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Home My WebLink About2016-312-4/25/2016 Prepared by Kelley Felchle, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323. RESOLUTION NO. 2016-312 RESOLUTION ELECTING CLASSIFICATIONS AND PROCEDURES FOR PROPOSED BOND PROJECTS. WHEREAS, this Council proposes to authorize the issuance of general obligation bonds under Chapters 384 and 403 of the Code of Iowa for the purpose of providing funds to pay the costs of the fiscal year 2017 capital improvements projects; and WHEREAS, the projects consist of both essential corporate purposes and general corporate purposes, as those terms are defined in Section 384.24 of the Code of Iowa; and WHEREAS, Section 384.28 of the Code of Iowa provides generally that the definitions of essential corporate purposes and general corporate purposes are not mutually exclusive, and that if a project or activity may be reasonably construed to be included in more than one classification, the Council may elect at any time between the classifications and the procedures respectively applicable to each classification; and WHEREAS, the Chief Financial Officer has proposed that the projects to be funded with the proposed general obligation bonds be classified for purposes of the applicable hearing procedures as set forth in the summary attached hereto and made a part hereof. A F NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF WATERLOO, IOWA, that the classifications and procedures proposed in the summary attached hereto be and hereby are in all respects approved, and the City Council hereby elects the classifications and.procedures indicated on said summary, as authorized by Section 384.28, for purposes of establishing the classifications and hearing procedures applicable to the proposed FY2017 project bonds. PASSED AND APPROVED this 25th day of April, 2016. Quentin Hart,Mayor ATTEST: A. O Suzy Sc ares, CMC City.Clerk Resolution No. 2016-312 ITEMS TO INCLUDE ON AGENDA CITY OF WATERLOO, IOWA General Obligation Bonds X Resolution Electing Classifications and Procedures for Proposed Bond Projects NOTICE MUST BE GIVEN PURSUANT TO IOWA CODE CHAPTER 21 AND THE LOCAL RULES OF THE CITY. Resolution No. 2016-312 April 25, 2016 The City Council of the City of Waterloo, State of Iowa, met in open session, in the Council Chambers, City Hall, 715 Mulberry Street, Waterloo, Iowa, at 5:30 P.M., on the above date. There were present Mayor Quentin Hart, in the chair, and the following named Council Members: Jacobs, Morrissey, Jones, Lind, Amos, Schmitt, and Welper Absent: None. 1 Resolution No. 2016-312 Council Member Welper introduced the following Resolution entitled "RESOLUTION ELECTING CLASSIFICATIONS AND PROCEDURES FOR PROPOSED BOND PROJECTS", and moved that the same be adopted. Council Member Morrissey seconded the motion to adopt. The roll was called and the vote was, AYES: Seven. NAYS: None. Whereupon, the Mayor declared the resolution duly adopted as follows: RESOLUTION ELECTING CLASSIFICATIONS AND PROCEDURES FOR PROPOSED BOND PROJECTS WHEREAS, this Council proposes to authorize the issuance of general obligation bonds under Chapters 384 and 403 of the Code of Iowa for the purpose of providing funds to pay the costs of the fiscal year 2017 capital improvements projects; and WHEREAS, the projects consist of both essential corporate purposes and general corporate purposes, as those terms are defined in Section 384.24 of the Code of Iowa; and WHEREAS, Section 384.28 of the Code of Iowa provides generally that the definitions of essential corporate purposes and general corporate purposes are not mutually exclusive, and that if a project or activity may be reasonably construed to be included in more than one classification, the Council may elect at any time between the classifications and the procedures respectively applicable to each