HomeMy WebLinkAboutORD 4409 , �� ,
,
CITY OF RENTON, WASHINGTON
QRDINANCE NO. 4409
AN ORDINANCE of the City of Renton, Washington,
relating to contracting indebtedness; providinq for the
issuance of $4,910,000 par value of Limi.ted Tax General
Obligation Refunding Bonds, 1.993, of the City to pzov,ide
funds with which to pay the cost of refunding the
callable portion of the City�s outstanding Limited Tax
General Obligation Bonds, 1986, and the costs of issuance
and sale of the bonds; fixing the date, form, maturities,
interest rates, terms and covenants of the bonds;
establishing a bond redemption fund; providing for and
authorizing the purchase of certain obligations out of
the proceeds of the sale of the refunding bonds herein
authorized and for the use and application of the mone'y '�
derived from those investments; authorizing the execution
of a contract with Key Bank of Washington of Tacoma, j
Washington, as refunding trustee or escrow agent; and �
approving the sale and providing for the delivery of the
bonds to Seattle-Northwest Securities Corporation of '
Seattle, Washington.
WHEREAS, pursuant to Ordinance No. 3986 passed April 21, 1986,
the City of Renton, Washington (the "City") , heretofore issued its
Limited Tax General Obligation Bonds, 1986 (the "1986 Bonds") , in
the original principal amount of $9,220,000, and by Section 3 of
t�at ordinance the City reserved the right and option to redeem the
1986 Bonds maturing on or after June 1, 1997, on June 1, 1996, and
on any interest payment date thereafter, at par plus accrued
interest to the date fixed for redemption; and I
WiiEREAS, thEre are presently outstanding $4, 390,000 principal
' �mount of 19�� lBc�nds maturing on June 1 of each of the years 1997
throu�h 2002, inclusive, bearing interest at various rates from
7.o0�k to 7.�0� (the "�efunded Bonds") ; and
WHEREAS, the City Cauncii has determined that the Refunded
Bonds may be refunded by the issuance and sale of the general
0088859.02
, ��
ORDINANCE NO. 4409
obligation bonds authorized herein (the "Bonds") so that a
substantiai saving will be effected by the difference between the
principal and interest costs over the life of the Bonds and the '
principal and interest costs over the life of the outstanding '
Refunded Bonds but for such refunding, which refunding will be
effected by
(a) The issuance of the Bonds; and
(b) The payment of the interest on the Refunded
Bonds when due up to and including June 1, 1996, and, on
June 1, 1996, the call, payment and redemption of all the
outstanding Refunded Bonds at a price of par;
and
WHEREAS, to effect that refunding in the manner that will be
most advantageous to the City and its taxpayers, the City Council
finds it necessary and advisable that certain acquired obligations �
(hereinafter defined) bearing interest and maturing at the time or ,
times necessary to accomplish the refunding as aforesaid be I
purchased out of the proceeds of the sale of the Bonds; and
WHEREAS, the City Council has determined that it is necessary
to issue and sell $4,910,000 par value of limited tax general
obligation refunding bonds to provide the funds necessary to refund
the Refunded Bonds and to pay the costs of the refunding and the
issuance and sale of the Bonds, and Seattle-Northwest Securities ,
Corporation has offered to purchase the Bonds under the terms and
conditions hereinafter set forth; NOW, THEREFORE,
THE CITY COUNCIL OF THE CITY OF RENTON, WASHINGTON, DO
ORDAIN as follows:
0088859.02
-2-
, ��
ORDINANCE NO. 4409
SECTION I. Debt Capacitv. The assessed valuation of the
taxable property within the City as ascertained by the last
preceding assessment for City purposes for the calendar year 1993
is $3,429,366, 124. The City has outstanding general indebtedness
evidenced by (a) limited tax general obligation bonds and
conditional sales contracts in the principal amount of $8,116,763
incurred within the limit of up to 3/4 of 1� of the value of the
taxable property within the City permitted for general municipal
purposes without a vote of the qualified voters therein, of which
$4,390,000 will be refunded from the proceeds of the issuance and
sale of the Bonds authorized herein, and (b) unlimited tax general
obligation bonds in the principal amount of $9,790,000 incurred
within the limit of up to 2-1/2� of the value of the taxable
property =within the City for capital purposes only, issued pursuant
to a vote of the qualified voters of the City. The amount of
indebtedness for which the Bonds are authorized herein to be issued
is $4,910,000. �
SECTION II. Authorization of Bonds. The City shall borrow
money on the credit of the City and issue negotiable limited tax
general obligation refunding bonds evidencing that indebtedness in
the amount of $4,910, 000 for the purpose of providing the funds
required to pay the interest on the Refunded Bonds when due up to
and including June 1, 1996, and on June 1, 1996, to call, pay and
redeem all of the outstanding Refunded Bonds at a price of par (the
"Refunding Plan") , and to pay the costs of the refunding and the
issuance and sale of the Bonds. The general indebtedness to be
0088859.02
-3-
ORDINANCE NO. 44U9
incurred by the issuance of the Bonds shall be within the limit of
up to 3/4 of 1� of the value of the taxable property within the
City permitted for general municipal purposes without a vote of the
qualified voters therein.
