HomeMy WebLinkAbout2012-507-05/29/2012 (This Notice to be posted)
NOTICE AND CALL OF PUBLIC MEETING
Governmental Body: The City Council of Waterloo, Iowa.
Date of Meeting: May 29, 2012.
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 $6,950,000 General Obligation Refunding Bonds (ECP-8)
Public hearing on the issuance.
Resolution instituting proceedings to take additional action.
Such additional matters as are set forth on the additional 5 page(s) attached hereto.
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.
uzy Schar s, City Clerk, Waterloo, Iowa
May 29, 2012
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 Ernest G. Clark, in the chair, and the following named Council
Members:
Cole, Getty, Jones, Greenwood, Schmitt, Welper, Hart
Absent: none
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The Mayor announced that this was the time and place for the public hearing and
meeting on the matter of the issuance of not to exceed$6,950,000 General Obligation
Refunding Bonds in order to provide funds to pay costs of refunding outstanding general
obligation indebtedness of the City, consisting of the General Obligation Bonds, Series
2003A, dated June 15, 2003, General Obligation Bonds, Series 2005A, dated June 1,
2005, and General Obligation Bonds, Series 2005B, dated June 1, 2005, essential
corporate purposes, and that notice of the proposed action by the Council to institute
proceedings for the issuance of said bonds, had been published pursuant to the provisions
of Section 384.25 of the City Code of Iowa.
The Mayor then asked the Clerk whether any written objections had been filed by
any City resident or property owner to the issuance of said Bonds. The Clerk advised the
Mayor and the Council that no written objections had been filed. The Mayor then called
for oral objections to the issuance of said bonds and none were made. Whereupon, the
Mayor declared the time for receiving oral and written objections to be closed.
(Attach here a summary of objections •
received or made, if any)
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The Council then considered the proposed action and the extent of objections
thereto.
Whereupon, Council Member Cole introduced and delivered to the Clerk the
Resolution hereinafter set out entitled "RESOLUTION INSTITUTING PROCEEDINGS
TO TAKE ADDITIONAL ACTION FOR THE ISSUANCE OF NOT TO EXCEED
$6,950,000 GENERAL OBLIGATION BONDS", and moved:
X that the Resolution be adopted.
❑ to ADJOURN and defer action on the Resolution and the proposal to institute
proceedings for the issuance of bonds to the meeting to be held at o'clock
.M. on the day of , 2012, at this place.
Council Member Hart seconded the motion. The roll was called and the vote was,
AYES: Cole, Getty, Jones, Greenwood, Schmitt, Welper, Hart
NAYS: none
Whereupon, the Mayor declared the measure duly adopted.
RESOLUTION NO. 2012-507
RESOLUTION INSTITUTING PROCEEDINGS TO TAKE
ADDITIONAL ACTION FOR THE ISSUANCE OF NOT
TO EXCEED $6,950,000 GENERAL OBLIGATION
BONDS
WHEREAS, pursuant to notice published as required by law, this Council has held
a public meeting and hearing upon the proposal to institute procee
dings for the issuance
of not to exceed 6 950 0$ , 00 General Obligation Bonds for the essential corporate
purposes of paying costs of refunding outstanding general obligation indebtedness of the
City, consisting of the General Obligation Bonds, Series 2003A, dated June 15, 2003,
General Obligation Bonds, Series 2005A, dated June 1, 2005, and General Obligation
Bonds, Series 2005B, dated June 1, 2005, and has considered the extent of objections
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received from residents or property owners as to said proposed issuance of bonds; and,
accordingly the following action is now considered to be in the best interests of the City
and residents thereof:
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF WA I ERLOO, IOWA:
Section 1. That this Council does hereby institute proceedings and take additional
action for the sale and issuance in the manner required by law of not to exceed
$6,950,000 General Obligation Bonds for the foregoing essential corporate purposes.
Section 2. The Clerk and Chief Financial Officer are authorized and directed to
proceed on behalf of the City with the sale of said Bonds, to select a date for the sale
thereof, to cause to be prepared such notice and sale information as may appear
appropriate, to publish and distribute the same on behalf of the City and this Council and
otherwise to take all action necessary to permit the sale of said Bonds on a basis
favorable to the City and acceptable to the Council.
PASSED AND APPROVED this 29th day May, 2012.
,rettel-"? s/2
Ernest G. Clark, Mayor
AT I'bST:
O
Suzy Schar , City Clerk
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CERTIFICA 1'E
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 29t1i day
of May, 2012.
Suzy Schar s, City - , erloo, Iowa
SEAL
00868655-1\11310-095
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