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HomeMy WebLinkAboutOrdinance #0987~..^ rw _ ~ l ~ ~~ . 1 ORDINANCE N0. 987 r •l y AN ORDINANCE PROVIDING FOR AND REQUIRING THE SUBMISSION OF THE QUESTION OF ISSUING SEWER BONDS IN AN AMOUNT NOT TO EXCEED $2,000,000 TO THE VOTERS OF THE CITY OF CANTON, FULTON COUNTY, ILLINOIS AT THE NONPARTISAN ELECTION TO BE HELD ON THE 8th DAY OF NOVEMBER, 1983. WHEREAS, the City Council of the City of Canton, Fulton County, Illinois (the "City"), has found and determined and does hereby find and determine that it is necessary and in the best interests of the City in order to promote, protect and safeguard the public health of the inhabitants of the City that the combined sewer system and the sanitary sewer system of the City be improved by increasing capacity thus reducing incidents of basement flooding and overflows to water- ways, by constructing relief sewers, intercepting sewers, pumping station improvements, and the rehabilitation of sewers and manholes, and by improvements to sewage treatment facilities to provide addi- tional treatment capacity and increased removal of ammonia nitrogen, BOD and suspended solids, all at an estimated cost of $7,857,300, and in accordance with the plans and estimate of cost heretofore approved by the City and now on file in the Office of the City Clerk, to include all necessary controls and other appurtenances needed to provide a complete operating sewer collection and treatment facility meeting requirements of Illinois Pollution Control Regulation; and, WHEREAS, before the City can borrow such money and issue bonds for such purpose, a question therefore must be submitted to the voters of the City and be approved by a majority of the voters of the City voting upon said question, and it is deemed adviseable, necessary and in the best interests of the City that the question therefore be sub- mitted to the voters of the City at an election to be held and con- ducted in accordance with the general election law. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CANTON, Fulton County, Illinois, as follows: 1. That it is necessary and in the best interests of the City that the combined sewer system and the sanitary sewer system of the City be improved by increasing capacity thus reducing incidents of basement flooding and overflows to waterways, by constructing relief sewers, intercepting sewers, pumping station improvements, and the rehabilitation of sewers and manholes, and by improvements to sewage treatment facilities to provide additional treatment capacity and increased removal of nitrogen, BOD and suspended solids;~.and, that it is necessary and in the best interests of the City that money be borrowed for the purpose of paying part of the cost of such construc- tion and in evidence therof bonds of the City be issued therefore in an amount not to exceed $2,000,000. • , - ' 2. That there shall be borrowed for, by and on behalf of the City a sum not to exceed $2,000,000 for the purpose of paying part of the cost of constructing sewer improvements as hereinabove described, and to evidence said loan negotiable bonds of the City shall be issued not to exceed said amount. Each of said bonds shall be designated "Sewer Bond" and bear interest from the date thereof at a rate or rates not to exceed the maximum permitted by law, the same being the greater of 9~ per annum or 125 of the rate for the most recent date shown in the 20 G.O. Bonds Index of average municipal bond yields as published in the most recent edition of The Bond Buyer, published in New York, New York, at the time the contract is made for the sale of the bonds. 3. That the question hereinabove referred to be submitted to the voters of the City in accordance with the general election law at the nonpartisan election to be held Tuesday, the 8th day of November, 1983, between the hours of 6:00 o'clock A.M. and 7:00 o'clock P.M. on said day (the "Election"). 4. That the Election shall be held in the voting precincts and at the polling places established by the County Board (the "County Board") of Fulton County, Illinois (the "County"), for voters of the City at said nonpartisan election. 5. That the County Clerk of Fulton County, Illinois (the "County Clerk") shall give notice of the Election in accordance with the general election law by publishing notice thereof once in one or more local, community newspapers published in the City, and also once in a news- paper published in the County, the date of such publications of said notice to be not more than 30 nor less than 10 days prior to the date set for the Election. 6. That it is hereby found and determined that the Canton Daily Ledger is a local, community newspaper published and having general circulation in the City, as required by Sections 12-4 and 12-5 of the Election Code of the State of Illinois. 