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Home My WebLink AboutA013 - Proceedings from May 25, 2021 Ames419370-67/SetHmb Amend 2017/18 GOlssncResols SET DATE FOR HEARING ON AMENDMENTS TO SERIES 2017 AND SERIES 2018 G.O. BOND ISSUANCE RESOLUTIONS 419370-67 Ames, Iowa May 25, 2021 The City Council of the City of Ames,Iowa,met on May 25, 2021,at 6:00 p.m.,at the City Hall Council Chambers. The Mayor presided and the roll was called showing the following Council Members present and absent: Present: Beatty-Hansen, Betcher, Corrieri, Gartin, Junck, Martin. Absent: None. Council Member Gartin introduced a resolution hereinafter next set out, setting a date for a public hearing on amendments to general obligation bond issuance resolutions, and moved its adoption, seconded by Council Member Betcher; and after due consideration thereof by the 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, Junck, Martin. Nays: None. The Mayor declared the resolution duly adopted as follows: -1- DORSEY&WHITNEY LLP,ATTORNEYS,DES MOINES,IOWA Ames419370-67/SetHmb Amend2017/18GO IssncResols RESOLUTION NO. 21-258 Setting date for public hearing on amendments to 2017 and 2018 General Obligation Bond Issuance Resolutions WHEREAS, pursuant to the provisions of Chapter 384 of the Code of Iowa, on August 22, 2017, the City Council of the City of Ames, Iowa (the "City"), adopted Resolution No. 17-545 (the "2017A Bond Issuance Resolution"), which authorized the issuance of general obligation bonds (the "Series 2017A Bonds") in the amount of$10,975,000, for the purpose of paying the cost, to that extent, of constructing public improvements and refunding outstanding debt; and WHEREAS,pursuant to the provisions of Chapter 384 of the Code of Iowa, on August 28, 2018,the City Council of the City also adopted Resolution No. 18-512(the"2018A Bond Issuance Resolution"), which authorized the issuance of general obligation bonds (the "Series 2018A Bonds") in the amount of $7,490,000, for the purpose of paying the cost, to that extent, of constructing public improvements, acquiring equipment and improving Fire Station#1; and WHEREAS, it has been determined that proceeds from the issuance of the Series 2017A Bonds and the Series 2018A Bonds remain (the "Remaining Bond Proceeds") after the original projects have been completed or funds have been obligated; and WHEREAS, it has been proposed that the Council take action to amend the 2017A Bond Issuance Resolution and the 2018A Bond Resolution (together, the "Bond Resolutions") in order to make it possible to spend up to $775,000 of the Remaining Bond Proceeds on improvements to the municipal waterworks system and the municipal sanitary sewer system; and WHEREAS, before amending the Bond Issuance Resolutions, it is necessary for the City Council to fix a date of meeting at which it is proposed to take action to amend the Bond Issuance Resolutions and to give notice thereof as required by law; NOW, THEREFORE, Be It Resolved by the City Council of Ames, Iowa, as follows: Section 1. This Council shall meet on June 8,2021,at the City Hall Council Chambers, at 6:00 p.m., at which time and place a hearing will be held and proceedings will be instituted and action taken to amend the Bond Issuance Resolutions. Section 2. The City Clerk is hereby directed to give notice of the hearing on amendments to the Bond Issuance Resolutions including 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 of general circulation in the City. The notice shall be in substantially the following form: -2- DORSEY&WHITNEY LLP,ATTORNEYS,DES MOINES,IOWA Ames4193 70-67/SetHmg-Amend20 l 7/18GO IssncResols NOTICE OF PUBLIC HEARING ON AMENDMENTS TO SERIES 2017A AND SERIES 2018A BOND ISSUANCE RESOLUTIONS The City Council of the City of Ames, Iowa, will meet on June 8, 2021, at 6:00 p.m., for the purpose of holding a public hearing on amendments to general obligation bond issuance resolutions dated August 22, 2017 and August 28, 2018 (the "Bond Issuance Resolutions"), for the purpose of authorizing the use of remaining bond proceeds in an amount not to exceed $775,000 for improvements to the municipal waterworks system and the