HomeMy WebLinkAbout2023-05-15 G04 Bonds_GO ECP_PHAGENDA ITEM:
CITY OF WAUKEE, IOWA
CITY COUNCIL MEETING COMMUNICATION
MEETING DATE: May 15, 2023
AGENDA ITEM:On the issuance of $5,500,000 General Obligation Bonds or Capital Loan
Notes to evidence the obligation of the City thereunder [Not to Exceed
$5,500,000 General Obligation Bonds or Capital Loan Notes (ECP)
FORMAT:Public Hearing
SYNOPSIS INCLUDING PRO & CON: The proposed General Obligation Bonds or Capital
Loan Notes will be used for essential corporate purposes in order to
provide funds to pay the cost of 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.
FISCAL IMPACT INCLUDING COST/BENEFIT ANALYSIS: Not to exceed $5,500,000
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: May 2, 2023
G4
(To be published on or before: May 2, 2023)
NOTICE OF MEETING OF THE CITY COUNCIL OF THE
CITY OF WAUKEE, STATE OF IOWA, ON THE MATTER OF
THE PROPOSED AUTHORIZATION OF THE ISSUANCE OF
NOT TO EXCEED $5,500,000 GENERAL OBLIGATION
BONDS OR CAPITAL LOAN NOTES (ECP) OF THE CITY
(FOR ESSENTIAL 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 15th day of May, 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 authorization of the issuance of not to exceed
$5,500,000 General Obligation Bonds or Capital Loan Notes, for essential corporate purposes, to
provide funds to pay the costs of costs of 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.
Principal and interest shall be payable from the Debt Service Fund.
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 Capital Loan Notes to evidence the obligation
of the City thereunder 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 384.25 of the Code of Iowa.
Dated this 10th day of April, 2023.
Rebecca D. Schuett
City Clerk, City of Waukee, State of Iowa
(End of Notice)