ORD 33826 - Authorize city council to issue and sell general obligation bonds •
•. r • •
°
•
•
•
)1d111A,Jv
fir
.
atra��iJ l0
•
o®b �
9e ro
A4TFD FEB1° ,' W r-.-+
Honorable President "` ry `
City of Omaha - c--) 1+1
rn
Hal Daub,Mayor r
Finance Department and Members of the City Council, a' ~
V) T�
Omaha/Douglas Civic Center °'
1819 Farnam Street,Suite 1004 ) ` rl
Omaha,Nebraska 68183-1004 Attached hereto for your consideration is anproposes Ordinance which to
(402)444-5416
Telefax(402)444-5423 submit to the qualified electors of the City of Omaha, for their approval or
rejection at the Special City Election to be held on May 14, 1996, the
Louis A.D'Ercole question whether or not the City Council shall be authorized to issue and sell
Actinngg Director
without fiirther vote of the people General Obligation Bonds in an amount '
not to exceed Six Million and No/100 ($6,000,000) Dollars.
Bonds under this Ordinance may be issued for the purpose of providing funds
for the payment of the cost of constructing, reconstructing, improving,
equipping storm sewers, sanitary sewers, interceptor sewers, combined
sewers,relief sewers, or combinations thereof, including necessary plans and
specifications, and acquiring such land and right-of-way and easements as
may be required, but excluding the cost of the City construction equipment
and payment of salaries to City employees.
The approval of this Bond issue will not incur any increases in the Bond
Sinking Fund Levy of the City of Omaha over the 1996 tax levy as applicable
to the 1997 tax collection year.
Respectfully submitted, Referred to City Council for
Consideration:-
-
Louis A. D'Ercole
Acting Finance Director Mayor's Office/T.
Appr ed by:•
Herbert M. Fitle
City Attorney
P:\FIN\1938.SAP
•
• 4 •
ORDINANCE NO. 338C
1 AN ORDINANCE to provide that the City Council of the City of Omaha be authorized to issue and
2 sell, from time to time, but not later than May 14, 2004, without further vote of the
3 electorate, General Obligation Bonds of the City of Omaha in an amount not to exceed Six
4 Million and No/100 Dollars($6,000,000)for the purpose of providing funds for the payment
5 of the cost of constructing, reconstructing, improving, extending and equipping of storm
6 sewers,sanitary sewers,interceptor sewers,combined sewers,relief sewers,or a combination
7 thereof, and other related branch sewer main construction in the City of Omaha, as required
8 in the design and construction of sewer facilities, including necessary plans and
9 specifications,and acquiring such lands and rights-of-way and easements as may be required,
10 but excluding the cost of City construction equipment and payment of salaries to City
11 employees,and to provide for the submission of this proposal to the qualified electors of the
12 City of Omaha for their approval or rejection at a Special City Election to be held on
13 May 14, 1996; and to provide the effective date hereof
14 BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF OMAHA:
15 Section 1. That there be,and there hereby is, called a Special Election to be held in the City
16 of Omaha, Douglas County, Nebraska, on May 14, 1996 for the purpose of submitting to the
17 qualified electors at said Special Election for their approval or rejection a proposal to authorize the
18 City Council of the City of Omaha, without further vote of the electorate,to issue and sell General
19 Obligation Bonds of the City of Omaha in an amount not to exceed Six Million and No/100 Dollars
20 ($6,000,000) from time to time, but not later than May 14,2004,for the purpose of providing funds
21 for the payment of the cost of constructing,reconstructing, improving, extending and equipping of
22 storm sewers, sanitary sewers, interceptor sewers, combined sewers,relief sewers, or a combination
•
ORDINANCE NO. 33 O '.
PAGE -2-
1 thereof, and other related branch sewer main construction in the City of Omaha as required in the
2 design and construction of sewer facilities, including necessary plans and specifications, and
3 acquiring such lands and rights-of-way and easements as may be required,but excluding the cost of
4 City construction equipment and payment of salaries to City employees.
5 Such bonds shall be payable from taxes upon all taxable property in said City, subject to
6 taxation by said City,in the amounts required to be levied by Section 5.07 of the Home Rule Charter
7 of the City of Omaha, 1956,as amended, for the payment of the indebtedness of said City. No other
8 election shall be required to authorize the issuance of such bonds. Bonds issued pursuant to this
9 authority shall mature in such amounts and at such times as the City Council shall determine but not
10 more than twenty (20) years from the date thereof.
