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Council Member introduced the <br /> following Resolution entitl 'SOLUTION AUTHORIZING AND <br /> PROVIDING FOR THE ISSUANCE OF $220,000.00 GENERAL OBLIGATION <br /> BONDS AND LEVYING A TAX TO PAY ID BO S" and moved that it <br /> be adopted. Council Member seconded <br /> the motion to adopt, and the ro being called thereon, the <br /> vote was as follows: <br /> AYES: El <br /> i .:_ _ . <br /> NAYS: ti1/LJL • en (Y%.Q.. <br /> Whereupon, the Mayor declared said Resolution duly adopted <br /> I as follows: <br /> RESOLUTION NO. g <br /> RESOLUTION AUTHORIZING AND PROVIDING <br /> FOR THE ISSUANCE OF $220,000.00 GENERAL <br /> OBLIGATION BONDS AND LEVYING A TAX <br /> TO PAY SAID BONDS <br /> WHEREAS, the Issuer is duly incorporated, organized and <br /> exists under and by virtue of the laws and Constitution of the <br /> State of Iowa; and <br /> WHEREAS, the Issuer is in need of funds to pay costs of <br /> the reconstruction, enlargement, repair, and improvement of <br /> the Windsor Heights /Clive North Walnut Creek University Avenue <br /> Bridge, and approaches thereto, and the costs of applying <br /> asphalt overlay to certain streets within the vicinity of said <br /> bridge, said costs to be paid by the direct expenditure of <br /> proceeds, refunding of Project Notes issued in payment <br /> therefor, or a combination thereof, an essential corporate <br /> purpose, and it is deemed necessary and advisable that General <br /> Obligation Bonds in the amount of $220,000.00, be issued for <br /> said purpose; and <br /> WHEREAS, pursuant to notice published as required by <br /> Section 384.25 of said Code, this Council has held a public <br /> meeting and hearing upon the proposal to institute proceedings <br /> for the issuance of said bonds, and the Council is therefore <br /> now authorized to proceed with the issuance of said bonds; and <br /> WHEREAS, pursuant to the provisions of Chapter 75 of the <br /> Code of Iowa, the above mentioned bonds were heretofore sold <br /> at public sale and action should now be taken to issue said <br /> bonds conforming to the terms and conditions of the best bid <br /> received at the advertised public sale: <br /> - 2 - <br /> i AHLERS. COONEY. DORWE■LER HAYNIE. SMITH a ALLBEE, LAWYERS. DES MOINES IOWA <br /> ■ <br />