HomeMy WebLinkAbout2016-02-02-Resolutions 16-036_Bonds - Golf Course Equipment Lease Purchase Agr - Set PHRESOLUTION NO.16-036
RESOLUTION SETTING TIME AND DATE OF HEARING ON THK AUTHORIZATION
OF A LEASE PURCHASE AGREEMKNT IN THE AMOUNT OF NOT TO EXCEED $60,000
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 of not
to exceed $60,000,for the purpose of acquiring equipment for the City's golf course enterprise,as
authorized by Section 364.4 of the Code of Iowa;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,BK IT RESOLVED BY THK CITY COUNCIL OF THE CITY
OF WAUKKK,STATE OF IOWA:
Section 1.That the City Council,at a meeting to be held commencing at 5:30 o'clock P.M.on
February 16,2016,in Council Chambers,Waukee City Hall,230 W.Hickman Road,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 Lease
Purchase Agreement,and to be substantially in the following form:
To be published on or before Friday,February 5,2016
NOTICE OF MEETING OF THE CITY COUNCIL OF THE CITY OF
WAUKEE,STATE OF IOWA,ON THE PROPOSITION TO
AUTHORIZE NOT TO EXCEED $60,000 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 16'day of February,2016,at 5:30 o'clock P.M.,in the Council
Chambers,Waukee City Hall,230 W.Hickman Road,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 $60,000 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,
including the drop box at City Hall during non-business hours,in the manner provided by Section
362.4 of the City Code of Iowa.
Also,at the above meeting the City 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 this meeting or at any adjournment thereof,take additional action for
the authorization of the lease agreement or abandon the proposal.
This Notice is given by order of the Council of the City of Waukee,State of Iowa,as provided
by Sections 364.4 of the City Code of Iowa,as amended.
Dated this 2nd day of February,2016.
Rebecca D.Schuett
City Clerk of the City of Waukee,State of Iowa
(End of Notice)
Section 3.This resolution shall become effective upon its passage and approval as provided
by law.
PASSED AND APPROVED by the City Council this 2"day of February,2016.
Attest:
Mayor Pro Tem
City Clerk
ROLL CALL VOTE
Shane Blanchard
Brian Harrison
Shelly Hughes
Larry R.Lyon
Rick Peterson
AYE
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NAY ABSENT ABSTAIN
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