Bond Sale Refund $3,100,000MEMORANDUM
October 17, 2002
TO:The Honorable Mayor and City Council Members
FROM:Michael C. Van Milligen, City Manager
SUBJECT:Issuance of General Obligation Bonds and Advertisement of General
Obligation Bonds for Sale
The City Council will hold two public hearings. The first public hearing is to consider the
sale of General Obligation Bonds in the amount not to exceed $3,300,000 to support the
new water tower and water main along the Northwest Ar[eriaL
The second public hearing is to consider the sale of General Obligation Bonds in an
amount not to exceed $650,000 for the purpose of refunding the remaining portion of
$3,100,000 in General Obligation Bonds previously issued for Water Plant, Water
Pollution Control Plant, Street Construction and Storm Sewer Projects, which will save
the City $8,500 because of more favorable interest rates.
Assuming both of these issuances are approved, Finance Director Ken TeKippe is
recommending advertisement for sale of $3,110,000 in General Obligation Bonds. The
reason it is not $3,300,000 plus $650,000, for a total of $3,950,000, is because the bids
on the water project on the Northwest Arterial came in more favorable than originally
expected, and only $2,500,000 of the $3,300,000 is needed. Also only $610,000 of the
$650,00 is needed. The combination of $2,500,000 and $610,000 equals $3,110,000.
I concur with the recommendation and respectfully request Mayor and City Council
approval of the sale of General Obligation Bonds in the amount not to exceed
$3,950,000 and the advertisement for sale of $3,110,000 in General Obligation Bonds.
Michael C. Van Milligen
MCVM/jh
Attachment
CC:Barry Lindahl, Corporation Counsel
Cindy Steinhauser, Assistant City Manager
Kenneth J. TeKippe, Finance Director
Pauline Joyce, Administrative Services Manager
CITY OF DUBUQUE, IOWA
MEMORANDUM
TO:Michael C. Van Milligen, City Manager
FROM:Kenneth J. TeKippe, Finance Director
SUBJECT:Proceedings for Public Hearings on the Issuance of
General Obligation Bonds
DATE:October 14, 2002
The purpose of this memorandum is to provide the suggested proceedings for the public
hearings on the issuance of General Obligation Bonds for the Water Projects and to
refund the General Obligation Bonds Series 1994, dated May 1, 1994.
Separate hearings should be held on each proposal. In each case, the proceedings
have been prepared on the basis that no objections 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 to be closed. Immediately following the first
hearing, a resolution is to be introduced and adopted entitled "Resolution Instituting
Proceedings to Take Additional Action for the Issuance of Not to Exceed $3,300,000
General Obligation Bonds". Following the second hearing, a resolution entitled
"Resolution Instituting Proceedings to Take Additional Action for the Issuance of Not to
Exceed $650,000 General Obligation Bonds" should be introduced and adopted.
In the event the Council decides to abandon either proposal to issue said Bonds, then
the form of resolution included in said proceedings 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.
Bond Counsel William Noth has also prepared suggested proceedings to direct the
advertisement of Bonds for sale, in the principal amount of $3,110,000 and to approve
the form of Notice of Bond Sale (attached). Under the schedule proposed, these
proceedings should be considered following the public hearings and adoption of the
resolutions taking additional action, with the sale date set for November 4, 2002.
KT/jg
Attachments
cc: Barry Lindahl, Corporation Counsel
Pauline Joyce, Administrative Services Manager
Jeanne Schneider, City Clerk
(This Notice to be posted)
NOTICE AND CALL OF PUBLIC MEETING
Governmental Body:The City Council of Dubuque, Iowa.
Date of Meeting:October 21 ,2002.
Time of Meeting:6.' 30 o'clock P .M.
Place of Meeting:Auditorium, Carnegie-Stout Public Library, Dubuque, Iowa.
PUBLIC NOTICE IS HEREBY GIVEN that the above mentioned governmental
body will meet at the date, time and place above set out. The tentative agenda for said
meeting is as follows:
$3,110,000 General Obligation Bonds, Series 2002C
· Resolution directing the advertisement for sale.
Such additional matters as are set forth on the additional 9 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.
