Ordinance - 2004 - 470 - Go Bond Election/City Hall - 03/23/2004ORII3INA
SCANNED
ORDINANCE NO. 470
AN ORDINANCE OF THE CITY OF EAGLE, ADA COUNTY, IDAHO, ORDERING A
SPECIAL BOND ELECTION TO BE HELD ON THE QUESTION OF INCURRING AN
INDEBTEDNESS AND ISSUING GENERAL OBLIGATION BONDS OF THE CITY IN
THE AMOUNT OF $2,000,000 TO PROVIDE FUNDS FOR THE PURPOSE OF
FINANCING THE COST OF CONSTRUCTING A NEW CITY HALL BUILDING;
ESTABLISHING THE DATE, TIME, AND PLACES OF THE SPECIAL BOND
ELECTION; APPROVING A FORM OF BALLOT AND A FORM OF NOTICE OF
ELECTION; PROVIDING FOR PUBLICATION OF NOTICE OF ELECTION;
PROVIDING FOR REGISTRATION OF VOTERS; PROVIDING FOR RELATED
MATTERS; REPEALING ORDINANCE NO. 467, ADOPTED ON MARCH 16, 2004;
AND PROVIDING AN EFFECTIVE DATE
WHEREAS, the City of Eagle, Ada County, Idaho (the "City") is
a municipal corporation duly organized and operating under the laws
of the state of Idaho; and
WHEREAS, the Mayor and City Council (the "Council") of the
City have determined that the interests of the City and the public
interest and necessity require the incurring of an indebtedness of
the City in the amount of $2,000,000 to finance the cost of
constructing a new city hall building; and
WHEREAS, the proposed indebtedness would exceed the City's
income and revenue provided for the current fiscal year, and the
Council has determined that the necessary funds should be raised
through the issuance and sale of general obligation bonds of the
City, subject to the approval of two-thirds (2/3) of the qualified
electors voting at the election called for that purpose as provided
hereinbelow.
NOW, THEREFORE, BE IT ORDAINED BY THE MAYOR AND COUNCIL OF THE
CITY OF EAGLE, IDAHO, as follows:
Section 1: THE PROJECT
A. The Mayor and Council hereby find, determine, and declare
that the interest of the City and the public interest and necessity
require the incurring of an indebtedness exceeding the income and
revenue provided to the City for the current fiscal year in the
amount of $2,000,000 for the purpose of constructing a new city
hall building and related costs, including necessary professional
and other services (the "Project").
B. The cost and expenses of the construction of the Project
are estimated to be $2,000,000, including the payment of all
preliminary expenses incurred and incident to the Project and
properly incident to the issuance of the bonds as such expenses are
set forth in Idaho Code Sections 50-1019 through 50-1026A, all of
Page 1
which shall be payable from the proceeds of the
obligation bonds of the City as provided herein.
C. Subject to the following subparagraph,
construction, and installation of the Project as
are hereby ordered.
sale of general
the acquisition,
described above
D. Subject to the approval thereof by the qualified electors
voting at the election for which provision is hereinafter made,
general obligation bonds of the City shall be issued pursuant to
the provisions of Idaho Code Sections 50-1019 through 50-1026A,
inclusive, and Title 57, Chapters 2 and 9, Idaho Code, in the
amount of $2,000,000, to pay the costs of the Project.
Section 2: SPECIAL BOND ELECTION
A special bond election is hereby called to be held within the
City of Eagle on Tuesday, May 25, 2004, for the purpose of voting
upon the proposition set forth in Section 4 of this Ordinance. The
City, as its boundaries and corporate limits are now fixed and
established, shall consist of the two (2) voting precincts
heretofore established for the City, the polling places for which
shall be as follows:
Precinct No. 500 Precinct No. 501
Eagle Senior Citizen Center
312 E. State Street
Eagle, Idaho
Seventh Day Adventist Church School
538 W. State Street
Eagle, Idaho
The Council shall appoint an election judge and election clerks for
each of the polling places for the special bond election. The
election officials shall be qualified City electors. The City
Clerk shall notify the election officials of their appointment
within five (5) days following their appointment. If any election
official fails to report for duty on the date of election, the City
Clerk shall fill such vacancies from among the qualified electors
presenting themselves to vote.
