HomeMy WebLinkAbout2014-01-06-Resolutions 14-006_Bonds - GO Golf Course Equipment Lease Purchase Agr - Set PHRESOLUTION 14-006
RESOLUTION SETTING TIME AND DATE OF HEARING ON THE AUTHORIZATION
OF A LEASE PURCHASE AGREEMENT IN THE AMOUNT OF NOT TO EXCEED $55,000
FOR THE ACQUISITION OF GOLF COURSE EQUIPMENT
WHEREAS,it is deemed necessary and advisable that the City of Waukee,State of Iowa,
should provide for the authorization and issuance of a Lease Purchase Agreement to the amount not to
exceed $55,000,for the purpose of acquiring equipment for the City's golf course enterprise,as
authorized by Section 364.4 of the Code ofIowa;and
WHEREAS,the Lease Purchase Agreement shall be payable from the Debt Service Fund;and
WHEREAS,the proposed equipment acquisition constitutes a general corporate purpose of
the City for general obligation financing.The City has a population of more than 5,000,but not more
than 75,000,and the amount of the lease for this purpose does not exceed $700,000;and
WHEREAS,before the Lease Purchase Agreement may be authorized,it is necessary to
comply with the provisions of the City Code of Iowa,as amended,and to publish a notice of the
proposal and the right to petition for an election:
NOW,THEREFORE,BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF CENTERVILLE,STATE OF IOWA:
Section 1.That the City Council,at a meeting to be held commencing at 5:30 o'clock P.M.on
January 21,2014,in the Waukee Community Center located at 675 Walnut Street,Waukee,Iowa,will
hold a hearing for the purpose of taking action on the matter of the authorization of a General
Obligation Lease-Purchase Agreement for a general corporate purpose of the City,the proceeds of
which will be used to acquire equipment for the City golf course enterprise.
Section 2.The City 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 nor
more than twenty days before the date of public meeting on the proposal to enter into the Leasc
Purchase Agreement,and be substantially in the following f01111:
NOTICE OF MEETING OF THE CITY COUNCIL OF THE CITY OF
WAUKEE,STATE OF IOWA,ON THE PROPOSITION TO
AUTHORIZE NOT TO EXCEED $55,000 GENERAL OBLIGATION
LEASE PURCHASE AGREEMENT FOR GOLF COURSE
EQUIPMENT PAYABLE FROM THE DEBT SERVICE LEVY
PUBLIC NOTICE is hereby given that the Council of the City of Waukee,State of Iowa,will
hold a public hearing on the 21st day of January,2014,at 5:30 o'clock P.M.,in the Waukee
Community Center,675 Walnut Street,Waukee,Iowa,at which meeting the City Council proposes to
take additional action for the authorization of a lease purchase agreement in the principal amount of
not to exceed $55,000 to provide for the acquisition of equipment for the City's golf course enterprise.
The lease shall be secured by the debt service levy of the City.
At any time before the date of the meeting,a petition,asking that the question of entering into
such lease be submitted to the legal voters of the City,may be filed with the Clerk of the City,in the
manner provided by Section 362.4 ofthe City Code ofIowa.
Also,at the above meeting the City Council shall receive oral or written objections from any
resident or property owner of said City to tbe above action.After all objections have been received
and considered,the Council will at this meeting or at any adjournment thereof,take additional action
for the authorization of said lease agreement or abandon the proposal.
TIns Notice is given by order of the Council of the City of Waukee,State ofIowa,as provided
by Sections 364.4 of the City Code ofIowa,as amended.
Dated this 6th day of January,2014.
RebeccaD.Schuett
City Clerk of the City of Waukee,State ofIowa
(End of Notice)
Section 3.This resolution shall become effective upon its passage and approval as provided
bylaw.
PASSED AND APPROVED by the City Council tbis 6th day ofJanuary,2014.
Attest:
~;,~
City Clerk
ROLL CALL VOTE
Shane Blanchard
Brian Harrison
Casey L.Harvey
Shelly Hughes
Rick Peterson
AYE
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X
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NAY ABSENT ABSTAIN