HomeMy WebLinkAbout26763 RESOLUTION NO. 26763
RESOLUTION determining to proceed with
the issuance of not to exceed $2,000,000
Hospital Facility Revenue Bonds , Series
1980A (Schoitz Memorial Hospital Project)
of the City of Waterloo , Iowa, for the purpose
of defraying the cost of certain additions
and improvements to the existing hospital
facility of Schoitz Memorial Hospital.
* *
WHEREAS the City of Waterloo, in the County of Black
Hawk, State of Iowa (the "City") , proposes to issue Hospital
Facility Revenue Bonds, Series 1980A (Schoitz Memorial Hospital
Project) of said City in an aggregate principal amount not to
exceed $2,000,000 (the "Series A Bonds" ) for the purpose of
lending the proceeds thereof to Schoitz Memorial Hospital (the
"Hospital" ) to defray the cost, to that amount, of certain addi-
tions and improvements by said Hospital to its existing hospital
facility located at Ridgeway & Kimball Avenues, and within said
City, said additions and improvements consisting generally of
the expansion and remodeling of the existing hospital facility
for use as a lobby and administrative office and the improvement
of certain land of said Hospital to provide additional parking,
including access thereto by way of a tunnel (hereinafter referred '
to collectively as the "Series A 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 neces-
sary and advisable to proceed with the Series A Project , the
issuance of the Series A Bonds, and the loan of the proceeds of
the Series A Bonds to the Hospital;
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 A Bonds .
Section 2 . That this City Council deems it necessary
and advisable, and hereby determines , to proceed with the Series A
Project , the issuance of the Series A Bonds , and the loan of the
proceeds of the Series A Bonds to the Hospital, all upon terms
and conditions mutually satisfactory to the City and the Hospital .
Section 3. That this Resolution shall become effective
immediately upon its passage and approval .
Passed and approved January 28, 1980.
..,(41e4) "elf(
Mayor
Attest :
CA99
Ac 'ng Ci Clerk
Recorded JANUARY 29 , 1980
(74579
Acti ity lerk
-2-
I, TOM CAMPBELL , 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 care-
fully compared the transcript hereto attached with the afore-
said corporate records and that said transcript hereto attached
is a true, correct and complete copy of all the corporate records
in relation to the action taken by the City Council of said City
on January 28, 1980, in connection with the public hearing conducted
on the proposal to issue Hospital Facility Revenue Bonds, Series
1980A (Schoitz Memorial Hospital Project) of said City.
WITNESS my hand and the corporate seal of said City
hereto affixed at Waterloo, Iowa, this 29th day of JANUARY
1980.
0.10727
Ac ng Ci Clerk
(SEAL)
STATE OF IOWA )
) SS
COUNTY OF BLACK HAWK )
Subscribed and sworn to before me this day, the date
last above written.
� Notary ubli
My commission expires : 24 „"}-30 /9b.�-- (Gertrude Nottger
(Notarial Seal)