HomeMy WebLinkAbout~Master - Bond election for Ames Public Library Expansion Ames 419370-44, lcction Proc
RESOLUTION NO. 11-438
Resolution calling an election on the proposition of entering into a loan agreement
and issuing Bonds for the purpose of expanding, renovating and equipping the
Ames Public Library
WHEREAS, it is deemed advisable that the City of Ames, Iowa (the "City"), enter into a
loan agreement and issue bonds in an amount not exceeding $18,000,000 to provide funds to pay
the cost, to that extent, of expanding, renovating and equipping the Ames Public Library
(hereinafter referred to as the"Project"); and
WHEREAS, pursuant to Chapter 384 of the Code of Iowa, before the City may enter into
the loan agreement and issue bonds for such purpose, the City must hold a special election upon
such proposition and receive a favorable vote from at least 60% of the total votes cast at such
special election;
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames,
Iowa, as follows:
Section 1. A special municipal election is hereby called and ordered to be held in and
for the City, on November 8, 2011, in conjunction with the regular city election, at which there
will be submitted to the voters of the City the following proposition:
Shall the City of Ames, in Story County, Iowa, enter into a loan agreement and
issue bonds in an amount not exceeding $18,000,000 for the purpose of paying
the cost, to that extent, of expanding, renovating and equipping the Ames Public
Library?
Section 2. The County Commissioner of Elections is hereby authorized and
requested to issue a proclamation and notice of the election on the proposition and of the time
and place thereof and to take all other actions necessary pursuant to state law to conduct the
election.
Section 3. All of the foregoing matters are adopted and resolved by this Council, and
the City Clerk is hereby directed to give written notice thereof by submitting a copy of this
resolution no later than five p.m. on the last day on which nomination papers may be filed for the
regular city election to the Story County Commissioner of Elections, who has the duty to conduct
this election, for approval, ratification and confirmation to the extent required by Iowa law, and
such County Commissioner of Elections shall signify such approval, ratification and
confirmation and shall order the election to be conducted in the manner set forth herein by
signing the order attached to this resolution.
Section 4. All resolutions or parts of resolutions in conflict herewith are hereby
repealed, to the extent of such conflict.
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DORSEY&WHITNEY LLP,ATTORNEYS,DES MOINES,IOWA
Ames 419370-1VEIeclion Proc
Passed and approved September 13, 2011.
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ayor
Attest:
City Clerk
On motion and vote, the meeting adjourned.
Mayor
Attest:
City Clerk
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DORSEY&WHITNEY LLP,ATTORNEYS,DES MOINES,IOWA