HomeMy WebLinkAbout2023-101-02.20.2023 GCP-3 2023A GO BONDS (02158767x7F7E1)ITEMS TO INCLUDE ON AGENDA
CITY OF WATERLOO, IOWA
Not to Exceed $700,000.00 General Obligation Bonds (GCP-3)
• Resolution fixing date for a meeting on the proposition to issue.
NOTICE MUST BE GIVEN PURSUANT TO IOWA CODE
CHAPTER 21 AND THE LOCAL RULES OF THE CITY.
February 20, 2023
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 Pro Tem Ray Feuss, in the chair, and the following named
Council Members:
Dave Boesen, Rob Nichols, John Chiles, Jonathan Grieder and Nia
Wilder
Absent: None
Vacant: Jerome Amos
Council Member Grieder introduced the following Resolution entitled "RESOLUTION
FIXING DATE FOR A MEETING ON THE PROPOSITION OF THE ISSUANCE OF NOT
TO EXCEED $700,000.00 GENERAL OBLIGATION BONDS OF THE CITY OF
WATERLOO, STATE OF IOWA (FOR GENERAL CORPORATE PURPOSES), AND
PROVIDING FOR PUBLICATION OF NOTICE THEREOF", and moved that the same be
adopted. Council Member Wilder seconded the motion to adopt. The roll was called and the
vote was,
AYES: Boesen, Nichols, Chiles, Grieder, Wilder and Feuss
NAYS: None
Whereupon, the Mayor Pro Tem declared the resolution duly adopted as follows:
RESOLUTION NO. 2023-101
RESOLUTION FIXING DATE FOR A MEETING ON THE
PROPOSITION OF THE ISSUANCE OF NOT TO EXCEED
$700,000.00 GENERAL OBLIGATION BONDS OF THE CITY
OF WATERLOO, STATE OF IOWA (FOR GENERAL
CORPORATE PURPOSES), AND PROVIDING FOR
PUBLICATION OF NOTICE THEREOF
WHEREAS, it is deemed necessary and advisable that the City of Waterloo, State of
Iowa, should issue General Obligation Bonds, to the amount of not to exceed $700,000.00, as
authorized by Section 384.26, of the Code of Iowa, for the purpose of providing funds to pay
costs of carrying out general corporate purpose project(s) as hereinafter described; and
WHEREAS, the Issuer has a population of more than 5,000.00 but not more than
75,000.00, and the Bonds for these purposes do not exceed $700,000.00; and
WHEREAS, before the Bonds may be issued, it is necessary to comply with the
provisions of Chapter 384 of the 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 CITY OF
WATERLOO, STATE OF IOWA:
Section 1. That this Council meet in the Council Chambers, City Hall, 715 Mulberry
Street, Waterloo, Iowa, at 5:30 P.M., on the 6th day of March, 2023, for the purpose of taking
action on the matter of the issuance of not to exceed $700,000.00 General Obligation Bonds, for
general corporate purposes, the proceeds of which bonds will be used to provide funds to pay the
costs of the renovation, construction, improvement and equipping of Young Arena, the golf
course, and the Cedar Valley Sportsplex and shall bear interest at a rate not exceeding the
maximum specified in the attached notice.
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Section 2. That the Deputy City Clerk is hereby directed to cause at least one publication
to be made of a notice of the meeting, in a legal newspaper, printed wholly in the English
language, published at least once weekly, and having general circulation in the City. The
publication to be not less than ten clear days nor more than twenty days before the date of the
public meeting on the issuance of the Bonds.
Section 3. The notice of the proposed action to issue bonds shall be in substantially the
following form:
(To be published between: February 14, 2023 and February 21, 2023)
NOTICE OF MEETING OF THE CITY COUNCIL OF THE
CITY OF WATERLOO, STATE OF IOWA, ON THE MATTER
OF THE PROPOSED ISSUANCE OF NOT TO EXCEED
$700,000.00 GENERAL OBLIGATION BONDS OF THE CITY
(FOR GENERAL CORPORATE PURPOSES), AND THE
HEARING ON THE ISSUANCE THEREOF
PUBLIC NOTICE is hereby given that the City Council of the City of Waterloo, State of
Iowa, will hold a public hearing on the 6th day of March, 2023, at 5:30 P.M., in the Council
Chambers, City Hall, 715 Mulberry Street, Waterloo, Iowa, at which meeting the Council
proposes to take additional action for the issuance of not to exceed $700,000.00 General
Obligation Bonds, for general corporate purposes, bearing interest at a rate of not to exceed nine
(9) per centum per annum, the Bonds to be issued to provide funds to pay the costs of the
renovation, construction, improvement and equipping of Young Arena, the golf course, and the
Cedar Valley Sportsplex. Principal and interest on the proposed Loan Agreement will be
payable from the Debt Service Fund.
At any time before the date of the meeting, a petition, asking that the question of issuing
such Bonds be submitted to the legal voters of the City, may be filed with the Clerk of the City in
the manner provided by Section 362.4 of the Code of Iowa, pursuant to the provisions of Section
384.26 of the Code of Iowa.
At the above meeting the Council shall receive oral or written objections from any
resident or property owner of the City to the above action. After all objections have been
received and considered, the Council will at the meeting or at any adjournment thereof, take
additional action for the issuance of the Bonds or will abandon the proposal to issue said Bonds.