Section 3: ADMINISTRATION OF ELECTION
The polls of the special bond election shall open at the hour
of 8:00 o'clock A.M. on May 25, 2004, and shall remain open
continuously on said day until the hour of 8:00 o'clock P.M., at
which time the polls shall be closed. The administration of the
election shall be conducted in accordance with Chapter 4 of Title
50, Idaho code, as amended, except as provided by Section 50-1026,
Idaho Code, and in accordance with this Ordinance.
The ballot proposition to be voted upon at the special bond
election, as set forth in Section 4 of this Ordinance, shall be
separate from any other proposition being voted upon at or in
Page 2
conjunction with any other election being held and conducted on the
same date. Only those qualified electors of the City casting valid
ballots upon the proposition set forth in Section 4 of this
Ordinance shall be counted in determining the number of qualified
electors voting at or participating in the special bond election.
Section 4: BALLOT PROPOSITION
The proposition to be presented to the qualified electors of
the city shall be in substantially the following form:
CITY OF EAGLE
Ada County, Idaho
SPECIAL BOND ELECTION
May 25, 2004
INSTRUCTIONS TO VOTERS: To vote on the following
proposition, please made an (X) or other mark in the
space to the right of the words "IN FAVOR OF issuing
bonds to the amount of $2,000,000 for the purposes stated
in Ordinance No. 467" or "AGAINST issuing bonds to the
amount of $2,000,000 for the purposes stated in Ordinance
No. 467" according to the way you desire to vote on the
question. If you, by mistake or accident, mark, deface,
mutilate, or otherwise spoil this ballot, please return
it to an election official and obtain another ballot.
SHALL THE CITY OF EAGLE BE AUTHORIZED TO INCUR
AN INDEBTEDNESS AND ISSUE AND SELL ITS GENERAL
OBLIGATION BONDS IN THE PRINCIPAL AMOUNT OF
$2,000,000 TO PAY THE COST OF CONSTRUCTING A
NEW CITY HALL BUILDING AND RELATED COSTS, THE
BONDS TO MATURE OVER A TERM WHICH MAY BE LESS
THAN BUT WHICH SHALL NOT EXCEED TWELVE (12)
YEARS AND TO BE PAYABLE FROM THE ANNUAL LEVIES
OF TAXES, ALL AS MORE FULLY PROVIDED IN
ORDINANCE NO. 470, ADOPTED ON MARCH 23, 2004?
IN FAVOR OF issuing bonds to the amount of $2,000,000
for the purposes stated in Ordinance No. 470 [
AGAINST issuing bonds to the amount of $2,000,000
for the purposes stated in Ordinance No. 470 [ ]
The following information is required by Section 34-
440, Idaho Code:
The City has existing indebtedness in the
amount of $2,390,694. The interest rate
anticipated on the proposed bonds is 3.71% per
annum. The range of anticipated rates is from
Page 3
two percent (2.0%) to six percent (6.0%) per
annum. The total amount to be repaid over the
life of the proposed bonds, principal and
interest, based on the anticipated interest
rate, is estimated to be $2,512,535.
Section 5: ELECTION EXPENSES
The City Clerk is hereby authorized and directed to procure a
sufficient number of ballots and such other supplies and to incur
such expenses as she may deem appropriate and necessary for the
proper conduct of the special bond election.
Section 6: QUALIFIED ELECTORS
Every male or female citizen of the United States, eighteen
(18) years old or older, who has been a bona fide resident of the
City for at least thirty (30) days immediately prior to the date of
election, if registered as provided by law, shall be qualified to
vote at the special bond election.
