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Home My WebLink About2009-397-05/04/2009 ""IL. (This Notice to be posted) NOTICE AND CALL OF PUBLIC MEETING Governmental Body: The City Council of Waterloo, Iowa. Date of Meeting: May 4 , 2009. Time of Meeting: 5: 30 o'clock P.M. Place of Meeting: Council Chambers, City Hall, Waterloo, Iowa. PUBLIC NOTICE IS HEREBY GIVEN that the above mentioned governmental body will meet at the date, time and place above set out. The tentative agenda for said meeting is as follows: Not to exceed $550,000 General Obligation Bonds. • Resolution fixing date for a meeting on the proposition to issue. Such additional matters as are set forth on the additional 6 page(s) attached hereto. (number) This notice is given at the direction of the Mayor pursuant to Chapter 21, Code of Iowa, and the local rules of said governmental body. City Clerk aterloo, Iowa Nancy Ec rt - I - May 4 , 2009 The City Council of Waterloo, Iowa, met in regular session, in the Council Chambers, City Hall, Waterloo, Iowa, at 5 : 30 o'clock p .M., on the above date. There were present Mayor Tim Hurley , in the chair, and the following named Council Members: Cole, Getty, Hart, Greenwood, Steve Schmitt, Welper, Reggie Schmitt Absent: none * * * * * * * - 2 - Council Member Reggie Schmitt introduced the following Resolution entitled "RESOLUTION FIXING DATE FOR A MEETING ON THE PROPOSITION OF THE ISSUANCE OF NOT TO EXCEED $550,000 OF GENERAL OBLIGATION BONDS AND PROVIDING FOR PUBLICATION OF NOTICE THEREOF", and moved that the same be adopted. Council Member Welper seconded the motion to adopt. The roll was called and the vote was, AYES: Cole, Getty, Hart. Greenwood, Steve Schmitt Welper, Reggie Schmitt NAYS: none Whereupon, the Mayor declared the resolution duly adopted as follows: RESOLUTION NO. 2009-397 RESOLUTION FIXING DATE FOR A MEETING ON THE PROPOSITION OF THE ISSUANCE OF NOT TO EXCEED $550,000 OF GENERAL OBLIGATION BONDS AND PROVIDING FOR PUBLICATION OF NOTICE THEREOF WHEREAS, the City of Waterloo, Iowa, is in need of funds to carry out certain general corporate purpose projects as hereinafter described; and, it is deemed necessary that it should issue general obligation bonds to the amount of not to exceed $550,000 as authorized by Section 3 84.26(5) of the City Code of Iowa, for the purpose of providing funds to pay costs thereof; and WHEREAS, said City has a population of more than 5,000, but not more than 75,000, and the amount of said proposed bond issue is not more than $700,000; and WHEREAS, before said bonds may be issued, it is necessary to comply with the provisions of Chapter 384 of the City Code of Iowa, and to publish a notice of the proposal to issue such bonds and the right to petition for an election. NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF WATERLOO, IOWA: - 3 - Section 1. That this Council meet in the Council Chambers, City Hall, Waterloo, Iowa, at 5: 30 o'clock P .M., on the 18th day of May 2009, for the purpose of taking action on the matter of the issuance of not to exceed $550,000 of General Obligation Bonds, the proceeds of which bonds will be used to provide funds to pay costs of the acquisition of capital equipment, office equipment and vehicles for various City departments, operations and buildings, and shall bear interest at a rate not exceeding the maximum specified in the attached notice. Section 2. That the Clerk is hereby directed to cause at least one publication to be made of a notice of said meeting in a legal newspaper, printed wholly in the English language, published at least once weekly, and having general circulation in said City, said publication to be not less than ten clear days before the date of said public meeting on the issuance of said bonds. Section 3. The notice of the proposed action to issue said bonds shall be in substantially the following form: - 4 - NOTICE OF MEETING OF THE COUNCIL OF THE CITY OF WATERLOO, IOWA, ON THE MATTER OF THE PROPOSED ISSUANCE OF NOT TO EXCEED $550,000 PRINCIPAL AMOUNT OF GENERAL OBLIGATION BONDS (FOR GENERAL CORPORATE PURPOSES), AND HEARING ON ISSUANCE OF SAID BONDS Public Notice is hereby given that the Council of the City of Waterloo, Iowa, will hold a public hearing on the 18th day of May , 2009, at 5: 3 0 o'clock P .M., in the Council Chambers, City Hall, Waterloo, Iowa, at which meeting the Council proposes to take action for the issuance of not to exceed $550,000 of General Obligation Bonds, bearing interest at the rate of not to exceed nine percent (9%) per annum, said bonds to be issued for the purpose of providing funds to pay costs of the acquisition of capital equipment, office equipment and vehicles for various City departments, operations and buildings. At any time before the date of said meeting, a petition, asking that the question of issuing such bonds be submitted to the legal voters of said City, may be filed with the Clerk of said City in the manner provided by Section 362.4 of the City Code of Iowa, pursuant to the provisions of Section 384.26(5) of the City Code of Iowa. This Notice is given by order of the Council of the City of Waterloo, Iowa, as provided by Section 384.26(5) of the City Code of Iowa. Dated at Waterloo, Iowa, this 4th day of May , 2009. cksj- C s. City Cler a Waterloo, Iowa Nancy E rt (End of Notice) - 5 - PASSED AND APPROVED this 4th day of May , 2009. IC91/..-P------1-..-1-ayor Tim Hurley ATTEST: \ (Clo City Clerk N cy Eckert - 6 - CIG-3 CERTIFICATE STATE OF IOWA ) ) SS COUNTY OF BLACK HAWK ) I, the undersigned 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 6th day of May , 2009. City Clerk, aterloo, Iowa Nancy Ec t SEAT= DCORNELL/615823.1(MSWord\l 1310.085 - 7 - oxtt z r Cf) 0 Cl) 1-4 cn C • enH zc1-1 CSO zz n � tri o pox H FTj H C z zo r G) H C Cr) Y. 0 '-r1HH r 0 0 r H • tri 'z'1 H ''t7 O 0 n z tzr rtri 9 Z F-+ C 0 n • • r H (xi r N u, H o O H O z- z G) O o w ri o O D z0 OhiH 1-1 trlH C") tri rzb r � H O • 'ti • Cn rro r 0 O !DJ H rrH F-+ 0 z H O H 1y 0 z