HomeMy WebLinkAbout1986-013-01.13.1986 Waterloo, Iowa
January 13, 1986
The City Council of the City of Waterloo met in regular session at
7:00 o'clock P.M. at the Council Chambers in the City Hall in said City. The
meeting was called to order and there were present Bernie McKinley, Mayor, in
the chair, and the following named Councilmembers:
Angel, Budak, Dowie, Miller, Seeber and Wright
Absent: Lichty
The City Council investigated and found that notice of intention to
issue $350,000.00 Industrial Revenue Bonds , Series 1986 (Waterloo Chamber of
Commerce Project) of said City had been duly given by publication on
December 27 , 1985, in the Waterloo Courier, a legal newspaper
published and having a general circulation within said City. This being the
time and place specified in said notice for the conduct of a public hearing
on the proposal to issue said bonds, the Mayor announced that any local
resident attending the hearing would now be given an opportunity to express
his or her views for or against the proposal to issue the bonds. After all
local residents who appeared at the hearing, who desired to do so, had
expressed their views for or against the proposal to issue the bonds, the
public hearing was declared closed and Councilmember Wright
introduced and caused to read Resolution No. 1986-13 entitled,
RESOLUTION determining to proceed with the issuance of not
to exceed $350,000.00 Industrial Revenue Bonds, Series 1986
(Waterloo Chamber of Commerce Project) of the City of
Waterloo, Iowa.
and moved its adoption, seconded by Councilmember Budak . After
due consideration of said resolution by the Council , the Mayor put the ques-
tion on the motion and upon the roll being called the following named Council-
members voted:
Aye: Angel, Budak, Dowie, Miller, Seeber and Wright
Absent: Lichty
Nay: None
Whereupon, the Mayor declared said resolution duly adopted and signed
his approval thereto.
* * * * * * * *
Upon motion and vote, the meeting adjourned.
Mayor , Bernar L. K• ley
Attest:
City erk , y . Burger
RESOLUTION NO. 1986-13
RESOLUTION DETERMINING TO PROCEED WITH THE
ISSUANCE OF NOT TO EXCEED $350,000.00
INDUSTRIAL REVENUE BONDS, SERIES 1986
(WATERLOO CHAMBER OF COMMERCE PROJECT)
OF THE CITY OF WATERLOO, IOWA.
* * * * * * * *
WHEREAS, the City of Waterloo, in the County of Black Hawk, State of
Iowa, (the "City") , proposes to issue Industrial Revenue Bonds, Series 1986
(Waterloo Chamber of Commerce Project) , of said City in a principal amount not
to exceed $350,000.00 (the "Series 1986 Bond") for the purpose of lending the
proceeds thereof to Waterloo Chamber of Commerce (the "Corporation") to defray
the cost, to that amount, of acquiring, improving and equipping certain real
estate, buildings and improvements (the "Project") by the Corporation suitable
for use of a commercial enterprise; ie, the offices of the Waterloo Chamber of
Commerce of located in a qualified urban renewal area, located within the
City, all in accordance with the provision of Chapter 419 of the Code of Iowa,
1985, 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 necessary and advisable to proceed with the Pro-
ject, the issuance of the Bonds, and the loan of the proceeds of the Series
1986 Bonds to the Corporation;
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 1986 Bonds.
Section 2. That this City Council deems it necessary and advisable,
and hereby determines, to proceed with the Project, the issuance of the Series
1986 Bonds, and the loan of the proceeds of the Series 1986 Bonds to the
Corporation, all upon terms and conditions mutually satisfactory to the City
and the Corporation.
Section 3 . That this Resolution shall become effective immediately
upon its passage and approval .
Passed and approved January 13, 1986.
CITY OF WATERLOO
d-13.-k.,--vi/N-A-et2,,Z f
Mayor'', Bernard L.,IcKinley
Attest:
Cit er , Larr Burger
STATE OF IOWA )
) ss.
COUNTY OF BLACK HAWK )
I , Larry P. Burger , 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 carefully compared the
transcript hereto attached with the aforesaid corporate records and that said
transcript hereto attached is a true, correct and complete copy of all the
corporate records in relation to the adoption of Resolution No. 1986-13
entitled:
RESOLUTION determining to proceed with the issuance of not
to exceed $350,000.00 Industrial Revenue Bonds , Series 1986
(Waterloo Chamber of Commerce Project) of the City of
Waterloo, Iowa.
WITNESS my hand and the corporate seal of said City hereto affixed at
Waterloo, Iowa, this 15th day of January, 1986.
(SEAL) Ci y C er Larry P. ger
Subscribed and sworn to before me this day, the date las above
written.
Notary P is i an or t e tate of Iowa
My commission expires: /C
(Notarial Seal )
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