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HomeMy WebLinkAbout2013-979-11/25/2013.k (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: November 25, 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 $3,500,000 General Obligation Urban Renewal Bonds. • Resolution fixing date for a meeting on the proposition to issue. Such additional matters as are set forth on the additional 10 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. ;uzy Sch res, City Clerk November 25, 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 -1- Council Member Greenwood introduced the following Resolution entitled "RESOLUTION FIXING DATE FOR A MEETING ON THE PROPOSITION OF THE ISSUANCE OF NOT TO EXCEED $3,500,000 GENERAL OBLIGATION URBAN RENEWAL BONDS (FOR ESSENTIAL CORPORATE URBAN RENEWAL PURPOSES) OF THE CITY OF WATERLOO, STATE OF IOWA, AND PROVIDING FOR PUBLICATION OF NOTICE THEREOF", and moved that the same be adopted. Council Member Schmitt seconded the motion to adopt. The roll was called and the vote was, AYES: Cole, Getty, Jones, Greenwood, Schmitt, Welper, Hart NAYS: None Whereupon, the Mayor declared the resolution duly adopted as follows: RESOLUTION NO. 2013-979 RESOLUTION FIXING DATE FOR A MEETING ON THE PROPOSITION OF THE ISSUANCE OF NOT TO EXCEED $3,500,000 GENERAL OBLIGATION URBAN RENEWAL BONDS (FOR ESSENTIAL CORPORATE URBAN RENEWAL PURPOSES) OF THE CITY OF WATERLOO, STATE OF IOWA, AND PROVIDING FOR PUBLICATION OF NOTICE THEREOF WHEREAS, by Ordinance No. 2723, adopted on December 23, 1974, this Council found and determined that certain areas located within the City are eligible and should be designated as an urban renewal area containing blight conditions under Iowa law, and approved and adopted the Downtown Waterloo Riverfront Urban Renewal and Redevelopment Plan of the City of Waterloo, Iowa (the "Plan") for the Urban Renewal Area described as follows: Beginning at a point at the intersection of Franklin and East Seventh Streets, thence Southwesterly along Seventh Street to the alley between Jefferson and Bluff Streets, thence Northwesterly along said alley to West Third Street, thence Northeasterly along West Third Street to Franklin Street, thence Southeasterly on Franklin Street to the point of beginning, all in the City of Waterloo, Black Hawk County, Iowa -2- WHEREAS, by Resolution No. 1996-804, dated December 16, 1996, this Council adopted Amendment No. 1 to the Plan, the purpose of which is to set forth and include within the Plan additional land, described as follows: Bounded by Southbound Washington Street, West 12th Street, Cedar River, 11 th Street, Sycamore Street, East 7th Street, Franklin Street, East 3rd Street, Sycamore Street, Fairview Avenue, Conger Street, River Road, Black Hawk Creek to Southbound Washington Street WHEREAS, by Resolution No. 2001-394, dated August 6, 2001, this Council adopted Amendment No. 2 to the Plan, the purpose of which was to set forth and included within the Plan additional land, described as follows: Bounded by Southbound Washington Street, West 12th Street, Cedar River, 11th Street, Sycamore Street, East 7th Street, Franklin Street, East 3rd Street, Sycamore Street, Fairview Avenue, Conger Street, River Road, Black Hawk Creek to Southbound Washington Street and incorporates a number of potential incentives including a property tax rebate program and other incentives; and WHEREAS, by Resolution No. 2003-225, dated April 7, 2003, this Council approved Amendment No. 3 to the Plan, the purpose of which was to set forth and included within the Plan additional land, described as follows: Bounded by Southbound Washington Street, West 4th Street, South Street, West 2nd Street to Southbound Washington Street and affirmed the prior blight findings, included the need for industrial and commercial expansion as an economic development area under the Iowa Code, and incorporated new urban renewal projects, including the Cedar River Dam project and the Grout Museum Project; and WHEREAS, by Resolution No. 2011-1109, dated December 5, 2011, this Council approved Amendment No. 4 to the Plan, the purpose of which is to set forth and include within the Plan additional land, described as follows: -3- Beginning at the point where the centerline of West Conger Street intersects the centerline of relocated Ansborough Avenue (said point also being the intersection with the centerlines of River Road and Westfield Avenue), thence Westerly along the centerline of relocated Ansborough Avenue to its intersection with the West line of Courier Street, thence South along the West lien of Courier Street, and an extension thereof, to the centerline of the Canadian National/Illinois Central Railroad spur line, thence Southwesterly along the centerline of said Railroad to the centerline of West Washington Street (also known as U.S. Highway 