HomeMy WebLinkAbout2007-448-6/4/2007 ORIGINAL
(This Notice to be posted)
NOTICE AND CALL OF PUBLIC MEETING
Governmental Body: The City Council of Waterloo, Iowa.
Date of Meeting: June 4 , 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:
• Resolution fixing date for a meeting on the proposal to reallocate certain
unspent proceeds of the General Obligation Bonds, Series 2003A, and
providing for publication of notice thereof
Such additional matters as are set forth on the additional 8 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.
CLJ
City erk, W.a erloo, Iowa
Nancy Ecke
.,1..
JAMI@i710 t'
June 4 ,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, Welper, Gunderson, Greenwood,
_Getty, Cole, Schmitt
Absent: none
-2-
Council Member Schmitt 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 2003A,AND PROVIDING FOR PUBLICATION OF
NOTICE THEREOF", and moved that the same be adopted. Council Member
Greenwood 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. 2007-448
RESOLUTION FIXING DATE FOR A MEETING ON THE PROPOSAL
TO REALLOCATE CERTAIN UNSPENT PROCEEDS OF THE
GENERAL OBLIGATION BONDS, SERIES 2003A, AND PROVIDING
FOR PUBLICATION OF NOTICE THEREOF
WHEREAS, pursuant to a Resolution approved on June 16, 2003, the City
Council of the City of Waterloo, Iowa has previously issued its General Obligation
Bonds, Series 2003A, in the aggregate principal amount of$8,825,000 (the "Series
2003A Bonds"), for the purpose of paying costs of the reconstruction, extension and
improvement of the Waterloo Municipal Airport; the acquisition, development and
improvement of GIS/GPS mapping systems and components; the acquisition,
construction and improvement of real and personal property useful for the protection of
property from floods or high waters, including flood plain alleviation and relocation
expenditures; the construction, reconstruction and repairing of street, sidewalk and
intersection improvements; the acquisition of vehicles and equipment for the police, fire
and street departments; the rehabilitation and improvement of City parks and the
acquisition, repair and replacement of facilities, equipment and improvements commonly
found in City parks; and the acquisition, improvement and installation of traffic control
devices and street lighting fixtures; the 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 Downtown Waterloo Riverfront Urban
Renewal Area, the Airport Tax Increment Redevelopment Area and the Rath Tax
-3-
1 .
Increment Redevelopment Area, including the acquisition of properties, and related
demolition and clearance activities, for subsequent private redevelopment and the
construction of public improvements within such areas; the reconstruction and
improvement of the Five Sullivan Brothers Center; the reconstruction, remodeling, repair
and improvement of City buildings; and the acquisition of hardware and software and
related computer replacement program expenditures; the acquisition of capital equipment
and vehicles for City departments and operations; and the reconstruction and
improvement of the Youth Pavilion, Riverfront Stadium and sports and boating center
facilities; the reconstruction and improvement of City golf courses; and the acquisition of
golf and parks equipment; the funding of the City's obligations under an economic
development guaranty agreement relating to expanded regional jet service at the
Waterloo Municipal Airport; the refunding and refinancing of certain City indebtedness,
consisting of the outstanding General Obligation Bonds, Series 1995, dated June 1, 1995;
and construction and acquisition of sanitary sewer and wastewater treatment plant
improvements and related facilities, including those costs associated with the replacement
and installation of sanitary sewer liners and other corrosion and odor control
improvements; and
WHEREAS, certain proceeds of the Series 2003A Bonds remain unspent, and City
staff has recommended that not to exceed $100,000 of the interest earnings on such
unspent proceeds (hereinafter referred to as the "Unspent Proceeds") be applied for the
purpose of defraying all or a portion of the costs of the acquisition and installation of
building inspection software applications and related computer equipment upgrades; 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 acquisition and installation of building inspection software applications and related
computer equipment upgrades.
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 PM., on the 18th day of June , 2007, for
the purpose of taking action on the matter of the proposed reallocation of the Unspent
Proceeds of the Series 2003A Bonds to provide funds for the acquisition and installation
of building inspection software applications and related computer equipment upgrades.
' 4-
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:
-5-
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 2003A, 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 18th day of June , 2007, at 5 : 30
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 interest earnings
on the unspent proceeds of the General Obligation Bonds, Series 2003A (the "Series
2003A Bonds") of the City of Waterloo, Iowa, in the aggregate amount of not to exceed
$100,000, in order to provide funds to pay costs of the acquisition and installation of
building inspection software applications and related computer equipment upgrades. 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 2003A 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, 2007, as amended.
Dated this 4th day of June , 2007.
City erk of terloo, Iowa
Nancy Eck t
(End of Notice)
' 6-
2007. PASSED AND APPROVED this 4th day of June ,
MayOr Tim Hurley
ATTEST:
City Clerk Na y Eckert
-7-
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 6th
day of June , 2007.
City C rk, Wal rlo0, Iowa
Nancy Ecke
SEAL
DCORNELUS37047.1/MSWord\11310000
x O trl tri
tnzav�
� rro
mcnrr
o- 0 =
71 n H
cn a H
trlHO
zrnz
H
rr n -n
cn M H
oaz
O H C)
CA z
a d
ca
Z �o
a cn m rn
z ~d cn
tz) to o
zo r
b H 7y C
�1 H
O b a H
C � o
tjnM
H rn rn z
zrnH o
G] t7 H
cn z
71 G1 N
O O o
'd rl O o
z V
wtTlx P
r til 00
H �
n rn b
azz
H m O
H b
O O
zt ' cn
a
oor
� to
r H
zHo
o c�
Ha
H H
nH
mO
z