HomeMy WebLinkAbout3314 AN ORDINANCE amending Ordinance No. 3310,
Section 7~ relating to placing a bond is-
sue on the November 2~ 1976, general elec-
tion ballot~ the propositions that are to
be placed on the ballot for said election
and declaring an emergency.
THE CITY OF BREMERTON DOES ORDAIN~
SECTION 1: Section 7 of Ordinance No. 3310 is hereby
amended to read as follows~
'77. It is hereby found and declared that an emergency
exists requiring the submission to the qualified electors of the
City at the general election to be held therein on the 2nd day
of November, 1976, of a proposition authorizing the issuance
of general obligation bonds of the City for the purposes pro-
vided in this Ordinance and a proposition allowing said electors
to ~ecide whether excess fun~s obtained shoul~ be retained hv
the City or used to reduce tax levies as hereinbefore provided.
The Kitsap County Auditor, as ex officio supervisor
of all elections held within Kitsap County is hereby requested
to also find the existence of such emergency and to assume jur-
isdiction of, and to call and conduct said general election~ to
be held within the City at such general election the propositions
hereinafter set forth.
The City Clerk is hereby authorized and directed to
certify said propositions to the Kitsap County Auditor in the
following form~
CITY OF BREMERTON
PROPOSITION NO. 1
FIRE STATION, YOUTH AND SENIOR CITIZENS
RECREATION CENTER AND PARKS AND
RECREATION IMPROVEMENT BONDS
Shall the City of Bremerton, for the
purpose of acquiring property for and
construction of a new fire station, You'th
an~ Senior Citizens Recreational Center
(including an indoor swimming pool), addi-
tional open-space areas, parks and recreation
facilities, and improvements to existing parks
and recreational facilities, issue its general
obligation bonds in the total principal amount
of not to exceed $2,500,000 to bear interest
at a rate not to exceed the maximum rate per-
mitted by law at the time of their issuance to
mature serially in from two to twenty years
from date of issue of such bonds, to be paid
both principal and interest out of annual tax
levies to be made upon all the taxable property
within the City without limitation as to rate
or amount, and to be issued all as more specifi-
cally provided in.Ordinance No. 3310.
Bonds, Yes Bonds, NO
CITY OF BREMERTON
PROPOSITION NO. 2
EXCESS FUNDS FROM BOND ISSUE
In the event the $2.5 million bond issue passes
and in the event that a~ditional matching funds
are obtained from sources other than the $2.5
million bond issue specified in City of Bremerton
Ordinance No. 3310 for the purposes set forth
therein and said funds create an excess of funds
for said purposes, shall the City of Bremerton
retain any excess funds from the bond issue and
place said excess funds in ~a general account to
provide matching funds for other needed park and
recreation capital projects, such as a civic
auditorium, or shall the City of Bremerton reduce
annual tax levies in proportion to the excess
funds made available.
Retain Fun~s, Yes Retain Funds, Nc "
SECTION 2: The Council hereby finds and declares that in
order to assure adequate voter turnout and to reduce election ex-
penses the propositions set forth in this Ordinance shall be sub-
mitted in conjunction with the general election to be held November
2, 1976. An emergency is hereby declared to exist and it is here-
by found necessary that this Ordinance become effective immediately
upon its passage and publication as required by law.
PASSED UNANIMOUSLY by the City Council of the City of
Bremerton, Washington, at a regular meeting thereof held this /~
day of September, 1976, signe~ by the Mayor and attested by the
City Clerk in authentication of such passage.
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ATTEST:
I, G. C. YEADON, SR., the duly chosen, qualified and
acting Clerk of the City of Bremerton, Washington, DO HEREBY CERTI-
FY that the foregoing is a true and correct copy of Ordinance No.~3/~
of said city, passed unanimously by its Council at a regular meeting
thereof held on the /~ay of September, 1976.
~TY CLERK