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Home My WebLink AboutRESOLUTION 1971-06~ ^~ , ~ _' -'- _ _ ____ _ _ _ ~ _ _ __ _ _ ` _ ~,.,_ ~~.,~_ , . _., __~--_-- ~ - . , _- - --- - a~y ~;~ -~-~ _--•--- -- ~._....~---~-~ t~ ' _ • - _. CITY OF KENAI - RESOIATION NO. 71-6 PFOVIDING FOR TNE SUBMISSION TO THE QUAY.IFIED VOTERS OP THE CITY OF KENAI, AIJSSK]~. AT A SPECIAL ELECPION TO BE HELD THEREIh ON MAY 25, 1971, OP A PROPOSITION, OR PAOPOSITIONS, ON WNETHER OR NdT THE CITY SHOULD ISSUE ITS GENER~L OBLIGATION BONDS IN THE PRINCIPAL SUM OF 54,000,000, TO PROVIDE ALL OR PART OP T~ FUNDS NECESSARY TO DES~GN, PLAN, CONSTRUCT, PURCHASE, OR OTHER- WI3E ACQUIRE OR OBTAIN PEDERAI. OR STATE MATpiING FUNDS TO PURCHASE, DESIGDI, PLAN, CONSTRUCT. OR OTHERWISE ACQt1IRE CAPITAL IMPRdVEMENTS i9ITHIN AND OUTSIDE THE CITY LII+lITS OF THE CITY OF KENA= CONSISTING OF (1) A COMBINATION CIVIC CENTER - LIBIiARY - CONVENTZON CENTER - SWIl+IHIING POOL - CODB~UNITY HEAI.TE! FACILITY (2) IMPRWEi~ENTS TO Tf~ CITY WATER AND SEWER S'l5TEM (3) CONSTRUCTI~N OF A FIRE DEPARTt~NT/POLICE BUILDING. l4) IMPROVEMENTS TO THE KENAI AIRPORT (5) CONSTRUCTION OF, OR OTE~RWI3E ACQUIRING AN INDUSTRIAL WATER COLLECTIdI+I AND DISTRIBUTION SYSTEM SERVING RES2DENT8 AND NON-RESIDENTS WITHIN ADiD WITHOUT THE CITY LIMITS (6) A MEMOR- I]Ii. PARK, A RIFLE RANGE, PARKS AND RECREATION (7) IMPROVF.MENTS FOR A SMALL SOAT HARHOR (B t 9) xFlPROVEN~NTS TO GRAVEL STREETS OR PAVING OF STREETS (10) IMPROVE- MENTS TO OR ADDZTIONS TO AN BISTORICAL SITE KNOiQN AS FORT KENAY, ALL, OR ANY PART OF $AID IMPROVENiLNTS TO 8E PAID BY, IN WHOLE OR IN PART, PROM F[JNDS SECURED FROM GENERAL OBLIGATIaDI BONDS OF THE CITY OF KENAI, OR FEDERAL OR STATE FINANCIAL OR MATCHING F~1ND GRAt~1T8, THE SAID 6ENERAL OBLIGATION BONDS TO BEAR INTEREST AT A RATE NdP '1"~ E7tCEED T[~ !lAXIMUM RATE PERMITPED SY LAW AT THE TIME OF ANY SALE THEREOF, 1~0 MATIIRE IN NOT TO EXCEED THIATY (30) YEARS FROM DATE OF ISSUE, AND TO 86 PAID BOTH PRINCIPAL AND INT~REST FROM ANNUAL TAX LEVZES TO BE MADE iJPON ALL TAXABLE PROPERTY WITEIIN THE CITY, WITHbUT LIMITATION, AS TO A RATE OR AMOUNT, OR FROM SUCN CQNStJI~RS SALES TIUt LL'NY AS MliY BE MADE FOR THE CITY OF KENAi UPON ALL RETAIL SALES, RENTS, OR SERNICES ~ AS PRESENTLY DEFINED AND ENFORCED BY THE KENAI PENINSULA BOROUGH. wHEREAS, to further the health and welfare of the fnhabitants of the Cfty of Kenai, Alaeka, it Ss aeemed eecessary and advisable that the City purchase, construct, or otherwise acquire the capital improvenuants listed in Sectfon 2 of this resolution, ancl to provide funds to pay part or all of the costs of the eeid pro- posed capita2 impsovements, that the City issue and sell its General Obligation Bonds in the principal sum of 54,000,000 andf WHEREAS, the Constitution and laws of the State of Alaska provide that que~tions of whether or not such bonds may be isaued for such purposes muat be submitted to the qualigied voters of the City for their ratificatfon or rQjection, 8E IT RESOLVED BY THE COUNCIL OF THE CITY OF KENAI, AI~ASKA: Section l. It fa hereby foun$ ancl declared that the public health, welfare, safety, and convenience zequire the Cfty to carry; aut the plans