for Plainti Complaint for Foreclosure - 8 ROBERTS. SHEFELMAN, BBB3/B1 LAWRENCE.GAY a MOCH LAWYERS IBM IBM BUILDING SEATTLE 98101 622-IBIS • LAW OFFICES ROBERTS, SHEFELMAN, LAWRENCE COUNSEL • GAY & MOCH OF COUNSEL HAROLD S.SHEFELMAN 181 8 IBM BUILDING VICTOR D.LAWRENCE JAMES GAY DIANE D.KENNY SEATTLE. WASHINGTON 98101 JAMES P.WETER(1877-1959) ROBERT G.MOCH JON W.MACLEOD F.M.ROBERTS(1880.1973) GEORGE M MACK PAUL L.AHERN.JR. (206)622-1 81 8 JAMES C.HARPER(RETIRED) BRIAN L.COMSTOCK STEVEN E.CUMMINGS TIMOTHY R.CLIFFORD TERESA V.BIGELOW TELECOPIER SUITE 1500 JAMES S.TURNER ROGER L.HUDSON•• (206)624.2666 2550 DENALI STREET LEE R.VOORHEES.JR. DAVID B.BUKEY ANCHORAGE.ALASKA 99503 WILLIAM N.APPEL BLAIR B.BURROUGHS • (907)276.1358 DAVID B.SWEENEY LINDA R.RADOFF WILLIAM G.TONKIN PAUL W.KOVAL•• DAVID A.BENNETT KAREN S.WATTS • ANCHORAGE TELECOPIER ROBERT H.CAMPBELL JUDITH A.SHULMAN (907)272-8332 ROBERT G.MULLENDORE• WALTER T.FEATHERLY III••GARY N. AN MICHAEL H.RORICK June une 1, 1981 ROGER A..MYKLEBUST • • • BEMP Associates 17422 - 108th Avenue S.E. Renton, Washington 98055 Re: Delinquent Assessment for LID No. 302 • Dear Sir: This law firm represents the City of Renton. The City informs us that the yearly installment payment for your local improvement district assessment, which was due from you on April 10, 1981, is now delinquent. The amount currently due and owing is $32, 987.16, which includes principal, interest, and a late penalty as provided by ordinance. A substantial benefit has been provided to your property by Local Improvement District No. 302. The City of Renton is entitled . • to recover the cost of providing you with those benefits. There- fore, if the sum of $32, 987.16 is not received by the City within ten days of the date of this letter, we shall regretfully be forced to commence a lawsuit against you and your property to foreclose • the City' s assessment lien. Foreclosure of the City' s lien will result in the sale of your property in order to secure payment. It is in the best interests of all involved that you rectify your delinquent account promptly. If you have any questions, please call.. Very truly yours, ROBERTS, SHEFELMAN, LAWRENCE, GAY & MOCH • • • • Blair B. Burroughs • • BBB:dlb cc : City of Renton • 'WASHINGTON STATE AND ALASKA BARS. ••ALASKA BAR ONLY.ALL OTHERS WASHINGTON STATE BAR ONLY. . si \ . . f LAW OFFICES J ROBERTS, SHEFELMAN, LAWRENCE GAY 8c MOCH OF COUNSEL COUNSEL HAROLD S.SHEFELMAN 1818 IBM BUILDING VICTOR D.LAWRENCE JAMES GAY DIANE D.KENNY SEATTLE,WASHINGTON 98101 JAMES P.WETER(1877.1959) ROBERT G.MOCH - JON W.MACLEOD F.M.ROBERTS 11880.1 973) GEORGE M MACK PAUL L.AHERN.JR. (206)622-1 81 8 JAMES C.HARPER(RETIRED) BRIAN L.COMSTOCK STEVEN E.CUMMINGS • - TIMOTHY R.CLIFFORD TERESA V.BIGELOW TELECOPIER SUITE 1 500 JAMES S.TURNER ' ROGER L.HUDSON•• (206)624.2666 2550 DENALI STREET LEE R.VOORHEES.JR. DAVID B.BUKEY _ . ANCHORAGE.ALASKA 99503 . WILLIAM N.APPEL • BLAIR B.BURROUGHS (907)276.1358 DAVID B.SWEEENEY LINDA R.RADOFF • WILLIAM G.TONKIN PAUL W.KOVAL•• ANCHORAGE TELECOPIER DAVID A BENNETT KAREN S.WATTS ROBERT H.CAMPBELL JUDITH A.SHULMAN (907)272-8332 ROBERT G.MULLENDORE' WALTER T.FEATHERLY III•• ' June 1, .19 81 GARY N.ACKERMAN MICHAEL H.RORICK ROGER A.MYKLEBUST Commercial Pacific Brokerage 17422 - 108th Avenue S.E. Renton, Washington 98055 Re : Delinquent Assessment for LID No. 302 Dear Sir: . This law firm represents the City of Renton. The City informs us that the yearly installment payment for your local improvement district assessment, which was due from you on April 10., 1981, is now delinquent. The amount currently due and owing is $32, 987.16, which includes principal, interest, and a late penalty as provided by ordinance. A substantial benefit has been provided to your property by • Local Improvement District No. 302. The City of Renton is entitled to recover the cost of providing you with those benefits. There- fore, if the sum of $32, 987.16 is not received by the City within ten days of the date of this letter, we shall regretfully be forced to commence a lawsuit against you and your property to foreclose the City' s assessment lien. Foreclosure of the City' s lien will result in the sale of your property in order to secure payment. It is in the best interests of all involved that you rectify your delinquent account promptly. If you have any questions, please call. Very truly yours, ROBERTS, SHEFELMAN, LAWRENCE, GAY & MOCH Blair B. Burroughs . • BBB:dlb cc:- City of Renton . • • WASHINGTON STATE AND ALASKA BARS. "ALASKA BAR ONLY.ALL OTHERS WASHINGTON STATE BAR ONLY. • OF 111 41 ,iNg.tes. ° THE CITY OF RENTON s *- MUNICIPAL BUILDING 200 MILL AVE. SO. RENTON,WASH.98055 nNAL BARBARA Y. SHINPOCH, MAYOR • W.E. BENNETT. ACTING DIRECTOR FINANCE DEPARTMENT 0,9gT�D SEPIE'�0 May 22, 1981 Mr. Blair Burroughs Roberts, Shefelman, Lawrence, Gay & Moch 1818 IBM. Building Seattle, Washington 98101 Re; Delinquent Assessments, LID #302 Dear Blair: Per our conversation this date, enclosed is a copy of the individual participant control record for BEMP (Parcel 19) and Commercial Pacific Brokerage (Parcel 20) . These records will provide you with the necessary information. The interest rate on the outstanding assessments is 11 .43% and the penalty is 8.50%. Please don't hesitate to call if you require more information. Very truly yours, W. E. Bennett . Acting Finance Director lit OF R4,,, ° THE CITY OF RENTON w A` MUNICIPAL BUILDING 200 MILL AVE.SO. RENTON,WASH.98055 z -"k% o o � � BARBARA Y. SHINPOCH, MAYOR • W.E. BENNETT, ACTING DIRECTOR 9,0 co' FINANCE DEPARTMENT 0 4T FD SEP1 ''0�P May1,1981 Campbell, Waterman Inc. 1215 Fourth Ave. Seattle, Wash. 98161 Dear Sir: The check for bond redemption enclosed for $10,000.00. The coupons were not attached for payment for 1981. Any questions call 235-2607. Sincerly, Edna Johnson, clerk OF R4,. Q z THE CITY OF RENTON 4$ MUNICIPAL BUILDING 200 MILL AVE.SO. RENTON.WASH. 98055 n BARBARA Y. SHINPOCH. MAYOR • W.E. BENNETT. ACTING DIRECTOR 0-9 co- FINANCE DEPARTMENT 0g7' ED SEPIE;O April 27, 1981 Mr. William N. Appel Roberts, Shefelman, Lawrence, Gay & Moch 1818 IBM Building Seattle, WA 98101 RE: Delinquent Assessments, LID #302 Dear Bill : The first annual installment on LID #302 was due on April 10th and there were only two (2) parcels who did not pay. I understand from Dick Kennedy that there is an accelerated foreclosure procedure and you are ready to proceed with same as soon as you receive that necessary information. Delbert Bennett is involved in both parcels and I called him to see if they planned to make their payment. He advised that two of the owners wanted to and two didn' t, so they decided not to.pay. Enclosed is information on the two parcels as they appeared on the final assessment roll . The name on parcel #20 has been changed to Commercial Pacific Brokerage and you can mail your communications to: Mr. Delbert Bennett c/o Belterra Development Corp. 17422 - 108th Ave. SE • Renton, WA 98055 If you need additional information, don' t hesitate to contact me. Very truly yours, W.E. Bennett, Acting Finance Director WEB/st cc: Dick Kennedy City Attorney COUNSEL HAROLD S.SHEFELMAN LAW OFFICES JOHN E.HAVELOCK VICTOR D.LAWRENCE ROBERTS, SHEFELMAN, LAWRENCE, GAY & MOCH JAMES P.WETER 118 77-19 5 9) F.M.ROBERTS(1880-1973) 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 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 April 23, 1981 JON W. Mwc LEOD PAUL L.AHERN,JR. WILLIAM H SONG STEVEN E.CUMMINGS TERESA V. BIGELOW Mr. W. E. Bennett Acting Finance Director The City of Renton Municipal Building 200 Mill Avenue South Renton, WA 98055 Re: Amended Letter of Credit, LID #302 Dear Ted: We have your letter of April 8, 1981, enclosing a copy of amended (replacement) letter of credit number 14238 dated April 6, 1981 , issued in favor of the City of Renton for the account of Glacier Park Company in the amount of $462,930 .78 . We construe the letter of credit to be issued in favor of the City of Renton for the benefit of Local Improvement Fund, District No. 302, and as construed we approve such form of amended letter of credit. Very truly yours, ROBERTS, SHEFELMAN, LAWRENCE, GAY & MOCH YIV) William N. Appel WNA:mbe cc: James Gay, Esq. Mr. Richard Kennedy Mr. Frank H. Coyne •WASHINGTON STATE AND ALASKA BARS, **ALASKA BAR ONLY. ALL OTHERS WASHINGTON STATE BAR ONLY. PUBLIC NOTICE CITY OF RENTON • DEPARTMENT OF FINANCE NOTICE OF BOND REDEMPTION NOTICE IS HEREBY GIVEN THAT ON THE 1st DAY OF MAY, 1981 , I SHALL UPON PRESENTATION AT THE OFFICE OF THE DEPARTMENT OF FINANCE OF THE CITY OF RENTON, WASHINGTON, REDEEM TIE FOLLOWING BONDS: CITY OF RENTON, LOCAL IMPROVEMENT DISTRICT 302 DATED MAY 1 , 1980 , BONDS NUMBER FOUR-HUNDRED EIGHTY-ONE (481) TO FIVE-HUNDRED FIFTEEN (515) INCLUSIVE. INTEREST ON THE ABOVE BONDS WILL CEASE MAY 1 , 1981 . W. E. Bennett Acting Finance Director City of Renton, Washington Published in the Renton Record Chronicle April 17, 1981 • -� 4101 L 3oZ • Affidavit of Publication STATE OF WASHINGTON COUNTY OF KING ss. Michele Roe being first duly sworn on oath,deposes and says that hqs the Chief Clerk 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 months prior to the date of publication referred to, printed and published in the English language continually as a newspaper 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 aforesaid place of publication of said newspaper.That the Daily Record Chronicle has been approved 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 annexed is a XXIX NO t.sM...RQ47)4. ri PUBLICOTICE,;x;,.. as it was published in regular issues(and CITY OF RENTON, not in supplement form of said newspaper) once each issue for a period DEP,AgiMENT OF .NOTI OF y BON©`'REDEMPTION "`- of consecutive issues,commencing on the NOTICE4IS HEREBY G1 VEN;that,on the 1st day of °b day of Ape'it 19 81 ,and ending the May„ `149Sn,,r I.•shall- upon presentationV,at the • ice df. - the Department el'_ J ,:the the),ralyt Aenion,` day of ,19 both dates Washingt�o�n,redeem( -. J inclusive, and that such newspaper was regularly distributed to its sub- - _lowing bonds: laV@Q scribers during all of said period. That the full amount of the fee nton,:Locar Improvement District 5302 dated May 90 il. 1980 Bo s1s,number four charged for the foregoing publication is the sum of $ hich hundre.d,eghty-one:(481)0 has been paid in full at the rate of per folio of one hundred words for the five-huridredffifteen(515) first insertion and per folio of one hundred words for each subsequent cl`usiuelnterest'"Cp the insertion. abo've`.boniis will;cease E 11114gBenne Acting Finance EitiZin �,.'yCity of Renton,Wash Chief Mirk Publishedt Ate- Daily Re corT'di�roynicle April 51"e 1981 R647d4, 1-; Subscribed and sworn to before me this 20 day of a t. In rf.¢y� h:•_ • • April, , 19 81 jer ice,.... Notary Pu•lic in and for the ate of Washington, residing at ing 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. V.P.C.Form No.87 Rev.7-79 OF i C► ° THE CITY OF RENTON c) 4$ = z o MUNICIPAL BUILDING 200 MILL AVE. SO. RENTON,WASH.98055 N. pc BARBARA Y. SHINPOCH, MAYOR • W.E. BENNETT. ACTING DIRECTOR D'9,o co' FINANCE DEPARTMENT 04)gTEQ SEP-r°*Q April 1.5, 1981' The Bank of California 910 Fourth Avenue Seattle, Washington 98164 Gentlemen: Please be advised we are calling LID #302, Bonds number 481 to 515 inclusive as of May 1 , 1981 .. Very truly yours, W. E. Bennett Acting Finance Director • 111/ THE BANK OF CALIFORNIA • April 8, 1981 City of Renton Finance Department 200 Mill Avenue South • Renton, Washington 98055 Dear Sir/Madam: Please notify us of anyy bond calls for the following issues: CITY OF RENTON WA LID #302 @11% DTD. 5/1/80 DUE 5/1/97 • • • A return envelope is enclosed for your convenience. If you have a mailing list for calls, please put us on the list for future calls. Thank you for your cooperation in this matter. - Very truly yours, ,C7Y11' Safekeeping Department • • • SEATTLE OFFICE.910 FOURTH AVENUE :'0 i;b,-5100 P.O. BOX 3095,SEATTLE.WASHIN ;TON 95;1.1 0 • OF A THE CITY OF RENTON . - Z MUNICIPAL BUILDING 200 MILL AVE.SO. RENTON,WASH.98055 Z =: no IMMO BARBARA Y. SHINPOCH. MAYOR • W.E. BENNETT. ACTING DIRECTOR 9,0 co' FINANCE DEPARTMENT o9gTee seP��MO�� April 10, 1981 Mr. Pete Sawyer Mobil Oil Corp. Property Tax Department Western Region P.O.Box 290 Dallas, Texas 75221 Dear Mr. Sawyer: • Per our conversation this date, enclosed is a copy of the original collection notice we mailed over one year ago to all participants in Local Improvement District #302. Also enclosed is a copy of the First Annual Installment Notice which was returned to our office today. Both the original collection notice and annual installment notice were mailed to the Los Angeles, California address as shown on the installment notice. Please advise us of the correct address to which we are to send future notices. I thank you for your cooperation on this matter and sincerely hope you were able to get the payment in the mail so as to avoid an additional year's interest. Very truly yours, E. '01. Bennett Acting Finance Director. 111 pF R4, ► ° °-y THE CITY OF RENTON ?, CD" BUILDING 200 MILL AVE.SO. RENTON,WASH.98055 omemBARBARA Y. SHINPOCH, MAYOR • W.E. BENNETT, ACTING DIRECTOR �.o GO' FINANCE DEPARTMENT 0,9g1- e0 SEPleMO April 10, 1981 ' Mr. J. W. Brentson Mobil Oil 6019,F. co,ep P.O.Box 81146. Seattle, Washington 98108 Dear Mr. Brentson: • Pursuant to our conversation this date, enclosed is a copy of the data .sent to Mr. Sawyer in Dallas as well as a copy of the final assessment roll pertaining to your property and a copy of your individual participant record. This is a 15 year assessment roll so 1/15 of your $136,007.93 assessment is due each year plus interest at the rate of 11 .43% on the unpaid principal balance. If you have any questions you may contact me on 235-2526. Very truly yours, • W. E. Bennett . Acting Finance Director Burroughse aktras -For '8if m H5041: -Form G504 Green , . . Initials Date Prepared By . . - /Alf_te 4/_ - Approved By - -CY/AD - "/.///..,1 -/ . (1) (2) (3). - (4) /Vo .. 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'"- '..."' ,•'-4';'.i.1-0.;),?4'-i'3..44P,q..i.,?;4:5'1'•-g-',.4..,.`i...!,..,•'-,--..i:,:••;!:•4,6,...!. .:•,,,,,,:•,::::,3f,,, ..:.i.:..,:„.,:;-„,::-.,.,,;•,,,,-1-......:„.••• ••5„-...s.:.sii,t-,..,:,::::: :6;-,',....,g.' .?,••.:-.•:.'; .•:`,:;•:'.'•:1'....'s':•,..':;-,;.'1,,,,,',ix.-4. .,',!`...,,.i.•..:•.•.--.::'.'•'••..••• ''.--•':. -' • • ' • • ';er.,•'-'-1:..-',.. ):?'-...:,:::',.':',,•,.:.::,,,.,.,.....,..,,,......,...,,:,,'..,...,,,,..,:,--.:',,..4`i;;::: -.:ii.'.v.'.g.",:jg'..''•:-.,.. . iie,-::,.-,.•:.-_-=''.•••'-*=-•,.-"•••;,',•''''''"-'-''''' '• - 1(.41',.-4.:7='',.',4'.....'.;;.....':-..',.'•••..-.,:."-', '••:.., •:.:', -,,:..-.•:.,:,..s.7,-75.',,...-::::-,.(.7>;•.•,1•....,,,•,., ,..,....„,,- .- - P,'•;':.'4,,i',e..'..,. .'.',:.:',..:•:.,..,-,..'-.•:•...,,,...•; ...,..., ,..,... .,. . . . �' '. .. S INTEROFFICE :, '' ,C;O x:`R .�, 's P 0 N D E N C E Date February 2. 1981 To: Ted Bennett, Utility - FROM: Don Monaghan,. .Engineering . _ l' SUBJECT: L I.D. The inspection on the above mentioned project' has been completed. The remaining funds in the amount of '$6,697.63 can be distributed to 'the utility and general funds in. the 'amounts..beiow. 5,767:26 - ' Utility.. Fund $. General: Fund:' $-, '930.37 , tit •• _ - - e f Don Monaghan :ckd .. • Y,I i : , ( /. f5 )„ from :the desk "of.,r. "` + • �, p� TE'D"BENNETT, FINANCE DEPT. • ,, • N'1 • • . June 25, 1980 • Mike: , • Take the following into plant from LID # 302. Water Mains 92 ,797.05 „ " hydrants 48,845.11 Sewer Lines 849,482.75 Sewer Lift Station 39,266.17 • • • • . . ,,, 97/ . • / J • • • • • • • • • ' , r' ~ t -ti1}u'(`4.'.r �.'a'; r,�3y','e •Jr. .. � 1111 1 a'1,• '! :'r •0 `` '. ' ., ''S from_ the desk of . . . . ? O� . TED.BENNETT, FINANCE DEPT. • June 3, 1980 - , �°ry: ' . . . • • Attached is;;a copy of. a letter from. Public Works .to ' . ; Jack Benardya Co•. which- includes comments relative • '- .• to the• system. intertie, •.which I understand you are concerned with.: ., i y .ter; . OF R1 • • o PUBLIC WORKS DEPARTMENT ` DESIGN/UTILITY ENGINEERING 0 235-2631 ammo ",. MUNICIPAL BUILDING 200 MILL AVE.SO. RENTON,WASH.98055 ,9 0 co- 0 !I,ED SEP1�M��Q BARBARA Y. SHINPOCH May 13, 1980 MAYOR Jack Benaroya Company 5950 Sixth Ave. So. Seattle WA 98108 Attention Joel Benoliel , General Council RE: L.I.D. 302 Gentlemen: The following is in response to your letter dating March 4, 1980. I. SYSTEM DEVELOPMENT CREDITS There was a verbal agreement made with the developers of the Orillia Industrial Park (Burlington Northern) and their representatives regarding the installation of the water main in S.W. 19th Street between the Talbot Hill Reservoir and Lind Avenue S.W. This installation did benefit the entire industrial area but was basically required to supply the necessary fire flows required by their development of Division #1 . The estimated cost for this installation was approximately $325,000. At the time the first discussions took place, the exact boundaries of Division #1 had not been established. But the preliminary boundaries -did include the Benaroya property. The agreement was that the City would participate financially in a like amount of the system development charge to be assessed on Division #1 of the development which was $59,179.73 based on the square footage of the • platted Division #1 . The Public Works Department also stated that they would support a latercomers agreement for that portion of main installed between the East Valley Highway and Lind Avenue S.W. in S.W. 19th Street. The above agreement was based on Burlington Northern paying the entire development cost for said installation. It was not understood by the Utility Engineering Office that Benaroya as well as Burlington Northern were participating in the installation of the watermain in S.W. 19th Street by virtue of their Lind Avenue L.I.D. assessment. Therefore, your system development fee should be returned / to you, as Burlington Northern's was excused in lieu of city participa- tion in the installation of the watermain. The amount to be returned to you should be $25,560.69. "\\ RF '/37 84/8- 75/U/hz/5,7 /7 7qt/A 60/7, i'/",.?, 77/.O Z� , .3 C1 a5,_cI.e, �7 (//,/P-6 i ,'(17 f-��fr1,4rs; ,y0//39.3,7g, /3 • M Page•:2. II. SYSTEM INTERTIE REIMBURSEMENT Benaroyas development and fire flows for Buildings #1 , #2, and #3 were originally designed to be supplied by the Lind Avenue water main extension. Due to the delay in their construction temporary fire protection water was required. One alternative was the construction of interties between the cities of Kent and Tukwila to supply temporary fire protection until such time that.Lind Avenue would supply the primary protection. Due to the time commitments Benaroya had with Boeing for delivery, it was decided that the interties were the best source of fire protection. Benaroya then requested the City to make agreements with the cities of Kent and Tukwila for the interties. It was understood that their inter- ties would be metered and be of a permanent nature and that they would require maintenance. Like any metered service these were to .have been turned over to the City for maintenance. • The City as a general rule does not charge for water used in fighting a fire or fire hydrant flushing and maintenance,. but in fact the City has paid the cities of Kent and Tulwila for any water usage registered on said meters. . • Agreements for said interties were- aquired from Kent and Tukwila. These agreements required that no cost would be assessed against either Kent or Tukwila and that the City of Renton would therefore own and maintain said facilities-. Benaroya then requested that the costs for these interties be included in the L.I.D. 302 because they were of a general benefit to the entire industrial area. The Public Works Department supported this request to the City Council , but the City Council denied the request for inclusion in the L. I.D. It should also be noted that these interties were to be for emergency fire protection only and that the intertie agreements allowed the Cities to close and cancel said interties with 20 days notice. Therefore, in the calculations of fire flows in the industrial areas, these interties were excluded from having any value. This theory of value of the inter- ties is somewhat substantiated by.the value of the Kent intertie. In the winter, Kent in the past has had plenty of water available but in the summer months Renton has had to supply -emergency water to them to keep water in 'their reservoirs. In response to your question of inclusion of the tie-in to the reservoir being included in L. I.D. 302 and its' relationship to the City's system development charge, the City's position is as follows. The reservoir tie-in was a general benefit to the properties involved in the entire area of L.I.D. 302 and so was included as a charge to the entire L.I.D. The system development charge fee that is assessed against developing properties as a way of buying into the existing water system and not for future systems. 