Sewer Revenue Capital Loan Notes SRF_$9.4MMasterpiece on the Mississippi
TO: The Honorable Mayor and City Council Members
FROM: Michael C. Van Milligen, City Manager
Dubuque
bierd
All-America City
1
2007
SUBJECT: Proceedings for Public Hearing on the Issuance of Not to Exceed
$9,400,000 Sewer Revenue Capital Loan Notes (State Revolving Fund
Sponsored Project)
DATE: July 6, 2012
Budget Director Jennifer is recommending City Council approval of the suggested
proceedings for the public hearing on the issuance of Sewer Revenue Capital Loan
Notes, (State Revolving Fund Sponsored Project) prepared by Bond Counsel and to
present a resolution for City Council to adopt entitled "Resolution Instituting Proceedings
to Take Additional Action for the Issuance of Not to Exceed $9,400,000 Sewer Revenue
Capital Loan Notes."
The proceeds of which will be used to convert forty alleys and two parking lots to
pervious pavement to improve water quality and augment the City's stormwater
management system and the Bee Branch Creek Restoration Project. The purpose of
the hearing is to establish authority for amending the City's Series 2010E Sewer Note
with the Iowa Finance Authority which will permit additional funds for the Bee Branch
Watershed Green Infrastructure Project as a "sponsored project" under the Authority's
new program.
On June 19, 2012, the State Revolving Loan Fund, a joint program of the Iowa
Department of Natural Resources and the Iowa Finance Authority, awarded the City of
Dubuque $9.4 million for the City of Dubuque's Bee Branch Watershed Green
Infrastructure Project (attachment 1). The funds are part of SRF's new Water Resource
Restoration effort, in which watershed protection projects are supported through interest
rate reductions on Clean Water SRF wastewater loans. The funding for the $9.4 million
in improvements will come from interest payments on the City's SRF wastewater loan to
complete the $64 million Water and Resource Recover Center Project which will be
returned to the City to fund the Bee Branch Watershed Green Infrastructure Project.
This arrangement is the first under the Water Resource Restoration program and is a
pilot that the DNR and IFA will use to determine how best to structure the program and
make it available to communities across the state in the future.
The funds will allow the City of Dubuque to install permeable interlocking concrete
pavement in 40 alleys (2.6 linear miles) and two parking lots (1.13 acres) located in the
Bee Branch Watershed, which covers approximately 6.5 square miles from
approximately 9th Street north to 32nd Street and from the Mississippi River west to
Asbury Road. When constructed, the 42 locations will total approximately 268,000
square feet (6.2 acres) of pervious pavement. The project's estimated total cost is $9.42
million and will result in approximately 750,000 cubic feet of runoff water and 2,400
pounds of sediment per year going into the ground rather than the Mississippi River.
Models predict this project could reduce the solids sent to the river by 67 percent and
runoff volume by 50 percent.
The proceedings are prepared to show as a first step the receipt of any oral or written
objections from any resident or property owner to the proposed action of the Council to
issue the Bonds. A summary of objections received or made, if any, should be attached
to the proceedings. After all objections have been received and considered if the
Council decides not to abandon the proposal to issue the Bonds, a form of resolution
follows that should be introduced and adopted, entitled "Resolution Instituting
Proceedings to Take Additional Action for the Issuance of not to exceed $9,400,000
Sewer Revenue Capital Loan Notes."
Section 384.83 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 loan, to the District
Court of a county in which any part of the City is located, within fifteen 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.
In the event the Council decides to abandon the 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.
I concur with the recommendation and respectfully request Mayor and City Council
approval.
