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HomeMy WebLinkAbout1990 - City of Ferndale General Obligation Bonds City Hall...$1,250,000 (Failed) GO Bonds Library $1,300,000 (Passed 63.2%) Sept 18,1990-1 � S 9 �o 0 3 0 3 Absentee Voter Guide PrimaryElecdon September 16,1990 Whatcom County, Washington CITY OF FERNDALE Proposition No.1 General Obligation Bonds — $1,250,000 To construct and equip a city hall/public-safety facility at the City of Ferndale's property on West Main, shall the City of Ferndale issue general obligation bonds in the principal amount of not to exceed $1,250,000 ($1,125,000 if both Propositions 1 and 2 pass), payable out of annual property tax levies in excess of constitutional or statutory tax limitations, maturing within a maximum term of 25 years, as provided in Ordinance No. 916? BONDS, YES 464 BONDS, NO 484 Proposition No. 2 General Obligation Bonds — $1,300,000 To construct and equip a library at the City of Ferndale's property on West Main, shall the City of Ferndale issue general obligation bonds in the principal amount of not to exceed $1,300.000 ($1,175,000 if both Propositions 1 and 2 pass), payable out of annual property tax levies in excess of constitutional or statutory tax limitations, maturing within a maximum term of 25 years, as provided in Ordinance No. 916? BONDS, YES 554 BONDS, NO 574 WHATCOM COUNTY AUDITOR'S OFFICE OFFICIAL CANVASS OF THE SPECIAL ELECTION HELD SEPTEMBER 18, 1990 IN THE CITY OF FERNDALE, WHATCOM COUNTY, WASHINGTON FOR THE PURPOSE OF SUBMITTING TO THE QUALIFIED ELECTORS OF THE DISTRICT PROPOSITION NO. 1 TO ISSUE GENERAL OBLIGATION BONDS IN THE AMOUNT OF $1,250,000 AND PROPOSITION NO. 2 TO ISSUE GENERAL OBLIGATION BONDS IN THE AMOUNT OF $1,300,000. 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 Ferndale, 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. Whatcom Cofan ty Auditor Sul bscrkbed and sworn to before me this 28th day of September, 1990. ^ aunty L xsl ivegl.Atuthgrity + 9•r CERTIFICATION OF CANVASSING BOARD - STATE OF WASHINGTON 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 precincts within the boundaries of the City of Ferndale, Whatcom County, Washington on the 18th day of September, 1990 and the results were as follows: CITY OF FERNDALE Propositlon No.1 General Obligation Bonds - $1,250,000 To construct and equip a city hall/public safety facility at the City of Ferndale's property on West Main, shall the City of Ferndale issue general obligation bonds in the principal amount of not to exceed $1,250,000 ($1,125,000 if both Proposidons 1 and 2 pass), payable out of annual property tax levies in excess of constitutional or statutory tax limitations, maturing within a maximum term of 25 years, as provided in Ordinance No. 916? Propositlon No. 2 General Obligation Bonds — $1,300,000 To construct and equip a library at the City of Ferndale's property on West Main, shall the City of Ferndale issue general obligation bonds in the principal amount of not to exceed $1,300,000 ($1,175,000 if both Propositions 1 and 2 pass), payable out of annual property tax levies in excess of constitutional or statutory tax limitations, maturing within a maximum term of 25 years, as provided in Ordinance No. 9167 The canvass September, 1990. An. 'S � e • r having been Number Persons Voting Last General Election 1,068 40% 427 60% 256 VOTES, BONDS YES 399 VOTES, BONDS NO 347 FAILED: VOTES, BONDS YES 473 VOTES, BONDS NO 276 PASSED: 63.2% completed this 28th day of WHATCOM COUNTY CANVASSING BOARD County �ditor' County gis a ive Auth!bF' , y '�• r••. • 40 '� : K ac � � I =• County Depu Tosecat%jxg'vAttol' 4 ,i CERTIFICAT�L L4 1 a PU f90 I, the undersigned, Clerk of the City -of Ferndale, 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 16th day of July, 1990. 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 requirements 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 1990. Cierk P -3 ORDINANCE NO. q 16 AN ORDINANCE providing for the submission to the qualified electors of the City of Ferndale at a special election to be held therein on September 18, 1990, of propositions authorizing the City to issue its general obligation bonds in the aggregate principal amount of not to exceed $2, 550, 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 a city hall/public safety facility and library. WHEREAS, the best interests of the inhabitants of the City of Ferndale, Washington (the "City") requires the City to construct and equip a city hall/public safety facility and library; and WHEREAS, to provide financing for the construction and equipping of such city hall/public safety facility and library it is deemed necessary and advisable that the City issue and sell its unlimited tax levy general obligation bonds in the principal amount not to exceed $2,550,000; 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 FERNDALE, WASHINGTON, DO ORDAIN AS FOLLOWS: Section 1. Findings. The City Council hereby finds that the best interests of the inhabitants of the City require the City to construct and equip the city hall/public safety facility and M 'A-3 library hereinafter described at the, time or times and in the order and in the manner deemed most necessary and advisable by the Council. Section 2. Construction of City Hall/Public Safety Facility and Library. The City hereby orders the demolition of the existing city shop, preparation of the land for and the construction and equipping of a city hall/public safety facility and library on West Main in the City, subject to voter approval as specified herein and such environmental review and other requirements as may be applicable. The city hall/public safety facility shall be approximately 11,000 square feet. The library shall be approximately 10,500 square feet. The cost of the city hall/public