41101 Page 3. These fees help in repaying the previous revenue bonded projects such as the construction of the new 5 MG /reservoir at Talbot Hill ; well con- struction; and large trunk main construction which is of a general • benefit to the entire city. .The funds from these fees are also used when certain mains installed by developers require oversizing to serve the entire system better. The system development charge is not to be compared with required water system improvements dictated by development of new facilities that are of a specific nature such as industrial development. Properties that have not participated in the .01/sq ft system develop- ment in the City and in particular the industrial areas will continue to pay this assessment. If you have any questions on the above, please contact this office. Very truly yo9e,s, tWar'ren C. Gonnason, P.E. Public Works Director RLO:ckd • OF R�� °, THE CITY OF RENTON _ MUNICIPAL BUILDING 200 MILL AVE.SO. RENTON,WASH.98055 0O ''' '`' BARBARA Y. SHINPOCH, MAYOR • GWEN E.MARSHALL, DIRECTOR 9,0 `O FINANCE DEPARTMENT 0,9gT�D SEP'��O�P May 22, 1980 Edna: Please issue the following checks out of LID #302: Warren & Kellogg 701/271.03.00 4i;2,500.00 City of Renton 701/271.03.00 036,708.54 Write receipt for the City of Renton check & code as follows: 000/338.32.00. d 1,960.97 000/339.32.20 29 6l7.57 000/364.00.00 5,100,00 a36,708.54 I � • Y ;; o' from the desk of. . . . . kNTO TED BENNETT, FINANCE DEPT. S/02/�v l�= pp n-� S C U S 5 0 7/ GCi T/f /Vc)(-7/ ///f,4/ cci G _ 7a O (V 77 - //K c% 7" 1 /5 6 //s lr O o r�r �' / 2/7•/- r "41 S / . g/ g/ /t/ 0 15/14 O. //fF f ,Ct/O. 7 /Jam' 7///- 7— I, A-5 / u'/�/ 6/��1,� /7 r/ /S/..Jr/fir C��/`� '//��r/A/ ro,e- 7 /� r • LAW OFFICES BERTS, SHEFELMAN, LAWRENCE, GA.. ... MOCH 1618 IBM BUILDING SEATTLE,WASHINGTON 98101 TEL.(206) 622-1818 May 1, 1980 • • City of Renton, Washington Legal services as bond counsel including prepara- tion and review of legal proceedings pertaining to Local ' Improvement District No. 302 and including preparation of letter of credit agreement and furnishing approving legal opinion on $4 ,546,930.36 of "Local Improvement District No. 302 Bonds" dated May 1, 1980 (per January 28 , 1980, quotation to Mr. Ted Bennett) $25, 000. 00 Out-of-pocket expenses: Long distance charges (telecopying bond form to printer) $24.36 Federal Express of bond proof to printer 19.. 00 Total 43 .36 Total amount due $25, 043 .36 JG/mlc 02 -O `;� � Wri7/a , s i0 11Qy hr• „von ''' J ti c,1 \, - This statement may not include expense items such as telephone, telegrams,filing fees,etc.for which we have not yet been billed. .. . ., . .. . • '• ' •' ' ••,•1••• 1;;•,..''.' . • ' .,-.'-•,',..::---.• .'. .,'...•.,i '•-:'.,,:::\••",i•••••,, ..•_...1'....•,--•;-,-.4- ---..-- . . 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" ., .,.. . .• ,,..-.; •:.,,..:.,_. .• ,.... .„,,,,,..,.......;...„y....z.,,,..1,..,-,y. ••• ...".. . . 1 . . . . . . . . .. . . . . i . . . . , .. ..,.. ..,.• . . , . • . ,.,..:!, , • " , .. .,. , .: •,:.,..,,•.:•,..t. ,, , • . . .. • . • . . .. " . • , . . . . . . .. . : . . . . . ". . ••••-• —.. , CITY OF RENTON Local Improvement District No. 302 Debt Service Schedule INTEREST COMPUTED FROM 5/ 1/1980 YR ENDING PAYMENT INTEREST INTEREST SEMI-ANNUAL COMBINED TOTAL 5/ 1 DATES PRINCIPAL RATES COST . DEBT SERVICE DEBT SERVICE 1981 111/ 1/1980 0.000 11/ 1/1980 0.000 5/ 1/1981 $ 221930 11.500 $265471.991 $ 487402.351 I 5/ 1/1981 355000 11.000 236500.000 591500.000 $ 1078902.351 1982 111/ 1/1981 119975.000 119975.000 11/ 1/1981 98725.000 98725.000 5/ 1/1982 215000. 11.500 119975.000 334975.000 5/ 1/1982 . 300000 11.000 98725.000 398725.000 952400.000 1983 111/ 1/1982 107612.500, . 107612.500 11/ 1/1982 82225.000 82225.000 . 5/ 1/1983 200000 11.500 107612.500 307612.500 I 5/ 1/1983 275000 11.000 82225.000 357225.000 854675.000 1984 11/ 1/1983 96112.500 96112.500 11/ 1/1983 67100.000 .67100.000 ~ I 5/ 1/1984 195000 11.500 • 96112.500 291112.500 5/ 1/1984 255000 11.000 67100.000 322100.000 776425.000 1985 111/ 1/1984 . . . 84900.000 84900.000 . 11/ 1/1984 53075.000 ' 53075.000 5/ 1/1985 190000 11.500 84900.000 274900.000 I 5/ 1/1985 240000 11.000 53075.000 293075.000 705950.000 1986 111/ 1/1985 /3975.000 73975.000 5 11/ 1/1985 39875.000 39875.000 5/ 1/1986 185000 11.500 73975.000 258975.000 5/ 1/1986 210000 11.000 39875.000 249875.000 622700.000 1987 111/ 1/1986 63337.500 63337.500 11/ 1/1986 . 28325.000 28325.000 .. 5/ 1/1987 180000 11.500 63337.500 ' 243337.500 5/ 1/1987 . 185000 11.000 '28325.000 213325.000 548325.000 1988 111/ 1/1987 52987.500 52987.500 111/ 1/1987 18150.000 18150.000 5/ 1/1988 175000 11.500 52987.500 227987.500 5/ 1/1988 170000 11.000 18150.000 188150.000 487275.000 1989 I 11/ 1/1988 42925.000 42925.000 11/ 1/1988 8800.000 8800.000 j 5/ 1/1989 170000 10.500 42925.000 212925.000 S 5/ 1/1989 160000 11.000 8800.000 168800.000 433450.000 ' 1990' I 11/ 1/1989 34000.000 .34000.000- 5/ 1/1990 165000 10.000._ 34000.000 199000.000 233000.000 1991 111/ 1/1990 25750.000 25750.000 5/ 1/1991 .'- r00000 10.100 25750.000 125750.000 151500.000 1992 111/ 1/1991 20700.000 20700.000 I 5/ 1/1992 100000 10.200 20700.000 120700.000 141400.000 1993 11/ 1/1992 15600.000 15600.000 ' I 5/ 1/1993 100000 10.300 15600.000 115600.000 131200.000 1994 111/. 1/1993 10450.000 ' 10450.000 I 5/ 1/1994 100000 10.400 10450.000 110450.000 120900.000 1995 111/ 1/1994 5250.000 5250.000 I •5/. 1/1995 100000 10.500 5250.000 105250.000 110500.000 TOTALS $4546930 $2801'671.991 $7348602.351 $7348602.351 el imi nary Official Statement • - $4,712,223.98* CITY OF RENTON KING COUNTY, WASHINGTON • LOCAL IMPROVEMENT DISTRICT NO. 302 ' % GUARANTY FUND BONDS • DATED: May 1, 1980 Redeemable Numerically To May 1, 1997 The bonds are dated May 1, 1980 and bear interest from May 1, 1980, and will be available in coupon bearer form with a final maturity of May 1, 1997. Interest is payable on May 1, 1981 and annually thereafter ,on the redemption date or maturity date at the Office of the Treasurer, Renton, Washington. Coupon Bonds are issued in denomination of $5,000 with the exception of Bond Number 1 in the denomination of $2,223.98 • * Preliminary, subject to change upon the sale of the Bonds. • INTEREST EXEMPT, IN THE OPINION OF COUNSEL, FROM AUG PRESENT INCOME TAXES UNDER EXISTING STATUTES AND COURT DECISIONS . REDEMPTION OF BONDS The bonds are callable in, numerical order, lowest number first, at par plus accrued, interest, only up to the amount of cash in Local Improvement District Fund No. 302 at the date of call. The bonds are callable on any interest payment date. The amount of bonds to be retired each year is only an estimate. Bonds may-be called earlier or later than the year shown depending on the accelerated payment ,of property assessments. If bonds are retired earlier than shown the yield will be decreased; similarly, the yield will be increased if delayed. • The bonds will be issued with the approving legal opinion of Roberts, Shefelman, Lawrence Gay & Moch, Bond Counsel of Seattle, Washington which will be printed on the bonds. - INTEREST EXEMPT, IN THE OPINION OF COUNSEL, FROM ALL PRESENT INCOME TAXES. ESTIMATED REDEMPTION SCHEDULE Coupon . Estimated' Approx. Amount Rate • Maturity , Price • Yield 5/1/81 5/1/82 • 5/1/R3 5/1/84 • 5/1/85 5/1/86 5/1/8,7. 5/1/88 5/1/89 • 5/1/90 5/1/91 ' 5/1/92 5/1/93 5./1/94 5/1/95 4 O - THE SECURITY, ASSESSMENT LIEN PRIORITY & FORECLOSURE • The Bonds will be payable from assessments due and payable in annual installments assessed on and collected from the various owners of the properties, within the L.I.D. No. 302, with interest at the rate of %. The entire assessment may be paid at any time on any parcel of property. Section 35.50.010 of the revised code of the State of Washington states, "The assessment lien shall be paramount and superior to any other lien or encumbrance theretofore or thereafter created except a lien for general taxes." If .on the first day of January in any year, two installments of any local improvement assessment are delinquent, or if the final installment has been delinquent for more than one year, foreclosure shall proceed by proceeding in the Superior Court of the County in which the L.I .D. is located. ` The Proceedings shall be commenced on or before March 1st of that year, after 30 days notice to owner, by filing a certificate describing the property and date of delinquency and name of owner with the clerk of the court. A summons is published in the local paper once each week for four weeks -requiring the owner to answer it within 60 days.. If no answer, a default ris declared and the court may enter a judgment of foreclosure and sell the property. GUARANTY FUND The statutes provide that a city can accumulate a Local Improvement District Guaranty Fund within its annual $3.372 per $1 ,000 of assessed value operating tax levied on all property within the city subject to maximum annual deposit of 5%:of the amount of the Local Improvement obligations outstanding. The City Council has budgeted $30,000 from 1980 taxes to the Guaranty Fund. The Fund is a reserve available in case of default on assessment payments in order. to pay principal and interest. The Guaranty Fund balance as of 1-31-80 was $62',468. Other Local Improvement Bonds and Notes outstanding total $1 ,631 ,031 .• LETTERS OF CREDIT Glacier Park Company, a subsidiary of Burlington Northern, has caused to be issued two irrevocable letters of credit each in the amount of $231 ,500 in favor of "The City of Renton for the account of Local Improvement Fund, District No. 302" as beneficiary. One letter of credit runs for a term of seven years and the other for a term of six years. The only documents against which payment is to be made shall be a draft of the City and a certificate, each of which shall be signed by the City Finance Director or his/or her successor certifying either that: i. There exisets a delinquency in an assessment or part thereof for the District upon property owned by Glacier at the time of such delinquency, or ii . There remain twenty or less calendar days of the remaining term of the subject Letter of Credit (except that this condition ii. shall not apply during or after the last twenty days of the respective six or seven year terms specified above) . ' Glacier Park has the optio„ La reduce the amounts of the 1L... rs of credit, but no such reduction shall reduce the cumulative amount of the outstanding letters of credit to less than eighteen (18) percent of the unpaid aggregate principal balance of the assessments upon land within the LID owned by Glacier.. FINANCIAL INFORMATION (as of 1-31-80 . ASSESSMENT ROLL: $6,058,822.92 PREPAYMENTS: 1 ,344,598.94 BALANCE (THIS ISSUE) 4,712,223.98 1980 ASSESSED VALUATION . RATIO OF ASSESSED VALUATION TO ASSESSMENT ROLL 1 .O6 to 1 .00 RATIO OF ASSESSED VALUATION TO BOND ISSUE 1 .36 to 1 .00 NUMBER OF PROPERTIES ORIGINALLY 43 AVERAGE ASSESSMENT PER PARCEL 140,902.85 Local Improvement District No. 302 was createdhby City Ordinance #3138 on March 13, 1978 and the assessments and assessment' roll were approved by City Ordinance #3402 on March 3, 1980. The total amount of the assessments and assessment rolls of such Local Improvement District was $6,058,822.92. The amount of payment of assessment within the thirty day prepayment period was $1 ,344,598.94 leaving $4,712,223.98 as the amount of unpaid assessments. The assessments may be paid in fifteen (15) equal annual installments with interest fixed at 12% per annum, provided, however, that if the net effective interest rate fixed on the local imprvement bonds issued for LID No. 302 is less than 112% per annum, the interest rate on the unpaid assessments shall be revised to a rate of 1/2 of 1% in excess of the net effective interest rate on the bonds. The first installment. of assessment on the assessment roll shall become due and payable during the thirty-day period succeeding the date one year after the date of first publication by the Director of Finance of notice that the assessment roll is in her hands for collection (April 9) and annually thereafter each succeeding installment shall become due and payable. in like manner. If the whole or any portion of the assessment remain unpaid after the first thirty-day period, interest upon the whole unpaid sum shall be charged at the rate set forth above and each year thereafter one of such installments, together with interest due on the whole of the unpaid balance, shall be collected. Any installment not paid prior to expiration of the thirty-day period during which the installment is due and payable shall thereupon become delinquent. All delinquent installments are subject to a charge of interest at the rate set forth above and for an additional charge of 8-1/2% penalty levied upon both principal and interest due upon such installment or installments. The collection of such delinquent installments shall be enforced in the manner provided by law. All of such assessments or installments thereof and interest and penalty, if any thereon, when collected by the Director of Finance shall be paid into the Local Improvement Fund, District No. 302, of the City of Renton as created by Ordinance No. 302 and shall be used solely for the purpose of paying the principal and interest on the warrants and bonds drawn upon orissued against such fund. Following is a list of the outstanding unpaid assessments at the conclusion of the thirty day prepayment period: Property Owners Assessment # of Parcels Glacier Park (Burlington-Northern) $2,571 ,837.68 18 Metro Industrial , Inc. 389,253.86 2 Northwest Commercial Real, Estate Co. ' 165,293.62 2 The City of Renton 161 ,765.57 1 Howard Seelig 143,935.60 1 BEM Associates 336,005.60 2 John Weber, Ronald Allison, Richard Diner, Richard Iverson 303,104.18 1 Olympic Pipeline 158,680.71 2 Mobil Oil Corp. 136,007.93 1 Jack A. Benaroya Co. 346,339.23 1 $4,712,223.98 30 The properties benefited by the improvements carried out by Local Improvement District No. 302 are located on a portion of Lind Avenue S.W. lying between 16th Street and S.W. 43rd Street, S.W. 34th Street and S.W. 41st Street lying between Lind Avenue S.W. and East Valley Road. The improvements were for street improvements and all appertenances including: the roadway, curbs, gutters, sidewalks, streetlights, underground wiring, traffic signals, water, sanitary sewers and storm sewers. Benefitted are 43 parcels of property owned by 15 property owners. Zoning within the LID and immediate surrounding area is MP (Manufacturing Park) and the LID is approximately 20% • developed. Assessed valuations for LID No. 302 for 1978, 1979 and 1980,are: . . 1978 . • 1979 . 1980. Land $4,140,760 $4,391 ,204 $6,702,400 Improvements 506,600 506,600 • 724,100 Total $4,647,360 $4,897,800 $6,426,500 *Does not reflect the value of the improvements funded out of the proceeds of this bond issue. Present estimates of market values by industrial developers and property managers for the properties located within LID No. 302 range from 2. 50 to 3.25 per square foot. Officials of Glacier Park (Burlington Northern) estimate that LID No. 302, approximated $.30 per square foot cost over their entire benefitted area. ANDOVER PARK SEGALE BUSINESS PARK SOUTHCENTER SOUTH INDUSTRIAL PARK WEST VALLEY INDUSTRIAL PARK SOUTHCENTER CORPORATE PARK DAON PACIFIC INDUSTRIAL PARK EARLINGTON INDUSTRIAL PARK ORILLIA INDUSTRIAL PARK HILL RAAUM BUSINESS CENTER BENAROYA BUSINESS PARK KENT NORTH BENAROYA BUSINESS PARK BURLINGTON NORTHERN KENT INDUSTRIAL PARK • 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 12,573,511 121,109,000 321,737,704 *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 Ol MASNINGTON vnrATCON PCNO $,N �Ol OKRA( JUAN S v'4 '�'�ISlANo 5G'1 OMNp(.AN T(nAv 1 /1 SICVCNs CLAW,. %, SNO,.OM!SN 1 J(l,EHSON CNCLAN U DOUGLAS SPOKAT.E UNIDLN non M,Su. A rl A'TNTAS GRANT ADAMS w111TMAN I.kONG SEwis InANALiN ,AT NN II D111M COwLNf sA,NArn, VA.. IAA w ,nns Atl,.vA� 7 f,• AL•CAITAT 1 • CLAIN 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 • 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 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. 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 • 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. • 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. .., . . e,.,,„,,,,, . 