~,CA/ty Clerk, Dubuque, Iowa
October 22 .,2002
The City Council of Dubuque, Iowa, met in Regu 1 ar 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. Duqqan, ill the chair, and the
following named Council Members:
Roy Buol, Patricia Cline, doyce Connors
John Markham, Ann Michalski, Dan Nicholson
Absent: None
-1-
Council Member Markham introduced the following Resolution
entitled "RESOLUTION DIRECTING THE ADVERTISEMENT FOR SALE OF
$3,110,000 GENERAL OBLIGATION BONDS, SERIES 2002C" and moved its
adoption. Council Member Michalski seconded the Resolution to adopt.
The roll was called and the vote was,
AYES: Buol. CLine. Connors. Duoaan. Markham.
Michalski, Nicholson
NAYS: None
Whereupon, the Mayor declared the resolution duly adopted as follows:
RESOLUTION NO. 575-02
RESOLUTION DIRECTING THE ADVERTISEMENT FOR
SALE OF $3,110,000 GENERAL OBLIGATION BONDS,
SERIES 2002C
WHEREAS, the City of Dubuque, Iowa, is in need of funds to pay costs of the
acquisition, constmction, improvement and equipping of waterworks and water main
extensions, inclu~ffig water trealmen~pl~ faeilia~s and water main ~x~ensions and
improvements, essential corporate purposes, and it is deemed necessary and advisable
that the City issue general obligation bonds for said purpose to the amount of not to
exceed $3,300,000 as authorized by Section 384.25 of the City Code of Iowa; and
WHEREAS, pursuant to notice published as required by Section 384.25 this
Council has held a public meeting and hearing upon the proposal to institute proceedings
for the issuance of the above described Bonds, and all objections, if any, to such Council
action made by any resident or property owner of said City were received and considered
by the Council; and it is the decision of the Council that additional action be taken for the
issuance of said Bonds, and that such action is considered to be in the best interests of
said City and the residents thereof; and
WHEREAS, the City of Dubuque, Iowa, is also in need offends to pay costs of
refunding and refinancing certain outstanding indebtedness of the City, consisting of the
General Obligation Bonds, Series 1994, dated May 1, 1994, an essential corporate
-2-
purpose, and it is deemed necessary and advisable that the City issue general obligation
bonds for said purpose to the mount of not to exceed $650,000 as authorized by Section
384.25 of the City Code of Iowa; and
WHEREAS, pursuant to notice published as required by Section 384.25 this
Council bas held a public meeting and hearing upon the proposal to institute proceedings
for the issuance of the above described Bonds, and all objections, if any, to such Council
action made by any resident or property owner of said City were received and considered
by the Council; and it is the decision of the Council that additional action be taken for the
issuance of said Bonds, and that such action is considered to be in the best interests of
said City and the residents thereof; and
WHEREAS, pursuant to Section 384.28 of the City Code of Iowa, it is deemed
appropriate that the various general obligation bonds hereinabove described be combined
for purposes of issuance and sale in a single issue of corporate purpose bonds as
hereinafter set forth.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF DUBUQUE, IOWA:
Section 1. That the Bonds hereinafter described be offered at public sale, pursuant
to advertisement as required by law.
Section 2. That the Clerk is hereby directed to publish notice of sale of said 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. Said notice is
given pursuant to Chapter 75 of the Code of Iowa, and shall state that this Council, on the
4~:h day of November ., 2002, at 6:30 o'clock__P.M., will hold a meeting to
receive and act upon bids for said Bonds; said notice to be in substantially the following
forln;
NOTICE OF BOND SALE
Time and Place of Sealed Bids: Sealed bids for the sale of Bonds of the City of
Dubuque, Iowa, will be received at the office of the Finance Director, City Hall, in the
City of Dubuque, Iowa (the "Issuer") at 11:00 o'clock a.m., on the 4th day of November,
2002. The bids will then be publicly opened and referred for action to the meeting of
the City Council as stated below.
Sale and Award: The sale and award of the Bonds will be held at the
Auditorium, Carnegie-Stout Public Library at a meeting of the City Council on the above
date at 6:30 o'clock p.m.
The Bonds: The Bonds to be offered are the following:
GENERAL OBLIGATION BONDS, SERIES 2002C, in the
amount of $3,110,000, to be dated December 1, 2002 (the
"Bonds").
Principal Adjustment: The City reserves the right to increase or decrease each
annual maturity by an amount not to exceed $25,000 per maturity up to a total amount
of $40,000. The pumhase pdce will be adjusted proportionately to reflect any change in
issue size.
