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HomeMy WebLinkAboutOrdinance 1114ORDINANCE NO. 1114 BEING AN ORDINANCE AMENDING CHAPTER 4, SECTION 28; CHAPTER 5, SECTION 45; AND G4AP~ER 7, SECTIONS 72, 72a, 72b, AND 73 The City of Columbia Heights does ordain: Section Chapter 4, Section 28 of the Charter of the City of Columbia Heights ~hich reads as follows: THE REGULAR MUNICIPAL ELECTION. A regular ntmicipal election shall be held on the first Tuesday after the first Monday in November of each odd mmmbered year at such place or places as the city oouncil may designate. At least fifteen days previous notice shall be given by the city clerk of the time and place of holding such election, and of the officers to be elected, by posting a notice thereof in at least the city's polling places, or by publishing a notice thereof at least once in the official newspaper, or both, as the council may ordain, but failure to give such notice shall not invalidate such election. At the r~gular election there shall be elected, in addition to the ntalicipal officers, two justices of the peace until such time as a municipal o~urt shall be established in the city. Shall be amended to read as follows: THE REGULAR MUNICIPAL ELECTION. A regular municipal election shall be held on the first Tuesday after the first Monday in November of each odd numbered year at such place or places as the city council may designate. At least fifteen days previous notice shall be given by the city clerk of the time and place of holding such election, and of the officers to be elected, by posting a notice thereof in at least the city's polling places, or by publishing a notice thereof at least once in the official newspaper, or both, as the council may ordain, but failure to give such notice shall not invalidate such election. Section 2.- Chapter 5, Section 45 of the Charter of the City of Columbia Heights ~hich reads as follows: RfFERENDUM PETITIONS. The requirements laid down in sections 38 and 39 above as to the formation of committees for the initiation of measures and as to the form of petitions and signature papers shall apply to the referendum as far as possible, but with such verbal changes as may be necessary. A referendum petition shall begin as follows: Pd~ERFAII3M PETITION Proposing the repeal of an ordinance [os resolution, as the case may be] to... [stating the purpose of the measure], a copy of which ordinance [or resolution] is hereto attached. This measure is sponsored by, etc. Shall be a~ended to read as follows: RfF~ PETITIONS. The requirements laid down in sections 38 and 39 above as to the formation of c~,,~ittees for the initiation of measures and as to the form of petitions and signature papers shall apply to the referee]urn as far as possible. A referend~n petition shall begin as follows: REFERf~ PETITION Proposing the repeal of an ordinance [or resolution, as the case may be] to... [stating the purpose of the measure], a copy of which ordinance [or resolution] is hereto attached. This measure is sponsored by, etc. Section 3: Chapter 7, Section 72 of the Charter of the City of Columbia Heights which reads as follows: BONEED EEBT AND DEBT LIMIT. Bonds may be issued by four-fifths vote of the council without the previous approval of the voters of the said city, but subject to the referendun powers of the people, for the purchase of real estate; for new construction for new equipment; for all improvements of a lastin~ character; for the purchase or construction of public water~Drks or fDr the enlargement of the same and for the protection and distribution of the %~ater supply; for the establishment of public lighting, heating, or power plants, and for their acquisition and equipment by purchase or otherwise; for the acquistion or construction of street railways, telegraph or telephone lines, or any other public convenience frc~ which a revenue is or may be derived; for the creation or maintenance of a permanent improv~nent fund; for the purchase or erection of needful public buildings; for establishing and maintaining Garbage cre~atories, or other means of garbage disposal; for the establishment and maintenance of hospitals, schools, libraries, museums, art galleries and oemetaries; for the construction of sewers, subways, streets, sidewalks, pave~nents, culverts, and parks and parkways and play grounds; for changing, controlling or bridging streams and other waterways within the corporate limits and constructin~3 and repairing roads and bridges within two miles of the corporate limits thereof; for the purpose of refunding outstanding bonds; for the purpose of funding floating indebtedness; and for all purposes which may be authorized by the laws of the State of Minnesota right of the city to issue bonds ~der the authority or any law heretofore and this section of the city's charter shall not be construed to limit the passed and adopted by the State of Minnesota, but no bonds shall ever be issued to pay current expenses or to refund energency debt certificates. The total bonded indebtedness of the city shall never exceed ten per cent of the last assessed valuation of the taxable property therein, including monies and credits, but in ccmputing the total bonded indebtedness, emergency debt certificates and certificates of indebtedness or bo~ds issued before or after the adoption of this charter shall not be included in or counted as part of such bonded indebtedness, if [1] held in a sinking fund maintained by the city, [2] issued for the acquisition, equipment, purchase, construction, maintenance, extension, enlargement or improvement of street railways, telegraph or telephone lines, water, lighting, heating and power plants, or either of them, or any other public convenience, from which a revenue is or may be derived, owned and operated by the city, or the acquisition or property needed in connection therewith; or for the construction of sewers, public drainage ditches, or the acquisition of lands, or for improvement of streets, parks, or other public improvements, to