HomeMy WebLinkAboutresolution.council.005-79RECORD OF PROCEEDINGS
RESOLUTION NO. ~
(Series of 1979)
WHEREAS, the City Council of Aspen, Colorado, has
determined that it is necessary and advisable to submit to the
qualified, registered electors of the City of Aspen two
questions to authorize the issuance of general obligation
bonds for the purpose of street improvements and downtown
beautification; and
WHEREAS, formal action is necessary to place these issues
on the ballot;
NOW, THEREFORE, ~E IT RESOLVED BY THE CITY COUNCIL OF
THE CITY OF ASPEN, COLORADO:
Section 1
That at the General Municipal Election to be held in
the City of Aspen, Colorado, on Tuesday, the 8th day of May,
1979, there shall be submitted to a vote of the qualified,
registered electors of the City, the following question as
set forth below, which question shall be similarly stated in
the Ballot Label and Notice of Election.
FORM OF QUESTION
"VOTE FOR OR AGAINST THE FOLLOWING"
Shall the City of Aspen, Colorado, be authorized
to issue its general obligation bonds in the
principal amount not exceeding $
for the purpose of constructing g~nera~ street
a~--~R-i~and storm drainage improvements, such
bonds to bear interest at a net effective interest
rate not exceeding 7.75% per annum, payable semi-
annually, to mature serially within twenty (20)
years from their date, and to be redeemable at the
option of the city at such time or times and in
such manner, upon payment of such premium or premiums,
if any, not exceeding 3% of the principal, as may
later be determined by the city council.
For
2. Against
RECORD OF PROCEEDINGS
Section 2
That at the General Municipal Election to be held in
the City of Aspen, Colorado, on Tuesday, the 8th day of May,
1979, there shall be submitted to a vote of the qualified
registered electors of the City, the following question as
set forth below, which question shall be similarly stated in
the Ballot Label and Notice of Election.
FORM OF QUESTION
"VOTE FOR OR AGAINST THE FOLLOWING"
Shall the City of Aspen, Colorado, be authorized to
issue its general obligation bonds in the principal
amount not exceeding $1,000,000 for the purpose of
Downtown Beautification, excluding the mall but
including and not limited to, street lighting,
street landscaping, and street, sidewalk and curb
improvements, such bonds to bear interest at a net
effective interest rate not exceeding 7.75% per
annum, payable semi-annually, to mature serially
within twenty (20) years from their date, and to be
redeemable at the option of the city at such time
or times and in such manner, upon payment of such
premium or premiums, if any, not exceeding 3% of
the principal, as may later be determined by the
city council.
1. For
2. Against
Section 3
Those qualified, registered electors of the City who are
qualified to vote under the Constitution and the Charter of
the City of Aspen, shall be allowed to vote on the proposed
questions.
Section 4
The election on the proposed questions will be held at
the designated polling places within the newly established
voting precincts between the hours of 7 A.M. and 7 P.M. on
Tuesday, May 8, 1979, in the City of Aspen, Colorado.
Section 5
The election of the proposed questions shall be conducted
by the judges and clerks who shall be designated by the City
Clerk with the approval of the City Council of the City of
Aspen.
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RECORD OF PROCEEDINGS
Section 6
The provisions of registration of electors and for
voting by absentee ballot on the question of the proposed
questions shall be in accordance with the Colorado Municipal
Election Law.
Section 7
The votes at said election shall be registered on voting
machines and the ballot label shall read similarly to the form
of questions provided in Sections 1 and 2. Each question shall be
separately titled.
Section 8
The election on the questions of the proposed general
obligation bonds shall be held and conducted, and the votes cast
on the questions aforesaid shall be returned and canvassed, and
the result declared in the same manner as nearly as may be
provided by law for the return, canvass and declaration of the
officers of the City of Aspen.
Section 9
The notice of the election on the proposed general
obligation bonds shall be published in the Aspen Times, a
newspaper published and of general circulation in said City,
and a copy of such notice shall be posted at each polling place
within the City, at least ten (10) days before the election.
The City Clerk is hereby charged with the duty of giving
such notice containing such information as is required by
law.
S~cyfSt%ndley III /
i, Kathryn S. Koch, duly appointed and acting City Clerk
do certify that ~e foregoing is a true and accurate copy of
~at resolution adopted by the City Council of the City of
Aspen, Colorado, at a meeting held ~ ~-~ /~ /~ f
Ka~ryn $~och'
City Clerk