The URL can be used to link to this page

Home My WebLink About2017-293-4/24/2016 Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323. RESOLUTION NO. 2017-293 RESOLUTION ELECTING CLASSIFICATIONS AND PROCEDURES FOR PROPOSED BOND PROJECTS AS LISTED IN THE REQUESTED WATERLOO PROJECT ALLOCATIONS 2017 BOND ISSUE SUMMARY FOR THE FY2018 PROJECTS. WHEREAS, this Council proposes to authorize the issuance of general obligation bonds under Chapters 384 and 403 of the Code of Iowa for the purpose of providing funds to pay the costs of the fiscal year 2018 capital improvements projects; and WHEREAS, the projects consist of both essential corporate purposes and general corporate purposes, as those terms are defined in Section 384.24 of the Code of Iowa; and WHEREAS, Section 384.28 of the Code of Iowa provides generally that the definitions of essential corporate purposes and general corporate purposes are not mutually exclusive, and that if a project or activity may be reasonably construed to be included in more than one classification, the Council may elect at any time between the classifications and the procedures respectively applicable to each classification; and WHEREAS, the Chief Financial Officer has proposed that the projects to be funded with the proposed general obligation bonds be classified for purposes of the applicable hearing procedures as set forth in the summary attached hereto and made a part hereof. NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF WATERLOO, IOWA, that the classifications and procedures proposed in the summary attached hereto be and hereby are in all respects approved, and the City Council hereby elects the classifications and procedures indicated on said summary, as authorized by Section 384.28, for purposes of establishing the classifications and hearing procedures applicable to the proposed FY2018 project bonds. PASSED AND APPROVED this 24th day of April, 2016. Ron Welper,Mayor Pro Tem ATTEST: Le M. Evn, CMC, ICMC Deputy City C rk Resolution No. 2017-293 ITEMS TO INCLUDE ON AGENDA CITY OF WATERLOO,IOWA General Obligation Bonds X Resolution Electing Classifications and Procedures for Proposed Bond Projects NOTICE MUST BE GIVEN PURSUANT TO IOWA CODE CHAPTER 21 AND THE LOCAL RULES OF THE CITY. April 24, 2017 The City Council of the City of Waterloo, State of Iowa,met in open session, in the Council Chambers, City Hall, 715 Mulberry Street, Waterloo, Iowa, at 5:30 P.M., on the above date. There were present Mayor Quentin Hart, in the chair, and the following named Council Members: Jacobs, Morrissey, Powers, Lind, Amos, Schmitt and Welper Absent: None 1 Council Member Schmitt introduced the following Resolution entitled "RESOLUTION ELECTING CLASSIFICATIONS AND PROCEDURES FOR PROPOSED BOND PROJECTS", and moved that the same be adopted. Council Member Lind seconded the motion to adopt. The roll was called and the vote was, AYES: Amos, Schmitt, Welper, Jacobs, Morrissey, Powers and Lind NAYS: None Whereupon,the Mayor declared the resolution duly adopted as follows: RESOLUTION ELECTING CLASSIFICATIONS AND PROCEDURES FOR PROPOSED BOND PROJECTS WHEREAS,this Council proposes to authorize the issuance of general obligation bonds under Chapters 384 and 403 of the Code of Iowa for the purpose of providing funds to pay the costs of the fiscal year 2018 capital improvements projects; and WHEREAS, the projects consist of both essential corporate purposes and general corporate purposes, as those terms are defined in Section 384.24 of the Code of Iowa; and WHEREAS, Section 384.28 of the Code of Iowa provides generally that the definitions of essential corporate purposes and general corporate purposes are not mutually exclusive, and that if a project or activity may be reasonably construed to be included in more than one classification,the Council may elect at any time between the classifications and the procedures respectively applicable to each classification; and WHEREAS,the Chief Financial Officer has proposed that the projects to be funded with the proposed general obligation bonds be classified for purposes of the applicable hearing procedures as set forth in the summary attached hereto and made a part hereof. NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF WATERLOO, IOWA, that the classifications and procedures proposed in the summary attached hereto be and hereby are in all respects approved, and the City Council hereby elects the classifications and procedures indicated on said summary, as authorized by Section 384.28, for purposes of establishing the classifications and hearing procedures applicable to the proposed FY2018 project bonds. PASSED AND APPROVED this 24t`day of April, 2017. 