11 The approximate cost to the taxpayers of the City that will be incurred if this proposal is
12 approved and the City Council authorizes, issues and delivers all the bonds for the purpose herein
13 provided is Six Million and No/100 Dollars($6,000,000)plus interest to be payable on such bonds
14 and the approval of this Bond issue will not incur any increase in the Bond Sinking Fund Levy of
15 the City of Omaha.
ORDINANCE NO. 33&?
PAGE -3-
1 Section 2. That said proposition shall be submitted to the electors of the City of Omaha in
2 the following form:
3 STATE OF NEBRASKA
4 COUNTY OF DOUGLAS
5 CITY OF OMAHA
6 OFFICIAL BALLOT
7 SPECIAL CITY ELECTION HELD MAY 14, 1996
8 $6,000,000 SEWER BONDS
9 SHALL THE CITY OF OMAHA BE AUTHORIZED TO ISSUE AND SELL
10 GENERAL OBLIGATION BONDS IN THE AMOUNT OF SIX MILLION AND
11 NO/100 DOLLARS ($6,000,000)FOR THE PURPOSE OF PROVIDING FUNDS
12 FOR PAYMENT OF THE COST OF CONSTRUCTING, RECONSTRUCTING,
13 IMPROVING, EXTENDING, AND EQUIPPING OF STORM SEWERS,
14 INTERCEPTOR SEWERS, COMBINED SEWERS, RELIEF SEWERS, OR A
15 COMBINATION THEREOF, OR ANY OTHER RELATED SEWER
16 CONSTRUCTION,THE APPROXIMATE COST TO THE TAXPAYERS OF THE
17 CITY OF OMAHA. IF THIS PROPOSAL IS APPROVED TO BE SIX MILLION
18 AND NO/100 DOLLARS ($6,000,000) PLUS INTEREST PAYABLE ON SAID
19 BONDS TO BE PAID FROM THE FUND FOR PRINCIPAL AND INTEREST
20 PAYMENTS ON THE INDEBTEDNESS OF THE CITY OF OMAHA AS
21 PROPOSED IN THE NOTICE OF ELECTION WHICH ALSO PROVIDES THAT
22 THE APPROVAL OF THIS BOND ISSUE WILL NOT INCUR ANY INCREASE
23 IN THE BOND SINKING FUND LEVY OF THE CITY OF OMAHA.
24 YES
25 NO
26 Section 3. Under said question and proposition on the ballot shall be printed the word "Yes"
27 and the word"No". All ballots of qualified electors cast at the aforesaid election with an"X" marked
28 before the word "Yes" shall be understood to be, and shall be counted, in favor of the proposition
29 set forth in said question, and all ballots of qualified electors cast at the aforesaid election with an
ORDINANCE NO. 33 Z?�
PAGE -4-
"X" marked before the word "No" shall be understood to be, and shall be counted, against the
proposition as set forth in said question.
Section 4. That said ballots shall be white in color and printed in black ink or other color
designated in conformance with Section 32-419 of the Revised Statutes of Nebraska 1943, as
amended.
Section 5. The officer having charge of General and Special Elections of the City of Omaha
shall conduct the election on the question herein provided for in all respects the same as other City
elections and in the manner provided by law.
Section 6. The City Clerk is hereby directed to transmit a certified copy of this Ordinance
to the Election Commissioner of Douglas County,Nebraska,and to give public notice to the electors,
as provided by law.
Section 7. That this Ordinance, pursuant to Section 2.12 of the Home Rule Charter, is
deemed to be administrative rather than legislative in character and shall be in full force and take
effect immediately upon the day of its passage.
INTRODUCED CILMEMBER
Re 4 APP (L.22.
BY:
AYOR OF THE Y OF OMAI �
PASSED FEB 1 3 1996 jG
ATTEST: OF THE CITY OF OMAHA
:.".,ERK
APPROVED A O F •
CIT AT RNE
P:\FIN\1939.SAP
5
4 Y
"-
fM
.-.=L'' '.5 '• .., ^, . 4;'-',0 .it)kl
I
I 111
0
C 'a
al C
or il4.1 ' L..
r sue.
