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Home My WebLink About00047 minutes of the meeting showing the adoption of the ordinance.Th this 19 George Of Abrahan and Si, T Muelle the Me Counci M filed. Al and rot that a: by Cou: Chief c voted i Th Mr Mr Bl RP He Ci De hot We; Bll P.: It buildinf the affi when,said.sum has been.paid into The city further agrees, the -Reserve Account, that.it will at all times maintain that amount - therein until there is a sufficient amount in the Bond Redemption Fund and Reserve Account to pay -the principalof, and interest.on:all.of the Bonds outstanding. In the event there•shall be a deficiency in the Bond Redemption Fund to meet maturing installments of either interest on or principal of and'interest on the Bonds, such deficiency shall be made up from the Reserve Account by the.withdrawal of cash therefrom. Any deficiency created in the Reserve Account by.reason of any such with-- drawal shall then be made up from money in the .Water Revenue Fund first available'after.making necessary provision for the required payments into the Bond Redemption Fund. All money in the Reserve Account above provided for may be kept in cash or invested in direct obligations of the United.States rice or maturing not later than ten having a guaranteed redemption p in no event maturing later than the years from date of purchase and last,maturity of the Bonds outstanding at the time of such purchase. Interest earned on any such investments shall be deposited in and be- come a part of the Bond Redemption Fund. Section 10. The corporate authorities of the city hereby declare, in fixing the amounts to be paid into the Bond Redemption Fund and Reserve Account as provided herein, that they have exercised due regard to the cost of maintenance and operation of the System and have not obligated the city to set aside and pay into said Fund and Account a greater amount of the revenue of the System than in their judgment will be available over and above such cost of maintenance and operation., Section 11. The City of Fort Townsend hereby covenants with the owner and holder of each of the Bonds as follows: (a) That it will establish, maintain and collect rates and charges for water service for as long as any of the Bonds and any 91 CALL FOR BIDS WATER DEPARTtENT CITY OF PORT TOWNSEND WASIiINGTON Plans, Specifications, Proposal, Contract and Bond Form, General Role as n The work herein outlined and described for fabrication, furnishing and delivering at the point of installation 6,860 linear fact of 30-inch I.D. Welded Steel pipe, in lengths of 40 feet, coal tar coated and abbestos-wrapped, replacing an equivalent size and section of wood stave transmission Maid in the Olympic Gravity System Pipe line, located approxi- mately lb miles southwest fnom Crocker Lake In Jefferson Councy, from station 1048 plus 47 to station 1092 plus 00, and from Station 12271 plus 47 to Station 1252 plus 47. A supplementary replacement consisting of fabrication and delivery of 7800 linier feet of 2811-inch I.D. Welded Steel Pipe, in lengths of 40feet, coal tar coated and asbestos - wrapped, replacing an equal section of 24-inrh Wood Stave Transmission Main in the Olympic Gravity System Pipe Line, located approximately 1 mile northeast from 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 'I) u L,o I. 1 a r: • 1; 1 c� I 'CII 67 1+ .,". 11INUTES OF REGULAR SESSION OF MARCH 19, CON'r1NU10). 3ach bid to be enclosed in a sealed envelope bearing the super-scription"Proposal for Curnishing and delivering 28-inch and 30-inch Steel Pipe under Contract W.T.R. No -of 1967.11 CALL FOR BIDS NOTICE is hereby given that the City of Port Townsend, Washington, will receive sealed proposals up to Bi00 P.M. on April 16, 1957, at the office of the City Clerk, Port Townsond, Washington, to be opened al=e regular session of the City Council, to be held apon that date for furnishing and delivering at trench side , the following material at the point of installation: 6880 Linier feet of 3011 I.D. xb," 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- 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 2811 I.D. x ;'!'Elect is Welded Electric Steel Pipe coal tar coated and asbestos -wrapped, together with -the necary couplings and welded steel plate re- ducing connections in the vicinity of and arlproximately 1 mile northeast from the Olympic highway crossing near Crocker Lake, along the 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 Fort 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 $1957 ( S ) .'Fosoph G: Ryan J asp i—L G. R..an 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, THORGRIMSON & HOROWITZ ATTORNEYS AT LAW NORTHERN LIFE TOWER SEATTLE 1, March 18, 1957 yir. Joseph G. Ryan City Clerk Port Townsend, ,Vashington Re: Port Townsend Water Revenue Bonds, April 1, 1957-R100.000 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 the w rd 11 Systemtl as used -throughout th:e ordinance meant all the water supply anddrist�ibution system of the city but that portion leased to Crown Zellerback. 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 19th 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 oibrtified excerpts of the minutes of the meeting of March 5, 1957 showing the adoption of Ordinance No.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 for sealing and execution. Will ,you please phone me or drop me a line immediately giving me a number that the enclosed ordinance will bear. i