OCR Text |
Show Election Notice To all qualified electors of Pleasant Grove, Utah County, Utah: Take notice that on the 20th day of July, 1976, a special bond election will be held in the City of Pleasant Grove, Utah County, Utah, at the place set out below for the purpose of submitting to the qualified electors of said City the following propositions: PROPOSITION 1 Shall the City Council of Pleasant Grove, Utah, be authorized to issue General Obligation Municipal Purpose Bonds of said City in the amount of not to exceed Eighty-Six Eighty-Six Thousand Dollars ($86,000) for the purpose of defraying all or a part of the cost of purchasing pur-chasing a certain parcel of real property presently owned by the Alpine School District and commonly referred to as the Pleasant Grove Junior High campus, consisting of approximately ap-proximately 2.7 acres, which is bounded by First South Street on the south, First East Street on the east, and Center Street on the north; said real property, if acquired, shall be used for general municipal purposes, such as, but not limited to, the possible construction con-struction of a public safety building, parking facilities, evening recreational use, or any other use, which in the judgment of the City Council, will provide for proper development of the City; said bonds shall bear interest at a rate or rates not to exceed nine (9) percent per annum and shall be due and payable in not to exceed twenty-five (25) years from the date of said bonds? PROPOSITION 2 Shall the City Council of Pleasant Grove, Utah, be authorized to issue General Obligation Municipal Purpose Bonds in the amount of not to exceed Eighty Thousand Dollars ($80,000) for the purpose pur-pose of defraying all or a part of the cost of constructing, on a portion of the parcel of real property described in Proposition 1, or other suitable site, a public safety building to be used for general municipal purposes, including but not limited to a police department office, jail, and community center; said bonds to bear interest at a rate or rates not to exceed nine (9) percent per annum and due and payable in not to exceed twenty-five (25) years from date of said bonds? |