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HomeMy WebLinkAbout1992 - City of Blaine General Obligation Bond $850,000 Nov 3,1992WHATCOM COUNTY AUDITOR'S OFFICE OFFICIAL CANVASS OF THE SPECIAL ELECTION HELD IN WHATCOM COUNTY, WASHINGTON ON SEPTEMBER 15, 1992 IN THE CITY OF BLAINE FOR THE PURPOSE OF SUBMITTING TO THE QUALIFIED ELECTORS OF THE CITY THE PROPOSITION TO ISSUE BONDS IN THE AMOUNT OF $850,000.00 TO FINANCE THE BLAINE COMMUNITY CENTER EXPANSION. OATH OF AUDITOR STATE OF WASHINGTON ) ss. COUNTY OF WHATCOM ) I do solemnly swear that the returns purporting to be the election returns of the City of Blaine, Whatcom County, Washington have not been altered by additions or erasures, and that they are the same as when they were deposited in my office. 1992. Whatcom C my Auditor Subscribed and sworn to before me this 25th day of September, cokinty Legis ativ Authority 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 in the precincts within the boundaries of the City of Blaine, Whatcom County, Washington on the 15th day of September, 1992 and the results were as follows: CITY OF BLAINE PROPOSITION NO.1 Bonds Financing the Blaine Community Center Expansion Shall the City of Blaine impose a tax on all real property within the City of Blaine to provide for BONDS, an $850.000.00 bond issue to cover the cost of YES 199 construction of an addition to the Blaine Community Center for use by the Blaine Senior Center, the Boys and Girls Club and other BONDS, community programs and functions specified in NO 201 Resolution No. 967? 1992. Number Persons Voting Last General Election 776 40% 310 60% 186 BONDS, YES 358 60.7% BONDS, NO 232 39.3% BONDS, PASSED: 60.7% The canvass having been completed this 25th day of September, WHATCOM COUNTY CANVASSING BOARD F14 —0170 County Audi r ► - .M Legisla ive 7 r� thority County Deputy Prosecuting Attorney WHATCOM COUNTY AUDITOR'S OFFICE OFFICIAL CANVASS OF THE SPECIAL ELECTION HELD NOVEMBER 3, 1992 IN THE CITY OF BLAINE, WHATCOM COUNTY, WASHINGTON FOR THE PURPOSE OF SUBMITTING TO THE QUALIFIED ELECTORS OF. THE CITY THE PROPOSITIONS FOR GENERAL OBLIGATION BONDS IN THE AMOUNT OF $850,000 TO CONSTRUCT AND EQUIP AN ADDITION TO THE BLAINE COMMUNITY CENTER AND FOR THE ADOPTION OF AN ORDINANCE ABOLISHING THE BLAINE MUNICIPAL AIRPORT AS A MUNICIPAL FUNCTION. OATH OF AUDITOR STATE OF WASHINGTON ) ss. COUNTY OF WHATCOM ) I do solemnly swear that the returns purporting to be the election returns of the City of Blaine, Whatcom County, Washington have=nbt been altered by additions or erasures, and that they are the'same,as when they were deposited in my office. 1992. Whatcom C711ty Auditor Subscribed and sworn to before me this 17th day of November, County Legislative Authority 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 in the precincts within the boundaries of the City of Blaine, Whatcom County, Washington on the 3rd day of November, 1992 and the results were as follows: CITY OF BLAINE PROPOSITION NO.1 I General Obligation Bonds - $850,000 For the purpose of constructing and equip- ping an addition to the Blaine Community Center, including furnishings and equipment therefor, and other capital improvements, shall the City of Blaine issue general obliga- tion bonds in the principal amount of not to exceed $850,000, both principal and interest payable out of annual property tax levies in excess of regular property tax levies, matur- ing within a maximum of 10 years, as provided in Ordinance No. 2084? CITY OF BLAINE PROPOSITION NO.2 NUMBER OF PERSONS VOTING LAST GENERAL 776 BONDS, YES 158 -� BONDS, NO 160 73' Proposed By The City Council "Shall an ordinance be adopted by the City Council of the City of Blaine, Washington, abolishing the Blaine Municipal Airport as a municipal function? FOR THE ORDINANCE ABOLISHING THE AIRPORT 167 AGAINST THE ORDINANCE ABOLISHING THE AIRPORT 169 TURNOUT YES 40. 60% 310 186 BONDS, YES 694 BONDS, NO BONDS PASSED: 341 67.1% FOR THE ORDINANCE ABOLISHING THE AIRPORT 490 AGAINST THE ORDINANCE 564 ABOLISHING THE AIRPORT FAILED: 46.5% The canvass having been completed this 17th day of November, 1992. ,� 1+S S WHATCOM COUNTY CANVASSING BOARD �.%'+......aF9 � e i• i i County Au for *! / ��iY•'�� County Legislative Authority County Deputy Prosecuting Attorney ti. CITY OF BLAINE PROPOSITION NO. 1 GENERAL OBLIGATION BONDS - $850,000 For the purpose of constructing and equipping an addition to the Blaine Community Center, including furnishings and equipment therefor, and other capital improvements, shall the City of Blaine issue general obligation bonds in the principal amount of not to exceed $850,000, both principal and j�- interest payable out of annual property tax levies in excess of regular property tax levies, maturing within a maximum of i0 years, as provided in Ordinance No.