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HomeMy WebLinkAbout2016 Ordinance No. 031ORDINANCE NO. J / SERIES OF 2016 BY AUTHORITY COUNCIL BILL NO. 30 Il'fl'RODUCEOBYCOUNCIL MEMBER GILLIT AN ORDINANCE SUBMIITING TO A VOTE OF THE REGISTERED ELECTORS OF THE CITY OF ENGLEWOOD AT THE NEXT MUNICIPAL ELECTION A BALLOT ISSUE AUTIIORIZING THE ISSUANCE OF GENERAL OBLIGATION BONDS OF THE CITY OF ENGLEWOOD FOR THE PURPOSE OF FINANCING THE CONSTRUCTION OF A NEW ENGLEWOOD POLICE DEPARTMENT HEADQUARTERS BUILDING INCLUDING ALL NECESSARY AND APPURTENANT FACll,ITIES OR PROPER.TY. WHEREAS, this bill for an ordinance would submit to the registered voters of the City of Englewood a ballot question issue regarding the issuance of debt for the purpose of financing the construction of a new Police Department Headquarters Building including all necessary and appurtenant facilities or pr operty; and WHEREAS, Article X, Section 20 of the Colorado Constitution requires that the City have voter approval prior to issuance of any multiple-fiscal year direct or indirect debt or other financial obligation whatsoever; and WHEREAS, City staff and the City Council agree that the existing Police Services Building is outdated and in need of replacement; and WHEREAS, replacing the current Police Station will enable the City to provide modem facilities for our Police to preserve records and DNA Evidence from Cold Case Files to meet National Certification Standards; and WHEREAS, replacing the current police station will enable the City to provide sufficient secured areas so victims who give their statements about a crime are not in close proximity to those arrested for committing the crime; and WHEREAS, replacing the current police station with a facility that allows for modem internet, modern computers, locker rooms and training equipment for up-to-date policing needs; and WHEREAS, providing Englewood Police additional tools, such as more holding cells that they need to more safely handle those arrested for suspected criminal activity and protect the public safety, and secured parking to protect officers and their families; and WHEREAS, the City's Financial Services Department, City Manager's Office, Police Department and the City's financial advisor have worked together to find the least expensive method to finance the construction of a new Englewood Police Headquarters Building; and 1 -- WHEREAS, the least expensive method of financing these improvements is by issuing general obligation debt; and WHEREAS, the issuance of this debt is included in the City's debt ceiling computation and will not, at any time, exceed three percent of the actual valuation of the taxable property within the City. NOW, TIIEREFORE, BE IT ORDAJNED BY THE CITY COUNCIL OF THE CITY OF ENGLEWOOD, COLORADO, THAT: Section 1. Pursuant to the provisions of law the City of Englewood hereby submits for a vote of the registered electors of the City of Englewood at the General Election held on November 8, 2016 the following ballot issue: Ballot Issue SHALL THE CITY OF ENGLEWOOD DEBT BE INCREASED $27 MILLION, WITH A REPAYMENT COST OF UP TO $47.9 MILLION, AND SHALL THE CITY TAXES BE INCREASED BY UP TO $2.2 MILLION ANNUALLY FOR THE PURPOSE OF PROTECTING CRlME VICTIMS, POLICE OFFICERS AND THE COMMUNITY BY FINANCING THE ACQUISmON, CONSTRUCTION AND EQUIPPING OF LAND, IF NECESSARY, AND RELATED CAPITAL IMPROVEMENTS FOR USE AS A NEW ENGLEWOOD POLICE DEPARTMENT HEADQUARTERS BUILDING INCLUDING: -PROVIDING MODERN FACILITIES FOR OUR POLICE TO PRESERVERECORDS AND DNA EVIDENCE FROM COLD CASE FILES TO MEET NATIONAL CERTIFICATION STANDARDS; -PROVIDING SUFFICIENT SECURED AREAS SO VICTIMS WHO GIVE THEIRSTATEMENTS ABOUT A CRIME ARE NOT IN CLOSE PROXIMITY TO TIIOSE ARRESTED FOR COMMITTING THE CRIME; -REPLACING TIIE CURRENT POLICE STATION WITH A FACILITY TIIATALLOWS FOR MODERN INTERNET, MODERN COMPUTERS, LOCKER ROOMS AND TRAINING EQUIPMENT FOR UP-TO-DATE POLICING NEEDS;AND -PROVIDING ENGLEWOOD POLICE ADDmONAL TOOLS, SUCH AS MOREHOLDING CELLS THAT THEY NEED TO MORE SAFELY HANDLE TIIOSE ARRESTED FOR SUSPECTED CRIMINAL ACTIVITY AND PROTECT THE PUBLIC SAFETY, AND SECURED PARKING