HomeMy WebLinkAboutAgenda Bill 05/07/2001 (16) •
CITY"OF;PETALUMAy CALIFORNIA; MAY 0 7 2001 •
AGENDA "BILL
genda.Title: Resolution Authorizing Revision.of City of Meeting:Date:
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Petaluma Municipal Code, Section,11,12.150,to Include"All April 16, 2001
' Streets Within the,McNear Landing Residential Subdivison. •
-Department: Director Contact Person: Phone Number
Police Department Chief :: ;Sergeant 778-4477
,1411-\Par Matthew Stapleton
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Cost of Proposal: $ 0.00 AccountNumber:N/A
'Amount Budgeted: $0.00 Name:of Fund: N/A
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Attachments to Agenda Packetatein: •
I. VC 21107.5
II. Letter bf Request
III. Resolution
IV. Map
V. Letter to Homeowners
4iiummary Statement:
The Board of Directors of the McNear Landing Owners Association has requested an amendment to
Petaluma Municipal Code 11.12,150 to include all streets within the McNear Landing residential
subdivision. The Board of Directors,on behalf of the membership of the Board, has asked that the Police
and Fire Department receive authority, as provided m VC 21107:6, to enforce Vehicle Code provisions
within the subdivision. ' Per VC 21107:6, a city may, by ordinance, enact such ordinance (PMC
11.12.120). The City of Petaluma Municipal code 11.12.150 identifies certain properties within the City
of Petaluma wherein this authority hasbeen previously granted. It is the intent of this proposal that all
streets within the McNear Landing,subdivisionbeadded to PMC 11.12.150.
As noted in VC'21107.5, no requirement to provide patrol or enforcement will attach to this request. The
McNear Landing Owners Association will,assume complete responsibility for the placement of signs as
necessary and will remain responsible for all maintenance,associated with the roadways. A copy of this
proposal has been forwarded to the Board of Directors of the McNear Landing Owners Association as
required per VC211.07.5 (c). •
Recommended•City Coated Action/Suggested Motion: • • •
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Approval of Resolution
eviewed'bv Finance Director: Reviewed by City_Attornev: Approved by City Manager:
Date: ' •-
Date:
Todav's.Date: Revision# and •ate Revised: F e • de:
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CITY OF'PETALUIVIA,,CALIFORNIA
APRIL 16 2001
AGE NDA REPORT
• for.
Amendment of PMC 11.1.2.150
McNear Landing.
Private Road.Enforcement'per'VC.21107.5
I. EXECUTIVE SUMMARY:
The Board of Directors of the McNear Landing Owners Association(hereinafter referred to as
The Board) has requested a amendment to Petaluma Municipal'Code 11.12:150 to include all
streets within •the McNear Landing, residential subdivision. The Board, on behalf of the
• membership of the Board, has asked that the Police and-Fire-Department receive authority, as ..
provided in VC .21107:6, to enforce Vehicle Code provisions within the subdivision. Per VC
21107.6, a city may, by ordinance, enact such ordinance (PMC 1 1.12:120).. The City of
Petaluma Municipal code 11:12,150 -identifies certain properties within the City of Petaluma
wherein this authority has been•previously granted. It'is the intent of this'proposal that all streets
within the McNeal.Landing subdivisi'onbe added to PMC 11.12.1'50.
• As noted•in VC 21107.5, no requirement to provide patrol or enforcement will attach to this
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• request. The McNear Landing Owners Association will'assume complete responsibility for•the •
• placement of``signs as necessary and will remain responsible for all maintenance associated with
the roadways. A copy of this proposal has been forwarded to The Board as required per VC
21107.5 (c ).
