HomeMy WebLinkAboutResolution - 2021-R0447 - Canvassing the Returns and Declaring the Result of the November 2, 2021 Bond ElectionResolution No. 2021-R0447
Item No. 3.1
November 12, 2021
RESOLUTION CANVASSING RETURNS AND DECLARING
RESULTS OF BOND ELECTION
STATE OF TEXAS
COUNTY OF LUBBOCK
CITY OF LUBBOCK
WHEREAS, on November 2, 2021, there was held within and throughout the territory of
the City of Lubbock, Texas (the "City") an election (the "Election") at which there was submitted
to the resident, qualified electors of the City the following proposition, to -wit:
PROPOSITION A
Shall the City Council of the City of Lubbock, Texas, be authorized to issue general obligation
bonds of the City in the amount of $174,575,000 for the purpose of providing funds for permanent
public improvements, to wit: to acquire, construct and reconstruct street improvements, including
but not limited to sidewalks, utility line relocation and traffic signalization, necessary and related
storm drainage facilities and the acquisition of land and rights -of -way therefor; said bonds to
mature serially over a period of not to exceed forty (40) years from their date, to be issued in
such installments and sold at any price or prices and to bear interest at any rate or rates as shall
be determined within the discretion of the City Council under laws in effect at the time of
issuance, and to provide for the payment of the principal of and interest on said bonds by levying
a tax sufficient to pay the annual interest on and to create a sinking fund sufficient to redeem said
bonds as they become due?
WHEREAS, the tabulation of the results of the Election on Proposition A was as follows:
7,786 Votes For
9,273 Votes Against
IT IS, THEREFORE, RESOLVED AND ORDERED BY THE CITY COUNCIL OF
THE CITY OF LUBBOCK, TEXAS THAT:
Section 1. Election Results. The Election was duly called and notice thereof given
in accordance with law; the l,lcction was held in the manner required by law; only resident,
qualified electors of the City voted at the Election; a written return of the election results was
made to the City in accordance with the Election Code; and a majority of the resident, qualified
electors of the City voting in the Election, including absentee voting, voted "FOR" or
"AGAINST" Proposition A as noted above.
Section 2. Tabulation of Votes. The official returns shall be delivered to the City
Secretary, who is hereby directed to enter in the Election register the tabulation of the votes cast
for and against Proposition A and to preserve such tabulations as required by law.
Section 3. Notice of Meeting. It is hereby found, determined and declared that a
sufficient written notice of the date, hour, place and subject of the meeting of the City Council at
which this Resolution was adopted was posted at a place convenient and readily accessible at all
4145-2059-5505.3
times to the general public at the City Hall of the City for the time required by law preceding this
meeting, as required by the Open Meetings Act, Chapter 551, Texas Government Code, as
amended, and that this meeting has been open to the public as required by law at all times during
which this Resolution and the subject matter thereof has been discussed, considered and formally
acted upon. The City Council further ratifies, approves and confirms such written notice and the
contents and posting thereof.
Section 4. Effective Date. This Resolution is effective immediately upon its passage
and approval.
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4145-2059-5505.3
PASSED AND APPROVED the I2th day of November 2021.
CITY OF LUBB , TEXAS
DANIEL M. POPE, MAYOR
ATTEST:
Re cca Garza, City Sec t y
APPROVED AS TO CONTENT:
Reber a Garza, City Secr t
APPROVED AS TO FORM:
Jerry V. yle, Jr., Bond Counsel
4145-2059-5505.3