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HomeMy WebLinkAbout2019-08-26 19-334 Order 08/26/201919-334 08/26/2019 19-334 City Clerk Order N/A Title, Order Authorizing Placement of $6,000,000 Bond Question on the November 5, 2019 Ballot This order will authorize placement of the $6,000,000 Bond Question on the November 5, 2019 ballot. On August 12, 2019, the City Council passed Order 19-286 "Authorizing Issuance of $6,000,000 of the City's General Obligation Bonds and a Tax Levy Therefor to Rehabilitate City Hall and Replace/Upgrade Building Wide Systems". The Charter of the City of Bangor, Article VIII, Section 19, requires the City Council to submit to voter referendum orders or resolves authorizing the issue of general obligation securities of the city in a principal amount of five one-hundredth of one percent of the last certified state valuation of the City for a single capital improvement or item of capital equipment. If approved, the City Clerk shall make notice of election to the citizens of Bangor and prepare the ballots for the November 5, 2019 election. Recommend for passage Consent 08/26/201919-334 CITY OF BANGOR ORDER 08/26/2019 19-334 Weston Authorizing Placement of $6,000,000 Bond Question on the November 5, 2019 Ballot WHEREAS, the City Council passed Order 19-286 "Authorizing Issuance of $6,000,000 of the City's General Obligation Bonds and a Tax Levy Therefor to Rehabilitate City Hall and Replace/Upgrade Building Wide Systems"; and WHEREAS, The Charter of the City of Bangor, Article VIII, Section 19, requires the City Council to submit to voter referendum orders or resolves authorizing the issue of general obligation securities of the city in a principal amount of five one-hundredth of one percent of the last certified state valuation of the City for a single capital improvement or item of capital equipment. NOW THEREFORE, Be it Ordered by the City Council of the City of Bangor that, the following question be placed on the November 5, 2019, municipal ballot: "Shall the order "Authorizing Issuance of $6,000,000 of the City's General Obligation Bonds and a Tax Levy Therefor to Rehabilitate City Hall and Replace/Upgrade Building Wide Systems" be approved? IN CITY COUNCIL AUGUST 26,2019 CO 19-334 MOTION MADE AND SECONDED FOR PASSAGE PASSED / J Z2, "z" CITY LERK