SECTION III. Description of Bonds. The Bonds shall be called
Limited Tax General Obligation Refunding Bonds, 1993, of the City ,
(the "Bonds") ; shall be in the aggregate principal amount of ',
$4,910,000; shall be dated August 1, 1993; shall be in the '�
denomination of $5, 000 or any integral multiple thereof within a I
single maturity; shall be numbered separately in the manner and
with any additional designation as the Bond Registrar
(collectively, the fiscal agencies of the State of Washington
located in Seattle, Washington, and New York, New York) deems
necessary _for purposes of identification; shall bear interest at
the rates set forth below (computed on the. basis of a 360-day year �
of twelve 30-day months) , payable on December 1, 1993, and
semiannually thereafter on each June 1 and December l; and shall
mature on June 1 in years and amounts and bear interest at the
rates per annum as follows:
Maturity Principal Interest
Dates Amounts Rates
1994 $120,000 3.00$
1995 80,000 3.50
1996 85,000 3.90
1997 700,000 4.00
1998 720, 000 4.20
1999 750,000 4.40
2000 785,000 4.60
' 2001 815,000 4.70
2002 855, 000 4.80
0088859.02
-4-
ORDINANCE NO. 4409 I
SECTION IV. Registration and Transfer of Bonds. The Bonds
shall be issued only in registered form as to both principal and I'
interest and recorded on books or records maintained by the Bond
Registrar (the "Bond Register") . The Bond Register shall contain
the name and mailing address of the owner of each Bond and the
principal amount and number of each of the Bonds held by each
owner.
Bonds surrendered to the Bond Registrar may be exchanged for
Bonds in any authorized denomination of an equal aggregate I�
principal amount and of the same interest rate and maturity. Bonds
may be transferred only if endorsed in the manner provided thereon
and surrendered to the Bond Registrar. Any exchange or transfer
shall be without cost to the owner or transferee. The Bond
Registrar shall not be obligated to exchange or transfer any Bond �
during the 15 days preceding any principal payment date.
SECTION V. Payment of Bonds. 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 paid by checks or I
drafts of the Bond Registrar mailed on the interest payment date to
the registered owners at the addresses appearing on the Bond
Register on the 15th day of the month preceding the interest
payment date. Principal of the Bonds shall be payable upon
presentation and surrender of the Bonds by the registered owners at
either of the principal offices of the Bond Registrar at the option
of the owners. ,
0088859.Q2
-5-
ORDINANCE NO. 44U9
SECTION VI. Optional Redemption and Open Market Purchase of
Bonds. The Bonds shall be issued without the right or option of
the City to redeem the Bonds prior to their stated maturity dates.
The City reserves the right and option to purchase any or all ,
of the Bonds in the open market at any time at a price not in
excess of par plus accrued interest to the date of purchase.
Al1 Bonds purchased under this section shall be cancelled.
SECTION VII. Failure to Redeem Bonds. If any Bond is not j
redeemed when properly presented at its maturity date, the City �
shall be obligated to pay interest on that Bond at the same rate
provided .in the Bond from and after its maturity until that Bond,
both principal and interest, is paid in full or until sufficient
money for. its payment in full is on deposit in the bond redemption
fund hereinafter created and the Bond has been called for payment
by giving notice of that call to the registered owner of that
unpaid Bond.
