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HomeMy WebLinkAbout2024-554-09.16.2024-Waterloo 2022B Bonds (parking equipment) (02394563x7F7E1)ITEMS TO INCLUDE ON AGENDA CITY OF WATERLOO, IOWA • Public hearing on the proposed reallocation of Unspent Proceeds. • Resolution instituting proceedings to take additional action. NOTICE MUST BE GIVEN PURSUANT TO IOWA CODE CHAPTER 21 AND THE LOCAL RULES OF THE CITY. September 16, 2024 The City Council of the City of Waterloo, State of Iowa, met in regular 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: Dave Boesen, Rob Nichols, Belinda Creighton -Smith, John Chiles, Steve Simmons, Nia Wilder and Ray Feuss Absent: None Vacant: None The Mayor announced that this was the time and place for the public hearing and meeting on the matter of the proposed reallocation of not to exceed $142,000 of unspent proceeds of the General Obligation Bonds, Series 2022B, in order to provide funds to pay costs of the acquisition, construction, improvement and equipping of parking facilities systems, including parking meters and other fixtures, equipment, accessories, appurtenances and requisites useful for the successful operation of a parking facilities system (the "Project"), and that notice of the proposed action by the Council to institute proceedings for the proposed reallocation had been published pursuant to the provisions of Sections 364.6 and 384.25 of the Code of Iowa. The Mayor then asked the Clerk whether any written objections had been filed by any City resident or property owner to the proposed reallocation. The Clerk advised the Mayor and the Council that no written objections had been filed. The Mayor then called for oral objections to the proposed reallocation and none were made. Whereupon, the Mayor declared the time for receiving oral and written objections to be closed. The Council then considered the proposed action and the extent of objections thereto. Council Member Chiles introduced the following Resolution entitled "RESOLUTION INSTITUTING PROCEEDINGS TO TAKE ADDITIONAL ACTION AND APPROVING THE REALLOCATION OF CERTAIN UNSPENT PROCEEDS OF THE GENERAL OBLIGATION BONDS, SERIES 2022B, OF THE CITY OF WATERLOO, IOWA", and moved that the same be adopted. Council Member Wilder seconded the motion to adopt. The roll was called and the vote was, AYES: Boesen, Nichols, Creighton -Smith, Chiles, Simmons, Wilder and Feuss NAYS: None Whereupon, the Mayor declared the Resolution duly adopted as follows: RESOLUTION NO. 2024-554 RESOLUTION INSTITUTING PROCEEDINGS TO TAKE ADDITIONAL ACTION AND APPROVING THE REALLOCATION OF CERTAIN UNSPENT PROCEEDS OF THE GENERAL OBLIGATION BONDS, SERIES 2022B, OF THE CITY OF WATERLOO, IOWA WHEREAS, pursuant to notice published as required by law, this Council has held a public meeting and hearing upon the proposal to institute proceedings for the reallocation of certain unspent proceeds in the amount of not to exceed $142,000 of General Obligation Bonds, Series 2022B (the "Unspent Proceeds"), of the City of Waterloo, Iowa, to provide funds to pay costs of the Project, and has considered the extent of objections received from residents or property owners as to said proposal and, accordingly the following action is now considered to be in the best interests of the City and residents thereof: NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WATERLOO, IOWA: Section 1. That this Council does hereby institute proceedings and takes additional action for the reallocation of the Unspent Proceeds to pay costs of the acquisition, construction, improvement and equipping of parking facilities systems, including parking meters and other fixtures, equipment, accessories, appurtenances and requisites useful for the successful operation of a parking facilities system, and such action is in all respects authorized and approved. Section 2. The City Clerk is authorized and directed to take such action as may be necessary to effect and implement the foregoing reallocation of the Unspent Proceeds as described herein, and to cause the records and accounts of the City to reflect the same. PASSED AND APPROVED this 16th day of September, 2024. 62aercn 9r6 Quentin Hart, Mayor ATTEST: Kelley Felchle sao Kelley Felchle, City Clerk CERTIFICATE STATE OF IOWA ) SS COUNTY OF BLACK HAWK I, the undersigned City Clerk of the City of Waterloo, State of Iowa, do hereby certify that attached is a true and complete copy of the portion of the records of the City showing proceedings of the Council, and the same is a true and complete copy of the action taken by the Council with respect to the 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 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 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 the 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 the Council hereto affixed this 16th day of September, 2024. Kelley Felchle (SEAL) WA uT • • 0 02394563\11310-000 Kelley Felchle, City Clerk, City' ffWaterloo, State of Iowa