7.10.090 Bonded indebtedness.
This section is included in your selections.
A. Any qualified voter may vote on a question of incurring bonded indebtedness by the city.
B. Notice of Bonded Indebtedness. Before a general obligation bond issue election, the clerk shall publish a notice at least once a week for three (3) consecutive weeks. The first notice shall be published at least twenty (20) days before the date of the election. The notice of the city’s total existing bonded indebtedness shall include:
1. The current total general obligation bonded indebtedness, including authorized but unsold bonds;
2. The cost of the debt service on the current indebtedness; and
3. The city’s total assessed property value. [Ord. 11-13 § 2.]