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Home My WebLink About2019-936-12/09/2019 ITEMS TO INCLUDE ON AGENDA CITY OF WATERLOO, IOWA • Resolution fixing date for a meeting on the proposal to reallocate certain unspent proceeds of the General Obligation Bonds, Series 2016A, and providing for publication of notice thereof NOTICE MUST BE GIVEN PURSUANT TO IOWA CODE CHAPTER 21 AND THE LOCAL RULES OF THE CITY. December 9, 2019 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: Bruce Jacobs, Pat Morrissey, Margaret Klein, Jerome Amos, Steve Schmitt and Sharon Juon Council Member Ray Feuss joined the meeting via telephone Absent: None Vacant: None * * * * * * * - 1 - Council Member Juon introduced the following Resolution entitled "RESOLUTION FIXING DATE FOR A MEETING ON THE PROPOSAL TO REALLOCATE CERTAIN UNSPENT PROCEEDS OF THE GENERAL OBLIGATION BONDS, SERIES 2016A, OF WATERLOO, IOWA, 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: Jacobs, Morrissey, Feuss, Klein, Amos, Schmitt NAYS: None Whereupon, the Mayor declared the resolution duly adopted as follows: Resolution No. 2019-936 RESOLUTION FIXING DATE FOR A MEETING ON THE PROPOSAL TO REALLOCATE CERTAIN UNSPENT PROCEEDS OF THE GENERAL OBLIGATION BONDS, SERIES 2016A, OF WATERLOO, IOWA, AND PROVIDING FOR PUBLICATION OF NOTICE THEREOF WHEREAS, the City Council of the City of Waterloo, Iowa has previously issued its General Obligation Bonds, Series 2016A (the "Series 2016A Bonds") in the principal amount of $8,605,000,to pay the costs of various city improvement projects; and WHEREAS, certain proceeds of the Series 2016A Bonds remain unspent, and City staff has recommended that not to exceed$550,000 of unspent proceeds of the Series 2016A Bonds originally related to the projects described above (hereinafter referred to as the "Unspent Proceeds")be applied for the purpose of paying costs associated with the reconstruction and improvement of dams already owned (the "Project"); and WHEREAS, there being no procedure specified under Iowa law for consideration or approval of such a reallocation, it is hereby determined, pursuant to Section 364.6 of the Code of Iowa, that the procedure set forth in Section 384.25 should apply and that a hearing be held upon the proposal to reallocate the Unspent Proceeds to provide funds for paying costs of the Project. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WATERLOO, 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 30th day of December, 2019, for the purpose of taking action on the matter of the proposed reallocation of not to exceed $550,000 of unspent proceeds of Series 2016A Bonds to provide funds for paying costs associated with the reconstruction and improvement of dams already owned. - 2 - Section 2. That the City Clerk is hereby directed to cause one publication to be made of 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 four nor more than twenty clear days before the date of said public meeting. Section 3. The notice of the proposed action shall be in substantially the following form: - 3 - NOTICE OF MEETING OF THE CITY COUNCIL OF THE CITY OF WATERLOO, IOWA, ON THE MATTER OF THE PROPOSED REALLOCATION OF CERTAIN UNSPENT PROCEEDS OF THE GENERAL OBLIGATION BONDS, SERIES 2016A, OF THE CITY OF WATERLOO, IOWA, AND THE PUBLIC HEARING THEREON PUBLIC NOTICE is hereby given that the Council of the City of Waterloo, Iowa, will hold a public hearing on the 30th day of December 2019, 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 reallocation of not to exceed $550,000 of unspent proceeds of the General Obligation Bonds, Series 2016A of the City of Waterloo, Iowa, in order to provide funds to pay costs associated with the reconstruction and improvement of dams already owned. Any person interested may appear at the public hearing, either orally or in writing, and be heard as to the reallocation of said proceeds of the