HomeMy WebLinkAboutCity Council Resolutions (R-85-326)-12/17/1985
RESOLUTION R-85-326
A RESOLUTION by the Ci ty Counci 1 of the City
of Colleyville, Texas, calling a bond election
to be held within said City, making provision
for the conduct of the election and other
provisions incident and related to the purpose
of this resolution.
WHEREAS, the City Council of the City of Colleyville,
Texas, deems it advisable and necessary to call a bond election
for the purpose of submitting to all resident qualified
electors of the City for their action thereupon the
propositions hereinafter set forth; now, therefore,
BE IT RESOLVED BY THE CITY COUNCIL OF
THE CITY OF COLLEYVILLE " TEXAS:
SECTION 1: That an election be held in the City of
Colleyville, Texas (the "City"), on February I, 1986, for the
purpose of submitting to all resident qualified electors of the
City for their action thereupon the following propositions,
to-wit:
PROPOSITION NO. 1
"Shall the City Council of the City of Colleyville,
Texas, be authorized to issue bonds in the principal amount of
$8,000,000 for the purpose of making permanent public
improvements for public purposes in said City, to-wit:
constructing street improvements and drainage improvements
necessary and incidental thereto; said bonds to mature serially
or otherwise, as may be determined by the City Council of said
City, the maximum maturity being not more than 40 years from
thei r da te; and any issue 0 r ser ies of bonds to bea r interes t
per annum (payable annua lly 0 r semi -annua lly) at the rate 0 r
rates to be determined within the discretion of the City
Council of said City, provided that such rate or rates shall
not exceed the maximum rate per annum authorized by law at the
time of the issuance of any issue or series of said bonds; and
sha 11 the Ci ty Counc i 1 be au tho r i zed to levy an annua 1 ad
valorem tax on all taxable property in said City sufficient to
pay the interest on said bonds as the same accrues and to
create a sinking fund sufficient to pay the principal thereof
as the same matures, as author\zed by the Constitution and laws
of the State of Texas?"
PROPOSITION NO. 2
"Shall the city Council of the City of Colleyville,
Texas, be authorized to issue bonds in the principal amount of
$900,000 for the purpose of making permanent public
improvements for publ ic purposes in said Ci ty, to-wi t:
constructing bridge improvements and drainage improvements
necessary and incidental thereto; said bonds to mature serially
or otherwise, as may be determined by the City Council of said
City, the maximum maturity being not more than 40 years from
their date; and any issue or series of bonds to bear interest
per annum (payable annually or semi-annually) at the rate Dr
rates to be determined within the discretion of the City
Counci 1 of sa id Ci ty, provided that such rate or rates sha 11
not exceed the maximum rate per annum authorized by law at the
time of the issuance of any issue or series of said bonds; and
shall the City Council be authorized to levy an annual ad
valorem tax on all taxable property in said city sufficient to
pay the interest on said bonds as the same accrues and to
create a sinking fund sufficient to pay the principal thereof
as the same matures, as authorized by the Constitution and laws
of the State of Texas?"
PROPOSITION NO. 3
"Shall the City Council of the City of Colleyville,
Texas, be authorized to issue bonds in the principal amount of
$450,000 for the purpose of making permanent public
improvements for publ ic purposes in said Ci ty, to-wi t:
constructing a public building to be used for police facilities
and public administration; said bonds to mature serially or
otherwise, as may be determined by the City Council of said
City, the maximum maturity being not more than 40 years from
their date; and any issue or series of bonds to bear interest
per annum (payable annually or semi-annually) at the rate or
rates to be determined within the discretion of the City
Council of said City, provided that such rate or rates shall
not exceed the maximum rate per annum authorized by law at the
time of the issuance of any issue or series of said bonds; and
shall the City Council be authorized to levy an annual ad
valorem tax on all taxable property in said City sufficient to
pay the interest on said bonds as the same accrues and to
create a sinking fund sufficient to pay the principal thereof
as the same matures, as authorized by the Constitution and laws
of the State of Texas?"
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PROPOSITION NO. 4
"Shall the City Council of the City of Colleyville,
Texas, be authorized to issue bonds in the principal amount of
$400,000 for the purpose of making permanent public
improvements for public purposes in said City, to-wit:
constructing and equipping a fire station and acquiring land
necessary therefor; said bonds to mature serially or otherwise,
as may be determined by the City Council of said City, the
maximum maturity being not more than 40 years from their date;
and any issue or series of bonds to bear interest per annum
(payable annually or semi-annually) at the rate or rates to be
determined within the discretion of the City Council of said
City, provided that such rate or rates shall not exceed the
maximum rate per annum authorized by Law at the time of the
issuance of any issue or series of said bonds; and sha 11 the
City Council be authorized to levy an annual ad valorem tax on
all taxable property in said City sufficient to pay the
interest on said bonds as the same accrues and to create a
sinking fund sufficient to pay the principal thereof as the
same matures, as authorized by the Constitution and laws of the
State of Texas?"