for capital im- provemente within, and outside the City limits, as hereinafter provided. Section 2. The Cfty shall purchase, acquire, build, construct or otherwise acquire the capital imprrn,rements as enumerated below: ( ___ ~ T ~. ~ '°'v CAPITAL ZHPROVEt~lENTS PROGRAM t'RQJECT ESTIMATED COSTS ~ li I ~ I , If r L.. _ ! _ ~ •~ ,~- „ --~ -- --- _ . .. ~ PORTION OP ESTIHATED COSTS PROPQ~SED TO BE FUNDED FROM CI1'Y GENERAL OBLIGATION BONDS l. Civic Center, Library, Conveation Center, Swicmning Pool, Ffne Asts Lixtle Thedter S 1,600,000 S 80(f,000 2. City Water/5ever Syatem Additions 2,813,600 1,074,950 3. Fire/POlice Hall 600,000 4SO,OOd ~. lcenai Airport RamP. Taxiways, and other i~provements 1,345,650 526,587 5• IrWustrial Waier Line 2,900,000 686 332 6. M~mprisl Park, Parks and I Recreatioa, Rifie Range, ~'~ TrA~ 129 , 364 64 ,682 7. S~ali Soat Harbor Con~tzuction 515,000 25,0~0 8. Improvements -Gravel St~raets 314 , 574 314 , 574 9. In~psovea~ents -Paved Stseets 32,875 32,875 10. Fort ICenay Improveaients 27,000 15,000 510,278,063 S4,000,000 FunBe for the City's portfon of this capital improvements program ahall be provided through the sale of generai cbliqation bon8s of the City. Section 3. The bonde of any or each issue authorized by a speciai election ehall bs sold in auch aimounts of not less than par plna accrued interest to d~te ot delivesy aud at sach time or times as ~ound to be necessary and as permitted by lav-, shall bear intereat et a rate not tc exceed the maxinium rate permitted by law, an8 shall mature at such tiate or times rvithin thirty (30) years from date of ies~e as the City Council may hereinafter determiae. The exact date, furm, terms, maturiti~s and covenants of said bonds shall be as hereinafter fixed by ordinance of the City. Section 4. if the ~ur~ae available wiil not permit the conatruction, installation, or acquisition, or are not ia sufficient quantities to match all or part of the above deacsibed improvements, or if anticipated Federai or State graata for thc constructi~n ~~ ... ~- ~ ~ ~-. _ _.... .. _ F1~ ,~ -- - .v --. of sdid improvements are not obtained or reduced, then such portion af the aut- horized bond issue as may lre found to be most necessary under all the circ~unstances by the City Council, upon the advice of its engineers, shall be constructed, in- stalled or otherwfse acquired. Section 5. The proposition or propositfons whether or not the City shall iasue said generai obliqatfon bonds far the purposes described in Section 2 hereof, shail bs sut~aitted to the qusliffed voters of the City for their ratification or re~ectfon at s special election to be held withfn the City on May 25, 1971. Said proposit.ion sball be in the folloviag terms: PROPOSITION NO. 1 Kenai 1971 Capital Improvement General obliqation Bond $4 , 000 ,000 5~11 tiu City of Kenai iseue its General obligation Bonds in the prina~pal ~um of 54,000,000 to provide all or part of the funde neceseary to design, plan, conatsttet, purchase, or othe~cs~ise acquire or obtafn capital improvements within and outside the City limits consisting of a combination civic center-lfbrary-coa- vention center-awi.