7. That said notice shall include the following: NOTICE IS HEREBY GIVEN that at the nonpartisan election to be held on Tuesday, the 8th day of November, 1983, the following question will be submitted to the voters of the City of Canton, Fulton County, Illinois: Shall bonds in the amount of not to exceed $2,000,000 be issued by the City of Canton, Fulton County, Illinois, for the purpose of paying part of the cost of constructing imp- rovements to the City of Canton's combined sewer system and sanitary sewer system, bearing interest at the rate of•not to exceed the greater of 9~ per annum or 1250 of the rate for the most recent date shown in the 20 G.O. Bonds Index of average municipal bond yields as published in the most recent edition of The Bond Buyer, published in New York, New York, at the time the contract is made for the sale of the bonds? The polls at said election will be open at 6:00 o'clock A.M. and continued open until 7:00 o'clock P.M. of that .day. Dated at Lewistown, Illinois, this day of , 1983. County Clerk, Fulton County, ~ Illinois -2- r• 8. That the ballot to be used at the Election shall be in substantially the following form: (Face of Any Paper Ballot and Question Form for Voting Machine) OFFICIAL BALLOT QUESTION TO ISSUE NOT TO EXCEED $2,000,000 SEWER BONDS (INSTRUCTIONS TO VOTERS: Mark a cross (X) in the space opposite the word indicating the way you desire to vote.) Shall bonds in the amount of not to exceed $2,000,000 be issued by the City of Canton, Fulton County, Illinois, for the purpose of pay- ing part of the cost of constructing YES improvements to the City of Canton's combined sewer system and sanitary sewer system, bearing interest at the rate of not to exceed the greater of 9~ per annum or 125 of the rate for the most recent date shown in the 20 G.O. Bonds Index of average municipal bond yields as published NO in the most recent edition of The Bond Buyer, published in New York, New York, at the time the contract is made for the sale of the bonds? (Back of Any Paper Ballot) OFFICIAL BALLOT Official ballot for voting on the question to issue not to exceed $2,000,000 Sewer Bonds of the City of Canton, Fulton County, Illinois, at the nonpartisan election held on November 8, 1983. Precinct Number: Polling Place: (Facsimilie Signature) County Clerk, Fulton County, Illinois 9. That the election shall be conducted by the election judges appointed by the County Board to act in the voting precincts at which said question will be submitted to the voters of the City. 10. That after the adoption hereof and not less than 61 days prior to the date of the Election, the City Clerk of the City of Canton, Fulton County, Illinois, shall certify a copy hereof to the County Clerk in order that the question set forth herein may be sub- mitted to the voters of the City at the Election. -3- . ;, ~ , ~ ~ Y' 11. That the Election shall be held and conducted and the returns thereof duly canvassed, all in the manner and time as provided by the general election law. 12. That all ordinances, orders and resolutions and parts thereof in conflict herewith be and the same hereby are repealed, and that this Ordinance shall be in full force and effect immediately upon its passage by the City Council of the City of Canton, Fulton County, Illinois, and approval by the Mayor thereof. PASSED by the City Council of the City of Canton, Fulton County, Illinois, at a regular meeting this 16th day of August, 1983, upon a roll call vote as follows: AYES: Aldermen Horr, May, Carl. Sarff, Savill, Kovachevich. NAYS: None. ABSENT: Aldermen Hammond, Workman APPROVED: Donald E. Edwards, Mayor Date: August 16th, 1983 ATTEST: a Whit s, City Clerk. Recorded in the City Records on August 17th, 1983. -4 and last- C E R T I F 1 CAT E STATE OF ILLINOIS ) SS. COUNTY OF FULTON ) I, Nancy Whites, City Clerk of the City of Canton, in the County of Fulton and State of Illinois, do hereby certify that as the City Clerk of the City of Canton, I am the keeper of records, minutes, ordinances and other books, records and papers of said City, and that the foregoing is a true and ' correct copy of: ORDINANCE #987 An Ordinance Providing for and requiring the submission of the question of issuing sewer bonds in an amount not to exceed $2,000,000 to the voters of the City of Canton, Fulton County, Illinois at the nonpartisan election to be held on the 8th day of November, 1983. adopted by the City Council of said City and approved by the Mayor thereof on the 16 t h day of A u g u s t _, 19 8 3 WITNESS my hand and the Corporate Seal of the City of Canton, i•illinois this 22nd day of August 19 83 v ncy W tes, City Clerk, (S E A L)