SECTION VIII. Pledge of Taxes. For as long as any of the
Bonds are outstanding, the City irrevocably pledges to include in
its budget and levy taxes annually within the constitutional and
statutory tax limitations provided by law without a vote of the
electors of the City on all of the taxable property within the City
in an amount sufficient, together with other money legally I
� available and to be used therefor, to pay when due the principal of I
and interest on the Bonds, and the full faith, credit and resources
of the City are pledged irrevocably for the annual levy and
0088859.02
-6-
ORDINANCE NO. 4409
collection of those taxes and the prompt payment of that principal
and interest.
SECTION IX. Form and Execution of Bonds. The Bonds shall be
printed or lithographed on good bond paper in a form consistent
with the provisions of this ordinance and state law, shall be
signed by the Mayor and City Clerk, either or both of whose
signatures may be manual or in facsimile, and the seal of the City ��
or a facsimile reproduction thereof shall be impressed or printed I
thereon.
Only Bonds bearing a Certificate of Authentication in the
following form, manually signed by the Bond Registrar, shall be
valid or obligatory for any purpose or entitled to the benefits of
this ordinance:
CERTIFICATE OF AUTHENTICATION
This bond is one of the fully registered City of
Renton, Washington, Limited Tax General Obligation
Refunding Bonds, 1993, described in the Bond Ordinance.
WASHINGTON STATE FISCAL AGENCY
Bond Registrar
By
Authorized Signer
The authorized signing of a Certificate of Authentication shall be
' conclusive evidence that the Bonds so authenticated have been duly
executed, authenticated and delivered and are entitled to the
� benefits of this ordinance.
If any officer whose facsimile signature appears on the Bonds
ceases to be an officer of the City authorized to sign bonds before
0088859.02
_7_
� ORDINANCE NO. 4409 �
the Bonds bearing his or her facsimile signature are authenticated I
or delivered by the Bond Registrar or issued by the City, those
Bonds nevertheless may be authenticated, delivered and issued and,
when authenticated, issued and delivered, shall be as binding on
the City as though that person had continued to be an officer of
the City authorized to sign bonds. Any Bond also may be signed on ��
behalf of the City by any person who, on the actual date of signing I
of the Bond, is an officer of the City authorized to sign bonds, '
although he or she did not hold the required office on the date of
issuance of the Bonds.
SECTION X. Bond Registrar. The Bond Registrar shall keep, or
cause to be kept, at its principal corporate trust office,
sufficient books for the registration and transfer of the Bonds
which shall be open to inspection by the City at all times. The
Bond Registrar is authorized, on behalf of the City, to
authenticate and deliver Bonds transferred or exchanged in
accordance with the provisions of the Bonds and this ordinance, to
serve as the City's paying agent for the Bonds and to carry out all
of the Bond Registrar's powers and duties under this ordinance and
City Ordinance No. 3755 establishing a system of registration for
the City's bonds and obligations.
The Bond Registrar shall be responsible for its
representations contained in the Bond Registrar's Certificate of
Authentication on the Bonds. The Bond Registrar may become the
owner of Bonds with the same rights it would have if it were not
the Bond Registrar and, to the extent permitted by law, may act as
0088859.02
_$_
ORDINANCE NO. 4409
depository for and permit any of its officers or directors to act I
as members of, or in any other capacity with respect to, any
committee formed to protect the rights of Bond owners.
SECTION XI. Preservation of Tax Exemption for Interest on
Bonds. The City covenants that it will take all actions necessary I
to prevent interest on the Bonds from being included in gross I
income for federal income tax purposes, and it will neither take
any action nor make or permit any use of proceeds of the Bonds or
other funds of the City treated as proceeds of the Bonds at any
time during the term of the Bonds which will cause interest on the
Bonds to be included in qross income for federal income tax
purposes. The City also covenants that, to the extent arbitrage
rebate requirements of Section 148 of the Internal Revenue Code of
1986, as amended (the "Code") , are applicable to the Bonds, it will
take all actions necessary to comply (or to be treated as having
complied) with those requirements in connection with the Bonds,
including the calculation and payment of any penalties that the
City has elected to pay as an alternative to calculating rebatable
arbitrage, and the payment of any other penalties if required under
Section 148 of the Code to prevent interest on the Bonds from being
included in gross income for federal income tax purposes. The City
certifies that it has not been notified of any listing or proposed
listing by the Internal Revenue Service to the effect that it is a
bond issuer whose arbitrage certifications may not be relied upon.