Official Statement: The Issuer has issued an Official Statement of information
pertaining to the Bonds to be offered, including a statement of the Terms of Offering
and an Official Bid Form, which is incorporated by reference as a part of this notice.
The Official Statement may be obtained by request addressed to the City Clerk, 50 W.
13th Street, Dubuque, Iowa 52001 (telephone: 563/589-4100) or the financial advisor to
the City, Evensen-Dodge, Inc., 100 Court Avenue, Suite 203, Des Moines, Iowa 50309
(telephone.~ 515/282-6138):
Terms of Offering: All bids shall be in conformity with and the sale shall be in
accord with the Terms of Offering as set forth in the Official Statement.
Legal Opinion: Said Bonds will be sold subject to the opinion of Ahlers, Cooney,
Dorweiler, Haynie, Smith & AIIbee, P.C., Attorneys of Des Moines, Iowa, as to the
legality and their opinion will be furnished together with the printed Bonds without cost
to the purchaser and all bids will be so conditioned. Except to the extent necessary to'
issue their opinion as to the legality of the Bonds, the attorneys will not examine or
review or express any opinion with respect to the accuracy or completeness of
documents, materials or statements made or furnished in connection with the sale,
issuance or marketing of the Bonds.
Rights Reserved: The right is reserved to reject any or all bids, and to waive any
irregularities as deemed to be in the best interests of the public.
Published by order of the City Council of the City of Dubuclae, Iowa.
~anne F. Schneider, CMC
City Clerk
It 10/25
PASSED AND APPROVED this
__ day of
ATTEST:
,2002.
-6-
CIG-3
9/91
CERTIFICATE
STATE OF IOWA
COUNTY OF DUBUQUE
)
) ss
I, the undersigned City Clerk of Dubuque, Iowa, do hereby certify that attached is
a tme 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 22nd
day of October ~ 2002.
SEAL
DCORNELLk340346\I \I 0422060
-7-
CITY OF DUBUQUE, IOWA
CITY COUNCIL MEETING
MONDAY, OCTOBER 21, 2002
5:00 - DINNER - LIBRARY ROTUNDA
5:30 P.M. - SPECIAL MEETING - PUBLIC WORKS FACILITY DESIGN
6:30 P.M.- REGULAR MEETING
LIBRARY AUDITORIUM
INVOCATION
Sister Dorothy Heiderscheit, President of the Sisters of St. Francis
PROCLAMATIONS
Childhood Lead Poisoning Prevention Week (October 20 - 26, 2002)
Red Ribbon Week (October 23 - 31, 2002)
CONSENT ITEMS
The consent agenda items are considered to be routine and non-controvemial and all consent
items will be normally voted upon in a single motion without any separate discussion on a
particular item. If you would like to discuss one of the Consent Items, please go to the
microphone and be recognized by the Mayor and state the item you would like removed from
the Consent Agenda for separate discussion and consideration.
Minutes Submitted
Airport Commission of 9/26; City Council of 10/7; Housing Code Appeals Board of 8/20;
Human Rights Commission of 9/9; Long Range Planning Commission of 10118;
Plumbing Board of 10/8; Zoning Advisory Commission of 10/2; Zoning Board of
~a~cljustment of 9~26
Proofs of publication of City Council Proceedings of 9~26 and List of Claims and
Summary of Revenues for month ending August 31, 2002
Printed City Council Official Proceedings for August, 2002
Finance Director submitting the City of Dubuque Financial Reports for the month ending
September 30, 2002
Suggested Disposition: Receive and File; Approve as Printed
Notice of Claims/Suite
American Trust and Savings Bank for proper'~j damage; Paul Beyer for property
damage; Hartig Drug Company for property damage; Nancy M. and Lynn J. Kalina for
personal injury; Mike Kilcoyne for property damage; Garry Swank for property damage
Suggested Disposition: Receive and File; Refer to Legal for Investigation/Report
Corporation Counsel advising that the following claims have been referred to Public
Entity Risk Services of Iowa, the agent for the Iowa Communities Assurance Pool:
American Trust and Savings Bank for property damage and Garry Swank for property
damage
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.
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
EXP PRIOR ESTIMATED
TO FY 02 FY 02
$ $
$ $
PROJECT BUDGET
BEYOND
200243 200344 200445 200546 200647 2007
A. EXPENDITURE ITEMS
Design & Engineering $ 154,490
Land and R.O.W.
