HomeMy WebLinkAboutResolution - 2009-R0504 - Canvassing Returns And Declaring Results Of A Bond Election - 11/12/2009Resolution No. 2009—RO504
November 12, 2009
Item No. 2.5
A RESOLUTION CANVASSING RETURNS AND
DECLARING THE RESULTS OF A BOND ELECTION
HELD IN THE CITY OF LUBBOCK, TEXAS, ON
NOVEMBER 3, 2009
WHEREAS, the City Council (the "City Council") of City of Lubbock, Texas
(the "City"), duly authorized a bond election (the "Election") to be held within the
City on November 3, 2009, for the purpose of submitting to the resident qualified
electors of the City the propositions hereinafter set forth; and
WHEREAS, the City Council has investigated all matters pertaining to the
Election, including the ordinance calling the Election, giving notice, appointing
officers, holding and making returns of the Election; the election officers who held the
Election have duly made the returns of the results thereof; and said returns have been
duly delivered to the City Council for official canvassing of the returns thereof; and
WHEREAS, upon the consideration of the returns of the Election, it is hereby
found and determined that the same was held in accordance with the authorizing
proceedings and was in all respects legally held after due notice had been given, and
the returns duly and legally made, and other instruments, showed the following
results:
PROPOSITION NO. 1
"Shall the City Council of the City of Lubbock,
Texas, be authorized to issue general obligation
bonds of the City in the amount of $43,085,000 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"?"
US 1270290
11,991 VOTES FOR
6,628 VOTES AGAINST
PROPOSITION NO. 2
"Shall the City Council of the City of Lubbock,
Texas, be authorized to issue general obligation
bonds of the City in the amount of $7,500,000 for
the purpose of providing funds for permanent
public improvements, to wit: to construct, acquire
and improve firefighting facilities and equipment,
including the acquisition of land and interest in land
in connection therewith; 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?"
PROPOSITION NO. 3
"Shall the City Council of the City of Lubbock,
Texas, be authorized to issue general obligation bonds
of the City in the amount of $1,200,000 for the
purpose of providing funds for permanent public
improvements, to wit: to construct, acquire and
improve water recreation and related park facilities,
including the acquisition of land and interests in land
in connection therewith; 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?"
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14,030 VOTES FOR
4,584 VOTES AGAINST
7,614 VOTES FOR
10,968 VOTES AGAINST
PROPOSITION NO.4
"Shall the City Council of the City of Lubbock,
Texas, be authorized to issue general obligation
bonds of the City in the amount of $9,000,000 for
the purpose of providing funds for permanent
public improvements, to wit: to construct, acquire,
improve and equip soccer facilities for the youth
sports complex, including the acquisition of land
and interests in land in connection therewith; 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?"
7,778 VOTES FOR
10,883 VOTES AGAINST
TOTAL BALLOTS CAST IN ELECTION: 19,013
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF
THE CITY OF LUBBOCK, TEXAS THAT:
Section 1. All of the recitals contained in the preamble of this Resolution are
found to be true and are adopted as findings of fact by the City Council and as part of
its judgment.
Section 2. It is found and determined that the results of the Election as
canvassed and tabulated in the preamble hereof reflect the expressed desires of the
electors. Based on the results of the Election, the City is authorized to issue its bonds
with respect to Propositions No. 1 and 2 in accordance with applicable law.
Propositions No. 3 and 4 having received less than a majority vote in favor thereof, no
bonds shall be issued for the purposes described therein.
Section 3. This Resolution shall take effect immediately upon its passage and
approval.
US 127029v.2
PRESENTED, FINALLY PASSED AND APPROVED, AND EFFECTIVE on the
12th day of November, 2009, at a special meeting of the City Council of the City of
Lubbock, Texas.
TOM MARTIN, Mayor
ATTEST:
REB CA GARZA, City Secre
[SEAL]
APPROVED AS TO FORM:
LINDA CHAMALES,
Economic Development Attorney
127029v.2