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Home My WebLink About06/15/2011 - Minutes � i ` �• � � i Renton Library Advisory Board c��F�NTO" .....«..�......-�-""''''' `. '�� ( ` AUG 2 5 2011 r�,��'�� `�' crrY c�R�cs° o��c� Meeting Minutes Renton City Hall,Council Conference Roam, 7th Floor June 15,2011,5:30 p,m. I. CALL TO fJRDER Chair Laurie Beden called the rneeting to order at 5:44 p.m. in Attendance Members: Laurie Beden,Amy Pieper, Erica Richey,Catherine Ploue-Smith,Suzi Ure City of Renton Staff: Peter Renner, Marty Wine, Diane Wagner KCLS Staff: Angelina Benedetti li. APPRI�VAI UF AGENDA A motion was made by Amy Pieper, seconded by Erica Richey,ta approve the June agenda. All were in favar, motian carried, agenda appraved, Itl. APPRtJVA!t3F MtNUTES A motion was made by Suzi Ure, secanded by Erica Richey,to approve the May minutes. Afl were in favor, motion carried, minutes appraved. 1V. ORAL COMMUN1CATtt}NS/PUBLIC COMMENTS None. , V. COMMUNICA7IC}N Peter Renner,City of Renton Facilities Director,was on hand ta discuss praperty acquisition and the recent purchase af the Big 5 building. He mentioned the asbestos and lead paint testing were camplete and findings were nothing out of the ordinary. A meeting wit�the seismic engineer is scheduled. The managing engineer for this project is familiar with working with buildings over water. Todd Black, City of Renton Project Coardinator,will be in attendance to aid with permitting discussions as permits will be pursued for seismic work on the current Library building. An informal inspection of the piers shows they are in great shape. V!. CITY REPORT City Council Meeting,June 20, 2011: Marty Wine advised the Library Bond tssue and Interlocal Agreement with KCLS will be discussed at the Council Committee of a Whoie meeting on Nlonday,June 20, 2011. Alex Pietsch,City of Renton Ecanomic Devefopment Administrator,will be leading a presentation titled, "The Next Chapter, Building new KCLS tibraries in Renton Thrnugh a new Interlacal Agreement°. H:\1Boards and Commiss'sans�Library Board�2Q11�2411 Minutes�lune 2011 . � � � I ' i i City of Renton i Library Board Minutes i lune 15,2011 Page 2 of 3 VII. KCLS REPClRTIANGELINA BENEDETTt Angeiina Benedetti discussed KC�S receipt of the Library af the Year award and an upcoming article in the Library Jaurnaf. 5he said that all libraries were well represented in the articie. The 2011 Library of the Year Award will be formally bestawed at the American �ibrary Assaciation Annual Conference on lune 26, 2011. Summer�utreach was anather tapic discussed by Angelina. She said the book mobile,the Library to 6a� Vehide,was at the recent ftenton Technical College {R7C) Community Festival and wi11 be at several other lacal events this summer such as neighbonc��ad picnics, Return to Rentan Car Show, and 1KEA Renton River Rays. The event at the RTC was very successfu(with over 150 visitors to the library to Go! Vehicle and 27 new library card applicatians were received. She also mentianed the technical vehicle will be at the IKEA Renton River Days parade. The 5,000 square foot renovation is an schedule for 2Q12 at the Fairwaod Library. Schacht/Asiani Architects was selected as the architect far the project. They were the architects on the Auburn Library renovatian project. �nce renovations begin,the Library will be closed far a minimum af one year,depending on permitting. ftenovation goals include noise baffiing, mare meeting raam space, automated material handling integration, etc, The renovation discussion braught up the topic of the Renton site selection and the Board discussed the different possibilities of locations, amenities, buildings,spaces available,the recent Mithun study,faot traffic,growth passibilities, and service areas. Vltl. DISCUSSfONlQCTION ITEMS Angelina Benedetti discussed the lntellectual Freedorn handaut distributed at the (ast meeting. Angeiina said this is a great example of the benchmark values of KCLS. The ciocument describes the right of every individual to both seek and receive information far a!I points of view withaut restriction,the basis af the demacratic system,the freedom of the mind to be open and explore. Angelina summarized the publication and the po{icies and compliances, care principals, interpretations, challenges, and processes. She also talked about the American library Association �ibrary Bill af Rights,the selections of material, accessibility, patron privacy procedures, and fibrary records. IX. O!D SUStNESS Elections for the Vice Chair positian�vi{I take place at the next meeting. X. NEW SU5INESS Due to scheduling conflicts and IKEA Rentan River Days,the luly meeting has been moved ta July 27. XI. INFORMATION None. � N:�\Boards and Commisslons\Library Board�2011\2011 MinutesUune 2011 . � ' � � City af Renton Library Soard Minutes June 15,2011 Page 3 of 3 XI1. ADJOURNMENT � R motion was made by Amy Pieper, seconded by Suzi Ure,ta adjourn the June meeting. AI! were in favar, motion carried,the meeting adjourned at 7:10 p.m. , �� Signature , ' NEXT REGUl.AR MEETINGS lULY MEETNG wednesday,luty z7,2a11,s.3o p.m. Rentan City Nall, Council Conference Room, 7th Floor Telephone 425.430.6574 �� AUGUST MEETNG I Wednesday,August 17,2011,5:30 p.m. i Renton City Hall,Counci)Conference Room, 7th floor TPlephone 425.430.65�4 I ( ti:\�Boards and Commiss3ons\Library Board�201112011 Minutes�lune 2011 � ( t I . � * - � � CITY OF RENTON,WASHINGTON RESQLUTION N0. � A RESOLUTION OF THE CITY OF RENTON,,WASHINGTON, AUTHORIZING THE MAYOR AND CITY CLERK TO ENTER INTO AN INTERLOCAL AGREEMENT WITH THE KING COUNTY LlBRARY SYSTEM RELATED TO CONSTRUCTION OF TWO KING COUNTY LIBRARY SYS7EM LIBRARIES IN THE CITY OF RENTON. . WHEREAS, the City and the King County Library System ("KCLS") are authorized, pursuant to RCW Chapter 39.34, to enter. into an interlocal government cooperative agreement; and WHEREAS, the citizens of the City approved annexation into the KCLS on February 9, 2010; and . WHEREAS, the City and KCLS have discussed and agreed that the City will provide land and funding for, and KCLS should maintain and operate, two new library facilities in the City of Renton for the benefit of the citizens of Renton and the surrounding communities (collectively , referred to herein as the "Project"); and WHEREAS, the City and KCLS contemplate that the Project will include one new library designed, constructed, staffed and maintained in downtown Renton and another designed, constructed,staffed and maintained in the Sunset area of Renton; and WHEREAS, the Project is contingent on the City acquiring title to the properties upon which the libraries are to be constructed and associated rights-of-way, easements, and or covenants as may be required; and WHEREAS, the Project also requires that KCLS manage and oversee the design and construction of both libraries and also operate and maintain the libraries; 10a. - Interlocal agreement with King County Librar�System (KCLS) related to construction of two KCLS libraries in Renton (See 9.a.) Page 18 of 55 � , � � _. - ----- � � RESOI.UTION NO. NC1W, THEREFORE, THE CITY COUNCIL OF THE CITY OF RENTON, WASHINGTON, DOES RESOLVE AS FOLLOWS: SEGTION I. 7he above recitals are found to be true and correct in all respects. SECTION 11. The Mayor and City Clerk are hereby autharized to enter into an interlocal agreement with KCLS related ta construction of twa KCLS libraries in the City of . Ren#on. PASSED BY THE CITY COUNCIL this day of 2011. Bonnie !.Waiton,City Clerk APPROVED BY THE MAYOR this day of 2011, I � Denis Law, Mayor II � Approved as tn form: I � � Lawrence J.Warren,City Attorney RES.1502:4/27/11:scr 10a. - lnterlocal agreement with King County Librar�System (KCLS� related to construction of twa KCLS libraries in Renton(See 9.a.) Page 19 of 55 . � ... ...._. , . � � �st � ��q/a p�1 CITY OF RENTON, WASHINGTON LIMITED TAX GENERAL OBLIGATION BONDS,SERIES 2011A ORDINANCE NO. AN ORDINANCE OF THE CITY OF RENTON, WASHINGTON, ; PROVIDING FOR THE ISSUANCE OF LIMITED TAX GENERAL OBLIGATION BONDS OF THE CITY IN THE PRINCIPAL AMOUNT OF NOT TO EXCEED$18,000,000 TO FINANCE ALL OR A PORTION OF THE COSTS OF ACQUIRING LAND FOR AND CONSTRUCTING, IMPROVING AND EQUIPPING TWO NEW PUBLIC LIBRARY FACILITIES AND REPAIRING, RENOVATING AND IMPROVING EXISTING LIBRARY FACILITIES; PROVIDING THE FORM AND TERMS OF THE BONDS; AND DELEGATING THE AUTHORITY TO , APPROVE THE FINAL TERMS OF THE BONDS. I PASSED: ��JUNE 2�0, 2011 PREPARED BY: Pa,ciFica Law GRoua LLP Seattle,Washington 10a. - Libraries development limited tax general obligation (LTGO) bonds (1st reading 5/9/2011) Page 20 of 55 ' � ` '. CITY OF RENTON ORDINANCE NO. � TABLE OF CONTENTS* Pa�e , Section 1. Definitions and Interpretation of Terms.................................................................2 ; Section 2. Authorization ofthe Projects ••••••••••.•••7 � .................................................................... � Section 3. Authorization of Bonds and Bond Details...............................................................7 Section 4. Registration, Exchange and Payments ..•••••8 ' ............................................................. � � Section 5. Redemption Priorto�Maturity and Purchase of Bonds.........................................13 �� Section 6. Form of Bonds........................................................................................................17 � I � Section 7. Execution of Bonds................................................................................................19 � I Section 8. Application of Bond Proceeds � ...............................................................................20 � Section 9. � Tax Covenants ' ........................................................................................................21 Section 10. Bond Fund and Provision for Tax Levy Payments .................................................23 �� Section 11. Defeasance............... � ..............................................................................................24 Section12. Sale of Bonds..........................................................................................................25 Section13. Bond Insurance......................................................................................................27 � ISection 14. Undertaking to Provide Ongoing Disclosure...........................................:.........28� Section 15. Lost,Stolen or Destroyed Bonds..........................................................................32 ISection 16. Severability; Ratification....................................................................................33� 5ection 17. Effective Date of Ordinance..................................................................................33 *This Table of Contents is provided for convenience only and is not a part of this ordinance. 