Reallocation of Series 2012H General Obligation Bond_Initiate Copyright 2014
City of Dubuque Items to be set for Public Hearing # 3.
ITEM TITLE: Reallocation of Series 2012H General Obligation Bond
Proceeds
SUMMARY: City Manager Recommending setting a public hearing for
June 20, 2016, on a proposal to reallocate not to exceed
$500,000 of the unspent proceeds of the General
Obligation Bond Series 2012H from the renovation of the
second floor of the Multicultural Family Center to fund the
acquisition of the Colts Drum & Bugle Corps building at
1101 Central Avenue.
RESOLUTION Fixing date for a meeting on the proposal to
reallocate certain unspent proceeds of the General
Obligation Bonds, Series 2012H, of the City of Dubuque,
Iowa, and providing for publication of notice thereof
SUGGESTED DISPOSITION: Suggested Disposition: Receive and File; Adopt
Resolution(s), Set Public Hearing for 6/20/16
ATTACHMENTS:
Description Type
MVM Memo City Manager Memo
Staff Memo Staff Memo
Resolution Resolutions
THE CITY OF Dubuque
UBE I
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Masterpiece on the Mississippi 2007-2012-2013
TO: The Honorable Mayor and City Council Members
FROM: Michael C. Van Milligen, City Manager
SUBJECT: Proceedings for Reallocation of General Obligation Bonds Series 2012H
DATE: May 24, 2016
Budget Director Jennifer Larson recommends setting a public hearing for June 20,
2016, on a proposal to reallocate not to exceed $500,000 of the unspent proceeds of
the General Obligation Bond Series 2012H from the renovation of the second floor of
the Multicultural Family Center to fund the acquisition of the Colts Drum & Bugle Corps
building at 1101 Central Avenue.
I concur with the recommendation and respectfully request Mayor and City Council
approval.
W+t
Michael C. Van Milligen
MCVM/jml
Attachment
cc: Barry Lindahl, City Attorney
Cindy Steinhauser, Assistant City Manager
Teri Goodmann, Assistant Finance Director
Jennifer Larson, Budget Director
Jean Nachtman, Finance Director
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Masterpiece on the Mississippi
TO: Michael C. Van Milligen, City Manager
FROM: Jennifer Larson, Budget Director
SUBJECT: Proceedings for Reallocation of General Obligation Bonds Series 2012H
DATE: May 24, 2016
INTRODUCTION
The purpose of this memorandum is to provide suggested proceedings for holding a
public hearing on the reallocation of General Obligation Bond Series 2012H.
DISCUSSION
The City of Dubuque issued General Obligation Bonds ($2,385,000) in the fall of 2012
for the purpose of paying the costs of aiding in the planning, undertaking and carrying
out of urban renewal project activities for Greater the Downtown Urban Renewal District
and the Technology Park South District, including those costs associated with
construction of a rail platform for the intermodal transportation center; Multicultural
Family Center repairs and improvements including renovation of the second floor;
construction of an Americans with Disabilities Act (ADA) compliant restroom; utilities
extensions; and construction of a trail in Technology Park South.
Since the Multicultural Family Center second floor renovation project is on hold until the
Bus Storage and Maintenance Facility project is completed, a balance remains. These
proceedings are required to reallocate not to exceed $500,000 of the unused bond
funds from the renovation of the second floor of the Multicultural Family Center
($1 ,378,161 as of May 23, 2016) to fund the acquisition of the Colts Drum & Bugle
Corps building at 1101 Central Avenue, as permitted by Iowa Code.
RECOMMENDATION
I respectfully recommend the adoption of the enclosed resolution fixing the date of June
20, 2016 for a public hearing on the proposal to reallocate unspent bond proceeds of
the General Obligation Series 2012H and providing for publication of notice.
JML
Attachment
cc: Barry Lindahl, City Attorney
Cindy Steinhauser, Assistant City Manager
Teri Goodmann, Assistant City Manager
Jean Nachtman, Finance Director
(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: June 6, 2016.
Time of Meeting: 6:30 o'clock 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 said
meeting is as follows:
$ Resolution fixing date for a meeting on the proposal to reallocate certain
unspent proceeds of the General Obligation Bonds, Series 2012H, and
providing for publication of notice thereof
Such additional matters as are set forth on the additional 4 page(s) attached hereto.
(number)
This notice is given at the direction of the Mayor pursuant to Chapter 21, Code of
Iowa, and the local rules of said governmental body.
