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Posted on: January 13, 2022

PUBLIC HEARING: Proposed Ordinance Inactivating Fund 602 – Road Improvement Guaranty Fund

NOTICE IS HEREBY GIVEN that a public hearing is scheduled by the Jefferson County Board of Commissioners for MONDAY, January 24, 2022 at 10:30 a.m. in the Commissioners’ Chambers, County Courthouse, 1820 Jefferson Street, Port Townsend, WA 98368 for the purpose of taking public testimony regarding a proposed ordinance, attached, inactivating Fund 602-000-010 – Road Improvement Guaranty Fund.  (NOTE: No In-Person Attendance Allowed (Per Jefferson County RESOLUTION No. 45-21)), and said notice of said hearing be published in the official newspaper of Jefferson County, and that at said hearing any interested person may appear virtually and be heard for or against the Ordinance. To view documents, go to https://test.co.jefferson.wa.us/WebLinkExternal/0/doc/3366052/Page1.aspx

 

To participate/provide testimony, you will need to join the meeting by 10:30 a.m. To participate via Zoom, click on https://zoom.us/j/93777841705.  To participate/provide testimony via telephone dial 1-253-215-8782 and enter access code: 937-7784-1705# by 10:30 a.m. To view this meeting live with no participation, go to www.co.jefferson.wa.us Follow the links under “Quick Links: Videos of Meetings: Today.” Access for the hearing impaired and others can be accommodated using Washington Relay Service at 1-800-833-6384.

 

On January 22, 2001, the Board of County Commissioners voted unanimously to create Fund 602-000-010 – Road Improvement Guaranty Fund. The fund was required in conjunction with the creation of Road Improvement District No. 4 and the sale of bonds to finance related road improvements. Five thousand ($5,000) was deposited into the fund upon its creation. The fund’s purpose was to help make bond payments to avoid a default in the event one or more property owners failed to make required payments. The bonds have since been retired eliminating the need for the Road Improvement Guaranty Fund.

 

Similarly, the Board established Fund 202-000-030 to account for funds associated with Road Improvement District #1 and a related financing bond. This fund is inactive and no longer needed.

 

RCW 35.54.095 authorizes the transfer funds of this nature to the General Fund, by ordinance, once the County Treasurer certifies there is no longer a need for these funds to help service the related debt. 

 

In addition, written testimony is also invited beginning on January 12, 2022 and ending on January 24, 2022 at the end of the Public Hearing, unless extended by the Board of County Commissioners. Written public testimony may be submitted by Email to: jeffbocc@co.jefferson.wa.us; or by Mail to: Jefferson County Commissioners’ Office; PO Box 1220, Port Townsend, WA 98368. Testimony must be received by the Board of County Commissioners by the end of the hearing public comment period.

 

For additional information contact Mark McCauley, Jefferson County Interim County Administrator, 1820 Jefferson Street, Port Townsend, WA 98368, 360-385-9130, or email mmccauley@co.jefferson.wa.us.