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Home My WebLink AboutA004 - Proceedings from April 27, 1999 meeting utt Ames/419370-21/1st A N/1 MINUTES TO SET DATE FOR HEARING ON ISSUANCE OF BONDS 419370-21 Ames, Iowa April 27, 1999 The Council of the City of Ames, Iowa, met on April 27, 1999, at seven o'clock P .m., at the CitY Council Chambers , iu the City. The Mayor presided and the roll was called showing the following Council Members present and absent: Present: Cross, Hoffman, Parks, Quirmbach, Wirth Absent: Campbell Council Member Hoffman introduced the resolution hereinafter next set out and moved its adoption, seconded by Council Member Cross ; 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: Cross, Hoffman, Parks, Quirmbach, Wirth Nays: None Whereupon, the Mayor declared the said resolution duly adopted, as follows: 1 G- L L� Ames/419370-21/Ist'/x N/I RESOLUTION NO. 99-129 Fixing a date of meeting at which it is proposed to take action for the issuance of $4,045,000 General Obligation Corporate Purpose Bonds WHEREAS, the City of Ames, Iowa (the "City"), proposes to issue $4,045,000 General Obligation Corporate Purpose Bonds (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 constructing certain street and storm sewer improvements, 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 IIth day of May, 1999, at the City Council Chambers , in the City, at seven 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 nor more than twenty 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: Ames/419370-21/1st�/2 N/1 NOTICE OF PROPOSED ACTION TO INSTITUTE PROCEEDINGS FOR THE ISSUANCE OF$4,045,000 GENERAL OBLIGATION Corporate Purpose BONDS The City Council of the City of Ames, Iowa,will meet on the 11 th day of May, 1999, at the City Council Chambers , in the City, at seven o'clock P.m., for the purpose of instituting proceedings and taking action for the issuance of $4,045,000 General Obligation Corporate Purpose Bonds for the purpose of paying the cost, to that extent, of constructing certain street and storm sewer improvements. 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. Diane R. Voss City Clerk Ames/419370-21/lst'/x N/I Section 3. All resolutions or parts of resolutions in conflict herewith are hereby repealed to the extent of such conflict. Passed and approved April 27, 1999. l V4 Mayor Attest: City Clerk Ames/419370-21/1st'/:N/I On motion and vote, the meeting adjourned. Mayor Attest: City Clerk Ames/419370-21/1st''/2 N/I 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 sale and issuance of $4,045,000 General Obligation Corporate Purpose Bonds. WITNESS MY HAND and the seal of the City hereto affixed this 27th day of April , 1999. City Clerk (Seal) Ames/419370-21/1st V2 NA STATE OF IOWA COUNTY OF Story SS: CITY OF Ames I,the undersigned City Clerk,do hereby certify that the aforementioned City is organized and operating under the provisions of Title IX of the Code of Iowa and not under any special charter and that such City is operating under the Mayor-Council form of government and that there is not pending or threatened any question or litigation whatsoever touching the incorporation of the City, the inclusion of any territory within its limits or the incumbency in office of any of the officials hereinafter named. And I do further certify that the following named parties are officials of the City as indicated: Ted Tedesco , Mayor Steven L. Schainker , Manager Alice Carroll , Finance Officer Diane Voss , Clerk Sherry Meier , Treasurer Ann Campbell , Council Member Russell Cross , Council Member Judie Hoffman , Council Member John Parks , Council Member Herman Quirmbach , Council Member Sharon Wirth , Council Member And I do further certify that the City has provided for the office of Treasurer, and the Council has selected the Treasurer aforementioned. WITNESS MY HAND and the seal of the City hereto affixed this 27th day of April , 1999. CALav�) R - City Clerk (Seal) Ames/419370-21/lst'/2 N/I STATE OF IOWA COUNTY OF STORY SS: CITY OF AMES I, the undersigned, Clerk of the aforementioned City, do hereby certify that as of June 1, 1999, the City will have outstanding the following General Obligation indebtedness, of every kind and nature (excluding the current issue), and urban renewal tax increment revenue obligations: SCHEDULE A (BOND/LOAN AGREEMENT NOTE DEBT) Date of Maturity Issue Type Amount Date (List annual principal payments) 05/01/87 Corporate $ 50,000 December 1, 1999 Purpose $ 50,000 2000 $ 50,000 2001 $ 50,000 2002 $ 200,000 $5,240,000 General Obligation Refunding Bonds Dated February 15, 1993 Due Principal Interest Rate Due Principal Interest Rate June 1 Amount Per Annum June 1 Amount Per Annum 2000 $730,000 4.75% 2005 $380,000 5% 2001 $740,000 4.80% 2006 $370,000 5.10% 2002 $755,000 4.90% 2007 $365,000 5.10% 2003 $765,000 5% 2008 $355,000 5.10% 2004 $780,000 5% $1,450,000 General Obligation Corporate Purpose Bonds, Series 1994A Dated January 1, 1994 Due Principal Interest Rate Due Principal Interest Rate June 1 Amount Per Annum June 1 Amount Per Annum 2000 $290,000 4% 2003 $290,000 4.10% 2001 $290,000 4% 2004 $290,000 4.10% 2002 $290,000 4% 1 Ames/419370-21/1 st'/2 N/1 SCHEDULE A (BOND/LOAN AGREEMENT NOTE DEBT) - CONTINUED $1,165,000 General Obligation Corporate Purpose Bonds, Series 1994B Dated October 1, 1994 Due Principal Interest Rate Due Principal Interest Rate June 1 Amount Per Annum June 1 Amount Per Annum 2000 $170,000 5% 2004 $165,000 5.40% 2001 $170,000 5.10% 2005 $165,000 5.40% 2002 $165,000 5.20% 2006 $165,000 5.50% 2003 $165,000 5.30% $7,175,000 General Obligation Corporate Purpose Bonds, Series 1995A Dated May 1, 1995 Due Principal Interest Rate Due Principal Interest Rate June 1 Amount Per Annum June 1 Amount Per Annum 2000 $715,000 5% 2006 $720,000 5.25% 2001 $715,000 5% 2007 $720,000 5.25% 2002 $715,000 5% 2008 $480,000 5.25% 2003 $720,000 5.10% 2009 $475,000 5.25% 2004 $720,000 5.10% 2010 $475,000 5.25% 2005 $720,000 5.20% $2,800,000 General Obligation Corporate Purpose Bonds, Series 1995B Dated October 1, 1995 Due Principal Interest Rate Due Principal Interest Rate June 1 Amount Per Annum June 1 Amount Per Annum 2000 $350,000 4.60% 2004 $350,000 4.60% 2001 $350,000 4.60% 2005 $350,000 4.60% 2002 $350,000 4.60% 2006 $350,000 4.70% 2003 $350,000 4.60% 2007 $350,000 4.80% Ames/419370-21/1st'/:N/1 SCHEDULE A (BOND/LOAN AGREEMENT NOTE DEBT) - CONTINUED $4,500,000 General Obligation Corporate Purpose Bonds, Series 1997A Dated June 1, 1997 Due Principal Interest Rate Due Principal Interest Rate June 1 Amount Per Annum June 1 Amount Per Annum 2000 $450,000 4.60% 2005 $450,000 4.60% 2001 $450,000 4.60% 2006 $450,000 4.60% 2002 $450,000 4.60% 2007 $450,000 4.60% 2003 $450,000 4.60% 2008 $450,000 4.60% 2004 $450,000 4.60% 2009 $450,000 4.60% $4,700,000 General Obligation Corporate Purpose Bonds, Series 1998A Dated June 15, 1998 Due Principal Interest Rate Due Principal Interest Rate June 1 Amount Per Annum June 1 Amount Per Annum 2000 $430,000 4.15% 2006 $425,000 4.20% 2001 $430,000 4.20% 2007 $425,000 4.20% 2002 $430,000 4.20% 2008 $425,000 4.20% 2003 $430,000 4.20% 2009 $425,000 4.25% 2004 $430,000 4.20% 2010 $425,000 4.25% 2005 $425,000 4.20% $3,205,000 General Obligation Refunding Bonds, Series 1998B Dated December 1, 1998 Due Principal Interest Rate Due Principal Interest Rate June 1 Amount Per Annum June 1 Amount Per Annum 2000 $665,000 3.45% 2003 $630,000 3.65% 2001 $655,000 3.50% 2004 $615,000 3.70% 2002 $640,000 3.60% (Please list here or attach a separate maturity schedule for any other outstanding issues of general obligation bonds and/or loan agreement notes.) Ames/419370-21/1st 1/2 N/1 SCHEDULE B (OTHER GENERAL OBLIGATIONS) Type 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.) 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.) WITNESS MY HAND and the seal of the City hereto affixed this 27th day of April , 1999. -9 •��C��1-d/ City Clerk (Seal)