municipal sanitary sewer system. The amendments to the Bond Issuance Resolutions are proposed to be approved pursuant to authority contained in Chapter 384 of the Code of Iowa, and the amendments will constitute general obligations of the City. At the time and place of the hearing, oral or written objections may be filed or made to the proposal to amend the Bond Issuance Resolutions. After the hearing, the Council may take action to amend the Bond Issuance Resolutions, 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 Ames, Iowa. Diane Voss City Clerk -3- DORSEY&WHITNEY LLP,ATTORNEYS,DES MOINES,IOWA Ames4193 70-67/SetHmg-Amend20 l 7/18GO lssncResols Section 3. All resolutions or parts of resolutions in conflict herewith are hereby repealed to the extent of such conflict. Passed and approved May 25, 2021. 4 Mayor Attest: City Clerk -4- DORSEY&WHITNEY LLP,ATTORNEYS,DES MOINES,IOWA Ames419370-67/SetHrn-Amend2017/18GO lssncResols On motion and vote, the meeting adjourned. Mayor Attest: -L4 City Clerk -s- DORSEY&WHITNEY LLP,ATTORNEYS,DES MOINES,IOWA Ames419370-67/SetHmg-Amend2017/18GO IssneResols STATE OF IOWA SS: CITY OF AMES I, the undersigned, City Clerk of the City of Ames, Iowa, 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 hearing on the Council's proposal to take action in connection with amending bond issuance resolutions, as referred to therein. WITNESS MY HAND this 25th day of May, 2021. City Clerk -6- DORSEY&WHITNEY LLP,ATTORNEYS,DES MOINES,IOWA Ames4193 70-67/SetHmg-Amend2017/18GO IssncResols STATE OF IOWA SS: CITY OF AMES I, the undersigned, City Clerk of the City of Ames, Iowa, do hereby certify that pursuant to the resolution of the City Council fixing a date of meeting at which it is proposed to take action to amend bond issuance resolutions,the notice, of which the printed slip attached to the publisher's affidavit hereto attached is a true and complete copy, was published on the date and in the newspaper specified in such affidavit, which newspaper is of general circulation in the City. WITNESS MY HAND this 25th day of May, 2021. City Clerk (Attach here the publisher's original affidavit with clipping of the notice, as published.) -7- DORSEY&WHITNEY LLP,ATTORNEYS,DES MOINES,IOWA Proof Of Publication in THE AMES TRIBUNE #1408547 NOTICE OF PUBLIC HEARING ON AMENDMENTS TO SERIES 2017A AND SERIES 2018A BOND ISSUANCE RESOLUTIONS CITY OF AMES The City Council of the City of 515 CLARK AVENUE Ames, Iowa, will meet on June 8, 2021,at 6:00 P.m.,for the purpose AMES,IA 500100811 of holding a public hearing on amendments to general obligation bond issuance resolutions dated August 22, 2017 and August 28, STATE OF IOWA,STORY COUNTY 2018(the "Bond Issuance Resolu- tions"),for the purpose of author- izing the use of remaining bond / proceeds in an amount not to ex- i, ceed $775,000 for improvements s ,on oath depose and say to the municipal waterworks sys- that I am the Lgal Clerk of THE AMES TRIBUNE,a daily tem and the municipal sanitary newspaper,published at;Ames,Story County,Iowa that the sewer system. The amendments to the Bond Issuance Resolutions annexed printed: are proposed to be approved pur- suant to authority contained in Chapter 384 of the Code of Iowa, and the amendments will consti- CITY OF AMES tute general obligations of the Bonds,2017&2018 Amendments City.At the time and place of the hearing,oral or written objections may be filed or made to the pro- posal to amend the Bond Issuance Resolutions.After the hearing,the was published in said newspaper 1 time(s)on Council may take action to amend the Bond Issuance Resolutions, in May 28,2021 which case,the decision will be fi- nal unless appealed to the District Court within fifteen (15) days the last day of said publication being the thereafter. By order of the City Council of 28th day of May,2021 Ames,Iowa. Diane Voss,City Clerk Published in the Ames Tribune on May 28,2021(2T) e t Legal Cler Notary Public, at f Wisco County of Brown 5 My commission expires sworn to before me and subscribed in my presence by this the 28th day of May,2021 FNANCY�frHEYRMAN otay Public FEE: 00014 e O Wisconsin AD#: 0001408647 ACCT: 33408 Page 1 of 1