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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.
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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
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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.
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