HomeMy WebLinkAbout2021-01-18-I02A Bond_GO ECP_Set PHAGENDA ITEM:
CITY OF WAUKEE, IOWA
CITY COUNCIL MEETING COMMUNICATION
MEETING DATE: January 18, 2021
AGENDA ITEM:Consideration of approval of a resolution fixing date for a meeting on the
proposition to issue Not to Exceed $9,500,000 General Obligation Bonds
(For Essential Corporate Purposes)
FORMAT:Consent Agenda
SYNOPSIS INCLUDING PRO & CON: The proposed General Obligation Bonds will be
used to provide funds to pay the costs of opening, widening, extending,
grading, and draining of the right-of-way of streets, highways, avenues,
alleys and public grounds, and market places, and the removal and
replacement of dead or diseased trees thereon; the construction,
reconstruction, and repairing of any street improvements, bridges, grade
crossing separations and approaches; the acquisition, installation, and
repair of sidewalks, culverts, retaining walls, storm sewers, sanitary
sewers, water service lines, street lighting, and traffic control devices and
signage; settlement, adjustment, renewing, or extension of any part or all
of the legal indebtedness of a city, whether evidenced by bonds,
warrants, or judgments, or the funding or refunding of the same,
including the General Obligation Bonds, Series 2013B and General
Obligation Urban Renewal Bonds, Series 2013D.
FISCAL IMPACT INCLUDING COST/BENEFIT ANALYSIS: Not to exceed $9,500,000
COMMISSION/BOARD/COMMITTEE COMMENT:
STAFF REVIEW AND COMMENT:
RECOMMENDATION: Approve the resolution setting the public hearing date for February 1,
2021.
ATTACHMENTS: I. Proposed Resolution
PREPARED BY:Becky Schuett
REVIEWED BY:
PUBLIC NOTICE INFORMATION –
NAME OF PUBLICATION:
DATE OF PUBLICATION:
I2A
RESOLUTION 2021-
RESOLUTION FIXING DATE FOR A MEETING ON THE
PROPOSITION OF THE ISSUANCE OF NOT TO EXCEED
$9,500,000 GENERAL OBLIGATION BONDS OF THE CITY
OF WAUKEE, STATE OF IOWA (FOR ESSENTIAL
CORPORATE PURPOSES), AND PROVIDING FOR
PUBLICATION OF NOTICE THEREOF
WHEREAS, it is deemed necessary and advisable that the City of Waukee, State of Iowa,
should issue General Obligation Bonds, to the amount of not to exceed $9,500,000, as authorized
by Section 384.25, of the Code of Iowa, for the purpose of providing funds to pay costs of
carrying out essential corporate purpose project(s) 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 from any resident or property owner of the
City to such action.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF CITY OF
WAUKEE, STATE OF IOWA:
Section 1.That this Council meet in the Council Chambers, City Hall, 230 West
Hickman Road, Waukee, Iowa, at 5:30 P.M., on the 1st day of February, 2021, for the purpose of
taking action on the matter of the issuance of not to exceed $9,500,000 General Obligation
Bonds, for essential corporate purposes, the proceeds of which bonds will be used to provide
funds to pay the costs of opening, widening, extending, grading, and draining of the right-of-way
of streets, highways, avenues, alleys and public grounds, and market places, and the removal and
replacement of dead or diseased trees thereon; the construction, reconstruction, and repairing of
any street improvements, bridges, grade crossing separations and approaches; the acquisition,
installation, and repair of sidewalks, culverts, retaining walls, storm sewers, sanitary sewers,
water service lines, street lighting, and traffic control devices and signage; settlement,
adjustment, renewing, or extension of any part or all of the legal indebtedness of a city, whether
evidenced by bonds, warrants, or judgments, or the funding or refunding of the same, including
the General Obligation Bonds, Series 2013B and General Obligation Urban Renewal Bonds,
Series 2013D.
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
Chapter 384 of the 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 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 four 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 bonds shall be in substantially the
following form:
(To be published on or before: January 20, 2021)
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 $9,500,000
GENERAL OBLIGATION BONDS OF THE CITY (FOR
ESSENTIAL CORPORATE PURPOSES), AND THE HEARING
ON THE ISSUANCE THEREOF
PUBLIC NOTICE is hereby given that the City Council of the City of Waukee, State of
Iowa, will hold a public hearing on the 1st day of February, 2021, at 5:30 P.M., in the Council
Chambers, City Hall, 230 West Hickman Road, Waukee, Iowa. Due to public health concerns
related to COVID-19, as authorized by emergency proclamation of the Governor of the State of
Iowa, this meeting will be held electronically. Citizens may access the meeting by internet via
the following link: https://zoom.us/j/352651371 (Meeting ID: 352-651-371), or telephonically
via the following numbers: +1 646-558-8656 or +1 312-626-6799 or +1 301-715-8592
(Meeting ID: 352-651-371). Please check the posted agenda in advance of the February 1, 2021
meeting for any updates to the manner in which the public may access the hearing.
At this meeting the Council proposes to take additional action for the issuance of not to
exceed $9,500,000 General Obligation Bonds, for essential corporate purposes, to provide funds
to pay the costs of opening, widening, extending, grading, and draining of the right-of-way of
streets, highways, avenues, alleys and public grounds, and market places, and the removal and
replacement of dead or diseased trees thereon; the construction, reconstruction, and repairing of
any street improvements, bridges, grade crossing separations and approaches; the acquisition,
installation, and repair of sidewalks, culverts, retaining walls, storm sewers, sanitary sewers,
water service lines, street lighting, and traffic control devices and signage; settlement,
adjustment, renewing, or extension of any part or all of the legal indebtedness of a city, whether
evidenced by bonds, warrants, or judgments, or the funding or refunding of the same, including
the General Obligation Bonds, Series 2013B and General Obligation Urban Renewal Bonds,
Series 2013D.
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 the meeting or at any adjournment thereof, take
additional action for the issuance of the Bonds or will abandon the proposal to issue said Bonds.
This notice is given by order of the City Council of the City of Waukee, State of Iowa, as
provided by Section 384.25 of the Code of Iowa.
Dated this 18th day of January, 2021.
Rebecca D. Schuett
City Clerk, City of Waukee, State of Iowa
(End of Notice)
PASSED AND APPROVED this 18th day of January, 2021.
Mayor
ATTEST:
City Clerk