HomeMy WebLinkAbout2007-08-20-Resolutions 07-160_Bonds - GO Series 2007A - Additional ActionRESOLUTION 07-160
RESOLUTION INSTITUTING PROCEEDINGS TO TAKE
ADDITIONAL ACTION FOR THE AUTHORIZATION AND
ISSUANCE OF NOT TO EXCEED $7,000,000 GENERAL
OBLIGATION BONDS,SERIES 2007 A (URBAN RENEWAL)
WHEREAS,pursuant to notice published as required by law,this Conncil has held
a public meeting and hearing upon the proposal to institute proceedings for the issuance
of not to exceed $7,000,000 General Obligation Bonds,Series 2007 A (Urban Renewal),
for the purpose of paying costs of aiding in the planning,undertaking and carrying out of
urban renewal projects nnder the authority oflowa Code Chapter 403,including the
construction,reconstruction and repairing of street improvements,storm sewer
improvements,sidewalk improvements,landscaping improvements,installation of street
lighting and traffic signals,bike trail improvements and pedestrian nnderpass
improvements,and acquisition ofland within the Waukee Urban Renewal Area,and no
petition was filed calling for a referendum thereon.The following action is now
considered to be in the best interests of the City and residents thereof:
NOW,THEREFORE,BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF WAUKEE,IOWA:
Section 1.That pursuant to Sections 384.25 and 403.12 ofthe Code oflowa this
Council does hereby institute proceedings and take additional action for the authorization
and issuance in the manner required by law of not to exceed $7,000,000 General
Obligation Bonds,Series 2007A (Urban Renewal)for the foregoing purpose.
Section 2.That this Resolution be and does hereby serve as a declaration of
official intent under Treasury Regulation 1.150-2,because the City reasonably expects to
reimburse with the proceeds of the Bonds,all or a portion of original expenditures
incurred in connection with the above purpose.
PASSED AND APPROVED this 20th day of August 2007.
~~ayorPro Te
ATTEST:
City Cl
-1-
ROLL CALL VOTE
Donald L.Bailey,Jr.
Isaiah McGee
Jeff Mertz
Darlene Stanton
Mike Watts
AYE
X
X
X
NAY
-2-
ABSENT
X
X
1