Section 7: REGISTRATION
All electors must be registered to vote at the special bond
election. The Ada County Clerk is the registrar for the City, and
voter registration shall be conducted pursuant to the provisions of
Section 34-1402, Idaho Code.
No qualified elector who is duly registered as a voter, and
who continues to reside at the same address or within the same
precinct in which he or she is registered, shall be required to re-
register.
Persons may register at the office of the County Clerk as
Registrar, at the office of the Ada County Elections Department,
650 Main Street, Boise, Idaho, during office hours, until April 30,
2004. Persons may also register during normal office hours at the
office of the Eagle City Clerk, as Deputy Registrar, at City Hall,
Eagle, Idaho, until April 30, 2004. Any elector who will complete
his or her residence requirement or obtain the requisite voting age
during the period when the register of electors is closed, may
register prior to the closing of the register.
Any person who is eligible to vote may register on election
day by appearing in person at a polling place established for the
special bond election, by completing a registration card, making an
oath on the form prescribed by law, and providing proof of
residence in the manner provided by Section 34-408A, Idaho Code, as
amended.
Page 4
Section 8: SAMPLE BALLOTS
The City Clerk shall cause the ballots for the special bond
election to be prepared and cause to be printed sample ballots
containing the question to be submitted, which sample ballots shall
be in the same form as the official ballots to be used, except they
shall have printed thereon the words "Sample Ballot," shall be on
paper of a different color than the official ballots, and shall not
be numbered. The City Clerk shall furnish copies of the same on
application at her office to anyone applying therefor. The sample
ballot shall be published at least twice in the official newspaper
of the City, the last publication to be within five (5) days of the
special election or on the last available publication date prior to
the election.
Section 9: NOTICE
Notice of the special bond election shall be given prior to
said election date by publishing notice of the election in a
newspaper having general circulation within the City, once each
week on the same day of each week for five (5) successive weeks,
the first publication being at least forty-five (45) days prior to
the date of the special bond election, which notice shall be in
substantially the form of Notice of Election which is annexed
hereto as Exhibit "A" and by reference made a part hereof.
Section 10: CANVASS
The Mayor and Council shall meet within six (6) days following
the special bond election, or at such time to which said meeting is
continued, at the regular meeting place of the Council at the Eagle
City Hall, Eagle, Idaho, for the purpose of canvassing the results
of the election. Thereupon, the results shall be entered in the
minutes of the Council and proclaimed as final.
Section 11: DEBT DISCLOSURE STATEMENT
A brief official statement containing the information required
by Idaho Code Section 34-440, as amended, shall be prepared by the
City Treasurer.
Section 12: GENERAL OBLIGATION BONDS
If, at the special bond election, two-thirds (2/3) of the
qualified electors of the City voting therein vote in favor of the
issuance of the bonds for the purposes set forth herein and
designated on the aforesaid ballot, fully registered general
obligation bonds of the City shall be authorized, issued, sold, and
delivered. The full faith and credit of the City will be pledged
for the payment of the principal of and interest on the bonds. The
bonds will be paid from annual taxes levied upon all taxable
property within the City in sufficient amount to constitute a
Page 5
sinking fund for the payment of the principal thereof, together
with the interest on the bonds as it falls due, within a term which
may be less than but which shall not exceed twelve (12) years from
the date of the bonds; provided, that the Council expressly
reserves the right to apply other revenues which it, in its
discretion, determines to be available for the payment of principal
of and interest on the bonds and to reduce the amount of the annual
tax levy for such purposes by the amount of other revenues so
determined to be available; provided further, however, that in no
event shall the annual taxes so levied be in an amount which is
less than the amount required, after applying such other revenues,
if any, to fully pay the principal of and interest on the bonds as
the same become due.
