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Home My WebLink About~Master - G.O. Refunding Bonds 2009A in amount not to exceed $8,000,000 515 Clark Avenue,P.O. Box 811 caringPeo le Ames,IA 50010 Quality Programs F=eptional Se"w, Phone: 515-239-5105 Fax: 515-239-5142 March 4, 2009 Dorsey & Whitney LLP 801 Grand, Suite 3900 Des Moines, Iowa 50309 Attention Robert E. Josten RE: Ames, Iowa $8,000,000 General Obligation Refunding Loan Agreement Your File No. 419370 Dear Mr. Josten: Enclosed please find a fully executed transcript of the proceedings of our March 3, 2009, meeting wherein the Council set March 24, 2009, as the date of hearing on the proposal to enter into the General Obligation Refunding Loan Agreement. The Notice of Hearing has been sent to the Ames Tribune for publishing on March 10, 2009. I will fax a copy of the published notice as soon as I receive same. If you have any questions, please call. Thank you for your assistance. Sincerely, Diane R. Voss P43 City Clerk (:10 1zuw /dry 4 Enclosure Ames/419370-40/151'/z GO LA MINUTES TO SET DATE FOR HEARING ON ENTERING INTO A LOAN Please Return To: AGREEMENT DORSEY & WHITNEY ATTORNEYS AT LAW 419370-40 801 Grand, Suite 3900 Des Moines, Iowa 50309 (N/I) - GENERAL OBLIGATION Ames, Iowa March 3, 2009 The City Council of the City of Ames, Iowa, met on March 3, 2009, at 6:30 o'clock p .m., at the City Hall , in the City. The Mayor presided and the roll was called showing the following members of the City Council present and absent: Present: Doll, Goodman, Larson, Mahayni, Popken, Rice Absent: None Council Member Mahayni introduced the resolution hereinafter next set out and moved its adoption, seconded by Council Member Larson 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: Doll, Goodman, Larson, Mahayni, Popken, Rice 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: City Clerk -1- DORSEY&WHITNEY LLP,ATTORNEYS,DES MOINES,IOWA Ames/4 1 93 70-40/1"1/2 GO LA RESOLUTION NO. 09-085 Resolution to fix a date for a public hearing on a loan agreement in a principal amount not to exceed$8,000,000 WHEREAS, the City of Ames (the "City"), in Story County, State of Iowa, proposes to enter into a General Obligation Refunding Loan Agreement (the "Loan Agreement") in a principal amount not to exceed $8,000,000 pursuant to the provisions of Section 384.24A of the Code of Iowa for the purpose of paying the cost, to that extent, of refunding the remaining outstanding balances of the City's General Obligation Bonds, Series 1998A, Series 1999, Series 2000, Series 2001A and Series 2001B, 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 24th day of March, 2009, at the City Hall , Ames, Iowa, at seven o'clock _.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 meeting, in a legal newspaper which has a general circulation in the City. The notice shall be in substantially the following form: -2- DORSEY&WHITNEY LLP,ATTORNEYS,DES MOINES,IOWA Ames/41937040/15 '/Z GO LA NOTICE OF PROPOSED ACTION TO INSTITUTE PROCEEDINGS TO ENTER INTO A LOAN AGREEMENT IN A PRINCIPAL AMOUNT NOT TO EXCEED $8,000,000 (GENERAL OBLIGATION) The City Council of the City of Ames, Iowa, will meet on the 24th day of March, 2009, at the City Hall , Ames, Iowa, at seven o'clock _.m., for the purpose of instituting proceedings and taking action to enter into a loan agreement (the "Loan Agreement") in a principal amount not to exceed $8,000,000 for the purpose of paying the cost, to that extent, of refunding the remaining outstanding balances of the City's General Obligation Bonds, Series 1998A, Series 1999, Series 2000, Series 2001A and Series 2001B. 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 R. Voss City Clerk -3- DORSEY&WHITNEY LLP,ATTORNEYS,DES MOINES,IOWA Ames/419370-40/1 s`%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 March 3, 2009. Mayor Attest: City Clerk -4- DORSEY&WHITNEY LLP,ATTORNEYS,DES MINES,IOWA Ames/4 1 93 70-40/ls`%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 3rd day of March , 2009. City Clerk -5- DORSEY&WHITNEY LLP,ATTORNEYS,DES MOINES,IOWA