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Home My WebLink About10-90 Resolution RESOLUTION NO. 10 -90 A RESOLUTION DETERMINING TO PROCEED WITH THE SUBMISSION TO THE ELECTORS OF THE QUESTION OF ISSUING BONDS FOR THE PURPOSE OF PAYING COSTS OF ACQUIRING REAL ESTATE AND INTERESTS THEREIN FOR PARKS AND RECREATIONAL PURPOSES, AND DECLARING AN EMERGENCY. WHEREAS, on January 29, 1990, this Council adopted Resolution No. 4-90 determining to submit to the electors of this City the question of the issuance of bonds in the principal amount of $4,500,000 (the Bonds) for the purpose of paying costs of acquiring real estate and interests therein for parks and recreational purposes, and to levy a tax to pay debt charges, a copy of which resolution was certified to the County Auditor; and WHEREAS, the County Auditor of Franklin County has certified to this Council that the estimated average annual property tax levy throughout the maturity of the Bonds that would be required to pay the principal of and interest on (debt charges) the Bonds, calculated in the manner provided in Section 133.18(C) of the Revised Code, is .76 mills for each $1.00 of tax valuation, which amounts to 7.6 centsfor each $100 of tax valuation; NOW, THEREFORE, BE IT RESOLVED by the Council of the City of Dublin, Franklin, Delaware and Union Counties, Ohio, that: Sect ion l. This Council determines to proceed with submitting the question of the issuance of the Bonds to the electors pursuant to Section 133.18 of the Revised Code, at an election to be held on May 8, 1990, of the question of issuing the Bonds in the amount of $4,500,000 for the purpose of paying costs of acquiring real estate and interests therein for parks and recreational purposes, and levying a tax to pay the debt charges on the Bonds and on any notes issued in anticipation of the Bonds. The average annual property tax levy required to pay principal of and interest on the Bonds has been estimated by the County Auditor to be .76 mills for each $1.00 of valuation, which amounts to 7.6 cent~or each $100 of valuation. I , Section 2. The Clerk of Council is directed to certify to the Bdard of Elections not later than February 22, 1990: (I) a copy of Resolution No. 4-90 declaring the necessity of the bond issue and providing for the principal of the Bonds to be paid over a maximum of twenty years, and which number of years is certified to the Board of Elections; (ii ) the certification by the County Auditor as to the estimated average annual property tax levy; and (Iii) a copy of this resolution. This Council requests that the Board of Elections . give notice of the election and prepare the necessary ballots and supplies for the election in accordance with law. Section 3. This Counc il finds and determines that all formal actions of this Council concerning and relating to the adoption of this resolution were taken in an open meeting of this Council and that all deliberations of the Counc il and of any of its committees that resulted in those formal actions were in meetings open to the public in compliance with the law. Section 4. This resolution is declared to be an emergency measure necessary for the immediate preservation of the public peace, health, safety and welfare of this City and for the further reason that this resolution is required to be immediately effective so that it can be timely filed with the Board of Elections in order to submit the bond issue to the electors on May 8, 1990; wherefore, this resolution shall be in full force and effect immediately upon its adoption. I, Frances M. Urban Clerk cf C)"n:'!. ~;r:::)'d-cert;fy that f! Signed: f .. f ixlioax '" '.' t 90 orego,"!] is n true copy 0 X!".e:~: . - ~ '-___________ " ~ duly adoplGd by Ihe Courd of the Wi of u.')':1, C:::o,. C:1 the 12tlJ. ' ./ / .....,''':.... J " .-.'" .