Ordinance 831-81 - Laserfiche WebLink

0 (w) The word "System" means the existing sanitary sewage collection and treatment system of the City, including facilities for the collection and disposal of storm water runoff, as it now exists and as it may later be added to, extended and improved, and the existing water supply and distribution system of the City, including the interest of the City in the water supply facilities constructed by P .U.D. No. 1 of Snohomish County pursuant to the Sultan River Project Agreement, as it now exists and as it may later be added to, extended and improved, for as long as the Bonds remain outstanding. Section 2 . Plan of Additions to the System. The following plan for the acquisition, construction and installation of addi- tions and betterments to the water supply and distribution facil- ities of the System has been specified and adopted in Section 2 of Ordinance No. o,4f, to wit: The City shall acquire, construct and install a direct filtration water treatment facility at Lake Chaplain in the Sultan River Basin. Said facility is more fully described in plans and specifications therefor prepared by Gray and Osborne, Inc . and now on file with the City. The estimated cost of this plan of additions and betterments and all costs incidental thereto have been declared in Ordinance No.zr)r-'j to be as nearly as practicable the sum of $31, 550, 000, of which $16, 000, 000 is to be provided out of the proceeds of the sale of bonds of the City, including the Bonds, the 1982 Bonds, and Refunding Bonds, and the remainder from expected grants, from payment to be received pursuant to the Snohomish PUD Agreement and from other cash now or hereafter on hand and available therefor. Section 3 . Issuance of the City of Everett Water and Sewer Revenue Interim Financing Bonds, 1982 . The City shall issue the Bonds in the principal amount of $7, 430, 000 for the purpose of providing part of the funds necessary to pay the costs of the -5- BD339 81/12/22