HomeMy WebLinkAbout1994 Ordinance No. 042ORDINANCE NO. 'If!::.-.
SERIES OF 1994
BY AUTHORITY
COUNCIL BILL NO. 44.
INTRODUCED BY COUNCIL
MEMBER WIGGINS
AN ORDINANCE SUBMITTING TO A VOTE OF 1'HE REGISTERED ELECTORS OF
THE CITY OF ENGLEWOOD AT THE NEXT REGULAR MUNlCIPAL ELECTION A
PROPOSED SPECIAL IMPROV&'1ENT ASSESSMENT TAX TO BE IMPOSED UPON
THOSE PROPER1IES THAT HAVE CONCRETE THAT DOES NOT MEET MJNlMUM
CITY STANDARDS AND ISSUE BONDS FOR SAID PURPOSE AND AUTHORIZE DEBT
TO PAY FOR THE IMPROVEMENTS .
WHEREAS, the City Council of Englewood, Colorado, has determined that it is
necessary to create a special improvement district within the City for the purpose of
providing for the removal and replacement of sub-standard curb, gutter, and sidewalk and
the new construction of curb, gutter, and sidewalk improvements, together with necess,.ry
incidentals, within the City and to assess part of the cost of the improvements against the
real property specially benefited by the improvements and included within the district; and
WHEREAS, pursuant to the Charter of the City and Title 11, Chapter 2 of the Municipal
Code of the City, the City Council, upon its own initiative, has determined to proceed with the
removal and replacement or new construction and installation of such improvements;
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
ENGLEWOOD, COLORADO, AS FOLLOWS:
~-Pursuant to the provisions oflaw the City of Englewood hereby submits for a
vote of the registered electors of the City of Englewood at the 1994 Municipal Election the
following ballot question:
SHALL THE CITY OF E:--iGLEWOOD DEBT BE INCREASED $430,000, WITH A
REPAYMENT COST OF $587,000; AND SHALL THE CITY OF ENGLEWOOD TAXES BE
INCREASED $62,000, ANNUALLY (over the life of the district the sum of the tax increase
shall not exceed the sum of $587,000), such amount to be issued for the purpose of paying for
the costs of removing and replacing substandard concrete curb, gutter, and sidewalk to
minimum City specifications the tax to be imposed over a period of ten years and only upon
properties located within local improvement district created within the City; such taxes, to
consist of special assessment bonds, payable solely from the proceeds of special
assessments or other legally available moneys of t he ':ity and the proceeds of such bonds
and special assessments, and investment income then on, be collected and spent by the
City without regard to any expenditure, revenue-raisir g, or other limitation contained
within Article X, Section 20 of th € Colorado ConsUtution'
YES NO
~-lf the majority of the registered electors voting at swd election vote yes for said
proposition the City Council shall at the e uliest practical and lawful time adopt an
ordina nc e conforming to the affirmative vote of the majori:y or said registered electo rs
voting at said s-pecial election.
~ By approVUII thia Ordinance the City is not atatin& that apecial uaeumenta
are by any law tasea. It ia the purpose of thia Ordinance to addl'UI the iuue ol'ftnancin1
,pecial improvement projecta in the moat economical manner and to avoid expenalve, time
con1umin1 litiption and the uncertainties thereof.
1994.
Introduced, read in full, and passed on first reading on the 18th day of July, 1994.
Publiabed u a Bill fo r an Ordinance on the 21st day of July, 1994.
Raad by title and puaed on final reading on the 1st day of August, 1994.
Published by title u Ordinance No . ~ Series of 1994, on • 4th day of Ausuat,
ATTEST:
I, Loucrisbia A. Ellis, City Clerk of the City of Englewood, eo:,rado , hereby certify that
the above end foresoing is a true co11y ,l'f the Ordinance passed on tin al reading and
published by title 115 Ordinance No. ~Series of 1994.
Loucrishia A. Ellis