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HomeMy WebLinkAbout2001-204-05.07.2001 Council Member Anders introduced the following Resolution entitled "RESOLUTION FIXING DATE FOR A MEETING ON THE PROPOSITION OF THE ISSUANCE OF NOT TO EXCEED $1,320,000 GENERAL OBLIGATION BONDS OF WATERLOO, IOWA, AND PROVIDING FOR PUBLICATION OF NOTICE THEREOF", and moved that the same be adopted. Council Member Jordan seconded the motion to adopt. The roll was called and the vote was, AYES: Anders , Jordan, Murphy, Gronen, Getty Berry NAYS: Resolution No . 2001-204 Whereupon, the Mayor declared the resolution duly adopted as follows: RESOLUTION FIXING DATE FOR A MEETING ON THE PROPOSITION OF THE ISSUANCE OF NOT TO EXCEED $1,320,000 GENERAL OBLIGATION BONDS OF WATERLOO, IOWA, AND PROVIDING FOR PUBLICATION OF NOTICE THEREOF WHEREAS, the City of Waterloo, Iowa, is in need of funds to carry out a project as hereinafter described; and, it is deemed necessary that said Municipality should issue general obligation bonds to the amount of not to exceed $1,320,000, as authorized by Section 403.12, of the City Code of Iowa, for the purpose of providing funds to pay costs thereof; and WHEREAS, before said bonds may be issued, it is necessary to comply with the procedural requirements of Chapter 384 of the City Code of Iowa, and to publish a notice of the proposal to issue such bonds and the right to petition for an election; 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 . 3 0o'clock P .M., on the 21 s tday of May , 2001, for the purpose -30- of taking action on the matter of the issuance of not to exceed $1,320,000 General Obligation Bonds, the proceeds of which bonds will be used to provide funds to pay costs of aiding in the planning, undertaking and carrying out of an urban renewal project within the Downtown Urban Renewal Area of the City under the authority of Chapter 403. Section 2. The Clerk is authorized and directed to proceed on behalf of the City with the sale of the bonds, to select a date for the sale thereof, to cause to be prepared such notice and sale information as may appear appropriate, to publish and distribute the same on behalf of the City and this Council and otherwise to take all action necessary to permit the sale of the bonds on a basis favorable to the City and acceptable to the Council. Section 3. That the Clerk is hereby directed to cause at least one publication to be made of a 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 nor more than twenty days before the date of said public meeting on the issuance of said bonds. Section 4. The notice of the proposed action to issue said bonds shall be in substantially the following form: -31- NOTICE OF MEETING OF THE COUNCIL OF THE CITY OF WATERLOO, IOWA, ON THE MAT 1'ER OF THE PROPOSED ISSUANCE OF NOT TO EXCEED $1,320,000 GENERAL OBLIGATION BONDS OF SAID CITY, AND THE HEARING ON THE ISSUANCE THEREOF PUBLIC NOTICE is hereby given that the Council of the City of Waterloo, Iowa, will hold a public hearing on the 21 s t day of May , 2001, 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 issuance of not to exceed $1,320,000 General Obligation Bonds of said City, in order to provide funds to pay costs of aiding in the planning, undertaking and carrying out of an urban renewal project within the Downtown Urban Renewal Area of the City under the authority of Chapter 403. At any time before the date of said meeting, a petition, asking that the question of issuing such bonds be submitted to the legal voters of said City, may be filed with the Clerk of said City, in the manner provided by Section 362.4 of the City Code of Iowa, pursuant to the provisions of Section 384.26 of the City Code of Iowa. Also, at the above meeting the Council shall receive oral or written objections from any resident or property owner of said City, to the above action. After all objections or petitions asking that said proposition be submitted to an election have been received and considered, the Council will at this meeting or at any adjournment thereof, take additional action for the issuance of said bonds or will take such other action as it may deem appropriate. This Notice is given by order of the Council of the City of Waterloo, Iowa, as provided by Section 403.12 of the Code of Iowa. Section 384.25 of the City Code of Iowa is applicable to this notice and to the above public hearing. Dated this 7 t h day of May , 2001. Xj(e 't— City Clerk of aterloo, Iowa Nancy Eckert (End of Notice) -32- • PASSED AND APPROVED this 7 t h day • May , 2001. M., Or John R. Roo / AT"1'EST: )A rc 2 _L City Clerk N ncy Eckert PGOODRICH\276910\1\11310055 -33- 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 9 t h day of May , 2001. City Clerk, erloo, Iowa Nancy Eckert SEAL PGOODRICH\276972\I\11310055