HomeMy WebLinkAbout1960-169 ORDINANCE NO. 169
AN ORDINANCE of the City Council of the City of Yakima,
• Washington, providing for the submission to the
qualified electors of the city at a special election
to be held therein on November 8, 1960, of a proposition
of whether or not the city should issue its unlimited
tax levy general obligation bonds in the principal sum
of $157,000 for the purpose of providing funds to
acquire land adjacent to the Municipal Airport and
to construct, install and make certain improvements
and additions to the said Airport, and declaring an
emergency.
WHEREAS, it is deemed necessary and advisable and to the
best interests of the City of Yakima and its residents that the
city acquire land on the east side of the Municipal Airport for
the purpose of providing a clear zone, that it install approach
lighting thereon, that it relocate Sixteenth Avenue around said
clear zone, that it construct and equip a second-story addition
on the west wing of the present Administration Building, and
that it landscape the area from Sixteenth Avenue to the Admini-
stration Building, and in order to provide the money for said
purposes that it issue and sell its unlimited tax levy general
obligation bonds in the principal sum of $157,000; and
WHEREAS, the Constitution and laws of the State of Washington
provide that the question of whether or not such bonds may be
issued for such purposes must be submitted to the qualified
electors of the city for their ratification or rejection;
NOW, THEREFORE, BE IT ORDAINED by the City of Yakima:
• Section 1. It is hereby found and declared that the public
property, welfare and safety of the people of the City of Yakima
require the city to acquire land on the east side of the
Municipal Airport for the purpose of providing a clear zone,
to install approach lighting thereon, to relocate Sixteenth
Avenue around said clear zone, to construct and equip a second-
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story addition on the west wing of the present Administration
Building, and to landscape the area from Sixteenth Avenue to
the Administration Building.
411 Section 2. That for the purpose of providing the money
necessary to acquire, construct, install and make such capital
improvements, the city shall issue and sell its unlimited tax
levy general obligation bonds in the principal sum of $157,000.
Said bonds shall bear interest at a rate of not to exceed
6% per annum payable semiannually, and shall mature in from two
to ten years from date of issue in such amounts as will, as
nearly as practicable, together with the interest thereon, be
met by equal annual tax levies for the payment of the principal
thereof and interest thereon. Both such principal and interest
shall be. paid out of annual levies of taxes to be made upon all
the taxable property within the city without limitation as to
rate or amount. The exact date, form, term and maturities of
said bonds shall be as hereafter fixed by ordinance of the city.
Section 3. It is hereby found and declared that an emergency
exists requiring the submission to the qualified electors of the
city of the proposition of whether or not the city should issue
and sell said bonds for such purposes at a special election to
be .held therein on November 8, 1960, in conjunction with the
county and state general election to be held on the same date.
The Yakima County Auditor, as ex officio supervisor of
said county and stategeneral election, is hereby requested to
call and conduct said special election on said date and to submit
to the qualified electors of the city the proposition hereinafter
set forth. The City Clerk is hereby authorized and directed to
certify to the Yakima County Auditor said proposition in the
following form:
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PROPOSITION NO. 6
Municipal Airport Improvement Bonds, $157,000
Shall the City of Yakima, to provide funds to
• acquire land east of Airport to provide a "clear zone"
with necessary approach lighting; to relocate 16th
Avenue around said "clear zone"; to construct and
equip a second-story on west wing of Administration
Building; and to landscape area between 16th and
24th Avenues on Washington, issue general obliga-
tion bonds in the amount of $157,000, said bonds
to bear interest at a rate of not to exceed 6%„
to mature in from two to ten years from date, and
to be paid, both principal and interest, out of
annual tax levies to be made without limitation
as to rate or amount, all as more fully provided
in Ordinance No: 169 of the City?
BONDS, YES . . . . . . .
• BONDS, NO . . . . . . L./
Section 4. For the reason that the statutes of the State
of Washington require that this ordinance become effective and
be certified to the Yakima County Auditor as soon as possible
in order to permit said Auditor to call and conduct the special
• election authorized herein, an emergency is hereby declared to
exist, that this ordinance is necessary for the immediate pre-
servation of the public peace, property, health and safety of
the citizens of Yakima, and the same shall be in full force
and effect immediately upon its passage, authentication and
publication as required by law.
ADOPTED BY THE CITY COUNCIL of the City of Yakima, Washington,
by unanimous vote and APPROVED BY THE MAYOR at a regular meeting
thereof held this 5th day of October, 1960.
CITY OF YAKIMA, WASHINGTON
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By /
---) Mayor -_,...foyf
ATTEST:
411
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