This notice is given by order of the City Council of the City of Waterloo, State of Iowa,
as provided by Section 384.26 of the Code of Iowa.
Dated this 20th day of February, 2023.
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LeAnn M. Even, Deputy City Clerk, City of
Waterloo, State of Iowa
(End of Notice)
PASSED AND APPROVED this 20th day of February, 2023.
ATTEST:
LeAnn M. Even, Deputy City Clerk
•Ra-9 Feu_55
DIGITALLY
SIGNED
Ray Feuss, Mayor Pro Tem
-4
CERTIFICATE
STATE OF IOWA
) SS
COUNTY OF BLACK HAWK
I, the undersigned Deputy 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 a Council vacancy exists as 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 22nd day of February, 2023.
&rery
LeAnn M. Even, Deputy City Clerk, City of
Waterloo, State of Iowa
SEAL
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CERTIFICATE
STATE OF IOWA
) SS
COUNTY OF BLACK HAWK
I, the undersigned, do hereby certify that I am now and was at the times hereinafter
mentioned, the duly qualified and acting Deputy Clerk of the City of Waterloo, in the County of
Black Hawk, State of Iowa, and that as such Clerk and by full authority from the Council of the
City, I have caused a
NOTICE OF PUBLIC HEARING
(Not to Exceed $700,000.00 General Obligation Bonds) (GCP-3)
of which the clipping annexed to the publisher's affidavit hereto attached is in words and figures
a correct and complete copy, to be published as required by law in the "Waterloo Courier", a
legal newspaper published at least once weekly, printed wholly in the English language,
published regularly and mailed through the post office of current entry for more than two years
and which has had for more than two years a bona fide paid circulation recognized by the postal
laws of the United States, and has a general circulation in the City, and that the Notice was
published in all of the issues thereof published and circulated on the following date:
February 16, 2023.
WITNESS my official signature this 22nd day of February, 2023.
SEAL
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02158767-1\11310-158
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LeAnn M. Even, Deputy City Clerk, City of
Waterloo, State of Iowa
*** Proof of Publication *** Gte- '
State of Iowa NOTICE OF MEETING OF THE CITY
COUNCIL OF OF
Black Hawk County LOO, STATE THE OF CITY OF ONATER-
THE
MATTER OF THE PROPOSED ISSU-
ANCE OF NOT TO EXCEED S700,000
GENERAL OBLIGATION BONDS OF
THE CITY (FOR GENERAL CORPO-
RATE PURPOSES).AND THE HEARING
ON THE ISSUANCE THEREOF
PUBLIC NOTICE is hereby given that the
City Council of the City of Waterloo,State
of Iowa,will hold a public hearing on the
6th day of March,2023.at 5:30 P.M.,in
Waterloo, City of Legals the Council Chambers, City Hall, 715
Mulberry Street,Waterloo,Iowa,at which
meeting the Council proposes to take
E M I LY GRAHAM additional action for the issuance of not to
exceed $700,000 General Obligation
Bonds, for general corporate purposes,
715 MULBERRY ST. bearing interest at a rate of not to exceed
nine (9) per centum per annum, the
WATERLOO IA 50703 Bonds to be issued to provide funds to
pay the costs of the renovation,construc-
tion, improvement and equipping of
Young Arena. the golf course, and the
Cedar Valley Sportsplex. Principal and
interest on the proposed Loan Agreement
ORDER NUMBER 221243 Fuidbe payable from the Debt Service
At any time before the date of the
meeting, a petition, asking that the
question of issuing such Bonds be
The undersigned, being duly sworn, on oath, do depose and say that I submitted to the legal voters of the City,
may be tiled with the Clerk of the City in
am an authorized employee of the Waterloo Cedar Falls Courier, that the manner provided by Section 362.4 of
the Code of Iowa, pursuant to the
The Waterloo Cedar Falls Courier is a weekly newspaper regularly pr Iowan of Section 384.26 of the Code
published and printed in the English language in the City of Waterloo, At the above meeting the Council shall
receive oral or written objections from any
Black Hawk County, Iowa, and has a general circulation in the said resident or property owner cf the City to
the above action.After all objections have
city and county; and that I personally know that the notice, a true copy been received and considered, the
Council will at the meeting or at any
of which is hereto affixed, was published in the Waterloo Cedar Falls adjournment thereof, take additional
Courier on the following days, to-wit: action for the issuance of the Bonds or
will abandon the proposal to issue said
Bonds.
This notice is given by order of the City
Council of the City of Waterloo,State of
Iowa,as provided by Section 384.25 of
the Code of Iowa.Dated this 20th day of
February 2023.
Kelley Felchle,City Clerk
City of Waterloo,Iowa
Section: Legals
Category: 950 Legal Notice
PUBLISHED ON: 02/16/2023
TOTAL AD COST: 52.79
FILED ON: 2/20/2023
That the issues of said paper containing said notice were duly
circulated in the regular manner.
AmehoLt. or jaiii
A,t,i1U,. 1(Ak h
Notary Pub is in and for Said County ���µr.�i� SHERRIE KILTS
z° 1 Commission Number 772917
My Commission Expires
row.. May 9, 2024