Loading...
SRF Sanitary Sewer Capital Loan Notes Serices 2018C $4,900,000 Copyrighted October 15, 2018 City of Dubuque Items to be set for Public Hearing # 3. ITEM TITLE: State Revolving Fund (SRF) Sanitary Sewer Capital Loan Notes Series 2018C SUM MARY: City Manager recommending that a public hearing be set for November 5, 2018, on the proposition of selling not to exceed $4,900,000 in Sewer Revenue Capital Loan Notes (State Revolving Loan Fund Program), the proceeds of which will be used to pay costs for Kerper Boulevard Sanitary Sewer Reconstruction and the Eagle Point Park Environmental Restoration Sponsorship project. RESOLUTION Fixing Date for a meeting on the authorization of a Loan and DisbursementAgreement and the issuance of not to exceed $4,900,000 Sewer Revenue Capital Loan Notes of the City of Dubuque, lowa, and providing for publication of notice thereof SUGGESTED DISPOSITION: Suggested Disposition: Receive and File; Adopt Resolution(s), Set Public Hearing for November 5, 2018 ATTACHMENTS: Description Type MVM Memo City Manager Memo Staff Memo Staff Memo Bond Counsel Letter Supporting Documentation Notice of Hearing Supporting Documentation Resolution Resolutions THE CTTY OF Dubuque DuB E ���' I � � I� MGdStCY�11eC2 011 t�12 M1SS1SS2�J�11 zoa�•zoiz•zois TO: The Honorable Mayor and City Council Members FROM: Michael C. Van Milligen, City Manager SUBJECT: Proceedings to Set Public Hearing on the Issuance of Not to Exceed $4,900,000 Sewer Revenue Capital Loan Notes (State Revolving Loan Fund Program for Kerper Boulevard Sanitary Sewer Reconstruction, Series 2018C DATE: October 8, 2018 Budget Director Jennifer Larson recommends that a public hearing be set for November 5, 2018, on the proposition of selling not to exceed $4,900,000 in Sewer Revenue Capital Loan Notes (State Revolving Loan Fund Program), the proceeds of which will be used to pay costs for Kerper Boulevard Sanitary Sewer Reconstruction and the Eagle Point Park Environmental Restoration Sponsorship project. I concur with the recommendation and respectFully request Mayor and City Council approval. ��� ��"��/����1�'~ 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 � All-America City UB E � r � Mas terpiece on the Mississippi Zoo,.2012.Zo13 TO: Michael C. Van Milligen, City Manager FROM: Jennifer Larson, Budget Director SUBJECT: Proceedings to Set Public Hearing on the Issuance of Not to Exceed $4,900,000 Sewer Revenue Capital Loan Notes (State Revolving Loan Fund Program) for Kerper Boulevard Sanitary Sewer Reconstruction DATE: October 8, 2018 INTRODUCTION The purpose of this memorandum is to provide suggested proceeding for a public hearing on the issuance of a not to exceed $4,900,000 Sewer Revenue Capital Loan Notes. A letter from attorney Kristin Cooper detailing information on the public hearing is enclosed. BACKGROUND Approximately 2,400 feet of 18-inch diameter ductile iron sanitary sewer of the Kerper Boulevard sanitary sewer collection system is at risk between Fengler Street and East 16tn Street. Additionally, approximately 1,800 feet of 18-inch diameter vitrified clay sanitary sewer along East 16t" Street is distressed and in need of replacement to eliminate I&I issues due to settlements. Additionally, the 18-inch vitrified clay pipe is under sized to serve the current level of development. The 18-inch ductile iron pipe, along Kerper Boulevard, was installed in 1994 and the 18-inch vitrified clay pipe, along East 16t" Street, was installed in 1957. The reason for the premature failure of the ductile iron pipe is unclear, however, following several attempts to clean, televise, and repair the sewer it was discovered that the pipe wall thickness is severely compromised. Further, the existing manholes show signs of sulfuric acid attack and the section of pipe removed during the repair made in August of 2015 showed signs of extensive corrosion. Many reasons are known as to how hydrogen sulfide can develop in a system such as low pH in the wastewater and reduced velocity or increased retention time of wastewater in the collection system. Engineering staff have identified several different issues with the Kerper Blvd. sanitary sewer and investigated different options replacement of the sewer. Staff selected one of the options and issued the design for bidding in May of 2017. The estimated construction cost of the project was $3,762,675.00. Two Bids were