ORD 41395 - General Obligation Bonds - Sewers - Special Election of "144 �: E Finance Department
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4rED FE13°'
" W Stephen B.Curtiss
City of Omaha Finance Director
Jean Stothert,Mayor
Allen Herink
City Comptroller
Honorable President
and Members of the City Council,
Attached hereto for your consideration is an Ordinance which proposes to 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 15, 2018, the question whether or not the City Council shall be authorized to
issue and sell without further vote of the people General Obligation Bonds in an amount not to
exceed Eleven Million Four Hundred Seventy-Five Thousand and No/100 Dollars
($11,475,000).
Bonds under this Ordinance may be issued for the purpose of providing funds for the payment
of the cost of constructing, reconstructing, improving, extending and equipping of storm sewers,
sanitary sewers, interceptor sewers, combined sewers, relief sewers, or combinations thereof,
including necessary plans and specifications, and acquiring such lands and rights-of-way and
easements as may be required, but excluding the cost of City construction equipment and
payment of salaries to City employees.
This bond authorization funds the projects identified in the 2018-2023 CIP, which was approved
by City Council Resolution No. 979 on August 22, 2017.
The approval of this Bond issue will not incur any increases in the Property Tax Levy Rate of the
City of Omaha over the 2018 tax levy rate as applicable to the 2019 tax collection year.
Respectfully submitted, Referred to City Council for Consideration:
/-3/1e 94
Step n B. Curtiss ate • Mayor's Office/Title Date
Finance Director
P\LAW-CITY COUNCIL DOCUMENTS\2017\20141se1
ORDINANCE NO. l"J 3q/
1 AN ORDINANCE to provide that the City Council of the City of Omaha be authorized to issue
2 and sell, from time to time, but no later than December 31, 2026, without further vote of
3 the electorate, General Obligation Bonds of the City of Omaha in an amount not to
4 exceed Eleven Million Four Hundred Seventy-Five Thousand and No/100 Dollars
5 ($11,475,000) for the purpose of providing funds for the payment of the cost of
6 constructing, reconstructing, improving, extending and equipping of storm sewers,
7 sanitary sewers, interceptor sewers, combined sewers, relief sewers, or a combination
8 thereof, and other related branch sewer main construction in the City of Omaha, as
9 required in the design and construction of sewer facilities, including necessary plans and
10 specifications, and acquiring such lands and rights-of-way and easements as may be
11 required, but excluding the cost of City construction equipment and payment of salaries
12 to City employees; and to provide for the submission of this proposal to the qualified
13 electors of the City of Omaha for their approval or rejection at the Special City Election to
14 be held on May 15, 2018; and to provide the effective date hereof.
15 BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF OMAHA:
16 Section 1. That there be, and hereby is, called a Special City Election to be held in the
17 City of Omaha, Douglas County, Nebraska, on May 15, 2018 for the purpose of submitting to
18 the qualified electors at said Special City Election, for their approval or rejection a proposal to
19 authorize the City Council of the City of Omaha, without further vote of the electorate, to issue
20 and sell General Obligation Bonds of the City of Omaha in an amount not to exceed Eleven
21 Million Four Hundred Seventy-Five Thousand and No/100 Dollars ($11,475,000) from time to
22 time, but not later than December 31, 2026, for the purpose of providing funds for the payment
23 of the cost of constructing, reconstructing, improving, extending and equipping of storm sewers,
24 sanitary sewers, interceptor sewers, combined sewers, relief sewers, or a combination thereof,
ORDINANCE NO. 4) 3q5
PAGE -2-
1 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
4 cost of 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 amount 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
8 other election shall be required to authorize the issuance of such bonds. Bonds issued
9 pursuant to this authority shall be required to authorize the issuance of such bonds. Bonds
10 issued pursuant to this authority shall mature in such amounts and at such times as the City
11 Council shall determine but not more than twenty (20) years from the date thereof.
12 The approximate cost to the taxpayers of the City that will be incurred if this proposal is
13 approved and the City Council authorizes, issues and delivers all the bonds for the purpose
14 herein provided is Eleven Million Four Hundred Seventy-Five Thousand and No/100 Dollars
15 ($11,475,000) plus interest to be payable on such bonds and the approval of this Bond issue will
16 not incur any increase in the Property Tax Levy Rate of the City of Omaha.