06116/11 10a. - Libraries development limited tax general obl�gation (LTGO} bonds (1st reading 5/9/2011) Page 21 of 55 r � � . . : �. ; . � � CITY OF RENTON,WASHINGTON ORDINANCE NO. � AN ORDINANCE OF THE CITY OF REN70N, WASHINGTON, PROVIDING FOR THE ISSUANCE OF LIMlTED TAX GENERAL OBLIGATION BONDS OF THE CITY IN THE PRINCIPAL AMOUNT OF NOT TO EXCEED$18,000,000 TO FINANCE ALL OR A PORTION OF THE COSTS OF ACQUIRING. LAND FOR AND CONSTRUCTING, IMPROVING AND EQUIPPING TWO NEW PUBLIC . LIBRARY FACILITIES AND REPAIRING, RENOVATING AND IMPROVING EXISTING LIBRARY FACILITIES; PROVIDING THE FORM AND TERMS OF THE BONDS; AND DELEGATING THE AUTHORITY TO APPROVE THE FINAL TERMS OF THE BONDS. WHEREAS, pursuant to Ordinance No. 5479 of the City Council (the "Council") of the City of Renton, Washington (the "City"), adopted on August 3, 2009, the City stated its intent � to join the King County Library System ("KCLS") and called for an election to.be held within the City on February 9, 2010; and WHEREAS, the number and proportion of the qualified electors required by law for the adoption thereof voted in favor of a proposition authorizing the annexation of the City into the � KCLS; and WHEREAS, pursuant to the terms of an Interlocal Agreement between the City and KCLS, the City has agreed to acquire land, finance costs related to the construction of two pu6lic library facilities, and lease the land to KCLS, and KCLS has agreed to own, operate and maintain the public library facilities under the terms of a long-term lease agreement; and WHEREAS,the City desires to repair, renovate and improve existing library facilities for other public uses;and WHEREAS, it is hereby found to be in the best interest of the City to provide financing for all or a portion of the costs of acquiring land for and constructing, improving and equipping 10a. - Libraries.development limited tax general obligation (LTGO) bonds (1st reading 5/9/2011) Page 22 of 55 � � ORDINANCE NO. two new public library facilities and to use the remaining funds, if available, for repairing, renovating and improving existing libraries for other public uses (the "Projects"); and WHEREAS, the City is authorized by chapters 35A.40 and 39.46 RCW to borrow money and issue general obligation bonds to finance the costs of the Projects; and WNEREAS,the City now desires to construct the Projects and issue and sell such Limited Tax General Obligation Bonds by negotiated sale to Seattle-Northwest Securities Corporation, Seattle, Washington in the principal amount of not to exceed $18,000,000 (the "Bonds") to finance costs of the Projects; NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF RENTON, WASHINGTON DOES ORDAIN AS FOLLOWS: Section 1. Definitions and Interpretation of Terms. (a) Definitions. As used in this ordinance, the following words shall have the following meanings: Beneficial Owner means any person that has or shares the power, directly or indirectly to make investment decisions concerning ownership of any Bonds (including persons holding Bonds through nominees,depositories or other intermediaries). Bond Fund means the "City of Renton Limited Tax General Obligation Bond Debt Service Fund, 2011" authorized to be created pursuant to Section 10 of this ordinance. Bond Insurance Policy means the municipal bond insurance policy, if any, issued by the Insurer insuring the payment when due of the principal of and interest on the Bonds as provided therein. osnw„ 10a. - Libraries development limited tax general ob igation (LTGO) bonds (1st reading 5/9/2011) Page 23 of 55 � � ORDINANCE NO. Bond Purchase eontract means the contract for the purchase of the Bonds between the Underwriter and City, executed pursuant to Section 12 of this ordinance. Bond Register means the registration books showing the name, address and tax identification number of each Registered Owner of the Bonds, maintained pursuant to Section 149(a)of the Code. eond Registrar means, initially, the fiscal agency of the State of Washington, for the ' purposes of registering and authenticating the Bonds, maintaining the Bond Register, effecting transfer of ownership of the Bonds and paying interest on and principal of the Bonds. Bond Year means each one-year period that ends on the date selected by the City. The first and last Bond Years may be short periods. If no day is selected by the City before the earlier of the final maturity date of the Bonds or the date that is five years after the date of issuance of the Bonds, Bond Years end on each anniversary of the date of issue and on the final maturity date of the Bonds. Bonds mean the City of Renton, Washington Limited Tax General Obligation Bonds, Series 2011A issued pursuant to this ordinance. City means the City of Renton, Washington, a municipal corporation duly organized and existing by virtue of the laws of the State of Washington. Code means the Internal Revenue Code of 1986, as amended, and shall include all applicable regulations and rulings relating thereto. Commission means the Securities and Exchange Commission. Council means the City Council as the general legislative authority of the City, as the same shall be duly and regularly constituted from time to time. . . . . - - o��,�„ 10a. - Libraries develo ment limited tax eneral ob�igation (LTGO) p g bonds (1st reading 5/9/2011) Page 24 of 55 � ,. , � � ORDINANCE NO. Designated Representative means the Mayor, the Chief Administrative Officer, or the Finance Director of the City, or any successor to the functions of such office. DTC means The Depository Trust Company, New York, New York, a limited purpose trust company organized under the laws of the State of New York, as depository for the Bonds pursuant to Section 4 of this ordinance. Federal Tax Certificate means the certificate executed by the- Designated Representative setting forth the requirements of the Code for maintaining the tax exemption of interest on the bonds. Finance Director shall mean the City's Finance and Information Services Administrator or the successor to such officer. ' Government Obligations mean those obligations now or hereafter defined as such in chapter 39.53 RCW. � Insurer means the municipal bond insurance company, if any, selected and designated by the Designated Representative, pursuant to Section 13 of this ordinance, or any successor thereto or assignee thereof, as issuer of a Bond Insurance Policy for all or a portion of the Bonds. Letter of Representations means the blanket issuer letter of representations from the City to DTC. MSRB means the Municipal Securities Rulemaking Board or any successors to its ' functions. 10a. - Libraries development limited tax general ob4ligation (LTGO) 0616"' bonds (1st reading 5/9/2011) Page 25 of 55 . � . � ORDINANCE N0. Net Proceeds, when used with reference to the Bonds, mean the principal amount of ' the Bonds, p{us accrued interest and original issue premium, if any, and less original issue discount,if any. Private Person means any natural person engaged in a trade or business or any trust, estate, partnership, association,company or corporation. Private Person Use means the use of property in a trade or business by a Private Person if such use is other than as a member of the general public. Private Person Use includes ownership of the property by the Private Person as well as other arrangements that transfer to ' the Private Person the actual or beneficial use of the property{such as a lease, management or ' incentive payment contract or other special arrangernent) in such a manner as to set the ' Private Person apart from the general public. Use of property as a member of the general ; public includes attendance by the Private Person at municipal meetings or business rental of property to the Private Person on a day-to-day basis if the rental paid by such Private Person is the same as the rental paid by any Private Person who desires to rent the property. Use of property by nonprofit community groups or community recreational groups is not treated as overnmental uses of ro ert the ro ert Private Person Use if such use is incidental to the g p p y, p p Y is made available for such use by all such community groups on an equal basis and such char ed onl a de minimis fee to cover custodial expenses. communit groups are g y Y Project Fund means the "Library Construction Fund" as described in Section 8 of this ordinance. Projects mean the capital projects described in Section 2 of this ordinance. os„sn, 10a. - Libraries development limited tax general ob igation (LTGO) bonds (1st reading 5/9/2011) Page 26 of 55 , _ � . ORDINANCE NO. Registered Owner means the person named as the registered owner of a Bond in the Bond Register. For so long as the Bonds are held in book-entry onfy form, DTC shail be deemed to be the sole Registered Owner. Rule means the Commission's Rule 15c2-12 under the Securities Exchange Act of 1934, . as the same may be amended from time to time. Underwriter means Seattle-Northwest Securities Corporation,Seattle, Washington. (b) Interpretation. In this ordinance, unless the context otherwise requires: (1) The terms "hereby," "hereof," "hereto," "herein," "hereunder" and any similar terms, as used in this ordinance, refer to this ordinance as a whole and not to any particular article, section, subdivision or clause hereof, and the term "hereafter' shall mean after, and tfie term "heretofore"shall mean before,the date of this ordinance; (2) Words of the masculine gender shal) mean and include correlative words Iof the feminine and ��neutral genders and words importing the singular number shall mean and include the plural number and vice versa; (3) Words importing persons shall include firms, associations, partnerships (including (imited partnerships), trusts, corporations and other legal entities, including public bodies,as well as natural persons; (4) Any headings preceding the text of the several articles and sections of this ordinance,and anytable of contents or marginal notes appended to copies hereof, shall be � solely for convenience of reference and shall not constitute a part of this ordinance, nor shall they affect its meaning,construction or effect; and D6/16/11 10a. - Libraries development limited tax general ob gation (LTGO) bonds (1st reading 5/9/2011) Page 27 of 55 � ' , • . ORDINANCE N0. (5) All references herein to "articles," "sections" and other subdivisions or clauses are to the corresponding articles, sections, subdivisions or clauses hereof. Section 2. Authorization of the Proiects. The Bonds are being issued to finance all or a portion of the costs of acquiring land for and constructing, improving and equipping two � inew public library facilities and to use the remainin� funds, if available, for repairing, � renoyating and improving existing libraries for other public uses (together,the "Projects'). Any remaining costs of the Projects shall be paid from other City funds legally available for such • purposes. If the Council shall determine that it has become impractical to undertake or complete any portion of the Projects by reason of changed conditions, the City shall not be required to undertake or complete such portions of the Project. If the Projects have been completed or duly provided for, ar found to be impractical, the Council may apply the Bond proceeds or any portion thereof to the redemption of the Bonds or to other capital purposes as the Council, in , its discretion,shall determine. Section 3. Authorization of Bonds and Bond Details. For the purpose of paying the costs of the Projects and paying costs of issuance of the Bonds, including, but not limited to, the payment of the premium cost for a Bond Insurance Policy, if any, the City shall issue and sell its (imited tax general obligation bonds in the aggregate principal amount of not to exceed $18,00O,OOd(the "Bonds"). The Bonds shall be general obligations of the City, shall be designated "City of Renton, Washington, Limited Tax General Obligation Bonds, Series 2011A"; shall be