�? The polls for such special election shall be open from 7:00 a.m. to 8:00 p.m. Certification of such proposition by the Clerk of the City to the Whatcom County Auditor, in accordance with law, prior to the date of such election on November 3, 1992, and any other act consistent with the authority and prior to the effective date of this ordinance, are hereby ratified and confirmed. Section 4. Severability. In the event any one or more of the provisions of this ordinance shall for any reason be held to be invalid, such invalidity shall not affect or invalidate any other provision of this ordinance or the bonds, but' this ordi- nance and the bonds shall be construed and enforced as if such invalid provision had not been contained herein; provided, that any provision which shall for any reason be held by reason of its - 5 - JAROOO.DOC 92/09108 Cps p�N�'S pt� s 4�'��� ORDINANCE NO."�-�- AN ORDINANCE providing for the submission to:,, the qualified electors of the City of Bla he, Washington, at a special election to be held therein on November 3, 1992, of a proposition authorizing the City to issue its general obligation bonds in the aggregate principal amount of not to exceed $850,000 or so much thereof as may be issued under the laws governing the indebtedness of cities, for the purpose of providing funds to construct and equip an addition to the Blaine Community Center. WHEREAS, the best interests of the inhabitants of the City of Blaine, Washington (the "City") require the City to construct and equip an addition to the Blaine Community Center located at 763 "G" Street (the "Project"); and WHEREAS, to provide financing for the Project it is deemed necessary and advisable that the City issue and sell its unlimited tax levy general obligation bonds in the principal amount of not to exceed $850,000; and WHEREAS, the constitution and laws of the State of Washington provide that the question of whether or not the City may issue such bonds be submitted to the qualified electors of the City for their ratification or rejection; NOW, THEREFORE, THE CITY OF BLAINE, WASHINGTON, DOES ORDAIN AS FOLLOWS: Section 1. Findings; Authorization of Improvements. The City Council hereby finds that the best interests of the inhabitants of the City require the City to construct an addition to the Blaine Community Center, including all furnishings and equipment therefor, at the time and in the manner deemed most necessary and advisable by the Council (the "Project"). The estimated cost of the Project, including the cost of issuing and selling the bonds provided in this ordinance, is declared to be, as nearly as may be determined, the amount of $850,000. If the City receives funds from the State or other sources in the future to offset the costs of the Project, such funds may be deposited in the appropriate capital projects fund of the City and thereby reduce the need for future bond/capital levies or may be applied to reduce debt service on the bonds authorized herein. The City Council shall determine the exact specifications for such addition to the Blaine Community Center or other improvements authorized hereunder. If the City Council, by ordinance, shall determine that it has become impracticable to accomplish the Project or portions thereof by reason of changed conditions or. needs, incompatible development, costs substantially in excess of those estimated, or acquisition by a superior governmental authority, the City shall not be required to accomplish the Project and may apply bond proceeds as set forth in this section. If the Project has been completed, or its completion duly provided for, or its completion found to be impractical, the City may apply the bond proceeds or any portion thereof to other capital purposes of the City, or to payment of principal of or interest on the bonds, as the Council in its discretion shall determine. In the event that the sale of the - 2 - JAROOO DOC 9V09/08 bonds, plus any other moneys of the City legally available, are insufficient to accomplish all of the Project, the City shall use the available funds for paying the costs of those portions of the Project deemed by the City most necessary and in the best interest of the City. Section 2. Authorization of Bonds. For the purpose of providing the funds necessary to pay the costs of the Project, the City shall issue and sell its general obligation bonds in the aggregate principal amount of not to exceed $850,000. Such bonds shall be issued in an amount not exceeding the amount approved by the qualified