HomeMy WebLinkAboutA003 - Proceedings, Dorsey & Whitney File No. 419370-56 r i
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A m e s,M
Smart Choice
February 10, 2016
Dorsey & Whitney LLP
801 Grand, Suite 4100
Des Moines, Iowa 50309
Attention Robert E. Josten
RE: Ames, Iowa
2016/17 Gen 1 Obligation orporate Purpose and Refunding Loan Agreement
Your File N . 419370-56
Dear Mr. Josten:
Enclosed please find the fully executed proceedings setting March 1 as the date of hearing on the
proposal to enter into the 2016/17 General Obligation Corporate Purpose and Refunding Loan
Agreement.
The Notice of Hearing has been sent to the Ames Tribune for publishing on February 23, 2016.
When I receive the Affidavit of Publishing, same will be sent to you.
If you have any questions, please call. Thank you for your assistance.
Sincerely,
Diane R. Voss
City Clerk
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Enclosure
Ames419370-56/SetHrng2016-17 GO LA
MINUTES TO SET DATE FOR HEARING
ON ENTERING INTO 2016-17 GENERAL
OBLIGATION CORPORATE PURPOSE
AND REFUNDING LOAN AGREEMENT
419370-56
Ames, Iowa
February 9, 2016
The City Council of the City of Ames, Iowa, met on February 9, 2016, at 5:15 o'clock
p.m., at the City Hall Council Chamber, in the City. The Mayor Pro-Tem presided and the roll
was called showing the following members of the City Council present and absent:
Present: Beatty-Hansen, Betcher, Corrieri, Gartin, Nelson, Orazem
Absent: None.
Council Member Nelson introduced the resolution hereinafter next set out, setting a date
for hearing on 2016-17 general obligation corporate purpose and refunding loan agreement, and
moved its adoption, seconded by Council Member Corrieri; and after due consideration thereof
by the City Council, the Mayor put the question upon the adoption of the said resolution and the
roll being called, the following named Council Members voted:
Ayes: Beatty-Hansen, Betcher, Corrieri, Gartin, Nelson, Orazem
Nays: None.
Whereupon, the Mayor declared the resolution duly adopted as hereinafter set out.
. . . . .
At the conclusion of the meeting, and upon motion and vote, the City Council adjourned.
Mayor
Attest:
� � f
City Clerk
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DORSEY&WHITNEY LLP,ATTORNEYS,DES MOINES,IOWA
Ames419370-56/SetHmg2016-17 GO LA
RESOLUTION NO. 16-052
Resolution to fix a date for a public hearing on a loan agreement in a principal
amount not to exceed $13,225,000
WHEREAS, the City of Ames (the "City"), in Story County, State of Iowa, proposes to
enter into a General Obligation Corporate Purpose and Refunding Loan Agreement (the "Loan
Agreement") in a principal amount not to exceed $13,225,000, pursuant to the provisions of
Section 384.24A of the Code of Iowa, for the purpose of paying the cost, to that extent, of
constructing street, water main, sanitary and storm sewer, bridge, and related improvements; of
flood mitigation and remediation, and of refunding the outstanding balance of the City's General
Obligation Corporate Purpose Bonds, Series 2008A; and it is necessary to fix a date of meeting
of the City Council at which it is proposed to take action to enter into the Loan 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:
Section 1. The City Council shall meet on the 1st day of March, 2016, at the City
Hall Council Chamber, Ames, Iowa, at 6:00 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 Loan Agreement.
Section 2. The City Clerk is hereby directed to give notice of the proposed action on
the Loan 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 4 nor more than
20 days before the date of said 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
Ames419370-56/SetHmg2016-17 GO LA
NOTICE OF PUBLIC HEARING ON LOAN AGREEMENT IN A PRINCIPAL
AMOUNT NOT TO EXCEED $13,225,000
(GENERAL OBLIGATION CORPORATE PURPOSE AND REFUNDING)
The City Council of the City of Ames, Iowa, will meet on the 1 st day of March, 2016, at
the City Hall Council Chamber, 515 Clark Avenue, Ames, Iowa, at 6:00 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 $13,225,000 for the purpose of paying the cost,
to that extent, of constructing street, water main, sanitary and storm sewer, bridge, and related
improvements; of flood mitigation and remediation and of refunding the outstanding balance of
the City's General Obligation Corporate Purpose Bonds, Series 2008A.
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
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DORSEY&WHITNEY LLP,ATTORNEYS,DES MOINES,IOWA
Ames419370-56/SetHrng20I6-17 GO LA
Section 3. All resolutions or parts of resolutions in conflict herewith are hereby
repealed to the extent of such conflict.
Passed and approved February 9, 2016.
Mayor
Attest:
City Clerk
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DORSEY&WHITNEY LLP,ATTORNEYS,DES MOINES,IOWA
Ames419370-56/SetHrng2016-17 GO LA
STATE OF IOWA
COUNTY OF STORY SS:
CITY OF AMES
I, the undersigned, City Clerk of the City of Ames, do hereby certify that attached hereto
is a true and correct copy of the proceedings of the City Council relating to fixing a date for a
hearing on the City Council's proposal to take action in connection with a loan agreement, as
referred to therein.
WITNESS MY HAND this 9th day of February, 2016.
l
City Clerk
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DORSEY&WHITNEY LLP,ATTORNEYS,DES MOINES,IOWA