HomeMy WebLinkAboutORD 2017-078 ORDINANCE No. 2017-078
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY
OF GRAPEVINE, TEXAS; CANVASSING RETURNS AND
DECLARING THE RESULTS OF A BOND ELECTION
HELD IN THE CITY OF GRAPEVINE, TEXAS, ON
NOVEMBER 7, 2017; DECLARING AN EMERGENCY AND
PROVIDING AN EFFECTIVE DATE
WHEREAS, the City Council (the "City Council") of the City of Grapevine, Texas
(the "City") duly authorized a bond election (the "Election") to be held within the City on
November 7, 2017, 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:
CITY OF GRAPEVINE - PROPOSITION A
"Shall the City Council of the City of Grapevine, Texas, be 2,843 Votes For
authorized to issue general obligation bonds of the City in
the amount of $3,900,000 for the purpose of providing 666 Votes Against
funds for permanent public improvements, to wit:
designing, improving, constructing, equipping and
furnishing animal shelter facilities, including the acquisition
of land 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?"
CITY OF GRAPEVINE - PROPOSITION B
"Shall the City Council of the City of Grapevine, Texas, be 3,092 Votes For
authorized to issue general obligation bonds of the City in the
amount of $16,000,000 for the purpose of providing funds for 426 Votes Against
permanent public improvements, to wit: designing,
constructing, improving, renovating, expanding, equipping,
and furnishing new Fire Station No. 2 and new Fire Station
No. 3, and the acquisition of land 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?"
CITY OF GRAPEVINE - PROPOSITION C
"Shall the City Council of the City of Grapevine, Texas, be 1,757 Votes For
authorized to issue general obligation bonds of the City in the
amount of $4,800,000 for the purpose of providing funds for 1,741 Votes Against
permanent public improvements, to wit: designing, improving,
constructing, equipping and furnishing a multi-use facility and
clubhouse at the Grapevine Municipal Golf Course; 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?"
TOTAL BALLOTS CAST IN ELECTION: 3,532
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF GRAPEVINE, TEXAS THAT:
Section 1. All of the recitals contained in the preamble of this Ordinance are
found to be true and are adopted as findings of fact by the City Council and as part of its
judgment.
Ordinance No. 2017-078 2
Section 2. It is found and determined that the results of the Election as
L 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 the Propositions and in accordance with applicable law.
Section 3. That the fact that the present ordinance and regulations of the City
of Grapevine, Texas, are inadequate to properly safeguard the health, safety, morals,
peace and general welfare of the inhabitants of the City of Grapevine, Texas, creates an
emergency for the immediate preservation of the public business, property, health,
safety and general welfare of the public which requires that this ordinance shall become
effective from and after the date of its final passage, and it is accordingly so ordained.
PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF
GRAPEVINE, TEXAS on this the 20th day of Novemb- 201
AP' - • ,
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Mayor P-. ' n
ATTEST: c,RAPF`
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Tara Brooks �`� \ , y
City Secretary __,
APPROVED AS TO FORM:
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John F. Boyle, Jr.
City Attorney
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Ordinance No. 2017-078 3