Ordinance 2016-1723 - Laserfiche WebLink

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Section 3. If a majority of the votes cast on the question authorize the issuance of bonds and levy of an ad valorem property tax as described in the question set forth in Section 2 above, the City intends to issue such bonds in the approximate aggregate principal amount of $28,600,000 to pay the costs of the project described in the election question (the "Project"), including the reimbursement of certain costs incurred by the City prior to the execution and delivery of such bonds, upon terms acceptable to the City, as authorized in an ordinance to be hereafter adopted and to take all further action which is necessary or desirable in connection therewith. The officers, employees and agents of the City shall take all action necessary or reasonably required to carry out, give effect to and consummate the transactions contemplated hereby and shall take all action necessary or desirable to finance the Project and to otherwise carry out the transactions contemplated by the ordinance. The City shall not use reimbursed moneys for purposes prohibited by Treasury Regulation §1.150-2(h). This ordinance is intended to be a declaration of "official intent" to reimburse expenditures within the meaning of Treasury Regulation § 1.150-2. Section 4. The City Council may submit additional ballot issues or other measures to appear on the ballot of the election by the adoption of appropriate resolutions or ordinances as required by law. Section 5. The election shall be conducted as a part of a coordinated election. Pursuant to C.R.S. Section 31-10-102.7, the City will utilize the requirements and procedures of the Uniform Election Code of 1992, articles 1 to 13 of title 1, C.R.S., as amended, in lieu of the Colorado Municipal Code of 1965, article 10 of title 31, C.R.S., as amended. The City Clerk is hereby appointed as the designated election official of the City for purposes of performing acts required or permitted by law in connection with the election. Section 6. Because the election will be held as part of the coordinated election, the City Council hereby determines that the Boulder County Clerk and Recorder shall conduct the election on behalf of the City, to the extent and as provided in the Uniform Election Code, as amended. The officers of the City are hereby authorized to enter into one or more intergovernmental agreements with the County Clerk pursuant to Section 1-7-116 and/or Article 7.5, Title 1, C.R.S. Any such intergovernmental agreement heretofore entered into in connection with the election is hereby ratified, approved and confirmed. Section 7. Notice of the election shall be given in the manner prescribed by Article X, Section 20 of the Colorado Constitution, the Uniform Election Code and other applicable laws. Section 8. The officers and employees of the City are hereby authorized and directed to take all action necessary or appropriate to effectuate the provisions of this ordinance and the conduct of the November 8, 2016 election. Section 9. All actions heretofore taken (not inconsistent with the provisions of this ordinance) by the City, directed towards the election and the objects and purposes herein stated, are hereby ratified, approved and confirmed. Ordinance No. 1723, Series 2016 Page 3 of 4