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RESOLUTION NO.10-"6l.f
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A RESOLUTION of the City of Port Angeles,
Washington, providing for the submission
to the qualified electors of the City at
the general election to be held therein
on September 18, 1984, of a proposition
as to whether or not the City should issue
its unlimited tax levy general obligation
bonds in the principal sum of $1.325 million
in order to provide funds to renovate and
remodel the Vern Burton Memorial Community
Center as a civic center.
WHEREAS, in order to provi de the peopl e of the City of Port
Ange 1 es with modern ci vi c and conventi on center facil it i es and to further
the public health and welfare of such people, it is deemed necessary and
advisable that the City renovate and remodel the Vern Burton Memorial Community
as a civic center, and to provide the money therefore that it issue and sell
its unlimited tax levy general obligation bonds in the principal sum of $1.325
million; and
WHEREAS, the Constitution and Laws of the State of Washington
provide that the question of whether such bonds may be issued for such purposes
must be submitted to the qualified electors of the City for their ratification
or rejection; NOW, THEREFORE,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PORT ANGELES,
WASHINGTON, as follows:
Sect ion 1. It is hereby found and dec 1 ared that the pub 1 i c
hea lth and welfare of the people of the City of Port Ange 1 es requ ire that
the City develop a ci vi c center on property now owned by the Ci ty at the
Vern Burton Memorial Community Center site.
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That for the purpose of providing the money necessary to
acquire such capital improvements the City shall issue and sell its unlimited
tax levy general obligation bonds in the principal sum of $1.325 million.
Such bonds shall mature with i n twenty years from the date
of issue. Both principal and interest shall be paid out of annual levies
of taxes to be made upon a 11 the taxable property with in the City with an
approx i mate excess 1 evy of $.30 per one thousand do 11 ars, based on current
assessed valuation and twenty-year bond maturity.
The exact
date, form, terms of maturity of said bonds shall be as hereafter
fixed by ordinance of the City.
Section 2.
It is hereby found and declared that
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the following ballot title is apropriate for the purposes of
placing the bond issue proposition on the ballot:
PROPOSITION
Civic Center Development, General Obligation
Bonds, $1.325 Million
Shall the City of Port Angeles, Washington,
for the purpose of providing funds to develop a
civic center within the City at the Vern Burton
Memorial Community Center site, issue its general
obligation bonds in the principal sum of $1.325
million, to mature within twenty years from date
of issue, and to be paid, both principal and in-
terest, out of annual tax levies to be made upon
all of the taxable property within the City with
an approximate excess levy of $.30 per one thou-
sand dollars, based on current assessed valuation
and twenty-year bond maturities?
BONDS, YES .....~I
BONDS, NO ......1 1
The Clallam County Auditor as ex officio supervisor
of elections is hereby requsted to place said proposition on
the September 18, 1984, election ballot and to submit to the
qualified electors of the City the proposition hereinabove set
forth.
PASSED by the City Council of the City of Port
Angeles, Washington, at a regular meeting of said Council held
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this Iq~day of ~ '
1984.
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ATTEST:
TO FORM:
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