HomeMy WebLinkAbout1999-350-05.24.1999 Whereupon, Council Member Kr-; 7 e14- introduced and delivered
to the Clerk the Resolution hereinafter set out entitled "RESOLUTION INSTITUTING
PROCEEDINGS TO TAKE ADDITIONAL ACTION FOR THE AUTHORIZATION
AND ISSUANCE OF NOT TO EXCEED $700,000 GENERAL OBLIGATION
BONDS", and moved:
that the Resolution be adopted.
❑ to ADJOURN and defer action on the Resolution and the proposal to
institute proceedings for the issuance of bonds to the meeting to be held at
o'clock .M. on the day of , 1999,
at this place.
Council Member M„r„hy seconded the motion. The roll was
called and the vote was,
AYES: Getty, Murphy, Krizek, Gronen, Anders
NAYS:
Whereupon, the Mayor declared the measure duly adopted.
RESOLUTION INSTITUTINU PR8REDINGS TO TAKE
ADDITIONAL ACTION FOR THE AUTHORIZATION
AND ISSUANCE OF NOT TO EXCEED $700,000
GENERAL OBLIGATION BONDS
WHEREAS, pursuant to notice published as required by law, the Council has held
a public meeting and hearing upon the proposal to institute proceedings for the issuance
of not to exceed $700,000 General Obligation Bonds for a general corporate purpose, in
order to provide funds to pay costs of repairs to the East and West Parking Ramps;
computer system equipment; improvements to the Cultural and Arts Center; equipping of
the Public Library and equipping of the Human Rights, Building Inspection and Planning
and Zoning Departments, and no petition was filed calling for a referendum thereon.
The following action is now considered to be in the best interests of the City and
residents thereof:
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NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY
OF WATERLOO, IOWA:
Section 1. That this Council does hereby institute proceedings and take additional
action for the authorization and issuance in the manner required by law of not to exceed
$700,000 General Obligation Bonds for the foregoing general corporate purpose.
Section 2. That this Resolution be and does hereby serve as a declaration of
official intent under Treasury Regulation 1.150-2, because the City reasonably expects to
reimburse with the proceeds of the Bonds, all or a portion of the original expenditures
incurred in connection with the above purpose.
PASSED AND APPROVED this 24th day of May , 1999.
Mayo ohn R. Roof._
ATTEST:
City Clerk , Nicy Eckert
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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
2 6 th day of May , 1999.
City Clerk, aterloo, Iowa. Nancey Eckert
SEAL
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