electors of the City or exceeding the amount permitted by the constitution and laws of the State of Washington. The balance, if any, of the cost of the Project shall be paid out of any money that the City now has or may later have on hand that is legally available for such purposes. The bonds to be issued shall be issued in such amounts and at such time or times as found necessary and advisable by the City Council. The bonds may be issued in one or more series and shall bear interest payable at a rate or rates not to exceed a maximum rate authorized by the City Council. The bonds shall mature in such amounts and at such times within a maximum term of Ten years from date of issue, but may mature at an earlier date or dates as authorized by the City Council and as provided by law. The exact date, form, terms, options of redemption, maturities and conditions of sale of the bonds shall be as hereafter fixed by ordinance of the City Council passed for such - 3 - JAROOO.DOC 92/09/08 purpose. The bonds shall be general obligations of the City and, unless paid from other sources, both principal of and interest on the bonds shall be payable out of annual tax levies to be made upon all the taxable property within the City without limitation as to rate or amount. After voter approval of the bond proposition and in anticipation of the issuance of such bonds, the City may issue short term obligations as authorized by Chapter 39.50 RCW. Section 3. Bond Election. It is hereby found and declared that an emergency exists requiring the submission to the quali- fied electors of the City of a proposition authorizing the City to issue bonds for the purposes of constructing and equipping an addition to the Blaine Community Center at a special election to be held on the 3rd day of November, 1992. The Whatcom County Auditor as ex officio supervisor of elections is hereby requested to find the existence of such emergency and to assume jurisdiction of and to call and conduct said special election to be held within the City and to submit to the qualified electors of the City the proposition hereinafter set forth. The City Clerk is hereby authorized and directed, not less than 45 days prior to November 3, 1992, to certify the following proposition to the Whatcom County Auditor in the following form: - 4 - JAROOO.DOC 92/09/08 CITY OF BLAINE PROPOSITION NO. 1 GENERAL OBLIGATION BONDS - $850,000 For the purpose of constructing and equipping an addition to the Blaine Community Center, including furnishings and equipment therefor, and other capital improvements, shall the City of Blaine issue general obligation bonds in the principal amount of not to exceed $850,000, both principal and interest payable out of annual property tax levies in excess of regular property tax levies, maturing within a maximum of 10 years, as provided in Ordinance No. a? The polls for such special election shall be open from 7:00 a.m. to 8:00 p.m. Certification of such proposition by the Clerk of the City to the Whatcom County Auditor, in accordance with law, prior to the date of such election on November 3, 1992, and any other act consistent with the authority and prior to the effective date of this ordinance, are hereby ratified and confirmed. Section 4. Severability. In the event any one or more of the provisions of this ordinance shall for any reason be held to be invalid, such invalidity shall not affect or invalidate any other provision of this ordinance or the bonds, but this ordi- nance and the bonds shall be construed and enforced as if such invalid provision had not been contained herein; provided, that any provision which shall for any reason be held by reason of its - 5 - JAROOO.DOC 92/09/08 extent to be invalid shall be deemed to be in effect to the extent permitted by law. Section 5. Effective Date. This ordinance shall become effective five days after its passage and publication. PASSED by the Council of the City of Blaine, Washington, at a regular meeting thereof, held this -Z-�—/ day of September, 1992. CITY OF BLAINE, WASHINGTON -Z By Wa 'r ATTEST: 26" City Clerk - 6 - JAROOO DOC 92W/08 CERTIFICATE I, the undersigned, Clerk of the City of Blaine, Washington (the "City"), and keeper of the records of the City Council (herein called the "Council"), DO HEREBY CERTIFY: 1. That the attached ordinance is a true and correct copy of Ordinance No.42LzI_ of the Council (herein called the "Ordinance"), duly passed at a regular meeting thereof held on the _L_� day of September, 1992. 