RES 16-51City of M
�1k
Resolution leo. I6-51
Resolution Determining the Necessity for the Issuance of
Ceneral Obligation Bonds and Calling a Special Election
Thereon
BE IT RESOLVED by the City Council (the "City Council' of the City of Elk River, Sherburne
County, Minnesota (the "City"), as follows:
1. The City Council hereby finds and determines that:
(a) the City proposes to acquire and construct a multipurpose community center and
related betterments and certain park improvements (collectively, the "Project");
(b) the City is authorized by the provisions of the Minnesota Statutes, Chapter 475, as
amended (the "Bonding Act"), to issue its obligations to fmance the Project, in whole or in part, and to
pledge its full faith, credit and taxing powers to the payment of such obligations, upon approval of a
majority of the voters voting on such a proposal at a regular or special election;
(c) it is necessary and expedient to the sound financial management of the affairs of the
City that the Project be financed in whole or in part by the issuance and sale of the City's general
obligation bonds pursuant to the Bonding Act in an aggregate principal amount not to exceed
$34,000,000.
2. The proposition for the issuance of bonds for the Project will be submitted to the voters of the
City at a special election, to be held in conjunction with the regularly scheduled general election, to be held on
November 8, 2016. The election will be held and conducted in accordance with the laws of the State of
Minnesota relating to special municipal elections.
3. The City Clerk is directed to cause a sample ballot in substantially the form attached as Exhibit
A and a notice of election in substantially the form attached as Exhibit B to be posted, published, and delivered
as required by law as follows:
(a) The notice of election will be delivered to the County Auditor of Sherburne County,
Minnesota, at least 74 days prior to the election, pursuant to Minnesota Statutes, Section 205.16,
Subdivision 4, together with a written request to notify the Secretary of State of the election at least 74
days prior to the election pursuant to Minnesota Statutes, Section 205.16, Subdivision 5;
(b) The notice of election shall be published in the official newspaper of the City, the first
publication at least two weeks prior to the election and the second at least one week before the election,
pursuant to Minnesota Statutes, Section 205.16, subdivision 1.
(c) The sample ballot shall be published in the official newspaper of the City, the first
publication at least two weeks prior to the election and the second at least one week before the election,
pursuant to Minnesota Statutes, Section 205.16, subdivision 2.
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(d) The sample ballot will be made available for public inspection in the office of the City
Clerk at least two weeks prior to the election and will be posted in the polling; place on election day, all
pursuant to Minnesota Statutes, Section 205.16, subdivision 3.
4. The polling place or places and voting hours for the election will be those polling places and
voting hours previously established for regular City elections.
5. The City Clerk is authorized and directed to prepare the ballot in substantially the form
attached as Exhibit A, and in accordance with all requirements of Minnesota Statutes, Section 205.17 and
Minnesota Administrative Rules, Chapter 8250.
6. The City Council shall meet in the City Hall on November 14, 2016, at 8:00 a.m., to canvass
the results of the election and to declare the results thereof.
Adopted by the City Council of the City of Elk River, Minnesota, on this 15th day of August, 2016.
WiJ-Pa
Mayor
ATTEST:
Tina Allar , City Cler
484529v1 JSB KG400-1 A-2
EXHIBIT A
FORM OF BALLOT
CITY QUESTION BALLOT
CITY OF ELK RIVER
SPECIAL ELECTION
November 8, 2016
INSTRUCTIONS TO VOTERS: To vote for a question, completely fill in the oval next to the word "YES"
for that question. To vote against a question, completely fill in the oval next to the word "NO" for that
question.
CITY QUESTION NO. 1:
GENERAL OBLIGATION BONDS FOR COMMUNITY CENTER AND PARK
IMPROVEMENTS
Shall the City of Elk River be authorized to issue its general obligation bonds, including any bonds
issued to refund such bonds, in an amount not to exceed $30,000,000 to provide funds for the
acquisition, construction and betterment of a multipurpose community center and park
improvement projects?
BY VOTING "YES" ON THIS BALLOT QUESTION, YOU ARE VOTING FOR A
PROPERTY TAX INCREASE.
YES
NO
CITY QUESTION NO. 2:
GENERAL OBLIGATION BONDS FOR YEAR-ROUND PROGRAMMABLE ATHLETIC
SPACE
If Question No. 1 is approved, shall the City of Elk River also be authorized to issue its general
obligation bonds, including any bonds issued to refund such bonds, in an additional amount not to
exceed $4,000,000 to provide funds for the acquisition, construction and betterment of a year-round
programmable athletic space project?
BY VOTING "YES" ON THIS BALLOT QUESTION, YOU ARE VOTING FOR A
PROPERTY TAX INCREASE.
YES
NO
4845290 JSB KG400-1 A_3
EXHIBIT B
NOTICE OF SPECIAL ELECTION
NOTICE OF SPECIAL ELECTION
CITY OF ELK RIVER
SHERBURNE COUNTY, MINNESOTA
NOTICE IS HEREBY GIVEN that a special election will be held in and for the City of Elk River,
Sherburne County, Minnesota, on Tuesday, the 8th day of November, 2016, at which the following proposition
will be submitted to the voters of the City for their approval or rejection:
CITY QUESTION NO. 1:
GENERAL OBLIGATION BONDS FOR COMMUNITY CENTER AND PARK
IMPROVEMENTS
Shall the City of Elk River be authorized to issue its general obligation bonds, including any bonds
issued to refund such bonds, in an amount not to exceed $30,000,000 to provide funds for the
acquisition, construction and betterment of a multipurpose comrnutnity center and park
improvement projects?
BY VOTING "YES" ON THIS BALLOT QUESTION, YOU ARE VOTING FOR A
PROPERTY TAX INCREASE.
CITY QUESTION NO. 2:
GENERAL OBLIGATION BONDS FOR YEAR-ROUND PROGRAMMABLE ATHLETIC
SPACE
If Question No. 1 is approved, shall the City of Elk River also be authorized to issue its general
obligation bonds, including any bonds issued to refund such bonds, in an additional amount not to
exceed $4,000,000 to provide funds for the acquisition, construction and betterment of a year-round
programmable athletic space project?
BY VOTING "YES" ON THIS BALLOT QUESTION, YOU ARE VOTING FOR A
PROPERTY TAX INCREASE.
The precincts and polling places for this special election are those precincts which have been
established by the City for state general elections. The polling places for said election are as follows:
Ward 1, Precinct IA
Elk River City Hall
Ward 1, Precinct 1B
United Methodist Church
Ward 2, Precinct 2A
River of Life Church
Ward 2, Precinct 2B
Meadowvale School
Ward 3, Precinct 3A
Activity Center
Ward 3, Precinct 3B
Lions Park Center
Ward 4, Precinct 4A
Church of Saint Andrew
Ward 4, Precinct 4B
Twin Lakes Christian Assemblies of
God Church
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13065 Orono Parkway
1304 Main Street NW
21695 Elk Lake Road NW
12701 Elk Lake Road NW
413 Proctor Avenue NW
1104 Lions Park Drive NW
566 — 46 Street NW
18912 Twin Lakes Road NW
The polling places for said election will be open at 7:00 a.m. and will remain open until closing at 8:00 p.m. Any
qualified registered voter of the City is entitled to vote at said election, and any resident of the City not
previously registered as a voter may register on election day.
Dated: C� �`J 2016.
484529v] 3SB KG400-1 B_2
BY O ITY COUNCIL
s
City Clerk