HomeMy WebLinkAbout1981-179-04.20.1981 Bowers introduced the following
Resolution entitled "RESOLUTION DIRECTING SALE OF $290, 000. 00
STREET IMPROVEMENT BONDS AND $50, 000.00 SEWER IMPROVEMENT
BONDS, " and moved its adoption. Dowie
seconded the motion to adopt. The roll was called and the
vote was,
AYES: Bowers , Burton, Dowie , Getty
Penaluna, Roehr
NAYS: None
Whereupon, the Mayor declared the following Resolution
duly adopted: Resolution No.
RESOLUTION DIRECTING SALE OF
$290, 000. 00 STREET IMPROVEMENT
BONDS AND $50, 000.00 SEWER
IMPROVEMENT BONDS
WHEREAS, pursuant to notice as required by law, bids have
been received at public sale for the bonds described as
follows and the best bid received is determined to be the
following:
$290, 000.00 STREET IMPROVEMENT BONDS:
Bidder: Shaw, McDermott & Co of Des Moines , Iowa
the terms of said bid being:
Net Interest Cost : 149 , 950
Net Interest Rate : 9 , 7476
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AHLERS, GOONEY, DORWEILER, HAYNIE&SMITH, LAWYERS, DES MOINES, IOWA
$50, 000. 00 SEWER IMPROVEMENT BONDS:
Bidder: Shaw, McDermott & Co of Dps Moines , Iowa
the terms of said bid being:
Net Interest Cost : 25 . 775 . 00
Net Interest Rate : 9. 9774
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF WATERLOO, IOWA:
Section 1 . That the bid for the bonds as above set out is
hereby determined to be the best and most favorable bid
received and, said bonds are hereby awarded based on said bid.
Section 2 . That the statement of information for bond
bidders and the form of contract for the sale of said bonds
are hereby approved and the Mayor and Clerk are authorized to
execute the same on behalf of the City.
Section 3 . That the notices of the sale of the bonds
heretofore given and all acts of the Clerk done in furtherance
of the sale of said bonds are hereby ratified and approved.
PASSED AND APPROVED, this 20th day of April
19F31 .
ay
or Pro-Tem
ATTEST:
C 1 k9-7 "air
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AHLERS, GOONEY, DORWEILER, HAYNIE&SMITH, LAWYERS, DES MOINES, IOWA
CiG-3-1-79
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 of Cr: ��__ -4 , Code of Iowa,
upon reasonable advance notice to the public and media at
least twenty-four hours prior to the commencement 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 21st day of April
19 81 .
Clerk o th ty of er Iowa
SEAL
AHLERS, COONEY. DORWEILER. HAYNIE&SMITH. LAWYERS. DES MOINES. IOWA