Loading...
HomeMy Public PortalAboutResolution 07-96 Consider Adopt Resolution Authorizing Filing Petition for…RESOLUTION NO. 7-96 A RESOLUTION ESTABLISHING THE DATE, TIME, AND PLACE OF A PUBLIC HEARING TO CONSIDER WHETHER THE CITY COUNCIL OF THE CITY OF MCCALL, IDAHO, SHOULD ADOPT A RESOLUTION AUTHORIZING THE FILING OF A PETITION FOR JUDICIAL CONFIRMATION UNDER TITLE 7, CHAPTER 13, IDAHO CODE; APPROVING A FORM OF NOTICE OF HEARING AND DIRECTING THE PUBLICATION THEREOF; PROVIDING FOR NOTICE BY MAIL TO ANY PERSON REQUESTING SUCH NOTICE; AND PROVIDING AN EFFECTIVE DATE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF MCCALL, IDAHO, as follows: Section 1: A public hearing before the City Council of the City of McCall, Idaho (the "City"), is hereby called for Thursday, the 9th day of May, 1996, at 8:00 o'clock P.M., at the City Council meeting room in the basement of the McCall City Hall, 215 Park Street, McCall, Idaho, for the purpose of considering the adoption by the City Council of a resolution authorizing the filing of a petition for judicial confirmation under the Idaho Judicial Confirmation Law, Title 7, Chapter 13, Idaho Code, seeking judicial confirmation of the authority of the City (1) to incur an indebtedness as an "ordinary and necessary expense" of the City authorized by the general laws of the state within the meaning of Article 8, Section 3 of the Idaho Constitution, in an amount not to exceed $650,000 for the purpose of financing improvements to the City's golf course irrigation system; (2) to enter into a loan agreement and to issue its promissory note or other evidence of indebtedness for the same, and (3) to pledge its golf course revenues for the payment of such indebtedness. Section 2: Notice of the public hearing, substantially in the form which is annexed hereto as Exhibit "A," shall be published once in The Star -News, the official newspaper of the City, at least fifteen (15) days prior to the public hearing, in the manner required by Section 7-1304, Idaho Code. Section 3: In accordance with Section 7-1304(3), Idaho Code, as amended by the 1996 Idaho Legislature, a copy of the notice of public hearing shall be sent by certified mail, at least fourteen (14) days before the public hearing, by the City Clerk to all persons who request, in writing, a copy of notice of meetings of the City Council at which a public hearing will be held to consider a resolution or ordinance authorizing the filing of a petition for judicial confirmation. If a request for notice is received within fourteen (14) days of the public hearing, the City Clerk shall send a copy of the notice by certified mail as soon as possible after the receipt of such request. Page 1 Section 4: This resolution shall take effect and be in force from and after its passage and approval. DATED the llth day of April, 1996. CITY OF McCALL Valley County, Idaho BY 74? Mayor Page 2 NOTICE OF HEARING TO CONSIDER A RESOLUTION AUTHORIZING THE FILING OF A PETITION FOR JUDICIAL CONFIRMATION UNDER THE IDAHO JUDICIAL CONFIRMATION LAW NOTICE IS HEREBY GIVEN that on Thursday, the 9th day of May, 1996, at 8:00 p.m., at the City Council meeting room in the basement of the McCall City Hall, 216 Park Street, McCall, Idaho, the City Council of the City of McCall (the "City"), will conduct a public hearing to consider the adoption of a resolution authorizing the filing of a petition for judicial confirmation under the Idaho Judicial Confirmation Law, Title 7, Chapter 13, Idaho Code. The proposed petition would seek judicial confirmation of the power of the City (1) to incur an indebtedness as an "ordinary and necessary expense" of the City authorized by the general laws of the State, within the meaning of Article 8, Section 3, of the Idaho Constitution, in an amount not to exceed $650,000, (2) to enter into a loan agreement and to issue the promissory note or other evidence of indebtedness of the City for the same, for the purpose of financing improvements to the existing irrigation system for the City's public golf course, and (3) to pledge its golf course revenues for the payment of such indebtedness for a term of not more than fifteen (15) years. The loan agreement and promissory note, or other evidence of indebtedness, would be special obligations of the City, to be repaid from golf course revenues of the City budgeted and appropriated for such purposes, and not from general taxes. Copies of the proposed resolution and petition, together with a summary of the principal terms of the proposed loan agreement, and other information relating to the proposed financing, are available at the office of the City Clerk, McCall City Hall, 216 Park Street, McCall, Idaho, for inspection by the public during normal business hours of the City. Interested persons are encouraged to attend the public hearing and to present comments. Comments may also be submitted in writing to the McCall City Council, 216 Park Street, P.O. Box 1065, McCall, Idaho 83638. DATED the 1lth day of April, 1996. CITY OF McCALL Valley County, Idaho By: James H. Henderson City Clerk EXHIBIT "A"