HomeMy WebLinkAbout2008-352-5/5/2008 ORIGINAL
(This Notice to be posted)
NOTICE AND CALL OF PUBLIC MEETING
Governmental Body: The City Council of Waterloo, Iowa.
Date of Meeting: May 5 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:
Not to exceed $600,000 General Obligation Bonds.
• 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. (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.
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City Clerk, terloo, Iowa
Nancy Eck rt
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May 5 , 2008
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
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The Mayor announced that this was the time for meeting on the matter of the
issuance of not to exceed $600,000 of general obligation bonds in order to provide funds
to pay costs of the acquisition of capital equipment, computer and other technology
upgrades, office equipment and vehicles for various City departments, operations and
buildings; and the reconstruction and improvement of City golf courses and acquisition of
maintenance equipment for the same; general corporate purposes; and that notice of the
proposal to issue said bonds and the right to petition for an election had been published as
provided by Section 384.26 of the City Code of Iowa. The Mayor then asked the Clerk
whether any petition had been filed in the Clerk's Office, as contemplated in Section
384.26 of the City Code of Iowa, and the Clerk reported that no such petition had been
filed, requesting that the question of issuing said bonds be submitted to the qualified
electors of the City.
Whereupon, the Mayor declared the hearing on the issuance of said bonds to be
closed.
Whereupon, Council Member Steve Schmitt introduced and delivered
to the Clerk the Resolution hereinafter set out entitled "RESOLUTION INSTITUTING
PROCEEDINGS TO TAKE ADDITIONAL ACTION FOR THE AUTHORIZATION
AND ISSUANCE OF NOT TO EXCEED $600,000 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 , 2008, at this place.
Council Member Welper seconded the motion. The roll was
called and the vote was,
AYES: Cole, Getty, Hart, Greenwood, Steve Schmitt,
Welper, Reggie Schmitt
NAYS: none
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Whereupon, the Mayor declared the measure duly adopted.
RESOLUTION NO. 2008-352
RESOLUTION INSTITUTING PROCEEDINGS TO TAKE ADDITIONAL
ACTION FOR THE AUTHORIZATION AND ISSUANCE OF NOT TO
EXCEED $600,000 GENERAL OBLIGATION BONDS
WHEREAS, pursuant to notice published as required by law, the Council has held
a public meeting and hearing upon the proposal to institute proceedings for the issuance
of not to exceed $600,000 General Obligation Bonds for general corporate purposes, in
order to provide funds to pay costs of the acquisition of capital equipment, computer and
other technology upgrades, office equipment and vehicles for various City departments,
operations and buildings; and the reconstruction and improvement of City golf courses
and acquisition of maintenance equipment for the same, and no petition was filed calling
for a referendum thereon. 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 COUNCIL OF THE CITY
OF WATERLOO, IOWA:
Section 1. That this Council does hereby institute proceedings and take additional
action for the authorization and issuance in the manner required by law of not to exceed
$600,000 General Obligation Bonds for the foregoing general 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.
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t
PASSED AND APPROVED this 5th day of
May , 2008.
Mayor Tim Hurley
ATTEST:
cl-/�,eL� - "I -- --- .
City N 0
cy Eckert
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CIG-3
CERTIFICATE
STATE OF IOWA )
) SS
COUNTY OF BLACK HAWK )
1, 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 7th
day of May , 2008.
City erk, a rloo, Iowa
Nancy Ecke
SEAL
DCORNELU 576215.Y/141SWord\11310.082
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