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Home My WebLink AboutRESOLUTION 1980-32~~w . / ~ ~ CITY O~ ICF..NAT RESOLUTZON NO. 80-32 :: R~~~:,UTION OF TA:E CITY OF KENAI, ALASKA PROVZDI:3G FOR THE SUBMISSION TO THE QUALIFZED VO'IERS OF THE CITY OF KENAI AT A SPEC;AL ELECT.iON TO BE HELD Ft~R THAT PURF'~?5E Zid `i'FIE CITY OF RENAI ON APRIL 9, 1980 OF THE QUESTIUN OF ZSSUIPIG GENERAL OBLIGATION BONDS OR OTHERWISE INCURRIi~G DEBT .7.N AN 1~MOUNT NOT TC EXCEED $400,000 TO PROVIDE A PORTION OF THE FUNDS NECESSARX TO CONS~RUCT A CITY ADMINZSTRATION BUILDING. I WHEREA~, it is necessary and desirable ta move the City of s Kenai, Alaska, (the "City") offices from the Kenai Airport ~.__ Terminal Building so that buiiding can be remadelled to ' I provide more space, and more efficient use of that space, ,~ for airport operation; and WHEREAS, to insure efficient operation of the City, it is deemed necessary and advisable that the City construct a capitai improvement referred to herein as a City Administration Buildinq and the City Council has heretotore determined and ~~es r~:eby de~ermine that constructing and equippinq such a capital improvement which is presently estimated to cost $950,000 is in the public in~erest and is required for the welfare and convenience of the public; and WHEREAS, even though the City has determined to build a City Administration Suilding, financing such construction entireiy by cash would deplete cash reserves of the City to a point where other needed capital improvements might be delayed for one to two years; znd a ~:. ;; ,; ~ _, ~. .. ~~- ; ~ t ~ --~~ ~ ,' . WHEREAS, it is in the best interest,s o~ the City that the City issue and sell its qeneral obligations hands in a principal sum not to exceed $40~,OOU or to otherwise incur debt in an amount which does not exceed $400,000 to pay part of the cost of cons~ructing a City Administration Building, so as to leave ample reserves for funding other capital improvements and for gener.al operat,ions of the City; and WHEREAS, the Constitution and laws of the State of Alaska and the Charter of the City of Kenai provfde that the question of wheth~r or not such debt may be incurred for such a purpose taust be submitted ta L•he qualified voters of the City for their ratification. NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF TEiE CITY OF KENAI, ALASRA, AS FOLLOWS: . r ~ ~ I~ Resolution No. 80-32 ~; Page 2 ~ ~ ~ Section 1: It is hereby determined to be for a public ~ purpose and in the public interest of the City of Kenai to incur indebtedness cf thE City in an amount not to exceed ( $4Q0,000 for the purpose of paying a portion ot the costs of E ~l~nning, designing, acquiring, constructing, improving, and j aquipping of a City Administration Building capital improve- ~ ment in the City. SecL•i~n 2: A sum not exceedin~~ $400,000 shall be borrowed by, for, and on behalf of the City of Kenai for the aforesaid capital improvement and shall be evidenaed by the issuance of general obligation bond~ or other evidence of ~ ~ debt of the City. The amounts so borrowed shall be used for capital improvements only. The full faith and credit of the I City is pledged for the payment of the principal and interest on the ~onds or other debt instrument, and ad valorem taxes ~ upon a21 the taxable property in the City shall be levied ' without limitation as to rate or amou~~t in amounts sufficient to pay principal and interes~ on the bonds or other debt ' instrument when due. The bends or u~her debt instrument shall bear interest at a rate not to exceed the maximum rate permi~ted by Iaw, and shall mature at such time or times within 30 years from date of issue as the Cit~ Council may hereafter determine. The exact date, form, terms, maturities, and covenants of said bonds or other debt instrument shall be as hereafter fixed by ordinance of the City. Secti~n 3: A special election shall be held on April ! 9, 1980, in an8 for the City of Kenai, for the purp~se of submittincT to the qualified voters of the City for approval or rejection a proposition authorizing the borrowing of ~ money and issuing of general obligation bonds or other such evidence of indebtednEas. A majority in favor of the qualified voters who vote on the proposition is required for approval. ~he proposition shall be in substantiall~~ the following form: PROPOSITION City Administration Building -i. Pursuant to Resolution i~~. 80-32 shall the City i of Kenai, Alaska, be authorized to incur indebt~d- ~', ness and to issue its general obligation bonds or other such evidence of indebtedness ir. an amount ~~' c~r amuunts as needed, and not to exceed in the ~ ~. .