HomeMy WebLinkAbout27091 } RESOLUTION NO. 21091
RESOLUTION to fix a date of meeting at which
it is proposed to institute proceedings for
the issuance of $2,455,000 Corporate Purpose
Bonds._
' WHEREAS it is necessary and for the best interest of
.the City of Waterloo, Iowa, and its inhabitants that the fire
department of said City be equipped and-the estimated cost of
such equipping is. $160,000 and the equipping of said fire depart-
ment constitutes an "essential corporate purpose" within the
' meaning of Section 384, 24 (3 j) of the Code of Iowa, 1979, as
amended, and it is ' proposed that the cost thereof be paid through
the issuance of General Obligation Bonds of said City; and
WHEREAS it is necessary and for the best interest of
the City of Waterloo, Iowa, and its inhabitants that certain
bridges and approaches thereto be 'acquired, reconstructed, improved
and repaired in and for said City and the estimated cost of such
bridges and approaches Is $295,000 and such acquisition, recon-
atruction, improvement and repair constitutes an "essential
corporate purpose" within the meaning of Section 384. 24 (3e) of
the Code of Iowa, 1979,' as amended, and it is proposed that the
cost thereof be paid through the issuance of General Obligation
Bonds of said City; and
WHEREAS it is necessary and for the best interest of
the City of Waterloo, Iowa, and its inhabitants that certain
Streets be paved and other street improvements be constructed in
said City and it is estimated that the cost of said paving and
street improvements is $1 ,900, 000 and such improvements constitute
an "essential corporate purpose" within the meaning oft''Section
384 . 24 (3a) of the Code of• Iowa, 1979, as amended, and it is
proposed that the cost thereof be paid through the issuance of
General Obligation Bonds of the City; and
•
7.fU a -wL:dr i ,r .,j{;, x ,y,E •S gw-5.¢ -<;P.a+rt ,a,;&.tpk`Y ps.' ..,2 {- y 4s.{r. _ _
,P u' �'�•+�fPi tt*s ��`ta' k �,w$ h�p`�r.'?�♦'�''^ s. """w�'t� F �" 'Y 3
aa e• ,:.3 a ... �.�•s. a �Y ' i•,. � 5.:� "' :i...''fi i'.. - ... w ..
•
WHEREAS it is necessary and for the best interest of
. the City of Waterloo, Iowa, and its inhabitants that works and
facilities useful for the collection, treatment and disposal QV' .
sewage and industrial waste in a sanitary manner be acquired,
constructed, reconstructed, extended, improved and equipped and
the estimated cost of such works and facilities is $50,C00 and
such acquisition, construction, reconstruction, extension,
improvement and equipping constitutes an "essential corporate
purpose" within the meaning of Section 384. 24(3d) of the Code of
Iowa, 1979, as amended, and it is proposed that the cost thereof
be paid through the issuance of General Obligation Bonds of said
City; and
WHEREAS it is necessary and for the best interest of
the City of Waterloo, Iowa and its inhabitants that works and
facilities useful for the collection and disposal of surface.
waters and streams be acquired, constructed, reconstructed,
extended, improved and equipped and the estimated cost of such
works and facilities is $50,000 and such acquisition, construction,
reconstruction, extension, improvement and equipping constitutes
an "essential corporate purpose" within the meaning of Section
384.24(3d) ` of the Code of Iowa, 1979, as amended, and it is
proposed that the cost thereof be paid through the issuance of
General Obligation Bonds of said City; and
WHEREAS it is necessary to fix a date of meeting of
this City Council at which it is proposed to institute proceedings
for the issuance of Corporate Purpose Bonds of the City of
Waterloo, Iowa, in the aggregate amount of $2, 455,000 to pay the
cost of the foregoing essential corporate purpose improvements
and to give notice thereof as required by Section 384. 5 of the
Code of Iowa, 1979, as amended; and
� .a 4.r1v,„r:l
•
WHEREAS under the provisions of Section 384.28 of the
Code of Iowa, 1979, as amended, separate categories of essential`
corporate purposes may be incorporated in a single notice or" •
intention to institute proceedings for the issuance of bonds;
NOW, THEREFORE, Be It Resolved by the City Council of
the City 'of Waterloo, Iowa as follows
•
Section 1. That this Council meet at the Council
Chambers in the City Hall in said City on the 1lth day of Ju'Y ,
1980, at 11 o'clockA .M. , at which time and place proceedings
will be instituted and action taken for the issuance of $2,455,000
Corporate Purpose Bonds to pay the cost of equipping the fire
department to the amount of $160,000, acquiring, reconstructing,
improving and repairing certain bridges and approaches thereto to '"
the amount of $295,000, paving and other street improvements to
the amount of:-$1,900,000, acquiring, constructing, reconstructing,
extending, improving and equipping works and facilities useful
for the collection, treatment and disposal of sewage and industrial
waste in, a sanitary manner to the amount of $50,000 and acquiring,
constructing, reconstructing, extending, improving and equipping
works and facilities useful for the collection and disposal' of
surface waters to the amount of $50,000, all as referred to in
the preamble hereof.
Section 2. That the City Clerk is hereby directed to
• give notice of the proposed action for the issuance of said bonds ,
setting forth the amount and purposes thereof and the time when
and the place where said meeting will be held, by publication at
least once not less than four (4 ) nor more than twenty (20) days
before the date of said meeting in the "Waterloo Daily Courier",
a newspaper published and having a general circulation within
said City'. Said notice shall be in substantially the following
form:
• _3_
{
S r i Jp • -i TE w, t
NOTICE OF MEETING FOR THE ISSUANCE
OF CORPORATE PURPOSE BONDS
The City Council of the City of Waterloo, in Black Hawk
County; 'Iowa, will meet on the 17th day of JulY , 1980, at the
Council Chambers in the City Hall, Waterloo, Iowa, at 11
o' clock A.M. , at~which time and place proceedings will be
instituted and action taken for the issuance of $2, 455, 000
Corporate Purpose Bonds of said City for the purpose of defraying '
the cost , to that amount, of the following projects : . •
1.' The equipping of the fire department at an
`aggregate cost of $160, 000.
2. The acquisition, reconstruction, improvement and
'repair of certain bridges and approaches thereto at an ' aggregate
cost of $295,000.. .
3. The Paving of certain streets and the construction
of other street improvements at an aggregate cost of $1, 900,000.
4 . The acquisition, construction, reconstruction,
extension, improvement and equipping of works and facilities
useful 'for the collection, treatment and disposal of sewage
and industrial waste in a sanitary manner at an aggregate
cost of $50,000.
• 5. The acquisition, construction, reconstruction,
extension, improvement and equipping of works and facilities
useful for the collection and disposal of surface waters at an
aggregate cost of $50,000.
At the time and place fixed`- for said: meeting, as set
forth above , the City Council of said City will receive oral or
• written objections from any resident or property owner of the
City.
By order of the City Council July 7 1980.
ze7,:,3&)
City Clerly,
4
' s
. K
an
Section 1. That all resolutions or
parts thereof in
conflict herewith 4e and the same are hereby repealed and this
resolution shall be effective forthwith upon its passage and •
approval.
Passed and approved July 7 , 1980.
•
Mayo r
<' lt st
QQQ
C Cler
Recorded _July23 , , 1980.
ity Clerk.
•
•
w d
yK_