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HomeMy WebLinkAbout1981-007-01.12.1981 RESOLUTION APPROVING ISSUANCE OF BONDS The City Council of the City of Waterloo met in regular session at 7 o'clock P.M. on January 12, 1981 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 Council- men: ower$, Burton, bowie, Getty, Penaluna, Roehr Wilhazr Absent: NONE * * * * * * * * * * * * * The City Council investigated and found that notice of intention to issue not to exceed $600,000 Qualified Urban Renewal Area Revenue Bonds, Series 1981 (Stephens--Chauncey's Project) of said City had been duly given by publication on L G er 22 , 1980, in The Waterloo Daily Courier, a legal newspaper published and having a general circulation 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 ex- pressed their views for or against the proposal to issue the bonds, Councilman Bowers introduced and caused to read Resolution No. 19 i1-7 , entitled, RESOLUTION determining to proceed with the issuance of not to exceed $600,000 Qualified Urban Renewal Area Revenue Bonds, Series 1981 (Stephens--Chauncey's 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 BOOK 237 PATE 6UO -2- question on the motion and upon the roll being called, the following named Councilmen voted: Aye: Bowers, Burton, Dowie, Getty, Penaluna, Roehr, Wilharm Nay: yOA.E:, Whereupon, the Mayor declared said resolution duly adopted and signed his approval thereto. * * * * * * * * * * * * Upon motion and vote, the meeting adjourned. .-"-id,,_E Jack It nr t �/ Mayor Attest: .. , Larry ' ' : ' Litt' Clerk BOOK 237 PAGE 609 RESOLUTION NO. 19 1-7 RESOLUTION determining to proceed with the issuance of not to exceed $600,000 Qualified Urban Renewal Area Revenue Bonds, Series 1981 , (Stephens--Chauncey's 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 Qualified Urban Renewal Area Revenue Bonds, Series 1981 , (Stephens--Chauncey's Project) of said City in a prin- cipal amount not to exceed $600,000 (the "Series 1981 Bonds") for the purpose of lending the proceeds thereof to Stephens, Inc. and Chauncey's Coupe and Conservatory Associates III to defray the cost, to that amount, of improve- ments to land and buildings which are suitable for use in a commercial enterprise; i .e. , the construction and remodeling of a restaurant and bar and retail business for the sale of men's, women's and children's clothing and accessories in the 600 Block of Sycamore in Waterloo, Iowa, ( the "Project"), all in accordance with the provisions of Chapter 419 of the Code of Iowa, 1979, 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 Stephens, Inc. and Chauncey's Coupe and Conservatory Associates III; 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. Bp( 237 AtE LIO -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 Stephens, Inc. and Chauncey's Coupe and Conservatory Associates III , all upon terms and conditions mutually satisfactory to the City and Stephens, Inc. and Chauncey's Coupe and Conservatory Associates III. Section 3. That this Resolution shall become effective immediately upon its passage and approval . '"'"• (4 Passed and approvedJanuary 1981 . • . Jsc1 Mayorla Attest: Larry P. 11U erk Recorded , 1981 La:all P. Bwx ,tir, Cit lerk BOCK 237 PAGE 611 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 re- cords and that said transcript hereto attached is a true, correct and com- plete copy of all the corporate records in relation to the adoption of Resolution No. 198i-7 enti tled: RESOLUTION determining to proceed with the issuance of not to exceed $600,000 Qualified Urban Renewal Area Revenue Bonds, Series 1981 , (Stephens--Chauncey's Project) of the City of Waterloo, Iowa. WITNESS my hand and the corporate seal of said City hereto affixed at Waterloo, Iowa, this 14th day of . aili441 , 1981 . ry .1.„tr ,E. b erk (SEAL) , STATE VF`TOWA�s ) ss. COUNTY OF BLACK HAWK ) Subscribed and sworn to before me this day, the date last above written. 