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Water Revenue Capital Loan Notes (SRF)_$4.4M Roosevelt Water Tower Project_Hearing Copyrighted May 20, 2019 City of Dubuque Public Hearings # 7. ITEM TITLE: Water Revenue Capital Loan Notes (State Revolving Loan Funds) Construction Loan Application for Roosevelt Water Tower SUMMARY: Proof of publication on notice of public hearing to consider approval of the suggested proceedings for the issuance of a not-to-exceed $4,400,000 Water Revenue Capital Loan Notes State Revolving Funds, the proceeds of which will be used to fund the construction of the Roosevelt Water Tower project. And the City Manager recommending approval. RESOLUTION Instituting Proceedings to take additional action for the authorization of a Loan and Disbursement Agreement and the issuance of not-to-exceed $4,400,000 Water Revenue Capital Loan Notes SUGGESTED DISPOSITION: Suggested Disposition: Receiveand File;Adopt Resolution(s) ATTACHMENTS: Description Type MVM Memo City Manager Memo Staff Memo Staff Memo ResolutionlnstitutingProceedingstoTakeAdditional Resolutions Action Bond Counsel Instructions Supporting Documentation THE CTTY OF Dubuque DuB E ��� I � � I� MGdStCY�11eC2 011 t�12 M1SS1SS2�J�11 zoa�•zoiz•zois TO: The Honorable Mayor and City Council Members FROM: Michael C. Van Milligen, City Manager SUBJECT: Proceedings for Public Hearing on the Issuance of Not to Exceed $4,400,000, Water Revenue Capital Loan Notes State Revolving Funds, for Roosevelt Water Tower DATE: May 11, 2019 Director of Finance and Budget Jennifer Larson is recommending City Council approval of the suggested proceedings for a public hearing on the issuance of a not to exceed $4,400,000 Water Revenue Capital Loan Notes State Revolving Funds. The proceeds of which will be used to fund the construction of the Roosevelt Water Tower project. In August 2017, the City issued a $475,000 SRF Planning and Design Loan for the Roosevelt Water Tower project. The planning and design loan had a 0% interest rate and no initiation or servicing fees. The $475,000 will be rolled into the SRF Construction Loan and is included in the issuance of not to exceed $4,400,000. On March 25, 2019, The City Council awarded two construction contracts for the Water Distribution System Pressure Zone 2 Improvements: Roosevelt Street 1.25 MG Elevated Water Tower Project. The project will be funded with $4.4 million in State Revolving Fund loans and $872,672 from the Water Construction Fund. The State Revolving Capital Loan Notes will carry an annual 1.75% interest rate for 20 years, with an annual servicing fee of 0.25%. There is also a onetime 0.5% upfront loan origination fee. The proceedings have been prepared to show as a first step the receipt of any oral or written objections from any resident or property owner to the proposed action of the Council to authorize the form of Loan and Disbursement Agreement and issue the Notes to the lowa Finance Authority. A summary of objections received or made, if any, should be attached to the proceedings. After all objections have been received and considered if the Council decides to enter into the Agreement and issue the Notes, a form of resolution follows that should be introduced and adopted, entitled "Resolution Instituting Proceedings to Take Additional Action." In the event the Council decides to abandon the proposal, then the form of resolution included in said proceedings should not be adopted. In this event, a motion merely be adopted to the effect that such proposal is abandoned I concur with the recommendation and respectfully request Mayor and City Council approval. ���� �� Michael C. Van Milligen MCVM/jml Attachment cc: Crenna Brumwell, City Attorney Cori Burbach, Assistant City Manager Teri Goodmann, Assistant City Manager Jennifer Larson, Director of Finance and Budget Denise Blakeley-Ihrig, Water Department Manager Dubuque THE CTTY OF � DT T� r, NI-AmericaCAY u L ' � II � ' Masterpiece on the Mississippi _uo�•ao�z•zms•zm; TO: Michael C. Van Milligen, City Manger FROM: Jennifer Larson, Director of Finance and Budget SUBJECT: Proceedings for Public Hearing on the Issuance of Not to Exceed $4,400,000, Water Revenue Capital Loan Notes State Revolving Funds, for Roosevelt Water Tower DATE: May 11, 2019 INTRODUCTION: The purpose of this memorandum is to