HomeMy Public PortalAboutResolution 36-89 Approving a summary of ordinance NO. 560 for publicationRESOLUTION NO. 36 -89
A RESOLUTION OF THE CITY OF McCALL, IDAHO, APPROVING, PURSUANT TO
SECTION 50-901A, IDAHO CODE, A SUMMARY OF ORDINANCE NO. 560 FOR
PUBLICATION
WHEREAS, the City of McCall, Valley County, Idaho (the
"City"), on November 30, 1989, adopted Ordinance No. 560, amending
Ordinance No. 553, adopted by the City Council and approved by the
Mayor on July 14, 1989, with respect to the designation,
maturities, and redemption of the bonds; 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 McCALL, IDAHO, as follows:
Section 1: That the summary of Ordinance No. 560, adopted by
the McCall City Council on November 30, 1989, 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 30th day of November, 1989.
ATTEST:
Z!'.4%1
y- Clerk
( S E A L )
CITY OF McCALL
Valley County, Idaho
SUMMARY OF
ORDINANCE NO. 560
AN ORDINANCE OF THE CITY OF McCALL, IDAHO, RELATING TO THE ISSUANCE
AND SALE OF GENERAL OBLIGATION BONDS, SERIES 1990, IN THE PRINCIPAL
AMOUNT OF $1,100,000; AMENDING ORDINANCE NO. 553, ADOPTED BY THE
CITY COUNCIL AND APPROVED BY THE MAYOR ON JULY 14, 1989, WITH'
RESPECT TO THE DESIGNATION, MATURITIES, AND REDEMPTION OF THE
BONDS; AND PROVIDING FOR THE DATE OF SALE OF THE BONDS
A summary of the principal provisions of Ordinance No. 560,
of the City of McCall, Idaho, adopted on November 30, 1989,. is as
follows:
Section 1: Amends Section 1 of Ordinance No. 553, adopted on
July 14, 1989, to redesignate the City of McCall General Obligation
Bonds (the "Bonds") as Series 1990 Bonds.
Section 2: Amends Section 3 of Ordinance No. 553 to. provide
that the Bonds shall be dated February 1, 1990, and sets forth a
schedule of maturities of the Bonds.
Section 3: Amends Section 4 of Ordinance No. 553 to provide
that the Bonds shall bear interest at a net effective rate of not
to exceed 9% per annum, payable on August 1, 1990, and semiannually
on each February l and August 1 thereafter.
Section 4: Amends Section 8 of Ordinance No. 553 to provide;
dates and terms of redemption of the Bonds prior to stated
maturity.
Section 5: Amends Section 9 of Ordinance No. 553 to provide
that the Bonds shall be sold at public sale on January 25,,1990.
Section 6: Amends Section 13 of Ordinance No. 553 to
redesignate the Bond Fund.
Section 7: Amends Section 16 of Ordinance No. 553 with
respect to certain covenants of the City.
Section 8:
Section 9:
respects.
Section 10:
Page 2
Provides for the form of Bond and Notice of Sale.
Ratifies and confirms Ordinance No. 553 in other
Provides for publication and effective date..
•
The full text of Ordinance No. 560 is available at City Hall
and will be provided to any citizen upon personal request during
normal office hours.
DATED this 30th day of November, 1989.
ATTEST:
CITY OF McCALL
Valley County, Idaho
CERTIFICATION OF CITY ATTORNEY
I, the undersigned City Attorney for and legal advisor to the
City of McCall, Valley County, Idaho, hereby certify „that ,I have
read the attached summary of Ordinance No. 560 of the City of
McCall and that the same is true and complete and provides adequate
notice to the public of the contents of said Ordinance.
Dated this 30th day of November, 1989.