received on June 8, 2017, for the Kerper Blvd, Sanitary Sewer Reconstruction project. Portzen Construction, Inc and Tschiggfrie Excavating Co. each submitted a bid. Both bids were substantially over the estimated construction cost and the bids were rejected. In June 2017, the City held a public hearing on the issuance of not to exceed $3.6 million State Revolving Loan Fund (SRF) Sewer Utility Revenue Capital Loan Notes. In 2018, the City was awarded a $320,000 State Revolving Loan Fund (SRF) Sponsorship Project for the Eagle Point Park Environmental Restoration Project as part of the Kerper Boulevard Sanitary Sewer Reconstruction Project SRF loan. Repayment of a standard Clean Water SRF loan includes the repayment of the original loan amount, the principal, and the cost to finance the loan, interest and fees. On a Clean Water SRF loan with a sponsorship project, the financing costs are reduced by the amount of the cost of the sponsorship project improvements. DISCUSSION Engineering staff re-evaluated the design for cost saving measures and developed three additional design alternatives for consideration. The selected alternative is for full replacement of the failed gravity sewer system, on Kerper Boulevard, with a combination of a force main and gravity system. The new alignment will start at an existing manhole, connected to a 24-inch diameter sanitary sewer with sufficient capacity to accept flows from the Kerper Boulevard service area. Approximately 2/3 of the project will be able to be constructed within public right-of-way, the remaining 1/3 will be constructed on easements across private property. The selected alternative reduces estimated construction costs and impact to businesses and traffic along E. 16th Street, near Kerper Blvd. This was achieved by modifying the previous alignment and utilizing a single lift station and force main. The modified alignment is located along the U.S. Highway 151/61 corridor, between E. 16th Street and Kerper Blvd. The single lift station allows for a much shallower pipe installation and avoids the need for dewatering and specialized trench shoring for that portion of the project. This alignment modification also eliminated the majority of pavement replacement costs on E. 16th Street and at the intersection with Kerper Blvd. This change in alignment also avoids the need to close the U.S. Highway 151/61 ramps, at Kerper Blvd., and virtually eliminates the access impact to businesses along E. 16th Street. Additionally, the new project scope eliminates the costs associated with the replacement of the 1950's era sanitary sewer along East 16th Street. Currently the existing sewer is undersized for the area that it serves. The modified alignment eliminates the Kerper Blvd. sanitary sewer flow from entering the existing undersized sanitary sewer on E. 16th Street. The elimination of the Kerper sanitary sewer flow, from the E. 16th Street sanitary sewer, also has the potential to reduce future sewer replacement costs. The existing sewer, on E. 16th Street, could be replaced with a smaller diameter pipe and at a reduced depth. In late July 2018, Engineering staff revised the previously submitted and approved facility plan to reflect the revised concept. The estimated cost of $3.8 million, for the revised concept, was also included as part of the amended facility plan. The lowa Department of Natural Resources (IDNR) have reviewed and approved the amended facility plan so that the City can apply for an SRF loan to cover construction and contingency cost. Engineering and design will be paid by the sanitary construction fund. The final design was completed the week of October 1 , 2018, along with a construction cost estimate based on the completed design. The final design construction cost estimate, of $4.3 million, is $508,613 more than what was submitted with the facility plan, in July 2018, and $1 .1 million more than the previously approved Intended Use Plan (IUP) submitted for the State Revolving Loan Fund. The plans, specifications, revised estimate and an amended IUP application were submitted, to IDNR, for approval and construction permitting on October 4, 2018. The Kerper Boulevard Sanitary Sewer has an estimated SRF loan amount of $4.4 million and the Eagle Point Park Environmental Restoration Sponsorship project would be 10°k of the Kerper Sanitary Sewer loan amount or $440,000. It is necessary