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HomeMy WebLinkAbout2014-10-06-Resolutions 14-266_Bonds - GO Urban Renewal Series 2014 - Set PHRESOLUTION 014-266 RESOLUTION FIXING DATE FOR A MEETING ON THE PROPOSITION OF THE ISSUANCE OF NOT TO EXCEED $24,700,000 GENERAL OBLIGATION URBAN RENEWAL BONDS (FOR ESSENTIAL CORPORATE URBAN RENEWAL PURPOSES)OF THE CITY OF WAUKEE,STATE OF IOWA,AND PROVIDING FOR PUBLICATION OF NOTICE THEREOF WHEREAS,by Resolution No.93,adopted December 13,1988,this Council found and determined that certain areas located within the City are eligible and should be designated as an urban renewal area under Iowa law,and approved and adopted the Waukee Urban Renewal Plan for the Waukee Urban Renewal Plan Area (the "Waukee Urban Renewal Area");and WHEREAS,by Resolution Nos.00-226,01-58,02-139,03-10,04-159 and 07-95,the Plan has been amended in 2000,2001,2002,2003,2003,2004 and 2007,respectively;and WHEREAS,by Resolution No.197,adopted June 15,1992,this Council found and determined that certain areas located within the City are eligible and should be designated as an urban renewal area under Iowa law,and approved and adopted the Waukee Southwest Urban Renewal Plan for the Waukee Southwest Urban Renewal Plan Area (the "Waukee Southwest Urban Renewal Area");and WHEREAS,by Resolution No.335,adopted March 20,1995,tins Council found and determined that ceitain areas located witlun the City are eligible and should be designated as an urban renewal area under Iowa law,and approved and adopted the Enterprise Business Park Urban Renewal Plan for the Enterprise Business Park Urban Renewal Plan Area (the Enterprise Business Park Urban Renewal Area");and WHEREAS,by Resolution No.04-272,adopted December 20,2004,this Council approved and adopted an Ainendment to consolidate the Hickman West Urban Renewal Area, Enterprise Business Park Urban Renewal Area,and the Waukee Urban Renewal Areas and add property as the Waukee Unified Urban Renewal Area;and WHEREAS,by Resolution Nos.11-80,11-224,12-251 and 2013-256,the Unified Plan was amended in 2011,2011,2012 and 2013,respectively;and WHEREAS,by Resolution No.13-257,adopted October 21,2013,this Council found and determined that ceitain areas located within the City are eligible and should be designated as an urban renewal area under Iowa law,and approved and adopted the Gateway Economic Development Urban Renewal Plan for the Gateway Economic Development Urban Renewal Plan Area (the "Gateway Economic Development Urban Renewal Area");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 notes and the right to petition for an election;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 $24,700,000,as authorized by Section 384.25,of the Code of Iowa,for the purpose of providing funds to pay costs of carrying out an essential corporate purpose project 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 &om any resident or property owner of the City to such action; NOW,THEREFORE,BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WAUKEE,STATE OF IOWA: Section 1.That this Council meet in the Council Chambers,City Hall,230 West Hickinan Road,Waukee,Iowa,at 5;30 o'clock P.M.,on the 20"day of October,2014,for the purpose of taking action on the matter of the issuance of not to exceed $24,700,000 General Obligation Urban Renewal Bonds,for essential corporate urban renewal purposes of the City,the proceeds of which bonds will be used to provide funds to pay costs of aiding in the plamung, 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 Waukee Unified Urban Renewal Area and the Gateway Economic Development Urban Renewal Area,including street,streetscape, sewer,storm sewer and water utility unprovements,and traffic signals for the Alice's Road extension,expansion,and interchange improvements. 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 the City 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 City 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 the bonds shall be in substantially the following form: 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 $24,700,000 GENERAL OBLIGATION URBAN RENEWAL BONDS (FOR ESSENTIAL CORPORATE URBAN RENEWAL PURPOSES)OF THE CITY,AND THE HEARING ON THE ISSUANCE THEREOF PUBLIC NOTICE is hereby given that the City of Waukee,State of Iowa,will hold a public hearing on the 20"day of October,2014,at S:30 o'clock P.M.,in the Council Chambers, City Hall,230 West Hickman Road,Waukee,Iowa,at winch meeting the Council proposes to take additional action for the issuance of not to exceed $24,700,000 General Obligation Urban Renewal Bonds„for essential corporate urban renewal purposes of said City,in order to provide funds to pay costs of aiding in the plamung,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 Waukee Unified Urban Renewal Area and the Gateway Economic Development 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. At any time before the date of the meeting,a petition,asking that the question of issuing such notes 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,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 tins meeting or at any adjournment thereof,take additional action for the issuance of bonds or will abandon the proposal to issue bonds. This notice is given by order of the City Council of the City of Waukee,State of Iowa,as provided by Sections 384.25 and 403.12 of the Code of Iowa. Dated this 6th day of October,2014. Rebecca D.Schuett City Clerk,City of Waukee,State of Iowa (End of Notice) PASSED AND APPROVED this 6'"day of October,2014. ol ATTEST: City Clerk ROLL CALL VOTE Shane Blanchard Brian Harrison Casey L.Harvey Shelly Hughes Rick Peterson AYE X X X X X NAY ABSENT ABSTAIN