HomeMy WebLinkAboutRES 1017RESOLUTION N0. 0 17
WHEREAS the City of Renton, a municipal corporation, has heretofore
passed and approved under date of May 19, 1959 its Resolution No. 1002, a copy
of which is attached hereto and made a part of this Resolution, relative to the
acquisition and transfer of the assets and properties of King County Water District
No. 62 (Earlington Water District), and
WHEREAS the funds of said Water District are presently being held by
the King County Treasurer's Office, said sums consisting of approximately $1391.97
in the "General Bond Redemption Fund" and the sum of approximately $3877.06 in the
District's Maintenance Fund, and
WHEREAS it appears that the sum of approximately $1970.00 is due to
satisfy and pay off the remaining General Obligation Bonds, together with an
allowance of $5.00 for outstanding warrants, NOW THEREFORE,
BE IT RESOLVED BY THE MAYOR AND THE CITY COUNCIL OF THE CITY OF RENTON
AS FOLLOWS:
1. It is hereby found and determined that the above recitals are true
and correct in all respects. The City of Renton hereby authorizes the Treasurer
of King County to transfer the necessary monies and sums from the King County
Water District No. 62 Maintenance and Operation Fund unto the District's General
Obligation Bond Fund for the purpose of having sufficient sums to pay off said
remaining bonded indebtedness; and the. King County Treasmr to likewise retain the
sum of $5.00 or such additional sum as may be necessary to cover outstanding warrants
of said Water District.
2. The County Treasurer is further authorized and directed to forward
unto the City of Renton the remaining balance in the Maintenance Fund of said
Water District, towit the approximate sum of $3294.03, which sum shall be used
by the City of Renton toward the acquisition and placement of additional fire
hydrants within the boundaries of said former Water District No. 62 as more
particularly specified in Paragraph 3 of Resolution No. 1002.
PASSED BY THE CITY COUNCIL this h J __/aay of ctaber, 1959.
VERN H. MORRIS, Ci,y Clerk
1
i
APPROVED BY THE MAYOR this n L� day of October, 1959.
AS TO FORM:
'/Z vlY
/GERARD M. SHELLAN, City Attorney
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F & V
. BAXTER, Mayor