HomeMy WebLinkAbout1992 07_Bond election_Sports Plex_1992.03.17fZ4,12 M, 51 �V* �11
WHEREAS, it is deemed advisable by the City of Owasso,
in the State of Oklahoma, to improve the Sports-Plex
recreational facilities of the City; and
WHEREAS, it is deemed advisable to approve the use of
the Capital Future Fund of the City and provide that the
proceeds thereof be used to pay principal of and interest on
the bonds referenced herein; and
WHEREAS, the estimated amount necessary for such
purpose is ONE MILLION TWO HUNDRED THIRTY THOUSAND
($1,230,000.00) DOLLARS; and
NOW, THEREFORE,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
OWASSO, STATE OF OKLAHOMA:
SECTION 1. That the Mayor or Vice-Mayor of said City
be hereby authorized and directed to call a special election
to be held in said City on the 5th day of May, 1992, for the
purpose of submitting to the registered, qualified electors
thereof the following Proposition:
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SECTION 2. The specific project for which one hundred
percent (100%) of the proceeds of the aforesaid Bonds shall
be expended, and.the dollar amount for such project shall a-
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SECTION 4. That the Special Election Proclamation and
Notice of even date, a copy of which is on file with the
City Clerk and which is incorporated herein by reference,
calling said election is hereby approved in all respects,
and the Mayor or Vice Mayor is hereby authorized to execute
said Special Election Proclamation and Notice on behalf of
the City, and the City Clerk is hereby authorized to attest
and affix the seal of the City to said Special Election
Proclamation and Notice, and to cause a copy of said Special
Election Proclamation and Notice to be published as required
by law, and a copy thereof delivered to the Tulsa County
Election Board.
SECTION 5. That the city Clerk shall serve or cause to
be served® a copy of this Resolution and of the Special
Election Proclamation and Notice upon the office of the
Tulsa County Election Board, at least forty-five (45) days
prior to the date of the election.
PASSED AND APPROVED this 17th day of March® 1992.
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ATTEST:
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If Proposition No. 1, above, is approved by a
majority of the registered qualified voters,
voting at the election for such purpose and
Proposition No. 2, providing for the use of the
funds deposited in the Capital Future Fund is not
approved by a majority of the registered qualified
voters, voting at the election for such purpose,
the General Obligation Bonds provided in the above
Proposition WILL NOT BE ISSUED.
YES - FOR THE ABOVE PROPOSITION.
NO - AGAINST THE ABOVE PROPOSITION.
"
YES - FOR THE ABOVE PROPOSITION®
NO - AGAINST THE ABOVE PROPOSITION.
The specific project for which one hundred percent
(100 %) of the proceeds of the aforesaid Bonds shall be
expended, and the dollar amount for such project shall be as
follows:
DATED this 17th day of March, 1992.
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City Clerk