HomeMy WebLinkAbout2018-096-2/19/2018 C �
February 19, 2018
The City Council of the City of Waterloo, State of Iowa, met in regular 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:
Margaret Klein, Bruce Jacobs, Patrick Morrissey, Chris Shimp,
Jerome Amos, Jr., Sharon Juon and Steve Schmitt
Absent: None
Vacant: None
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Council Member Juon introduced the following Resolution entitled 'RESOLUTION
FIXING DATE FOR A MEETING ON THE PROPOSITION OF THE ISSUANCE OF NOT
TO EXCEED $11,500,000 GENERAL OBLIGATION BONDS OF THE CITY OF
WATERLOO, STATE OF IOWA (FOR ESSENTIAL CORPORATE PURPOSES), AND
PROVIDING FOR PUBLICATION OF NOTICE THEREOF", and moved that the same be
adopted. Council Member Schmitt seconded the motion to adopt. The roll was called and the
vote was,
AYES: Klein, Jacobs, Morrissey, Shimp, Amos, Juon, Schmitt
NAYS: None
Whereupon, the Mayor declared the resolution duly adopted as follows:
RESOLUTION NO. 2018-096
RESOLUTION FIXING DATE FOR A MEETING ON THE
PROPOSITION OF THE ISSUANCE OF NOT TO EXCEED
$11,500,000 GENERAL OBLIGATION BONDS OF THE CITY
OF WATERLOO, STATE OF IOWA(FOR ESSENTIAL
CORPORATE PURPOSES), AND PROVIDING FOR
PUBLICATION OF NOTICE THEREOF
WHEREAS, it is deemed necessary and advisable that the City of Waterloo, State of
Iowa, should issue General Obligation Bonds,to the amount of not to exceed $11,500,000, as
authorized by Section 384.25, of the Code of Iowa, for the purpose of providing funds to pay
costs of carrying out essential corporate purpose project(s) as hereinafter described; and
WHEREAS, before the Bonds may be issued, it is necessary to comply with the
provisions of the Code, and to publish a notice of the proposal to issue such bonds and of the
time and place of the meeting at which the Council proposes to take action for the issuance of the
Bonds and to receive oral and/or written objections from any resident or property owner of the
City to such action.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF CITY OF
WATERLOO, STATE OF IOWA:
Section 1. That this Council meet in the Council Chambers, City Hall, 715 Mulberry
Street, Waterloo, Iowa, at 5:30 P.M., on the 26b day of February, 2018, for the purpose of
taking action on the matter of the issuance of not to exceed$11,500,000 General Obligation
Bonds, for essential corporate purposes,the proceeds of which bonds will be used to provide
funds to pay the costs of the acquisition, improvement and installation of traffic control devices,
signage, fixtures, equipment and improvements, including but not limited to traffic signal,
pavement markings,traffic safety, fiber optics installation, and street light fixtures, connections,
and facility improvements;the acquisition and installation of emergency services communication
equipment and systems, including early warning sirens;the acquisition of vehicles and
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equipment for the Police and Fire Rescue Departments, including fire engines;the acquisition of
vehicles and equipment for the street, public works and sign and traffic departments; the
rehabilitation and improvement of City parks and the acquisition, repair and replacement of
facilities, equipment and improvements commonly found in City parks;the removal,
replacement and planting of trees in parks and public grounds; the construction,reconstruction
and repairing of street, sidewalk,trail, alley, public ground, marketplace,bridge, pedestrian
underpass and overpass repairs and reconstruction, and intersection improvements; the
acquisition, construction and improvement of real and personal property useful for the protection
of property from floods or high waters, including flood control, levees, embankments, waterway,
storm water and drainage improvements; the removal or replacement of dead or diseased trees;
the acquisition and demolition of dangerous or dilapidated buildings, structures or properties, or
funding multi-family housing assistance; and refunding or refinancing outstanding debt,
including General Obligation Bonds, Series 2010A(Taxable Build America Bonds) dated June
29, 2010.