safety facility is estimated to be $1,250,000 and the cost of the library is estimated to be $1,300,000; provided, that the cost of such facilities is expected to be reduced by $125,000 each if both facilities are constructed because the costs of land preparation will not be duplicated. The costs of all necessary consulting services, inspection and testing, design work, administrative expenses and other costs incurred in connection with such construction shall be deemed a part of the cost of its construction. The City Council shall determine the exact specifications for such city hall/public safety facility and library. If the City Council, by ordinance, shall determine that it has become impractical to construct and equip any, portion of the city hall/public safety facility and library by reason of changed - 2 - NMN274 07/12/90 k-3 conditions, or costs substantially in excess of the amount of bond proceeds or tax levies estimated to be applied thereto, the City shall not be required to construct such portion or portions. If all of the facilities so described have been constructed and equipped, or their construction and equipping duly provided for, or their construction and equipping found to be impractical, the City may apply the bond proceeds or any portion thereof to other city capital purposes or to the redemption of the bonds as the Council, by ordinance and in its discretion, shall determine. Section 3. Authorization of Bonds. For the purpose of providing part of the funds necessary to pay the costs of the construction of the city hall/public safety facility and library, as authorized by Section 2 of this ordinance, the City shall issue and sell its general obligation bonds in the aggregate principal amount of not to exceed $2,550,000. 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 city hall/public safety facility and library shall be paid out of any money which the City now has or may later have on hand which 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 - 3 - NMN274 07/12/90 /3 - 3 rate authorized by the City Council. The bonds shall mature in such amounts and at such times within a maximum term of 25 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 or ordinances of the City Council passed for such purpose. Said 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 propositions and in anticipation of the issuance of such bonds, the City may issue short term obligations as authorized by Chapter 39.50 RCW. Section 4. Bond Election. It is hereby found and declared that an emergency exists requiring the submission to the qualified electors of the City of propositions authorizing the City to issue bonds for the purpose of constructing and equipping the city hall/public safety facility and library described in Section 2, at a special election to be held therein on the 18th day of September, 1990. 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 propositions hereinafter set forth. - 4 - NMN274 07/12/90 [-� /3-3 The City Clerk is hereby authorized and directed, not less than 45 days prior to September 18, 1990, to certify the following propositions to the Whatcom County Auditor in the following form: CITY OF FERNDALE PROPOSITION NO. 1 GENERAL OBLIGATION BONDS - $1,250,000 To construct and equip a city hall/public safety facility at the City of Ferndale's property on West Main, shall the City of Ferndale issue general obligation bonds in the principal amount of not to exceed $1,250,000 ($1,125,000 if both Propositions 1 and 2 pass), payable out of annual property tax levies in excess of constitutional or statutory tax. limitations, maturing within a maximum term of 25 years, as provided in Ordinance No. ? BONDS, YES . . . . . . . [ ] BONDS, NO . . . . . . . . [ ] CITY OF FERNDALE PROPOSITION NO. 2 GENERAL OBLIGATION BONDS - $1,300,000 To construct and equip a library at the City of Ferndale's property on West Main, shall the City of Ferndale issue general obligation bonds in the principal amount of not to exceed $1,300,000 ($1,175,000 if both Propositions 1 and 2 pass), payable out of annual property tax levies in excess of constitutional or statutory tax limitations, maturing within a maximum term of 25 years, as provided in Ordinance No. ? BONDS, YES . . . . . . . . [ ] BONDS, NO . . . . . . . . . [ ] The polls for such special election shall be open from 7:00 a.m. to 8:00 p.m. Certification of such propositions by the Clerk of the City Council to the Whatcom County Auditor, in accordance with law, - 5 - NMN274 07/12/90 ) q 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 extent to be invalid shall be deemed to be in effect to the extent permitted by law. Section 6. Effective Date. This ordinance shall become effective five days after its passage and publication. PASSED by the Council of the City of Ferndale, Washington, at a regular meeting thereof, held this 16th day of July, 1990. CITY OF FERNDALE, WASHINGTON By\ .)- Mayor ATTEST: S1GIV4S �, akty Clerk * � g)pATED 2 APPROVED AS TO FORM: City Attorney NMN274 07/12/90 �-3 prior to the date of such election on September 18, 1990, and any other act consistent with the authority and prior to the effective date of this ordinance, are hereby ratified and confirmed. Section 5. 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 ordinance 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 extent to be invalid shall be deemed to be in effect to the extent permitted by law. Section 6. Effective Date. This ordinance shall become effective five days after its passage and publication. PASSED by the Council of the City of Ferndale, Washington, at a regular meeting thereof, held this 16th day of July, 1990. ATTEST: G-kty Clerk APPROVED AS TO FORM: City Attorney CITY OF FERNDALE, WASHINGTON By �o • s�cNFr� * I I"RpOPATED Mayor NMN274 07/12/90