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FIRE PROTECTION DISTRICT NO. 34
KING COUNTY, WASHINGTON
RESOLUTION NO. 129/88
A RESOLUTION of the Board of Fire Commmissioners of Fire Protection District No. 34, King County, Washington, providing for the submission to the qualified electors of the District at a special election to be held therein on November 8, 1988, in conjunction with the State general election to be held on the same date, of a proposition authorizing the incurring of general indebtedness in the sum of not to exceed $2,960,000 for capital purposes only, other than the replacement of equipment, and authorizing the issuance of general obligation bonds evidencing such indebtedness, the principal of and interest thereon to be payable from annual property tax levies to be made in excess of regular property tax levies.
WHEREAS, in the judgment of the Board of Fire Commissioners
of Fire Protection District No. 34, King County, Washington (the
"District"), it is essential and necessary for the protection of
the public health, life and property that the District acquire a
site for one fire station, construct two new fire stations,
remodel one existing station, acquire one pumper, one aid car
and equipment for vehicles and stations, and carry out such
other capital purposes as the Board shall determine, the cost of
which is estimated, as nearly as may be, to be the sum of
$2,960,000; NOW, THEREFORE,
BE IT RESOLVED BY THE BOARD OF FIRE COMMISSIONERS OF FIRE
PROTECTION DISTRICT NO. 34, KING COUNTY, WASHINGTON, as follows:
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Section 1. The District shall acquire a site for one fire
station, construct two new fire stations, remodel one existing
station, acquire one pumper, one aid car and equipment for
vehicles and stations, and carry out such other capital purposes
as determined by the Board of Fire Commissioners of the
District, conditioned upon the ratification by the qualified
electors of the District of the proposition described in
Section 3 of this resolution .
Section 2. For the purpose of providing the funds for the
purposes specified in Section 1 hereof, and conditioned as
provided in Section 1, the District shall incur a general
indebtedness in an amount not to exceed $2,960,000 and in no
event to exceed an amount, together with any outstanding general
obligation indebtedness, equal to three-fourths of one percent
of the value of the taxable property within the District for
strictly capital purposes other than the replacement of
equipment. Costs of engineering, planning, financial, legal and
other services lawfully incurred incident to the purposes
specified in Section 1 of this resolution shall be appropriate
capital costs to be paid from the proceeds of the bonds provided
for by this resolution. The bonds authorized shall be issued as
a single issue, as a part of a combined issue with other
authorized bonds, or In more than one series to be issued within
a period of five years. The bonds shall be fully registered
bonds; shall mature within twenty years from the date of issue,
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but may be for a shorter period (the life of the improvements
and equipment to be constructed or acquired by the issuance of
bonds being at least as long as the term of the bonds); shall be
paid by annual property tax levies sufficient in amount to pay
both principal and interest when due, which annual property tax
levies shall be made in excess of regular property tax levies
without limitation as to rate or amount but only in amounts
sufficient to meet such payments of principal and interest as
they come due; and shall be issued and sold in such manner, at
such times and in such amounts as shall be required for the
purpose for which such bonds are to be issued. The exact date,
form, terms, option of prior redemption, price, interest rate or
rates and maturities of the bonds shall be fixed hereafter by
resolution of the Board of Fire Commissioners. Pending the
issuance of the bonds, the District may issue short-term
obligations pursuant to Chapter 39.50 RCW.
Section 3. There shall be submitted to the qualified
electors of the District for their ratification or rejection at
a special election to be held therein on November 8, in
conjunction with the State general election to be held on the
same date, the question of whether or not such indebtedness
shall be incurred and such general obligation bonds issued and
such excess property taxes levied. The Board of Fire
Commissioners declares that an emergency exists and the Director
of Records and Elections of King County, Washington, is
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requested to find and declare the existence of an emergency and
further is requested to call and conduct a special election and
to submit such proposition to the qualified electors of the
District at such special election, as aforesaid, in the form of
a ballot title substantially as follows:
PROPOSITION
GENERAL OBLIGATION BONDS - $2,960,000
Shall Fire District No . 34 borrow $2,960,000 to acquire a fire station site, construct two new fire stations, remodel one existing station, acquire one pumper, one aid car and equipment for vehicles and stations and carry out other capital purposes by selling general obligation bonds theref or maturing within twenty years and levy annual excess property taxes necessary to pay bond, principal and interest as provided in Resolution No. 129/88 ~
BONDS . YES / / BONDS . NO / /
section 4. The Secretary of the Board of Fire Commissioners
of the District is directed (a) to certify to the King County
Director of Records and Elections a copy of this resolution
showing its adoption by this Board of Fire Commissioners at
least 45 days prior to the date of such special election, and
(b) to perform such other duties as are necessary or required by
law to the end that the question of whether or not bonds shall
be issued and excess taxes levied necessary to redeem the bonds
as herein provided for shall be submitted to the voters of the
District at the aforesaid special election.
ADOPTED by the Board of Fire Commissioners of Fire
Protection District No. 34, King County, Washington, at a
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special REe ~egular open public meeting thereof this 15th day of September,
1988, the following Commissioners being present and voting:
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ATTEST:
Secretary of the Commissioners
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Commissioner
Commissioner
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I, CARL HARTIG, Secretary of the Board of Fire
Commissioners of Fire Protection District No. 34, King County,
Washington, certify that the attached copy of Resolution
No. 129/e"d is a true and correct copy of the original resolution
adopted by the Board of Fire Commissioners on the 15th day of
September, 1988, as that resolution appears on the Minute Book
of the District.
DATED this 15th day of September, 1988.
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Secretary Commissioners
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