HomeMy WebLinkAbout1990 - Meridian School District No. 505 General Obligation Bonds $3,975,000 PASSED Primary Election September 18, 1990WHATCOM COUNTY AUDITOR'S OFFICE
OFFICIAL CANVASS OF THE SPECIAL ELECTION HELD SEPTEMBER 18,
1990 IN MERIDIAN SCHOOL DISTRICT NO. 505, COUNTY, WASHINGTON FOR
THE PURPOSE OF SUBMITTING TO THE QUALIFIED ELECTORS OF THE
DISTRICT THE PROPOSITION TO ISSUE GENERAL OBLIGATION BONDS IN THE
AMOUNT OF $3,975,000.
OATH OF AUDITOR
STATE OF WASHINGTON )
ss.
COUNTY OF WHATCOM )
I do solemnly swear that the returns purporting to be the
election returns of the Meridian School District No. 505, Whatcom
County,,, Washington have not been altered by additions or
stiiv and that they are the same as when they were deposited
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Whatcom C my A41tc .
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`Ouvi$idbscribed and sworn to before me thi ' �8t t "ray mb
September, 1990.
County gi tive AuiUiority
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 precincts within the
boundaries of Meridian School District No. 505, Whatcom County,
Washington on the 18th day of September, 1990 and the results
were as follows:
MERIDIAN SCHOOL DISTRICT NO. 505
Proposltlon No.1
Meridian School District No. 505
General Obligation Bonds — $3,975,000
To acquire, construct and equip elementary school facilities, a
gymnasium building and a multi -purpose building at the high
school, acquire site(s) and to make other capital improvements,
shall Meridian School District #505 issue $3,975,000 of
general obligation bonds payable out of annual property tax
levies in excess of regular tax levies, maturing within 20 years,
as provided in Resolution #10-907
The canvass
Sip-.Emb`er, 1990.
Number Persons Voting Last
General Election 1,453
40% 581
60% 349
VOTES, BONDS YES
VOTES, BONDS NO
PASSED: 66.90
350
having been completed this 28th day of
WHATCOM COUNTY CANVASgr `'BIOARD%
County A itor W 1 y
ounty AegyslAtive Authority
'�_R C'_� 1'-Cl - - -
County Depu ')Pros_ec_-Tfting Attorney
4 Absentee Voter Guide Primary Election
Sepiemr-.161"1996 Whatcom County, Washington
MERIDIAN SCHOOL DISTRICT NO.505
Proposition No.1
Meridian School District No. 505
General Obligation Bonds — $3,975,000
To acquire, construct and equip elementary school facilities, a
gymnasium building and a multi -purpose building at the high
school, acquire site(s) and to make other capital improvements,
shall Meridian School District #505 issue $3,975,000 of
general obligation bonds payable out of annual property tax
levies in excess of regular tax levies, maturing within 20 years,
as provided in Resolution #10-907
BONDS, YES 65 4
BONDS, NO - 67 4
r
RESOLUTION NO. 10-90
STY
A RESOLUTION of the Board of Directors of Meridian
School District No. 505, Whatcom County, Washington,
providing for the form of the ballot proposition and
specifying certain other details concerning
submission to the qualified electors of the district
at a special election to be held therein on
September 18, 1990, of a proposition for the
issuance of its general obligation bonds in the
aggregate principal amount of $3,975,000, 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, construct, equip and
make certain capital improvements to the facilities
of the school district.
WHEREAS, additional school facilities and improvements to
existing school facilities are needed in Meridian School District
No. 505, Whatcom County, Washington (the "District"), in order to
provide the students of the District 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 general obligation bonds in the principal amount of
$3,975,000; 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 quali-
fied electors of the District for their ratification or rejection;
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF
MERIDIAN SCHOOL DISTRICT NO. 505, 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 make the
following capital improvements:
(1) acquire, construct and equip: (a) elementary school
facilities; (b) a gymnasium building at the high school and (c) a
multi -purpose building at the high school;
(2) acquire a site or sites; and
(3) make general improvements, including, but not limited to,
parking lots and handicapped access at the high school.
The cost of all necessary architectural, engineering and other
consulting services, inspection and testing, administrative and
relocation expenses, on- and off -site utilities 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 furni-
ture, equipment and appurtenances.
