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Home My WebLink About058 83 <k: ç¡fu..,;,j ~. r-__'-{Po;,j:;.7jF3 P,"", JEFFERSON COUNTY, WASHINGTON RESOLUTION NO. 58-83 A RESOLUTION of the Board of County Commission- ers, Jefferson County, Washington, concerning the costs of road improvements in Road Improvement District No.1 and Road Improvement District No.2. WHEREAS, the County Commissioners (the "County Commission- ers") may provide for the construction, improvement and mainten- ance of county roads under Chapter 36.75 RCW, and may pay for the costs of such construction, improvement and maintenance through the county road fund under Chapter 36.82 RCW; and WHEREAS, the County Commissioners may, under RCW 36.88.010 and RCW 36.88.190, pay for part of the costs of county road construction, improvement and maintenance by means of assess- ments against properties specially improved by such construc- tion, improvements and maintenance and included within road improvement districts established pursuant to Chapter 36.88 RCW; and WHEREAS, by Resolution 61-81, the County Commissioners established Road Improvement District No. 1 for the improvement of Griffith Point Road, and established a Road Improvement District No. 1 Fund; and provided for payment of the costs of the improvement in part and by assessment against property owners within Road Improvement District No.1; and WHEREAS, by Resolution 70-81, the County Commissioners established Road Improvement District No. 2 for the improvement of Sentinel Firs Road, and established Road Improvement District No. 2 Fund, and provided that all of the costs of the improve- ment would be borne by property owners within Road Improvement District No.2; and WHEREAS, by Resolution 38-83, the County Commissioners established Consolidated Road Improvement Districts Nos. land VOL 9 r~Œ 01936 ¡-- ,. 2, and established a Consolidated Road Improvement Fund, Districts Nos. land 2, for the purpose of more efficiently financing the costs of improvements in those two road improve- ment districts; and WHEREAS, the improvements in Road Improvement Districts Nos. land 2 (the "Improvements") have been completed, and payment for the Improvements has been made out of the Jefferson County Road Fund, such fund to be reimbursed by money collected from assessments against property owners within Road Improvement Districts Nos. land 2; and WHEREAS, although RCW 43.09.210 requires that money trans- ferred from one fund to another must be paid for at its true and full value, including interest; and WHEREAS, in determining the cost of the road improvements in Road Improvement Districts Nos. 1 and 2, the interest costs of borrowing from the County Road Fund for the improvements in those districts were not taken into account; and WHEREAS, the County Commissioners desire to contribute from the County Road Fund to the full and true cost of the Improve- ments, the amount of money equal to the cost of interest pay- ments that would otherwise be made by those road improvement district funds to the County Road Fund, minus any interest payments made by the Consolidated Road Improvement Fund, Districts Nos. 1 and 2 Fund from such money as may be available after the reimbursement to the County Road Fund for all costs of the Improvements, including all costs of issuing bonds; and WHEREAS, the County Commissioners find that 8% is a reason- able and appropriate amount for interest payments upon the money paid out of the County Road Fund for improvements in Road Improvement Districts Nos. 1 and 2; NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF JEFFERSON COUNTY, WASHINGTON, as follows: - 2 - VOL 9 rt,Œ 01937 Section l. The interest amount to be paid by the Consoli- dated Road Improvement Fund, Districts Nos. I and 2, to the County Road Fund, for money expended from the County Road Fund for improvements in Road Improvement Districts Nos. land 2, to be repaid after the sale of road improvement district bonds, is hereby established to be eight percent (8\). Section 2. The County Commissioners order that the inter- est costs owed by Road Improvement Districts Nos. 1 and 2 to the County Road Fund for the use of money from the County Road Fund to pay for improvements in those road improvement districts, shall be deemed a contribution by the County from its County Road Fund to pay for part of the cost of the improvements in those road improvement districts, except for that amount remain- ing in the Consolidated Road Improvement Fund, Districts Nos. 1 and 2 after the County Road Fund is reimbursed for the costs of the Improvements, including all costs of issuing bonds, which remaining