Michael C. Van Milligen
MCVM /jml
Attachment
cc: Barry Lindahl, City Attorney
Cindy Steinhauser, Assistant City Manager
Jennifer Larson, Budget Director
Kenneth TeKippe, Finance Director
Gus Pshoyos, City Engineer
Deron Muehring, Civil Engineer II
2
Masterpiece on the Mississippi
Attachment I
CONTACT:
Dave Lyons, Smarter Sustainable Dubuque Project
Manager, 563 - 564 -5455 dlyonsacityofdubuque.orq
Deron Muehring, Civil Engineer
563 - 589 -4270 dmuehrinacityofdubuque.orq
www.cityofdubuque.org
Patti Cale - Finnegan,IDNR SRF Coordinator
515 725 -0498, Patti .Cale- finneoan @dnr.iowa.gov
NEWS RELEASE
June 26, 2012 — For Immediate Release
Dubuque Awarded $9.4 Million for Watershed Project
DUBUQUE, Iowa — The State Revolving Fund (SRF), a joint program of the Iowa
Department of Natural Resources and the Iowa Finance Authority, has awarded the City of
Dubuque $9.4 million to convert 40 alleys and two parking lots to pervious pavement to
improve water quality and augment the city's stormwater management system and the Bee
Branch Creek Restoration Project.
"We are very appreciative of this funding from IDNR and IFA," said Dubuque Mayor
Roy D. Buol. "It is another important step in our Sustainable Dubuque vision and we'll show
the way for Iowa while at the same time improving water quality, preventing future flooding
and creating jobs right here in Dubuque."
The funds were awarded to the City of Dubuque's Bee Branch Watershed Green
Infrastructure Project at a meeting of the Iowa Environmental Protection Commission, which
oversees the DNR, last week in Des Moines. Green Infrastructure is an approach to
stormwater management that is cost - effective, sustainable, and environmentally friendly.
Green Infrastructure management utilizes approaches and technologies to infiltrate,
evapotranspire, capture and reuse stormwater to maintain or restore natural hydrology.
The funds are part of SRF's new Water Resource Restoration effort, in which
watershed protection projects are supported through interest rate reductions on Clean
Water SRF wastewater loans. In Dubuque's case, interest payments on the City's SRF
wastewater loan to complete the $64 million Water and Resource Recovery Center project
are, in effect, returned to Dubuque to fund a local watershed project. The arrangement is
the first under the Water Resource Restoration program and is a "pilot" that DNR and IFA
3
will use to determine how best to structure the program and make it available to
communities across the state in the future.
"We are pleased to be able to partner with the SRF to be the first project under this
new program," said Assistant City Manager Teri Goodmann. "This is a very innovative and
important program for protecting and restoring Iowa's water resources. It took quite a bit of
work to develop this first project, but SRF staff were very helpful and we feel confident we
can be a good 'pilot' for the state."
The funds will allow the City of Dubuque to install permeable interlocking concrete
pavement in 40 alleys (2.6 linear miles) and two parking lots (1.13 acres) located in the Bee
Branch Watershed, which covers approximately 6.5 square miles from approximately
9m
Street north to 32nd Street and from the Mississippi River west to Asbury Road. When
constructed, the 42 locations will total approximately 268,000 square feet (6.2 acres) of
pervious pavement. The project's estimated total cost is $9.42 million and will result in
approximately 750,000 cubic feet of runoff water and 2,400 pounds of sediment per year
going into the ground rather than the Mississippi River. Models predict this project could
reduce the solids sent to the river by 67 percent and runoff volume by 50 percent.
The Bee Branch Watershed Green Infrastructure Project is scheduled to be
completed over the next three years and will augment Dubuque's stormwater management
system, which includes the Carter Road Detention Basin, 32nd Street Detention Basin, and
the restoration of the Bee Branch Creek. With this new project, Dubuque will be taking
stormwater management a step further by managing it at the site, when rainfall hits the
ground. The greatest benefit of pervious pavement is that it allows water to go back into the
ground, efficiently removing pollutants from runoff because they are allowed to go back into
the ground rather than being conveyed to detention basins which require regular
maintenance to remove the collected pollutants.
To date, Dubuque has converted four standard alleys to pervious alleys, just one
percent of the alleys in the Bee Branch Watershed. Upon completion, the Green
Infrastructure Project will increase that to almost 20 percent.
