Series 2017C Taxable General Obligation Urban Renewal_Hearing Copyright 2014
City of Dubuque Public Hearings # 3.
ITEM TITLE: Series 2017C Taxable General Obligation Urban Renewal
Refunding Bonds
SUMMARY: Proof of publication on notice of public hearing to consider
approval of the suggested proceedings to take additional
action for the issuance of Taxable General Obligation
Urban Renewal Refunding Bonds, Series 2017C,
proceedings to direct advertisement for sale, and approval
of electronic bidding procedures, and the City Manager
recommending approval.
RESOLUTION Instituting proceedings to take additional
action for the issuance of not to exceed $2,200,000
Taxable General Obligation Urban Renewal Refunding
Bonds
RESOLUTION Directing the advertisement for sale of
$2,155,00 (dollar amount subject to change)Taxable
General Obligation Urban Renewal Refunding Bonds,
Series 2017C, and approving electronic bidding
procedures
SUGGESTED DISPOSITION: Suggested Disposition: Receive and File; Adopt
Resolution(s)
ATTACHMENTS:
Description Type
MVM Memo City Manager Memo
Staff Memo Staff Memo
Bond Counsel Cover Letters Supporting Documentation
Series 2017C Resolution Additional Action Resolutions
Serries 2017C Directing Sale Resolutions
Proof of Publication Supporting Documentation
THE CITY OF Dubuque
U E I
erica .i
Masterpiece on the Mississippi 2007-2012-2013
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
$2,200,000 Taxable General Obligation Urban Renewal Refunding Bonds,
Series 2017C, Proceedings to Direct Advertisement for Sale, and
Approval of Electronic Bidding Procedures
DATE: February 15, 2017
Budget Director Jennifer Larson is recommending City Council approval of the
suggested proceedings for the public hearing, recommend the advertisement for the
sale, and approval of the electronic bidding procedures on the issuance of Taxable
General Obligation Urban Renewal Refunding Bonds, the proceeds of which will be
used for refunding previously issued bonds.
DISCUSSION
Of the bond amount:
• $2,100,000 is intended to provide funds to refund previously issued bond series
that are now callable to realize estimated interest savings of $101,565. The
refunding includes General Obligation Bond Series 2010B $2,100,000.
• $21,550 is intended to provide funds for bond issuance costs and
• $78,450 to be a contingency for fluctuations in the bond market for interest rates,
bond issuance costs and change in project costs.
The refunding debt is repaid by Greater Downtown tax increment revenue.
The borrowing is subject to the "reverse referendum" procedures, under which petitions
may be filed prior to the hearing asking that the bond proposal be submitted to an
election. To qualify, a petition must be signed by eligible electors equal to at least ten
percent of the number who voted at the last regular municipal election (but not less than
ten persons). The proceedings have been prepared on the basis that no objections or
petitions calling for an election on the bond proposal will be filed with the City Clerk. If
there are objections, we will need to summarize them. The Mayor will then declare the
hearing on the issuance of said bonds closed. Immediately following, and assuming no
petitions have been filed, a resolution is to be introduced and adopted entitled
"Resolution Instituting Proceedings to Take Additional Action for the Issuance of Not to
Exceed $2,200,000 Taxable General Obligation Urban Renewal Refunding Bonds."
In the event the Council decides to abandon the proposal to issue said bonds, then the
form of resolution included in said proceeding should not be adopted. In this event, a
motion needs to be adopted to the effect that such bond proposal is abandoned.
Section 384.25 of the Code of Iowa provides that any resident or property owner of the
City may appeal the decision to take additional action to issue the bonds, to the District
Court of a county in which any part of the City is located, within 15 days after such
additional action is taken, but that the additional action is final and conclusive unless the
court finds that the Council exceeded its authority.
The bond sale will be held on March 20, 2017.
1 concur with the recommendation and respectfully request Mayor and City Council
approval.
Michael C. Van Milligen
MCVM/jml
Attachment
cc: Crenna Brumwell, City Attorney
Cindy Steinhauser, Assistant City Manager
Teri Goodmann, Assistant City Manager
Jennifer Larson, Budget Director
Jean Nachtman, Finance Director
THE CITY OF Dubuque
DUB E i°-�e
Mastel piece on the Mississippi 2007.2012.2013
TO: Michael C. Van Milligen, City Manager
FROM: Jennifer Larson, Budget Director
SUBJECT: Proceedings for Public Hearing on the Issuance of Not to Exceed
$2,200,000 Taxable General Obligation Urban Renewal Refunding Bonds,
Series 2017C, Proceedings to Direct Advertisement for Sale, and
Approval of Electronic Bidding Procedures
DATE: February 15, 2017
INTRODUCTION
The purpose of this memorandum is to provide the suggested proceedings for the public
hearing, recommend the advertisement for the sale, and approval of the electronic
bidding procedures on the issuance of Taxable General Obligation Urban Renewal
Refunding Bonds, the proceeds of which will be used for refunding previously issued
bonds. A letter from attorney Mark Cory detailing information on the bond hearing is
enclosed.
DISCUSSION
Of the bond amount:
• $2,100,000 is intended to provide funds to refund previously issued bond series
that are now callable to realize estimated interest savings of$101,565. The
refunding includes General Obligation Bond Series 2010B $2,100,000.
• $21,550 is intended to provide funds for bond issuance costs and
• $78,450 to be a contingency for fluctuations in the bond market for interest rates,
bond issuance costs and change in project costs.
The refunding debt is repaid by Greater Downtown tax increment revenue.
The borrowing is subject to the "reverse referendum" procedures, under which petitions
may be filed prior to the hearing asking that the bond proposal be submitted to an
election. To qualify, a petition must be signed by eligible electors equal to at least ten
percent of the number who voted at the last regular municipal election (but not less than
ten persons). The proceedings have been prepared on the basis that no objections or
petitions calling for an election on the bond proposal will be filed with the City Clerk. If
there are objections, we will need to summarize them. The Mayor will then declare the
hearing on the issuance of said bonds closed. Immediately following, and assuming no
petitions have been filed, a resolution is to be introduced and adopted entitled
"Resolution Instituting Proceedings to Take Additional Action for the Issuance of Not to
Exceed $2,200,000 Taxable General Obligation Urban Renewal Refunding Bonds."
In the event the Council decides to abandon the proposal to issue said bonds, then the
form of resolution included in said proceeding should not be adopted. In this event, a
motion needs to be adopted to the effect that such bond proposal is abandoned.
Section 384.25 of the Code of Iowa provides that any resident or property owner of the
City may appeal the decision to take additional action to issue the bonds, to the District
Court of a county in which any part of the City is located, within 15 days after such
additional action is taken, but that the additional action is final and conclusive unless the
court finds that the Council exceeded its authority.
The bond sale will be held on March 20, 2017. A letter from attorney Mark Cory detailing
information on the bond advertisement is enclosed.
RECOMMENDATION
I respectfully recommend the adoption of the enclosed resolution instituting the
proceedings to take additional action and adoption of the enclosed resolution to cover
the advertisement for sale of the above bonds and approve electronic bidding
procedures.
JML
Attachment
cc: Crenna Brumwell, City Attorney
Cindy Steinhauser, Assistant City Manager
Teri Goodmann, Assistant City Manager
Jean Nachtman, Finance Director
B
Ahlers&Cooney, P.C.
AHLERS C®®NEY Attorneys at Law
100 Court Avenue, Suite 600
A T`t" 0 R N E Y 5 Des Moines, Iowa 50309-2231
Phone: 515-243-7611
Fax: 515-243-2149
www.ahlerslaw.com
R. Mark Cory
515.246.0378
rcory@ahlerslaw.com
i
i
February 13, 2017 y
Via Email and UPS Overnight Delivery
Ms. Jenny Larson
Budget Director
50 W. 13th Street
Dubuque, Iowa 52001
Re: City of Dubuque, Iowa
General Obligation Bonds, Series 2017A
General Obligation Urban Renewal Refunding Bonds, Series 2017B
Taxable General Obligation Urban Renewal Refunding Bonds, Series 2017C
�I
Dear Jenny: j
I
We have prepared and enclose herewith suggested proceedings to be acted upon by the
I
Council on the date fixed for the hearings on the authorization of the issuance of the above
mentioned bonds,pursuant to the provisions of Code Sections 384.25 and 403.12. Certificates to
attest the proceedings are also enclosed. A separate set of procedure is enclosed for each
series.
