6/17/2010 2:58:54 PM
6/17/2010 2:58:54 PM
City of Clive
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Council Member introduced the <br /> following Resolution en itled "RESOLUTION AUTHORIZING AND <br /> PROVIDING'FOR THE ISSUANCE OF $1,050,000.00 GENERAL OBLIGATION <br /> BONDS AND <br /> adopted. Counci G l Member FAA SAO�N d moved be <br /> fS0 an seconded the <br /> motion,to adopt, and the roll being called hereon, the vote <br /> was as follows: <br /> AYES: <br /> A r <br /> 4 1 #d <br /> NAYS: 7/4141,k Oi AAMC, y <br /> /Le <br /> Whereupon, the Mayor declared said Resol ion duly adopted <br /> as follows: ;41 7 <br /> r SOL— <br /> RESOLUTION AUTHORIZING AND PROVIDING <br /> FOR THE ISSUANCE OF $1,050,000.00 GENERAL <br /> OBLIGATION BONDS AND LEVYING A TAX <br /> TO PAY SAID BONDS <br /> WHEREAS, the Issuer is duly incorporated, organized and <br /> exists under and by virtue of the laws and Constitution of the. <br /> State of Iowa; and u <br /> WHEREAS, the Issuer is in need of funds to pay costs of <br /> construction of improvements and extensions to the Municipal <br /> Sanitary Sewer System of said City under the Des Moines, Iowa, <br /> Integrated Community. Area Third Phase Financing Plan and <br /> Agreement, an essential corporate purpose, and it is deemed <br /> necessary and advisable that General Obligation Bonds in the <br /> amount of $1,050,000.00, be issued for said purpose; and <br /> WHEREAS, pursuant to notice published as required by <br /> Section 384.25 of said Code, this Council has held a public <br /> meeting and hearing upon the proposal to institute proceedings <br /> for the issuance of said Bonds, and the Council is therefore <br /> now authorized to proceed with the issuance of said Bonds; and <br /> WHEREAS, pursuant to the provisions of Chapter 75 of the <br /> Code of Iowa, the above mentioned Bonds were heretofore sold at <br /> public sale and action should now be taken to issue said Bonds <br /> conforming to the terms and conditions of the best bid received <br /> at the advertised public sale: <br /> NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY <br /> OF CLIVE, IOWA: <br /> 7 <br /> 16w AMn. Cmnv. Dau.ua Her*i., Smith Nlbee Lawyer% Des Manes, Iowa <br />
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