HomeMy WebLinkAbout2023-04-03 H05 GO LOSST Bonds_PHAGENDA ITEM:
CITY OF WAUKEE, IOWA
CITY COUNCIL MEETING COMMUNICATION
MEETING DATE: April 3, 2023
AGENDA ITEM:On the issuance of Not to Exceed $25,000,000 General Obligation Bonds
Local Option Sales Tax Bonds
FORMAT:Public Hearing
SYNOPSIS INCLUDING PRO & CON: The proposed General Obligation Local Option
Sales Tax Bonds will be used for general corporate purposes in order to
provide funds to pay the cost of constructing, improving, equipping of a
public safety facility, including fire and police services, with all
necessary utilities, public improvements and related site improvements,
to acquire real estate therefore, and for parks and trail improvements.
FISCAL IMPACT INCLUDING COST/BENEFIT ANALYSIS: Not to exceed $25,000,000
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
H5
(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
$25,000,000 GENERAL OBLIGATION LOCAL OPTION
SALES TAX BONDS OF THE CITY 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 $25,000,000 General Obligation
Local Option Sales Tax Bonds, bearing interest at the rate of not to exceed nine per centum (9%)
per annum, to provide funds to pay the costs of construction, improvement, and equipping of a
public safety facility, including fire and police services, with all necessary utilities, public
improvements, and related site improvements, and to acquire real estate therefore, and for parks
and trail improvements. Principal and interest on the proposed Bonds will be payable from the
Designated Portion of the local option sales and services tax receipts collected by the City (equal
to 50% thereof) and, to the extent provided in Iowa Code 423B.9(4), the debt service fund of the
City.
At any time before the date fixed for taking action for the issuance of the Bonds, a
petition, signed by eligible electors residing within the City in a number equal to at least three
percent (3%) of the registered voters of the City, may be filed with the City Clerk, asking that the
question of issuing the Bonds be submitted to the registered voters of the City at a special
election called upon the question of issuing said Bonds.
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 Section 423B.9(4) 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)