, \in
Fri
•
1 0
z
.: g i M 21P \\
INI
CO
yY = �..-,._. - ---..- F - - - - - __ - -
'0 to 0 m (n ct. 0 b' 1—, c0 rt 0 b' Pl (n 0 co `0 H zn ct rr ct, S» 0 ;;)
Fj Fr qb 1-1G O O CD SL H H• -, F; (D H, rt Pi O H- - � H, ,..,
O (D rb (D b' CD CD Sv 0 Al DJ O E 1-1 '-C Fi x (r Ti SL Q,
C O n O 5 m m N Q., -' . O (D (n G 5 0 rt O
H- rt O rr H• H rt (D CO U) Pi O 1-1 O 0 rt 'y n (D C Fi
Q, H- < O Co rt 1-1 ,� O - C• E m 0 rt CD C H- H. H' a CD (D Q,
(D O Pl Fi (n k< G G Pv H, H• - Fi H- rt (D H rt (D PI F-� H-
H CD H. O H• CD CD Pl Co CD 3 F✓ kc O 'C F✓ O
rt O (D rt Fi Q, Q, O O (D pi O LQ O `b H• rt - H- Iv 0
• rt O O 5 H• (D O E fi O Ul - 1--h G O O O I—' rt
(D O Fi 1-h O '0H O -1' Fi UJ () F(1 I-
O- (k H. rt 'b H n hH C (( (OH Q
(D b' Fi rt 1-h O �Q (D Fi 1-Q CD H• O 5 --' O Pl O rt 00
H, (D (D "< (D b-' C O O 5 C Fi ,O 0 O C 5 (D t 5 r-h rt y \
H, LJ- O rt (D ,-c) G rt H• H, H- Pl rt (D ;.7 h (D Q, P) - 0 0
ODOHOrt I CC• ¢ - < O n ° tl0 ( ( C O H'- (n H• N n (D D O O Z D a FH 'd 1
1 • r1• F-' rt H• (n - (D O O 1-.• Q., I-1 (n CAH- CO1-h O (D - 5 pi Fi
) H• Q, H• rt 5 X H, Sv f-, O (D (D 0 rt \ H. CD (D C 0
< O '-< h0 W (D O I rt H- H- O O CD LQ ') 1-, CD O Pi <
(D O \
O CD 1-1CD I- E H- rt CD I h (D H- - O I-1 O n H- rt H.
,,.\ CD O O fa, rt G PI O H. N - hi rt 1-h O O N PI rt O b' O \
00.) F h 'Pb 0 '-< CD (D ct rt cn P) (D < CD H ts' (D (D
( O rt Pl H• m Ul tJ Fi PI - I-i X O H• 0 O rt ; `i
rt CD O (n O CD CD SL - - (DG 0 '-C rt O Q, O P.1 O H- Sv rt ,
(D CD 5 PI Q., LQ 0 O Q, Fi (D 0 H. I-' 5 is rt 5 C C ' A
sv F✓'CI Q Pl I-, Q, rt CD m CD EnCD H O H (0 rt Di Js
C 1--1 Ul ] hi 'a rt CD CD (D H- O H (D Q, rt .Q Q G H H, - C rt
N P D rt O pi (D Q. O (n O rt H• $ H• n Fi O G 0
hi - CD O C "C (D ID F-' H• C n- O (-D CD O H, Ul rt pi F1 CS' K rt
• (D O H, H- 5 UI PU tQ (D H, Fi 0 O 0 rt rt G 1-'- ,_,
O I--' H• O rt (1, (D O (D O 0, CD H• Fi Ul ct CD --. H• .D.' (t N (D IgSH, L0 Pl 1-1C'• (DCi O 5 cQ 1-1. CD (.1) - IL 1-1. Q, n- O O (D (D
• l0 I-, CD •rt (n (D G CD D) n (D CD CD (n G-, (1- CD 1-1CD Q, O
6l rt H, rt CD H-LQ CD (-1- ,D r, H. Q., LQ - 0 H.
-• C] CD ,-O O O rt Fi Q., ;, N (D - 1-h O rt 131 < rt rt (t
H• O O n H, O m H• CD (D Pi n rt -,, 0 0 0 O O O ,`
Al rt F-'• PI 1 h CD (D O rt in O O F1 Fi O CD rt F--'
• k< n H rt ul a to O O n cD - N O 0 - (,l Q, ( w H- l
Q, H- -• W () (n (D CD H• Q, O H. O (t O la rt (n O
H, (D H H• (n ul Ul rt O O nJ O ✓ O O 0 (D (n,
rt H. Pi rt 5 0 Ul (t '-< Fi t.'i 1u 0 (D O (D O rh N G CD
O (D N < Pi O Ili 11 (t H• I •- (D t-h (D O
OA H- - :- (- C r t n-, H-
_ -
- -- ?
cu 1
va
O t�: cm co
a
CI O Q =
M o- ...a
4.
a
i C)e, ,
M
x
‘11 Cs)
.......