HomeMy WebLinkAbout2012-02-27-Resolutions 12-27_Bonds - 675 Walnut St-Community Center GO - Additional ActionRESOLUTION 12-27
RESOLUTION INSTITUTING PROCEEDINGS TO TAKE
ADDITIONAL ACTION FOR THE AUTHORIZATION AND
ISSUANCE OF NOT TO EXCEED $575,000 GENERAL
OBLIGATION BONDS.
WHEREAS,pursuant to notice published as required by law,the City Council has
held a public meeting and hearing upon the proposal to institute proceedings for the
issuance of not to exceed $575,000 General Obligation Bonds,for a general corporate
purpose,in order to provide funds to pay costs of renovating,reconstructing and
equipping an existing City fire station for use as the Waukee Community Center,
including associated site improvements and landscaping,and no petition was filed calling
for a referendum thereon.The following action is now considered to be in the best
interests of the City and residents thereof:
NOW,THEREFORE,BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF WAUKEE,STATE OF IOWA:
Section 1.That this Council does hereby institute proceedings and take additional
action for the authorization and issuance in the manner required by law of not to exceed
$575,000 General Obligation Bonds,for the foregoing general corporate purpose.
Section 2.This Resolution shall serve as a declaration of official intent under
Treasury Regulation 1.150-2 and shall be maintained on file as a public record of such
intent.It is reasonably expected that the general fund moneys may be advanced from
time to time for capital expenditures which are to be paid from the proceeds of the above
Bonds.The amounts so advanced shall be reimbursed from the proceeds of the Bonds
not later than eighteen months after the initial payment of the capital expenditures or
eighteen months after the property is placed in service.Such advancements shall not
exceed the amount authorized in this Resolution unless the same are for preliminary
expenditures or unless another declaration of intention is adopted.
PASSED AND APPROVED this 27'h day of February,2012.
ATTEST:
ROLL CALL VOTE
Shane Blanchard
Dan Dutcher
Casey L.Harvey
Shelly Hughes
Mike Watts
AYE
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NAY
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ABSENT ABSTAIN