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2002_0903_packet
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Department Approval: <br />�� <br />REQUEST FOR COUNCIL ACTION <br />Manager Approved: <br />Date: 09/03/02 <br />Item: II. <br />Special Election <br />Public Safety/ <br />PublicWorks Facilities <br />Date: 8/19C2002 <br />1� N�: �. �.� <br />Agenda Section: <br />Organizational Business <br />Item Description: Calling a Special Election, and Consideration of Election Ballot Language for the <br />Purposes of Issuing General Obligation Bonds <br />Introduction <br />Per Council's direction, the attached documents have been prepared by the City's Bond Counsel <br />of Briggs & Morgan, for consideration in calling a special election. <br />The language suggested by Bond Counsel has been selected to allow flexibility for the City in <br />expending the bond proceeds, yet provide a clear intent to the overall purpose. The Council has <br />at its discretionto be more specificthan the drafted language. <br />The terms "acquisition" and "betterment" are recommended because they are defined in Statute. <br />A copy of the applicable statute is enclosed. The term "facilities" is recommended to a11ow for <br />bond proceeds to be used for the expansion of existing structures, or fr��-stand'tng structures, <br />including any accessory structures. <br />St�'f will be available for additional questions, or direction if needed. <br />Attachments <br />0 Resolution calling for a special election. <br />O Official Ba11ot to be used on Election Day. <br />❑ State Statute defining "acquisifion" and �`bett�rmer,t" <br />Council Action Requested <br />Adopt the Resolution calling for a special election, and approving the official ballot language for <br />the purposes issuing general obligationbonds. <br />
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