2 Ron Welper, Mayor Pro Tem ATTEST: n Le4 M. Ev , CMC, ICMC Deputy City Clerk 3 Hearing NTE Amount Projects: ECP-1 NTE$11M (11) Police-Reel ace 7petrol vehic]eper year. 150,000 held3/9/2017 (11) PoliceEqui pment-None 35,000 Flood Control Improvements 90,000 Flood Control (2016 Flood Issues) 90,000 Sidewalk Repair/ADA Ramp Compliance 300,000 Bikeway Maintenance 10,000 4th St Bridge Walkway Canopy Repairs& Painting 40,000 Virden Creek Levee 1,650,000 Levee Clear Zone Tree Removal 200,000 US Hwy 63(South Segment)-Match 500,000 Demolition Projects/Housing Incentives 300,000 Command V ehi cl e Rep]acement 75,000 Equipment and Uniforms 20,000 Park Improvement Fund 60,000 Ash Replacement Program 300,000 L ED Emergency L i ghtbars& V ehi c]e Equi pment 20,000 Body Armor Replacement 10,000 Police Information System Program 100,000 In CarAudio/Video Cam 20,000 Tasers 20,000 Digital EvidenceMgt.System 30,000 Traffic Signal Imp.-Adv.Traffic Mgt. System 40,000 Street Light Improvements 25,000 LED Replacement Program 15,000 Traffic Safety Improvement Projects 10,000 Thermoplastic Pavement Markings 10,000 Street Sign Fabrication Equipment& Software 10,000 Video Detection Carrleras 20,000 Traffic Signal I mp.-Ansborough& Downi ng Ave. 69,400 Greenhill Rd& ProgressAve Traff i c Signalization 40,000 Upgrading Controllers and Cabinets to Fiber Optics 20,000 4,279,400 also includes Refunding 2009A 2,845,000 Sewer Projects 1,000,000 8,124,400 ECP-2 NTE$200K (19)Street-Repl. '72 snow blower, loaners,trucks,graders,sweeper 120,000 Earl y Ward ng Si rens 10,100 130,100 GCP-3 NTE$700x (07) Engi need ng-Replace 2005 pickups(4) 24,000 Traffic Control Center Upgrade 20,000 City Facility New Construction/Remodeling Fund 176,000 Swi mmi ng Poo] Renovations 20,000 ADA Compliance 20,000 Library Improvements-Outside Bldg. Maint. 10,000 Center For The Arts-General Maintenance 20,000 Center For TheArts-Restroom Expansions 110,000 Structural & Mechanical Audit-City Bldgs 150,000 Golf Course Improvement Fund 60,000 610,000 GCP-4 NTE$700K Comprehensive Plan Update 42,500 Replace Parking Lot Equipment 220,000 Geographical Information Systems(GIS) 50,000 Computer/Technology Replacement Program 10,000 Business Continuity(Offsite Backup/Disaster Recovery) 21,000 Sports Facilities Improvement Fund 20,000 Off Road Mai ntenance Equi pment-Parks 40,000 Off Road Mai ntenance Equipment-Golf 50,000 Chemical Storage B ui I di ng 15,000 Pol ice Ve h icl e I mpound Storage B Id g 80,000 548,500 GCP-5 NTE$500x Downtown Parking Garages 275,000 Riverfront Stadium Improvement Fund 40,000 Young Arena Improvements 60,000 375,000 GCP-6 NTE$700K 15 Sullivan Bros Convention Cntr Improvements —F-7-00,0001 700,000 ECP/UR-7 NTE$3M Downtown Development Plan 75,000 Rath Tax I ncrement 397,000 Chamberlain Demolition& Redevelopment 15,000 M arti n Road Tax I ncrement 1,800,000 Complete Streets 20,000 2,307,000 ECP/UR-old NTE$8.5M Tech Works-Green HoteVCorp.Training Cntr. 8,0007000 Held 9/8/2015 5 CERTIFICATE STATE OF IOWA ) ) SS COUNTY OF BLACK HAWK ) I, the undersigned Deputy City Clerk of Waterloo, Iowa, do hereby certify that attached is a true and complete copy of the portion of the corporate records of said Municipality showing proceedings of the Council, and the same is a true and complete copy of the action taken by said Council with respect to said matter at the meeting held on the date indicated in the attachment, which proceedings remain in full force and effect, and have not been amended or rescinded in any way; that meeting and all action thereat was duly and publicly held in accordance with a notice of meeting and tentative agenda, a copy of which was timely served on each member of the Council and posted on a bulletin board or other prominent place easily accessible to the public and clearly designated for that purpose at the principal office of the Council (a copy of the face sheet of said agenda being attached hereto)pursuant to the local rules of the Council and the provisions of Chapter 21, Code of Iowa, upon reasonable advance notice to the public and media at least twenty-four hours prior to the commencement of the meeting as required by said law and with members of the public present in attendance; I further certify that the individuals named therein were on the date thereof duly and lawfully possessed of their respective city offices as indicated therein,that no Council vacancy existed except as may be stated in said proceedings, and that no controversy or litigation is pending, prayed or threatened involving the incorporation, organization, existence or boundaries of the City or the right of the individuals named therein as officers to their respective positions. WITNESS my hand and the seal of said Municipality hereto affixed this 24th day of April 2017. C� LeAftn M. Even, CMC, ICMC Deputy City Clerk, Waterloo, Iowa SEAL