As to the essential corporate purpose of the bond issue,the 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 Council to issue the bonds. 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 not to abandon the proposal to issue the bonds, a
form of resolution follows that should be introduced and adopted.
Action Must be Taken at Hearing.
The Council is required by statute to adopt the resolution instituting proceedings to issue
the bonds at the hearing or an adjournment thereof. If necessary to adjourn, the minutes are
written to accommodate that action.
In the event the Council decides to abandon the proposal, then the form of resolution
included in the 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.
Section 384.25 of the Code of Iowa, provides that any resident or property owner of the
City may appeal the decision to take additional action to issue the bonds, to the District Court of
a county in which any part of the city is located, within 15 days after such additional action is
WISHARD & BAILY - 1888; GUERNSEY & BAILY - 18931 BAILY & STIPP - 19011 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
February 13, 2017
Page 2
taken, but that the additional action is final and conclusive unless the court finds that the 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 our office for review.
As to the urban renewal purpose portions of the bond issue,the proceedings have been
prepared on the basis that no petition will be filed with you, asking that the question of issuing
the Bonds be submitted to the qualified electors of the City. You will note that these proceedings
refer to the fact that the hearing was held and that no petition had been filed.
Action Must be Taken at Hearing.
If no petition is filed, the Council should proceed to adopt the resolution instituting
proceedings to take additional action for the authorization of the issuance of the bonds. Please
notify me of the action taken so we can arrange to prepare the proceedings to follow.
In the event the Council decides to abandon the proposal to issue bonds, then the form of
resolution should not be adopted. We would suggest that, in this event, a motion merely be
adopted to the effect that the proposal is abandoned.
If Petition for Referendum is Filed.
If such a petition has been received and if the Council decides not to abandon the
proposal to issue the bonds, a form of resolution should be introduced and adopted, to adjourn
the matter to permit preparation of the resolution to call an election.
Please see that we are advised immediately if a petition is filed bearing signatures of a
sufficient number of eligible electors.
Also enclosed is an extra copy of each set of proceedings to be filled in as the original
and certified back to this office. If you have any questions pertaining to the proceedings
enclosed or this letter, please do not hesitate to either write or call.
VeVark
you ,
R. ory
FORTHE FIRM
RMC:csm
Enclosures
cc: Jean Nachtman
Kevin Firnstahl
Tionna Pooler
01326021-1\10422-177
Ahlers&Cooney,P.C.
AHLERS COONEY
''►❑ N E Y Attorneys at Law
100 Court Avenue, Suite 600
`"t`T ® R N E Y 5 Des Moines, Iowa 50309-2231
Phone: 515-243-7611
Fax: 515-243-2149
www.ahlerslaw.com
R. Mark Cory
515.246.0378
rcory@ahlerslaw.com
February 13, 2017
Via Email and UPS Overnight Delivery
i
Ms. Jenny Larson
Budget Director
50 W. 13th Street
Dubuque, Iowa 52001 y
�I
Re: City of Dubuque, Iowa
l
General Obligation Bonds, Series 2017A
General Obligation Urban Renewal Refunding Bonds, Series 2017B
Taxable General Obligation Urban Renewal Refunding Bonds,
Series 2017C l
1
Dear Jenny:
I am enclosing proceedings to cover the advertisement for sale of General Obligation
Bonds and approving electronic bidding procedures for the sale. A separate set of procedure is
enclosed for each series.
The Clerk has been authorized to select a date for sale and to publish the Notice of Bond
Sale, form of which is enclosed. In choosing a date for the sale, be sure that the Council
members will be available to meet and that you have sufficient time to publish the notice.
Publication Requirement--Notice of Bond Sale.
The Notice of Bond Sale must be published at least one time in a newspaper published in
the County where the Bonds are offered for sale. We have prepared a combined Notice of Sale
for these issues to reduce the publication costs. The Bond sale may be held at any time; but not
less than four clear days nor more than twenty days following the date of the last publication.
An extra copy of the notice is enclosed for use by the newspaper. (The enclosed certificate
covering the publication of the notice should be returned promptly together with a copy of the
published notice so we can proof the publication.)
The Notice of Sale includes language to permit the use of electronic bidding. You should
have Independent Public Advisors LLC's recommendation that electronic bidding procedures be
utilized for this Bond sale. Based upon this recommendation,the Iowa Code requires that the
Council make a finding that the recommended procedure will provide reasonable security and
maintain the integrity of the competitive bidding process and facilitate the delivery of bids by
WISHARD & BAILY - 1$$$; GUERNSEY & BAILY - 1$93; GAILY & 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
February 13, 2017
Page 2
interested parties under the circumstances of the particular sale. The proceedings enclosed are
prepared on the basis that the Council will agree with the recommendation and make the
necessary findings.
Enclosed is an extra copy of each set of procedure to be completed as the original and
returned to our office for the transcripts.
In the near future, we will send proceedings for the receipt of bids and award of sale.
Please let me know if you have any questions.
Very trul yours,
R. ark Cory
FOR THE FIRM
RMC:csm
Enclosures
cc: Jean Nachtman
Kevin Firnstahl
Tionna Pooler
01325995-1\10422-177
/� Ahlers&Cooney,P.C.
A H L E R S C O O N E Y Attorneys at Law
100 Court Avenue, Suite 600
.T`1" C3 R TAT E "Y 5 Des Moines, Iowa 50309-2231
Phone: 515-243-7611
Fax: 515-243-2149
www.ahlerslaw.com
R. Mark Cory
515.246.0378
rcory@ahlerslaw.com
February 13, 2017
Via Overnight Deliver]
Ms. Jenny Larson
Budget Director
50 W. 13' Street
Dubuque, Iowa 52001
RE: City of Dubuque, State of Iowa
- General Obligation Bonds, Series 2017A
- General Obligation Urban Renewal Refunding Bonds, Series 2017B
Taxable General Obligation Urban Renewal Refunding Bonds,
Series 2017C
Dear Jenny: J
I am enclosing a proposed Engagement Agreement covering Bond and Disclosure
Counsel services for future series of Bonds to be issued by the City. Also, with respect to
the three issues expected to be issued this spring, this is to advise you that fees for
services provided for the above issues will be as follows:
Bond Counsel Disclosure Counsel
Issue Fee Fee
• General Obligation Bonds $12,500
• General Obligation Urban Renewal
Refunding Bonds $13,250
• Taxable General Obligation Urban
Renewal Refunding Bonds $ 6,600.
All 3 issues combined $12,000
(G.O./UR/Taxable UR)
In addition to the flat fees listed above, we will bill you for all expenses incurred on your
behalf regarding each issue as set forth in the Agreement.
February 13, 2017
Page 2
If you have any questions about the proposed agreement or any related matters,
please do not hesitate to contact me.
Very truly you
R. Marls Cory
FOR THE FIRM
i
RMC:kls
Enclosure
cc: Jen Nachtman
Tionna Pooler
0132911 0-1\10422-177/178/179
G
i
I
r
9
I
ITEMS TO INCLUDE ON AGENDA FOR FEBRUARY 20, 2017
CITY OF DUBUQUE, IOWA
Not to Exceed $2,200,000 Taxable General Obligation Urban Renewal Refunding Bonds.
• Public hearing on the issuance.
• Resolution instituting proceedings to take additional action.
NOTICE MUST BE GIVEN PURSUANT TO IOWA CODE
CHAPTER 21 AND THE LOCAL RULES OF THE CITY.
February 20, 2017
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 P.M. on the above date.
