06-14-2007 Charter Packet - Laserfiche WebLink

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an objecting petition can be overcome by a counter -petition also filed within the 60 -day period. If a project is initiated by 100% petition, the 60 -day waiting period can be reduced to 10 days if 100% of the owners file a second petition waiving 50 of the 60 days. Referendum. Whether initiated by petition or council, the project must go to the voters if less than 100% of the cost is to be paid by special assessments "or any outside funding sources other than the general fund." Statute: No further procedures or conditions after the public hearing or receipt of 100% petition. 3. Issuance of bonds. Charter: Bonds may be issued in accordance with state law, including Chapter 429 and 475, as described below. Statute: Bonds may be issued under Chapter 429 without referendum if at least 20% of the cost of the improvement to the City is assessed against benefited property. However, under the charter, an election is required to order the project if any part of the project is paid from taxes or general fund revenues. Therefor, -Chapter 429 d.s (with .;:election), -a -r pa it -ire Lino Lakes only if the entirecost-is assessed: Bonds may also be issued for street reconstruction under Chapter 475, with unanimous vote of the council after public hearing and subject to reverse referendum: if a petition signed by voters equal to at least 5% of the votes cast in the last general election is filed within 30 days after the hearing, an election is required. This provision is available under the charter as well, provided that if part of the street reconstruction cost is paid from assessments, the charter requires an election to order the project. Therefore, street reconstruction bonds (subject to reverse referendum) are available in Lino Lakes only if no assessments are levied for the street reconstruction project. 2