HomeMy WebLinkAbout2019-06-03-J01S Bond_2019A GO ECP_Set PHAGENDA ITEM: J1S
CITY OF WAUKEE, IOWA
CITY COUNCIL MEETING COMMUNICATION
MEETING DATE: June 3, 2019
AGENDA ITEM:Consideration of approval of a resolution fixing date for a meeting on the
proposition of the issuance of not to exceed $2,450,000 General
Obligation Bonds of the City of Waukee, State of Iowa (for essential
corporate purposes), and providing for publication of notice thereof
FORMAT:Consent Agenda
SYNOPSIS INCLUDING PRO & CON: The proposed General Obligation Bonds will be
used to provide funds to pay the costs of street, sidewalk, trail and street
lighting improvements, with related utility improvements.
FISCAL IMPACT INCLUDING COST/BENEFIT ANALYSIS: Not to exceed $2,450,000
COMMISSION/BOARD/COMMITTEE COMMENT:
STAFF REVIEW AND COMMENT:
RECOMMENDATION: Approve the resolution setting the public hearing date for June 17,
2019.
ATTACHMENTS: I. Proposed Resolution
PREPARED BY:Becky Schuett
REVIEWED BY:
PUBLIC NOTICE INFORMATION –
NAME OF PUBLICATION:
DATE OF PUBLICATION:
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RESOLUTION 19-
RESOLUTION FIXING DATE FOR A MEETING ON THE
PROPOSITION OF THE ISSUANCE OF NOT TO EXCEED
$2,450,000 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 $2,450,000, 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 17th day of June, 2019, for the purpose of
taking action on the matter of the issuance of not to exceed $2,450,000 General Obligation
Bonds, for essential corporate purposes, the proceeds of which bonds will be used to provide
funds to pay the costs of street, sidewalk, trail and street lighting improvements, with related
utility 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
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:
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(To be published on or before: June 4, 2019)
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 $2,450,000
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 17th day of June, 2019, at 5:30 P.M., in the Council
Chambers, City Hall, 230 West Hickman Road, Waukee, Iowa, at which meeting the Council
proposes to take additional action for the issuance of not to exceed $2,450,000 General
Obligation Bonds, for essential corporate purposes, to provide funds to pay the costs of street,
sidewalk, trail and street lighting improvements, with related utility improvements.
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 4th day of June, 2019.
Rebecca D. Schuett
City Clerk, City of Waukee, State of Iowa
(End of Notice)
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PASSED AND APPROVED this 3rd day of June, 2019.
Mayor
ATTEST:
City Clerk