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 Council voted in the proper manner for the passage of said Ordinance; that all other require- ments and proceedings incident to the proper passage of said Ordinance 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 and affixed the official seal of the City this day of September, 1992. City Clerk Cj v . ORDINANCE NO. AN ORDINANCE providing for the submission to the qualified electors of the City of Blaine, Washington, at a special election to be held therein on November 3, 1992, of a proposition authorizing the City to issue its general obligation bonds in the aggregate principal amount of not to exceed $850,000 or so much thereof as may be issued under the laws governing the indebtedness of cities, for the purpose of providing funds to construct and equip an addition to the Blaine Community Center. WHEREAS, the best interests of the inhabitants of the City of Blaine, Washington (the "City") require the City to construct and equip an addition to the Blaine Community Center located at 763 "G" Street (the "Project"); and WHEREAS, to provide financing for the Project it is deemed necessary and advisable that the City issue and sell its unlimited tax levy general obligation bonds in the principal amount of not to exceed $850,000; and WHEREAS, the constitution and laws of the State of Washington provide that the question of whether or not the City may issue such bonds be submitted to the qualified electors of the City for their ratification or rejection; NOW, THEREFORE, THE CITY OF BLAINE, WASHINGTON, DOES ORDAIN AS FOLLOWS: Section 1. Findings; Authorization of Improvements. The City Council hereby finds that the best interests of the inhabitants of the City require the City to construct an addition to the Blaine Community Center, including all furnishings and equipment therefor, at the time and in the manner deemed most necessary and advisable by the Council (the "Project"). The estimated cost of the Project, including the cost of issuing and selling the bonds provided in this ordinance, is declared to be, as nearly as may be determined, the amount of $850,000. If the City receives funds from the State or other sources in the future to offset the costs of the Project, such funds may be deposited in the appropriate capital projects fund of the City and thereby reduce the need for future bond/capital levies or may be applied to reduce debt service on the bonds authorized herein. The City Council shall determine the exact specifications for such addition to the Blaine Community Center or other improvements authorized hereunder. If the City Council, by ordinance, shall determine that it has become impracticable to accomplish the Project or portions thereof by reason of changed conditions or needs, incompatible development, costs substantially in excess of those estimated, or acquisition by a superior governmental authority, the City shall not be required to accomplish the Project and may apply bond proceeds as set forth in this section. If the Project has been completed, or its completion duly provided for, or its completion found to be impractical, the City may apply the bond proceeds or any portion thereof to other capital purposes of the City, or to payment of principal of or interest on the bonds, as the Council in its discretion shall determine. In the event that the sale of the - 2 - JAROOO.DOC 92/09/08 bonds, plus any other moneys of the City legally available, are insufficient to accomplish all of the Project, the City shall use the available funds for paying the costs of those portions of the Project deemed by the City most necessary and in the best interest of the City. Section 2. Authorization of Bonds. For the purpose of providing the funds necessary to pay the costs of the Project, the City shall issue and sell its general obligation bonds in the aggregate principal amount of not to exceed $850,000. Such bonds shall be issued in an amount not exceeding the amount approved by the qualified electors of the City or exceeding the amount permitted by the constitution and laws of the State of Washington. The balance, if any, of the cost of the Project shall be paid out of any money that the City now has or may later have on hand that is legally available for such purposes. The bonds to be issued shall be issued in such amounts and at such time or times as found necessary and advisable by the City Council. The bonds may be issued in one or more series and shall bear interest payable at a rate or rates not to exceed a maximum rate authorized by the City Council. The bonds shall mature in such amounts and at such times within a maximum term of Ten , years from date of issue, but may mature at an earlier date or dates as authorized by the City Council and as provided by law. The exact date, form, terms, options