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Auditor Mary Hull Caballero

Promoting open and accountable government

1980 Lease & Purchase Authority Charter Amendment

The following measure appeared on the Tuesday, November 4, 1980 General Election Ballot.
 
CAPTION: Charter Amendment Clarifying City Lease and Purchase Authority
 
QUESTION: Shall the City Charter be amended to clarify the City's authority to enter into lease, lease-purchase, and similar agreements?
PURPOSE OF THIS MEASURE: This measure would clarify that in entering into a lease, lease-purchase, purchase price security or similar agreement, the City must have on hand during the year the lease is entered into only the payments to be made during that year. The City Attorney has issued an opinion that this is the intent of the Charter, as presently written, but the Charter is not entirely clear. This amendment removes any unclarity.