Proposition “B”

Summary: Makes it easier to call a referendum before the city can issue bonds for sports stadium projects.

Official, legal language:

Shall the Charter of the City of Richmond be amended as follows:

Section 3.06.1 – Submission of proposition to voters.

(a) Before City Council can vote on any proposed ordinance to acquire, construct, own, maintain, operate, lease, or otherwise necessary to facilitate any sports stadium or arena within or without the City, the Council shall determine whether 3 or more members favor calling for an advisory referendum on the ordinance as herein permitted. Should 3 or more members favor calling for an advisory referendum, then City Council shall exercise the powers and procedures required herein to insure this advisory referendum is placed on the ballot.

(b) Before City Council can vote on any proposed ordinance authorizing the issuance of a city bond under this Charter or any proposed ordinance providing or generating funds to help defray any bond of a non-City entity, the council shall determine whether 4 or more members favor calling for an advisory referendum on the ordinance as herein permitted by Sec 3.06.1. Should 4 or more members favor calling for an advisory referendum, then City Council shall exercise the powers and procedures required herein to insure this advisory referendum is placed on the ballot.

(c) Before City Council can vote on any proposed ordinance pledging or purporting to pledge the city’s “moral authority” or any similar covenant to be used in connection with a so called “Moral Obligation Bond” or similar bond issued by a non-City entity, the City Council shall determine whether 4 or more members favor an advisory referendum on the ordinance as herein permitted by Sec. 3.06.1. Should 4 or more members favor calling for an advisory referendum, then City Council shall exercise the powers and procedures required herein to insure this advisory referendum is placed on the ballot.