HomeMy WebLinkAboutA005 - Resolution No. 21-501 adopted September 14, 2021 419370-62 Ames 4I9370-62 Hrg(u)Only GO UR LA
MINUTES FOR HEARING AND
ADDITIONAL ACTION ON ENTERING
INTO A LOAN AGREEMENT
419370-62
Ames, Iowa
September 14, 2021
The City Council of the City of Ames, Iowa, met on September 14, 2021, at 6:00 p.m., at
the City Council Chambers of City Hall, 515 Clark Avenue, Ames, Iowa.
The meeting was called to order by the Mayor, and the roll being called, the following
named Council Members were present and absent:
Present: Beatty-Hansen, Betcher, Corrieri, Gartin, Junck, Martin
Absent: None.
This being the time and place specified for taking action on the proposal to enter into a
General Obligation Urban Renewal Loan Agreement and to borrow money thereunder in a
principal amount not to exceed $21,200,000, the City Clerk announced that no petition had been
filed asking that the question of entering into the loan agreement be submitted to the registered
voters of the City, and that the City Council may proceed with the authorization of the loan
agreement. Whereupon,the Mayor called for any written or oral objections,and there being none,
the Mayor closed the public hearing.
After due consideration and discussion,Council Member Corrieri introduced the resolution
next hereinafter set out and moved its adoption,seconded by Council Member Gartin. The Mayor
put the question upon the adoption of said resolution, and the roll being called, the following
Council Members voted:
Ayes: Beatty-Hansen, Betcher, Corrieri, Gartin, Junck, Martin
Nays: None.
Whereupon,the Mayor declared the resolution duly adopted as hereinafter set out.
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Ames/419370-62/Hrg(rr)Only GO UR LA
RESOLUTION NO. 21-501
Resolution taking additional action on proposal to enter into General Obligation
Urban Renewal Loan Agreement
WHEREAS, the City of Ames (the "City"), in Story County, State of Iowa proposes to
enter into a General Obligation Urban Renewal Loan Agreement (the "Loan Agreement'),
pursuant to the provisions of Sections 384.24A and 384.24.3(q)of the Code of Iowa,and to borrow
money thereunder in a principal amount not to exceed $21,200,000 for the purpose of paying the
costs,to that extent,undertaking a project in the Downtown Reinvestment District Urban Renewal
Area consisting of constructing, furnishing and equipping an indoor aquatic center and associated
grounds and facilities as further detailed in the urban renewal plan approved by the City Council
on August 24, 2021, and in lieu of calling an election upon such proposal, has published notice of
the proposed action, including notice of the right to petition for an election,and has held a hearing
thereon, and as of September 14, 2021, no petition had been filed with the City asking that the
question of entering into the Loan Agreement be submitted to the registered voters of the City;and
NOW, THEREFORE, Be It Resolved by the City Council of the City of Ames, Iowa, as
follows:
Section 1. The City Council hereby determines to enter into the Loan Agreement in
the future and orders that general obligation bonds or notes be issued at such time, in evidence
thereof. The City Council further declares that this resolution constitutes the "additional action"
required by Section 384.24A of the Code of Iowa with respect to Loan Agreement.
Section 2. All resolutions or parts thereof in conflict herewith are hereby repealed to
the extent of such conflict.
Section 3. This resolution shall be in full force and effect immediately upon its
adoption and approval, as provided by law.
Passed and approved September 14, 2021.
Nh1%Or
Attest:
City Clerk
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Ames/419370-62/Hrg(a)Only GO UR LA
On motion and vote, the meeting adjourned.
Mayor
Attest:
---
City Clerk
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Ames/419370-62/Hrg(rr)Only GO UR LA
ATTESTATION CERTIFICATE
STATE OF IOWA
STORY COUNTY 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 the public hearing and
additional action on the City Council's intention of entering into a certain General Obligation
Urban Renewal Loan Agreement in the future.
WITNESS MY HAND this 14th day of September, 2021.
City Clerk
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