HomeMy WebLinkAboutA022 - Letter from Dorsey & Whitney dated August 21, 2003DORSEY & WHITNEY LLP
ATTORNEYS AT LAW
MINNEAPOLIS
801 GRAND, Surl E 3900
COSIA MESA
NEW YORK
DES MOINES, IOWA 50309
FARGO
SEATTLE
TELEPHONE: (515) 283-1000
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DENVER
FAX: (515) 283-1060
GKLAI PALLS
WASHINGION, D.C.
www.dorseylaw.coni
ROCHrSITR
NORTHERN VIRGINIA
I OKY0
DES MOINES
MISSOULA
LONDON
VANCOUVER
ANCHORAGE
TORONIC)
SALT LAKE crry
SHANGHAI
BKUSSFIIS
August 21, 2003
Re: Antes, Iowa
$6,555,000 General Obligation Corporate Purpose Bonds, Series 2003
Our File No. 419370-29
Dear Diane:
We have prepared and enclose the necessary proceedings for the August 26 i-necting to
adopt the resolution providing for the issuance of the General Obligation Corporate Purpose
Bonds.
The proceedings enclosed include the following items:
I . Resolution providing for the issuance of the Bonds and for the levy of taxes.
The blanks in the form of Bond, the form of Certificate of Authentication and the form of'
Assignment included as part of the resolution should not be completed or executed.
2. Certificate attesting the transcript.
,3 3. Certificate of the County Auditor relating to the filing of a certified copy of the
L
Bond Issuance Resolution in that office.
When completed and executed, a certifi�tracopyfof
be filed with the
Story County Auditor, and we have enclosed an the resolution for this purpose.
DORSEY & WHITNEY L L P
Page 2
The County Auditor has a mandatory duty to make a levy of taxes to pay principal of and.
interest on the Bonds unless the City's budget each year affirmatively shows that the tax Should
not be levied because other funds will be applied to the payment of the Bonds for that budget
year. To the extent the City determines that property tax levies will be needed for payment ii-i
any year, the tax levy amounts needed nitist be certified for that year in the City's budget as part
of the debt service fund, and the funds derived from Sources other than taxes must be shown on
the appropriate budget document.
As these proceedings are completed, please return one fully executed COPY to Our office.
If you have any questions, please call me.
REJ: c f
Ames/4 19370-29/2"' '/, G131
Enclosures
cc: Steven Schainker
Duane Pitcher
.John Klaus
Charles A. Uperaft