Bond Sale - Water ProjectsMEMORANDUM
October 1, 2002
TO:The Honorable Mayor and City Council Members
FROM:Michael C. Van Milligen, City Manager
SUBJECT:Bond Sale to Support Water Projects
(New Water Tower and New Water Main Along Northwest Arterial)
Finance Director Ken TeKippe is recommending the sale of General Obligation Bonds
not to exceed $3,300,000 to support water projects which were included in the adopted
Fiscal Year 2003 CIP budget, and that a public hearing be set for October 21, 2002.
I concur with the recommendation and respectfully request Mayor and City Council
approval.
___________________
Michael C. Van Milligen
MCVM/jh
Attachment
cc: Barry Lindahl, Corporation Counsel
Cindy Steinhauser, Assistant City Manager
Kenneth J. TeKippe, Finance Director
CITY OF DUBUQUE, IOWA
MEMORANDUM
TO:Michael C. Van Milligen, City Manager
FROM:Kenneth J TeKippe, Finance Director
SUBJECT: Bond Sale to Support Water Projects
(New Water Tower and New Water Main along Northwest Arterial)
DATE:September 30, 2002
The purpose of this memorandum is to recommend the sale of General Obligation
Bonds to support water projects which were included in the adopted FY'03 CIP budget,
Although we are selling General Obligation Bonds to support the project, repayment of
the debt will be from water revenues. The date of publication is to be not less than four
clear days nor more than twenty days before the date of said public meeting on the
issuance of said Bonds.
The requested action steps for City Council is to adopt the attached resolution fixing the
date of October 21, 2002 for a public hearing on the proposition of selling not to exceed
$3,300,000 in General Obligation Bonds (for an essential corporate purpose) of
Dubuque, Iowa and providing for publication of notice thereof.
KJT/jmg
Attachments
cc: Barry Lindahl
Pauline Joyce
Jeanne Schneider
(This Notice to be posted)
NOTICE AND CALL OF PUBLIC MEETING
Governmental Body: The City Council of Dubuque, Iowa.
Date of Meeting:________, 2002.
Time of Meeting:_________o'clock_____ .M.
Place of Meeting: Auditorium, Carnegie-Stout Public Library, Dubuque, Iowa.
PUBLIC NOTICE IS HEREBY GIVEN that the above mentioned governmental
body wilt meet at the date, time and place above set out. The tentative agenda for said
meet'mg is as follows:
Not to exceed $3,300,000 General Obligation Bonds.
· Resolution fixing date for a meeting on the proposition to issue.
Such additional matters as are set forth on the additional______page(s) attached hereto.
(number)
This notice is given at the direction of the Mayor pursuant to Chapter 21, Code of
Iowa, and the local rules of said governmental body.
______________________
City Clerk, Dubuque, Iowa
October 8 2002
The City Council of Dubuque, Iowa, met in________ session, in the
Auditorium, Carnegie-Stout Public Library, Dubuque, Iowa, at 6:30 o'clock P.M.,
on the above date. There were present Mayor Terrance M. Duggan, in the
chair, and the following named Council Members:
Roy Buol, Patricia Cline, doyce Connors,
Ann Michalski, John Markham, Dan Nicholson
Absent: None
-1-
Council Member_______introduced the following Resolution
entitled "RESOLUTION FIXING DATE FOR A MEETING ON THE PROPOSITION
OF THE ISSUANCE OF NOT TO EXCEED $3,300,000 GENERAL OBLIGATION
BONDS (FOR AN ESSENTIAL CORPORATE PURPOSE) OF DUBUQUE, IOWA,
AND PROVIDING FOR PUBLICATION OF NOTICE THEREOF", and moved that
the same be adopted. Council Member_________ seconded the motion
to adopt. The roll was called and the vote was,
AYES: Buol, Cline, Connors, Duggan, Markham
Michalski, Nicholson
NAYS: None
Whereupon, the Mayor declared the resolution duly adopted as follows:
RESOLUTION NO. 534-02
RESOLUTION FIXING DATE FOR A MEETING ON THE
PROPOSITION OF THE ISSUANCE OF NOT TO
EXCEED $3,300,000 GENERAL OBLIGATION BONDS
(FOR AN ESSENTIAL CORPORATE PURPOSE) OF
DUBUQUE, IOWA, AND PROVIDING FOR
PUBLICATION OF NOTICE THEREOF
WHEREAS, it is deemed necessary and advisable that the City of Dubuque, Iowa,
should issue General Obligation Bonds to the amount of not to exceed $3,300,000, as
authorized by Section 384.25 of the City Code of Iowa, for the purpose of providing
funds to pay costs of carrying out an essential corporate purpose project as hereinafter
described; and
WHEREAS, before said Bonds may be issued, it is necessary to comply with the
provisions of said Code, and to publish a notice of the proposal to issue such Bonds and
of the time and place of the meeting at which the Council proposes to take action for the
issuance of the Bonds and to receive oral and/or written objections from any resident or
property owner of said City to such action;
-2-
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF DUBUQUE, IOWA:
Section 1. That this Council meet in the Auditorium, Carnegie-Stout Public
Library, Dubuque, Iowa, at 6:30 o'clock P.M., on the 21st day of
October, 2002, for the purpose of taking action on the matter of the
issuance of not to exceed $3,300,000 General Obligation Bonds for an essential
corporate purpose of said City, the proceeds of which bonds will be used to provide
funds to pay costs of the acquisition, construction, improvement and equipping of
waterworks and water main extensions, including water treatment plant facilities and
water main extensions and improvements.
