Ballot wording and other details.

Details, details. It is all about details.

Curious about some of the paper work involved in the process? Some official, some not. All equally important. Figured some people may want to review the information. First was some information from the Town Clerk, Ms. Smith. They County Recorder, Ms. Bingham. Below are the “receipts” to place the matter on the ballot.

From there we completed some “sample ballot wording.” This is as approved and what will appear on the August Ballot. Proposition 401 is the “Lease Term Initiative” and 402 is the “Debt Term Initiative.”

PROPOSITION 401

PROPOSED BY INITIATIVE PETITION

OFFICIAL TITLE: AMENDING TITLE XV: LAND USAGE; OF THE TOWN CODE OF PAYSON ARIZONA TO REQUIRE DIRECT ELECTION BY QUALIFIED ELECTORS OF THE TOWN FOR ANY LONG TERM LEASE AGREEMENT EXCLUDING INTER-GOVERNMENT, WATER DEPARTMENT AND AIRPORT COMMISSION LEASES.

DESCRIPTIVE TITLE: “TRANSPARENCY IN PAYSON LEASE TERM PROVISIONS” WILL REQUIRE A DIRECT VOTE FOR ANY “LEASE AGREEMENT” OF TOWN REAL PROPERTY, ORIGINATING OR RENEWAL, BE SUBJECT TO A DIRECT VOTE TO ENACT AND OR AUTHORIZE.

A “YES” vote shall have the effect of requiring a direct vote for any “Lease Agreement” of Town real property, originating or renewal, with a stated, or extended, period, of more than three years, excluding inter-governmental agreements, excluding Water Department agreements, excluding utility and communication providers, and excluding Airport Commission agreements, be subject to a direct vote of approval for any “Lease,” requiring a Town vote to enact and or authorize. By adopting this Town Code Ordinance, the People of Payson, Arizona affirm their desire to prevent the long term private use of Town land without their direct consent.

A “NO” vote shall have the effect of retaining existing law, which allows for all “Lease Agreements” of Town real property as deemed appropriate by the Town Council and or Town Staff.

PROPOSITION 402

PROPOSED BY INITIATIVE PETITION

OFFICIAL TITLE: AMENDING CHAPTER 35: PURCHASING, OF THE TOWN CODE OF PAYSON, ARIZONA TO REQUIRE DIRECT ELECTION BY QUALIFIED ELECTORS OF THE TOWN FOR ANY BOND ISSUANCE, OR CONTRACT DEBT, BY THE TOWN SECURED IN WHOLE OR PART BY TOWN REVENUE WITH A VALUE IN EXCESS OF ONE MILLION DOLLARS ($1,000,000.00).

DESCRIPTIVE TITLE: “TRANSPARENCY IN PAYSON DEBT OBLIGATION ORDINANCE” WILL REQUIRE A DIRECT VOTE FOR ANY BOND ISSUANCE THAT HAS A “COMBINATION” AND OR “DOUBLE BARREL” FEATURE IN THE INDENTURE AGREEMENT, OR ELSEWHERE, BE TREATED AS A “GENERAL OBLIGATION BOND” AND BE SUBJECT TO A DIRECT VOTE TO ENACT AND OR FUND.

A “YES” vote shall have the effect of requiring a direct vote for any Contract / Lease Debt incurred by the Town with an original amount of one million dollars ($1,000,000.00) or greater requiring a direct vote to enact and or fund. Any Revenue Bond for Financing or Debt that has a “Combination” and or “Double Barrel” feature in the indenture agreement, or elsewhere in the Bond terms, shall be treated as a General Obligation Bond, requiring a vote of the Qualified Electors to enact and or fund. For the purpose of this Ordinance FINANCING or DEBT shall be defined as any debt, bond, note, loan, interfund loan, fund transfer, or other debt service obligation used to finance the development or expansion of a capital facility or lease of a facility.

A “NO” vote shall have the effect of retaining existing law, which allows for all forms of debt, excluding General Obligation Bonds, as deemed appropriate by the Town Council and or Town Staff.