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memo�andum <br />TO: Mayor & City Council <br />John Godwin, City Manager <br />FROM: Janice Ellis, City Clerk <br />SUBJECT: BOND ELECTION CANVASSING OF RETURNS <br />DATE: May 13, 2013 <br />BACKGROLJND: On February 11, 2013 by resolution number 2013-007, City Council ordered <br />a bond election for the purpose of voters to consider one proposition. <br />STATUS OF ISSUE: On May 1 l, 2013, the voters of the city of Paris voted on the proposition <br />for issuance of $45,000,000 tax bonds for replacing and extending water and sewer lines and <br />making repairs to streets and drainage infrastructure necessitated by such construction. The <br />proposition passed with 869 votes cast for the proposition and 77 votes cast against the <br />proposition. <br />BUDGET: N/A <br />RECOMMENDATION: Approve the resolution canvassing the returns for the Bond Election as <br />required by State Law. <br />�• <br />