# # #
4
Masterpiece on the Mississippi
Dubuque
bierd
All-America City
1
2007
TO: Michael C. Van Milligen, City Manager
FROM: Jennifer Larson, Budget Director
SUBJECT: Proceedings for Public Hearing on the Issuance of Not to Exceed $9,400,000
Sewer Revenue Capital Loan Notes (State Revolving Fund Sponsored Project)
DATE: July 6, 2012
INTRODUCTION
The purpose of this memorandum is to provide the suggested proceedings for the public
hearing on the issuance of Sewer Revenue Capital Loan Notes (State Revolving Fund
Sponsored Project) prepared by Bond Counsel and to present a resolution for City Council to
adopt entitled "Resolution Instituting Proceedings to Take Additional Action for the Issuance of
Not to Exceed $9,400,000 Sewer Revenue Capital Loan Notes." The proceeds of which will be
used to convert forty alleys and two parking lots to pervious pavement to improve water quality
and augment the City's stormwater management system and the Bee Branch Creek
Restoration Project. The purpose of the hearing is to establish authority for amending the
City's Series 2010E Sewer Note with the Iowa Finance Authority which will permit additional
funds for the Bee Branch Watershed Green Infrastructure Project as a "sponsored project"
under the Authority's new program. A letter from attorney Mark Cory detailing information on
the bond hearing is enclosed.
DISCUSSION
On June 19, 2012, the State Revolving Loan Fund, a joint program of the Iowa Department of
Natural Resources and the Iowa Finance Authority, awarded the City of Dubuque $9.4 million
for the City of Dubuque's Bee Branch Watershed Green Infrastructure Project. The funds are
part of SRF's new Water Resource Restoration effort, in which watershed protection projects
are supported through interest rate reductions on Clean Water SRF wastewater loans. The
funding for the $9.4 million in improvements will come from interest payments on the City's
SRF wastewater loan to complete the $64 million Water and Resource Recover Center Project
which will be returned to the City to fund the Bee Branch Watershed Green Infrastructure
Project. This arrangement is the first under the Water Resource Restoration program and is a
pilot that the DNR and IFA will use to determine how best to structure the program and make it
available to communities across the state in the future.
The funds will allow the City of Dubuque to install permeable interlocking concrete pavement in
40 alleys (2.6 linear miles) and two parking lots (1.13 acres) located in the Bee Branch
Watershed, which covers approximately 6.5 square miles from approximately 9th Street north
to 32nd Street and from the Mississippi River west to Asbury Road. When constructed, the 42
locations will total approximately 268,000 square feet (6.2 acres) of pervious pavement. The
project's estimated total cost is $9.42 million and will result in approximately 750,000 cubic feet
of runoff water and 2,400 pounds of sediment per year going into the ground rather than the
Mississippi River. Models predict this project could reduce the solids sent to the river by 67
percent and runoff volume by 50 percent.
The proceedings are prepared to show as a first step the receipt of any oral or written
objections from any resident or property owner to the proposed action of the Council to issue
the Bonds. A summary of objections received or made, if any, should be attached to the
proceedings. After all objections have been received and considered if the Council decides not
to abandon the proposal to issue the Bonds, a form of resolution follows that should be
introduced and adopted, entitled "Resolution Instituting Proceedings to Take Additional Action
for the Issuance of not to exceed $9,400,000 Sewer Revenue Capital Loan Notes."
Section 384.83 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 loan, to the District Court of a
county in which any part of the City is located, within fifteen 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.
In the event the Council decides to abandon the 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.
The Resolution taking additional action also acknowledges and approves the terms of the SRF
loan program. The terms of the loan being offered to the City are established primarily by
reference to two external sources: the Iowa Finance Authority's administrative rules governing
the SRF Program and, to a lesser extent, by the terms of the bonds issued by the Iowa
Finance Authority to fund the City's loan. These loan terms are not negotiable by individual
borrowers and the City's decision to participate in the SRF Program effectively commits it to
accept a loan on the stated terms.
RECOMMENDATION
I respectfully recommend the adoption of the enclosed resolution instituting the proceedings to
take additional action.