provide suggested proceedings for a public hearing on the issuance of a not to exceed $4,400,000 Water Revenue Capital Loan Notes State Revolving Funds. The proceeds of which will be used to fund the construction of the Roosevelt Water Tower project. A letter from attorney Kristin Cooper detailing information on the public hearing is enclosed. DISCUSSION In August 2017, the City issued a $475,000 SRF Planning and Design Loan for the Roosevelt Water Tower project. The planning and design loan had a 0% interest rate and no initiation or servicing fees. The $475,000 will be rolled into the SRF Construction Loan and is included in the issuance of not to exceed $4,400,000 Water Revenue Capital Loan Notes State Revolving Funds. The design was completed by IIW and in June 2018, a preliminary engineering report (PER) was submitted to the lowa DNR for review and approval of a 1.25MG elevated storage tower, pressure reducing stations, water main improvements, and water treatment plant pump improvements. On January 17, 2019 the lowa DNR issued approval of the PER submitted in June 2018. The notice approved lowa SRF funding in support of a 1.OMG elevated storage tower and not the recommended 1.25MG elevated storage tower. However, in reviewing the original PER there are clear benefits to the tower being sized at 1.25MG. The distribution system analysis focused on site selection, tower sizing, overflow elevation, and fire suppression needs. The Roosevelt Street location in Zone 2 was selected due its proximity to two 12-inch diameter mains, land and site access availability, the overall site elevation, and its proximity to drainage facilities in the event of an overflow and drainage associated with tank maintenance. Sizing of the tower has varied between 750,000 gallons and 1 .25 million gallons. Sizing the tower at 1 .25 million gallons would replace the functionally obsolete 0.5 million- gallon Eagle Point Park Elevated Tower and the Stafford Street booster pump station and provide maximum fire flows and normal usage during a major fire and accommodation of seroice area expansion. In addition, Zone 2 could be connected to Olympic Heights subdivision (Zone 5) and the Olympic Heights booster pump station could be taken out of service reducing energy, operation and maintenance costs and a pressure zone. The Olympic Heights pump station is required to run 24 hours per day to provide daily usage. If Zones 2 and 3 are to be combined, water fed from the north with a 1 .25-million-gallon tank would improve flow rates and reliability into Zone 3. The overflow elevation of the proposed Roosevelt Tower has been set to match the overflow elevations of Zone 3 storage facilities, including College Street tower. When a connection between Zone 2 and Zone 3 is established, the overflow elevations would require analysis of not only Zones 2 and 3, but also Zone 1 located east of the bluff and served by the West 3rd Street in ground reservoir and Park Hill Standpipe. As Zone 1 and Zone 2 could both provide water supply and pressure to Zone 3, an analysis of how these zones can work together will enable to the City to make effective and economical water storage improvements in the future. Such storage improvements would be scheduling of water storage tank coating maintenance and eliminating water storage deficiencies present in Zone 3. The DNR regulations require water storage must be equal to the average daily use and/or the recommended fire protection volume. While excess storage is discouraged due to water quality issues that may arise, insufficient storage is equally as important. The lowa DNR supports and is in general agreement with the concepts in the PER including the connection of Zone 2 to Zone 3 allowing for the proposed water tower to be common to the demands of both zones. On March 25, 2019, The City Council awarded two construction contracts for the Water Distribution System Pressure Zone 2 Improvements: Roosevelt Street 1 .25 MG Elevated Water Tower Project. Contract A was awarded to CB&I, LLC of Plainfield, Illinois in the amount of $2,928,600. Contract A includes the Roosevelt Street Water Tower and Water Distribution Improvements. The extent of the work consists of the construction of a 1 .25 MG water tower and associated water main installation. The project also includes various work associated with the site improvements including earthwork, storm sewer, sanitary sewer service, clearing and grubbing, PCC pavement, seeding, and erosion control. Traffic control is included in the project to maintain a safe work site for both the contractor and the public. 