// .' / day of February 1990 \;<-1"7" / l:...c:r/~ -r -z-r//. - ,---. Presiding Officer ~~,~~~ Attest: -I::efL--Mh ~. ~~ Clerk of (Dun II, Du lin, Ohio Fe bruary !.tL":" 1990 lerk of Co ncd Passed: Effective: ..A February /2.., 1990 . . . \ ~ , April 11, 1990 -~ Classifil - -11 A rt ~ ,~ ,.;~y, , ~J ' , Legal Notic:es . NOTICE OF ELECTION OF ISSUE OF BONDS FOR THE CITY Of DUBLIN ,-- NQtice is given that in pursuance of , Resolutions No. 5-90 and No. 11-90 'OF~~'-''''' f the Council of the City of Dublin, opted on January "29, 1990, and CITY OF DUBLIN F uary 12th, 1990, respectively, NOTICE OF ELECTION there will be submitted to a vote of Notice is given that in pursuance of the electors of the City at the elee- Of ISSUE OF BONDS FOR_THE tion to be held therein on May 8, Resolutions No. 4-90 and No.1 0-90 CITY OF DUBLIN 1990. at the regular places of voting of the Council of the City of Dublin. therein, the~stion of issuing adOpted on January 29, 1990, and Notice is given that in pursuance of bonds of the CI in the amount of February 12, 1990, respectively. Resolutions No. 3-90 and No. 09-90 Seven Million Dollars ($7,000,000) there will be submitted to a vote of of the Council of the City of Dublin, for the purpose of paying costs of the electors of the City at the illec- adopted on January 29, 1990, and providing additional facilities at the tion to be held therein on May 8, February 12. 1990, respectively, Coffman Park Municipal Complex 1990., at the regular places of voting there will be submitted to a vote of for the conduct of municipal govern- ' ther~n, the question of issuing the, electors of the City at the elec, ment operations by constructing, . bonds of the City in the amount of tion to be held therein on May 8. furnishing and equipping a new po- Four Million Five Hundred Thou- 1990, at the regular places of voting lice facility. and acquiring real estate sand Dollars ($4,500,000) for the therein. the question of issuing and interests in real estate and mak- purpose of paying costs of acquir- bonds of the City in the amount of ing site improvemenls thereon. ing real estate and interests therein Thirty-Four Million Dollars for parks and recreational ($34,000.000) for the purpose of The maximum number of years over purposes. i paying. costs of improving the vehic- which the principal of the Bonds I ular transportation system in the' may be paid is twenty years. The maximum number of years o,ver City . by constructing. reconstruct- which the principjll of the Bonds ing, extending, opening, improving. Tt:Ie estimated additional average may be, paid is twenty years. widening, grading, draining. curbing annual property tax levy outside of and changing the lines of municipal the limitation imposed by Section 2 The estimated additional average roads, highways, streets. bridges, of Article XII of the' Ohio Constitution al1nual property tax levy outside of sidewalks. bikeways and viaducts. as estimated and certified by the the limitation imposed by Section 2 acquipng real estate and interests in County Auditor is 1.17 mills for each of Article XII of the Ohio Constitution real estate therefor. and providing one dollar of valuation, which as estimated and certified by the lighting systems and all other nec- amounts to 11.7 for each one hun- County Auditor is .76 mills for each essaryappurtenances. dred dollars of valuation. one dollar of valuation. which amounts to 7.6 cents for each one The maximum number of y~ars over The polls for thiS election will be ! hundred dollars of valuation. which the principal of the Bonds open at 6:30 a,m., and will remain may be paid is nineteen years. open until 7:30 p.m. of that day. The polls for this election wiN be open at 6:30 a.m., and will remain I The estimated additional average By order of the Board of Elections open until 7:30 p.m. of that day. annual property tax levy outside of of Franklin County, Ohio : the limitation imposed by Section 2 By order of the Board of Elections of Article XII of the Ohio Constitution Frederick Romire as estimated and certified by the Director of Elections of Fl'8ftklln. County, Ohio County Auditor is 5,86 mills for each one dollar of valuation. which Dated: Mlrch 30, 1990 Frecterlck Romlre amounts to 58.6 cents for each one Director of Elections hundred dollars of valuation. APRIL 11, 1990 The polls for this election will be Deled: March 30, 