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_,__ 7._47 introduced the following <br /> Resolution entitled " RESOLUTION DIRECTING THE ADVERTISEMENT <br /> FOR SALE OF $220,A00,00 GENERAL, OBLIGATION BONDS," and moved <br /> its adoption. �►j-j r r / .1,% 6'.(seconded the motion to adopt. <br /> The roll was called and the vote was, <br /> AYES: A_ ( - ' + % . ' ;L <br /> E , : / t • <br /> ;1 -40-71 <br /> NAYS : <br /> Whereupon, the Mayor declared the resolution duly adopted <br /> as follows: _� c/ <br /> RESOLUTION DIRECTING THE ADVERTISEMENT <br /> FOR SALE OF $220,000.00 GENERAL OBLIGATION <br /> BONDS <br /> WHEREAS, the City of Clive, Iowa, is in need of funds to <br /> pay costs of the reconstruction, enlargement, repair, and <br /> improvement of the Windsor Heights /Clive North Walnut Creek <br /> University Avenue Bridge, and approaches thereto, and the <br /> costs of applying asphalt overlay to certain streets within <br /> the vicinity of said bridge, said costs to be paid by the <br /> direct expenditure of proceeds, refunding of Project Notes <br /> issued in payment therefor, or a combination thereof, an <br /> essential corporate purpose project, and it is deemed <br /> necessary and advisable that the City issue General Obligation <br /> Bonds for said purpose to the amount of $220,000.00, as <br /> authorized by Section 384.25 of the City Code of Iowa; and <br /> WHEREAS, pursuant to notice published as required by <br /> Section 384.25 this Council has held a public meeting and <br /> hearing on July 21, 1983, upon the proposal to institute pro- <br /> ceedings for the issuance of not to exceed $250,000.00 General <br /> Obligation Bonds, and all objections, if any, to such Council <br /> action made by any resident or property owner of said City <br /> were received and considered by the Council; and it is the <br /> decision of the Council that additional action be taken for <br /> the issuance of $220,000.00 General Obligation Bonds, and that <br /> such action is considered to he in the best interests of said <br /> City and the residents thereof: <br /> NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE <br /> CITY OF CLIVE <br /> IOWA: <br /> - 2 <br /> • AHLEPS. GOONEY DORWEILER HAYNIE f1Cf f c,W P`, lIE 5. Wf r. r. <br />