HomeMy Public PortalAbout2009-18 A Resolution Approving A Public Measure For The November 3, 2009, Ballot To Include Additional Taxation Levy For Certain Capital Improvement Projects & Letter to Rosanna MoritzRESOLUTION 2009-IS: APPROVING A PUBLIC MEASURE FOR THE
NOVEMBER 3, 2009, BALLOT TO INCLUDE ADDITIONAL TAXATION LEVY
FOR CERTAIN CAPITAL IMPROVEMENT PROJECTS
WHEREAS, the City Council for the City of Riverdale, Iowa, desires to call for a vote at the
November 3, 2009, election to establish a capital improvements reserve fund for the purpose of the
purchase of new fire trucks, the funding of capital maintenance and re-equipping of existing fire
trucks, and also for street repair, replacement, placement, and maintenance, and to levy a tax not to
exceed sixty-seven and one-half cents per thousand dollars of taxable value for those purposes for a
period not to exceed twenty years.
NOW, THEREFORE, BE IT RESOLVED, BY THE CITY COUNCIL OF THE CITY OF
RIVERDALE, IOWA, the county commissioner of elections of Scott County is hereby directed to give
notice of, and submit to voters of the City of Riverdale, Iowa at the city election to be held
November 3, 2009, the following proposition:
"Shall the City Council of the City of Riverdale, Iowa establish a Capital Improvements
Reserve Fund and levy taxes at a rate not to exceed sixty-seven and one-half cents per
thousand dollars of taxable value each year, for a period not to exceed twenty years,
commencing with the levy for the fiscal year 2010, payable in fiscal years ending June 30,
2011 through June 30, 2031, for the purpose of the purchase of new fire trucks, the funding
of capital maintenance and re-equipping of existing fire trucks, and also for street repair,
replacement, placement, and maintenance in the City of Riverdale, Iowa?"
BE IT FURTHER RESOLVED, BY THE CITY COUNCIL OF THE CITY OF RIVERDALE, IOWA, if
said propositions is approved by a majority of the electors who voted thereon, the City Council of
the City of Riverdale, Iowa shall establish a Capital Improvement Reserve Fund for the specific
purposes approved by the voters and levy taxes each year, unless such authority is later terminated
by election, in the amount approved by the voters, which shall not exceed a total of sixty-seven and
one-half cents per thousand dollars of taxable value for a period, and shall not exceed twenty years.
Taxes so levied shall be deposited in the Capital Improvement Reserve Fund and shall be invested
in interest bearing securities as may, now or hereafter be authorized by law until such time as said
monies will be needed for the authorized purposes within the City of Riverdale, Iowa.
Approved and adopted this 17`h day of September, 2009.
Ayes: ~ R ax,K ~ ~ r~ ~ C-~ax,+~o~c1, Nays: Absent:
~~PP ~ ~ k ~~-` ~~ sQ~,
re Grindle, Mayor
ATTEST:
Paula McIntosh, City Clerk
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110 1VIANOR DRIVE
RIVERDALE, f04VA 52722
P. O. BOX 3 6 4
BETTS\DORF, IOWA 52722
PIIO~E (563)355-25]1
Ms. Roxanna Moritz
Auditor and Commissioner of Elections
Scott County
Scott County Administration Center
600 West 4 Street
Davenport, Iowa 52801
Dear Ms. Moritz:
The City Council for the City of Riverdale, Iowa has passed the enclosed Resolution for
placement of the following question on the November 3, 2009, ballot. Please note that this
Resolution would establish a Capital Improvements Reserve Fund and levy taxes for that fund
pursuant to Iowa Code Section 384.7. The language approved for the ballot is as follows:
Shall the City Council of the City of Riverdale, Iowa establish a Capital Improvements
Reserve Fund and levy taxes at a rate not to exceed sixty-seven and one-half cents per
thousand dollars of taxable value each year, for a period not to exceed twenty years,
commencing with the levy for the fiscal year 2010, payable in fiscal years ending June
30, 2011 through June 30, 2031, for the purpose of the purchase of new fire trucks, the
funding of capital maintenance and re-equipping of existing fire trucks, and also for street
repair, replacement, placement, and maintenance in the City of Riverdale, Iowa?
Thank you for your assistance. Please feel free to contact us if you have any comments
or questions.
~Q~tt~lL`~Y»C~~'
Paula McIntosh
City Clerk of Riverdale, Iowa