HomeMy WebLinkAbout2361 ResolutionCITY OF PASCO, WASHINGTON
RESOLUTION NO cD..__%
A RESOLUTION of the City of Pasco, Washington, relating to incurring
indebtedness, providing for the submission to the voters of the City at a special
election to be held therein on March 10, 1998, of a proposition authorizing the
City to incur indebtedness by issuing its general obligation bonds in a par amount
not to exceed $1,700,000, payable by annual property tax levies to be made in
excess of regular property tax levies, for the purpose of paying all or a part of
the cost of renovating the Pasco Library and to relocate the Pasco City Fire
Station No 1 by acquiring, constructing and equipping a new fire station and to
levy those excess property taxes
WHEREAS, the City Council of the City of Pasco, Washington has passed an Ordinance
this date authorizing the submittal of two propositions to incur mdebtedness by the issuance of
general obligation bonds to renovate the Pasco Library and to relocate the Pasco City Fire
Station No 1 by acquiring, constructing, and equipping a new fire station, and pending the
effective date of that Ordinance it is necessary to submit this Resolution to the Franklin County
Auditor for the submission of the propositions to issue those bonds before the voters of the City
at the March 10, 1998 elections, NOW THEREFORE,
BE IT RESOLVED BY THE CITY COUNCIL, CITY OF PASCO, WASHINGTON as
follows
Section 1 The City finds that an emergency exists which requires the making,
constructing and acquiring of the improvements comprising the Library Project and the Fire
Station Project described in the above referenced Ordinance and the Auditor of Franklin County,
Washington as ex officio Supervisor of Elections, is requested to concur in that finding and to
call and conduct a special election to be held in the City on March 10, 1998, for the purpose
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of submitting to the qualified electors of the City for their approval of questions of whether or
not the City shall borrow, not to exceed, $750,000 for the Library Project and $950,000 for the
Fire Station Project, issue its general obligation bonds in those principal amounts for capital
purposes only other than the replacement of equipment and levy the excess taxes necessary to
redeem the bonds as herein set forth
Section 2 The City Clerk is directed to certify to the Auditor of FranIchn County,
Washington, as ex officio Supervisor of Elections, at least 45 days prior to the March 10, 1998,
special election date a copy of this resolution and the propositions to be submitted at that special
election in the form of ballot titles as follows
PROPOSITION NO 1
LIBRARY BONDS - $750,000
Shall the City of Pasco, Washington, borrow $750,000 to renovate the
Pasco Library, including reconstructing the roof, upgrading the electrical, lighting
and research facilities, expanding the reading room and carrying out other capital
purposes and by selling general obligation bonds therefor maturing within 20
years and levy annual excess property taxes necessary to pay and retire the bonds,
as provided in Ordinance No and Resolution No 9
BONDS YES 0 BONDS NO El
PROPOSITION NO 2
FIRE STATION BONDS - $950,000
Shall the City of Pasco, Washington, borrow $950,000 to relocate its Fire
Station No 1 by acquiring, constructing and equipping ( to the extent permitted
by law) a new fire station to improve emergency response services by selling
general obligation bonds therefor maturing within 20 years and levy annual excess
property taxes necessary to pay and retire the bonds, as provided in Ordinance
No and Resolution No 9
BONDS YES 0 BONDS NO 0
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ADOPTED by the City Council of the City of Pasco, Washmgton at a regular open
public meeting thereof, and signed m authentication of its passage this 20th day of January,
1998
City Clerk
APPROVED AS TO FORM
City Attorney
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I, Daniel L Underwood, City Clerk of the City of Pasco, Washington, certify that the
attached copy of Resolution No is a true and correct copy of the origmal Resolution
passed on the 20th day of January, 1998, as that Resolution appears on the Minute Book of the
City
DATED this day of , 1998
Daniel L Underwood
City Clerk
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