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87-321RESOLUTION NO. 87R-321 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ANAHEIM, CALIFORNIA, ORDERING, CALLING, PROVIDING FOR AND GIVING NOTICE OF A SPECIAL MUNICIPAL ELECTION TO BE HELD IN SAID CITY ON TUESDAY, NOVEMBER 5, 1987, FOR THE PURPOSE OF SUBMITTING A PROPOSITION FOR THE ISSUANCE OF WATER REVENUE BONDS BY SAID CITY, AND CONSOLIDATING SAID ELECTION WITH SCHOOL DISTRICT ELECTIONS TO BE HELD ON SAID DATE The City Council of the City of Anaheim, California, DOES HEREBY RESOLVE, DETERMINE AND ORDER as follows: Section 1. A special election is called to be held in the City of Anaheim, California, on Tuesday, November 5, 1987, for the purpose of submitting to the qualified voters of said City a proposition for the issuance of water revenue bonds pursuant to Section 1210 of the Charter of said City in the amount and for the purpose hereinafter set forth. Section 2. The purpose for which the bonds are proposed to be issued is the acquisition, construction and financing of additions to, and improvements of, the enterprise, including facilities, property and rights for the rehabilitation and expansion of the water supply, transmission and distribution system of the City. Section 3. The estimated cost of the acquisition, construction and financing set forth in Section 2 herein is $14,000,000, and the principal amount of the bonds proposed to be issued is $14,000,000. In determining the amount of bonds to be issued, this City Council has included all costs and expenses authorized by Section 54410 of the Government Code of the State of California. Section 4. The maximum rate or rates of interest to be paid on the bonds shall be established by the City Council at or prior to the sale or sales of the bonds. Section 5. If the proposition for the issuance of the bonds so submitted receives the assent of a majority of the voters voting on the proposition, water revenue bonds as provided herein (in not exceeding the principal amount stated 08971072187 -1- in such proposition) shall be issued and sold for the purpose set forth herein. Said bonds are to be revenue bonds payable exclusively from the revenues of the enterprise and are not to be secured by the taxing power of the City. Section 6. The enterprise referred to in Sections 2 and 5 herein is defined to be the entire waterworks system of the City of Anaheim, including all additions to, and improvements and extensions of, said system later constructed or acquired. Section 7. The proposition to be submitted shall be substantially as follows: WATER REVENUE BOND PROPOSITION: Shall the City of Anaheim be authorized to issue revenue bonds, not payable from property taxes, in the principal amount of fourteen million dollars for the acquisition, construction and financing of additions to, and improvements of, the water system of said City? Section 8. The special election hereby called for the date hereinbefore specified is hereby ordered consolidated with the elections to be held on said date in the Anaheim Union High School District and the Anaheim City School District and in any other school district located (in whole or in part) within the City of Anaheim. Within the respective portions of the City of Anaheim lying within each of said school districts, the precincts, polling places and officers for election for said special election shall be the same as those provided for said school district elections and the manner of holding said special election, including the canvass of the returns thereof, shall be the manner prescribed by or pursuant to law for voting upon measures at said school district elections. In all other particulars, the election hereby called shall be held and the votes canvassed pursuant to law for municipal elections held in the City of Anaheim. Section 9. The Board of Supervisors of Orange County is hereby requested to order that said special election and said school district elections be consolidated in the manner hereinabove set forth and in accordance with law, and the Registrar of Voters of Orange County is hereby authorized and requested to canvass the returns of said special election in the manner provided by law and to certify the results of said canvass to this City Council. Section 10. The City Clerk shall certify to the adoption of this resolution and shall cause it to be published once a day for at least seven days in the Anaheim Bulletin, a newspaper of general circulation published in the City of Anaheim. The City Clerk is hereby authorized, instructed and 08971072187 -2- directed to give such further and additional notice of said election in time, form and manner as required by law. Section 11. The City Clerk shall file certified copies of this resolution with the Board of Supervisors of Orange County, with the Superintendent of Schools of said County, with the Clerk of said County, and with the Registrar of Voters of said County. Section 12. This Resolution shall take effect immediately. ADOPTED, SIGNED AND APPROVED this28t:h day of July, 1987. Mayor of the City of Anaheim, California ATTEST: Anaheim, California (SEAL) 08971072187 CLERK STATE OF CALIFORNIA ) COUNTY OF ORANGE ) ss. CITY OF ANAHEIM ) I, LEONORA N. SOHL, City Clerk of the City of Anaheim, do hereby certify that the foregoing Resolution No. 87R-32i was introduced and adopted at a regular meeting provided by law, of the City Council of the City of Anaheim held on the 28th day of July, 1987, by the following vote of the members thereof: AYES: COUNCIL MEMBERS: Ehrle, Hunter, Pickler, Kaywood and Bay NOES: COUNCIL MEMBERS: None ABSENT: COUNCIL MEMBERS: None AND I FURTHER certify that the Mayor of the City of Anaheim signed said Resolution No. 87R-321 on the 28th day of July, 1987. IN WITNESS WHEREOF, I have hereunto set my hand and affixed the seal of the City of Anaheim this 28th day of July, 1987. ~.CITY CLERK OF THE OF ANAHEIM (S~AL) I, LEONORA N. SOHL, City Clerk of the City of Anaheim, do hereby certify that the foregoing is the original of Resolution No. 87R-321 duly passed and adopted by the Anaheim City Council on July 28, 1987. .CITY CLERK OF THE CITY ANAHEIM