There were present Mayor Roy D. Buol in the chair, and the following named Council Members:
Joyce Connors, Luis Del Toro, Ric Jones, Kevin Lynch, David
Resnick, Jake Rios
Absent:
Vacant:
1
The Mayor announced that this was the time and place for the public hearing and meeting
on the matter of the issuance of not to exceed $2,200,000 Taxable General Obligation Urban
Renewal Refunding Bonds, of the City of Dubuque, State of Iowa, in order to provide funds to
pay the costs of the settlement, adjustment, renewing, or extension of any part or all of the legal
indebtedness of a city, whether evidenced by bonds, warrants, or judgments, or the funding or
refunding of the same, whether or not such indebtedness was created for a purpose for which
general obligation bonds might have been issued in the original instance, including Taxable
General Obligation Urban Renewal Bonds, Series 2010B, for an essential corporate purpose, and
that notice of the proposal to issue the Bonds and the right to petition for an election had been
published as provided by Sections 384.24(3)(q), 384.25 and 403.12 of the Code of Iowa, and the
Mayor then asked the City Clerk whether any petition had been filed in the Clerk's Office, as
contemplated in Section 362.4 of the Code of Iowa, and the Clerk reported that no such petition
had been filed, requesting that the question of issuing the Bonds be submitted to the qualified
electors of the City.
The Mayor then asked the Clerk whether any written objections had been filed by any
resident or property owner of the City to the issuance of the Bonds. The Clerk advised the
Mayor and the Council that -0- written objections had been filed. The Mayor then called for oral
objections to the issuance of the Bonds 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)
Whereupon, the Mayor declared the hearing on the issuance of the Bonds to be closed.
2
The Council then considered the proposed action and the extent of objections thereto.
Whereupon, Council Member Connors introduced and delivered to the Clerk the
Resolution hereinafter set out entitled "RESOLUTION INSTITUTING PROCEEDINGS TO
TAKE ADDITIONAL ACTION FOR THE ISSUANCE OF NOT TO EXCEED $2,200,000
TAXABLE GENERAL OBLIGATION URBAN RENEWAL REFUNDING BONDS", and
moved:
X
that the Resolution be adopted.
to ADJOURN and defer action on the Resolution and the proposal to institute
proceedings for the issuance of bonds to the meeting to be held at
.M. on the day of , 2017, at this place.
Council Member Lynch seconded the motion. The roll was called and the vote was,
AYES: Connors, Resnick, Lynch, Rios, Buol, Jones, Del Toro
NAYS:
Whereupon, the Mayor declared the measure duly adopted.
RESOLUTION NO. 74-17
RESOLUTION INSTITUTING PROCEEDINGS TO TAKE
ADDITIONAL ACTION FOR THE ISSUANCE OF NOT TO
EXCEED $2,200,000 TAXABLE GENERAL OBLIGATION
URBAN RENEWAL REFUNDING BONDS
WHEREAS, pursuant to notice published as required by law, the City Council has held a
public meeting and hearing upon the proposal to institute proceedings for the issuance of not to
exceed $2,200,000 Taxable General Obligation Urban Renewal Refunding Bonds, for the
essential corporate purpose, in order to provide funds to pay the costs of the settlement,
adjustment, renewing, or extension of any part or all of the legal indebtedness of a city, whether
evidenced by bonds, warrants, or judgments, or the funding or refunding of the same, whether or
not such indebtedness was created for a purpose for which general obligation bonds might have
been issued in the original instance, including Taxable General Obligation Urban Renewal
Bonds, Series 2010B, and has considered the extent of objections received from residents or
property owners as to the proposed issuance of Bonds; and no petition was filed calling for a
referendum thereon. The following action is now considered to be in the best interests of the
City and residents thereof.
3
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 take additional action
for the authorization and issuance in the manner required by law of not to exceed $2,200,000
Taxable General Obligation Urban Renewal Refunding Bonds, for the foregoing essential
corporate purpose.
PASSED AND APPROVED this 20th day of February, 2017.
ATTEST:
City Clerk
,,,,, o z,,, ,
Mayor is
4
ITEMS TO INCLUDE ON AGENDA FOR FEBRUARY 20, 2017
CITY OF DUBUQUE, IOWA
$2,155,000 (DollarAmount Subject to Change) Taxable General Obligation Urban Renewal
Refunding Bonds, Series 2017C.
• Resolution directing the advertisement for sale and approving electronic bidding
procedures.
NOTICE MUST BE GIVEN PURSUANT TO IOWA CODE
CHAPTER 21 AND THE LOCAL RULES OF THE CITY.
February 20, 2017
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 P.M. on the above date.
There were present Mayor Roy D. Buol in the chair, and the following named Council Members:
Joyce Connors, Luis Del Toro, Ric Jones, Kevin Lynch, David
Resnick, Jake Rios
Absent:
Vacant:
Council Member Connors introduced the following Resolution entitled "RESOLUTION
DIRECTING THE ADVERTISEMENT FOR SALE OF $2,155,000 (DOLLAR AMOUNT
SUBJECT TO CHANGE) TAXABLE GENERAL OBLIGATION URBAN RENEWAL
REFUNDING BONDS, SERIES 2017C, AND APPROVING ELECTRONIC BIDDING
PROCEDURES" and moved its adoption. Council Member Lynch seconded the Resolution to
adopt. The roll was called and the vote was,
AYES: Connors, Resnick, Lynch, Rios, Buol, Jones, Del Toro
NAYS:
Whereupon, the Mayor declared the resolution duly adopted as follows:
RESOLUTION NO. 75-17
RESOLUTION DIRECTING THE ADVERTISEMENT FOR
SALE OF $2,155,000 (DOLLAR AMOUNT SUBJECT TO
CHANGE) TAXABLE GENERAL OBLIGATION URBAN
RENEWAL REFUNDING BONDS, SERIES 2017C, AND
APPROVING ELECTRONIC BIDDING PROCEDURES
WHEREAS, the Issuer is in need of funds to pay costs of the settlement, adjustment,
renewing, or extension of any part or all of the legal indebtedness of a city, whether evidenced
by bonds, warrants, or judgments, or the funding or refunding of the same, whether or not such
indebtedness was created for a purpose for which general obligation bonds might have been
issued in the original instance, including Taxable General Obligation Urban Renewal Bonds,
Series 2010B, an essential corporate purpose project, and it is deemed necessary and advisable
that the City issue Taxable General Obligation Urban Renewal Refunding Bonds, for such
purpose to the amount of not to exceed $2,200,000 as authorized by Sections 384.25 and 403.12
of the Code of Iowa; and
WHEREAS, pursuant to notice published as required by Sections 384.25 and 403.12 this
Council has held a public meeting and hearing upon the proposal to institute proceedings for the
issuance of said Bonds, and all objections, if any, to such Council action made by any resident or
property owner of the City were received and considered by the Council; and no petition having
been filed, it is the decision of the Council that additional action be taken for the issuance of said
Bonds for such purpose, and that such action is considered to be in the best interests of the City
and the residents thereof; and
WHEREAS, the Council has received information from its Municipal Advisor evaluating
and recommending the procedure hereinafter described for electronic, facsimile and internet
bidding to maintain the integrity and security of the competitive bidding process and to facilitate
the delivery of bids by interested parties; and
WHEREAS, the Council deems it in the best interests of the City and the residents
thereof to receive bids to purchase such Bonds by means of both sealed and electronic internet
communication.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF DUBUQUE, STATE OF IOWA:
Section 1. That the receipt of electronic bids by facsimile machine and through the Parity
Competitive Bidding System described in the Notice of Sale are hereby found and determined to
provide reasonable security and to maintain the integrity of the competitive bidding process, and
to facilitate the delivery of bids by interested parties in connection with the offering at public
sale.
Section 2. That Taxable General Obligation Urban Renewal Refunding Bonds,
Series 2017C, the City of Dubuque, State of Iowa, in the amount of $2,155,000 (dollar amount
subject to change), to be issued as referred to in the preamble of this Resolution, to be dated
April 17, 2017, be offered for sale pursuant to the published advertisement.
Section 3. That the Clerk is hereby directed to publish notice of sale of the Bonds at least
once, the last one of which shall be not less than four clear days nor more than twenty days
before the date of the sale. Publication shall be made in the "Telegraph Herald", a legal
newspaper, printed wholly in the English language, published within the county in which the
Bonds are to be offered for sale or an adjacent county. The notice is given pursuant to Chapter
75 of the Code of Iowa, and shall state that this Council, on the 20th day of March, 2017, at 6:00
P.M., will hold a meeting to receive and act upon bids for said Bonds, which bids were
previously received and opened by City Officials at 11:00 A.M. on said date.
