HomeMy WebLinkAbout2018-04-02-H10 Bond_GO ECP-UR1_PHAGENDA ITEM:
CITY OF WAUKEE, IOWA
CITY COUNCIL MEETING COMMUNICATION
MEETING DATE: April 2, 2018
AGENDA ITEM:On the issuance of not to exceed $13,200,000 General Obligation Urban
Renewal Bonds (ECP/UR-1)
FORMAT:Public Hearing
SYNOPSIS INCLUDING PRO & CON: The proposed General Obligation Bonds will be
used to finance the costs of aiding in the planning, undertaking and
carrying out of urban renewal projects, including Alice’s Road and
Kettlestone improvements.
FISCAL IMPACT INCLUDING COST/BENEFIT ANALYSIS: Not to exceed $13,200,000
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: 03/20/2018
H10
(To be published on or before: March 20, 2018)
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
$13,200,000 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 2nd day of April, 2018, 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 $13,200,000 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 Plan for the
Gateway Economic Development Urban Renewal Area, including street, streetscape, lighting,
traffic signals, street signage, and trail improvements for the Alice's Road extension and
developer incentives and improvements within the Kettlestone Master Plan, with related site
improvements.
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 19th day of March, 2018.
Rebecca D. Schuett
City Clerk, City of Waukee, State of Iowa
(End of Notice)