HomeMy WebLinkAbout1990-181-04.02.1990 The Mayor announced that this was the time for meeting on the
matter of the issuance of not to exceed $75, 000 of general
obligation bonds in order to provide funds to pay costs of
acquisition, construction, reconstruction, improvement and
equipping of the 5 Sullivan Brothers Convention Center; 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 Buck , 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 $75, 000 GENERAL
OBLIGATION BONDS" , and moved:
/ X/ that the Resolution be adopted.
/ / 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 , 1990, at
this place.
Council Member Wright seconded the motion. The
roll was called and the vote was,
AYES: Fox, Angel, Buck, Wright,
Budak and Brown
ABSENT: Wan Dell
Whereupon, the Mayor declared the measure duly adopted.
RESOLUTION NO. 1990-181
RESOLUTION INSTITUTING PROCEEDINGS TO TAKE ADDITIONAL
ACTION FOR THE AUTHORIZATION AND ISSUANCE OF NOT TO
EXCEED $75, 000 GENERAL OBLIGATION BONDS
-6-
AHLERS,COONEY,DORWEILER,HAYNIE,SMITH&ALLBEE,P.C.
ATTORNEYS AT LAW DES MOINES,IOWA
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 $75, 000
General Obligation Bonds for a general corporate purpose, in order
to provide funds to pay costs of acquisition, construction,
reconstruction, improvement and equipping of the 5 Sullivan
Brothers Convention Center, 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 $75, 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 2nd day of April , 1990.
Mayor, Berna>:'fl L. McKinl
ATTEST:
C rk La y P. Bur r
-7-
AHLERS,COONEY,DORWEILER,HAYNIE,SMITH&ALLBEE,P.C.
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 4th day of April , 1990.
Ci Cl k, Water o, Iowa
L ry Burger
SEAL
AHLERS,COONEY,DORAEILER,HAYNIE.SMITH&.ALLBEE,P.C.
ATTORNEYS AT LAW DES MOINES,IOWA