Construction $ 1,776,635
Other
TOTAL $ 1,931,125
B. PROJECT FINANCING
Water Depreciation Fund $ 31,125
GO Bonds $ 1,900,000
TOTAL $ 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, 1 t. 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 FY 02
$ 735
$ 735 $
$ 735
$ 735 $
PROJECT BUDGET
A. EXPENDITUREITEMS
Design & Engineering
Land and R.O.W.
Constru~ion
Other
TOTAL
B. PROJECT FINANCING
GO Bonds
TOTAL
2002-03
$ 200,000
$ 1,200,000
$ 1,400,000
$ 1,400,000
$ 1,400,000
BEYOND
2003-04 2004-05 2005-06 2006-07 2007
$ $ $
$ $
PROJECT DESCRIPTION
This project has created a fourth pressure zone in the Water Distribution System. This improvement has successfully 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.
JUSTIFICATION
The number of water users is increasing due to rapid expansion of the city on the west side. The new hydropillar water tank will provide the necessary storage for reserve
#ater 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
lenerate an additional $70,000 in water fees to be used for debt service.
IELATIONSHIP TO OTHER PROJECTS
This project implements the Comprehensive Plan's Infrastructure Element: Goals 1.1, 1.2, and 1.3.
MEMORANDUM
October1, 2002
TO:The Honorable Mayor and City Council Members
FROM:Michael C. Van Milligen, City Manager
SUBJECT:Bond Sale to Refund $3,100,000 General Obligation Bonds, Series 1994
dated May 1, 1994
Finance Director Ken TeKippe is recommending the sale of General Obligation Bonds
not to exceed $650,000 to refund the outstanding balance on the $3,100,000 general
obligation bonds, series 1994, dated May 1, 1994, which are currently callable at any
time. The refunded par amount of bonds equals $595,000. The interest rate will be
more favorable than the 5.125% rate for the $315,000 due May 1, 2003, and the
$280,000 due May 1, 2004. It is further requested 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 Refund $3,100,000 General Obligation Bonds, Series 1994
dated May 1, 1994
DATE:October 2, 2002
The purpose of this memorandum is to recommend the sale of General Obligation
Bonds to refund the outstanding balance on the $3,100,000 general obligation bonds,
series 1994, dated May 1, 1994 ("the 1994 bonds"). The 1994 bonds ara currently
callable at any time. The refunded par amount of bonds equals $595,000. Payment
dates for bond principal will not change due to the refunding. The interest rate will be
more favorable than the 5.125% rate for the $315,000 due May 1, 2003 and $280,000
due May 1, 2004. The opportunity and timing to refund exists since the City is currently
in the process of issuing $3,300,000 bonds for water projects. Minimal additional costs
will be incurred with projected net savings to the City of $8,500. 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
$650,000 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 MEET1NG
Governmental Body:The City Council of Dubuque, Iowa.
Date of Meeting:October 21 , ,2002.
Time of Meeting:6:30 o'clock P .M.
Place of Meeting:Auditorium, Carnegie-Stout Public Library, Dubuque, Iowa.
PUBLIC NOTICE IS HEREBY GIVEN that the above mentioned governmental
body will meet at the date, time and place above set out. The tentative agenda for said
meeting is as follows:
Not to exceed $650,000 General Obligation Bonds.
Public hearing on the issuance.
Resolution instituting proceedings to take additional action.
Such additional matters as are set forth on the additional 9 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 roles of said governmental body.
City Clerk, Dubuque, Iowa
October 22 ,2002
The City Council of Dubuque, Iowa, met in Regul ar session, in the Auditorium,
Carnegie-Stout Public Library, Dubuque, Iowa, at 6:30 o'clock P.M., on the above
date. There were present MayorTerrance M. Du~gan , in the chair, andthe
following named Council Members:
Roy Buol, Patricia Cline, Joyce Connors,
John Markham, Ann Michalsk~, Dan Nicholson
Absent: :None
-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 $650,000 General Obligation
Bonds in order to provide funds to pay costs of refunding and refinancing certain
outstanding indebtedness of the City, consisting of the General Obligation Bonds, Series
1994, dated May 1, 1994, an essential corporate purpose, and that notice of the proposed
action by the Council to institute proceedings for the issuance of said Bonds had been
published pursuant to the provisions of Section 384.25 of the City Code of Iowa.
