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HomeMy WebLinkAbout1986 September 16 1986 Special Lynden School District 504WHATCOM COUNT`f AUDITOR'S OFFICE Bonds, YES - 61 407o 973 VOTES BONDS, YES 1,086 VOTES BONDS, NO 926 NO - 62 BONDS FAILED: 54. 0% Bonds, P.O. Box 398 JOAN OGDEN, Auditor Bellingham, WA 98225 Phone 676 - 6740 OFFICIAL CANVASS OF THE SPECIAL ELECTION HELD IN WHATCOM COUNTY, WASHINGTON ON THE 16TH DAY OF SEPTEMBER, 1986 FOR THE PURPOSE OF SUB- MITTING TO THE QUALIFIED ELECTORS IN LYNDEN SCHOOL DISTRICT NO. 504 THE PROPOSITION TO ISSUE $2,275,000 GENERAL OBLIGATION BONDS FOR CONSTRUCTING AND EQUIPPING A NEW ELEMENTARY SCHOOL. OATH OF AUDITOR STATE OF WASHINGTON) ss. COUNTY OF WHATCOM ) I do solemnly swear that the returns purporting to'be the election returns of Lynden School District No. 504, Whatcom County, Washington, held on the 16th day of September, 1986, have in no wise been altered by additions or erasures, and that they are the same as when I received them, SO HELP ME GOD. n tcom �Vlnty Auditor Subscribed and sworn to before me this 24th day of September, 1986. Chz-i l County Le`gislative -Aut.ority 'r ! - CERTIFICATION OF CANVASSING BOARD STATE OF WASHINGTON) ss. COUNTY OF WHATCOM ) THIS IS TO CERTIFY THAT WE, as the Whatcom County Canvassing Committee have completed our canvass of votes as it pertains to the Special Election held within the various precincts within the boundaries of Lynden School District No. 504, Whatcom County, Washington on the 16th day of September, 1986, and the results were as follows: Number persons Voting Last General Election 2,433 LYNDEN SCHOOL DISTRICT NO. 504 Special Election — Proposition No. 1 GENERAL OBLIGATION BONDS — $2,275,000 For the purpose of constructing and equipping a now elementary school and acquiring a site therefor, and making other capital improvements, droll Lyndon School District 504 Issue $2,275.000 of general obligation bonds payable out of annual property tax levies in excess of constitutional or statutory tax limitations. maturing within a maxmlum term of 20 years, as provided In District Resolution NO. 13-867 canvass having been completed this 24th day of September, 1986. WHATCOM COUNTY CANVASSING BOARD ��ty Au itor evurtsy Legislative Authority Y •� �F County Prosecuting Attorney #%7� LYNDEN SCHOOL DISTRICT NO. 504 WHATCOM COUNTY, WASHINGTON UNLIMITED TAX GENERAL OBLIGATION BONDS RESOLUTION NO. 6-g6 A RESOLUTION of the Board of Directors of Lynden School District No. 504, Whatcom County, Washing- ton, providing for the form of the ballot proposi- tion and specifying certain other details concern- ing submission to the qualified electors of the district at a special election to be held therein on September 16, 1986, of a proposition for the issuance of its general obligation bonds in the aggregate principal amount of $2,275,000, or so much thereof as may be issued under the laws governing the indebtedness of school districts for the purpose of providing funds to acquire, con- struct, equip and make certain capital improve- ments to the facilities of the school district. PREPARED BY: PASSED JULY 21, 1986 PRESTON, THORGRIMSON, ELLIS & HOLMAN 5400 Columbia Seafirst Center 701 Fifth Avenue Seattle, Washington 98104-7011 TABLE OF CONTENTS* Page Recitals . . . . . . . . . . . . . . . . . . . . . . . . . 1 Section 1. Findings . . . . . . . . . . . . . . . . . 1 Section 2. Capital Improvements . . . . . . . . . . . 2 Section 3. Authorization of Bonds . . . . . . . . . . 3 Section 4. Details of Bonds . . . . . . . . . . . . . 3 Section 5. Bond Election . . . . . . . . . . . . . . . 4 *This Table of Contents is not a part of the following resolution. -i- FWW:WORK49:09 RESOLUTION NO. 6-86 A RESOLUTION of the Board of Directors of Lynden School District No. 504, Whatcom County, Washing- ton, providing for the form of the ballot proposi- tion and specifying certain other details concern- ing submission to the qualified electors of the district at a special election to be held therein on September 16, 1986, of a proposition for the issuance of its general obligation bonds in the aggregate principal amount of $2,275,000, or so much thereof as may be issued under the laws governing the indebtedness of school districts for the purpose of providing funds to acquire, con- struct, equip and make certain capital improve- ments to the facilities of the school district. WHEREAS, additional school facilities and improvements to existing school facilities are needed in Lynden School District No. 504, Whatcom County, Washington (the "District"), in order to provide the students attending and using the same with adequate, proper and safe educational facilities; and WHEREAS, in order to provide part of the funds to enable the District to acquire, construct, equip and make such necessary capital improvements to its existing facilities, it is deemed necessary and advisable that the District issue and sell its unlimited tax levy general obligation bonds in the principal amount of $2.275,000; and WHEREAS, the Constitution and laws of the State of Washington provide that the question of whether or not such bonds may be issued and sold for such purposes must be submitted to the qualified electors of the District for their ratification or rejection; NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of Lynden School District No. 504, Whatcom County, Washington, as follows: Section 1. Findings. This Board of Directors (the "Board") hereby finds and declares that the best interest of the students and other inhabitants of the District requires the District to carry out the plans hereinafter provided at the time or times and in the order deemed most necessary and advisable by the Board. Section 2. Capital Improvements. The District shall construct and equip a new elementary school for the District and acquire a site therefor. The cost of all necessary architectural, engineering and other consulting services, inspection and testing, administrative and relocation