dated as of their date of delivery; shall be fully registered as to both principal arid interest; shall be in the 10a. - Libraries development limited tax general o6�igation (LTGO) 06/16/11 bonds (1st reading 5/9/2011) Page 28 of 55 r - i ORDINANCE N0. denomination of $5,000 each, or any integral multiple thereof, provided that no Bond shall represent more than one maturity; shall be numbered separately in such manner and with any additional designation as the Bond Registrar deems necessary for purposes of identification; and shall bear interest from their date payable on the first days of each June and December, commencing on December 1, 2011, at rates set forth in the Bond Purchase Contract; and shall mature on the dates and in the principal amounts set forth in the Bond Purchase Contract and as approved by the Designated Representative pursuant to Section 12. The Bonds of any of the ' . maturities may be combined and issued as term bonds, subject to mandatory redemption as provided in the Bond Purchase Contract. Section 4. Re�istration, Exchan�e and Pavments. (a) Bond Registrar/Bond Register. The City hereby specifies and adopts the system of registration approved by the Washington State Finance Committee from time to time through the appointment of state fiscal agencies. The City shall cause a bond register to be maintained by the Bond Registrar. So long as any Bonds remain outstanding, the Bond Registrar shall make all necessary provisions to permit the exchange or registration or transfer of Bonds at its principal corporate trust office. Th�Bond Registrar may be removed at any time at the option of the Finance Director upon prior notice to the Bond Registrar and a successor Bond Registrar appointed by the Finance Director. No resignation or remova{ of the Bond Registrar shall be effective until a successor shall have been appointed and until the successor Bond Registrar shall have accepted the duties of the Bond Registrar hereunder. The Bond Registrar is authorized, on behalf of the City, to authenticate and deliver Bonds transferred or : exchanged in accordance with the provisions of such Bonds and this ordinance and to carry aut 10a. - Libraries development limited tax general o6�igation (LTGO) 06"6"' bonds (1st reading 5/9/2011) Page 29 of 55 • �. . . ORDINANCE N0. all of the Bond Registrar's powers and duties under this ordinance. The Bond Registrar shall be � I responsible for its representations contained in the Certificate of Authentication of the Bonds. (b) Registered Ownership. The City and the Bond Registrar, each in its discretion, may deem and treat the Registered Owner of each Bond as the absolute owner thereof for all � purposes (except as provided in Section 14 of this ordinance), and neither the City nor the i Bond Registrar shall be affected by any notice to the contrary. Payment of any such Bond shall be made only as described in Section 4(h) hereof, but such Bond may be transferred as herein provided. All such payments made as described in Section 4(h) shall be valid and shall satisfy and discharge the liability of the City upon such Bond to the extent of the amount or amounts so paid. (c) DTCAcceptance/Letters of Representations. The Bonds initially shall be held in fully immobilized form by DTC acting as depository. To induce DTC to accept the Bonds as eligible for deposit at DTC,the City has executed and delivered to DTC a Blanket Issuer Letter of Representations. Neither the City nor the Bond Registrar will have any responsibility or obligation to DTC participants ar the persons for whom they act as nominees (or any successor ' depository) with respect to the Bonds in respect of the accuracy of any records maintained by DTC (or any successor depository) or any DTC participant, the payment by DTC (or any successor depository) or any DTC participant of any amount in respect of the principal of or interest on Bonds, any notice which is permitted or required to be given to Registered Owners under this ordinance (except such notices as shall be required to be given by the City to the Bond Registrar or to DTC (or any successor depository)), or any consent given or other action taken by DTC (or any successor depository) as the Registered Owner. For so long as any Bonds -9- osns�t� 10a. - Libraries development limited tax general obligation (LTGO) bonds (1st reading 5/9/2011) . Page 30 of 55 � • ORDINANCE NO. are held in fully-immobilized form hereunder, DTC or its successor depository shall be deemed to be the Registered Owner for all purposes hereunder, and all references hereiFl to the Registered Owners shall mean DTC (or any successor depository) or its nominee and shall not mean the owners of any beneficial interest in such Bonds. If any Bond shali be duly presented for payment and funds have not been duly provided by the City on such applicable date, then interest shall continue to accrue thereafter on the unpaid principal thereof at the rate stated on such Bond until it is paid. (d) Use of Depository. (1) The Bonds shall be registered initially in the name of "Cede& Co.", as nominee of DTC, with one Bond maturing on each of the maturity dates for the Bonds in a denomination corresponding to the total principal therein designated to mature on such date. Registered ownership of such imrnobilized Bonds, or any portions thereof, may not thereafter be transferred except (A)to any successor of DTC or its. nominee, provided that any such successor shall be qualified under any applicable laws to provide the service proposed to be . provided by it; (B)to any substitute depository appointed by the Finance Director pursuant to subsection {2) below or such substitute depositor�/s successor; or(C)to any person as provided in subsection (4) below. (2) Upon the resignation of DTC or its successor (or any substitute depository or its successor) from its functions as depository or a determination by the Finance Director to discontinue the system of book entry transfers through DTC or its successor (or any � substitute depository or its successor), the Finance Director may hereafter appoint a substitute 10a. - Libraries development limited tax general o��gation (LTGO) °G"�"' bonds (1st reading 5/9/2011) . Page 31 of 55 ` � � ORDINANCE NO. depository. Any such substitute depository shall be qualified under any applicable laws to provide the services proposed to be provided by it. (3) In the case of any transfer pursuant to clause (A) or (B) of subsection (1) above, the Bond Registrar shall, upon receipt of all outstanding Bonds,together with a written request on behalf of the Finance Director, issue a single new Bond for each maturity then outstanding, registered in the name of such successor or such substitute depository, or their nominees, as the case may be, all as specified in such written request of the Finance Director. (4) In the event th�at (A) DTC or its successor (or substitute depository or its successor) resigns from its functions as depository, and no substitute depository can be obtained, or (B)the Finance Director determines that it is in the best interest of the beneficial owners of the Bonds that such owners be able to obtain such bonds in the form of Bond certificates, the ownership of such Bonds may then be transferred to any person or entity as , herein provided, and shall no longer be held in fully-immobilized form. The Finance Director shall deliver a written request to the Bond Registrar,together with a supply of definitive Bonds, to issue Bonds as herein provided in any authorized denomination. Upon receipt by the Bond Registrar of all then outstanding Bonds together with a written request on behalf of the Finance Director to the Bond Registrar, new Bonds shall be issued in the appropriate denominations and registered in the names of such persons as are requested in such written req uest. � (e) Registration of Transfer of Ownership or Exchange; Change in Denominations. The transfer of any Bond may be registered and Bonds may be exchanged, but no transfer of any such Bond shall be valid unless it is surrendered to the Bond Registrar with the assignment 10a. - Libraries development limited tax general ob�ligation (LTGO) osnsn, bonds (1st reading 5/9/2011) Page 32 of 55 � + ORDINANCE NO. form appearing on such Bond duly executed by the Registered Owner or such Registered Owner's duly authorized agent in a manner satisfactory to the Bond Registrar. Upon such surrender, the Bond Registrar shall cancel the surrendered Bond and shafl authenticate and deliver, without charge to the Registered Owner or transferee therefor, a new Bond (or Bonds at the option of the new Registered Owner) of the same date, maturity and interest rate and for the same aggregate principal amount in any authorized denomination, naming as Registered Owner the person or persons listed as the assignee on the assignment form appearing on the surrendered Bond, in exchange for such surrendered and cancelled Bond. Any Bond may be surrendered to the Bond Registrar and exchanged, without charge, for an equal aggregate principal amount of Bonds of the same date, maturity and interest rate, in any authorized denomination. The Bond Registrar shall not be obligated to register the transfer or to exchange any Bond during the 15 days preceding any interest payment or principal payment date any such Bond is to be redeemed. (fl Bond Registrar's Ownership of Bonds. The Bond Registrar may become the Registered Owner of any Bond with the same rights it would have if it were not the Bond Registrar, and to the extent permitted by law, may act as depository for and permit any of its officers or directors to act as a member of, or in any other capacity with respect to, any • committee,formed to protect the right of#he Registered Owners of Bonds. (g) Registration Covenant. The City covenants that, until all Bonds have been surrendered and canceled, it will maintain a system for recording the ownership of each Bond that complies with the provisions of Section 149 of the Code. os�,sn, 10a. - Libraries development limited tax general o igation (LTGO) bonds (1st reading 5/9/2011) Page 33 of 55 . � . ORDINANCE NO. (h) Place and Medium of Payment. Both principal of and interest on the Bonds shall be payable in lawful money of the United States of America. Interest on the Bonds shall be ' calculated on the basis of a year of 350 days and twelve 30-day months. For so long as all Bonds are in fully immobilized form, payments of principal and interest thereon shall be made as provided in accordance with the operational arrangements of DTC referred to in the Letter of Representations. In the event that the Bonds are no longer in fully immobilized form, interest on the Bonds shall be paid by check or draft mailed to the Registered Owners at the addresses for such Registered Owners appearing on the Bond Register on the fifteenth day of the month preceding the interest payment date, or upon the written request of a Registered Owner of more than $1,000,000 of Bonds (received by the Bond Registrar at least 15 days prior � to the applicable payment date), such payment shall be made by the Bond Registrar by wire transfer to the account within the United States designated by the Registered Owner. Principal of the Bonds shall be payable upon presentation and surrender of such Bonds by the Registered Owners at the principal office of the Bond Registrar. ' Section 5. Redemption Prior to Maturitv and Purchase of