~aing pool-Health Center, improvea-eats to the City water and sesrer aystem, a fire department/police bufiding, improvert~ents to the Ke:-ai Airport, an iadustrial water zransmission end distribution system serving residents and non- reaidents rfthin au~d outside the City limits, a memorial park, a rifle range, im- provements for a si1i11 boat harbor, improvements to yravel streets or pavinq of streets, improvements to a historical site knavn as Fort Kenay, costs of all, or any pArt of said capital improvements to be pafd, in whole or in part, fromi![tiiids secured from General Obligation HonBs of the City of Kenai, the said bonds to bear intereat at a rate not to exceed the maximum rate permitted by law at the tilhe 6~ a~- sale thereof, to mature not to exceed thirty (30) years £rom date of issue, and to be paid both principal and interest from annual ta~c levfes to be made upon all taxable property ~rithin the City, wfthout lfmitation, as to rate or aaount, or from auch consumers sales tax levy as may be made for the City of Kenai upon all retail sales, rentis, or services made or rendered within the City, consumere' sales tauc ia all as more specifically provided in Resolution No. 71-6, adoptec] April 7, 1971 ~ ~ i i i; i~ ~ ~+ ~ I ~ 'r. ~ . ~- . _ i ~,~ : ~=_.~""' '_ _ __ FOR CAPITAL IMPROVENIENTS BQNDS / / AGAINST CAPITAL IMPROVEMENTS BONDS / / Section 6. Those eligfble to vote at said special election must posaess the foliowing qualifications: (a) They must be at least 18 years of aqe. (b) They must be citixens of the United States, and for at least one year preceding the eleation, citizens o€ the State of Alaska, and for thirty (30) days fmmediately preceding r~e election residents of the City ot Kenai, Alaska. Section 7. Reqistration in advance of the election shall not be requfre8 as a qualflicatfon of troters at this special election. Seation 8. Notice of the election shall be publiahed once a week for aot less thaa three consecutive weeks and the first aotiee thereoP shall be published aot less thar~ n+enty (20) days prior to said special election. Said notices sball ba publiehe8 in the Cook Inlet Courier, which is determineS ta be a neWapaper of gensral circulation in the City of Kenai, or srall be posted at least twenty (20) days prior to said election in thsee conspicuous pAaces within the Citiy. Ssctfon 9. The designated pollinq place for all City precincta Wfli be the City Recraation Center Building. said polls shall be open from 8:00 A.M. to 8:00 P.M. on the 25th day of May, 1971. Saction 10. The following ~ualiffed voters of the City are hereby appofnted t+o serve as judqes and clerks at st~d special election: Ju ea Clerks ~r ~ ~ m~ ~` ~ ---..- ~ . _ - - .w~s~.~er~w.. ~I ~. . ~ • .. 9 ._~ ~ -_ ---_ _ _ --~ - -- Publica~ti~n pf this resolution shall be made by posting a copy hereof cq the City Council bulletin board for a period of ten (10) days follawing its passaqe. PASSED This ~~ day of April, 1971. I ~ 11TTFST s ~ Sha~on Stesliag, Actinq Cit Clerk CITY OF KENAE, W~ASKA BYs ~ %1~_ ~. ~ ~1."~~,~ 1~ /OHN F. STEINAECK. Mayor- ~ ; , ( , ~ ~ -i . ~ ~ ~~ - _ , n - - ---- - ~---- - ~`"'~~.~ . --- _ _ .-~^..,~_.-._ _>.. .. . .. _ _ ~.~. ,.. _ ~.~_=; ._ -w = - -- - ---- ---~ ._ '~wy.