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Home My WebLink AboutA003 - Proceedings from August 22, 1995 meeting t 1 Ames/419370-16/1st 1/2 N/I-Bonds Y 1 MINUTES TO SET DATE FOR HEARING ON ISSUANCE OF BONDS 419370-16 ,;OR Youvt Ames, Iowa August 22, 1995 The Council of the City of Ames, Iowa, met on August 22, 1995, at 7:00 o'clock P .m., at the Council Chambers, City Hall, in the City. The Mayor presided and the roll was called showing the following Council Members present and absent: Present: Brown, Campbell, Hoffman, Parks, Tedesco Absent: Wirth Council Member Parks introduced the resolution hereinafter next set out and moved its adoption, seconded by Council Member Brown : and after due consideration thereof by the Council, the Mayor put the question upon the adoption of said resolution, and the roll being called, the following named Council Members voted: Ayes: Brown, Campbell, Hoffman, Parks, Tedesco Nays: None Whereupon, the Mayor declared the said resolution duly adopted, as follows: -1- DORSEY& WHITNEY P.L.L.P.,ATTORNEYS,DES MOINES,IOWA Ames/419370-16/1st 1/2 N/I-Bonds RESOLUTION NO. 95-370 To fix a date of meeting at which it is proposed to take action for the issuance of not to exceed $4,500,000 General Obligation Corporate Purpose Bonds, Series 1995B WHEREAS, the City of Ames, Iowa (the "City"), proposes to issue not to exceed $4,500,000 General Obligation Corporate Purpose Bonds, Series 1995B (the "Bonds"), pursuant to the provisions of Division III of Chapter 384 of the Code of Iowa for the purpose of paying the cost, to that amount, of the construction of street, drainage and storm sewer improvements; and the acquisition of a fire truck aerial ladder, and it is necessary to fix a date of meeting of the Council at which it is proposed to take action for the issuance of the Bonds and to give notice thereof as required by such law; NOW, THEREFORE, It Is Resolved by the Council of the City of Ames, Iowa, as follows: Section 1. This Council shall meet on the 12th day of September, 1995, at the Council Chambers, City Hall, in the City, at 7:00 o'clock P .m., at which time and place proceedings will be instituted and action taken for the issuance of the Bonds. Section 2. The City Clerk is hereby directed to give notice of the proposed action for the issuance of the Bonds 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 four (4) nor more than twenty (20) days before the meeting, in a legal newspaper published at least once weekly, and of general circulation in the City. The notice shall be in substantially the following form: -2- DORSEY&WHITNEY P.L.L.P.,ATTORNEYS,DES MOINES,IOWA Ames/419370-16/1st 1/2 N/I-Bonds NOTICE OF PROPOSED ACTION TO INSTITUTE PROCEEDINGS FOR THE ISSUANCE OF NOT TO EXCEED $4,500,000 GENERAL OBLIGATION CORPORATE PURPOSE BONDS, SERIES 1995B The City Council of the City of Ames, Iowa, will meet on the 12th day of September, 1995, at the Council Chambers, City Hall, in the City, at o'clock m., for the purpose of instituting proceedings and taking action for the issuance of not to exceed $4,500,000 General Obligation Corporate Purpose Bonds, Series 1995B, for the purpose of paying the cost, to that extent, of the construction of street, drainage and storm sewer improvements; and the acquisition of a fire truck aerial ladder. The Bonds, when issued, will constitute general obligations of the City, payable from taxes levied upon all taxable property in the City. At such time and place the Council shall receive oral or written objections from any resident or property owner of the City. After receiving objections, the City may determine to issue the Bonds, 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 and pursuant to Section 384.25 of the Code of Iowa. Sandra L. Ryan City Clerk -3- DORSEY& WHITNEY P.L.L.P.,ATTORNEYS,DES MOINES,IOWA Ames/419370-16/1st 1/2 N/[-Bonds Section 3. All resolutions or parts of resolutions in conflict herewith be and the same are hereby repealed to the extent of such conflict. Passed and approved August 22, 1995. Mayor Attest: City Clerk -4- DORSEY& WHITNEY P.L.L.P.,ATTORNEYS,DES MOINES,IOWA Ames/419370-16/1st 1/2 N/I-Bonds On motion and vote, the meeting adjourned. Mayor Attest: City Clerk -5- DORSEY& WHITNEY P.L.L.P.,ATTORNEYS,DES MOINES,IOWA Ames/419370-16/1 st 1/2 N/1-Bonds STATE OF IOWA COUNTY OF STORY SS: CITY OF AMES I, the undersigned, Clerk of the aforementioned City, do hereby certify that attached hereto is a true and correct copy of the proceedings of the Council of the City relating to the fixing of a date for the initiation of the issuance of not to exceed $4,500,000 General Obligation Corporate Purpose Bonds, Series 1995B. WITNESS MY HAND and the seal of the City hereto affixed this 22nd day of August 1995. �. City Clerk (Seal) -6- DORSEY& WHITNEY P.L.L.P.,ATTORNEYS,DES MOINES,IOWA Ames/419370-16/1st 1/2 N/I-Bonds STATE OF IOWA COUNTY OF STORY SS: CITY OF AMES I, the undersigned, Clerk of the aforementioned City, do hereby certify that the aggregate General Obligation indebtedness of the City, of every kind and nature (excluding the current issue) evidenced by bonds and/or loan agreement notes, as set forth in Schedule A, is (1) $ 31,190,000 , and as evidenced by other obligations, as set forth in Schedule B, is (2) $ none , and that the City currently has urban renewal tax increment revenue obligations outstanding in the total aggregate principal amount of (3) $ none as set forth in Schedule C. (1) Insert amount of General Obligation Debt represented by general obligation bonds and/or loan agreement notes (2) Insert amount of other obligations (3) Insert amount of urban renewal tax increment revenue bonds SCHEDULE A (BOND/LOAN AGREEMENT NOTE DEBT) Date of Maturity Issue Type Amount Date (List annual principal payments) 10/01/79 Corporate $ 500,000 June 1, 1996 Purpose $ 200,000 1997 $ 200,000 1998 $ 200,000 1999 $1,100,000 05/01/87 Corporate $ 50,000 December 1, 1995 Purpose $ 50,000 1996 $ 50,000 1997 $ 50,000 1998 $ 50,000 1999 $ 50,000 2000 $ 50,000 2001 $ 50,000 2002 $ 400,000 01/01/89 Sewer $ 225,000 June 1, 1996 Improvement -7- DORSEY&WHITNEY P.L.L.P.,ATTORNEYS,DES MOINES,IOWA Ames/419370-16/1st 1/2 N/I-Bonds SCHEDULE A (BOND/LOAN AGREEMENT NOTE DEBT) - CONTINUED Date of Maturity Issue Type Amount Date (List annual principal payments) 05/01/91 Refunding Bonds $ 420,000 June 1, 1996 $ 400,000 1997 $ 385,000 1998 $1,205,000 $5,610,000 General Obligation Corporate Purpose Bonds Dated June 1, 1992 Maturing Principal Interest Rate Maturing Principal Interest Rate June 1 Amount Per Annum Tune 1 Amount Per Annum 1996 $610,000 5.40% 2001 $625,000 5.65% 1997 $625,000 5.40% 2002 $625,000 5.75% 1998 $625,000 5.40% 2003 $625,000 5.80% 1999 $625,000 5.45% 2004 $625,000 5.90% 2000 $625,000 5.60% $7,665,000 General Obligation Refunding Bonds Dated February 15, 1993 Maturing Principal Interest Rate Maturing Principal Interest Rate June 1 Amount Per Annum June 1 Amount Per Annum 1996 $285,000 4.70% 2003 $765,000 5% 1997 $705,000 4.75% 2004 $780,000 5% 1998 $720,000 4.75% 2005 $380,000 5% 1999 $715,000 4.75% 2006 $370,000 5.10% 2000 $730,000 4.75% 2007 $365,000 5.10% 2001 $740,000 4.80% 2008 $355,000 5.10% 2002 $755,000 4.90% -8- DORSEY& WHITNEY P.L.L.P.,ATTORNEYS,DES MOINES,IOWA Ames/419370-16/1st 1/2 N/I-Bonds SCHEDULE A (BOND/LOAN AGREEMENT NOTE DEBT) - CONTINUED $3,105,000 General Obligation Corporate Purpose Bonds, Series 1994A Dated January 1, 1994 Maturing Principal Interest Rate Maturing Principal Interest Rate Tune 1 Amount Per Annum June 1 Amount Per Annum 1996 $420,000 4% 2001 $290,000 4% 1997 $415,000 4% 2002 $290,000 4% 1998 $410,000 4% 2003 $290,000 4.10% 1999 $410,000 4% 2004 $290,000 4.10% 2000 $290,000 4% $1,845,000 General Obligation Corporate Purpose Bonds, Series 1994B Dated October 1, 1994 Maturing Principal Interest Rate Maturing Principal Interest Rate Tune 1 Amount Per Annum June 1 Amount Per Annum 1996 $170,000 4.25% 2002 $165,000 5.20% 1997 $170,000 4.50% 2003 $165,000 5.30% 1998 $170,000 4.75% 2004 $165,000 5.40% 1999 $170,000 4.85% 2005 $165,000 5.40% 2000 $170,000 5% 2006 $165,000 5.50% 2001 $170,000 5.10% $10,035,000 General Obligation Corporate Purpose Bonds, Series 1995 Dated May 1, 1995 Maturing Principal Interest Rate Maturing Principal Interest Rate Tune 1 Amount Per Annum Tune 1 Amount Per Annum 1996 $715,000 4.85% 2004 $720,000 5.10% 1997 $715,000 4.90% 2005 $720,000 5.20% 1998 $715,000 5% 2006 $720,000 5.25% 1999 $715,000 5% 2007 $720,000 5.25% 2000 $715,000 5% 2008 $480,000 5.25% 2001 $715,000 5% 2009 $475,000 5.25% 2002 $715,000 5% 2010 $475,000 5.25% 2003 $720,000 5.10% (Please list here or attach a separate maturity schedule for any her outstanding issues of general obligation bonds and/or loan agreement notes.) -9- DORSEY&WHITNEY P.L.L.P.,ATTORNEYS,DES MOINES,IOWA • Ames/419370-16/1st 1/2 N/I-Bonds SCHEDULE B (OTHER GENERAL OBLIGATIONS) Tyne of General Obligation Amount (Here list any other obligations of the City which extend beyond the end of the current fiscal year, such as long-term leases, installment sales contracts, etc. If there are none, please insert the word "none". Please consult with either our office or Evensen Dodge. Inc. before completing this section.) none SCHEDULE C (URBAN RENEWAL TAX INCREMENT REVENUE OBLIGATIONS) Principal Amount Date Name of Issue Outstanding_ (Please list here or attach a separate maturity schedule for any outstanding urban renewal tax increment revenue obligations.) none WITNESS MY HAND and the seal of the City hereto affixed this 22nd day of Aucrust 1995. L �. City Clerk (Seal) -10- DORSEY&WHITNEY P.L.L.P.,ATTORNEYS,DES MOINES,IOWA ` Ames/419370-16/1st 1/2 N/I-Bonds STATE OF IOWA COUNTY OF STORY SS: CITY OF AMES I, the undersigned, Clerk of the aforementioned City, do hereby certify that pursuant to the resolution of its Council fixing a date of meeting at which it is proposed to take action for the issuance of not to exceed $4,500,000 General Obligation Corporate Purpose Bonds, Series 1995B, the notice, of which the printed slip attached to the publisher's affidavit hereto attached is a true and complete copy, was published on the date and in the newspaper specified in such affidavit, which newspaper has a general circulation in the City. WITNESS MY HAND and the seal of the City hereto affixed this day of ()-T 1995. City Clerk (Seal) (Attach here publisher's original affidavit with a clipping of the notice as published.) (PLEASE NOTE: Do not sign and date this certificate until you have checked a copy of the published notice and have verified that it was published on the date indicated in the publisher's affidavit.) -11- DORSEY& WHITNEY P.L.L.P.,ATTORNEYS,DES MOINES,IOWA + i Proof of Publication in DAILY TRIBUNE ------------------------------------------------------ ------------------------------------------------------ LEGAL NOTICE STATE OF IOWA,STORY COUNTY,SS. NOTICE OF PROPOSED ACTION TO INSTITUTE PROCEEDINGS FOR THE ISSUANCE OF NOT TO EXCEED $4,500,000 GENERAL I,Craig McMullin/Joan Rost,on oath depose CORPORATE PURPOSE BONDS OBLIGATION SERIES 1995E and say that I am President/Controller The City Council of the City of Ames, Iowa, will meet on the 12th day of September, of DAILY TRIBUNE,a daily newspaper,printed 1995, at the Council Chambers, Ames City at Ames,Story County,Iowa;that the annexed Hall, 515 Clark, in the City, at 7:00 p.m., for the printed taking Se of instituting action for theissuance Ceof proceedings to exceed $4,500,000 General Obligation Corporate CITY OF AMES Purpose Bonds, Series 1995B, for the purpose of paying the cost, to that extent, of NOTICE OF PROPOSED ACTION TO INSTITUTE PROCEEDINGS the r improvements; of street, drainage and storm sewer improvements; and the acquisition of a FOR THE ISSUANCE OF CORPORATE BONDS fire truck aerial ladder. The Bonds, when issued, will constitute general obligations of the City, payable from was published in said newspaper for 1 taxes levied upon all taxable property in the consecutive weeks city. At such time and place the Council shall and the last of said publication was on the receive oral or written objections from any 1st day f September, 1995 resident or property owner of the City. After y o P receiving objections, the City may determine to issue the Bonds, 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 and pursuant to Section 384.25 of the Code of Iowa. e Sandra L. Ryan, City Clerk ✓ Published in The Daily Tribune September 1, Sworn to befor a and subscribed in my 1995. presence by Craig McMullin/Joan Rost this 11 th day of September, 1995 \ ' Notary Public U) in and for the State of Iowa 119AAt S FEES,$11.10 °NO:28324 TIFFA,IaIY A. WALK R AMES05 own