PASSED AND APPROVED this 20th day of February, 20,17.
Mayor
ATTEST:
ENGAGEMENT AGREEMENT
The purpose of this Engagement Agreement (the "Agreement") is to disclose and
memorialize the terms and conditions under which services will be rendered by Ahlers and
Cooney, P.C., in its capacity as Bond Counsel and Disclosure Counsel to the City of Dubuque,
Iowa (the "Issuer") in connection with the issuance of bonds, notes, and other obligations (the
"Bonds").
SCOPE OF ENGAGEMENT
Bond Counsel
In the role of Bond Counsel, we will provide the following services:
1. Prepare and review documents related to the authorization, issuance and delivery of
the Bonds (the "Proceedings").
2. After proper approval and execution of the Proceedings, render our legal opinion (the
"Bond Opinion") regarding the validity and enforceability of the Bonds, the source of
payment with regard to the legality of the security pledged, and the excludability of
interest on the Bonds from gross income for federal tax purposes, as applicable.
3. Review those sections of any offering or disclosure documents (the "Offering
Documents") to be disseminated in connection with the sale of the Bonds related
solely to the description of the Bonds, the legal basis for the security pledged, the tax-
exempt status of the Bonds, and excerpts, summaries or copies of the Bond Opinion.
4. Upon request, assist the Issuer in presenting information to bond rating organizations
and providers of credit enhancement relating to the issuance of Bonds.
5. Prepare procedure to advertise and direct the sale of Bonds when we are advised that
a particular issue of Bonds will be sold at public sale, and prepare procedure
accepting a proposal to purchase the Bonds when we are advised that the sale of a
particular issue of Bond will accomplished by negotiated sale.
6. Draft the Continuing Disclosure Certificate of the Issuer, if applicable.
7. Prepare an IRS Form 8038-G or 8038 -GC, when applicable.
As Bond Counsel, our examination will extend to the actions and approvals necessary to
authorize the issuance and initial delivery of the Bonds to the purchaser thereof. Our Bond
Opinion does not extend to any re -offering of the Bonds by the original purchaser thereof or
other persons, and will be delivered by us on the date the Bonds are exchanged for their purchase
price (the "Closing").
The Bond Opinion will be based on facts and law existing as of its date. In rendering our
Bond Opinion, we will rely upon the certified proceedings and other certifications of public
officials and other persons furnished to us without undertaking to verify the same by independent
investigation, and we will assume continuing compliance by the Issuer with applicable laws
relating to the Bonds. During the course of this engagement, we -will -rely on the Issuer, and
authorized officials, to provide us with complete and timely information on all developments
pertaining to any aspect of the Bonds and their security.
1
Disclosure Counsel
As we have discussed, disclosure counsel is engaged to advise the City with respect to
Iowa law and federal law relating to disclosure requirements that pertain to governmental debt
obligations. The primary responsibility of disclosure counsel is to assist the bond issuer in
meeting its disclosure obligations under Rules 10(b)-5 and 15c2-12 promulgated by the
Securities and Exchange Commission pursuant to the Securities Exchange Act of 1934,
Currently, the City has separately retained Independent Public Advisors, LLC to serve as
Municipal Advisor ("MA") to the City in connection with the issuance of Bonds. We understand
that Independent Public Advisors, LLC or any successor Municipal Advisor, will, as part of its
engagement; prepare official statements or other offering materials ("Offering Documents") for
distribution to potential investors.
As disclosure counsel to the City, we will provide advice and assistance to the City and
the City's Municipal Advisor in preparing the preliminary and final Offering Documents as either
party may request.
Subject to satisfactory completion of our review of the same, we expect to provide to the
City written advice that, in the course of our participation in the preparation of the Offering
Documents, no information has come to our attention which leads us to believe that the Offering
Documents, as of their date (excluding financial statements, other statistical data, any feasibility
reports, statements of trends and forecasts, information concerning any bond insurance and the
Depository Trust Company contained in any Offering Documents, or the appendices, as to which
we will express no opinion or view), contains any untrue statement of material fact or omits to
state a material fact required to be stated in order to make the statements therein, in light of the
circumstances in which they were made, not misleading.
The written advice rendered hereunder will be dated and executed and delivered by us on
the date the Bonds are exchanged for their purchase price (the "Closing") and will be based on
existing law as of its date. Upon delivery of our written advice and the filing of all appropriate
closing documents, our responsibilities as disclosure counsel will be concluded with respect to
the Offering Documents relating to the issuance of that particular series of Bonds.
In rendering our advice, we will rely upon the certified proceedings and other
certifications of public officials and other persons furnished to us without undertaking to verify
the same by independent investigation. During the course of the engagement, we will rely on the
City's staff to provide us with complete and timely information on all developments pertaining to
any aspect of the Bonds and their security.
2
OTHER SERVICES
Our duties in this engagement are limited to those expressly set forth above. This
Engagement Agreement does not include the following services, or any other matter not required
to render our Bond Opinion:
a. Preparing requests for tax rulings from the Internal Revenue Service, or "no action"
letters from the Securities and Exchange Commission.
b. Drafting state constitutional or legislative amendments.
c. Pursuing test cases or other litigation, such as contested validation proceedings.
d. After Closing, providing advice concerning any actions necessary to assure
compliance with any continuing disclosure undertaking, including monitoring
Issuer's continued compliance with the undertaking.
e. Representing the Issuer in Internal Revenue Service examinations or inquiries, or
Securities and Exchange Commission investigations.
f. After Closing a particular issue of Bonds, providing continuing advice to the Issuer or
any other party concerning actions necessary to assure that interest paid on that issue
of Bonds will continue to be excludable from gross income for federal income tax
purposes (e.g. this Bond Counsel engagement for the Bonds does not include rebate
calculations, nor continuing post -issuance compliance activities).
We will provide one or more of the services listed in (a)—(f) upon your request, however, a
separate, written Engagement Agreement will be required before we assume one or more of the
above duties.
Services listed in subparts (g)—(j), below, are not included in this Engagement
Agreement, nor will they be provided at any time.
g. Acting as an underwriter, or otherwise marketing the Bonds.
h. Acting in a financial advisory role.
i. Preparing blue sky or investment surveys with respect to the Bonds.
j. Making an investigation or expressing any view as to the creditworthiness of the
Issuer or of the Bonds.
ATTORNEY-CLIENT RELATIONSHIP
Upon our receipt of notification that Bond Counsel services are requested under this
Engagement Agreement, the Issuer will be our client and an attorney-client relationship will exist
between us as outlined above. We assume that all other parties to each such transaction will
retain such counsel as they deem necessary and appropriate to represent their interests. We
further assume that all parties understand that in each such transaction we represent only the
Issuer, we are not counsel to any other party, and we are not acting as an intermediary among the
parties. Our services as Bond Counsel are limited to those contracted for in this letter; the
Issuer-'-s-execution-of-this-engagement ageement-wil-I-const-itute-an-aekn&wledgement o -f -those
limitations. Our representation of the Issuer will not affect, however, our responsibility to render
an objective Bond Opinion.
3
Each representation of the Issuer and the attorney-client relationship for the Bonds
created by this Engagement Agreement will be concluded upon issuance of that respective issue
of Bonds. Nevertheless, subsequent to Closing, we will mail the appropriate Internal Revenue
Service Form 8038, and prepare and distribute to the participants in the transaction a transcript of
the proceedings pertaining to the Bonds.
FEES
We will charge a flat fee for services rendered under this Agreement and will notify you
and your Municipal Advisor, if applicable, of the applicable fee for each issue of Bonds. It is not
anticipated that it will be necessary for us to personally attend meetings in order to provide the
Bond Counsel services outlined above, but we will do so in the event that circumstances require.
If, at any time, we believe that an adjustment of our flat fee is necessary during an engagement as
Bond Counsel for a particular issuance of Bonds, we will advise you. Such adjustment might be
necessary in the event: (a) the principal amount of Bonds to be issued differs significantly from
the amount stated at the time we advise you of our fee; (b) there are material changes in the
structure, security or opinion from the description of the Bonds after we advise you of our fee; or
(c) unusual or unforeseen circumstances arise which require a significant increase in the services
rendered, such as personal attendance at meetings, significant travel, or unexpected revision of
the issuance documents at the request of the Issuer, any agent acting on your behalf (such as a
financial advisor), the purchaser, a bond insurer, other counsel providing services with respect to
issuance of a particular issuance of Bonds.