classification; and WHEREAS, the Chief Financial Officer has proposed that the projects to be funded with the proposed general obligation bonds be classified for purposes of the applicable hearing procedures as set forth in the summary attached hereto and made a part hereof. NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF WATERLOO, IOWA, that the classifications and procedures proposed in the summary attached hereto be and hereby are in all respects approved, and the City Council hereby elects the classifications and procedures indicated on said summary, as authorized by Section 384.28, for purposes of establishing the classifications and hearing procedures applicable to the proposed FY2017 project bonds. 2 Resolution No. 2016-312 PASSED AND APPROVED this 25th day of April, 2016. Dk-kfi/rt Quentin Hart, Mayor ATTEST: Suzy Se . res, City Clerk Resolution No. 2016-312 G.O. Bond List Hearing Summary Pro ect Project Costs (07) Engmeering - Replace 2004 Pickups (2), 2005 pickups (2). Replace 2008 Pickup 24,000 "OJ7 patrole 6 per year. 145,700 (11) PoIice Investigation c ace,'04 pickup truck, repluce and '07 e Rescue 'C. j7 Sign & Traffic - Replace 9 vchieles 150,000 6w'72 snow hiower, loaders, (22) Eluilding 1 nspections - Replace Inspector Pickups - '05, '07, '09 24,000 (37) Leisure - Replace multiple pickups, sedan, lift truck, chippers, pickup vi1Ii dump box 80,000 (99) Motor Poo - Replace based on equipment condition/mi luge 25,000 Roof Replacement Project 45,000 Public Works Fuel Distribution Site 125,000 City Facility New Cons uct on/Remode ing Fund 25,000 5 Sullivan Bros Convention C'ntr Improvements 600,000 S imming Pool Renovations 10,000 ADA Compliance 75,000 Lib ary In aprovements 5,000 Me Sta ion Irnprove 11 ents 10,000 Downtown Parking Garages 300,000 Center For The Arts 20,000 Ari CenterParking Lol 300,000 Public Market Facili Maint Program 15,000 i 'WIl f4 - Se . ,000 tEl 0 I rr GPS M pp g 5,000 Dem ion Projectsfllousing centives 500,000 ..-404,11.; ,000 S Com prehensive Flood Control proven1•n 477 000 I. t .4th IF ewu Maintenane' •• 20,000 St Bridge 'atT ._,,.. , ,yCanopy 'epairs & Painling 9G,-300 J3ridge Inspeetion ' I 4. - 310,000 US Hwy 63 South 1 Cr 11111500,000 Hearing 2 1 1 1 1 2 2 2 2 2 2 5 2 2 2 2 4 4 4 2 6 6 6 3 1 6 3 1 1 1 1 1 1 1 1 1 Resolution No. 2016-312 Bridge °Pa.rs - VariLocations l-lammond Ave Biidgc,lteplacenient fge' e"Trail-Replacemen 120,000 Youth Pavillion 34,800 Amphitheatre 20,000 Replace N4edic iEquipinenl ancl Uniforms Website Redevelopment 60,000 Golf Course Improvement Fund 60,000 Park lmprovemcnt Fund 50,000 ,.0 01) )1 ( ° arne R : verfront Stadium Improvements 25,000 Sports FacmiliatiinetseInmapnrovement Fund 70,000 Off Road ce Equipment Parks 100,000 Off Road Maintenance Equiprnen Golf 100.000 Chemical Storage Building 25,000 DT Area Maint. Infras ctu e p & Rep. 25,000 Mb "e' Park TennisCcnterA- AO to Leisure ervices lynes Weapon cP ntPro!_ji , ,1 -*8,000 113, I' rrnalion System1.00 T ii- ..•,, rneras ' -a 10,000 ice Training Centcr Upgrades Por • 5.000 Tasers 5,000 5,000 150,000 Body Thnicras Police Vehicle Impound Storage Bldg TralTic Si: cat im'rovernents LRD Rep acernenl Progra 30,000 20,000 p p iheroptics Phase flI - - 2,00i Osage ltd & Du.uque ltd Traffic Safety V Video ('e 9.2--ras , DO Upgrading,i/ ollers and CabUiets to Fiber Oplies:07 Traftic Safety ...roen 40,000 Early radio tower 50,000 $2,440000 .. Retunding 6,950,700 2,555,300 1 1 1 4 4 1 1 3 2 1 1 2 3 3 3 3 3 1 1 1 1 1 1 3 1 1 3 1 1 1 1 1 1 1 1 1 3 1 Resolution No. 2016-312 UR 859,000 Resolution No. 2016-312 STATE OF IOWA COUNTY OF BLACK HAWK CERTIFICATE ) SS 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 provisions of Chapter 21, 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 25th day of April, 2016. Suzy Scares, City Clerk, Waterloo, Iowa SEAL 01233477-1\11310-116