HomeMy WebLinkAbout1986-328-06.05.1986 COMPLETE AND R TURN TO
MR. HAYNIE
1 (This Notice to be posted )
I
I NOTICE AND CALL OF PUBLIC MEETING
f
-Governmental Body: The City Council of Waterloo, Iowa .
Date of Meeting: June 5, 1986
Time of Meeting: 11:00 A.M.
Place of Meeting: Council Chambers , City Hall , Dubuque , Iowa.
PUBLIC NOTICE IS HEREBY GIVEN that the above mentioned
governmental body will meet at the date , time and place above
set out. The tentative agenda for said meeting is as
follows :
$5, 900, 000 General Obligation Bonds
- Resolution to approve the action of the City
Clerk/Auditor in the sale of said bonds.
Such additional matters as are set forth on the addi-
tional pages( s) attached hereto.
( number)
This notice is given at the direction of the Mayor
pursuant to Chapter 21, Code of Iowa , and the local rules of
said governmental body.
J /2
Ci y C k/Audi , erloo,
owa
Larry . Burger
Ahlers,Cooney,Dorweiler,Haynie,Smith&Allbee,lawyers,Des Moines.Iowa
r
June 5 , 1986
The City Council of Waterloo, Iowa , met in Special
session , in the Council Chambers, City Hall , Waterloo, Iowa , at
11:00 o' clock A.M. , on the above date. There were present
Mayor Bernard L. McKinley , in the chair , and the following
named Council Members:
Budak, Dowie, Lichty, Miller, Seeber
Absent: Angel, Wright
* * * * * * *
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Ahlers.Cooney,Dorweiler.Haynie.Smith&Allbee,lawyers.Des Manes,Iowa
Jack Seeber introduced the following
Resolution entitled "RESOLUTION TO APPROVE THE ACTION OF THE
CITY CLERK/AUDITOR IN THE SALE OF $5,900, 000 GENERAL OBLIGATION
BONDS," and moved its adoption. Frank Dowie
seconded the motion to adopt . The roll was called and the
vote was,
AYES: Budak, Dowie, Lichty, Miller, Seeber
ABSENT: Angel, Wright
NAYS: None
Whereupon, the Mayor declared the following Resolution
duly adopted : Resolution No. 1986-328
RESOLUTION TO APPROVE THE ACTION OF
THE CITY CLERK/AUDITOR IN THE SALE
OF $5, 900,000 GENERAL OBLIGATION BONDS
WHEREAS, pursuant to notice as required by law, bids have
been received at public sale for the bonds described as
follows and the best bid received was determined by the City
Clerk/Auditor and said bonds were awarded as follows :
$5, 900, 000 GENERAL OBLIGATION BONDS:
Bidder : Northern Trust Company of Chicago
the terms of said bid being :
Total Tnterest• 6,100,466.67
Net Interest Cost: $6,159,466.67
Net Interest Rate: 8.20806%
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF WATERLOO, IOWA:
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Ahlers,Cooney,Dorweiler,Haynie,Smith&Allbee,lawyers,Des Manes,Iowa
Section 1. That the bid for the bonds as above set out
was determined by the City Clerk/Auditor to be the best and
most favorable bid received and , said action by said City
Clerk/Auditor is hereby ratified and confirmed.
Section 2. That the statement of information for bond
bidders and the form of contract for the sale of said bonds
are hereby approved and the Mayor and Clerk are authorized to
execute the same on behalf of the City.
Section 3. That the notices of the sale of the bonds
heretofore given and all acts of the Clerk done in furtherance
of the sale of said bonds are hereby ratified and approved .
PASSED AND APPROVED, this 5th day of June
1986.
77
(3e.,1,-v-1,1-c_6 ' 747/(42,
Mayor
Bernard L. McKinley
ATTEST:
1 k
La y P urger
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Ahlers,Cooney,Dorweiler,Haynie,Smith&Allbee,Lawyers,Des Manes,Iowa
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
Lwerity-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 6th day of June , 1986.
L__
it Cler , Waterl , Iowa
P. ger
SEAL
Ahlers,Cooney,Dorwellet Haynie,Smith&Allbee.lawyers,Des Manes. Iowa
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