2012-076 Council Resolution - Laserfiche WebLink

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• objection was filed by the required number of owners) or under subdivision 4. If a petition requesting a vote on the local improvement signed by registered voters equal to at least 12 percent of the votes cast in the last general municipal election is filed with the City Clerk by the end of that 30 -day period, then the City may proceed with the local improvement, and may issue general obligation bonds to finance the local improvement, only after obtaining approval of a majority of the voters voting on the question at a general or special election. The ballot shall generally describe the proposed local improvement, the estimated principal amount of bonds to be issued to finance the local improvement, and the estimated percentage of total debt service on the bonds expected to be paid from ad valorem taxes. Subdivision 6. If the voters do not approve a local improvement and issuance of bonds therefore at an election required by subdivision 5, the provisions of Minnesota Statutes, section 475.58, subd. la shall apply. Section 4. That Chapter 8, Section 8.07, of the Lino Lakes City Charter is hereby repealed: Section 8.07. Local Improvement; Special Provisions. • Subdivision 1. Except as provided in Subdivision 3, i In the geographic areas of the City in state law. Subdivision 2. Subdivision 1 applies to land within three (3) geographic areas, each not exceeding 43 AREA NO. 1 Trunk Highway #49 (Hodgson Road) and County State Aid Highway #23 Intersection (Lake Drive) All Government Lot 1, Section 30, T31, R22, PIN. 30 31 22 210001 That part of Lots 14, 15, 16 and 17, Auditor's Subdivision No. 151 lying south and east of AREA NO. 2 Interstate I35E and County Road 242 (Main Street) Interchange Northeast one quarter (1/1) of Section 21 That part of the southeast one quarter (1/1) of Section 21 lying north of Cedar Street East one half (1/2) of the southwest one quarter (1/1) of Section 21 East one half (1/2) of the northwest one quarter (1/4) of Section 21