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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. If the District receives funds from the State and/or
developer fees in the future to offset the costs of such
improvements, such funds shall be deposited in the capital projects
fund and thereby reduce the need for future bond/capital levies or
may be applied to reduce debt service on outstanding bonds.
The District shall determine the application of available
moneys as between the various projects set forth above so as to
accomplish, as nearly as may be, all improvements described or
provided for in this section. The District shall determine the
exact extent and specifications for construction of structures or
other improvements. If the District shall determine that it has
become impracticable to accomplish any of such improvements or
portions thereof by reason of changed conditions or needs, incom-
patible development, costs substantially in excess of those
estimated, or acquisition by a superior governmental authority, the
District shall not be required to accomplish such improvements and
may apply bond proceeds as set forth in this section. If any or
all of the improvements have been completed, or their completion
duly provided for, or their completion found to be impractical, the
District may apply the bond proceeds or any portion thereof to
other portions of the improvements or to other capital purposes of
the District, or to payment of principal of or interest on the
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bonds, as the District in its discretion shall determine. 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
District 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, together with inci-
dental costs and costs related to the sale and issuance of the
bonds, the District shall issue and sell its unlimited tax general
obligation bonds in the principal amount of not to exceed
$3,975,000. 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 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
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times as deemed necessary and advisable by this Board and as
permitted by law, 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 authorized 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 18th day of September,
1990.
The Whatcom County Auditor as ex officio supervisor of elec-
tions is hereby requested also to find the existence of such
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emergency and to call and conduct said special election to be held
within the 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 official in the
following form:
PROPOSITION NO. 1
MERIDIAN SCHOOL DISTRICT NO. 505
GENERAL OBLIGATION BONDS - $3,975,000
To acquire, construct and equip elementary
facilities, a gymnasium building and a multi -purpose
building at the high school, acquire site(s) and to make
other capital improvements, shall Meridian School
District #505 issue $3,975,000 of general obligation
bonds payable out of annual property tax levies in excess
of regular tax levies, maturing within 20 years, as
provided in Resolution #10-90?
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 a certified copy of this resolution to the Whatcom
County Auditor.
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ADOPTED by the Board of Directors of Meridian School District
No. 505, Whatcom County, Washington, at a regular meeting thereof
held the 18th day of July, 1990.
MERIDIAN SCHOOL DISTRICT NO. 505
WHATCOM COUNTY, WASHINGTON
By
, Board of Directors
By (��1 • �G��
Board Member
By
Board Member
By
Board Member
By
ATTEST:
Secretary, 8oard of Directors
Board Member
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CERTIFICATE
I, the undersigned, Secretary of the Board of Directors of
Meridian School District No. 505, 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. 10-90 of the Board (herein called the "Resolu-
tion"), duly adopted at a regular meeting thereof held on the 18th
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 Board voted in the proper manner for the
adoption of said Resolution; that all other requirements and
proceedings incident to the proper adoption 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 __,q0 day
of July, 1990.
Secretary, ,Poard of Directors
OFFICE OF THE WHATCOM COUNTY AUDITOR
WHEREAS, the undersigned as the duly elected, qualified and
acting Auditor of Whatcom County, Washington, has jurisdiction of
and is required by law to conduct all special elections for school
districts within the County; and
WHEREAS, Meridian School District No. 505, Whatcom County,
Washington, lies entirely within the boundaries of Whatcom County;
and
WHEREAS, the Board of Directors of said district by resolution
adopted on July 18, 1990, a certified copy of which has been
delivered to the undersigned, has found that an emergency exists
requiring the holding of a special election September 18, 1990; and
WHEREAS, said district by said resolution has authorized and
directed the undersigned to assume jurisdiction of and conduct said
special election within Whatcom County;
NOW, THEREFORE, it is hereby authorized and ordered as
follows:
The undersigned concurs in the finding of an emergency and
does hereby assume jurisdiction within Whatcom County of the above -
mentioned special election of Meridian School District No. 505,
Whatcom County, Washington, authorized and ordered by resolution
of its Board of Directors adopted on July 18, 1990, and will
conduct said special election to be held September 18, 1990.
DATED at Bellingham, Washington, this,3/•.--/-day of
1990.
Whatcom ounty Audit f
4