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Resolution No. 98-45 CITY OF TIGARD,OREGON RESOLUTION NO.98-' A RESOLUTION OF THE CITY COUNCIL OF.THE CITY OF TIGARD SUBMITTING TO THE VOTERS A PROPOSAL TO AUTHORIZE THE TIGARD CITY COUNCIL TO SELL BONDS UP TO $17,800,000 FOR LIBRARY,POLICE AND OTHER CITY FACILITIES TO BE VOTED ON AT THE NOVEMBER 3,1998,GENERAL ELECTION WHEREAS,a public hearing was held on August 11,1998,to receive input from the citizens of Tigard on a proposed ballot measure for Pew library and police construction and other facilities Civic Center bonds; and WHEREAS, after due consideration, the Tigard City Council decided to forward the proposed bond measure to the voters; NOW,THEREFORE,BE IT RESOLVED by the Tigard City Council that: SECTION 1: An election is hereby called in and for the City of Tigard,Washington County,Oregon, for the purpose of Submitting to the legal voters of said City the following question: Shall Tigard City Council be authorized to sell Bonds up to $17,800,000 for Library,Police,and other Civic Center facilities? SECTION 2: Tuesday,November 3, 1998,between the hours of 7:00 a.m.and 8:00 p.m.,is hereby designated the date and time for holding the election for the purpose of voting on the measure as stated in the above paragraph. SECTION 3: The election will be conducted by the Washington County Elections Department,which department shall establish polling places, precincts, and election boards for such election. SECTION 4: The precincts for said election shall be and constitute all of the territory included within the corporate limits of the City of Tigard SECTION 5: The ballot title to appear on the ballots shall be: TITLE NEW LIBRARY AND POLICE CONSTRUCTION,AND OTHER CITY FACILITIES BONDS RESOLUTION NO.98-Lt55 Page 1 r QUESTION Shall the City be authorized to sell Bonds up to$17,800,000 for Library,Police,and other Civic Center facilities? If the bonds are approved,they will be payable from taxes on property or property ownership that are not subject to the limits of sections 11 and 11 b,Article XI of the Oregon Constitution. EXPLANATION The existing Library,Police and City Hall facilities at SW Hall and Burnham constructed in 1986 were built to meet the City's service needs for ten years. This bond measure would fund construction of new Library and Police facilities. This measure would also fund the conversion of the existing Library building for general City services and the refurbishing of City Hall for City services. The Water Building on Burnham Street would be renovated for the Public Works Department including water,parks,streets and wastewater. Some land acquisition may be required. The parking lot at the Civic Center on Hall and Burnham would be expanded to accommodate additional parking spaces. The bonds would be repaid by the levy of property taxes over a period of up to 20(twenty)years. The first year tax rate for repayment of the bonds is estimated to be 48¢ per$1,000 of assessed value. SECTION 6: The City Elections Officer is hereby directed to give notice of receipt of the ballot title as required by ORS 250.275,by publishing such notice in the next available edition of a newspaper of general distribution in the City. PASSED: This i I- day of 998. ayor-City of Tig ATTEST: City Recorder-City of Tigard I:1ADM\CATHrC0UNCVBON DRES2 DOC RESOLUTION NO.98--' Page 2 PROPOSED BALLOT TITLE FOR NOVEMBER 3, 1998 GENERAL ELECTION GENERAL OBLIGATION BONDS FOR LIBRARYAND POLICE CONSTRZiCTIONAND CITY FA CILITIES RENO VA TION Tr (10) NEW LIBRARY AND POLICE CONSTRUCTION,AND OTHER CITY FACILITIES BONDS QUESTION (20) Shall the City be authorized to sell Bonds up to$17,800,000 for Library,Police,and other Civic Center facilities? (req.) If the bonds are approved,they will be payable from taxes on property or property ownership that are not subject to the limits of sections 11 and 11 b,Article XI of the Oregor_Constitution. EXPLANATION (175) The existing Library,Police and City Hall facilities at SW Hall and Burnham constructed in 1986 were built to meet the City's service needs for ten years. This bond measure would fund construction of new Library and Police facilities. This measure would also fund the conversion of the existing Library building for general City services and the refurbishing of City Hall for City services. The Water Building on Burnham Street would be renovated for the Public Works Department including water, parks,streets and wastewater. Some land acquisition may be required_ The parking lot at the Civic Center on Hall and Burnham would be expanded to accommodate additional parking spaces. The bonds would be repaid by the levy of property taxes over a period of up to 20 (twenty)years. The first year tax rate for repayment of the bonds is estimated to be 48¢ per$1,000 of assessed value. i:ledmyeeekaV¢lbalbt2dx Adolk