HomeMy WebLinkAbout2024-06-03 Resolution 2024-230_Set Public Hearing Date, Bonds, GO ECPRESOLUTION 2024-230
RESOLUTION FIXING DATE FOR A MEETING ON THE
AUTHORIZATION OF THE ISSUANCE OF NOT TO EXCEED
$4,000,000 GENERAL OBLIGATION BONDS OR CAPITAL
LOAN NOTES (ECP) OF THE CITY OF WAUKEE, STATE OF
IOWA (FOR ESSENTIAL CORPORATE PURPOSES), AND
PROVIDING FOR PUBLICATION OF NOTICE THEREOF
WHEREAS, it is deemed necessary and advisable that the City of Waukee, State of Iowa,
should provide for the issuance of General Obligation Bonds or Capital Loan Notes, to the
amount of not to exceed $4,000,000, as authorized by Sections 384.24A and/or 384.25, of the
Code of Iowa, for the purpose of providing funds to pay costs of carrying out essential corporate
purpose project(s) as hereinafter described; and
WHEREAS, the Bonds or Capital Loan Notes shall be payable from the Debt Service
Fund; and
WHEREAS, before issuing General Obligation Bonds or Capital Loan Notes, to evidence
the obligation of the City thereunder, it is necessary to comply with the provisions of the Code of
Iowa, and to publish a notice of the proposal to issue such bonds or notes and of the time and
place of the meeting at which the Council proposes to take action for the issuance of the Bonds
or Notes and to receive oral and/or written objections from any resident or property owner of the
City to such action.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF CITY OF
WAUKEE, STATE OF IOWA:
Section 1. That this Council meet in the Council Chambers, City Hall, 230 West
Hickman Road, Waukee, Iowa, at 5:30 P.M., on the 171" day of June, 2024, for the purpose of
taking action on the matter of the authorization of the issuance of not to exceed $4,000,000
General Obligation Bonds or Capital Loan Notes, for essential corporate purposes, the proceeds
of which bonds 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, 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.
Section 2. The Clerk is authorized and directed to proceed on behalf of the City in
preparing such sale information as may appear appropriate, to distribute the same on behalf of
the City and this Council and otherwise to take all action necessary to permit the completion of
an issuance on a basis favorable to the City and acceptable to the Council.
Section 3. To the extent any of the projects or activities described in this resolution may
be reasonably construed to be included in more than one classification under Subchapter III of
Chapter 384 of the Code of Iowa, the Council hereby elects the "essential corporate purpose"
classification and procedure with respect to each such project or activity, pursuant to Section
384.28 of the Code of Iowa.
Section 4. That the Clerk is hereby directed to cause at least one publication to be made
of a notice of the meeting, in a legal newspaper, printed wholly in the English language,
published at least once weekly, and having general circulation in the City. The publication to be
not less than four clear days nor more than twenty days before the date of the public meeting on
the proposed issuance.
Section 5. The notice of the proposed action to issue shall be in substantially the
following form:
(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 17"' 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)
PASSED AND APPROVED this 3rd day of June, 2024.
Mayor Pro Tem
ATTEST:
LWMA (4 -
City Clerk
RESULTS OF VOTE:
AYE
R. Charles Bottenberg
X
Chris Crone
X
Rob Grove
X
Anna Bergman Pierce
X
Ben Sinclair
X
NAY ABSENT ABSTAIN