HomeMy WebLinkAboutRESOLUTION NO. 03-01-14-4 -.....--.-.. .
Fairfax/419915-6/1 st%GO LAs
OP
MINUTES TO SET DATE FOR
HEARINGS ON LOAN AGREEMENTS
419915-G
Fairfax, Iowa
January 14, 2003
The City Council of the City of Fairfax, Iowa, met on January 14, 2003, at
o'clock V m., at the , in the City. The Mayor presided and the roll was
called sllowing the followin mernbers of the Council present and absent:
Present: IE' •;. Olt, rM lyfm afuit6rin&
Absent: Now,
Council Member fok introducedfyhe resolution hereinafter next set
out and moved its adoptioilsecondedjoy Council Member, e ; and after
due consideration thereof by the 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: ErI C '
Nays: .
Whereupon, the Mayor declared the resolution duly adopted as follows:
-i-
DORSEY&WHITNEY LLP,ATTORNEYS,DES MOINES,IOWA
Fairfax/419915-6/1 st%GO LAs
RESOLUTION NO,
To fix a date for public hearings on loan agreements
WHEREAS, pursuant to the provisions of Section 384.24A of the Code of Iowa, the City
of Fairfax, in the County of Linn, State of Iowa (the "City`% proposes to enter into a loan
agreement (the "Essential Corporate Purpose Loan Agreement') in the principal amount of
$390,000 for the essential corporate purposes of acquiring equipment for the fire department and
refunding an outstanding General Obligation Fire Truck Note previously issued by the City, and
it is necessary to fix a date of meeting of the Council at which it is proposed to take action to
enter into the Essential Corporate Purpose Loan Agreement and to give notice thereof as required
by such law; and
WHEREAS, pursuant to the provisions of Section 384.24A of the Code of Iowa, the City
also proposes to enter into a loan agreement (the "General Corporate Purpose Loan Agreement")
in the principal amount of$110,000 for the general corporate purposes of making repairs to the
library and city hall, and in lieu of calling an election therefor, the City desires to institute
proceedings to enter into the General Corporate Purpose Loan Agreement by causing a notice of
such proposal to be published, including notice of the right to petition for an election, under the
provisions of Section 384.26 of the Code of Iowa;
NOW, THEREFORE, Be:It Resolved by the City Council of the City of Fairfax, Iowa, as
follows:
S etion 1. This Council s all meet on February 11, 2003, at the
in the City, at o'clock . .m., at which time and place hearings
will be held and proceedings will be instituted and 'action taken to enter into the Essential
Corporate Purpose Loan Agreement and the General Corporate Purpose Loan Agreement.
Section 2. The City Clerk is hereby directed to give notice of the proposed action on
the Essential Corporate Purpose Loan Agreement setting forth the amount and purpose thereof,
the time when and place where the said meeting 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 fallowing form:
-2-
DORSEY&WHITNEY LLP,ATTORNEYS,DES'MOINES,IOWA
Fairfax/419915-6/1st''/z GO I:As
NOTICE OF PROPOSED ACTION TO INSTITUTE PROCEEDINGS TO ENTER INTO
A LOAN AGREEMENT AND BORROW MONEY IN THE PRINCIPAL AMOUNT OF
$390,000
(GENERAL OBLIGATION)
a The ity Council of the City of Fairfax, Iowa, will meet on February 11, 2003, at the
a`4,u I f , in the City, at '" o'clock .rn., for the purpose of instituting
proceedi gs and taking action to enter into a loan agreement (the "Essential Corporate Purpose
Loan Agreement") and borrow money in the principal amount of$390,000 for the purposes of
acquiring equipment for the fire department, and refunding an outstanding General Obligation
Fire Truck Note previously issued by the City.
The Essential Corporate Purpose 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.
At the aforementioned time and place, oral or written objections may be filed or made to
the proposal to enter into the Essential Corporate Purpose Loan Agreement. After receiving
objections, the City may determine to enter into the Essential Corporate Purpose 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.
Mary Pacha
City Clerk
-3-
DORSEY&WHITNEY LLP,ATTORNEYS,DES MOINES,IOWA
Fairfax/419915-6/1st V.GO LAs
Section 3. The City Clerk is hereby directed to give notice of the proposed action on
the General Corporate Purpose Loan Agreement setting forth the amount and purpose thereof,
the time when and place where the said meeting will be held by publication at least once and not
less than 10 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 fallowing form:
-a-
DORSEY&WHITNEY LLP,ATTORNEYS,DES MOINES,IOWA
Fairfax/419915-6/1 st''/:Go LAs
NOTICE OF PROPOSED ACTION TO INSTITUTE PROCEEDINGS TO ENTER INTO
A LOAN AGREEMENT AND BORROW MONEY IN THE PRINCIPAL AMOUNT OF
$110,000
(GENERAL OBLIGATION)
The City Council of the City of Fairfax, Iowa, will meet on February 11, 2003, at the
C i 4V 4�,u , in the City, at `/ o'clockm.y for the purpose of instituting
proceedings and taking action to enter into a loan agree rent the "General Corporate Purpose
Loan Agreement") and borrow money in the principal amount of $1.10,000 for the purpose of
making repairs to the library and city hall.
