HomeMy WebLinkAbout2015-06-01-Resolutions 15-160_Bonds - Golf Course Revenue Refunding CLN - Additional ActionRESOLUTION 15-160
RESOLUTION INSTITUTING PROCEEDINGS TO TAKE
ADDITIONAL ACTION FOR THE AUTHORIZATION OF A
LOAN AGREEMENT AND THE ISSUANCE OF NOT TO
EXCEED $600,000 GOLF COURSE REVENUE REFUNDING
CAPITAL LOAN NOTES
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 authorization of a
Loan Agreement and the issuance of not to exceed $600,000 Golf Course Revenue Refunding
Capital Loan Notes,for the purpose of paying costs of adjusting,extending and refunding
existing Golf Course Revenue indebtedness including the $815,000 Golf Course Revenue Note,
Series 2010,and has considered the extent of objections received from residents or property
owners as to the proposal and,accordingly 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 CITY COUNCIL OF THE CITY
OF WAUKEE,STATE OF IOWA:
Section 1.That this Council does hereby institute proceedings and take additional action
for the authorization of a Loan Agreement and issuance in the manner required by law of Not to
exceed $600,000 Golf Course Revenue Refunding Capital Loan Notes,for the foregoing
purpose.
Section 2.The Clerk is authorized and directed to proceed on behalf of the City with the
sale of said Notes,to select the principal amount of Notes to be sold and a date for the sale
thereof,to cause to be prepared such sale information as may appear appropriate,to distribute the
same on behalf of the City and this Council and otherwise to take all action necessary to permit
the sale of said Bonds on a basis favorable to the City and acceptable to the Council.
PASSED AND APPROVED this 1"day of June,2015.
a or
ATTEST:
City Clerk
ROLL CALL VOTE
Shane Blanchard
Brian Harrison
Casey L.Harvey
Shelly Hughes
Rick Peterson
AYE
X
X
NAY ABSENT ABSTAIN