HomeMy WebLinkAboutORD 2929 . s. � - .
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CITY OF RENTON, WASHINGTON
ORDINANCE N0. 2929
AN ORDINANCE OF THE CITY OF RENTON PROVIDING
FOR THE ACCEPTANCE OF A CERTAIN GRANT BY THE
DEPARTMENT OF SOCIAL AND HEALTH SERVICES AS
PARTIAL FUNDING OF THE CITY' S TALBOT HILL
STORAGE FACILITY; AUTHORIZING EXECUTION OF
AGREEMENTS .
BE IT ORDAINED BY THE MAYOR AND THE CITY COUNCIL OF
THE CITY OF RENTON, WASHINGTON, AS FOLLO[aS :
SECTION I : The City of Renton, a Municipal corporation,
operating as a non-charter code city under the laws and statutes
of the State of Washington has heretofore applied for certain
grants under State of Washington Referendum No. 27 for the purpose,
among others , of improving the water quality and control of its
facilities . The .Department of Social and Health Services , State
of Washington, is agreeable to make such a grant in the sum of
$355 , 200. 00 which said grant constitutes forty percent (40Q/o) of
the total costs to improve the City' s Talbot Hill Storage by
construction of a six million gallon reservoir.
The City is willing to provide adequate funds to
cover the remaining sixty percent (60'/0) of said total costs ,
i
ncluding all non-eligible items .
SECTION II : The City hereby agrees to accept that certain
offer of grant made by the Department of Social and Health Services ,
State of Washington, in the sum of $355, 200. 00 and said funds to be
used exclusively by the City for the improvement of its Talbot Hill
Storage facilities �by construction of a six million gallon reservoir
thereat.
The City further agrees to finance and provide from
its Waterworks Utility the remaining sum for said project , to-wit :
the sum of $532, 800. 00 and the interim financing therefor to be
secured from said Water Utility. The permanentfinancing of said �`'"
project to be derived from the proceeds of sale of revenue bonds
to be issued by said Water Utility.
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The City likewise agrees to pay and be responsible
for all other non-eligible costs in connection with or related to
said specified improvements at the Talbot Hill Storage facility.
SECTION III : The Mayor and the City Clerk are hereby
authorized and directed to execute any and all agreements with the
aforementioned State agency in order to consummate the above
transaction.
PASSED BY THE CITY COUNCIL this 5th day of May, 1975.
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De ores A. Mead, CitEy�
APPROVED BY THE MAYOR this 5th day of May, 1975 .
D/►,vt Ur(
A ery Ga�ett , yor '
Approved as to form:
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Ge"rard P�I. Shellan, City Attorney
Date of Publication : 5-9-75
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