The officers now or hereafter charged by law with the duty of
levying taxes for the payment of the bonds and interest thereon
shall, in the manner provided by law, make annual levies upon all
taxable property within the City sufficient to meet the annual
payments of bond principal and interest accruing and maturing as
hereinabove provided.
All bonds shall be issued in the form and manner, and shall be
registered, disposed of, and redeemed, in accordance with the
provisions of Sections 50-1019 through 50-1026A, Idaho Code, and
Title 57, Chapters 2 and 9, Idaho Code.
Section 13: OFFICERS AUTHORIZED
The officers of the City are hereby authorized and directed to
take all action necessary or appropriate to effectuate the
provisions of this Ordinance.
Section 14: RATIFICATION
All action heretofore taken, not inconsistent with the
provisions of this Ordinance, by the Mayor and Council, and the
officers of the City, directed toward acquisition, construction,
and installation of the Project and the issuance of general
obligation bonds of the City therefor, and for the holding of a
special bond election, are hereby ratified, approved, and
confirmed.
Section 15: REPEAL
Ordinance No. 467, adopted on March 16, 2004, is hereby
repealed.
Section 16: PUBLICATION
This Ordinance, or a summary thereof in compliance with
Section 50-901A, Idaho Code, substantially in the form annexed
hereto as Exhibit "B," shall be published once in the official
Page 6
newspaper of the City, and shall take effect immediately upon its
passage, approval, and publication.
DATED this 23rd day of March, 2004.
ATTEST:
City Clerk
( SEAL )
Page 7
CITY OF EAGLE
Ada County, Idaho
CITY OF EAGLE
Ada County, Idaho
NOTICE OF SPECIAL BOND ELECTION
NOTICE IS HEREBY GIVEN that pursuant to Ordinance No. 470,
adopted on March 23, 2004, of the City of Eagle, Ada County, Idaho,
a Special Bond Election will be held in said City on
TUESDAY, MAY 25, 2004
between the hours of 8:00 o'clock A.M. and 8:00 o'clock P.M., for
the purpose of voting upon the question and proposition of issuing
general obligation bonds for the purposes of financing the cost of
constructing a new city hall building, and related costs (the
"Project").
The estimated cost of the Project is $2,000,000. The City
estimates that all of the cost will be paid from the proceeds of
the proposed bond issue.
The question to be submitted to the electors shall be by
ballot reading substantially as follows:
Code:
SHALL THE CITY OF EAGLE BE AUTHORIZED TO INCUR
AN INDEBTEDNESS AND ISSUE AND SELL ITS GENERAL
OBLIGATION BONDS IN THE PRINCIPAL AMOUNT OF
$2,000,000 TO PAY THE COST OF CONSTRUCTING A
NEW CITY HALL BUILDING AND RELATED COSTS, THE
BONDS TO MATURE OVER A TERM WHICH MAY BE LESS
THAN BUT WHICH SHALL NOT EXCEED TWELVE (12)
YEARS AND TO BE PAYABLE FROM THE ANNUAL LEVIES
OF TAXES, ALL AS MORE FULLY PROVIDED IN
ORDINANCE NO. 470, ADOPTED ON MARCH 23, 2004?
The following information is required by Section 34-440, Idaho
The City has existing indebtedness in the amount of
$2,390,694. The interest rate anticipated on the
proposed bonds is 3.71% per annum. The range of
anticipated rates is from two percent (2.0%) to six
percent (6.0%) per annum. The total amount to be repaid
over the life of the proposed bonds, principal and
interest, based on the anticipated interest rate, is
estimated to be $2,512,535.
The ballot proposition for the special bond election will be
separate from any other measure being voted upon at any election
being held and conducted on the same date. Only those qualified
Page 1 - Exhibit "A"
electors casting valid ballots upon the proposition set forth above
will be counted in determining the number of qualified electors
voting at or participating in the special bond election.
