Reallocation of Bond Proceeds - Series 2012H (Hearing) Copyright 2014
City of Dubuque Public Hearings # 2.
ITEM TITLE: Reallocation of Bond Proceeds - Series 2012H
SUMMARY: Proof of publication on notice of public hearing to take
additional action and approving the reallocation of certain
unspent proceeds of the General Obligation Bond Series
2012H from the renovation of the second floor of the
Multicultural Family Center to fund the construction of the
Jule Operations and Training Center and the City Manager
recommending approval.
RESOLUTION Instituting proceedings to take additional
action and approving the reallocation of certain unspent
proceeds of the General Obligation Bonds, Series 2012H,
of the City of Dubuque, Iowa
SUGGESTED DISPOSITION: Suggested Disposition: Receive and File; Adopt
Resolution(s)
ATTACHMENTS:
Description Type
MVM Memo City Manager Memo
Staff Memo Staff Memo
Resolution Resolutions
THE CITY OF Dubuque
UBE I
erica .i
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: November 29, 2016
Budget Director Jennifer Larson recommends reallocation of not to exceed $820,500 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 construction of the
Jule Operations and Training Center. The Multicultural Family Center project will be
rebudgeted in a future budget year.
I concur with the recommendation and respectfully request Mayor and City Council
approval.
�r
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
Marie Ware, Leisure Services Manager
Kelly Larson, Human Rights Director
buque
DtUB
OF Du
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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: November 29, 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
Jule Operations and Training Center project is completed, a balance remains. These
proceedings are required to reallocate the balance of the bonds not to exceed $820,500
of the unused bond funds from the renovation of the second floor of the Multicultural
Family Center ($820,500 as of November 14, 2016) to fund the construction of the Jule
Operations and Training Center, as permitted by Iowa Code. The City will rebudget
for the Multicultural Family Center project in a future budget year.
RECOMMENDATION
I respectfully recommend the adoption of the enclosed resolution to reallocate unspent
bond proceeds of the General Obligation Series 2012H to fund the construction of the
Jule Operations and Training Center.
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 Dubuque, Iowa.
Date of Meeting: December 5, 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:
General Obligation Bonds, Series 2012H
X Public hearing on the proposed reallocation of unspent proceeds.
X 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 said governmental body.
City lerk, Dubuqu .wa
December 5, 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 Roy D. Buol in the chair, and the following named Council
Members:
Joyce Connors, Ric Jones, Kevin Lynch, David Resnick, Jake Rios
Absent: Luis Del Toro
The Mayor announced that this was the time and place for the public hearing and
meeting on the matter of the proposed reallocation of not to exceed $820,500 of the
unspent proceeds on the General Obligation Bonds, Series 2012H in order to provide
funds to pay costs of funding the construction of the Jule Operations and Training Center
(from the Series 2012 Bonds), and that notice of the proposed action by the Council to
institute proceedings for the proposed reallocation had been published pursuant to the
provisions of Sections 364.6 and 384.25 of the City Code of Iowa.
The Mayor then asked the Clerk whether any written objections had been filed by
any City resident or property owner to the proposed reallocation. The Clerk advised the
Mayor and the Council that -0- written objections had been filed. The Mayor then called
for oral objections to the proposed reallocation and -0- 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 Council then considered the proposed action and the extent of objections
thereto.
Whereupon, Council Member Jones introduced and delivered to the Clerk the Resolution
hereinafter set out entitled "RESOLUTION INSTITUTING PROCEEDINGS TO TAKE
ADDITIONAL ACTION AND APPROVING THE REALLOCATION OF CERTAIN
UNSPENT PROCEEDS OF THE GENERAL OBLIGATION BONDS, SERIES 2012H
OF THE CITY OF DUBUQUE, IOWA", and moved:
was,
that the Resolution be adopted.
to ADJOURN and defer action on the Resolution and the proposal to institute
proceedings for the proposed reallocation to the meeting to be held at
o'clock _.M. on the day of , 2016, at this
place.
Council Member Connors seconded the motion. The roll was called and the vote
AYES: Rios, Jones, Lynch, Resnick, Connors, Buol
NAYS:
Whereupon, the Mayor declared the measure duly adopted.
