HomeMy WebLinkAbout2020-300-05/4/2020-(ECP/UR-6) ITEMS TO INCLUDE ON AGENDA
CITY OF WATERLOO,IOWA
Not to Exceed $6,600,000 General Obligation Urban Renewal Bonds (ECP/UR-6)
• Resolution fixing date for a meeting on the proposition to issue.
NOTICE MUST BE GIVEN PURSUANT TO IOWA CODE
CHAPTER 21 AND THE LOCAL RULES OF THE CITY.
May 4, 2020
The City Council of the City of Waterloo, State of Iowa, met via electronic means, an in-
person meeting having been determined to be impossible or impractical due to the COVID-19
pandemic, in regular session, at 5:30 P.M., on the above date. There were present Mayor
Quentin Hart, in the chair, and the following named Council Members:
Boesen, Amos, Morrissey, Klein, Feuss, Grieder and Juon
Absent: None
Vacant: None
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Council Member Juon introduced the following Resolution entitled "RESOLUTION
FIXING DATE FOR A MEETING ON THE PROPOSITION OF THE ISSUANCE OF NOT
TO EXCEED $6,600,000 GENERAL OBLIGATION URBAN RENEWAL BONDS OF THE
CITY OF WATERLOO, STATE OF IOWA(FOR ESSENTIAL CORPORATE URBAN
RENEWAL PURPOSES), AND PROVIDING FOR PUBLICATION OF NOTICE THEREOF",
and moved that the same be adopted. Council Member Morrissey seconded the motion to adopt.
The roll was called and the vote was,
AYES: Amos, Morrissey, Klein, Feuss, Grieder, Juon, Boesen
NAYS: None
Whereupon, the Mayor declared the resolution duly adopted as follows:
RESOLUTION NO. 2020-300
RESOLUTION FIXING DATE FOR A MEETING ON THE
PROPOSITION OF THE ISSUANCE OF NOT TO EXCEED
$6,600,000 GENERAL OBLIGATION URBAN RENEWAL
BONDS OF THE CITY OF WATERLOO, STATE OF IOWA
(FOR ESSENTIAL CORPORATE URBAN RENEWAL
PURPOSES), AND PROVIDING FOR PUBLICATION OF
NOTICE THEREOF
WHEREAS, by Resolution No. 1990-644, adopted November 9, 1990, the Council found
and determined that certain areas located within the City are eligible and should be designated as
a blighted and economic development urban renewal area under Iowa law, and approved and
adopted the Rath Area Redevelopment Plan for the Rath Tax Increment Redevelopment Area
described therein,which Plan, as amended, is on file in the office of the Recorder of Black Hawk
County; and
WHEREAS, by Resolution No. 1996-673, adopted November 12, 1996, the Council
found and determined that certain areas located within the City are eligible and should be
designated as an economic development urban renewal area under Iowa law, and approved and
adopted the Martin Road Industrial Development Plan for the Martin Road Development Area,
which Plan, as amended, is on file in the office of the Recorder of Black Hawk County, Iowa;
and
WHEREAS, by Resolution No. 23654, adopted December 23, 1974, the Council found
and determined that certain areas located within the City are eligible and should be designated as
an urban renewal area under Iowa law, and approved and adopted the Downtown Waterloo
Riverfront Urban Renewal and Redevelopment Area Plan for the Downtown Waterloo
Riverfront Urban Renewal and Redevelopment Area described therein, which Plan, as amended,
is on file in the office of the Recorder of Black Hawk County; and
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WHEREAS, by Resolution No. , adopted , the Council
found and determined that certain areas located within the City are eligible and should be
designated as an urban renewal area under Iowa law, and approved and adopted the Northeast
Site Urban Renewal Area Plan for the Northeast Site Urban Renewal Area described therein,
which Plan, as amended, is on file in the office of the Recorder of Black Hawk County; and
WHEREAS, by Resolution No. , adopted ,the Council
found and determined that certain areas located within the City are eligible and should be
designated as an urban renewal area under Iowa law, and approved and adopted the Crossroads
Urban Renewal Area Plan for the Crossroads Urban Renewal Area described therein, which
Plan, as amended, is on file in the office of the Recorder of Black Hawk County; and
WHEREAS, it is deemed necessary and advisable that the City of Waterloo, State of
Iowa, should issue General Obligation Urban Renewal Bonds,to the amount of not to exceed
$6,600,000, as authorized by Sections 384.25 and 403.12, of the Code of Iowa, for the purpose
of providing funds to pay costs of carrying out essential corporate urban renewal purpose
project(s) as hereinafter described; and
WHEREAS, before bonds may be issued, it is necessary to comply with the procedural
requirements of Chapters 384 and 403 of the 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 CITY COUNCIL OF CITY OF
WATERLOO, STATE OF IOWA:
Section 1. That this Council meet at 5:30 P.M., on the 18th day of May, 2020, for the
purpose of taking action on the matter of the issuance of not to exceed$6,600,000 General
Obligation Urban Renewal Bonds, for essential corporate urban renewal purposes, the proceeds
of which bonds will be used to provide funds to pay the costs of aiding in the planning,
undertaking and carrying out of urban renewal projects under the authority of Chapter 403 and
the Urban Renewal Plans for the Downtown Waterloo Urban Renewal and Redevelopment Area,
the Crossroads Urban Renewal Area,the Martin Road Development Area,the Northeast Site
Urban Renewal Area and the Rath Area Redevelopment Area, such as those costs associated
with acquisitions of properties and related demolition and clearance activities, grants to private
developers,public infrastructure projects including streets, streetscape, and utility improvements,
costs of the downtown development plan; and the improvement,reconstruction, equipping and
repair of the Sullivan Convention Center.
