HomeMy WebLinkAbout2008-07-07-Resolutions 08-156_Bonds - GO CLN Series 2008 - Set PHRESOLUTION 08-156
RESOLUTION FIXING DATE FOR A MEETING ON THE
AUTHORIZATION OF A LOAN AGREEMENT AND THE
ISSUANCE OF NOT TO EXCEED $140,000 GENERAL
OBLIGATION CAPITAL LOAN NOTES OF WAUKEE,
IOWA,AND PROVIDING FOR PUBLICATION OF
NOTICE THEREOF
WHEREAS,it is deemed necessary and advisable that the City of Waukee,Iowa,
should provide for the authorization of a Loan Agreement and the issuance of General
Obligation Capital Loan Notes to the amount of not to exceed $140,000,as authorized by
Sections 384.24,384.24A and 384.25,Code ofIowa,as amended,for the purpose of
providing funds to pay costs of carrying out an essential corporate purpose project as
hereinafter described;and
WHEREAS,the Loan Agreement and Notes shall be payable from the General
Fund;and
WHEREAS,before a Loan Agreement may be authorized and General Obligation
Capital Loan Notes issued to evidence the obligation of the City thereunder,it is
necessary to comply with the provisions of the City Code ofIowa,as amended,and to
publish a notice of the proposal and of the time and place ofthe meeting at which the
Council proposes to take action for the authorization of the Loan Agreement and 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 THE
CITY OF WAUKEE,IOWA:
Section 1.That this Council meet in the City Hall,230 Highway 6,Waukee,
Iowa,at seven o'clock P.M.,on the 21st day of July,2008,for the purpose of taking
action on the matter of the authorization of a Loan Agreement and the issuance of Not to
exceed $140,000 General Obligation Capital Loan Notes to evidence the obligations of
the City thereunder for an essential corporate purpose of the City,the proceeds of which
will be used to pay costs of costs of acquisition of an ambulance and ambulance
equipment for the City .
Section 2.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 Division III of the City Code ofIowa,the Council hereby elects the "essential
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corporate purpose"classification and procedure with respect to each such project or
activity,pursuant to Section 384.28 of the City Code ofIowa.
Section 3.The Clerk is authorized and directed to proceed on behalf of the City
with the negotiation of terms of a Loan Agreement and the issuance of General
Obligation Capital Loan Notes,Series 2008,evidencing the City's obligations to a
principal amount of not to exceed $140,000,to select a date for the final approval thereof;
to cause to be prepared such notice information as may appear appropriate,to publish and
distribute the same on behalf of the City and this Council and otherwise to take all action
necessary to permit the completion of a loan on a basis favorable to the City and
acceptable to the CounciL
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 issuance of the Notes.
Section 5.The notice of the proposed action shall be in substantially the following
form:
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NOTICE OF MEETING OF THE CITY COUNCIL OF THE
CITY OF WAUKEE,IOWA,ON THE MATTER OF THE
PROPOSED AUTHORIZATION OF A LOAN
AGREEMENT AND THE ISSUANCE OF NOT TO
EXCEED $140,000 GENERAL OBLIGATION CAPITAL
LOAN NOTES (FOR AN ESSENTIAL CORPORATE
PURPOSE)AND THE PUBLIC HEARING ON THE
AUTHORIZATION AND ISSUANCE THEREOF
PUBLIC NOTICE is hereby given that the Council of the City of Waukee,Iowa,
will hold a public hearing on the 21st day of July,2008,at seven o'clock P.M.,in the City
Hall,230 Highway 6,Waukee,Iowa,at which meeting the Council proposes to take
additional action for the authorization of a Loan Agreement and the issuance of Not to
exceed $140,000 General Obligation Capital Loan Notes for an essential corporate
purpose of the City,in order to pay costs of costs of acquisition of an ambulance and
ambulance equipment for the City .Principal and interest due from the general fund of
the City on the proposed Loan Agreement and all other loan agreements in force on the
date of authorization will not exceed ten (10)percent of the last certified general fund
budget amount.
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 this meeting or at any adjournment thereof,
take additional action for the authorization of a Loan Agreement and the issuance of
Notes to evidence the obligation ofthe City thereunder or will abandon the proposal.
This Notice is given by order of the Council of Waukee,Iowa,as provided by
Sections 384.24A and 384.25 of the City Code ofIowa,as amended.
Dated this 7th day of July,2008.
Jeffrey L.Kooistra
City Clerk of Waukee,Iowa
(End of Notice)
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PASSED AND APPROVED this 7th day of July,2008.
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Mayor Pro Tern
ATTEST:
ROLL CALL VOTE AYE NAY ABSENT ABSTAIN
Donald L.Bailey,Jr.X
Casey L.Harvey X
C.Isaiah McGee X
Darlene Stanton X
Mike Watts X
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