JML
Attachment
cc: Barry Lindahl, City Attorney
Cindy Steinhauser, Assistant City Manager
Kenneth TeKippe, Finance Director
Gus Pshoyos, City Engineer
Deron Muehring, Civil Engineer II
2
AHLERS COONEY, P.C.
100 COURT AVENUE. SUITE 600
DES MOINES. IOWA 50309 -2231
PHONE 515 -243 -7611
FAX: 515-243-2149
WWW.AHLERSLAW.COM
R. Mark Cory
rcory@ahlerslaw.com
June 22, 2012
Ms. Jenny Larson
Budget Director
City of Dubuque
50 West 13th Street
Dubuque, Iowa 52001
RE: Not to exceed $9,400,000 Sewer Revenue Capital Loan Notes
(SRF Sponsored Project)
Dear Ms. Larson:
Direct Dial:
(515)246 -0378
With this letter I am enclosing suggested proceedings to be acted upon by the City
Council 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 384.24A and 384.83. Proceedings for the date of the public
hearing also are enclosed.
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 purpose of this hearing is to establish authority for
amending the City's Series 2010E Sewer Note with the Iowa Finance Authority which
will permit additional funds for the Bee Branch Watershed Green Infrastructure Project
as a "sponsored project" under the Authority's new program.
WISHARD & BAILY - 1888: GUERNSEY & BAILY - 1893; BAILY & STIPP - 1901; STIPP, PERRY. BANNISTER & STARZINGER - 1914; BANNISTER. CARPENTER.
AHLERS & COONEY - 1950; AHLERS. COONEY, DORWEILER, ALLBEE. HAYNIE & SMITH - 1974; AHLERS, COONEY. DORWEILER. HAYNIE. SMITH & ALLBEE. P.C. - 1990
June 22, 2012
Page 2
Notice of the hearing 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 twenty days 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.
I also am enclosing suggested public hearing proceedings prepared to show as a
first step the receipt of any oral or written objections from any resident or property owner
to the proposed action of the City Council to authorize the form of Loan and
Disbursement Agreement and issue the Notes to the Authority. A summary of objections
received or made, if any, should be attached to the proceedings. After all objections have
been received and considered if the City Council decides to enter into the Agreement and
issue the Notes, a form of resolution follows that should be introduced and adopted,
entitled "Resolution Instituting Proceedings to Take Additional Action."
Section 384.83 of the Code of Iowa provides that any resident or property owner
of the City may appeal the decision to take additional action 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 City Council exceeded its authority.
In the event an appeal is filed by any resident or property owner, please see that
we are notified immediately; and, as soon as available, a copy of the notice of appeal
should be furnished our office for review.
In the event the City Council decides to abandon the proposal then the form of
resolution included in said proceedings should not be adopted. We would suggest that, in
this event, a motion merely be adopted to the effect that such proposal is abandoned.
The Resolution taking additional action also acknowledges and approves of the
terms of the SRF loan program. As you know, the terms of the loan being offered to the
City are established primarily by reference to two external sources: the Authority's
administrative rules governing the SRF Program and, to a lesser extent, by the terms of
the bonds issued by the Authority to fund the City's loan. These loan terms are not
negotiable by individual borrowers, and the City's decision to participate in the SRF
Program effectively commits it to accept a loan on the stated terms.
June 22, 2012
Page 3
Enclosed are extra copies of the proceedings to be filled in as the originals and
returned to us for our transcript of the action taken, 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.
Should you have any questions concerning the enclosed proceedings or the SRF
Program, please don't hesitate to contact me.
R. Mark Cory
RMC:dc
Enclosures
cc Ken TeKippe (w /encl.)
Dave Lyons (w /encl.)
Mike Van Milligen (w /encl.)
Teri Goodman (w /encl.)
00867647-1\10422-132
Nt
(This Notice to be posted)
NOTICE AND CALL OF PUBLIC MEETING
Governmental Body: The City Council of the City of Dubuque, Iowa.
Date of Meeting: July 16, 2012.
