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HomeMy WebLinkAboutRES 1675 �- � , - - � • - - ` . ' � DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT HUo-�t722 • „ •, � �(11-65) � C��s .. . . � . RESOLUTION NO. ACCEPTANCE OF THE OFFER WI-�REAS, there has been filed with the Government in behalf of THE CITY OF RENTON (Legal corporate nawe of applicant) �"�� 1 5 196� (herein called the Applicant) an application, Project Number P F'L 2� , dated , for Federal assistance La►der the Public Facility Loans Program, Public Law 345, 84th Congress, as amended, and the United States of America, Secretary of Housing and Urban Development, has trans- mitted to the Applicant for acceptance an Offer dated Februaz'y 5 , 1970 of Federal assist- ance in connection with the Project referred to in said application and described in said Offer; and W[�REAS, said Offer has been fully considered in accordance with all perti.nent rules of pro- cedure and legal requirements, and made a part of the Applicant's public records; and V14iERFAS, it is deemed advisable and in the public interest that said Offer be accepted; NC1VV, �xcn, be it Resolved by �YOR AND CITY COUNCIL (Nan�e of applieant's governing 6ody) that the said Offer, a true and correct copy of which, including the Special Conditions, Bond Specifications and the Terms and Conditions, is hereto attached, be and the same hereby is ac- , cepted without reservation or qualification. � Passed by the aforementioned governing body of the Applicant on the �� day of March 19 7 0 . �/�w/ /,� ��� / .L- Helmie W. Nelson, City Clerk Date March 19 7 0 (Signed) , nn�7`,f""'� (Nawe f Officer equired to Approve) Title: Averv Garrett , Mavor Approved as a Valid Acceptance of the above-mentioned fer �� ��i'"""''+ � (Attorney at Law) � Previous Editions Obsolete � ` FHLHH-Washinglon,D.C. _ _. _ y --� a . . � ► . t � ,<1 � � � • ' • ` � - DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT � � ' � � REGION VI NORTHWEST AREA OFFICE ` � Second Floor Arcade Plaza Building � Second and Union �y�� ��tle, Washington 98101 o� �� January 30, 1970 � ��� �/�"�nonorable Avery Garrett Mayor, City of Renton City Hall Renton, Washington 98055 ,�, � � � �. Dear Mayor Garrett: �`� Subject: PFL-Wash-27, City of Renton I am pleased to advise you that your application for a Public Facility Loan in the amount of $427,500 has been approved. The Offer and Acceptance documents will be forwarded shortly. The enclosure "Project Summary and Approval" sets forth the approved cost estunate for the project and the method of financing. The tabulation of estiunated project costs represents the budget for the project and the City is responsible for keeping costs within the individual line items. No line item may be exceeded nor amounts be transferred between line items, including in and out of the project contingency line item, without prior HUD concurrence. We recognize that it may be necessary to revise the approved cost estunates from time to time. This procedure will be explained in the forthcoming instruetional -�aterial and by our Area Engineer in a meeting that will be arranged with you. At the time of Loan Agreement execution, you will be advised of the next stegs to be taken. Sincere , /// /� �` �✓ v�� L ���L f��_. M. Perry HObbs Acting Director Enclosure cc: Mr. Jack Wilson, with enclosure MAYU;-=�� C7F�F IC:� hL � � IV� D ��� 2 1970 Ni�►YOR _ � � � , HUD-1719 ' � � ' • � ' - rFormerl�CF'AhT191 ' �• t ~ � 1. PROJECT NO. . � ; DEPARTMENT•OF HOU9ING AND UItBAN DEVELOPMENT ' • ' , . . PFL-Wash-27 , i I ' . Public Facility Loans Program 2• TVPE OF PROJECT � ' •s • , . . PROJECT SUMMARY AND APPROVAL O w�TER �s�wcre Q a�s � . � Q OTHEh(Speclfy) 3, NAME AND ADDRESS OF APPLICANT , `; " 4. LOCATION OF PROJECT (Includ�county) City of Renton City Hall , �, ' Renton, Kine Countv. Wa�gtpn 200 Mill Avenue SOUttl � 5, REDEVEIOPMENT AREA STATUS Renton, Washington 98065 , � . Q No p vss � 6. BRIEF PROJECT DESCRIPTION (Id�tUltr awJor campon�nt��nd roehether eh�projeat 1�»pl�o�mu�t,�dt!/doey or hnyrotim�nt ot�n�tl�fln/fiollltrj Extension of, an exieting aewer system to an unaewered area ' � . � � ' , ! � I � . , � . . . • . � , ' , . � 7. PROJECT NEED(De�cr/be Inedequecle� to be corrected and�/QnJttcence of pro/ect!n terms of he�/th�nd tvsll�n ol th�community.) The prpject will eliminate an active health hazard by providing aewers to an area which , has about a 65 percent rate .of eeptic tank failures. The area is residential in nature and presently is restricted from further development until the septic tank failure problem is 8olved. Tlae project wil�, according�.y, contrib.ute greatly to the orderly ' developmeat of this induatrial community. � . . , . 9. METHOD OF FINANCING PERI00 If1TERE5T , ' � � , AMOUNT (YEARS) RATE (Al fel (C'1 a. Federal loan: ` , (1)General Obligation Donds . I = I I % (2) Revenue Donds ' � � � ' � % � . (3) Assessmenc I3onds � 427.500 . � � 12 � 5 Snd 3/8 % (4) Total Federal loan ' � i % � � � . � b. Other Borr�ovings ' � � I 7• c. Ocher Sources: Cash Assessment Pa,,yment ' I �9R I 7• � � . I d. Total ' • , I.$ � 9. CONSTRUCTION SUMMARY ' a. Preliminary F.xpense ' I : �500 ' Distribution• b. Land and Rights-of-way � � 3.Q00 �� CRDA� CD , c. Construction ' I� 3LLli_9(�Q_ pFS&S, CO � d. Architect/Engineer Services , , I . 6AF� R� (t) F��S ' 6AA, RO (2) (2) Resident [nspeccion ' � NWAO Pro]eCt F�le (3>s����yg ' I � Legal (2) � (.$) �ia�;�Bg . � Engineering (5)s�bcocal Area Engineer � e.,Legal F.xpenses � 5.nQQ_ 1,08R Management f. Administrative F.xpenses - � ( Control ��� I� g. Interest During Construction . _ � � . h. Interest During Development ` � i. Other Fquipment, Materials and Supplies ' I ���� j. Projecf Contingency , � 7_7�_ k. , Subtotal � S G.�� q9R L �Government Fie1d Expense � 3 � m. Total Estimated Projecc Cost 10. CONSTRUCTIO�1 TIME SCHEDULE � I a. Eatimated time efter approva! of application: ' 1 To com icto final lans and a ecifications 130 ia a, � � ) P P P Y � (2)To atart conacruction h montha. , b. Estimated conacruction period � muntha: , � ; '