SECTION XII. Bonds Negotiable. The Bonds shall be negotiable
instruments to the extent provided by RCW 62A.8-102 and 62A.8-105.
aossas9.o2
-9-
ORDINANCE NO. 4409
SECTION XIII. Advance Refunding or Defeasance of the Bonds.
The City may issue advance refunding bonds pursuant to the laws of ',
the State of Washington or use money available from any other
lawful source to pay when due the principal of and interest on the
Bonds, or any portion thereof included in a refunding or defeasance ',i
plan, and to redeem and retire, release, refund or defease all such
then-outstanding Bonds (hereinafter collectively called the �I
"defeased Bonds") and to pay the costs of the refunding or
defeasance. If money and/or "government obligations" (as defined
in Chapter 39.53 RCW, as now or hereafter amended) maturing at a
time or times and bearing interest in amounts (together with money,
if necessary) sufficient to redeem and retire, release, refund or
defease the defeased Bonds in accordance with their terms are set
aside in. a special trust fund irrevocably pledged to that
redemption and retirement of defeased Bonds (hereinafter called the
"trust account") , then all right and interest of the owners of the
defeased Bonds in the covenants of this ordinance and in the funds
and accounts obligated to the payment of the defeased Bonds shall
cease and become void. The owners of defeased Bonds shall have the
right to receive payment of the principal of and interest on the
defeased Bonds from the trust account. The defeased Bonds shall be
deemed no longer outstanding, and the City may apply any money in
any other fund or account established for the payment or redemption
of the defeased Bonds to any lawful purposes as it shall determine. ,
0088859.02
-1�-
ORDINANCE NO. 4409 I
SECTION XIV. Bond Fund and Deposit of Bond Proceeds. There
is created and established in the office of the Finance Director of
the City a special fund designated as the Limited Tax General
Obligation Refunding Bond Fund, 1993 (the "Bond Fund") . Accrued
interest on the Bonds, if any, received from the sale and delivery
of the Bonds shall be paid into the Bond Fund. All principal I�
proceeds of the Bonds shall be deposited in accordance with the
provisions of Section XV of this ordinance. All taxes collected
for and allocated to the payment of the principal of and interest
on the Bonds shall be deposited in the Bond Fund.
SECTION XV. Refundinq of the Refunded Bonds.
(a) Appointment of Refunding Trustee. Key Bank of
Washington, of Tacoma, Washington, is appointed the Refunding
Trustee or Escrow Agent and is herein called the Refunding Trustee.
(b) Acquisition of Acquired Obligations. All of the proceeds
of the sale of the Bonds except for the accrued interest received,
if any, which shall be deposited in the Bond Fund, shall be
deposited immediately upon the receipt thereof with the Refunding
Trustee to discharge the obligation of the City to carry out the
Refunding Plan by providing for the payment of the amounts required
to be paid by the Refunding Plan. To the extent practicable, such
obligations shall be discharged fully by the Refunding Trustee�s
simultaneous purchase of United States Treasury Certificates of
Indebtedness and/or Notes--State and Local Government Series or
other direct, noncallable obligations of the United States of
n n
America (the Acquired Obligations ) , bearing such interest and
0088859.02
-11-
ORDINANCE NO. 4409
maturing as to principal and interest in such amounts and at such ,
times so as to provide, together with a beginning cash balance, if
necessary, for the payment of the amounts required to be paid by
the Refunding Plan. The Acquired Obligations are listed and more
particularly described in Schedule A attached to the Refunding
Trust or Escrow Agreement between the City and the Refunding I
Trustee, but are subject to substitution as set forth below. 'I
(c) Substitution of Acquired Obligations. Prior to the
purchase of any such Acquired Obligations, the City reserves the
right to substitute other direct, noncallable obligations of the
United States of America (��Government Obligations") for any of the
Acquired Obligations and to use any savings created thereby for any
lawful City purpose if, (a) in the opinion of Foster Pepper &
Shefelman, the City's bond counsel, the interest on the Bonds will
remain excluded from gross income for federal income tax purposes
under Sections 103, 148 and 149 (d) of the Code, and (b) such
substitution shall not impair the timely payment of the amounts
required to be paid by the Refunding Plan, so verified by an
independent nationally recognized firm of certified public
accountants.
