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Home My WebLink About2008-417-5/19/2008 URIGINAL (This Notice to be posted) NOTICE AND CALL OF PUBLIC MEETING Governmental Body: The City Council of Waterloo, Iowa. Date of Meeting: May 19 , 2008. Time of Meeting: 5: 3 0 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: • Resolution fixing date for a meeting on the proposal to reallocate certain unspent proceeds of the General Obligation Bonds, Series 2007A, and providing for publication of notice thereof 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 Jerk, 80erloo, Iowa Nancy Eckert .,1'" � a J s May 19 52008 The City Council of Waterloo, Iowa, met in regular session, at veterans Memorial 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, Hart, Steve Schmitt Welper, Reggie Schmitt Absent: Getty, Greenwood '2 " Council Member Cole 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 2007A, AND PROVIDING FOR PUBLICATION OF NOTICE THEREOF", and moved that the same be adopted. Council Member Hart seconded the motion to adopt. The roll was called and the vote was, AYES: Cole, Hart, Steve Schmitt, Welpe_r, Reggie Schmitt NAYS: none Whereupon, the Mayor declared the resolution duly adopted as follows: RESOLUTION NO. 2008-417 RESOLUTION FIXING DATE FOR A MEETING ON THE PROPOSAL TO REALLOCATE CERTAIN UNSPENT PROCEEDS OF THE GENERAL OBLIGATION BONDS, SERIES 2007A, AND PROVIDING FOR PUBLICATION OF NOTICE THEREOF WHEREAS, pursuant to a Resolution approved on June 18, 2007, the City Council of the City of Waterloo, Iowa has previously issued its General Obligation Bonds, Series 2007A, in the aggregate principal amount of$19,620,000 (the "Series 2007A Bonds"), for the purpose of paying costs, among other things, of aiding in the planning, undertaking and carrying out of urban renewal project activities under Chapter 403 of the Code of Iowa, as amended, and the Urban Renewal Plans for the San Marnan Urban Renewal Area, the Logan Tax Increment Redevelopment Area, the Rath Tax Increment Redevelopment Area, the Martin Road District, and the Downtown Waterloo Riverfront Urban Renewal and Redevelopment Area, including property acquisitions, demolition, and clearance for public and private redevelopment, incentive payments relating to the acquisition and private redevelopment of properties within such areas, and the construction, repair and improvement of the East Park Avenue Parking Ramp Facility;and -3� WHEREAS, certain proceeds of the Series 2007A Bonds remain unspent, and City staff has recommended that not to exceed $600,000 of such unspent proceeds (hereinafter referred to as the "Unspent Proceeds") be applied for the purpose of paying costs of improvements to the Commercial Street Parking Ramp; 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 the purpose of paying costs of improvements to the Commercial Street Parking Ramp. 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, Waterloo, Iowa, at 5: 30 o'clock_P.M., on the 2nd day of June , 2008, for the purpose of taking action on the matter of the proposed reallocation of the Unspent Proceeds of the Series 2007A Bonds to pay costs of improvements to the Commercial Street Parking Ramp. 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 clear days nor more than twenty days before the date of said public meeting. Section 3. The notice of the proposed action shall be in substantially the following form: -4- 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 2007A, 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 2nd day of ,Tune , 2008, at s- 10 o'clock P.M., in the Council Chambers, City Hall, Waterloo, Iowa, at which meeting the Council proposes to take additional action for the reallocation of certain unspent proceeds of the General Obligation Bonds, Series 2007A (the "Series 2007A Bonds") of the City of Waterloo, Iowa, in the aggregate amount of not to exceed $600,000, in order to pay costs of improvements to the Commercial Street Parking Ramp. 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 Series 2007A Bonds for the above purpose. 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, 2008, as amended. Dated this 19th day of May , 2008. City lerkaterloo, Iowa Nancy Eckert '(End of Notice) -5- PASSED AND APPROVED this 19th day of May , 2008. Mayor Tim Hurley ATTEST: City Jerk a cy Eckert -6- t a 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 21_,t- day i Gt day of May 2008. City Clerk, rloo, Iowa Nancy Eckert SEAL DCORNELW 579247.1/MSWord\l 1310.000 -7- H W rJ 7.1 x o m m mzaCl) ;cJ t j C) mcnrr o- o � rn nH cn a H mHo � rnz H mnm cnmH x � N H H o a z O H [� z ;n a d m (= a cn zH o a cn m r zb C= r� mrn H zo H '7Hb o � z ova C 7y z H O O tjnm " mm Z m H N � ti H O cn z o 'z7 M on cc 7� ori O A b H � rnmx r m H n nmro az " H m O H �7 b oao zrcn a oor rnW rH zHo o c� H a H H n H rno z