6/30/2011 8:38:29 AM
6/30/2011 8:38:29 AM
City of Clive
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Council Member t _ •ntroduced the following <br /> Resolution entitled "RESOLUTION FIXING DATE FOR A MEETING ON <br /> THE PROPOSITION OF THE ISSUANCE OF $1,750,000.00 GENERAL <br /> OBLIGATION BONDS (FOR ESSENTIAL CORPORATE PURPOSES) OF CLIVE, <br /> IOWA, AND PROVIDING FOR PUBLICATION OF NOTICE THEREOF ", and <br /> moved that the same be adopted. Council Member <br /> seconded the motion to adopt. The roll was <br /> called and the vote was, <br /> AYES: 4'�A u -BC - <br /> NAYS: <br /> Whereupon, the Mayor declared the resolution duly adopted �� <br /> as follows: ,/'/ / <br /> RESOLUTION FIXING DATE FOR A MEETING ON <br /> THE PROPOSITION OF THE ISSUANCE OF <br /> $1,750,000.00 GENERAL OBLIGATION BONDS <br /> (FOR ESSENTIAL CORPORATE PURPOSES) OF <br /> CLIVE, IOWA, AND PROVIDING FOR <br /> PUBLICATION OF NOTICE THEREOF <br /> WHEREAS, it is deemed necessary and advisable that the City <br /> of Clive, Iowa, should issue General Obligation Bonds to the <br /> amount of $1,750,000.00, as authorized by Section 384.25, of <br /> the City Code of Iowa, for the purpose of providing funds to <br /> pay costs of carrying out essential corporate purpose projects <br /> as hereinafter described; and <br /> WHEREAS, it is proposed that the City fund its costs on an <br /> interim basis by the issuance of Project Notes under <br /> Section 76.13 of the City Code of Iowa anticipating in part the <br /> future receipt of the proceeds of the issuance of said General <br /> Obligation Bonds; and <br /> WHEREAS, before said bonds may be issued and in order to <br /> anticipate the proceeds thereof by the issuance of Project <br /> Notes, it is necessary to comply with the provisions of said <br /> Code, and to publish a notice of the proposal to issue such <br /> bonds and of the time and place of the meeting at which the <br /> Council proposes to take action for the issuance of the bonds <br /> and to receive oral and /or written objections from any resident <br /> or property owner of said City to such action: <br /> NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE <br /> CITY OF CLIVE, IOWA: <br /> - 2 - <br /> III Ahlers , Cooney Dorweiler, Haynie, Smith & Allbee, lawyers, Des Moines, Iowa <br />
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