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HomeMy WebLinkAboutRES.1204.10-07-1996 �. , BILL NO. 96-285 RESOLUTION NO. ���U� A RESOLUTION APPROVING A DEBT STATEMENT FOR THE CITY OF CAPE GIRARDEAU,MISSOURI. WHEREAS, Section 6.14 of the Charter of the City of Cape Girardeau, Missouri, requires the preparation of a debt statement prior to the holding of an election at which the question of incurring any "indebtedness" is submitted to the voters; and WHEREAS, although the term "indebtedness" means general obligation bonds under Missouri law, the City Council nevertheless deems it desirable to henceforth prepare and publish in accordance with the requirements of Section 6.14 of the Charter a debt statement prior to the holding of an election providing for the issuance of any bonds, notes or other obligations of the City; and WHEREAS, on August 19, 1996, the City Council adopted Ordinance No. 2033, calling an election on the question of issuing $26,500,000 principal amount of waterworks revenue bonds of the City; and WHEREAS, the 1996-1997 Annual Budget for the City, which was adopted by the City Council on June 17, 1996, by Ordinance No. 1979 and placed on file in the office of the City Clerk and available for public inspection, sets forth detailed information pertaining to all outstanding obligations of the City; and WHEREAS, the City has restated such information in a format that is suitable for publication in accordance with the requirements of Section 6.14 of the Charter, such information having been prepared by the City Manager, sworn to and filed for public inspection in the office of the City Clerk, as required by Section 6.14; NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF CAPE GIRARDEAU,MISSOURI,AS FOLLOWS: Section 1. The City Council approves the Debt Statement dated August 31, 1996, attached hereto. Section 2. The Deputy City Clerk is hereby authorized and directed to forward to the County Clerk of Cape Girardeau County, Missouri, a copy of the Debt Statement, in order to provide for the publication of the Debt Statement with the Notice of Bond Election approved by Ordinance No. 2033 of the City, as required by Section 6.14 of the Charter. Section 3. The officers of the City, including the Mayor and Deputy City Clerk, are hereby authorized and directed to take such actions as they may deem necessary or advisable in order to carry out and perform the purposes of this Resolution. Section 4. This Resolution shall be in full force and effect from and after its passage and approval. A PASSED by the City Council and APPROVED by the Mayor this 7th day of October, 1996. 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