The General Corporate Purpose Loan Agreement is proposed to be entered into pursuant
tcw authority contained in Section 384.24A of the Code of Iowa and will constitute a general
obligation of the City.
The maximum rate of interest which may be payable under the General Corporate
Purpose Loan Agreement is 7 per annum.
At any time before the aforementioned date fixed for taking action to enter into the
General Corporate Purpose Loan Agreement, a petition may be tiled with the City Clerk of the
City asking that the question of entering into the General Corporate Purpose Loan Agreement be
submitted to the registered voters of the City, pursuant to the provisions of Section 384.26 of the
Code of Iowa.
By order of the City Council of the City of Fairfax, Iowa.
Mary Pacha
City Clerk
DORSEY&WHITNEY LLP,ATTORNEYS,DES MOINES,IOWA
Fairfax/419915-6/1 st%.GO LAs
Section 4. All resolutions or parts of resolutions in conflict herewith are hereby
repealed to the extent of such conflict.
Passed and approved January 14, 2003.
Mayor
Attest:
-�MA 1/1, 4 a(o
ity berk
-6-
DORSEY&WHITNEY LLP,ATTORNEYS,DES MOINES,IOWA
F'airfax/419915-6/1st'/z GO L.As
On motion and vote,the meeting adjourned.
Mayor
Attest:
City lerk
-7-
DORSEY&WHITNEY LLP,ATTORNEYS,DES MOINES,IOWA
Fairfax/41 9915-6/1 st%Go LAs
STATE OF IOWA
COUNTY OF LINN SS.
CITY OF FAIRFAX
I, the undersigned, City Clerk of the aforementioned City, do hereby certify that attached
hereto is a true and correct copy of the proceedings of the Council relating to fixing a date for
hearing on the Council's proposal to take action in connection With certain loan agreements, as
referred to therein.
WITNESS MY HAND and the seal of the City hereto affixed this day of
2003.
City Clerk)
('Seal)
-s-
DORSEY&WHITNEY LLP,ATTORNEYS,DES MOINES,IOWA
CITY OF FAIRFAX
REGULAR COUNCIL MEETING
"TUESDAY,JANUARY 14,2003
Mayor Voss called the meeting to order at 7:00 PM Council members present:Beer,Frieden,Scott&Ekstrom Absent:
Wainwright Also present:Ron Dusil,Nancy Flickinger Dick Ransom Motion Ekstrom 2nd Beer approval of Agenda
Clerk's Financial Report Aaye 4 MC Motion Frieden 2"d Scott approval Dec 10, 18&28,2002 Council Meeting Mins
Aye 4 MC Motion Beer 2" Ekstrom appointment of Bryan Balog—Board of Adjustments Aye 4 MC Motion Frieden
2nd Scott approval of Star Bar&Grill liquor license Aye 4 MC Sgt Johnson Linn Co Sheriff presented the list of calls
Councilor Wainwright arrived at 7:03 P'M Todd Whitters discussed utilizing the undeveloped lots along Commercial
CT behind the car wash He presented the Council a drawing of a 24 unit building The property would need to be
rezoned to RM Council gave permission to build on Lot#105 Fairfax Heights 2 Addition Councilor Ekstrom led
discussion on the trails cost of application His concern is about land availability&is not in favor in condemning
property Discussion on grant availability The Land&Water Conservation Fund would be a possibility The Vision IA
Fund would be a possibility towards the end of the project Mayor Voss mentioned where is the trail going to run&to
make sure that we have the permission of the landowners Councilor Beer will take this information to the Trails
Committee Discussion on pedestrian(bridge Tim McAdam discussed(if the land would be acquirable) a possible use
for the property on the corner of 80th ST&E Cemetery RD with partial funding from the Land&Water Conservation
Fund More information is needed Councilor Ekstrom discussed parking regulations Motion Ekstrom 2"d Frieden
approve RESOLUTION 03-01-14-1I adjustment of current City Budget Roll C1all.Vote Aye 5 MC Councilor Frieden
discussed amending a few sections of the current payroll resolution Motion Frieden 2"d Scott approve RESOLUTION
03-01-14-2 amending current payroll resolution Roll Call Vote Aye 5 MC Discussion on current Linn Co Sheriff
Contract Motion Scott 2"d Ekstrom approve RESOLUTION 03-01-14-3 Linn Co Sheriff Contract for FY 2003/2004
Roll Call Vote Aye 5 MC Motion Wainwright 2"d Beer approve RESOLUTION 03-01-14-4 setting Tues Feb 11,2003
for a Public Hearing for a note not to exceed$110,000 for Library repairs&City(Hall roof&setting Tues Feb 11,2003
for a Public Hearing for a note not to exceed$390,000 for the purchase of two(2)fire trucks Roll Call Vote Aye 5 MC
Tues Jan 28,2003 at 6:00 PM a date set for a work session on FY 2003/2004 Budget No closed session was held
Motion Beer 2"d Frieden approve claims presented for payment Aye 5 MC No library report given Mary gave the fire
dept report The new fire trucks will be here around July 5,2003 Ron gave maintenance report Discussion on various
topics water main breaks,Starwest Cable,progress on filtration building&Citywide Waste Day Discussion on library
building&health insurance Motion Wainwright 2"d Scott to adjourn meeting 8:33 PM Aye 5 MC Bill Voss,Mayor
Mary Pacha,City Clerk
Fairfhx/419915-6/1st''/.GO LAs
STATE OF IOWA
COUNTY OF LINN SS:
CITY OF FAIRFAX
I, the undersigned City Clerk, do hereby certify that the aforementioned City is organized
and operating under the provisions of Title IX of the Code of Iowa and not under any special
charter and that such City is operating under the Mayor-Council form of government and that
there is not pending or threatened any question or litigation whatsoever touching the
incorporation of the City, the inclusion of any territory within its limits or the incumbency in
office of any of the officials hereinafter named.