the extent that they are payable frcm the proceeds of assessments levied upon property specially benefited by such ditches or improvements, or [3] for the purpose of anticipating the collection of general taxes for the year in which issued. In no case shall bonds be issued to run for more than thirty years. ~he purpose for which bonds are issued shall be set forth in the ordinance authorizing them and the proceeds frcm such bonds shall not be diverted to any other purpose. Before any bonds are sold, at least one week's published notice shall be given of a meeting of the city council to open and consider bids thereof. The time and place of said meeting shall be fixed and the newspaper in which the notice shall be published shall be designated by a resolution duly passed, which may provide for additional notice. At the time and place so fixed, the bids shall be opened and the offer cc~lying with the terms of such sale and deem~=d most favorable shall be accepted: PROVIDED, that the council may reject any and all such offers and award said bonds to a more favorable bidder or upon like notice, it may invite other bids. Bids may be asked on the basis of a rate of interest specified in the proposals and on the net interest basis on which the bidder will pay par for the same. Shall be amended to read as follows: BONDED DEBT AND DEBT LIMIT. Bonds may be issued by four-fifths vote of the council without the previous approval of the voters of the said city, but subject to the referendum powers of the people, for the purchase of real estate; for new construction for new equipment; for all improv~nents of a lastir~3 character; for the purchase or construction of public waterworks or for the enlargement of the same and for the protection and distribution of the water supply; for the establishment of public lighting, heating, or power plants, and for their acquisition and equipment by purchase or otherwise; for the acquistion or construction of street railways, telegraph or telephone lines, or any other public convenience frcm which a revenue is or may be derived; for the creation or maintenance of a permanent inprove~ent fund; for the purchase or erection of needful public buildings; for establishing and maintaining Garbage cre~atories, or other means of garbage disposal; for the establishment and maintenance of hospitals, schools, libraries, muse~ns, art Galleries and cemetaries; for the construction of sewers, subways, streets, sidewalks, pavements, culverts, and parks and parkways and play Grounds; for changing, controlling or bridging strem~s and other waterways within the corporate limits and constructing and repairing roads and bridges within two miles of the corporate limits thereof; for the purpose of refunding outstanding bonds; for the purpose of fundirg floating indebtedness; and for all purposes which may be authorized by the State of Minnesota. This section shall not be construed to limit the right of the city to issue bonds under the authority of any law hereafter passed and adopted by the State of Minnesota, but no bonds shall ever be issued to pay current expenses or to refund ~nergency debt certificates. The total bonded indebtedness of the city shall never exceed ten per cent of the last assessed valuation of the taxable property therein, including monies and credits, but in ccmputing the total bonded indebtedness, emergency debt certificates and certificates of indebtedness or bonds issued .before or after the adoption of this charter shall not be included in or counted as part of such bonded indebtedness, if [1] held in a debt service fund maintained by the city, [2] issued for the acquisition, equipment, purchase, construction, maintenance, extension, enlargement or improvement of street railways, telegraph or telephone lines, water, lighting, heating and power plants, or either of them, or any other public convenience, from which a revenue is or may be derived, owned and operated by the city, or the acquisition or property needed in connection therewith; or for the construction of sewers, public drainage ditches, or the acquisition of lands, or for improv~ent of streets, parks, or other public improvements, to the extent that they are payable from the proceeds of assessments levied %~Don property specially benefited by such ditches or improvements, or [3] for the purpose of anticipating the collection of General taxes for the year in which issued. In no case shall bonds be issued to run for more than thirty years. The purpose for which bonds are issued shall be set forth in the ordinance authorizing them and the proceeds frcm such bonds shall not be diverted to any other purpose. Before any bonds are sold, at least one week's published notice shall be given of a meeting of the city council to open and consider bids thereof. The time and place of said meeting shall be fixed and the newspaper in which the notice shall be published shall be designated by a resolution duly passed, which may provide for additional notice. At the time and place so fixed, the bids shall be opened and the offer complying with the terms of such sale and deemed most favorable shall be accepted: PROVIDED, that the council may reject any and all such offers and award said bonds to a more favorable bidder or upon like notice, it may invite other bids. Bids may be asked on the basis of a rate of interest specified in the proposals and on the net interest basis on which the bidder will pay par for the same. Section 4: Chapter 7, Section 72a of the Charter of the City of Columbia Heights which reads as follows: In addition to all powers specifically granted in that re~ard by its charter or a~endments thereto, the city shall have all the powers in reference to the issuance of bonds or certificates of indebtedness provided for in respect to Cities of the Fourth Class by Chapter 10, General Statutes of Minnesota, 1913, and the Acts of the Legislature a~endatory thereof and supplemental thereto. Shall be amended to read as follows: In a~dition to all powers specifically