HomeMy WebLinkAboutA004 - Letter to Story County Auditor dated March 4, 2009 CU3: Clerk's Office
515 Clark Avenue,P. O. Box 811
Caring People Ames,IA 50010
Qualiry Programs
Ecceptional Service Phone: 515-239-5105
Fax: 515-239-5142
March 4, 2009
Ms. Mary Mosiman
Story County Auditor
Story County Administration Building
Nevada, Iowa 50201
RE: General Obligation Corporate Purpose Bonds, Pre-Levy
Dear Mary:
Enclosed please find a certified copy of Resolution 09-083, which was adopted by the Ames City
Council on March 3, 2009, providing for the issuance of the above-named Bonds. Please sign the
Certificate of the County Auditor verifying the filing of same and return in the enclosed self-
addressed, stamped envelope.
If you have any questions, please call me. Thank you for your assistance!
Sincerely,
Diane Voss
City Clerk
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Enclosure:
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515 Clark Avenue, P.O.Box 811
Caring People
QWiry Pmg-- Ames,IA 50010
Exceptional Service Phone: 515-239-5105
Fax: 515-239-5142
March 4, 2009
STATE OF IOWA
COUNTY OF STORY
CITY OF AMES
I, Diane R. Voss, being the duly appointed City Clerk of the City of Ames, Iowa, do hereby certify
that the above and foregoing Resolution No.09-083 is a true and accurate copy of the said Resolution,
and that the said Resolution was passed and adopted by the City Council of the City of Ames, Iowa,
at a duly called meeting thereof on the 3`d day of March, 2009.
Diane R. Voss, City Clerk
(SEAL)
Ames/419370-38/2Id%Hrg/Prelevy
RESOLUTION NO. 09-083
Authorizing the issuance of not to exceed $11,700,000 General Obligation
Corporate Purpose Bonds and providing for the levy of taxes to pay the same
WHEREAS, pursuant to notice of the proposed action of the City Council of Ames, Iowa
(the "City") to institute proceedings for the issuance of not to exceed $11,700,000 General
Obligation Corporate Purpose Bonds (the "Bonds") for the purpose of paying the cost, to that
extent, of constructing improvements to streets, storm sewers and the municipal waterworks
system, heretofore given in strict compliance with the provisions of Chapter 384 of the Code of
Iowa and a hearing held thereon, the Council may now take additional action to issue the Bonds;
and
WHEREAS, it is deemed necessary and advisable to provide for the levy and collection
of taxes to pay the principal of and interest on the Bonds for the fiscal year beginning July 1,
2009,prior to the sale of the Bonds;
NOW, THEREFORE, It Is Resolved by the City Council of the City of Ames, Iowa, as
follows:
Section 1, The Bonds are hereby authorized to be issued in a principal amount not to
exceed $11,700,000 and shall be dated, bear interest, shall be payable as to principal and interest
on the dates and in the amounts, may be subject to prepayment prior to maturity and may contain
such other terms and provisions as shall be determined by the Council at the time of sale, and
this resolution shall then be amended to so provide.
Section 2. For the purpose of providing for the levy and collection of a direct annual
tax sufficient to pay the principal of and interest on the Bonds as the same become due, there is
hereby levied on all the taxable property in the City the following direct annual tax:
For collection in the fiscal year beginning July 1, 2009,
sufficient to produce the net annual sum of$1,052,797;
provided, however, that at the time the Bonds are sold, the actual tax levy amounts required to
pay the principal of and interest on the Bonds in each year shall be determined based upon the
interest rate or rates at which the Bonds are sold, and this resolution shall be amended by
resolution of the Council to provide for such actual and necessary tax levy amounts.
Section 3. A certified copy of this resolution shall be filed with the County Auditor
of Story County, and said Auditor shall be and is hereby instructed to enter for collection and
assess the tax hereby authorized. When annually entering such taxes for collection, the County
Auditor shall include the same as a part of the tax levy for Debt Service Fund purposes of the
City and when collected, the proceeds of the taxes shall be converted into the Debt Service Fund
of the City and set aside therein as a special account to be used solely and only for the payment
of the principal of and interest on the Bonds hereby authorized and for no other purpose
whatsoever.
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Ames/419370-38/2"d%a Hrg/Prelevy
of the principal of and interest on the Bonds hereby authorized and for no other purpose
whatsoever.
Section 4. All resolutions or parts thereof in conflict herewith are hereby repealed to
the extent of such conflict.
Passed and approved March 3, 2009.
Mayor
Attest:
City Clerk
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Ames/419370-38/2nd%:Hrg/Prelevy
STATE OF IOWA
SS:
COUNTY OF STORY
I, the undersigned, County Auditor of Story County, in the State of Iowa, do hereby
certify that on the day of , 2009, the City Clerk of the City of Ames
filed in my office a certified copy of a resolution of such City shown to have been adopted by the
Council on March 3, 2009, entitled: "Resolution authorizing the issuance of $11,700,000
General Obligation Corporate Purpose Bonds and providing for the levy of taxes to pay the
same," and that I have duly placed the copy of the resolution on file in my records.
I further certify that the taxes provided for in that resolution will in due time, manner and
season be entered on the State and County tax lists of this County for collection in the fiscal year
beginning July 1, 2009, and subsequent years as provided in the resolution.
WITNESS MY HAND this day of 12009.
County Auditor
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