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Home My WebLink About2026-125-03.16.2026_GCP-4_Hearing_Proceedings_2026_GO_BONDS.docxDocusign Envelope ID: C54ADD03-9D18-4851-B95E-DD707E4C886E ITEMS TO INCLUDE ON AGENDA FOR THE COUNCIL MEETING ON MARCH 16, 2026 CITY OF WATERLOO, IOWA Not to Exceed $969,149 General Obligation Bonds (GCP-4) • Public hearing on the issuance. • Resolution instituting proceedings to take additional action. NOTICE MUST BE GIVEN PURSUANT TO IOWA CODE CHAPTER 21 AND THE LOCAL RULES OF THE CITY. Docusign Envelope ID: C54ADD03-9D18-4851-B95E-DD707E4C886E March 16, 2026 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 Dave Boesen, in the chair, and the following named Council Members: Steve Schmitt, Dave Morrow, Belinda Creighton -Smith, Deb Berry, Hector Salamanca, Kelly Martin and Steve Simon Absent: None Vacant: None l Docusign Envelope ID: C54ADD03-9D18-4851-B95E-DD707E4C886E The Mayor announced that this was the time and place for the public hearing and meeting on the matter of the issuance of not to exceed $969,149 General Obligation Bonds, in order to provide funds to pay the costs of the construction, reconstruction, enlargement, improvement and equipping of recreational buildings, recreational grounds, golf courses, parks and public buildings, including for Young Arena, for general corporate purposes, and that notice of the proposal to issue the Bonds and the right to petition for an election had been published as provided by Section 384.26 of the Code of Iowa, and the Mayor then asked the City Clerk whether any petition had been filed in the Clerk's Office, in the manner provided by Section 362.4 of the Code of Iowa, and the Clerk reported that no such petition had been filed, requesting that the question of issuing the Bonds be submitted to the qualified electors of the City. The Mayor then asked the Clerk whether any written objections had been filed by any resident or property owner of the City to the issuance of the Bonds. The Clerk advised the Mayor and the Council that no written objections had been filed. The Mayor then called for oral objections to the issuance of the Bonds and none were made. Whereupon, the Mayor declared the time for receiving oral and written objections to be closed. (Attach here a summary of objections received or made, if any) Whereupon, the Mayor declared the hearing on the issuance of the Bonds to be closed. The Council then considered the proposed action and the extent of objections thereto. Whereupon, Council Member Martin introduced and delivered to the Clerk the Resolution hereinafter set out entitled "RESOLUTION INSTITUTING PROCEEDINGS TO TAKE ADDITIONAL ACTION FOR THE ISSUANCE OF NOT TO EXCEED $969,149 GENERAL OBLIGATION BONDS", and moved: was, Is EI that the Resolution be adopted. to ADJOURN and defer action on the Resolution and the proposal to institute proceedings for the issuance of bonds to the meeting to be held at .M. on the day of , 2026, at this place. Council Member Creighton -Smith seconded the motion. The roll was called and the vote AYES: Steve Schmitt, Dave Morrow, Belinda Creighton -Smith, Deb Berry, Hector Salamanca, Kelly Martin and Steve Simon NAYS: None Whereupon, the Mayor declared the measure duly adopted. 2 Docusign Envelope ID: C54ADD03-9D18-4851-B95E-DD707E4C886E RESOLUTION NO. 2026-125 RESOLUTION INSTITUTING PROCEEDINGS TO TAKE ADDITIONAL ACTION FOR THE ISSUANCE OF NOT TO EXCEED $969,149 GENERAL OBLIGATION BONDS WHEREAS, pursuant to notice published as required by law, the City Council has held a public meeting and hearing upon the proposal to institute proceedings for the issuance of not to exceed $969,149 General Obligation Bonds, for the general corporate purposes, in order to provide funds to pay the costs of the construction, reconstruction, enlargement, improvement and equipping of recreational buildings, recreational grounds, golf courses, parks and public buildings, including for Young Arena, and has considered the extent of objections received from residents or property owners as to the proposed issuance of Bonds; and no petition was filed calling for a referendum thereon. The following action is now considered to be in the best interests of the City and residents thereof. