HomeMy WebLinkAbout1989-272-06.12.1989 The Mayor announced that this was the time for meeting on the
matter of the issuance of not to exceed $135, 000 of general
obligation bonds in order to provide funds to pay costs of the
improvement and equipping of the Old East Side Library facility,
and the Waterloo Municipal Stadium; 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 petition 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.
Whereupon, Council Member Wright , 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 $135, 000 GENERAL
OBLIGATION BONDS" , and moved:
l that the Resolution be adopted.
El 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 Angel 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. 1989-272
RESOLUTION INSTITUTING PROCEEDINGS TO TAKE ADDITIONAL
ACTION FOR THE AUTHORIZATION AND ISSUANCE OF NOT TO
EXCEED $135, 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 $135, 000
-9-
AHLERS,COONEY,DORWEILER,HAYNIE,SMITH&ALLBEE
ATTORNEYS AT LAW DES MOINES,IOWA
General Obligation Bonds for a general corporate purpose, in order
to provide funds to pay costs of the improvement and equipping of
the Old East Side Library facility, and the Waterloo Municipal
Stadium, 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
proceedings and take additional action for the authorization and
issuance in the manner required by law of not to exceed $135, 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 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.
e
Mayor BernarL. McKinl
ATTEST:
,A )
C r rrygr
-10-
AHLERS,COONEY,DORY/FILER,HAYNIE,SMITH&ALLBEE
ATTORNEYS AT LAW DES MOINES.IOWA
CIG-3
4-85
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 portion
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 accessible to the public and clearly
designated for that purpose 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 21, 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 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 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 14th day of June , 1989.
////
Ci k, Wate o, Iowa
L rr . Burge
SEAL
AHLERS,COONEY,DORWEILER,HAYNIE,SMITH&ALLBEE
ATTORNEYS AT LAW DES MOINES.IOWA