The polling places established for the special bond election
are:
Precinct No. 500 Precinct No. 501
Eagle Senior Citizen Center Seventh Day Adventist Church School
312 E. State Street 538 W. State Street
Eagle, Idaho Eagle, Idaho
Every male or female citizen of the United States, eighteen
(18) years old or older, who has been a bona fide resident of the
City for at least thirty (30) days immediately prior to the date of
election, if registered as provided by law, shall be qualified to
vote at the special bond election.
The Ada County Clerk is Registrar of the City of Eagle, and
the place of registration is the office of the Ada County Elections
Department, 650 Main Street, Boise, Idaho. Persons may register on
each business day at any time during office hours continuing to
April 30, 2004. Persons may also register at the office of the
Eagle City Clerk as Deputy Registrar until April 30, 2004.
Any person who is eligible to vote may register on election
day by appearing in person at a polling place established for the
special bond election, by completing a registration card, making an
oath on the form prescribed by law, and providing proof of
residence in the manner provided by Section 34-408A, Idaho Code, as
amended.
No qualified elector who is duly registered as a voter, and
who continues to reside at the same address or within the same
precinct in which he or she is registered, shall be required to
re -register.
Any qualified elector who, because of illness, disability, or
expected absence from the City on the date of election, will be
unable to vote at a designated polling place on the day of
election, may apply to the City Clerk for an absentee ballot. The
application must be in writing, must be signed personally by the
applicant, and must contain the name of the elector, his/her home
address, and the address to which the ballot shall be forwarded.
An application for a mail -in absentee ballot must be received by
the City Clerk not later than 5:00 p.m. on the sixth day before the
election. An application for in-person absentee voting at the
absent elector's polling place described in Section 50-448, Idaho
Code, must be received by the City Clerk not later than 5:00 p.m.
on the day before the election. Application for an absentee ballot
Page 2 - Exhibit "A"
may be made by using a facsimile machine. The City's facsimile
number is (208) 939-6827.
If, at the special bond election, two-thirds (2/3) of the
qualified voters voting at the election assent to the issuance of
bonds for the purposes set forth in Ordinance No. 470, the general
obligation bonds of the City will be issued for such purposes,
which bonds will mature annually over a term which may be less than
but which will not exceed twelve (12) years from date, will bear
interest at a rate or rates, be in such denominations, be payable
in such order, and be subject to such prior redemption as shall be
determined by the Mayor and Council in the ordinance authorizing
the issuance of the bonds, and will be payable from taxes levied
upon all taxable property within the City.
DATED this 23rd day of March, 2004.
CITY OF EAGLE
Ada County, Idaho
Mayor
ATTEST:
City Clerk
Page 3 - Exhibit "A"
SUMMARY OF
ORDINANCE NO. 470
AN ORDINANCE OF THE CITY OF EAGLE, ADA COUNTY, IDAHO, ORDERING A
SPECIAL BOND ELECTION TO BE HELD ON THE QUESTION OF INCURRING AN
INDEBTEDNESS AND ISSUING GENERAL OBLIGATION BONDS OF THE CITY IN
THE AMOUNT OF $2,000,000 TO PROVIDE FUNDS FOR THE PURPOSE OF
FINANCING THE COST OF CONSTRUCTING A NEW CITY HALL BUILDING;
ESTABLISHING THE DATE, TIME, AND PLACES OF THE SPECIAL BOND
ELECTION; APPROVING A FORM OF BALLOT AND A FORM OF NOTICE OF
ELECTION; PROVIDING FOR PUBLICATION OF NOTICE OF ELECTION;
PROVIDING FOR REGISTRATION OF VOTERS; PROVIDING FOR RELATED
MATTERS; REPEALING ORDINANCE NO. 467, ADOPTED ON MARCH 16, 2004;
AND PROVIDING AN EFFECTIVE DATE
A summary of the principal provisions of Ordinance No. 470, of
the City of Eagle, Ada County, Idaho, adopted on March 23, 2004, is
as follows:
Section 1: Defines the city hall Project, estimates the total
cost at $2,000,000, and provides for the issuance of general
obligation bonds, subject to approval of the qualified electors of
the City, in the amount of $2,000,000.
