HomeMy WebLinkAbout~Master - 2014-15 General Obligation Corporation Purpose and Refunding Loan Agreement - File No. 419370-54 OORSEY"
February 6, 2014
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Diane R. Voss ..-.-.-.-.......,.
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City Clerk/City Hall
515 Clark Avenue
PO Box811
Ames, Iowa 50010-0811 ► -
Re: 2014-15 General Obligation Corporate Purpose and Refunding Loan Agreement
Our File No. 419370-54
Dear Diane:
Based on communications with Duane Pitcher and Jon Burmeister ave prep ed and enclose
proceedings to be used at the City Council meeting on February 11 to s t March 4 the date for a
hearing on the proposal to enter into the 2014-15 General Obligation Corpora ose and Refunding
Loan Agreement.
The documents enclosed include the following items:
14• Resolution fixing the date, time and place of the meeting at which it is proposed to hold a
hearing and take action to enter into the Loan Agreement.
The form of notice of hearing is set out in Section 2 of the resolution, and an extra copy is
enclosed for delivery to the publisher. Please insert the time and place of the hearing in both the
resolution and the notice.
Certificate attesting the transcript.
Certificate with respect to publication of the notice,to which must be attached the publisher's
affid it of publication with a clipping of the notice as published.
The notice must be published at least once not less than 4 nor more than 20 days before the
meeting date set for the hearing, in a legal newspaper which has a general circulation in Ames. Please
scan and email or fax a copy of the published notice to our office at(515)283-1060. A">
y L As soon as possible after the City Council meeting, please return one fully executed copy of all of
the completed pages in these proceedings.
If you have any questions,please contact me.
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truly yours,
' obe E. Josten
cc by email: Duane Pitcher
Steve Schainker �� f
Roger Wisecup
Judy Parks
Jon Burmeister
DORSEY & WHITNEY LLP • ATTORNEYS AT LAW • WWW.DORSEY.COM •T 515.283.1000
F 515.283.1060 • 801 GRAND • SUITE 4100 • DES MOINES, IOWA 50309-8002 '
USA CA,NAEDA CURD PC ASIA-PACIFIC
NOTICE OF PUBLIC HEARING ON LOAN AGREEMENT IN A PRINCIPAL
AMOUNT NOT TO EXCEED $13,250,000
(GENERAL OBLIGATION CORPORATE PURPOSE AND REFUNDING)
The City Council of the City of Ames, Iowa, will meet on the 41" day of March, 2014, at the
Council Chambers, 515 Clark Avenue, Ames, Iowa, at seven o'clock p.m., for the purpose of
holding a hearing and taking action to enter into a loan agreement (the "Loan Agreement") in a
principal amount not to exceed $13,250,000 for the purpose of paying the cost, to that extent, of
constructing improvements to streets, bridges and solid waste disposal facilities, costs of flood
mitigation and remediation and refunding the outstanding balance of the City's General
Obligation Corporate Purpose Bonds, Series 2006A.The Loan Agreement is proposed to be
entered into pursuant to authority contained in Section 384.24A of the Code of Iowa and will
constitute a general obligation of the City. At that time and place, oral or written objections may
be filed or made to the proposal to enter into the Loan Agreement. After receiving objections,
the City may determine to enter into the Loan Agreement, 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 of the City of Ames, Iowa.
Diane Voss, City Clerk