Sewer Revenue Capital Loan Notes Clean Water SRF_$3MMasterpiece 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
$3,058,000 Sewer Revenue Capital Loan Notes (Clean Water State
Revolving Fund Loan) to Refund $3,058,000 Water Revenue Capital Loan
Notes (Drinking Water State Revolving Loan Fund), Series 2010C for the
City Wide Water Meter Replacement and Unmeasured Flow Reducer
Installation 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 not to exceed $3,058,000 in Clean
Water State Revolving Fund Loan Notes prepared by Bond Counsel and to present a
resolution for City Council to adopt entitled "Resolution Instituting Proceedings to Take
Additional Action for the Authorization of a Loan and Disbursement Agreement and the
Issuance of Not to Exceed $3,058,000 Sewer Revenue Capital Loan Notes."
On January 20, 2010, the City authorized the issuance of Water Revenue Capital Loan
Notes (Drinking Water State Revolving Fund Loan) for the City Wide Water Meter
Replacement and Unmeasured Flow Reducer Installation Project. It was the intent that
the project would be funded fifty percent by water revenues and fifty percent by sanitary
sewer revenues since both enterprise utilities use the water meter to bill for services.
For simplicity reasons, the State of Iowa and the City decided to issue one water
revenue note for the project instead of issuing one water revenue note and one sanitary
sewer note. It was the expectation of City staff that the sanitary sewer fund would
transfer half of the debt service cost of the water revenue note for the water meter
project to the water fund annually.
During the Fiscal Year 2012 City audit, it was brought to the attention of City staff that
the transfer of $240,594 for debt service from the sanitary sewer fund to the water fund
could not be counted as revenue towards the water SRF debt covenant requirement
which requires the water fund to produce net revenues in each fiscal year equal to at
least 125% of the debt service requirement on all senior water revenue bonds
outstanding for the year of computation. The City's auditors have concluded that this
transfer is not considered operating revenue of the water fund and therefore cannot be
used to increase the water fund's net income used in the SRF debt covenant test. The
disallowance of treating the transfer from the sewer fund to the water fund as operating
revenue severely impacts the ability for the water fund to meet the debt covenant
requirement on the outstanding SRF debt.
Through discussions with the City's auditors and bond counsel, it has been determined
that the best course of action for the City is to refund not to exceed $3,058,000 of the
Drinking Water State Revolving Loan Fund Notes and to issue not to exceed
$3,058,000 Clean Water State Revolving Fund Notes. This will resolve the issue with
meeting the bond covenant requirement for the water fund since transfers will no longer
be required from the sanitary sewer fund and the water fund will only be paying for 50%
of the total debt of the water meter project.
The total amount of SRF debt for the City Wide Water Meter Replacement project will
remain the same as the amount originally issued. There is not additional debt being
issued for the project. This refunding will result in an equal split of SRF debt for the
Water Meter Replacement project between the Water fund and the Sanitary Sewer
fund.
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 Authorization of a Loan and Disbursement
Agreement and the Issuance of Not to Exceed $3,058,000 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.
kelt
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
Masterpiece on the Mississippi
TO: Michael C. Van Milligen, City Manager
FROM: Jennifer Larson, Budget Director
Dubuque
bierd
All-America City
1
2007
SUBJECT: Proceedings for Public Hearing on the Issuance of Not to Exceed
$3,058,000 Sewer Revenue Capital Loan Notes (Clean Water State
Revolving Fund Loan) to Refund $3,058,000 Water Revenue Capital Loan
Notes (Drinking Water State Revolving Loan Fund), Series 2010C for the
City Wide Water Meter Replacement and Unmeasured Flow Reducer
Installation 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 Clean Water State Revolving Fund Loan Notes prepared by
Bond Counsel and to present a resolution for City Council to adopt entitled "Resolution
Instituting Proceedings to Take Additional Action for the Authorization of a Loan and
Disbursement Agreement and the Issuance of Not to Exceed $3,058,000 Sewer
Revenue Capital Loan Notes." The proceeds of which will be used to refund $3,058,000
of Drinking Water State Revolving Loan Fund Notes which were used for the City Wide
Water Meter Replacement and Unmeasured Flow Reducer Installation Project. A letter
from attorney Mark Cory detailing information on the bond hearing is enclosed.
DISCUSSION
On January 20, 2010, the City authorized the issuance of Water Revenue Capital Loan
Notes (Drinking Water State Revolving Fund Loan) for the City Wide Water Meter
Replacement and Unmeasured Flow Reducer Installation Project. It was the intent that
the project would be funded fifty percent by water revenues and fifty percent by sanitary
sewer revenues since both enterprise utilities use the water meter to bill for services.
For simplicity reasons, the State of Iowa and the City decided to issue one water
revenue note for the project instead of issuing one water revenue note and one sanitary
sewer note. It was the expectation of City staff that the sanitary sewer fund would
transfer half of the debt service cost of the water revenue note for the water meter
project to the water fund annually.
During the Fiscal Year 2012 City audit, it was brought to the attention of City staff that
the transfer of $240,594 for debt service from the sanitary sewer fund to the water fund
could not be counted as revenue towards the water SRF debt covenant requirement
which requires the water fund to produce net revenues in each fiscal year equal to at
least 125% of the debt service requirement on all senior water revenue bonds
outstanding for the year of computation. The City's auditors have concluded that this
transfer is not considered operating revenue of the water fund and therefore cannot be
used to increase the water fund's net income used in the SRF debt covenant test. The
disallowance of treating the transfer from the sewer fund to the water fund as operating
revenue severely impacts the ability for the water fund to meet the debt covenant
requirement on the outstanding SRF debt.
