HomeMy WebLinkAbout~Master - Agreements for loans to fund Intermodal Facility RESOLUTION NO. 0-27
Resolution authorizing and approving AMOCO Loans from Iowa Department of
Transportation for project related to the CyRide Intermodal Facility
WHEREAS, pursuant to the provisions of Section 384.24A of the Code of Iowa, the City
of Ames (the "City"), in Story County, State of Iowa has heretofore proposed to contract
indebtedness and enter into loan agreements (the "Loan Agreements") for the purpose of paying
costs, to that extent, of preparing final design & construction drawings for the Ames Intermodal
Facility for CyRide (the "Project"), and has published notice of the proposed action and held a
hearing thereon; and
WHEREAS, the City will obtain AMOCO loans from the Iowa Department of
Transportation (the "IDOT") in the principal amounts of $350,000 and $87,500 (the "IDOT
Loan") for the purpose of paying costs of the Project; and
WHEREAS, the IDOT has provided the City with certain agreements and related
documents which set out the terms of the IDOT Loans (the "IDOT Loan Documents");
NOW, THEREFORE, It Is Resolved by the City Council of the City of Ames, Iowa, as
follows:
Section 1. The IDOT Loans in the principal amounts of$350,000 and $87,500 and
the IDOT Loan Documents are hereby approved, and the Mayor and City Clerk are hereby
authorized and directed to execute the IDOT Loan Documents on behalf of the City. The IDOT
Loans shall not be general obligations of the City and shall not be payable from property
taxation.
Section 2. All resolutions or parts thereof in conflict herewith are hereby repealed to
the extent of such conflict.
Passed and approved June 15, 2010.
Mayor
Attest:
Cs �1
City Clerk
sR �,
STATE OF IOWA
STORY COUNTY SS:
CITY OF AMES
I, the undersigned, City Clerk of the City of Ames, do hereby certify that as such City
Clerk I have in my possession or have access to the complete corporate records of the City and of
its Council and officers and that I have carefully compared the transcript hereto attached with the
aforesaid corporate records and that the transcript hereto attached is a true, correct and complete
copy of all the corporate records in relation to the adoption of a resolution approving two
AMOCO loans from Iowa Department of Transportation and that the transcript hereto attached
contains a true, correct and complete statement of all the measures adopted and proceedings, acts
and things had, done and performed up to the present time with respect thereto.
WITNESS MY HAND and the seal of the City hereto affixed this 15th day of June,
2010.
City Clerk
(Seal)