17 Section 2. That said proposition shall be submitted to the qualified electors of the City
18 of Omaha in substantially the following form:
19 "STATE OF NEBRASKA
20 COUNTY OF DOUGLAS
21 CITY OF OMAHA
22
23 OFFICIAL BALLOT
24 SPECIAL CITY ELECTION
25 HELD MAY 15, 2018
26 $11,475,000 ENVIRONMENT SEWER BONDS
ORDINANCE NO. 4I315
PAGE -3-
1 SHALL THE CITY OF OMAHA BE AUTHORIZED TO ISSUE AND SELL GENERAL
2 OBLIGATION BONDS IN THE AMOUNT OF ELEVEN MILLION FOUR HUNDRED SEVENTY-
3 FIVE THOUSAND AND NO/100 DOLLARS ($11,475,000) FOR THE PURPOSE OF
4 PROVIDING FUNDS FOR PAYMENT OF THE COST OF CONSTRUCTING,
5 RECONSTRUCTING, IMPROVING, EXTENDING AND EQUIPPING OF STORM SEWERS,
6 SANITARY SEWERS, INTERCEPTOR SEWERS, COMBINED SEWERS, RELIEF SEWERS,
7 OR A COMBINATION THEREOF,. OR ANY OTHER RELATED SEWER CONSTRUCTION,
8 THE APPROXIMATE COST TO THE TAXPAYERS OF THE CITY OF OMAHA IF THIS
9 PROPOSAL IS APPROVED TO BE ELEVEN MILLION FOUR HUNDRED SEVENTY-FIVE
10 THOUSAND AND NO/100 DOLLARS ($11,475,000) PLUS INTEREST PAYABLE ON SAID
11 BONDS TO BE PAID FROM THE FUND FOR PRINCIPAL AND INTEREST PAYMENTS ON
12 THE INDEBTEDNESS OF THE CITY OF OMAHA AS PROPOSED IN THE NOTICE OF
13 ELECTION WHICH ALSO PROVIDES THAT THE APPROVAL OF THIS BOND ISSUE WILL
14 NOT INCUR ANY INCREASES IN THE PROPERTY TAX LEVY RATE OF THE CITY OF
15 OMAHA?
16
17 YES
18 NO"
19 Section 3. Under said question and proposition on the ballot shall be printed the word
20 "Yes" and the word"No". All ballots of qualified electors cast at the aforesaid election with an
21 "X" or other clear or intelligible mark placed before the word "Yes" shall be understood to be,
22 and shall be counted, in favor of the proposition set forth in said question, an&°all ballots of
23 qualified electors cast at the aforesaid election with an "X" or other clear or intelligible mark
•
24 placed before the word "No" shall be understood to be, and shall be counted, against the
25 proposition set forth in said question:
26 Section 4. That said ballots shall be white in color and printed in black ink or other color
27 designated in conformance with Section 32-806 of the Revised Statutes of Nebraska, 1943, as
28 amended.
29 Section 5. The officer having charge of General and Special Elections of the City of
30 Omaha shall conduct the election on the question herein provided in all respects the same as
31 other City elections and in the manner provided by law.
ORDINANCE NO. 14I3g5
PAGE -4-
1 Section 6. The City Clerk is hereby directed to transmit a certified copy of this
2 Ordinance to the Election Commissioner of Douglas County, Nebraska, and to give public notice
3 to the electors, as provided by law.
4 Section 7. This Ordinance is declared to be administrative and not legislative in
5 character and, therefore, under the provisions of Section 2.12 of the Home Rule Charter of the
6 City of Omaha, 1956, as amended, and Rule 7 of the Rules adopted by the City Council of the
7 City of Omaha, it shall become effective from and after its adoption.
INTRODUCED BY COUNCILMEMBER
4). I ,S4-
APPROVED BY:
`FJUVAA_. Z/61/S'
VAN3 0 2018 MAYOR OF THE CITY OF OMAHA DATE
PASSED
ATTEST:
2JSi
CITY CLE K O CITY OF OMAHA DATE
ROVED AS TO FORM.
lJi$
DEPUTY CITY ATTORNEY DATE
P\LAW-CITY COUNCIL DOCUMENTS\2017\20142se1
ORDINANCE NO. 41349 •
Item Submitted By: Sunny LaPuzza
Department: Law
Council Meeting Dates:
First Reading: January 9, 2018
•
Second Reading and Public Hearing: January 23, 2018
Third Reading: January 30, 2018
An Ordinance to provide that the City Council of the City of Omaha be authorized to issue and
sell, from time to time, but no later than December 31, 2026, without further vote of the
electorate, General Obligation Bonds of the City of Omaha in an amount not to exceed Eleven
Million Four Hundred Seventy-Five Thousand and No/100 Dollars ($11,475,000) for the purpose
of providing funds for the payment of the cost of constructing, reconstructing, improving,
extending and equipping of. storm sewers, sanitary sewers,• interceptor sewers, combined
sewers, relief sewers,. or a combination thereof, and other related branch sewer main
construction in the City of Omaha, as required in the design and construction of sewer facilities,
including necessary plans and specifications, and acquiring such lands and rights-of-way and
easements as may be required, but excluding the cost of City construction equipment and
• payment of salaries to City employees; and to provide for the submission of this proposal to the
qualified electors of the City of Omaha for their approval or rejection at the Special City Election
to be held on May 15, 2018.
PUBLICATIONS PUBLICATION OF HEARING: I—)l I�Q
PUBLICATION OF PASSAGE: 7 ) IJ
Presented to City Council
January 30, 2018
APPROVED 7-0
Sl zabeth Miler
City Clerk