HomeMy WebLinkAbout1989-269-06.12.1989 ORIGINAL
(This Notice to be posted)
NOTICE AND CALL OF PUBLIC MEETING
Governmental Body: The City Council of Waterloo, Iowa.
Date of Meeting: June 12, 1989
Time of Meeting: 7: 00 P.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:
$4 , 470, 000 Essential Corporate Purpose General Obligation Bonds.
$150, 000 General Corporate Purpose General Obligation Bonds.
$145, 000 General Corporate Purpose General Obligation Bonds.
$135, 000 General Corporate Purpose General Obligation Bonds.
- Public hearing on the issuance.
- Resolution instituting proceedings to
take additional action.
Such additional matters as are set forth on the addi-
tional 12 page(s) attached hereto.
(number)
This notice is given at the direction of the Mayor
pursuant to Chapter 21, Code of Iowa, and the local rules of said
governmental body.
Ci y Cl k/Auditor, Waterloo, Iowa
L rry P Burger
AI-ILERS,COONEY,DORWEILER,HAYNIE,SMITH&ALLBEE
ATTORNEYS AT LAW DES MOINES,IOWA
June 12 1989
The City Council of Waterloo, Iowa, met in Regular
session, in the Council Chambers, City Hall, Waterloo, Iowa, at 7 : 00
o'clock P .M. , on the above date. There were present Mayor Bernard L.
McKinley , in the chair, and the following named Council
Members:
Brown, Dell, Buck, Fox, Angel, Wright and Budak
Absent: none
* * * * * * *
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AHLERS,COONEY,DORWEILER,HAYNIE,SMITH&ALLBEE
ATTORNEYS AT LAW DES MOINES,IOWA
The Mayor announced that this was the time and place for the
public hearing and meeting on the matter of the issuance of
$4, 470, 000 General Obligation Bonds in order to provide funds to
pay costs of the construction, reconstruction and repairing of
street improvements, the acquisition, installation or repair of
traffic control devices and the acquisition of real estate needed
for such purposes; the construction, reconstruction or repair of
sidewalks and pedestrian underpasses and overpasses, and the
acquisition of real estate needed for such purposes; the
acquisition, construction, reconstruction, extension, improvement
or equipping of facilities useful for the collection, treatment
and disposal of sewage and industrial waste in a sanitary manner
and for the collection and disposal of surface waters and streams;
the acquisition, construction, reconstruction, enlargement,
improvement or repair of bridges, culverts, retaining walls,
viaducts, underpasses, grade crossing separations and approaches
thereto; the acquisition, construction, reconstruction or
improvement of waterways, and real and personal property, useful
for the protection or reclamation of property situated within the
City from floods or high waters; the reconstruction, extension and
improvement of the Waterloo Municipal Airport; and the
rehabilitation and improvement of existing City parks, an
essential corporate purpose, and that notice of the proposed
action by the Council to institute proceedings for the issuance of
said bonds, had been published pursuant to the provisions of
Section 384 . 25 of the City Code of Iowa.
The Mayor then asked the Clerk whether any written objections
had been filed by any city resident or property owner to the
issuance of said bonds. The Clerk advised the Mayor and the
Council that no written objections had been filed. The Mayor
then called for oral objections to the issuance of said bonds and
none were made. Whereupon, the Mayor declared the time for
receiving oral and written objections to be closed.
(Attach here a summary of objections
received or made, if any)
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AHLERS,COONEY,DORWEILER,HAYNIE,SMITH&ALLBEE
ATTORNEYS AT LAW DES MOINES,IOWA
The Council then considered the proposed action and the extent
of objections thereto.
Whereupon, Council Member Brown introduced and
delivered to the Clerk the Resolution hereinafter set out entitled
"RESOLUTION INSTITUTING PROCEEDINGS TO TAKE ADDITIONAL ACTION FOR
THE ISSUANCE OF $4, 470, 000 GENERAL OBLIGATION BONDS" , and moved:
/X/ that the Resolution be adopted.
C-7 to ADJOURN and defer action on the Resolution and the
proposal to institute proceedings for the issuance of
bonds to the meeting to be held at o'clock
.M. on the day of , 1989, at
this place.
Council Member Buck seconded the motion. The
roll was called and the vote was,
AYES: Brown, Dell, Buck, Fox, Angel,
Wright and Budak
NAYS: none
Whereupon, the Mayor declared the measure duly adopted.
RESOLUTION NO. 1989-269
RESOLUTION INSTITUTING PROCEEDINGS TO TAKE
ADDITIONAL ACTION FOR THE ISSUANCE OF $4 ,470, 000
GENERAL OBLIGATION BONDS
WHEREAS, pursuant to notice published as required by law, this
Council has held a public meeting and hearing upon the proposal to
institute proceedings for the issuance of $4, 470, 000 General
Obligation Bonds for the essential corporate purpose of paying
costs of the construction, reconstruction and repairing of street
improvements, the acquisition, installation or repair of traffic
control devices and the acquisition of real estate needed for such
purposes; the construction, reconstruction or repair of sidewalks
and pedestrian underpasses and overpasses, and the acquisition of
real estate needed for such purposes; the acquisition,
construction, reconstruction, extension, improvement or equipping
of facilities useful for the collection, treatment and disposal of
sewage and industrial waste in a sanitary manner and for the
collection and disposal of surface waters and streams; the
acquisition, construction, reconstruction, enlargement,
improvement or repair of bridges, culverts, retaining walls,
viaducts, underpasses, grade crossing separations and approaches
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AHLERS,COONEY,DORWEILER,HAYNIE,SMITH&ALLBEE
ATTORNEYS AT LAW DES MOINES,IOWA
thereto; the acquisition, construction, reconstruction or
improvement of waterways, and real and personal property, useful
for the protection or reclamation of property situated within the
City from floods or high waters; the reconstruction, extension and
improvement of the Waterloo Municipal Airport; and the
rehabilitation and improvement of existing City parks, and has
considered the extent of objections received from residents or
property owners as to said proposed issuance of bonds; and,
accordingly 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 CITY COUNCIL OF THE CITY
OF WATERLOO, IOWA:
Section 1. That this Council does hereby institute pro-
ceedings and takes additional action for the sale and issuance in
the manner required by law of $4,470, 000 General Obligation Bonds
for the foregoing essential 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 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 12th day of June , 1989.
r .44
Mayor Bernaicl L. McKin1e
ATTEST:
C rk L rry P. B ger
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AHLERS,COONEY,DORWEILER,HAYNIE,SMITH&ALLBEE
ATTORNEYS AT LAW DES MOINES.IOWA