2 Contract B was awarded to Portzen Construction of Dubuque, lowa in the amount of $986,620. Contract B includes the Eagle Point Park Treatment Plant and Water Distribution Improvements. The extent of the work consists of the construction of four pressure control stations. Two of the stations will be cast-in-place, 10-fott by 14-foot 3-inch structures, and two of the stations will be 6-foot diameter precast manhole structures. The stations will include control valves and process piping. The construction of the pressure control stations will include surface restoration including PCC And HMA pavement patching and associated traffic control. Also included in the project is process piping modifications and pump replacement at the Eagle Point Pumping Facility for pumps #6 and #7 which involves controls and electrical improvements. BUDGETIMPACT The State Revolving Loan program along with Water Department cost savings are available to fund the Roosevelt Street tower project. � - � - � . � � - � Le al Loan SRF •$25,000 Easements Easements SRF $4,000 Construction 1 .00 MG Tower SRF $2,285,000 Construction Tower Site SRF $315,000 Construction Distribution S stem SRF $699,000 Construction Treatment Plant SRF $260,000 En ineerin Ins ection SRF $180,000 En ineerin Desi n SRF $475,000 Contin enc Contin enc SRF $133,630 Loan Initiation Loan Fee SRF $23,370 Total SRF $4,400,000 � - � - � . � � - � Construction 0.25MG Tower Water Fund $300,000 Construction Residential PRV Water Fund $67,000 En ineerin Ins ection Water Fund $101 ,500 Easements Easements Water Fund $38,432 Contin enc Contin enc Water Fund $320,740 Total Water $872,672 Total cost of the project is estimated to be $5,272,672. Contract B is estimated to be completed by November 1 , 2019 and Contract A is estimated to be completed by November 1 , 2010. The State Revolving Capital Loan Notes will carry an annual 1 .75°k interest rate for 20 years, with an annual servicing fee of 0.25°k. There is also a onetime 0.5°k upfront loan origination fee. 3 The proceedings have been prepared to show as a first step the receipt of any oral or written objections from any resident or property owner to the proposed action of the Council to authorize the form of Loan and Disbursement Agreement and issue the Notes to the lowa Finance Authority. A summary of objections received or made, if any, should be attached to the proceedings. After all objections have been received and considered if the Council decides to enter into the Agreement and issue the Notes, a form of resolution follows that should be introduced and adopted, entitled "Resolution Instituting Proceedings to Take Additional Action." In the event the Council decides to abandon the proposal, then the form of resolution included in said proceedings should not be adopted. In this event, a motion merely be adopted to the effect that such proposal is abandoned ACTION TO BE TAKEN I respectfully recommend the adoption of the enclosed resolution instituting the proceedings to take additional action for the issuance of not to exceed $4,400,000 Water Revenue Capital Loan Notes (lowa Drinking Water Facilities Financing Program). Attachments cc: Crenna Brumwell, City Attorney Cori Burbach, Assistant City Manager Teri Goodmann, Assistant City Manger Denise Ihrig, Water Department Manager 4 Ahlers&Cooney, P.C. A H L E R S C O O N E Y Attorneys at Law 100 Court Avenue, Suite 600 A T T O R N E Y S Des Moines, lowa 50309-2231 Phone: 515-243-7611 Fax: 515-243-214y www.ahlerslaw.com Kristin B. Cooper 515.246.0330 kcooper@ahlerslaw.com May 9, 2019 VIA EMAIL Ms. Jenny Larson Budget Director City of Dubuque 50 West 13th Street Dubuque, Iowa 52001 RE: Dubuque, Iowa-Not to Exceed $4,400,000 Water Revenue Capital Loan Notes, (Iowa Drinking Water Facilities Financing Program) Dear Jenny: Enclosed are proceedings for the day of the public hearing scheduled for May 20, 2019. The public hearing proceedings are prepared to show as a first step the receipt of any oral or written objections from any resident or property owner to the proposed