to hold an additional public hearing on the issuance of the SRF loan for the Kerper Boulevard Sanitary Sewer because the revised issuance amount of not to exceed $4.9 million is greater than the not to exceed amount previously approved by City Council ($3.6 million) in June 2017. ACTION TO BE TAKEN I respectfully recommend the adoption of the enclosed resolution fixing the date of November 5, 2018 for a public hearing on the proposed issuance not to exceed $4.9 million in Sewer Revenue Capital Loan Notes (State Revolving Loan Fund Program) for the Kerper Boulevard Sanitary Sewer Reconstruction project ($4.4 million) and the Eagle Point Park Environmental Restoration Sponsorship Program ($440,000). Attachments cc: Crenna Brumwell, City Attorney Cori Burbach, Assistant City Manager Teri Goodmann, Assistant City Manger Jean Nachtman, Finance Director Ahiers&Cooney,P.C. �E 5 E Y Affomeys at Law 100 Court Avenue, Suite 600 ��� � � � � � � Des Moines, lowa 50309-2231 Phone: 515-243-7611 Fax: 515-243-2149 www.ahlerslaw.com Kristin B. Cooper 515.246.0330 kcooper@ahlerslaw.com September 28, 2018 VIA EMAIL Ms. Jenny Larson Budget Director City of Dubuque 50 West 13th Street . Dubuque, Iowa 52001 RE: Not to Exceed$4,900,000 Sewer Revenue Capital Loan Notes (State of Iowa Revolving Fund Loan) Dear Jenny: We have now prepared and are enclosing herewith suggested proceedings to be acted upon by the City Councii in fixing the date of a meeting on the proposition to issue the above mentioned Capital Loan Note and ordering publication of a notice of hearing consistent with the provisions of Code Sections 38424A and 384_83. As you may know,the borrowing of loan funds by the City through the Iowa Water Pollution Control Works Financing Program involves the same procedures applicable to the issuance and sale of municipal bonds generally_ In this instance, the Iowa Finance Authority (the "Authority") has agreed to make the City a low-interest loan under the terms of a Loan and Disbursement Agreement, which will be secured and evidenced by a Sewer Revenue Capital Loan Note that will be issued to the Authority at the time the loan is closed. The Authority has advised that all Revolving Fund loans are subject to additional procedural requirements, most notably- compliance with prevailing wage (Da�is-Bacon) provisions. We'il coordinate with the Authority on your behalf to properly document this loan program, but will defer to your engineers for contract compliance requirements. Publication Requirement—Notice of Hearin�. 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 twentv da�s before the date of said public meeting. 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. WISHARD $i BAILY — 18$$; GUERNSEY $c BAIIY — 7893; BAILY $i STIPP — 7901; STIPP, PERRY, BANNISTER $i STARZINGER — 1914: BANNISTER, CARPENTER, AHLERS & COONEY — 1950; AHLERS, COONEY, DORWEILER, ALLBEE, HAYNIE & SMITH — 7974; AHLERS, COONEY, DORWEILER, HAYNIE, SMITH $c ALLBEE, P.C. — 1990 September 28, 2018 Page 2 Also enclosed is an extra copy of the proceedings to be filled in as the original and certified back to this office, together with the publisher's affidavit of publication of the notice of hearing. We are also enclosina an extra copv of the notice of hearin6 to be delivered to the newspaper for publication purposes A certificate to attest to the proceedings is also enclosed. We will prepare and forward to you in the near future, suggested procedures to be acted upon the date of hearing. If you have any questions concerning the enclosed proceedings or the SRF Program, please don't hesitate to contact me. Very truly yours, Ahlers & Cooney, P.C. Kris in Billingsley Cooper FOR THE FIRM KBC:seb Enclosures cc: Alexis Steger, Senior Budget Analyst, City of Dubuque Jean Nachtman, Finance Director, City of Dubuque Tami Lansing, Assistant Finance Director, City of Dubuque Tionna Pooler, Independent Public Advisors, LLC 01366727-1\10422-181 ITEMS TO INCLUDE ON AGENDA CITY OF DUBUQUE, IOWA Not To Exceed $4,900,000 Sewer Revenue Capital Loan Notes (SRF). • Resolution fixing date for a meeting on the proposition to authorize a Loan and Disbursement Agreement and the issuance of Notes to evidence the obligations of the City thereunder. NOTICE MUST BE GIVEN PURSUANT TO IOWA CODE CHAPTER 21 AND THE LOCAL RULES OF THE CITY. October 15, 2018 The City Council of the City of Dubuque, State of