In addition to the flat fee, we will bill you for all expenses incurred on your behalf, such
as travel cost reimbursement, photocopying, deliveries, long distance telephone charges,
telecopier charges, filing fees, computer-assisted research, bond printing, and other related
expenses. Generally these expenses will not exceed $600. We will contact you prior to
incurring expenses that exceed that amount.
Our statement for services and expenses will be sent after each particular issue of Bonds
have been closed and is due and payable within thirty (30) days of reciept.
If, for any reason, you terminate the engagement on a particular issue of Bonds covered
by this Agreement before closing a particular issue of Bonds are not issued for any reason, or the
Bonds are issued without the delivery of our Bond Opinion, we will bill you for the services
rendered on your behalf up to that point. These services will be billed at the normal hourly rates
for those attorneys and legal assistants who have performed such services. We will also then bill
you for all expenses we have incurred as outlined above. My current hourly rate is $315. Work
performed by associates will be billed at $210 per hour. Services performed on your behalf by
legal assistants will be billed at $115 per hour.
4
RECORDS
At your request, papers and property furnished by you will be returned promptly upon
receipt of payment for outstanding fees and client charges. Our own files, including lawyer work
product, pertaining to the transaction will be retained by us. For various reasons, including the
minimization of unnecessary storage expenses, we reserve the right to dispose of any documents
or other material retained by us after the termination of this engagement.
APPROVAL
Please carefully review the terms and conditions of this Agreement. If the above
correctly reflects the terms of this engagement, please obtain approval by your governing
body, and execute, date and return to me the enclosed copy of this Agreement. Please
retain the original for your file.
If you have questions regarding any aspect of the above or our representation as Bond
Counsel, please do not hesitate to write or call.
It has been a pleasure to serve you in the past, and we look forward to our continued
relationship.
Accepted:
City of Dubuqu , State of Iowa*
By:
Very truly yours,
R. Mark Cory
FOR THE FIRM
Date:
February 20, 2017
*Approved by Motion or Resolution No.7 0 -17 of the governing body on 2/20 , 2017.
72-17
74-17
01329103-1\ 10422-.177
5
Kevin Firnstahl
From:Jean Nachtman
Sent:Monday, February 27, 2017 12:32 PM
To:R. Mark Cory
Cc:Jenny Larson; Kevin Firnstahl
Subject:2017ABC: Debt Certificate
Attachments:2017 ABC - Debt Certificate.pdf
Hi Mark,
See attached Certificate and back up. Any questions, please give me a call.
Jean
Jean M. Nachtman, CPA, CPFO
City of Dubuque
Finance Director
50 W 13th St
Dubuque, IA 52001
Phone: 563.589.4141
Fax: 563.690.6689
jnachtma@cityofdubuque.org
Imagine Dubuque! Have you shared your ideas to make Dubuque a more viable, livable, and equitable community? To
learn more and share your ideas visit http://imaginedubuque.com or download the project app today!
1
AHLERS COONEY
ATT0 R N EYS
February 13, 2017
Via Overnight Delivery
Ms. Jenny Larson
Budget Director
50 W. 13th Street
Dubuque, Iowa 52001
Ahlers & Cooney, P.C.
Attorneys at Law
100 Court Avenue, Suite 600
Des Moines, Iowa 50309-2231
Phone: 515-243-7611
Fax: 515-243-2149
www.ahlerslaw.com
R. Mark Cory
515.246.0378
RCory@ahlerslaw.com
Re: City of Dubuque, State of Iowa
- General Obligation Bonds, Series 2017A
- General Obligation Urban Renewal Refunding Bonds, Series 2017B
- Taxable General Obligation Urban Renewal Refunding Bonds, Series 2017C
Dear Jenny:
To assist you with issuance of the above -captioned financings, we must establish a
mutual understanding regarding the timing of expenditures, the use of proceeds and certain post -
issuance matters.
Please read, complete and return the enclosed Debt Certificate to us via e-mail at your
earliest convenience.
If you have any questions, please do not hesitate to contact me.
R. Mark Cory
FOR THE FIRM
RMC:ks
Enclosures
01329112-1\10422-177
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
DEBT CERTIFICATE
IN CONNECTION WITH
DUBUQUE, IOWA
GENERAL OBLIGATION BONDS, SERIES 2017A
GENERAL OBLIGATION URBAN RENEWAL
REFUNDING BONDS, SERIES 2017B
TAXABLE GENERAL OBLIGATION URBAN RENEWAL
REFUNDING BONDS, SERIES 2017C
Actual value of all taxable property within the
political subdivision, except moneys and
credits and tax free lands, (Year 2016),
according to last completed state and
county tax lists (100% - prior to
rollback)
All outstanding indebtedness of any sort:
(show totals and attach list for each, showing
year of obligation, original principal amount,
and current principal amount outstanding)
(1) Stamped Warrants (drawn during
the current fiscal year and
presently outstanding)
(2) Warrants (drawn during the
current fiscal year and
presently outstanding)
$ c2, 501) . 31)2, o00
$
(3) Judgments against the City $ 1.05.1, (05`i
(4) Lease and Lease/Purchase Contracts (for real
(i.e. land and buildings) and personal
(i.e. computers copiers, vehicles, etc.) property)
$ 1 rq Lir714
(5) Urban Renewal Revenue Bonds $ a0.ct(00 Cmi)
(6) Urban Renewal Development Agreement
(payments owed)
1
(7) Contract purchases of real or personal property $ 5, gc:56 ,
(8) General Obligation Bonds or Notes $ \03 , 955, 0fl7
(including this Issue)
(9) Utility Revenue Bonds
(10) Special Assessment Bonds
(11) Other (Explain below)
$ 142,595,1
$ �l
$ 5L-6 3517
Additional obligations which are reasonably expected to be issued during the
remainder of thecurrent calendar year:
Type Amount
Certified to by me at the City of Dubuque, Iowa, this 7:24 day of
Feb rra_r, 2017.
01328950-1\10422-177
2
1 L? cert 4)0x11)0i7-)0.4/
)0i7 -k0. -n
Title:ic,,,ianec_-__. 01 e_eJO,C
Judgements Against the City
(Date !Purpose 'Original Amount I Amount Due 1 Current Portion f
10/5/2016 WCS Lawsuit 1,554,655 1,054,655 1,054,655
1 Purpose
Mail Machine Lease -
Pitney Bowes
Lease Contracts
Start Date 1 Yearly Lease Amount ( Amount left on Lease
1/1/2016
34,526 129,474
1
Diamond Jo
Parking Ramp
Urban Renewal Revenue Bonds
1Date Issued 'Original Issue (Current Balance (Current Due i
10/16/2007 23,025,000
20,960,000 440,000
Urban Renewal Development Acireement
Payments
I N I End Date ICurrent Portion Due
Ven # Vendor Name Rebate Remaining
11943 THEISEN SUPPLY INC 2018
28,213 28,213
2390 IWI MOTOR PARTS 2022
298,112.58 99,370.86
2788 HORMEL FOODS CORPORATION 2026
3,485,604.4 697,120.88
3803 GREEN INDUSTRIAL PROPERTIES LLC 2023
846,952.12 241,986.32
4818 TM INC 2018
45,054.12 45,054.12
5531 HELLER FAMILY REALTY LLC 2017
20,594.22 41,188.44
7609 SPIEGEL FAM REALTY CO OF IA LLC 2018
215,834.42 215,834.42
8726 KENDALL/HUNT PUBLISHING CO 2018
128,185.34 128,185.34
8728 DUBUQUE SCREW PRODUCTS INC 2019
58,147.59 38,765.06
8729 MEDLINE INDUSTRIES INC 2019
261, 815.79 174, 543.86
8739 P & L VENTURES LLC 2018
20,510.3 20,510.3
9177 VAN GUARD COUNTERTOP 2022
47,122.56 15,707.52
5440 NORTH CASCADE ROAD DEVELOPERS 2026
415,450 83,090.
