Ord62 1036 - Laserfiche WebLink

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� � �° � . .. . . �` . � . v � .. . r ; .. , � s... � L } '` . : „ : N_... .,,,) /��y y; L F - .. , ��Z�`�Y �,� . 4RDINANCE N0. r �-``�� AN ORDINANCE CALLING A SPECIAL MUNICIPAL BOND ELECTION IN THE CITY OF REDWOOD CITY FOR THE PURPOSE OF SUBMIT- TING TO THE ELECTORS OF SAZD CITY THE PROPOSITION OF INCURRING BONDED INDEBTEDNESS OF SAID CITY FOR THE ACQUISITION, CONSTRUCTION AND COMPLETION OF THE FOLLOW- ING MUNTCiPAL IMPROVEMENT, TO WIT: (A) FAMILY CENTER; DECLARING THE ESTIMATED COST OF SAIb MUNICIPAL IMPROVF.NIENT, THE AMOUNT OF THE PRINCIPAL OF SAID INDEBTED- NESS TO BE INCURR.ED THEREFOR, AND THE MAXII�IUM RATE OF INTEREST TO BE PAID THEREON; MAKING PROVISION FOR THE :,, LEVY AND COLLECTION OF TAXES; FIXINQ THE DATE OF SAID ELECTION, THE MANNER OF HOLDING THE SAME, PROVIDING FOR NOTTCF THEREOF, AND CONSOLIDATING SAID SPECIAL PNNICIPAL BOND EIwECTION WITH THE GENER.AL MUNICIPAL ELECTION TO BE HELD ON APRIL 10, 1g62. WHEREAS, the Council of the City of Redwood City, by resolution duly passed and adopted by affirmative vote of more than two-thirds of aIl of its members, �id determine that the public interest and necessity demand the acquisition, con- struction ana completion of the municipal improvement, herein- af�er mentioned, and did further determine the cost of said pro�osed municipal improvement will be too great to be pai� out of the ordinary annual income an� revenue of sai� munici- pality, and that said municipal improvement will require an expenditure greater than the amount allowed therefor by the annual tax levy an:i cvill requlre the incurring of a bonde�. in�ebtedness therefor, which resolution was duly entered on the minutes of sai� meeting of said Council, and is now ' ` ..� on file an� of recor�. in the Clerk� s office of sai� City; ,a�' . � 1