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HomeMy WebLinkAbout00046 MINUTES OF REGULAR SESSION OF MARCH 19, CONTINUED. (4)Section 8. That there be and is hereby, created another special fund of the city to be known as "Port Townsend 1957•1,later Revenue Bond Redemption Fund" (hereinafter called the "Bond Redemption Th Fund"),'which fund is to be,drawn upon for'the sole purpose of -paying this 9 j George the principal of and interest on the Bonds. as and binds itself to set aside The city hereby obligat{ Of and pay into the Bond Redemption Fund out of the money in the Water Abraham and Si( Revenue Fund certain fixed amounts necessary to pay the principal o and interest on'the Bonds as the same respectivelybecome due and T payable. Suoh payments shall be made into the Bond Redeption Fund Muolle the Me on or before the twentieth day of each month in the amounts herein Counci after specified: (a) Beginning with the month of April, 1957, and continuing as long as any of the bonds are outstanding and unpaid, an amount equal filed. to 1. at least one -sixth of the interest to become due and payable on the next interest payment date on all the Benda then outstanding. and rei (b) Beginning with the month of April, 1957, and continuing that a: .. outstanding and unpaid, an amount equal I by Cour as long as any of the bonds are Chief < voted i to at least one -twelfth of the principal of the Bonds to become due and payable on the next principal payment date. Th Whenever there is sufficient money in the Bond Redmption Mr Fund and the Reserve Account hereinafter created to pay the principal MV then no further pay- Bl of and interest on all of the Bonds outstanding, i ap ments need be made into the Bond Redemption Fund. He Ci Said amounts so pledged to be paid into the Bond Redemption De Fund and the Reserve Account hereinafter created are herein declared her. to be a prior lien and charge upon the money in the Water Revenue Wo Fund superior to all other charges of any kind or nature except the B1 necessary coat of maintenance and operation of the system. i Section 9. There is hereby created a Reserve Account in in called the "Reserve AeeouiW') and the Bond Redemption Fund (here the city hereby agrees that it will set aside and pay into said P•: Reserve Account out of the monies in the Water Revenue Fund by li iApril 1, 1957, the sum of $14,000. buildin 7. the off . GALL FOR BIDS WATER DEPARTMENT CITY OF PORT TOWNSEND WASHINGTON Plans, Specifications, Proposal, Contract. and Bond Form, Gencral Roleasa The work herein outlined and described for fabrication, furnishing and delivering at the point of installation 6,880 linear foot of 30-inch I.D. Welded Steel pipe, in lengths of 40 feet, coal tar coated and asbestos-wmapped, replacing Rn equivalent size and section of wood stave transmission Main in the Olympic Gravity System Pipe line, located approxi- mately 11 miles southwest from Crocker Lake in Jefferson Councy, from station 1048 plus 47 to station 1092 plus 00, and from Station 1227/ plus 47 to Station 1252 plus 47. A supplementary replacement consisting of fabrication and delivery of 7800 linier feet of 28"-inch I.D. Welded Steel Pipe, in lengths of 40feet, coal tar coated and asbestos - wrapped, replacing an equal section of 24-inch Wood Stave Transmission Main in the Olympia Gravity System Pipe Line, located approximately 1 mile northeast frosi the Olympic Highway crossing near Crocker Lake from station 1205 plus 47 and from Station 1252 plus 47 to Station 1308 plus 00, all a3 shown on the approved plans and attached specifications. Mayor _ City Attorney iAV 3- 04D Ci 1 e i ,a si e i J i MINUTES OF REGULAR SESSION OF MARCH 19, CONTINUED. Each bid to be enclosed in a sealed envelope bearing the super-scription"Proposal for furnishing and delivering 28-inch and 30-inch Steel Pipe under Contract W.T.R. No.of 1967." CALL FOR BIDS NOTICE is hereby given that the City of Port Townsend, Washington, will receive sealed proposals up to MO P.M. on April 16, 1957, at the office of the City Clerk, Port Townsend, Washington, to be opened a�-t�io regular session of the City Council, to be held Upon that date for furnishing and delivering