2. BACKGROUND: •
The Office of the City.Manager received a letter from the McNear Landing Owners Association
dated November 12, 2000 (Attachment II). The letter was addressed,to :the City-Manager and
requested the City Council adopt a-resolution ;or ordinance' that'provides Police and. Fire the
authority to enforce Vehicle.Codb provisions. The Board's.intent was to enable the,Police and
Fire Departments to enforce the Vehicle Code provisions within their subdivision. The Board
has solicited the association and had.beld a meeting regardingsthistissue on January 22, 2001.
The purpose of=this proposal, as requested by the Board, is to improve traffic safety within the
McNear Landing.subdivision via enforcement. It is the opinion of the Police Department that
this is an appropriate"approach to improving traffic safety. •
The Board 'understands that the responsibility for and all signs and continued maintenance
• remains with The Board The Board also understands that this proposal does not constitute an
agreement to *Vide any additional patrol/enforcementservices.
3. ALTERNATIVES: •
Decline the request to add the McNear Landing Subdivision to Municipal Code 11.12.150, •
thereby not°allowing the enforcement of'Vehicle Code provisions.
4. FINANCIAL;IMPACTS:
Nominal-,personnel,cots associated with periodic enforcement will be off set by°enforcement
fine revenues:
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5. CONCLUSION:
The Mc Near Landing Owners Association has recognized that improved''traffic-safety is
necessary for;their subdivision. In orderfor the,Cityof Petaluma Police and Fire Departments to
enforce,the Vehicle:Code.provisions, an amendment=to Municipal Code 11 12.1'50 is'necessary:
The Board has agreed,.to a cooperative+effort in combating the traffic.problems that exist,' They
request-,that the City;amend'the:municipal:code as outlined in this proposal. •
6. RECOMMENDATION;
Approval of an-amendment to .Petaluma Municipal Code 11.12...150, adding McNear Landing •
Subdivision to the list of locations of private facilities•which are enforceable'pursuant to. VC
211075. •
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•f ;
Resolution No N.C.S.
•? of the City of Petaluma, California
RESOLUTION FORVEHICLE CODEENFORCEMENT
OF P,RIVATE;PROPERTY'ROADWAYS
WITHIN THE MCNEAR LANDING SUBDIVISION
WHEREAS, the McNear;Landing Homeowners Associationrequests:the Police and Fire
Departments obtain lawful authorization to enforce Vehicle Code provisions as provided in CVC
21107.5 on roadways within the privatersubdivision; and
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'WHEREAS, The McNear Landing Homeowners Association is requesting this because
of safety problems, and CVG21107.5:allows the City to adopt;tliis authorityby resolution; and
• WHEREAS, The McNeal-- Landing Homeowners.Association understands that they are
responsible for the appropriate:placement of signs and the ongoing maintenance associated with •
signs and roadways within the private-area; and -
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WHEREAS, The McNeal) Landing Homeowners Association understands that no
agreement for extra Police and`Fire seivice attaches to this amendment; •
• NOW, THEREFORE, BEJT RESQLVED, the City Council of the City of Petaluma
does herby approve'the amendment-of PMC 11.12.150 (Private Facilities Identified) to include
the roads within the McNear Landing subdivision pursuant to,CVC Section 211107:5.
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Under the power and authority conferred upon,:this Council bythe:Charter of said.City.
REFERENCE: I hereby certify the foregoing Resolution was introduced•and adopted by the
Council of the,City of Petaluma at a Regular meetine on„ 2001; Approved as to
by the following vote: form:
City Attorney
AYES: •
NOES:
ABSENT:
ATTEST:
City Clerk • Mayor
Resolution No. NCS
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Private Roade,ailfrforPigallt:tsegiPi=bri kIrliur;c,- =“tr- •
(a) Ah ouin ,bjordiuiance or resoldtied,find and
declare that there arenriVately:owned and maintained roads as described in
the tirresbIiitiOn4ithiri=theCciti:Or county that held
open for7U:Se:by-the public for vehicular travel and which so connect with
highways that the public cannot determine that roads are not highways.
