HomeMy WebLinkAbout1969 Resolution No. 032t t.)'.I
RESOLUTION NO. 32, SERIES OF 1969
RESOLUTION REFERRING PROPOSED CHARTER AMENDMENT TO A
VOTE OF THE QUALIFIED ELECTORS OF THE CITY OF ENGLEWOOD AT THE
NEXT GENERAL MUNICIPAL ELECTION TO BE HELD ON TUESDAY, NOVEMBER
4, 1969, AND DIRECTING THE CITY CLERK AND ELECTION COMMISSION TO
TAKE SUCH STEPS AS MAY BE NECESSARY TO PLACE THE SAME ON THE
BALLOT.
WHEREAS, Article XX of the Constitution of the State
of Colorado and Section 8 of the Charter of the City of Englewood,
Colorado, authorize the City Council of the City of Englewood,
on its own initiative, to submit to a vote of the electors any
proposed amendment to said Charter, either by ordinance or reso-
lution duly adopted not less than thirty (30) days prior to the
election at which such vote shall be taken: and
WHEREAS, the provisions of Section 110, Part III,
Article X, of the Charter of the City of Englewood requires all
general obligation bonds issued by the City to contain provisions
for calling the same at designated periods prior to final due
date, which provision could result in the City's having to pay
a greater interest rate upon its general obligation bonds than
it would were such a requirement not contained within said
Charter , by reason of which it is appropriate that considera-
tion should be given to the removal of said requirement from said
Charter,
NOW, THEREFORE, BE IT RESOLVED by the City Council of
the City of Englewood, Colorado, as follows:
1. That this Council should, and does hereby, refer
to a vote of the qualif icd electors of the City of Englewood,
Colorado, at that general municipal election to be held on
Tuesday, November 4, 1969, a proposed amendment to the Charter
of the City of Englewood, Colorado, which amendment shall read
as f ollows, to wit:
"Article X, Part III, Section 110, of the Charter
of the City of Englewood, Colorado, is hereby
amended to read as follows:
'Section 110. Bond Sales Limitations -
The bonds shall be sold to the highest and
best bidders for cash, and to the best
advantage of the City. The bonds may
contain provisions for calling the same
at designated periods prior to final due
date as City Council may determine.'"
2. That the question to be voted upon at such election
shall read as follows, to wit:
"Shall Article X, Part III, Section 110, of the
Charter of the City of Englewood, Colorado, be
amended so as to remove therefrom the requirement
that all bonds issued by the City contain pro-
visions for calling the same at designated periods
prior to final due date, and to authorize City
Council to determine whether provisions for calling
bonds prior to final due date shall be contained
within the bonds."
3. That the City Clerk and Election Commission of the
City of Englewood, Colorado, arc hereby authorized and directed
to take such steps as may be necessary to assure that said question
shall appear upon the ballot at said election and, in relation
thereto, to exercise such powers and prerogatives as are qrant e d
l o them by J\rlil:le 11 ol Lhc Charter of the City of Englewood,
Colorado.
Attest:
I
I