HomeMy WebLinkAbout2003-12-15-Resolutions 03-231_Bonds - GO Corp Purpose Taxable - Loan Agr - Additional ActionRESOLUTION NO.03-231
Taking additional action to enter into a Loan Agreement
WHEREAS,pursuant to the provisions of Section 384.24A of the Code of Iowa,
the City of Waukee,in the County of Dallas,State ofIowa (hereinafter referred to as the
"City")has heretofore proposed to contract indebteduess and enter into a loan agreement
(the "Loan Agreement")in the principal amount of $485,000,for the purpose of paying
the cost,to that extent,of refunding $445,000 of the City's outstanding General
Obligation Corporate Purpose Notes (Taxable),dated April 1,1995,and has published
notice of the proposed action and has held a hearing thereon;
NOW,THEREFORE,It Is Resolved by the City Council of the City of Waukee,
Iowa,as follows:
Section 1.The Council hereby determines to enter into the Loan Agreement
in the future and declares that this resolution constitutes the "additional action"required
by Section 384.24A of the Code ofIowa.
Section 2.All resolutions and orders or parts thereof in conflict with the
provisions of this resolution,to the extent of such conflict,are hereby repealed.
Section 3.This resolution shall be in full force and effect immediately upon
its adoption and approval,as provided by law.
Passed and approved December 15,2003.
Attest:
ROLL CALL VOTE
Nicholas C.Gruber
Donald L.Bailey,Jr.
Bill Peard
Mike Watts
Darlene Stanton
AYE
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NAY ABSENT