Upon enactment byte:Orly orcountYbf the ordinance or resolution,this code
Shall,apply--to the privately owned.andmamtamed road,except as provided
in shbdiViSied(b).
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(b) No ordinance or resolution-eriaceed under Subdivisidd(a),Iliall apply
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to any road on which the owner has erected a-notiCe of a size-shane and color
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as to be readily legible during daylight l hours from a distance of 100 feet to
„ •the effect that tti.e4roadja,nrivatelY ownedandmanatainekand that it is net
subject to public traffic regulations orControl.:,
'ordinance:or redointiodishall,,be.enacted under subdivision (a)
without a public hearing after 10 days!.written-niitice.to the owner of the ..„
privately,owned and maintained road involved. ''
(d) The department shall:not be required to provide or enforce any
provision of this code on any privately owned an =tam ad, except
these provisions'applicable to Priiate'PropertY';other than pursuant*.this
section -
M :7-.•ulamendecicka60,:Stata719fM.F..ffectilie Jitonaiy,;41.9:ic2pai 'Ca so
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McNEAR' LANDING OWNERS ASSOCIATION
do Sharp Property'Services, PO Box 4855, Petaluma, CA 94955 NOV 2 0 2000 ti
707-765-6111, tax 707-765-6215, sharpproperty@msn.com
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EREc;I:November 14, 2000 00
Frederick C. Stouder, City Manager • __ �.. .
• City of Petaluma A ,l !yLrI(Vltjy j jj
11 English Street
Petaluma, CA 94952 %
RE`: McNear Landing Owners Association, Vehicular Traffic
Dear Mr. Stouder,
The Board.of Directors of McNear LandingOwners Association is asking for your assistance.
On behalf of the membership the Board has asked that the,City Council consider the adoption
of an ordinance,or resolution consistent with Vehicle Code Section 21107 giving:the Petaluma
0 Police and Fire Department the authority to enforce vehicular code`for moving violations on .
the McNear Landing Owners Association private streets 'It°is the Board's understanding that
this is a fairly standard procedural matter.
Please advise if you'require;additionalcinformation=and advise:when this matter will be on the
City Council's agenda..
Sincerely,
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. D.a M. Sharp;-CLAM
IanagementAgent .
cc: Board of Directors
ATTACHMENT iii
Resolution No.
of The City of Petaluma, California.
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RESOLUTION SETTING HEARING FOR THE.
• AUTHORIZATION'OF ENFORCEMENT OF THE. '
• • CALIFORNIA VEHICLE CODE
ON PRIVATE PROPERTY LOCATED IN THE.
MCNEAR LANDING SUBDIVISION
BE IT RESOLVED,that the Council of the Cityof Petaluma hereby declares thatenforcement
of California Vehicle Code provisions on private property within the City of Petaluma referred-to
and described as the McNear Landing subdivision pursuant to California Vehicle Code21107.5
et,sq is inthe:public interest, and
BE IT FURTHER RESOLVED, that the.City-Council herby sets the time for a public hearing
at 7:00 PM,.or as'soon thereafter`as can be heard on:(March'26, 2001) as the time when
objections will;be?heard and given due consideration and,
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BE IT FURTHER`RESOLVED,that the City Cle'k shall cause written notice toThe mailed.to
all persons owning,property:described in the list on file in the Office of the City'Clerk
Under the,power,and authority conferred'upon this Council by the Charter of saidlCity.
REFERENCE I heibby certify'the foregoingResolutioniwas`introduced and adopted by the
Council,of the City Petaluma at a'Regular meeting'on 2001, Approved as to
by the following vote: ' form:
- City Attorney
AYES:
NOES: - -
ABSENT:
ATTEST_
City Clerk Mayor
.Resolution No NCS. .
