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HomeMy WebLinkAbout2017-03-20-Resolutions 17-150_Bonds - GO Urban Renewal - Set PHRESOLUTION 17-150 RESOLUTION FIXING DATE FOR A MEETING ON THE PROPOSITION OF THE ISSUANCE OF NOT TO EXCEED $9,000,000 GENERAL OBLIGATION URBAN RENEWAL BONDS OF THE CITY OF WAUKEE,STATE OF IOWA (FOR ESSENTIAL CORPORATE URBAN RENEWAL PURPOSES), AND PROVIDING FOR PUBLICATION OF NOTICE THEREOF WHEREAS,the City Council previously has found and determined that certain areas located within the City are eligible and should be designated as urban renewal areas under Iowa law,and has approved and adopted the Urban Renewal Plan for the Gateway Economic Development Urban Renewal Plan Area on October 21,2013,pursuant to Resolution No.13- 257,and subsequent amendments to the same on November 17,2014,pursuant to Resolution No. 14-320;October 19,2015,pursuant to Resolution No.15-350 and November 21,2016 pursuant to Resolution No.16-490;and adopted the Urban Renewal Plan for the Autumn Ridge Residential Urban Renewal Area on October 19,2015,pursuant to Resolution No.15-351;and WHEREAS,it is deemed necessary and advisable that the City of Waukee,State of Iowa, should issue General Obligation Urban Renewal Bonds,to the amount of not to exceed $9,000,000,as authorized by Sections 384.25 and 403.12,of the Code of Iowa,for the purpose of providing funds to pay costs of carrying out essential corporate urban renewal purpose project(s)as hereinafter described;and WHEREAS,before bonds may be issued,it is necessary to comply with the procedural requirements of Chapters 384 and 403 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 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 3"day of April,2017,for the purpose of taking action on the matter of the issuance of not to exceed $9,000,000 General Obligation Urban Renewal Bonds,for essential corporate urban renewal purposes,the proceeds of which bonds will be used to provide funds to pay the costs of aiding in the planning,undertaking and carrying out of iuban renewal projects under the authority of Iowa Code chapter 403 and the Urban Renewal Plans,as atnended,for the Gateway Economic Development Urban Renewal Area and the Autumn Ridge Residential Urban Renewal Area,including street,streetscape, sewer,storm sewer and water utility improvements,and traffic signals for the Alice's Road extension,expansion,and interchange improvements,with related site improvements;and developer incentives related to improvements within the Kettlestone Master Plan. 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 ten 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;March 22,2017) 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 $9,000,000 GENERAL OBLIGATION URBAN RENEWAL BONDS OF THE CITY (FOR ESSENTIAL CORPORATE URBAN RENEWAL 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 3"day of April,2017,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 $9,000,000 General Obligation Urban Renewal Bonds,for essential corporate urban renewal purposes,to provide funds to pay the costs of aiding in the planning,undertaking and carrying out of urban renewal projects under the authority of Iowa Code chapter 403 and the Urban Renewal Plans,as amended,for the Gateway Economic Development Urban Renewal Area and the Autumn Ridge Residential Urban Renewal Area,including street,streetscape,sewer,storm sewer and water utility improvements,and traffic signals for the Alice's Road extension,expansion,and interchange improvements,with related site improvements;and developer incentives related to improvements within the Kettlestone Master Plan. 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 Clerk of the City, including the drop box at City Hall during non-business hours,in the nianner provided by Section 362.4 of the Code of Iowa,pursuant to the provisions of Sections 384.24(3)(q),384.25 and 403.12 of the Code of Iowa. 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 Chapters 384 and 403 of the Code of Iowa. Dated this 20"day of March,2017. Rebecca D.Schuett City Clerk,City of Waukee,State of Iowa (End of Notice) PASSED AND APPROVED this 20"day of March,2017. Ma or ATTEST: City Clerk ROLL CALL VOTE Anna Bergman R.Charles Bottenberg Brian Harrison Shelly Hughes Larry R.Lyon AYE X X X X X NAY ABSENT ABSTAIN