HomeMy WebLinkAboutresolution.council.013-99 RESOLUTION NO. 13
(Series of 1999)
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ASPEN, COLORADO,
SUBMITTING TO THE ELECTORATE OF THE CITY OF ASPEN CERTAIN
QUESTIONS AT THE MAY 4, 1999, MUNICIPAL ELECTION, AND SETTING SUCH
BALLOT TITLES AND QUESTIONS.
WHEREAS, In December of 1997, the Parks Department and Recreation
Department began the process for' developing a master plan for Iselin Park to create a
long term vision for the Moore Playing Fields and Iselin Park, and
~3FI-IEREAS, a Citizen's Task Force was appointed by City Council to make
recommendations on improvements to Iselin Park including analyzing Iselin and
surrounding open spaces for recreational opportunities, aesthetic and environmental
enhancements, and evaluating possible traffic and transit improvements to create a
"Community Campus", and
WHEREAS, the Master Plan created a synergistic phenomenon that expanded
beyond the boundaries of the Community Campus several citizen committees looked at
recreational facilities throughout the community, including Plumtree Park, the Aspen
Golf Course, Wagner Park, the Yellow Brick Park, the existing Ice Rink, and the
connecting pedestrian links to the campus such as Cemetery Lane and the Rio Grande
Trail, and
WHEREAS, the issuance of Revenue Bonds by the City of Aspen to fund these
recreational facilities make financial sense for a number of reasons, including extremely
low interest rates, no new taxes needed to fund the improvements, and the reqtfisite
financial resources would be made available immediately from the sale of bonds thereby
allowing the desired projects to be completed in a relatively short time period; and
WHEREAS, the City's .45% sales tax dedicated to the support of affordable
housing and day care has an expiration date of June 30, 2000, and the City Council desires
to extend the expiration date of this sales tax to June 30, 2010; and
WHEREAS, the City Council has determined that it is in the best interests of the
City of Aspen to convert approximately 3 acres of an underutilized portion of the Aspen
Municipal Golf Course to expand the Truscott Place Affordable Housing; and
WHEREAS, Section 13.4 of the Aspen City Charter requires voter approval for
any change in use of real property acquired for open space purposes; and
WHEREAS, Article X, Section 20(4) of the Colorado Constitution requires
municipalities to obtain voter approval in advance of the creation of any multiple fiscal
year direct or indirect debt; and
WHEREAS, the City Council is further authorized pursuant to Section 5.7 of the
Aspen City Charter to, on its own motion, submit questions to a vote of the electorate.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF ASPEN, COLORADO, THAT:
Section 1.
The following question, authorizing the City of Aspen to issue revenue bonds in an
aggregate pr'mcipal amount of not to exceed thirteen million eight hundred ninety four
thousand dollars ($13,894,000.00) for the payment of the cost of certain improvements,
construction costs, supporting facilities, and authorizing the receipt and expenditures of
bond proceeds, shall be placed on the ballot at the City's biennial election to be held on
May 4, 1999:
CITY OF ASPEN BALLOT QUESTION - RECREATION FACILITIES
REVENUE BOND QUESTION
SHALL CITY OF ASPEN DEBT BE INCREASED $13,894,000.00, WITH A
