HomeMy WebLinkAbout2016-372-5/23/2016 Prepared by Kelley Felchle, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo,
IA 50703, (319) 291-4323.
RESOLUTION NO. 2016-372
RESOLUTION RATIFYING, CONFIRMING AND APPROVING
PUBLICATION OF NOTICE OF PUBLIC HEARING FOR THE
ISSUANCE OF NOT TO EXCEED $700,000 GENERAL OBLIGATION
BONDS.
WHEREAS,the City of Waterloo, State of Iowa, is in need of funds to carry out the
purpose of providing funds to pay the costs of Cultural and Art projects,including improvements
at the Amphitheater; Youth Pavilion; Center for the Arts, including the parking lot; and
reconstruction,renovation, remodeling, improvement, equipping and repairing of Downtown
Parking Garages; and
WHEREAS, it is deemed necessary and advisable that the City of Waterloo, State of
Iowa, should issue General Obligation Bonds,to the amount of not to exceed $700,000, as
authorized by Section 3 84.26, of the Code of Iowa, for the purpose of providing funds to pay
costs of carrying out general corporate purpose project(s); and
WHEREAS,the Issuer has a population of more than 5,000 but not more than 75,000,
and the Bonds for these purposes do not exceed$700,000; and
WHEREAS,before the Bonds may be issued, it is necessary to comply with the provisions of
Chapter 3 84 of the Code of Iowa, and to publish a notice of the proposal to issue such Bonds to
receive oral and/or written objections from any resident or property owner to such action, and the
right to petition for an election; and
WHEREAS, the notice of above meeting has been published as required by Section
3 84.26 of the Code of Iowa, as amended, and the following action is now considered to be in the
best interests of the City and its residents.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
WATERLOO, STATE OF IOWA:
Section 1. That the action of the Clerk setting a public hearing before the City Council to
meet in the Council Chambers, City Hall, 715 Mulberry Street, Waterloo, Iowa, 5:30 P.M. the
23rd day of May, 2016, for the purpose of taking action on the matter of the issuance of not to
exceed $700,000 General Obligation Bonds, for general corporate purpose project(s), the
proceeds of which will be used to provide funds to pay the costs of Cultural and Art projects,
including improvements at the Amphitheater; Youth Pavilion; Center for the Arts, including the
parking lot; and reconstruction,renovation, remodeling, improvement, equipping and repairing
of Downtown Parking Garages, is hereby ratified, confirmed and approved.
Section 2. That the Clerk has caused 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 the City, said publication to be not less than ten(10) nor more than
twenty(20) clear days before the date of the public meeting on the issuance of the Bonds.
Section 3. That the form of notice of public hearing is hereby ratified, confirmed and
approved.
i
Resolution No. 2016-372
Page 2
PASSED AND ADOPTED this 23rd day of May, 2016.
QtA�
Quentin Hart,�M -
AT-TEST:
ayor�—
f 'R
jSuzyScjhes, CMC
City Clerk
Resolution No. 2016-372
ITEMS TO INCLUDE ON AGENDA
CITY OF WATERLOO, IOWA
Not to exceed $700,000 General Obligation Bonds (GCP-4)
• Resolution Ratifying, Confirming and Approving Publication of Notice of Public
Hearing.
NOTICE MUST BE GIVEN PURSUANT TO IOWA CODE
CHAPTER 21 AND THE LOCAL RULES OF THE CITY.
Resolution No. 2016-372
May 23, 2016
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 M. Hart, in the chair, and the following named Council
Members:
Jacobs, Morrissey, Lind, Amos, Schmitt, and Welper
Absent: None.
Vacant: One.
Resolution No. 2016-372
Council Member Lind introduced the following Resolution entitled "RESOLUTION
RATIFYING, CONFIRMING AND APPROVING PUBLICATION OF NOTICE OF PUBLIC
HEARING FOR THE ISSUANCE OF NOT TO EXCEED $700,000 GENERAL OBLIGATION
BONDS", and moved that the same be adopted. Council Member Morrissey seconded the
motion to adopt. The roll was called and the vote was,
AYES: Six.
NAYS: None.
