HomeMy WebLinkAbout2013-433-05/28/2013(This Notice to be posted)
NOTICE AND CALL OF PUBLIC MEETING
Governmental Body: The City Council of the City of Waterloo, State of Iowa.
Date of Meeting: May 28, 2013.
Time of Meeting: 5:30 o'clock P.M.
Place of Meeting: Council Chambers, City Hall, 715 Mulberry Street, Waterloo,
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 the
meeting is as follows:
Not To Exceed $600,000 General Obligation Bonds (GCP)
Public hearing on the issuance.
Resolution instituting proceedings to take additional action.
Such additional matters as are set forth on the additional 5 page(s) attached hereto.
This notice is given at the direction of the Mayor pursuant to Chapter 21, Code of
Iowa, and the local rules of the governmental body.
Suzy Scharesl City Clerk
May 28, 2013
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 o'clock
P.M., on the above date. There were present Mayor Ernest G. Clark, in the chair, and the
following named Council Members:
Cole, Getty, Jones, Greenwood, Schmitt, Welper, Hart
Absent: none
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The Mayor announced that this was the time for meeting on the matter of the
issuance of not to exceed $600,000 of General Obligation Bonds, in order to provide
funds to pay costs of reconstruction, renovation and improvements to City golf courses,
Riverfront Stadium, Sports Facility Improvement Fund, the Boating Center, Young
Arena; Katoski Greenbelt improvements; and Maintenance Shop improvements including
a wash pit; development and equipping a site for City use of natural gas as fuel for City
vehicles; and Sports Plex Parking Lot and improvement fund; 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 City 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 City 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.
Whereupon, the Mayor declared the hearing on the issuance of the bonds to be
closed.
Whereupon, Council Member Hart introduced and delivered to the Clerk the
Resolution hereinafter set out entitled "RESOLUTION INSTITUTING PROCEEDINGS
TO TAKE ADDITIONAL ACTION FOR THE AUTHORIZATION AND ISSUANCE
OF NOT TO EXCEED $600,000 GENERAL OBLIGATION BONDS", and moved:
was,
X 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
o'clock M. on the day of ,
2013, at this place.
Council Member Welper seconded the motion. The roll was called and the vote
AYES: Cole, Getty, Jones, Greenwood, Schmitt, Welper, Hart
NAYS: none
Whereupon, the Mayor declared the measure duly adopted.
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RESOLUTION NO. 2013-433
RESOLUTION INSTITUTING PROCEEDINGS TO TAKE
ADDITIONAL ACTION FOR THE AUTHORIZATION
AND ISSUANCE OF NOT TO EXCEED $600,000
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 $600,000 General Obligation Bonds, for general corporate
purposes, in order to provide funds to pay costs of reconstruction, renovation and
improvements to City golf courses, Riverfront Stadium, Sports Facility Improvement
Fund, the Boating Center, Young Arena; Katoski Greenbelt improvements; and
Maintenance Shop improvements including a wash pit; development and equipping a site
for City use of natural gas as fuel for City vehicles; and Sports Plex Parking Lot and
improvement fund, 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
$600,000 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.
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PASSED AND APPROVED this 28th day of May, 2013.
Ernest G. Clark, Mayor
ATTEST:
r
Suzy Schares, City Clerk
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 corporate records of
the City showing proceedings of the City 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 (a copy of the face sheet of the 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 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 said Municipality hereto affixed this 28"' day
of May, 2013.
Suzy Schare City Clerk
(SEAL)
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