Bonds. � (a) Mandatory Redemption of Term Bonds and Optional Redemption, if any. The Bonds shall be subject to optional redemption on the dates, at the prices and under the terms set forth in the Bond Purchase Contract approved by the Designated Representative pursuant to Section 12 of this ordinance. The Bonds shall be subject to mandatory redemption to the extent, if any, set forth in the Bond Purchase Contract and as approved by the Designated Representative pursuant to Section 12 of this ordinance. -13- osi,s�„ 10a. - Libraries development limited tax general obligation (LTGO) bonds 1st readin 5 9 2011 Page 34 of 55 � b / / ) . , � • . ORDINANCE NO. (b} Purchase of Bonds. The City reserves the right to purchase any of the Bonds offered to it at any time at a price deemed reasonable by the Designated Representative. (c) Selection of Bonds for Redemption. For as long as the Bonds are held in book-entry only form,the selection of particular Bonds within a maturity to be redeemed shall be made in accordance with the operational arrangements then in effect at DTC. If the Bonds are no longer held in uncertificated form, the selection of such Bonds to be redeemed and the surrender and reissuance thereof, as applicable, shall be made as provided in the following , provisions of this subsection (c). If the City redeems at any one time fewer than all of the Bonds having the same maturity date, the particular Bonds or portions of Bonds of such maturity to be redeemed shall be selected by lot (or in such manner determined by the Bond Registrar) in increments of $5,000. In the case of a Bond of a denomination greater than $5,000, the City and the Bond Registrar shall treat each Bond as representing such number of separate Bonds each of the denomination of $5,000 as is obtained by dividing the actual � principal amount of such Bond by$5,000. In the event that only a portion of the principaf sum of a Bond is redeemed, upon surrender of such Bond at the principal office of the Bond Registrar there shall be issued to the Registered Owner, without charge therefor, for the then unredeemed balance of the principal sum thereof, at the option of the Registered Owner, a Bond or Bonds of like maturity and interest rate in any of the denominations herein authorized. (d) Notice of Redemption. (1) Official Notice. For so long as the Bonds are held in untertificated form, notice of redemption (which notice may be conditional) shall be given in accordance with the 10a. - Libraries development limited tax general o��igation (LTGO) 06"�"' bonds (1st reading 5/9/2011) Page 35 of 55 � • ORDINANCE NO. operational arrangements of DTC as then in effect, and neither the City nor the Bond Registrar will provide any notice of redemption to any Beneficial Owners. Thereafter (if the Bonds are no longer held in uncertificated form), notice of redemption shall be given in the manner hereinafter provided. Unless waived by any owner of Bonds to be redeemed, official notice of any such redemption (which redemption may be conditioned by the Bond Registrar on the receipt of sufficient funds for redemption or otherwise)shall be given by the Bond Registrar on behalf of the City by mailing a copy of an official redemption notice by first class mail at least 20 days and not more than 60 days prior to the date fixed for redemption to the Registered Owner of the Bond or Bonds to be redeemed at the address shown on the Register or at such other address as is furnished in writing by such Registered Owner to the Bond Registrar. All official notices of redemption shall be dated and shall state: (A) the redemption date, (B) the redemption price, (C) if fewer than all outstanding Bonds are to be redeemed, the identification by maturity (and, in the case of partial redemption, the respective principal amounts)of the Bonds to be redeemed, (D) that on the redemption date the redemption price will become � due and a able u on each such Bond or ortion thereof called for redem tion and that P Y P p P , interest thereon shall cease to accrue from and after said date, and � , {E) the place where such Bonds are to be surrendered for payment of the redemption price, which place of payment shall be the principal office of the Bond Registrar. . 10a. - Libraries development limited tax general ob�l5igation (LTGO) °�'�"' bonds (1st reading 5/9/2011) Page 36 of 55 ! � � ORDINANCE NO. On or prior to any redemption date, the City shall deposit with the Bond Registrar an amount of money sufficient to pay the redemption price of all the Bonds or portions of Bonds which are to be redeemed on that date. (2) . Effect of Notice; Bonds Due. If an unconditional notice of redemption . has been given as aforesaid, the Bonds or portions of Bonds so to be redeemed shall, on the redemption date, become due and payable at the redemption price therein specified, and from , and after such date such Bonds or portions of Bonds shall cease to bear interest. Upon � surrender of such Bonds for redemption in accordarice with said notice, such Bonds shall be paid by the Bond Registrar at the redemption price. Installments of interest due on or prior to the redemption date shall be payable as herein provided for payment of interest. All Bonds � which have been redeemed shall be canceled by the Bond Registrar and shall not be reissued. (3) Additional Notice. In addition to the foregoing notice, further notice shall be given by the City as set out below, but no defect in said further notice nor any failure to give all or any portion of such further notice shall in any manner defeat the effectiveness of a call for redemption if notice thereof is given as above prescribed. Each further notice of redemption given hereunder shall contain the information required above for an official notice of redemption plus (A)the CUSIP numbers of all Bonds being redeemed; (B)the date of issue of the Bonds as originally issued; (C)the rate of interest borne by each Bond being redeemed; (D)the maturity date of each Bond being redeemed; and (E) any other descriptive information needed to identify accurately the Bonds being redeemed. Each further notice of redemption may be sent at least 20 days before the redemption date to each party entitled to receive notice pursuant to 5ection 14 and to the Underwriter and with such additional information as 16 o�nsn, 10a. - Libraries development limited tax general obligation (LTGO� bonds (1st reading 5/9/2011) Page 37 of 55 i � . ORDINANCE N0. the City shall deem appropriate, but such mailings shall not be a condition precedent to the redemption of such Sonds. (4) Amendment of Notice Provisions. The foregoing notice provisions of this Section 5, including but not limited to the information to be included in redemption notices � and the persons designated to receive notices, may be amended by additions, deletions and changes in order to maintain compliance with duly promulgated regulations and recommendations regarding notices of redemption of municipal securities. Section b. Form of Bonds. The Bonds shall be in substantially the following form: [STATEMENT OF INSURANCEJ UNITED STATES OF AMERICA NO. $ STATE OF WASHINGTON � CITY OF RENTON ' LIMITED TAX GENERAL OBLIGATION BOND,SERIES 2011A . INTER.EST RATE: % MATURITY DATE: CUSIP NO.: . REGISTERED OWNER: CEDE&CO. PRINCIPAL AMOUN7: The City of Renton, Washington (the "City"), hereby acknowledges itself to owe and for value received promises to pay to the Registered Owner identified above,or registered assigns, on the Maturity Date identified above, the Principal Amount indicated above and to pay interest thereon from , 2011, or the most recent date to which interest has been paid or duly provided for until payment of this bond at the Interest Rate set forth above, . payable on December 1, 2011, and semiannually thereafter on the first days of each succeeding lune and December. Both principal of and interest on this bond are payable in lawful money of the United States of America. The fiscal agency of the State of Washington has been appointed by the City as the authenticating agent, paying agent and registrar for the bonds of this issue (the "Bond Registrar"). For so long as the bonds of this issue are held in fully immobilized form, payments of principat and interest thereon shall be made as provided -17- os�,s�„ 10a. - Libraries development limited tax general obligation (LTGO) bonds (1st reading 5/9/2011) Page 38 of 55 � , � ORDINANCE NO. in accordance with the operational arrangements of The Depository Trust Company ("DTC") referred to in the Blanket Issuer Letter of Representations (the "Letter of Representations") from the City to DTC. The bonds of this issue are issued under and in accordance with the provisions of the Constitution and applicable statutes of the State of Washington and Ordinance No. , I duly passed by the City Council on �1A,a�-�June 2�0, 2011 (the "Bond Ordinance"). Capitalized terms used in this bond have the meanings given such terms in the Bond Ordinance. This bond shall not be valid or become obligatory for any purpose or be entitled to any security or benefit under the Bond Ordinance until the Certificate of Authentication hereon shall have been manually signed by or on behalf of the Bond Registrar or its duly designated agent. This bond is one of an authorized issue of bonds of like date,tenor, rate of interest and date of maturity, except as to number and amount in the aggregate principal amount of $ and is issued pursuant to the Bond Ordinance to provide funds (a)to pay all or a portion of the cost of acquiring land for and constructing, improving and equipping two new public library facilities, and repairing, renovating and improving existing libraries for other public uses and (b)to pay costs of issuance. The bonds of this issue are subject to redemption as provided in the Bond Ordinance and the Bond Purchase Contract. The City hereby irrevocably covenants and agrees with the owner of this bond that it will include in its annual budget and levy taxes annually, within and as a part of the tax levy permitted to the City without a vote of the electorate, upon all the property subject to taxation � in amounts sufficient,together with other money legally available therefor,to pay the principal of and interest on this bond as the same shall become due. The full faith, credit and resources of the City are hereby irrevocably pledged for the annual levy and collection of such taxes and . the prompt payment of such principal and interest. The bonds of this issue have not been designated by the City as "qualified tax-exempt obligations"for investment by financial institutions under Section 265(b)of the Code. The pledge of tax levies for payment of principal of and interest on the bonds may be discharged prior to maturity of the bonds by making provision for the payment thereof on the terms and conditions set forth in the Bond Ordinance. It is hereby certified that all acts,conditions and things required by the Constitution and statutes of the State of Washington to exist, to have happened, been done and performed precedent to and in the issuance of this bond have happened, been done and performed and that the issuance of this bond and the bonds of this issue does not violate any constitutional, statutory or other limitation upon the amount of bonded indebtedness that the City may incur. 