HomeMy WebLinkAbout2025-11-03 G03 Bonds_NTE $9M Water Revenue CLN_CIWW Asset Transfer_PHAGENDA ITEM:
CITY OF WAUKEE, IOWA
CITY COUNCIL MEETING COMMUNICATION
MEETING DATE: November 3, 2025
AGENDA ITEM:Public Hearing on the authorization of a Loan and Disbursement
Agreement and the issuance of Notes to evidence the obligations of the
City thereunder [Not to exceed $9,000,000 Water Revenue Capital Loan
Notes (CIWW Asset Transfer)]
FORMAT:Public Hearing
SYNOPSIS INCLUDING PRO & CON: The proposed capital loan note proceeds will be used
to provide funds to pay the costs of the Central Iowa Water Works
(CIWW) Transfer Purchase Payment (Buy In Fee).
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:Linda Burkhart
REVIEWED BY:
PUBLIC NOTICE INFORMATION –
NAME OF PUBLICATION: Dallas County News
DATE OF PUBLICATION: 10/23/2025
G3
(To be published on or before: October 28, 2025)
NOTICE OF MEETING OF THE CITY COUNCIL OF THE
CITY OF WAUKEE, STATE OF IOWA, ON THE MATTER OF
THE PROPOSED AUTHORIZATION OF A LOAN AND
DISBURSEMENT AGREEMENT AND THE ISSUANCE OF
NOT TO EXCEED $9,000,000 WATER REVENUE CAPITAL
LOAN NOTES, 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 3rd day of November, 2025, 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 a Loan and Disbursement Agreement
by and between the City and the Iowa Finance Authority and the issuance to the Iowa Finance
Authority of not to exceed $9,000,000 Water Revenue Capital Loan Notes, to evidence the
obligations of the City under the said Loan and Disbursement Agreement, in order to provide
funds to pay the costs of acquisition, construction, reconstruction, extending, remodeling,
improving, repairing and equipping all or part of the Municipal Water Utility, including those
costs associated with the CIWW Asset Transfer project. The Notes will not constitute general
obligations or be payable in any manner by taxation, but will be payable from and secured by the
Net Revenues of the Municipal Water Utility.
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 authorization of a Loan and Disbursement Agreement and the issuance
of the Notes to evidence the obligation of the City thereunder or will abandon the proposal to
issue said 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 384.83 of the Code of Iowa.
Dated this 20th day of October, 2025.
Rebecca D. Schuett
City Clerk, City of Waukee, State of Iowa
(End of Notice)
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