HomeMy WebLinkAbout1990-156-03.21.1990 Council Member Wright introduced the
following Resolution entitled "RESOLUTION FIXING DATE FOR A
MEETING ON THE PROPOSITION OF THE ISSUANCE OF NOT TO EXCEED
$75, 000 OF GENERAL OBLIGATION BONDS AND PROVIDING FOR PUBLICATION
OF NOTICE THEREOF" , and moved that the same be adopted. Council
Member Brown seconded the motion to adopt. The
roll was called and the vote was,
AYES: Dell, Fox, Wright, and Brown
ABSENT:
Angel, Buck and Budak
Whereupon, the Mayor declared the resolution duly adopted as
follows: RESOLUTION NO. 1990-156
RESOLUTION FIXING DATE FOR A MEETING ON THE
PROPOSITION OF THE ISSUANCE OF NOT TO EXCEEI)
$75, 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 $75, 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:
Section 1. That this Council meet in the Council Chambers,
City Hall, Waterloo, Iowa, at 7 : 00 o'clock P .M. , on the
2nd day of April , 1990, for the purpose of taking
action on the matter of the issuance of not to exceed $75, 000 of
General Obligation Bonds, the proceeds of which bonds will be used
to provide funds to pay costs of acquisition, construction,
reconstruction, improvement and equipping of the 5 Sullivan
Brothers Convention Center and shall bear interest at a rate not
exceeding the maximum specified in the attached notice.
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AHLERS,COONEY,DORMEILER.HAYNIE,SMITH&ALLREE,P.C.
ATTORNEYS AT LAW DES MOINES,IOWA
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,DORM EILER,HAYNIE,SMITH&ALLBEE,P.C.
ATTORNEYS AT LAW 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 $75, 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 2nd day of
April , 1990, at 7 : 00 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 $75, 000
of General Obligation Bonds, bearing interest at the rate of not
to exceed 12% per centum per annum, said bonds to be issued for
the purpose of providing funds to pay costs of acquisition,
construction, reconstruction, improvement and equipping of the 5
Sullivan Brothers Convention Center.
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 20th day of March
1990.
Deputy City Clerk of Waterloo, Iowa
Michelle Temeyer
(End of Notice)
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AHLERS,COONEY,DORWEILER,HAYNIE.SMITH&ALLBEE,P.C.
ATTORNEYS AT LAW DES MOINES,IOWA
PASSED AND APPROVED this 19th day of March , 1990.
B M er and i N[c nP "e
Y Y
71,
ATTEST:
Clerk, i helle Temeyer
Deputy City Clerk/Auditor
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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 20th day of March , 1990.
Deputy C ty Clerk, Waterloo, Iowa
Michelle Temeyer
SEAL
1HLERS,COONEY,IORWEILER,HAYNIE,SMITH&ALLBEE,P.C.
ATTORNEYS AT LAW DES MOINES,IOWA