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Home My WebLink About1996-041 Public Safety Communications Fund ORDINANCE NO. 96- 41 AN ORDINANCE relating to funds and accounts, creating a Public Safety Communications Fund, designating the sources of revenue and permissible expenditures from such fund, and enacting Chapter 3 115 "Public Safety Communications Fund" and Sections 3 115 010, 3 115 020 and 3 115 030 as new chapter and sections of the City of Yakima Municipal Code BE IT ORDAINED BY THE CITY OF YAKIMA. Section L Chapter 3 115 "Public Safety Communications Fund" and Sections 3 115 010, 3 115 020 and 3 115 030 thereof are hereby ' enacted as a new chapter and sections of the City of Yakima Municipal Code as follows Chapter 3.115 Public Safety Communications Fund Sections 3 115 010 Fund created - Purposes 3 115 020 Source of funds 3 115 030 Expenditures 3.115.010 Fund created -- Purposes There is created a fund to be known as the "Public Safety Communications Fund " Money in this fund shall be expended to pay costs of public safety communications and 9 -1 -1 calltaking 3 115 020 Source of funds From time to time, the City Council shall budget, appropriate or otherwise authorize the transfer of money from any available source into such fund These may include charges to Yakima County for 9 -1 -1 Services, and other resources as deemed appropriate by Council. 3.115 030 Expenditures Expenditures from such fund shall be only for the purposes mentioned in Section 3 115 010 No expenditures shall be made from such fund unless the City Council approves such expenditures by passing an ordinance appropriating money within the fund for the purpose for which the expenditure is to be made, or by including an appropriation for such purpose in the budget. • LEGAL/bd Ordinance Pub. Saf. Comm. lT r r Section 2. This ordinance shall be in full force and effect thirty 0 (30) days after its passage, approval and publication as provided by law and by City Charter PASSED BY THE CITY COUNCIL, signed and approved this day of 1996. L N CHANAN, MAYOR ATTEST CITY CLERK Publication Date - Effective Date 6- °?5 !� LEGAUbd Ordinance Pub. Saf Comm. 4 BUSINESS OF THE CITY COUNCIL YAKIMA, WASHINGTON AGENDA STATEMENT Item No `P For Meeting Of 5/21/96 ITEM TITLE Legislation creating the Public Safety Communications Fund and providing for appropriation in the 1996 Budget. SUBMITTED BY Department of Finance & Budget / Fire Department CONTACT PERSON /TELEPHONE John R. Hanson, Director, 575 -6070 ` K. Alan Chronister, Fire Chief, 575- 60 SUMMARY EXPLANATION Council approved a Resolution authorizing the Yakima County Intergovernmental 9 -1 -1- Agreement, and 9 -1 -1 Support Services Agreement at the March 19, 1996 meeting In order to accomplish the City's Financial /Budget portion of the Agreement, it is necessary to create a new fund, titled "Public Safety Communications Fund ", and to establish a budget for this fund 0 The first Ordinance establishes the Public Safety Communications Fund The second Ordinance establishes the 1996 Budget assuming operations will begin July 1, 1996 Therefore, only 50% of the budget presented in the March Resolution and report is included in this Appropriation Ordinance Additionally, some of the budget line items may vary slightly with more detailed calculations Resolution _Ordinance XX Contract _ Other (Specify) Funding Source APPROVED FOR SUBMITTAL - A --. City Manager STAFF RECOMMENDATION 1) At the May 21, 1996 Council meeting, pass ordinance creating fund, 2) Read Appropriation Ordinance by title only at the May 21, 1996 meeting, 