Time of Meeting: 6:30 P.M.
Place of Meeting: Historic Federal Building, 350 West 6th Street, 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 the
meeting is as follows:
Not to exceed $9,400,000 Sewer Revenue Capital Loan Notes.
• Public hearing on the authorization of a Loan and Disbursement Agreement and
the issuance of Notes to evidence the obligation of the City thereunder.
• Resolution instituting proceedings to take additional action.
Such additional matters as are set forth on the additional 5 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 the governmental body.
City C -rk, City of Dubs , of Iowa
July 16, 2012
The City Council of the City of Dubuque, Iowa, met in regular session, in the
Historic Federal Building, 350 West 6th Street, Dubuque, Iowa, at 6:30 o'clock P.M., on
the above date. There were present Mayor Roy D. Buol in the chair, and the following
named Council Members:
Karla Braig, Joyce Connors, Ric Jones, Kevin Lynch, David
Resnick, Lynn Sutton
Absent:
1
The Mayor announced that this was the time and place for the public hearing and
meeting on the matter of 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 $9,400,000 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 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 Bee Branch Watershed Green
Infrastructure Project, including the construction and installation of permeable
interlocking concrete pavement at approximately 42 alley and parking lot locations in the
Bee Branch Watershed, and that notice of the proposed action by the City Council to
institute proceedings for the authorization of the Loan and Disbursement Agreement and
the issuance of the Notes had been published pursuant to the provisions of Sections
384.24A and 384.82, as amended.
The Mayor then asked the Clerk whether any written objections had been filed by
any City resident or property owner to the proposal. The City Clerk advised the Mayor
and the City Council that no written objections had been filed. The Mayor then called for
oral objections to the proposal 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 City Council then considered the proposed action and the extent of objections
thereto.
Whereupon, Council Member Braig introduced and delivered to the Clerk the
Resolution hereinafter set out entitled "RESOLUTION INSTITUTING PROCEEDINGS
TO TAKE ADDITIONAL ACTION FOR THE AUTHORIZATION OF A LOAN AND
DISBURSEMENT AGREEMENT AND THE ISSUANCE OF NOT TO EXCEED
$9,400,000 SEWER REVENUE CAPITAL LOAN NOTES ", and moved that the
Resolution be adopted.
was,
Council Member Jones seconded the motion. The roll was called and the vote
AYES: Braig, Buol, Connors Jones, Lynch, Resnick, Sutton
NAYS:
Whereupon, the Mayor declared the measure duly adopted.
RESOLUTION NO. 195 -12
RESOLUTION INSTITUTING PROCEEDINGS TO TAKE
ADDITIONAL ACTION FOR THE AUTHORIZATION OF
A LOAN AND DISBURSEMENT AGREEMENT AND
THE ISSUANCE OF NOT TO EXCEED $9,400,000
SEWER REVENUE CAPITAL LOAN NOTES
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
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
$9,400,000 Sewer Revenue Capital Loan Notes to evidence the obligations of the City
3
under said Loan and Disbursement Agreement, for the purpose of paying 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 Bee Branch Watershed Green Infrastructure Project, including the construction
and installation of permeable interlocking concrete pavement at approximately 42 alley
and parking lot locations in the Bee Branch Watershed, and has considered the extent of
objections received from residents or property owners as to said proposal and,
accordingly the following action is now considered to be in the best interests of the City
and residents thereof:
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 takes
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 in the manner required by law of not to exceed $9,400,000 Sewer Revenue
Capital Loan Notes for the foregoing purpose.
Section 2. That this Council does hereby consent to the terms and conditions of
the SRF Loan Program, which terms and conditions and the disclosures provided with
respect thereto are hereby acknowledged, accepted and approved.
Section 3. That the Clerk, with the assistance of the City Attorney and bond
counsel, is hereby authorized and directed to proceed with the preparation of such
documents and proceedings as shall be necessary to authorize the City's participation in
the SRF Loan Program, to select a suitable date for final Council authorization of the
required Loan and Disbursement Agreement and issuance of the Note to evidence the
City's obligations thereunder, and to take such other actions as the Clerk shall deem
necessary to permit the completion of a loan on a basis favorable to the City and
acceptable to this Council.
