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HomeMy WebLinkAbout00050 minutes of the meeting showing the adoption of the ordinance. (3)t. r r t. e• , �., ` CCU <, e7 � f , JX/ yJ. �•1- p O n i7• 4 `�j, A: N T. this 15 George of Abraher and Si T Muelle the Me Counci T filed. A: and rat that at by Cour Chief c voted i Th Mr Mr Bl ap. He: Ci' De: her We: Blc P.S t �- zv l,� •...mow � _ _.. � -... ' Immediately preceding the month of delivery 11of such additional or refunding bonds shall have been at least 1.4 times the amount'required each calendar year thereafter for the payment of the principal of and interest on the Bonds outstanding, any revenue bonds which may have been issued on a parity therewith, and such additional or refunding bonds. as used in subparagraph (3)(a) The words "net'incomeY ued as the gross revenue of the Immediately above shall be constr' Smaintenance and operation thereof System less necessary expenses of but before depreciation. Or (3)(b) In the event that the certified audit required in subparagraph (3)(a) immediately above may not be obtained, such additional or refunding bonds may still be issued on a parity with the Bonds and any outstanding bonds if at the time of the issuance of such additional or refunding bonds the city shall have on file a certificate from an independent licensed professional engineer or engineering firm showing that in his or its professional opinion the net income of the System for each future calendar year will equal at least 1.4 times the amount required each such future calendar year for payment of the principal of and interest on the Bonds outstanding, any revenue bonds which may have been issued on a parity therewith, and such additional or refunding bonds. The words "net income" as used in subparagraph (3)(b) strued as the gross revenue of the Immediately above shall be con System, including all additions and improvements thereto and ex- tensions thereof to be constructed or installed out of the proceeds of the sale of such additional bonds less necessary projected expenses of maintenance and operation of the System but before depreciation, and such "net income" may include any increase in revenues to be derived by an increase in water rates authorized by.the Council up to the time of delivery of such additional or refunding bonds. I building 11. the affi-- CALL FOR BIDS WAVER DEPARTMENT CITY OF PORT TOWNSEND ?NASHINGTON Plans, Specifications, Proposal, Contract and Bond Forn, General Release The work herein outlined and described for fabrication, furnishing and delivering at the point of installation 6,860 linear feet of 30-inch I.D. '7Jelded Steel pipe, in lengths of 40 feet, coal tar coated and abbestos-wrapped, replacing an ogvivalent size and section of wood stave transmission Hair in the Olympic Gravity System Pipe line, located approxi- mately 1�- miles southwest fnom Crocker Lake In Jefferson Councy, from station 104E plus 47 to station 1092 plus 00, and from Station 1227y 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 Pine, in lengths of 40feet, coal tar coated and asbestos - wrapped, replacing an equal section of 24-inch 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 A li li I� le I s^• <� li i ai) ' y F e t+, I- az y �i , a , i r i s 4T/ Js ?K - zr°", } e i / f , TT.YI T.' 1,111TUTES OF REGULAR SESSION OF MARCH 19, CONTINUED. Each bid to be enclosed in a sealed envelope bearing the super- a cription" Propos al for furnishing and delivering 28-inch and 30-inch Steel Pipe under Contract W.T.R. No.of 1957." CALL FOR BIDS NOTICE is hereby given that the City of Port Townsend, Washington, will receive sealed proposals up to BiOO P.M. on April 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 , the following material at the point of installation: 6880 Linier feet of 30" I.D. x ," Electric Welded Steel Pipe, coal ter 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. 7600 Linier feet of 28" I.D. x ;".-'Elect is Welded Electric Steel Pipe coal tar coated and asbestos -wrapped, together with -the nec scary 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 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 Cite 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 ) a- aeph G: Ryan J cepan City Clerk It was moved by Councilman Siebsnbaum 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 LAW NORTHERN LIFE TOWER SEATTLE 1, March 18, 1957 ?.Jr. Joseph G. Ryan City Clerk Port Townsend, Washington Re: Port Townsend Water Revenue Bonds, April 1, 1957-$100.000 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 w99rd " System" as used throughout th:e ordinance meant all the water supply anddrigkiibution 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 "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 proceedur, 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 th. ordinance, along with an affidavit of its publication and certified excerpts of the minutes of the meeting showing the adoption of the ordinance. C'ill you also pleas send us obrtified excerpts of the minutes of the meeting of March 5, 1957 showing the adoption of Ordinance NO.1330, and a certificate from the treasur 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. 67 i