HomeMy WebLinkAbout2012-03-19-Resolutions 12-60_Bonds - GO General Corp Purpose - Set PHRESOLUTION 12-60
RESOLUTION FIXING DATE FOR A MEETING ON THE
PROPOSITION OF THE ISSUANCE OF NOT TO
EXCEED $650,000 OF GENERAL OBLIGATION BONDS
(FOR GENERAL CORPORATE PURPOSES)AND
PROVIDING FOR PUBLICATION OF NOTICE THEREOF
WHEREAS,the City of Waukee,State ofIowa,is in need of funds to carry out
general corporate purpose projects as hereinafter described;and,it is deemed necessary
that it should issue General Obligation Bonds,to the amount of not to exceed $650,000 as
authorized by Section 384.26 of the Code ofIowa,for the purpose of providing funds to
pay costs thereof;and
WHEREAS,the City has a population of more than 5,000,but not more than
75,000,and the amount of the proposed bond issue is not more than $700,000;and
WHEREAS,before the bonds may be issued,it is necessary to comply with the
provisions of Chapter 384 of the Code of Iowa,and to publish a notice of the proposal to
issue such bonds and the right to petition for an election;
NOW,THEREFORE,BE IT RESOLVED BY THE COUNCIL OF THE CITY
OF WAUKEE,STATE OF IOWA:
Section 1.That this Council meet in the Council Chambers,City Hall,230 West
Hickman Road,Waukee,Iowa,at 5:30 o'clock P.M.,on the 16th day of April,2012,for
the purpose of taking action on the matter of the issuance of not to exceed $650,000 of
General Obligation Bonds,the proceeds of which bonds will be used to provide funds to
pay costs of trailhead,fiber optic and public building improvements and shall bear
interest at a rate not exceeding the maximum specified in the attached notice.
Section 2.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 ten clear days before the date of the public meeting on the
issuance of the bonds.
Section 3.The notice of the proposed action to issue bonds shall be in
substantially the following form:
NOTICE OF MEETING OF THE COUNCIL OF THE CITY
OF WAUKEE,STATE OF IOWA,ON THE MATTER OF
THE PROPOSED ISSUANCE OF NOT TO EXCEED
$650,000 PRINCIPAL AMOUNT OF GENERAL
OBLIGATION BONDS (FOR GENERAL CORPORATE
PURPOSES),AND HEARING ON ISSUANCE OF BONDS
Public Notice is hereby given that the Council of the City of Waukee,State of
Iowa,will hold a public hearing on the 16th day of April,2012,at 5:30 o'clock P.M.,in
the Council Chambers,City Hall,230 West Hickman Road,Waukee,Iowa,at which
meeting the Council proposes to take action for the issuance of not to exceed $650,000 of
General Obligation Bonds (for general corporate purposes),bearing interest at the rate of
not to exceed nine (9)per centum per annum,the bonds to be issued for the purpose of
providing funds to pay costs of trailhead,fiber optic and public building improvements.
At any time before the date of the meeting,a petition,asking that the question of
issuing such bonds be submitted to the legal voters of the City,may be filed with the City
Clerk of the City in the manner provided by Section 362.4 of the Code ofIowa,pursuant
to the provisions of Section 384.26 of the Code of Iowa.
This Notice is given by order of the Council of the City of Waukee,State ofIowa,
as provided by Section 384.26 of the Code ofIowa.
Dated this 19th day of March,2012.
Jeffrey L.Kooistra
City Clerk,City of Waukee,State ofIowa
(End of Notice)
PASSED AND APPROVED this 19th day of March,2012.
ATTEST:
ROLL CALL VOTE
Shane Blanchard
Dan Dutcher
Casey L.Harvey
Shelly Hughes
Mike Watts
AYE
X
X
X
X
X
NAY ABSENT ABSTAIN