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RES1853 � 1 . , : 'f �* . � � �' � ► K � • . y � , � RESOLUTION N0. 1853 A Resolution of the City of Renton, Gdashington, a municipal corporation, operating as a non-charter Code City, authorizing and directing ��.. .;: the Mayor and City Clerk to sign, on behalf of the City of Renton, that certain Agreement between the State of Washington Economic Assistance Authority and the City of Renton , Washington , for aid in financing the cost of public facilities consisting of app. 2280 lineal feet of 24" and app. 1890 lineal feet of 21" sanitary sewer trunk line between the Renton Highlands and Houser Way North, ,� and 1400 lineal feet of 16 watermain between Mt. Olivet and Houser Way North, all situated in the City of Renton, King County, Washington. THE CITY COUNCIL OF THE CITY OF RENTON, WASHINGTON , DO HEREBY RESOLVE AS FOLLOWS : SECTION I : The Mayor and City Clerk of the City of Renton , Washington , ar.�.:h�reby authorized and directed to execute and sign, on behalf of the Cit of Renton that certain A reement between the Y � g State of Washington, Economic Assistance Authority, and the City of Renton, Washington , for aid in financing the cost of certain public facilities consisting of and including the following, �o-wit : App. 2280 lineal feet of 24" and app. 1890 lineal feet of 21" sanitary sewer trunk line between the Renton Highlands and Houser Way Notth , and 1400 lineal feet of 16" watermain between Mt. Olivet and Houser Way North , and a copy of said Agreement �b�ing attached hereto , labeled '� , Exhibit A and made a part hereof as if fully set forth herein. I PASSED BY THE CITY COUNCIL this7th day of May, 1973 . L. e ores . ea , ity ler APPROVED BY THE MAYOR this 7th day of May , 973 . ery Gar et , Mayor A oved as to f m: �� ����� � erar s e n, i . �� ` WASHINGTON STATE '` ' ,; ��+� , _ �_ ECONOMIC ASSISTANC E AUTHORITY - � �.... M �:h . x � CAG 030-73 ' Project # i57 FY Code 72-67 Offer Date April -18, 197 3 - . � OFFER OF FINANCIAL AID Pursuant to its authority under � 7, chapter 117, Laws of 19?2, 1 st Ex. Se s s. , and sub j ect to the General and Special Conditions attached hereto, the Economic Assistance Authority, State of Washington, hereby offers to make funds available to the CITY OF RENTON hereinafter referred to as the "Owner", in order to aid in financing the cost of, or improvements to, public facilities consisting of construct � a sanita sewer trunk, make a Metro sewer connection and install a water main to serve an existin industrial area. hereinafter collectively referred to as the "Project. " Funds provided shall be: (a) a loan in the amount of $ 95,000 (b) a grant in the amount of $ -- the total not to exceed $ 95 ,000 Interest on the loan amount shall be computed and paid at the rate of �_% per annum . The offer herein provided for shall be further subject to whatever Special Conditions regard- . ing terms and conditions of any grant, loan or loan/grant combination that may be agreed upon; in the event that mutually satisfactory Special Conditions are unable to be developed than this offer may be terminated by the Authority and no obligations under the offer whatso- ever are to be incuned by the Authority for this Project. The offer also is subject to the re- ceipt by the Authority of an attorney's certificate as to the Owner's legal ability to undertake the project and a resolution accepting the Authority's financial aid under the tenns of all con- ditions (see samples enclosed). By acceptance of this offer the Owner agrees to render its best efforts in developing mutually satisfactory Special Conditions. It is understood that a final approval of the Agreement, which shall consist of this offer of Financial Aid, the acceptance, together with the Special and General Conditions developed thereto, shall be necessary from the Authority. This offer is intended to facilitate allocation of resources for both the Authority and Owner. This offer must be accepted and returned to the Authority prior to May 15, 1973 ACC EPTANC E : ECONO C ASSIST NC AUTHORITY. OWNER by bY title CHAIRMAN title Mayor, Citv of Renton - � - date April 18, 197 3 date May 8 , 19 7 3 ' attested by .��,�r��i � ��[���' � � � � _______._ _ _.r. _���