Iowa, met in regualr session, in the Historic Federal Building, 350 West 6th Street, Dubuque, Iowa, at 6:00 o'clock P.M., on the above date. There were present Mayor Roy D. Buol in the chair, and the following named Council Members: Luis Del Toro, Ric Jones, Kate Larson, David Resnick, Jake Rios, Brett Shaw Absent: 1 Council Member Resnick introduced the following Resolution entitled "RESOLUTION FIXING DATE FOR A MEETING ON THE AUTHORIZATION OF A LOAN AND DISBURSEMENT AGREEMENT AND THE ISSUANCE OF NOT TO EXCEED $4,900,000 SEWER REVENUE CAPITAL LOAN NOTES OF THE CITY OF DUBUQUE, IOWA, AND PROVIDING FOR PUBLICATION OF NOTICE THEREOF", and moved that the same be adopted. Council Member Shaw seconded the motion to adopt. The roll was called and the vote was, AYES: Jones, Resnick, Larson, Buol, Del Toro, Shaw, Rios NAYS: Whereupon, the Mayor declared the Resolution duly adopted as follows: RESOLUITON NO. 312-18 RESOLUTION FIXING DATE FOR A MEETING ON THE AUTHORIZATION OF A LOAN AND DISBURSEMENT AGREEMENT AND THE ISSUANCE OF NOT TO EXCEED $4,900,000 SEWER REVENUE CAPITAL LOAN NOTES OF THE CITY OF DUBUQUE, IOWA, AND PROVIDING FOR PUBLICATION OF NOTICE THEREOF WHEREAS, it is deemed necessary and advisable that the City of Dubuque, Iowa should provide for the authorization of a Loan and Disbursement Agreement and the issuance of Sewer Revenue Capital Loan Notes, in the amount of not to exceed $4,900,000, as authorized by Sections 384.24A and 384.83, Code of Iowa, as amended, for the purpose of providing funds to pay costs as hereinafter described; and WHEREAS, the City has applied for a loan through the Iowa Water Pollution Control Works Financing Program pursuant to which the Iowa Finance Authority has agreed to purchase the City's Notes and has requested that such Notes be issued as a single Note in a denomination equal to the total amount of the issue as authorized by Chapter 384 Code of Iowa; and WHEREAS, the Loan and Disbursement Agreement and Note shall be payable solely and only out of the Net Revenues of the Municipal Sewer System and shall be a first lien on the future Net Revenues of the Utility; and shall not be general obligations of the City or payable in any manner by taxation and the City shall be in no manner liable by reason of the failure of the Net Revenues to be sufficient for the payment of the Loan and Disbursement Agreement and Note; and WHEREAS, before a Loan and Disbursement Agreement may be authorized and Sewer Revenue Capital Loan Notes issued to evidence the obligation of the City thereunder, it is necessary to comply with the provisions of the Code of Iowa, as amended, and to publish a -2- notice of the proposal and of the time and place of the meeting at which the Council proposes to take action for the authorization of the Loan and Disbursement Agreement and Notes and to receive oral and/or written objections from any resident or property owner of the City to such action. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DUBUQUE, STATE OF IOWA: Section 1. That this City Council meet in the Historic Federal Building, 350 West 6th Street, Dubuque, Iowa, at 6:00 o'clock P.M., on the 5th day of November, 2018, for the purpose of taking action on the matter of the authorization of a Loan and Disbursement Agreement and the issuance of not to exceed $4,900,000 Sewer Revenue Capital Loan Notes to evidence the obligations of the City thereunder, the proceeds of which will be used to provide funds to pay the costs of acquisition, construction, reconstruction, extending, remodeling, improving, repairing and equipping all or part of the Municipal Sewer System, including those costs associated with the Kerper Boulevard sanitary sewer reconstruction project and the Eagle Point Park Environmental Restoration Project. 