Section 2. To the extent any of the projects or activities described in this resolution may
be reasonably construed to be included in more than one classification under Division III of
Chapter 384 of the Code of Iowa,the Council hereby elects the "essential corporate purpose"
classification and procedure with respect to each such project or activity,pursuant to Section
384.28 of the Code of Iowa.
Section 3. That the Clerk is hereby directed to cause at least one publication to be made
of a notice of the meeting, in a legal newspaper,printed wholly in the English language,
published at least once weekly, and having general circulation in the City. The publication to be
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not less than ten clear days nor more than twenty days before the date of the public meeting on
the issuance of the Bonds.
Section 4. The notice of the proposed action to issue bonds shall be in substantially the
following form:
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(To be published on May 6, 2020)
NOTICE OF MEETING OF THE CITY COUNCIL OF THE
CITY OF WATERLOO, STATE OF IOWA, ON THE MATTER
OF THE PROPOSED ISSUANCE OF NOT TO EXCEED
$6,600,000 GENERAL OBLIGATION URBAN RENEWAL
BONDS OF THE CITY (FOR ESSENTIAL CORPORATE
URBAN RENEWAL PURPOSES), AND THE HEARING ON
THE ISSUANCE THEREOF
PUBLIC NOTICE is hereby given that the City Council of the City of Waterloo, State of
Iowa, will hold a public hearing on the 18th day of May, 2020, at 5:30 P.M., at which meeting
the Council proposes to take additional action for the issuance of not to exceed$6,600,000
General Obligation Urban Renewal Bonds, for essential corporate urban renewal purposes,to
provide funds to pay the costs of aiding in the planning, undertaking and carrying out of urban
renewal projects under the authority of Chapter 403 and the Urban Renewal Plans for the
Downtown Waterloo Urban Renewal and Redevelopment Area,the Crossroads Urban Renewal
Area,the Martin Road Development Area,the Northeast Site Urban Renewal Area and the Rath
Area Redevelopment Area, such as those costs associated with acquisitions of properties and
related demolition and clearance activities, grants to private developers,public infrastructure
projects including streets, streetscape, and utility improvements, costs of the downtown
development plan; and the improvement, reconstruction, equipping and repair of the Sullivan
Convention Center.
The City of Waterloo will continue to hold City Council meetings as scheduled, however
in response to COVID-19, elected officials and city staff will participate via videoconferencing
with elected officials and city staff dialing in to the meeting to participate.
The public is invited to speak on public hearing items in the following ways. Call the
City Clerk's Office at 319-291-4323 no later than 4:45 p.m. on the day of the meeting to obtain
conference call information. Alternatively, you may email your comments to
comments@waterloo-ia.org and they will be read during the public hearing. Please state the
public hearing item on which you wish to speak.
At any time before the date of the meeting, a petition, asking that the question of issuing
such Bonds be submitted to the legal voters of the City, may be filed with the Clerk of the City in
the manner provided by Section 362.4 of the Code of Iowa,pursuant to the provisions of
Sections 384.24(3)(q), 384.25 and 403.12 of the Code of Iowa.
At the above meeting the Council shall receive oral or written objections from any
resident or property owner of the City to the above action. After all objections have been
received and considered, the Council will at the meeting or at any adjournment thereof, take
additional action for the issuance of the Bonds or will abandon the proposal to issue said Bonds.
This notice is given by order of the City Council of the City of Waterloo, State of Iowa,
as provided by Chapters 384 and 403 of the Code of Iowa.
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Dated this 4th day of May, 2020.
elley Fele e, ity Clerk, City of Waterloo,
State of Io
(End of Notice)
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PASSED AND APPROVED this 4th day of May, 2020.