5714 KUNKEL & ASSOCIATES INC 2018
50,797.92 50,797.92
7541 CONLON JOHNSON DEVELOPMENT LLC 2019
188, 718.27 125, 812.18
8737 L & J PROPERTIES DUBUQUE LLC 2018
35,851.64 35,851.64
8844 STRAKA JOHNSON ARCHITECTS PC 2019
28,324.92 18,883.28
11921 ROSE OF DUBUQUE, L.P., THE 2024
52,931.84 13,232.96
1531 COTTINGHAM & BUTLER 2019
44,804.49 29,869.66
1874 FLEXSTEEL INDUSTRIES INC 2024
810,615.04 202,653.76
2405 CARADCO LANDLORD LLC 2028
625,322.04 104, 220.34
2731 MCGRAW-HILL EDUCATION, INC 2018
370,359.86 370,359.86
2862 MORRISON BROTHERS INC 2018
17,328.54 17,328.54
4026 DB&T COMMUNITY DEVELOPMENT CORP 20274
5877 THE FISCHER COMPANIES
10,051.461
9,244.881
16708 1PORT OF DUBUQUE BREWERY DEV LLC
:8500 1HARTIG REALTY III LC
:9106
INTERSTATE BUILDING LLLP
9109 HJDLANDLORD LLC
€9588 t44 MAIN LLC
2019
2020,
2026:
147,355.92:. 73,677.96€
2027;
9887 VICTORY CAFE - DUBUQUE INC 2022
18,097.26
44,435.551`;;;
12,294.69, 8,196.463
37,318.72; 18,659.361
1,078,0071 215,601]
143,958.653 26,174.31
Feb 21, 2017
Contract Purchases of Real or Personal Property
Purpose
Parking Lot Purchase
Iowa Finance Authority -ABC Bldg Purchase
'Bowling & Beyond Inc -Bldg Purchase
Amount
Date of Originally
Issue Issued
07/08/08 $ 400,000
08/26/11 4,500,000
07/25/12 1,000,000
$ 5,900,000
Amount
Outstanding
End of Year Current
$ 236,621 $ 26,721
4,500,000
750,000 50,000
$ 5,486,621 $ 76,721
General Obligation Bonds or Notes
Purpose
Amount
Date of Originally Amount Current
Issue Issued Outstandink Portion
Corporate purpose Series 2007A
(taxable) Series 2008C
Corporate purpose Series 2011A
Corporate pupose
(taxable) Series 2011B
Corporate purpose Series 2012A
Corporate purpose
and refund Series 2012B
Corporate pupose
(taxable) Series 2012C
Corporate pupose Series 2012D
Corporate purpose Series 2012E
Corporate pupose
(taxable) Series 2012F
Corporate purpose
and refund Series 2012G
Corporate purpose Series 2012H
Corporate purpose (taxable)
and refund Series 2012I
Corporate purpose Series 2014B
Corporate purpose (taxable)
Series 2014C
Corporate Purpose Series 2016A
Corporate Purpose Refunding
Series 20106B
Corporate Purpose Series 2016C
General Obligation 2017A
General Obligation Renewal
Refunding Bonds 2017B
Taxable General Obligation
Urban Renewal Refunding 2017C
12/01/07 1,055,000 135,000 135,000
11/04/08 2,465,000 830,000 400,000
09/01/11 6,330,000 5,270,000 275,000
09/01/11 1,590,000 1,190,000 100,000
03/15/12 4,380,000 3,760,000 210,000
03/15/12 7,495,000 6,370,000 360,000
06/28/12 6,965,000 6,090,000 310,000
06/28/12
12/12/12
12/10/12
11/28/12
12/10/12
12/04/13
12/08/14
12/08/14
04/04/16
04/04/16
04/04/16
7,175,000 5,745,000
3,640,000 3,045,000
1,035,000 790,000
950,000
2,385,000
7,285,000
18,835,000
7,615,000
2,830,000
10,920,000
4,145,000
8,950,000
10,250,000
195,000
2,065,007
3,005,000
18,605,000
510,000
210,000
125,000
195,000
165,000
765,000
235,000
7,515,000 100,000
2,830,000 120,000
10,470,000
4,145,000
8,950,000
10,250,000
1,310,000
160,000
2,200,000 2,200,000
118,495,000 $ 103,455,007 $ 5,685,000
Purpose
Clean Water
Drinking Water
North Catfish Creek Stormwater
North Catfish Creek Sewer
Water Meter Repalcement Stormwater
Water Meter Repalcement Sewer
Upper Bee Branch Sewer
Water and Resource Recovery Center
Cogeneration
Bee Branch Stormwater
Bee Branch Stormwater
Water Utility Series 2008D
Water Utility Series 2010D
Sales Tax Incremental 2014
Sales Tax Incremental 2015
Utility Revenue Bonds
Date Authorized/Issued Amount Authorized
1/14/2009
10/18/2007
1/13/2010
1/13/2010
2/12/2010
2/12/2010
10/27/2010
8/18/2010
5/17/2013
2/18/2014
6/19/2015
11/4/20081
9/21/20101
6/14/20141
6/15/20151
1,847,000
1,037,000
998,000
1,141,000
4,338,000
4,338,000
7,850,000
74,285,000
3,048,000
1,029,000
29, 541,000
1,195,000
5,700,000
7,190,000
20,800,000
Amount Oustanding
1,238,000
614,000
611,000
697,000
2,558,000
2,558,000
7,005,000
67,198,918
2,664,000
146,720
23,854,466
Current Portion
86,000
43,000
35,000
40,000
135,000
135,000
186,000
2,344,000
133,000
45,000
675,000 1 85,000
4,735,000 1 210,000
7,190,000 1
20,800,000 1
$ 142,545,104 $ 3,477,000
Other Loans Payable
Purpose
Amount Amount
Date of Originally Outstanding Current
Issue Issued End of Year Portion
Theisen Supply
140 Main LLC
11/22/06 I 810,322
173,979 103,545
08/06/09 690,529 366,378 70,121
$ 1,500,851 $ 540,357 $ 173,666
STATE OF IOWA {SS:
DUBUQUE COUNTY
CERTIFICATION OF PUBLICATION
�I
Ij
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: February 08, 2017, and for which the charge is $92.25.
�U
ii
Subscribed to before me, a No Public in and for Dubuque County, Iowa, j
this day o , 20 .
Notary Public in and for Dubuque County, Iowa.
II
MARY K WESTERMEYER
II
e;i i imisslan Number 164885
My Commission Exp.Feb.1.2020
r.
