HomeMy WebLinkAbout2025-12-15 G02 Bonds_ECP GO Bonds-Notes_PHAGENDA ITEM:
CITY OF WAUKEE, IOWA
CITY COUNCIL MEETING COMMUNICATION
MEETING DATE: December 15, 2025
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 $2,500,000
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 aiding in the planning, undertaking and carrying
out of essential corporate purpose projects under authority of Iowa Code
Chapter 348.24A and/or 384.25 including traffic signals, street lights,
ADA transition plan, and corridor enhancements..
FISCAL IMPACT INCLUDING COST/BENEFIT ANALYSIS: Not to exceed $2,500,000
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: 11/27/2025
G2
(To be published on or between November 25, 2025 – December 2, 2025 (dates inclusive)
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 $2,500,000 GENERAL OBLIGATION
BONDS OR CAPITAL LONA 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 15th day of December, 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 the issuance of not to exceed
$2,500,000 General Obligation Bonds or Capital Loan Notes, for essential corporate purposes, 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. Principal and
interest shall be payable from the Debt Service Fund.
The annual increase in property taxes as the result of the issuance on a residential
property with an actual value of one hundred thousand dollars is estimated not to exceed $3.79.
This estimate only considers the impact on property taxes of financing authority established by
this hearing for the above-described project(s). The bond or note may be issued in one or more
series over a number of years. Finance authority established by this hearing may be combined
with additional finance authority, causing the estimate for the annual increase in property taxes
for the entire issuance to be greater than the estimate stated herein. Changes in other levies may
cause the actual annual increase in property taxes to vary.
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 17th day of November, 2025.
Rebecca D. Schuett
City Clerk, City of Waukee, State of Iowa
(End of Notice)
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