HomeMy WebLinkAboutRes1983-048
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CITY OF SEWARD, ALASKA
RESOLUTION NO. 83-48
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Seward Recording District
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A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
SEWARD, ALASKA, PROVIDING FOR AN ELECTION UPON
A PROPOSED AMENDMENT TO THE CITY CHARTER ALLOWING
FOR THE ISSUING OF INDUSTRIAL DEVELOPMENT BONDS
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WHEREAS, the City Council wishes to encourage the planned
growth and economic development of the City of Seward; and
WHEREAS, the Council believes that having the option of
issuing industrial development bonds for which neither the City nor its
taxpayers are financially liable enhances the City's flexibility in
providing for the growth and development of the City of Seward; and
WHEREAS, industrial development bonds may be issued only after
the City Charter has been amended to allow the issuance; and
WHEREAS, Sections 14,2 and 14,3 of the City Charter allow
amendment of the Charter if such an amendment is approved by a majority
of the voters voting in an election considering the amendment;
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NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF SEWARD, ALASKA, that:
Section 1, For the reasons set forth in the preamble to this
resolution, it is in the best interest of the City of Seward to amend
the City Charter to allow the issuing of industrial development bonds.
Section 2. Pursuant to Sections 14,2 and 14,3 of the City
Charter, the following proposition will be submitted to the voters at
the special election to be conducted October 4, 1983, in conjunction
with the regular municipal election scheduled for that same date, An
affirmative vote of a majority of those qualified electors voting is
required for approval.
PROPOSITION NO,
Shall the Charter of the City of Seward be amended by adding
the following chapter which allows City borrowing by the issuance of
industrial development bonds?
Chapter 15. Industrial Development Bonds
Sec, 15,1 Industrial Development Bonds
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Chapter 11 of the Charter shall not apply to
any borrowing evidenced by obligations which are
industrial development bonds as defined in the
Internal Revenue Code, or to any property or inter-
est therein constructed, purchased, leased or
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Seward Recording Dlstnct
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CITY OF SEWARD, ALASKA
RESOLUTION NO. 83-48
otherwise acquired with the proceeds of the borrow-
ing, or to the sale, lease, sublease or other
disposition of the property or interest therein, or
to contracts with respect to the borrowing or the
property or interest therein, provided that the
borrowing is not repayable from taxes levied by the
City and is not a charge against the general credit
or taxing power of the City, The Council shall
establish by ordinance the procedures for such
borrowing and other matters,
Section 3, The foregoing proposition shall be printed on a
ballot which may set forth other propositions, and the proposition set
forth in Section 2 shall be printed in full and the following words
shall be added as appropriate and next a square provided for marking the
ballot:
PROPOSITION NO.
Yes
No
Section 4, A person may vote at this election who possesses
the qualifications set forth in AS 15,05.010 and who has registered to
vote pursuant to Chapter 7 of Title 15 of the Alaska Statutes (AS
15,07,010, et. seq,), The election shall be conducted in compliance
with the procedures established in Chapter 8 of the Seward City Code,
Section 5, Publication of this resolution shall be made by
posting a copy hereof on the City Hall bulletin board for a period of
four weeks prior to the date of the election. In addition, copies of
the amendment shall be made available at the City Clerk's office for at
least thirty (30) days preceding the date of the election.
PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF SEWARD,
ALASKA, this 25 day of July , 1983.
SEWARD, ALASKA
AYES:
NOES:
ABSENT:
ABSTAIN:
Burgess, Cripps, Gillespie, Meehan and Swartz
None
O'Brien and Wilson
None
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CITY OF SEWARD, ALASKA
RESOLUTION NO, 83-48
ATTEST:
(City
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Sewa.rd Recording District
APPROVED AS TO FORM:
HUGHES, THORSNESS, GANTZ, POWELL
& BRUNDIN, Attorneys for the
City of Seward, Alaska
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Fred B. Arvidson, City Attorney