s
CITY OF DUBUQUE I 09LIGATION_U`RBAN
OFFICIAL NOTICE RENEWAL RE- DUBUQUE, STATE OF
NOTICE OF MEETING , FUNDING BONDS, IOWA,ON THE MAT- N
OF THE CITY,COON- SERIES 20176 OF THE TER OF THE .PRO-
CIL OF`THE CITY OF CITY(FOR AN ESSEN- POSED ISSUANCE OF i
DUBUQUE, STATE OF TIAL CORPORATENOT TO EXCEED
IOWA,ON THE MAT- PURPOSE), AND THE $2,200,000 TAXABLE
TER OF THE PRO- HEARING ON THE IS- GENERAL OBLIGA-
POSED`ISSUANCE OF SUANCE THEREOF TION URBAN RENEW-
NOT TO EXCEED PUBLIC NOTICE js AL REFUNDINGI
$8,950;000 GENERAL hereby;:given that the BONDS, SERIES i
OBLIGATION BONDS, City Council of the City 2017C, OF THE CITY
SERIES 2017A OF THE of Dubuque, State of (FOR AN ESSENTIAL
CITY FOR
ESSENTIAL Iowa;will hold a public COBE),RATE li
THE
CORPORATE. Pli hearing on the '20th
POSES), AND .THE day of February, 2017,
HEARING ON THE 15-j
H TARING ON THE IS- at 6:00?.M.,in the His- I SUANCE THEREOF
SUANCE•THEREOF i toric Federal Building, PUBLIC NOTICE is
PUBLIC .NOTICE is 350'LWest 6th Street, hereby given that the I {
h`ereb City Council of the City
y'giv"en that the J Dubuque, ;Iowa; at
City Council of the City which meeting the i of Dubuque, State of
Of Dubuque, State of Council proposes to Iowa,will hold a public
Iowa,will hold. public take additional action hearing on the 20th I�
hearing on the 20th" for.theAssuance of not day of`February, 2017,
day of February, 2017, to exceed $10,250,000, at 6 00 P-Ai in the His-
at 6:00 P.M.,in the His- General - at
Building,-
350
uilding, j d
toric Federal 'Building, 350 West 6th Street, j
350 West 6th Street, ban Renewal Refund- Dubuque, 'Iowa, at
Dubuque, Iowa, at ing", Bonds,. Series 'Which meeting the
Which' meeting the ! 2017B,for an essential Council proposes to
Council proposes to 1 corporate purpose; to take additional action
take additional action ide funds topay for the issuance of not
for thprovide e issuance of not the costs of the settle- J to exceed. $2,200,000
to, exceed:$8,950, 000 ment,' adjustment, re- I Taxable General Oblk 99
General Obligation: hewing,or extension of 1 gation Urban Renewal
Bonds"Series �2017A, any partor all of the le- 'Refunding Bonds, Ser- i
for essential corporate gal indebtedness of a ies.2017C,for an essen-
tial',
funds to'a otherocostts city,,c whether ar. roviderfundsutooa
,P Y ?denced by.bonds war- pay '
of rants,or judgments,or the costs of the settle-
a)the settlement,ad- i the,funding or refund- ment, adjustment, re
justment; renewing, or ing of the same, newing;or extension of
talen i-of the sion legalpin- deb t dews of such creaIn-
orj any
indebtednessart.or all of hofla
9 debtedness was creat-t City, . whether evi-
avidenced of a city, '' ed-f-
whether,evidenced a.purpose for j denced by bonds,war-
,
whby which general obliga-
bonds, warrants,;, or tion bonds might have rants,or judgments,or
judgments,or the fund- been issued in the orifi th;e funding or
ing or.refunding of the anal instance,including,, refunding of the same;
same, whether or not General Obligation Ur- whether or not such in-
such indebtedness was ban Renewal Bonds, debtedness was creat
created for a'purpose i Taxable Series 2009B ed for a purpose for
for which general obli- {BABj and General Ob-I which general obliga:
g tion bonds'might have
gation bonds might ligation Urban Renewal beerrissued in the ori
have been,issued in the Bonds,Series 2010C.: g
original 'instance, in- At any time before the inial instance,including
eluding General Obliga- i date of the meeting;a,. Taxable General Obli-'
tion Bonds, Taxable' petition, 'asking that gation Urban Renewal';
Series 2009A (BAB), the question of issuing Bonds,`Series 20106.
General Obligation such Bonds be submit- At any time before the j
Refunding'Bonds, Ser- ted to the-legal voters date of the meeting, a'
ies 20NC,arld General ofJit City, may `+be petition, asking that
Obligation,Bonds,,Ser- filed with;the Clerk of ;the question of issuing
ies2010A;;and such Bonds be submit-
b) in the manner
b) the equipping of provided by Section' ted'to the legal voters
the fire department. 362.4 of the Code of lo- of the City, may be.
At the above meeting i wa,',pursuant to the filed with the Clerk of l
the Council shall re- 1 the City in the manner
provisions of Sections provided by Section
ceive oral; or, written 384.24(3)(q), 384:25 362.4 of the Code of lo-
objections from any and 403.12 of the Code
resident ..ar,..property of Iowa. wa.:Pursuant' to the
thenabo�eGaction.fthe i City-to
At the above meeting 384. 24(3)(q),rovisions f.S
ections.
the Council shall re 384.25
all objections have ceive oralal and or written 403.12 of the Cod e,,
been received and con objections from, any of Iowa.
sidered; the Council resident or property At the above meeting
will at the:meeting or owner of the City'tothe :Council shall re-
at any adjournment the above action.After "delve,oral•or written
thereof,take additional all objections have objections from any
Action for the issuance been received and con- resident or property
of the Bonds or will sidered, the Council owner of the City to 1 j
abandon the proposal will at the Meeting or the above action.After
to issue said Bonds; all :'objections ,!have i
This notice is .iven b at any adjournment been received and con;
9 Y thereof,°take additional
order of the City Coun- action for the issuance sidered, the Council
cil of the City of Dubu- of the Bonds or will will at the meeting or
que, State of Iowa, as abandon the proposal at any adjournment
provided by Section to issue said Bonds, thereof,take additional
384.25 of the Code of action for the issuance
Iowa. This notice C given by of the Bonds or will
Dated this 6th da of order h the City Coun- abandon the proposal
February,2017. y que, the City of Dubu-
que, State of Iowa, as to issue said Bonds.
Trish L.Gleason provided by Chapters This notice is given by
Assistant City Clerk, 384 and 403 of the order of the City Coun
City of Dubuque, Code of Iowa. cil of the City,of Dubu-
State of Iowa Dated this 6th day of que, State of Iowa, as,
CITY OF DUBUQUE February, is 6t provided by Chapters
OFFICIAL;NOTICE Trish .Gleason. 384 And 403 of the
NOTICE OF MEETING Assistant City Clerk, Code of Iowa.
OF THE CITY COUN- City of Dubuque,' Dated this 6th day of
CIL OF'THE CITY OF State of Iowa February,2017.
DUBUQUE,'STATE OF CITY OF DUBUQUE Trish L.Gleason
IOWA, F THE,MAT- OFFICIAL NOTICE Assistant City Clerk,
TER OF THE PRO- NOTICE OF MEETING City of Dubuque,
POSED,ISSUANCE OF "OF THE CITY COUN I State of Iowa
NOT TO _' EXCEED CIL OF THE CITY OF ' It 2/8
$10,250.000 GENERAI
STATE OF IOWA {SS:
DUBUQUE COUNTY
CERTIFICATION OF PUBLICATION
I, Suzanne Pike, a Billing Clerk for Woodward Cornmunications, 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: February 24, 2017, and for which the charge is $56.16.
Subscribed to before ma Notary Public in and for Dubuque County, Iowa,
this Aie day of jAdfreede., , 20 /7 .
Notary Public in and for Dubuque County, Iowa.
MARY K WESTERMEYER
Commission Number 154885
My Commission Exp. Feb. 1, 2020
.-..g.4-07.4.17,:11Wognge..rtrir
ppooroAtt\iiken Lizt,40
AvA!ti-ry.ociouciuE -,..--;
NOTICE Dr BOND,1- rj,
t'tonitik_.=50131--!-_,(faC:;15
.. _ ,,„ „... _ „. ,
q.,i-SUite, 300 firatt114x---)6ho!•V
3p-Opcjgae;?,state,Z'0_ '
i.12'':-,°7-biYh:!4i-°r-Oubeili:.e:ttiefC7tril
--,;- cOilitil';OfYthe.....-Wo:„-.-
.8£30,Ch4rtiljgry3(0-,7-',..