Section 2. That the Clerk is hereby directed to cause at least one publication to be
made of a notice of said meeting, in a legal newspaper, printed wholly in the English
language, published at least once weekly, and having general circulation in said City,
said publication to be not less than four clear days nor more than twenty days before the
date of said public meeting on the issuance of said Bonds.
Section 3. The notice of the proposed action to issue said Bonds shall be in
substantially the following form:
-3-
NOTICE OF MEETING OF THE COUNCIL OF THE CITY OF
DUBUQUE, IOWA, ON THE MATTER OF THE PROPOSED
ISSUANCE OF NOT TO EXCEED $3,300,000 GENERAL
OBLIGATION BONDS (FOR AN ESSENTIAL CORPORATE
PURPOSE) OF SAID CITY, AND THE HEARING ON THE ISSUANCE
THEREOF
PUBLIC NOTICE is hereby given that the Council of the City of Dubuque, Iowa,
will hold a public hearing on the 21 st day of October ,2002, at.
6:30 o'clock P.M., in the Auditorium, Carnegie-Stout Public Library, Dubuque,
Iowa, at which meetLng the Council proposes to take additional action for the issuance of
not to exceed $3,300,000 General Obligation Bonds for an essential corporate purpose of
said City, in order to provide fimds to pay costs of the acquisition, consmxcfion,
improvement and equipping of waterworks and water main extensions, including water
treatment plant facilities and water main extensions and improvements.
At the above meeting the Council shall receive oral or written objections from any
resident or property owner of said City, to the above action. After all objections have
been received and considered, the Council will at this meeting or at any adjournment
thereof, take additional action for the issuance of said Bonds or will abandon the
proposal to issue said Bonds.
This notice is given by order of the Council of Dubuque, Iowa, as provided by
Section 384.25 of the City Code of Iowa.
Dated this 8th day of
October ,2002.
Jeanne F. Schneider,
City Clerk of Dubuque, Iowa
(End of Notice)
PASSED AND APPROVED this 7th day of October
2002.
_______________________
Terrance M. Duggan, Mayor
ATTEST:
_________________________
Jeanne F. Schneider, City Clerk
-5-
CIG-3
9/91
CERTIFICATE
STATE OF IOWA
COUNTY OF DUBUQUE
)
) ss
)
I, the undersigned City Clerk of Dubuque, lowa, do hereby certify that attached is
a true and complete copy of the portion of the corporate records of said Municipality
showing proceedings of the Council, and the same is a tree and complete copy of the
action taken by said Council with respect to said 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 said 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 said
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 said 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 said Municipality hereto affixed this
8th dayof October,2002·
/s/ Jeanne F. Schneider
City Clerk, Dubuque, Iowa
SEAL
DCORlqELLX336584\ I \10422060
CIG-18
2-91
STATE OF IOWA )
) SS
COUNTY OF DUBUQUE )
I, the undersigned, do hereby certify that I am now and was at the times
hereinafter mentioned, the duly qualified and acting Clerk of the City of Dubuque, in the
County of Dubuque, State of Iowa, and that as such Clerk and by fi~ll authority from the
Council of said City, I have caused a
NOTICE OF MEETING OF THE COUNCIL OF THE CITY OF
DUBUQUE, IOWA, ON THE MATTER OF THE PROPOSED
ISSUANCE OF NOT TO EXCEED $3,300,000 GENERAL
OBLIGATION BONDS (FOR AN ESSENTIAL CORPORATE
PURPOSE) OF SAID CITY, AND THE HEARING ON THE ISSUANCE
THEREOF
of which the clipping annexed to the publisher's affidavit hereto attached is in words and
figures a correct and complete copy, to be published as required by law in the Telegraph
Herald, a legal newspaper published at least once weekly, printed wholly in the English
language, published regularly and mailed through the post office of current entry for
more than two years and which has had for more than two years a bona fide paid
circulation recognized by the postal laws of the United States, and has a general
circulation in the City, and that said Notice was published in said newspaper in all of the
issues thereof published and circulated on the following date:
,2002
WITNESS my official signature Dubuque, Iowa, this day of ,2002.
