HomeMy WebLinkAboutA024 - Letter from Dorsey & Whitney dated February 16, 2011 HORSEY'
February 16, 2011 QL Er-
Diane R.Voss F E B 17 2011
City Clerk/City Hall
P.O.Box 811
Cii';FL7a7
515 Clark Avenue CITY�,F in"kiA
Ames, Iowa 50010-0811
Re: Not to Exceed$6,640,000 Essential Corporate Purpose Loan Agreement
Not to Exceed$310,000 General Corporate Purpose Loan Agreement
Our File No. 419370-44
Dear Diane:
We have prepared and enclose proceedings related to the hearings on the Essential Corporate
Purpose Loan Agreement and the General Corporate Purpose Loan Agreement to be held at the February
22°d City Council meeting.
The proceedings enclosed include the following items:
1. Minutes of the meeting covering the hearings, followed by the resolution taking
additional action in connection with the Loan Agreements. This resolution simply sets forth the City
Council's determination to enter into the Loan Agreements in the future, and its adoption constitutes the
"additional action"required by the statute.
2. Certificate attesting transcript.
The minutes as drafted assume that no objections will be filed to the Essential Corporate Purpose
Loan Agreement and that no petition will be filed asking that the question of entering into the General
Corporate Purpose Loan Agreement be submitted to the registered voters of the City.
As these proceedings are completed,please return one fully executed copy to our office. For your
Iti \March I Council meeting,I will prepare a resolution approving a debt service levy for the new budget.
If you have any questions,please contact me.
t V -)s,
t J
Robert'.Josten
Enclosures
cc by email: Duane Pitcher
Steve Schainker
Doug Marek
Tionna Pooler
DORSEY & WHITNEY LLP • ATTORNEYS AT LAW • WWW.DORSEY.COM •T 515.283.1000
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