HomeMy WebLinkAboutA003 - Resolution No. 07-422 adopted September 11, 2007 Ames/419370-35/1"'/,GO Corp Purp Bond Hrg
RESOLUTION NO. 07-422
Resolution to fix a date of meeting at which it is proposed to take action for the
issuance of General Obligation Corporate Purpose Bonds, Series 2007A, in a
principal amount not to exceed$6,500,000
WHEREAS, the City of Ames, Iowa (the "City"), proposes to issue General Obligation
Corporate Purpose Bonds, Series 2007A (the "Bonds"), in a principal amount not to exceed
$6,500,000 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 various street, water and bridge
improvements;
NOW, THEREFORE, It Is Resolved by the City Council of the City of Ames, Iowa, as
follows:
Section 1. The City Council shall meet on the 25t' day of September, 2007, at the
Council Chambers, City Hall, Ames, Iowa, at seven o'clock_.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 4 nor more
than 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:
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DORSEY&WHITNEY LLP,ATTORNEYS,DES MOINES,IOWA
Ames/419370-35/1"'/,00 Corp Purp Bond Hrg
NOTICE OF PROPOSED ACTION TO INSTITUTE PROCEEDINGS FOR
THE ISSUANCE OF GENERAL OBLIGATION CORPORATE PURPOSE
BONDS, SERIES 2007A, IN A PRINCIPAL AMOUNT NOT TO EXCEED
$6,500,000
The City Council of the City of Ames, Iowa, will meet on the 25th day of September,
2007, at the Council Chambers, City Hall, Ames, Iowa, at seven o'clock P in. for the
purpose of instituting proceedings and taking action for the issuance of $6,500,000 General
Obligation Corporate Purpose Bonds, Series 2007A, for the purpose of paying the cost, to that
extent, of constructing various street, water and bridge improvements.
The Bonds, when issued, will constitute general obligations of the City.
At such time and place the City 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
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DORSEY&WHITNEY LLP,ATTORNEYS,DES MOINES,IOWA
Ames/419370-35/1"/.GO Corp Purp Bond Hrg
Section 3. All resolutions or parts of resolutions in conflict herewith are hereby
repealed to the extent of such conflict.
Passed and approved September 11, 2007.
Mayor
Attest:
City Clerk
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DORSEY&WHITNEY LLP,ATTORNEYS,DES MOINES,IOWA