218), thence Southeasterly along the centerline of West Washington Street to the centerline of Vaughn Street, then Northeasterly along the centerline of Vaughn Street to the centerline of Westfield Avenue, thence Southeasterly along the centerline of Westfield Avenue to its intersection with the East bank of Black Hawk Creek, thence Northerly along the Easterly bank of Black Hawk Creek to the centerline of River Road, thence Northwesterly and Westerly along the centerline of River Road to the point of beginning and affirmed the prior blight and economic development findings, and expanded urban renewal projects enumerated therein, including the Cedar Valley Tech Works Campus and public infrastructure projects; and WHEREAS, the City of Waterloo, State of Iowa, is in need of funds to carry out a project as hereinafter described; and, it is deemed necessary that the City should issue General Obligation Urban Renewal Bonds, to the amount of not to exceed $3,500,000, as authorized by Sections 384.24(3)(q), 384.25 and 403.12, of the Code of Iowa, for the purpose of providing funds to pay costs thereof; and WHEREAS, before bonds may be issued, it is necessary to comply with the procedural requirements of Chapters 384 and 403 of the City Code of Iowa, and to publish a notice of the proposal to issue such bonds and the right to petition for an election. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WATERLOO, STATE OF IOWA: Section 1. That this Council meet in the Council Chambers, City Hall, 715 Mulberry Street, Waterloo, Iowa, at 5:30 o'clock P.M., on the 16ffi day of December, 2013, for the purpose of taking action on the matter of the issuance of not to exceed $3,500,000 General Obligation Urban Renewal Bonds, the proceeds of which bonds will be used to provide funds to pay costs of aiding in the planning, undertaking and carrying out of urban renewal projects under the authority of Chapter 403 and the Downtown Urban Renewal and Redevelopment Plan, as amended, including funding a grant pursuant to the Amended and Restated Development Agreement between the City and Cedar Valley Tech Works, Inc. and FDP WTC, LLC. Section 2. To the extent any of the projects or activities described in this resolution may be reasonably construed to be included in more than one classification under Division III of Chapter 384 of the Code of Iowa, the Council hereby elects the "essential corporate purpose" classification and procedure with respect to each such project or activity, pursuant to Section 384.28 of the Code of Iowa. Section 3. That the Clerk is hereby directed to cause at least one publication to be made of a notice of meeting, in a legal newspaper, printed wholly in the English language, published at least once weekly, and having general circulation in the City. The publication to be not less than ten nor more than twenty days before the date of public meeting on the issuance of the bonds. Section 4. The notice of the proposed action to issue bonds shall be in substantially the following form: -5- 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 $3,500,000 GENERAL OBLIGATION URBAN RENEWAL BONDS, OF THE CITY, AND THE HEARING ON THE ISSUANCE THEREOF PUBLIC NOTICE is hereby given that the City Council of the City of Waterloo, State of Iowa, will hold a public hearing on the 16th day of December, 2013, at 5:30 o'clock P.M., in the Council Chambers, City Hall, 715 Mulberry Street, Waterloo, Iowa, at which meeting the Council proposes to take additional action for the issuance of not to exceed $3,500,000 General Obligation Urban Renewal Bonds, of the City, in order to provide funds to pay costs of aiding in the planning, undertaking and carrying out of urban renewal projects under the authority of Chapter 403 and the Downtown Urban Renewal and Redevelopment Plan, as amended, including funding a grant pursuant to the Amended and Restated Development Agreement between the City and Cedar Valley Tech Works, Inc. and FDP WTC, LLC. 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 Section 362.4 of the City Code of Iowa. Also, 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 or petitions asking that the proposition be submitted to an election have been received and considered, the Council will at this meeting or at any adjournment thereof, take additional action for the issuance of bonds or will take such other action as it may deem appropriate. This Notice is given by order of the Council of the City of Waterloo, State of Iowa, as provided by Chapters 384 and 403 of the Code of Iowa. Dated this 25th day of November, 2013. Suzy Schar , City Clerk (End of Notice) PASSED AND APPROVED this 25h day of November, 2013. ATTEST: Suzy Schar rty Clerk -7- 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 the City hereto affixed this 25th day of November, 2013. Suzy Scha es, ity Clerk (SEAL)