June 6 2016
The City Council 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 Pro -Tem Ric W. Jones in the chair, and the following named
Council Members:
Joyce Connors, Luis Del Toro, Kevin Lynch, David Resnick, Jake Rios
Absent: Mayor Roy D. Buol
Council Member Lynch introduced the following Resolution entitled
"RESOLUTION FIXING DATE FOR A MEETING ON THE PROPOSAL TO
REALLOCATE CERTAIN UNSPENT PROCEEDS OF THE GENERAL
OBLIGATION BONDS, SERIES 2012H, OF THE CITY OF DUBUQUE, IOWA, AND
PROVIDING FOR PUBLICATION OF NOTICE THEREOF", and moved that the same
be adopted. Council Member Connors seconded the motion to adopt. The roll was called
and the vote was,
AYES: Rios, Resnick, Connors, Del Toro, Jones, Lynch
NAYS:
Whereupon, the Mayor declared the resolution duly adopted as follows:
RESOLUTION NO. 224-16
RESOLUTION FIXING DATE FOR A MEETING ON THE PROPOSAL
TO REALLOCATE CERTAIN UNSPENT PROCEEDS OF THE
GENERAL OBLIGATION BONDS, SERIES 2012H, OF THE CITY OF
DUBUQUE, IOWA, AND PROVIDING FOR PUBLICATION OF
NOTICE THEREOF
WHEREAS, pursuant to hearings duly held under Iowa Code Section 384.25 and a
resolution approved on November 19, 2012, the City Council of the City of Dubuque,
Iowa has previously issued its General Obligation Bonds, Series 2012H, in the aggregate
principal amount of $2,385,000 (the "Series 2012H Bonds"), for the purpose, among
other things, of paying the costs of aiding in the planning, undertaking and carrying out
of urban renewal project activities for Greater the Downtown Urban Renewal District and
the Technology Park South District, including those costs associated with construction of
a rail platform for the intermodal transportation center; Multicultural Family Center
repairs and improvements including renovation of the second floor; construction of an
Americans with Disabilities Act (ADA) compliant restroom; utilities extensions; and
construction of a trail in Technology Park South; and
WHEREAS, certain proceeds of the Series 2012H Bonds remain unspent, and the
City Manager has recommended that not to exceed $500,000 of such unspent proceeds
(the "Unspent Proceeds") be applied for the purpose of funding acquisition of the Colts
Drum & Bugle Corps building at 1101 Central Avenue (from the Series 2012 Bonds) (the
"Project"); and
WHEREAS, there being no procedure specified under Iowa law for consideration
or approval of such a reallocation, it is hereby determined, pursuant to Section 364.6 of
the Code of Iowa, that the procedure set forth in Section 384.25 of the Code of Iowa
should apply to such proposal, and that a hearing be held upon the proposal to reallocate
the Unspent Proceeds to provide funds for the Project.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF DUBUQUE, IOWA:
Section 1. That this Council meet in the Historic Federal Building, 350 West 6th
Street, Dubuque, Iowa, at 6:30 o'clock PM., on the 6th day of June, 2016, for the purpose
of taking action on the matter of the proposed reallocation of the Unspent Proceeds of the
Series 2012H Bonds to provide funds to defray all or a portion of the costs of the Project.
Section 2. That the City Clerk is hereby directed to cause one publication to be
made of 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.
Section 3. The notice of the proposed action shall be in substantially the following
fond:
NOTICE OF MEETING OF THE CITY COUNCIL OF THE CITY OF
DUBUQUE, IOWA, ON THE MATTER OF THE PROPOSED
REALLOCATION OF CERTAIN UNSPENT PROCEEDS OF THE
GENERAL OBLIGATION BONDS, SERIES 2012H, OF THE CITY OF
DUBUQUE, IOWA, AND THE PUBLIC HEARING THEREON
PUBLIC NOTICE is hereby given that the Council of the City of Dubuque, Iowa,
will hold a public hearing on the day of , 2016, at
o'clock .M., in the Historic Federal Building, 350 West 6th Street, Dubuque, Iowa, at
which meeting the Council proposes to take additional action for the reallocation of
certain unspent proceeds of the General Obligation Bonds, Series 2012H, of the City of
Dubuque, Iowa (together, the "Bonds"), in the aggregate amount of not to exceed
$500,000, in order to provide funds for the purpose of funding acquisition of the Colts
Drum & Bugle Corps building at 1101 Central Avenue (Series 2012H Bonds). Any
person interested may appear at the public hearing, either orally or in writing, and be
heard as to the reallocation of said proceeds of the Bonds for the above purposes.
This Notice is given by order of the Council of Dubuque, Iowa, as provided by
Sections 364.6 and 384.25 of the Code of Iowa, as amended.
Dated this day of , 2016.
City Clerk of Dubuque, Iowa
(End of Notice)
PASSED AND APPROVED this 6th day of June, 2016.
