HomeMy WebLinkAbout1982-313-07.12.1982 CITY'S copy
(This Notice to be posted)
NOTICE AND CALL OF PUBLIC MEETING
Governmental Body: The City Council of Waterloo, Iowa.
Date of Meeting : July 15 , 1982
Time of Meeting : 1.1 : 00 A. M .
Place of Meeting: Council Chambers, City Hall , Waterloo,
Iowa .
PUBLIC NOTICE IS HEREBY GIVEN that the above mentioned
governmental body will meet at the date , time and place above
set out . The tentative agenda for said meeting is as follows:
$8 ,375 ,000 General Obligation Bonds .
- Resolution directing sale .
Such additional matters as are set forth on the addi-
tional page (s ) attached hereto.
( number)
This notice is given at the direction of the Mayor
pursuant to Chapter 28A, Code of Iowa , and the local rules of
said governmental body.
' 4
Deput ity lerk , Water oo, Iow
Michele Temeyer
AHLERS, COONEY, DORWEILER, HAYNIE&SMITH. LAWYERS, DES MOINES, IOWA
July 15 , 1982
The City Council of Waterloo, Iowa , met in special Y�
session , in the Council Chambers, City Hall , Waterloo, Iowa ,
at 11 : 00 o'clock A .M. , on the above date . There were present
Mayor Leo P . Rooff , in the chair, and the following
named Council Members :
Wilharm , Getty , Roehr , Dowie , Bowers and
Burton .
Absent : Penaluna
* * * * * * *
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AHLERS. GOONEY. DORWEILER, HAYNIE&SMITH. LAWYERS, DES MOINES, IOWA
This being the time and place for the opening of bids for
the sale of $8 ,375 ,000 General Obligation Bonds , the meeting
was thrown open for the receipt of bids for said bonds . The
following sealed bids were received and not opened :
Name & Address of Bidders :
Continental Illinois National Band and Trust Company
of Chicago 10. 582198%
The First National Bank
of Chicago 10 . 55255
Morgan Guaranty Trust Company
of New York 10. 6059
The Northern Trust Company
of Chicago 10 . 46851
Open bids were then called for and the best open bid
received was as follows :
Name & Address of Bidder: None
Net Interest Rate :
Net Interest Cost :
Whereupon , the sealed bids were opened and the best sealed
bid was as follows :
Name & Address of Bidder: The Northern Trust Company of Chicago
Net Interest Rate : 10. 46851
Net Interest Cost : $7 ,637 ,434 . 50
Wilharm introduced the following
Resolution entitled "RESOLUTION DIRECTING SALE OF $8,375 ,000
GENERAL OBLIGATION BONDS, " and moved its adoption.
Roehr seconded the motion to adopt . The roll was
called and the vote was,
AYES: Wilharm , Getty, Roehr, Dowie , Bowers and Burton .
ABSENT : Penaluna
NAYS: None
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AHLERS, COONEY, DORWEILER, HAYNIE&SMITH, LAWYERS, DES MOINES, IOWA
Whereupon , the Mayor declared the following Resolution
duly adopted :
RES . NO . 1982-313
RESOLUTION DIRECTING SALE OF $8 ,375 ,000
GENERAL OBLIGATION BONDS
WHEREAS, pursuant to notice as required by law, bids have
been received at public sale for the bonds described as
follows and the best bid received is determined to be the
following :
$8 , 375 ,000 GENERAL OBLIGATION BONDS:
Bidder: The Northern Trust Companyof Chicago , Illinois
the terms of said bid being:
Total Interest $ 7 , 638 ,437 . 50
Less Premium 1 ,003 . 00
Net Interest Cost 7 ,637 ,434 . 50 _
Net Interest Rate 10. 46851 %
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF WATERLOO, IOWA:
Section 1. That the bid for the bonds as above set out is
hereby determined to be the best and most favorable bid
received and , said bonds are hereby awarded based on said bid .
Section 2 . That the statement of information for bond
bidders and the form of contract for the sale of said bonds
are hereby approved and the Mayor and Clerk are authorized to
execute the same on behalf of the City.
Section 3 . That the notices of the sale of the bonds
heretofore given and all acts of the Clerk done in furtherance
of the sale of said bonds are hereby ratified and approved.
PASSED AND APPROVED, this 15th day of July ,
1982 .
,J71.-e.4* ' '''P '
--41--17 (
Mayor , Leo P . Roo ;
KI,T;11:
i j
IAN-- --/ )1
DepClerk , Michelle Temeyer
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AHLERS, GOONEY, DORWEILER, HAYNIE&SMITH, LAWYERS, DES MOINES, IOWA
CIG-3
1-79
CERTIFICATE
STATE OF IOWA )
SS
COUNTY OF BLACK HAWK )
I , the undersigned Deputy 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
asccessible to the public and clearly designated for that pur-
pose 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
28A, Code of Iowa, upon reasonable advance notice to the
public and media at least twenty-four hours prior to the com-
mencement of the meeting as required by said law and with mem-
bers 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 16th day of July , 1982.
Deput City Clerk, Wat oo, Iowa
Michelle Temeyer
SEAL
AHLERS, GOONEY, DORWEILER, HAYNIE&SMITH, LAWYERS, DES MOINES, IOWA