10a. - Libraries development limited tax general obfigation (LTGO) °6"6"' bonds (1st reading 5/9/2011) Page 39 of 55 . . -. , � • ORDINANCE NO. IN WITNESS WHEREOF, the City of Renton, Washington has caused this bond to be � executed by the manual or facsimile signatures of the Mayor and the City Clerk and the seal of the City imprinted, impressed or otherwise reproduced hereon as of this day of , 2011. [SEAL] CITY OF RENTON,WASHINGTON By /s/manual or facsimile Mayor ATTEST: /s/manual or facsimile City Clerk I The Bond Registrar's Certificate of Authentication on the Bonds shall be in substantially � the following form: � CERTIFICATE OF AUTHENTfCATION � i This bond is one of the bonds described in the within-mentioned Bond Ordinance and is one of the Limited Tax General Obligation Bonds, Series 2011A of the City of Renton, Washington,dated , 2011. ; WASHINGTON STATE FISCAL AGENCY, as ` � Bond Registrar ,i �y Section 7. Execution of Bonds. The Bonds shall be executed on behalf of the City with the manual or facsimile signatures of the Mayor and City Clerk of the City and the seal of the City shall be impressed, imprinted or otherwise reproduced thereon. � Only such Bonds as shall bear thereon a Certificate of Authentication in the form hereinbefore recited, manually executed by the Bond Registrar, shall be valid or obligatory for i any purpose or entitled to the benefits of this ordinance. Such Certificate of Authentication 10a. - Libraries development limited tax general o�ligation (LTGO) °�'�" bonds (1st reading 5/9/2011) Page 40 of 55 • � ORDINANCE N0. shall be conclusive evidence that the Bonds so authenticated have been duly executed, authenticated and delivered hereunder and are entitled to the benefits of this ordinance. In case either of the officers who shall have executed the Bonds shall cease to be an officer or officers of the City before the Bonds so signed shall have been authenticated or delivered by the Bond Registrar, or issued by the City, such Bonds may nevertheless be authenticated, delivered and issued and upon such authentication, delivery and issuance, shall be as binding upon the City as though those who signed the same had continued to be such officers of the City. Any Bond may be signed and attested on behalf of the City by such persons who at the date of the actual execution of such Bond, are the proper officers of the City, although at the original date of such Bond any such person shall not have been such officer of the City. ! Section 8. Application of Bond Proceeds. The City shall estabfish a fund designated the "Library Construction Fund" (the "Project Fund") into which the proceeds of the Bonds (other than accrued interest, if any) shall be deposited. Money in the Project Fund shall be used to pay the costs of the Projects and costs of issuance of the Bonds. The Finance Director � may invest money in the Project Fund in legaf investments for City funds. Earnings on such investments shall accrue to the benefit of the Project Fund. Any part of the proceeds of the Bonds remaining in the Project Fund after all costs of the Projects have been paid (including costs of issuance) may be used for capital purposes of the City in accordance with the Federal Tax Certificate or may be transferred to the Bond Fund, after consultation with bond counsel to the City. -ZO- osns�„ 10a. - Libraries development limited tax general obligation (L7G0) bonds (1st reading 5/9/2011) Page 41 of 55 • • , ORDINANCE N0. Section 9. Tax Covenants. The City covenants that it will not take or permit to be taken on its behalf any action that would adversely affect the exemption from federal income taxation of the interest on the Bonds and will take or require to be taken such acts as may reasonably be within its ability and as may from time to time be required under applicable law to continue the exemption from federal income taxation of the interest on the Bonds. (a) Arbitrage Covenant. Without limiting the generality of the foregoing, the City covenants that it will not take any action or fail to take any action with respect to the proceeds of the sale of the Bonds or any other funds of the City which may be deemed to be proceeds of the Bonds pursuant to Section 148 of the Code and the regulations promulgated thereunder which, if such use had been reasonably expected on the dates of delivery of the Bonds to the initial purchasers thereof, would have caused the Bonds to be treated as "arbitrage bonds" within the meaning of such term as used in Section 148 of the Code. � The City represents that it has not been notified of any listing or proposed listing by the Internal Revenue Service to the effect that it is an issuer whose arbitrage certifications may not be relied upon. The City will comply with the requirements of Section 148 of the Code and the , applicable regulations thereunder throughout the term of the Bonds. (b) Private Person Use Limitation for eonds. The City covenants that for as long as the Bonds are outstanding, it will not permit: (1} More than 10% of the Net Proceeds of the Bonds to be allocated to any Private Person Use;and (2) More than 10% of the principal or interest payments on the Bonds in a Bond Year to be directly or indirectly: (A) secured by any interest in property used or to be 2 os„s�„ 10a. - Libraries development limited tax general o6�gation (LTGO) bonds (1st reading 5/9/2011) Page 42 of 55 • . . -. . ORDINANCE N0. used for any Private Person Use or secured by payments in respect of property used or to be used for any Private Person Use, or (B) derived from payments (whether or not made to the City) in respect of property, or borrowed money, used or to be used for any Private Person Use. The City further covenants that, if: (3) More than five percent of the Net Proceeds of the Bonds are allocable to any Private Person Use; and (4) More than five percent of the principal or interest payments on the Bonds in a Bond Year are (under the terms of this ordinance or any underlying arrangement} directly or indirectly: (A) secured by any interest in property used or to be used for any ; Private Person Use or secured by payments in respect of property used or to be used for any Private Person Use, or (B) derived from payments (whether or not made to the City) in respect of property, or borrowed money, used or to be used for any Private Person Use, then, (i) any Private Person Use of the Projects described in subsection (3) hereof or Private Person Use payments described in subsection (4) hereof that is in excess of the five percent limitations descri6ed in such subsections(3) or (4) will be for a Private Person Use that is related to the � state or local governmental use of the Projects funded by the proceeds of the Bonds, and (ii) any Private Person Use will not exceed the amount of Net Proceeds of the Bonds allocable to the state or local governmental use portion of the Projects to which the Private Person Use of such portion of the Projects funded by the proceeds of the Bonds relate. The City further covenants that it will comply with any limitations on the use of the Projects funded by the -22- osnsn� 10a. - Libraries development limited tax general obligation (LTGO) bonds (1st reading 5/9/2011) Page 43 of 55 � . � _ i. ORDINANCE NO. . proceeds of the Bonds by other than state and local governmental users that are necessary, in the opinion of its bond counsel, to preserve the tax exemption of the interest on the Bonds. The covenants of this section are specified solely to assure the continued exemption from , �. regular income taxation of the interest on the Bonds. (c) Modification of Tax Covenants. The covenants of this section are specified solely ' to assure the continued exemption from regular income taxation of the interest on the Bonds. � To that end, the provisions of this section may be modified or eliminated without any I i requirement for formal amendment thereof upon receipt of an opinion of the City's bond � counsel that such modification or elimination will not adversely affect the tax exemption of interest on any Bonds. . � (d) No Designation under Section 265(b). The City has not designated the Bonds as "qualified tax-exempt obligations" under Section 265(b)(3) of the Code for investment by financial institutions. Section 10. Bond Fund and Provision for Tax Levv Payments. The City hereby authorizes the creation of a fund to be used for the payment of debt service on the Bonds, designated as the "City of Renton Limited Tax General Obligation Bond Debt Service Fund, 2011" (the "Bond Fund"). No later than the date each payment of principal of and/or interest on the Bonds becomes due and payable,the City shall transmit sufficient funds,from the Bond . Fund or from other legally available sources to the Bond Registrar for the payment of such principal and/or interest. Money in the Bond Fund not needed to pay the interest or principal next coming due may be invested in legal investments for City funds. -23- os��s�� 10a. - Libraries development limited tax general obligation (LTGO) ' bonds (1st reading S/9/2011) Page 44 of 55 , • � . ORDINANCE N0. , The City hereby irrevocably covenants and agrees for as long as any of the Bonds are outstanding and unpaid that each year it will include in its budget and levy an ad valorem tax upon all the property within the City subject to taxation in an amount that will be sufficient, together with all other revenues and money of the City legally available for such purposes, to pay the principal of and interest on the Bonds when due. The City hereby irrevocably pledges that the annual tax provided for herein to be levied for the payment of such principal and interest shall be within and as a part of the tax levy permitted to cities without a vote of the peaple, and that a sufficient portion of each annual levy to be levied and collected by the City prior to the full payment of the principal of and . interest on the Bonds will be and is hereby irrevocably set aside, pledged and appropriated for the payment of the principat of and interest on the Bonds. The full faith, credit and resources ' of the City are hereby irrevocably pledged for the annual levy and collection of said taxes and for the prompt payment of the principal of and interest on the Bonds when due. . Section 11. � Defeasance. In the event that the City, to effect the payment, retirement or redemption of any Bond, sets aside in the Bond Fund or in another special account, cash or noncallable Government Obligations, or any combination of cash and/or noncallable Government Obligations, in amounts and maturities which, together with the known earned income therefrom, are sufficient to redeem or pay and retire such Bond in accordance with its terms and to pay when due the interest and redemption premium, if any, thereon, and such cash and/or noncallable Government Obligations are irrevocably set aside . and pledged for such purpose,then no further payments need be made into the Bond Fund for the payment of the principal of and interest on such Bond. The owner of a Bond so provided 10a. - Libraries development limited tax general obligation (LTGO) �16/11 bonds (1st reading 5/9/2011) Page 45 of 55 � � , ORDINANCE NO. for shall cease to be entitled to any fien, benefit or security of this ordinance except the right to receive payment of principal, premium, if any, and interest from the Bond Fund or such special account, and such Bond shall be deemed to be not outstanding under this ordinance. The City shall give written notice of