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RESOLUTION NO.9 /
A RESOLUTION of the Council of the City of Moses Lake,
Washington,employing counsel for certain services
in connection with the issuance of general obligation
bonds of the district.
WHEREAS,the City of Moses Lake,Wasnington,is contemplating
the issuance and sale of its unlimited tax levy general obligation bonds
in the principal sum of $100,000 to construct and equip a new city
Administration Building and remodel and equip the existing Public Safety
Building for police and fire station purposes;and
WHEREAS, the city is further contemplating the issuance and
sale of its unlimited tax levy general obligation bonds in the principal
sum of $100,000 for the purpose of acquiring land for a municipal airport
and constructing.runways and administration building,hangars,etc.
thereon;and
WHEREAS,the Constitution and Laws of the State of Washington
lire that the questions of whether or not said bonds may be issued
and sold for such purposes must be submitted to the qualified electors
of the city for their ratification or rejection;and
WHEREAS,it is deemed necessary and to the best interest of
the city that bond counsel skilled in such matters be retained to draw
the resolutions,ordinances,notices and other documents necessary for
tne issuance and sale of said bonds,and to give their opinion as to the
validity thereof at the time of tneir sale;
NOW,THEREFORE,BE IT RESOLVED by the Council of the City of
Moses Lake,Washington,as folio-
^y ^
That Preston,Thorgrimson & Horowitz,attorneys at law of
Seattle, Washington, be and they are hereby retained to perform the
services above set forth,and as compensation therefor the city agrees
to pay them as follows:
1. For drawing all the proceedings for the authorization of
the bonds of both issues,for the sale of approximately $150,000 of
the same,and for an.opinion as to the validity of said §150,000 of
bonds,$550.
2.For drawing proceedings for sale of tne remaining
$50,000 of bonds and opinion as to validity of the same,50.
3-In the event both of the propositions fail to
carry,$200.
k.In the event one osltion carries and one
fails to carry,the fee for the proceedings for tne sale of
the authorized bonds and opinion or opinions as to validity
of the same shall be fixed in accordance with standard fees
for the work done and the amount of bonds so sold and as
agreed upon between said counsel and the city.
In addition to the above, the city agrees to reimburse said
counsel for any out-of-pocket expenses which they may incur in the
performance of said services,such as long distance telephone tolls,
and further agrees to furr aid counsel at their office in Seattle,
Washington,with a complete certified transcript of all proceedings
taken in the matter of the issuance of said bonds.
PASSED by the Council of the City of Moses Lake,Washington,
and approved by its Mayor at a regular meeting of said Council held on
January 12,195^-
CITY OF MOSES LAKE,WASHING-T
By O^^^^^U
ATTEST:Mayor
City Clerk
2.