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WATERLOO, STATE OF IOWA: Section 1. That this Council does hereby institute proceedings and take additional action for the authorization and issuance in the manner required by law of not to exceed $969,149 General Obligation Bonds, for the foregoing general corporate purposes. Section 2. This Resolution shall serve as a declaration of official intent under Treasury Regulation 1.150-2 and shall be maintained on file as a public record of such intent. It is reasonably expected that the general fund moneys may be advanced from time to time for capital expenditures which are to be paid from the proceeds of the above Bonds. The amounts so advanced shall be reimbursed from the proceeds of the Bonds not later than eighteen months after the initial payment of the capital expenditures or eighteen months after the property is placed in service. Such advancements shall not exceed the amount authorized in this Resolution unless the same are for preliminary expenditures or unless another declaration of intention is adopted. PASSED AND APPROVED this 16th day of March, 2026. ATTEST: Signed by: f Kelley telchle ALity Clerk Signed by: 0001/ L 66t AA. '-s9sE8s9iBJD3421... Dave Boesen, Mayor 3 Docusign Envelope ID: C54ADD03-9D18-4851-B95E-DD707E4C886E 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 16th day of March, 2026. ,-Signed by: (SEAL) F W A ?Aft L� � 4 r Q V - 7 i"�� • lldill Ll i'1li1: E1: !':L • o 4914-3593-0002-1\11310-181 Kdhy. FLed& F G4A ., Kel ey Felc�i�e, City Clerk, City of Waterloo, State of Iowa THE COURIER AFFIDAVIT OF PUBLICATION Waterloo -Cedar Falls Courier 6915 Chancellor Drive Cedar Falls 50613 (319) 291-1400 State of Florida, County of Orange, ss: Edmar Corachia, being first duly sworn, deposes and says: That (s)he is a duly authorized signatory of Column Software, PBC, duly authorized agent of Waterloo -Cedar Falls Courier, a publication that is a "legal newspaper" as that phrase is defined for the city of Cedar Falls, for the County of Black Hawk, in the state of Iowa, that this affidavit is Page 1 of 1 with the full text of the sworn -to notice set forth on the pages that follow, and that the attachment hereto contains the correct copy of what was published in said legal newspaper in consecutive issues on the following dates: PUBLICATION DATES: Mar. 3, 2026 NOTICE ID: TG7fmjgQns8temlyXpAB PUBLISHER ID: COL-IA-603538 NOTICE NAME: GCP-4 Notice of Hearing 2026 GOBonds (PH 3.16 Publication Fee: $39.06 Fdrnmr f orAchiA (Signed) VERIFICATION State of Florida County of Orange \\\\\��11YIIlIII/�� Z �:� c % Notary Public - State of Florida NI. 111111 a -71:;47/71117:lkk: JESSICA GORDON-THOMPSON Commission # HH301656 Expires on August 17, 2026 Subscribed in my presence and sworn to before me on this: 03/03/2 Notary Public Notarized remotely online using communication technology via Proof. 026 NOTICE OF MEETING OF THE CITY COUNCIL OF THE CITY OF WATERLOO: STATE OF IOWA, ON THE MATTER OF THE PROPOSED ISSUANCE OF NOT TO EXCEED $969,149 GENERAL OBLIGATION BONDS OFTHE CITY (FOR GENER- AL CORPORATE PURPOSES), AND THE HEARING ON THE ISSUANCE THEREOF PUBLIC NOTICE is hereby given that the City Council of the City of Water- loo, State of Iowa, will hold a public hearing on the 16 th day of March. 2026, at 5:30 P.M., in the Council Chambers. City Hall, 715 Mulber- ry Street, Waterloo, Iowa, at which meeting the Council proposes to take additional action for the issuance of not to exceed $969,149 General Ob- ligation Bonds, for general corporate purposes, bearing interest at a rate of not to exceed nine (9) per oentum per annum, the Bonds to be issued to provide funds to pay the costs of the construction, reconstruction, enlarge- ment; improvement and equipping of recreational buildings, recreational grounds, golf courses. parks and public buildings, including for Young Arena. At any time before the date of the meeting, a petition: asking that the question of Issuing such Bonds be submitted to the legal voters of the City, may be filed with the Clerk of the City in the manner provided by Sec- tion 362.4 of the Code of Iowa, pursu- ant lathe provisions of Section 384.26 of the Code of Iowa. At the above meeting the Council shall receive oral or written objections from any resident or property owner of the City to the above action. After all objections have been received and considered, the Council will at the meeting or at any adjournment there- of, take additional action for the issu- ance of the Bonds or will abandon the proposal to Issue said Bonds. This notice is given by order of the City Council o1 the City of Waterloo. State of Iowa; as provided by Section 384.26 of the Code of lowa. Dated thls 2nd day of March 2026. Kelley Felchle, City Clerk, City of Wa- terloo State o1 Iowa COL-IA-60353E GCP-4 Notice of Hearing 2026 GOBonds (PH 3.16 - Page 1 of 1