action of the City Council to authorize the form of Loan and Disbursement Agreement and issue the Notes to the Authority. A summary of objections received or made, if any, should be attached to the proceedings. After all objections have been received and considered if the City Council decides to enter into the Agreement and issue the Note, a form of resolution follows that should be introduced and adopted, entitled "Resolution Instituting Proceedings to Take Additional Action." Section 384.83 of the Code of Iowa provides that any resident or property owner of the City may appeal the decision to take additional action to the District Court of a county in which any part of the City is located, within l 5 d�iys after such additional action is taken, but that the additional action is final and conclusive unless the court finds that the City Council exceeded its authority. In the event an appeal is filed by any resident or property owner, please see that we are notified immediately; and, as soon as available, a copy of the notice of appeal should be furnished to our office for review. In the event the City Council decides to abandon the proposal then the form of resolution included in said proceedings should not be adopted. We would suggest that, in this event, a motion merely be adopted to the effect that such proposal is abandoned. The Resolution taking additional action also acknowledges and approves of the terms of the DWSRF Program, a general description of which is enclosed for your review. As you may WISHARD & BAILY - 1888; GUERNSEY & BAILY - 1893� BAILY & STIPP - 1901� STIPP� PERRY, BANNISTER & STARZINGER - 1914� BANNISTER� CARPENTER, AHLERS & COONEY - 1950; AHLERS� COONEY� DORWEILER, ALLBEE� HAYNIE & SMITH - 1974� AHLERS� COONEY� DORWEILER� HAYNIE� SMITH & ALLBEE� P.C. - 1990 May 9, 2019 Page 2 know,the terms of the loan being offered to the City are established primarily by reference to two external sources: the Authority's administrative rules governing the DWSRF Program and, to a lesser extent, by the terms of the bonds issued by the Authority to fund the City's loan. These loan terms are not negotiable by individual borrowers, and the City's decision to participate in the DWSRF Program effectively commits it to accept a loan on the stated terms. Also enclosed is an extra copy of the proceedings to be filled in as the original and certified back to this office. If you have any questions concerning the enclosed proceedings or the DWSRF Program, please do not hesitate to contact me. Very truly yours, Ahlers & Cooney, P.C. � � K isti�z Billingsley Cooper FOR THE FIRM KBC:seb Enclosures cc: Kevin Firnstahl, City of Dubuque (via e-mail w/enc.) Tionna Pooler, Independent Public Advisors (via e-mail w/enc.) Deron L. Muehring, Civil Engineer, City of Dubuque 01591168-1\10422-197 ITEMS TO INCLUDE ON AGENDA CITY OF DUBUQUE, IOWA Not to Exceed $4,400,000 Water Revenue Capital Loan Notes (Iowa Drinking Water Facilities Financing Program) • Public hearing on the authorization of a Loan and Disbursement Agreement and the issuance of Notes to evidence the obligation of the City thereunder. • Resolution instituting proceedings to take additional action. NOTICE MUST BE GIVEN PURSUANT TO IOWA CODE CHAPTER 21 AND THE LOCAL RULES OF THE CITY. May 20, 2019 The City Council of the City of Dubuque, State of Iowa, met in regular session, in the Historic Federal Building, 350 West 6th Street, Dubuque, Iowa, at 6:00 o'clock P.M., on the above date. There were present Mayor Roy D. Buol, in the chair, and the following named Council Members: Luis Del Toro, Ric Jones, Kate Larson, David Resnick, Jake Rios, Brett Shaw Absent: 2 The Mayor announced that this was the time and place for the public hearing and meeting on the matter of the authorization of a Loan and Disbursement Agreement by and between the City and the Iowa Finance Authority, and the issuance to the Iowa Finance Authority of not to exceed $4,400,000 Water Revenue Capital Loan Notes to evidence the obligations of the City under said Loan and Disbursement Agreement, in order to provide funds to pay costs of acquisition, construction, reconstruction, extending, remodeling, improving, repairing and equipping all or part of the Municipal Water Utility, including those costs associated with the Roosevelt Street water tower and