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Home My WebLink About2018-04-02-H11 Bond_Water Revenue_PHAGENDA ITEM: CITY OF WAUKEE, IOWA CITY COUNCIL MEETING COMMUNICATION MEETING DATE: April 2, 2018 AGENDA ITEM:On the issuance of not to exceed $4,000,000 Water Revenue Bonds FORMAT:Public Hearing SYNOPSIS INCLUDING PRO & CON: The proposed General Obligation Bonds will be used to finance the costs of improvements and extension of the City’s water utility. FISCAL IMPACT INCLUDING COST/BENEFIT ANALYSIS: Not to exceed $4,000,000 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: 03/20/2018 H11 (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 $4,000,000 WATER REVENUE BONDS OF THE CITY, 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 $4,000,000 Water Revenue Bonds, of the City. The bonds will not constitute general obligations or be payable in any manner by taxation, but will be payable from and secured by the Net Revenues of the Municipal Water Utility. The bonds are proposed to be issued for the purpose of paying costs of improvements and extension to the City’s municipal water utility. 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 take such other action as it may deem appropriate. This notice is given by order of the City Council of the City of Waukee, State of Iowa, as provided by Chapter 384 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)