General Obligation Bonds, Series 2016A, for the above purposes. This Notice is given by order of the Council of Waterloo, Iowa, as provided by Sections 364.6 and 384.25 of the Code of Iowa, 2019, as amended. Dated this 9th day of December, 2019. City Clerk, City of Waterloo, State of Iowa (End of Notice) - 4 - PASSED AND APPROVED this 9th day of December, 2019. ak-CLA71,/>-- Quentin Hart, Mayor ATTEST: Kelley Fe1cr_ e, City Clerk - 5 - 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 9th day of December, 2019. tit// / Kelley Fel,le, City Clerk, City of Waterloo, State of I•,, a - (SEAL) 01660461-1\11310-000 CERTIFICATE STATE OF IOWA ) ) SS COUNTY OF BLACK HAWK ) I, the undersigned, do hereby certify that I am now and was at the times hereinafter mentioned, the duly qualified and acting Clerk of the City of Waterloo, in the County of Black Hawk, State of Iowa, and that as such Clerk and by full authority from the Council of the City, I have caused a NOTICE OF PUBLIC HEARING (Reallocation of General Obligation Bonds, Series 2016A) of which the clipping annexed to the publisher's affidavit hereto attached is in words and figures a correct and complete copy, to be published as required by law in the "Waterloo Courier", a legal newspaper published at least once weekly,printed wholly in the English language, published regularly and mailed through the post office of current entry for more than two years and which has had for more than two years a bona fide paid circulation recognized by the postal laws of the United States, and has a general circulation in the City, and that the Notice was published in all of the issues thereof published and circulated on the following date: December 13, 2019. WITNESS my official signature this 14th day of December, 2019. / , (j(44)2.-- , ity Clerk, (y of Waterloo, State of Iowa (SEAQ,) } I do solemnly swear that the annexed copy of legal STATE OF IOWA, City of Waterloo Public Hearing: Reallocation of Certain Unspent Proceeds of the General Obligation Bonds, Series Black Hawk County, SS 2016A Notice was published in the Waterloo-Cedar Falls Courier, a daily newspaper printed in Waterloo, Black Hawk County, Iowa, once commencing on the 13th NOTICE OF MEETING OF THE CITY day of December, 2019 in the name of said COUNCIL OF THE CITY OF WATER- LOO,IOWA,ON THE MATTER OF THE newspaper, and that the annexed rate of advertised is PROPOSED REALLOCATION OF CER- TAIN UNSPENT PROCEEDS OF THE the regular legal rate of said newspaper, and that the GENERAL OBLIGATION BONDS, SER- IES 2016A,OF THE CITY OF WATER- followingis bill for publishingsaid notice. LOO, IOWA, AND THE PUBLIC HEAR- ING a correct THEREON PUBLIC NOTICE is hereby given that the Council of the City of Waterloo,Iowa,will Printer's Bill $17.55 hold a public hearing on the 30th day of December 2019, at 5:30 P.M., in the Council Chambers,City Hall,715 Mulber- ry Street, Waterloo, Iowa, at which meeting the Council proposes to take additional action for the reallocation of not to exceed$550,000 of unspent proceeds of the General Obligation Bonds, Series 2016A of the City of Waterloo, Iowa, in order to provide funds to pay costs assn iatart.-witL_;he reconstruction-and improvement of dams already owned. Any person interested may appear at the public hearing,either orally or in writing, and be heard as to the reallocation of said proceeds of the General Obligation Bonds, Series 2016A, for the above purposes. ( /t'3 This Notice is given by order of the _ f o e. Council of Waterloo,Iowa,as provided by � / Sections 364.6 and 384.25 of the Code of Iowa,2019,as amended.Dated this 9th day of December,2019. Signed Kelley Felchle,City Clerk Subscribed and sworn to before me this 1 Ti . Day of A.D., 20 A A 0,C Notary Publi Received of the sum of Dollars. In full for publication of the above notice. it*°'"`•. JODI E MCKINSTRY/ = T' COM SSIO NO 782418 •z � � �YrffY'' 4- Ems