defeasance to the owners of all Bonds so provided for within 30 days of the defeasance and to each party entitled to receive notice in accordance with Section 14 of this ordinance. Section 12. Saie of Bonds. (a) Bond Sale. The Bonds shall be sold at negotiated sale to the Underwriter pursuant to the terms of the Bond Purchase Contract. The Underwriter has advised the Council that market conditions are fluctuating and, as a result, the most favorable market conditions may occur on a day other than a regular meeting date of the Council. The Council has determined that it would be in the best interest of the City to delegate to the Designated Representative for a limited time the authority to approve the final interest rates, aggregate principal amount, principal amounts of each maturity of the Bonds and redemption rights. The Designated Representati�e is hereby authorized to approve the final interest rates, aggregate principal amount, principal maturities and redemption rights for the Bonds in the manner � provided hereafter so long as (a)the aggregate principal amount of the Bonds does not exceed $18,000,000, (b) the final maturity date for the Bonds is no later than December 1, 2031, (c)the Bonds are sold (in the aggregate) at a price not less than 95% and not greater than 110%, and (d)the true interest cost for the Bonds(in the aggregate}does not exceed 4.00%. In determining whether or not to acquire a Bond Insurance�Policy and determining the final interest rates, aggregate principal amounts, principal maturities and redemption rights, os�,s�„ , 10a. - Libraries development limited tax general o igation (LTGO) bonds (1st reading 5/9/2011) Page 46 of 55 . � ` ORDINANCE NO. . the Designated Representative shall take into account those factors that, in his or her judgment, will result in the lowest true interest cost on the Bonds to their matu�ity, including, . but not limited to current financial market conditions and current interest rates for obligations comparable in tenor and quality to the Bonds. Subject to the terms and conditions set forth in this Section 12, the Designated Representative is hereby authorized to execute the Bond Purchase Contract. The signature of one of the listed Designated Representatives shall be � sufficient. Following the execution of the Bond Purchase Contract, the Designated Representative or the Finance Director shall provide a report to the Council, describing the final terms of the Bonds approved pursuant to the authority delegated in this section. The authority granted to the Designated Representative by this Section 12 shall expire 120 days ; after the effective date of this ordinance. If a Band Purchase Contract for the Bonds has not f been executed within 120 days after the effective date of this ordinance, the authorization for the issuance of the Bonds shall be rescinded, and the Bonds shall not be issued nor their sale approved unless such Bonds shall have been re-authorized by ordinance of the Council. The ordinance re-authorizing the issuance and sale of such Bonds may be in the form of a new ordinance repealing this ordinance in whole or in part or may be in the form of an amendatory ' ordinance approving a bond purchase contract or establishing terms and conditions for the authority delegated under this Section 12. (b) Delivery of Bonds; Documentation. Upon the passage and approval of this ordinance, the proper officials of the City including the Designated Representative, are authorized anc! directed to undertake al( action necessary for the prompt execution and delivery of the Bonds to the Underwriter thereof and further to execute all closing certificates 10a. - Libraries development limited tax general o�iigation (LTGO) °�16"' bonds (1st reading 5/9/2011) Page 47 of 55 . . • , ORDINANCE NO. � and documents required to effect the ciosing and delivery of the Bonds in accordance with the terms of the Bond Purchase Contract. (c) Preliminary and Final Official Statements. The Finance Director is her�by authorized to ratify and to deem final the preliminary Official Statement relating to the Bonds for the purposes of the Rule. The Finance Director is further authorized to ratify and to approve for purposes of the Rule, on behalf of the City,�the Official Statement relating to the issuance and sale of the Bonds and the distribution of the Official Statement pursuant thereto with such changes, if any, as may be deemed by her to be appropriate. Section 13. Bond Insurance. The Finance Director is hereby further authorized to so(icit proposals from municipal bond insurance companies for the issuance of a Bond Insurance Policy. In the event that the Finance Director receives multiple proposals, the Finance Director may select the proposal having the lowest cost and resulting in an overall lower interest cost with respect to the Bonds. The Finance Director may execute a commitment received.from the Insurer selected by the Finance Director. The Council further authorizes and directs all proper officers, agents, attorneys and employees of the City to cooperate with the Insurer in preparing such additional agreements, certificates, and other documentation on behalf of the City as shall be necessary or advisable in providing for the Bond Insurance Policy. Section 14. Undertakin�to Provide On�oin�Disclosure. (a) Contract/Undertaking. This section constitutes the City's written undertaking for the benefit of the owners, including Beneficial Owners, of the Bonds as required by Section (b)(5)of the Rule. - li i n LTGO �"�" � 10a. Libraries development limited tax general o� gat o ( ) bonds (1st reading 5/9/2011) Page 48 of 55 . . • • ORDINANCE NO. (b) Finoncio!Statements/Operating Data. The City agrees to provide or cause to be � provided to the Municipal Securities Rulemaking Board ("MSRB"), the following annual financial information and operating data for the prior fiscal year (commencing in 2011 for the fiscal year ended December 31, 2010): 1. Annual financial statements, which statements may or may not be audited, showing ending fund balances for the City's general fund prepared in accordance with ' the Budgeting Accounting and Reporting System.prescribed by the Washington State Auditor � pursuant to RCW 43.09.200 (or any successor statute)and generally of the type included in the official statement for the Bonds under the heading "General Fund Comparative Statement of Revenues, Expenditures and Changes in Fund Balance"; 2. The assessed valuation of taxable property in the City; 3. Ad valorem taxes due and percentage of taxes collected; ' 4. Property tax levy rate per$1,000 of assessed valuation; and 5. Outstanding general obligation debt of the City. � Items 2-5 shall be required only to the extent that such information is not included in the annual financial statements. The information and data described above shall be provided on or before nine months after the end of the City's fiscal year. The City's current fiscal year ends December 31. The City may adjust such fiscal year by providing written notice of the change of fiscal year to the MSRB. In lieu of providing such annual financial information and operating data, the City may cross-reference to other documents available to the public on the MSRB's internet website or filed with the Commission. � 10a. - Libraries development limited tax general obligation (LTGO) 06/16/11 bonds (1st reading 5/9/2011) Page 49 of 55 . � ORDINANCE NO. if not provided as part of the annual financial information discussed above, the City shall provide the City's audited annual financial statement prepared in accordance with the Budgeting Accounting and Reporting System prescribed by the Washington State Auditor ; pursuant to RCW 43.09.200(or any successor statute}when and if available to the MSRB. (c) Listed Events. The City agrees to provide or cause to be provided to the MSRB, in a timely manner not in excess of ten business days after the occurrence of the event, notice of the occurrence of any of the following events with respect to the Bonds: � i i 1. Principal and interest payment delinquencies; 2. Non-payment related defaults, if material; . 3. Unscheduled draws on debt service reserves reflecting financial , difficulties; � 4. Unscheduled draws on credit enhancements reflecting financial difficulties; 5. Substitution of credit or liquidity providers,or their failure to perform; 6. Adverse tax opinions, the issuance by the Internal Revenue Service of proposed or final determinations of taxability, Notices of Proposed Issue (IRS Form 5701-TEB) or other material notices or determinations with respect to the tax status of the Bonds, or other material events affecting the tax status of the Bonds; 7. Modifications to the rights of Bondholders, if material; os„sr„ 10a. - Libraries development limited tax general o igation (LTGO) bonds (1st reading 5/9/2011) Page 50 of 55 . • � ; ORDINANCE NO. 8. Optional, contingent or unscheduled Bond calls other than scheduled sinking fund redemptions for which notice is given pursuant to Exchange Act Release 34-23856, if material,and tender offers; 9. Defeasances; - 10. Release, substitution, or sale of property securing repayment of the � Bonds, if material; 11. Rating changes; 12. Bankruptcy, insolvency, receivership or similar event of the City; 13. The consummation of a merger, consolidation, or acquisition involving the City or the sale of all or substantially all of the assets of the City, , other than in the ordinary course of business, the entry into a definitive agreement to undertake such an action or the termination of a definitive agreement relating to any such actions, other than pursuant to its terms, � if material;and ' 14. Appointment of a successor or additional trustee or the change of name of a trustee, if material. � The City shall promptly determine whether the events described above are material. (d) Format for Filings with the MSRB. All notices, financial information and operating data required by this undertaking to be provided to the MSRB must be in an � electronic format as prescribed by.the MSRB. All documents provided to the MSRB pursuant to this undertaking must be accompanied by identifying information as prescribed by the MSRB. os�,sn, 10a. - Libraries development limited tax general o igation (LTGO) � bonds (1st reading S/9/2011) Page 51 of 55 . � ORDINANCE N0. (e) Notification Upon Failure to Provide Financial Data. The City agrees to provide or cause to be provided, in a timely manner, to the MSRB notice of its failure to provide the annual financial information described in Subsection (b) above on or prior to the date set forth in Subsection (b) above. (f) Termination/Modification. The Cit�s obligations to provide annual financial information and notices of certain listed events shall terminate upon the legal defeasance, prior redemption or payment in full of all of the Bonds. Any provision of this section shall be null and void if the City (1)obtains an opinion of nationally recognized bond counsel to the effect that the portion of the Rule that requires that provision is invalid, has been repealed retroactively or otherwise does not apply to the Bonds and (2) notifies the MSRB of such opinion and the cancellation ofthis section. � The City may amend this section with an opinion of nationally recognized bond counsel in accordance with the Rule. In the event of any amendment of this section, tlie City shall describe such amendment