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Rd. • • • THIS . w I`) ) • • 3 ` e Jcy N CONTRACT <n a" • • VICINITY MAP . _ - • 0 800 2200 4400 6600 8800 Feet • SCALE . ..-'-ZP 7" ,,, -41 , `..- 0 1/4 112 • 1 2 141►1e s • - 1 . .... . . , •. . _ , . • .: „---------------------------------________, N Ili , 2400 4/40 4, • 4It 40F r 1 01 . Ig . ..• , • SW 19th I1176 1 _ •SECTION D ' V 4. FILL SECTION _STA II 4 75 „....---..—•;.,. 24 C.14 P , _r/-7-• i ,:" • PEr CF.'2 7 i" ' ST4.1E1480 IA :*2 -12 ;\tF014 D 5 Pi`8' m ,,` STA 19435 i 1 24"C M P STA 25 4 40 , Se C 34 P , (SEATTLE 60' 'PATIN MAIN 25440 1 OLYMPIC PIPELINE ACCESS RD ...):,":"1--- )27400 ' P-9 CHANNEL(FUTURE1 1 , --------------. •• Ir.----- - / 2 ' • i ; -,, .F2N Zo 1%,,,,,, .1. i 9 I S. - Cs,t, • .., _444./4 I • A 1. SEWER FILL 6.44 SECTION I 313F452 I 120'FILL SECTION D • •.:1, • •? O I 2165' 7... . 1 < 1 1N r 0 I i 14 i STA 44 450 i'''• I F. 36' IA P ...., 4 • 4549, I 60 FILL . SECTION D ) / n 1 i ......-----.- -••• i 1 STA 51400 • f4. P 1 51437 C 3,4 c.p l'3,' SECTION S • I • 7 1 -7 " • .., i d4,k,9 -:-.• - 1 -,,,,,kr, S.W 34th .:8 • I '• <- -0..4,;,,,‘.«...---.. . vr4.,..-.0.74 ,,,,e, o 0., FILL SECTION D Er XI+I 1 1 I 260'STA3G.63c4:0, . ( m m • , pi 7... . -.! / . / SECTION D i • / 2 4 STA 713 -..,. il . . . s.....4,ki....., • S W4I st I , fr FILLI 5S2V21,2114 D ) silk SO 4 60 46' C IA P • 4144 i . 6 id 43rd Not<4444‘,/ / I . . •n lt, . . r- 4 0 Z ,N l' ul 2-5 /'. ,'' il1 Z2 ;^ ,';,.;'.•1.-' 1. . , ,,, ..- . . 1 . . . _ _...._............_._________.________._ _ ._______................•.. . . — 41Pli 0 INTEROFFICE CORRESPONDENCE Date April 30, 1980 TO: Finance Department FROM: Don Monaghan, Engineering Department SUBJECT: L. I.D. #302 Would you please have a check prepared in the amount of $33,964.96 payable to Mobile Oil Company and charge to LID #302. Thank you. • Donald Monaghan, P.E. ckd 7o/ ,/A off, CHARTER 116, LAWS OF 1.965 CITY OF RENTON CERTIFICATION rAnI, THE UNDERM GNED DO HEREBY Ty ff PERJURY. THAT CERTIFY UNDER BEEN FURNfSMyEp THE c THc MATERIALS THEOCI,AIMjFORNTED AS DESF<IB ll H_"R "AHE /?br,?; IS AJttS O F%AU;Tjry Sl THECITYT• DUE A( D UNFhI•INTHAT 3AAID, aR 12ED TO AUTIiE 4CA'GE A.•' .D Olb�i''ATIAOM ` ,�^ AND TO (/!� ( / G/1 7 v SIGI`1E�C ��,� /V / 6//nA/ U.kUUULL ESTABLISHED 1891 i SECURITY REQUIRES CUSTODY OF ENGRAVINGS PREPARED BY THIS COMPANY P.O.BOX GOES LA GRANGE,ILLINOIS 60525 TELEPHONE 482-3900 i • AREA CODE 312 INVOICE TO: . • City of Renton TERMS: NET ON RECEIPT OF INVOICE. Municipal Building Past Due Invoices are subject to a 1% per month 200 Mill Avenue South service charge(Annual Rate 12%) Renton, Washington 98055 F.O.B. COUNTRYSIDE, ILL. PLEASE RETURN COPY WITH REMITTANCE Attn: Mrs. Delores Meqd, City Clerk DATE REC'D OUR JOB NO. INVOICE NO. DATE OF INVOICE CUSTOMER ORDER • 4-9-80 U 528 52094 4-30-80 4-3-80 ISSUER CITY OF RENTON, Washington Maximum atur QUANTITY DESCRIPTION MNo..°es No.of No. NUMBERED Coupons 1 $1930.36 Local Improvement District No.302 1 1 1 1 . 8+1 909 $5000 I I I I I I I I 16 17 2 - 910 . rptd. Including extra denomination, 8 interest rates, legal opinion, facsimile signature and seal $1729.00 Shipping proofs 70.95 $1799.95 PECIMENS: 3 + 1 (First) Bond Counsel-Roberts, Seattle, WA-Mr. James Gay <,x 10 - Mr. Richard T. Kennedy, Seattle-Northwest Securities,Corp, 500 Union St. Seattle, WA 98101 SHIP TO: DATE SHIPPED VIA NUMBER OF • PACKAGES • NORTHERN BANK NOTE COMPANY SIGNING DEPARTMENT __. d••••. • .• 1 , . • (51111Z1VigURE • ..,-- . .• • . ‘ . . . ' • . • ESTADLISHCD 1091 , . . . •. . . . . . . .. , NORTHEIIIN IAPK NOTE PA •A-F . . .‘ .. . . . - .., . .SECURITY REOUIACS CUSTODY OF ENGRAVINGS PREPARED BY THIS COMPANY • .: . . ' , . . , • .P.G.BOX GOB . . , „ . . . • . . ." . • . . • • LA GRANGE,ILLINOIS 60525 • . • TELEPHONE* • 482-3900 . • . • - AREA CODE 312 . • .,‹P-,;:1".'.":,.. INVOICE TO: , . • "! : .-1 - •• •::.';''''. / 1:, v. . . . • - • . • • .. ,A,4::, ,•-•,,?„c.) TERMS: NET ON RECEIPT OF INVOICE. . - • . • ' City of Renton • ic:...?' 1,1%-( `:' iv ‘' .:,..• Past Due Invoices are subject.to a 1% per month Municipal Building • ''''::,I' fic0..\\I• A ‘•''''' service charge(Annual Rate 12%) .- l• . 200 Mill Avenue South '',,T.J7 vow ,01\.c, ,:.=4 . ' F.O.B. COUNTRYSIDE, ILL . . Renton, Washington 98055 :r::.. " 0°A,oyiri\VA;:z.. f . 'PLEASE RETURN COPY-WITH REMITTANCE #. , ' '. '• Attn: Mrs. Delores Mead, . 0 . 10Arlk , . . . DATE REC'D OUR JOB NO. '0.1cE)4.9„11-,CA.';''• • DATE OF INVOICE CUSTOMER ORDER '-. - 4-17-80 ' S 895 520 5- 4-30-80 . . . . . . • • ISSUERISSUER .m CITY OF RENTON, Washington . • ,. Maxim:mini • •• • .- M tii" • • , : •• QUANTITY DESCRIPTION FOR MACHINE SIGNING OF . Nei•0 . • No'.of itie°: NUMBERED •. , .. otiorie , • _Coupons .. ' • 1 $1930.36 Local Improvement District No. 3.02 ' Numbered 1 . • • . . . . .. 909 $5000 H ii si . ii NuMbered 2 - 910 . .. . . Signed by one official . . • •. . •• Signing completed APril' 29, 1980 . . . . , . . • __ . . . . . , . . . . . . . . • • . , • • • • .„ . . . .. . Including local transportation g $60,72H . and Brinks @ $855.80 • - . $1089.52 . . ' . • . . . - .. . . ., . . . . , . . ., . . . . . . - . . . ' . ' . • , . • .. .. . SHIP TO: , DATE SHIPPED VIA NUMBER OF . . . . • PACKAGES . . Bonds accepted by Ms. Delores A. Mead • . .2 . • .d . , . „'Y . ' y<, b 4' f' 4.--lk'-'''' ''.71' ..,---- -e! e•it'•e:LCC.''''• " ,--r2-, • • . ..&. , .-ety• ,.../ -c1,-- - ,,....., - • . • • . . • . . • • , . .. . . . • , • . . 4111 OF R�� 4$ ® THE CITY OF RENTON MUNICIPAL BUILDING 200 MILL AVE. SO. RENTON,WASH.98055 o ° BARBARA Y. SHINPOCH. MAYOR • GWEN E. MARSHALL, DIRECTOR 94 FINANCE DEPARTMENT o1/4 17- D SEPtSM� April 28, 1 g0 9 Edna: Gwen will receive a check per the attached on May 1 which you are to deposit to LID # 302 & code 701/231.00.00. You are to 'write two checks as follows: .& code as indicated: Peoples National Bank - Principal 701/233.00.00 $2,505,794.00 Interest 701/271.03.00 175,476,Q $2,681 t270,,Q Rainier National Bank —Principal 701/233.00.00 61,969,957.22 - Interest 701/271.03.00 74,281.61 $2,044 z2�8. Take the check to Rainier on the morning of the 1st & the one to Peoples at the same time you take the deposit over. Do not take the deposit until Gwen gets back from Seattle with the check. CC:: Gwen 1 Darlyne / ✓�` hi wattle-Wort securities corporation 500.Union Street / Seattle, Washington 98101./ (206) 628-2882 MEMORANDUM Date: April 14, 1980 •• Re: City of Renton ' Local Improvement 'District No. 302 Bonds • • • Delivery of the subject bond issue will be at approximately 11:30 A.M. on May 1, 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 April 29 at the printing company • in Chicago. The printing company will ship the Bonds on April 29 with arrival `anticipated in Seattle the following morning. . The corporate seal of the City will-be printed on the Bonds: , , Representatives of Seattle-Fitt National:. Bank (on behalf of Seattle-Northwest) •• will have :examined the. Bonds prior to the delivery on 'May 1: For payment of .the. Bonds, ;Seattle-F rst"will issue a check..(federal funds) ; • '` for the following.amount: ;: Princi �a1'r`Amoufit $4,546,, 36 • - :Accrued; Interest.` -0- Amoiint'of'Check $4,546,930.36 If you -have any-questions, ,please `contact the undersigned. : Sincerely, ✓1 . . Richard T. Kennedy, . : Vice:President . ' ' RTK:cb cc: Airs. Gwen Marshall,.'Finance:Director • Mrs. Delores Mead, City..Clerk : - •• Mr. Jim Gay, Attorney • • l' it' TMI, . . . . . . . _ . FROM THE DESK OF . GI"WEN MA A.' . / 4), ,_-72_ — xvezzvt,/ RSHALL 4.,t.,tie , / --/----e 7 i ,6 • ..,,i7 . • _L... '7...c 7,--?<: ef-o J - \ /j,t6vt--) (71tElp, (( ...--z /r /7 7 (.) ) ?C --(----,‹-t7l_..., ' C ei ( ) a)0„? ,c-x,--2/2.. 4-;. c,5e , ,,A -1-2.-----‘ e-i'".---- -./-- -- ---- / ../- ,/,...Z 4,,-;:, )' 6/ ) • Cil O' /7 .tL:112 _.„.i.--;.(...A:1C-r /1,C /I--.--' 1) '-1):, ."--e (C-2--- 76...c..e ?,-,f/ ' ' • / " Li 0./ 2/3?__0-91.e.,.f.e.,,,_,,,,, CM- ) ./.,- y /7 1 V/ ela—O-t 7le4Y 4 40 z ,,,8, /'? •7 2. ,.;7 I-- Yk....--- b 1 . , -it--: '1;r -' :c.,.c.....„, _'.• ;I' ------— j'e,c,--z -1/.'ir:'Atte, , ..(..t.;,.•-• , 6 i Li v Z/ ---) , . . . . hw dLiLJ cAittle%,ncrit t-v -t securities corporation 500 Union Street / Seattle, Washington 98101 / (206) 628-2882 April 16, 1980 • Mr. Ralph Hamilton Burlington Northern 208 Central Building Seattle, WAshington 98104 HAND DELIVERED Re: City of Renton LID #302 Dear Ralph: Enclosed are three (3) fully executed copies of the letter of credit agreement. We notice that ii . B. Purchase and Sale of the Bonds states that the Bonds shall be term bonds. We ended structuring the bond issue with a mix of serial and term bonds. We feel this does not materially affect the agreement and Mr. Appel likewise concurs. Please do not hesitate to call if you have any questions or comments. Sincerely, Richard T. Kennedy Vice President RTK/kb cc: Mr. William Appel Mr. Ted Bennett • d . 1w q INTER-OFFICE MEMORANDUM TO : Ted Bennett, Deputy Finance Director DATE : 4/14/80 FROM: Del Mead, City Clerk RE : Ordinances and RWfOTU t W LID 302 Bonds We attach Resolution (s) and/or Ordinance (s) which have been prepared by the City Attorney. Please verify content , legals , description and general location of the improvements and return to this office for further processing and presentation to the Legislation Committee. • • CITY OF RENTON, WASHINGTON • ORDINANCE NO. • AN ORDINANCE fixing the amount, form, date, . interest rates, maturities _and denominations • of Local Improvement District No. 302 Bonds and directing the issuance and sale thereof to Seattle-Northwest Securities Corporation of • Seattle, Washington. THE CITY COUNCIL OF THE CITY OF RENTON, WASHINGTON, DO ORDAIN, as follows : • Section 1 . The total amount of the assessment roll in Local Improvement District No. 302 in the City of Renton, Washington (the "City" ) , created under. Ordinance No. 3202 passed March . 13 , 1978, was $6, 058,822. 92 . .The 30-day period for making cash payments of assess- ments without interest in the District expired on April 10, 1980, and the total amount of assessments paid in cash was $1 ,511 , 892. 56, leaving a balance of assessments unpaid on the assessment roll in the sum of $4,546,930. 36. Local improvement district bonds of Local Improvement District No. 302 - (the "Bonds" ) shall, therefore, be issued in the total principal sum of $4 , 546, 930. 36. Bond No. 1 shall be in the denomination of. $1 , 930. 36, and the remaining bonds numbered 2 to 910, inclusive, shall be in the denomination of $5, 000 each. The bonds shall all be dated May 1 , 1980, and shall • mature and bear interest payable on 'May 1 of each -year commencing May 1 , 1981 , as follows : . Bond Numbers Interest Maturity • ( Inclusive) Amounts Rates Years • 1 to 45 $221 , 930. 36 11. 50% 1981 . 46 to 88 215, 000. 00 - 11. 50% . 1982 89 to 128 200, 000. 00 11. 50% 1983 129 to 167 195, 000 . 00 11 . 50% 1984 168 to 205 190, 000 . 00 11. 50% 1985 206 to 242 185, 000 . 00 11. 50 1986 243 to 278 180, 000. 00 11. 50% 1987 279 to 313 175,000 . 00 11. 50% 1988 314 to 347 170,000 . 00 10. 50% 1989 348 to 380 165, 000 . 00 10. 00% 1990 381 to 400 100, 000. 00 10 .10% 1991 401 to 420 100, 000 . 00 10 . 20% 1992 421 to 440 100, 000 . 00 10 . 30% • 1993 441 to 460 . . 100, 000. 00 10 .40% 1994 461 to 480 100,000 . 00 10 .50% 1995 (hereinafter called "Serial Bonds" ) 481 to 910 2,150,000 . 00 11. 00% • 1997 (hereinafter called "Term Bonds" ) Serial, Bonds numbered 1 through 313 , :inclusive, are issued without the right or option of the City to redeem the same prior to their maturity dates. The City reserves the right to redeem Serial Bonds numbered 314 through 480, inclusive, prior to their stated maturity dates as a whole, or in part in inverse numerical order, at the following times. and prices :. On May 1 , 1988, at $100. 50; On May 1 , 1989, at $100. 25; • On May 1 , 1990, and any interest payment date thereafter, at $100. The City reserves the right to redeem Term Bonds numbered 481 through 910, inclusive, prior to their stated maturity date as a - whole , or in part in numerical order, on any interest payment date. - 2 - The call for payment for any bonds subject to call shall be made whenever there shall be sufficient money in the "Local Improvement Fund, District No. 302, " created by Ordinance No. 3202, to pay the bonds so called and all earlier numbered bonds over and above the amount required for the payment of the interest on all unpaid • bonds and the current year 's payment of principal on maturing • Serial Bonds, by publishing notice of such call once in the offi- cial newspaper of the City not less than 10 nor more than 20 days prior to the call date, and by mailing a copy of such notice within the same period to the main office of ' Seattle-Northwest Securities • Corporation in Seattle, Washington, and upon such date the interest on bonds so called shall cease and each and every coupon represent- ing interest not accrued on such date shall be void . Section 2 . The bonds and coupons shall be printed or . litho- graphed on engraved paper in a form consistent with this ordinance and state law. The bonds shall be signed by the facsimile signa- ture of the Mayor and attested by the manual signature of the City Clerk and shall have a facsimile reproduction of the seal of the City imprinted thereon, and the qoupons shall bear the facsimile signatures of the Mayor and the City Clerk. Section 3. Seattle-Northwest Securities Corporation of Seattle, Washington, heretofore offered to purchase all of the bonds at a price of par, plus accrued interest from the date of the bonds to the date of their delivery to the purchaser, the City to furnish the printed bonds and the approving legal opinion of Roberts, Shefelman, Lawrence, Gay & Moch, municipal bond counsel - 3. • • of Seattle, Washington, at the City ' s expense. Bond counsel shall not be required to review nor express any opinion concerning the completeness or accuracy of any official statement, offering cir- cular or other sales material issued or used in connection with the bonds, and bond counsel 's opinion shall so state. The City Council , deeming that it was in the best interest of the City that such offer be accepted , duly accepted the same on April 7, 1980, and such acceptance is hereby ratified and confirmed . . The Bonds shall, therefore, immediately upon their execution, be delivered to Seattle-Northwest Securities Corporation, Seattle, Washington, upon payment therefor in accordance with such offer. Section 4. 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 and APPROVED by the Mayor of the City of Renton, Washington, at a regular open public meeting • thereof, on the . 14th day of April , 1980. • Mayor ATTEST: • City Clerk APPROVED AS TO. FORM: • City Attorney • - 4 I , DELORES A. MEAD, City Clerk of the City of Renton, Washing- ton, hereby certify that the attached copy of Ordinance No. is a true and correct copy of the original ordinance passed on the 14th day of April , 1980, as that ordinance appears on the Minute • Book of the City. DATED this day of April , 1980. • DELORES A. MEAD, City Clerk L,. CITY OF RENTON, WASHINGTON ORDINANCE NO. 3412 AN ORDINANCE fixing the amount, form, date, interest rates, maturities and denominations of Local Improvement District No. 302 Bonds and directing the issuance and sale thereof to Seattle-Northwest Securities Corporation of Seattle, Washington. THE CITY COUNCIL OF THE CITY OF RENTON, WASHINGTON, DO ORDAIN, as follows: Section 1. The total amount of the assessment roll in Local Improvement District No. 302 in the City of Renton, Washington (the "City") , created under Ordinance No. 3202 passed March 13, 1978, was $6,058,822. 92. The 30-day period for making cash payments of assess- ments without interest in the District expired on April 10, 1980, and the total amount of assessments paid in cash was $1,511 ,892.56, leaving a balance of assessments unpaid on the assessment roll in the sum of $4,546,930.36. Local improvement district bonds of Local Improvement District No. 302 (the "Bonds" ) shall, therefore, be issued in the total principal sum of $4,546,930.36. Bond No. 1 shall be in the denomination of $1 ,930.36, and the remaining bonds numbered 2 to 910, inclusive, shall be in the denomination of $5,000 each. The bonds shall all be dated May 1 , 1980, and shall mature and bear interest payable on May 1 of each year commencing May 1 , 1981, as follows: Bond Numbers Interest Maturity ( Inclusive) Amounts Rates Years 1 to 45 $221,930.36 11. 50% 1981 46 to 88 215,000. 00 11. 50% 1982- 89 to 128 200,000. 0(e 11. 50% 1983 129 to 16.7 195,000.00 11 .50% 1984 '�168 to 205 190,000.00 11.50% 1915 ,e 206 to 242 185,000. 00 11 .50% 1986 ` .((' 243 to 278 180,000.00 11 .50% 1987 e279 to 313 175,000. 00 11 .50% 1988 ,t -314 to_347 170,0,00.00 10.50% 1989 ,�') ( 34-8 to 380A 165,000. 00 10. 00% 1990 r 11 381 to 400 1.00,0 0 0._0M 10.-1-0-0 19-9-1- 401 to 420 100,000. 00 10 . 20% 1992 . // �z 421 to 440 100, 000. 00 10 .30% 1993 � �} fe( 441 to 460✓ 100,000.00 10-.40% 1994 C,(c� \\\n 461Pto 480/ 100,000.00 10.50% 1995 ,.,,� (hereinafter called "Serial Bonds" ) �` �4 '\- � 81 to, 910 e, 2,150,000. 00 11 .00% 1997,>'" �. (- (hereinafter called "Term Bonds" ) lei Serial Bonds numbered 1 through 313, inclusive, are issued without the right or option of the City to redeem the same prior to their maturity dates. The City reserves the right to redeem Serial Bonds numbered 314 through 480, inclusive, prior to their stated maturity dates as a whole, or in part in inverse numerical order, at the • following times and prices: - On May 1 , 1988, at $100.50; On May 1, 1989, at $100.25; On May 1 , 1990, and any interest "- payment date thereafter, at $100; plus accrued interest to date of redemption. The City reserves the right to redeem Term Bonds numbered 481 through 910, inclusive, prior t0 their stated maturity 'date as a whole, or in part in 2 - • numerical order, on any interest payment date, at par plus accrued interest. Notice of such call for redemption shall be -published once ' in the official newspaper of the City not less than 10 nor morel than 20 days prior to the call date, and by mailing a copy of such notice within the same period to the main office of Seattle- Northwest Securities Corporation in Seattle, Washington, or its successor, and upon such date the interest on bonds so called shall cease and each and every coupon representing interest not accrued on such date shall be void. Section 2. The bonds and coupons shall be printed or litho- graphed on engraved paper in a form consistent with this ordinance and state law. The bonds shall be signed by the facsimile signa- ture of the Mayor and attested by the manual signature of the City Clerk and shall have a facsimile reproduction of the seal of the City imprinted thereon, and the coupons shall bear the facsimile signatures of the Mayor and the City Clerk. Section 3. Seattle-Northwest Securities Corporation of Seattle, Washington, heretofore offered to purchase all of the bonds at a price of par, plus accrued interest from the date of the bonds to the date of their delivery to the purchaser, the City to furnish the printed bonds and the approving legal opinion of Roberts, Shefelman, Lawrence, Gay & Moch, municipal bond counsel of Seattle", Washington, at the City's expense. Bond counsel shall not be required to review nor express any opinion concerning the completeness or accuracy of any official statement, offering - 3 - v w • e ` circular or other sales material issued or used in connection with the, bonds, and bond counsel 's opinion shall so state. The. City Council, deeming that it was in the best interest of the City that such offer be accepted, duly accepted the same on April 7, 1980, and such acceptance is hereby ratified and confirmed. The Bonds shall, therefore, immediately upon their execution, be delivered to Seattle-Northwest Securities Corporation, Seattle, Washington, upon payment therefor in accordance with such offer. Section 4. 