at trench aide , the following material at the point of installation: 6680 Linier feet of 30" I.D. x 2" Electric Welded Steel •Pipe, coal tar coated and asbestos wrapped, together with the necessary couplings and welded steel plate reducing connection in the vicinity of and approximately 1 k miles southwest of the Olympic Highway Crossing near Crocker Lake in Jefferson County, along the Olympic Gravity Pipeline Right- of-way. 7800 Linier feet of 28" I.D. x h" Elect is Melded Electric Steel Pipe coal tar coated and asbestos -wrapped, together with -,the neceissary couplings and welded steel plate re- ducing connections in the vicinity of and allproximately 1 mile northeast from the Olympic highway crossing near Crocker Lake, along th!p Olympic Gravity Pipe Line Right -of -Way. All pipes to be fabricated in lengths of 40 feet, shall be furnished with a flexible coupling for each length, and shall conform with the adopted specifications. Each bid shall be in accordance with the plans and specifications and other contract documents now on file in the office of the City Clerk at Port Townsend, Washington, where copies may be obtained by depositing the sum of five dollars ($5.00) for each set. Deposit will be refunded upon the return of the plans and specifications in good condition. Each bid shall be accompanied by a certified check, cashier's check or bid bond made payable to the order of the City Treasurer of Port Townsend, in the sum of 5% of the amount bid, to be forfeited to the City of Port Townsend by the successful bidder in case he fails to enter into contract, file an acceptable surety Bond in the sum of 100% of the Contract price, to fill conditions of said Contract within ten (10) days of the date of award. The City reserves the right to reject any or all bids and to waive all informalities in the bidding. Dated this 19th day of March 21957 ( S ) ,7tssaph G: an J sopiiG. Ran City Clerk It was moved by Councilman Siebenbaum and seconded by Councilman Steve that the City Clerk be authorized to publish the above call for bids. Upon roll call vote all seven Councilmen present voted in the affirmative and motion carried. COMMUNICATION AND ORDINANCE PRESTON, THORGRI14SON & HOROWITZ ATTORNEYS AT LAP! NORTHERN LIFE TOWER SEATTLE 1, March 18, 1957 Mr. Joseph G. Ryan City Clerk Port Townsend, Washington He: Port Townsend Water Revenue Bonds, April 1, 1957-4100.000 Dear Mr. Ryan: After I read Ordinance No. 1330, I decided that the same should be clarified by amending Section 1 to clearly show that thr. wggid " System" as used throughout th:e ordinance meant all the water supply anddristiibution system of the city but that portion leased to Crown Zellerbach. I alsoo''decided that the use of the words " Water Revenue Fund" throughout the ordinance was slightly confusing and that we should show clearly that such words referred to the fund of the City under its true name, to -wit: "Olympic Gravity Water Fund". Therefore, please find enclosed original and three copies of an ordinance amending Section 1 of Ordinance No. 1330 to clarify these two matters. Will you please have the same introduced at the regular meeting of the l9th and then passed at the regular meeting of April 2nd. If in your opinion this ordinance can be passed at the same meeting of its introduction, we will accept this proceedure, as that is the proceedure that appears to have been -followed in the adoption of Ordinance No. 1330. Will you then please send us as soon as possible a completed and certified copy of thi ordinance, along with an affidavit of its publication and certified excerpts of the minutes of the meeting showing the adoption of the ordinance. Will you also pleas send us oertified excerpts of the minutes of the meeting of March 5, 1957 showing the adoption of Ordinance Mo.1330, and a certificate from the treasure setting forth the principal amount and date of issue of all water revenue bonds of the city outstanding. We have sent the bond form to the printer, and imagine that you will have the bonds in about two weeks 8or sealing and execution. Will ,you please phone me or drop me a line immediately giving me a number that the enclosed ordinance will bear.