(SEAL)
City Clerk
DCORNELLk336585M \10422060
CIG-18
2-91
STATE OF IOWA )
)SS
COUNTY OF DUBUQUE )
I, the undersigned, do hereby certify that I am now and was at the times
hereinafter mentioned, the duly qualified and acting Clerk of the City of Dubuque, in the
County of Dubuque, State of Iowa, and that as such Clerk and by full authority fxom the
Council of said City, I have caused a
NOTICE OF MEETING OF THE COUNCIL OF THE CITY OF
DUBUQUE, IOWA, ON THE MATTER OF THE PROPOSED
ISSUANCE OF NOT TO EXCEED $3,300,000 GENERAL
OBLIGATION BONDS (FOR AN ESSENTIAL CORPORATE
PURPOSE) OF SA1D CITY, AND THE HEARING ON THE ISSUANCE
THEREOF
of which the clipping annexed to the publisher's affidavit hereto attached is in words and
figures a correct and complete copy, to be published as required by law in the Telegraph
Herald, a legal newspaper published at least once weekly, printed wholly in the English
language, published regularly and mailed through the post office of current entry for
more than two years and which has had for more than two years a bona fide paid
circulation recognized by the postal laws of the United States, and has a general
circulation in the City, and that said Notice was published in said newspaper in all of the
issues thereof published and circulated on the following date:
,2002
WITNESS my officialsignature at Dubuque, Iow~this
~2002.
day of
(SEAL)
City Clerk
DCOKNELLX336585~l \10422060
AHLERS, COONEY, DORWEILER, HAYNIE, SMITH & ALLBEE, P.C.
AT[ORNEYS AT LAW
100 COURT AVENUE, SUITE 600
DES MOINES, IOWA 50309-2231
h ttp://www.ahlerslaw.com
TELEPHONE 515 243-7611
TELECOPIER 515-243-2149
September 24, 2002
Ms. Pauline Joyce
Administrative Services Manager
City of Dubuque
50 W. 13th Street
Dubuque, Iowa 52001-4864
RE: Not to exceed $3,300,000 General Obligation Bonds
Dear Ms. Joyce:
We have now prepared and are enclosing herewith suggested proceedings to be
acted upon by the Council in fixing the date ora meeting on the proposition to issue the
above mentioned Bonds and ordering publication of a notice of hearing consistent with
the provisions of Code Section 384.25.
Notice of this meeting must be published at least once in a legal newspaper,
printed wholly in the English language, published at least once weekly, and having
general circulation in the City. The date of publication is to be not less than four clear
days nor more than twent~ days before the date of said public meeting on the issuance of
said Bonds. In computing time, the date of publication should be excluded. If the last
'day falls on Sunday, the whole of the following Monday should be excluded.
Also enclosed is an extra copy of the proceedings to be filled in as the original and
certified back to this office, together with publisher's affidavit of publication of notice of
hearing. We are also enclosing an extra copy of the notice of hearing to be delivered to
the newspaper for publication purposes. A certificate to attest the proceedings is also
enclosed.
At the time of hearing the Council shall receive oral or written objections from
any resident or property owner to the proposed action to issue said Bonds. After all
objections have been received and considered, the Council is required, at that meeting or
at any adjournment thereof, to take additional action for the issuance of said Bonds or to
abandon the proposal to issue said Bonds.
September 24, 2002
Page 2
The Council is required by statute to adopt the resolution instituting proceedings
to issue the Bonds at the heating--or an adjournment thereof.
We will prepare and forward to you in the near future, suggested procedure to be
acted upon on the date of hearing. If you have any questions pertaining to the
proceedings enclosed or the above instructions, please do not hesitate to either write or
call.
Yours very truly,
William J. Noth
FOR THE FIRM
WJN:dc
encl.
CC'
Ken TeKippe (w/encl.)
Dave Dirks (w/encl.)
DCORNELL~336581 \I \10422060
MEMORANDUM
October 1, 2002
TO:The Honorable Mayor and City Council Members
FROM:Michael C. Van Milligen, City Manager
SUBJECT:Bond Sale to Support Water Projects
(New Water Tower and New Water Main Along Northwest Arterial)
Finance Director Ken TeKippe is recommending the sale of General Obligation Bonds
not to exceed $3,300,000 to support water projects which were included in the adopted
Fiscal Year 2003 CIP budget, and that a public hearing be set for October 21, 2002.