ATTEST:
STATE OF IOWA
COUNTY OF DUBUQUE
CERTIFICATE
) SS
I, the undersigned City Clerk of Dubuque,. Iowa, do hereby certify that attached is
a true and complete copy of the portion of the corporate records of said Municipality
showing proceedings of the Council, and the same is a true and complete copy of the
action taken by said Council with respect to said matter at the meeting held on the date
indicated in the attachment, which proceedings remain in full force and effect, and have
not been amended or rescinded in any way; that meeting and all action thereat was duly
and publicly held in accordance with a notice of meeting and tentative agenda, a copy of
which was timely served on each member of the Council and posted on a bulletin board
or other prominent place easily accessible to the public and clearly designated for that
purpose at the principal office of the Council (a copy of the face sheet of said agenda
being attached hereto) pursuant to the local rules of the Council and the provisions of
Chapter 21, Code of Iowa, upon reasonable advance notice to the public and media at
least twenty-four hours prior to the commencement of the meeting as required by said
law and with members of the public present in attendance; I further certify that the
individuals named therein were on the date thereof duly and lawfully possessed of their
respective city offices as indicated therein, that no Council vacancy existed except as may
be stated in said proceedings, and that no controversy or litigation is pending, prayed or
threatened involving the incorporation, organization, existence or boundaries of the City
or the right of the individuals named therein as officers to their respective positions.
WITNESS my hand and the seal of said Municipality hereto affixed this
day of ,,,,... , 2016.
City Clerk, Dubuque,a
SEAL
687243.1 \10422.000
ROLL CALL ORDER FOR MEETING OF
June 6, 2016
Rios, Buol, Resnick, Connors, Del Toro, Jones, Lynch
CITY OF DUBUQUE, IOWA
CITY COUNCIL MEETING
Historic Federal Building
350 W. 6th Street
June 6, 2016
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 85.2.
REGULAR SESSION
6:30 PM
PLEDGE OF ALLEGIANCE
PRESENTATION(S)
1. Mission: Lifeline Award
Heather Maier, Director of Mission: Lifeline for Iowa, to present the Mission: Lifeline Silver Award
to the Dubuque Fire Department
2. Main Street Iowa 30th -Year Best Innovation Award
Dubuque Main Street Executive Director Dan LoBianco to present the Main Street Iowa 30th Year
Best Innovation Award for the Caradco Building and Historic Millwork Complete Streets Project
Public/Private Partnership.
PROCLAMATION(S)
1. Juneteenth Celebration Day (June 18, 2016)
2. Healthy Homes Month (June 2016)
3. LGBTQ+ Pride Month (June 2016)
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
Airport Commission of 1/25, 2/22, 4/25; Arts and Cultural Affairs Advisory Commission of 1/26, 2/23 and
3/22; Cable TV Commission of 4/6, 5/18; City Council Proceedings of 5/16, 5/9, 5/23; Community
Development Advisory Commission of 1/20, 3/16, 4/20, 5/18; Housing Commission of 4/26; Human Rights
Commission of 4/11, 4/18; Sister City Relationships Advisory Commission of 5/18; Proof of Publication for
City Council Proceedings of 5/2, 5/9
Pg. 1
CITY OF DUBUQUE, IOWA
OFFICIAL NOTICE
NOTICE OF MEETING OF THE CITY COUNCIL OF THE CITY OF
DUBUQUE, IOWA, ON THE MATTER OF THE PROPOSED REALLOCATION
OF CERTAIN UNSPENT PROCEEDS OF THE GENERAL OBLIGATION
BONDS, SERIES 2012H, OF THE CITY OF DUBUQUE, IOWA, AND THE
PUBLIC HEARING THEREON
PUBLIC NOTICE is hereby given that the Council of the City of Dubuque, Iowa, will
hold a public hearing on the 20th day of June, 2016, at 6:30 o'clock P.M., in the Historic
Federal Building, 350 West 6th Street, Dubuque, Iowa, at which meeting the Council
proposes to take additional action for the reallocation of certain unspent proceeds of the
General Obligation Bonds, Series 2012H, of the City of Dubuque, Iowa (together, the
"Bonds"), in the aggregate amount of not to exceed $500,000, in order to provide funds
for the purpose of funding acquisition of the Colts Drum & Bugle Corps building at 1101
Central Avenue (Series 20121-1 Bonds). Any person interested may appear at the public
hearing, either orally or in writing, and be heard as to the reallocation of said proceeds of
the Bonds for the above purposes.
This Notice is given by order of the Council of Dubuque, Iowa, as provided by Sections
364.6 and 384.25 of the Code of Iowa, as amended.
Dated this 10th day of June, 2016.
Kevin S. Fimstahl, City Clerk of Dubuque, Iowa
It 6/10