HomeMy WebLinkAbout1997-01 Special Elec. - BondRESOLUTION NO. 97-O!
A RESOLUTION OF THE CITY OF ASHLAND, JACKSON COUNTY,
OREGON, CALLING A SPECIAL ELECTION TO SUBMIT TO THE
VOTERS THE QUESTION OF CONTRACTING A GENERAL OBLIGATION
BONDED INDEBTEDNESS IN THE AMOUNT OF $2,600,000 TO
FINANCE MITIGATION, REPAIR AND RECONSTRUCTION OF THE
CITY'S WATER, WASTEWATER, PARKS, ELECTRICAL, STORM DRAINS
AND TRANSPORTATION SYSTEMS INCLUDING THE WATER AND
WASTEWATER TREATMENT PLANTS, CITY STREETS, BRIDGES AND
SIDEWALKS; WATERSHED ROADS AND BRIDGES; MITIGATION,
REPAIR AND RECONSTRUCTION OF STREAMBANKS AND CHANNELS;
AND REMOVAL OF PRESENT AND CONTINUOUS ACCUMULATIONS
OF SILT IN THE CITY'S WATER RESERVOIR; ALL (100%) OF WHICH
FUNDING IS REQUIRED AS A RESULT OF THE JANUARY 1997 FLOOD.
RECITALS:
A. The City Council of City of Ashland, Jackson County, Oregon (the "City"), has
determined that as a result of the January 1997 flood there is an immediate need to
finance repair and reconstruction of the City's water, wastewater, parks, electrical,
storm sewer and transportation systems including the water and wastewater treatment
plants, city streets, bridges and sidewalks; watershed roads and bridges; mitigation,
repair and reconstruction of streambanks and channels; and removal of present and
continuous accumulations of silt in the City's water reservoir; all (100%) of which
funding is required as a result of the January 1997 flood; and
B. The costs are estimated to be $2,600,000, all of which are costs of capital
construction or improvements or costs of issuing bonds; now, therefore,
THE CITY OF ASHLAND RESOLVES AS FOLLOWS:
SECTION 1. A special election is called for the purpose of submitting to the qualified
voters of the City the question of contracting a general obligation bonded
indebtedness in the name of the City in a sum not to exceed $2,600,000. Bond
proceeds will be used to finance mitigation, repair and reconstruction of the City's
water, wastewater, parks, electrical, storm drain and transportation systems including
the water and wastewater treatment plants, city streets, bridges and sidewalks;
watershed roads and bridges; mitigation, repair and reconstruction of streambanks
and channels; and removal of present and continuous accumulations of silt in the
City's water reservoir; all (100%) of which funding is required as a result of the January
1997 flood. The bonds shall mature over a period of not more than 20 years.
SECTION 2. The special election called shall be held in the City on March 11, 1997.
The election shall be conducted by mail pursuant to ORS 254.465 et seq. To facilitate
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complying with the requirements of Article Xl, Section 1 lg of the Oregon Constitution,
the City shall request the Elections Officer of Jackson County in writing that:
a. The Elections Officer of Jackson County put on the front of the outer
envelope mailed to the electors the following statement, which shall be clearly and
boldly printed in red: "CONTAINS VOTE ON PROPOSED TAX INCREASE."
b. The Elections Officer provide a timely notice of deadlines for the filing of
voters pamphlet statements to each person who has requested in writing that they
receive such notices.
SECTION 3. The City Recorder shall cause to be delivered to the Elections Officer of
Jackson County, Oregon, the attached Notice of Bond Election, not later than 61 days
prior to the election. The Election Officer is requested to give the electorate of the City.
notice that the election shall be conducted by mail pursuant to Oregon law; and
SECTION 4. That the City Recorder shall give notice of the election by as provided in
the laws of the State of Oregon and the charter and ordinances of the City of Ashland.
SECTION 5. Article Xl, Section 1 lg of the Oregon Constitution ("Section 1 lg") was
enacted by the citizens of Oregon on November 5, 1996. Section 11g imposed
requirements on elections which authorize taxes to be levied outside constitutional
limits. Administrative rules or election procedures may be developed to implement the
requirements of Section 1 lg, and it is desirable to authorize City staff to modify the
ballot text contained in the attached Notice of Bond Election to comply with those
rules and procedures. The City Attorney is authorized to alter the text of the ballot to
comply with any rules, procedures or practices of the Elections Officer of Jackson
County to implement the requirements of Section 11g.
The foregoing resolution was READ and DULY ADOPTED at a special meeting of the
City Council of the City of Ashland on the __
Barbara Christensen, City Recorder
SIGNED and APPROVED this /d)
Paul Nolte, City Attorney
9th day of January, 1997.
Catherine M. Golden, Mayor
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NOTICE OF BOND ELECTION
City of Ashland
Jackson County, Oregon
NOTICE IS HEREBY GIVEN that on March 11, 1997, an election will be held in
City of Ashland, Jackson County, Oregon. The following question will be submitted to
the qualified voters thereof:
CITY OF ASHLAND
CAPTION:
GENERAL OBLIGATION BOND AUTHORIZATION FOR
FLOOD RESTORATION AND MITIGATION
QUESTION:
Shall the City be authorized to issue general obligation bonds in an amount not to
exceed $2,600,000? If the bonds are approved, they will be payable from taxes on
property or property ownership that are not subject to limits of Article Xl, Section 11b
of the Oregon Constitution.
SUMMARY:
This measure authorizes up to $2,600,000 of general obligation bonds for capital repair
and reconstruction including flood mitigation related to the 1997 flood. Approximately
35% for repair and reconstruction of transportation system including bridges;
approximately 33% for repair and reconstruction of water systems; approximately 32%
for repair and reconstruction of Lithia Park and the park, wastewater, storm drain,
stream channel and electrical systems; all (100%) costs relate to the January 1997
flood. The bonds would mature within 20 years.
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