HomeMy WebLinkAbout1992 - City of Ferndale Bonds $2,770,000 Nov 3,1992 FailedWHATCOM COUNTY AUDITOR'S OFFICE
OFFICIAL CANVASS OF THE SPECIAL ELECTION HELD NOVEMBER 3, 1992
IN THE CITY OF FERNDALE, WHATCOM COUNTY, WASHINGTON FOR THE PURPOSE
OF SUBMITTING TO THE QUALIFIED ELECTORS OF THE CITY THE PROPOSITION
FOR GENERAL OBLIGATION BONDS IN THE AMOUNT OF $2,770,000 TO
CONSTRUCT AND EQUIP A CITY HALL/PUBLIC SAFETY FACILITY.
OATH OF AUDITOR
STATE OF WASHINGTON )
ss.
COUNTY OF WHATCOM )
I do solemnly swear
election returns of th
Washington *have not been
At a.� they, are the same as
ANN
_\ A
1992.
that the returns purporting to be the
e City of Ferndale, Whatcom County,
altered by additions or erasures, and
when they were deposited in my office.
Whatcom unty Audito
Subscribed and sworn to before me this 17th day of November,
County Legislative Authority
o
r
CERTIFICATION OF CANVASSING BOARD
STATE OF WASHINGTON ) • . • . 'f
) 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 Ferndale, Whatcom County, Washington on the 3rd day of
November, 1992 and the results were as follows:
CITY OF FERNDALE
NUMBER OF PERSONS TURNOUT YES
VOTING LAST GENERAL 40% 60%
1,527 611 367
CITY OF FERNDALE
PROPOSITION NO.1
,General Obligation Bonds - $2,770,000
To construct and equip a city hall/public safety
facility on City owned property and to make other
BONDS,
capital and necessary Street improvements, shall the
City of Ferndale issue general obligation bonds in the
YES 178 BONDS, YES 983
principal amount of not to exceed $2,770.000,
payable out of annual property tax levies in excess of
BONDS, NO 1,149
regular tax levies and constitutional or statutory tax
BONDS,
NO 180
limitations, maturing within 25 years, as provided in
BONDS FAILED: 46 . 1%
Ordinance No. 979?
1992.
The canvass having been completed this 17th day of November,
WHATCOM COUNTY CANVASSING BOARD
County A itor -`
IT
County Legislative Authority ° :
F q .
County Deputy Prosecuting Attorney
10 ABSENTEE VOTER GUIDE General Election
November 3,1092 Whatcom County, WasMngton
CITY OF FERNDALE
PROPOSITION NO. 1
General Obligation Bonds - $2,770,000
To construct and equip a city hall/public-safety
facility on City owned property and to make other
capital and necessary street improvements, shall the
BONDS,
City of Femdale issue general obligation bonds in the
YES 178
principal amount of not to exceed $2,770,000,
payable out of annual property tax levies in excess of
regular tax levies and constitutional or statutory tax
BONDS,
limitations, maturing within 25 years, as provided in
NO 18l)
Ordinance No. 979?
ORDINANCE NO.979
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AN ORDINANCE PROVIDING FOR THE SUBMISSION TO THE QUALIFIED ELECTORS OF THE CITY
OF FERNDALE AT THE GENERAL 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 $2,770,000, 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
MAKE NECESSARY STREET IMPROVEMENTS.
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
WHEREAS, to provide financing for the construction and equipping of such
city hall/public safety facility 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 $2,770,000; 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 COUNCIL OF 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 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. The City
hereby orders the demolition of the existing city shop, preparation of the land
for and the construction, acquisition and furnishing of a city hall/public safety
facility on West Main and Legoe Avenue 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 12,700
square feet. The total cost of the city hall/public safety facility and related
improvements is estimated to be $2,770,000. Such improvements shall be complete
with all necessary furniture, equipment and appurtenances.
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. 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 by reason of changed 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 and may apply bond proceeds as set forth in this section. In the
even that the proceeds of sale of the bonds, plus any other moneys of the City
legally available, are insufficient to accomplish all of th4e entire project
provided by this section, the City shall use the available funds for paying the
cost of those portions of the project for which the bonds were approved deemed
by the City Council most necessary and in the best interest of the City. 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, 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 $2,770,000. 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 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. None of said bond proceeds shall be used for the
replacement of equipment or for any other than a capital purpose.
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 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
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 4. Bond Election. It is hereby found that an emergency exists
requiring the City to submit to the qualified electors of the City a proposition
authorizing the City to issue bonds for the purpose of constructing and equipping
the city hall/public safety facility described in Section 2, at an election to
be held therein on the 3rd day of November, 1992. The Whatcom County Auditor as
ex off icio supervisor of elections is hereby requested also to find the existence
of such emergency and to assume jurisdiction of and to call and conduct said
election to be held within the City and to submit to the qualified electors of
the City the proposition hereinafter set forth.
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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:
CITY OF FERNDALE
PROPOSITION NO. 1
GENERAL OBLIGATION BONDS - $2,770,000
To construct and equip a city hall/public safety facility on City owned property
and to make other capital and necessary street improvements, shall the City of
Ferndale issue general obligation bonds in the principal amount of not to exceed
$2,770,000, payable out of annual property tax levies in excess of regular tax
levies and constitutional or statutory tax limitations, maturing within 25 years,
as provided in Ordinance No.979.
BONDS, YES. . . . . . . . . [ ]
BONDS, NO . . . . . . . . . [ l
The polls for such election shall be open from 7:00 a.m. to 8:00 p.m.
Certification of such proposition by the Clerk of the City Council 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 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 8th day of September, 1992.
CITY OF FERNDALE, WASHINGTON
MAYOR
ATTEST:
CITY CLERK
I, Roland D. Signett, hereby certify that this is a true and correct copy of
Ordinance #979 passed by the City Council of Ferndale on September 8, 1992.
Roland D. Signezf/ Clerk/Treasure