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 the Notes. Section 3. The notice of the proposed action shall be in substantially the following form: 3 (To be published between: October 16 and October 31, 2018) NOTICE OF MEETING OF THE CITY OF DUBUQUE, IOWA ON THE MATTER OF THE PROPOSED AUTHORIZATION OF A LOAN AND DISBURSEMENT AGREEMENT AND THE ISSUANCE OF NOT TO EXCEED $4,900,000 SEWER REVENUE CAPITAL LOAN NOTES, AND THE PUBLIC HEARING ON THE AUTHORIZATION AND ISSUANCE THEREOF PUBLIC NOTICE is hereby given that the City Council of the City of Dubuque, Iowa, will hold a public hearing on the 5th day of November, 2018, at o'clock .M., in the Historic Federal Building, 350 West 6th Street, Dubuque, Iowa, at which meeting the City Council proposes to take additional action for the authorization of a Loan and Disbursement Agreement by and between the City and the Iowa Finance Authority, and the issuance to the Iowa Finance Authority of not to exceed $4,900,000 Sewer Revenue Capital Loan Notes to evidence the obligations of the City under said Loan and Disbursement Agreement, in order to provide funds to pay the costs of acquisition, construction, reconstruction, extending, remodeling, improving, repairing and equipping all or part of the Municipal Sewer System, including those costs associated with the Kerper Boulevard sanitary sewer reconstruction project and the Eagle Point Park Enviromrnental Restoration Project. The Notes will not constitute general obligations or be payable in any manner by taxation, but will be payable from and secured by the Net Revenues of the Municipal Sewer System. At the above meeting the City Council shall receive oral or written objections from any resident or property owner of the City, to the above action. After all objections have been received and considered, the City Council will at this meeting or at any adjournment thereof, take additional action for the authorization of said Loan and Disbursement Agreement and the issuance of Notes or will abandon the proposal to issue the Notes. This Notice is given by order of the City Council of the City of Dubuque, Iowa, as provided by Sections 384.24A and 384.83, as amended. Dated this day of , 2018. Mayor (End of Notice) -4 PASSED AND APPROVED this 15th day of October, 2018. ATTEST: CERTIFICATE STATE OF IOWA ) COUNTY OF DUBUQUE ) SS I, the undersigned City Clerk of the City of Dubuque, State of Iowa, do hereby certify that attached is a true and complete copy of the portion of the corporate records of the City showing proceedings of the City Council, and the same is a true and complete copy of the action taken by the Council with respect to the matter at the meeting held on the date indicated in the attachment, which proceedings remain in full force and effect, and have not been amended or rescinded in any way; that meeting and all action thereat was duly and publicly held in accordance with a notice of public hearing and tentative agenda, a copy py of which was timely served on each member of the Council and posted on a bulletin board or other prominent place easily accessible to the public and clearly designated for that purpose at the principal office of the Council (a copy of the face sheet of the agenda being attached hereto) pursuant to the local rules of the Council and the provisions of Chapter 21, Code of Iowa, upon reasonable advance notice to the public and media at least twenty-four hours prior to the commencement of the meeting as required by law and with members of the public present in attendance; I further - certify that the individuals named therein were on the date thereof duly and lawfully possessed of their respective City offices as indicated therein, that no Council vacancy existed except as may be stated in the proceedings, and that no controversy or litigation is pending, prayed or threatened involving the incorporation, organization, existence or boundaries of the City or the right of the individuals named therein as officers to their respective positions. IT . ESS my hand and the seal of the City hereto affixed this , f7 dayof 2018. City ',.1'er , City of Dubuque, State of Iowa ROLL CALL ORDER FOR MEETING OF October 15, 2018 Jones, Resnick, Larson, Buol, Del Toro, Shaw, Rios CITY OF DUBUQUE, IOWA CITY COUNCIL MEETING Historic Federal Building 350 W. 6th Street October 15, 2018 Council meetings are video streamed live and archived at www.cityofdubuque.org/media and on Dubuque's CityChannel on the Mediacom cable system at cable channel 8 and digital 117.2 REGULAR SESSION 6:00 PM PLEDGE OF ALLEGIANCE PROCLAMATION(S) 1. Gentleman Dav (October 17, 2018) CONSENT ITEMS The consent agenda items are considered 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 recognized by the Mayor and state the item you would like removed from the Consent Agenda for separate discussion and consideration. 