Section 2: Provides for a special municipal bond election to
be held within the City on Tuesday, May 25, 2004, for the purpose
of enabling the qualified and registered electors of the City to
vote upon the proposition of issuing general obligation bonds.
Section 3: Provides that the polls for the special bond
election shall open at 8:00 o'clock A.M. on May 25, 2004, and shall
remain open until 8:00 o'clock P.M., and provides for the polling
place for said special bond election.
Section 4: Provides that the ballot proposition shall be
substantially as follows:
SHALL THE CITY OF EAGLE BE AUTHORIZED TO INCUR
AN INDEBTEDNESS AND ISSUE AND SELL ITS GENERAL
OBLIGATION BONDS IN THE PRINCIPAL AMOUNT OF
$2,000,000 TO PAY THE COST OF CONSTRUCTING A
NEW CITY HALL BUILDING AND RELATED COSTS, THE
BONDS TO MATURE OVER A TERM WHICH MAY BE LESS
THAN BUT WHICH SHALL NOT EXCEED TWELVE (12)
YEARS AND TO BE PAYABLE FROM THE ANNUAL LEVIES
OF TAXES, ALL AS MORE FULLY PROVIDED IN
ORDINANCE NO. 470, ADOPTED ON MARCH 23, 2004?
Page 1 - EXHIBIT "Jr
Section 5: Provides for payment of election expenses.
Section 6: Defines qualified electors as persons who are
United States citizens, eighteen years of age or older, who have
been bona fide residents of the City for at least 30 days
immediately prior to the date of election, and who are registered
as provided by law.
Section 7: Provides for registration of voters.
Section 8: Provides for preparation and publication of sample
ballots.
Section 9: Provides for publication of Notice of Special Bond
Election.
Section 10: Provides for canvass of votes.
Section 11: Provides for Debt Disclosure Statement pursuant
to Idaho Code Section 34-440.
Section 12: Provides for the issuance of general obligation
bonds maturing over a term of not to exceed twelve (12) years, and
provides for other matters relating to the general obligation
bonds.
Section 13: Authorizes the officers of the City to take
appropriate actions to effectuate the provisions of this Ordinance.
Section 14: Ratifies previous actions.
Section 15: Repeals Ordinance No. 467, adopted on March 16,
2004.
Section 16: Provides for publication of a summary of the
ordinance.
The full text of Ordinance No. 470 is available at City Hall
and will be provided to any citizen upon personal request during
normal office hours.
DATED this 23rd day of March, 2004.
CITY OF EAGLE
Ada County, Idaho
Mayor
ATTEST:
City Clerk
Page 2 - EXHIBIT "B"
CERTIFICATION OF CITY ATTORNEY
I, the undersigned City Attorney for and legal advisor to the
City of Eagle, Ada County, Idaho, hereby certify that I have read
the attached summary of Ordinance No. 470 of the City of Eagle and
that the same is true and complete and provides adequate notice to
the public of the contents of said Ordinance.
Dated as of the 23rd day of March, 2004.
