§ 20-93.1. Council action.

Latest version.

(a)

When the council receives the notification described in section 20-93, the matter shall be assigned to the appropriate council committee. The council may in its discretion, within fifteen (15) days of the reading by the city clerk of the notification, introduce and act upon a resolution stating council's intent to approve the issuance.

(b)

If the resolution fails, the manager shall confer with the committee of council assigned the matter for the purpose of reconsidering the proposed bond issue.

(c)

If the manager changes substantially the description of the bond issue, the manager shall notify the president of council in writing of the changes. The city clerk shall read the notification of changes to the council at its next regularly scheduled meeting.

(Ord. No. 459-90, § 2, 8-13-90)

                    
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