HomeMy WebLinkAbout2021-02-01-H05 Bonds_GO ECP UR_PHAGENDA ITEM:
CITY OF WAUKEE, IOWA
CITY COUNCIL MEETING COMMUNICATION
MEETING DATE: February 1, 2021
AGENDA ITEM:On the issuance of Not to Exceed $35,000,000 General Obligation Urban
Renewal Bonds
FORMAT:Public Hearing
SYNOPSIS INCLUDING PRO & CON: The proposed General Obligation Bonds will be
used to provide funds to pay the costs of aiding in the planning,
undertaking and carrying out of urban renewal projects under the
authority of Iowa Code chapter 403 and the Urban Renewal Plans for the
Waukee Unified Urban Renewal Area, as amended, the Waukee
Consolidated Urban Renewal Area, as amended, and the North Waukee
Residential Urban Renewal Area, including 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; and the acquisition of any real estate needed for any of the
foregoing purposes.
FISCAL IMPACT INCLUDING COST/BENEFIT ANALYSIS: Not to exceed $35,000,000
COMMISSION/BOARD/COMMITTEE COMMENT:
STAFF REVIEW AND COMMENT:
RECOMMENDATION: Hold the public hearing.
ATTACHMENTS: I. Notice of Public Hearing
PREPARED BY:Becky Schuett
REVIEWED BY:
PUBLIC NOTICE INFORMATION –
NAME OF PUBLICATION: Des Moines Register
DATE OF PUBLICATION: 01/19/2021
H5
(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 $35,000,000
GENERAL OBLIGATION URBAN RENEWAL BONDS OF THE
CITY (FOR ESSENTIAL CORPORATE URBAN RENEWAL
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 October 19, 2020 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 $35,000,000 General Obligation Urban Renewal Bonds, for essential corporate urban renewal
purposes, to provide funds to pay the costs of aiding in the planning, undertaking and carrying out of
urban renewal projects under the authority of Iowa Code chapter 403 and the Urban Renewal Plans
for the Waukee Unified Urban Renewal Area, as amended, the Waukee Consolidated Urban Renewal
Area, as amended, and the North Waukee Residential Urban Renewal Area, including 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; and the acquisition of any real estate needed for any of the foregoing purposes.
At any time before the date of the meeting, a petition, asking that the question of issuing such
Bonds 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
Code of Iowa, pursuant to the provisions of Sections 384.24(3)(q), 384.25 and 403.12 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 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 Chapters 384 and 403 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)