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 and APPROVED by the Mayor of the City of Renton, Washington, at a regular open public meeting thereof, on the 14th day of April , 1980. $w1.1.7a, d ( . letuflooCJs Mr ATTEST: • City Clerk APPROVED AS TO FORM: City Attorney(/ - 4 OLYMPIC PIPE LINE COMPANY P. O. BOX 236, RENTON, WASHINGTON 98055 April 10, 1980 City of Renton Finance Department 200 Mill Avenue South Renton, Wa. 98055 Attention: Mr. T. Bennett 80 - A.F.E. 1680-C LIND AVENUE ASSESSMENT CITY OF RENTON ORDINANCE #3402 COMPRISING L.I .D. #302 Dear Mr. Bennett: This letter serves to confirm the telephone conversation on April 8, 1980, between yourself and our Mr. J. V. Walmer, . regarding the method of assessment payment to the City of Renton by Olympic Pipe Line Company. Olympic Pipe Line Company has elected to pay the assessment in fifteen (15) equal annual installments, and the fixed interest upon the whole sum shall be charged at the rate of 11.45% per annum. Very truly yours, WDKramer/bg G. W. Williams, Jr. Manager cc: A. W. Walsh, Dallas S Aire BURLINGTON NORTHERN. 208 Central Building 810 Third Avenue Seattle,Washington 98104 PROPERTY TAX DEPARTMENT Telephone (206) 625-6435 April 9, 1980 Ms. Gwen E. Marshall Finance Director City of Renton 206 Mill Avenue So. Renton, Wa. 98055 Dear Ms. Marshall: Enclosed is Burlington Northern Inc. check No. 8462 for $1, 346,598.94, covering payment in full of assessments against former Glacier Park Company property in LID No. 302, Renton, King County, Wa. , as covered by the enclosed statements. Please issue official receipt and return to me for our records. Thank you. Sincerely, • es, R. E. 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I • . t ! ! t ' • i 30 ; . : t t , • . . . : . 31 • . f , t 32 . , . . 33 t : = • : , 34 ! - I : ' t i 35 , = - : = . . „ . ! 36 . , . ,..... ... . .. . . 37 . - i . , i = = • I - 3 8 1 : : 39 40 , . . . . . , .. 41 . • . . . .._ . - . . . 42 . . , . . . , . , . . = . . _ . . . . . . . = , . . . , . • /< OF I ..Fry = �. ° THE CITY OF RENTON MUNICIPAL BUILDING 200 MILL AVE. SO. RENTON,WASH. 98055 Fitt w Er' BARBARA Y. SHINPOCH, MAYOR • GWEN E. MARSHALL, DIRECTOR 9 co' FINANCE DEPARTMENT 09gt p SEP1°4\- April 7, 1980 Honorable Barbara Y. Shinpoch, Mayor Members of the Renton City Council Renton, Washington • • Dear Mayor and Council Members: It is the recommendation of the Finance Department to concur in the request of Seattle Northwest Securities, to purchase L.I.D. #302 Bonds. • • .Sincerely,; • • f• , Gwen Marshall • Finance Director IF • Preliminary Official Statement, dated 4/1/80 $4,546,930,36* CITY OF RENTON KING. COUNTY, WASHINGTON LOCAL IMPROVEMENT DISTRICT NO , 302 GUARANTY FUND BONDS DATED: May 1, 1980 The bonds are dated May 1, 1980 and bear interest from May 1, 1980, and will be available in coupon bearer form with a final maturity of May 1, 1997. Interest is payable on May 1, 1981 and annually thereafter on the redemption date or maturity date at the Office of the Treasurer, Renton, Washington. Coupon Bonds are issued in denomination of $5,000 with the exception of Bond Number 1 in the denomination of $6,930.36. * Preliminary, subject to change upon the sale of the Bonds. INTEREST EXEMPT, IN THE OPINION OF• COUNSEL, FROM ALL PRESENT INCOME TAXES UNDER EXISTING STATUTES AND COURT DECISIONS Bond Coupon Approximate Numbers Amount Rate Maturity Price Yield 1- 45 . 221,930.36 11.50% 5/1/81 $101.56 9.75% 46- 88 , 215,000 11.50 , 5/1/82 103.05 9.75 89-128 200,000 11.50 5/1/83 104.40 9.75 129-167 195,000 11.50 5/1/84 105.63 9.75 168-205 190,000 11.50 5/1/85 106.25 9.75 206-242 185,000 11.50 5/1/86 107.76 9.75 243-278 180,000 11.50 5/1/87 108.42 9.80 279-313 . 175,000 1-9,50-N,S6) 5/1/88 103.52 9.85 314-347 170,000 10.50 5/1/89 103.47 9.90 348-380 165,000 151.00 5/1/90 100.00 10.00 381-394 • 70,660 ,0,00 10.10 / 5/1/91 100.00 10.10 " 395-408 7-0-000 /0500010.20 5/1/92 100.00 10.20 409-422 79 909 /vo a80 10.30 5/1/93 100.00 10.30 423-436 706440,"0698 10.40 5/1/94 100.00 10.40 437-450 . 0 /od oOC) 10.50 5/1/95 100.00' 10.50 451-910 $2,.3.98;OO'0 11.00 5/1/97 See following Estimated a, 15droca Term Bond Redemption Schedule. Hi?: r Ffic t r /©f `IL/ PArE II ::: seattle-northwest • securities corporation ESTIMATED TERM BOND REDEMPTION SCHEDULE Bond Coupon Estimated Approximate Numbers Amount Rate Maturity Price Yield 451-521 $355,000 11.00% 5/1/81 $100.89 10.00% 522-581 300,000 11.00 5/1/82 101.73 10.00 582-636 275,000 11.00 5/1/83 102.50 10.00 637-687 255,000 11.00 5/1/84 103.20 10.00 688-735 240,000 11.00 5/1/85 103.83 10.00 736-777 210,000 11.00 5/1/86 104.,40 10.00 778-814 185,000 11.00 5/1/87 104.92 10.00 815-848 170,000 11.00 5/1/88 105.39 10.00 849-880 160,000 11.00 5/1/89 105.82 10.00 881-910 00— 11.00 5/1/90 106.21 10.00 REDEMPTION PROVISIONS A. Serial Bonds due 5/1/81 thru 5/1/95 (Bond Numbers 1-450) Bonds due 5/1/81 thru 5/1/88 (Bond Numbers 1-313) are issued without the right of redemption. Bonds due 5/1/89 thru 5/1/95 (Bond Numbers 314-450) are callable in inverse numerical order at the following times and prices: 5/1/88 @ 100-1/2 5/1/89 @ 100-1/4 5/1/90 and thereafter @ 100 B. Term Bonds due 5/1/97 (Bond Numbers 451-910) are callable in joins—awe numerical order at par plus accrued interest on any interest redemption date. The amount of bonds to be retired is estimated above. Bonds may be called earlier or later than the year shown depending upon the accelerated payment of property assessments and the option of the City to redeem. If bonds are retired earlier than shown the yield will be decreased; similarly, the yield will be increased if delayed. The bonds will be issued with the approving legal opinion of Roberts, Shefelman, Lawrence, Gay & Moch, Bond Counsel of Seattle, Washington which will be printed on the bonds. THE SECURITY, ASSESSMENT LIEN PRIORITY & FORECLOSURE The Bonds will be payable from assessments due and payable in annual installments assessed on and collected from the various owners of the properties, within the L. I .D. No. 302, with interest at the rate of %. The entire assessment may be paid at any time on any parcel of property. Section 35. 50.010 of the revised code of the State of Washington states, "The assessment lien shall be paramount and superior to any other lien or encumbrance theretofore or thereafter created except a lien for general taxes. " If on the first day of January in any year, two installments of any local improvement assessment are delinquent, or if the final installment has been delinquent for more than one year, foreclosure shall proceed by proceeding in the Superior Court of the County in which the L.I .D. is located. The Proceedings shall be commenced on or before March 1st of that year, after 30 days notice to owner, by filing a certificate describing the property and date of delinquency and name of owner with the clerk of the court. A summons is published in the local paper once each week for four weeks requiring the owner to answer it within 60 days. If no answer, a default is declared and the court may enter a judgment of ,foreclosure and sell the property. - GUARANTY FUND The statutes provide that a city can accumulate a Local Improvement District Guaranty Fund within its annual $3.371/2 per $1 ,000 of assessed value operating tax levied on all property within the city subject to maximum annual deposit of 5% of the amount of the Local Improvement obligations outstanding. The City Council has budgeted $30,000 from 1980 taxes to the Guaranty Fund. The Fund is a reserve available in case of default on assessment payments in order to pay principal and interest. The Guaranty Fund balance as of 1-31-80 was $62,468. Other Local Improvement Bonds and Notes outstanding total $1 ,631 ,031 . LETTER OF CREDIT Glacier Park Company, a subsidiary of Burlington Ncrthern , has caused to be issued an irrevocable letter of credit running for a term of six years from the date of the issue, in the amount of $463,000 in favor of "The City of Renton for the account of Local Improvement Fund, District No. 302" as beneficiary. The only documents against which payment is to be made shall be a draft of the City and a certificate, each of which shall be signed by the City Finance Director or his/or her successor certifying either that: i . There exists a delinquency in an assessment or part thereof • for the District upon property owned by Glacier at the time of such delinquency, or ii . There remain twenty or less calendar days of the remaining term of the subject Letter of Credit (except that this condition • ii . shall not apply during or after the last twenty days of the respective six year term specified above) . Glacier Park has the option to reduce the amounts of the letter of credit, but no such reduction shall reduce the cumulative amount of the outstanding letter of credit to less than eighteen (18) percent of the unpaid aggregate principal balance of the assessments upon land within the LID owned by Glacier. FINANCIAL INFORMATION (as of 1-31-80 ASSESSMENT ROLL: $6,058,822.92 PREPAYMENTS: 1,511,892.56 BALANCE (THIS ISSUE) 4,546,930.36 1980 ASSESSED VALUATION 6,426,500.00 RATIO OF ASSESSED VALUATION TO ASSESSMENT ROLL • 1 .06 to 1 .00 RATIO OF ASSESSED VALUATION TO BOND ISSUE 1.41 to 1.00 NUMBER OF PROPERTIES ORIGINALLY 43 AVERAGE ASSESSMENT, PER PARCEL 140,902.85 • Local Improvement District No. 302 was created by City Ordinance #3138 on March 13, 1978 and the assessments and assessment roll were approved by City Ordinance #3402 on March 3, 1980. The total amount of the assessments and assessment rolls of such Local Improvement District was $6,058,822.92. The amount of payment of assessment within the thirty day prepayment period was $1 ,344,598.94 leaving $4,712,223.98 as the amount of unpaid assessments. The assessments may be paid in fifteen (15) equal annual installments with interest fixed at 12% per annum, provided, however, that if the net effective interest rate fixed on the local imprvement bonds issued for LID No. 302 is less than 111/2% per annum, the interest rate on the unpaid assessments shall be revised to a rate of 1/2 of 1% in excess of the net effective interest rate on the bonds. The first installment of assessment on the assessment roll shall become due and payable during the thirty-day period succeeding the date one year after the date of first publication by the Director of Finance of notice that the assessment roll is in her hands for collection (April 9) and annually thereafter each succeeding installment shall become due and payable in like manner. If the whole or any portion of the assessment remain unpaid after the first thirty-day period, interest upon the whole unpaid sum shall be charged at the rate set forth above and each year thereafter one of such installments, together with interest due on the whole of the unpaid balance, shall be collected. Any installment not paid prior to expiration of the thirty-day period during which the installment is due and payable shall thereupon become delinquent. All delinquent installments are subject to a charge of interest at the rate set forth above and for an additional charge of 8-1/2% penalty levied upon both principal and interest due upon such installment or installments. The • collection of such delinquent installments shall be enforced in the manner provided by law. All of such assessments or installments thereof and interest and penalty, if any thereon, when collected by the Director of Finance shall be paid into the Local Improvement Fund, District No. 302, of the City of Renton as created by Ordinance No. 302 and shall be used solely for the purpose of paying the principal and interest on the warrants and bonds drawn upon or issued against such fund. Following is a list of the outstanding unpaid assessments at the conclusion of the thirty day prepayment period: Property Owners Assessment # of Parcels Glacier Park (Burlington-Northern) $2,571 ,837.68 18 Metro Industrial , Inc. 389,253.86 2 The City of Renton 161 ,765.57 1 Howard Seelig 143,935.60 1 BEM Associates 336,005.60 2 John Weber, Ronald Allison, Richard Diner, Richard Iverson 303,104.18 1 Olympic Pipeline 158,680.71 2 Mobil Oil Corp. 136,007.93 1 Jack A. Benaroya Co. 346,339.23 1 $4,546,930.36 28 The properties benefited by the improvements carried out by Local Improvement District No. 302 are located on a portion of Lind Avenue S.W. lying between 16th Street and S.W. 43rd Street, S.W. 34th Street and S.W. 41st Street lying between Lind Avenue S.W. and East Valley Road. The improvements were for street improvements and all appurtenances including: the roadway, curbs, gutters, sidewalks, streetlights, underground wiring, traffic signals, water, sanitary sewers and storm sewers. Benefitted are 43 parcels of property owned by 15 property owners. Zoning within the LID and immediate surrounding area is MP (Manufacturing Park) and the LID is approximately 20% developed. Assessed valuations for LID No. 302 for 1978, 1979 and 1980 are: 1978 1979 1980 Land $4,140,760 $4,391 ,204 $5,702,400 Improvements 506,600 506,600 724,100 Total $4,647,360 $4,897,800 $6,426,500 *Does not reflect the value of the improvements funded our of the proceeds of this bond issue. Present estimates of market values by industrial developers and property managers for the properties located within LID No. 302 range from 2. 50 to 3.25 per square foot. Officials of Glacier Park (Burlington Northern) estimate that LID No. 302 approximated $.30 per square foot cost over their entire benefitted area. ANDOVER PARK SEGALE BUSINESS PARK SOUTHCENTER SOUTH INDUSTRIAL PARK WEST VALLEY INDUSTRIAL PARK SOUTHCENTER CORPORATE PARK DAON PACIFIC INDUSTRIAL PARK EARLINGTON INDUSTRIAL PARK ORILLIA INDUSTRIAL PARK HILL RAAUM BUSINESS CENTER BENAROYA BUSINESS PARK KENT NORTH BENAROYA BUSINESS PARK BURLINGTON NORTHERN KENT INDUSTRIAL PARK . • III . ! 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' !' i 1.4 -.' • • 1 • • -•7.---I *" Y2) ''' ir ij l! i' —: il L 3:1 '';'41 i ! • immEm 00 Renton el City Half Benson Rd. S. \1d - k - Park Ave N. Ave.• • S loath Ave.S- e. S. uy >1 _ _ 8� cn r N d R,.S. Lake Cedar River P. L �o\bot Q cn ® t.. v Valle Freevia Washington _ Rnin. Ave• N. i��r u� ry . 3 '1 LINO AVE. a0 _ d Valley. P (THIS M — �o� Jim CONTRACT N `r . Q�c 3 N VICINITY MAP 0 800 2200 4400 6600 8800 Feet SCALE szn ...... :_ 1- ii,s?",`R 0 1/4 `x 1 2 Miles t 10 . --------j:SQ5------..-7"-- '—'--------------•• -- OilliIlli—'—''- . S W.If 16 --------- 2w0 CY' psT. �1P MIr ;o \ii Iz . J117f SW 19th 120'FILL T21U 8.00 WA LINE SECTIONS S.W.If N, 57 u TILL S€cTION E Su a 76 �� 9 E m3 . zA• c.M.v _ o 8P,p- g Nn7r-4 �F STA.191e0 oemr-m .7 If,Of 2A"cwv Y f o o Ir 60'FILL S y- x ECTION D 7 y b m STA 191JS m 0 24"C.M.P STA 25440 2A"C M P iSEATTLE 60• WATER MAIN 25440 OLYMPIC PIPELINE ACCESS R`O __•_--__-_--- 27100 P-f CHANNEL(FUTURE) . T I 1rVF F �Oo�Fr0 I o� I �je'>4 ! z 1 .. I 1 0 'COO ar Sf� I W li C'",G Ce A m.' Je152 SECTIONS SECTION F O ' 2105' 0 u m STA N150 ►I 36 CMP n A54 7 U 60'FILL -- -� -- �- n I SECTION 0 ' m / i I STA 5I400 y 51437 " J6"CM.P. 60I FILL 0 SECTION 0 to N c E i o rn a • i +DD sf Ir. S.W 34th Oo I FILL SECTION D _ Y�&R 1260' 4.mC ` STA 6J.B0_ / IT-IL CMP T 22 6 • _. / 607 f11LL SECTION D 57A 76•30 ' 1 ' " 24' CMP y !�� 514281e S.W 41ft 01 OOSW41.I FILL 1 325 I SECTIO ' I _� 0 i ' 3 STA SOY SO • / •f• c.MP 1 T S W.6]A / f0 I . N y r- . 't a o g t on t a I•: o 0 ? It - tizn, D„ Z o m v o z PI -1 r f aZ 5 I i a i n Z p n 0 1 °Z � AGREEMENT CAG 026-80 1. Parties: • A. The City of Renton (the "City" ) , a Code city and municipal corporation of the State of Washington, whose address for purposes hereof is Municipal Building, 200 Mill Avenue South, Renton, Washington 98055; B. Glacier Park Company (with its successors and assigns "Glacier" ) , a Minnesota corporation, whose address for purposes hereof is 176 East Fifth Street, St. Paul, Minnesota 55101; , C. Seattle-Northwest Securities Corporation (with its succes- sors and assigns "Seattle-Northwest" ) , a Washington corpora- tion, whose address for purposes hereof is 1000 Logan Building, Fifth and Union, Seattle, Washington 98104; and 2. Definitions: A. "Bonds" means the local improvement district bonds pro- vided for in Section V of the Ordinance. B. "Bond Fund" means the "Local Improvement Fund, District No. 302" created and established in the office of the 1 C� City Finance Director by Section VII of the Ordinance. C. "District" means the City of Renton Local Improvement District No. 302. D. "Improvements" means those improvements ordered. to be installed and constructed by Section I of the Ordinance, - details of which were permitted to be modified to the extent that, as provided in Section I of the Ordinance, the City Council of the City may in its judgment deem advisable provided such modifications do not 'substantially alter the plan of such improvements. • E. "Letter of Credit" means each letter of credit issued and to be issued pursuant to Section 4A of this agree- ment, and otherwize in form satisfactory to counsel to the .City. F. "Ordinance" means Ordinance No. 3202. of the City passed and approved March 13, 1978. G. "Warrants" means those registered local improvement district revenue warrants authorized to be issued pur- suant to Section V of the Ordinance. 3. Facts: A. The City, by the Ordinance, has created and established the District pursuant to chapter 35. 