HomeMy WebLinkAbout2024-06-17 G02 Bonds, GO Urban Renewal or CLN_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 $9,000,000
General Obligation Urban Renewal Bonds or Capital Loan Notes (UR)]
FORMAT:Consent Agenda
SYNOPSIS INCLUDING PRO & CON: The proposed bond proceeds will be used to provide
funds to pay the costs of aiding in the planning, undertaking and carrying
out of urban renewal projects under the authority of Iowa Code chapter
403 and the Urban Renewal Plan, as amended, for the Waukee
Consolidated Urban Renewal Area, including the University Avenue
Extension Projects
FISCAL IMPACT INCLUDING COST/BENEFIT ANALYSIS: Not to exceed $9,000,000
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
G2
(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 ISSUANCE OF NOT TO EXCEED $9,000,000
GENERAL OBLIGATION URBAN RENEWAL BONDS OR
CAPITAL LOAN NOTES OF THE CITY (FOR URBAN
RENEWAL 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 issuance of not to exceed $9,000,000 General Obligation Urban
Renewal Bonds or Capital Loan Notes, for urban renewal purposes, to provide funds to pay the
costs of aiding in the planning, undertaking and carrying out of urban renewal projects under the
authority of Iowa Code chapter 403 and the Urban Renewal Plan, as amended, for the Waukee
Consolidated Urban Renewal Area, including the University Avenue Extension Projects.
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
Chapters 384 and 403 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 Chapters 384 and 403 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)