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Home My WebLink About2007-828-9/24/2007 ORIGINAL (This Notice to be posted) NOTICE AND CALL OF PUBLIC MEETING Governmental Body: The City Council of Waterloo, Iowa. Date of Meeting: September 24 , 2007. 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: • Resolution fixing date for a meeting on the proposal to reallocate certain unspent proceeds of the General Obligation Bonds, Taxable Series 2006B, 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 Clerk, at loo, Iowa Nancy Ecke "l., September 24 , 2007 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: Kincaid, Welpor, Gunderson, Greenwood, Getty, Cole, Schmitt Absent: none - 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, TAXABLE SERIES 2006B, 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: Kincaid, welper, Gunderson Greenwood Getty, Cole, Schmitt NAYS: none Whereupon, the Mayor declared the resolution duly adopted as follows: RESOLUTION NO. 2007-828 RESOLUTION FIXING DATE FOR A MEETING ON THE PROPOSAL TO REALLOCATE CERTAIN UNSPENT PROCEEDS OF THE GENERAL OBLIGATION BONDS, TAXABLE SERIES 2006B, AND PROVIDING FOR PUBLICATION OF NOTICE THEREOF WHEREAS, pursuant to a Resolution approved on June 12, 2006, the City Council of the City of Waterloo, Iowa has previously issued its General Obligation Bonds, Taxable Series 2006B, in the aggregate principal amount of$1,900,000 (the "Taxable Series 2006B Bonds"), for the purpose of paying costs of the acquisition, construction and improvement of real and personal property useful for the protection of property from floods or high waters, including flood control and drainage improvements; the construction, reconstruction and repairing of street, sidewalk and intersection improvements; the improvement and repair of bridges; the acquisition, construction and installation of storm sewer and sanitary sewer improvements; the acquisition of vehicles and capital equipment for the Police, Fire Rescue and Street Departments; the acquisition, rehabilitation and demolition of abandoned, dilapidated or dangerous buildings; the rehabilitation and improvement of City parks and the acquisition, repair and replacement of facilities, equipment and improvements commonly found in City parks, including bikeway development, tennis court improvements and mowing equipment; and the acquisition, improvement and installation of traffic control devices, signage, fixtures and equipment, including traffic signal and street light improvements; and the acquisition and improving of the automated GIS/GPS mapping system; the aiding in the planning, - 3 - 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 and the Rath Tax Increment Redevelopment Area, including consulting fees and other planning expenses, property acquisitions and clearance for public and private redevelopment, and incentive payments relating to the acquisition and private redevelopment of properties within such areas; the reconstruction, remodeling, improvement and repairing of City buildings and facilities, including the Five Sullivan Brothers Center, Young Arena, Police Department, Fire Stations, and Public Library; the reconstruction, renovation and improvement of the Riverfront Stadium, swimming pools and sports facilities; and improvements to the Center for the Arts; and WHEREAS, certain proceeds of the Taxable Series 2006B Bonds remain unspent, and City staff has recommended that certain unspent proceeds and interest earnings in the aggregate amount of not to exceed $130,000 (hereinafter referred to as the "Unspent Proceeds") be applied for the purpose of defraying all or a portion of the costs of purchasing a zamboni; 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 384.26(5) should apply, being the procedure that would apply had such a purpose been proposed initially to be funded with the Taxable Series 2006B Bonds, and that a hearing be held upon the proposal to reallocate the Unspent Proceeds to provide funds for the purchase of a zamboni. 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 15th day of October , 2007, for the purpose of taking action on the matter of the proposed reallocation of the Unspent Proceeds of the Taxable Series 2006B Bonds to provide funds for the purchase of a zamboni. 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 ten clear 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, TAXABLE SERIES 2006B, 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 15 th day of October , 2007, at 5 n 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 and interest earnings on the General Obligation Bonds, Taxable Series 2006B (the "Taxable Series 2006B Bonds") of the City of Waterloo, Iowa, in the aggregate amount of not to exceed $130,000, in order to provide funds to pay costs of the purchase of a zamboni. 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 Taxable Series 2006B Bonds for the above purpose. At any time before the date of the meeting, a petition, asking that the question of the proposed reallocation of such bond proceeds 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 City Code of Iowa, pursuant to the provisions of Section 384.26(5) of the City Code of Iowa. This Notice is given by order of the Council of Waterloo, Iowa, as provided by Sections 364.6 and 384.26(5) of the Code of Iowa, 2007, as amended. Dated this 24th day of September , 2007. City Clerk of W t loo, Iowa Nancy Eckert (End of Notice) - 5 - 2007. PASSED AND APPROVED this 24th day of September l Mayor Tim Hurl ATTEST: City Clerk Na Eckert - 6 - f 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 26th day of September , 2007. City Clerk, Wat r oo, Iowa Nancy Eckert SEAL- DCORNELL/553969.1/Nv1SWord1113 10000 - 7 - ' • 5 0 1.tdb 7 7 O h7 � racn Hro w Ci r r Cao = rr� HnH r �+ > " H O H 0 nztT, z a H td n ti o tri H cn a z 7, z M H t7 cn z a C a O O �CZH r Hacntil C H tm �v H nrte �11 ti] tri H 0 0 H cn xteroa z rrir� �o o x, Ho �9: to to n to O Cn tri tv N 71 M H O N d H O ocnz �, O � � ON O 00 tC tl O N z 00 H axH zrnx r rn c� btnb zzz� otno c � ~d Sao dren H •n z r c� H 0