Stories indexed with the term ‘bond requirements’

Bid Launched to Amend City Charter

Pat Lesko

Pat Lesko announces the petition to ask for a charter amendment that would automatically include a voter referendum on general obligation bonds.

On Monday morning at the Ann Arbor City Club on Washtenaw Avenue, Pat Lesko announced an effort to place a proposal on the ballot that would amend the city charter. If successful, the effort, organized by GO Ask Voters, would change the process used to issue general obligation bonds.

Currently, it’s possible for voters to petition for a referendum on such a bond, if signatures from at least 10% of registered Ann Arbor voters are collected within 45 days after a notice of intent is published to issue the bond.

That’s a process outlined in Section 33 of the Revenue Bond Act of 1933 and used by organizers of Ask Voters First in the summer of 2008. They were pushing for a referendum (unsuccessfully) on the bonds issued for the city’s municipal center, which will be given its ceremonial groundbreaking this Friday.

The ballot initiative announced Monday would change the city charter to automatically include a voter referendum on general obligation bonds. Amendment of the city’s charter is a process governed by the Home Rule City Act 279 from 1909.

The law requires only 5% of registered voters to sign the petition, and allows for a year to complete the collection of signatures. After filing a petition with the city clerk’s office that organizers believe contains the requisite number of signatures, the city clerk has 45 days to verify the signatures, and “the clerk shall submit the proposed amendment to the electors of the city at the next regular municipal or general state election held in the city which shall occur not less than 90 days following the filing of the petition.” [Full Story]