amount of the interest cost shall be reimbursed by Road Improvement District Fund Nos. land 2 to the County Road Fund. Section 3. This Resolution supersedes all previous resolu- tions of the County Commissioners to the extent that they conflict. Section 4. The previous acts of the County, its officers, employees and agents, consistent with this Resolution, are hereby ratified and confirmed. Section 5. If any provision of this Resolution, or its application to any person or circumstances, is held invalid by a court of competent jurisdiction, the remainder of the resolu- tion, or the application of the provision to other persons or circumstances, shall not be affected. - 3 - VOL 9 'Ar~ r",I;_ 01938 Section 6. This Resolution shall be in full force and effect after its passage and publication as required by law. DATED at Port Townsend, Washington, this ;Z ¿? ~ay of June, 1983. APPROVED: '. !. .I a ' 1/1, V/l11ÁA~ a rm ~ Member ì~' . i i.; ;1 , :. ~". ':j¡,""''''''- ,/ .' .,f~. ~.é, \. .""',.' :~J ... .. ,.,. ~" --, . ,~~:(; , .... ~ ~,,:c.,-,~,,_4b.,,~ III .... J . . ' \ '-4 ~~ L I~ Member - 4 - VOL 9 rA~~ 0 1939 I, County Co the attached copy of Resolution No. , Clerk of the Board of Washington, certify that ~g -83 is a true and correct copy of the original resolution adopted on June ~, 1983, as that resolution appears on the minute Book of the County. DATED this c)~ø day of June, 1983. tIr k(Í' ~ -f/' <Ø//' '. ' )'k 0 the B-or. / 0047j - 5 - VOL 9 fAŒ 0 1940 ,~ oJ ROBERTS & SHEFELMAN A PARTNERSHIP INCLUDING PROFESSIONAL CORPORATIONS s~:=n:::"p,~~a W1~f[)ì TELECOPIER - (206) 624-2666 JUt'J ¿ u 1983 li:lJ OF COUNSEL WILLIAM N, ApPEL ROBEI<T F. BUCK PAUL W. KOVAL. P.C.* JAMES GAY ROBERT G. MacH GEORGE M. MACK BRIAN L. COMSTOCK. P.B. TIMOTHY R. CLIFFORD, P.S. LEE R. VOORIIEES, JR. DAVID B. SWEENEY WILLIAM G. TONKIN ROBERT H. CAMPBKLL GARY N. ACKERMAN. P.B. ROOER A. MVKI.EBUST ROOER W. DuBROCK, P.C.* JON W. MACLKOD PAUL 1... AHEIlN, JR. TERESA V. BIGELOW DAVID B. BUKEY BLAIR B. BURROUOHS JUDITH A. SHULMAN COUNSEL HAROLD S. SHEFELMAN WALTER T. FEATHERLY 111* MICHAEL H. RORICK** AMY H, GALLAOHER DEAN E. JOHNSON MICHAEL D. KUNTZ EDWIN D. RAUZI EMILY C, VRIKZE BKNNET A. MCCONAUOHY STEVEN R. PORrEn* JON! H, OSTERGAARD HUGH D. SPITZER DoUGLAS C, Ross ANNE E, BRAKEBILL DAVID p, FRANK" DARRYL S. VHUGEN WILLIAM S. WEINSTEIN THOMAS M. WALSH 4100 SEAFIRST FIFTH AVENUE PLAZA RETIRED VICTOR D.LAWRENCE JAMES C. HARPKR JEFFERSON COUNTY EGMID OF COMM¡SSIONER~ JAMES P. WETER U877~1939) F. M. ROBERTS (1860-.973) *A.LA.BKA BAN **A1.ASIí.A AND WASHINGTON BARS ALL OTHBRS WABHI:N"OTON BAN ONLY ANCHORAGE OFFICE SUITE 1500 2550 DENALI STREET ANCHORAGE. ALASKA 99303-2719 {Ð07} 276-1mS8 TELECOPIER - (907) 21'"2-8332 June 17, 1983 Ms. Jerdine C. Bragg, Clerk Board of County Commissioners Jefferson County Courthouse Port Townsend, Washington 98368 Re: Interest Contribution Resolution Dear Ms. Bragg: The enclosed resolution was drafted to take care of a technical problem that arose in connection with Road Improvement Districts Nos. 1 and 2. When the cost of the improvements in those RID's was estimated it did not include the interest costs that would have to be paid to the County Road Fund for the use of money from that fund to carry out the improvements. The County Road Fund will be reimbursed for construction costs when the bonds are sold, but there is no money readily available to pay for the interest costs. This resolution contributes from the County Road Fund to the consolidated Road Improvement District Fund an amount equal to the interest costs, minus the small amount that will be left over after all of the other costs are paid. I spoke to Mr. O'Meara about this issue, and he stated that he wanted to have whatever funds were remaining after the bonds were sold, paid back to the County Road Fund as interest costs. Any interest costs above and beyond that small figure would be counted as a contribution by the County Road Fund to the Road Improvement Districts. '" Ms. Jerdine C. Bragg, Clerk June 17, 1983 Page two As part of this process, after the Bond Closing we will also draft a short Resolution to make sure that the County budget reflects the exact amounts transferred from the County Road Fund to the consolidated RID Fund. Please give me a call if you have any additional questions on this matter. Sincerely, ROBERTS & SHEFELMAN Hugt!:!~~ HDS/vc enclosure / cc: Ms. Frances Hansen f J. ~ rf ~ Mr. John Rose I 1~' ~o ~ Mr. John Raymond . ,--'- :~'-<>g:I I~ f v ~ ) ~ ~~11 ~"'~G/;: z: r- ì~~-ë~. ~;yypt-" r r'> ' f^o Vv":...t' ~ ~ ~~J c:..(Y1 Db 'ð- \ ~ VI'- v-> 0 ~ jð t?' ~ o-N' ~ ~~., ) to\ ð 'I j: Þ~1 v'~ ~V tY"'J'''~