~ ~ ~1 CITY OF KH:NAI - R~SOLUTION N0. 71-~ PROVIDINQ FOR THE SUBMISSION TO THE QUALIFIED VOTERS OF THE CI`1'Y OF KENAI, ALASKA, AT A SPECIAL ELECTION TO IiE HEI,D T};LRA~IN ON MAY 25, 1971, OF A PROPOSITION, OR PROPOSITIONS, ON WHETHER OR NOT THE CITY SHOULD ISSUE ITS GENERAL OBLI(3ATTON BONDS IN THE PRINCIPAL SUM OF $4,000,000 TO PROVIDE ALL OR PART OF THE FUNDS NECESSARY TO DESI(3N, PLAN, CONSTRUCT, PURCHASE, OR OTHERWISE ACQUIRE OR OBTAIN FEDERAL OR STATE MATCHING FUNDS TO_PURCHASE, DESI(iN, PLAN, CONSTRUCT, OH OTHERWISE ACQUIRE CAPITAL IMPROVE- MENTS WITHIN AND ~TSIDE THE CITY LIMITS OF THE CITY OF KENAI CONSISTIN(i OF A~~ OMBINATION CIVIC CENTER -- LIBRARY - CONVENTION CENTER - SWIMMIN(3 ~ COM~Mtl~1~/./~~I/~~~~ ~ ~i~r~Tr nr.tn ~- POOL - ~ IMPROVEMENTS TO THE CITY WATER AND SEWER_SYSTEM,~C~STRUCTION OF A FIRE DEPARTMENT/POLICE BUILDINa, 1 IMPROVE NTS TO TH~ENAI AIRPORT CONSTRUCTION OF, OR OTHERWISE ACQUIR- ' ~ IN(3 AN INDUSTRSAL WATER N'-AND DISTRIBUTION SYSTEM SERVIN(3 RESI- . 6 DENTS AND NON-RESID~NTS WITHTN AND WITHOUT THE CITY LIMITS, A MEMORIAL ~ PARK, A RIFLE RAN(iE,rIMPROVEM~NTS FO A SMALL BOAT HARBOR,"IMPROVEM~NTS TO aRAVEL STREETS OR PAVIN(i OF STREETS,,~,IMPROVEMENTS TO OR ADDITIONS TO i o ~__~.1 AN HISTORICAL SITE KNOWN AS FOR: KENAY, ALL, OR ANY PART OF SAID IMPROVE- MENTS,TO BE PAID BY, IN WHOLE OR IN PART, FROM FUNDS SECURED FROM (3EN~RAL OgLI(3ATION BONDS OF THE CITY OF KENAI, OR FEDERAL OR STATE FINAN- CIAI: OR MATCHIN(3 FUND (3RANTS, THE SAIn OENERAL OBLIGATION BONDS TO BEAR INTERE3T AT A RATE NOT TO EXCEED THE MAXIMUM RATE PERMITT~;D BY LAW AT THE TIME OF ANY 3ALE ~HEREOF, TO MATURE ~N NOT TO EXC~~D THIRTY (30) YEARS FROM DATE OF ISSUE, ANU TO !3B PAID BOTH PRINCIPAL AND INTER~ST FROM ANNUAL TAX LEVIES TO BE MADE UI'ON ALL TAXABLE PROP~;RTY WImHIN THE CITY, WITHOIJT LIMITATION, AS TO A RATE OR AMOUNT, OR FROM SUCH CONSUMERS SAL~S TAX LEVY AS MAY BE MADE FOR THE CITY OF KENAI UPON ALL R~TAIL SALES, REN7'S, OR SERVICES A3 PRESENTLY DEFINED AND ENFORCED BY THE KENAI PENINSULA BOROU(~H . WHSREAS, to further the health and welfare of the inhabitants of the City of Kenai, Alaska, it ia deemed necessar;; and advisable that the City purchase, construct, or otherwise acquire the capi~al improvements lis~ed in Section 2 of this resolution, and ta provide funds to pay part or all -~ t of the costs of the said proposed capital improvements, that the City issue and sell its Qeneral Obli~ation Bonds 1n the principal sum of ~4,0OO,OUO and WHEREAS, the Constitutiion and laws of the State of Alaska provide that questions of whether or not such bonds ma~ be issued far such purposes must be submitted to the qualified voters of the City for their ratifica- tlon or re~ection, : BE IT RESOLVED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA: : Section 1. It is hereby found and declared that the public health, welPare, saPety, and convenience require the City to carry out the plans for capital improvements within, and outside of the City limits, as hereinafter provided. Sect, ion 2. The City shall purchase, acquire, build, construct or otherwise acquire the capital improvements as enumerated below: CAPITAL IMPROVEMENTS