27. 8. 97

NOTICES OF MOTION

1. PROHIBITION OF SKATEBOARDS: COMMENCEMENT OF PROCEEDINGS TO MAKE THE CHRISTCHURCH CITY PUBLIC PLACES AND SIGNS ALTERATION BYLAW 1996

In accordance with a recommendation contained in the Environmental Committee's report to the present Council meeting, to consider and if thought fit to adopt the following resolution:

1. That pursuant to the powers vested in it by the Local Government Act 1974, the Christchurch City Council makes the Christchurch City Public Places and Signs Alteration Bylaw 1997 (as per copy attached).
   
2. That the Council Secretary be authorised to give public notice that the foregoing resolution will be submitted to an ordinary meeting of the Council to be held on Wednesday 24 September 1997, for confirmation by way of Special Order.

2. COMMENCEMENT OF PROCEEDINGS TO DECLARE PORTION OF DYERS ROADTO BE A LIMITED ACCESS ROAD

In accordance with a recommendation contained in the Hagley/Ferrymead Community Board's report to the present Council meeting, to consider and if thought fit to adopt the following resolution:

1. That the Christchurch City Council, being the local authority having control of the roads in the City of Christchurch, hereby resolves by way of special order and pursuant to the provisions of Section 346 of the Local Government Act 1974 to declare a portion of Dyers Road, East Side, South-West from Linwood Avenue to be a limited access road, as more particularly shown on Plan D 7020 Sheet 3 and the accompanying schedule attached.
   
   
2. That the Council Secretary be authorised to give public notice that the foregoing resolution will be submitted to an ordinary meeting of the Council to be held on 24 September 1997 for confirmation by way of Special Order.
   
   
3. That a copy of the special order together with the plan and schedule under seal be lodged with the District Land Registrar with a request to register the documents against the certificate of titles to all the adjoining parcels of land described therein.

3. COMMENCEMENT OF PROCEEDINGS TO RAISE WORKS DEVELOPMENT LOAN 1997 - $71,420,000

The Christchurch City Council Plan: 1997 Edition requires the borrowing of $71,420,000 made up of $49.80M of 1997/98 works programme and $21.62M of works carried forward from 1996/97. It is necessary that the loan raising procedures be commenced.

The following draft resolution should be adopted:

1. "That in pursuance and exercise of the powers vested in it by the Local Government Act 1974, and the Local Authorities Loans Act 1956 and all amendments thereto, and all other Acts in that behalf enabling, the Christchurch City Council hereby resolves, by way of Special Order, to proceed to raise in New Zealand a loan to be known as the Works Development Loan 1997 - $71,420,000 subject to the following determinations:

1. The purpose of the said loan is to provide funding for investment and capital expenditure projects.
   
   
2. The amount of loan is $71,420,000.
   
   
3. The maximum term for which the said loan or any part thereof may be borrowed shall be 20 years.
   
   
4. Interest rates and maturity dates shall be determined by the Director of Finance and the Funds Manager.
   
   
5. The loan or any part thereof, together with interest thereon, shall be repaid by any of the following methods of repayment:

1. By equal aggregate annual or half-yearly instalments of principal and interest;
   
   
2. By annual payments to a sinking fund in respect of this loan or any issue thereof at a rate of not less than 3.00 per cent per annum of the amount for the time being borrowed and not repaid (other than any part being repaid pursuant to subparagraph (a) of this clause).

6. The Council hereby appropriates and pledges a special annual recurring rate of .0412758 cents in the dollar on the capital value of all rateable property in the City of Christchurch.
   
   
7. No interest, instalment of principal and interest or payment to a sinking fund shall be paid outside New Zealand or out of loan money except as provided in Section 33(1) of the Local Authorities Loans Act 1956.
   
   
8. Commission or fees may be paid in respect of the raising of the said loan or any part thereof as the Local Authorities Loans Board may determine from time to time.
   
   
9. Such other determinations of the Local Authorities Loans Board as are applicable.

2. That a Sinking Fund be established and
   The Mayor
   City Manager and
   Director of Finance
   
   be and are hereby appointed Sinking Fund Commissioners in respect of the Works Development Loan 1997 - $71,420,000.
   
   
3. That the Council Secretary be authorised to give public notice that resolution (a) will be submitted to an Ordinary Meeting of the Council to be held at 2.00 pm on Wednesday 24 September 1997, for confirmation as a Special Order.
   
   
4. That authority be given to attach the Common Seal of the Council to the necessary documents."

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