1/4.1\„° Notary Public inand for the Sta��wgf My commission expires: L\ 33 BLACK HAWK COUNTY, IOWA:SS Filed for record J'p.M q 19 21 (Notarial Seal ) 1 INDEXED e,�,,. at Q'.Q I flM, and recorded in COMPARED • Book oZ 2 7 • PAGED 16 Page Recorder Deputy Fee 1rj,�en^ n- BJD, 237 PAGE 612 s-0-7o3 I 117 1 RESOLUTION APPROVING ISSUANCE OF BONDS The City Council of the City of Waterloo met in regular session at 7 o'clock P.M. on January 12, 1981 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 Council- men: Bowers , Burton, Dowie, Getty, Penaluna, Roehr Wilharm Absent: NONE * * * * * * * * * * * * * The City Council investigated and found that notice of intention to issue not to exceed $600,000 Qualified Urban Renewal Area Revenue Bonds, Series 1981 (Stephens--Chauncey's Project) of said City had been duly given by publication on December 22 , 1980, in The Waterloo Daily Courier, a legal newspaper published and having a general circulation 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 ex- pressed their views for or against the proposal to issue the bonds, Councilman Bowers introduced and caused to read Resolution No. 1981-7 , entitled, RESOLUTION determining to proceed with the issuance of not to exceed $600,000 Qualified Urban Renewal Area Revenue Bonds, Series 1981 (Stephens--Chauncey's 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 -2- question on the motion and upon the roll being called , the following named Councilmen voted: Aye: Bowers , Burton, Dowie , Getty, Penaluna, Roehr, Wilharm Nay: NONE Whereupon, the Mayor declared said resolution duly adopted and signed his approval thereto. * * * * * * * * * * * * Upon motion and vote, the meeting adjourned. Jack oehr, Mayor P'ro Tern Attest: 7/ ..e ) Larry P. u ger i ty C 1r RESOLUTION NO. 1981-7 RESOLUTION determining to proceed with the issuance of not to exceed $600,000 Qualified Urban Renewal Area Revenue Bonds, Series 1981 , (Stephens--Chauncey's 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 Qualified Urban Renewal Area Revenue Bonds, Series 1981 , (Stephens--Chauncey's Project) of said City in a prin- cipal amount not to exceed $600,000 (the "Series 1981 Bonds") for the purpose of lending the proceeds thereof to Stephens, Inc. and Chauncey's Coupe and Conservatory Associates III to defray the cost, to that amount, of improve- ments to land and buildings which are suitable for use in a commercial enterprise; i .e. , the construction and remodeling of a restaurant and bar and retail business for the sale of men's , women's and children's clothing and accessories in the 600 Block of Sycamore in Waterloo, Iowa, ( the "Project") , all in accordance with the provisions of Chapter 419 of the Code of Iowa, 1979, 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 Stephens, Inc. and Chauncey's Coupe and Conservatory Associates III; 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 Stephens, Inc. and Chauncey's Coupe and Conservatory Associates III , all upon terms and conditions mutually satisfactory to the City and Stephens, Inc. and Chauncey's Coupe and Conservatory Associates III. Section 3. That this Resolution shall become effective immediately upon its passage and approval . Passed and approved January 12 , 1981 . -/ c lr ;-/- (77r , , ....______ Jack Roeh , Mayor Pr 'Tem Attest: - 1/.-) , Larry P, ur ezC,i Cl er r Recorded , 1981 - , , , Larry P. Burger, C. Clerk 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 re- cords and that said transcript hereto attached is a true, correct and com- plete copy of all the corporate records in relation to the adoption of Resolution No. 1981-7 entitled: RESOLUTION determining to proceed with the issuance of not to exceed $600,000 Qualified Urban Renewal Area Revenue Bonds, Series 1981 , (Stephens--Chauncey's Project) of the City of Waterloo, Iowa. WITNESS my hand and the corporate seal of said City hereto affixed at Waterloo, Iowa, this 14th day of January , 1981 . Larry P. Surge, , Ci l erk (SEAL) STATE OF IOWA ) ) ss. COUNTY OF BLACK HAWK ) Subscribed and sworn to before me this day, the date last above written. Notary Public in and for the State of Iowa My commission expires: (Notarial Seal )