1. Minutes and Reports Submitted City Council Proceedings of 10/1; Historic Preservation Commission of 9/20; Library Board of Trustees Minutes of 7/26, 8/23 and Council Update #175 of 7/26; Park and Recreation Advisory Commission of 9/26; Zoning Advisory Commission of 10/3; Zoning Board of Adjustment of 9/27; Proof of publication for City Council Proceedings of 9/17; Proof of Publication for List of Claims and Summary of Revenues for Month Ending 8/31/18 Suggested Disposition: Receive and File 2. Notice of Claims and Suits Jeffrey Kostein for property damage, Lindsay Lannen for vehicle damage, and Andrew Topping for vehicle damage. Suggested Disposition: Receive and File; Refer to City Attorney 3. Notice of Claims and Suits Pg. 1 STATE OF IOWA COUNTY OF DUBUQUE CERTIFICATE ) SS ) 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 from the Council of the City, I have caused a NOTICE OF MEETING OF THE CITY COUNCIL OF THE CITY OF DUBUQUE, STATE OF IOWA, ON THE MATTER OF THE PROPOSED AUTHORIZATION OF A LOAN AND DISBURSEMENT AGREEMENT AND THE ISSUANCE OF NOT TO EXCEED $4,900,000 SEWER REVENUE CAPITAL LOAN NOTES, OF THE CITY OF DUBUQUE, AND THE PUBLIC HEARING ON THE AUTHORIZATION AND 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 the Notice was published in all of the issues thereof published and circulated on the following date: , 2018. WITNESS my official signature at Dubuque, Iowa, this 2018. 01366731-1\10422-131 day of City C�l'erk, City ofDubugiie, State of Iowa t STATE OF IOWA {SS: DUBUQUE COUNTY CERTIFICATION OF PUBLICATION I, Suzanne Pike, a Billing Clerk for Woodward Communications, Inc., an Iowa corporation, publisher of the Telegraph Herald, a newspaper of general circulation published in the City of Dubuque, County of Dubuque and State of Iowa; hereby certify that the attached notice was published in said newspaper on the following dates: October 19, 2018, and for which the charge is $32.22 Subscribed to before me, a Notary Public in and for Dubuque County, Iowa, this 'Li ‘t day of 1 Notary Public n .i d for Dubuque Cou ty, Iowa. ,20( . JAN Commisil on Nutfjl~~sif Comm: C �?�� j i ?o l ' rd, CITY. OF DUBUQUE, IOWA OFFICIAL NOTICE NOTICE OF MEETING OF THE!' CITY OF DUBUQUE, IOWA ON THE, MATTER OF THE PROPOSED AUTHO- RIZATION OF 'A,•L;OAN, AND DISBURSEMENT AGREEMENT AND THE ISSUANCE OF NOT TO EXCEED ' r $4,900,000 SEWER REVENUE CAPI- TAL LOAN NOTES, AND THE, PUBLIC HEARING ON THE - AUTHORIZA- TION AND ISSUANCE. THEREOF PUBLIC" NOTICE is hereby given thatthe' City Council of the City of Dubuque, Iowa, will hold a public hearing on the 5th day of November, 2018, at 6:00 o'clock P.M., in the Historic Federal Build-, ing, 350 West 6th Street, Dubuque, Iowa, at which 'meeting the City Council proposes to take additional ac-, tion for the authoriza- tion of a' Loan and Disbursement Agree- ment by and between the City and the Iowa Finance Authority, and the issuance to the Iowa Finance Authority of not to ; exceed $4,900,000 Sewer Rev- enue Capital Loan Notes to evidence the obligations of the City, under said Loan _ and Disbursement Agree- ment, in order to pro- vide funds to pay the costs of , acquisition, construction, recon- struction, extending, remodeling, improving, repairing and equip- ping all or part of the Municipal Sewer Sys- I tem, including those costs:. associated with the Kerper Boulevard sanitary 'sewer recon- struction project and the Eagle- Point Park Environmental Restora- tion Project. The Notes will not constitute gen- eral obligations or be. payable in any manner by taxation, but will be jpayable from and se- 'cured by the Net Rev- enues of the Municipal Sewer System. At the above meeting the City Council shall receive oral or written objections from any resident or property owner of the City,'' to the above action. After all objections have been received and con- sidered, the City Coun- cil will at this meeting or at any adjournment thereof, take additional action for the autho- rization of said Loan and Disbursement Agreement and the is- suance of Notes or will abandon the proposal to issue the Notes. This Notice is given by order of the city Coun- cil of the City " of Dubuque, Iowa, as pro- vided by Sections 384.24A and 384:83, as amended. Dated this 19th day of October 2018. Kevin S. Firnstahl City Clerk of the City of Dubuque, Iowa It 10/19 CITY OF DUBUQUE, IOWA OFFICIAL NOTICE NOTICE OF MEETING OF THE CITY OF DUBUQUE, IOWA ON THE MATTER OF THE PROPOSED AUTHORIZATION OF A LOAN AND DISBURSEMENT AGREEMENT AND THE ISSUANCE OF NOT TO EXCEED $4,900,000 