43, Revised Code of Washington, and intends to issue and sell the Bonds to Seattle-Northwest. The City and Seattle-Northwest have agreed that absent provision for sufficient supplemental funds or credit for the benefit of the District to insure the marketability of the Bonds, the. Bonds cannot be issued and sold on terms which the City would accept, or Seattle- Northwest market the Bonds if the City did accept such terms. ref B. The purposeagreementprovide of this is to the assurance required by the City and Seattle-Northwest and at the same time provide assurance of marketability of the Bonds with- out which assurance the City would be unwilling to issue and sell the Bonds, and Seattle-Northwest would be unwill- ing to purchase the Bonds. 4. Agreements and Undertakings: In consideration of the following mutual agreements and undertakings, the parties hereto agree as follows: A. Issuance of Letters of Credit Glacier shall immediately cause to be issued by a United States national banking association doing business as a depository bank in St. Paul , Ramsey County, State of Minnesota , an irrevocable Letter of Credit in the amount of $ 4629930. 78,for a term of at least one year but in any event renewable through the sixth anniversary of the date of the Bonds, in favor of "The City of Renton • for the account of Local Improvement Fund, District No. 302" as beneficiary which shall provide, without other limitation except as expressly provided in this subsec- • tion, .that •the only documents against which payment is to be made shall be a draft of the City and a certificate, each of which shall be signed by the City Finance Director or his successor certifying either that: i. There exists a delinquency in an assessment or part thereof for the District upon' property owned by Glacier at the time of such delinquency, or ii. There remain twenty or less calendar days of the remaining term of the subject Letter of ,.. , Credit [except that this condition ii. shall not apply during or after the last twenty days of the six year term specified above] . In the event that any Letter of Credit is issued for a term expiring sooner than the sixth anniversary of the date of the Bonds, Glacier shall cause to be renewed or replace such Letter. of Credit no later than twenty days prior to the . expiration of the Letter of Credit then outstanding. Not- withstanding the amount set forth above, reduction in the amount of the Letter of Credit outstanding may be effected • only by pro rata reduction in the form of replacement Letter of Credit for an outstanding Letter of Credit against which no draft has by then been presented, and no such reduction shall reduce• the cumulative amount of the out- standing Letter of Credit to less than eighteen percent (18%) of the unpaid aggregate principal balance of the District assessments upon land within the District owned by Glacier. • B. Purchase and Sale of the Bonds Seattle-Northwest covenants and agrees to purchase the Bonds under the following terms and conditions: i. The purchase price shall be par, plus accrued interest to the date of delivery. ii. The Bonds shall be term bonds, having a maturity seventeen years from the dated date. iii. The Bonds shall be bearer coupon bonds in the amount of $5,000 each, except for Bond No. 1 which may be a different denomination, the total principal amount of which shall be the maximum lawful amount the City may issue under applicable law, reduced only by such amount as may be necessary to assure, in the opinion of Roberts, Shefelman, Lawrence, Gay & Moch, the exemption of interest in the Bonds from federal income taxation. iv. Receipt of an approving legal opinion of Roberts, Shefelman, Lawrence, Gay & Moch with respect. to the ' validity of the Bonds and that interest in the Bonds is exempt from. federal income taxation dated the date of delivery of the Bonds. v. Receipt of a signature identification and no-litigation certificate in usual form executed by the City Clerk and dated the date of delivery of the Bonds. vi. That the Letters of Credit requested .to be issued pursuant to this agreement are issued, outstanding, and held by the City. vii.. Passage by the City of an ordinance authorizing the issuance of the Bonds in conformity with law and this agreement, which shall provide in addition for copies of all notices. of call of the Bonds prior to maturity to be furnished to Seattle-Northwest contemporaneously with publication thereof. • viii. The Bonds shall be printed and delivered to Seattle- Northwest, and bond counsel's opinion furnished, all at the City's. expense, within 60 days of expiration of the 'Statutory prepayment period applicable to the assessment roll for the District, but the date of delivery of the Bonds to Seattle-Northwest may by agreement by and between the City and Seattle-Northwest only, extend the date of delivery an additional 30 days. ix. The Bonds shall bear an interest rate to be negotiated between the City and Seattle-Northwest at the expiration of the statutory prepayment period referred to in viii, above. C. Option of the City to Accelerate Foreclosure The City shall have the right and option, but under no circum- stances shall the City be bound in law or equity to exercise such right and option, to accelerate and foreclose as may now or hereafter be provided by law, immediately upon delinquency in payment of any principal installment of any assessment for `the District, and interest thereon, or as soon thereafter as may now or hereafter be permitted by law, upon any and all property within the District to which such delinquency shall pertain, as to which time and the City's right to exercise its right to accelerate such foreclosure without obligation to do so are of the essence. No exercise of this right or option shall, if subsequently held to be invalid, act as an election on the part of the City barring it from otherwise proceeding at law or in equity to foreclose in any other manner or at any other time or times whatsoever. H 5. Notices : Any and all notices, demands, or other communications between the parties hereto, which shall not include any demand or presentment under or pursuant to any Letter of Credit, shall be effective only if in writing and when received at the address of the addressee at its address first. above set forth, except that any party may by notice so given furnish notice that a different address shall thenceforth apply to it for receipt of notice. ' 6 . Waiver of Subrogation: Glacier hereby irrevocably waives any right of subrogation whatsoever in or to any legal or equitable right the City may now or hereafter have against it in or pursuant to any Letter of Credit. The failure or refusal of the City to enforce any right against Glacier or any Letter of •Credit, shall not bar or con- stitute any defense,' offset or counterclaim to any action by the City hereunder, ,under any Letter of Credit, or under any power or authority' the City may now or hereafter have. 7. Amendments: This agreement may be amended only in writing by all, parties hereto provided such amendment is fully executed and delivered prior to issuance of the Bonds. Thereafter, the holders of the Bonds shall be deemed to be parties hereto for purposes of this agreement until expiration or exhaustion by exercise of the last Letter of Credit outstanding. DATED this . 15th day. of April , .19 8O . THE CITY OF RENTON By .twO-hanar Its Mayor ATTEST: 44-te4y c?-•Its City Cle `� - GLACIER PARK COMPANY By - yam, �l��_ Its President ATTEST-'? ' "k--t--gt-ij "143 , A sistan:t Secretary - SEATTLE-NORTHWEST SECURITIES CORPORATION By 4J , NNak_atsa\ Its President And by T0--g '14(��: Its Secretary • ._ ._ ,0 pelloneer A/F(5 • FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION eZ,,, b--K'' 4e;r4) - )-- 6(f0f-64-(----?Cf _r-`6"-r1-(---41- ,,,-77- �d=- r 1 //O � 3 � 2 -- --°41 geL'd 5-F; ig 2_ S / -vii.-1/4,71-e- _0_,ciil-t--1 f _,--e) .,2 7 , e65 . 0-ifr.-11/ia., /( '7 9, 7L,'7' a 2-- iy, / 7 , 7 /•, -2- I ( / //4.6a_54, .7' F7?", 7 L l , d d/-- G---/-7(-0-e,-z%/ I '/-q ,akI / , 8r/%7 UI seättlë-northWest . securities corporation 500 Union Street / Seattle, Washington 98101./ (206) 628-2882 MEMORANDUM . Date: April 14, 1980 Re: _ City of Renton Local Improvement District No. 302 Bonds • Delivery of the subject bond issue will be at approximately. 11:30 A.M. on May 1, 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 April 29 at the printing company in Chicago. The printing company will ship the Bonds on April 29 with arrival anticipated in Seattle the following morning. 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 1. For payment of the Bonds, Seattle-First will issue a check (federal funds) for the following. amount: Principal Amount $4,546,930.36 .Accrued Interest -0 Amount of Check $4,546,930.36 If you have any questions, please contact the undersigned. . Sincerely, /car-� Richard T. Kennedy Vice President RTK:cb cc: ✓Mrs. Gwen Marshall, Finance Director , Mrs. Delores Mead, City Clerk Mr. Jim Gay, Attorney ' • -.mg flj '--11(r7- FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION • --df52---- f jr---- 7/ /n7ta•-trY2--- 1116,, I et4 J-K---1 , ...,:27 4----If / 1 1 , ..,.,...• , i cte-e -2- 1-/ ---/- .4 , , e_v_„... _..„,..„.....- C 1 ' 7-. -- I i from the desk . . .of L TED BENNETT, FINANCE DEPT. FN•�� April 4, 1980 Bill: Per your conversation with Dick Kennedy of Seattle Northwest Securities, enclosed are. the facsimile signatures of our Mayor, Barbara Y. Shinpoch as well as impressions of our City Seal. itiI - 1 / • SoLt_n_po&il 311)Lbc0Lc43 ‘atx.ek-p0(-kJ 3)0)s-box-as Ulf• S%""t‘P°CilL) 30)a-Qyciauz-, •-lic • z%%-i-irtpock) • • • AGREEMENT • 1. Parties: • A. The City of Renton (the "City" ) , a Code city. and municipal • corporation of the State of Washington, whose address for purposes hereof is Municipal Building, 200 Mill Avenue South, Renton, Washington 98055; • • B. Glacier Park. Company (with its successors and assigns "Glacier_" ) , a Minnesota corporation, whose address for. purposes hereof is 176 East Fifth Street, St. Paul, • Minnesota C. Mobil Oil Corporation (with its successors and assigns "Mobil" ) , a Delaware corporation, . whose address for purposes hereof is ; D. Austin Company, d/b/a "METRO Industries, 'Inc. ". (with its successors and assigns "Austin" ) , an Ohio corporation, whose address for purposes hereof is E. Seattle-Northwest 'Securities Corporation (with its succes- sors and assigns "Seattle-Northwest" ) , a Washington corpora • - • • tion, whose address for purposes - hereof is - 1000 Logan Building, Fifth and Union, Seattle, Washington 98104 ; ' and F. John Weber, Ronald Allison, Richard Divers and Richard Iverson (with their heirs , personal representatives and assigns " the Weber Group") , whose address for purposes hereof is 8425 - • 1st Avenue South, Seattle, Washington 98108. 2, Definitions: • A. "Bonds" means the local improvement district bonds pro- vided for in Section V of the Ordinance. • B. "Bond Fund" means the "Local Improvement Fund, District • • No. 302" created and established in the office of the City Finance Director by Section VII of the Ordinance. - • C. "District" means the City of Renton Local - Improvement District No. 302. . D.. "Improvements" 'means those improvements ordered to be installed and constructed by Section I of the Ordinance, details of which may be modified to the extent that, as • provided in Section I of the Ordinance, the City. Council . • ' of the City may in its judgment deem advisable provided • such- mod•ifications, do not' substantially alter the plan of such improvements . . E. "Letter of Credit" means each letter of. credit issued and to be issued pursuant to Section 4A - of this agree- ment, and otherwise in form satisfactory to counsel to the City. F. "Or.dinance" means Ordinande No. 3202 of the City passed and approved March 13, 1978. G. "Warrants" means those registered local improvement - - district revenue warrants authorized to be issued pur- suant to Section V of the Ordinance. • • • 3. Facts : • • A. The City, by the Ordinance, has created and established the District pursuant to chapter 35. 43, Revised Code of Washington, and intends to issue and sell the Bonds to Seattle-Northwest. The City and Seattle-Northwest have agreed that absent provision for sufficient supplemental funds or credit for the benefit of the District to insure • the marketability of the Bonds , the Bonds cannot be issued and sold on terms which the City would accept, or Seattle- Northwest market the Bonds if the City did accept such terms. B. The purpose of this agreement is to provide the assurance required by the City and Seattle-Northwest and at the same time provide assurance of marketability 'of the Bonds with- . out which assurance the City would be unwilling to issue and sell the Bonds , and Seattle-Northwest would be unwill- ing to purchase the Bonds. 4. Agreements and Undertakings: In consideration of the following mutual agreements and undertakings , the parties hereto agree as follows: • A. Issuance of Letters of Credit Glacier, Mobil, Austin and the Weber Group shall each immediately cause to be issued by a United States national banking association . doing business as a depository bank in Seattle, King County, Washington, two irrevocable Letters of Credit one of the two Letters of Credit in each case to be for a term expiring six . years after the date of the Bonds, and the other ' for a term expiring seven years after the date of the -Bonds , .all in' favor • . of "The City of Renton for the account of Local Improvement Fund, District No. 302" as. beneficiary which shall provide, without other limitation except as expressly provided in this subsection, that the only documents against which payment is to be made shall be a draft of the City and a certificate, each of which shall be signed by the City Finance Director or his successor certifying either that: i. There is insufficient money in the Bond Fund to pay the principal of or interest upon any Bond • as of fifteen days prior to the due date of such • principal or interest, or ii. There remain twenty or less calendar days of • the remaining term of the subject. Letter of • Credit [except that this condition ii. shall • • not apply during or after the last twenty days of the respective six or seven year terms • specified above] . • • The initial' cumulative total of the amount of Letters of Credit outstanding shall be in the amounts shown on the following schedule: • Letters of Credit . to Amount of Each Letter of Credit be Issued on behalf of: . (two to be issued on behalf of each) • . Glacier $ • Mobil $ • Austin $ . The Weber Group - . $ • • -2- • • • • In the event that any Letter of Credit is issued for a term • expiring sooner than that required above, the._ party responsible therefor shall cause to be renewed or. replace such respective Letters of Credit no later than twenty days prior to the expira- tion of their respective Letters of Credit then outstanding. No reduction in any Letter of Credit shall be permitted until after completion of the Improvements , and then reduction shall be effected only by pro rata reduction in the form of replacement Letters of Credit: for Letters of Credit against which no draft has by then been presented, and no such reduction shall reduce the cumulative amount of the outstanding Letters of Credit to less than eighteen percent (18% ) of the face amount of the then outstanding Bonds. • B, Purchase and Sale of the Bonds Seattle-Northwest covenants and agrees to purchase the Bonds . . under the following terms and conditions : • i . The purchase price shall be par, plus accrued interest • to the ,date of delivery. ii. The Bonds shall he term bonds having a maturity seventeen years from the dated date. • • iii. The Bonds shall be bearer coupon bonds in the amount of $5 , 000 each, except for Bond No. 1 which may be a different 'denomination, the total principal amount of which shall be the maximum lawful amount the City may issue under applicable law, reduced only by such amount as may be necessary to assure, in the opinion of Roberts , . Shefelman, Lawrence, Gay & Moch, the exemption of interest in the Bonds from federal income taxation. • iv. Receipt of an approving legal opinion of Roberts, • Shefelman, Lawrence, Gay & Moch with respect to the validity of the Bonds and that interest in the Bonds • is' exempt from federal income taxation dated the date of delivery of the Bonds. • v. Receipt of a signature identification and no-litigation certificate in usual form executed by the City Clerk and • dated .the date of 'delivery of the Bonds . vi. That the Letters of Credit requested to be issued pur suant to this agreement are issued, outstanding, and held by the City. vii. Passage by the City of an ordinance authorizing the issuance of the Bonds in confo mity with law and this agree- merit, which shall provide in addition for copies of all notices of call of the Bonds prior to maturity to be fur- nished to Seattle-Northwest contemporaneously with publica- . tion thereof. • viii. The Bonds shall be printed and delivered to Seattle- Northwest, •and bond counsel ' s opinion furnished, all at the City 's expense, within 60 days of expiration •of the • statutory prepayment period applicable to the assessment roll for the District, but the date of delivery of the Bonds to Seattle-Northwest may by agreement by and between the City and Seattle-Northwest only, extend the date of delivery an additional 30 days. G V • • ix. The Bonds shall bear an interest rate to be negotiated between the City and Seattle-Northwest at the expiration of the statutory prepayment period referred to in viii , above. C. Non-Prepayment of Assessments, Option of the City to Accelerate Foreclosure, Rights and Obligations to Run with the Lana i . Glacier, Mobil, Austin and the Weber Group each irrevocably undertake and agree not to prepay or cause to permit to be prepaid any assessment levied or assessed pursuant to the assessment roll for the District upon their respective real property within the District, except only in the event of condemnation of such real property pursuant to statute, •in which case such prepayment may be made but only with respect to the portion or parcel so • condemned. This covenant expressly waives all statutory • or other rights to prepay any and all installments of such assessments , or portions thereof. Any and all • • • payments or prepayments made or tendered in violation • • hereof may be refused or refunded at any time, as to which delay in such refusal or refund shall not estop' or other- . wise bar the City from making such refusal or refund and • thereafter demanding and enforcing its rights to receive • such installments when due, and interest and penalties • thereon. . ii. The City shall have the right and option, but under no circumstances shall the City be bound in law• or equity to exercise such right and option, to accelerate and fore- 'close as may now or hereafter be provided by law, immediately • upon delinquency in payment' of any principal installment of • any assessment for the District, and .interest thereon, or as soon thereafter as may now or hereafter be permitted. by ' • law, upon any and all property within .the District to which such delinquency shall pertain, as to which time and the • • City ' s right to exercise its right to accelerate such fore- closure without obligation to do so are ` of the essence. No • exercise of this right or option shall, if subsequently held to be invalid, act as an election on the part of the City barring it from otherwise proceeding at law or in equity to foreclose in any other manner or at any other time or times whatsoever. • iii. In furtherance of the covenants and agreements set forth i•n this paragraph .4.C. , Glacier, .Mobil, Austin and .the Weber Group shall immediately severally execute, acknow • . . ledge and cause to be recorded in the office of the King County Director of Records and Elections a declaration of • covenants in the form attached hereto as ' Exhibit I hereto,- in which shall be contained a complete legal description • of all real estate within the District of which they are • the respective record owners , and to which shall adhere by . signature similarly acknowledged all, other parties or persons having any interest in each such •parcel of real property or . part thereof. 