HomeMy WebLinkAbout2019-06-03-J01T Bond_2019A GO GCP_Set PHAGENDA ITEM: J1T
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 $200,000 General Obligation
Bonds of the City of Waukee, State of Iowa (for general 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 community signage.
FISCAL IMPACT INCLUDING COST/BENEFIT ANALYSIS: Not to exceed $200,000
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:
RESOLUTION 19-
RESOLUTION FIXING DATE FOR A MEETING ON THE
PROPOSITION OF THE ISSUANCE OF NOT TO EXCEED
$200,000 GENERAL OBLIGATION BONDS OF THE CITY OF
WAUKEE, STATE OF IOWA (FOR GENERAL 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 $200,000, as authorized
by Section 384.26, of the Code of Iowa, for the purpose of providing funds to pay costs of
carrying out general corporate purpose project(s) as hereinafter described; and
WHEREAS, the Issuer has a population of more than 5,000 but not more than 75,000,
and the Bonds for these purposes do not exceed $700,000; and
WHEREAS, before the Bonds may be issued, it is necessary to comply with the
provisions of Chapter 384 of the Code of Iowa, and to publish a notice of the proposal to issue
such Bonds and the right to petition for an election.
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 $200,000 General Obligation Bonds,
for general corporate purposes, the proceeds of which bonds will be used to provide funds to pay
the costs of community signage and shall bear interest at a rate not exceeding the maximum
specified in the attached notice.
Section 2.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 ten clear days nor more than twenty days before the date of the public meeting on
the issuance of the Bonds.
Section 3.The notice of the proposed action to issue bonds shall be in substantially the
following form:
(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 $200,000
GENERAL OBLIGATION BONDS OF THE CITY (FOR
GENERAL 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 $200,000 General Obligation
Bonds, for general corporate purposes, bearing interest at a rate of not to exceed nine (9) per
centum per annum, the Bonds to be issued to provide funds to pay the costs of community
signage.
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 atCity Hall during non-business hours, in the manner provided by Section
362.4 of the Code of Iowa, pursuant to the provisions of Section 384.26 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 Section 384.26 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)
PASSED AND APPROVED this 3rd day of June, 2019.
Mayor
ATTEST:
City Clerk