HomeMy WebLinkAbout2016-07-18-Resolutions 16-300_Bonds - GO Refunding Bonds Series 2016B - Set PHRESOLUTION 16-300
RESOLUTION FIXING DATE FOR A MEETING ON THE
PROPOSITION OF THE ISSUANCE OF NOT TO EXCEED
$1,720,000 GENERAL OBLIGATION REFUNDING BONDS
OF THE CITY OF WAUKEE,STATE OF IOWA (FOR
ESSENTIAL CORPORATE PURPOSES),AND PROVIDING
FOR PUBLICATION OF NOTICE THEREOF
WHEREAS,it is deemed necessary and advisable that the City of Waukee,State of Iowa,
should issue General Obligation Refunding Bonds,to the amount of not to exceed $1,720,000,as
authorized by Section 384.25,of the Code of Iowa,for the purpose of providing funds to pay
costs of carrying out essential corporate purpose project(s)as hereinafter described;and
WHEREAS,before the Bonds may be issued,it is necessary to comply with the
provisions of the Code,and to publish a notice of the proposal to issue such bonds and of the
time and place of the meeting at which the Council proposes to take action for the issuance of the
Bonds 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 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 P.M.,on the I"day of August,2016,for the purpose of
taking action on the matter of the issuance of not to exceed $1,720,000 General Obligation
Refunding Bonds,for essential corporate purposes,the proceeds of which bonds will be used to
provide funds to pay the costs of refunding or refinancing outstanding debt,including General
Obligation Bonds,Series 2008B and General Obligation Bonds,Series 2008C.
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
Chapter 384 of the Code of Iowa,the Council hereby elects the "essential corporate purpose"
classification and procedure with respect to each such project or activity,pursuant to Section
384.28 of the Code of Iowa.
Section 3.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 Bonds.
Section 4.The notice of the proposed action to issue bonds shall be in substantially the
following form:
(To be published on or before:July 26,2016)
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 $1,720,000
GENERAL OBLIGATION REFUNDING BONDS OF THE
CITY (FOR ESSENTIAL CORPORATE 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 1"day of August,2016,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 $1,720,000 General
Obligation Refunding Bonds,for essential corporate purposes,to provide funds to pay the costs
of refunding or refinancing outstanding debt,including General Obligation Bonds,Series 2008B
and General Obligation Bonds,Series 2008C.
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 will abandon the proposal to issue said Bonds.
This notice is given by order of the City Council of the City of Waukee,State of Iowa,as
provided by Section 384.25 of the Code of Iowa.
Dated this 18'"day of July,2016.
Rebecca D.Schuett
City Clerk,City of Waukee,State of Iowa
(End of Notice)
PASSED AND APPROVED this 18'day of July,2016.
yor
ATTEST:
City Clerk
ROLL CALL VOTE
Anna Bergman
Brian Harrison
Shelly Hughes
Larry R.Lyon
Rick Peterson
AYE
X
X
X
NAY ABSENT ABSTAIN