5 . Notices: Any and all. notices, demands , or other communications • between the parties hereto, which shall not include any demand or presentment under or pursuant .to any Letter of Credit, shall be . • effective only if in writing and when received at the address of the addressee at its address first above set forth, except that any • party may by notice so given furnish notice that a different address • shall thenceforth apply to it for receipt of notice. 6 . Several Obligations; Waiver of Subrogation: ' The obligations of Glacier, Mobil, Austin and the Weber Group are several and not joint; none of those parties shall be liable for default of any other of those parties except insofar as the City may demand and • • -4 • - • • recover upon one or more Letters of Credit by reason of insufficiency for any reason of money in the Bond Fund to pay principal of or • interest upon any Bond as of fifteen days prior to the due date of such principal or interest. Glacier,. Mobil , Austin and the Weber Group hereby irrevocably wave any right of subrogation whatsoever in or to any legal or equitable right the City may now or hereafter have against them or any of theta or in or pursuant to any Letter of . • Credit. The failure or refusal of the City to enforce any right against Glacier, Mobil, Austin or the Weber Group, or any Letter of Credit, shall not bar or constitute any defense, offset or counter- claim to any action by the City hereunder, under any Letter of Credit, or under any power or authority the City may now or hereafter have. . 7. Amendments: • This agreement may be amended only in writing by all parties hereto provided such amendment is fully executed and delivered .priar to issuance of the Bonds, Thereafter, the holders of the Bonds shall be deemed to be parties hereto for purposes of this agreement until expiration or exhaustion by exercise of the last Letter of Credit outstanding. • DATED this day of , . 1980 . • • THE CITY OF RENTON • • • By ATTEST: ' Its Mayor • • Its City Clerk GLACIER PARK COMPANY • • • • . ATTEST: • By • Its President • Its Secretary MOBIL OIL CORPORATION • ATTEST: . By Its • • Its AUSTIN COMPANY, d/b/a METRO Industries , • Inc. • ATTEST: By • Its President • Its Secretary SEATTLE-•NORTHWEST SECURITIES CORPORATION • By Its President • • And by Its Secretary Sohn Weber Ronald Allison Richard Diven Richard Iverson each of these four signers is executing individually and on behalf_ of, his respective marital community . • -5- CITY OF RENTON, WASHINGTON ORDINANCE NO. 3412 AN ORDINANCE fixing the amount, form, date, interest rates, maturities and denominations of Local Improvement District No. 302 Bonds and directing the issuance and sale thereof to Seattle-Northwest Securities Corporation of Seattle, Washington. THE CITY COUNCIL OF THE CITY OF RENTON, WASHINGTON, DO ORDAIN, as follows: Section 1 . The total amount of the assessment roll in Local Improvement District No. 302 in the City of Renton, Washington (the "City") , created under Ordinance No. 3202 passed March 13 , 1978, was $6,058,822. 92. The 30-day period for making cash payments of assess- ments without interest in the District expired on April 10, 1980, and the total amount of assessments paid in cash was $1 ,511,892.56, leaving a balance of assessments unpaid on the assessment roll in the sum of $4,546,930.36. Local improvement district bonds of Local Improvement District No. 302 (the "Bonds" ) shall, therefore, be issued in the total principal sum of $4,546,930.36. Bond No. 1 shall be in the denomination of $1 ,930. 36, and the remaining bonds numbered 2 to 910, inclusive, shall be in the denomination of $5,000 each. The bonds shall all be dated May 1 , 1980, and shall mature and bear interest payable on May 1 of each year commencing May 1 , 1981, as follows: Bond Numbers Interest Maturity ( Inclusive) Amounts Rates Years 1 to 45 $221,930. 36 11. 50% as 5P•AZ 1981 46 to 88 215,000.00 11. 50% Was,a 1982 89 to 128 200,000. 00 11. 50% -5, 0f"° '' 1983 129 to 167 195,000.00 11 .50% a.1, 05 °° 1984 168 to 205 190,000.00 11.50% 8/,85°,°d 1985 206 to 242 185,000.00 11.50% 84,a7,-,Ce 1986 . 243 to 278 180,000.00 . 11.50% ao, `T°D,dD 1987 279 to 313 175,000. 00 11.50% a0,ias,°° 1988 314 to 347 170,000.00 10.50% /7,0'5d' 1989 348 to 380 165,000.00 10.00% /G,Svd,D° 1990 381 to 400 100,000.00 10.10% iod°o,pO 1991 401 to 420 100,000.00 10 .20% i0, 00 1992 421 to 440 100,000. 00 10.30% •m300•eO 1993 441 to 460 100,000.00 10.40% i0,'f 'p6 1994 461 to 480 100,000.00 10. 50% /0,5d0, ' 1995 (hereinafter called "Serial Bonds" ) 481 to 910 2,150,000.00 11.00% ;34yd0,00 1997 (hereinafter called "Term Bonds" ) 4-0/i 97/ 97 Serial Bonds numbered 1 through 313, inclusive, are issued without the right or option of the City to redeem the same prior to their maturity dates. The City reserves the right to redeem Serial Bonds numbered 314 through 480, inclusive, prior to their stated maturity dates as a whole, or in part in inverse numerical order, at the • following times and prices: • On May 1, 1988, at $100.50; On May 1, 1989, at $100.25; On May 1 , 1990, and any interest payment date thereafter, at $100; plus accrued interest to date of redemption. The City reserves the right to redeem Term Bonds numbered 481 through 910, inclusive, prior to their stated maturity date as a whole, or in part in - 2 - . numerical order, on any interest payment date, at par plus accrued interest. Notice of such call for redemption shall be published once in the official newspaper of the City not less than 10 nor more than 20 days prior to the call date, and by mailing a copy of such notice within the same period to the main office of Seattle- Northwest Securities Corporation in Seattle, Washington, or its successor, and upon such date the interest on bonds so called shall cease and each and every coupon representing interest not accrued on such date shall be void . Section 2. The bonds and coupons shall be printed or litho- graphed on engraved paper in a form consistent with this ordinance and state law. The bonds shall be signed by the facsimile signa- ture of the Mayor and attested by the manual signature of the City Clerk and shall have a facsimile reproduction of the seal of the City imprinted thereon, and the coupons shall bear the facsimile signatures of the Mayor and the City Clerk. Section 3. Seattle-Northwest Securities Corporation of Seattle, Washington, heretofore offered to purchase all of the bonds at a price of par, plus accrued interest from the date of ' the bonds to the date of their delivery to the purchaser, the City to furnish the printed bonds and the approving legal opinion of Roberts, Shefelman, Lawrence, Gay & Moch, municipal bond counsel of Seattle,, Washington, at the City's expense. Bond counsel shall not be required to review nor express any opinion concerning the completeness or accuracy of any official statement, offering - 3 - circular or other sales material issued or used in connection with the, bonds, and bond counsel 's opinion shall so state. The. City Council, deeming that it was in the best interest of the City that such offer be accepted, duly accepted the same on April 7, 1980, and such acceptance is hereby ratified and confirmed. The Bonds shall, therefore, immediately upon their execution, be delivered to Seattle-Northwest Securities Corporation, Seattle, Washington, upon payment therefor in accordance with such offer. Section 4. 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 and APPROVED by the Mayor of the City of Renton, Washington, at . a regular open public meeting thereof, on the 14th day of April, 1980. 5 hMcu 1�1. . 1 0 duo p Maybr ATTEST: • . . Q '),(_ziZ. • City Clerk APPROVED AS TO FORM: . City Attorney^ - 4 Lam' • ■■■ ■■■ seattle-northwest securities corporation 500 Union Street / Seattle, Washington 98101 / (206) 628-2882 April 7, 1980.. • The Honorable Mayor and City Council City of Renton City Hall Renton, Washington 98055 . Re: Local Improvement District No. 302 Bonds, 1980 Mayor and City Council : For $4,550,000, or such lesser principal amount of the above described legally issued bonds to be dated May 1 , 1980, we will pay $100 for each $100 par value of bonds plus accrued interest to the date of delivery to us. The exact principal amount of bonds to be issued by the City and to be purchased by us will be the difference between the amount of the confirmed assessment roll for LID No. 302, $6,058,822.92, and the amount of assessments received in the prepayment period which we understand expires on April 10, 1980. The bonds will be in denomination of $5,000, except for bond No. 1 which may be for a lesser amount, and will bear interest and mature as follows: Coupon Amount Rate Maturity $225,000 (approx. ) 11 .50% 5/1/81 215,000 11.50 5/1/82 200,000 11 .50 5/1/83 195,000 11 .50 5/1/84 190,000 11 .50 5/1/85 185,000 11 .50 5/1/86 180,000 11 .50 5/1/87 175,000 11 .50 5/1/88 170,000 10.50 5/1/89 165,000 10.00 5/1/90 100,000 10.10 5/1/91 100,000 10.20 5/1/92 100,000 10.30 5/1/93 100,000 10.40 5/1/94 100,000 10.50 5/1/95 2,150,000 (approx. ) 11 .00 5/1/97 • Serial Bonds due 5-1-81 thru 5-1-88 are issued without the right of prior redemption. Serial bonds due 5-1-89 thru 5-1-95 are callable in inverse numerical order at the following times and prices: • 5-1-88 @ 100-1/2 5-1-89 @ 100-1/4 5-1-90 and thereafter @ 100 Term bonds due 5-1-97 are callable in numerical order at par plus accrued interest on any interest payment date. It is requested that the City adhere as closely as possible to the following estimated term bond maturity schedule: ESTIMATED TERM BOND REDEMPTION SCHEDULE Coupon Estimated Amount Rate Maturity $355,000 11 .00% 5/1/81 300,000 11 .00 5/1/82 275,000 11 .00 5/1/83 255,000 11 .00 5/1/84 240,000 11 .00 5/1/85 210,000 11 .00 5/1/86 185,000 11 .00 5/1/87 170,000 11 .00 5/1/88 160,000 11 .00 5/1/89 It is understood that if less than $4,550,000 in bonds is issued, other than the odd amount of bond No. 1 , a corresponding adjustment will be made to reduce the amount of. term bonds accordingly. (inverse numerical adjustment) Our offer to purchase the bonds is subject to the following conditions: (1 ) Receipt of an approving legal opinion and non-litigation certificate from Messrs. Roberts, Shefelman, Lawrence, Gay & Moch, at the time of delivery. (2) Adoption of a bond ordinance in conformance with this agreement. (3') Delivery of the printed bonds to us within 45 days of the date of this agreement. If the bonds are not delivered within this period, we reserve the right to cancel this agreement or extend the period. (4) The City shall have on file, prior to the delivery of the bonds, an irrevocable letter of credit running for a term of six years from the date of the issue in an amount not less than 18% of the unpaid aggregate principal balance of the assessments upon land with LID No. 302 owned •by Glacier Park Company. Said letter of credit shall have been caused to be issued by Glacier Park Company and shall • be in favor of "The City of Renton for the account of Local Improvement Fund, District No. 302" as beneficiary. The City will agree to pay for the ,.bond 'printing and 'the approving legal opinion and, in addition, to mail to Seattle-Northwest Securities Corporation a copy of all notices of bonds called. It is understood that the City will add to and maintain its LID Guaranty Fund in such an amount as is consistent with good municipal practice. This offer is submitted for immediate acceptance or rejection. • Respectfully submitted, . 6.,..E Richard T. Kennedy (- Vice President • RTK/kb ACCEPTED this day of , 1980 Mayor City Clerk First Banl Saint Paul The First National Bank Wholesale Banking Group-Division B of Saint Paul Loans and Account Relationships 332 Minnesota Street Metropolitan Twin Cities Area and Saint Paul, Minnesota 55101 Eastern United States City of Renton Date: March 31, 1980 Municipal Building ZOO Mill Avenue South • Each draft drawn relative hereto Renton, Washington 98055 must be marked: "Drawn Under Credit Number: 14238" We hereby open in favor of the City of Renton for the account of Local Improvement Fund, District No. 302, our Irrevocable Letter of Credit Number 14238 for the account of Glacier Park Company, for a sum not exceeding a total of $462, 930. 78 available by your draft at sight on us signed by your Finance Director or his successor accompanied by the original of this Letter of Credit and a certificate signed by the Finance Director or his successor either that: (1) There exists a delinquency in an assessment or part thereof for Local Improvement District No. 302 of the City of Renton upon property owned by Glacier Park Company at the time of such delinquency, or (2) There remain twenty or less calendar days of the remaining term of this Letter of Credit. We hereby agree to honor each draft drawn under and in compliance with the terms of this Letter of Credit, if duly presented together with the document(s) specified at our Collections Department, 332 Minnesota Street, Saint Paul, Minnesota, no later than 2:00 p. m. Saint Paul time on May 1, 1981 after which time this Letter of Credit will be null and void. Yours very truly, THE FIRST NA ay/AL/BANK OF SAINT PAUL By: • G� jy" tic/51/4/z/,d,j. This Credit is subject to the "Uniform Customs and Practice for Documentary Credits (1974 Revision), International Chamber of Commerce Publication No. 290. " Membc I ir;;t E,1ol< System c1 • .. beche GAY .Q�.,L-;� .l` c> ' • .,•kab..--(4r Is it :34,' fl i es . • ,,,,,1 00 • ;J,I - t;1- ' FAIRVIEW AVE, NO. AND JOHN ST. . P.O. BOX 70 1' '" l;r ,:''` ;.• SEATTLE, WASHINGTON 9U111 ,,T Ii f'1 i `:xr a':1 ., ;IGff i' iiii 'Jill ba 1•! I,2,11k t.J'll, 1 I,•!' ril Ij.f' .1f 1 Mar,QI' i ..r (. .},Ii T 1y.i 1 l{(�j IF g 1, RETAIL DISPLAY .s.L :. .4,.,,t,-.'SW.z.i'nae;.: ; 7.L;I:z, , L n ADVERTISING STATEMENT ACCOUNT NO DAII' CITY OF RENTON 15026 3/31/80 ATTN DELORES MEAD CMC PHONE 4c 4-252 CITY CLERK RENTON WA 98055 . TERMS— PAYABLE ON OR BEFORE THE 15TH OF EACH MONTH. THANK YOU. 1 PLEASE DETACH AND RETURN THIS PORTION OF STATEMENT WITH YOUR REMIT'EAR UAIE DESCRIPTION CODE SEC EARNED RATE INCHES ALL OTHERS •� O DAILY SUNDAY ROTO INCHES INCHES RATE AMOUNT3-01 BALANCE FORWARD • • ' ?68 . , 3-13 CASH RECD . I 41 . ' 3-26 CASH RECD ; 158 .t 3-07 LEGAL ORD I NA 3402 1 1 LID 302 000/000/04.514.21 .42.42' 14.00 8. 35 1.16. c. 3-.10 . PUBLIC . NOT ICE 0Fi 1,i t Col 1 ect ion 000/000/04.514.22..34.03.I,.;Y::.L.5...00.;...1...:,.8....35. w.,,:':.V;.:. .. 41:; a 3-17 PUBLIC NOTICE 0Fi 1.A. ;Collection , 000/000/04.5 4.22.34,.03 i._, ..6;_.:5,.00,..1...._8..35, ..41,....i 3-20 NOTICE PUBLIC HEAR!, 1 LID 307 000/000/04.514.21 .42.42 4.50 8.35 37. ' 3-21 NOTICE PUBL;C HEARL 1 LID 307 000/000/04.514.21 .42.42. 4.50 8. 35 37. ' 3-22 NOT ICE PUBLIC HEAR!, 1 LID 307 000/000/04.514.21 .42.42! 4.50 8 .35 37. c 3-23 NOTICE PUBL1 C HEAR,. 1 LID 307 000/000/04.514.21 .42.42i 4.50 t3 .35 37. 4 3-31 ADJ RATE 1 I 67.E . i i . • 3d� v I 40 CiT"( (...)F 'fl.;:.;\•- ••:-.)',.%! C'c..:.i-7,- '::..1 C.....t% . . .'7\, 01 fi 2'1 / I1.:. In. i.iill ,i(,',1 TI:I. .. • I:. :.i. ..i,.. • ALITI•ICAtZEi) TOf0UT:i E1<?,C.,;I: &NI) C?;:I0 t' TO SAID Cli,.M. /I til(iNE 0Vi Gt?lU 4te i�.a .x• J CONTRACT OR EARNED RATE fY1'1: DAILY SIINDAY ROTO i .16 21. 36 25.23 1 . . ' ' 'i 42.00 I,OJJ I IIACT TOTAL SPACE d I.(,.i11Lu SPACE TO DATE THIS MONTH ACCOUNT NUMBER PLEASE PAY THIS AMOUN 1 I /^�//�� 1 1 $ 3 50 •7 DUi. I III.Mt 2•E:DUCATION 3.AMl1SEMENT SEC 1•AE2.. EWSPAPER 2•MAGAZISO26 A •1 NCIDHnofHOOO TIIEAIEII S•ERONT AND PICTURE PAGE Q 34.V. A•COMIC ISUNDAY) 5-ROTO 'I'•A I IIIIf1AY PICKUP (I COMIIINA(ION TRAVEL O,7•SPECIAL SECTION OZONE ? • Form 81 • Affidavit of Publication . . STATE OF WASHINGTON, t ss.• - COUNTY OF KING, f • 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 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 March 10 and 17 , 1980 and that the said newspaper was regularly distributed to its subscribers during all of said period. . -PUNK NOTICESNOTICESNOTICE Of COLLECTION , - • Of ASSeSSMBR '- • ,,�� CITY Of RENTON,WASHINGTON. •NOTICE IS HEREBY GIVENLLD. THAT the Assessment r CC Roll for the Local Improvement District No.302,Ren- ton, King County,Washington,for the Improvement • - of a certain area on a portion of Lind Avenue S.W. • Subscribed and sworn to before me this Twenty-Second day • lying between S.W. 16th street and S.W.43rd street, ' S.W. 34th street and S.W.41st street lying between Lind Ave. S.W.and East Valley Road, for the im- provement of certain streets Including grading and of May 198 0 - draining, together with curbs, gutters, sidewalks, t � street lights and underground utilities and appurte- nances as provided in Ordinance No.3402,payable by the mode"Installment Note"pursuant to R.C.W. - 25.15.150,is'In my hands for collections and any as- Malay Publl and r The State of, Wash(. sessment thereon or any portion of such-assessment Washington may be paid at any time within thirty(30)cloys from at Seattle March 10,1980 without penalty,interest or costs,and -- the unpaid balance,If any may be paid In fifteen(15) . _equal Installments, or the lien of any such assess- men),may be discharged at any time after the first thirty(30)days following March 10, 1980 by paying the entire unpaid portion thereof,with oil penalties and cost attached,together with oil Interest thereon - to date of maturity of the Installment thereof next _ falling due. The first Installment shall become.due and potable during the thirty-day period succeeding . . - ---^- o date one Year otter March 10, 1980,and annually 4 - , thereafter such succeeding Installments shall become Z - , due and payable in a like manner.If the whole or any _ - • portion of the assessment remains unpaid after the pp first thirty-day period herein provided,Interest upon 4` the whole unpaid sum shall be charged at the rote of - E 12%per annum,provided,however, that If the net - a effective Interest rate fixed on the local Improvement r,`, - . bonds hereafter Issued for Local Improvement Dis- F. - - y ' tract No.302 is less than 111h%per annum,the'Inter- • est rate on the unpaid assessments shall be revised to C a rote of Vi of 1%In excess of the net effective Inter- . . - - est rate on such bonds,and each year thereafter one - • - l�-�~` of said installments,together with Interest due upon • - the whole of the unpaid balance shall be collected. +Any Installment not paid prior to the expiration of the - l\'\ thirty-day period during which such installment IsIx.due and payable shall thereupon become delinquent. 