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HomeMy WebLinkAbout1982-249-06.14.1982 Council Member Getty introduced the following Resolution entitled "RESOLUTION FIXING DATE FOR A MEETING ON THE PROPOSITION OF THE ISSUANCE OF NOT TO EXCEED $55 ,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 , Dowie , Roehr, Getty, Penaluna, Wilharn NAYS: None Whereupon, the Mayor declared the resolution duly adopted as follows : RESOLUTION NO. 1982-249 RESOLUTION FIXING DATE FOR A MEETING ON THE PROPOSITION OF THE ISSUANCE OF NOT TO EXCEED $55 ,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 $55 ,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: -10- AHLERS. COONEY, DORWEILER, HAYNIE&SMITH, LAWYERS, DES MOINES, IOWA Section 1. That this Council meet in the Council Chambers , City Hall , Waterloo, Iowa, at 7 o' clock P .M. , on the 28th day of June , 1982 , for the purpose of taking action on the matter of the issuance of not to exceed $55 , 000 of General Obligation Bonds , the proceeds of which bonds will be used to provide funds to pay costs of constructing surfacing of a recreation building parking lot 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: -11- AHLERS, GOONEY, 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 $55 ,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 $55,000 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 constructing surfacing of a recreation building parking lot. 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 . uepury City Clerk of Waterloo, Iowa Michelle Temeyer ( End of Notice) -12- AHLERS, COONEY, 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 , subject to public hearing on the issuance of the bonds, 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 14th day of June , 1982. Mayor Leo P . Rooff ATTEST: I ! IYYL Depu City Clerk Michelle Temeyer -13- AHLERS, COONEY, DORWEILER, HAYNIE&SMITH, LAWYERS, DES MOINES, IOWA CITY'S COPY CIG-3 1-79 CERTIFICATE STATE OF IOWA SS COUNTY OF BLACK HAWK I , the undersigned City Clerk of Waterloo, Iowa, do hereby certify that attached is a true and complete copy of the por- tion 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 15th day of June , 1982 . Depu City clerk, Water oo y o Michelle Temeyer SEAL AHLERS, COONEY, DORWEILER, HAYNIE&SMITH, LAWYERS, DES MOINES, IOWA