Robert H. Remaklus
City Attorney
Page 3
Publisher's Affidavit of Publication
STATE OF IDAHO
.SS
County of Valley
I, Maggie Aganew, being duly sworn and say, I am the receptionist of
The Central Idaho Star -News, a weekly newspaper published at McCall, in the
County of Valley, State of Idaho; that said newspaper is in general circulation
in the county of aforesaid and is a legal newspaper; that the RESOLUTION
NO.36-89, a copy of which is enclosed hereto and is a part hereof, was pub-
lished in said newspaper once a week for one consecutive week in the
regular and entire issue of every number there of during the period of time of
publication, and was published in the newspaper proper and not in a supple-
ment; and that publication of such notice began December 7 , 1989, and
ended December 7, 1989.
Subscribed and sH%rn before me this the 10th day of December, 1989.
COUNTY OF VALLEY
STATE OF IDAHO
On this 10th day of December, in the year of 1989, before me, a
Notary Public, personally appeared Maggie Aganew, known or identified to me
to be the person whose name subscribed to the within instrument, and being
by me first duly sworn, declared that the statements therein are true, and ac-
knowledged to me that she executed the same.
Tom Grote
Notary Public for Idaho
Residing at McCall, Idaho
Commission Expires: 1993
' RESOLUTION NO.
3 6 - 8 9
A RESOLUTION OF THE CITY OF s
McCALL, IDAHO, APPROVING,
PURSUANT TO SECTION 50-901A, IDAHO
CODE, A SUMMARY OF ORDINANCE NO.
" 560 FOR PUBLICATION
WHEREAS, the City of McCall, Valley
County, Idaho (the "City"), on November
30, 1989, adopted Ordinance No. 560,
amending Ordinance No. 553, adopted by
the City . Council and approved by the
• Mayor on July 14, 1989, with respect to
the designation, maturities, and ;edemption
of the bonds; 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
McCALL, IDAHO, as follows:
Section 1: That the summary of
Ordinance No. 560, adopted by the McCall
City Council on November 30, 1989, 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 30th day of November,
1989.
CITY OF MCCALL, Valley County, Idaho.
John Allen, Mayor,
ATTEST: .Arthur Cleric
SUMMARY OF1ORDINANCE
NO. 560
AN ORDINANCE OF THE CITY OF
McCALL, IDAHO RELATING TO THE
ISSUANCE AND SALE OF GENERAL
OBLIGATION BONDS, SERIES 1990, IN
THE PRINCIPAL •'AMOUNT OF
$1,100,000; AMENDING ORDINANCE NO.
553, ADOPTED BY THE CITY COUNCIL
AND APPROVED BY THE MAYOR ON
JULY 14, 1989, WITH RESPECT TO THE
DESIGNATION, MATURITIES, AND
REDEMPTION OF THE BONDS; AND
PROVIDING FOR THE DATE OF SALE OF
THE BONDS
A summary of the principal provisions
of Ordinance No. 560, of the City of
McCall, Idaho, adopted on November 30,
089, is as follows:
Section 1: Amends Section 1 of
Ordinance No. 553, adopted on July 14,
1989, to redesignate the City of McCall
General Obligation Bonds (the 'Bonds") as
Series 1990 Bonds.
Section 2: Amends Section 3 of
(._Ordinance No. _553 to provide that the
i Bonds shall"be (filed February r, 1990;"'and
j sets forth a schedule of maturities of the
j Bonds.
Section 3: Amends Section 4 of
Ordinance No. 553 to provide that the
Bonds shall bear interest at a net effective
rate of not to exceed 9% per annum,
payable on August 1, 1990, and
semiannually on each February 1 and
4 August 1,thereafter.
4 Section 4: Amends Section 8 of
d Ordinance No. 553 to provide dates and
terms of redemption of the Bonds prior to
I stated maturity.
,Section 5: Amends Section 9 of
Ordinance No. 553 to .provide that the
1 Bonds shall be sold at public sale on
January 25, 1990.
j Section 6: Amends Section 13 of
I Ordinance No. 553 to redesignate the Bond
j Fund.
• Section 7: Amends Section 16 of
Ordinance No. 553 with respect to certain
fi'L$''•a�uu1u9 a