HomeMy WebLinkAbout2025-12-15 G03 Bonds_ECP-Urban Renewal 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 $9,000,000
General Obligation Urban Renewal Bonds or Capital Loan Notes (UR)]
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 urban renewal projects under authority of Iowa Code Chapter 348
and/or 403 and the Urban Renewal Plan, as amended, for the Waukee
Consolidated Urban Renewal Area, including the University Avenue
Improvements, 10th Street Extension, Downtown Street Improvement
and South Warrior Lane 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:Linda Burkhart
REVIEWED BY:
PUBLIC NOTICE INFORMATION –
NAME OF PUBLICATION: Dallas County News
DATE OF PUBLICATION: 11/27/2025
G3
(To be published 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 ISSUANCE OF NOT TO EXCEED $9,000,000
GENERAL OBLIGATION URBAN RENEWAL BONDS OR
CAPITAL LOAN NOTES OF THE CITY (FOR ESSENTIAL
CORPORATE 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 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 issuance of not to exceed $9,000,000 General
Obligation Urban Renewal Bonds 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 Plans, as
amended, for the Waukee Consolidated Urban Renewal Area, as amended, including 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; including for the University Avenue Area
improvements, including the 10th Street Extension project, and Downtown Street Improvements
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.
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 $13.50.
This estimate only considers the impact on property taxes of financing authority established by
this hearing for the above-described project(s). The bonds or notes 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 Chapters 384 and 403 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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