93-014
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RESOLUTION NO. 14 -93
A RESOLUTION DETERMINING THE NECESSITY FOR THE ISSUANCE
OF GENERAL OBLIGATION BONDS AND CALLING
A SPECIAL ELECTION THEREON
BE IT RESOLVED by the City Council of Shorewood, Hennepin
County, Minnesota (City) in regular meeting assembled:
1. The City Council hereby finds and determines:
(a) That it is in the best interest of the health,
welfare, and safety of the City and its residents that the City
acquire, construct, improve and equip park, trail and recreation
facilities and related land to be used for the City's park and
recreation facilities (the Project).
(b) That the City is authorized by the provisions of
Minnesota statutes, Chapter 475 (the Act) to issue its obligations
to finance the Project in whole or in part and to pledge its full
faith, credit and taxing powers to the payment of such obligations;
and
(c) That it is necessary and expedient to the sound
financial management of the affairs of the City that the Project be
financed in whole or in part by the issuance and sale of the City's
general obligation bonds pursuant to the Act in an amount not to
exceed $900,000.
2. The propositions for the issuance of the bonds will be
submitted to the voters of the City at a special election to be
held on Tuesday, March 9, 1993. The election will be held and
conducted in accordance with the laws of the state of Minnesota
relating to special municipal elections.
3. A notice of election in substantially the form attached hereto
as Exhibit A or sample ballot in substantially the form attached
hereto as Exhibit B, or both as the case may be, must be posted or
published by the City Clerk as follows:
(a) written notice must be given to the County auditor
at least 30 days prior to the election;
(b) The notice of election must be published in the
official newspaper of the City at least two weeks prior to the
election;
(c) The notice of election and a sample ballot may be
posted in the office of the City Clerk ten days prior to the
election but in no event less than four days prior to the election;
and
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(d) The sample ballot must be published in the official
newspaper at least one week prior to the election; and
(e) The sample ballot must be posted at each of the
polling places on election day in accordance with Paragraph 5,
hereof.
4. The polling places and the respective judges for the
election will be those established by the City for special
elections. The polls will be open from 7:00 a.m. until 8:00 p.m.
5. The City Clerk is authorized and directed to prepare
paper ballots for the election on blue paper with black ink
pursuant to the requirements of Minnesota Statutes. The City Clerk
will provide each polling place with at least two sample ballots
which are facsimiles of the ballot.
6. The City Council shall meet in the City Hall on
Wednesday, March 10, 1993, at 6:00 p.m. to canvass the results of
the election and to declare the results thereof.
ADOPTED BY THE CITY COUNCIL, of the city of Shorewood this
25th day of January 1993.
ATTEST:
J
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EXHIBIT A
NOTICE OF SPECIAL ELECTION
CITY OF SHOREWOOD, HENNEPIN COUNTY, MINNESOTA
NOTICE IS 'HEREBY GIVEN that a special election will be held
in and for the City of Shorewood (City), Hennepin County,
Minnesota, on Tuesday, the 9th day of March, 1993, at which the
following proposition will be submitted to the voters of the City
for their approval or rejection:
QUESTION
MAY THE CITY OF SHOREWOOD BORROW MONEY BY SELLING ITS GENERAL
OBLIGATION BONDS IN AN AMOUNT NOT TO EXCEED $900,000 TO PAY
FOR THE CONSTRUCTION, BETTERMENT, AND EQUIPPING OF PARK,
TRAIL AND RECREATION FACILITIES AND RELATED LAND?
BY VOTING "YES" ON THIS BALLOT QUESTION, YOU ARE VOTING FOR A
PROPERTY TAX INCREASE.
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EXHIBIT B
SAMPLE BALLOT
QUESTION
MAY THE CITY OF SHOREWOOD BORROW MONEY BY SELLING
ITS GENERAL OBLIGATION BONDS IN AN AMOUNT NOT
TO EXCEED $900,000 TO PAY FOR THE CONSTRUCTION,
BETTERMENT, AND EQUIPPING OF PARK, TRAIL,
AND RECREATION FACILITIES AND RELATED LAND?
BY VOTING "YES" ON THIS BALLOT QUESTION, YOU ARE
VOTING FOR A PROPERTY TAX INCREASE.
YES .. -
NO +- _