HomeMy WebLinkAbout7628RESOLUTION NO. 7628
A RESOLUTION OF INTENT TO SUBMIT TO A VOTE OF THE
PEOPLE THE QUESTION OF ISSUING LIMITED TAX
GENERAL OBLIGATION BONDS IN THE AMOUNT OF
$12,850,000 FOR THE HISTORIC ARKANSAS RIVER PROJECT
AND INCREASING THE CITY'S ANNUAL SPENDING LIMIT
BY $1,100,000 FOR DEBT SERVICE ON SUCH BONDS AND
AUTHORIZING THE CITY ADMINISTRATION TO PROCEED
WITH THE PREPARATION OF DOCUMENTS THEREFOR
BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, that:
SECTION 1
The City Council does hereby express its intend to submit to a vote of the people at the
general municipal election to be held November 7, 1995 the question of issuing limited tax general
obligation bonds in the amount of $12,850,000 for the Historic Arkansas River Project and
increasing the City's annual spending limit by $1,100,000 for debt service on such bonds.
SECTION 2
The City Administration is authorized to proceed with the preparation of documents to be
submitted to the City Council required for such bond issue and increase in spending limits, including
without limitation, the engagement of bond counsel therefor.
ATTEST:
Ac- City Cie
INTRODUCED: May 8, 1995
By Al Gurule
Councilperson
APPROVED:
President of the City Council