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HomeMy WebLinkAboutRes 1991-12RESOLUTION NO. 1991 -12 A RESOLUTION OF THE COMMON COUNCIL OF THE TOWN OF FOUNTAIN HILLS, ARIZONA, DECLARING THE RE- SULTS OF AND ADOPTING A CERTIFICATE OF RESULTS OF THE SPECIAL STREET AND HIGHWAY USER REVENUE BOND ELECTION HELD ON MARCH 12, 1991, AND ORDERING THE RECORDING OF SUCH CERTIFICATE BE IT RESOLVED BY THE COMMON COUNCIL OF THE TOWN OF FOUNTAIN HILLS, ARIZONA: That after careful examination of the official returns of the special street and highway user revenue bond election held in and for the Town of Fountain Hills, Arizona (the "Town ") , on March 12, 1991, it is found and determined by the Mayor and Common Council of the Town as follows: (A) That a majority of the votes cast by the qualified electors of the Town voting at the special street and highway user revenue bond election held on (4w� March 12, 1991, voted "For The Bonds," as shown on the attached "Certificate of Results of Election "; (B) That up to and including $1,200,000 aggregate principal amount of "Town of Fountain Hills, Arizona, Street and Highway User Revenue Bonds" are therefore authorized to be issued and sold; (C) That the Mayor and members of the Common Coun- cil of the Town shall execute the attached "Certificate of Results of Election "; and (D) That the Town Clerk of the Town is hereby directed to record the attached "Certificate of Results of Election" in the Office of the County Recorder of Maricopa County, Arizona, and to return said copy with the recording data shown thereon to the official records of this body. PASSED, ADOPTED AND APPROVED by the Common Council of the Town of Fountain Hills, Arizona, on March 28, 1991. ATTEST: Clerk, Town of Fountain Hills, Arizona APPROVED AS 6 .. O'Connor, avan „gh, Anderson, Westover, Kill�ngsworth & Beshears, P.A., Bond Counsel !.- lid^ [2 ..... .. ... Vice Mayor, Town of Fountain Hills, Arizona 2 CERTIFICATE OF RESULTS OF THE SPECIAL STREET (Wao� AND HIGHWAY USER REVENUE BOND ELECTION HELD IN AND FOR THE TOWN OF FOUNTAIN HILLS, ARIZONA ON MARCH 12, 1991 The Mayor and Common Council of the Town of Fountain Hills, Arizona (the "Town "), pursuant to the provisions of Title 48, Chapter 4, Article 5, Arizona Revised Statutes, as amended, do hereby certify as follows: 1. That pursuant to a Resolution passed and adopted by the Mayor and Common Council of the Town on January 17, 1991 (the "Resolution "), a special street and highway user revenue bond election was duly called and regularly held in and for the Town on March 12, 1991, for the purpose of approving the issuance and sale of "Town of Fountain Hills, Arizona, Street and Highway User Reve- nue Bonds," in the total aggregate principal amount of up to and including $1,200,000, to provide funds for the purpose of improve- ment, construction, reconstruction, acquisition of rights -of -way or maintenance of Town streets and highways and to pay all neces- sary legal, financial, engineering and other necessary costs and expenses in connection therewith and with the issuance and sale of such bonds; 2. That the poll and tally lists and the official returns of the election boards that conducted the special street and highway user revenue bond election were filed with the Mayor and Common Council of the Town on March 28, 1991, and the Common Council of the Town met and canvassed the returns of the special street and highway user revenue bond election as prescribed by law; 3. That the object of the special street and highway user revenue bond election was to obtain authority from the qual- ified electors of the Town to issue and sell the bonds hereinabove described; 4. That after careful and complete canvass of the official election returns, in answer to the question submitted to the qualified electors of the Town at the special street and high- way user revenue bond election, the majority of the votes cast were cast in favor of the creation of the indebtedness described in the question submitted at the street and highway user revenue bond election for the issuance and sale of not to exceed $1,200,000 principal amount of street and highway user revenue bonds of the Town as determined by the election boards at the polling places in the Town, the street and highway user revenue bond election had been conducted and the returns thereof made as required by law and the result of the special street and highway user revenue bond election is set forth in the following tabulation of the official election returns, to -wit: For Against Polling Place The Bonds The Bonds Total Fountain Hills Community Center 256 69 325 11445 North Saguaro Boulevard Fountain Hills, Arizona Shepherd of the Hills Lutheran 201 81 282 Church Corner of El Lago & Fountain Hills Boulevard Fountain Hills, Arizona Fountain Hills School District 171 61 232 Administration Building 14605 North Del Cambre Avenue Fountain Hills, Arizona McDowell Mountain Elementary 227 57 284 School 14825 North Fayette Drive Fountain Hills, Arizona TOTALS 855 268 5. That each and every person who voted at the special street and highway user revenue bond election held at the time and place and in the manner aforesaid was a qualified elector of the Town and that proof of the due and regular publication of the Reso- lution has been made and filed with the Mayor and Common Council of the Town and placed upon the minutes of the Common Council of the Town; and 6. That the majority of the votes cast at the special street and highway user revenue bond election in answer to the question submitted was in favor of the indebtedness, as described in the question submitted at the special street and highway user revenue bond election, by the issuance and sale of up to and in- cluding $1,200,000 aggregate principal amount of "Town of Fountain Hills, Arizona, Street and Highway User Revenue Bonds," and that the Mayor and Common Council of the Town do hereby order the issuance and sale of all the bonds of this issue. K IN WITNESS WHEREOF, the Mayor and members of this Common Council have hereunto placed their hands and caused the same to be attested by the Town Clerk and the seal of the Town of Fountain Hills, Arizona to be affixed hereto on March 28, 1991. John Cutillo, Mayor Frank Clark, Vice Mayor .: :... .... ........ arles E. Fox, Cou cilmember .................... Wallace B. Hudson, Councilmember M1 h,•Coun2cilmember William J. O'Br' n, Councilmember -A ... f 44 Margare..S. Tibbetts, Councilmember (SEAL) ATTEST: Cassie Hansen, Town Clerk THIS DOCUMENT MUST BE RECORDED IN THE OFFICE OF THE COUNTY RECORDER OF MARICOPA COUNTY, ARIZONA. 25625008.MIS/032791 3