ORDINANCE NO. 3158

AN ORDINANCE CALLING

A SPECIAL MUNICIPAL BOND ELECTION

TO BE HELD IN THE CITY OF AUBURN

ON THE QUESTIONS OF THE ISSUANCE OF

CERTAIN GENERAL OBLIGATION BONDS OF THE CITY

BE IT ORDAINED by the Mayor and City Council (the "Council") of the City of Auburn (the "City"), in the State of Alabama, as follows:

Section 1. Findings by the Council. The Council has ascertained and does hereby find and declare that, in the opinion of the Council, it is desirable and in the public interest that the

City design, acquire, provide, equip, construct and finance various public capital improvements, assets, equipment, and land in the City which are described in the proposition set out in

Section 2 of this Ordinance, and that it will be necessary for the Council to call a special election in the City in order to submit to the qualified electors of the City, for their determination

by ballot, whether the City shall be authorized to issue on its credit its general obligation bonds for the said purposes. The Council estimates the period of usefulness of the said

improvements which are described in Section 2 of this Ordinance to be in excess of thirty (30) years.

Section 2. Call of Election. A special municipal election is hereby called to be held in the City on Tuesday, July 23, 2019, being the fourth Tuesday in the month of July, 2019, between the

legal hours for the holding of elections in the City, for the purpose of submitting to the qualified electors of the City, for their determination by ballot, the following proposition:

Whether the City shall be authorized to issue, on its credit, its general obligation bonds to the extent of $46,090,000 in principal amount for the purpose of (i) acquiring real property for

public school purposes, (ii) demolishing, renovating and expanding portions of existing public school facilities, (iii) making public roadway improvements and site improvements for public

school purposes, (iv) designing, acquiring, providing, equipping, constructing and financing public school facilities, (v) paying the costs of various other public capital improvements,

equipment and assets for public school and related purposes within the City, and (vi) paying the costs of issuing such bonds, which such bonds shall bear interest at a rate or rates not

exceeding 6% per annum, payable as to interest semiannually, and shall be payable as to principal in installments in the following respective principal amounts on November 1 in the

following respective years: 2020, $680,000, 2021, $715,000; 2022, $750,000; 2023, $790,000; 2024, $830,000; 2025, $870,000; 2026, $915,000; 2027, $965,000; 2028, $1,010,000; 2029, $1,065,000; 2030,

$1,120,000; 2031, $1,175,000; 2032, $1,235,000; 2033, $1,300,000; 2034, $1,365,000; 2035, $1,435,000; 2036, $1,510,000; 2037, $1,585,000; 2038, $1,670,000; 2039, $1,755,000; 2040, $1,845,000; 2041, $1,940,000;

2042, $2,040,000; 2043, $2,145,000; 2044, $2,255,000; 2045, $2,370,000; 2046, $2,490,000; 2047, $2,620,000; 2048, $2,750,000; and 2049, $2,895,000.

Section 3. Notice of Election. The Mayor and the City Manager are each hereby authorized and directed to give notice in the manner required by law in substantially the following form,

by publication in the The Auburn Villager, a newspaper published in Lee County and having general circulation in the City, and in the Opelika-Auburn News, a newspaper published in

Lee County and having general circulation in the City, once a week for three successive weeks, the first publication to be made not later than May 10, 2019:

NOTICE OF SPECIAL MUNICIPAL ELECTION

Notice is hereby given that a special municipal election will be held in the City of Auburn in the State of Alabama on July 23, 2019, between the legal hours for the holding of elections in the

said City, at which there will be submitted to the qualified electors of the said City, for their determination by ballot, the following proposition:

PROPOSITION

Whether the City shall be authorized to issue, on its credit, its general obligation bonds to the extent of $46,090,000 in principal amount for the purpose of (i) acquiring real property for

public school purposes, (ii) demolishing, renovating and expanding portions of existing public school facilities, (iii) making public roadway improvements and site improvements for public

school purposes, (iv) designing, acquiring, providing, equipping, constructing and financing public school facilities, (v) paying the costs of various other public capital improvements,

equipment and assets for public school and related purposes within the City, and (vi) paying the costs of issuing such bonds, which such bonds shall bear interest at a rate or rates not

exceeding 6% per annum, payable as to interest semiannually, and shall be payable as to principal in installments in the following respective principal amounts on November 1 in the

following respective years: 2020, $680,000, 2021, $715,000; 2022, $750,000; 2023, $790,000; 2024, $830,000; 2025, $870,000; 2026, $915,000; 2027, $965,000; 2028, $1,010,000; 2029, $1,065,000; 2030,

$1,120,000; 2031, $1,175,000; 2032, $1,235,000; 2033, $1,300,000; 2034, $1,365,000; 2035, $1,435,000; 2036, $1,510,000; 2037, $1,585,000; 2038, $1,670,000; 2039, $1,755,000; 2040, $1,845,000; 2041, $1,940,000;

2042, $2,040,000; 2043, $2,145,000; 2044, $2,255,000; 2045, $2,370,000; 2046, $2,490,000; 2047, $2,620,000; 2048, $2,750,000; and 2049, $2,895,000.

The said election shall be held at the following regularly established voting places in the said City:

Wards 1 and 2: Boykin Center Gymnasium, 400 Boykin Street

Wards 3 and 4: Frank Brown Recreation Center, 235 Opelika Road

Wards 5 and 6: Dean Road Recreation Center, 307 South Dean Road

Wards 7 and 8: Clarion Inn & Suites University Center, 1577 South College Street

Absentee Ballot Box Auburn City Hall

144 Tichenor Avenue

By order of the City Council.

Ron Anders, Jr., Mayor

Section 4. Form of Ballot. The Official Ballot to be used at said election shall be in substantially the following form, except that the two paragraphs following the proposition and expressing the choice of the voters with respect to the proposition immediately preceding the same shall be placed opposite the proposition on the ballot:

FORballot
AGAINSTballot

 

The form of the official absentee ballot to be used at the said election shall be the same as the foregoing form of the official ballot with the following exceptions:

In lieu of the words "Official Ballot" appearing at the head of the form thereof, there shall be inserted in the official absentee ballot the words "Official Absentee Ballot"; and there shall be

added to the end of the official absentee ballot the forms of affidavit for absent voters substantially equivalent to the forms of affidavit prescribed therefor by law.

Section 6. Voting Places. The polling or voting places for the said election in the several wards in the City are hereby designated as and shall be the respective voting places that are set

out in the Notice of the Election provided for in Section 3 of this Ordinance. The Council will appoint at a later meeting as provided by law, from the qualified electors of the respective

wards, the required election officials to conduct the said election at the several voting places in the said wards.

APPROVED this 9th day of May, 2019.

/s/ Ron Anders, Jr., Mayor

ATTEST:

/s/ James C. Buston, III, City Manager

The Villager

May 16, 2019

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