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HomeMy WebLinkAbout1993-05-10 93-253 ORDER3-253 Data _ 5/10/93 htm n}. 9�'- OBDBB - Directing Proposed Charter Amendment to be Submitted' to the voters. RttpC.,,ble oapanmane: City Clerk ffie City Clerk 3a hereby authorized and directed to take all ntcemnary action to cause the proposed amendment Article VI Business And Plosiclat. Provision hereto to be submitted, to the voters at,a Special or &egylar Municipal Election. eazeast comments y� /] A� 4alll(/.M1 KXN Q<a�� . w"tu--I (1A7911J'p{9a'�:lid`yt+(t�(Yri�✓N�S.rW,B�JJsi� , I a,)avar td m n:� Eob4e; Apwo+xL Le LaI 4::: nal:. Cary Sa%.y::r. T- 93-253 Assigned to Councilor Stone, May 10, 1993 CITY OF BANGOR (RUE.) (01bims_ --Directing. P.ropo,e d Charter Amendment to be Submitted to the BY FM City ow Of City of Smaller: ORDERED, MT the City Clerk is. hereby authorized and directed to take all necessary action to cause the proposed amendment Article VI Business and Financial Provisions hereto to be submitted to the voters at a Special or Regular Municipal Election to be held on , and be It further ORDERED, THAT the City Clerk shall cause the proposed amendment to be printed, to make copies available to the voters in the Clerk's office, and to poet the same. Per 30-A M.R.S.A. Section 2106 (6) a summary of the amendment to be printed on the ballot follows: _ Amendment of City Charter - Article VI Summary This amendment will revise the order and Cambering Of sections within the article so that sections concerning like matters are grouped together and follow in a logical progression. References to the 6 month interim budget year in 1982 and the December 1981 budget submission are e deleted. Subdivides the budget section into titled subsections fon ease of reading and referencing., Moves a section on redesignated fund balance from the budget section to a stand alone section, and addsnew sections recognizing the creation and administration of the Credit reserve fund and Other reserve funds. Adds a section requiring that unexpended and unencumbered appropriations apse at year end, and that capital appropriationsunencumbered lwill lapse if n umbered-O expended for three years. Residual references to cash surplus are replaced with references to unanticipated and unappropriated revenues, general fund undesignated fund balance and/or reserrie accounts. Subdivides the section n issuanceCarbonds and notes into titledsubsections. Identifies debt issuance as general fund, enterprise funds or refunding debt. Continues to require that general fund debt be issued On the basis of level principal but on a project by project basis. Authorizes enterprise fund debt repayment to be scheduled as appropriate for the funding source on a project by project basis. Finally, authorizes the debt service for refunded debt to be scheduled to maximize savings given the naturalrepayment schedule, rather than On level principal. IN CITY COUNCIL May 10, 1993 Passed as Amended. Amended In the space provided the date November 2, 1993. ryry C CI LE 93-253 O RUER Title, Oiteetln& PtoPoaed Chatttt Amendmene ' . Vote............ ' to be Submitted to the Voters t/ p Councilman