6/29/2011 12:36:03 PM
6/29/2011 12:36:02 PM
City of Clive
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19 1 f$ <br /> Member 6, introduced t fol owing <br /> Resolution and moved Its adoption. Member <br /> seconded the motion to adopt. The roll was calle and the ote <br /> was: <br /> AYES: ttt <br /> P. . • <br /> NAYS: k!,-� ._ .. A , � <br /> ____ <br /> 411 Whereupon the Mayor declared the following Resolution duly <br /> adopted: 84501 144 Old 7) O• J( <br /> RESOLUTION AUTHORIZING THE ISSUANCE OF <br /> $1,280,000.00 GENERAL OBLIGATION BOND & <br /> GRANT ANTICIPATION PROJECT NOTES <br /> Section 1. Definitions. (a) As used in this Resolution: <br /> (a) "Acquired" means acquisition by purchase, construction <br /> or by any other method. <br /> (b) "Additional Project Notes" means additional Project <br /> Notes issued as provided in Section 10 of this Resolution. <br /> (c) "City" or "Issuer" means the City of Clive, Iowa. <br /> (d) "Appropriated Funds" means the Grant Receipts and the <br /> Local Share Funds. <br /> (e) "Eligible Costs" means Project Costs that are eligible <br /> for reimbursement under the Grant Agreements, but not including <br /> the local share of the Eligible Costs. <br /> (f) "Expected Grant Receipts" means at any time the amount <br /> of Grant Receipts certified by the Engineer and authorized, <br /> expected to be received after that time and before the maturity <br /> of the Notes. <br /> (g) "Financial Officer" means the City Treasurer of the <br /> City or such other officers as the governing body may from time <br /> to time designate. <br /> (h) "Governing Body" means the City Council. <br /> - 5 - <br /> 411 Ahlers, Cooney, Dorweiler, Haynie Smith & Allbee lawyers. Des Moines, Iowa <br />
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