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ORD 58-67 INSTALLATION OF ADDITIONAL SOURCE OF WATER ORDINANCl NO, 67 AN ORDINANCE providing for the construction and installa- tion of an additional source of water, extension of water dis- tribution servicet providing for its subsequent operation, maintenance and control, establishing its costs and providing a mode of paysent, providing terms, provisions, covenants and obligations of the Town incident to said payment, creating a special fun~, providing for the sale of warrants, declaring an emergency and authortsing an esergency expenditure in connec- tion therewith. WIIRIAS, the Town of Winslow has been and is operating a muni- cipally owned water s~stem and in the Judgment of its Council it is in the best interest of the public health, safety and welfare that an addi- tional source of water be developed at the earliest possible time to s~xpplement the existing water system which, due to the unprecedented dry an~ hot perio~ experienced this season is no leaget adequate to provide the health, sanitation and fire protection services required, and WBII~AS, said development will consist of establishing a sur- face water collecting basin on the O, L. N~vers property located in a portion of the West ½ of the Souttn, est, of the Northwest ,, Section Township 25 North, Range 2 last, W.M., Kitsap County, installation of pumping equipment and approximately 1,900 feet of water main connecting with an existing line of the present operating systems WIEAS, no general indebtedness is to be incurred by the Town ef Win,low in the acquisition, con,tractions installations saintenanee or operation of such extension, a~ WIIRIAS, it is intended that such project, the reasonable cost of which is estimted to be $8,000.00, shall be paid for by the preoee&s of a sale of revenue warrants, which warrants in such principal amount sh~ll be a claim only against the special fund heroin created. ~l IT ORDAII~D by the Town Council of the T~wn of Win,low in regular session as folle~sX SICTION II There shall be constr~cted and installed at the earliest practicable time, an extension of the Town of Win,low water dis- tribution line from the existing line adjacent to the Sts ~arnabas ~pis- ccpal Church west a distance of approximately 1,900 feet, together with O construction of cellectin~ ~asia ~ infiltration trench ~ instal~tion of ~i~ e~u~ent ~ ap~te~s ~ereto, ~1 in ~cco~ce e~i~er~s preli~ l~s ~retefere ~I0~ 2Z ~e to~ cost of ~ci~ ~1 the fernoil, estimte~, will ~t be in ex~ss of $8,0~, w~ ~11 be pr~ by the is~ce of re~n~ ~r~s ef the Ta of Winsl~ as au~horiz~ b~ tMs ordi~ce, ~CTX0N 3a ~e T~ of Win~ is hereby autho~zed te is~ its ~r2ts as ~rei~ter desc~bed, in t~ prin~ ~ not in ~cess of $8,~00.05, whi~ ~r~ts ~11 b~r interes~ at the rate of f~ ~r~at (~) per ~ ~ble ~lly ~ter ~y t~ ~st of the conerection of ~ c~nstmction project, mr~ts ~d ~terest thereon ~11 not c~sti~te ~ in~bt~s of ~a ~f Winsl~ but ~1 be ~ble ~ ~d eelely ~t of ~d frem a ~ ~t ~ the ~~e ~ roves from ~ system ~ ~ter. ~ION ~ ~t there ~ ~ is hereby cr~te& a ~c~ of the T~ to ~e ~ as °Winzlow A~st let, 19~ Water b~m ~e~tion ~0 w~ f~d is to be ~au upon for the ~lo ~o~ ~ t~ princi~ of ~d interest on t~ ~ter re,m ~r~s autM~ iaod ~roin. ~ ~d ~ter the ~te of iss~ of aid ~ts, a~ as lo~ as ~ of the ~e are ~tst~ ~d ~id, the Ta ~1 set aside aM ~y into ~d War~te ~o~tion ~ ~t of ~tor Reven~ ~ of the T~ crmtod ~y 0ra~ce No, 22, a~ l~st ~y ~8 prior to t~ ro~ectivo hte8 on w~ t~ interest or pr~ oi~l ~d interest of ~d ~rr~ts ~11 becom ~e, ~ts ~ficift to ~y ~ p~nei~l ~ interest, ~CTION ~ ~d ur~t is~e, not in ox~ss of ~,~00.00, ~nsist of oi~t (8) ~r~ta of the bno~mtion of $1,~00.00 n~bered from 1 to 80 both inclusive, dll ~ for a period of eight (8) ~rs from ~te of is~o ~t my ~e ~lod for ~n~ at ~r in invor~ nwaerical ~r~er on an~ interest painsent ~ate. 2aiA warrants shall ~e serial in form and bear interest of the rate ef four percent (~) per annum payable annually after ~ate of issue of ssJ,_d warrants and maturing