RESOLUTION NO. 412-16
RESOLUTION INSTITUTING PROCEEDINGS TO TAKE
ADDITIONAL ACTION AND APPROVING THE REALLOCATION
OF CERTAIN UNSPENT PROCEEDS OF THE GENERAL
OBLIGATION BONDS, SERIES 2012H, OF THE CITY OF
DUBUQUE, IOWA
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
reallocation of certain unspent proceeds, in the amount of not to exceed $820,500 (the
"Unspent Proceeds") of the General Obligation Bonds, Series 2012H, of the City of
Dubuque, Iowa, in order to provide funds to pay costs of funding the construction of the
Jule Operations and Training Center (from the Series 2012 Bonds), 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 reallocation of the Unspent Proceeds of the General Obligation
Bonds, Series 2012H, for the foregoing purpose, and the reallocation of the Unspent
Proceeds to pay costs of funding the construction of the Jule Operations and Training
Center (from the Series 2012 Bonds), is in all respects authorized and approved.
Section 2. The Finance Director is authorized and directed to take such action as
may be necessary to effect and implement the foregoing reallocation of the Unspent
Proceeds to pay costs of funding the construction of the Jule Operations and Training
Center (from the Series 2012 Bonds), and to cause the records and accounts of the City to
reflect the same.
PASSED AND APPROVED this 5th day of Dec ber, 2016.
Mayor
ATTEST:
CIG-3
CERTIFICATE
STATE OF IOWA )
) SS
COUNTY OF DUBUQUE )
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 12016.
City Clerk, Dubuque, Iowa
SEAL
687389.1\10422.000
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: November 25, 2016, and for which the charge is $25.90.
Subscribed to before me, a Notary Public in and for Dubuque County, Iowa,
this 90
day of , Li J , 20 26_.
CITY OF DUBUQUE,.
IOWA
NOTICE AND CALL OF
PUBLIC MEETING
NOTICE OF MEETING
OF THE CITY COUN-
CIL OF THE CITY OF
DUBUQUE, IOWA, ON
THE MATTER OF THE
PROPOSED REALLO-
I CATION OF CERTTAIN.
UNSPENT PROCEEDS
OF THE GENERAL OB-
LIGATION BONDS,
SERIES 2012H, OF THE
CITY OF DUBUQUE,
IOWA, AND THE PUB-
LIC HEARING THERE-
ON
PUBLIC NOTICE is
hereby given that the
Council of the City of
Dubuque, >Iowa, will
; hold a public hearing II
on. the 5th day of De-
cember,
2016, at 6:00
o'clock PM, in the His-
toric Federal Building,
350 West 6th Street,
Dubuque, Iowa, at
which meeting ; the
Council proposes to
take additional action
for the reallocation of
certain 'unspent pro-
ceeds of the General
Obligation Bonds, Ser-
ies 2012H, of the City of
Dubuque, Iowa (to-
gether, the "Bonds"),
in the aggregate
amount ofnot to ex-
ceed $820,500, in order
to provide funds for
the purpose of funding
tary Public in and for Dubuque County, Iowa.
construction of the Jule I
Operations and Train-"
ing. Center (Series,
2012H Bonds). Any per -
,,art II
sinterested may ap-
pear ,I
at the public hear- 1
ing,' either orally or in II
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 pro-
vided by Sections 364.6
and 384.25 of the Code
of Iowa, as amended.
Copies of supporting;;]
documents for the pub-
lic hearings are on file
in the City Clerk's Of- !
five, City ,Hall„ 50 W.
11
13th Street, .Dubuque,'I
and may be viewed
during regular working
hours.
Any visual or hearing
impaired persons
needing special assis-
tance or persons with
special accessibility
needs should contact
the City Clerk's Office
at (563) 589-4100 or
TTY (563) 690-6678 at
least 48 hours prior to
the meeting.
Dated this 25th day of
November, 2016.
Kevin S. Firnstahl,
City Clerk of Dubuque,
it 11/25 Iowa
E':GiU'3""w utt'' 1.r4
Commission Numb
Comm.
:
, 2017