HomeMy WebLinkAbout1996-10-08 EC CORRESPONDENCE/ -
City of Englewood
October 8, 1996
Arapahoe County Clerk and Recorder
Elections Office
5334 South Prince Street
Littleton, CO 80166
3400 S. Elati Street
Englewood , Colorado 801 10-2304
Phone (303) 762-2300
(303) 762-2301
FAX (3 03 ) 789-1125
Attached is a copy of the City of Englewood Tabor Notice for the November 5 ,
1996 Election . Additionally , I am providing the Notice on diskette in
WordPerfect 5. 1.
If you have any questions please give me a call , 762-2407 .
Thanks for your help!
oucrishia A Ellis
City Clerk
cc : Frank Gryglewicz, Director of Financial Services
Steve Dazzio, Chief Accountant
Stu Fonda , Director of Utilities
Dan Brotzman , City Attorney
Doug Clark, City Manager
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THIS NOTICE IS MAILED TO EACH ADDRESS WITH ONE OR MORE ACTIVE, REGISTERED
ELECTORS. YOU MAY NOT BE ABLE TO VOTE ON ALL ISSUES PRESENTED.
TO ALL REGISTERED VOTERS
CITY OF ENGLEWOOD, COLORADO
NOTICE OF ELECTION TO INCREASE TAXES AND TO INCREASE DEBT ON A REFERRED MEASURE
Coordinated Election
Date of Election: November 5, 1996
Hours: 7:00a.m. to 7:00 p.m.
Local Election Office and Phone Number:
Ballot Title and Text:
City Clerk's omce
3400 South Elati Street
Englewood, Colorado 80110
Phone Number: (303) 762-2405
BALLOT QUESTION 2A
SHALL THE CITY OF ENGLEWOOD DEBT BE INCREASED $8,850,000.00 WITH A REPAYMENT COST OF
$15 ,315,350.00 AND SHALL THE CITY OF ENGLEWOOD'S TAXES BE INCREASED $807,000 .00 ANNUALLY
FOR THE PAYMENT OF SUCH DEBT, ALL FOR THE PURPOSE OF FINANCING THE CONSTRUCTION OF
IMPROVEMENTS TO THE CITY 'S WATER SYSTEM AND THE PURCHASE OF WATER PROCESSING
EQUIPMENT INCLUDING ALL NECESSARY AND APPURTENANT FACILITIES , BY THE ISSUANCE AND
PAYMENT OF GENERAL OBLIGATION BONDS PAY ABLE FROM SUCH CITY FEES , TAXES OR OTHER
REVENUES AS THE CITY COUNCIL MAY DETERMINE, WHICH BONDS SHALL BE SUBJECT TO
REDEMPTION, WITH OR WITHOUT PREMIUM, AND BE ISSUED AT SUCH MAXIMUM INTEREST RATE,
DATED AND SOLD AT SUCH TIME OR TIMES AT SUCH PRICES (AT, ABOVE, OR BELOW PAR) AND IN SUCH
MANNER AND CONTAINING SUCH TERMS NOT INCONSISTENT HEREWITH, AS THE CITY COUNCIL MAY
DETERMINE, WHICH AUTHORIZATION SHALL INCLUDE AUTHORIZATION TO REFUND SUCH BONDS
WITHOUT ADDITIONAL VOTER APPROVAL; AND IN CONNECTION THEREWITH IF DETERMINED BY THE
CITY COUNCIL (I) SHALL THE CITY'S AD V ALO REM PROPERTY TAXES BE INCREASED IN ANY YEAR IN AN
AMOUNT SUFFICIENT TO PAY THE PRINCIPAL OF, PREMIUM, IF ANY, AND INTEREST ON SUCH BONDS
WHEN DUE, WITHOUT LIMITATION AS TO RATE OR AMOUNT OR ANY OTHER CONDITION, AND (II) SHALL
THE REVENUES FROM SUCH TAXES AND ANY EARNINGS THEREON AND FROM THE INVESTMENT OF THE
PROCEEDS OF SUCH BONDS CONSTITUTE A VOTER-APPROVED REVENUE CHANGE?
The following infonnation is provided in accordance with Article X, Section 20, (3)(b) Colorado State Constitution (TABOR
Amendment).
1992 Actual
1993 Actual
1994 Actual
1995 Actual
1996 Estimate
Fiscal Year
Spending
22,508,987
23,617,063
24,499,691
24,713 ,139
25 ,491,440
Overall percentage change in fiscal year spending over the five year period from 1992 through 1996 : 13 .25%
Overall dollar change in fiscal year spending over the five year period from 1992 through 1996: $2,982,453
Estimated 1997 fiscal year spending without including the tax increase authorized by the ballot proposal: $27,000,000
Infonnation regarding bonded debt proposed by the ballot proposal:
Principal amount of proposed bonded debt: $8 ,850,000
Maximum annual repayment cost of proposed debt principal and interest: $807,000
Total repayment cost of proposed debt principal and interest: $15,315 ,350
lnfonnation regarding current debt proposed bv the ballot proposal :
Principal balance of current bonded debt: $2, 765 ,000
Maximum annual repayment cost of current bonded debt principal and interest: $474,790
Total repayment cost of bonded debt principal and interest: $3 ,224,658
Those IN FAVOR of Question 2A say:
NO COMMENTS WERE FILED BY THE CONSTITUTIONAL DEADLINE .
Those OPPOSED to Question 2A say:
NO COMMENTS WERE FILED BY THE CONSTITUTIONAL DEADLINE.