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MeNEAR LANDING OWNERS ASSOCIATION
•c/o Sharp Property Services, PO Box 4855, Petaluma; CA 94955
70746541111, fax 707-765-6215, sharpproperty®msn com •
December 1'1;.2000 A t l !a Lh1lVItiV 1 v
Re: Noticeof`Infermational''Meeting—Traffic and Parking,lssues •
Monday, Jan42, 2001, 7:30„-Hermann S'onsiHall, 860 Western Ave.Petaluma
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Dear Homeowners,
The Board of Director's has scheduled an informational,meeting•ontMonday, Jan 22,
2001, 7 10 pm, Hermann Sons Hall, 860'Western Ave Petaluma, This•meeting;has
been:scheduled'to provide a forum forall owners to review and,discuss:issues related
to trafcand parkutg at;McNear Landing-. An owners are encouraged to attend. .•
The.Board is seeking input:and participation;in developing plans to address these
issues; Alan Tilton, traffic,engineer; and,Michael Ginn of the-Petaluma Fire.
Department have.;also been invited to attends'to answer your questions:
History
- In 1986;Young:America'Homes,,the original developer of McNear Landing,
developed a,preliminary'parking plan for ttieiproject. When Masma acquired,the ,
project and obtained,approvalfoithe,development from the City•of•Petaluni•a '
implementation of a parking•plan•was•not a,condition nor was;it required Th'eCity
• was primarrlytinterested in high-density, low cost housing; To obtain the desired
'density, the,City pemutted"substandard width;streets., Thestreets are private and
• inaintatned by the Association:because the street widths do not meet the City •
inininauin standards.
Traffic/Speeding •
Numerous residents have expressed concern about speeding vehicles;in the
development The Boardhas taken:tiie following steps to address::,this issue:
1. Posting Speed,Limit`Signs.
• 2. Authorrztng'the installation of.3 additional stop.signs; lat the North entrance and
one+at the:;South entrance. Installation is expected_in eatly.January,:
3. Authorizingdthe installation of a speed hump on McNear Circle adjacent to the •
park, installation is.,expectedUin early 2001,
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4• Requesting adoption by the City Council of an ordinance that will the •
Petaluma Police Department toiissue.citations for moving violationson the private
sweets of McNeal'Landizig.
JPiry- 11 -t' l IHV 10o ; 1t, YI'1, SHRKY'VKV VERTYSVI; '(e( !b° bZ15 ''• b+
• The consulting traffic engineer, Alan Tilton, has advised the-Board on various traffic •
calming devices. He selected the locations for the scheduled installation of the stop
• signs and speed"hump. These;devices-should slowdown vehicles entering from
Petaluma Blvd and encourage cautious driving.
Parking
Issues:
I. Emergency vehicle-access, The Fire Department requires 20' wide street clearance
for emergency vehicles. Vehicles„parked on opposite sides of the street do not
provide the required minimum clearance on the streets in some instances.
2. Sidewalk access for pedestrians is restricted when vehicles park on the sidewalks.
Furthermore, the,sidewalks were not constructed to handle the weight of vehicles.
Possible Solutions:
1. Striping or marking parking spaces and painting of curbs red with stenciled Fire
Lane and/or posting of no parking signs.
2. Permitting street parking;only on one side of the street. Mr. Tilton has advised that
alternating parking, staggering from one side to the other, should cause v_ehicles to
slow down.
3 Encouraging Owners to park in their garages and/driveways due to the limited
• amount of parking available. The CC&Rs state "Garage or carport space may not
be convened into anyuse,(such as recreational rooms or storage areas) that would
prevent its use as a parking area for the number of vehicles for which the area was
originally intended.”"(Section 6.9)'
4. Contracting with a security guard finn to regularly patrol the property and issue
citations when vehicles are parked in no parking areas.
The Board has asked Mr. Tilton to submit alternative parkingplans for consideration.
It is the intention of the Directors to appoint a Parking Committee to review
suggestions from the membership and make a recommendation to the Board.
Please attend this informational meeting: Your participation will insure that your
concerns°and.smtggestions<are considered as the Board develops a parking plan.