MAXIMUM REPAYMENT COST OF $24,100,000.00, (BUT WITH NO
INCREASE IN THE CITY'S EXISTING TAXES), FOR THE PURPOSE OF
CONSTRUCTING AND IMPROVING CERTAIN CITY RECREATIONAL
AND PARK FACILITIES, INCLUDING, BUT NOT LIMITED TO:
CONSTRUCTION OF A SWIMMING POOL AT ISELIN
PARK;
· CONSTRUCTION OF A NEW CLUBHOUSE, PRO-SHOP, NORDIC
CENTER, AND RESTAURANT AT THE CITY'S MUNICPAL GOLF
COURSE;
· RENOVATION OF THE CITY'S EXISTING ICE RINK AT THE ICE
GARDEN; AND
· CONSTRUCTION AND RENOVATION OF BASEBALL/SOFTBALL
FIELDS, TENNIS COURTS, BASKETBALL COURTS, TRAILS AND
PEDESTRIAN WALKWAYS, ANCILLARY PARKING FACILITIES,
LANDSCAPING, AND RELATED IMPROVEMENTS THROUGHOUT
THE CITY PARK SYSTEM INCLUDING:
· ISELIN PARK;
· MOORE PLAYING FIELDS;
·. THE ASPEN SCHOOL DISTRICT CAMPUS;
· PLUM TREE PARK;
· WAGNER PARK;
· YELLOW BRICK SCHOOL PARK;
· RIO GRANDE TRAIL;
· CEMETERY LANE;
SUCH DEBT TO CONSIST OF THE ISSUANCE AND PAYMENT OF SALES
TAX REVENUE BONDS, PAYABLE FROM THE EXISTING ONE PERCENT
SALES TAX OF THE CITY DEPOSITED TO THE PARKS AND OPEN
SPACE FUND OF THE CITY; WHICH BONDS SHALL BEAR INTEREST
AND MATURE, BE SUBJECT TO REDEMPTION, WITH OR WITHOUT A
PREMIUM, AND BE ISSUED, DATED AND SOLD AT SUCH TIME OR
TIMES, AT SUCH PRICES (AT, ABOVE OR BELOW PAR) AND IN SUCH
MANNER AND CONTAINING SUCH TERMS, NOT INCONSISTENT
HEREWITH, AS THE CITY COUNCIL MAY DETERMINE; AND SHALL
ANY EARNINGS (REGARDLESS OF AMOUNT) FROM THE INVESTMENT
OF THE PROCEEDS OF SUCH BONDS cONSTITUTE A VOTER-
APPROVED REVENUE CHANGE?
Section 2.
The following question, authorizing the City of Aspen to extend the .45 % sales tax
earmarked for the support of affordable housing and day care from June 30, 2000, to June
30, 2010, shall be placed on the ballot at the City's biennial election to be held on May 4,
1999:
CITY OF ASPEN BALLOT QUESTION - AUTHORIZATION TO EXTEND
THE EXISTING .45% AFFORDABLE HOUSING AND DAY CARE SALES
TAX:
SHALL THE CITY OF ASPEN .45% SALES TAX AUTHORIZED BY
ORDINANCE No. 81, SERIES OF 1989, EARMARKED FOR AFFORDABLE
HOUSING AND DAY CARE, BE EXTENDED BEYOND ITS CURRENT
EXPIRATION DATE OF JUNE 30, 2000, TO JUNE 30, 2010, (THE
MAXIMUM AMOUNT TO BE COLLECTED IN 2000 FROM THE
EXTENSION OF THE .45% SALES TAX, AS CALCULATED, IS
$2,200,000.00)?
Section 3.
The following question, authorizing the City of Aspen to lease to the Aspen/Pitkin
County Housing Authority approximately 3 acres of an underutilized portion of the Aspen
Municipal Golf Course property for the expansion of the Truscott Place affordable
housing site, shall be placed on the ballot at the City's biennial election to be held on May
4, 1999:
CITY OF ASPEN BALLOT QUESTION - EXPANSION OF TRUSCOTT
PLACE AFFORDABLE HOUSING PROJECT:
Shall the City of Aspen be authorized to sell or enter into a long term lease with
the Aspen/Pitkin County Housing Authority for up to 3 acres of the dirt storage
area immediately adjacent to the Tmscott Place Affordable Housing site for the
expansion of the current Tmscott Place Affordable Housing?
INTRODUCED. READ AND ADOPTED by the City Council of the City of
Aspen on the 8th of March, 1999.
I, Kathryn S. Koch, duly appointed and acting City Clerk do certify that the
foregoing is a true and accurate copy of that resolution adopted by the City Council of the
City..of Aspen, Colorado, at a meeting held on the day hereinabove stated.
: -' -"- - Kathryn~./,~~lerk
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