Loading...
HomeMy WebLinkAbout2111 ORDINANCE NO. 2111 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF ARCADIA, CALIFORNIA, CALLING A SPECIAL MUNICIPAL BOND ELECTION IN THE CITY OF ARCADIA FOR THE PURPOSE OF SUBMITTING TO THE ELECTORS OF SAID CITY THE MEASURE OF INCURRING A BONDED INDEBTEDNESS OF SAID CITY FOR THE CONSTRUCTION AND COMPLETION OF THE FOLLOWING MUNICIPAL IMPROVEMENT, TO WIT: POLICE STATION; DECLARING THE ESTIMATED COST OF SAID MUNICIPAL IMPROVEMENT, TIlE AMOUNT OF THE PRINCIPAL OF SAID INDEBTEDNESS TO BE INCURRED THEREFOR, AND THE MAXIMUM RATE OF INTEREST TO BE PAID THEREON; , ' . MAKING PROVISION FOR THE LEVY AND COLLECTION OF TAXES; FIXING THE DATE OF SAID ELECTION AND THE MANNER OF HOLDING,:THE SAME; CONSOLIDATING SAID I .." I . SPECIAL MUNICIPAL BOND ELECTION WITH SCHOOL . , : .! I , DISTRICT ELECTIONS TO BE HELD IN LOS ANGELES I. . COUNTY ON TUESDAY, NOVEMBER 2, 1999; AND PROVIDING FOR NOTICE THEREOF I . . WHEREAS, the City Council (the "Council") of the City of Arcadia (the ,,' I , " ,: ' . , ' , , "City"), by resolution duly passed and adopted at a meeting of the Council duly , and regularly held, by affirmative vote of more than two-thirds of all its members, did determine that the' public interest and necessity demand the acquisition, . , construction and compledonl of the municipal improvement hereinafter mentioned, , " . and did further determine\ that the cost of said municipal improvement will be too I , great to be paid out of the ordinary annual income and revenue of said municipality and that said municipal improvement will require an expenditure greater than the amount allowed therefor by the annual tax levy, and will require 664893.2\24217.0002 2111 the incurring of a bonded indebtedness therefor, which resolution was duly entered on the minutes of said meeting of the Council, and is now on file and of record in the City Clerk's office ofthe City. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF ARCADIA, CALIFORNIA DOES HEREBY FIND, DETERMINE AND ORDAIN AS FOLLOWS: SECTION 1. A special municipal bond election shall be and is hereby ordered and will be held in the City on Tuesday, November 2, 1999, at which election shall be submitted to the qualified electors of the City the question of incurring a bonded indebtedness of the City for the object and purpose set forth in the following measure, to wit: Shall the City of Arcadia incur a bonded indebtedness in the principal amount of $8,000,000 for the construction and completion of the following municipal improvement, to wit: police station in the Arcadia Civic Center, including facilities for emergency operations, police dispatch and 911 emergency communications, detective bureau, records, police laboratory, jail facility, evidence storage and other works, property or structures for efficient, effective law enforcement necessary for said City Police Station? The estimated cost of the municipal improvement set forth in said measure is the sum of $16,000,000 and the amount of the indebtedness proposed to be incurred for said municipal improvement is the sum of $8,000,000. The estimated 664893.2\24217.0002 2 '2111 cost hereinabove stated of said municipal improvement includes legal and all other fees incidental to or connected with the authorization, issuance and sale of the I bonds evidencing the indebtedness proposed to be incurred for said municipal improvement and the costs of printing said bonds and all other costs and expenses incidental to or connected with the authorization, issuance and sale of said bonds. SECTION 2. The Council does hereby submit to the qualified electors of the City at said special municipal bond election said measure set forth in Section 1 of this ordinance, and designates and refers to said measure in the form of ballot hereinafter prescribed for use at said election. (a) Said special municipal bond election shall be held and conducted, and the votes thereof canvassed, and the returns thereof made, and the result thereof ascertained and determined, as herein provided; and in all particulars not prescribed by this ordinance, said election shall be held as provided by law for the holding of municipal elections in the City. (b) All persons qualified to vote at municipal elections in the City upon the date of the election herein provided for shall be qualified to vote upon the measure submitted at said special municipal bond election. (c) The polls at the polling places hereinafter designated shall be opened at 7:00 o'clock A.M. of said day of election and shall be kept open continuously thereafter until 8:00 o'clock P.M. of said day of election, when the 664893.2\24217.0002 3 2111 polls shall be closed (except as provided in Section 14401 of the Elections Code), and the election officers shall thereupon proceed to canvass the ballots cast thereat. (d) Said special municipal bond election hereby called shall be consolidated with the school district elections to be held in Los Angeles County and in the City on November 2, 1999, all as required by and pursuant to law; and 'the election precincts, polling places and officers of election within the City for said special municipal bond election hereby called shall be the same as those selected and designated by the Board of