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CITY OF CALIFORNIA
• AGENWA BILL MAY .0 7 2001 4
Agenda Title: • Meeting Date:
. Ordinance of the City of Petaluma Amending Ordinance No I026 April 16, 2001
'N.C.S. and Ordinance 1843 N.C.S. (Section 4:08.020 of the
Municipal Code) to Permit the Refunding ofiRevenue Obligations
Department:. Director; Contact Person: Phone Number:
Finance. • William J. Thomas, William J. Thomas 778-4352
'Cost of Proposal: None Account.Number: N/A
Amount Budgeted: N/A Name of Fund: N/A
Attachments to Agenda PacketItem:
Proposed Ordinance •
Copy of Section 4.08;020 oftherMunicipal:Code •
Summary Statement: The City is currently pursuing the refunding of the City of Petaluma's 1990 Zone
IV Water System Improvement Certificates of Participation (OOP's). As part of that process the City
entered into an agreement with Jones Hall to provide bond counsel services for this refunding. The
attorney from Jones Hall (Bill Madison)has recommended that the City amend Section 4.08:020 of the
Municipal Code that relates to bond financins. Specifically; the amendment:will penuut the refunding of
revenue obligations.
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Council Priority: THIS AGENDA ITEM IS CONSIDERED,TO.BE`PART OF,•OR NECESSARY To, ONE OR
MORE OF THE 1999-2000 PRIORITIES ESTABLISHED BY THE .CITY COUNCIL ON JANUARY 30, 1999
AND MARCH 18,2000
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Priority(s): Increase revenues and/or decrease current expenditures
Recommended City Council,Action/Suggested Motion': Adopt'the Resolution
Adopt the Ordinance on its'firstreading.
ReviewedibvFinance Director.: Reviewed,by City.Attorney: A. . .vped-bv City Manager
Date; Date: I Dat
,c•-t .'LC��li; + ems o:, a/ �
-Today s Date: I / Revision:# and Date Revised: if?'Code:
April 3, 2001 # S/agenda/water refunding ordinance.amendment
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CITY OF PETALUMA, CALIFORNIA
APRIL 16,2001
AGENDAREPORT
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FOR: .
ORDINANCE OF""THE CITY OF PETALUMA.AMENDING(ORDIANCE NO. 1026
N.C.S. AND ORDINANCE,NO. 1843 N.C.S (SECTION 4.080020'OF THE MUNICIPAL
CODE)'TO PERMIT`.THE REFUNDING OF REVENUE OBLIGATIONS
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1. EXECUTIVE SUMMARY: The City is currently pursuing the refunding of the City of
Petaluma's 1990. Zone:IV.Water System Improvement Certificates of Participation (OOP's). As
part of that process the City entered intman agreement with Jones Hall:to'provide bond counsel
services for this refunding; The attorney from,Jones Hall (Bill Madison)has recommended that
the City amend Section 4.08.020'of the Municipal Code thatrelates to bond financing.
• Specifically, the amendment:will permit the refunding of revenue obligations.
2. BACKGROUND: As part of our ongoing relationship with our financial advisors,
Kelling,Norcross and'Nobriga,they;provide period is analysis of the City's existing bond issues
to determine if opportunities exist.for refinancing. Based on current market conditions, they
determined that a water'issue:(Zone IV Water System ImprovementslCOP's) would have a
present value sayings of$401,203 if refinanced at this time At the March 19, 2001 Council
meeting, Council approved,entering into an agreement with the financial advisors as well as bond
• counsel,(Jones Hall)to facilitatethts.refunding. • -
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The attorney.from Jones Hall,Bill;Madisod, who is;,the,bond counsel:for the City, recommends
that the City amend Section 4.08,:020 of the Municipal Code to permit the,refunding of revenue
obligations.•The proposed Ordinance would accomplish this recommendation. Currently:
Section 4.08.020 provides that revenue bonds can be issued'for;the following purposes:
> The obtaining,conserving-treating and supplying of water (subsection A), or
The.collection,treatment'or disposal of garbage or refuse matter (subsection B),
or
> The collection,treatment,or disposal of sewage, waste or storm water•(subsection
The proposed section would.provide that an additional:reason that revenue bonds could be issued
would.be,to refund existing bonds that were applied to the acquisition or construction of projects
that satisfied the purposes.as set forth>;in Section 4.08.020, subsections A, B and C of the
Municipal Code.