0 - \ All delinquent Installments shall be subject to a . . - - charge for interest of the rote hereinabove set forth and for an additional charge of 8vz%penalty levied .- "' k upon bath.principal and Interest due upon such In - . - ' . • - stailment or installments.The collection of such de- •"- ' Iinquent Installment or installments will be enforced .. w — — — _. ,_� — _ in the manner provided by low. - (s)Gwen E.Marshall Finance Director for ' City of Renton ¢ Renton,Wash. . Published in The Seattle Times . 1March 10,and 171980 . t • ;1 5Z5 plc • Form 81 AffidavitPublication®f Publica ®n is- \''!••. U t`—' �sott�� 4�, STATE OF WASHINGTON, SS. , f, COUNTY OF KING, fir:;`. i 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 March 10 and 17 , 1980 • and that the said newspaper was regularly distributed to its subscribers during all of said period. • PUNEIC NOTICES -r NOTICE OF COLLECTION f OF ASSESSMENT _ CITY OF REN ION,WASHINGTON LAID. 02 NOTICE IS HEREBY GIVEN THAT the Assessment 1 � F - Roll for the Local Improvement District No.302,Ren- ton, _ - King County:Washington, for the Improvement , of a certain area on a portion of Lind Avenue S.W. ' Subscribed and sworn to before me this Twenty-Second -lying between S.W. loth sheet and S.W.43rtl street � da S.W. 34th street and S.W i41st street lying between y Lind Ave. S,W, and East Valley Road, for the Im-" provement of certain streets including grading and of May draining, together with curbs, gutters, sidewalks, , i980 ./�s,�� street lights and underground utilitiesN . and appurte- nances as provided in Ordinance No.3402,Payable by the mode-"Installment Note"pursuant.toR.C.W, 25.45.150;1 my hands for collections and any as- No Public In for the S e of Washington sessment thereon or any portion of such assessment I t0� may be.paid at any time within thirty(30)days from residing at S Me March 10,1980 without penalty,interest or costs,and the unpaid balance,if any may be paid in fifteen(15) equal installments, or the lien of any such assess- _ ment.may be discharged at any time after the first thirty (30)days following March 10, 1960 by paying the entire unpaid portion thereof, with all penalties and cost attached,together with all interest thereon to date of maturity of the Installment thereof next failing due. The first installment shall become due . _ _ • and payable during the thirty-day period succeeding r a dote one year after March 10, 1980, and annually �' thereafter such succeeding Installments shall become due and payable in a like manner.If the whole or any • portion of the assessment remains unpaid after the first thirty-day period herein provided,interest upon the whole unpaid sum shall be charged at the rate of 12% per annum, provided, however, that if the net effective interest rate fixed on the local Improvement bonds hereafter issued for Local Improvement Dis- trict No.302 is less than 11V2%per annum,the Inter- est rate on,the unpaid assessments shall be revised to ( , a rata of Vs of 1%In excess of the net effective inter- est rote on such bonds,and each year thereafter one I of said installments,together with interest due upon the whole of the unpaid balance shall be collected. Any Installment not paid prior to the expiration of the thirty-day period during which such Installment is .due and payable shall thereupon become delinquent, All delinquent installments shall be subject to a charge for Interest at the rote hereinabove set forth and for an odditiopal charge of 8Vz%penalty levied . upon both principal and Interest due upon such in- stallment or installments.The collection of such de- Ilnquent Installment or Installments will be enforced • .In the manner provided by low. (s)Gwen E.Marshall Finance Director for City of Renton Renton,Wash. Published in The Seattle Times I March 10,and 17 1950 1 I PUBLIC NOTICES NOTICE OF COLLECTION OF ASSESSMENT CITY OF RENT0N, WASHINGTON L.I.D. 302 NOTICE IS HEREBY GIVEN THAT the Assessment Roll for the Local Improvement District No. 302, Renton, King County, Washington, for the improvement of a certain area on a portion of Lind Avenue S.W. lying between S.W. 16th street and S.W. 43rd street, S.W. 34th street and S.W. 41st street lying between Lind Ave. S.W. and East Valley Road, for the improvement of certain streets including grading and draining, together with curbs, gutters, sidewalks, street lights and underground utilities and appurtenances as provided in Ordinance No. 3402, payable by the mode "Installment_ Not pursuant to R.C.W. 25.45.150, is in my hands for collections and any assessment thereon or any portion of such assessment may be paid at any time within thirty (30) days from March 10, 1980 without penalty, interest or costs, and the unpaid balance, if any may be paid in fifteen (15) equal installments, or the lien of any such assessment, may be discharged at any time after the first thirty (30) days following March 10, 1980 by paying the entire unpaid portion thereof, with all penalties and cost attached, together with all interest thereon to date of maturity of the installment thereof next falling due. The first. installment shall become due and payable during the thirty-day period succeeding a date one year after March 10, 1980, and annually thereafter such succeeding installments shall become due and payable in a like manner. If the whole or any portion of the assessment remains unpaid after the first thirty-day period herein provided, interest upon the whole unpaid sum shall be charged at the rate of 127 per annum, provided, however, that if the net effective interest rate fixed on the local improvement bonds hereafter issued for Local Improvement District No. 302 is less than 11- % per annum, the interest rate on the unpaid assessments shall be revised to a rate of 2 of 1% in excess of the net effective interest rate on such bonds, and each year thereafter one of said installments, together with interest due upon the whole of the unpaid balance shall be collected. Any installment not paid prior to the expiration of the thirty-day period during which such installment is due and payable shall thereupon..become delinquent. All delinquent installments shall be subject • to a charge for interest :at the rate hereinabove set forth and for an additional charge of 8-i% penalty levied upon both principal and interest due upon such install- ment or installments. The collection of such delinquent installment or installments will be enforced.: in the manner provide by law. pvq,pc) Gwen E. Marshall Finance Director for City of Renton Renton, Wash. Published in The Seattle Times March -', and 4 1980 /0 17 9 PUBLIC NOTICES ' NOTICE OF COLLECTION ' OF ASSESSMENT'' CITY OF RENTON,WASHINGTON LI.D,302 NOTICE IS HEREBY GIVEN THAT the Assessment Roll for the Local Improvement District No.302,Ren- ton, King County, Washington, for the improvement of a certain area on a portion of Lind Avenue S.W. lying between S.W. 16th street and S.W.43rd street, S.W. 34th street and S.W. 41st street lying between Lind Ave. S.W. and East Valley Road, for the im- provement of certain streets including grading and draining, together with curbs, gutters, sidewalks, street lights and underground utilities and appurte- nances as provided in Ordinance No.3402,payable by the mode"Installment Note"pursuant to R.C.W. 25.45.150, is in my hands for collections and any os- , sessment thereon'or any portion of such assessment may be paid of any time within thirty(30)days from March 10,1980 without penalty,interest or costs,and the unpaid balance,if any may be paid in fifteen (15) equal installments, or the lien of any such assess- 1 ment,may be discharged at any time after the first thirty (30) days following March 10, 1980 by paying the entire unpaid portion thereof,with.all penalties ' and cost attached, together with all interest thereon to date of maturity of the installment thereof next falling due. The first Installment shall become due and payable during the thirty-day period succeeding a date one year after March 10, 1980, and annually ' thereafter such succeeding installments shall become due and payable in a like manner.If the whole or any portion,of the assessment remains unpaid after the first thirty-day period herein provided, interest upon the whole unpaid sum shall be charged at the rate of 12% per annum, provided, however, that if the net ' effective interest rate fixed on the local improvement bonds hereafter issued for Local Improvement Dis- I' trict No.302 is less than 111/2%per annum,the inter- est rate on the unpaid assessments shall be revised to a rate of 1/2 of 1%in excess of the net effective Inter- est rate on such bonds,and each year thereafter one ' of said installments,together with interest due upon the whole of the-unpaid balance shall be collected. Any Installment not paid prior to the expiration of the thirty-day period during which such installment is due and payable shall thereupon become delinquent. All delinquent installments shall be subiect to a charge for interest at the rate hereinabove set forth and for an additional charge of 81/2% penalty.levied ' I upon both principal and interest due upon such'in- stallment or installments. The collection of such de- linquent installment or installments will be enforced in the manner provided by law. (s)Gwen E.MarshallII I Finance Director for , City of Renton Renton,Wash. rPublished in The Seattle Times March 10,and 17 198D I Ern IODU atter, : Air ' - t securities corporation 500 Union Street / Seattle, Washington 98101 / (206) 628-2882 March 11 , 1980 Mr. Ralph Hamilton Manager - Property Taxes Burlington Northern Central Building . 810 Third Avenue Seattle, WA 98104 Re: City of Renton LID No. 302 Burlington Northern-(Glacier Park Company) Letter of Credit Dear Ralph: Enclosed please find copies of the two (2) letters of credit each in the amount of $231 ,500 (9% of Glacier's unpaid assessment) . We desire one letter of credit to be for a term expiring six years after the date of the bonds (May 1 , 1980) and the other for a term expiring seven years after the date of the bonds. Also enclosed is a form of agreement which we believe reflects the discussions which transpired in your Seattle office last week (Marc'h 6) . I believe the agreement explains the eventuality of letters of credit expiring sooner than the six and seven years as well as the possibility of reduction in the cumulative amount of the outstanding letters of credit to an amount not less than eighteen percent (18%) of the unpaid original principal balance. We would like to have executed documents in the City's possession not later than March 31 , 1980. If you have any questions or desire anything additional , please let me know. Sincerely, Richard T. Kennedy Vice President RTK/kb cc: Mrs. Gwen Marshall • • [NATIONAL BANK LETTERHEAD] • City of Renton Date: Municipal Building • 200 Mill Avenue South Each draft drawn relative hereto Renton, Washington 98055 must be marked: "Drawn Under • Credit Number: • We hereby open in favor of the City of Renton for the account of Local Improvement Fund, District No. 302, our irrevocable credit -number far the account of Glacier Park Company, for a sum not exceeding a total of $ available by your draft at sight on us signed by your Finance Director or his successor accompanied by the original of this Letter of Credit and a certificate signed by the Finance Director or his successor either. that: . • (1) An assessment (including interest). or part thereof for Local Improvement District No. 302 of the City of Renton upon property owned by Glacier Park Company as of January 1, 1980 , within Local Improve- • ment District No. 302 of the City of Renton, was not • paid when due, or " (2) There remain twenty or less calendar days of the remaining term of this Letter of Credit. . We hereby agree to honor each draft drawn under and in com- pliance with the terms of this Credit, if duly presented together with the document(s) specified at this office on or before. , 19 Yours very truly, [Name of Bank]. By • Authorized Signature This Credit is subject to the "Uniform Customs and Practice for Documentary Credits (1974 Revision) , International Chamber of Commerce Publication No. 290. " . • AGREEMENT 1. Parties : A. The City of Renton (the "City" ) , a Code city and municipal corporation of the State of Washington, whose address for • purposes hereof is Municipal Building, 200 Mill Avenue South, Renton, Washington 98055; • B. Glacier Park Company (with its successors and assigns "Glacier" ) , a Minnesota corporation, whose address for • . purposes hereof is 176 East Fifth Street, St. Paul, . • Minnesota 55101; • C. . Seattle-Northwest Securities Corporation (with its succes- sors and assigns "Seattle-Northwest" ) , a Washington corpora- . tion, whose address for purposes hereof is 1000 Logan Building, Fifth and Union, Seattle, Washington 98104; and 2. Definitions : A. "Bonds" means the local improvement district bonds pro • - vided for in Section V of the Ordinance. . • • B. "Bond Fund" means the "Local Improvement Fund,. District No. 302" created and established in the office of the City Finance Director by Section VII of the Ordinance. C. "District" means the City of Renton Local Improvement • District No. 302. • D.' "Improvements" means those improvements ordered to be installed and constructed by Section I of the Ordinance, details of which were permitted to be modified to the extent that, as provided in Section I of the Ordinance, • the City Council of the City may in its judgment deem advisable provided such modifications do not substantially alter the plan of such improvements. E. "Letter of Credit" means each letter of credit issued • and to be issued pursuant to Section 4A of this agree- ment, and otherwise in form satisfactory to counsel to • the City. F. "Ordinance" means Ordinance No. 3202 of the City passed and approved March 13, 1978. G. "Warrants" means those registered local improvement district revenue warrants authorized to be issued pur- . suant to Section V of the Ordinance. 3 . Facts : • • A. The City, by the Ordinance, has created and established the District pursuant to chapter 35. 43, Revised Code of Washington, and intends to issue and sell the Bonds to.. • Seattle-Northwest. The City and Seattle-Northwest have agreed that absent provision for sufficient supplemental funds or credit for the benefit of the District to insure the marketability of the Bonds , the Bonds cannot be issued and sold on terms which the City would accept, or Seattle- Northwest market the Bonds if the City did accept such terms. B. The purpose of this agreement is to provide the assurance required by the City and Seattle-Northwest and at the same time provide assurance of marketability of the Bonds with- out which assurance the City would be unwilling to issue and sell the Bonds, and Seattle-Northwest would be unwill- ing to purchase the Bonds. 