HomeMy WebLinkAbout1999-02-01-Resolutions 99-07_Bonds - GO Loan Agr - Set PHRESOLUTION NO.99-07
TO FIX A DATE FOR PUBLIC HEARING ON LOAN AGREEMENTS
WHEREAS,the City of Waukee,in the County of Dallas,State of Iowa (the "City"),
proposes to enter into a general obligation loan agreement (the "General Obligation Loan
Agreement")in a principal amount not to exceed $2,500,000 pursuant to the provisions of
Section 384.24A of the Code ofIowa for the purpose of paying the cost,to that extent,of
the construction of certain street and sanitary sewer improvements,including the
refunding of outstanding Warrants previously issued by the City to pay costs in
connection therewith;and the acquisition of fire department and emergency warning
equipment,and it is necessary to fix a date of meeting of the Council at which it is
proposed to take action to enter into the General Obligation Loan Agreement and to give
notice thereof as required by such law;and
WHEREAS,heretofore and in strict compliance with the provisions of Chapter 384 of
the Code of Iowa,the City confirmed and levied special assessments on various lots and
tracts of land within the City by reason of its University Avenue Trunk Sewer Project
(hereinafter referred to as the "Sewer Project"),such assessments totaling the sum of
$927,210.34,of which amount there are assessments totaling $329,082.61 which are
currently outstanding;and
WHEREAS,the City proposes to enter into a loan agreement (the "Special Assessment
Sewer Loan Agreement")in the principal amount of $297,000 pursuant to the provisions
of Section 384.24A of the Code ofIowa for the purpose of paying the cost,to that extent,
of the Sewer Project,including the refunding of outstanding Warrants previously issued
by the City to pay costs in connection therewith,and it is necessary to fix a date of
meeting of the Council at which it is proposed to take action to enter into the Special
Assessment Sewer Loan Agreement and to give notice thereof as required by such law;
and
]
WHEREAS,heretofore and in strict compliance with the provisions of Chapter 384 of
the Code ofIowa,the City confirmed and levied special assessments on various lots and
tracts of land within the City by reason of its 1997 Street Improvements and Cherry
Street Improvements Project (hereinafter referred to as the "Street Project"),such
assessments totaling the sum of $193,807.06,of which amount there are assessments
totaling $114,375.25 which are currently outstanding;and
WHEREAS,the City proposes to enter into a loan agreement (the "Special Assessment
Street Loan Agreement")in the principal amount of $103,000 pursuant to the provisions
of Section 384.24A of the Code ofIowa for the purpose of paying the cost,to that extent,
of the Street Project,including the refunding of outstanding Warrants previously issued
by the City to pay costs in connection therewith,and it is necessary to fix a date of
meeting of the Council at which it is proposed to take action to enter into the Special
Assessment Street Loan Agreement and to give notice thereof as required by such law;I
NOW,THEREFORE,Be It Resolved by the City Council of the City of Waukee,Iowa,
as follows:
Section 1.This Council shall meet on the 15th day of February,1999,at the City
Hall,in the City,at 7:00 o'clock p.ll.,at which time and place a hearing
will be hel d and proceedings will be instituted and action taken to enter
into the General Obligation Loan Agreement,the Special Assessment
Sewer Loan Agreement and the Special Assessment Street Loan
Agreement (hereinafter sometimes referred to collectively as the "Loan
Agreements").
Section 2.The City Clerk is hereby directed to give notice of the proposed action on
each of the Loan Agreements setting forth the amount and purpose
thereof,the time when and place where the said meeting will be held by
publication at least once and not less than 4 nor more than 20 days before
the meeting,in a legal newspaper which has a general circulation in the
City.The notices shall be in substantially the following form:
NOTICE OF PROPOSED ACTION TO INSTITUTE
PROCEEDINGS TO ENTER INTO A GENERAL OBLIGATION
LOAN AGREEMENT AND BORROW MONEY IN A PRINCIPAL
AMOUNT NOT TO EXCEED $2,500,000
(GENERAL OBLIGATION)
The City Council of the City of Waukee,Iowa,will meet on the 15th day of February,
1999,at the City Hall,in the City,at 7:00 o'clock p.m.,for the purpose of instituting
proceedings and taking action to enter into a general obligation loan agreement (the
"General Obligation Loan Agreement")and borrow money in a principal amount not to
exceed $2,500,000 for the purpose of paying the cost,to that extent,of the construction
of certain street and sanitary sewer improvements,including the refunding of outstanding
Warrants previously issued by the City to pay costs in connection therewith;and the
acquisition of fire department and emergency warning equipment.
