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HomeMy WebLinkAboutRES 3167 CITY OF RENTON, WASHINGTON RESOLUTION NO. 3167 A RESOLUTION OF THE CITY OF RENTON, WASHINGTON, AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE AN INTERLOCAL COOPERATIVE AGREEMENT ENTITLED "PUBLIC WORKS TRUST FUND PRE-CONSTRUCTION LOAN AGREEMENT NUMBER PW-5- 96-791-PRE-116" FOR DESIGN OF THE ROLLING HILLS RESERVOIR AND PUMP STATION PROJECT. WHEREAS, there is shortage of fire flow, stand-by and equalizing storage for water in the 350, 490, and 590 pressure zones of the City of Renton' s water service area; and WHEREAS, the City of Renton is currently designing, via a consultant, a project to construct a reservoir and pump station to eliminate the storage deficit; and WHEREAS, the Public Works Trust Fund has agreed to make a pre- construction loan to the City of Renton; and WHEREAS, it is necessary to document that loan by means of an agreement entitled "Public Works Trust Fund Pre-Construction Loan Agreement Number PW-5-96-791-PRE-116" ; and WHEREAS, it is in the interest of the citizens of the City of Renton to enter into said agreement; NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF RENTON, WASHINGTON, DO RESOLVE AS FOLLOWS : 1 RESOLUTION NO. 3167 SECTION I. The above recitals are found to be true and correct in all respects . SECTION II. The Mayor and City Clerk are hereby authorized to sign the agreement entitled "Public Works Trust Fund Pre- Construction Loan Agreement Number PW-5-96-791-PRE-116 . " PASSED BY THE CITY COUNCIL this 15th day of January , 1996 . .;, Marilyn Petersen, City Clerk APPROVED BY THE MAYOR this 15th day of January , 1996 . Jesse Tanner, Mayor Approved as to form: ifCvu1/4"filv Lawrence J. Warren, City Attorney RES .488 : 1/08/95 :as . 2