7/25/2011 9:43:53 AM
7/25/2011 9:43:52 AM
City of Clive
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• • <br /> Council Member BAUL631eANJOLt introduced to f 11 wing <br /> Resolution and moved its adoption. Council Member ty <br /> seconded the motion to adopt. The roll was called and the vote <br /> was: <br /> AYES: ■ G ' <br /> • s <br /> , _ • • I M a. .. •- -A - � - .. <br /> NAYS: I' <br /> •Tr • <br /> Whereupon the Mayor declared the following Resolution duly a3 � <br /> adopted: ILL OlL4Jrays NO <br /> RESOLUTION DIRECTING THE SALE AND DELIVERY OF <br /> $1,425,000 GENERAL OBLIGATION BOND ANTICIPATION <br /> PROJECT NOTES, SERIES 1991, FOR PAYMENT OF <br /> PROJECT COSTS OF THE CAPITAL IMPROVEMENTS PROJECTS <br /> WHEREAS, the City Council of the City of Clive, Iowa, has <br /> held a public hearing on the issuance of General Obligation Bonds <br /> and has appropriated the anticipated proceeds of the sale of said <br /> bonds to pay the City's share of the Capital Improvements Project; <br /> and <br /> WHEREAS, it was provided in the resolution authorizing the <br /> issuance of the Project Notes that they shall be dated and be in <br /> the denominations as shall be determined and shall be <br /> consecutively numbered from one; and <br /> WHEREAS, the Council has arranged for the sale of the Project <br /> Notes to Piper, Jaffray & Hopwood, Incorporated of Des Moines, <br /> Iowa, which Notes will be paid at a later date from proceeds to be <br /> received from the sale of General Obligation Bonds of said City <br /> and /or such other funds of said City as may be available at that <br /> time: <br /> NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE <br /> CITY OF CLIVE, IOWA: <br /> Section 1. That, pursuant to the provisions of Section 76.13 <br /> of the Code of Iowa, as amended, the sale of General Obligation <br /> Bond Anticipation Project Notes, Series 1991, in the total amount <br /> of $1,425,000, at a price of $ 4 % ?) bearing interest at the <br /> rate of q, (, S % per annum and maturing on June 1, 1992, <br /> for the public improvement projects hereinabove referred to, to <br /> Piper, Jaffray & Hopwood, Incorporated, is hereby approved and <br /> confirmed. Said Project Notes will be dated and be in such <br /> denomination or denominations as the Purchaser may determine. <br /> -23- <br /> AHLERS. COONET. DORI\ EILER. H:11 NIE. 6111TH & ALLREE. P.C. <br /> ATTORNEYS AT LAW DES MOINES. IOWA <br />
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