Through discussions with the City's auditors and bond counsel, it has been determined
that the best course of action for the City is to refund not to exceed $3,058,000 of the
Drinking Water State Revolving Loan Fund Notes and to issue not to exceed
$3,058,000 Clean Water State Revolving Fund Notes. This will resolve the issue with
meeting the bond covenant requirement for the water fund since transfers will no longer
be required from the sanitary sewer fund and the water fund will only be paying for 50%
of the total debt of the water meter project.
The total amount of SRF debt for the City Wide Water Meter Replacement project will
remain the same as the amount originally issued. There is not additional debt being
issued for the project. This refunding will result in an equal split of SRF debt for the
Water Meter Replacement project between the Water fund and the Sanitary Sewer
fund.
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 Authorization of a Loan and Disbursement
Agreement and the Issuance of Not to Exceed $3,058,000 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
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@ahterslaw.com
June 22, 2012
Ms. Jenny Larson
Budget Director
City of Dubuque
50 West 13th Street
Dubuque, Iowa 52001
Direct Dial:
(515)246 -0378
RE: Not to exceed $3,058,000 Sewer Revenue Capital Loan Notes
(Refunding Water Revenue Capital Loan Notes, Series 2010C Notes)
(State of Iowa Revolving Fund Loan)
Dear Ms. Larson:
We have now prepared and are enclosing herewith 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 384.82. 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 Authority has advised that all Revolving Fund Loans are subject to additional
procedural requirements, most notably - compliance with prevailing wage (Davis- Bacon)
provisions. We'll coordinate with the Authority on your behalf to properly document this
loan program, but will defer to your engineers for contract compliance requirements.
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
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
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.
Also enclosed are 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.
Also 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.
June 22, 2012
Page 3
Should you have any questions concerning the enclosed proceedings or the SRF
Program, please don't hesitate to contact me.
R. Mark Cory
FOR THE FIRM
RMC:dc
Enclosures
cc: Ken TeKippe (w /encl.)
Barry Lindahl (w /encl.)
David Lyons (w /encl.)
00877006 -1 \10422 -137
ORIGINAL.
(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 $3,058,000 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 erk, City of Iubuque, 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 $3,058,000 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 refunding outstanding water obligation
indebtedness of the City, consisting of the Water Revenue Capital Loan Notes, Series
2010C, dated February 12, 2010 so that the net revenues of the Municipal Sewer Utility
may be used to pay 50% of the costs associated with the acquisition and installation of a
fixed radio network water meter system, 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)
The City Council then considered the proposed action and the extent of objections
thereto.
Whereupon, Council Member Brait 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
$3,058,000 SEWER REVENUE CAPITAL LOAN NOTES ", and moved that the
Resolution be adopted.
was,
Council Member Connors seconded the motion. The roll was called and the vote
AYES: Briag, Buol,connors, Jones, Lynch, Resnick, Sutton
NAYS:
Whereupon, the Mayor declared the measure duly adopted.
RESOLUTION NO. 196 -12
RESOLUTION INSTITUTING PROCEEDINGS TO TAKE
ADDITIONAL ACTION FOR THE AUTHORIZATION OF
A LOAN AND DISBURSEMENT AGREEMENT AND
THE ISSUANCE OF NOT TO EXCEED $3,058,000
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
$3,058,000 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
refunding outstanding water obligation indebtedness of the City, consisting of the Water
Revenue Capital Loan Notes, Series 2010C, dated February 12, 2010 so that the net
revenues of the Municipal Sewer Utility may be used to pay 50% of the costs associated
with the acquisition and installation of a fixed radio network water meter system, 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, STATE OF 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 $3,058,000 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.
4
PASSED AND APPROVED this 16th day of July , 2012.
ATTEST:
5
CERTIFICATE
STATE OF IOWA
) SS
COUNTY OF DUBUQUE
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.
City Cler , City of Dubuque, Sta
(SEAL)
008606414 \10422 -132
of Iowa
CERTIFICATE
STATE OF IOWA
) SS
COUNTY OF DUBUQUE
/AL
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, IOWA, ON THE MATTER OF THE PROPOSED
AUTHORIZATION OF A LOAN AND DISBURSEMENT
AGREEMENT AND THE ISSUANCE OF NOT TO EXCEED
$3,058,000 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:
, 2012.
WITNESS my official signature at Dubuque, Iowa, this
, 2012.
day of
'. � %% % _l / %/
Cit C ;.r , City of Du •uque, S e of Iowa
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
$3,058,000 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 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
$3,058,000 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 of refunding
outstanding water
obligation indebted-
ness of the City,
consisting of the Water
Revenue Capital Loan
Notes, Series 2010C,
dated February 12,
2010 so that the net
revenues of the
Municipal Sewer Utility
may be used to pay
50% of the costs
associated with the
acquisition and
installation of a fixed
radio network water
meter system. 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 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
It 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 $34.53.
Subscribed to before me, . otary Public in and for Dubuque County, Iowa,
this day of , 20/„?..
Notary Public in and for Dubuque County, Iowa.
MARY K. WESTERivi EYER
x ; Commisalon Number 154f385 k{