of redemption, maturities and conditions of sale of the bonds shall be as hereafter fixed by ordinance of the City Council passed for such - 3 - JAROOQ.DOC 92/09/08 purpose. The bonds shall be general obligations of the City and, unless paid from other sources, both principal of and interest on the bonds shall be payable out of annual tax levies to be made upon all the taxable property within the City without limitation as to rate or amount. After voter approval of the bond proposition and in anticipation of the issuance of such bonds, the City may issue short term obligations as authorized by Chapter 39.50 RCW. Section 3. Bond Election. It is hereby found and declared that an emergency exists requiring the submission to the quali- fied electors of the City of a proposition authorizing the City to issue bonds for the purposes of constructing and equipping an addition to the Blaine Community Center at a special election to be held on the 3rd day of November, 1992. The Whatcom County Auditor as ex officio supervisor of elections is hereby requested to find the existence of such emergency and to assume jurisdiction of and to call and conduct said special election to be held within the City and to submit to the qualified electors of the City the proposition hereinafter set forth. The City Clerk is hereby authorized and directed, not less than 45 days prior to November 3, 1992, to certify the following proposition to the Whatcom County Auditor in the following form: - 4 - JAROOQ.DOC 92/09/08 CITY OF BLAINE PROPOSITION NO. 1 GENERAL OBLIGATION BONDS - $850,000 , j S't C' 19 91? For the purpose of constructing and equipping an addition to the Blaine Community Center, including furnishings and equipment therefor, and other capital improvements, shall the City of Blaine issue general obligation bonds in the principal amount of not to exceed $850,000, both principal and interest payable out of annual property tax levies in excess of regular property tax levies, maturing within a maximum of 10 years, as provided in Ordinance No.20'�? The polls for such special election shall be open from 7:00 a.m. to 8:00 p.m. Certification of such proposition by the Clerk of the City to the Whatcom County Auditor, in accordance with law, prior to the date of such election on November 3, 1992, and any other act consistent with the authority and prior to the effective date of this ordinance, are hereby ratified and confirmed. Section 4. Severability. In the event any one or more of the provisions of this ordinance shall for any reason be held to be invalid, such invalidity shall not affect or invalidate any other provision of this ordinance or the bonds, but this ordi- nance and the bonds shall be construed and enforced as if such invalid provision had not been contained herein; provided, that any provision which shall for any reason be held by reason of its - 5 - JAROOO.DOC 92/09/08 extent to be invalid shall be deemed to be in effect to the extent permitted by law. Section 5. Effective Date. This ordinance shall become effective five days after its passage and publication. PASSED by the Council of the City of Blaine, Washington, at a regular meeting thereof, held this day of September, 1992. ATTEST: City Clerk CITY OF BLAINE, WASHINGTON Zl—rXlCg�� By q04"X- r - 6- JAROOO.DOC 92/09/08 CERTIFICATE I, the undersigned, Clerk of the City of Blaine, Washington (the "City"), and keeper of the records of the City Council (herein called the "Council"), DO HEREBY CERTIFY: 1. That the attached ordinance is a true and correct copy of Ordinance No. of the Council (herein called the "Ordinance"), duly passed at a regular meeting thereof held on the _L�1_ day of September, 1992. 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 Council voted in the proper manner for the passage of said Ordinance; that all other require- ments and proceedings incident to the proper passage of said Ordinance 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 and affixed the official seal of the City this day of September, 1992. City Clerk AUDITOR'S OFFICE County Courthouse - 311 Grand Ave. P.O. Box 398 Bellingham, WA 98227-0398 SHIRLEY FORSLOF AUDITOR OF WHATGOM COUNTY VALIDATION FIGURES FOR THE CITY OF BLAINE November 3, 1992 .It The validation figures are based on the number of voters who voted in the City of Blaine in the last general election held on November 5, 1991. Number of Persons District Voting Last General City of Blaine 776 400 Turnout 310 60% Yes Vote 186 Shirley FQfslof Whatcom Bounty Auditor Auditor - Accounting Recording Elections Motor Vehicle Licensing FAX (206) 676.6740 (206) 676-6741 (206) 676-6742 (206) 676-6743 (206) 676-7727