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mos <br /> -Lrh . <br /> 6/1/82 Page -3-" <br /> ORDINANCE #761 - BUILDING AND Attorney Rautenstraus read the Ordinance <br /> MECHANICAL PERMIT FEE on second reading by title an14 and . <br /> certified proper publication. <br /> ADOPTION Councilman Leary moved, Councilman Fauson <br /> seconded Ordinance #761 - Building and <br /> Mechanical Permit Fee be adopted. <br /> Roll call vote. <br /> YES : Meier, Fauson, Leary, Ferrara, <br /> Morris, Cussen <br /> Motion carried unanimously. <br /> • <br /> ORDINANCE #762 - WATER BOND Each councilmember had a copy of the ordin- <br /> 1982 - 1ST READING once before them. Attorney Rauteastraus <br /> read the ordinance on first reading by title <br /> only and the request was for publication-�.. :. <br /> PUBLICATION AUTHORIZED Councilman Cussen moved, Councilman Ferrara <br /> seconded that Ordinance #762 - Water Bond <br /> 1982 be published. <br /> Councilman Leary Inquired if there was an assumption that the <br /> existing tax assessment is adequate because <br /> the revenue is coming from the tap fees. <br /> Administrator Wurl advised this was a legi- <br /> timate assumption.and was put into the <br /> ordinance to guarantee the bond owners that <br /> revenues ould be available to repay the bond, <br /> by virtu this to enjoy a lower interest <br /> rate. <br /> Dunn Krahl - Boettcher- E. Co. Referred to page 9 of the ordinance "to assure <br /> that the revenue thereby produced, together <br /> with the proceeds of the general ad valorem tax <br /> and any other legally available funds," then <br /> advised this gives Council the right to dimin- <br /> ish the tax levy by the amount of funds that <br /> are on hand. <br /> Councilman Leary Inquired why this was an emergency ordinance. <br /> Emergency Ordinance Mr. Krahl advised because after second read- <br /> ing it provides a better time frame to close, <br /> get the money and get it invested. <br /> Mr. Leary felt that was not why the emergency <br /> clause was put in the State Statutes; that <br /> is was intended for a real emergency, i.e. <br /> a natural disaster. Felt that it has been <br /> abused in the past as a means of cutting out <br /> time periods available for initiative refer- <br /> endum. etc. If this practice could be avoided <br /> he would rather see it done. <br />