During Tuesday's Union City

Council meeting, the council approved adopting a Centennial Celebration

Resolution of 2003-2004. The resolution captures 100 years of life of

Union City, the Progressive City since 1908.

According to City Administrator,

Alan Grindstaff, a referendum resolution was adopted by the Mayor and

Council on September 4, 1996, to authorize a referendum for the consideration

of incurring general obligation indebtedness in various amounts to be

applied toward several items such as: parking areas, heating and air conditioning,

roof repair, side walk construction and etc. Grindstaff claims that the

city of Union City paid out of the general funds instead of the 1997 Bond

Issue.

The Bond Election Resolution

was adopted in February of 1997 authorizing the issuance of general obligation

bonds for each of the enumerated public purposes.

The city has determined that

it is in the best interest of the citizens of Union City that the city

funds which were used before the Bond Resolution be refunded to the city

from all general obligation bond accounts in existence with proceeds remaining

for the enumerated public purposes approved in the referendum.

The Mayor and Council acknowledged

the adoption of the Referendum Resolution for the purpose of calling a

referendum for the citizens of the City to consider whether or not to

incur general obligation indebtedness to improve public services in the

City by acquiring, constructing, reconstructing, renovating, repairing,

improving, and installing public roads and bridges estimated at $1.6 million,

public sidewalks at $500,000, park and recreational facilities $1.68 million,

public building $480,000, and public safety equipment $360,000 and other

facilities, equipment, and property, both real personal, useful or desirable

in connection all at an estimated cost of more than $4,640,000.00.

City Administrator Alan Grindstaff

mentioned that since the adoption of the Bond Resolution, the city has,

from time to time as it has deemed necessary, utilized city funds consistent

with the purposes allowed for the use of the 1997 General Obligation Bonds.

Mayor and City Council authorized

the reimbursement to the city through the use of proceeds remaining from

the 1997 General Obligation Bonds for those expenditures which have been

made by the city and with city funds consistent with the uses described

for the 1997 General Obligation Bonds subsequent to the adoption of the

aforementioned bond resolution.