HomeMy WebLinkAbout2022-382-06.20.2022-Hearing Reallocation (telecom feasibility study) - Waterloo 2018B Bonds (02060682x7F7E1)ITEMS 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.
June 20, 2022
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, at 5:30 P.M., on the above
date. There were present Mayor Quentin Hart, in the chair, and the following named Council
Members:
Boesen, Nichols, Amos, Grieder, Wilder and Feuss
Absent: Chiles
Vacant: None
The Mayor 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 $25,000.00 of unspent proceeds of the
Taxable General Obligation Bonds, Series 2018B, in order to provide funds to provide additional
funds to pay costs of the municipal telecom feasibility study (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 and
the Council that no written objections had been filed. The Mayor then called for oral objections
to the proposed reallocation and none were made. Whereupon, the Mayor 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 Boesen 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 Wilder seconded the motion to adopt. The
roll was called and the vote was,
AYES: Nichols, Amos, Grieder, Wilder, Feuss and Boesen
NAYS: None
Whereupon, the Mayor declared the Resolution duly adopted as follows:
RESOLUTION NO. 2022-382
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 $25,000.00 of 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 of the municipal telecom feasibility
study, 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 20th day of June, 2022.
Quentin Hart, Mayor
ATTEST:
Kelley Felchle, City Clerk
STATE OF IOWA
COUNTY OF BLACK HAWK
CERTIFICATE
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) SS
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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 20th day of June, 2022.
Kerrey Fercfire
SEAL
02060682-1 \11310-000
Kelley Felchle, City Clerk, City of Waterloo,
State of Iowa