City Attorney
Page 3 - EXHIBIT "B"
ORIGIN
SUMMARY OF
ORDINANCE NO. 470
AN ORDINANCE OF THE CITY OF EAGLE, ADA COUNTY, IDAHO, ORDERING A
SPECIAL BOND ELECTION TO BE HELD ON THE QUESTION OF INCURRING AN
INDEBTEDNESS AND ISSUING GENERAL OBLIGATION BONDS OF THE CITY IN
THE AMOUNT OF $2,000,000 TO PROVIDE FUNDS FOR THE PURPOSE OF
FINANCING THE COST OF CONSTRUCTING A NEW CITY HALL BUILDING;
ESTABLISHING THE DATE, TIME, AND PLACES OF THE SPECIAL BOND
ELECTION; APPROVING A FORM OF BALLOT AND A FORM OF NOTICE OF
ELECTION; PROVIDING FOR PUBLICATION OF NOTICE OF ELECTION;
PROVIDING FOR REGISTRATION OF VOTERS; PROVIDING FOR RELATED
MATTERS; REPEALING ORDINANCE NO. 467, ADOPTED ON MARCH 16, 2004;
AND PROVIDING AN EFFECTIVE DATE
A summary of the principal provisions of Ordinance No. 470,
the City of Eagle, Ada County, Idaho, adopted on March 23, 2004,
as follows:
of
is
Section 1: Defines the city hall Project, estimates the total
cost at $2,000,000, and provides for the issuance of general
obligation bonds, subject to approval of the qualified electors of
the City, in the amount of $2,000,000.
Section 2: Provides for a special municipal bond election to
be held within the City on Tuesday, May 25, 2004, for the purpose
of enabling the qualified and registered electors of the City to
vote upon the proposition of issuing general obligation bonds.
Section 3: Provides that the
election shall open at 8:00 o'clock A.
remain open until 8:00 o'clock P.M.,
place for said special bond election.
Section 4: Provides that the
substantially as follows:
Page 1
polls for the special bond
M. on May 25, 2004, and shall
and provides for the polling
ballot proposition shall be
SHALL THE CITY OF EAGLE BE AUTHORIZED TO INCUR
AN INDEBTEDNESS AND ISSUE AND SELL ITS GENERAL
OBLIGATION BONDS IN THE PRINCIPAL AMOUNT OF
$2,000,000 TO PAY THE COST OF CONSTRUCTING A
NEW CITY HALL BUILDING AND RELATED COSTS, THE
BONDS TO MATURE OVER A TERM WHICH MAY BE LESS
THAN BUT WHICH SHALL NOT EXCEED TWELVE (12)
YEARS AND TO BE PAYABLE FROM THE ANNUAL LEVIES
OF TAXES, ALL AS MORE FULLY PROVIDED IN
ORDINANCE NO. 470, ADOPTED ON MARCH 23, 2004?
Section 5: Provides for payment of election expenses.
Section 6: Defines qualified electors as persons who are
United States citizens, eighteen years of age or older, who have
been bona fide residents of the City for at least 30 days
immediately prior to the date of election, and who are registered
as provided by law.
Section 7: Provides for registration of voters.
Section 8: Provides for preparation and publication of sample
ballots.
Section 9: Provides for publication of Notice of Special Bond
Election.
Section 10: Provides for canvass of votes.
Section 11: Provides for Debt Disclosure Statement pursuant
to Idaho Code Section 34-440.
Section 12: Provides for the issuance of general obligation
bonds maturing over a term of not to exceed twelve (12) years, and
provides for other matters relating to the general obligation
bonds.
Section 13: Authorizes the officers of the City to take
appropriate actions to effectuate the provisions of this Ordinance.
Section 14: Ratifies previous actions.
Section 15: Repeals Ordinance No. 467, adopted on March 16,
2004.
Section 16: Provides for publication of a summary of the
ordinance.
The full text of Ordinance No. 470 is available at City Hall
and will be provided to any citizen upon personal request during
normal office hours.
DATED this 23rd day of March, 2004.
TTEST:
City lerk
Page 2
CITY OF EAGLE
Add., County, Id ho
May
C%
CERTIFICATION OF CITY ATTORNEY
I, the undersigned City Attorney for and legal advisor to the
City of Eagle, Ada County, Idaho, hereby certify that I have read
the attached summary of Ordinance No. 470 of the City of Eagle and
that the same is true and complete and provides adequate notice to
the public of the contents of said Ordinance.