water distribution improvements project and the Eagle Point water treatment plant and water distribution improvements project; and refunding the Water Revenue Capital Loan Notes Anticipation Project Note, Series 2017, dated September 22, 2017, and that notice of the proposed action by the City Council to institute proceedings for the authorization of the Loan and Disbursement Agreement and the issuance of the Notes had been published pursuant to the provisions of Sections 384.24A and 384.83 of the Code of Iowa, as amended. The Mayor then asked the Clerk whether any written objections had been filed by any City resident or property owner to the proposal. The City Clerk advised the Mayor and the City Council that -0- written objections had been filed. The Mayor then called for oral objections to the proposal and -0- were made. Whereupon, the Mayor declared the time for receiving oral and written objections to be closed. (Attach here a summary of objections received or made, if any) 3 thereto. The City Council then considered the proposed action and the extent of objections Whereupon, Council Member Jones introduced and delivered to the Clerk the Resolution hereinafter set out entitled "RESOLUTION INSTITUTING PROCEEDINGS TO TAKE ADDITIONAL ACTION FOR THE AUTHORIZATION OF A LOAN AND DISBURSEMENT AGREEMENT AND THE ISSUANCE OF NOT TO EXCEED $4,400,000 WATER REVENUE CAPITAL LOAN NOTES", and moved: ® that the Resolution be adopted. n to ADJOURN and defer action on the Resolution and the proposal to institute proceedings to the meeting to be held at o'clock .M. on the day of , 2019, at this place. Council Member Larson seconded the motion. The roll was called and the vote was, AYES: Rios, Shaw, Resnick, Buol, Del Toro, Larson, Jones NAYS: Whereupon, the Mayor declared the measure duly adopted. RESOLUTION NO. 191-19 RESOLUTION INSTITUTING PROCEEDINGS TO TAKE ADDITIONAL ACTION FOR THE AUTHORIZATION OF A LOAN AND DISBURSEMENT AGREEMENT AND THE ISSUANCE OF NOT TO EXCEED $4,400,000 WATER REVENUE CAPITAL LO3N NOTES WHEREAS, pursuant to notice published as required by law, this Council has held a public meeting and hearing upon the proposal to institute proceedings for the authorization of a Loan and Disbursement Agreement by and between the City and the Iowa Finance Authority, and the issuance to the Iowa Finance Authority of not to exceed $4,400,000 Water Revenue Capital Loan Notes to evidence the obligations of the City under said Loan and Disbursement Agreement, for the purpose of paying costs of acquisition, construction, reconstruction, extending, remodeling, improving, repairing and equipping all or part of the Municipal Water Utility, including those costs associated with the Roosevelt Street water tower and water distribution improvements project and the Eagle Point water treatment plant and water distribution improvements project; and refunding the Water Revenue Capital Loan Notes -4- Anticipation Project Note, Series 2017, dated September 22, 2017, and has considered the extent of objections received from residents or property owners as to said proposal and, accordingly the following action is now considered to be in the best interests of the City and residents thereof: NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DUBUQUE, STATE OF IOWA: Section 1. That this Council does hereby institute proceedings and takes additional action for the authorization of a Loan and Disbursement Agreement by and between the City and the Iowa Finance Authority, and the issuance to the Iowa Finance Authority in the manner required by law of not to exceed $4,400,000 Water Revenue Capital Loan Notes for the foregoing purpose. Section 2. That this Council does hereby consent to the terms and conditions of the DWSRF Loan Program, which terms and conditions and the disclosures provided with respect thereto are hereby acknowledged, accepted and approved. Section 3. That the Clerk, with the assistance of the City Attorney and bond counsel, is hereby authorized and directed to proceed with the preparation of such documents and proceedings as shall be necessary to authorize the City's participation in the DWSRF Loan Program, to select a suitable date for final Council authorization of the required Loan and Disbursement Agreement and issuance of the Note to evidence the City's obligations thereunder, and