Ordinance 2023-05-03 - Laserfiche WebLink

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accomplishing the Refunding and the Park and Recreational Improvements, in the maximum aggregate principal amounts described above, to be secured as described above. Section 2. The questions of issuing the Bonds shall be placed on the ballot for the election in substantially the following form: REFUNDING BONDS Bonds of the City of Batesville in one or more series in the maximum aggregate principal amount of $12,820,000 for the purpose of refunding the City's Sales and Use Tax Bonds, Series 2012 and, in order to pay the bonds, the pledge of a 0.5% local sales and use tax levied within the City by Ordinance No. 2011-12-05, adopted December 27, 2011, as it may be amended from time to time. In order to provide additional funds to pay or to further secure repayment of the bonds, the City may also pledge to the bonds the net collections of a 0.5% sales and use tax levied within the City by Ordinance No. 2011-12-03, adopted December 27, 2011. FOR................................................................................................................................ AGAINST...................................................................................................................... ❑ PARK AND RECREATIONAL IMPROVEMENT BONDS Bonds of the City of Batesville in one or more series in the maximum aggregate principal amount of $25,985,000 for the purpose of financing all or a portion of the costs of park and recreational facilities and improvements and any necessary land acquisition, demolition, furnishings, equipment and parking, lighting, landscaping, street, drainage and utility improvements related thereto and, in order to pay the bonds, the pledge of a 0.5% local sales and use tax levied within the City by Ordinance No. 2011-12-05, adopted December 27, 2011, as it may be amended from time to time. In order to provide additional funds to pay or to further secure repayment of the bonds, the City may also pledge to the bonds the net collections of a 0.5% sales and use tax levied within the City by Ordinance No. 2011-12-03, adopted December 27, 2011. FOR................................................................................................................................ ❑ AGAINST...................................................................................................................... ❑ Section 3. The election shall be held and conducted and the vote canvassed and the results declared under the law and in the manner now provided for municipal elections unless otherwise provided in the Authorizing Legislation and only qualified voters of the City shall have the right to vote at the election. 2