HomeMy WebLinkAboutOrd 1027-1988ORDINANCE NO. 1027-88
AN ORDINANCE ORDERING THE SUBMISSION OF A PROPOSITION OF
INCURRING BONDED DEBT FOR THE PURPOSE OF THE ACQUISITION,
CONSTRUCTION AND COMPLETION OF ORANGE MEMORIAL PARK
IMPROVEMENTS TO THE QUALIFIED VOTERS OF THE
CITY OF SOUTH SAN FRANCISCO AT AN ELECTION
TO BE HELD FOR THAT PURPOSE
WHEREAS, the City Council of the City of South San Francisco has adopted by a
two-thirds vote of all the members of the Council Resolution No. 131-87 entitled "A
Resolution Determining That the Public Interest and Necessity Demand the Acquisition,
Construction and Completion of Orange Memorial Park Improvements and Their Financing
by Means of the Issuance of General Obligation Bonds of the City of South San
Francisco";
WHEREAS, in order to provide for the issuance by the City of its general obligation
bonds to finance the improvements described in the Resolution, it is necessary for the
Council to pass an ordinance ordering the submission of the proposition of incurring
bonded indebtedness for such purpose to the qualified voters of the City at an election
held for that purpose; and ·
WHEREAS, this Council desires to submit such a ballot measure to the qualified
voters of the City at a special municipal election to be held in the City on April 12, 1988.
THE CITY COUNCIL OF THE CITY OF SOUTH SAN FRANCISCO ORDAINS AS
FOLLOWS:
Section 1. That a special municipal election is hereby called and ordered to be
held in the City on April 12, 1988 at which election there shall be submitted to the qualified
voters of the City the proposition of issuing general obligation bonds pursuant to Section
43600 et seq. of the Government Code of the State of California (the "Act"), for the
purpose of providing funds for the objects and purposes stated in the proposition set forth
below.
Section 2. That the proposition shall appear upon the ballot for the special
municipal election in the following form:
PROPOSITION: Shall the City of South San Francisco be authorized
to issue General Obligation Bonds in the amount of five million dollars
principal ($5,000,000) to finance the acquisition of approximately 11.5 acres
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for the expansion of Orange Memorial Park, together with improvements to
be constructed thereon.
Section 3. The indebtedness to be incurred by the City shall be for the object and
purpose of the acquisition of land for the expansion of Orange Memorial Park and the
construction and/or completion of improvements thereon (collectively, the
"Improvements"). The indebtedness may include the cost of legal and other fees and the
cost of printing bonds and other costs and expenses, incidental to or connected with the
issuance and sale of the general obligation bonds to be issued to finance the
improvements (collectively, the "Bond Issuance Fees and Expenses").
Section 4. The estimated costs of the acquisition, construction and completion of
the Improvements, including any Bond Issuance Fees and Expenses attributable thereto,
is not to exceed $5,000,000.
Section 5. The principal amount of general obligation bonds to be issued for the
financing of the Improvements is not to exceed $5,000,000.
Section 6. The rate of interest to be paid on the bonds for the Improvements shall
not exceed twelve percent (12%) per annum (unless the maximum interest rate for general
obligation bonds of cities shall hereafter be increased by the Legislature of the State of
California, in which event the maximum fixed by the Legislature shall apply).
Section 7. This City Council does hereby submit to the qualified voters of the City,
at the special municipal election, this Ordinance and the proposition set forth in Section 2
hereof. The City proposes to acquire, construct and complete the Improvements and to
issue and sell general obligation bonds of the City pursuant to the Act in one or more
series in the maximum amounts and for the objects and purposes set forth above if two-
thirds of all the qualified voters voting on the proposition set forth above vote in favor
thereof. The bonds are to be general obligations of the City payable from and secured by
taxes levied and collected in the manner prescribed by the laws of the State of California.
All of the bonds are to be equally and ratably secured, without priority, by the taxing power
of the City.
Section 8. The polls for the election shall be opened at seven o'clock a.m. of the
day of the election and shall remain open continuously from said time until eight o'clock
p.m. of the same day, when the polls shall be closed, except as provided in Section 14301
of the Election Code of the State of California.
Section 9. The measure submitted by this Ordinance shall be designated on the
ballot by a letter printed on the left margin of the square containing the description of the
measure, as provided in Section 10219 of the Elections Code of the State of California.
Section 10. All persons qualified to vote at municipal elections in the City upon the
date of the election herein provided for shall be qualified to vote upon the proposition
submitted at the special election.
Section 11. Ballots for the election shall be provided in the form and in the number
provided by law. On the ballots, in addition to any other printed matter which may be
required by law, two voting squares shall be set off to the right of the proposition submitted
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at the election, in the manner provided by law, one having the word "YES" printed before
it, and the other having the word "NO" printed before it.
Section 12. Each voter to vote for the proposition shall stamp or write a cross, or
indicate by hole punch or other means, in the blank space opposite the word "Yes" on the
ballot to the right of the proposition; and each voter to vote against the proposition shall
stamp or write a cross, or indicate by hole punch or other means, in the blank space
opposite the word "No" on the ballot to the right of the proposition.
Section 13. This Ordinance shall be published once a day for at least seven days
in a newspaper published,at least six days a week in the City, or once a week for two
weeks in a newspaper published less than six days a week in the City. The City Clerk is
hereby authorized and directed to make the publications and to transmit, for receipt no
later than January 15, 1988, a certified copy of this Ordinance to the appropriate officials
of the County of San Mateo responsible for preparing the ballots for the election.
Section 14. This ordinance is adopted pursuant to Government Code 36937 of the
State of California and being an ordinance calling and ordering an election, shall take
effect immediately upon its adoption.
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Introduced at a regular meeting of the City Council of the City of South San
Francisco, held the 18th day of December, 1987.
Adopted as an Ordinance of the City of South San Francisco at a regular meeting
of the City Council of the City of South San Francisco, held on the 13th day of January,
1988.
AYES:
NOES:
ABSENT:
ABSTAIN:
Councilmembers Mark N. Addiego, Richard A.
Roberta Cerri Teglia, and Jack Drago
None
None
None
Haffey, Gus Nicolopulos,
City Clerk
As Mayor of the City of South San Francisco, I do hereby approve the foregoing
Ordinance this 13thday of January., 19.__.~88
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