HomeMy WebLinkAboutA004 - Notice of Public Hearings set for March 9, 2021, published February 26, 2021 pcd
NOTICE OF PUBLIC HEARING ON LOAN AGREEMENT IN A
PRINCIPAL AMOUNT NOT TO EXCEED $700,000
(GENERAL OBLIGATION DOWNTOWN PLAZA) 0
The City Council of the City of Ames, Iowa, will meet o Marc , 20�t the City Hall
Council Chamber, 515 Clark Avenue, Ames, Iowa, at 6:00 p.m. h 9
, or the purpose of holding a
hearing and taking action to enter into a loan agreement (the "Downtown Plaza Loan
Agreement") in a principal amount not to exceed $700,000 for the purpose of paying the cost, to
that extent, of converting a parking lot into a downtown plaza. The Downtown Plaza 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. The maximum rate of
interest which may be payable under the Downtown Plaza Loan Agreement is 6% per annum. At
that time and place, oral or written objections may be filed or made to the proposal to enter into
the Downtown Plaza Loan Agreement. After receiving objections, the City may determine to
enter into the Downtown Plaza Loan Agreement, in which case, the decision will be final unless
appealed to the District Court within fifteen(15) days thereafter. At any time before the date
fixed for taking action to enter into the Downtown Plaza Loan Agreement, a petition may be
filed with the City Clerk of the City asking that the question of entering into the Downtown
Plaza Loan Agreement be submitted to the registered voters of the City, pursuant to the
provisions of Section 384.26 of the Code of Iowa. By order of the City Council of the City of
Ames, Iowa.
Diane Voss, City Clerk
NOTICE OF PUBLIC HEARING ON LOAN AGREEMENT IN A PRINCIPAL AMOUNT
NOT TO EXCEED$25,665,000
(GENERAL OBLIGATION ESSENTIAL PURPOSES)
The City Council of the City of Ames, Iowa, will meet on March 9, 2021, at the City Hall Council Chamber,
515 Clark Avenue, Ames, Iowa, at 6:00 p.m., for the purpose of holding a hearing and taking action to
enter into a loan agreement (the "Essential Purposes Loan Agreement") in a principal amount not to
exceed $25,665,000 for the purpose of paying the cost, to that extent, of constructing improvements to
streets, installing traffic control improvements, constructing sewer improvements and refunding the
outstanding balance of the City's General Obligation Corporate Purpose and Refunding Bonds, Series
2013. The Essential Purposes 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
Essential Purposes Loan Agreement. After receiving objections, the City may determine to enter into
the Essential Purposes 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
City Clerk
Voss, Diane
From: Josten.Robert@dorsey.com
Sent: Thursday, February 18, 2021 4:14 PM
To: Voss, Diane; Pitcher, Duane;Wisecup, Roger; Lambert, Mark
Cc: gerlachs@pfm.com
Subject: Resolution for Feb. 23 Council meeting/set hearings on Bonds
Attachments: SetHrngs2021A GO CorpPurp LA Ames419370-67-v1.docx
[External Email]
Attached to this email is a resolution that may be adopted by the Ames city council on February 23 in order to set March
9 as the date for hearings on twp_general obligation loan agreements.
The notice of hearing on th $25,665,000 Essential rposes Loan Agreement must be published at least four days
before March 9, but the notic eari-ng,6n th $700,0 Downtown Plaza Loan Agreement must be published at least
TEN days before March 9.. Please scan and email copy of each published notice to me josten.robert@dorsey.com
I may be contacted by ema br by calling my cell phone (515) 556-8186.
Thanks for your help.
Robert E.Josten. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
DORSEY & WHITNEY LP 10 J )_3
801 Grand Suite 4100I
Des Moines, IA 50309-8002
F: 515.283.1060 Cell: 515.556.8186
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