Ordinance 2021-1810 - Laserfiche WebLink

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property taxes submitted at the election snap be In favor of Incur- nne ueneral obligation indebtedness and levying ad valorem prop- erty taxes as provided In such question. the City acting through the City Council shall be authorized to proceed with be necessary ac- tion to incur general obligation indebtedness and levy ad valorem property taxes In accordance with such question. Any authority to contract general obligation Ilebtedness or to levy ed valorem property taxes if conferred by results of the elec- tion. shall be deemed and considered a contlnu ng authority to con- tract the general obligation Indebtedness and levy the ad valorem taxes so authorized at any a time, or from time to time, and net- Cher the partial exercise of the authority so conferred, nor any lapse oftime, shall be considered as exhausting or limiting the fullau- thority o conferred. Secctfon 8. If a majority of the votes cast on the question au- thonze the issuance Of bolds as described In the bond question set forth above, the City, intends to Issue such bends in te appfOxt- mate augregate principal amount of $51.42 million to pay the costs of the Project. including the reimbursement of certain costs Incur- red by the City prior to the execution and delivery ofsuchbonds, upon terms adopted dacceptable nd the all furauthorized th rraction Inwhich Isneces- sary Or desirable In conneoeCtlon therewith. The officers, employees and agents of the City shall take all action necessary or reasonably required to carryarout, Dlvexeffect to andconsummatethe transac^ ddealrabletttomflnance tthhebProjjeect andtootherwisee hmcar�ry out tsSary he tranIssaactions contem laced by the resolution. The City shall not use reimbursedmoneys 19r purposes prohibited by Treasury. Regulatsgn elet intent" to reimbursseeeexxpienditures wiitldin the declaration Treasas• uryRegulation §1.1S0.2. section9, Pursuant to Section 1-11-2035, C.R.S., any election contest arising out of a ballot issue or ballot question election con. tittle lshall berecom enncced byte tiro fr d wiceth theetpropercourt within five days after the title of the ballot issue or ballot question is Sss td1MTnt9, The officers and employees of the City are hereby authorized and directed to take all melon necessary or appropriate to effectuate the provisions of this ordinance. Section 11. 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 an confirmed. Sewer) . r)14 if any Portion n� of this ordinance Is held to yy be invalid 0 the re- mair ninygfeportonssuch of this ordkanl not . 11,0 CityCou ciltiereby de- clares that it would have passed this ordinance and each pert here- of irresppeqetive of the fact that any one part be declared Invalid. eectt3tt17, All other ordinances or portions thereof Incon• sistent or conflicting with this ordinance or any portion hereof are hereby repealed to the extent of such inconsistency or conflict. INTRODUCED, READ PASSED ON FIRST READING, AND OR - OFFER PUOUSHED this 13th day of July.2021, Ashley Stolzmann, Mayor ATTEST: Meredyth Muth, City Clerk APPROVED A5 TO FORM' KathleenM, Kelly, Kelly PC City Attorney PASSED AND ADOPtED ON SECOND AND FINAL READ0N0. this 27th day of July. 2021. Ashley Stoizmann, Mayor ATTEST: Meredyth Muth, City Clerk Published: Boulder Daily Camera July 19, 2021:•1816202