HomeMy WebLinkAbout2018-03-19-Resolutions 18-112_Bonds - GO General Corp Purpose - Set PHRESOLUTION 18-112
RESOLUTION FIXING DATE FOR A MEETING ON THE
PROPOSITION OF THE ISSUANCE OF NOT TO EXCEED
$700,000 GENERAL OBLIGATION BONDS OF THE CITY OF
WAUKEE,STATE OF IOWA (FOR GENERAL 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 Bonds,to the amount of not to exceed $700,000,as authorized
by Section 384.26,of the Code of Iowa,for the purpose of providing funds to pay costs of
carrying out general corporate purpose project(s)as hereinafter described;and
WHEREAS,the Issuer has a population of more than 5,000 but not more than 75,000,
and the Bonds for these purposes do not exceed $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 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 2"day of April,2018,for the purpose of
taking action on the matter of the issuance of not to exceed $700,000 General Obligation Bonds,
for general corporate purposes,the proceeds of which bonds will be used to provide funds to pay
the costs of acquisition,construction,improvement and equipping recreation grounds,and new
parks,including acquisition of real estate therefor,related to the new Westown Meadows park
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 nor more than twenty 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:
(To be published on or before:March 20,2018)
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 $700,000
GENERAL OBLIGATION BONDS OF THE CITY (FOR
GENERAL 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 2"day of April,2018,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 $700,000 General Obligation
Bonds,for general corporate purposes,bearing interest at a rate of not to exceed nine (9)per
centum per annum,the Bonds to be issued to provide funds to pay the costs of acquisition,
construction,improvement and equipping recreation grounds,and new parks,including
acquisition of real estate therefor,related to the new Westown Meadows park.
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 manner provided by
Section 362.4 of the Code of Iowa,pursuant to the provisions of Section 384.26 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 Section 384.26 of the Code of Iowa.
Dated this 19'day of March,2018.
Rebecca D.Schuett
City Clerk,City of Waukee,State of Iowa
(End of Notice)
PASSED AND APPROVED this 19'"day of March,2018.
Ma
ATTEST:
City Clerk
RESULTS OF VOTE:
Anna Bergman
R.Charles Bottenberg
Courtney Clarke
Shelly Hughes
Larry R.Lyon
AYE
X
X
X
X
NAY ABSENT ABSTAIN
X