Whereupon, the Mayor declared the following Resolution duly adopted:
RESOLUTION NO. 2016-372 RATIFYING, CONFIRMING
AND APPROVING PUBLICATION OF NOTICE OF PUBLIC
HEARING FOR THE ISSUANCE OF NOT TO EXCEED
$700,000 GENERAL OBLIGATION BONDS
WHEREAS, the City of Waterloo, State of Iowa, is in need of funds to carry out the
purpose of providing funds to pay the costs of Cultural and Art projects, including improvements
at the Amphitheater; Youth Pavilion; Center for the Arts, including the parking lot; and
reconstruction, renovation, remodeling, improvement, equipping and repairing of Downtown
Parking Garages; and
WHEREAS, it is deemed necessary and advisable that the City of Waterloo, State of
Iowa, should issue General Obligation Bonds, to the amount of not to exceed $700,000, as
authorized by Section 384.26, of the Code of Iowa, for the purpose of providing funds to pay
costs of carrying out general corporate purpose project(s); and
WHEREAS, the Issuer has a population of more than 5,000 but not more than 75,000,
and the Bonds for these purposes do not exceed $700,000; and
WHEREAS, before the Bonds may be issued, it is necessary to comply with the
provisions of Chapter 384 of the Code of Iowa, and to publish a notice of the proposal to issue
such Bonds to receive oral and/or written objections from any resident or property owner to such
action, and the right to petition for an election; and
WHEREAS, the notice of above meeting has been published as required by Section
384.26 of the Code of Iowa, as amended, and the following action is now considered to be in the
best interests of the City and its residents.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF WATERLOO, STATE OF IOWA:
Resolution No. 2016-372
Section 1. That the action of the Clerk setting a public hearing before the City Council to
meet in the Council Chambers, City Hall, 715 Mulberry Street, Waterloo, Iowa, 5:30 P.M. the
23rd day of May, 2016, for the purpose of taking action on the matter of the issuance of not to
exceed $700,000 General Obligation Bonds, for general corporate purpose project(s), the
proceeds of which will be used to provide funds to pay the costs of Cultural and Art projects,
including improvements at the Amphitheater; Youth Pavilion; Center for the Arts, including the
parking lot; and reconstruction, renovation, remodeling, improvement, equipping and repairing
of Downtown Parking Garages, is hereby ratified, confirmed and approved.
Section 2. That the Clerk has caused 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 the City, said publication to be not less than ten (10) nor more than
twenty (20) clear days before the date of the public meeting on the issuance of the Bonds.
Section 3. That the form of notice of public hearing is hereby ratified, confirmed and
approved.
PASSED AND APPROVED this 23rd day of May, 2016.
Quentin M. Hart, Mayor
ATTEST:
Suzy Sch ; res, City Clerk
Resolution No. 2016-372
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 23rd day of May, 2016.
Suzy Schar s, City Clerk, City of Waterloo,
State of Io a
(SEAL)
Resolution No. 2016-372
CERTIFICATE
STATE OF IOWA
) SS
COUNTY OF BLACK HAWK
I, the undersigned, do hereby certify that I am now and was at the times hereinafter
mentioned, the duly qualified and acting Clerk of the City of Waterloo, in the County of Black
Hawk, State of Iowa, and that as such Clerk and by full authority from the Council of the City, I
have caused a
NOTICE OF PUBLIC HEARING
Not To Exceed $700,000 General Obligation Bonds — (GCP-4)
of which the clipping annexed to the publisher's affidavit hereto attached is in words and figures
a correct and complete copy, to be published as required by law in the "Waterloo Courier", a
legal newspaper published at least once weekly, printed wholly in the English language,
published regularly and mailed through the post office of current entry for more than two years
and which has had for more than two years a bona fide paid circulation recognized by the postal
laws of the United States, and has a general circulation in the City, and that the Notice was
published in all of the issues thereof published and circulated on the following date:
May 11,2016.
WITNESS my official signature this 23`d day of May, 2016.
Suzy Sches, City Clerk, City of Waterloo,
State of Iowa
(SEAL)
01241032-1111310-116