HomeMy WebLinkAbout1975 Resolution No. 038•
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RESOLUTION NO. f , SERIES OF 1975 -----
A RESOLUTION SUBMITTING TO THE VOTE OF THE QUALIFIED
ELECTORS OF THE ClTY OF ENGLEWOOD, AT THE GENERAL MUNICIPAL
ELECTION TO BE HELD ON NOVEMBER 4, 1975, A PROPOSAL TO
AUTllORIZE TllE ISSUANCE OF $2,225,000 in GENERAL OBLIGATION
BONDS TO CONSTRUCT A 104 UNIT RESIDENCE FOR THE ELDERLY
WITlllN TllE C:ITY OF ENla.EWOOll, COl.OltAUO.
WHEREAS, the City Council of the City of Englewood
is deeply committed to provide housing for the elderly within
the City of Englewood; and
WHEREAS, the Englewood Housing Authority, with the
financial assistance of the City, has heretofore purchased
real property at East Floyd Avenue at South Lincoln Street
to provide a 104 unit residence for the elderly; and
WHERF.AS, the City of Englewood has authority to con-
struct said housing for the elderly pursuant to the provisions
of the 'City Housing Law' and the 'Housing Authority Law',
pursuant to C.R.S. 1973, Title 29, Article 4, Parts 1 and
; anJ
WHEREAS, Section 104(1)(b), Colorado Revised Stat-
utes 1973, authorizes the City to borrow money and to issue
bonds to finance the construction of such units; and ,,,
WHEREAS /.Part III entitled "Bonded Indebtedness",
Sl•l_·tion 10 11 of th~ r.ity Charter pruviJcs in pertinent part,
as f ollows:
" .... Coun\:il shall have power to issue the
general obligation bonds of the City for any
pubJi c cu pitul purpose, upon mujorlty vote of
the qualified electors of the City voting thereon
at a special election. . . . The total outstanding
general obligation indebtedness of the City,
other than for water bonds, shall not at any
time exceed three (3\) percent of the assessed
valuation of the taxable property within the
City as shown by the last preceding assessment
for tax purposes".
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; n nd
WIWIU.i AS, Section 14, entitled "Special Elections",
authorizes " .... any proposal, question, or proposition
to be submitted at any general or special municipal election
. . . . "; and
WHEREAS, in the event that the issue of general
obligation bonds in a total amount of $2,225,000 is approved
by the qualified voters, such indebtedness would not exceed
the limitation expressed in Section 104 of the City Charter.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL
OF THE CITY OF ENGLEWOOD, COLORADO:
Section 1.
There is hereby submitted to the qualified electors
o f the City at a General Municipal Election to be held
November 4, 1975, a proposal, and ballot title, for the
issuance of general obligation bonds as follows:
Sectio n 2 .
PROPOSAL
SHALL THE CITY COUNCIL OF THE CITY OF ENGLE-
WOOD AUTHORIZE THE ISSUANCE OF $2,225,000
OF GENERAL OBLIGATION BONDS OF THE CITY, THE
PROCEEDS OF WHICH SHALL FINANCE THE CONSTRUCTION
OF A 104 UNIT RESID f NCE STRUCTURE FOR THE
ELDERLY?
That each qualified elector voting at said election,
a nd des i rous o f voting for or against said proposal, shall
i nd i cate his or her choice by depressing the appropriate
c ounter o f the voting machine, which indicates the word "For"
o r "Agai nst", or by appropriate marking upon paper ballots,
wh e r e u se d.
Soc t ion '\ .
I he · I! I c·l I I 1111 t '.111111111 »~I 011 o I l lu· C 11 y o I 1 !11~ l u wood,
f flJlii fh P r wit h fh t;s lli r tir tnr o f lli n ft n c @. @K off i c i o Ci ty Cl @r k -
Trc n :;e erpr , 11 1111 n ll ntllf'r propP r nffi n q ·t; of the• City t:hnll
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give notice of said proposal, and special municipal election
to be held on November 4, 1975 at the general municipal
election, which 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.
This Resolution shall be published in full in the
Englewood-Herald Sentinel on September 4 and 11, 1975.
ADOPTED AND APPROVED this 18th day of August, 1975.
ATTEST:
M//,~?Jk 7 ·~~
ex oflTcro o:tty Cleflc-Treasurer
I, William D. James, ex officio City Clerk-Treasurer
of the City of ENglewood, Colorado, do hereby certify that
the above and foregoing is a true, accurate and complete
copy of the Resolution No. ~ _, Series of 1975.
~~~~-CXO:ficio City c reasurer
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