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HomeMy WebLinkAbout1979-2327 ORDINANCE NO. 6 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 spec- ial election to be held November 6, 1979, of the proposition of whether or not the city should issue its general obligation bonds in the aggregate principal amount of $3,500,000 for the purpose of providing funds to acquire, con - struct and improve parks and recreation facili- ties for the city. WHEREAS, it is deemed necessary and advisable by the City Council of the City of Yakima, Washington (the "City"), that the City make certain capital improvements to the parks and recrea- tion facilities of the City; and WHEREAS, in order to provide funds to pay the cost thereof it is deemed necessary and advisable that the City issue and sell its general obligation bonds in the aggregate principal amount of $3,500,000; and WHEREAS, the Constitution and laws of the State of Washington provide that the question of whether or not the City may issue such bonds for such purpose must be submitted to the qualified . electors of the City for their ratification or rejection; NOW, THEREFORE, BE IT ORDAINED by the City Council of the City of Yakima, Washington, as follows: Section 1. It is hereby found and declared that the welfare of the inhabitants of the City requires the City to acquire, construct and improve parks and recreation facilities for the City as follows: 1® Larson Park Construct and install picnic facility /shelter, tennis lights, sports complex and restroom 2m Neighborhood 15 Acquire recreation /park complex • 3. Gardner Park Construct and install fencing, area lighting, automatic irrigation, landscaping, picnic facility/shelter, parking, multi-purpose court and wading pool 4. Irrigation Systems Construct and install automatic irrigation systems at Elks Park, Fisher Golf Course, Franklin Park, Gilbert Park and Kiwanis Park • 5. Chesterley Park (40th & River Road) Construct and install ballfields, soccer fields, irrigation system, parking lots, restrooms and playground and do necessary grading 6. Randall Park Construct and install ballfield and soccer field ' complex, landscaping, fencing, lighting, parking, • ,playgrounds and irrigation system and well and do necessary grading 7. Neighborhood Parks Acquire neighborhood parks in Neighborhoods 7, 9, 11 and 19. 8. • Greenway Park Acquire park lands along the Yakima River 9. Gailleon Park Construct and install irrigation, landscaping, play- ground and picnic area 10. Franklin Park Construct and install restrooms and wading/spray pool 11. Lions Park Construct and install pool cover and multi-purpose Court 2. Milroy Park Construct and install picnic shelter 13. Miller Park Construct and install picnic shelter 14. Elks Park Construct and install picnic shelter and cover irrigation ditch 15. Landscaping 111 Install landscaping at Kiwanis Park and Walter Ortman Parkway -2- 16. Parking Lot Surfacing 111 Surface parking lots at Elks Park, Kiwanis Park and Randall Park 17. Energy Conservation Install solar heaters at Miller, Washington, Franklin 0 and Eisenhower Pools and install heat pump at Lions Pool • Certain of such improvements are more fully set forth in the. City of Yakima Park and Recreation System Plan now on file with th e City. The foregoing improvements shall be made with such changes of the details thereof as the City Council shall approve. To provide funds to pay the cost thereof, the City shall • issue and sell its general obligation bonds in the aggregate 0 principal amount of $3,500,000. The balance of the cost of said • improvements, if any, may be paid out of any moneys which the City now has or may later have on hand which are legally available and authorized by the City Council to be expended for such purposes and out of any State of Washington or federal grants of money received for such purposes. None of said bond proceeds shall be used for the replacement of equipment or for any other than a capital purpose. In the event the proceeds of the sale of said bonds, plus any or all of the other moneys above-described, are insufficient to make all of the capital improvements hereinbefore provided for, the City 411 shall use the available funds for paying the cost of those improve- ments deemed most necessary and in the best interests of the City by the City Council. Section 2. Said bonds shall be sold at such time or times as deemed necessary and advisable by the City Council and as permitted y law, shall bear interest at a rate of not to exceed the maximum rate permitted at the time said bonds are sold, and shall mature sc4ially within 20 years from date of issue. Both principal of 411 and interest on said bonds shall be payable by annual levies in excess of regular property tax levies to be made upon all the taxable property within the City. The exact date, form, terms and maturities of said bonds shall be as hereafter fixed by the City Council. Section 3. It is hereby found and declared than an emergency exists requiring the submission to the qualified electors of the City of the proposition of whether or not the City shall issue said general obligation bonds for their ratification or rejection at a special election to be held therein on November 6, 1979. The Yakima County Auditor is hereby requested to call and conduct said special election to be held within the City 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 said proposition to said Auditor in the following form: PROPOSITION NO. YAKIMA PARK & RECREATION BONDS, $3,500,000 To acquire and develop new, and improve existing, parks and recreation facilities of the City, including ball fields, soccer fields, playgrounds, picnic facili- ties, fencing, lighting, irrigation and other facilities, shall the City of Yakima, Washington, issue $3,500,000 of general obligation bonds payable, both principal and interest, out of annual property tax levies in excess of regular levies, maturing within twenty years from date of issue? BONDS, YES /1 BONDS, NO / The City Clerk is hereby authorized and directed to deliver a certified copy of this ordinance to the Yakima County Auditor. PASSED by the City Council of the City of Yakima, Washington, regular meeting thereof held on the // of 1979. CITY OF YAKIMA, WASHINGTON By 1 6 , 269207V141 Mayor TTEST: Cit,/ Clerk / PUBLISHED: -4-