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HomeMy WebLinkAbout2016-374-5/23/2016 i Prepared by Kelley Felchle, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323. RESOLUTION NO. 2016-374 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 reconstruction,renovation,remodeling, improvement and equipping of the 5 Sullivan Brothers Convention Center; 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 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 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: 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, at 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 reconstruction, renovation, remodeling, improvement and equipping of the 5 Sullivan Brothers Convention Center, 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. Resolution No. 2016-374 Page 2 PASSED AND ADOPTED this 23rd day of May, 2016. Quentin Hart, Mayor ATTEST: F r, Suzy Schar s, CMC City Clerk Resolution No. 2016-374 ITEMS TO INCLUDE ON AGENDA CITY OF WATERLOO, IOWA Not to exceed $700,000 General Obligation Bonds (GCP-5) • 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. 2016-374 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. 2016-374 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. 2016-374 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 reconstruction, renovation, remodeling, improvement and equipping of the 5 Sullivan Brothers Convention Center; 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. 2016-374 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, at 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 reconstruction, renovation, remodeling, improvement and equipping of the 5 Sullivan Brothers Convention Center, 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. 2016-374 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 23`d day of May, 2016. Suzy Sc ares, City Clerk, City of Waterloo, State of owa (SEAL) Resolution No. 2016-374 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-5) 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 Scares, City Clerk, City of Waterloo, State of owa (SEAL) 01241034-1111310-116