Section 2. To the extent any of the projects or activities described in this resolution may
be reasonably construed to be included in more than one classification under Division III of
Chapter 384 of the Code of Iowa,the Council hereby elects the "essential corporate purpose"
classification and procedure with respect to each such project or activity, pursuant to Section
384.28 of the Code of Iowa.
Section 3. That the Clerk is hereby directed to cause at least one publication to be made
of a notice of the meeting, in a legal newspaper, printed wholly in the English language,
published at least once weekly, and having general circulation in the City. The publication to be
not less than four clear days nor more than twenty days before the date of the public meeting on
the issuance of the Bonds.
Section 4. The notice of the proposed action to issue bonds shall be in substantially the
following form:
NOTICE OF MEETING OF THE CITY COUNCIL OF THE CITY OF WATERLOO, STATE
OF IOWA, ON THE MATTER OF THE PROPOSED ISSUANCE OF NOT TO EXCEED
$11,500,000 GENERAL OBLIGATION BONDS OF THE CITY(FOR ESSENTIAL
CORPORATE PURPOSES), AND THE HEARING ON THE ISSUANCE THEREOF
PUBLIC NOTICE is hereby given that the City Council of the City of Waterloo, State of
Iowa,will hold a public hearing on the 26th day of February, 2018, at 5:30 P.M., in the Council
Chambers, City Hall, 715 Mulberry Street, Waterloo, Iowa, at which meeting the Council
proposes to take additional action for the issuance of not to exceed $11,500,000 General
Obligation Bonds, for essential corporate purposes,to provide funds to pay the costs of the
acquisition, improvement and installation of traffic control devices, signage, fixtures, equipment
and improvements, including but not limited to traffic signal,pavement markings,traffic safety,
fiber optics installation, and street light fixtures, connections, and facility improvements; the
acquisition and installation of emergency services communication equipment and systems,
including early warning sirens;the acquisition of vehicles and equipment for the Police and Fire
Rescue Departments, including fire engines; the acquisition of vehicles and equipment for the
street,public works and sign and traffic departments; the rehabilitation and improvement of City
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parks and the acquisition, repair and replacement of facilities, equipment and improvements
commonly found in City parks; the removal, replacement and planting of trees in parks and
public grounds; the construction, reconstruction and repairing of street, sidewalk, trail, alley,
public ground, marketplace,bridge,pedestrian underpass and overpass repairs and
reconstruction, and intersection improvements; the acquisition, construction and improvement of
real and personal property useful for the protection of property from floods or high waters,
including flood control, levees, embankments, waterway, storm water and drainage
improvements; the removal or replacement of dead or diseased trees; the acquisition and
demolition of dangerous or dilapidated buildings, structures or properties, or funding multi-
family housing assistance; and refunding or refinancing outstanding debt, including General
Obligation Bonds, Series 2010A(Taxable Build America Bonds) dated June 29, 2010.
At the above meeting the Council shall receive oral or written objections from any
resident or property owner of the City to the above action. After all objections have been
received and considered, the Council will at the meeting or at any adjournment thereof, take
additional action for the issuance of the Bonds or will abandon the proposal to issue said Bonds.
This notice is given by order of the City Council of the City of Waterloo, State of Iowa,
as provided by Section 384.25 of the Code of Iowa.
Dated this 19th day of February, 2018.
Kelley Felchle, City Clerk, City of Waterloo,
State of Iowa
PASSED AND APPROVED this 19t`day of February, 2018.
=_ Quentin Hart, Mayor
ATTEST:
If
elley Felc , City Clerk
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CERTIFICATE
STATE OF IOWA )
) SS
COUNTY OF BLACK HAWK )
I,the undersigned City Clerk of the City of Waterloo, State of Iowa, do hereby certify
that attached is a true and complete copy of the portion of the records of the City showing
proceedings of the Council, and the same is a true and complete copy of the action taken by the
Council with respect to the 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 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 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 the 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 the Council hereto affixed this 19th day of February,
2018.
elley Fe h e, City Clerk, City of Waterloo,
State of IdUva
(SAIdj �