HomeMy WebLinkAbout2020-758-10.05.2020ITEMS TO INCLUDE ON AGENDA
CITY OF WATERLOO, IOWA
• Public hearing on the proposed reallocation of Unspent Proceeds.
• Resolution instituting proceedings to take additional action.
NOTICE MUST BE GIVEN PURSUANT TO IOWA CODE
CHAPTER 21 AND THE LOCAL RULES OF THE CITY.
October 5, 2020
The City Council of the City of Waterloo, State of Iowa, met in regular session, in the
Council Chambers, City Hall, 715 Mulberry Street, Waterloo, Iowa, and electronically due to the
COVID-19 pandemic, at 5:30 P.M., on the above date. There were present Mayor Quentin Hart,
in the chair, and the following named Council Members:
Grieder, Juon, Boesen, Morrissey, Klein and Feuss
Absent: Amos
Vacant: None
The Mayor Pro Tem 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 $250,000 of unspent
proceeds of the Taxable General Obligation Bonds, Series 2018B, in order to provide funds to
pay costs associated with the establishment or funding of programs to provide for or assist in
providing for the acquisition, restoration, or demolition of housing, as part of a municipal
housing project, and the acquisition of properties for commercial, economic or residential
development (the "Project"), 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 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 Pro
Tem and the Council that no written objections had been filed. The Mayor Pro Tem then called
for oral objections to the proposed reallocation and none were made. Whereupon, the Mayor Pro
Tem declared the time for receiving oral and written objections to be closed.
The Council then considered the proposed action and the extent of objections thereto.
Council Member Morrissey introduced the following Resolution entitled "RESOLUTION
INSTITUTING PROCEEDINGS TO TAKE ADDITIONAL ACTION AND APPROVING THE
REALLOCATION OF CERTAIN UNSPENT PROCEEDS OF THE TAXABLE GENERAL
OBLIGATION BONDS, SERIES 2018B, OF THE CITY OF WATERLOO, IOWA", and moved
that the same be adopted. Council Member Grieder seconded the motion to adopt. The roll was
called and the vote was,
AYES: Grieder, Juon, Boesen, Morrissey, Klein and Feuss
NAYS: None
Whereupon, the Mayor declared the Resolution duly adopted as follows:
RESOLUTION NO: 2020-758
RESOLUTION INSTITUTING PROCEEDINGS TO TAKE
ADDITIONAL ACTION AND APPROVING THE
REALLOCATION OF CERTAIN UNSPENT PROCEEDS OF
THE TAXABLE GENERAL OBLIGATION BONDS, SERIES
2018B, OF THE CITY OF WATERLOO, IOWA
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 unspent proceeds in the amount of not to exceed $250,000 of Taxable General Obligation
Bonds, Series 2018B (the "Unspent Proceeds"), of the City of Waterloo, Iowa, to provide funds
to pay costs of the Project, 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 to pay costs associated with the establishment or
funding of programs to provide for or assist in providing for the acquisition, restoration, or
demolition of housing, as part of a municipal housing project , and the acquisition of properties
for commercial, economic or residential development, and such action is in all respects
authorized and approved.
Section 2. The City Clerk is authorized and directed to take such action as may be
necessary to effect and implement the foregoing reallocation of the Unspent Proceeds as
described herein, and to cause the records and accounts of the City to reflect the same.
PASSED AND APPROVED this 5th day of October, 2020.
Quentin Hart, Mayor
ATTEST:
Kelley et'ch1e
Kelley Felchle, City Clerk
STATE OF IOWA
COUNTY OF BLACK HAWK
CERTIFICATE
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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 Council hereto affixed this 5th day of October,
2020. Ke/Je, �e`c/ile
j SIONEO j
Kelley Felchle, City Clerk, City of Waterloo,
State of Iowa
SEAL