Section 4. This Resolution shall serve as a declaration of official intent under
Treasury Regulation 1.150 -2 and shall be maintained on file as a public record of such
intent. It is reasonably expected that the general fund moneys may be advanced from
time to time for capital expenditures which are to be paid from the proceeds of the above
loan agreement. The amounts so advanced shall be reimbursed from the proceeds of the
Loan Agreement not later than eighteen months after the initial payment of the capital
expenditures or eighteen months after the property is placed in service. Such
advancements shall not exceed the loan amount authorized in this Resolution unless the
same are for preliminary expenditures or unless another declaration of intention is
adopted.
4
PASSED AND APPROVED this 16th day of July , 2012.
ATTEST:
5
STATE OF IOWA
COUNTY OF DUBUQUE
CERTIFICATE
) 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 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 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.
WITNESS my hand and the seal of the City hereto affixed this 17th day of July,
2012.
(SEAL)
00868641 -1 \10422 -132
City Cle , City of Dubuque, to of Iowa
CERTIFICATE
STATE OF IOWA
) SS
COUNTY OF DUBUQUE
11 A
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 OF DUBUQUE, IOWA ON
THE MATTER OF THE PROPOSED AUTHORIZATION OF A LOAN
AND DISBURSEMENT AGREEMENT AND THE ISSUANCE OF
NOT TO EXCEED $9,400,000 SEWER REVENUE CAPITAL LOAN
NOTES, 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:
July 6 , 2012.
WITNESS my official signature at Dubuque, Iowa, thi
(.i,,de.(_____
, 2012.
4.■ ‘L'21_
Cit • -rk, City o D buq owa
day of
NOTICE OF MEETING
OF THE CITY OF
DUBUQUE, IOWA ON
THE MATTER OF THE
PROPOSED
AUTHORIZATION OF
ALOAN AND
DISBURSEMENT
AGREEMENT AND
THE ISSUANCE OF
NOT TO EXCEED
$9,400,000 SEWER
REVENUE CAPITAL
LOAN NOTES, AND
THE PUBLIC HEARING
ON THE
AUTHORIZATION
AND ISSUANCE I
THEREOF
PUBLIC NOTICE, is
hereby given that the
City Council of the City
of Dubuque, Iowa, will
hold a public hearing.
on the 16th day of July,
2012, at 6:30 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
$9,400,000 Sewer
Revenue Capital Loan
Notes to evidence the
obligations of the City
under said Loan and
Disbursement Agree-
ment, in order to
provide funds to pay
the costs associated
with the 'Bee Branch
Watershed Green
Infrastructure Project,
including the construc-
tion and installation of
permeable interlocking
concrete pavement at
approximately 42 alley
and parking lot
locations in the Bee
Branch Watershed.
The , Notes will not
constitute V general
obligations or' be
payable in any manner
by taxation, but will be
payable from and
secured by the net
revenues of the Muni-
cipal Sewer System.
The proposed Notes,
if and when issued, will
be combined with the
outstanding Sewer
Revenue Capital Loan
Notes, Series 2010E,
under a single loan
agreement with the
Iowa Finance Authority.
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 Agree-
ment and the issuance
of Notes or will
abandon the proposal
to issue the Notes.
Any visual or hearing -
impaired persons need-
ing special assistance
or persons with special
accessibility needs
should contact the City
Clerk's office at (563)
589 -4120 or TDD at
(563) 690 -6678 at least
48 hours prior to the
meeting.,
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 6th day of
July, 2012.
Kevin S. Firnstahl,
City Clerk
1t 7/6
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: July 06, 2012, and for which the charge is $35.09.
Subscribed to before
this 5 day o
a Notary Public in and for Dubuque County, Iowa,
,20/
if
Nary Public in and for Dubuque County, Iowa.
MARY K. WESTERMEYER
Commission Number 1W.B5 'ii