HomeMy WebLinkAbout2001-017-02/06/2001-SUBMITTING A BALLOT ISSUE TO THE REGISTERED ELECTORS OF THE PROPOSED THE RIDGE SPECIAL IMPROVEMENT DRESOLUTION 2001-17
OF THE COUNCIL OF THE CITY OF FORT COLLINS
SUBMITTING A BALLOT ISSUE TO THE REGISTERED ELECTORS OF
THE PROPOSED THE RIDGE SPECIAL IMPROVEMENT DISTRICT NO.93
AS PART OF THE REGULAR CITY ELECTION ON
APRIL 3,2001
WHEREAS,Chapter 22,Article III of the City Code empowers the City to establish special
improvement districts,and sets forth procedures and requirements for forming and organizing special
improvement districts and providing for the improvements to be constructed thereby,and for the
assessment of costs associated with those improvements;and
WHEREAS,the Council has received petitions from property owners in the area (the
“Petitioners”)of the proposed THE RIDGE SPECIAL IMPROVEMENT DISTRICT NO.93,more
specifically described on Exhibit “A”,attached hereto and incorporated herein by this reference (the
“District”),requesting that the Council initiate proceedings for the creation of a special improvement
district for the purpose of acquiring,constructing,and installing street pavement,curb,gutters,street
lighting,storm drainage,an irrigation ditch crossing and other necessary appurtenances in the City
of Fort Collins,Colorado,as more particularly described below (the “Improvements”);and
WHEREAS,on this same date,the Council has approved Resolution 2001-16,Accepting the
Petitions of Property Owners Regarding the Initiation of The Ridge Special Improvement District
No.93;Stating the Need For,and the Location of the Improvements to Be Made;Describing the
Area to Be Assessed for the Same;and Directing the Director of Community Planning and
Environmental Services to Prepare and Present to the City Council the Necessary Information For
the Formation of Said District;and
WHEREAS,Article X,Section 20 of the Colorado Constitution (“TABOR”),requires voter
approval in advance for the creation of any multiple-fiscal year direct or indirect debt,except when
certain specified exceptions apply;and
WHEREAS,in order to finance the acquisition,construction,and installation of the
Improvements,the Petitioners have proposed the issuance of special assessment bonds payable solely
from special assessments levied against properties located within the proposed District,to finance
the costs of acquiring,constructing and installing the Improvements consistent with the purposes of
the proposed District;and
WHEREAS,in order to issue such special assessment bonds,the City is required to obtain
the approval of a majority of the electors of the proposed District,as defined in Section 31-25-
501(1.7),Colorado Revised Statutes,that is,those persons registered to vote in the general elections
in the State of Colorado and either residing the proposed District or owning (or married to a person
owning)taxable real or personal property within the proposed District;and
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WHEREAS,Article X,Section 3 of the Charter of the City of Fort Collins provides that the
Council may,without petition therefor,submit any question to the vote of the people at a regular or
special election;and
WHEREAS,a regular municipal election is scheduled to beheld on Tuesday,April 3,2001,
and a local ballot issue pursuant to TABOR may properly be placed on the ballot as part of that
regular municipal election;and
WHEREAS,the purpose of this Resolution is to exercise the Council’s authority to submit
to the vote of the electors of the proposed District,a ballot issue regarding the proposed issuance by
the City of special assessment bonds payable solely from special assessments levied against
properties located within the proposed District,to finance the costs of acquiring,constructing and
installing the Improvements consistent with the purposes of the proposed District.
NOW,THEREFORE,BE IT RESOLVED BY THE COUNCIL OF THE CITY OF FORT
COLLINS as follows:
Section 1.That there is hereby submitted to the electors of the proposed District,as
defined in Section 3 1-25-501(1.7),C.R.S.,at the next regular City election to be held on April 3,
2001,the following ballot issue:
CITY-INITIATED BALLOT ISSUE
FOR THE ISSUANCE OF SPECIAL ASSESSMENT BONDS
FOR THE PROPOSED THE RIDGE
SPECIAL IMPROVEMENT DISTRICT NO.93
SHALL CITY OF FORT COLLINS DEBT BE INCREASED BY NOT MORE THAN
$1,100,000 IN PRINCIPAL AMOUNT,WITH A REPAYMENT COST OF NOT MORE
THAN $2,024,000 TOTAL PRINCIPAL AND INTEREST,BY THE ISSUANCE OF
SPECIAL ASSESSMENTBONDS,PAYABLESOLELYFROMSPECIALASSESSMENTS
LEVIED AGAINST PROPERTIES LOCATED WITHIN THE PROPOSED CITY OF FORT
COLLINS,COLORADO,THE RIDGE SPECIAL IMPROVEMENT DISTRICT NO.93,TO
FINANCE THE COST OF ACQUIRING,CONSTRUCTING AND INSTALLING STREET
IMPROVEMENTS,INCLUDING EARTHWORK,RECONSTRUCTION,ASPHALT
PAVING,CURBS AND GUTTERS,DRAINAGE,STREET LIGHTING,AN IRRIGATION
DITCH CROSSING AND OTHER NECESSARY,INCIDENTAL OR APPURTENANT
PROPERTIES OR FACILITIES,SUCH BONDS TO MATURE,BEAR INTEREST AND BE
CALLABLE FOR REDEMPTION PRIOR TO MATURITY,WITH OR WITHOUT A
PREMIUM,AS MAY LATER BE DETERMINED BY THE CITY COUNCIL?
_YES
____NO
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Section 2.That the City Clerk is hereby directed to accept comments submitted in favor of
and in opposition to the foregoing ballot measure from those persons eligible to vote thereupon
through the end of the business day on February 16,2001,in accordance with Section 1-7-901,
C.R.S.,and to summarize any such comments received in accordance with Section 1-7-903,C.R.S.
Passed and adopted at a regular meeting of the Council of the C~yof Fort Collins held this
6th day of February,A.D.2001.V
Mayor
ATTEST:
Ciflk~~
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Exhibit “A”
The Ridge Special Improvement District No.93
All of the property located within the plat of The Ridge P.U.D.,a plat of record with
the Clerk and Recorder of Larimer County,located in the East Half of Section 3
Township 6 North,Range 69 West of the Sixth Principal Meridian,City of Fort
Collins,Larimer County,Colorado,excepting Lot 21,Lot 22 and Tract ‘H”,together
with all of the property located within the plat of The Amended Plat of Lot 21,Lot
22,And Tract “H”of The Ridge P.U.D.,a plat of record with the Clerk and Recorder
of Larimer County,located in the East Half of Section 3 Township 6 North,Range
69 West of the Sixth Principal Meridian,City of Fort Collins,Larimer County,
Colorado.
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