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HomeMy WebLinkAbout1997-11 Special Elec. - BondsRESOLUTION NO. 97-// 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 $1,250,000 TO FINANCE MITIGATION, REPAIR AND RECONSTRUCTION OF THE CITY'S WATER, WASTEWATER, PARKS, 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, 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 $1,250,000, 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 $1,250,000. Bond proceeds will be used to finance mitigation, repair and reconstruction of the City's water, wastewater, parks, 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 May 20, 1997. The election shall be conducted by mail pursuant to ORS 254.465 et seq. To facilitate PAGE 1-RESOLUTION CALLING A SPECIAL ELECTION (p:flood\spe-ele2.res) complying with the requirements of Article XI, Section 11 g 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 XI, Section 1 lg of the Oregon Constitution ("Section 11g") was enacted by the citizens of Oregon on November 5, 1996. Section 1 lg 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 11 g, 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 1 lg. The foregoing resolution was READ and DULY ADOPTED at a regular meeting of the City Council of the City of Ashland on the/~2 day of///~.~ ,1997. Barbara Christensen, City Recorder SIGNED and APPROVED this ,/'~ day of//~~ ,1997. Catherine M. Golden, Mayor Paul Nolte, City Attorney PAGE 2-RESOLUTION CALLING A SPECIAL ELECTION (p:flood\spe-ele2.res) NOTICE OF BOND ELECTION City of Ashland Jackson County, Oregon NOTICE IS HEREBY GIVEN that on May 20, 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 $1,250,0007 If the bonds are approved, they will be payable from taxes on property or property ownership that are not subject to limits of Article XI, Section 11 b of the Oregon Constitution. SUMMARY: This measure authorizes up to $1,250,000 of general obligation bonds for capital construction and improvements including flood mitigation related to the 1997 flood. Approximately 48% for repair and reconstruction of transportation system including bridges; approximately 30% for repair and reconstruction of water systems; approximately 22% for repair and reconstruction of Lithia Park and the park, wastewater, storm drain, stream channel systems; all (100%) costs relate to the January 1997 flood. The bonds would mature within 20 years. PAGE 1 - NOTICE OF BOND ELECTION Ip:flood\spe-ele2.not)