expenses and other costs incurred in connection with the making of the foregoing capital improvements shall be deemed a part of the costs of such improvements. Such improvements shall be complete with all necessary furniture, equipment and appurtenances. If available funds are sufficient, the District shall acquire, construct, equip and make other capital improvements to the facilities of the District, all as the Board of Directors finds necessary. In the event that the proceeds of sale of the bonds, plus any other moneys of the District legally available, are insufficient to accomplish all of the capital improvements provided by this section, the District shall use the available funds for paying the cost of those improvements for which the bonds were approved deemed by the Board most necessary and to the best interest of the District. Section 3. Authorization of Bonds. For the purpose of providing part of the funds necessary to pay the cost of the improvements described in Section 2 hereof, the District shall issue and sell its unlimited tax levy general obligation bonds in the principal amount of not to exceed $2,275,000• The balance of the cost of such improvements shall be paid out of any moneys which the District now has or may later have on hand which are legally available for such purposes and out of possible state or federal grants of money. None of said bond proceeds shall be -2- FWW:WORK49:09 used for the replacement of equipment or for any other than a capital purpose. Such bonds shall be issued in an amount not exceeding the amount approved by the qualified electors of the District as required by the Constitution and laws of the State of Washington or exceeding the amount permitted by the Constitution and laws of the State of Washington. Section 4. Details of Bonds. The bonds provided for in Section 3 hereof shall be sold in such amounts and at such time or times as deemed necessary and advisable by this Board and as permitted by law and by this resolution, shall bear interest at a rate or rates not to exceed the maximum rate permitted by law at the time the bonds are sold, and shall mature in such amounts and at such times within a maximum term of twenty (20) years from date of issue, but may mature at an earlier date or dates, as au- thorized by this Board and as provided by law. Said bonds shall be general obligations of the District and, unless paid from other sources, both principal thereof and interest thereon shall be payable out of annual tax levies to be made upon all the taxable property within the District without limitation as to rate or amount and in excess of any constitutional or statutory tax limitations. The exact date, form, terms and maturities of said bonds shall be as hereafter fixed by resolution of the Board of Directors. After voter approval of the bond proposition and in anticipation of the issuance of such bonds, the District may issue short term obligations as authorized and provided by Chapter 39.50 RCW. Section 5. Bond Election. It is hereby found and declared that an emergency exists requiring the District to submit to the qualified electors of the District the proposition of whether or not the District shall issue such bonds for such purposes at a special election to be held therein on the 16th day of September, 1986. -3- FWW:WORK49:09 The Whatcom County Auditor as ex officio supervisor of elections is hereby requested also to find the existence of such emergency and to call and conduct said special election to be held within the school district on said date and to submit to the qualified electors of the District the proposition hereinafter set forth. The Secretary of the Board of Directors is hereby authorized and directed to certify said proposition to said officials in the following form: PROPOSITION NO. —L LYNDEN SCHOOL DISTRICT NO. 504 GENERAL OBLIGATION BONDS - $2,275,000 For the purpose of constructing and equipping a new elementary school and acquiring a site therefor, and making other capit.41 improvements, t� shall Lynden School District #504issue $ 2,2752000 of general obligation bonds payable out of annual property tax levies in excess of constitutional or statutory tax limitations, maturing within a maximum term of 20 years, as provided in District Resolution # 6-86? BONDS, YES. . . . . . . . . . . ./ / BONDS, NO . . . . . . . . . . . . / / The polls for such special election shall be open from 7:00 o'clock A.M. to 8:00 o'clock P.M. The Secretary of the Board of Directors is hereby authorized to deliver certified copies of this resolution to the Whatcom County Auditor. PASSED by the Board of Directors of Lynden School District No. 504, Whatcom County, Washington, at a regular meeting thereof held the 21st day of July, 1986. LYNDEN SCHOOL DISTRICT NO. 504 WHATCOM COUNTY, WASHINGTON V. -4- FWW:WORK49:09 ATTEST: Sec etary, BoaraY Of Directors -5- FWW:WORK49:09 CERTIFICATE I, the undersigned, Secretary of the Board of Directors of Lynden School District No. 504, Whatcom County, Washington, (the "District") and keeper of the records of the Board of Directors (herein called the "Board"), DO HEREBY CERTIFY: 1. That the attached resolution is a true and correct copy of Resolution No.6-86 of the Board (herein called the "Resolu- tion"), duly passed at a regular meeting thereof held on the 21st day of July, 1986. 2. That said meeting was duly convened and held in all respects in accordance with law, and to the extent required by law, due and proper notice of such meeting was given; that a legal quorum was present throughout the meeting and a legally sufficient number of members of the Board voted in the proper manner for the passage of said Resolution; that all other re- quirements and proceedings incident to the proper passage of said Resolution have been duly fulfilled, carried out and otherwise observed; and that I am authorized to execute this certificate. IN WITNESS WHEREOF, I have hereunto set my hand this 21ST day of July, 1986. Secretary, Board of Directors