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HomeMy WebLinkAboutRESOLUTION 1971-13~ ~i~- ~ ~a ~ , ` p / i + CI ~Y UF '(.I•.iiA! (tt•.:~UI.U. i~~!! ;:'.1. '(1-~ ; PROVIDING FOR 7'H~ AI~IEi7ll;~it•.1~':' ~~F Itc~GLU`1'IUPJ; "(1-'( A:1L 71-1u 'i'G At;L•!:u SECTION 2 OF HESOI,U`i IUtJ "(1-lU -- ::EC; IOId "P~" . WHERCAS, the Capital Improvements Pro~ram for 7'~71 for ttie Ci~y of 'f.en~i has been describeci, for submission to tP,e vot-er:, on tiay r;, 1>(1, rrith ~reater precisian by the submission of ei~;ht separate propo~itions rather than a combined sin~;le proposition and the chan~e~ are required in the camplementaxy sales tax propositior,. HE IT RESOLVED ~3Y THE COUI~CIL OF KE[~AI: Seetion I. That the instructions stated in ~ection "H" of Resolution 71-10.are hereby repealed and re-enacted to read as follows: Section 2. A proposition whether or not the City shall secure gE:neral tax revenues by enactment of a consumer retail sales tax to repay such general obli~;ation bonaa, as rnay be author- ized at a special election to be held in ~he City of itenai on May ~~, 1971, shall be submitted to the qualified voters of the City for their ratification or re,~ectian. S21c1 propo- sition shall be in the follor~ing terms: PROPOSITION N0. 9 If ane or more propo3itiflns authorizin~; saie of ~eneral obligation bonds are passed by voters at a special election to be held in the City of Kenai on May 25, 1971, then as the City Coancil may decide, on or after July 1, 1971, shail such bonds be wholly, or partial].y, repaid by the impo3ition of a one percent (1%) consumer re~ail sales t2x on all retail sales, rents, and services made or rendered withir. the city l.imits, 2.11 revenues ef such tax to be dedicated to retire said bon<i~, said retail sales tax to be levied ~ai~ r~ot rr:,re than five years after initial enactment? FOR 01JE PERC~:td'!' ( 1;~ ) SALES TAX % % AGAIAIST OtJE P~HCEIJT (1% ) SALEiS TAX / / Section II. '!'he chan~es made to the propo~ition vLated in Resolutior~ Ivo. 71-10 which chan~es are incorporatec~ in the I~rvr~osition set fortt~ ir~ Section I of the resolution are nere~y f'ound ancl determir,ed to be directory on1y.~In order to best facili~a~e tre election, the pendin~ notices . shall be ehanged to reflect the amended proposition a~ specified in Section I of ~his enactment. 5ection III. All actiona prior +;o enactment of tnis Resolution 2r~e hereby deemed and decl2red to be necessGry to carry out Lhe intent u: the Council of the Cit;~ of Ken~i, and such chGn~res or correction~.; Gs directed herein bein~ proceduru] in nature, Gi~e h~reby Ueclareu tu Ue enacteci nunc pro tunc. PASSI~:D .~ ~lay of i~ay, ] y't] . Cit;~ of Y,enai . ; ~y , ~.~ L ~~~ ~~~f~~ / - ~ ~ a c JOifIJ F. u.~`li;IlJi3f C, I~fayour --__~'_._- AT7'~~T : . _ __ ~-~~ ~ Ac~in~; City ; erk - -, ~ . . : ., -_ - - _ .--- - ~ ---~---,... . . _ _ . . . ._ ..- . - -