to take such other actions as the Clerk shall deem necessary to permit the completion of a loan on a basis favorable to the City and acceptable to this Council. Section 4. This Resolution shall serve as a declaration of official intent under Treasury Regulation 1.150-2 and shall be maintained on file as a public record of such intent. It is reasonably expected that Water fund moneys may be advanced from time to time for capital expenditures which are to be paid from the proceeds of the above loan agreement. The amounts so advanced shall be reimbursed from the proceeds of the Loan Agreement not later than eighteen months after the initial payment of the capital expenditures or eighteen months after the property is placed in service. Such advancements shall not exceed the loan amount authorized in this Resolution unless the same are for preliminary expenditures or unless another declaration of intention is adopted. 5 PASSED AND APPROVED this 20th day of May, 2019. ATTEST: 6 STATE OF IOWA COUNTY OF DUBUQUE CERTIFICATE ) SS I, the undersigned City Clerk of the City of Dubuque, State of Iowa, do hereby certify that attached is a true and complete copy of the portion of the corporate records of the City showing proceedings of the City Council, and the same is a true and complete copy of the action taken by the Council with respect to the matter at the meeting held on the date indicated in the attachment, which proceedings remain in full force and effect, and have not been amended or rescinded in any way; that meeting and all action thereat was duly and publicly held in accordance with a notice of meeting and tentative agenda, a copy of which was timely served on each member of the Council and posted on a bulletin board or other prominent place easily accessible to the public and clearly designated for that purpose at the principal office of the Council (a copy of the face sheet of the agenda being attached hereto) pursuant to the local rules of the Council and the provisions of Chapter 21, Code of Iowa, upon reasonable advance notice to the public and media at least twenty-four hours prior to the commencement of the meeting as required by law and with members of the public present in attendance; I further certify that the individuals named therein were on the date thereof duly and lawfully possessed of their respective City offices as indicated therein, that no Council vacancy existed except as may be stated in the proceedings, and that no controversy or litigation is pending, prayed or threatened involving the incorporation, organization, existence or boundaries of the City or the right of the individuals named therein as officers to their respective positions. WITNESS my hand and the seal of the City hereto affixed this. 1St day of May ,'2019, 01591173-1\10422-197 7 City Cle, , City of u.buque,``'tate of Iowa ROLL CALL ORDER FOR MEETING OF May 20, 2019 Rios, Shaw, Resnick, Buol, Del Toro, Larson, Jones CITYOF DUBUQUE, IOWA CITYCOUNCIL MEETING Historic Federal Building Second -Floor Council Chambers 350 W. 6th Street May 20, 2019 Council meetings are video streamed live and archived at www.cityofdubuque.org/media and on Dubuque's CityChannel on the Mediacom cable system at cable channel 8 and digital 117.2 REGULAR SESSION 6:00 PM PLEDGE OF ALLEGIANCE PRESENTATION(S) 1. Employee SPIRIT Awards Service: The Consider it Done Award: Sarah Bennett — Housing & Community Development Department and Rob Blake - Water Department People: The Highest of High Fives Award = Taj Suleyman - Human Rights; Anderson Sainci - Public Works; Nate Lech - Police Department; Maddy Haverland - Housing & Community Development; Nancy Knipper - Water & Resource Recovery Center; Jeremy Jensen - Police Department; and Karen Smith - Police Department Integrity: The Constant Contributor Award = Russ Stecklein - Transportation Services Responsibility: The MacGyver Award = Jennifer Larson - Finance & Budget Department Innovation: The Big Bang Award = Kelli Buchenau - Public Information Office Teamwork: The Cloud 9 Collaborator Award = Marie Ware - Leisure Services; Circle of Excellence = Jenny Messerich - City Attorney's Office; and Stephanie Valentine - City Manager's Office 2. Iowa Environmental Association "Rookie of the Year" Award Public Health Specialist Mary Rose Corrigan will present the Iowa Environmental Health Association "Rookie of the Year" award to City of Dubuque Environmental Sanitarian Katie Baker. 