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HomeMy WebLinkAbout2130RESOLUTION NO. 2130 A RESOLUTION setting forth authorization of general obligation bonds to fund improvements to existing park and recreational facilities and authorizing development of additional recreational facilities, for submission to the voters of the City for ratification and approval or rejection at the general election to be held on November 4, 1986. WHEREAS, it is deemed necessary that the City of Bremerton (the "City") provide for improvements to and development of City park and recreation facilities for its citizens; and WHEREAS, the Parks Department of the City of Bremerton is in need of monetary funds for improvements to drainage, light poles, tennis courts, picnic tables, and for additional facilities in the form of a new park, picnic areas, , a garden program, youth playfields and play apparatus, hard courts, bleachers, asphalt, softball fields, soccer fields, concessions, restrooms, parking, and a boat launch; and WHEREAS, if such bonds are not authorized, the Parks Department will be unable to meet the increased demands for such facilities, now, therefore, BE IT RESOLVED BY THE CITY COUNCIL OF BREMERTON that at the general election to be held on November 4, 19 86, there shall be submitted a proposition for general bond obligations in an amount not to exceed $2,500,000.00 to qualified voters of the City of Bremerton for approval or rejection in the form set forth below: PROPOSITION NO. 1 PARK AND RECREATIONAL FACILITIES IMPROVEMENT AND DEVELOPMENT BONDS Shall the City of Bremerton, Washington, borrow 2,500,000 to develop, construct, reconstruct and improve existing City parks and recreational facili- ties by issuing and selling general obligation bonds therefor maturing within ten years and levy annual excess property taxes necessary to redeem the bonds, all as provided in Ordinance No. 4076? BONDS . . . YES BONDS . . . NO PASSED by the City Council of the City of Bremerton this _ day of , 1986. ATTEST: GENE LOBE, Mayor 1 KATHLEEN L. McCLUSKEY, Clerk APPROVED AS TO FORM: WILLIAM BROUGHTON CITY ATTORNEY