HomeMy Public PortalAboutRES1993-01_Summary of Ordinance 54_10031992 RESOLUTION NO. 93-1
A RESOLUTION OF THE CITY OF IONA, IDAHO, APPROVING, PURSUANT TO
SECTION 50-901A, IDAHO CODE, A SUMMARY OF ORDINANCE NO. 54 FOR
PUBLICATION
WHEREAS, the City of Iona, Bonneville County, Idaho (the
"City") , on October 3, 1992, adopted Ordinance No. 54, ordering a
special bond election on the question of the issuance of revenue
bonds in the principal amount of not to exceed $300, 000; and
WHEREAS, the City is authorized, by Section 50-901A, Idaho
Code, to publish, in lieu of the entire ordinance, a summary
thereof.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF IONA, IDAHO, as follows:
Section 1: That the summary of Ordinance No. 54, adopted by
the Iona City Council on October 3, 1992, a copy of which summary
is annexed hereto as Exhibit "A, " be, and the same is hereby,
approved.
Section 2 : This Resolution shall take effect and be in force
from and after its passage and approval.
DATED this 3rd day of October, 1992.
CITY OF IONA
Bonnevill County, Idaho
/74
e/(10-/ 104- --1-".1---
Mayor
ATTEST:_ _ - - /-/ 4//liktil
City Clerk
( S E A L )
SUMMARY OF
ORDINANCE NO. 54
AN ORDINANCE PROVIDING FOR THE CONSTRUCTION AND INSTALLATION OF
IMPROVEMENTS TO THE DOMESTIC WATER SYSTEM OF THE CITY OF IONA, OF
BONNEVILLE COUNTY, IDAHO; CALLING A SPECIAL ELECTION FOR THE
SUBMISSION TO THE QUALIFIED ELECTORS OF THE CITY THE QUESTION OF
THE ISSUANCE OF REVENUE BONDS IN THE AMOUNT OF NOT TO EXCEED
$300,000 TO PAY A PORTION OF THE COST THEREOF; ESTABLISHING THE
DATE, TIME, AND PLACE OF SAID ELECTION; PROVIDING FOR PUBLIC NOTICE
OF SAID ELECTION; AND PROVIDING FOR OTHER MATTERS RELATING THERETO
A summary of the principal provisions of Ordinance No. 54 of
the City of Iona, Bonneville County, Idaho, adopted on October 3,
1992, is as follows:
Section 1: Defines the domestic water system capital
improvement project, estimates the total cost at $600, 000, and
provides for issuance of revenue bonds, subject to approval of the
qualified electors of the City, in the amount of not to exceed
$300, 000 to pay a portion of the cost of the Project.
Section 2: Provides for a special municipal bond election to
be held within the City on Tuesday, October 27, 1992, for the
purpose of enabling the qualified electors of the City to vote upon
the proposition of issuing revenue bonds.
Section 3: Provides that the polls at said election shall
open at 12:00 o'clock noon on October 27, 1992, and shall remain
open until 8: 00 o'clock p.m. , and provides that the polling place
for said special bond election shall be Iona City Hall, 3606 North
Main, Iona, Idaho.
Section 4 : Provides that the ballot title shall be substan-
tially as follows:
SHALL THE CITY OF IONA ISSUE AND SELL ITS REVENUE
BONDS IN THE PRINCIPAL AMOUNT OF NOT TO EXCEED
$300, 000 TO PAY THE COSTS OF IMPROVEMENTS AND
BETTERMENTS TO THE CITY'S DOMESTIC WATER SYSTEM,
SAID BONDS TO MATURE OVER A PERIOD WHICH MAY BE
LESS THAN BUT WHICH SHALL NOT EXCEED TWENTY (20)
YEARS AND TO BE PAYABLE SOLELY FROM THE REVENUES OF
THE DOMESTIC WATER SYSTEM, ALL AS MORE FULLY
PROVIDED IN ORDINANCE NO. 54, ADOPTED ON OCTOBER 3,
1992?
Section 5: Provides for payment of election expenses.
Page 1 - EXHIBIT "A"
Section 6: Defines qualified electors as persons eighteen
(18) years of age or older who are registered qualified electors of
the City.
Section 7 : Provides for registration of voters.
Section 8: Provides for preparation of sample ballots.
Section 9 : Provides for publication of Notice of Special Bond
Election.
Section 10: Provides for canvass of votes.
Section 11: Provides for Debt Disclosure Statement pursuant
to Idaho Code S 34-440.
Section 12 : Provides for the issuance of revenue bonds
maturing over a period of not to exceed twenty (20) years, and
provides for other matters relating to the revenue bonds.
Section 13 : Authorizes the officers of the City to take
appropriate actions to effectuate the provisions of this Ordinance.
Section 14: Ratifies previous actions.
Section 15: Provides for publication of a summary of the
Ordinance.
The full text of Ordinance No. 54 is available at City Hall
and will be provided to any citizen upon personal request during
normal office hours.
DATED this 3rd day of October, 1992 .
CITY OF IONA
Bonnevill County, Idaho
/41/7
4 6/ lies
Mayor
ATTEST:
A'74'14
City Clerk
( S E A L )
Page 2 - EXHIBIT "A"
CERTIFICATION OF ATTORNEY
I, the undersigned attorney at law, duly licensed in the State
of Idaho and legal advisor to the City of Iona, Bonneville County,
Idaho, hereby certify that I have read the attached summary of
Ordinance No. 54 of the City of Iona and that the same is true and
complete and provides adequate notice to the public of the contents
of said Ordinance.
Dated as of the 3rd day of October, 1992.
Attorney at Law
Page 3 - EXHIBIT "A"