in the next annual report, and shall include a narrative explanation of the reason for the amendment and its impact on the type (or in the case of a change of accounting principles, on the presentation) of financial information or operating data being presented by the City. In addition, if the amendment relates to the accounting principles to be followed in preparing financial statements, (A) notice of such change shall be given in the same manner as for a listed event under Subsection (c), and (B)the annual report for the year in which the change is made shall present a comparison (in narrative form and also, if feasible, in quantitative form) between the financial statements as prepared on the basis of the new accounting principles and tliose prepared on the basis of the former accounting principles. -31- osnsr„ 10a. - Libraries development limited tax general obligation (LTGO) bonds (1st reading 5/9/2011) Page 52 of 55 • � . � • . � ORDINANCE NO. (g) Bond Ownei's Remedies Under This Section. The right of any bondowner or Beneficial Owner of Bonds to enforce the provisions of this section shall be limited to a right to obtain specific enforcement of the City's obligations under this section, and any failure by the City to comply with the provisions of this undertaking shall not be an event of default with � respect to the Bonds. (h) No Default. Except as otherwise disclosed in the City's official statement relating to the Bonds,the City is not and has not been in default in the performance of its obligations of any prior undertaking for ongoing disclosure with respect to its obligations. Section 15. Lost, Stolen or Destroyed Bonds. In case any Bond or Bonds shall be lost, stolen or destroyed,the Bond Registrar may execute and deliver a new Bond or Bonds of like date, number and tenor to the Registered Owner thereof upon the Registered Owner's paying the expenses and charges of the City and the Bond Registrar in connection therewith and upon his/her filing with the City evidence satisfactory to the City that such Bond was actually lost, stolen or destroyed and of his/her ownership thereof, and upon furnishing the City and/or the Bond Registrar with indemnity satisfactory to the City and the Bond Registrar. Section 16. Severabilitv; Ratification. If any one or more of the covenants or agreements provided in this ordinance to be performed on the part of the City shall be declared by any court of competent jurisdiction to be contrary to law, then such covenant or covenants, agreement or agreements, shall be null and void and shall be deemed separable from the remaining covenants and agreements of this ordinance and shall in no way affect the validity of the other provisions of this ordinance or of the Bonds. All acts taken pursuant to the os„s�„ 10a. - Libraries development limited tax general o igation (LTGO) bonds (1st reading 5/9/2011) Page 53 of 55 i • ORDINANCE NO. authority granted in this ordinance but prior to its effective date are hereby ratified and confirmed. Section 17. Effective Date of Ordinance. This ordinance shall be effective upon its passage, approval, and thirty(30)days after publication. IPASSED BY THE CITY COUNCIL this 3§�kr2�Oth day of�June, 2011. Bonnie I. Walton, City Clerk � APPROVED BY THE MAYOR this�2�Oth day of�June, 2011. Denis Law, Mayor Approved as to form: _ Deanna Gregory , . , Pacifica Law Group LLP Bond Counsef Date of Publication: -33- osns�„ 10a. - Libraries development limited tax general obligation (LTGO) bonds (1st reading 5/9/2011) Page 54 of 55 , ....._. .._ � � ORDINANCE N0. CERTIFICATE I, the undersigned, City Clerk of the City Council of the City of Renton, Washington (the "City"), DO HEREBY CERTIFY: . 1. That the attached Ordinance is a true and correct copy of Ordinance No. of the City Council (the "Ordinance"), duly passed at a regular meeting thereof held on the��' 2�Oth dayof�Aa�June, 2011. 2. That said meeting was duly convened and held in all respects in accordance with law, and to the extent required by law, due and proper notice of such meeting was given;that a legai quorum was present throughout the meeting and a legally sufficient number of members of the City Council voted in the proper manner for the passage of the Ordinance;that all other requirements and proceedings incident to the proper passage of the Ordinance have been duly fulfilled, carried out and otherwise observed; and that I am authorized to execute this certificate. IIN WITNESS WHEREOF, I have hereunto set my hand this�-2�Oth day of�June. ; 2011. Bonnie I.Walton, City Clerk 10a. - Libraries development limited tax general obfigation (LTGO) °�"�"' bonds (1st reading 5/9/2011) Page 55 of 55 � ` � "/ � i ` — 1 \ � / � � � � 12 1 �' . 11 2 �� 3 4 q � 8 5 � � �� , �. \ , e \ � • .�N. e �`, �d ', 0 mv►n�t�i . ,�, � Com, Comot�� dr�►�p `�, �, Rea .2011 `�r `, 2�1� `�� 1 ' `�� , .. \ � ,d,r ��:. ;, � � G , ��'�� ` N r,,` K A> ;,, , C�uNTY ��gRA�Y A ' '�; ,� ��y � . �: k �5 Y (' • o , • .,_, F �; `\fid` �.,\, \' _'\\ `:\ ` Y g�,1. W "' � \\` \V � / � r • . Contents introduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 The Brand Connection Campaign Launch Promotions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 outdoor Transit � � KCLS Fleet � Brochures and Advertising � Programs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 �' Gift of Time Cards Quick Reads Winter Reading Book Cover Walking Tours Results . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 Earned Media Media Promotions Facebook Ads KCTS Television ESPN Radio Sponsors. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 1 � ' � � 11 �2 1 1Q 2 T'�� 9 9 TIME $ , 54 T� � � Learn rnore at www.kcls.argltaketimetaread/ � Find us on Facebook � � at Take T�ta Read. ' Introduction , C.ike any skill,reading impraves with use. Communities of readers are more likely ta have an ' averall higher standard of living because of higher ' literacy levels,Beyond increasing basic literaty, reading enhances the lives of those who read. In late 2009,the King Caunty Library System (KCLSa and the KCLS Foundatian embarked , an a multi-year initiative to promote reading as an active choice far people of all ages. I KCLS cammissioned the Metropolitan Group � ' to conduct research on the state of reading in I the United States,and a poll of King County I �,, residents to discover why they enjoy reading. I While the majarity of residents say they enjoy reading,they also identified lack of free time as the biggest barrier to their awn reading.They also I indicated they wauld appreciate encauragement and opportunities to read,and woufd be � mare likely ta read if reminded ta do so. The Brand Connection '� In the 2010 report"Perceptians of Libraries;'OCLC, an international organization for library research, identified books and reading as the key"library '� brand."By promoting books and reading,KCLS cauld increase library use,engage community members in active reading,anc!elevate fihe overall awareness and perception af the impartance of literacy and reading. Initial implementation ofthefive-phaseTakeTime ta READ campaign began in autumn of 2010, and concluded in May 2011.The full campaign , wiN be expanded and repeated over the next two years to reinforce the message and increase awareness—and the practice--of reading. 2 � . • • . ampa�gn Launch Strategy The key campaign strategy was to provide encouragement and opportunities for people to read for the pleasure,inspiration, knowledge and adventure reading brings. Focus To address survey respondents'concerns that lack of time was a major impediment for their optional reading,the promotion focused on reading in those short-but-unavoidable waiting times throughout their busy schedules. � Tone TakeTime to READ aimed to make reading more relaxing and fun,so the program took a lighthearted tone and with widespread visibility. TAKE BACKYOURTIME is a major U.S./ Canadian initiative to challenge the epidemic of overwork,over-scheduling and time famine that now threatens our health,our families and relationships,our communities and our environment. October 24 IsTake BackYourTime Day ! TakeTime to READ launched on Take Back yourTime Day,October 24. To focus on the importance of taking time to read,KCLS formed a partnership with national Take BackYourTime ' Day(TBYT)to launch the Take Time to READ campaign. Joint releasesfrom KCLS andTBYTannounced thejoint campaign,encouraging everyone to take time—and make time—to read. Initial phase elements included transit and truck signs throughout the KCLS service area,radio and television spots and Quick Reads bookshelves with a comfy chair in waiting areas throughout the county. 3 � � { � � ' Transit � � � _ � I�1��` � " '' .��. ._ _ I � - Transit Signs iu�ii,:,.:;.lc� I ;k � 129 transit signs on key rautes , aver 16 weeks equals the fallowing: ; ' Reach frequency lmpressions � ,.. � 9$% 39.1 x 55,22d,000 ii ,. , �,,,„,.. fi�-�., . ��:~;ti � ''� _� s.��',�;i`;�,. .�';,�.fT ,. - , �tE�IiTi�? � - �.<.�. ' ,��.�.�-,:: -. � _ � : m �} _ ::�'�n - , # R�u �. ,A , ;, _ = � .�-.,. � �'�� I ��. - , � � , :d4�aew� II .._ .,_ ..,. i , .+�� I � Bridge up? T�. ,�� II 6mught to Ynu Oy tl�a qM CouMY�bmY�m kundatlon. �W W W,kCIS.Otg' I b I1 � � Day off? ��. �'. I BmugM to Yw M tlro qnp CouMY�brarS System Foundetlan. �W WW.kCIS.Ofg n n i Traveling? �� erouam m yw m1 me Woe coumr Uerari Sr�m wa+maon. �y�w.kCIS.Org 4 � . , • � KCLS Trucks 7hm ro ur.76e[holnr w111 surprBe you. Ca�R Slcep?� Truck Ads . �� Each year,eight KCLS delivery vehicles carry " � ; 653,000 containers collection items to 46 � community libraries,traveling 180,000 miles per year,promoting Take Time to READ as they go. Rainy day? T �� " � ,o , 9 �7 � � 1 4 ToR , s �www.kcls.org Brought to you by the King Counry Llbrary System Foundadon. Long line? T ��`"I /� ,o = � 9 � 7 iE � 1 4 TO D ' ° �www.kcls.org Brought to you by the IGnq County Library System Foundatlon. Kids asleep?T �/�' ��`�"'/�' ,o , an� 9 �T � , 0•�` , ' � S 4 R � www.kcls.org Brought W you by ihe IGng County Library System Foundation. Eating alone? T ��`"I/� ,o , � 9 1 � , . To R „ �www.kcls.org , � Brought co you by fhe IGng County Library System Foundation. 5 Brocnure � At��rtisin � 9 � i F Ilyousatdownwlthabookor �� a maqazine for halt an houc.. � wo.+d��Miu�erw+er. �., , � .,�.ne�netima .w.qornNWmw�au i..aisum.w�.. Pnd dont f°'g�j°�tp o�ers TAKETIMF TO k�AD �iae+Wt a� '�9�� I c�.+M'°r'Atr+_vw��°�w�+^"' �y so�. ��m�„�y aa,n ha.w+�u. FMRCISM� � li NE�E'� - OW �� ..� N .��,� �� rse5i.Read to somc°ne eise. for � �ration,ad�^xure.knO`"i�� Aeadfosu'eSntP and fun n b�ngs. TAKE SiNI�50 R£AD today' Pramotianaf Brochure Whether for fun,inspiration, Ghores can wai#. T� •' knowledge or adventure; � Permission Q find a momen#ta read. ,�.g ��'�Ilt@t�. Permission T�'. � granted. Chores can wait. pR fi�� u �i � ro Whe#her r�+ T��',,�, far fun, Tpp inspiration, Whether �17 knowledge f8r fun, or adventure: inspiratian, find a knowiedge Whetfier for fun,inspiration,knawledge moment or adventure: or adventure:tlnd a mame�M rcad. tQ�8ad. (ind a e�wuuawm�wn..ra«.bno.smmm.c�narorma itSflttiBtlt aisa�ewpsSptlraaKtcrsomwneto Woethel�e♦ to read. ""cw"`°`'.,'""°.ew'".n'cas"ur.w. �«��o�a�.,�.n wvew-kUa ag+laYerircloeesit. htn+&�i tAmNe&www.kds.a4bkedmrtatad7. [IM Fnd us on Pxehaok A° attakrTunsm�qaa.