A RESOLUTION OF THE CITY OF ASHLAND, JACKSON COUNTY, OREGON, CALLING A SPECIAL ELECTION TO SUBMIT TO THE VOTERS A FUNDING INITIATIVE FOR CONTRACTING GENERAL OBLIGATION BONDED INDEBTEDNESS FOR PROCUREMENT OF A FIRE DEPARTMENT AERIAL LADDER TRUCK, IN THE AMOUNT OF $900,000.
A. The City Council of the City of Ashland, Jackson County, Oregon (the "City") has determined that there is a need to finance the cost of procurement of a fire department aerial ladder truck.
B. Costs are estimated to be $900,000 for fire department aerial ladder procurement, including costs of issuing bonds; now, therefore,
THE CITY OF ASHLAND RESOLVES AS FOLLOWS:
SECTION 1. A special election is called for the purpose of submitting to the qualified voters of the City the question of contracting general obligation bonded indebtedness in the name of the City to be used to acquire a Fire Department Aerial Ladder Truck in an amount not to exceed $900,000. The bonds on the issuance would mature over a period of not more than 20 years.
SECTION 2. The special election called shall be held in the City on November 7, 2006, in accordance with Oregon law.
SECTION 3. The City Recorder shall cause to be delivered to the Elections Officer of Jackson County, Oregon, the attached Notice of Bond Election, not later than 61 days prior to the election. The Election Officer is requested to give the electorate of the City notice that the election shall be conducted by mail pursuant to Oregon law; and
SECTION 4. The City Recorder shall give notice of the election as provided in the laws of the State of Oregon and the charter and ordinances of the City of Ashland.
SECTION 5. The City Attorney is authorized to alter the text of the ballot to comply with any rules, procedures or practices of the Elections Officer of Jackson County to implement the requirements of Oregon law.
This resolution was read by title only in accordance with Ashland Municipal Code Section 2.04.090 duly
PASSED and ADOPTED this 15 day of August, 2006:
Barbara Christensen, City Recorder
SIGNED and APPROVED this 16 day of August, 2006:
John W. Morrison, Mayor
Reviewed as to form:
Michael W. Franell, City Attorney
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