HomeMy Public PortalAboutORD14707 BILL NO. 2010-47
SPONSORED BY COUNCILMAN Penfold
CO-SPONSORS: Carroll, Griffith, Harvey Koon, Medin, Penfold. Pope.
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ORDINANCE NO.
AN ORDINANCE OF THE CITY OF JEFFERSON, MISSOURI, CALLING AN ELECTION
ON A REVENUE BOND QUESTION IN THE CITY OF JEFFERSON, MISSOURI.
BE IT ENACTED BY THE COUNCIL OF THE CITY OF JEFFERSON, MISSOURI, AS
FOLLOWS:
Section 1. The City Council finds it necessary and hereby declares its intent to
borrow $35,000,000 for the purpose of improving and extending the City's sewerage
system and to evidence such borrowing by the issuance of sewerage system revenue
bonds (the "Bonds") of the City in the amount of$35,000,000.
Section 2. A bond election is hereby ordered to be held in the City of Jefferson,
Missouri, concurrently with the general election on Tuesday, November 2, 2010, on the
following question:
QUESTION
Shall the City of Jefferson, Missouri, issue sewerage system revenue
bonds in the amount of $35,000,000 for the purpose of improving, and
extending the City's sewerage system, the cost of operation and
maintenance of said sewerage system and the principal of and interest on
said revenue bonds to be payable solely from the revenues derived by the
City from the operation of its sewerage system, including future
improvements and extensions thereto?
Section 3. The form of Notice of Special Election showing said question, a
copy attached hereto and made a part hereof, is hereby approved
Section 4. The City Clerk is hereby authorized and directed to notify the
County Clerk of Cole, Missouri, and the County of Callaway, Missouri, of the
passage of this ordinance no later than 5:00 PM on Tuesday,August 24, 2010, and
to include in said notification all of the terms and provisions required by Chapter
115, RSMo, as amended.
Section 5. The City expects to make expenditures on and after the date of passage
of this Ordinance in connection with the Project, and the City intends to reimburse itself for
such expenditures with the proceeds of the Bonds. The maximum principal amount of
Bonds expected to be issued for the project is $35,000,000.
Section 6. This Ordinance shall be in full force and effect from and after the date
of its passage and approval.
PassedG�!/Z�%3 /� � � Approved:_/�C
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APPROVED AP TO FORM:
`City Olerk City Counselor
NOTICE OF SPECIAL ELECTION
CITY OF JEFFERSON, MISSOURI
Notice is hereby given to the qualified voters of the City of Jefferson, Missouri, that the
Council of the city has called a special election to be held in the City concurrently with
the general election on Tuesday, November 2, 2010, commencing at 6:00 A.M. and
closing at 7:00 P.M., on the question contained in the following sample ballot:
OFFICIAL BALLOT
SPECIAL ELECTION
CITY OF JEFFERSON, MISSOURI
TUESDAY, NOVEMBER 2, 2010
PROPOSITION 1
Shall the City of Jefferson, Missouri, issue its sewerage system
revenue bonds in the amount of$35,000,000 for the purpose of
improving and extending the City's sewerage system, the cost
of operation and maintenance of said sewerage system and the
principal of and interest on said revenue bonds to be payable
solely from the revenues derived by the City from the
operation of its sewerage system, including all future
improvements and extensions thereto?
YES ❑
NO ❑
INSTRUCTIONS TO VOTERS: If you are in favor of the question, place an X
in the box opposite "YES". If you are opposed to the question, place an X
in the box opposite "NO".