Supervisors of Los Angeles County for said school district election to be held within the City and to be set forth in the notice of election officers and polling places for said election to be published by the Registrar of Voters of Los Angeles County, as required by law, to which notice reference is hereby spedficaJly made for a designation of the precincts, polling places and election offic~rs :of the special municipal bond election hereby called. Only qualified voters of the City shall be permitted to vote at said special municipal bond election. the Board of Supervisors of Los Angeles County is authorized to canvass, or cause to be canvassed, the returns of said special municipal bond election with respect to the votes cast in the City and to certify the results to the City Council. 664893.2\24217.0002 , 1, 4 2111 (e) On the ballots to be used at said election and said special municipal bond election hereby consolidated therewith, in addition to all other matters required by law to be printed thereon, shall appear the measure set forth in Section I hereof. Each voter to vote for said measure hereby submitted and for incurring said bonded indebtedness shall punch the number to the right of the word "YES" on the ballot to the right of said measure, and to vote against said measure and against incurring said bonded indebtedness shall punch the number to the right of the word "NO" on the ballot to the right of said measure. On absent voter ballots, voter should punch the number on the ballot card which is opposite the "YES" or "NO" on the Sample Official Ballot. (f) The Council shall confirm the canvass of said special municipal bond election and shall cause to be spread upon its minutes a statement of the results of said special municipal bond election as ascertained by said canvass at the first available Council meeting following receipt thereof. SECTION 3. The Council proposes to issue and sell bonds of the City for the object and purpose, but not exceeding the amount, specified in said measure, if two-thirds of the qualified electors voting on such measure at said special municipal bond election shall vote in favor of said measure. Said bonds shall be negotiable in the form and of the character known as serial, and shall bear interest at a rate not to exceed twelve per cent (12%) per 664893.2\24217.0002 5 2111 annum, payable semiannually (except that interest for the first year after the date of said bonds may be made payable at or before the end of said year), except as may otherwise be pennitted by law. Provision is hereby made for the payment of the principal of and interest on said bonds as follows: At the time of making the general tax levy after incurring the bonded indebtedness, and annually thereafter until the bonds are paid or until there is a sum in the treasury set apart for that purpose sufficient to meet all payments of principal and interest on the bonds as they become due, the Council shall levy and collect a tax sufficient to pay the interest on the bonds and such part of the principal as will become due before the proceeds of a tax levied at the next general tax levy will be available; provided, however, that if said bonds are authorized to be issued at said' election, and it is expected that all or any part of said bonds will be sold at such time that the principal of or interest on such bonds will become due before the proceeds of a tax levied after such sale would be available to pay such principal or interest, the Council, at the time of fixing the annual tax levy, may levy a tax in an amount clearly sufficient to pay that portion of the principal of and interest on said bonds which it is expected will become due before the proceeds of the next succeeding tax levy will be available. If the earliest maturity of the bonds is more than one year after the date of issuance, the Council shall levy and collect annually a tax sufficient to pay the interest as it falls due and to constitute a sinking fund for the 664893.2\24217.0002 6 2111 payment of the principal on or before maturity. Such taxes shall be levied and collected as other City taxes and shall be in addition to all other taxes and shall be used only for payment of the bonds and the interest thereon. SECTION 4. The City Clerk of the City is hereby directed, upon the passage and adoption of this ordinance, to publish the same once a week for two (2) weeks in the Arcadia Weeklv, a newspaper published less than six (6) days a week in the City. No other notice of the election hereby called need be given. Passed, approved and adopted this 3rd day of August 1999 {J.dfL May of the City of Arcadia .' A TrEST: 2.,~,J7~ . yClerk ~ APPROVED AS TO FORM: c~'li II ~ 664893.2\24217.0002 7 2111 STATE OF CALIFORNIA ) COUNTY OF LOS ANGELES ) SS: CITY OF ARCADIA ) I, JUNE D. ALFORD, City Clerk of the City of Arcadia, hereby certify that the foregoing Ordinance No. 2111 was passed and adopted by the City Council of the City of Arcadia, signed by the Mayor and attested to by the City Clerk at a regular meeting of said Council held on the 3rd day of August, 1999 and that said Ordinance was adopted by the following vote, to wit: AYES: Councilmember Harbicht, Kovacic, Marshall, Roncelli and Chandler NOES: None ABSENT: None J 8 2111