After the purchase of the Acquired Obligations by the '
Refunding Trustee, the City reserves the right to substitute
therefor cash or Government Obligations subject to the conditions
that such money or securities held by the Refunding Trustee shall
be sufficient to carry out the Refunding Plan, that such
substitution will not cause the Bonds to be arbitrage bonds within
, 0088859.02
I -12-
ORDINANCE NO. 4409
the meaning of Section 148 of the Code and regulations thereunder �
in effect on the date of such substitution and applicable to !
obligations issued on the issue date of the Bonds, and that the I
City obtain, at its expense: (i) verification by an independent
nationally recognized firm of certified public accountants
acceptable to the Refunding Trustee confirming that the payments of !,
principal of and interest on the substitute Acquired Obligations,
if paid when due, and any other money held by the Refunding Trustee I
will be sufficient to carry out the Refunding Plan; and (2) an
opinion from Foster Pepper & Shefelman, bond counsel to the City,
its successor, or other nationally recognized bond counsel to the
City, to the effect that the disposition and substitution or
purchase of such securities, under the statutes, rules and
regulations then in force and applicable to the Bonds, will not
cause the interest on the Bonds or the Refunded Bonds to be �
included in gross income for federal income tax purposes and that
such disposition and substitution or purchase is in compliance with �
the statutes and regulations applicable to the Bonds. Any surplus
money resulting from the sale, transfer, other disposition or
redemption of the Acquired Obligations and the substitutions
therefor shall be released from the trust estate and transferred to
the City to be used for any lawful City purpose.
(d) Administration of Refunding Plan. The Refunding Trustee
' is authorized and directed to purchase the Acquired Obligations (or
substitute obligations) and to make the payments required to be
made by the Refunding Plan from the Acquired Obligations (or
0088859.02
-13-
ORDINANCE NO. 4409
substitute obligations) and money deposited with the Refunding
Trustee pursuant to this ordinance. All Acquired Obligations (or
substitute obligations) and the money deposited with the Refunding ��
Trustee and any income therefrom shall be held irrevocably,
invested and applied in accordance with the provisions of Ordinance
No. 3986, this ordinance, Chapter 39.53 RCW and other applicable
statutes of the State of Washington, and the Refunding Trust
Agreement. Al1 necessary and proper fees, compensation and
e�enses of the Refunding Trustee for the Bonds and all other costs
incidental to establishing the escrow to accomplish the refunding
of the Refunded Bonds and costs related to the issuance and
delivery of the Bonds, including bond printing, rating service
fees, verification fees, bond counsel's fees and other related
expenses, .shall be paid out of the proceeds of the Bonds.
(e) Authorization for Refunding Trust or Escrow Aqreement.
To carry out the Refunding Plan provided for by this ordinance, the
Mayor or Finance Director is authorized and directed to execute and
deliver to the Refunding Trustee a Refunding Trust or Escrow
Agreement substantially in the form on file with the City Clerk and
by this reference made a part hereof, setting forth the duties,
obligations and responsibilities of the Refunding Trustee in
connection with the payment, redemption and retirement of the
Refunded Bonds as provided herein and stating that the provisions
for payment of the fees, compensation and expenses of the Refunding
Trustee set forth therein are satisfactory to it. Prior to
executing the Refunding Trust or Escrow Agreement, the Mayor or
0088859.02
-14-
ORDINANCE NO. 4409
Finance Director is authorized to make such changes therein which
do not change the substance and purpose thereof or which assure I�
that the escrow provided therein and the Bonds are in compliance
with the requirements of federal law governing the exclusion of
interest on the Bonds from gross income for federal income tax
purposes.
SECTION XVI. Call for Redemption of the Refunded Bonds. The ,
City calls for redemption on June 1, 1996, all of the Refunded
Bonds at par plus accrued interest. Such call for redemption shall
be irrevocable after the delivery of the Bonds to the initial
purchaser thereof. The date on which the Refunded Bonds are called
for redemption is the earliest date on which those Refunded Bonds
may be called for redemption.
The proper City officials are authorized and directed to cause
the fiscal agencies to give such notices as required, at the times
and in the manner required by Ordinance No. 3986 in order to effect
the redemption prior to their maturities of the Refunded Bonds.
SECTION XVII. City Findings with Respect to Refundinq. The
City Council finds and determines that the issuance and sale of the
Bonds at this time will effect a saving to the City and its
taxpayers and is in the best interest of the City and in the public
interest. In making such finding and determination, the City
Council has iven consideration to the fixed maturities of the
g
Bonds and the Refunded Bonds, the costs of issuance of the Bonds
and the known earned income from the investment of the proceeds of
' the issuance and sale of the Bonds and other money of the City used
0088859.02
-15-
ORDINANCE NO. 44b9
in the Refunding Plan pending payment and redemption of the II
Refunded Bonds.
