HomeMy WebLinkAbout90-047ARESOLUTION NO. ~-V7,4
A RESOLUTION OF THE CITY COUNCIL FOR.THE CITY OF
PORT TOWNSEND SETTING FORTH A STATEmeNT OF INTENT
WITH REGARD TO RESOLUTION NO. 90-03 AND AUTHORIZ-
ING THE CITY CLERK-TREASURER TO DISBURSE FUNDS
~EREAS, the City Council for the City of Port Townsend passed
Resolution No. 90-03 on January 2, 1990, providing for the City to
enter into an interagency leasehold agreement with the Washington
State Parks and Recreation Commission for improvements to and usage
of the historic balloon hangar at Fort Worden State Park; and
WHEREAS, the agreement executed by the City pursuant to that
Resolution provides that the City will reimburse State Parks upon
demand in increments as determined by State Parks, the amount of
$273,000 for costs incurred in renovation and reconstruction; and
WHEREAS, the City's obligation is conditioned upon the City
obtaining a FmHA loan of $250,000 and that State Parks has suffi-
cient funds to proceed with the project and does in fact proceed
with the project to completion so that a certificate of occupancy
is issued; and
WHEREAS, it was the City Council's intent at the time of pas-
sage of Resolution No. 90-03 that the City make and be authorized
to make incremental payments in the form of interim construction
financing pursuant to paragraph 3 of the interagency leasehold
agreement, with the understanding and on condition that the FmHA
loan would subsequently actually be made to the City upon comple-
tion of the project and that State Parks completes the project and
obtains a certificate of occupancy, rather than those two condi-
tions having to be completely satisfied prior to any disbursement
whatsoever of funds by the City; now, therefore,
BE IT RESOLVED by the City Council for the City of Port Town-
send that it is the City Council's intent with respect to Resolu-
tion No. 90-03 and the interagency leasehold agreement executed
pursuant thereto that the City make incremental payments as interim
construction financing, in reimbursement to State Parks upon de-
mand as set forth %n paragraph 3 of the agreement, such payments
to be made with the understanding and on condition that the project
subsequently proceeds to completion so that a certificate of occu-
pancy is issued and the loan proceeds for the FmHA loan in the
amount of $250,000 are then received by the City pursuant to the
loan agreement between the City and FmHA.
BE IT FURTHER RESOLVED that the City Clerk-Treasurer of the
City be and he is hereby authorized and directed to issue the
City's warrant or warrants in payment of the Washington State Parks
and Recreation Commission invoice voucher dated April 30, 1990,
in the amount of $105,900.58, said amount to be paid from the fol-
RESOLUTION - 1 -
lowing funds
Passed by the City Council for the City of Port Townsend and
approved by the Mayor this 25th day of May, 1990.
Attest:
David A. Grove, City Clerk
Appr~d as to/form:
Keith C. Harper, 'City Attorney
Mayor Brent Shirley