PROQRAM ' PROJECT ESTIMATED C03TS PORTION OF ESTIMATED COSTS PROPOSED TO BE FUNDED FROM CTTY QENER- A~ OBLIdATION BONDS 1. Civic Center, Library, Convention Center, Swim- ming Pool, Fine Arts ~,~.od~. Little Theater $ 1,600,000 $ 3~-8- -6~Op , 2. City Water/Sewer System Additions 2,813,600 1,074,95~ 3. Fire/Police Hall 600,000 450,000 4. Kenai Airport Ramp, Taxiways, and other improvements 1,3~5,b5o 526,5$7 5. Industrial Water Line 2, yU0 , 000 [~q~, ~~ pr 6. Memorial Park, Parks and Recreation, Rifle Range, ~~ ~ 3~~+ b~(,L•zz- Drag Strip .1,2-3.,~~6g S.B,~.~,g7 7. Small Boat Harbor ~~:.ooa ~;,nc~~ Construct lon 4~-; 8IIn ~~ 8. Improvements - (3ravel 3:u,~~.~ St reet s 314 , 57 4 ~2-- -9~ 9 , 9. Improvementis - Paved Streeta 32,8"15 32,b75 10. Fort Kenay Improvementis 27 U00 _ . ~ 1~~LUUO 'r---- ----- I 3 , 8-,-~ 2 0 $~~ 5 ;~ rv.:.~~L~, C~-a ~, :~. , p.,, . ~~w~~~•~~~ • , ~ ~TS~~e.~. ~-i~ . w ~w~..r~-~~ . . ~ ~.. . . . _ . . ~ . . ' ..._J[_ .. - . . .... .~. ..~/HimYa~ . - '.- .. . . . . -~ .. _. - . ~ . ' .,i._•-._ '_ _._-_- ' ^ ~v ~, Funds for the City's portion of this capital improvements pro~rr~m shall be proveded through the sale of general obli~;ation bonds o; the City. Sectian ::. The bonds of any or eacl: issue authori~ed by a epecial election shal7. be sold in such amounts of not less than par plus accrued interest to date of delivery and at such time or times ~s found to be necessary and as permitted by law, shall bear interest at a rate not to exceed the maximum r~ate permitte~ by law, and shall mature at such time or Limes w~thin thirty (30) years from date of issue as the City Council may hereinaf'ter det,ermine. The exact date, form, terms, maturities and covenants of said bonds shall be as hereinafter fixed by ordinance of the City. Seetion 4. If the funds available will not permit the construction, installation, or acqulsition, or are not in sufficient quantities to match a].1 or part of the above described improvements, or if antici- pated Federal or State grants for tihe censtruction of s$3d improvements are not obtained or reduced, f,hen such portion of the authorized bond issue as may be found to be most necessary under all the circumstances by the City Council, upon the adVice of its engineers, shall be con- structed, installed or otherwise acquired. 3ection 5. The proposition or propositions whebher or not the - City shall issue said general obligation bonds for the purposes described in Section 2 hereof, shall be submitted to the qualified voters of the City Por their ratificatyon or reJ'ection at a special election to be held within tihe City on May 25, 1971• Said proposition shall be in the following terms: PliOPOSITION N~. Kenai 1971 Capital Impravement General Obligation Bond $4,OOO,oOU Shall the City of Kenai issue its qeneral Obligation Honds in the principal sum of $4,OOU,OUO to prvvide all or ~ part of the funds necessary to design, plan, construct, pur- j chase, or otherwise acquire or obtain capital improvements ' within and outside the City limits consisting of a combination r~L N Ly,a t~.r «.~L. ~ civic center-library-convention center-swimmin~; pool-~'~;~-~~~s t , ~ "`~~~~-~cT~~airr-vur'siri~rQ, improvemen~s to the City water anci ~~ ~ ~ l « „ _ ,. ~..