Quentin Hart, Mayor
ATTEST:
Kelley Felchle, C Clerk
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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 Cquncilhereto i d this 4th day of May, 2020.
Kelley F chle, City Clerk, City of Waterloo,
State of Iowa
jTgiiet�i
z *
•
go, 'Qw�:
(SEAL)
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
(Not to Exceed$6,600,000 General Obligation Urban Renewal Bonds)
(ECP/UR-6)
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:
May 6, 2020.
WITNESS my official signature this 6th day of May, 2020.
/41-(
Kelley F hle, City Clerk, City of Waterloo,
State of I a
10/
f
$ fp VI P:
(SEAL)
*** Proof of Publication ***
Courier Communications NOTICE OF MEETING OF THE CITY
COUNCIL OF THE CITY OF
100 East 4th Street, Waterloo, Iowa 50703 WATERLOO,STATE OF IOWA,ON THE
Black Hawk County MATTER OF THE PROPOSED
ISSUANCE OF NOT TO EXCEED
URBAN RENENAL BONDS ODGATIHE
URBAN RENEWAL L OF THE
CITY(FOR ESSENTIAL CORPORATE
URBAN RENEWAL PURPOSES),AND
THE HEARING ON THE
ISSUANCE THEREOF
PUBLIC NOTICE is hereby given that the
I do solemnly swear that the annexed copy of notice was published in City Council of the City of Waterloo,State
the WATERLOO/CEDAR FALLS COURIER, a daily newspaper of Iowa,will hold a public on the
18th day of May,2020,at 530 hearing M.,at
printed in WATERLOO, Black Hawk County, Iowa, and that the takewhich additional action for the proposeseting the Council s toff
annexed rate of advertisingis the regular legal rate of said not to exceed ,000 General
9 g Obligation Urban Renewal Bonds, for
newspaper, and that the following is a correct bill for publishing said essential corporate urban renewal purpo-
ses,to provide funds to pay the costs of
notice. aiding in the planning, undertaking and
carrying out of urban renewal projects
under the authority of Chapter 403 and
the Urban Renewal Plans for the
Waterloo, City of- Legals Downtown Waterloo Urban Renewal and
Redevelopment Area, the Crossroads
Urban Renewal Area, the Martin Road
Development Area, the Northeast Site
Urban Renewal Area and the Rath Area
715 MULBERRY ST. Redevelopment Area, such as those
costs associated with acquisitions of
properties and related demolition and
WATERLOO IA 50703 clearance activities, grants to private
developers, public infrastructure projects
including streets, streetscape, and utility
improvements, costs of the downtown
development plan;and the improvement,
ORDER NUMBER 181374 the SullivanroConvention Center repair of
The City of Waterloo will continue to hold
City Council meetings as scheduled,
however in response to COVID-19,
/ elected officials and city staff with
participateletoff via nitle city
a di ilig wito
elected officials and py staff dialing in to
�4 ��i the public inparticipate.vited
The public is to speak on public
hearing items in the following ways.Call
Signed the later than 4:45°pm. one at 3 the day 32of3no
the
Mill
' ' �-yi meeting to obtain conference call informa-
tion.Subscribed and sworn to before me thia of , 2fJ�► Alternatively, you may email your
y J comments to comments®waterloo-ia.org
and they will be read during the public
• flulLVL _J
hearing. Please state the public hearing
item on which you wish to speak.
At any time before the date of the
meeting, a petition, asking that the
Notary Public questionofissuing a such Bonds be
submittedto theilegal gl voters of the City,
may be filed with the Clerk of the City In
the manner provided by Section 362.4 of
the Code of Iowa, pursuant to the
Received of provisions of Sections 384.24(3)(q),
384.25 and 403.12 of the Code of Iowa.
At the above meeting the Council shall
receive oral or written objections from any
the sum of Dollars in full resident or property owner of the City to
the above action.After all objections have
for publication of the above invoice. been received and considered, the
Council will at the meeting or at any
1r1
adjournment thereof, take additional
Notary Seal: •�+"`•. JODI E MCKINSTRY action for the issuance of the Bonds or
will abandon the proposal to issue said
'i _ice:, �'.COMMlSSI0' NO.782413' Bonds.
« ,
This notice is given by order of the City
::k 0 my r ► 71 c M Council of the City of Waterloo, State of
'i�/1.ra� Iowa, as provided by Section 384.26 of
a - - tth0e20Code of Iowa Felchle, �t,yyon this 4th day of May,
Section: Legals
KCategory: 950 Legal Notice City of Waterloo,Sta eeof'Iowa
PUBLISHED ON: 05/06/2020
TOTAL AD COST: 42.11
FILED ON: 5/18/2020