General Obligation Bonds
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Council Member Buo 1 introduced the following Resolution
entitled "RESOLUTION DIRECTING THE ADVERTISEl\.1ENT FOR SALE OF
$6,265,000 GENERAL OBLIGATION BONDS, SERIES 2000C" and moved its
adoption. Council Member Ni cho 1 son seconded the Resolution to adopt.
The roll was called and the vote was,
AYES: Buol, Cline, Duggan, Markham, Michalski,
Ni cho 1 son, Robbi ns
NAYS:
None
Whereupon, the Mayor declared the resolution duly adopted as follows:
RESOLUTION #501-00
RESOLUTION DIRECTING THE ADVERTISEl\.1ENT
FOR SALE OF $6,265,000 GENERAL OBLIGATION
BONDS, SERIES 2000C
WHEREAS, the City of Dubuque, Iowa, is in need of funds to pay costs of aiding
in the planning, undertaking and carrying out of urban renewal project activities under
the authority of Chapter 403 of the Code of Iowa and the Amended and Restated Urban
Renewal Plan for the Downtown Dubuque Urban Renewal District, including but not
limited to the construction of a structured parking facility located at Third and Main
Street, an essential corporate purpose project, and it is deemed necessary and advisable
that the City issue general obligation bonds for said purpose to the amount of $5,600,000
as authorized by Section 384.25 of the City Code ofIowa; and
WHEREAS, pursuant to notice published as required by Sections 384.24 and
384.26 of the City Code of Iowa, this Council has held a public meeting and hearing on
September 18,2000, upon the proposal to institute proceedings for the issuance of the
above described bonds; and no petition was filed in the manner provided by Section
362.4 of the City Code of Iowa, pursuant to the provisions of Section 384.26 of said
Code; 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;
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WHEREAS, the City of Dubuque, Iowa, is in need of funds to pay costs of
construction of improvements at the Dubuque Regional Airport, including those costs
associated with the rehabilitation and improvement of existing T-hangar airplane
facilities and the construction of new T -hangar airplane facilities, an essential corporate
purpose project, and it is deemed necessary and advisable that the City issue general
obligation bonds for said purpose to the amount of $665,000 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 on October 2 ,2000, 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 iss~ance of said bonds, and that such action is
considered to be in the best interests of said City and the residents thereof;
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 RESOL YED 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 nor more than twenty clear
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 ofthe Code of Iowa, and shall state that this Council, on the 24th
day of October, 2000, at 4:30 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 form:
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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.
By order of the City Council of the City of Dubuque, Iowa.
~4'~'ll' C/ . -/C
Ity Clerk of the City of Dubuque, Iowa
(End of Notice )
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PASSED AND APPROVED this /? 1"L day of a:.6~d
. 2000.
ATTEST:
d M
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~:lr4~C/ ;T: ~~N2/
erk
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CITY OF DUBUQUE, IOWA
MEMORANDUM
October 7, 2000
TO: The Honorable Mayor and City Council
FROM: Michael C. Van Milligen, City Manager ~
SUBJECT: Proceeding to Advertise Sale of $6,265,000 General obligation Bonds,
Series 2000C
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. The Bond sale may
be held at any time, but not less than four nor more than twenty clear days
following the date of the last publication.
The attached suggested Council proceedings from the City's Bond Counsel, Bill
Noth, covers the advertisement for sale of the above noted Bonds.
City Council is asked to adopt the attached "Resolution Directing the
Advertisement for Sale of $6,265,000 General Obligation Bonds, Series 2000C".
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Council Member introduced the following Resolution
entitled "RESOLUTION DIRECTING THE ADVERTISEMENT FOR SALE OF
$6,265,000 GENERAL OBLIGATION BONDS, SERIES 2000e" and moved its
adoption. Council Member seconded the Resolution to adopt.
The roll was called and the vote was,
AYES:
NAYS:
Whereupon, the Mayor declared the resolution duly adopted as follows:
RESOLUTION DIRECTING THE ADVERTISEMENT
FOR SALE OF $6,265,000 GENERAL OBLIGATION
BONDS, SERIES 2000C
WHEREAS, the City of Dubuque, Iowa, is in need of funds to pay costs of aiding
in the planning, undertaking and carrying out of urban renewal project activities under
the authority of Chapter 403 of the Code of Iowa and the Amended and Restated Urban
Renewal Plan for the Downtown Dubuque Urban Renewal District, including but not
limited to the construction of a structured parking facility located at Third and Main
Street, an essential corporate purpose project, and it is deemed necessary and advisable
that the City issue general obligation bonds for said purpose to the amount of $5,600,000
as authorized by Section 384.25 of the City Code ofIowa; and
WHEREAS, pursuant to notice published as required by Sections 384.24 and
384.26 of the City Code of Iowa, this Council has held a public meeting and hearing on
September 18, 2000, upon the proposal to institute proceedings for the issuance of the
above described bonds; and no petition was filed in the manner provided by Section
362.4 of the City Code ofIowa, pursuant to the provisions of Section 384.26 of said
. Code; 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;
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WHEREAS, the City of Dubuque, Iowa, is in need offunds to pay costs of
construction of improvements at the Dubuque Regional Airport, including those costs
associated with the rehabilitation and improvement of existing T -hangar airplane
facilities and the construction of new T-hangar airplane facilities, an essential corporate
purpose project, and it is deemed necessary and advisable that the City issue general
obligation bonds for said purpose to the amount of $665,000 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 on , 2000, 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;
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 nor more than twenty clear
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 ofIowa, and shall state that this Council, on the 24th
day of October, 2000, at 4:30 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 form:
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NOTICE OF BOND SALE
Time and Place for Receipt of Bids: Sealed bids for the sale of bonds of the City
of Dubuque, Iowa, will be received by the Director of Administrative Services in
Conference Room B in the City Hall, 50 W. 13th Street, City of Dubuque, Iowa (the
"Issuer") until 11 :00 o'clock A.M., on the 24th day of October, 2000. Bids may also be
sent by facsimile transmission until said time to Speer Financial, Inc., the financial
advisor to the City, as set forth in the Official Statement hereinafter described. All 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 in Conference
Room B in the City Hall at a meeting of the City Council on the above date at 4:30
o'clock P.M.
The Bonds: The bonds to be offered are the following:
GENERAL OBLIGATION BONDS, SERIES 2000C, in the
amount of $6,265,000, to be dated November 1,2000 (the
"Bonds").
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: 319/589-4100) or the financial advisor to the
City, Speer Financial, Inc., 531 Commercial Street, Suite 500, Waterloo, Iowa 50701
(telephone: 319/291-2077).
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 & Allbee, 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
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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.
By order of the City Council of the City of Dubuque, Iowa.
City Clerk of the City of Dubuque, Iowa
(End of Notice)
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ATTEST:
Clerk
PASSED AND APPROVED this
Mayor
day of
. 2000.
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