The City Council further finds and determines that the money
to be deposited with the Refunding Trustee for the Refunded Bonds
in accordance with Section XV of this ordinance, together with
known earned income from the investments thereof, will be
sufficient to carry out the Refunding Plan and discharge and �i
satisfy the obligations of the City under Ordinance No. 3986 with
respect to the Refunded Bonds and the pledges, charges, trusts,
covenants and agreements of the City therein made or provided for
as to the Refunded Bonds and that the Refunded Bonds shall no
longer be deemed to be outstanding under such ordinance immediately
upon the deposit of such money with the Refunding Trustee.
SECTION XVIII. Approval of Bond Purchase Contract. Seattle-
Northwest Securities Corporation of Seattle, Washington, has �
presented a purchase contract dated July 19, 1993 (the "Bond
Purchase Contract") , to the City offering to purchase the Bonds
,� under the terms and conditions provided in the Bond Purchase
Contract, which written Bond Purchase Contract is on file with the
City Clerk and is incorporated herein by this reference. The City
Council finds that entering into the Bond Purchase Contract is in
the City's best interest and therefore accepts the offer contained
therein and authorizes its execution by City officials. I
The Bonds will be printed at City expense and will be
delivered to the purchaser in accordance with the Bond Purchase
Contract, with the approving legal opinion of Foster Pepper &
0088859.02
_1�_
ORDINANCE NO. 4409 I
Shefelman, municipal bond counsel of Seattle, Washington, regarding I,
the Bonds printed on each Bond. Bond counsel shall not be required '
to review and shall express no opinion concerning the completeness
or accuracy of any official statement, offering circular or other ,
sales material issued or used in connection with the Bonds, and
bond counsel�s opinion shall so state.
The proper City officials are authorized and directed to do
everything necessary, including reviewing and executing the final
official statement, for the prompt delivery of the Bonds to the
purchaser and for the proper application and use of the proceeds of
the sale thereof.
SECTION XIX. Preliminary Official Statement Deemed "Final" .
The City Council has been provided with copies of a preliminary
official statement dated July 8, 1993 (the "Preliminary Official
Statement") , prepared in connection with the sale of the Bonds.
For the sole purpose of the purchaser's compliance with Securities
and Exchange Commission Rule 15c2-12 (b) (1) , the City "deems final"
that Preliminary Official Statement as of its date, except for the
omission of information as to offering prices, interest rates,
selling compensation, aggregate principal amount, principal amount
per maturity, maturity dates, options of redemption, delivery
dates, ratings, and other terms of the Bonds dependent on such
matters.
SECTION XX. Tem orar Bond. Pendin the ri t'
p y g p n ing, execution
and delivery to the purchaser of definitive Bonds, the City may
cause to be executed and delivered to the purchaser a single
0088859.02
_17_
ORDINANCE NO. 4409
temporary Bond in the total principal amount of the Bonds. The
temporary Bond shall bear the same date of issuance, interest
rates, principal payment dates and terms and covenants as the
definitive Bonds, shall be issued as a fully registered Bond in the
name of the purchaser, and otherwise shall be in a form acceptable
to the purchaser. The temporary Bond shall be exchanged for
definitive Bonds as soon as they are printed, executed and
available for delivery.
SECTION XXI. Effective Date of Ordinance. This ordinance
shall be effective upon its passage, approval and five days after
publication ,
PASSED by the City Council this 19th d of July, 1993 .
-
Marilyn etersen, City Clerk
APPROVED BY THE MAYOR t i 19th day of July 1993 .
a er, May r
Approved as to Form:
�
Date of Publication: July 23, 1993
0088859.02
-1$-
i ,
� • ORDZNANCE NO. 4409
' I; MARILYN J. PETERSEN, City Clerk of the City of Renton,
Washington, certify that the attached copy of Ordinance No. 4409 is
a true and correct copy of the original ordinance passed on the ,
19th day of July, 1993, as such ordinance appears on the Minute
Book of the City.
DATED this 19 day of July, 1993.
.
�
MARILYN TERSEN, City Clerk
0088859.02