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HomeMy WebLinkAboutRes 1991-04RESOLUTION NO. 1991 -04 A RESOLUTION OF THE MAYOR AND COMMON COUNCIL OF THE TOWN OF FOUNTAIN HILLS, ARIZONA, ADOPT- ING A FORM OF BALLOT TO BE SUBMITTED TO THE QUALIFIED ELECTORS OF THE TOWN OF FOUNTAIN HILLS, ARIZONA, AT THE SPECIAL STREET AND HIGHWAY USER REVENUE BOND ELECTION TO BE HELD IN AND FOR THE TOWN OF FOUNTAIN HILLS, ARIZONA, ON MARCH 12, 1991, AND ORDERING THAT NOTICE OF THE ELECTION BE GIVEN TO THE QUALIFIED ELECTORS OF THE TOWN OF FOUNTAIN HILLS, ARIZONA Councilmember Fox moved that the Resolution be adopted as introduced and Councilmember Claris motion. Upon roll call, the following voted aye: John M. Cutillo, Mayor Wallace B. Hudson, Vice Mayor Frank Clark, Councilmember Charles E. Fox, Councilmember Mike Minarsich, Councilmember William J. O'Brien, Councilmember Margaret S. Tibbetts, Geunellmember and none voted nay. seconded the The Mayor declared the Resolution adopted as introduced. ... /�............ Clerk, Town of Fountain Hills, Arizona 3 RESOLUTION NO. 1991 -04 A RESOLUTION OF THE MAYOR AND COMMON COUNCIL OF THE TOWN OF FOUNTAIN HILLS, ARIZONA, ADOPT- ING A FORM OF BALLOT TO BE SUBMITTED TO THE QUALIFIED ELECTORS OF THE TOWN OF FOUNTAIN HILLS, ARIZONA, AT THE SPECIAL STREET AND HIGHWAY USER REVENUE BOND ELECTION TO BE HELD IN AND FOR THE TOWN OF FOUNTAIN HILLS, ARIZONA, ON MARCH 12, 1991, AND ORDERING THAT NOTICE OF THE ELECTION BE GIVEN TO THE QUALIFIED ELECTORS OF THE TOWN OF FOUNTAIN HILLS, ARIZONA WHEREAS, the Mayor and Common Council of the Town of Fountain Hills, Arizona (hereinafter referred to as the "Town "), have adopted Resolution No. 1991 -03 ordering and calling a special street and highway user revenue bond election to be held in and for the Town on March 12, 1991; and WHEREAS, it is necessary to adopt a form of ballot to be submitted to the qualified electors of the Town at such election and to direct that notice be given of the election, NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COMMON COUNCIL OF THE TOWN OF FOUNTAIN HILLS, ARIZONA, THAT: Section 1. The ballot to be used in the special street and highway user revenue bond election to be held on March 12, 1991, shall be in substantially the following form: OFFICIAL BALLOT PURPOSE: STREET AND HIGHWAY IMPROVEMENTS AMOUNT: $1,200,000 Shall the Mayor and Common Council of the Town of Fountain Hills, Arizona, be authorized to incur indebtedness by the issuance and sale of street and highway user revenue bonds in the maximum aggregate principal amount of $1,200,000 to provide funds for the purpose of improvement, construction, reconstruction and mainten- ance of, and acquisition of rights -of -way for, Town streets and highways and to pay all legal, financial, engineering and other necessary costs and expenses in connection therewith and with the issuance and sale of such bonds, such bonds to bear interest at a rate or rates of not to exceed twelve percent (12 %) per annum, provided that each bond may be evidenced by one instrument or a succession.-of instruments and the interest may be payable or com- pounded semiannually or more or less frequently than semiannually and at a variable rate or rates, none of which shall exceed twelve percent (12 %) per annum; to mature over a period of not to exceed twenty (20) years from the date of their issuance; to be in the denomination of $1,000 each or multiples thereof at maturity and to be payable solely from revenues to be derived from taxes, fees, charges and other moneys collected by the State of Arizona and returned to the Town of Fountain Hills, Arizona, for street and highway purposes pursuant to law? FOR THE BONDS L_/ AGAINST THE BONDS L_/ NOTICE TO VOTERS: The voter shall indicate his vote by inserting the mark "X" in the square opposite the phrase which expresses his choice. Only quali- fied electors of the Town of Fountain Hills, Arizona, are eligible to vote at this election. Section 2. The notice of special street and highway user revenue bond election shall be given by the Clerk of the Town by causing a copy of Resolution No. 1991 -03 to be published in full for one insertion in The Times of Fountain Hills, a newspaper published in Maricopa County, Arizona, and of general circulation in the Town, such publication to be made within a period of not less than fifteen (15) , nor more than thirty (30), days prior to the date of the election. Section 3. The Clerk of the Town shall cause to be printed and delivered to the election boards, to be by them fur- nished to the qualified electors offering to vote at the special street and highway user revenue bond election, ballots as set forth above. ``"� 2 Section 4. The special street and highway user revenue bond election shall be conducted and the poll lists kept, and the votes cast thereat shall be counted and tabulated and the returns thereof shall be made, in the manner provided by law and only persons shall vote at the special street and highway user revenue bond election who are qualified electors of the Town. Section 5. In order to comply with the Voting Rights Act of 1965, as amended, the following proceedings pertaining to this election shall be translated into Spanish and posted, published and recorded in each instance where posting, publication and recording of such proceedings are required, to -wit: Resolution No. 1991 -03 ordering and calling special street and highway user revenue bond election, official ballot, all absentee voting materials and all instructions at the polls. Section 6. The Mayor and Common Council of the Town shall meet within seven ( 7 ) days from the twelfth (12 ) day after the date of the street and highway user revenue bond election to canvass the returns of such election. The Mayor and Common Council shall be governed by the vote of the majority of the qualified electors of the Town voting at the special street and highway user revenue bond election on the question submitted. 3 PASSED, ADOPTED AND APPROVED by the Mayor and Common Council of the Town of Fountain Hills, Arizona, on January 17, 0L•Y3m Mayo own of Fountain Hills, Arizon ATTEST: Clerk, Town of Fountain Hills, Arizona APPROVED AS TO FORM: t `ti O'Connor, Cavanagh;` Killingsworth &,,t Bond Counsel 15000CYB.V01 /011491 Anderson, Westover, eshears, P.A., 4