SEWER REVENUE CAPITAL LOAN NOTES, AND THE PUBLIC HEARING ON THE AUTHORIZATION AND ISSUANCE THEREOF PUBLIC NOTICE is hereby given that the City Council of the City of Dubuque, Iowa, will hold a public hearing on the 5th day of November, 2018, at 6:00 o'clock P.M., in the Historic Federal Building, 350 West 6th Street, Dubuque, Iowa, at which meeting the City Council proposes to take additional action for the authorization of a Loan and Disbursement Agreement by and between the City and the Iowa Finance Authority, and the issuance to the Iowa Finance Authority of not to exceed $4,900,000 Sewer Revenue Capital Loan Notes to evidence the obligations of the City under said Loan and Disbursement Agreement, in order to provide funds to pay the costs of acquisition, construction, reconstruction, extending, remodeling, improving, repairing and equipping all or part of the Municipal Sewer System, including those costs associated with the Kerper Boulevard sanitary sewer reconstruction project and the Eagle Point Park Environmental Restoration Project. The Notes will not constitute general obligations or be payable in any manner by taxation, but will be payable from and secured by the Net Revenues of the Municipal Sewer System. At the above meeting the City Council shall receive oral or written objections from any resident or property owner of the City, to the above action. After all objections have been received and considered, the City Council will at this meeting or at any adjournment thereof, take additional action for the authorization of said Loan and Disbursement Agreement and the issuance of Notes or will abandon the proposal to issue the Notes. This Notice is given by order of the City Council of the City of Dubuque, Iowa, as provided by Sections 384.24A and 384.83, as amended. Dated this 19th day of October 2018. Kevin S. Firnstahl City Clerk of the City of Dubuque, Iowa 1t 10/19 STATE OF IOWA DUBUQUE COUNTY {SS: CERTIFICATION OF PUBLICATION I, Suzanne Pike, a Billing Clerk for Woodward Communications, Inc., an Iowa corporation, publisher of the Telegraph I-Ierald,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: October 19, 2018, and for which the charge is $32.22. ,S2 c,‘ Subscribed to before me, a Notary Public in and for Dubuque County, Iowa, this fea day of ,:. 20,'J'` Notary Public in and for Dubuque County, Iowa. ',aiIrt',i1 ". wtd'f1�1:st 1 hfisy Iowa E nanceAuthor[ty of _' liof for exceed $4;900 000 Sewer Rev= entre Dapital Loan Notes to euldence tho obligations•of'the City tem,Y mcludmg those`: costs_ assoaated.;with' the'Kerper Boulevard` sanitary structioH the 'Eagle Point', Park Environmental Restora tion Prole Cat.` The: Notes will not constjtute gen-, eral .obligations: or:be payable m any,rnanner taxation,but will be able from ,and se- edby the ;Net Rev; ues of the Munal werSystem. r '1 the above meeting City Council shall ive' oral or written ctions, from;: any dent or property r of the City, to above action. After objections have received and con- red, the City Coun- ill at. this meeting any adjournment eof, take additional n for' the 'autho 00 of,said ;Loan Disbursement ement and the is- ce of Notes or will don the' proposal ue the Notes. Notice is given by of the'City Coun- of the City= of ue, Iowa; as pro- I by Sections A and 384.83, as d. d this 19th day 01 2018. Kevin 5. Firnstahl rk of the City of Dubuque, Iowa CITY OF DUBUQUE, '�'i IOWA by. OFFICIAL NOTICE NOTICE OF'MEETING pay OF: `--THE-,-;, CITY OF .' cur DUBUQUE, IOWA ON' ! sn THE`<MATTER; OF THE Se PROPOSED AUTHO-! e RIZATION OF- A_LOAN ! the AND:' DISBURSEMENT rece AGREEMENT AND THE res( ' ISSUANCE OF NOT TO' resi EXCEED $4,900,000 owne SEWER REVENUE CAPI- TAL LOAN NOTES, AND: bel . THE PUBLIC+HEARING,,' been ON THE AUTHORIZA- side TION' AND ISSUANCE cil w THEREOF or at PUBLIC `NOTICE is, they hereby: given :that the, actio City Council of the City aizdti of Dubuque, Iowa, will ; Agr d hold a public hearing ' Agree on the 5th day of swan November, 2018, at , aban 6:00 o'clock P.M., in the to iss Historic 'Federal Build- , This ing, 350 West 6th order Street, Dubuque,:, Iowa, Du at which meeting the vided City Council proposes 38424 to take additional ac- 384.24 tion for the autloriza- amende do Date n of a . Loan and Disbursement .Agree- October ment ye and between the City and the fowa city, ity Cle FinanceAuthority, and the issUance to the 1t 10/19