according to the ~llewi~g schedules 1 $10 000.00 Augwet 10 19~9 2 $1,000.00 Awg~st 1, 1960 3 $1,000.00 A~g~st 1, 1961 ~ 01,000.00 August 1, 19~2 ~ $1.000.00 A~et 1, 1963 6 01,000.00 A~st 1, 19~ 7 $1,0~e00 A~st 1, 19~ 8 11,000.00 Awgust 1, 19~ 2aid warrants shall be pa~able at the office of the ~ewn of Winslow in Winslow, Xitsap County, Washington, and shall be sigaed for the Town of WinsSow by the Mayor thereof and atteste~ by the Clerk of the To~n, consistent with the provisions herelm elsewhere aa~e the sai~ warrants sad the interest thereon shall be ~a~able only out of the special heroin created~ 2aid warrants anA the interest thereon tk~s issued against the fissd amount of revenues and special fund shall be a valid claim ef the holder thereof onll as against said fixe~ amount of roveawes and said special fma~ an~ the money require~ hereby to be paid therein shall net constitute a~a indebtedness of the Tea of Winslow within the messing of the Constitution and the laws of the State of Washing~n, and each shall state on its face that it is pa~able from said Special Fund of Awgust 1, 1958, an~ small nsae this or4inance which created s~ch special fund by reference to its number, ~ae ~owA Ceunoil ~oes hereby state an~ certif7 ~hat in oread~ng gush ~ec~ ~ a~ in ~ti~ asi~ a~ pro~t~ ~or ~ ~mt in~o ~ ~ecial ~ of t~ ~te no~s~ for t~ ~nt o~ the pr~ ct~ a~ interest of ~ ~r~ts, t~t t~s ~o~ O~eil ~s t~n into eon~e~tion ~ ~s ~d duo r~ to tM costs of ~ratioa ~d tom~ of the extended portion ~ t~s ~stem as Mretofo~ pro~d~, ~ to all portions ~d ~s of ~e pre~s~ pl~ as a fer the ~t of b~Ms, ~rmnts or ot~r in~bte~ss, ~d the C~ctl ~11 ~n~in rates a~eq~te te ~ce ~ ~r~nts ~d ~nt~n ~ exte~ p~ion of the ~sts as beratefete ~fi~d in s~ ~tion. 2TION 6X It ts fm~r coverted ~d o~~ tht Oo~l, util ~1 of ~ ~r~ts ~ t~ intere~ thereon ~1 been f~ly ~id. ~1 not ream the rates re~r~ by it fer u~ of the exte~ pe~ion of the ~st~ as heretof~ ~n~ er of the ~stea it~, s~ t~t ~ gress reds ~1 be ln~ficient to pe~t ~ ~ 2 ~f ~nts inte al~ ~c~ ~ as ~reinb~ere r~r~ a~ tht if at ~ t~e s~ gress reveres ~11 net be ~ficient to ~ the cests of ~m~ien ~d rainteE ~ se~ ~ ot~r obli~ tions as to w~ the T~ ~s Mretofem bec~ ~tte~, ~d the ~en reven~s ~by c~t~ in fever ~ the ~mt s herein a~th~rize~ t~n the ~d Tou ~1 i~r~ its rates te ~ reveres in ~ as ~11 be ~ficient te pre~e ~or the ~t of all eu~ cests epe~tion a~ ~ntem ~ fer the ~ici~ of the debt cr~t~ hereb~ ~ t~t in order to prese~e the prio~ty ~ t~s ~ecial ~d, the of Win~ ~11 not c~te or pe~t to be c~ted so le~ as a~ of ~d ~mts ~1 be ~tst~di~ ~ ~d, ~ in~ebt~ess or ~ wht- s~e~r ~ ~1 be a ~r~ ~inst t~ reven~s of the water syst~ s~erior to t~ ~r~s crated by t~s or~~ ~ t~t ~ ~rge or ~eci~ f~ i~ebte~ss w~ my be crated by the T~ linslew made pa~vable o~t cf the revennes of the water s~stem shall e~nstit~xte a charge and lien subject to the charge and lien created bit this or~inuoo, 21CTIOi 71 b m~aey8 ~erive~ from the sale of said warrants sllall be used solely for the lmrpose provided heroine and the proper ~f- fietale of lhe ~wn are hereby authorized and directed to do evexTthing necessary for the executions sale and delivery of said warrants and for t~he prompt construction and installation of said extension to the water system of b Town out of the proceeds of the sale thereof,~ S~CTIOII the isaediate preservation of the public peace, propertT, heallh an~ safer7 ef the people of the Town of Winslows Washington. An eaergenc7 is herel~ ~eclare~ to exist and this ordinance is hereb7 leolared to be in full force and effect from and after its passages approval and p~blieation as prov~&ed by law. SlCTI01 9t If ax~ section, sub-section, sentence, clause or lxhrasa of this ordinance is for an~ reason held to be invalid er wneonstit~k- tiesol, sach ds~isiom shall not a~fect tho validity of ~ae retaining por- tion ef this ordinance. PA22/D uaanimsly by the Couatil of the ~own of Winslew, Wash- lngtoa, and approved by its/b~vor at a regular meettug held on ~he ~h 4a~ of August, ~[~3rOr ~ Attestl