HomeMy WebLinkAbout1981-591-12.07.1981 Waterloo, Iowa
December 7, 1981
The City Council of the City of Waterloo met in regular session at
7 :00 o'clock P.M. at the Council Chambers in the City Hall in said City. The
meeting was called to order and there were present Leo P. Rooff, Mayor, in the
chair, and the following named Councilmen: Getty, Wilharm, Roehr ,
Dowie , Penaluna, Bowers and Burton.
The City Council investigated and found that notice of intention to issue
not to exceed $200,000 Industrial Revenue Bonds, Series 1981 (Building Partner-
ship Project) of said City had been duly given by publication on November 13,
1981 , in The Waterloo Daily Courier, a legal newspaper having a general circula-
tion within said City. This being the time and place specified in said notice
for the conduct of a public hearing on the proposal to issue said bonds, the
Mayor announced that any local resident attending the hearing would now be
given an opportunity to express his views for or against the proposal to issue
the bonds. After all local residents who appeared at the hearing, who desired
to do so, had expressed their views for or against the proposal to issue the
bonds, Councilman Roehr introduced and caused to read Resolution
No. 1981-591 , entitled ,
RESOLUTION determining to proceed with the issuance of not to exceed
$200,000 Industrial Revenue Bonds , Series 1981 (Building Partnership
Project) of the City of Waterloo, Iowa,
and moved its adoption, seconded by Councilman Burton After due
consideration of said resolution by the Council , the Mayor put the question
on the motion and upon the roll being called, the following named Councilmen
voted :
-2-
Aye: Getty, Wilharm, Roehr. Dowie . Penaluna. Bowers and
Burton
Whereupon, the Mayor declared said resolution duly adopted and signed his
approval thereto.
* * * * * * * *
Upon motion and vote, the meeting adjourned.
64742,--??-160.e
Mayor , Leo . Rooff
Attest:
ity rk , a y P. Burger
RESOLUTION NO. 1981-591
RESOLUTION determining to proceed with the issuance
of not to exceed $200,000 Industrial Revenue Bonds ,
Series 1981 (Building Partnership) Project of the
City of Waterloo, Iowa.
* * * * * * * * *
WHEREAS, the City of Waterloo, in the County of Black Hawk, State of Iowa,
(the "City") , proposes to issue Industrial Revenue Bonds, Series 1981 (Building
Partnership Project), of said City in a principal amount not to exceed $200,000
(the "Series 1981 Bonds") for the purpose of lending the proceeds thereof to
a partnership composed of Herbert E. Williams, Parke H. Behn, Donald L. Lawson
and Larry Hickman, (the "Partnership) , to defray the cost, to that amount, of
the acquisition of certain improvements of its building and purchase of equip-
ment and fixtures for its manufacturing facility for the manufacture of paper and
office products located within the City, (the "Project") , by the Partnership,.
all in accordance with the provision of Chapter 419 of the Code of Iowa, 1981 ,
as amended (the "Act") ; and
WHEREAS, pursuant to published notice of intention, this City Council has
conducted a public hearing, as required by Section 419.9 of the Act, and this
City Council deems it necessary and advisable to proceed with the Project, the
issuance of the Bonds , and the loan of the proceeds of the Series 1981 Bonds
to the Corporation;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
WATERLOO, IOWA, AS FOLLOWS:
Section 1 . That at the public hearing conducted by this City Council
pursuant to published notice, all local residents who appeared were given an
opportunity to express their views for or against the proposal to issue the
Series 1981 Bonds.
-2-
Section 2. That this City Council deems it necessary and advisable, and
hereby determines, to proceed with the Project, the issuance of the Series 1981
Bonds, and the loan of the proceeds of the Series 1981 Bonds to the Partnership,
all upon terms and conditions mutually satisfactory to the City and the Partner-
ship.
Section 3. That this Resolution shall become effective immediately upon
its passage and approval .
Passed and approved this 7th day of December, 1981 .
•-•lf (
Mayor Leo P. o 1
Attest:
i ty. erk, arr P. Burger
I , Larry P. Burger, being first duly sworn, do hereby depose and certify
that I am the duly appointed , qualified and acting City Clerk of the City of
Waterloo, in the County of Black Hawk, State of Iowa, and as such I have in my
possession, or have access to, the complete corporate records of said City and
of its Council and officers; that I have carefully compared the transcript
hereto attached with the aforesaid corporate records and that said transcript
hereto attached is a true, correct and complete copy of all the corporate
records in relation to the adoption of Resolution No. 19 81-5 9 1 , entitled:
RESOLUTION determining to proceed with the issuance of not to
exceed $200,000 Industrial Revenue Bonds, Series 1981 (Build-
ing Partnership Project) of the City of Waterloo, Iowa.
WITNESS my hand and the corporate seal of said City hereto affixed at
Waterloo, Iowa, this 8 day of December, 1981 .
7:4017
City Clerk , arry P Burger
(SEAL)
STATE OF IOWA )
) ss.
COUNTY OF BLACK HAWK )
Subscribed and sworn to before me this day, the date last above written.
Notary Public n and for the State'Aof Iowa
(Notarial Seal )