HomeMy WebLinkAbout2024-06-17 G01 Bonds, GO or CLN ECP_PHAGENDA ITEM:
CITY OF WAUKEE, IOWA
CITY COUNCIL MEETING COMMUNICATION
MEETING DATE: June 17, 2024
AGENDA ITEM:On the authorization of the issuance of Bonds or Capital Loan Notes to
evidence the obligation of the City thereunder [Not to Exceed $4,000,000
General Obligation Bonds or Capital Loan Notes (ECP)]
FORMAT:Public Hearing
SYNOPSIS INCLUDING PRO & CON: The proposed bond proceeds will be used to provide
funds to pay the costs of opening, widening, extending, grading, and
draining of the right-of-way of streets, highways, avenues, alleys and
public grounds, and market places, 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.
FISCAL IMPACT INCLUDING COST/BENEFIT ANALYSIS: Not to exceed $4,000,000
COMMISSION/BOARD/COMMITTEE COMMENT:
STAFF REVIEW AND COMMENT:
RECOMMENDATION: Hold the public hearing
ATTACHMENTS: I. Notice of Public Hearing
PREPARED BY:Becky Schuett
REVIEWED BY:
PUBLIC NOTICE INFORMATION –
NAME OF PUBLICATION: Des Moines Register
DATE OF PUBLICATION: 06/04/2024
G1
(To be published on June 4, 2024)
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 $4,000,000 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 17th day of June, 2024, 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 $4,000,000 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; and the acquisition of
any real estate needed for any of the foregoing purposes. 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 3rd day of June, 2024.
Rebecca D. Schuett
City Clerk, City of Waukee, State of Iowa
(End of Notice)