_':-•Thild:•*IC:Placc=fof -1
... _
':SiMjlek•!,,r.i0Mber:A515-i,;3;
SealetIcidii..110SJOI 1 ''.'1.5p41930,16---a(Orii.--'.
thelsale:OtkridS-Othe:,.. --,-,140.1011O,i161-610;vili •th-0-1
:04r,.,-Of. -puhuoue,-.stp.tq,:;; ',,,t cpaotrieldtataioletidib.:,4.tr ,4;1-7,,,il ,Cit 'ierk
t_ theqiiiar_igejTmi (400*
!:)P(*4i;ipergaftbr -:.-,,,
I; elve-diAt4tikoffia6,*,
--.f..sotioiii:riiii#4!-.4-Ate
"I.66ipri-;af.',,':ildids',--V11A-_-1
Bid4--:,Attelthetifle for '-H, it 2/24
tate 01'
p*etlir„iithe::',-t_C16$6--i;of-i -
CitylFr Hall, .,,50!::It!;_?'Pth ..-1 sealed..1#4*(1:''40*.: -1
$treet,.PLihdC1160°"1-61 r,1_001.iriced.;.,Sealed., bids -4
52091;eaelbOtifili05PA ,'4,.iiii1-;lthehPhe:VtiOCIlir
589-4100 (the •-',-`1SSuee!)::
;opened, _ ,
before' ',11.,00=A.M.,-___: on, gingancrepxan
Etn4 „plec-?;
tilo.-:?o.til'id4y-ibf Vai-dh,] 0.40.6)iittrotief 1)0szwilU
2017. The willNC'S-then l . ,o-kVOOeSSed_iandri,::;
Aje:l;iii1)liely':Oi).eled:::arlO-'1 • . . iiiiiiii*L.,,;,n-,,
referred for action to j.i.--.40toi,AiiilIkwa The
the.'„MeetikOfi.#e!•,pity,y sale'-'!'14114 •!' a a r-0-4 ofthe
4Olitibil_i,Ity:':,CbnfcififiitV 1 ••,,-Bonds-,:-.-v.vilkbe_-.•heldT,at--1
il-WithAfel-pNs,-9F.AF'' -th-vHlisrorio:;',00et741FERING..1
.Ri:il101og;335Cwest,-; 6t11.4
i-The:::,,Y.060ds:`--1-ljer.: i,5tee0WpiltioeiiXIowa't
., _ .,,.,.„ ___
ig. sotids'iCii-33Coffei-d are x.--5op.vc-4.:4-oget ng_;r of
-..--ttielpIjoiniiogri,e,--,-1-7iy-' - ;,--',.-Atte:i(ltY0Oriell;ori-.4he
GENEtIA(OpLial ATION-1 — OfitiVeiritia.:W4POP2PA1-1LE
•--::130'40-SVSERIE-$120.17A; 1 -, ),•,..:411101611'iTU4tefriletlii,i
:.-,•--;i0,•.±-, the 1-:..s..amount - of f „ .gi-Tie-'11r$.§-ilet14s 14ileOl!.:,
at-
-1.:-„-ecli4tili17i2017;-;.„.•:1•: ,otilif0 trng i to---,
,:!--$080.1007,fo:thk',1,1 - IAAtik---'0fficlgi!Statetieb
-'t---- pertain-
GENERALiOBLIGATION.r , 406;fo,:4t11-6',' Bdiii:Ki-::;i67.
L:.jiiiii3AN,..,.:;.,,:-RENEWAli 7,;,r•-,offe't,eid:-,_:!ine1001-Oo.-g,,-
.,REFONIDIN=6,;.-;-''--r,:3QN0;-- '-,Staterkelt-Ofthe.-Teitrit
-f'";„f,:',.--'1:„::•-•--,-i,-1,••----''t•`,$E-,-f4RES--:I.2-i-i0 IC•''A#5.:.,-.1 4t10ikt.,I,5,Offering
.,r.an8 ArrOf_
i
giotMteV04DittbriV4hjef4414,tacotgr,j6iie44ViltortiratetliMfet*I:APO1-170917rg000-4§i0:)4ftiALthisind"00tice40heKbfficla1rAm3LE,9(NR4,, 5t4tetertl1Wde.Ohi03L16AT100-1RBAN lairedqVi-eOdeSt'ad4ENEWAi,KEcN6IN0toetttd-ahf*citS-,?„
.”30Nps;:$RIEs4OE17O,tlerk:lejtv:4all,150iWii-he-afeuot-of
-;,
,..
414ttiteeetkciocitioeo.
$2:155:',060.1,10- bef1,51,,at,- Towamboliq6:00,4oroe-r,
.:,ed,-.-Abr'f,170017-g.tt,-.4,,-, 1.4.5634W4-4:001:01the-':-_,IS0
(the-tBigidt7)..-T,-:,.7:-':,,4, , ,L.,-*io,(±§:=-:-:'ntiqtiie:jb-itAdka-.E.
, -.-..•t.Stibleot,_,-te(Orinci principal , , „,,..-;:(itlitiOpellidii-4[?06.4
.!„•-adjuttrtierit pursuant 7 '".'- -Aid VT'SOffs;',:_1(14:-.188(t
offidiallerMS'ef 'Offei;•;.. ',':••rohaiTilierlOBly-dg..:SiJite'.--.,1
i no ',,-----'.',r- ',,"-;7",::--:-•--';'' -: ,-.'i,3pc.70:4-i;'Jofjpstorv';'.31
-: lo-
Manner-of--Eickgrigv: . ''-Itta;,1-591.34,:,tretepti.ofie::::::,,l,
Open will,bids,-not be •:515-250•f$193;::f-.59,-,,,-T,i;
'"- recef-VeP,i3[dsMir 4igi •-.•%11.eirrli;7'70-tOffering:1-1
,,--redeiVed in -'ariy.i.ief'.1he _,1 ':Al'IiidS,•"Shaittieln--Cen-_:'
foi [owing -:MethodSe:-'71 ,,--forioity''Ath'-:-_,abd_-.the - •
Sealect.'-.-----Biddiri0:1 -,,;.',Salashallrbgi-la accord
,_•-iSealed7-4;id-s-„,---.M-ay : 1 ance VVIth-the-"TferrifS,Of;
submitted and will be •,_,_'' _r
-•:::;.Oferi,ng-aS=Setfh.io.i.:-,..! ..,' _eceifedattheoffic„tteoficiav8taflejt.:flhefinan6rtrect:r11401;00ilki1:1heat City Hall, 50'*13th - :
•
,i!l3dOdS--*111okSoloitoji
',.8freet-,.-'-DahON--le;'1-1Ow.---.' ' -,,,liebt.-fo:Itie-A31040-,-,-Of:„.
52001, ---`_-- -- -- -- . . ' - - --,',-AhlerS':,-&--,'-_gbOney::pl-c.;---;
' • EleCt-rokilic•---Antethlet - —:,,-.AttOrhOY-.---,:14'-1--'----De
. Ellildingf,E[eCtronicirr•-_- . Moines, IOVIla;AS.ta, the
tori-iet bids will be' re- legality and their:bolo- I
ceived .at theofficeOf•,,' jon-,),v.ill be furnished
:-- the Finance Director at . together with the-print,-A
:.rtitYHall,,•50-,•W. 13th ' - ed Bonds without costl
. . Street; -.Dubuque, Iowa- [ - to:,-the-----Obrchaser•_--_and .{
.
52001. The bids mustI -,,-.:411 bids will be so con-
be
.-:subtnittdr..-through ' '.ditioned.T.E*Olot to theT1
the_ PARITY® Com peti- extent oecessarY to is-:
-'_ IiVe:bidding system. - ' '.sue their Opinion aS to 1
-Electronic FaCsimile,„ ,Ahe.-,:regaii-bi3O'fr':4he
Bidding;', Electrbpic Bond.,:the.;:atterei0s:
-facsimk-,hids•-- will 213e:-''.: ;--willlipt,4arriloe'or _re.)
,z ,rebeiyed-!at the . office - ,.vjeyvj-prx=:‘4preSska.ok
of the Finance Director Opinion --i- OpiniOr-wltlieUiettt.0
--Sattrteeil,-rEiDau!lal'u5q0ueW,L7-kl:4.1111 - „pleteneS8.-,•--Of..r::-::-dOcil--
'thal'aCciiraOir-Or,Coini,1
-?-52001- .--(facsimile- num',-::, .-: mentS,::::-lilate6a1§-'-:-.2•Di=
ber:563j589.4149)ar0/11 '_-'stateirriehtv.,.. IOade:or
*--tri
Aty.'..-'.-.mcrki-Od furnished --,-;M:1,'COonec,..j
r!lie-h'i:/vith-the-Salei:sSO-,..%4
ari,Ce:4er,-,Ma*tiriO--,--o-fA
AheBoOdi:6,-----,r,',„,--,--;,.._,:---i
Rights .,Reserved.
-,.--the, right, is-teserVed-teci!
,..reject-;;40Y.-OC--$1-bidS, -I
L-Tand tO-,Waiy,e_,,any Irreg -_.'l
.:iilarktf_es":la,S-:-CieeMed±to'.-1
_ . . .. .
beiiithe best interests _•I