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Home My WebLink About2007-487-6/18/2007 ORIGINAL (This Notice to be posted) NOTICE AND CALL OF PUBLIC MEETING Governmental Body: The City Council of Waterloo, Iowa. Date of Meeting: June 18 , 2007. 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: General Obligation bonds, Series 2003A • Public hearing on the proposed reallocation of unspent proceeds. • 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. City Clerk, erloo, Iowa Nancy Ecke t aatt c z 410190, i r June 18 92007 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, Welper, Gunderson, Greenwood, Getty, Schmitt Absent: Cole The Mayor announced that this was the time and place for the public hearing and meeting on the matter of the proposed reallocation of not to exceed $100,000 of interest earnings on the unspent proceeds of the General Obligation Bonds, Series 2003A, in order to provide funds to pay costs of the acquisition and installation of building inspection software applications and related computer equipment upgrades, and that notice of the proposed action by the Council to institute proceedings for the proposed reallocation had been published pursuant to the provisions of Sections 364.6 and 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 proposed reallocation. The Clerk advised the Mayor and the Council that 0 written objections had been filed. The Mayor then called for oral objections to the proposed reallocation and 0 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) '"2'" The Council then considered the proposed action and the extent of objections thereto. Whereupon, Council Member Greenwood introduced and delivered to the Clerk the Resolution hereinafter set out entitled "RESOLUTION INSTITUTING PROCEEDINGS TO TAKE ADDITIONAL ACTION AND APPROVING THE REALLOCATION OF CERTAIN UNSPENT PROCEEDS OF THE GENERAL OBLIGATION BONDS, SERIES 2003A, OF THE CITY OF WATERLOO, IOWA", and moved: xx that the Resolution be adopted. ❑ to ADJOURN and defer action on the Resolution and the proposal to institute proceedings for the proposed reallocation to the meeting to be held at o'clock_.M. on the day of , 2007, at this place. Council Member Schmitt seconded the motion. The roll was called and the vote was, AYES: Kincaid Welper, Gunderson, Greenwood . Getty, Schmitt NAYS: none Whereupon, the Mayor declared the measure duly adopted. RESOLUTION NO. 2007-487 RESOLUTION INSTITUTING PROCEEDINGS TO TAKE ADDITIONAL ACTION AND APPROVING THE REALLOCATION OF CERTAIN UNSPENT PROCEEDS OF THE GENERAL OBLIGATION BONDS, SERIES 2003A, OF THE CITY OF WATERLOO, IOWA -3- WHEREAS, pursuant to notice published as required by law, this Council has held a public meeting and hearing upon the proposal to institute proceedings for the reallocation of certain interest earnings on the unspent proceeds, in the amount of not to exceed $100,000 (the "Unspent Proceeds") of the General Obligation Bonds, Series 2003A, of the City of Waterloo, Iowa, to provide funds to pay costs of the acquisition and installation of building inspection software applications and related computer equipment upgrades, and has considered the extent of objections received from residents or property owners as to said proposal 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 WATERLOO, IOWA: Section 1. That this Council does hereby institute proceedings and takes additional action for the reallocation of the Unspent Proceeds of the General Obligation Bonds, Series 2003A, for the foregoing purpose, and the reallocation of the Unspent Proceeds to pay costs of the acquisition and installation of building inspection software applications and related computer equipment upgrades is in all respects authorized and approved. Section 2. The Chief Financial Officer is authorized and directed to take such action as may be necessary to effect and implement the foregoing reallocation of the Unspent Proceeds to construct the acquisition and installation of building inspection software applications and related computer equipment upgrades to the extent necessary from the interest earnings on the Series 2003A Bonds, and to cause the records and accounts of the City to reflect the same. PASSED AND APPROVED this 18th day of June , 2007. Mayor Tim Hurley ATTEST: City Clerk N n y Eckert 4- CIG-3 9/91 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 20th day of ,Tune ) 2007. C City Clerk, W t rloo, Iowa Nancy Eckert SEAL DCORNEI-ll 537438,1/MSWord\11310000 vsv • L O O a Ti 'z z rn d � � H O a x a r Htri b � rn bH rmoo ozcz omH ac� z H r C/1 aturnH r � H ,�7H TJ c� rn rn aaz Hr r oov Z ao H tzHn o oHrrj z zorn Cl z tz� z V] H Q OZ rn c) Clj Cl] N rn n O 7gtdH O H 'o O V rn H i v) aH 4�- N 'Z Pri V o rn o � Wza aa v �f d trj H O z H hyHH O H b z xza trjor n ntrja H rrj n H d H O z