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Resolution 1994-49
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Resolution 1994-49
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Last modified
3/12/2021 1:53:35 PM
Creation date
1/20/2006 2:52:29 PM
Metadata
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Template:
City Council Records
Doc Type
Resolution
Signed Date
9/12/1994
Ord/Res - Year
1994
Ord/Res - Number
49
Original Hardcopy Storage
7E6
Supplemental fields
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RES 1994-49
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<br />absentee ballots must be in the hands of the designated election official not later than 7:00 p.m. on <br />the day of the election. Emergency absentee voting shall be permitted as provided in the Uniform <br />Election Code of 1992. <br />At the election there also shall be submitted to the eligible electors of the City the <br />following question: <br /> <br />SHALL CITY OF LOUISVILLE DEBT BE INCREASED BY <br />$4,200,000, WITH A REPAYMENT COST OF $5,834,465 FOR <br />THE PURPOSE OF ACQUIRING LAND FOR OPEN SPACE <br />BUFFER ZONES, TRAILS, WILDLIFE HABITATS, WETLANDS <br />PRESERVATION AND FUTURE PARKS AND ALL <br />NECESSARY AND APPURTENANT FACILITIES; SUCH DEBT <br />TO BE EVIDENCED BY THE ISSUANCE OF BONDS OR <br />BONDS ISSUED TO REFUND SUCH BONDS PAYABLE FROM <br />THE CITY'S .375% OPEN SPACE SALES AND USE TAX; SUCH <br />BONDS TO BE SOLD IN ONE SERIES OR MORE IN AN <br />AGGREGATE AMOUNT NOT TO EXCEED THE MAXIMUM <br />AUTHORIZED PRINCIP AL AMOUNT AND REPAYMENT <br />COSTS, ON TERMS AND CONDITIONS AS THE CITY <br />COUNCIL MAY DETERMINE, INCLUDING PROVISIONS FOR <br />THE REDEMPTION OF THE BONDS PRIOR TO MATURITY <br />WITH OR WITHOUT PAYMENT OF A PREMIUM; AND SHALL <br />THE PROCEEDS OF SUCH .375% SALES AND USE TAX BE <br />COLLECTED AND SPENT WITHOUT LIMITATION OR <br />CONDITION TO PAY DEBT SERVICE ON SUCH BONDS IN AN <br />AMOUNT NOT TO EXCEED $783,000 PER YEAR WITHOUT <br />REGARD TO ANY EXPENDITURE, REVENUE RAISING, OR <br />OTHER LIMITATION CONTAINED WITHIN ARTICLE X, <br />SECTION 20 OF THE COLORADO CONSTITUTION, AND <br /> <br />-4- <br />
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