HomeMy WebLinkAbout2022-04-04 Resolution 2022-139_Set Public Hearing Date, Bonds, GO ECP-1RESOLUTION 2022-139
RESOLUTION FIXING DATE FOR A MEETING ON THE
PROPOSITION OF THE ISSUANCE OF NOT TO EXCEED
$18,500,000 GENERAL OBLIGATION BONDS (ECP-1) 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 $18,500,000, 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 18"' day of April, 2022, for the purpose of
taking action on the matter of the issuance of not to exceed $18,500,000 General Obligation
Bonds, for essential corporate purposes, the proceeds of which bonds will be used to provide
funds to pay the costs of 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 ol'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; settlement,
adjustment, renewing, or extension of any part or all of the legal indebtedness of a city, whether
evidenced by bonds, warrants, or judgments, or the funding or refunding of the same, whether or
not such indebtedness was created for a purpose for which general obligation bonds might have
been issued in the original instance, including refunding General Obligation Urban Renewal
Bonds, Series 2014.
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 Subchapter 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:
(To be published on or before: April 5, 2022)
NOTICE OF MEETING OF THE CITY COUNCIL OF TIIE
CITY OF WAUKEE, STATE OF IOWA, ON THE MATTER OF
THE PROPOSED ISSUANCE OF NOT TO EXCEED
$18,500,000 GENERAL OBLIGATION BONDS (ECP-1) 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 181h day of April, 2022, 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 $18,500,000 General
Obligation Bonds, for essential corporate purposes, to provide funds to pay the costs of 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 ol' sidewalks, culverts, retaining walls, storm sewers, sanitary sewers, water service
lines, street lighting, and traffic control devices and signage; settlement, adjustment, renewing, or
extension of any part or all of the legal indebtedness of a city, whether evidenced by bonds,
warrants, or judgments, or the funding or refunding of the same, whether or not such
indebtedness was created for a purpose for which general obligation bonds might have been
issued in the original instance, including refunding General Obligation Urban Renewal Bonds,
Series 2014.
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 41h day of April, 2022.
Rebecca D. Schuett
City Clerk, City of Waukee, State of Iowa
(End of Notice)
PASSED AND APPROVED this 4 h day of April, 2022.
Mayor
ATTEST:
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City Clerk
RESULTS OF VOTE: AYE NAY ABSENT ABSTAIN
Anna Bergman Pierce X
R. Charles Bottenberg X
Chris Crone X
Larry R. Lyon X
Ben Sinclair X