The Mayor then asked the Clerk whether any written objections had been filed by
any City resident or property owner to the issuance of said Bonds. The Clerk advised the
Mayor and the Council that no written objections had been filed. The Mayor then
called for oral objections to the issuance of said Bonds and none . 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)
-2-
The Council then considered the proposed action and the extent of objections
thereto.
Whereupon, Council Member Markham 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 $650,000 GENERAL OBLIGATION BONDS", and moved:
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
o'clock __.M. on the day of ~
2002, at this place.
Council Member
called and the vote was,
Michalski
seconded the motion. The roll was
AYES: Buol, Cline, Connors, Duggan, Markham,
Michalski, Nicholson
NAYS: None
Whereupon, the Mayor declared the measure duly adopted.
RESOLUTION NO. 574-02
RESOLUTION INSTITUTING PROCEEDINGS TO TAKE
ADDITIONAL ACTION FOR THE ISSUANCE OF NOT
TO EXCEED $650,000 GENERAL OBLIGATION BONDS
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
issuance of not to exceed $650,000 General Obligation Bonds for the essential corporate
purpose of paying costs of refunding and refinancing certain outstanding indebtedness of
the City, consisting of the General Obligation Bonds, Series 1994, dated May 1, 1994,
and has considered the extent of objections received from residents or property owners as
to said proposed issuance of Bonds; and, accordingly 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, IOWA:
Section 1. That this Council does hereby institute proceedings and take additional
action for the sale and issuance in the manner required by law of not to exceed $650,000
General Obligation Bonds for the foregoing essential corporate purpose.
PASSED AND APPROVED this 21st day of October 2002.
ATTEST:
-4-
CIG-3
9/91
CERTIFICATE
STATE OF IOWA
COUNTY OF DUBUQUE
)
) ss
)
I, the undersigned City Clerk of Dubuque, Iowa, do hereby certify that attached is
a tree 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
22nd day of 0c~cober v 2002.
(_~City Clerk, Dubuque, Iowa
SEAL
DCORNELL~341631 \1 \10422060
-5-
CITY OF DUBUQUE, iOWA
CITY COUNCIL MEETING
MONDAY, OCTOBER 21, 2002
5:00 - DINNER - LIBRARY ROTUNDA
5:30 P.M. - SPECIAL MEETING - PUBLIC WORKS FACILITY DESIGN
6:30 P.M.- REGULAR MEETING
LIBRARY AUDITORIUM
INVOCATION
Sister Dorothy Heiderscheit, President of the Sisters of St. Francis
PROCLAMATIONS
Childhood Lead Poisoning Prevention Week (October 20 - 26, 2002)
Red Ribbon Week (October 23 - 31, 2002)
CONSENT ITEMS
The consent agenda items ara considerad to be routine and non-controversial and all consent
items will be normally voted upon in a single motion without any separate discussion on a
particular item. If you would like to discuss one of the Consent Items, please go to the
microphone and be racognized by the Mayor and state the item you would like removed from
the Consent Agenda for separate discussion and consideration.
1. Minutes Submitted
Airport Commission of 9/26; City Council of 10/7; Housing Code Appeals Board of 8/20;
Human Rights Commission of 9~9; Long Range Planning Commission of 10/18;
Plumbing Board of 10/8; Zoning Advisory Commission of 10/2; Zoning Board of
-Adjustment of 9/26
Proofs of publication of City Council Proceedings of 9~26 and List of Claims and
Summary of Revenues for month ending August 31, 2002
Pdnted City Council Official Proceedings for August, 2002
Finance Diractor submitting the City of Dubuque Financial Reports for the month ending
September 30, 2002
Suggested Disposition: Receive and File; Approve as Printed
Notice of Claims/Suits
American Trust and Savings Bank for property damage; Paul Beyer for property
damage; Hartig Drug Company for property damage; Nancy M. and Lynn J. Kalina for
personal injury; Mike Kilcoyne for property damage; Garry Swank for property damage
Suggested Disposition: Receive and File; Refer to Legal for Investigation/Report
Corporation Counsel advising that the following claims have been referred to Public
Entity Risk Services of Iowa, the agent for the Iowa Communities Assurance Pool:
American Trust and Savings Bank for property damage and Garry Swank for property
damage