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Item # 1.
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| Town Council Regular Session |
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| Information |
| SUBJECT: |
| PUBLIC COMMENT: RESOLUTION NO. (R)17-17, ORDERING AND CALLING A SPECIAL BOND ELECTION TO BE HELD IN AND FOR THE TOWN OF ORO VALLEY, ARIZONA, ON NOVEMBER 7, 2017, TO SUBMIT TO THE QUALIFIED ELECTORS THEREOF THE QUESTION OF AUTHORIZING THE ISSUANCE AND SALE OF GENERAL OBLIGATION BONDS AND A SECONDARY PROPERTY TAX AS SECURITY FOR IMPROVEMENTS FOR NARANJA PARK |
| RECOMMENDATION: |
| N/A |
| EXECUTIVE SUMMARY: |
The purpose of this item is for Council consideration of the adoption of Resolution No. (R)17-17, ordering and calling for a special bond election to be held in Oro Valley on November 7, 2017, to submit to the voters of Oro Valley the question of authorizing the issuance and sale of general obligation (GO) bonds and a secondary property tax as security in the amount of $17,000,000 to fund the design, construction, improvement, furnishing and equipping of multi-sport fields, diamond fields, a playground and associated infrastructure and amenities for Naranja Park.
The full text of the proposed ballot question can be found in Exhibit "A" of Attachment 1.
Should Council proceed with calling the special bond election for November 7, 2017, an informational pamphlet will be prepared and mailed to each household with a registered voter not less than 35 days before the date of the election.
Any persons wishing to submit an argument "for" or "against" the bond question may do so by following all of the requirements listed in Exhibit "B" of Resolution No. (R)17-17 (Attachment 1). The filing period for submitting arguments "for" or "against" the issuance of the bonds shall be from July 10, 2017, through July 21, 2017, by 5:00 p.m.
The deadline to register to vote in the November 7, 2017 special bond election is Monday, October 9, 2017.
Should the Call for Election be approved, the November 7, 2017 special bond election will be conducted as a polling place election. The polls will be open from 6:00 a.m. until 7:00 p.m. on Election Day. Registered voters that have signed up for the Permanent Early Voter List (PEVL) will automatically receive an early ballot by mail. Registered voters that have made a single request to receive an early ballot for only the November 7, 2017 special bond election will receive an early ballot by mail. |
| BACKGROUND OR DETAILED INFORMATION: |
At the April 19, 2017 Town Council meeting, Town Council moved to direct staff to prepare for the possible formal call for the November 7, 2017 special bond election.
Attached to this communication is the April 19, 2017 Council Communication (Attachment 2), the project background information from the April 5, 2017 Council Communication (Attachment 3), Naranja Park Conceptual Design (Attachment 4), Community Request Media Release (Attachment 5), Your Voice, Our Future General Plan park and field references (Attachment 6) and the Park User Group and Field Usage document (Attachment 7). |
| FISCAL IMPACT: |
Per cost estimates from the Pima County Recorder and the Pima County Elections Department, $145,000 has been included in the FY 2017/18 budget to pay for the special election costs.
Construction and Operation & Maintenance costs associated with the proposed bond project may be found in Attachment 3. |
| SUGGESTED MOTION: |
| I MOVE to (approve or deny) Resolution No. (R)17-17, ordering and calling a special bond election to be held in and for the Town of Oro Valley, Arizona, on November 7, 2017, to submit the decision to the qualified electors thereof the question of authorizing the issuance and sale of General Obligation Bonds and secondary property tax as security in the amount of $17,000,000 for the improvements for Naranja Park. |
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