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HomeMy WebLinkAboutRESOLUTION NO. RESOLUTION NO. 2020-79 Fairfax419915-3 1/SetHrng 2020GOAnnlAppro LA SET DATE FOR HEARING ON 2020 GENERAL OBLIGATION ANNUAL APPROPRIATION URBAN RENEWAL AND REFUNDING LOAN AGREEMENT 419915-31 Fairfax, Iowa September 8, 2020 The City Council of the City of Fairfax, Iowa, met on September 8, 2020, at 6:00 p.m., at the City Hall. The Mayor presided and the roll was called showing the following members of the City Council present and absent: Present: Travis Otto Mike Daly Kate Pacha, Nick Volk, and Marianne Wainwright Absent: None. Council Member Daly introduced the resolution hereinafter next set out, related to setting a date for a hearing on a general obligation annual appropriation urban renewal loan agreement in a principal amount not to exceed $8,330,000, for the purpose of financing certain infrastructure improvements in the Fairfax Urban Renewal Area and refunding the outstanding balance of the City's General Obligation Corporate Purpose and Refunding Bonds, Series 2013, and moved its adoption, seconded by Council Member Pacha; and after due consideration thereof by the City Council, the Mayor put the question upon the adoption of the said resolution and the roll being called, the following named Council Members voted: Ayes: Otto Daly Pacha, Volk, and Wainwright Nays: None. The Mayor declared the resolution duly adopted as hereinafter set out. • . • • At the conclusion of the meeting, and upon motion and vote, the City Council adjourned. Burnell G. Frieden, Mayor Attest: ,'nthia K. Stimson, City Clerk/Treasurer � r a —I— � s � DORSEY& WHITNEY LLP,ATTORNEYS,DES MOINES,IOWA a '�� Fairfax419915-31/SetHrng 2020GOAnnlAppro LA RESOLUTION NO. 2020-79 Resolution to fix a date for public hearing on a general obligation annual appropriation urban renewal and refunding loan agreement in a principal amount not to exceed $8,330,000 WHEREAS, the City of Fairfax (the "City"), in Linn County, State of Iowa, proposes to enter into a general obligation annual appropriation urban renewal loan agreement (the "Loan Agreement") in a principal amount not to exceed $8,330,000, pursuant to the provisions of Section 384.24A of the Code of Iowa, for the purposes of paying the cost, to that extent, of undertaking certain essential corporate purpose projects in the Fairfax Urban Renewal Area consisting of the construction of street and highway improvements and repairs, including related drainage; bridge replacement; sanitary sewer and water main extensions; city park improvements; installation of street lighting; repair, cleanup and replacement of property, buildings and public facilities that were damaged by a disaster, and reimbursement of City funds already expended for this activity; and refunding the outstanding balance of the City's General Obligation Corporate Purpose and Refunding Bonds, Series 2013, and it is necessary to fix a date of meeting of the City Council at which a public hearing will be held on the proposal to enter into the Loan Agreement and to give notice thereof as required by such law; NOW, THEREFORE, It Is Resolved by the City Council of the City of Fairfax, Iowa, as follows: Section 1. The City Council shall meet on September 22, 2020, at the City Hall, Fairfax, Iowa, at 6:00 p.m., at which time and place a hearing will be held on the proposal to enter into the Loan Agreement. Section 2. The City Clerk is hereby directed to give notice of the proposed hearing on the Loan Agreement setting forth the amount and purpose thereof,the time when and place where the hearing will be held by publication at least once and not less than 4 nor more than 20 days before the meeting, in a legal newspaper which has a general circulation in the City. The notice shall be in substantially the following form: -2- DORSEY& WHITNEY LLP,ATTORNEYS, DES MOINES, IOWA Fairfax419915-31/SetHrng 2020GOAnnlAppro LA NOTICE OF PUBLIC HEARING ON LOAN AGREEMENT IN A PRINCIPAL AMOUNT NOT TO EXCEED $8,330,000 (GENERAL OBLIGATION ANNUAL APPROPRIATION URBAN RENEWAL AND REFUNDING) The City Council of the City of Fairfax, Iowa, will meet on September 22,2020, at the City Hall, Fairfax, Iowa, at 6:00 o'clock p.m., for the purpose of holding a public hearing on a loan agreement(the"Loan Agreement")in a principal amount not to exceed$8,330,000 for the purpose of paying the cost,to that extent, of undertaking certain essential corporate purpose projects in the Fairfax Urban Renewal Area consisting of the construction of street and highway improvements and repairs, including related drainage; bridge replacement; sanitary sewer and water main extensions; city park improvements; installation of street lighting;repair,cleanup