HomeMy WebLinkAboutA044 - Minutes of Public Hearing dated September 11, 2012, Proceedings MINUTES OF PUBLIC HEARING;
RESOLUTION TAKING ADDITIONAL
ACTION
(Mary Greeley Medical Center Project)
Ames, Iowa
September 11, 2012
The City Council of the City of Ames, Iowa, met on the above-captioned date, at seven
o'clock p.m., at the City Hall, 515 Clark Avenue, Ames, Iowa.
The meeting was called to order by the Mayor, and the roll was called showing the
following members of the Council present and absent:
Present: Davis Goodman Larson Orazem Szopinski, Wacha
Absent: None
* * * Other Business
The Council investigated and found that notice of intention to enter into a loan agreement
and borrow money in an aggregate principal amount not to exceed $26,000,000 for Mary
Greeley Medical Center had, as directed by the Council, been duly given according to law.
This being the time and place specified in the notice for the conduct of a public hearing
on the proposal to enter into the loan agreement, the Mayor announced that all local residents
would now be given an opportunity to express their views for or against the proposal to enter
into the loan agreement. The following local residents expressed their views as follows: None.
Written comments were received from the following: None.
After due consideration and discussion, Council Member Goodman introduced the
following resolution and moved its adoption, seconded by Council Member Davis. The Mayor
put the question upon the adoption of said resolution, and the roll being called, the following
Council Members voted:
Ayes: Davis, Goodman, Larson, Orazem, Szopinski, Wacha
Nays: None
Whereupon, the Mayor declared the resolution duly adopted, as follows:
RESOLUTION NO. 12-493
Taking additional action to enter into a Loan Agreement and borrow money
WHEREAS, heretofore in the year 1916, the Mary Greeley Memorial Hospital (now
known as the Mary Greeley Medical Center and hereinafter sometimes referred to as the
"Hospital") was established in and for the City of Ames, Iowa (the "City") by lawful acceptance
of a conditional gift of certain real estate and the then existing hospital facility, deeded to the
City by Mr. W. M. Greeley; and
WHEREAS, pursuant to the provisions of Section 384.24A of the Code of Iowa, the City
has heretofore proposed to enter into a loan agreement (the "Loan Agreement") and borrow
money in a principal amount of not to exceed $26,000,000, for the purposes of (1) financing a
portion of the costs of the Hospital's improvement projects to acquire, construct, equip, furnish,
expand and remodel portions of its existing hospital facilities, including a new patient tower, a
new support service building, a new main entrance, an expanded emergency room department,
related land/site improvements thereto, and other improvements to the hospital facilities, all
located at 1111 Duff Ave, Ames, Iowa (the "Project"); (2) refunding the City's Hospital Revenue
Refunding Bonds (Mary Greeley Medical Center), Series 2003 (the "Prior Bonds"); (3) funding
necessary reserve funds for the Bonds; and (4) funding issuance expenses for the Bonds; and;
NOW, THEREFORE, It Is Resolved by the City Council of the City of Ames, Iowa, as
follows:
Section 1. The Council hereby determines to enter into the Loan Agreement and
borrow the money in the future and declares that this resolution constitutes the "additional
action" required by Sections 384.24A and 384.25 of the Code of Iowa.
Section 2. All resolutions and orders or parts thereof in conflict with the provisions
of this resolution, to the extent of such conflict, are hereby repealed.
Section 3. This resolution shall be in full force and effect immediately upon its
adoption and approval, as provided by law.
Passed and approved September 11, 2012.
G'
Mayor
Attest:
City Clerk
* * * Other Business
On motion and vote, the meeting adjourned.
STATE OF IOWA
COUNTY OF STORY SS:
CITY OF AMES
I, the undersigned, City Clerk of the aforementioned City, do hereby certify that attached
hereto is a true and correct copy of the proceedings of the Council relating to the hearing on the
Council's intention to enter into a Loan Agreement and borrow money in the principal amount of
not to exceed $26,000,000.
WITNESS MY HAND and the seal of the City hereto affixed this 11 day of September,
2012.
City Clerk
(Seal)