The General Obligation Loan Agreement is proposed to be entered into pursuant to
authority contained in Section 384.24A of the Code ofIowa and will constitute a general
obligation of the City.
At the aforementioned time and place,oral or written objections may be filed or made to
the proposal to enter into the General Obligation Loan Agreement.After receiving
objections,the City may determine to enter into the General Obligation Loan Agreement,
in which case,the decision will be final unless appealed to the District Court within
fifteen (15)days thereafter.
By order of the City Council of the City of Waukee,Iowa.
Greg Fetterman
City Clerk I
NOTICE OF PROPOSED ACTION TO INSTITUTE
PROCEEDINGS TO ENTER INTO A SANITARY SEWER LOAN
AGREEMENT AND BORROW MONEY IN THE PRINCIPAL
AMOUNT OF $297,000
(SPECIAL ASSESS:MENT SANITARY SEWER)
The City Council of the City of Waukee,Iowa,will meet on the 15th day of February,
1999,at the City Hall,in the City,at 7:00 o'clock p.rn.,for the purpose of instituting
proceedings and taking action to enter into a loan agreement (the "Special Assessment
Sewer Loan Agreement")and borrow money in the principal amount of $297,000 for the
purpose of paying the cost,to that extent,of constructing the City's University Avenue
Trunk Sewer Project (the "Sewer Project"),including the refunding of outstanding
Warrants previously issued by the City to pay costs in connection therewith.
The Special Assessment Sewer Loan Agreement will not constitute a general obligation
of the City,nor will it be payable in any manner by taxation,but will be secured by
special assessments outstanding and unpaid in the total amount of $329,082.61,which
were levied against property benefited by the Sewer Project.)The Special Assessment Sewer Loan Agreement is proposed to be entered into pursuant
to authority contained in Section 384.24A of the Code of Iowa,and at the aforementioned
time and place,oral or written objections may be filed or made to the proposal to enter
into the Special Assessment Sewer Loan Agreement.After receiving objections,the City
may determine to enter into the Special Assessment Sewer Loan Agreement,in which
case,the decision will be final unless appealed to the District Court within fifteen (15)
days thereafter.
By order ofthe City Council of the City of Waukee,Iowa.
Greg Fetterman
City Clerk
NOTICE OF PROPOSED ACTION TO INSTITUTE PROCEEDINGS TO ENTER
INTO A STREET IMPROVEMENTS LOAN AGREEMENT AND BORROW
MONEY IN THE PRINCIPAL AMOUNT OF $103,000
(SPECIAL ASSESS:MENT STREET IMPROVE:MENT)ITheCityCounciloftheCityofWaukee,Iowa,will meet on the 15th day of February,
1999,at the City Hall,in the City,at 7:00 o'clock p.rn.,for the purpose of instituting
proceedings and taking action to enter into a loan agreement (the "Special Assessment
Street Loan Agreement")and borrow money in the principal amount of $103,000 for the
purpose of paying the cost,to that extent,of constructing the City's 1997 Street
Improvements and Cherry Street Improvements Project (the"Street Project"),including
the refunding of outstanding Warrants previously issued by the City to pay costs in
connection therewith.
The Special Assessment Street Loan Agreement will not constitute a general obligation
of the City,nor will it be payable in any manner by taxation,but will be secured by
special assessments outstanding and unpaid in the total amount of $114,375.25,which
were levied against property benefited by the Street Project.
The Special Assessment Street Loan Agreement is proposed to be entered into pursuant
to authority contained in Section 384.24A of the Code of Iowa,and at the aforementioned
time and place,oral or written objections may be filed or made to the proposal to enter
into the Special Assessment Street Loan Agreement.After receiving objections,the City
may determine to enter into the Special Assessment Street Loan Agreement,in which
case,the decision will be final unless appealed to the District Court within fifteen (15)
days thereafter.
By order of the City Council of the City of Waukee,Iowa.
Greg Fetterman
City Clerk
Section 3.All resolutions or parts of resolutions in conflict herewith are hereby
repealed to the extent of such conflict.
Passed and approved February 1,191k99.~
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onaid L.Bailey,rr.,Mayor tl
ROLL CALL VOTE
Nicholas C.Gruber
Marvin Berger
Robyn S.Heath
Bill Peard
Larry Lyon
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