1990 open at 6::30 a.m.. and will. remain open until 7:30 p,m. of that day. I APRIL 11, 1990 By .., of the Board of Elections of Franklin County, Ohio I ", Frederick Romire r DirectOr of Elections Dated: March 30, 1990 ~.u.1" . . . (BALLOT) A MAJORITY AFFIRMATIVE VOTE IS NECESSARY FOR PASSAGE Shall bonds be issued by the City of Dublin for the purpose of for . the purpose of paying costs of acquiring real estate and interests therein for parks and recreational purposes in the principal amount of $4,500,000, to be repaid annually over a maximum period of twenty years, and an annual levy of property taxes be made outside the ten-mill limitation, estimated by the County Auditor to average over the repayment period of the Bond issue .76 mill s for each one dollar of tax valuation, which amounts to 7.6 cents for each $100 of tax valuation, to pay the annual debt charges on the Bonds, and to pay debt charges on any notes issued in anticipation of those Bonds. : : FOR THE BOND ISSUE : : : : : : : : AGAINST THE BOND ISSUE : : : : : : ------------------------------------------------------------------------------ PRINTING INSTRUCTIONS: Section l33.l8(F) of the Revised Code and the ballot form approved by the Secretary of State require that the purpose of the issue as contained in the ballot must be printed in bold face type. -.-- . . (VOTING MACHINE LABEL) QUESTION FOR AGAINST . BOND ISSUE -- Majority Required for Passage BENEFIT -- City of Dublin PURPOSE -- for the purpose of paying costs of acquiring real estate and interests therein for parks and recreational purposes RATE -- .76 Mills YEARS TO RUN AMOUNT -- $4,500,000 TO PAY BONDS: Twenty -~- . . RECEIPT OF DIRECTOR OF ELECTIONS I acknowledge receipt on February ?{:>~ 1990, of the following documents from the City of Dublin, Ohio: 1. A certified copy of Resolution No. 4-90 adopted by the Council on January 29, 1990 determining the necessity of issuing bonds in the amount of $4,500,000 (the Bonds) and submitting the question of issuing the Bonds to the electors. 2. A certificate of the County Auditor of Franklin County, Ohio, dated February 7tlt 1990, as to the estimated average annual property tax levy required to pay the principal of and interest on the Bonds. 3. A certified copy of Resolution No. 10 -90 adopted by the Council on February 12tlt 1990 determining to proceed with submitting the question of the issuance of the Bonds and the election. 4. Suggested forms of notice of election and ballots for the election. Dated: FebruarY~1990 . ,") c..::J -" r-'I J ['..,) ,:::J ! "_ :-.11 -'- c.:> ,_, co . . - NOTICE OF ELECTION OF ISSUE OF BONDS FOR THE CITY OF Dublin Notice is given that in pursuance of Resolutions No. 4-90 and No. ~-90 of the Council of the City of Dublin, adopted on January 29, 1990, and February 12, 1990, respectively, there will be submitted to a vote of the . electors of the City at the election to be held therein on May 8, 1990, at the regular places of voting therein, the question of issuing bonds of the City in the amount of Four Million Five Hundred Thousand Dollars ($4,500,000) for the purpose of paying costs of acquiring real estate and interests therein for parks and recreational purposes. The maximum number of years over which the principal of the Bonds may be paid is twenty years. The estimated additional average annual property tax levy outside of the limitation imposed by Section 2 of Article XII of the Ohio Constitution as estimated and certified by'the County Auditor is .76 mills for each one dollar of valuation, which amounts to 7,.6 cents for each one hundred dollars of valuation. The polls for this election will be open at 6:30 a.m., and will remain open until 7:30 p.m. of that day. By Elections N~ /of Dated: ~ , 1990 ------------------------------------------------------------------------------ INSTRUCTIONS FOR NEWSPAPER PUBLICATION: Publish in at least one newspaper of general circulation in the City of Dublin, Ohio, at least once on or before April 27, 1990. The newspaper must be of general circulation within the meaning of Section 7.12 of the Revised Code. ----