3. ALTERNATIVES: .
> Do notadopt Ordinance to provide specific authorization to issue revenue bonds that
refund:existing bonds
> Adopt the;Ordinance
• 4.. FINANCIALJMPACTS:. None
S. CONCLUSION:. Currently there is not specific language in Section 4.08.020 of the
Municipal Code that-permits the issuance of revenue bonds for the specific purpose of refunding
existing revenue bonds issued in accordance with that Section. The proposed change would
facilitate thispurpose.
6. OUTCOMES OR PERFORMANCE'MEASUREMENTS THAT WILL . •
INDENTIFY SUCCESSOR COMPLETION: ,Successful completion of the refunding
of the existiiig'Water Revenue Bdhds..
7. RECOMMENDATION: Adopt'on first reading the proposed Ordinance
s:/agenda/water refunding ordinance amendment . . '
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• ORDINANCE NO. N.C.S.
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Introduced Seconded'
By Councilmember
AN ORDINANCE, OF THE CITY OF PETALUMA ,AMENDING THE PETALUMA
LAW, RELATING TO THE REFINANCING OF.REVENUE BONDS
BE IT ORDAINED BY THE COUNCIL OE THE CITY OF PETALUMA AS FOLLOWS:
Section 1. Findings and Determinations: The City 'Council of the City of Petaluma
hereby finds and.determinesasfollows:
A. The City'has, by Ordinance No 1026 N.C.S. and Ordinance 1843 N.0"S., added
Chapter 4.08, entitled "Bond Issue Procedures"'to'the Petaluma Municipal Code (the
' "Revenue:,Bond Law").
• B. The Revenue Bond Law .authorizes the City of Petaluma; as an exercise of its
municipal affairs powers as a charter city, to issue" revenue bonds for specified
enterpriser.projects, through'the utilization of the Revenue Bond Law of 1941 (the
"'41 Act"),.with certain modifications.
• C. Neither the Revenue Bond Law nor the '41 Act explicitlyauthorize 'the issuance of
revenue refunding;bonds.
D. The City entered into a Lease Agreement in November 1990 in the principal amount
of $6;600,000 (the "1990" Lease") for the purposes of financing Zone IV Water
System Improvements, and caused to be executed and delivered Certificates of
Participation"("1990 OOP's"), representing the'right`to receive Lease Payments from
the City tinder the 1990 Lease.
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E. The 1990 Lease is an obligation payable from the general fund of the City, and may
not be refunded under existing State law provisions permitting the issuance of
refunding revenue bonds.
F. The City has determined'that interest savings will be;realized if the 1990 COP's are
refunded.
G. The City wishes at this time to amend its Revenue Bond Law to explicitly authorize
the issuance of revenue refunding bonds.
