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BILL NO. ~73q SO. tOqq AN ORDINANCE PROVIDING FOR THE SUBMISSION OF A PROPOSITION TO THE QUALIFIED VOTERS AT THE GENERAL ELECTION ON NOVEMBER 2, 2004, AUTHORIZING THE ISSUANCE OF GENERAL OBLIGATION BONDS FOR THE PURPOSE OF RENOVATING AND IMPROVING CITY HALL. BE IT ORDAINED BY THE COUNCIL OF THE CITY OF UNIVERSITY CITY, MISSOURI, AS FOLLOWS: Section 1: The City Council of the City of University City, Missouri (the "City") finds it necessary and hereby declares its intent to borrow $2,000,000 for the purpose of renovating and improving City Hall, including the annex, parking lots, walkways, and lawns, and to evidence such borrowing by the issuance of general obligation bonds of the City in the principal amount of $2,000,000 (the "Bonds"). Section 2. An election is hereby called and ordered to be held in the City on Tuesday, November 2, 2004, for the purpose of submitting to the qualified voters of the City the following proposition: PROPOSITION C Shall the City of University City, Missouri issue and sell general obligation bonds in the amount of $2,000,000 for the purpose of renovating and improving its City Hall, including the annex, parking lots, walkways, and lawns? YES [] NO [] If you are in favor of the proposition, place an "X" in the box opposite "YES". If you are opposed to the proposition, place and "X" in the box opposite "NO". Section 3. The form of the Notice of Election for said election, a copy of which is attached hereto, marked Exhibit "A" and made a part hereof, is hereby approved. Section 4. The Debt Statement setting forth the information required by Section 43 of the City's Charter, a copy of which is attached hereto, marked Exhibit "B" and made a part hereof, is hereby approved.