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r <br /> 111 III <br /> The Council then considered the proposed action and the <br /> extent of objections thereto. <br /> Whereupon, Council Member introduced and <br /> delivered to the Clerk the Reso ution hereinafter set out entitled <br /> "RESOLUTION INSTITUTING PROCEEDINGS TO TAKE ADDITIONAL ACTION FOR <br /> THE ISSUANCE OF $1,425,000 GENERAL OBLIGATION BONDS ", and moved: <br /> / X/ that the Resolution be adopted. <br /> L_/ to ADJOURN and defer action on the Resolution and <br /> the proposal to institute proceedings for the <br /> issuance of bonds to the meeting to be held at <br /> o'clock .M. on the day of <br /> , 1991, at this place. <br /> Council Member , seconded the motion. The <br /> roll was called and he vote was <br /> s <br /> AYES: PA4"36464141/1416+"-/- <br /> L ASAALe& r elad-r_l_ji £ten . <br /> NAYS: 'Yletl_. Cia ,. II At t <br /> Whereupon the Mayor declared the measure duly adopte t <br /> Rts6I • i Cf A) , 2 <br /> RESOLUTION INSTITUTING PROCEEDINGS TO TAKE ADDITIONAL <br /> ACTION FOR THE ISSUANCE OF $1,425,000 GENERAL OBLIGATION <br /> BONDS <br /> WHEREAS, pursuant to notice published as required by law, <br /> this Council has held a public meeting and hearing upon the <br /> proposal to institute proceedings for the issuance of $1,425,000 <br /> General Obligation Bonds for the essential corporate purposes of <br /> paying costs of construction of certain street improvements and <br /> improvements and extensions to the Municipal Water Utility, and <br /> has considered the extent of objections received from residents or <br /> property owners as to said proposed issuance of bonds; and, <br /> accordingly the following action is now considered to be in the <br /> best interests of the City and residents thereof: <br /> NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE <br /> CITY OF CLIVE, IOWA: <br /> -3- <br /> AHLERS, COONEY, DORN\ EILER. H:1»IE. SMITH S ALLBEE. P.C <br /> ATTORNEYS AT LAW DES MOINES, IOWA <br />