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HomeMy WebLinkAboutORDINANCE 0450-1978 CITY OF KENAI ORDINANCE NO 450-78 AN ORDINANCE OF THE COUNCIL OF THE CITY OF KENAI, ALASKA, PROVIDING FOR THE SUBMISSION OF CHARTER AMENDMENTS CONCERNING AID TO INDUSTRY TO THE QUALIFIED VOTERS OF THE CITY AT A SPECIAL ELECTION TO BE HELD TUESDAY, FEBRUARY 13, 1979. WHEREAS, the City of Kenai's best interests are served by aiding industry to locate in or adjacent to the City, and WHEREAS, such industry may be more receptive to locating in the Kenai area if appropriate aid to industry as authorized by State and Federal law is profferred, and WHEREAS, industry may consider the siting of industrial facilities in or near the City of Kenai, and WHEREAS, to be responsible to industry's needs, an early determination of the City's ability to support industry's efforts is needed, NOW THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA, as follows: Section 1: That the Council hereby calls a special election which shall be held Tuesday, February 13, 1979, for the sole purpose of the submission of the proposition set out in Section 2 hereunder. Section That the following proposition shall be submitted to the qualified voters of the City of Kenai at the special election called herein amore in substantially the same form as is set out hereinafter~ PROPOSITION Shall a new Section 65 entitled "Industrial development Bonds" be added to the Charter of the City of Kenai to read as follows~ Ordinance 490-78 - pag~ 2 "~ndustrial develo[nnent bonds "Section 6-5. The City shall have the power to borrow money and to issue bonds or other evidence of indebtedness for the purpose of promoting economic development in and adjacent to the City. Such indebtedness may be authorized by the Council without a vote of the electorate for obligations which are defined as industrial development bonds by the United States Internal Revenue Code, as amended. The City may, with respect to the issuance of such debt, acquire, purchase, lease, construction, sell, sublease or otherwise dispose of projects by action of the Council. No bonds or other indebtedness issued by the City under this section shall be repayable from taxes levied by the City nor be a charge against the general credit of the City. And, shall Section 6-3 of the Charter of the City of Kenai which reads as follows= "R~venue bonds~ etc. "Section 6-3. The city shall have power to borrow money and to issue revenue bonds or other such evidences of indebtedness therefor, the principal and interest of which are payable solely out of, and the 9nly security of which is, the revenues of revenue-producing uL~iities and enterprises; but only when authorized by the council for the acquisition, construction, reconstruction, repair, improvement, extension, enlargement, and/or equipment of said utilities and enterprises, and ratified at an election by a majority of those qualified to vote and voting on the question," be amended to add the following sentence~ "Revenue bonds issued to pay the cost of a facility to be used by (10)customers or less for the purpose of promoting economic development in and around the city, may be authorized by the council without an election if the debt is payable solely by the users." And shall Section 1-6 of the Charter of the City of Kenai be rescinded which reads as follows~ "Applicabilit~ of state law "Section 1-6. Provisio.s of state law relating to matters which may be regulated by home-rule cities, shall be in effect in this city only insofar as they are applicable and are not superseded by this charter or by ordinance." Ordinance 450-78 - page 3 Section Since all of the above-suggested charter amendments must be made in order to accomplish the purpose intended, the above question shall be treated as a single proposition to be answered "yes" or "no" by the voters. PASSED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA this 12th day of December 1978. · 9IN~ENT O'REILLY, M~YOR ¢ ATTEST Peter, City Clerk First Reading: November 15, 1978 Second Reading: December 12, 1978 Effective Date: January 12, 1979 CITY OF KENAI SPECIAL ELECTION OF FEBRUARY I$, 1979 WE, THE MEMBERS OF THE KENAI CITY COUNCIL, DO HEREBY CERTIFY THE, RESULT8 OF A CANVASS OF THE BALLOTS FOR THE, SPECIAL ELECTIOI~ OF FEBRUARY 13, 1979: PROPOSITION YES NO . SPOILED BALLOTS: -- ~ - CHALLENGED BALLOTS: / ABSENTEE BALLOTS: TOTAL BALLOTS CAST: PI~ILLIP~/ABER , COUNCILMAN MICHAEL SEAMAN, COUNCILMAN DAN WHEY~N, COUNCILMAN ATTEST: Sue. C. Peter, City Clerk February 21, 1979 $ PLE i . LLOT City oF Kenai, Alasl a SPECIAL ELECTION OF FEBRUARY 13, 1979 PROPOSITION Shell o new Socflon 6-5 oaf;fled "l.~duslrlol Development Bonds" bo *dded "I~DUST~IAL D~ELOPM~ BONDS "~;on ~, ~e C;~ shnlJ h~vo the ~wot fo ~ mon~ ~ fo ~Ms o~ ~het evidcn~ of indebtedness f~ t~ pu~ ~ p~ing ~m;c d~olopmc~ ;n e~d odjs~ fo ~o ~. Su~ ;adD,Drinks m~y ~i~ e~ d~inad os ;nd~triol d~olopmont bends by f~o Unitod Sf~es forno~ Revenue ~do. os ~mofldod. ~e ~ty m~y. w;~ rmOo~ to ~o d ~ do~. acquire, purch~o. Ioa~. ~s~ru~ion. s~ff. wblea~ or ~ho~;~ dis~ o~ ptojoc~ ~ a~;on d tho ~o~[. ~o ~s or olh~ ;s~ed ~ tho Cgy under th;s ~cf;on ~ell bo repayable teem t~ ~;ed tho ~ty n~ ~ a ~r9o ago;~l t~o general ~ed;f ~ tho C~. "REV~U$ ~NDS. ETC. "~;on ~-~. Tho ~ ~41J ~yo ~wot fo ~,~ mon~ and fo ~enue ~,ds or ~ ~ ~ide~ of ;,doMednm* f~or. fha aM ;nletest of ~;~ 4ro ~yoblo ~l:~ our ~, ~M the only ~fl~ of is, tho t~onues M t~onuo~roduclng ufil~ 4~ o~r~: ~ only when 4ufhori~d by fho coun~l for tho 4~u'~fion, ~s~on, recombucfion, polr, impr~, adorn, ~rgomont, and/or equlpmeM M Mid ~d ~erpri~s, ond ~dMiod ~ on ol~fion by 4 m4jotJ~ of f~ qu~fiflod bo 4monad to add tho foffowing "Revonue ~nds issued fo poy tho ~f of o fe~l~ to bo usod by [I0} ~m~s or ~ss for tho purpo~ of promoting e~mi~ devolopmont In arid f~ d~. may ~ e~h~izod by tho c~Kil wither en ejection if fha And ~ofl Secfi~ I~ of tho Oha~or of ~ho ~i~ of Kenal bo roKindad which rends ~ follows: "APPUOABILI~ OF STATE ~W "~ion I~. Provlslom of sfnt~ bw relating to ma~ which my bo tegu]oted ~y homo-rule ~t;~. ~all bo in affect in t~t city only inwfar 4s they are appliflbb ~nd ~to not ~pot~dod by ibis ~net or ~ .o D [Instructions to Voto~ .;n 8ack]