4 . Agreements and Undertakings : In consideration of the following mutual agreements and undertakings, the parties hereto agree as follows: A. Issuance of Letters of Credit • Glacier shall immediately cause to be issued by a United • States national banking association doing business as a depository bank in Seattle, King County, Washington, two irrevocable Letters of Credit one of the two Letters of • Credit each in the amount of $ in each case to be for a term expiring six years after the date of the Bonds, and the other for a term expiring seven years after the date of the Bonds, all in favor of "The City of Renton for the account of Local Improvement Fund, District No. 3.02" as beneficiary which shall provide, without other limitation except as expressly provided in this subsection, that the only. documents against which payment is to be made shall be a draft of the City and a certificate, each of which shall be signed by the City Finance Director or his successor certifying either that: i. An assessment (including interest) for the District upon property owned by Glacier as of January 1, 1980 , within the District was not paid when due, or • ii. There remain twenty or less calendar days of • the remaining term of the subject Letter of Credit [except that this condition ii. shall not apply during or after the last twenty days of the respective six or seven year terms specified above] . In the event that any Letter of Credit is issued for a term expiring sooner than that required above, Glacier shall cause to be renewed or replace such respective Letters of Credit no later than twenty days prior to the expiration of the respective Letters of Credit then outstanding. Notwithstanding the amount set forth above reduction in the aggregate amount of Letters of Credit outstanding may be effected only by pro rata reduction in the form of replacement Letters of Credit. for Letters of Credit against which no draft has by then been presented, and no such reduction shall reduce the cumulative amount of the outstanding Letters of Credit to less than eighteen percent (18%) of the unpaid aggregate principal balance of the District assessments upon land within the District owned by Glacier on January 1, 1980. • B. Purchase and Sale of the Bonds Seattle-Northwest covenants and agrees to purchase the Bonds under the following terms and conditions : i . The purchase price shall be par, plus accrued interest to the date of delivery. ii. The Bonds shall be term bonds , having a maturity seventeen years from the dated date. -2- • • iii. The Bonds shall be bearer coupon bonds in the amount • • . of $5 ,000 each, except for Bond No. 1 which may be a different denomination, the total principal amount of • • which shall be the maximum lawful amount the City may issue under applicable law, reduced only by such amount as may be necessary to assure,' in the opinion of Roberts, . Shefelman, Lawrence, Gay & Moch, the exemption of interest in the Bonds from federal income taxation. • iv. Receipt of an approving legal opinion of Roberts , Shefelman, Lawrence, Gay & Moch with respect to the validity of the Bonds and that interest in the Bonds • is exempt from federal income taxation dated the date of delivery .of the Bonds. v. Receipt of a signature identification and no-litigation • • certificate in usual form executed ,by the City Clerk and dated the date of delivery of the Bonds. • vi. That the Letters of Credit requested to be issued pursuant to this agreement are issued, outstanding, and held by the City. • vii. Passage by the City of an ordinance authorizing the issuance of the Bonds in conformity with law and this agreement, which shall provide in addition for copies of - all notices of call of the Bonds prior to maturity to be furnished to Seattle-Northwest contemporaneously with • publication thereof. viii. The Bonds shall be printed and delivered to Seattle- Northwest, and bond counsel's opinion furnished, all at the City's. expense, within 60 days of expiration of the statutory prepayment period applicable to the assessment roll for the District, but the date of delivery of the Bonds to Seattle-Northwest may by agreement by and between the • City and Seattle-Northwest only, extend the date of delivery an additional 30 days. . ix. The Bonds shall bear an interest rate to be negotiated between the City and Seattle-Northwest at the expiration of • the statutory prepayment period referred to in viii, above. C. Option of the City to Accelerate Foreclosure • • . The City shall have the right and option, but under no circum- stances shall the City be bound in law or equity to exercise such right and option, to accelerate and foreclose as may now or hereafter be provided by law, immediately upon delinquency in payment of any principal installment of any assessment for the District, and interest thereon, or as soon thereafter as • may now or hereafter be permitted by law, upon any and all • property within the District to which such delinquency shall . pertain, as to which time and the City' s right to exercise ' its right to accelerate such foreclosure without obligation to do so are of the essence. . No exercise of this right or option shall, if subsequently held to be invalid, act as an election on the part of the City barring it from otherwise proceeding at law or in equity to foreclose in any other manner or .at any other time or times whatsoever.. • • • -3- 5. Notices : Any and all notices, demands , or other communications between the parties hereto, which shall not include any demand or presentment under or pursuant to any Letter of Credit, shall be effective only if in writing and when received at the address of the addressee at its address first above set forth, except that any party may by notice so given furnish notice that a different address shall thenceforth apply to it for receipt of notice. 6 . Waiver of Subrogation: Glacier hereby irrevocably waives any right of subrogation whatsoever in or to any legal or equitable right the City may now or hereafter have against it in or pursuant to any Letter of Credit. The failure or refusal of the City to enforce any right against Glacier or any Letter of Credit, shall not bar or con- stitute any defense, offset or counterclaim to any action by the City hereunder, under any Letter of Credit, or under any power or authority the City may now or hereafter have. 7. Amendments: This agreement may be amended only in writing by all parties hereto provided such amendment is fully executed and delivered prior to issuance of the Bonds. Thereafter, the holders of the Bonds shall be deemed to be parties hereto for purposes of this agreement until expiration or exhaustion by exercise of the last Letter of Credit outstanding. DATED this day of , 1980 . THE CITY OF RENTON By Its Mayor ATTEST: Its City Clerk GLACIER PARK COMPANY By Its President ATTEST: Its Secretary • SEATTLE-NORTHWEST SECURITIES CORPORATION By Its President And by Its Secretary • -4- CE OF THE FINANCE DIRECTOR RENTON, WASHINGTON NOTICE OF ASSESSMENT MARCH 10, 1980 NOTICE IS HEREBY GIVEN THAT THE ASSESSMENT ROLL FOR THE LOCAL IMPROVEMENT OF: A CERTAIN AREA WITHIN THE CITY OF RENTON, KING COUNTY, WASHINGTON IN THE VICINITY OF SW 34th ST, SW 41st ST, LIND AVE. SW, RENTON, KING COUNTY, WASHINGTON, FOR' THE IMPROVEMENT OF CERTAIN STREETS INCLUDING GRADING AND DRAINING, TOGETHER WITH CURBS, GUTTERS, SIDEWALKS, STREET LIGHTS AND UNDERGROUND UTILITIES AND APPURTENANCES AS PROVIDED IN ORDINANCE NO. 3402, COMPRISING LOCAL IMPROVEMENT DISTRICT NO. 302, and payable by the mode of "Installrpemt Note" pursuant to R.C.W. 35.45.150 is in my hands for collection and any assessment thereon or any portion of such assessment may be paid at any time within the thirty (30) days fr9m March 10, 1980 without penalty, interests or costs - a., and the unpaid balance, if any, may be paid in fifteen equal annual installments, or the lien of any such assessment may be discharged at any time after the first thirty (30) days following March 10, 1980 by paying the entire unpaid portion thereof, with all penalties and costs attached, together with all interest thereon to date of maturity of the install- ment thereof falling due. The first installment shall become due and payable during the thirty-day period succeeding a date pneyear after March 10, 1980 and annually thereafter such suceeding installments shall become due and payable in a like manner. If the whole or any protion of any assessment remains unpaid after the first thirty-day period herein provided, interest upon the whole sum shall be charged at the rate of 127 per annum, provided, however, that if the net effective interest rate fixed on the local improvement bonds hereafter issued for Local Improvement District No. 302 is less than 11 7 per annum, the interest rate on the unpaid assessments shall be revised to a rate of z of 1% in excess J of the net effective interest rate on such bonds, and each year thereafter one of said installments, together with interest due upon the whole of the unpaid balance shall be collected. Any installment not paid prior to the expiration of the thirty-day period during which such installment is due and payable shall thereupon become delinquent. All delinquent installments shall be subject to a charge for interest at the rate hereinabove set forth and for an additional charge of 8 7 penalty levied upon both principal and interest due upon such installment or installments. The collection of such installment or installments will be enforced in the manner provided by law. Any question regarding this notice Respectfully, please call 235-2607, Edna Johnson vtJ -(_. wen E. Marshall Finance Director • .., AmillR• • ro, i tdsk, • T4 NN T.T Fi•� ED'`;B:E n E ^, NANC.E-` DEPTH'` March 10, 1 80 Glor"ia: t , • Rainier Wev • e ., 100 000'.00,:,•in sinterim'financing .with, ha 3, Bank: • .on'LID,:#302:of.:':which:we: have used °1,952,89b.04 • lance':available:,ofl• 1 1/�7 103.96. You may ,,..r; ,.,� 'leaving`•a>tia ► � _ } • issue. revenue warrants against Rainier u•p to that re- :m a''in ing'balance ; '.Any;'.excess-will' hopefully be :. ' covered• • from pre+ payments:•on' Ithe' LID. This ,will not effect your issuing "ca h warranits.for the full amount due the . • - vendors'butA I':would>'Like•-,to review the requests from. engineering' 'before:you:-set"them :up for payment. „ , Attached ;is-`a'.breakdown of:`the- tofAl LID costs as . provided me' by:Don. Mongha an. , CC G 1 trie si'` ;.r • • • • • it i_ r •• •• F'. iry `f! -'t, 1'3'• :y ,'•",-.Ei;pry . 1:+ .. .,. ,,. .: . . _ .. ,a,.. ,...age ..�.:�ti.t �i: •• I ;I ' I I � ' ,e6.1i7_ac- . • ZvlO6�.e � � a-/(76, -55, 7s9 • 97 Pvice- P0VV/6.- ( �/f/ 5 .) Z 0 77, 50 y 4‘)s7/A./ Co. W 7C-e...MA/Ai 33,q(-44 . 940 J�,.ScJ%'.�t�!"( A �- �- �-'n�j� � G35 `��oO . sL • 7y ( ,%1'o & rr-:v'"47-144^-1) 94) 09'_ e 3/ ;a4ao7 i2friV .doiR 7) 22 4 . BD • cry 477 y 2, 5'0 ,O!� ei C/t-2. l FS 5'0 • 97 �- � 29 as r�N�NCG C O � 52O Sv //&� 6, Ira . a / P� � 1 r7 / ,- ,sa ij nrin its JI t Ices r err 4,. .ttzle.,, l r?• rt , . securities corporation 500 Union Street / Seattle, Washington 98101 ./ (206) 628-2882 March 6, 1980 Mr. Scott Baker Corporate Banking Officer Rainier National Bank Public Finance One Rainier Square P.O. Box 3966 Seattle, Washington 98124 Re: City of Renton Local Improvement District No. 302 Dear Scott: The purpose of this letter is to express the expectation of Seattle-Northwest . Securities Corporation to arrange for the permanent financing for L.I.D. No. 302 prior to April 30, 1980. The permanent financing will be. in sufficient amount to retire the $2,600,000 in warrants plus interest, as well as the additional $500,000 in warrants plus interest the City has recently requested from your bank. The L.I.D. permanent financing is to be conditioned upon the following: 1® The maturity schedule of the bonds will be as. mutually 'agreed to by the City and Seattle-Northwest. 2. The interest rates and other details of the bonds shall be mutually agreed upon. The interest rates and other details shall be in accordance with existing bond market conditions at that time. • 3. That the assessments in L.I.D. No. 302 will ;have been properly filed for collection. 4. At the time of delivery of the bonds the City will furnish the unqualified approving legal opinion of Roberts, Shefelman, Lawrence, Gay & Moch, Bond Attorneys of. Seattle, which opinion will state that the interest on the bonds is exempt from federal income tax. If you have any questions, please do not hesitate to-contact me. . Vey+x truly yours, y r ,��..\\AA iri_ r. RTK:cb - . Richard T. Kennedy cc: Mrs. Gwen Marshall " Vice President Mr. Lawrence Neumeyer . of RA,-it A a� �-9 o THE CITY OF RENTON c) uxu, „,t.... r` MUNICIPAL BUILDING 200 MILL AVE. SO. RENTON,WASH. 98055 °' BARBARA Y. SHINPOCH, MAYOR • GWEN E. MARSHALL, DIRECTOR `y FINANCE DEPARTMENT Oit SEP1-�� March 6, 1980 STATE OF WASHINGTON) )SS COUNTY OF KING ) GWEN MARSHALL, FINANCE DIRECTOR 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 19.80 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 COLLECTION OF ASSESSMENT ROLL ON L.I.D. 302 FOR IMPROVEMENT AND INSTALLATION OF CERTAIN STREET, GRADING,. DRAINING, TOGETHER WITH CURBS, GUTTERS, SIDEWALKS, STREET LIGHT AND UNDERGROUND UTILITIES AND APPURTENANCE IN TEE VICINITY S.W. 34th AT, S.W. 41st ST. LIND AVE. S.W. RENTON, WASH. TO ALL PROPERTY OWNERS OF RECORD AS LISTED ON THE FINAL ASSESSMENT ROLL. Gn Marshall, Finance Director Subscribed and sworn before me this 6th day of March, 1980 Notary Public in and for the State of Washington, residing in Renton, Washington 1,3/C CITY OF RENTON, WASHINGTON ORDINANCE NO. 3402 AN ORDINANCE OF THE CITY OF RENTON, WASHINGTON, APPROVING AND CONFIRMING THE ASSESSMENTS AND ASSESSMENT ROLL OF LOCAL IMPROVEMENT DISTRICT NO. 302 FOR THE IMPROVEMENT OF CERTAIN STREETS INCLUDING GRADING AND DRAINING, TOGETHER WITH CURBS, GUTTERS, SIDEWALKS, STREET LIGHTS AND UNDERGROUND UTILITIES ON A PORTION OF LIND AVENUE S.W. LYING BETWEEN S.W. 16TH STREET AND S.W. 43RD STREET, S.W. 34TH STREET AND S .W. 41ST STREET LYING BETWEEN LIND AVENUE S .W. AND EAST VALLEY ROAD BY DOING ALL WORK NECESSARY IN CONNECTION THERE- WITH; LEVYING AND ASSESSING THE AMOUNTS THEREFOR AGAINST THE SEVERAL LOTS, TRACTS, •PARCELS OF LAND AND OTHER PROPERTY AS SHOWN ON THE ASSESSMENT ROLL AS CONFIRMED BY THE CITY COUNCIL; AND PROVIDING FOR THE PAYMENT OF SUCH ASSESSMENTS INTO THE LOCAL IMPROVEMENT FUND, DISTRICT NO. 302 OF THE CITY OF RENTON, WASHINGTON, AS CREATED BY ORDINANCE NO. 3202 . WHEREAS the assessment roll levying the special assessment against the property located in Local Improvement District No. 302 generally described as in the vicinity of Lind Avenue S.W. lying between S.W. 16th Street and S.W. 43rd Street, S.W. 34th Street and S.W. 41st Street lying between Lind Avenue S.W. and East Valley Road, Renton, King County, Washington, created under Ordinance No. 3202 dated March 13 , 1978 , has been filed with the City Clerk of the City of Renton, Washington, by the Director ofPublic Works, as provided by law; and WHEREAS due notice of the time and place of hearing thereon and making objections and protests to such roll was duly published at and for the time and in the manner provided by law, fixing the time and place of hearing thereon for February 25, 1980, at the hour of 8 : 00 p.m. in the City Council Chambers in the Municipal Building, Renton, Washington, and due notice thereof was timely mailed by the City Clerk to each property owner shown on such roll as provided by law and as further specified in RCW 35 .44. 090 and such hearing having been duly held and thereafter continued for one week to March 3 , 1980; and WHEREAS at the time and place fixed and designated in such notice, the hearing on such assessment roll resulted in the following protests and/or objections, as received by the City Clerk prior to, at and during such publicbhearing, to-wit: Name of Protesting Party Address Legal Description Jack A. Benaroya Co. 5950 Sixth Ave. S. The E. 160 Ft of the folg: Ti Seattle, Wa. 98108 12 Sec 31-23-5 NW 1/4, of the NW 1/4 less W 10 ft less County ro, and the City Council having duly considered such assessment roll together with the written protests and objections filed in connection therewith, as aforestated, and having duly considered such protests and the City Council sitting and acting as a Board of Equalization for the purpose of considering the roll, benefits to be received by each lot, parcel and tract of land shown upon such roll, including the increase and enhancement of the fair market value of each such parcel of land by reason of such improvement; NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF RENTON, WASHINGTON, DO ORDAIN as follows: -2- Section I. The following" adjustments are hereby made on the assessments and assessment roll of Local Improvement District No. 302 : Parcel No. and Original Adjusted Property Owners Description Assessment Assessment Parcel No. 27 Jack A. Benaroya Co The E 160 ft. of the fo1g; Ti 12 Sec 31-23-5 NW 1/4 of $347892.79 $346,339.23 - 1553.56 NW 1/4 less W 10 ft less County Rd Section II, The assessments and assessment roll of Local ' Improvement District No. 302 which has been created and established for the purpose of paying the cost of constructing and installing certain street improvements as more particularly described in Ordinance No. 3202 and all in accordance with such ordinance, be and the same are hereby in all things approved and confirmed after the adjustments referred to in Section I hereof have been made, so that the total amount of the assessments and assessment roll of such Local Improvement District is in the sum of $ 6,058,822.92 Section III. Each of the lots, tracts, parcels of land and other property shown upon such assessment roll is hereby determined and declared to be specially benefited by such improvement in at least the amount charged against the same, and the assessments appearing against the same are in proportion to the several assessments appearing -3- upon such roll. There is hereby levied and assessed against each lot, tract or parcel of land, or other property appearing upon such roll, the amount finally charged against the same thereon. Section IV. The assessment roll as approved and confirmed shall be filed with the Director of Finance for collection and the Director of Finance is hereby authorized and directed to publish notice as required by law, stating that such roll is in her hands for collection and that payment of any assessment thereon or any portion of such assessment can be made at any time within thirty days from date of first publication of such notice, without penalty, interest or cost, and that thereafter the sum remaining unpaid may be paid in fifteen equal annual installments with interest thereon hereby fixed at the rate of 12 % per annum, provided, however, that if the net effective interest rate fixed on the local improvement bonds hereafter issued for Local Improvement District No. 302 is less than 11 1/2% per annum, the interest rate on the unpaid assessments shall be revised to a rate of 1/2 of 1% in excess of the net effective interest rate on such bonds. The first installment of assessment on such assessment roll shall become due and payable during the thirty-day period succeeding the date one year after the date of first publication by the Director of Finance of notice that the assessment roll is in her hands for collection and annually thereafter each succeeding installment shall become due and payable in like manner. If the whole or any portion of the assessment remain unpaid after the first thirty-day period, interest upon the whole unpaid sum shall be charged at the rate hereinabove set forth and each year thereafter one of such install- ments, together with interest due on the whole of the unpaid -4- balance, shall be collected. Any installment not paid prior to expiration of the thirty-day period during • which the installment is due and payable shall thereupon become delinquent. All delinquent installments shall be subject to a charge of interest at the rate hereinabove set forth and for an additional charge of 8-1/2% penalty levied upon both principal and interest due upon such installment or installments. The collection of such delinquent installments shall be enforced in the manner provided by law. Section V. All of such assessments or installments thereof and interest and penalty, if any thereon, when collected by the Director of Finance shall be paid into the Local Improvement Fund, District No. 302, of the City of Renton as created by Ordinance No. 3202 and shall be used solely for the purpose of paying the principal and interest on the warrants and bonds drawn upon or issued against such fund. Section VI. This ordinance shall be effective upon its passage, approval and five days after its publication, unless otherwise provided for hereinabove. PASSED BY THE CITY COUNCIL this 3rd day of March, 1980. ei(I / y / DELORES A. MEA , C�Clerk APPROVED BY THE MAYOR this 3rd day of March, 1980 . • Lwpo CA-) Barbara Y. Shihpoch, Mayor Approved as to form: Lawrence J.--WL'r en, City , Attorney Date of Publication: March 7, 1980 -5-