3. American Public Works Association (APWA) 2019 Top Ten Public Works Leader of the Year Past APWA President and 2017 Top Ten Winner Larry Stevens will present Public Work Director John Klostermann with the 2019 Top Ten Leader of the Year award. PROCLAMATION(S) 1. Public Works Week (May 19-25, 2019) Pg. 1 STATE OF IOWA {SS: DUBUQUE COUNTY CERTIFICATION OF PUBLICATION I, Suzanne Pike, a Billing Clerk for Woodward Communications, Inc., an Iowa corporation, publisher of the Telegraph Herald, a newspaper of general circulation published in the City of Dubuque, County of Dubuque and State of Iowa; hereby certify that the attached notice was published in said newspaper on the following dates: May 10, 2019, and for which the charge is $45.30 -1r-2 Subscribed to before me, a Notary Public in and for Dubuque County, Iowa, this ,.,2* 9th day of 27%ti" , 20 /,. otary Pd blic in and for Dubuque Ginty, Iowa. MARY K WESTERMEYER Commission Nurnber 154885 My Commission Exp. Feb. 1, 2020 crrioE DUBUQUE ;OFFICIAL_ NOTICE NOTICE'OFMEETING OF THE °;CITY GOON - CIL Ot4HE CITY'OF DUBUQUE, IOWA:. ON THE MATTER OF,THE PROPOSED AUTHO- RIZATION OF A,LOAN AND ;,-,DISBURSEMENT AP Ei THE;I ski NQT 4 Tg t EX EE9.:; $4,e4O0,0Q0 WATER REYE'NUE,t CAPITAL LOAN NOTES, AND THE PUBLIC ,HEARING ON THE,iAUTHORIZA- TION.AND ISSUANCE THEREOF PUBLIC NOTICE is hereby .given ,that,,,;the City Council oftheCity of •Dubuque Iowa, will hold a, public hearing on the -20th day of"May, 2019,, at, E:30, o'clock PM, tin the, Historic Fed- eral, Building, 350 West 6th„ Street -, Dubuque, Iowa; at which,rneeting theCity ;Council pro- posesito take addition- al action for the authorization of a Loan and r„ :Disbursement Agreement byeand.;-be- tween- the City ,and :the Iowa ;.Finance Authori- ty, andtle issuance -to • the Iowa -Finance „Au- thority of not to exceed $4,400,000 Water , Rev- enue •,Capital ; 'Loan Notes-toevidence-the obligatiip s of the, City: under4sad Loan ;and Disbursement Agree- ment, -in ,order. to pro- videfunds to; pay the costs of acquisition, construction recon- struction, extending, remodeling improving, repairingand,,;equip- ping;all ler,,part of the Municipal- Water,', Sys; tem including -.those costs, ,associated ,with the Roosevelt Street water',tower and,water distribution improve ments,project „and ;the Eagle , Point water l' treatment pl nt aand sater'dislnbU ton'im prevemeii'ts °'protect; and refurtding the �Wa-;r ter Revenue ' Capital t pan -Notes Anticil1. tion Project Note, Se ries 2017, dated Sep-} • tember 22, 2017. -The Notes' Will not Const',; tute 'general obliga'; tions or°be payable1i.n any manner by taxa''• • tion but °will "'" be> payabl'b from" and 'se='': cured by the Net Rev- enues of the Municipal Water Utility, At the}above.Meeting the CityCouhcil shall receive'"o'ral, or written objections _from.'any'. resident or, ;property owner of)+thee ity ,to thdatioue�a troh-rAfitW alba ppje„actior shave beer. reoeryed ansl�con= siderer"the Ctty'Cou,n- cil wijl`at this teeting or at "any adfoun nenot:- thereof,; take additional actipn for th'e author ration, cof said Loan and Disburseirient- Agreeriient and the is- suance.of Notes o,r. will abandd'n the ,proposal to. issue"the'Notes . This NgtiCejsgivep by order of the City Coun cil of the, .City :of Dub.ugye, lowa,'as pro 111 vided by Sections 38424A',and38483Fas amended ; x Copies W supporfing documents for the dub- lic'hearing's are on file in the,City Clerk's Of- fice, `City Hall"'50 W. s�;�ndmayu5e vied� diigrmal workingrhoursW, Written.cpmrflents re garding the,aboye pub lic hearings.-rnay be submitted to the••City Clerk's Offipe, .50 ; W 13th St Dubuque, IA 52001 op ori bt?fore sai>;Ifq tE�tr�ie of� �`pul�lie hear', g?� At sartl�trf#�'e and ;place.. of .;public hearings all interested citizens and :parties will be'given an ;oppor- tunity'to be` heard for or agaihst said propos al In iy,Idualswith limit - e , ngt h proficiency, vision,',, pearrrt ;or speechr- ' Flnipairrdents requiring speciall=`assis tante `'-should coritact' the .City Clerk's. Office at`�(563), 5894160 or TDD" (5"63) 690'6678 as soon`as feasible. -Dated this 10th -;day of May, 2019 IEevm S nstahl City Clerk, City of Dubuque State fn ldwa It 5/10