TO PROTECT OFFICERS AND THEIR F AMIT.JES; AND TO THE EXTENT FUNDS ARE AV AJLABLE ADDRESSING OTHER SAFETY SERVICES NEEDS, BY THE ISSUANCE AND PAYMENT OF GENERAL OBLIGATION BONDS WHICH SHALL BEAR INTEREST, MATURE, BE SUBJECT TO REDEMPTION, WITH OR WITHOUT PREMIUM, AND BE ISSUED AT SUCH TIME, AT SUCH PRICE (AT ABOVE OR BELOW PAR) AND IN SUCH MANNER AND CONTAINING SUCH TERMS, NOT INCONSISTENT WITH THIS BALLOT ISSUE, AS THE CITY COUNCIL MAY DETERMINE; SHALL AD V ALOREM 2 PROPERTY TAXES BE LEVIED WITHOUT LIMIT AS TO THE MILL RATE TO GENERATE AN AMOUNT SUFFICIENT IN EACH YEAR TO PAY THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON SUCH DEBT AND SHALL ANY INVESTMENT EARNINGS FROM THE PROCEEDS OF SUCH BONDS CONSTITUTE A VOTER-APPROVED REVENUE CHANGE? YES _______NO _______ Section 2. Each elector voting at said election and desirous of voting shall indicate his/her choice by depressing the appropriate counter of the voting machine or by the appropriate marking upon paper ballots where used. Section 3. The proper officials of the City of Englewood shall give notice of said next scheduled municipal election, such notice shall be published in the manner and for the length of time required by law, and the ballots cast at such election shall be canvassed and the result ascertained, determined, and certified as required by law. Section 4. If a majority of the votes cast on the ballot issues submitted at the election shall be in favor of the ballot issue, the City acting through the City Council shall be authorized to proceed with the necessary actions in accordance with the ballot issue which has been so approved. Section 5. For purposes of Section 1-11-203.5, C.R.S., this Ordinance shall serve to set the title and content of the ballot issue set forth herein and the ballot title for such question shall be the text of the question itself. Any petition to contest the form or content of the ballot title may be filed with the District Court and a copy served on the City Clerk within five days after the title of the ballot question is set by the City Council on final reading of this Ordinance. Section 6. If any section, paragraph, clause, or other portion of this Ordinance is for any reason held to be invalid or unenforceable, the invalidity or unenforceability shall not affect any of the remaining portions of this Ordinance. Introduced, read in full, and passed on first reading on the 15th day of August, 2016. Published by Title as a Bill for an Ordinance in the City's official newspaper on the 18th day of August, 2016. Published as a Bill for an Ordinance on the City's official website beginning on the 17th day of August, 2016 for thirty (30) days. Read by title and passed on final reading on the 6th day of September, 2016. Published by title in the City's official newspaper as Ordinance No.$1_, Series of 2016, on the 8th day of September, 2016. 3 Published by title on the City's official website beginning o September, 2016 for thirty (30) days. I, Loucrishia A. Ellis, City Clerk of the City of Englewood, Colorado, hereby certify that the above and foregoing is j true copy of the Ordinance passed on final reading and published by title as Ordinance No. ;;u_, Series of 2016. COUNCIL COMMUNICATION Meeting Date: Agenda Item: Subject: General Obligation Bond Ballot Language (for September 6, 2016 the Safety Services Building 11bi replacement) - 2nd Reading Initiated By: Finance and Administrative Staff Source: Kathleen Rinkel, Director of Services Finance and Administrative Services PREVIOUS COUNCIL ACTION Replacing the Safety Services building was identified as a Council goal. During the Council Study session on June 27, 2016, a feasibility study and finance analysis was completed and presented to Council to validate the need for replacing the Safety Services Building. Council directed staff to move forward with the replacement effort. On July 5, 2016, Council approved a contract with Mile High Public Affairs to include development of public relations/communications plan, provide media consulting, and conduct voter surveys to determine community support of the City's efforts in developing a ballot