HomeMy WebLinkAbout2013-10-21-Resolutions 13-258_Bonds - GO Urban Renewal Series 2013D - Additional ActionRESOLUTION 13-258
RESOLUTION INSTITUTING PROCEEDINGS TO TAKE
ADDITIONAL ACTION FOR THE AUTHORIZATION
AND ISSUANCE OF NOT TO EXCEED $9,200,000
GENERAL OBLIGATION URBAN RENEWAL BONDS
WHEREAS,pursuant to notice published as required by law,this Council has held
a public meeting and hearing upon the proposal to institute proceedings for the issuance
of not to exceed $9,200,000 General Obligation Urban Renewal Bonds,for the purpose
of paying costs of aiding in the planning,undertaking and carrying out of urban renewal
projects under the authority ofIowa Code chapter 403,and the Urban Renewal Plans for
the Waukee Unified Urban Renewal Area,as amended,and the Gateway Economic
Development Urban Renewal Area,including Alice's Road project improvements from
Ashworth to University,and storm water improvements,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 COUNCIL OF THE CITY
OF WAUKEE,STATE OF IOWA:
Section 1.That pursuant to Sections 384.25 and 403.12 of the Code ofIowa 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 $9,200,000 General Urban
Renewal Obligation Bonds,for the foregoing 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 ofthe 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 21 st day of October,2013.
Mayor
ATTEST:
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City Clerk
ROLL CALL VOTE
Shane Blanchard
Casey L.Harvey
Shelly Hughes
C.Isaiah McGee
Mike Watts
AYE
X
X
X
NAY ABSENT ABSTAIN
X
X