7/25/2011 10:04:11 AM
7/25/2011 10:04:11 AM
City of Clive
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• <br /> Council Member introduced the following <br /> Resolution entitled " RESOLU FIXING DATE FOR A MEETING ON THE <br /> PROPOSITION OF THE ISSUANCE OF $1,425,000 GENERAL OBLIGATION BONDS <br /> (FOR ESSENTIAL CORPORATE PURPOSES) OF CLIVE, IOWA, AND PROVIDING <br /> FOR PUBLICATION OF NOTICE THEREOF ", and moved that the same be <br /> adopted. Council Member seconded the motion <br /> to adopt. The roll was called and the vote was, <br /> s <br /> AYES : 4�,W) B ().M y <br /> NAYS: V\ n,;\_ <br /> Whereupon, the Mayor declared the resolution duly adopted as <br /> follows: <br /> IUi 61 NO. 9/ -/.2q <br /> RESOLUTION FIXING DATE FOR A MEETING ON THE <br /> PROPOSITION OF THE ISSUANCE OF $1,425,000 <br /> GENERAL OBLIGATION BONDS (FOR ESSENTIAL CORPORATE <br /> PURPOSES) OF 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 $1,425,000, as authorized by Section 384.25, of the City <br /> Code of Iowa, for the purpose of providing funds to pay costs of <br /> carrying out essential corporate purpose projects as hereinafter <br /> 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 Section 76.13 <br /> of the City Code of Iowa anticipating in part the future receipt <br /> of the proceeds of the issuance of said General Obligation Bonds; <br /> and <br /> WHEREAS, before said bonds may be issued and in order to <br /> anticipate the proceeds thereof by the issuance of Project Notes, <br /> it is necessary to comply with the provisions of said Code, and to <br /> publish a notice of the proposal to issue such bonds and of the <br /> time and place of the meeting at which the Council proposes to <br /> take action for the issuance of the bonds and to receive oral <br /> and /or written objections from any resident or property owner of <br /> 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 /> AHLERS, COONE1. DORI%EILER. HAYNIE. SMITH & ALLBEE. P.C. <br /> ATTORNEYS AT LAW DES MOINES. IOWA <br />
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