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HomeMy WebLinkAboutRES 3127 CITY OF RENTON, WASHINGTON RESOLUTION NO. 3127 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 CONSTRUCTION LOAN AGREEMENT" FOR INSTALLATION OF THE CENTRAL RENTON SEWER REPLACEMENT. WHEREAS, the sanitary sewers in the area bounded by N. 4th Street, Burnett Avenue N. , the Cedar River, Bronson Way N. and Houser Way N. are approximately seventy years old and in need of replacement; and WHEREAS, the City of Renton intends to install the new sanitary sewers; and WHEREAS, the Public Works Trust Fund, has agreed to make a construction loan to the City of Renton; and. WHEREAS, it is neces-sary to document that. .loan by means—of an agreement entitled. "Public, Works Trust Fund Construct=ion Loan Agreement" ; and WHEREAS, it is in the interest of the citizens of the City of Renton to enter into said loan agreement; NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF RENTON, WASHINGTON, DO RESOLVE AS FOLLOWS: 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 Construction Loan Agreement Number PW-5-95-791-033 . " 1 RESOLUTION NO. 3127 PASSED BY THE CITY COUNCIL this 5th day of June , 1995 . Bren a Fritsvold, Deputy City Clerk APPROVED BY THE MAYOR this 5th day of June , 1995 . Ea Clymer, MaNr Approved as to form: Lawr e . Warre , City Attorney RES.447 : 5/23/95 :as . 2