HomeMy WebLinkAboutORD1568 ORDINANCE NO. 1568
AN ORDINANCE OF THE MAYOR AND CITY COUNCIL OF THE CITY
OF APACHE JUNCTION, ARIZONA, AMENDING THE APACHE
JUNCTION CITY CODE, VOLUME I, CHAPTER 2 : MAYOR, COUNCIL,
AND APPOINTED BOARDS AND COMMISSIONS, ARTICLE 2-21 :
BOARD OF ADJUSTMENT AND APPEALS/MUNICIPAL PROPERTY
CORPORATION/PUBLIC SAFETY PERSONNEL RETIREMENT BOARD, BY
REPEALING § 2-21-2 MUNICIPAL PROPERTY CORPORATION IN ITS
ENTIRETY; AUTHORIZING STAFF TO TAKE ALL MPC
ADMINISTRATIVE DISSOLUTION STEPS; REPEALING ANY
CONFLICTING PROVISIONS; PROVIDING FOR SEVERABILITY; AND
PROVIDING FOR PENALTIES.
WHEREAS, on July 17, 1990, the city council passed and adopted
Resolution No. 90-16, creating the City of Apache Junction
Municipal Property Corporation ("MPC") to allow the city to seek
bonds for capital improvement projects; and
WHEREAS, the city utilized the MPC to fund multiple capital
improvement projects over the years; and
WHEREAS, the city has since paid off all financial obligations
related to issued MPC bonds; and
WHEREAS, the federal tax-exempt bond financing law has been
deregulated which now makes the use of MPC bonding superfluous;
and
WHEREAS, on September 16, 2025, the mayor and city council,
after a briefing from bond counsel Zach Sakas, instructed staff to
dissolve the MPC and repeal the authorizing MPC city code
provisions .
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND CITY COUNCIL
OF THE CITY OF APACHE JUNCTION, ARIZONA, AS FOLLOWS:
SECTION I IN GENERAL
That the following Apache Junction City Code, Volume I, Chapter
2, Article 2-21 provisions, be amended as follows :
ORDINANCE NO. 1568
PAGE 1 OF 3
1) In the title and index of Chapter 2, Article 2-21, remove
reference to Municipal Property Corporation in its entirety.
2) Repeal § 2-21-2 Municipal Property Corporation in its
entirety.
3) Reassign current § 2-21-3 Public Safety Retirement Board as
§ 2-21-2 .
SECTION II ADMINISTRATIVE STAFF AUTHORIZATION TO DISSOLVE MPC
Staff is authorized to take all administrative steps necessary to
dissolve the MPC.
SECTION III REPEALING ANY CONFLICTING PROVISIONS
All other ordinances and parts of ordinances in conflict with the
provisions of this ordinance or in conflict with any part of the
code adopted herein by reference are also hereby repealed.
SECTION IV PROVIDING FOR SEVERABILITY
If any section, subsection, sentence, phrase, clause or portion of
this ordinance or any part of the code adopted herein by reference
is, for any reason, held to be invalid or unconstitutional by the
decision of any court of competent jurisdiction, such decision
shall not affect the validity of the remaining portions thereof.
SECTION V PROVIDING FOR PENALTIES
Any violation of any of the provisions adopted herein shall be
punishable as a class 1 misdemeanor consistent with Apache Junction
City Code, Chapter 1 : General, Article 1-1 : General, § 1-1-11
Penalty.
ORDINANCE NO. 1568
PAGE 2 OF 3
PASSED AND ADOPTED BY THE MAYOR AND CITY COUNCIL OF THE CITY OF
APACHE JUNCTION, ARIZONA, THIS �� S DAY OF
20 7_1a--- t CCJJ f, L
SIGNED AND ATTESTED TO THIS oZf �T DAY OF
20 �S
WALTER "CHIP" WILSON
Mayor
ATTEST:
EVIE MCKINNEY
City Clerk
APPROVED AS TO FORM:
io •�S•2S _
RICHARD J. STERN
City Attorney
ORDINANCE NO. 1568
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