� kdS�S R(N& K i N G COUN7Y COUN7Y LIM/IARY lllRARY kcls•� kcls�a Web&Print Ads 6 i � , � � � i � Gift af Time i � � A G�t of Time Card for You �_� r I Research shawed that reading is a valued skill and a guilty ' �`a'�"� pleasure:KC�S crafted"Gift of Time Cards"To help wauid- Fun i be readers set aside their guilt and pick tap a book. ( Chores can wait. I Avaiiable in the libraries for the winter halidays for gift giving i and again in late spring-early summer.The Gift of Time cards As�flfrmec�mEaYQ�. „ , pravide a gentle reminder that it's okay to read.ReaNy. It's OK. r� ."�.% � ��av��e: r�M� ,! :. ''� Adventure � � tf you sat dawn with a book or a magazine far half an hour... �.,,.,,,,,;,,,,,„,,,��,,, Youmrghtjustfindyourse!{.� � ...rested and reiaxed ' ...invigarafedbynewideas Go ahead. AG�norr�mecardravo�. p� ...readytoracklethaiassignment,finishthose ' ��tl��,� T� ' �'"'� chores or find a great new recipe for dinner. Inspira6on O E ' � `' RSure,you enjoy reading.And by reading regularly , a Gin or nme cara ror vou. you tan improve your speaking,listening, caro vau,e: °'""'°""""°�`°'�°°' writing,vacabularyandgrammar. Relaxatwn Reoding opens a window to the world that transports , yotr ta exatic lotales,rntroduces you ro unforgetrable Permission gran#ed. characters and leads yoa to quesrion—and better understand—the world around you. Bui sometimes reading feels like an undeserved lwcury.!t � Gift of Time Cards seems like there's never enough Cime for reading.Or when � you have thase free moments,ihere's norhing handy to read. � --��—''� That's why we are making it easy for you to TAKE T/ME TO REAC3;ro help you frnd the time and materials to I , }��e� read,when you tan,and ro relish in the pJeasures FCg� � � and benefits thatgoalong with reading. I I ' p� af�? i Y Traveling? �i� �� 0 0 I read I read Need a break? With my kids during lunch 0 0 � ,� !read ta my i read �fl" � � grandkids on my break I Tq,� � �� TiME ° , 1 , � 0 � I Ta � I read when I read 1 can't slee at the m � p 9Y il IWhether for fun,inspiration,knpwledge � � � a adventure:find a mflment tp read. I re��J I read ��,��„�w�,Mus^�g,�=k�„me,a«•�. before bed to my dog � � � . k��s•g I read I read , � on#he bus while in fine .�../f �' Library Posters lRead Stickers 7 ��-.�: ' � � Qu�ck Reads � � ,� � � � RN. � . � II ( I + a Quick Reads:Means,Motivation and Opportunity �;�� . The KCLS TakeTime to READ campaign aimed to provide light- hearted motivatian to read in unexpected moments.What better way to atcomplish that goal than ta provide reading material and a comfy chair in places where people had unplanned time an their hands? In collaboratian with organizations,institutions and cammunities throughout the service area,KCL5 placed Quick Reads shelves and a comfy reading chair in waiting areas across King County.Stocked and —,�, . .- � regu(ariy replenished with brief baoks,short stories,poetry and other literary amusements,the Quick Reads promatian invited people to • take the materials,read them and pass them on to future readers. The Quick Reads tampaign has provided books in 40 locations in the initial year of the campaign,and plans are underway to expand during the second and third years of implementation. T I ��i ��n.'i� � _ � i � F��` } ��, n# ' � � i • � � . u�ck Reads Locat�ons surtuo �;,�a .. .. Pa t�NOAh Mill C�eek � Monrae �� - � . ... 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' "�,Fa ��t-i,^.:K_.'P, �.. e: � Wceknd �r ^ . i � ,a:±.. t_.s+, ; ' . gav_ � .,g�:.i'r,j' ,:�Lj,'>.'a'�y+'. � w�'.�":. -`�' � e ,y�,. ,^ic .F�,�8� � .:��",, 16 \. , �h � PadAe ''?2p!,,n.�,'S,`^.�xi=�'�,+t'�a'.,'- �a.,a.''�,� -i a. FozlWnd Univen Taeoma 1�,. !dye�wod . �`Y .. ..� ..,��,+,`,�,y�^,��.:��s;�4Rs,�'�,4f-:�::as�� E � , �e;_—� Fifel � i� c. . . ,,.�.';>�}''';r;:,:.,�':..?t,',:zv.,° ��: ;.,i,c-�: ..' . � LakeTa �s @011GoogN-#�4pd��02011Goopb-Tprr�i0flke Report• �oblem �C Auburn Library Kingsgate Library I Auburn Regional Medical Center Kingsgate Ice Arena Beilevue Regional Library Mercer Island Library , Washington State Department of Licensing Stroum Jewish Community Center Bothell Library North Bend Library Group Health Northshore Medical Center,Bothell North Bend Les SchwabTire Center Burien Library Redmond Library Group Health Burien Medical Center Redmond Les Schwab Tire Center Covington Library Renton Library Covington Aquatic Center Group Health Renton Medical Center Fairwood Library Sammamish Library Valley Medical Center Renton Sammamish FamilyYMCA Federal Way Regional Library Shoreline Library Weyerhaeuser King County Aquatic Center Shoreline Department of Licensing Office Foster Library Vashon Library Highline Medical Center Speciality Campus,Tukwila Vashon Health Center Issaquah Library Woodinville Library Pacific NW Writers Association Woodinville Goodyear Auto Services Center Kent Library Woodmont Library Midas Kent Les SchwabTire Center 9 .�— _ ' • Winter Readin�rogram �„ „ ., � � �� . , � Readinyma �N ybe� TO � I //�'� ��dn tyq�en�n re�ro R � M Si 9etogoalo�loya��eWarm �� d mPlyTq,rETlM 9wirh�rt U� �dtell�sa ET�RFApt to win a SS��'O°i it Yo�wil/his winrer, Le2�lrllor Be97ny',ey[e[hitfonnor�s y18�� d^d�theryreatpei es�I�m�budcsd ea�� nuary1.y011, miranent m�M�3honFM.e ��8�� Take ` �,t017. b°°k at iql(�nME y� a ew m�n p r� FAD. Th�n tell us about � w�e�W��u aa`n�f�d��ps` lO RI�,'/�D.. R v/y .on[he feny...or e...at the coffee °wYou fook the Whenpveror tirne to R��• . � �,�M aa°'""�+a 'w.ro`°"�.��,n„e,,,y,y�� wb Name "'�ann�x�°„'h.i�, �e�°'.�,,,ry y,��,t Address � Ciry State Zip Phone Email HomeLib2ry Ayo leaneeldxromtt..Cwnro rnkmn Nxbpcwnbws10r9cwmb�araaSM�mn.JneWn.W rmwwlnlemwtbnxrnMkrorrnrMm�rA M TAKE iIME TO RFAD Is a multi-year inidativeto increase reading across King County. n 1° � ia `, � + 7� a xing co�n�y T� . 1 . Library System TO ' ' Foundation • �� Leun mort rt� HM ie onlsW�k� LIaI�YIY�t In libraries across the nation,summer reading programs for „ » , kids invite them to read for fun during their vacations,and T� �° �� parents provide the motivation and transportation to help . . them achieve their reading goals.In the winter months, T�� ' ° however,the kids are still in school,and parents have a wee � bit more'spare time'to indulge their own reading muse. The KCLSTakeTime to READ Winter Reading Program gave `°""'"�°"�'""' grown-ups the opportunity to read for fun and prizes. �a��nm.ir.re.r Iot eau ht Librarians on"Reading Patrol"handed out stickers 9 g and prizes to people caught reading in public. reading! Adult readers were invited to write reviews of the books they read,and enter for prize drawings. 10 � , . • . Book Cover Walking Tour t~ " tl 12 1 �'; ,. . . .,. . 'c+� :�'��a�.� .xY� 10 2 '�'$, .. � ' ., ., ';'K':�;"�'-�.rY, T � � x � `' .. ��'��`' 9 3 '��H i`?�. 0 ��y�_,�. ME e � � 5 4 1 1�� '.�'?�. Tp ., ;, b�� R � :.��t�:_ �� 0 ;�� : �.�� r. � '��-*_> � =e ,- _ s�w.. . . , / f . '��.y 'P,. " - I -�''..?.., �:'�1.,�. � �� I _ ..`'a*:!'` B k Cover - 00 ;r» z�..,�.,. � ,r / � - .`�.';�� i I `�'`` , R.� Y�' � f;��,e�>s��" � -,� .t.'6.Ci�_! Walking Tour _ ._. Locations and ��"tw�`d`"" '�'� �'�V ` 'hf:laUeWe`�ut6or �� audio guide information `,�ud►I��n�nJ Mr Srnr�f.n ...l�x,,� �N� •, I � `��` _'� �II � z!w I �=� � I ..�:. � `�F�. �q ^�,., i �- � • � �� " , �a : , �'�� ' � . 1 . , ForAudioTour T(� � s ' NPl Dia1425.507.0429 ��R� , �1 Press� �� I To find this baok visit www.kcls.org. Spring brought thefinal component oftheTakeTime to READ campaign:the Book Cover Walking Tour.Eight communities I hosted outdoor book art galleries in pedestrian friendly sites.KCLS designed and placed 128 6'x4'framed posters in prime locations. ' Audio book talks were available by cell phone or online. Businesses,community centers,and public spaces ' displayed the oversize book covers-as-art to provide unexpected encounters with books and reading. The Book Cover Walking Tour received landmark media coverage and enthusiastic feedbackfrom participating communities,and requests from additional cities to participate in the next iteration of the campaign. 4 � 11 � ill 1 � 1 �ii//iii//iii////i////i///////� i K \ �'°f..,., . \ � � � � c, i�;llfi � � ,� � �:� .�. � -��, � , : � , � `, � , � � � ,, , � � , ,. i /,�'� '!<r/! ! El � rw��F � � I�r�i�,� � � .� ��r. \ %ii i��, Z: � {F\tf � j �' # �� L� � / ! Y� ' ` ! l;,,,,) . ' � i �� ,` _ � .� a � � � � ��" a �_. ; , \ ` I, � � i ! ,* `... � »��//ii��//////��////ii// ' � . , � � ',� . , soa � � j�� ,� �. ,H�:,�� , '" l n.� ++ -_.— �— . I �i -:4��t S. �?�,i� 'S.C�t"�� .1` .. y�l�K�J . . . . . . .. ;i' , ��"��...,,��t +� .. {r. o z. f _�� 4 �� ( ,,� � .> ,Fa,�' ;:� _�" � {- -.. �� — � . r ■■i ! " = - � ' � `�� ; _. -,; I � . ,-�: _- � --. �-�, r, �.�, �,.� .�� ,.. �� - a _�� _� � y ' _ - { �'i� � �. � i�' I �� "�---�- ,�- ','t,_�r �.s�- �I � � � � �� , �� , . ,ii w�r,�N�e; , � �'s ,1[ � - . �.,,.�• �� — . ' -. - -- -- t�;.,..� �"'� .��'` - �ot � j'11 ..:..:_> .=4_ ;i � s� t '� +� � � s��~ � �1,� �� { � •, ��,E�r rh��u '!�o � - � � , „�� e�s�E�o 1 � � � � �� _ b 0� � P �--� � � _ �� =3�_- � �_,�Q j �' :-r'� �e;� � i ' 'r �-�,��. ..._ _ . , ' i .� i r M1.�� L � i �� r' . M ' 1 '�y�I I , ;-z.s _ -_ � , � - �� _. : • a,o ' 3t��. , �_—�__— ' • Book Cover Posters _ � t � �:- �, � "-=��o .- , � oiai ais.so�.oaz9 TTIIIAE�„ Prass� j� r.rrw.w.kwx...}a.«� � ' roi�roiox ,rmw � `` y . � ��;- � � Z° ,.�.. � _ e ,. ,� ■i.� „ � lsurie� Dia142S.507.0429 � � Pr�ss� urrx�.ww.ax...ae.w I , ��WillNip�11 �• ,4 y^� � � � da1�15307.0429 � Pr�ss� �R r.a��as w.t.w�...m..�r 13 � ' Results � � ; � � Earned Media � � � • 200 feature stories in local and national media • 65 online news and business clips �� i • 130 online consumer clips � � � • Articles in professional library journals ; � . C • Library Journal � • ALTAFF Voice q j � � ( • Marketing Library Services ! ~ • � i.� r2.�� • Earned media ad value:$120,000 ��rr� �r�.�uri�n i�rr�r�w�r�p�u�iw i�� News by Type:Take Time to READ � i5o ; q` I ° 100 - -' - _ - -- i--- -— o I � i i Z � I I � 2009 2010 2011 2012 Year �erief �F�ature �blentlon �Ras Re�eue �Calmdars News Clips vs.Ad Value:Take Time to READ � �00000 iso-- -- - — -i � � � �oo - --- ----- --- s0000 - < Z -I � m so------ —;- � 0 Qaio a>>> Quarter �Ne�xs -��-�-Sum of Ad Velue Clips by Media Type:Take Time to READ(News) I I I ; � ��o--- --------- —: - - I � ° ioo - - -- -- ---'- - '- : , E � i I Z 4f 10 Ot 11 Quarter �61og,consumer �Online,ne.vs end Wsiness �Afegeane,Vatlelindustry �Online,tradu5ndustry �News,ReleaseQistributionServia �TNevlsionste4on �Newspaper,communiy O(Mane) �Online,tonsuna 14 . , , . � � Results Media Promotions Facebook Ads Versions Impressions Social Media URL version 22,019,515 Facebook page 21,378,741 3,765,615 KCTS Television Total 6 month Attendance 1,087 Total Science Cafes 18 Fifteen second spots aired on KCTS 9 130 � ESPN Radio 264 radio spots with KCLS banner online. ..;.� , � � �w i+ i i • • � � ' � ��.��///��... �� 7 � •j �` I � I i �.......�..+...+...... M�rlrr�� •1riYrl 1 � 1 °j�w.q�s�..�� _ e.._ Sponsors The King County Library System Foundation Ingram Library Services, an Ingram Content Group company � Puget Sound Energy 15 � � O�� I � S/GN-IN SHEET o�o ° Q��00� � Renton library Advisory Board DATE: J U N E 15, 2011 Do yau wish to Name Address City/Zip Phone speak? PLEASE PRINT , Yes No �� I ��,�'�_ �L�� " / ;� /� yZ s-- z Z�, -- �itivlGc�J-e,�c/ ' /C�Zvt%ft>n �i��:'u.�l�/J y�"O.f�7 �v t/3 `-� C�,� (i()�r-� C � �t�t6�-� �c�'�S 7 x �� o �► �I r2� 21�A- U S� �- � cS�/Y`2_ - f�U C� , � 2 - �t� - ��°s -�� ev�h� C � Z �Z�s� �3� �� '-'- �,,�:.� l��- � .� z�-- � r� � .��