HomeMy WebLinkAbout1982-248-06.14.1982 Council Member Getty introduced the
following Resolution entitled "RESOLUTION FIXING DATE FOR A
MEETING ON THE PROPOSITION OF THE ISSUANCE OF NOT TO EXCEED
$120 ,000 OF GENERAL OBLIGATION BONDS AND PROVIDING FOR
PUBLICATION OF NOTICE THEREOF" , and moved that the same be
adopted . Council Member Penaluna seconded the
motion to adopt . The roll was called and the vote was,
AYES: Burton, Bowers , Getty, Roehr,
Penaluna, Dowie, Wilharm
NAYS: None
Whereupon , the Mayor declared the resolution duly adopted
as follows : RESOLUTION NO. 1982-248
RESOLUTION FIXING DATE FOR A MEETING ON THE
PROPOSITION OF THE ISSUANCE OF NOT TO EXCEED $120 ,000
OF GENERAL OBLIGATION BONDS (FOR A GENERAL CORPORATE
PURPOSE) AND PROVIDING FOR PUBLICATION OF NOTICE
THEREOF
WHEREAS, the City of Waterloo, Iowa, is in need of funds
to carry out a general corporate purpose project as
hereinafter described; and , it is deemed necessary that it
should issue general obligation bonds to the amount of not to
exceed $120 ,000 as authorized by Section 384 . 26 of the City
Code of Iowa, for the purpose of providing funds to pay costs
thereof; and
WHEREAS, said City has a population in excess of 75 ,000
and the amount of said bond issue is not more than
$150 ,000 . 00 ; and
WHEREAS, before said bonds may be issued , it is necessary
to comply with the provisions of Chapter 384 of the City 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 COUNCIL OF THE CITY
OF WATERLOO, IOWA:
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AHLERS, COONEY. DORWEILER, HAYNIE&SMITH, LAWYERS, DES MOINES, IOWA
Section 1. That this Council meet in the Council
C P mbers , City Hall , Waterloo, Iowa, at 7 o' clock
.M. , on the 28th day of June , 1982 , for the
purpose of taking action on the matter of the issuance of not
to exceed $120 ,000 of General Obligation Bonds, the proceeds
of which bonds will be used to provide funds to pay costs of
construction, enlargement, improvement and equipping of the
metropolitan bus garage and shall bear interest at a rate not
exceeding the maximum specified in the attached notice.
Section 2 . That the Clerk is hereby directed to cause at
least one publication to be made of a notice of said meeting
in a legal newspaper, printed wholly in the English language ,
published at least once weekly, and having general circulation
in said City, said publication to be not less than ten clear
days before the date of said public meeting on the issuance of
said bonds .
Section 3 . The notice of the proposed action to issue
said bonds shall be in substantially the following form:
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AHLERS. COONEY, DORWEILER, HAYNIE&SMITH, LAWYERS, DES MOINES. IOWA
NOTICE OF MEETING OF THE COUNCIL OF THE CITY OF
WATERLOO, IOWA, ON THE MATTER OF THE PROPOSED
ISSUANCE OF NOT TO EXCEED $120 ,000 PRINCIPAL
AMOUNT OF GENERAL OBLIGATION BONDS (FOR A
GENERAL CORPORATE PURPOSE) , AND HEARING ON
ISSUANCE OF SAID BONDS
Public Notice is hereby given that the Council of the City
of Waterloo , Iowa , will hold a public hearing on the 28th
day of June , 1982 , at 7 o'clock P .M. , in
the Council Chambers , City Hall , Waterloo, Iowa, at which
meeting the Council proposes to take action for the issuance
of not to exceed $120 ,000 of General Obligation Bonds , bearing
interest at the rate of not to exceed twelve per centum per
annum, said bonds to be issued for the purpose of providing
funds to pay costs of construction, enlargement, improvement
and equipping of the metropolitan bus garage .
This Notice is given by order of the Council of the City
of Waterloo, Iowa , as provided by Section 384 .26 of the City
Code of Iowa.
At any time before the date of said meeting, a petition,
asking that the question of issuing such bonds be submitted to
the legal voters of said City, may be filed with the Clerk of
said City in the manner provided by Section 362.4 of the City
Code of Iowa, pursuant to the provisions of Section 384 .26 of
the City Code of Iowa .
Dated at Waterloo, Iowa, this 14th day of June ,
1982.
Deputy City Clerk of Waterloo, Iowa
Michelle Teneyer
( End of Notice )
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AHLERS, GOONEY, DORWEILER, HAYNIE&SMITH, LAWYERS, DES MOINES, IOWA
Section 4 . The Clerk is authorized and directed to
proceed on behalf of the City with preparation for the sale of
said bonds , to select a date for the sale thereof, to cause to
be prepared such notice and sale information as may appear
appropriate , to publish and distribute the same on behalf of
the City and this Council and , subject to public hearing on
the issuance of the bonds, 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 14th day of June , 1982 .
Mayor
Leo P . Rooff
ATTEST:
Lam ,
Deput City Clerk
Michelle Temeyer
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AHLERS, COONEY. DORWEILER, HAYNIE&SMITH, LAWYERS, DES MOINES, IOWA