HomeMy WebLinkAbout1973 Ordinance No. 032II
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Dn'RODUCBD AS A BILL BY COUNCILMAN SCHWAB
BY AU'l'HORITY
ORDINANCE NO. l!._, SBRIBS OP 1973
Al ORDIIWICI SIBllI'l"l'DfO '1'0 A VO'l'B OP 'l'BI QUALIPIBD ILBC'l'ORS OP THE CITY OP ENGLEWOOD
A't BB OBDRAL llURICIPAL BLBC'l'ION TO BB HELD ON NOVEMBER 6, 1973, A PROPOSED AMENDMENT TO
!Ill ClllRftR OP !RE CI'l'! RBLATIJfO TO 'l'llB PAYllBH'l' OP LOCAL IMPROVEMENT DISTRICT BONDS AND
'IRE &'VBN"l'UAL BLDIIRATION OP '1'HB SURPLUS AND DBPICIBNCY JPUND, AND DECLARING AN EMERGENCY.
VREREAS, Section 9, Article XX or the Conatitution ot the State or Colorado, and
Section 8 ot the Charter ot the Cit1 ot Englewood, Colorado, authorize the Cit1 Council of
tbe CitJ or Englewood on ita own initiative, to aubllit to a vote or the qualified electors
~ propoaed .. endllent to aaid Charter, bJ Ordinance<1dul1 adopted not less than thirty (30)
~· prior to the election at which aaid vote shall be taken; and
VBBRBAS, certain tunda ot the CitJ are preaentl1 trozen in a fund called "Special
Surplus and Deticiencr 1'\and,• which conatitutea ezceaaive aecurit1 tor the payment ot local
Improveaent District Bonda. '!'bat aaid tunda could beat be utilized within the general fund
ot tbe CitJ or to an1 other tund which tbe Council ~ appropriate said money. The City Council
de ... it appropriate to reter to tb4t ,ualitied eleotora ot the City ot Englewood a proposed
Amendaent to Part III, •aonc1 Indebtedneaa•, Section 108 and 109 ot the Charter of the City
ot Englewood.
BE I;t ORDAIRBD BY nB CITY COUNCIL OP 'l'RE CITY OP BNOLBVOOD, COLORADO:
Section 1.
'there ia hereb1 aub•1tted to the properlr qualified electors or the. City at the
General Municipal Election to be held on Nov .. ber 6, 1973, a proposed amendment to the
Charter ot the CitJ ot Inglewood, as tollows:
Section 2.
PART III
BOID INDBM'BDllSS
Section 108: Special or Local I!prov .. ent Diatrict Bonds
Whenever a Public Illprovement District bad paid and cancelled four-fifths of
ita bonds outstanding, and tor anr reason the r ... in1ng assessments are not
paid in time to take up the tinal bonds or the district and interest thereon,
tben the CitJ aball P&J aaid bonds when due and interest due thereon, and
reillburae itaelt bJ collecting the unpaid asseaaaents due said district.
Section 109: Special or Local Improv .. ent District Bonds -Special Fund
'1'be Special Surplus and Deticienc1 Pund, which baa been created and is presently
11&1nta1ned aa additional security tor the p&Jllent or principal and interest of
outstanding bonds ot the City tor Special Iaprovement Districts, shall continue
to be .. 1nta1ned in the proportion that the amount on deposit in the Special
1P\and as ot the ettective date ot this Charter Amendment bears to the total
aaount of bonds preaentl1 outstanding tor euoh Special Improvement Districts or
the CitJ. AnJ aaount not required to be maintained in the Special Fund, shall
be transferred to the General Pund or to anr other tund ot the City, as may be
detel'llined bJ the Citr Council.
'l'be voting .. chin•• and paper ballots tor aaid election shall carry the following
designation which shall be the eubaisaion clause:
POR -
AllBNDllD'l' NO. 2
Aaend1ng the Charter ot the Cit1 ot Englewood bJ even-
tuallJ el11l1nating the Special Surplus and Deticiency
Pund, providing that an1 current amount not required to
be .. intained in a Special Pund shall be tranaterred to
the General Pund or to an1 other tund ot the Cit1 as
deterained bJ the Cit1 Council.
AGAINST
And each qualit1ed elector voting at said election and desirous of voting tor or
against said Allendllent shall indicate h1a choice bJ depreaaing the appropriate counter ot the
voting .. chine which indicates the word •Por" or "Against," or by appropriate marking upon
paper ballots, where uaed.
Section 3.
'l'be proper ofticiala ot the Cit1 ot Englewood shall give notice or said Gen .. al
"'1nicipal Election, which notice shall be published in the manner and tor the length ot time
required bJ law, and tbe ballots cast at auch election shall be canvassed and the re,ult
ascertained, detel'llined and certitied as required bJ law.
Section -·
Ina811Ucb as the Ordinance submitting the Charter Amendment to l.the certitied electors
ot tbe CitJ ot Inglewood mast be t1nall1 passed thirt1 (30) da1s prior to the General Municipa1
Election, Cit1 Council finds and detel'llinea that an .. ergenc1 exiits and that the enactment of
the foregoing Ordinance ia necessarr tor the illllediate preservation or the public health,
peace, aatet1 and good order and, theretore, this Ordinance shall become etfective on publica-
tion tollow1ng t1nal passage.
Introduced, read 1n tull and passed on tirat reading the 4th day or September, 1973.
Published as a bill tor an Ordinance on the 6th day or September, 1973.
Read bJ title and passed on rinal reading on the 17th day or September. 1973.
Publiabed by title as Ordinance No. 32, Series or 1973, on the 00th day or
Septeaber, 1973.
~..,/..:k-
111&1or
A'l"fBS'l':
~' orr1010 CltJ Cler~~---rreasurer
I, Karl Rollenberger, do hereb1 certit1 that .the above and foregoing is a true,
aooUl'ate and complete cop1 or an Ordinance paaaed on tinal reading and published by title
aa Ordinance Ro. 32, Series ot 1973.
/(J.1"oU~
ex orr1010-C1.tt-Cl.erk -Treasurer
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