I concur with the recommendation and respectfully request Mayor and City Council
approval.
MCVM/jh
Attachment
cc: Barry Lindahl, Corporation Counsel
Cindy Steinhauser, Assistant City Manager
Kenneth J. TeKippe, Finance Director
CITY OF DUBUQUE, IOWA
MEMORANDUM
TO:Michael C. Van Milligen, City Manager
FROM:Kenneth J TeKippe, Finance Director
SUBJECT: Bond Sale to Support Water Projects
(New Water Tower and New Water Main along Northwest Arterial)
DATE:September 30, 2002
The purpose of this memorandum is to recommend the sale of General Obligation
Bonds to support water projects which were included in the adopted FY'03 CIP budget.
Although we are selling General Obligation Bonds to support the project, repayment of
the debt will be from water revenues. The date of publication is to be not less than four
clear days nor more than twenty days before the date of said public meeting on the
issuance of said Bonds.
The requested action steps for City Council is to adopt the attached resolution fixing the
date of October 21, 2002 for a public hearing on the proposition of selling not to exceed
$3,300,000 in General Obligation Bonds (for an essential corporate purpose) of
Dubuque, Iowa and providing for publication of notice thereof.
KJT/jmg
Attachments
cc: Barry Lindahl
Pauline Joyce
Jeanne Schneider
EXP PRIOR ESTIMATED
TO FY 02 FY 92
$ $
$ $
PROJECT BUDGET
A. EXPENDITUREITEMS
Design & Engineering
Land and R.O.W.
Con,ruction
Other
TOTAL
B, PROJECT FINANCING
Watsr Depmciation Fund
GO Bonds
TOTAL
BEYOND
2002-03 2003-04 2004-05 2005-06 2006-07 2007
$ 154,490
$ 1,776,635
$ 1,931,125 $
$ 31,125
$ 1,900,000
$ 1,931,125 $
$
$ $
PROJECT DESCRIPTION
This project provides for installation of a 16-inch water main from Highway 20 north along the east side of the Northwest Arterial to John F. Kennedy Road, and then west
on John F. Kennedy Road to the new water tower located at the soccer complex.
JUSTIFICATION
This project will dramatically increase fire flows and carrying capacity to the fourth pressure zone and industrial parks west of Radford Road. This project will serve as a
main transmission line from the proposed elevated storage tank at the Soccer Complex. This project will be funded with a $1,500,000 General Obligation Bond Issue paid
with water revenues. Debt service will require a 2% rate increase in Fiscal Year 2003, 2004 and 2006.
RELATIONSHIP TO OTHER PROJECTS
This project will improve flows into the fourth pressure zone and supply water to areas being developed west of town and will eliminate the need to do major improvements
to the Asbury pump station. This project implements the Comprehensive Plan's Infrastructure Element: Goals 1.1, 1.2, 11.1, 11.7, and 11.9; and the Land Use and Urban
Design Element: Goals 2.2 and 3.1.
EXP PRIOR ESTIMATED
TO FY 02 FY02
$ 735
$ 735 $
$ 735
$ 735 $
PROJECT BUDGET
EXPENDITURE ITEMS
Design & Engineering
Land and R.O.W.
Construction
Other
TOTAL
B. PROJECT FINANCING
GO Bonds
TOTAL
2002-03
$ 200,000
$ 1,200,000
$ 1,400,000
$ 1,400,000
$ 1,400,000
2003-04 2005-06 2006-07
PROJECT DESCRIPTION
This project has created a fourth pressure zone in the Water Distribution System. This improvement has successfolly provided adequate water pressure to areas of the
City located in higher elevations. In Fiscal Year 2003 the project provides for a new one million gallon hydropillar water tower located on John F. Kennedy Road next to the
~occer complex.
IUSTIFICATION
The number of water users is increasing due to rapid expansion of the city on the west side. The new hydmpillar water tank will provide the necessary storage for reserve
water capacity as well as extra capacity for fire protection. This project will be funded with a General Obligation bond issue of $1,400,000 in Fiscal Year 2003. The annual
debt service on this issue will be financed with current water revenues plus a two percent rate increase in Fiscal Year 2003, 2004 and 2006. The rate increases will each
generate an additional $70,000 in water fees to be used for debt service.
RELATIONSHIP TO OTHER PROJECTS
This project implements the Comprehensive Plan's Infrastructure Element: Goals 1.1, 1.2, and 1.3.