HomeMy WebLinkAbout2021-113-03.01.2021 2021 GO BONDS $19,750,000ITEMS TO INCLUDE ON AGENDA
CITY OF WATERLOO, IOWA
Not to Exceed $19,750,000 General Obligation Bonds
• 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.
March 1, 2021
The City Council of the City of Waterloo, State of Iowa, met in regular session, via
electronic means pursuant to Iowa Code section 21.8, as a meeting in person is impossible or
impractical due to concerns for the health and safety of council members, staff, and the public
presented by COVID-19, at 5:30 P.M., on the above date. There were present Mayor Quentin
Hart, in the chair, and the following named Council Members:
Absent: None
Vacant: None
Council Member Juon introduced the following Resolution entitled "RESOLUTION
FIXING DATE FOR A MEETING ON THE PROPOSITION OF THE ISSUANCE OF NOT
TO EXCEED $19,750,000 GENERAL OBLIGATION BONDS OF THE CITY OF
WATERLOO, STATE OF IOWA (FOR ESSENTIAL CORPORATE PURPOSES), AND
PROVIDING FOR PUBLICATION OF NOTICE THEREOF", and moved that the same be
adopted. Council Member Amos seconded the motion to adopt. The roll was called and the vote
was,
AYES: Boesen, Amos, Morrissey, Klein, Feuss, Grieder, Juon
NAYS: None
Whereupon, the Mayor declared the resolution duly adopted as follows:
RESOLUTION NO. 2021-113
RESOLUTION FIXING DATE FOR A MEETING ON THE
PROPOSITION OF THE ISSUANCE OF NOT TO EXCEED
$19,750,000 GENERAL OBLIGATION BONDS OF THE CITY
OF WATERLOO, STATE OF IOWA (FOR ESSENTIAL
CORPORATE PURPOSES), AND PROVIDING FOR
PUBLICATION OF NOTICE THEREOF
WHEREAS, it is deemed necessary and advisable that the City of Waterloo, State of
Iowa, should issue General Obligation Bonds, to the amount of not to exceed $19,750,000, as
authorized by Section 384.25, of the Code of Iowa, for the purpose of providing funds to pay
costs of carrying out essential corporate purpose project(s) as hereinafter described; and
WHEREAS, before the Bonds may be issued, it is necessary to comply with the
provisions of the Code, and to publish a notice of the proposal to issue such bonds and of the
time and place of the meeting at which the Council proposes to take action for the issuance of the
Bonds and to receive oral and/or written objections from any resident or property owner of the
City to such action.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF WATERLOO, STATE OF IOWA:
Section 1. That this Council meet via electronic means at 5:30 P.M., on the 15th day of
March, 2021, for the purpose of taking action on the matter of the issuance of not to exceed
$19,750,000 General Obligation Bonds, for essential corporate purposes, the proceeds of which
bonds will be used to provide funds to pay the costs of the acquisition, improvement and
installation of traffic control devices, signage, fixtures, equipment and improvements, including
but not limited to traffic signal, pavement markings, traffic safety, fiber optics installation, and
street light fixtures, connections, and facility improvements; the acquisition and installation of
emergency services communication equipment and systems, including early warning sirens; the
acquisition of vehicles and equipment for the Police and Fire Departments; the acquisition of
vehicles and equipment for the street, public works and sign and traffic departments; the
rehabilitation and improvement of City parks and the acquisition, repair and replacement of
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facilities, equipment and improvements commonly found in City parks; the removal,
replacement and planting of trees in parks and public grounds; the construction, reconstruction
and repairing of street, sidewalk, trail, alley, public ground, marketplace, bridges, pedestrian
underpasses and overpasses, and intersection improvements; the acquisition, construction and
improvement of real and personal property useful for the protection of property from floods or
high waters, including flood control, levees, embankments, waterway, storm water and drainage
improvements; the removal or replacement of dead or diseased trees; the acquisition and
demolition of dangerous or dilapidated buildings, structures or properties, or funding multi-
family housing assistance; acquiring, developing and improving of a geographic computer data
base system suitable for automated mapping and facilities management; improvement of the city -
owned airport; the reconstruction and improvement of dams already owned; and refunding or
refinancing outstanding indebtedness of the City, including General Obligation Bonds, Series
2012A, General Obligation Bonds, Series 2013A, and General Obligation Bonds, Taxable Series
2013B.
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
not less than four 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:
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
$19,750,000 GENERAL OBLIGATION BONDS OF THE CITY
(FOR ESSENTIAL CORPORATE 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 15th day of March, 2021, at 5:30 P.M., at which meeting
the Council proposes to take additional action for the issuance of not to exceed $19,750,000
General Obligation Bonds, for essential corporate purposes, to provide funds to pay the costs of
the acquisition, improvement and installation of traffic control devices, signage, fixtures,
equipment and improvements, including but not limited to traffic signal, pavement markings,
traffic safety, fiber optics installation, and street light fixtures, connections, and facility
improvements; the acquisition and installation of emergency services communication equipment
and systems, including early warning sirens; the acquisition of vehicles and equipment for the
Police and Fire Departments; the acquisition of vehicles and equipment for the street, public
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works and sign and traffic departments; the rehabilitation and improvement of City parks and the
acquisition, repair and replacement of facilities, equipment and improvements commonly found
in City parks; the removal, replacement and planting of trees in parks and public grounds; the
construction, reconstruction and repairing of street, sidewalk, trail, alley, public ground,
marketplace, bridges, pedestrian underpasses and overpasses, and intersection improvements; the
acquisition, construction and improvement of real and personal property useful for the protection
of property from floods or high waters, including flood control, levees, embankments, waterway,
storm water and drainage improvements; the removal or replacement of dead or diseased trees;
the acquisition and demolition of dangerous or dilapidated buildings, structures or properties, or
funding multi -family housing assistance; acquiring, developing and improving of a geographic
computer data base system suitable for automated mapping and facilities management;
improvement of the city -owned airport; the reconstruction and improvement of dams already
owned; and refunding or refinancing outstanding indebtedness of the City, including General
Obligation Bonds, Series 2012A, General Obligation Bonds, Series 2013A, and General
Obligation Bonds, Taxable Series 2013B.
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.
If council chambers are closed to the public for city council meetings due to the health
and safety concerns from COVID-19, the council meeting will be an electronic meeting using the
Zoom Meetings. For information on how to participate in the electronic public hearing, see
https://www.cityofwaterlooiowa.com/government/city_council/index.php or call the City Clerk's
Office at 319-291-4323 by 4:45 p.m. 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.
Anyone who is interested may appear at said time and place and be heard or may file written
objection with the City Clerk, City Hall, Waterloo, Iowa, before the date set for said hearing.
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 Section 384.25 of the Code of Iowa.
Dated this 1st day of March, 2021.
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Kelley Felchle, City Clerk, City of Waterloo,
State of Iowa
PASSED AND APPROVED this 1st day of March, 2021.
ATTEST:
KeUee-et'ckte
Kelley Felchle, City Clerk
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Quentin Hart, Mayor
STATE OF IOWA
COUNTY OF BLACK HAWK
CERTIFICATE
)
) SS
)
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.
2021.
WITNESS my hand and the seal of the Council hereto affixed this Pt day of March,
Ke/Je, �e/c`L`e
Kelley Felchle, City Clerk, City of Waterloo,
State of Iowa
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 $19,750,000 General Obligation Bonds)
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:
March , 2021.
WITNESS my official signature this day of March, 2021.
Kele,SIGNED
Kelley Felchle, City Clerk, City of Waterloo,
State of Iowa