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Home My WebLink About00049 minutes of the meeting showing the adoption of the ordinance. (2)A r,- c. r F warrants of the city that may have a lien upon the money in the ` Water Revenue Fund for the payment of the principal thereof and interest thereon junior and inferior to the lien of such Fund for the payment of the principal of and interest on the Bonds, to issue this 15 George additional or refunding bonds therefor and to create a special fund or itfunds for the payment of the principal thereof and interest thereon into OJ which fund or funds payments may be made out of the Water Revenue Fund Abrahe and S" sufficient to pay the principal of and interest on such additional or refunding bonds and to maintain the reserves required therefor, which such payments may rank equally with the payments out of such Water Iguoll� the Ig' Revenue Fund into the Bond Redemption Fund and the Reserve Account Counc: upon compliance with the following conditions: (1) That at the time of the issuance of such additional or refunding bonds there is no deficiency in the Bond Redemption Fund filed. or the Reserve Account or in any bond redemption fund or reserve account which may have been created for the payment of the principal of and interest on any revenue bonds issued on a parity with the Bonds and re that a and prior to the issuance of such additional or refunding bonds. by Cou Chief (2) That the ordinance providing for the issuance of such voted additional or refunding bonds and providing for the payment of the principal thereof and interest thereon out of a bond redemption fund T shall create a reserve account in such bond redemption fund for the 1i 2 of making up any deficiency therein, and such ordinance shall purpose B. 9 further provide for the payment into such reserve account within five B, from the date of the issuance of such additional or refunding years ' C: bonds of a sum at least equal to the average annual amount required D: for debt service on such additional or refunding bonds. h (3) (a) That at the time of the issuance of such additional 1f+ refunding bonds the city ahall have on file an audit from a certi- B. or fled public accountant showing that the net income of the System for a period of any twelve consecutive months out of the fifteen months P. I1 3O. buildir the .aft C9LL FOR BIDS VATBR DEPf R1770I1dT CITY OF PORT TOW53END IfA311INGTON Puns, Specifications, Proposal, Contract and Bond Form, cereral Release The work herein outlined and described for fabrication, furnishing and delivering at the point of installation 6,880 linear feet of 30-inch _-.D. :folded Steel pipe, in lengths of 40 feet, coal tar coated and asbestos -wrapped, rep2acin7 an ecwivalent size and Beetion of wood stave transmission }gain in the Olympic Gravity System Pipe line, located approyi- mately 1;,� miles southwest from Crocker Lave In Jefferson County, from station 1046 plus 47 to station 1092 plus 00, and from Station 1227/ pl k 47 to Station 1252 pl-ar 47. A supplementary replacement consisting of fabrication and delivery of 7300 linter feat of 28"-Inch I.D. relded Ste-1 Pipe, in lengths of 40feet, coal tar coated and a:;beztos- wtiz•apped, replacing an equal section of 24-inoh 17ood Stave Transmission Yain in the Olympic Gra7ity System Pipe Line, located approximately 1 mile northeast frog the Olympic Eighway crossing near Crocker Lake from station 1205 plus 47 and from Station 1252 plus 47 to Station 1308 plus 00, all as shcwn on the approved plans and attached specifications. Itayor City Attorney N t� �l i� 1 Y.w Y ,�rfVl 'a,it! y r Ya 'Vf �'r t n, r tti fr t A i ,r `r r a� f r , F �3 I - ' r s ' i r 1 c l i f fi 0 r- 4 1i'1HUTES OF REGULAR SESSION OF MARCH 19, CONTINUED. Each bid to be enclosed in a sealed envelope bearing the super-scrlption"Proposal for furnishing and delivering 28-inch and 30-inch Steel Pipe under Contract VI.T.R. No.of 1967." CALL FOR BIDS NOTICE is hereby given that the CJ.ty of Port Townsend, Washington, will receive sealed proposals up to 5100 P.M. on �A_ppr�iil�l 16, 1957, at the office of the City Clerk, Port Townsend, Washington, to be opened a� regular session of the City Council, to be held upon that date for furnishing and delivering at trench side , tha following material at the point of installation: 6680 Linier feet of 30" Z.D. x V Electric tfelded Steel Pipe, coal tar coated and asbestos wrapped, together with the necessary couplings and Yielded steel plate reducing connection in the vicinity of and approximately 1 ?r 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 ;",Elecrgrrsipiximately Yielded Electric Steel Pipe coal tar coated and asbestos -wrapped, together with -the neery couplings and wielded steel plate re- ducing connections in the vicinity of and a 1 mile northeast from the Olympic highway crossing near Crocker Lake, along floe Olympic Gravity Pipe Line Right -of -Way. All pipes to be fabricated in lengths of 40 feet, shell 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, cashiers 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 th:z 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 ) G. Ryan Pp City Clerk It visa 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. CObMUNICATION A11D ORDIiiANCE PRESTON, TEORGRIMSON is HOROWITZ ATTORNEYS AT LAY: HOP.T11MR11i LIFE TOV.ER SEATTLE 1, March 18, 1957 Mr. Joseph G. Ryan City Clerk Port Townsend, '.Wshington Re: Port Townsend Water Revenue Bonds, April 1, 19574100.000 Dear !r. Ryan: After I reed Ordinance No. 1330, I decided that the same should be clarified by amending Section 1 to clearly show that the viyrd " System" as used throughout th:e ordinance meant all the water supply anddri,t"ibution system of the city but that portion leased to Crown Zellerbach. I als 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: "017= ie Gravity Water Fund". Therefore, please find enclosed original and three copies of an oddinance 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. 17ill you also pleas sand us certified excerot3 of the minutes of the meeting of Yarch 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. fie 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