Dated as of the 23rd day of March, 2004.
l i "a re_
City Attorney
Page 3
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SUMMARY OF
ORDINANCE NO. 470
ttl
AN ORDINANCE OF THE CITY OF EAGLE, ADA COUNTY, IDAHO, ORDERING A SPECIAL BOND ELECTION TO BE
HELD ON THE QUESTION OF INCURRING AN INDEBTEDNESS AND ISSUING GENERAL OBLIGATION BONDS OF THE
CITY IN THE AMOUNT OF $2,000,000 TO PROVIDE FUNDS FOR THE PURPOSE OF FINANCING THE COST OF
CONSTRUCTING A NEW CITY HALL BUILDING; ESTABLISHING THE DATE, TIME, AND PLACES OF THE SPECIAL
BOND ELECTION; APPROVING A FORM OF BALLOT AND A FORM OF NOTICE OF ELECTION; PROVIDING FOR
PUBLICATION OF NOTICE OF ELECTION; PROVIDING FOR REGISTRATION OF VOTERS; PROVIDING FOR RELATED
MATTERS; REPEALING ORDINANCE NO. 467, ADOPTED ON MARCH 16. 2004; AND PROVIDING AN EFFECTIVE
DATE
A summary of the principal provisions of Ordinance No. 470, of the City of Eagle, Ada County, Idaho, adopted on
March 23, 2004, is as follows:
Section 1: Defines the city hall Project, estimates the total cost at $2,000,000, and provides for the issuance of general
obligation bonds, subject to approval of the qualified electors of the City, in the amount of $2,000,000.
Section 2: Provides for a special municipal bond election to be held within the City on Tuesday, May 25, 2004, for the
purpose of enabling the qualified and registered electors of the City to vote upon the proposition of issuing general obligation
bonds.
Section 3: Provides that the polls for the special bond election shall open at 8:00 o'clock A.M. on May 25, 2004, and
shall remain open until 8:00 o'clock P.M., and provides for the polling place for said special bond election.
Section 4: Provides that the ballot proposition shall be substantially as follows:
SHALL THE CITY OF EAGLE BE AUTHORIZED TO INCUR AN INDEBTEDNESS
AND ISSUE AND SELL ITS GENERAL OBLIGATION BONDS IN THE PRINCIPAL
AMOUNT OF $2,000,000 TO PAY THE COST OF CONSTRUCTING A NEW CITY
HALL BUILDING AND RELATED COSTS, THE BONDS TO MATURE OVER A
TERM WHICH MAY BE LESS THAN BUT WHICH SHALL NOT EXCEED TWELVE
(12) YEARS AND TO BE PAYABLE FROM THE ANNUAL LEVIES OF TAXES,
ALL AS MORE FULLY PROVIDED IN ORDINANCE NO. 470, ADOPTED ON
MARCH 23, 2004?
Section 5: Provides for payment of election expenses.
Section 6: Defines qualified electors as persons who are United States citizens, eighteen years of age or older, who have
been bona fide residents of the City for at least 30 days immediately prior to the date of election, and who are registered as
provided by law.
Section 7: Provides for registration of voters.
Section 8: Provides for preparation and publication of sample ballots
Section 9: Provides for publication of Notice of Special Bond Election.
Section 10: Provides for canvass of votes.
Section 11: Provides for Debt Disclosure Statement pursuant to Idaho Code Section 34-440.
Section 12: Provides for the issuance of general obligation bonds maturing over a term of not to exceed twelve (12)
years, and provides for other matters relating to the general obligation bonds.
Section 13: Authorizes the officers of the City to take appropriate actions to effectuate the provisions of this
Ordinance.
Section 14: Ratifies previous actions.
Section 15: Repeals Ordinance No. 467, adopted on March 16, 2004.
Section 16: Provides for publication of a summary of the ordinance.
The full text of Ordinance No. 470 is available at City Hall and will be provided to any citizen upon personal request
during normal office hours.
DATED this 23rd day of March 2004.
ATTEST:
City Clerk
CITY OF EAGLE
Ada County, Idaho
Mayor
9ho
ID