~_ ~ -.-, T -~__ - - _----- ----._ .... _ _..~... . -.._. • . ""a"a+~i~wdVf3r.:•.._~~-~ty,~ _--- ' - :. _ .. . -- - - - ~ r -~ sewer system, a fire department/police buildin~, improvements ~l1•NN~sh"'..~oN to the Kenai Aiirport, an industrial water ce~-~eet~on and dis- tribution system servi.ng residelits and non-residents within and ou~side the City limits, a memorial park, a rifle range, improvements for a small boat harbor, improvements to gravel streets or paving of streets, improvements to ~tr hist~rical site known as For~ Kenay, costs of all, or any part of said capital improvements to be paid, in whole or in part, from Punds secured from (3eneral obligation 6onds of the City of Kenai, the said bonds to bear interest at a rate not to exceed the maximum rate permltted by law at the time of any sale thereof, to mature not to exceed thirty (3~) years from date of issue, and to be paid both principal and interes~ from annual tax levies to be made upon all taxable property within the City, without limitation, as to rate or amount, or from such aonsumers sales tax levy as may be made for the City of Kenai upon a7.1 retail sales, rents, or services made or rendered within the City, consumers' sales tax ia al.l as more specifically provided in Resolution No. 71-6, adopted April 7, 1971. FOR CAPITAL IMPROVEMENTS I30NDS ~~ AUAINST CAPITAL IMPROVEM~;NTS BONUS T~T ti Section 6. Thoa,tZ-e].igible to vote at said special election must possess the follow~.ng qualifications: (a) They muat be a least 18 years of age. (b) They must be citizens of the United States, and for at least one year preceding tihe election, citizens of the State of Alaska, and for thirt~r (30) days immediately precedin~; the election residents of the City of Kenai, Alaska. Section 7. Registra~ion in acivance of the election shall not be required as a qualification of voters at this special election. ~~- __ ~,~~ ~ ,~ -,° .,:. : . ~ . . _ ~.~ . .. a.~~~-e~4~--~~s+~'~~ . ~ V - "`" 1 , PASSED this day of April 1971. CITY OF KENAI, ALASKA ~ -r .- --~ ~wr°"c-.c~a~r'~r~4~'!~!~-TF` %L.:_ _ ~~ . _ _.. . . .__ "'.~mr~~Iw~~~.~ -1~~s- " ^~MR~'I~ r - Section 8. Notice of the election ~hall Ne published once a week for not less than threp consecutive weeks ~nd the Pirst notice thereof shall be published not less than twenty (20) days prior to said special election. Said notices shall be published in the , whieh is determined to be a newspaper of general circulatlon in the City of Kenai, or shall ~e poste~d at least twenty (20) days prior to s8~d election in three conspicuous places within,the City. Sectian 9• `Phe designated Folling place for all City pr~cinats: will be the City Recreation Center Building. Said polls shall be open rrom 5:00 A. M. to 8:00 P. M. ca the 25th day of May 1971. 3ection 10. The following quallfied voters of the City are hereby appointed to serve ae J~dges and clerks at said special election: Jud es Clerks Publication of this resolution shall be made by posting a copy hereof on tihe City Council bulletin board for a period of ten (10) days following its passage. Attest : By : JOHN S'i'EINB~:CK, Mayor -•--~- -~ City Clerk