HomeMy WebLinkAbout2023-11-20 Resolution 2023-493_WRA Senior Bond Issuance CertificateTHE CITY OF WAUKEE, IOWA
RESOLUTION 2023-493
APPROVING SUPPLEMENT TO 2023 SENIOR BOND ISSUANCE CERTIFICATE OF
DES MOINES METROPOLITAN WASTEWATER RECLAMATION AUTHORITY
PARTICIPATING COMMUNITY
IN THE NAME AND BY THE A UTHORITY OF THE CITY OF WAUKEE, IOWA
WHEREAS, the City of Waukee, Dallas County, State of Iowa, is a duly organized Municipal
Organization; AND,
WHEREAS, the City of Waukee, Iowa is a member of the Des Moines Metropolitan
Wastewater Reclamation Authority (WRA), and is in compliance with the provisions of the
WRA Agreement; AND,
WHEREAS, the WRA identified projects for which not more than $94,250,000 of WRA Bonds
are anticipated to be issued in calendar years 2023 and 2024, memorialized in the 2023 Senior
Bond Issuance Certificate approved by all Participating Communities around July 2023, with
correlating allocations of debt service to Participating Communities; AND,
WHEREAS, the 2023 Senior Bond Issuance Certificate included $10,000,000 of bid
contingency for projects enumerated therein; AND,
WHEREAS, WRA is contemplating a new project for land acquisition, demolition and clearing
project for a new WRA Site, in an estimated amount of $9,000,000; AND,
WHEREAS, the WRA requires Participating Communities to approve proposed indebtedness
prior to issuance, and has suggested utilizing $9,000,000 of the original $10,000,000 bid
contingency for the new WRA Site Acquisition, Demolition and Clearing Project.
NOW, THEREFORE, BE IT RESOLVED, BY THE CITY COUNCIL OF THE CITY OF
WAUKEE, IOWA:
Section 1. That the City Council of the City of Waukee, Iowa, hereby approves
expanding the scope of the $10,000,000 bid contingency previously identified within the 2023
Senior Bond Issuance Certificate of WRA Participating Community to include the WRA Site
Acquisition, Demolition and Clearing Project in the estimated amount of $9,000,000 (bid
contingency reduced to $1,000,000), there being no impact on the previously approved aggregate
amount of $94,250,000 proposed issuance by the WRA and approved by all Participating
Communities, nor a modification to the previously approved allocation of debt service for each
of the Participating Communities.
Section 2. That a copy of this Resolution shall be tiled with the WRA confirming the City
Council of the City of Waukee, Iowa's action herein, and supplementing the 2023 Senior Bond
Issuance Certificate.
PASSED AND APPROVED this 20"' day of November, 2023.
Courtney Clarke, Mayor
Attest:
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Rebecca D. Schuett, City Clerk
RESULTS OF VOTE: AYE NAY ABSENT ABSTAIN
Anna Bergman Pierce X
R. Charles Bottenberg X
Chris Crone X
Larry R. Lyon X
Ben Sinclair X