HomeMy WebLinkAbout27011 May 27, 1980
Penaluna introduced the following
Resolution entitled "RESOLUTION DIRECTING SALE OF $290, 000.00
STREET IMPROVEMENT BONDS (CONTRACT #170) , $220, 000.00 STREET
IMPROVEMENT BONDS (CONTRACT #166) , AND $95, 000.00 STREET
IMPROVEMENT BONDS (CONTRACT #168) , " and moved its adoption.
Dowie seconded the motion to adopt. The
roll was called and the vote was,
AYES: Bowers, Burton, Dowie, Getty
Penaluna, Wilharm
Absent
NAM: Roehr
Whereupon, the Mayor declared the following Resolution
duly adopted: Res . No . 27011
RESOLUTION DIRECTING SALE OF $290, 000.00 STREET
IMPROVEMENT BONDS (CONTRACT #170) , $220, 000.00
STREET IMPROVEMENT BONDS (CONTRACT #166) , AND
$95, 000.00 STREET IMPROVEMENT BONDS (CONTRACT #168)
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 (CONTRACT #170) :
Bidder: Dain Bosworth, Inc. of Davenport, Iowa
the terms of said bid being:
Principal $290,000
Net Interest Cost $132.025
Net Interest Rate 8.8607%
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AI-iLERS, GOONEY, DORWEILER, HAYNIE&SMITH, LAWYERS, DES MOINES, IOWA
•
$220, 000. 00 STREET IMPROVEMENT BONDS (CONTRACT #166) :
Bidder: Dain Bosworth Inc. of Davenport, Iowa
the terms of said bid being:
Principal $220,000
Net Interest Cost $102,950
Net Interest Rate 8.875%
$95, 000.00 STREET IMPROVEMENT BONDS (CONTRACT #168) :
Bidder: Dain Bosworth, Inc. of Davenport, Iowa
the terms of said bid being:
Principal $95,000
Net Interest Cost $44,750
Net Interest Rate 8.994975
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.
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AHLERS. GOONEY, DORWEILER, HAYNIE&SMITH. LAWYERS, DES MOINES, IOWA
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 27th day of May
1980.
Z ✓ ,'
Mayor
ATTEST:
Clerk
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AHLERS, COONEY. 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 poszed 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 28A, 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 10th day of June
1980 •
Cler of t Cit o Wat o ,Iowa
SEAL
AHLERS, GOONEY, DORWEILER,HAYNIE&SMITH, LAWYERS, DES MOINES, IOWA