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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