HomeMy WebLinkAboutA048 - Resolution No. 09-497 adopted October 13, 2009 ✓ Ames/419370-42/1'%-Water Rev
RESOLUTION NO. 09-497
To fix a date for a public hearing on a Water Revenue Loan and Disbursement
Agreement
WHEREAS, the City of Ames (the "City"), in the County of Story, State of Iowa, did
heretofore establish a Municipal Waterworks System (the "Utility") in and for the City which has
continuously supplied water and water service in and to the City and its inhabitants since its
establishment; and
WHEREAS, the management and control of the Utility are vested in the City Council
(the "Council') and no board of trustees exists for this purpose; and
WHEREAS, the City now proposes to enter into a Water Revenue Loan and
Disbursement Agreement (the "Agreement") with the Iowa Finance Authority under the State
Revolving Fund loan program, in a principal amount not to exceed $6,249,000, pursuant to the
provisions of Section 384.24A of the Code of Iowa, for the purpose of paying the cost, to that
extent, of planning, designing and constructing improvements and extensions to the Utility, and
it is necessary to fix a date of meeting of the Council at which it is proposed to take action to
enter into the Agreement and to give notice thereof as required by such law;
NOW, THEREFORE, Be It Resolved by the City Council of the City of Ames, Iowa, as
follows:
S tion 1. i C u c'1 shall meet on the 27th day of October, 2009, at the
aCCit H 5B IaCi we ,
u cil hambers , in `tlie i y, at seven o'clock __p_.m., at which time and place a
hearing will be held and proceedings will be instituted and action taken to enter into the
Agreement.
Section 2. The City Clerk is hereby directed to give notice of the proposed action on
the Agreement 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 four nor more than
twenty days before the meeting, in a legal newspaper which has a 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