granted in that regard by its charter or amendments thereto, the city shall have all the powers in reference to the issuance of bonds or certificates of indebtedness provided by statute. Section 5: Chapter 7, Section 72b of the Charter of the City of Columbia Heights which reads as follows: BONDED DEBT AND DEBT LIMIT. No bond shall ever be issued to pay current expenses or to refund certificates of indebtedness issued to provide for temporary deficiencies in the revenues to cover current expenses, but bonds may be issued by a four-fifths vote of the council, subject to the referendum powers of the people, for the purchase of real estate, for new equipment, and for all improvements of a lasting character. The total bonded debt of the city shall never exceed ten per cent of the assessed valuation of all the taxable property in the city, but in computing the total bonded debt, emergency debt certificates, and bonds issued prior to the adoption of this charter and either held in a sinking fund or issued for the purchase, construction, maintenance, extension enlargement, or improvements of water or lighting plants, or issued for the acquisition, equipment, purchase, construction, maintenance, extension enlargement, or improvement of water, heatirg plants or either, or any other public convenience from which a revenue is or may be derived, owned and operated by such city or village, or the acquisition of property r~ed in connection therewith, or for the improvement of streets, parks or other public improvements, to the extent that they are payable frc~ the proceeds of assessments levied %pon property especially benefited thereby, and obligations issued for the improv~nents which are payable, wholly or partly frcm the collections of special assessments levied on property benefited thereby, or for the creation or maintenance of a permanent improvement revolving fund shall not count as part of such total bonded debt. In no case will bonds be issued to run for more than thirty years. The purpose for which bonds are issued shall be set forth in the ordinance authorizing them and the proceeds frc~ such bonds shall not be diverted to any other purposes. Shall be amended to read as follows: BONDED DEBT AND DEBT LIMIT. No bond shall ever be issued to pay current expenses or to refund certificates of indebtedness issued to provide for temporary deficiencies in the revenues to oover current expenses, but bonds may be issued by a four-fifths vote of the council, subject to the referendum powers of the people, for the purchase of real estate, for new equipment, and for all improvem~ents of a lasting character. The total bonded debt of the city shall never exceed ten per cent of the assessed valuation of all the taxable property in the city, but in cc~puting the total bonded debt, emergency debt certificates, and bonds issued prior to the adoption of this charter and either held in a debt service fund or issued for the purchase, construction, maintenance, extension enlargement, or improvements of water or lighting plants, or issued for the acquisition, equipment, purchase, construction, maintenance, extension enlarg~nent, or improv~nent of water, heating plants or either, or any other public convenience from which a revenue is or may be derived, owned and cperated by such city or village, or the acquisition of property needed in connection therewith, or for the improvement of streets, parks or other public improvements, to the extent that they are payable from the proceeds of assessments levied ti)on property especially benefited thereby, and obligations issued for the improvements which are payable, wholly or partly fr~u the collections of special assessments levied on property benefited thereby, or for the. creation or maintenance of a permanent improvement revolving fund shall not count as part of such total bonded debt. In no case will bonds be issued to run for more than thirty years. The purpose for which bonds are issued shall be set forth in the ordinance authorizing them and the proceeds fr~u such bonds shall not be diverted to any other purposes. Section 6: Chapter 7, Section 73 of the Charter of the City of Columbia Heights which reads as follows: FORM AND REPAYMENT CF BONDS. Bonds issued by the city may take the fora either of term bonds or of serial bonds. In case of the issuance of any term bonds, it shall be the duty of the city manager to include in the budget estimates each year a sufficient sum, with a safe margin to spare, to set aside in a sinking fund for the repayment of the bonds at the end of the term, and another sum to pay the interest on the bonds for that year. In case of the issuance of serial bonds, it shall be the city manager's duty to include in the budget estimates each year a sum amply sufficient to pay the principal and interest on any bonds falling due that year, and another sum sufficient to pay the interest for that year on the bonds still outstanding. Shall be amended to read as follows: FORM AND REPAY~IENT CF BONDS. Bonds issued by the city may take the form either of term bonds or of serial bonds. In case of the issuance of any term bonds, it shall be the duty of the city manager to include in the budget estimates each year a sufficient sum, with a safe margin to spare, to set aside in a debt service fund for the repayment of the bonds at the end of the term, and another sum to pay the interest on the bonds for that year. In case of the issuance of serial bonds, it shall be the city manager's duty to include in the budget estimates each year a sum a~ply sufficient to pay the principal and interest on any bonds falling due that year, and another sum sufficient to pay the interest for that year on the bonds still outstanding. Section 7: This ordinance shall be in full force and effect frc~ and after ninety (90) days after its passage. First reading: Second reading: Date of passage: December 23, ]985 February lO, 1986 February lO, 1986 Offered by: Petkoff Seconded by: Paulson Roi] call: All ayes J~nne StUdent ,' Counc i l~-Secretary