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Section 2. Amendment of Revenue Bond Law. In-orderto authorize the refinancing of •
the City's;revenue bonds, as'an;exercise of its municipal affairs powers•as-a.charter city,the City'
Council does hereby amend the Revenue.Bond Law, as follows:
Section 4:081020 :of'Chapter 4.08 shall be amended to add paraaraph,D, "thereto, which
shall read,as follows:
D. Tnre.refunding of bonds or other obligations of the City, so long as (9 the_proceeds of
such bonds were,applied:to the acquisition or construction of projects satisfying the-purposes set
forth in paragraph A, B or C:above, and (ii) such bonds-or obligations were payable from or
were in fact.paidfrom, revenues generated by any of the enterprises specified in paragraphs. B
orCabove =,
Section 3. Effective Date.; This Ordinance shall take •effect 30 days• after its final
passage. - •
Section 4. Advertisement. The':CityClerk•is,hereby directed to'post or publish;the
Ordinance.for the period and in the manner required by the City Charters
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Section 5., 'Severabiltv'Clause: If any section, subsection, sentence, clause, or phase of -
this"ordinance is for',any reason held to be invalid,such decision shall nottaffect,the validity of •'
the remaining portions of this ordinance. The Council hereby declares that it would have
• adopted the ordinance, and each section,-subsection, sentence,- clause; or phase thereof
irrespective.,of the fact that any one or•more sections, subsections, sentences, clauses or phrases
be declared invalid:.
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• 4.04.100 PETALUMA MUNICIPAL CODE
4.04.100 Cooperative purchas fig enforcement of the rights and powers
programs. belonging to the city and such procedure shall
Purchases of supplies and, equipment control and be followed in the issuance and
made under a cooperative purchasing program sale of revenue and improvement bonds as in
with the,state, county or other publicvagencies this.chapter so provided. The procedures of
are exempt from the requirements of this this chapteriare alternative to the procedures of
chapter. Cooperative purchases joined will general state'law: When issued under the •
have been competitively awarded, and authority of this chapter, the bonds shall so.
documentation as to the;,advantase of the recite. (Ord. 1843 NCS §1 (part), 1991: Ord.
cooperative purchase will be:retained. (Ord. 1026 NCS §1, 1'971.)
1938 NCS §2, 1993.)
4:08:02'0 Issuance of revenue
4.04.110 Inspection and.`testing. bonds:
The purchasing officer shall 'inspect Whenever the public interest and necessity .
supplies and equipment delivered to so;require, the council of the city may, acting
their conformance with the specifications set •under this chapter by resolution or resolutions
forth in the order or`contract. The purchasing issue revenue bonds for the following pur-
officer shall have authority to require chemical poses:
and physical tests of samples-;submitted with A. The obtaining, conserving, treating and
bids and samples of deliveries which are supplying of water for domestic use, irri
A necessary to determine their quality and gations, sanitations, industrial use, fire
conformance with specifications. (Ord': 1938 protection,recreation, or any other public
NCS §1, 1993: Ord..586 NCS §1:"prior code or private use
§2.76:) B. .The collection, treatment or disposal of
garbage orrefuse;matter;.
C. The collection, treatment or disposal of
CHAPTER 4:08 sewage, waste or storm water, including
drainage, 'The;.procedure for the issuance
BOND ISSUE PROCEDURES of such revenue bonds shall be the proce-
dure set forth,in the Revenue Bond Law
4.08.010 Short title, — Enactment- - of 1941 (commencing with Section 54300
— Purposes. of the California Government Code), and
This chapter shall be known as the by this reference, with the exception
"Petaluma Bond Law," and is enacted by the hereinafter stated, the provisions of said
council of the city under and pursuant to the law are incorporated in this chapter;
powers granted and reserved,:to the city under provided, however, that no election to
Sections 3 and 5 of Article XI of the authorize the issue of such revenue bonds
Constitution of-the State of California and shall be required or held, and to that end
Section 81 of the:Charter: of the city, and is Sections 54380 through 54387 of the.
enacted for the purpose of establishing a Government Code are not incorporated in
procedure for the issuance and sale of revenue this chapter and shall not be applicable to
and improvement bonds of the city for certain the issuance of such revenue bonds.
purposes. This chapter- shall' constitute a (Ord. 1843 NCS §1 (part), 1991: Ord.
special procedure for the carrying out and 1026 NCS §2, 1971:)
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406 .Rev. Ord. Supp. 12/95