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HomeMy Public PortalAboutResolution 18-89 Approving a summary of ordinance no. 553 for publication IN HIM P --- �1 MIN I■® ■M ®■® OE■■■p Publisher 's Affidavit of Pu ®■ MINH STATE OF IDAHO ® 0z MINN ■® ■■N■■® ; .ss M■■■■® ■■® County of Valley .,.■'©. ©®■ I,Maggie Aganew, being duly sworn and say, I am the receptionist of p` depseupaM ennis!ow — I. pasuepuoD EE The Central Idaho Star-News,a weekly newspaper published at McCall, in the CBaa 1 40 LE County of Valley,State of Idaho; that said newspaper is in general circulation NMOa sem in the county of aforesaid and is a legal newspaper;that the CITY OF McCALL Al u88.16.19A3 6Z RESOLUTION 18-89, a copy of which is enclosed hereto and m a part hereof, ;o su!!,aS Lg 'I�mo s'IOEa sZ uo!uf I I )lu!Ja 4Z was published in said newspaper once a week for one consecutive week in aq to— 99 e!4aq!S the regular and entire issue of every number there of during the period of time 1 olelod 3aamS gg u!Jambi ZZ of publication,and was published in the newspaper proper and not in a supple- 068 isen 49 uosJapuv eu!�;ooa Z9 —ess1I0IN LZ ment;and that publication of such notice began July 19, 1989,and ended July r punow;!off 1.9segno 19, 1989. _ Jemodw3 8g owl Ina 6L sJalew o!gno gg uonounfuoo LI. I OIPBIS E5 dl!P!IoS gL wopwl!; ew!1 ' H L5 • ;o po!�ad 4L! /,� ��,w,11 ;o ra�un ikt '� lJ�i1r>! J I! II!Si 05 a�np nbi! C a!x! d 84 ol�laW EI Subscribes a ��•rn before me is he 1st day of February, 1990. !` 6ulaq!entov 94 iepn6 npu!H 44 • o!Lleg leAeJ0 Z4 Jo ue!dse3 Z! STATE OF IDAHO wog o4 up!deu ' !ogwds s,dgeg 6 COUNTY OF VALLEY t umunllal 68 6u!weij tr auoog•1!/!! LE u!eLunow ue�!eaM gE 46!H L On this 1st day of February, in the year of 1990, before me,a ewoy IV 4E ' SS EM 6IH Notary Public,personally appeared Maggie Aganew, known or identified to me to be the person whose name subscribed to the within instrument,and being i . by me first duly sworn,declared that the statements therein are true,and ac- knowledged to me that she executed the same. 11OMSSOID / . `\�,`F(1(1(1(!(II(//jr _ •12!NOUN nod mom nod S eo aq RIN 1 j, siapeag •smunloa pawn?aqi;o siapuai` 1 �i� �� of swab papaauun 2u!Ilas 4daaow Tom Grote emew a ai! aeo 50A IHSVD V?1LXH NIIVH Notary Public for Idaho r ' Residingat McCall,Idaho aiuegaay�! , k (.- r • outy • :ranedag aauenddy saueatJ/=a4se r ,. __ Commission Expires:1993 apppA saA aspompz :sra31soM 2urpue'I :iai — '� ( -2n3 gsn:a:ra!r!urrdspow&url:uoseys/sodaA ,%/ -ms:sraruadre J'sraiiro pooman,3 soreradp njtog VIEW ramod:ioo3 dud:ssarsoH/IsoH :aau!1y•i8 D •lssy!lout-op uagom/ :Iuepnauy JolunoD :ssanieit/rnieM :rad!aH uaait)/ :sr!ooJ tsagseMrgs!Q :sra)aa4J/rac gse J::aueap Taprawwo J!orb PP4J!PrenD _ - ' airy-hasp[rantrdonCOLrno[›_oacuosxn.