HomeMy WebLinkAboutA004 - Proof of publication dated September 14, 2018 RUL, -
NOTICE OF PROPOSED ACTION TO INSTITUTE
PROCEEDINGS TO ENTER INTO A LOAN AND DISBURSEMENT AGREEMENT
IN A PRINCIPAL AMOUNT NOT TO EXCEED $5,700,000
(SEWER REVENUE)
The City Council of the City of Ames, Iowa, will meet on September 25, 2018, at the City Hall
Council Chambers, at 6:00 o'clock p.m., for the purpose of instituting proceedings and taking
action to enter into a loan and disbursement agreement(the "Agreement") and to borrow money
thereunder in a principal amount not to exceed $5,700,000 for the purpose of paying the cost,to
that extent, of planning, designing and constructing improvements and extensions to the City's
Municipal Sanitary Sewer System. The Agreement will not constitute a general obligation of the
City, nor will it be payable in any manner by taxation but, together with the City's outstanding
Sewer Revenue Bond, SRF Series 2012, dated November 16, 2012; Taxable Sewer Revenue
Bond, SRF Series 2016, dated September 30, 2016; Taxable Sewer Revenue Bond, SRF Series
2018, dated February 16, 2018; and any additional obligations of the City as may be hereafter
issued and outstanding from time to time ranking on a parity therewith, will be payable solely
and only from the Net Revenues of the Municipal Sanitary Sewer System of the City. At that
time and place, oral or written objections may be filed or made to the proposal to enter into the
Agreement. After receiving objections, the City may determine to enter into the Agreement, in
which case, the decision will be final unless appealed to the District Court within fifteen(15)
days thereafter,J #1157732 lncil of the City of Ames, Iowa.
NOTICE OF PROPOSED ACTION TO
INSTITUTE PROCEEDINGS TO
ENTER IN-0 A LOAN AND DIS-
BURSEMENT AGREEIVENT IN A
PRINCIPAL AMOUNT NOT Diane Voss
TO EXCEED$5,700,000
(SEWER REVENUE) City Clerk
The City Council of the City of
Ames,Iowa,will meet on Septem-
ber 25,2018,at the City Hall Coun.
cil Chambers,at 6:00 o'clock p.m.,
for the purpose of instituting pro-
ceedings and taking action to en-
ter into a loan and disbursement
agreement(the"Agreement")and
to borrow money thereunder in a
Principal amount not to exceed
$5,700,000 for the purpose of pay-
ing the cost, to that extent, of
planning, designing and con.
structing improvements and ex.
tensions to the City's Municipal
Sanitary Sewer System. The
Agreement will not constitute a
general obligation of the City,nor
will it be payable in any manner
by taxation but,together with the
City's outstanding Sewer Revenue
Bond, SRF Series 2012, dated No-
vember 16, 2012; Taxable Sewer
Revenue Bond, SRF Series 2016,
dated September 30, 2016; Taxa.
ble Sewer Revenue Bond,SRF Ser.
les 2018, dated February 16,2018;
and any additional obligations of
the City as may be hereafter is-
sued and outstanding from time
to time ranking on a parity there.
with, will be payable solely and
only from the Net Revenues of the
Municipal Sanitary Sewer System
of the City.At that time and place,
oral or written objections may be i
filed or made to the proposal to
enter into the Agreement. After
receiving objections,the City may
determine to enter into the Agree-
ment, 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
Published in the Ames Tribune on
September 14,2018(1T)