27-81 Resolution
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i RFSOWTION NO. ~7-'i/
A RESOWI'ICN DECr.ARING OOUNCIL' S INI'ENI' WITH RESPECI'
'ro THE RELATICNSHIP OF PROPOSED BCND ISSUES FOR CAPITAL
IMPROVEMENl'S AND THE PROPOSED INcn.1E TAX INCREASE ALL
'ro APPEAR CN THE NOVEMBER GENERAL ELECl'ICN BALLOT.
C Vllereas, Council presently has pending a certain proposed inccme tax
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increase of a ~% for general capital inprovarents to be subni. tted to the
voters at the November election, and
Whereas, Council proposes to use said ~% increase for the puq:oses of
road and street improvements and for construction of a a:mbined cx:mnunity
center-swimning tx><>1 oc::up1ex, and
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I Whereas, even though Council intends to fund the above inprovements
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through the passage and enactment of the ~% incane tax increase, it will
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be initially necessaI:y to issue and sell bonds for the construction and
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!I financing of said inprovanents, and
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, Whereas, Council wishes 1be issuance of said bonds to be decided by the
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II electors of the Village and to thus constitute "voted" bonds, and
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,..., I Whereas, "voted" bonds must be supported by a pledge of property tax
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1 millage above and beyond the oonsti tutional limitation of 10 mils, and
Whereas, Council wishes to make it perfectly clear to the electors of
the Village that the intent of council as to the proposed incure tax increaf
of ~% and the anticipated revenues fran said increase in incane tax will be i
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nore than sufficient to finance the aforesaid described capital inprovemen~
without the need to resort to the property tax increases specified in I
~ the band issues to be sutmitted to the electors, I
Na-l THEREFORE BE IT RESOLVED by the Council of the Village of Dublin, I
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manbers ooncurring, that: i
Upcm passage be Council of the proposed ina:Jne tax in+
Section 1.
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of ~% to be sul:mitted to the electors of the village and upon passage by
r, council of the proposed bond issues to be sutmi tted to the Eitectorate for
\"i , capital improvements (Le. street and road inprovement and canbined
carmunity center-swimning tx><>1 c:x:>nplex) , it is hereby declared to be this
Council's intent to be pranulgated to the electorate that the incx:me tax
increase of ~% is the source cont.emp1ated for funding and paying the bond
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, RECORD OF RESOLUTIONS 281
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National Graphics Corp,. Cols,. 0, ~ Form No. 6233-A 1
Resolution No, _n2L:'"_8J___mm_mu__mu P assedun_nn umnn_mm__. _nnununu__n_u19 m__n_
Page Two
(] issues which may be necessary to finance the road and street improvements and
the combined community center-swimming pool complex. Projects included in the
road and street improvements referred to above include the following:
Frantz-33-Post Road intersection improvements
Glick Road improvements
Improve Frantz Road from 33-161 to Tuttle Road
Extension of Muirfield Drive South
Bikeways
Projects to be included in the combined community center-swimming pool complex
referred to above are as follows:
Said Community Center - swimming pool complex
Further development of Scioto Park
Development of 53 acre addition to Avery Park
Acquisition of river-bank lands
Section 2. It is further this Council's intent that the additional mill-
ge which must be voted upon by the electorate to support the "voted" bond
[j ssues for street and road improvements and the combined community center-
swimming pool complex is contemplated by this Council as only a secondary
source to support the bond issues and will in no event be utilized unless the
extreme unlikelihood would occur that the income tax increase of ~% would ever
fall short of supporting said capital improvements.
Section 3. It is Council's intent to thoroughly study the revenue antici-
ated to be derived from the proposed income tax and the anticipated cost of
the bond issues and improvements to be made as a result thereof to make certain
that the income tax revenues increase will support the bond issues without re-
sort to property tax increases.
Section 4. This resolution shall take effect and be in force from and
after the earliest period permitted by law.
{] Passed this ~~ day of ~ lu Iy , 1981.
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ayor -
ATTEST:
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INTER-DEPARTMENTAL VILLAGE Of DUBLIN
TO: Councilmembers DATE: 6 /..81
FROM: Shp.~m~n Shp.lnnn, VillA~p. MAn~~p.~
DUaJECT: Proposed amendment to Resolution No. ?7-Rl
To more clearly define the projects referred to, and involved in this
Resolution, the following amendment is proposed by Mr. Chambers:
To amend Section 1 by adding the following:
"Projects included in the road and street improvements
referred to above include the following:
Frantz-33-Post Road intersection improvements
Glick Road improvements
Improve Frantz Road from 33-161 to Tuttle Road
Extension of MuirfieldDrive South
Bikeways
and:
"Projects to be included in the combined community center -
swimming pool complex referred to above are as follows:
C Said Community Center - swimminq pool complex
. Further 'development of Scioto Park
Development of 53 acre addition to Avery Park'
Acquisition of river-bank lands
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issues which may be necessary to finance the road and street i.nproverrents I
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and the cx:mbined ccmnunity center-swimning pool cx:xrp1ex. I
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I Section 2. It is further this Council's intent that the additional I
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millage which must be voted upon by the electorate to support the "voted" I
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bend issues for street and road :i.nprovanents and the arnt>ined a:mnunit:y ~
center-swimning pool cx:xrp1ex is contanp1ated by this Council as only a se -
ary soorce to support the band issues and "-ill in no event be utilized UI1lest
the extreme unlikelihood would occur that the inc:x:ne tax increase of ~% wou1
ever fall short of supporting said capital i.nproverrents. I
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Section 3. It is Council's intent to thorou:;h1y study the revenue
anticipated to be derived fran the proposed inc::are tax and the anticipated
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cost of the bond issues and i.nproverrents to be made as a result thereof to i
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make certain that the inc::are tax revenues increase will support the l:x:>nd I
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issues without resort to property tax increases. I
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Section 4. I
II This resolution shall take effect and be in force fran I
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II and after the earliest period penni. tted by law. I
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Passed this day of , 1981. I
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Mayor
ATI'EST:
~ ~?P h>'UJ ./
....~~>n
C Clerk of Co i1
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