HomeMy WebLinkAbout1986-129-03.10.1986 Council Member Tony Budak introduced the
following Resolution entitled "RESOLUTION FIXING DATE FOR A
MEETING ON THE PROPOSITION OF THE ISSUANCE OF NOT TO EXCEED
$80,000 OF GENERAL OBLIGATION BONDS AND PROVIDING FOR
PUBLICATION OF NOTICE THEREOF" , and moved that the same be
adopted. Council Member Rose Angel seconded the
motion to adopt. The roll was called and the vote was ,
AYES : Mary Lichty Willie Mae Wright
Frank D. Dowie Rose Angel
Tony Budak
ABSENT: Jim Miller and Jack Seeber
NAYS:
Whereupon, the Mayor declared the resolution duly adopted
as follows: RESOLUTION NO. 1986-129
RESOLUTION FIXING DATE FOR A MEETING ON THE
PROPOSITION OF THE ISSUANCE OF NOT TO EXCEED
$80, 000 OF GENERAL OBLIGATION BONDS (FOR A
GENERAL CORPORATE PURPOSE) AND PROVIDING FOR
PUBLICATION OF NOTICE THEREOF
WHEREAS , the City of Waterloo, Iowa, is in need of funds to
carry out a general corporate purpose project as hereinafter
described; and, it is deemed necessary that it should issue
general obligation bonds to the amount of not to exceed $80,000
as authorized by Section 384. 26 of the City Code of Iowa, for
the purpose of providing funds to pay costs thereof; and
WHEREAS , said City has a population in excess of 75, 000 and
the amount of said bond issue is not more than $150, 000. 00; and
WHEREAS, before said bonds may be issued, it is necessary
to comply with the provisions of Chapter 384 of the City Code
of Iowa, and to publish a notice of the proposal to issue such
bonds and the right to petition for an election;
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY
OF WATERLOO, IOWA:
Section 1. That this Council meet in the Council Chambers,
City Hall, Waterloo, Iowa, at 7:00 o'clock P .M. , on the
24th day of March , 1986, for the purpose of taking
action on the matter of the issuance of not to exceed $80, 000
of General Obligation Bonds, the proceeds of which bonds will
be used to provide funds to pay costs of renovation to the East
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Ahlers,Cooney,Dorweiler,Haynie,Smith&Allbee,lawyers,Des Moines,Iowa
5th Street Parking Ramp and improvements to the municipal
stadium and shall bear interest at a rate not exceeding the
maximum specified in the attached notice.
Section 2. That the Clerk is hereby directed to cause at
least one publication to be made of a notice of said meeting in
a legal newspaper, printed wholly in the English language,
published at least once weekly, and having general circulation
in said City, said publication to be not less than ten clear
days before the date of said public meeting on the issuance of
said bonds.
Section 3. The notice of the proposed action to issue said
bonds shall be in substantially the following form:
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Ahlers,Cooney,Dorweiler,Haynie,Smith&AIlbee,Lawyers,Des Moines,Iowa
NOTICE OF MEETING OF THE COUNCIL OF THE
CITY OF WATERLOO, IOWA, ON THE MATTER OF
THE PROPOSED ISSUANCE OF NOT TO EXCEED
$80,000 PRINCIPAL AMOUNT OF GENERAL OBLIGATION
BONDS (FOR A GENERAL CORPORATE PURPOSE) , AND
HEARING ON ISSUANCE OF SAID BONDS
Public Notice is hereby given that the Council of the City
of Waterloo, Iowa, will hold a public hearing on the 24th
day of March , 1986, at 7: 00 o' clock P .M. , in the
Council Chambers, City Hall, Waterloo, Iowa, at which meeting
the Council proposes to take action for the issuance of not to
exceed $80, 000 of General Obligation Bonds , bearing interest at
the rate of not to exceed 12 per centum per annum, said bonds
to be issued for the purpose of providing funds to pay costs of
renovation to the East 5th Street Parking Ramp and improvements
to the municipal stadium.
This Notice is given by order of the Council of the City of
Waterloo, Iowa, as provided by Section 384. 26 of the City Code
of Iowa.
At any time before the date of said meeting, a petition,
asking that the question of issuing such bonds be submitted to
the legal voters of said City, may be filed with the Clerk of
said City in the manner provided by Section 362. 4 of the City
Code of Iowa, pursuant to the provisions of Section 384. 26 of
the City Code of Iowa.
Dated at Waterloo, Iowa, this 10th day of March
1986.
ity Cl of at loo, Iowa
Lar y ' . Burger
(End `• ' Notic
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Ahlers,Cooney,Dorweiler,Haynie,Smith&Allbee,Lawyers,Des Moines,Iowa
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PASSED AND APPROVED this 10th day of March
, 1986.
M yor Bernie cKinley
ATTEST: •
1111
rk rry P. B er
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Ahlers,Cooney,Dorweiler,Haynie,Smith&Allbee,lawyers,Des Moines,Iowa
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CIG-3
4-85
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 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 llth day of March , 1986.
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Ahlers,Cooney,Dorweiler,Haynie,Smith&Alibee,Lawyers,Des Moines,Iowa
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