3) pass the Appropriation Ordinance following the second reading at the June 4, 1996 meeting ill BOARD /COMMISSION RECOMMENDATION COUNCIL ACTION Legal /BD Agenda Stmt. 9 -1 1 v, , CITY OF YAKIMA, WASHINGTON WATER AND SEWER REVENUE REFUNDING BONDS, 1996 AN ORDIN ANCE of the City of Yakima, Washington, providing for the refundingt of certain outstanding water and sewer revenue bonds of the Cit\ , authorizing the issuance and sale of water and sewer revenue refunding bonds of the City in the principal amount of not to exceed S4,000,000, to pay the cost of such refunding, fixing the date, form, terms, maturities and covenants of such bonds, and providing the covenants and terms under which the City may issue future water and sewer re‘ enue bonds on a parity with such bonds PASSED ON MAY 21, 1996 Prepared by PRESTON GATES & ELLIS 5000 Columbia Center 701 Fifth Avenue Seattle, Washington 98104 -7078 io TABLE OF CONTENTS 4110 Page ARTICLE I DEFINITION S Section 1 1 Definitions 2 ARTICLE II FINDINGS Section 2 1 Parity Conditions 10 ARTICLE III ISSUANCE OF 1996 BONDS Section 3 1 Issuance of the 1996 Bonds 11 Section 3 2 Execution of Bonds, Validity of Signatures Thereon 11 Section 3 3 Appointment of Bond Registrar 12 Section 3 4 Duties of Bond Registrar 12 Section 3 5 Transfer and Exchange of 1996 Bonds 13 Section 3 6 Mutilated, Lost, Stolen or Destroyed 1996 Bonds 14 Section 3 6 Form of 1996 Bonds 14 ARTICLE IV REDEMPTION OF 1996 BONDS Section 4 1 Redemption Prior to Maturity 14 Section 4 2 Purchase of 1996 Bonds 14 ARTICLE V FUNDS AND ACCOUNTS, DEFEASANCE Section 5 1 Revenue Fund, Priority of Payments 15 Section 5 2 Bond Fund 16 Section 5 3 Defeasance 21 Section 5 4 Refunding of Refunded Bonds 22 ARTICLE VI PARTICULAR COVENANTS OF THE CITY Section 6 1 Rate Covenant 22 Section 6 2 Maintenance and Operation 22 Section 6 3 Sale or Disposition of the System 23 Section 6 4 Liens or Encumbrances 2 -i- NMNOOU DOC 96/05/06 • Section 6 5 Insurance 24 Section 6 6 Books and Accounts 25 Section 6 7 Additions and Improvements 25 Section 6 8 Tax Covenants 25 ARTICLE VII ADDITIONAL BONDS Section 7 1 Additional Bonds 26 Section 7 2 Pledge Effected by Ordinance 28 ARTICLE VIII DEFAULTS AND REMEDIES Section 8 1 Events of Default 30 Section 8 2 Formation of Bondowners Committee 31 Section 8 3 Books of City Open to Inspection 32 Section 8 4 Suits at Law or in Equity 32 Section 8 5 Direction of Actions of Bondowners Committee by Owners of Majonty of Bonds 34 Section 8 6 Suits by Individual Bondowners 34 Section 8 7 Waivers of Default 35 • Section 8 8 Remedies Granted in Ordinance Not Exclusive 35 ARTICLE IX BONDOWNERS MEETINGS Section 9 1 Call of Bondowners Meetings 35 Section 9 2 Notice to Bondowners 36 Section 9 3 Proxies, Proof of Ownership of Second Lien Parity Bonds 36 Section 9 4 Execution of Instruments by Bondowners 37 Section 9 5 Appointment of Officers at Bondowners Meetings 38 Section 9 6 Quorum at Bondowners Meetings 38 ARTICLE X AMENDMENTS TO ORDINANCE Section 10 1 Amendments 39 Section 10 2 Obtaining Approval of Amendments at Bondowners Meeting 40 Section 10 3 Alternate Method of Obtaining Approval of Amendments 42 Section 10 4 Amendment of Ordinance in Any Respect by Approval of All Bondowners 43 Section 10 5 Exclusion of Bonds Owned by City 43 Section 10 6 Endorsement of Amendment on Bonds 43 -11- NMNOOU DOC 96/05/06 ARTICLE XI • MISCELLANEOUS Section 11 1 Undertaking to Provide Ongoing Disclosure 44 Section 11 2 Severability 47 Section 11 3 General Authorization 47 Section 11 4 Prior Acts 47 Section 11 5 Effective Date 48 • • -]]]- NM NOOU.DOC 96 /05/06