= :~ ~ ' ~ ---- ~: . f ..~, ~-. Resolution No. 80-32 Page 3 aggregat2 FOUR HUNDRBD THOUSAND DOLI.ARS ($400,000), for the purpose of providing a portion of th~ funds for planning, designinq, acquiring, constructing, improvin~, and eg~•~.pping a City Administration Buil3ing capi~sl improvement in the City, and to pledge the fu~I faith and credit of the City far the payment of the prinripal and interest on the ~ar~u~ or ~ther such evidence of indebtedness? Said general obligdtion bc~nds or other. such evidence of indebtedness are to rnature wit_hin 30 years from the date of issue and are to bear interest at a rate not to excsed L-he maximum rate permitted by law. Section 4: The forec}oing proposition sha12 be printed . in full on the ballot, and the following words shall be added r~low or next to the proposition as appropriate and next t:. a square provided for marking the ballot or voting by machine: FOR THr. PROPOSITION YES j ] ' NO [ ] 1 + Section 5: Those eliqible to vote at said special election mus~t possesr~ the following quali'~ications: (a) They must be at least 18 years of age. `, (b) They must k,e citizens of the United States, ~ residen~s of the State of Alaska and City of Kenai, and for ` thirty (30) days immediately preceding the election, residents -~-°. of the City of Kenai. :~ ~`; ' (c) They must not have been convicted of a felonv `~ ~ involving maral turpitude unless their civil riqhts have " < been restored. < . r~ ;~? (d) They must not have been judiciallY determined to ~ .~.~:: be of unsound mind unless the disability has been removed. A'f ". !~j Section 6: Registration in advance of the elec~ion ~ shall not be required as a qualification of votets at this ; ~ ~ , special election. Sectian 7: Notice of the election shall be published once a week for not less than two consecutive weeks and th~e first notice thereof sha11 be published not less than twEnty (20) days prior to said special election. Said notices shall be published in the Peninsula Clarion which is determined to be a newspaper of general circulation in the City of Kenai. ~ ~~ ~-„-~ ,_ ~ ,t ~ ,r ~ _--- - - - - ' ' -- - - - -_ ' - - __ ~~ ~ ^ ~ • k r ~, r Res~~ution No. 8;-~2 Paae 4 Section 8: The desi~nat~d polling ~lace for all Ci~y precincts will be the Kenai IJationai Guard Armory. Said ~~olls shall be apen from 8:00 a.m. tc t3:00 p.m. on the 9th day of April, 1y80. PASSED BY THE COUNCIL OF TH~ITY OF KEI3A2, ALASKA. ~his 19th day of March, 1980. ,/I ~ ~ ~ -~: ~~ E VINCENT O'REILLY • YOR ATTEST: ~ ~iL ' ~~ ~- et Whelan, C;ity C3.erk ,~ f' ~y ~i ~ t. , ~ -- ~ ~ : . ~-~- _ i ~ ~~ ~~~ ~~~~~~ ~~~ ~~ ~~~~~~ Special ~Iectimn of 1~p~i~ 9,1980 PR4~'OSITI0~1 CITY ADMiNIS"fRATtON BUfLDi~1G Pursuant to Resolution No. sa~2 :h~l! ~h~ City or Kensi, Illa:ka, be autharized to incu: i~debTe~ness and to issue its gen~ral obiigatian boa~s or o'rher such evidence of iidebtedness in an ar: ount or emounts as needed, And nof to exc3ec= in the aggre- eto ~OUR HUNDRED T;~fOUSAP.D DJLLAitS ~$400~000), for fihe purpose of providing a partion of the funds for pianring, designir.g, eca,uicing, con- structing, improving. and equipping a Cify Admin;s- tretion Building c~pital improvemer.f in fihe City, t~d to pled3e the full faith and credit of the City'ror the payment of the principal artd in•'rerest on the i~onds or other such svidpr.ce of indebtedness? S~id goneral obligesion bond~ ~.r rther such eviclence of indebt- edness are to mature within 30 years $rom the date of issue and a~e ta bear inte~est af a rate net to exceed +he maximum rate permitted by la~,. FOR 7HE PROPOSITdE?N YES ^ NO ^ (informoti~n for Vo:cr; ~~~ !ha H~ck~ -- •- -~ . . ~. ~,, CITY OF KENAI SPECIAL ELECTION OF APRIL 9, 1980 ~YE, THE MEMBERS OF TIiE KENAI CITY COUNCIL, DO HEItEBY CEATIFY THE AESOL.TS OF A CaNVASS OF THE BALLOTS FOR THE SPECIAL ELECTION OF APAIL 9. 1980. PROPOSITIOI~1 ~s NO /~ `~ /~ 1 i~~~~~##iM~#tt*~kM~~t~*;~~t~+l~##+~~~Y ~t#~~it~#*/~ #~Y~kk #~Y'+~~Y##~+1~#* *R~~ki~*#*t**~k~Y##~Y~~ ~ $P03LED BALIATS: /~ ABSENTEE BALLOTS: ~ i . CHALLENGED BALLOT3: / D TOTAL BALLOTS CAST: ?yS . ssa~s~srsss~s*ss***~sss~e~~r*ss~s~s~#*~*a~***ss~~~r#~~rs***s~~r~s~*~~s*#~~* , •- ~~~~~~~ VIIJCENT O'REILLY. MAYOR. COUNCILMAN ED A14IBARIAN . i~ ~ ~ ~~D..~°~ COFJNCILMAN Y MEASLE3 COUNCIL MAN BETTY GLICK ~ , ~ 1~ ~ ~~ COUNCILMAN RON MALSTON COUN Ii.MAN JESS HALL ~ LI~C~ COUNCILMAN DICK MUELLEA ATTEST: - ~~+'~%' ~~~Q~ April 10 , 1880 Janet ~helan, City Clerk