and replacement of property, buildings and public facilities that were damaged by a disaster, and reimbursement of City funds already expended for this activity; and refunding the outstanding balance of the City's General Obligation Corporate Purpose and Refunding Bonds, Series 2013. The Loan Agreement is proposed to be entered into pursuant to authority contained in Section 384.24A of the Code of Iowa and will constitute a general obligation of the City. The repayment of principal and interest under the Loan Agreement may be made subject to annual appropriation by the City Council. At that time and place, oral or written objections may be filed or made to the proposal to enter into the Loan Agreement. After receiving objections, the City may determine to enter into the Loan Agreement, in which case,the decision will be final unless appealed to the District Court within fifteen (15) days thereafter. By order of the City Council of the City of Fairfax, Iowa. Cynthia Stimson City Clerk/Treasurer -3- DORSEY& WHITNEY LLP,ATTORNEYS,DES MOINES,IOWA Fairfax419915-31/SetHrng 2020GOAnnlAppro LA Section 3. All resolutions or parts of resolutions in conflict herewith are hereby repealed to the extent of such conflict. Passed and approved September 8, 2020. Burnell G. Frieden, Mayor Attest: . d,Y g,r C thia K. Stimson, City Clerk/Treasurer 4 , r tx n -4- DORSEY& WHITNEY LLP,ATTORNEYS,DES MOINES,IOWA Fairfax419915-31/SetHrng 2020GOAnnlAppro LA STATE OF IOWA COUNTY OF LINN SS: CITY OF FAIRFAX I,the undersigned, City Clerk of the City of Fairfax, do hereby certify that attached hereto is a true and correct copy of the proceedings of the City Council relating to fixing a date for hearing on the City Council's proposal to enter into a loan agreement, as referred to therein. WITNESS MY HAND this 9th day of September, 2020. �z jx�-Ot Cy thia K. Stimson, City Clerk/Treasurer -5- DORSEY& WHITNEY LLP,ATTORNEYS, DES MOINES, IOWA Faiffax419915-3 I/Sed-Irng 2020GOAnnlAppro LA STATE OF IOWA COUNTY OF LINN SS: CITY OF FAIRFAX 1, the undersigned, City Clerk of the City of Fairfax, do hereby certify that pursuant to the resolution of the City Council fixing a date of meeting at which it is proposed to hold a public hearing on a loan agreement, the notice, of which the printed slip attached to the publisher's affidavit hereto attached is a true and complete copy, was published on the date and in the newspaper specified in such affidavit, which newspaper has a general circulation in the City. WITNESS MY HAND this-L7 day of 2020. (Y Clerk (Attach here the publisher's original affidavit with clipping of the notice, as published, and email or fax a copy of the published notice to our office at (515) 283-1060, as soon as it appears in the newspaper.) -6- DORSI-I'Y & WHITNEY LLP, ATTORNEYS, DES MOINES, IOWA �l 1, N_-- ______ _ 'a to .N v av `n f1Z o� o'Nof o'D 3mon aQ3 mo O W O A a Cn ':O w ar'ro x oCo o �, ,oC N 0C v, R� �.3a QQ� via 50 '0;U ' NAS o cmC 'Wa 4, n' { Z[tt n. x oQm�v c<N o.� 06 �N cDa �_ �_� r 9i�' co{o o.o.,{ n'V°'.'p•.(07 u'3 o:� C �H'� ovopwE n�aav o-v��`.3<m3'•' �,�mno- 0paa3� �- CL C. o Q' <<.oro 3o Zyio_ro Oi. 3m XJipro 3y, "`�.�.ro C ..�(}� mpan3nE a,omm �<. o �^3 moo; c�<= OJ _ m z v of m fti; n c i v rom mE(°O,<s �Zw« Et at me Z� >E>Z-q;. mo jF- A �.<�no 330<� �3m a0-a-��ca 3 ,I�T� ° vo m I O n Za �va p o< = 3 R fro. q D o Tv} <3< m3QQ^ a<c� �3c_ U 9� LA IU �pw'D"a trz of�, a<. a m • e'n -c -e o z� ua� z 'c o ,y ? 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A digital copy is provided for the notice that was published in THE GAZETTE in the issue(s)of 9/15/2020 The reasonable fee for publishing said notice is $42.43 By STATE OF IOWA, } SS: Counties of Linn and Johnson This instrument was acknowledged by Zack Kucharski before me this 15th day of September,2020 Mary PI.Iblic in and for the State of I0-111 I SRkR,0N KEYS Cornrnissinn No.794598 " IQ4dl+# try(� �, z Ftuary its, �^2 III i 11 11 it ii {I, i ii II 1' I'. 1'air('ax419915-29/2020AmdmtUR Plan/TIFord STATE OF IOWA SS: COUNTY OF LINN I, the undersigned, County Auditor of Linn County, in the State of Iowa, do hereby certify that on the day of September, 2020, the City Cleric of the City of Fairfax, Iowa, filed in my office a copy of an ordinance of the City shown to have been adopted by the Council and approved by the Mayor thereof on September 8, 2020, entitled: "Ordinance No. 47. An Ordinance Providing for the Division of Taxes Levied on Taxable Property in the 2020 Amendment to the Fairfax Urban Renewal Area, Pursuant to Section 403.19 of the Code of Iowa," and that I have duly placed a copy of the ordinance on file in my records. WITNESS MY HAND this .10�"day of , 2020. 4(7 �`"� ,OUIlty AtId1tOI'