1-13-2: CITY COUNCIL TO ISSUE NONVOTED BONDS:
The city council of the City of Cedar Hills is hereby authorized to issue nonvoted revenue bonds to the full extent authorized by the Utah local government bonding act in title 11, chapter 14 of the Utah code and by the constitution of the state of Utah and to issue all other forms of nonvoted bonds as authorized pursuant to provision of the Utah law upon one or more of the following conditions: a) that a revenue source is identified and pledged that would satisfy the obligation and, which revenue source is controlled by the city such that the revenue could be increased if necessary to satisfy the obligation and real property taxes could not directly be pledged, such as a general obligation bond, or indirectly pledged, such as an annual appropriate lease payment bond, without an election or other mechanism for inviting the approval or disapproval of the people, or b) the bond proceeds are to be used to meet the city's responsibility to provide "basic public services" such as water, sewer, irrigation, sanitation, parks, streets or transportation infrastructure, public safety needs, utilities, or physical facilities or equipment required for the safe and effective operation of the city government. (Ord. 1-24-2006A, 1-17-2006)