HomeMy WebLinkAbout2023-04-03 H04 GO GCP Bonds_PHAGENDA ITEM:
CITY OF WAUKEE, IOWA
CITY COUNCIL MEETING COMMUNICATION
MEETING DATE: April 3, 2023
AGENDA ITEM:On the issuance of Bonds of Capital Loan Notes to evidence the
obligation of the City thereunder [Not to Exceed $700,000 General
Obligation Bonds or Capital Loan Notes (GCP)
FORMAT:Public Hearing
SYNOPSIS INCLUDING PRO & CON: The proposed General Obligation Bonds or Capital
Loan Notes will be used for general corporate purposes in order to
provide funds to pay the cost of constructing, improving, equipping of
city facilities, including a public safety building, and acquisition of real
estate.
FISCAL IMPACT INCLUDING COST/BENEFIT ANALYSIS: Not to exceed $700,000
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: March 21, 2023
H4
(To be published on: March 21, 2023)
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 $700,000
GENERAL OBLIGATION BONDS OR CAPITAL LOAN
NOTES OF THE CITY (FOR GENERAL CORPORATE
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 3rd day of April, 2023, 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 $700,000 General Obligation
Bonds or Capital Loan Notes, for general corporate purposes, bearing interest at a rate of not to
exceed nine (9) per centum per annum, the Bonds or Notes to be issued to provide funds to pay
the costs of constructing, improving, equipping of city facilities, including a public safety
building, and acquisition of real estate therefore. Principal and interest shall be payable from the
Debt Service Fund.
At any time before the date of the meeting, a petition, asking that the question of issuing
such Bonds or Notes 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 384.24A and/or 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 thereof, take
additional action for the issuance of the Bonds or Notes or will abandon the proposal to issue
said Bonds or Notes.
This notice is given by order of the City Council of the City of Waukee, State of Iowa, as
provided by Sections 384.24A and/or 384.26 of the Code of Iowa.
Dated this 20th day of March, 2023.
Rebecca D. Schuett
City Clerk, City of Waukee, State of Iowa
(End of Notice)