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HomeMy WebLinkAbout1982-369-08.16.1982 Waterloo, Iowa August 16, 1982 The City Council of the City of Waterloo met in regular session at 7:00 o'clock P.M. he M. at the Council Chambers in the City Hall in said City. or Pro iem in gas called to order and there were present Jack L. Roehr, May meeting u the chair, and the following named Councilmen: Wilharm, Getty, Dowie and Burton. Absent: Penaluna and Bowers * * * * * * * * The City Council investigated and found that notice of intention to issue not to exceed $400,000 Urban Revitalization Area Revenue Bonds, Series 1982 (Swisher and Cohrt Law Office Project) of said City had been duly given 1982, in the Waterloo Courier, a legal by publication on July 30 This newspaper published and having a general circulation within said City. being the time and place specified in said notice for the conduct of a public rp hearing on the proposal to issue said bonds , the Mayor announced that any local resident attending the hearing would now be given an opportunity to express hi s views for or against the proposal to issue the bonds. After all local residents who appeared at the hearing, who desired to do so, had ex- pressed their views for or against the proposal to issue the bonds , Council - man Getty introduced and caused to read Resolution No. 1982-369 entitled, RESOLUTION determining to proceed with the issuance of not to exceed $400,000 Urband Revitalization Offic e Area P Revenuej ect) of ndhe Series 1982 (Swisher City of Waterloo, Iowa. After due and moved its adoption, seconded by Councilman Dowie Pro Tem . consideration of said resolution by the Council , the Mayor put the question on the motion and upon the roll being called the following named Councilmen voted: Aye: Wilharm, Getty, Dowie and Burton. Absent: Penaluna and Bowers. Nay: None Prp Tern Whereupon, the MayorAdeclared said resolution duly adopted and signed his approval thereto. * * * * * * * * Upon motion and vote, the meeting adjourned. Mayor Pr em, Jack L. Roehr Attest: 1 ueputy City Cler Michelle Temeyer • •a RESOLUTION NO. 1982-369 RESOLUTION DETERMINING TO PROCEED WITH THE ISSUANCE OF NOT TO EXCEED $400,000 URBAN REVITALIZATION AREA REVENUE BONDS, SERIES 1982 (SWISHER AND COHRT LAW OFFICE PROJECT) OF THE CITY OF WATERLOO, IOWA. * * * * * * * * WHEREAS, the City of Waterloo, in the County of Black Hawk, State of Iowa, (the "City") , proposes to issue Urban Revitalization Area Revenue Bonds, Series 1982 (Swisher and Cohrt Law Office Project) , of said City in a princi- pal amount not to exceed $400,000 (the "Series 1982 Bonds") for the purpose of lending the proceeds thereof to Swisher and Cohrt Building Partnership, a partnership composed of Charles F. Swisher, Eldon R. McCann, W. David Tyler, Jay P. Roberts, Steven A. Weidner, Larry J. Cohrt, J. Douglas Oberman, Stephen J. Powell and Jim D. DeKoster (the "Partnership") to defray the cost, to that amount, of the acquisition of certain equipment and improvements (the "Pro- ject") by the Partnership suitable for use of a commercial enterprise, i .e, the remodelling of the existing structure located at 528 West 4th Street, Waterloo, Iowa, into an office building for use as a law office located within the Washington Urban Revitalization Area; located within the City, all in accordance with the provision of Chapter 419 of the Code of Iowa, 1981 , as amended (the "Act" ); and WHEREAS, pursuant to published notice of intention this City Council has conducted a public hearing, as required by Section 419.9 of the Act, and this City Council deems it necessary and advisable to proceed with the Pro- ject, the issuance of the Bonds, and the loan of the proceeds of the Series 1982 Bonds to the Partnership; WHEREAS, the Project is located within the Washington Urban Revitali- zation Area. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WATERLOO, IOWA, AS FOLLOWS: Section 1 . That at the public hearing conducted by this City Council pursuant to published notice all local residents who appeared were given an opportunity to express their views for or against the proposal to issue the Series 1982 Bonds. Section 2. That this City Council deems it necessary and advisable, and hereby determines, to proceed with the Project, the issuance of the Series 1982 Bonds, and the loan of the proceeds of the Series 1982 Bonds to the Partnership, all upon terms and conditions mutually satisfactory to the City and the Partnership. Section 3. That this Resolution shall become effective immediately upon its passage and approval . Section 4. The Project is located within the Washington Urban Revital- ization Area. Passed and approved August 16, 1982. ' --? --- ) /:). \\-- j -" ( eYr Mayor Pro e , Jack L. Roehr Attest: \y; Deputy ity CTerk , Michelle Temeyer '" I ,Michelle Temeyer , being first duly sworn, do hereby depose and cer- Deputy tify that I am the duly appointed, qualified and acting4City Clerk of the City of Waterloo, in the County of Black Hawk, State of Iowa, and as such I have in my possession, or have access to, the complete corporate records of said City and of its Council and officers; that I have carefully compared the transcript hereto attached with the aforesaid corporate records and that said transcript hereto attached is a true, correct and complete copy of all the corporate records in relation to the adoption of Resolution No. 1982-369 entitled: RESOLUTION determining to proceed with the issuance of not to exceed $400,000 Urban Revitalization Area Revenue Bonds , Series 1982 (Swisher and Cohrt Law Office Project) of the City of Waterloo, Iowa. WITNESS my hand and the corporate seal of said City hereto affixed at Waterloo, Iowa, this 18th — day of August , 1982. Deputy ity Cl erfc, Michelle Teme�yer 11 (SEAL) STATE OF IOWA ) ) ss. COUNTY OF BLACK HAWK ) Subscribed and sworn to before me this day, the date last above written. Notary Public in and for e State of Iowa My commission expires: 3o_ /9 8 1 (Notarial Seal )