HomeMy WebLinkAbout1982-270-06.28.1982 Whereupon, Council Member Bowers , 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 $120 ,000 GENERAL OBLIGATION BONDS" , and moved its
adoption. Council Member. Wilharm seconded the
motion to adopt. The roll was called and the vote was,
AYES: Burton, Bowers , Dowie, Penaluna
Roehr, Wilharm
NAYS: Getty (Absent)
Whereupon, the Mayor declared said Resolution duly adopted
as follows: RESOLUTION NO. 1982-270
RESOLUTION INSTITUTING PROCEEDINGS TO TAKE
ADDITIONAL ACTION FOR THE AUTHORIZATION AND
ISSUANCE OF NOT TO EXCEED $120 ,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 $120 ,000 General Obligation Bonds for a general cor-
porate purpose , in order to provide funds to pay costs of
construction, enlargement, improvement and equipping of the
metropolitan bus garage , 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 :
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY
OF WATERLOO, IOWA:
Section 1. That this Council does hereby institute pro-
ceedings and take additional action for the authorization and
issuance in the manner required by law of not to exceed
$120 ,000 General Obligation Bonds for the foregoing general
corporate purpose .
Section 2 . The Clerk is authorized and directed to
proceed on behalf of the City with the sale of said bonds, to
select a date for the sale thereof, to cause to be prepared
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AHLERS, COONEY. DORWEILER, HAYNIE&SMITH, LAWYERS, DES MOINES, IOWA
such notice and sale information as may appear appropriate, to
publish and distribute the same on behalf of the City and this
Council and otherwise to take all action necessary to permit
the sale of said bonds on a basis favorable to the City and
acceptable to the Council .
PASSED AND APPROVED this 28thday of June , 1982.
Mayor
Leo P. Rooff
ATTEST:
Depot City Clerk ttiL/
Michelle Temeyer
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AHLERS. COONEY. DORWEILER, HAYNIE&SMITH. LAWYERS, DES MOINES, IOWA
The Mayor announced that this was the time for meeting on
the matter of the issuance of not to exceed $55 ,000 of general
obligation bonds in order to provide funds to pay costs of
constructing surfacing of a recreation building parking lot; a
general corporate purpose; and that notice of the proposal to
issue said bonds and the right to petition for an election had
been published as provided by Section 384 .26 , of the City Code
of Iowa; and , the Mayor then asked the Clerk whether any peti-
tion had been filed in the Clerk' s Office , as contemplated in
Section 384 .26 of the City Code of Iowa, and the Clerk
reported that no such petition had been filed , requesting that
the question of issuing said bonds be submitted to the
qualified electors of the City.
Whereupon, the Mayor declared the hearing on the issuance
of said bonds to be closed .
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AHLERS, COONEY, DORWEILER, HAYNIE&SMITH, LAWYERS, DES MOINES, IOWA