-r�o‘• RESOLUTION NO. Ikv- ' A RESOLUTION OF THE CITY OF McCALL, IDAHO, APPROVING, PURSUANT TO SECTION 50-901A, IDAHO CODE, A SUMMARY OF ORDINANCE NO. 553 FOR PUBLICATION WHEREAS, the City of McCall, Valley County, Idaho (the "City") , on July l , 1989, adopted Ordinance No. 553 , authorizing the issuance and sale of general obligation bonds in the principal amount of $1, 100, 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 McCALL, IDAHO, as follows: Section 1: That the summary of O dinance No. 553 , adopted by the McCall City Council on July 1 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 11th day of July, 1989 . • CITY OF McCALL Valley County, Idaho ( j ayorNJ ATTEST: 40"7/ d00 Or400f y Clerk ( S E A L ) SUMMARY OF ORDINANCE NO. 553 AN ORDINANCE OF THE CITY OF McCALL, VALLEY COUNTY, IDAHO., AUTHORIZING THE ISSUANCE AND SALE OF GENERAL OBLIGATION BONDS, SERIES 1989, IN THE PRINCIPAL AMOUNT OF $1, 100, 000; PROVIDING FOR THE DESIGNATION, PURPOSE, DATE, MATURITIES, EXECUTION, REGISTRATION, AND REDEMPTION OF THE BONDS; PROVIDING FOR THE SALE OF THE BONDS; PROVIDING FOR THE PAYMENT OF PRINCIPAL OF AND INTEREST ON THE BONDS BY THE ANNUAL LEVY OF TAXES; CREATING CERTAIN FUNDS AND ACCOUNTS; AND PROVIDING CERTAIN COVENANTS WITH THE OWNERS OF THE BONDS A summary of the principal provisions of Ordinance No. 553, of the City of McCall, Valley County, Idaho, adopted on July 14, 1989, is as follows: Section 1: Authorizes the issuance of the "City of McCall General Obligation Bonds, Series 1989" (the "Bonds") , in the aggregate principal amount of $1, 100, 000. Section 2 : Describes the purpose of the Bonds, consisting generally of the acquisition and improvement of public recreational facilities. Section 3 : Describes the Bonds and provides that a schedule of maturities of the principal amount of the Bonds shall be set forth in a resolution hereafter approved by the City Council. Section 4: Provides for payment of interest on the Bonds and establishes the maximum rate of interest thereon. Section 5: Provides for the place and manner of payment of the Bonds. Section 6: Provides for the manner of execution and authen- tication of the Bonds. Section 7: Appoints the Corporate Trust Department of West One Bank, Idaho, N.A. , Boise, Idaho, as Bond Registrar, and provides for the system of registration of the Bonds. Section 8: Provides for redemption of the Bonds. Section 9: Provides for the public sale of the Bonds. Section 10: Approves a Notice of Sale of the Bonds and provides for publication thereof. Page 1 - EXHIBIT "A" Section 11: Establishes the "City of McCall Capital Improvement Fund. " Section 12 : Provides for the levy of taxes for payment of the Bonds. Section 13 : Establishes the "City of McCall General Obligation Bonds, Series 1989, Bond Fund. " Section 14 : Provides for the method of replacing lost, stolen, mutilated, or destroyed Bonds. Section 15: Provides for defeasance of the Bonds. Section 16: Provides certain special covenants of the City with respect to the tax-exempt status of the Bonds. Section 17 : Provides for ratification. Section 18 : Provides for severability. Section 19 : Repeals conflicting ordinances. Section 20: Provides for effective date. The full text of Ordinance No. 553 is available at City Hall and will be provided to any person upon personal request during normal office hours. DATED this lth day of July, 1989 . CITY OF McCALL Valley County, Idaho Myr ATTEST_: til/M41111 C3.#' Clerk Page 2 - EXHIBIT "A" 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. 553 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 i� �,�' day of July, 1989. Robert H. Remaklus City Attorney • Page 3 - EXHIBIT "A"