HomeMy WebLinkAbout2022-04-18 G05 Bond_GO Urban Renewal ECP UR-5_PHAGENDA ITEM:
CITY OF WAUKEE, IOWA
CITY COUNCIL MEETING COMMUNICATION
MEETING DATE: April 18, 2022
AGENDA ITEM:On the issuance of Not to Exceed $6,750,000 General Obligation Urban
Renewal Bonds (ECP/UR-5) of the City of Waukee, State of Iowa (for
essential corporate urban renewal purposes)
FORMAT:Public Hearing
SYNOPSIS INCLUDING PRO & CON: The proposed General Obligation Urban Renewal
Bonds will be used for essential corporate urban renewal purposes
including the costs of aiding in the planning, undertaking and carrying
out of urban renewal projects under the authority of Iowa Code chapter
403 and the Urban Renewal Plans, as amended, for the North Waukee
Residential Urban Renewal Area and the Waukee Consolidated Urban
Renewal Area, including opening, widening, extending, grading, and
draining of the right-of-way of streets, highways, avenues, alleys and
public grounds, and market places, and the removal and replacement of
dead or diseased trees thereon; the construction, reconstruction, and
repairing of any street improvement, bridges, grade crossing separations
and approaches; the acquisition, installation, and repair of sidewalks,
culverts, retaining walls, storm sewers, sanitary sewers, water service
lines, street lighting, and traffic control devices and signage; and the
acquisition of any real estate needed for any of the foregoing purposes.
FISCAL IMPACT INCLUDING COST/BENEFIT ANALYSIS: Not to exceed $6,750,000
COMMISSION/BOARD/COMMITTEE COMMENT:
STAFF REVIEW AND COMMENT:
RECOMMENDATION: Hold the public hearing
ATTACHMENTS: I. Notice of Public Hearing
PREPARED BY:Linda Burkhart
REVIEWED BY:
PUBLIC NOTICE INFORMATION –
NAME OF PUBLICATION: Des Moines Register
DATE OF PUBLICATION: April 4, 2022
G5
(To be published on or before: April 5, 2022)
NOTICE OF MEETING OF THE CITY COUNCIL OF THE
CITY OF WAUKEE, STATE OF IOWA, ON THE MATTER OF
THE PROPOSED ISSUANCE OF NOT TO EXCEED $6,750,000
GENERAL OBLIGATION URBAN RENEWAL BONDS
(ECP/UR-5) OF THE CITY (FOR ESSENTIAL CORPORATE
URBAN RENEWAL PURPOSES), AND THE HEARING ON
THE ISSUANCE THEREOF
PUBLIC NOTICE is hereby given that the City Council of the City of Waukee, State of
Iowa, will hold a public hearing on the 18th day of April, 2022, at 5:30 P.M., in the Council
Chambers, City Hall, 230 West Hickman Road, Waukee, Iowa, at which meeting the Council
proposes to take additional action for the issuance of not to exceed $6,750,000 General
Obligation Urban Renewal Bonds, for essential corporate urban renewal purposes, to provide
funds to pay the costs of aiding in the planning, undertaking and carrying out of urban renewal
projects under the authority of Iowa Code chapter 403 and the Urban Renewal Plans, as
amended, for the North Waukee Residential Urban Renewal Area and the Waukee Consolidated
Urban Renewal Area, including opening, widening, extending, grading, and draining of the right-
of-way of streets, highways, avenues, alleys and public grounds, and market places, and the
removal and replacement of dead or diseased trees thereon; the construction, reconstruction, and
repairing of any street improvements, bridges, grade crossing separations and approaches; the
acquisition, installation, and repair of sidewalks, culverts, retaining walls, storm sewers, sanitary
sewers, water service lines, street lighting, and traffic control devices and signage; and the
acquisition of any real estate needed for any of the foregoing purposes.
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 Code of Iowa, pursuant to the provisions of
Sections 384.24(3)(q), 384.25 and 403.12 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 thereof, take
additional action for the issuance of the Bonds or will abandon the proposal to issue said Bonds.
This notice is given by order of the City Council of the City of Waukee, State of Iowa, as
provided by Chapters 384 and 403 of the Code of Iowa.
Dated this 4th day of April, 2022.
Rebecca D. Schuett
City Clerk, City of Waukee, State of Iowa
(End of Notice)