issue and campaign for the Safety Services bui lding replacement. The voter survey/polling was completed and presented to Council on August 1, 2016. Supported by extremely favorable polling results, Council directed staff to develop ballot language to place the Gener al Obligation bond issue on the November 2016 ballot. RECOMMENDED ACTION Finance and Administrative Services staff recommends Council approve a bill for an ordinance, on second reading, approving ballot language for a General Obligation Bond. BACKGROUND, ANALYSIS, AND ALTERNATIVES IDENTIFIED Per State law, the voters must approve any additional taxation. To be able to collect property tax to pay for the principal and interest on General Obligations bonds issued, a ballot issue must be approved by the voters for the specific tax. The ballot language proposed is structured to meet TABOR requirements. This General Obligation bond proceeds will fund the new Safety Services building construction and associated safety services equipment ne eds. The debt requested is $27,000,000 and will be issued at, above or below Par based on investor appetite and City needs. The taxpayer cost is expected to be approximately $2.00 per month per $100,000 of property value. FINANCIAL IMPACT Cost of issuance of the Bonds, the Safety Services building construction and the associated Safety Services equipment will be paid from the Bond proceeds . The debt related costs (principal, interest and any other associated costs) will be covered with the dedicated property tax revenue stream approved by the voters. l, . LIST OF ATTACHMENTS Bill for an Ordinance with Proposed Ballot language COUNCIL COMMUNICATION Meeting Date: Agenda Item: Subject: General Obligation Bond Ballot Language (for August 15, 2016 the Safety Services Building 11aii replacement) Initiated By: Finance and Administrative Staff Source: Kathleen Rinkel, Director of Services Finance and Administrative Services PREVIOUS COUNCI L ACTION Replacing the Safety Services building was identified as a Council goal. During the Council Study session on June 27, 2016, a feasibility study and finance analysis was completed and presented to Council to validate the need for replacing the Safety Services Building. Council directed staff to move forward with the replacement effort. On July 5, 2016, Council approved a contract with Mile High Public Affairs to include development of public relations/communications plan, provide media consulting, and conduct voter surveys to determine community support of the City's efforts in developing a ballot issue and campaign for the Safety Services building replacement. The voter survey/polling was completed and presented to Council on August 1, 2016. Supported by extremely favorable polling results, Council directed staff to develop ballot language to place the General Obligation bond issue on the November 2016 ballot. RECOMMENDED ACTION Staff recommends Council approve, by motion, the General Obligation bond ballot language for the November 2016 election. BACKGROUND, ANALYSIS, AND ALTERNATIVES IDENTIFIED Per State law, the voters must approve any additional taxation. To be able to collect property tax to pay for the principal and interest on General Obligations bonds issued, a ballot issue must be approved by the voters for the specific tax. The ballot language proposed is structured to meet TABOR requirements. This General Obligation bond proceeds will fund the new Safety Services building construction and associated safety services equipment needs. The debt requested is $27,000,000 and will be issued at, above or below Par based on investor appetite and City needs. The taxpayer cost is expected to be approximately $2.00 per month per $100,000 of property value. FINANCIAL IMPACT Cost of issuance of the Bonds, the Safety Services building construction and the associated Safety Services equipment will be paid from the Bond proceeds. The debt related costs (principal, interest and any other associated costs) will be covered with the dedicated property tax revenue stream approved by the voters. , LIST OF ATTACHMENTS Bill for an Ordinance with Proposed Ballot language