PROPOSITION NO. 5
"Shall the City Council of the City of Colleyville,
Texas, be authorized to issue bonds in the principal amount of
$400,000 for the purpose of making permanent public
improvements for public purposes in said City, to-wi t:
acquiring land and constructing improvements thereon for public
park purposes, said bonds to mature serially or otherwise, as
may be determined by the City Council of said City, the maximum
maturity being not more than 40 years from their date; and any
issue or series of bonds to bear interest per annum (payable
annually or semi-annually) at the rate or rates to be
determined wi thin the discretion of the Ci ty Counci 1 of sa id
City, provided that such rate or rates shall not exceed the
maximum rate per annum authorized by law at the time of the
issuance of any issue 0 r ser ies of sa id bonds; and sha 11 the
City Council be authorized to levy an annual ad valorem tax on
all taxable property in said City sufficient to pay the
interest on said bonds as the same accrues and to create a
sinking fund sufficient to pay the principal thereof as the
same matures, as authorized by the Constitution and laws of the
State of Texas?"
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PROPOSITION NO. 6
"Shall the City Council of the City of Colleyvil1e,
Texas, be authorized to issue revenue bonds in the principal
amount of $1,000,000 for the purpose of constructing
improvements and extensions to the City's waterworks system
including an elevated water storage tank; said bonds to mature
serially or otherwise, as may be determined by the City Council
of said City, the maximum maturity being not more than 40 years
'from their date; and any issue or series of bonds to bear
",interest per annum (payable annually or semi-annually) at the
rate or rates to be determined wi thin the discretion of the
City Council of said City, provided that such rate or rates
shall not exceed the maximum rate per annum authorized by law
at the time of the issuance of any issue or series of said
bonds; said revenue bonds to be special obligations of the
City, payable both as to principal and interest solely from and
secured by a first lien on and pledge of the revenues of the
City's combined waterworks and sanitary sewer system after
deduction of reasonable operation and maintenance expenses, as
such expenses are defined by statute; each such bond to be
conditioned that the holder thereof shall never have the right
to demand payment of said obligations out of funds raised or to
be raised by taxation?"
SECTION 2: That the entire City shall, for the
purpose of this election, constitute one election precinct.
The polling place for the holding of said election shall be at
the Colleyville City Hall, 5400 Bransford, Colleyville, Texas
76034. That Jim Moore is hereby appointed presiding judge for
the holding of said election and Sharon Lambert is hereby
appointed alternate presiding judge. The presiding judge shall
appoint as many clerks as said judge shall deem necessary for
the holding of said election.
SECTION 3: That the City Secretary shall be the clerk
for absentee voting for said election. The office of the City
Secretary in the city Hall is hereby designated as the place at
which absentee voting shall be conducted.
SECTION 4: That the poll shall remain open from 7:00
o'clock a.m. to 7:00 o'clock p.m. on the date of said
election. The office of the City Secretary shall remain open
for the purpose of absentee voting from 8:00 o'clock a.m. to
5:00 o'clock p.m. with the exception of Saturdays, Sundays and
recognized city holidays.
.
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SECTION 5: That
voting at the regular polling
and shall also be used for
appearance and by mail.
paper ballots shall be used for
place on the day of said election
absentee voting both by personal
SECTION 6: That the official ballots
election shall be prepared in accordance with
Election Code so as to permi t the electors to vote
"AGAINST" the following ballot propositions:
for said
the Texas
"FOR" or
PROPOSITION NO. 1
,;;
"The issuance of $8,000,000 of general obligation
bonds for the purpose of constructing street improvements and
drainage improvements necessary and incirlental thereto."
PROPOSITION NO. 2
"The issuance of $900,000 of ~eneral obligation bonds
for the purpose of constructing bridge improvements and
drainage improvements necessary and incidental thereto."
PROPOSITION NO. 3
"The issuance of $450,000 of general obligation bonds
for the purpose of constructing a public building to be used
for police facilities and public administration."
PROPOSITION NO. 4
"The issuance of $400,000 of general obligation bonds
for the purpose of constructing and equipping a fire station
and acquiring land necessary therefor."
PROPOSITION NO. 5
"The issuance of $400,000 of general obligation bonds
for the purpose of acquiring land and constructing improvements
thereon for public park purposes."
PROPOSITION NO. 6
"The issuance of $1,000,000 of revenue bonds
purpose of constructing improvements and extensions
Ci ty' s waterworks system including an elevated water
tank."
for the
to the
storage
.
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SECTION ,7: That all resident qualified electors of
the City shall be permitted to vote at said election. The
election shall be held and conducted in accordance with the
Texas Election Code except as modified by Chapter 1 of
Title 22, V.A.T.C.S., and as may be required by law, all
election materials and proceedings shall be printed in both the
English and Spanish languages.
SECTION 8: That notice of said election shall be
given by posting a substantial copy of this resolution at the
City Hall and at three (3) other public places within the City
- not less than fourteen (14) days prior to the date on which the
election shall be held and by publishing a substantial copy of
this resolution on the same day in each of two (2) consecutive
weeks in a newspaper published and Df general circulation
within the city, the date of the first publication to be not
less than fourteen (14) days prior to the date of said election.
PASSED, ADOPTED AND APPROVED on this the 17th day of
December, 1985.
CITY OF COLLEYVILLE, TEXAS
(SArti ~~
Mayor
ATTdYL -- ~
City seccetG
(SEAL OF CITY)
.
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