And I do further certify that the following named parties are officials of the City as
indicated:
dyLas Mayor
I Clerk/Treasurer
.� Council Member
Council Member
OWU Council Member
1- To i e, & P. .,..._. Council Member
0 8Council Member
WITNESS MY HAND and the seal of the City hereto affixed this �day of
2003.
L
City Clerk
(Seal)
-9-
DORSEY&WTIITNEY LLP,ATTORNEYS,DES MOViES,IOWA
Fairfax/419915-6/1 st%GO LAs
STATE OF IOWA
COUNTY OF LINN SS:
CITY OF FAIRFAX
I, the undersigned, Clerk of the aforementioned City, do hereby certify that the City
currently has outstanding the following General Obligation indebtedness, of every kind and
nature (excluding the current issue), and urban renewal tax increment revenue obligations:
SCHEDULE A (BOND/LOAN AGREEMENT DOTE DEBT)
(not including fire truck note which is being refunded)
$1,185,000 General Obligation Corporate Purpose Notes, ,Series 2001
Dated June 1, 2001
Principal Interest Rate Principal Interest Rate
Year Amount Per Annum Year Amount Per Annum
2003 $60,000 4.60% 2010 $ 85,000 4.70%
2004 $65,000 4.60% 2011 $ 90,000 4.80%
2005 $70,000 4.60% 2012 $ 95,000 4.90%
2006 $75,000 4.60% 2013 $ 95,000 5%
2007 $75,000 4.60% 2014 $100,000 5.10%
2008 $80,000 4.60% 2015 $105,000 5.15%
2009 $80,000 4.60% 2016 $110,000 5.25%
$450,000 General Obligation Water Notes
Dated October 1, 2001
Principal Interest Rate Principal Interest Rate
Year Amount Per Annum Year Amount Per Annum
2003 $25,000 3.00% 2010 $30,000 4.30%
2004 $25,000 3.2.5% 2011 $35,000 4.40%
2005 $25,000 3.40% 2012 $35,000 4.55%
2006 $25,000 3.70% 2013 $35,000 4.70%
2007 $30,000 3.90% 2014 $40,000 4.80%
2008 $30,000 4.00% 2015 $40,000 4.90%
2009 $30,000 4.20% 2016 $45,000 5.00%
-10-
DORSEY&WHITNEY LLP,ATTORNEYS,DES MOINES,IOWA
Fair'ax/A19915-6/lst'/�GO LAs
SCHEDULE B (OTHER GENERAL OBLIGATIONS)
IGATIONS)
Type of General Obligation Amount
(Here list any other obligations of the City which extend beyond the end of
the current fiscal year, such as long-term leases, installment sales contracts,
etc. If there are none, please insert the word "none". If you believe the City
has any debt of this nature,telephone us before completing this section.)
SCHEDULE C (URBAN RENEWAL TAX INCREMENT'REVENUE OBLIGATIONS)
Principal Amount
Date Name of Issue _ Outstanding
(Please list here or attach a separate maturity schedule for any outstanding
urban renewal tax increment revenue obligations.)
WITNESS MY HAND and the seal of the City hereto affixed this day of
2003.
City C rk
(Seal)
DORSEY&WHITNEY LLP,ATTORNEYS,DES MOINES,IOWA
Debt Service Schedule
Fairfax
i e ised.' 7117102 GO Fire Truck Note
Fiscal Coupon Principal Coupon Interest Periodic Fiscal Outstanding
'bear Date Pa Ment Rate Aa men Debt Service Debt Service' Debt
2!Oi01
1211100 $4,447.92 $4,447.92 $125,000,00
6/1101 $30,000.00 5.250% $3,281.25 $33,281.25 $37,729.17 $95,000.00
2002 12/1101 $2,493.75 $2,493.75 $95,000.00
611/02 $30,000.00 5.250% $2,493.75 $32,493.75 $65,000,00
6128102 $3,680.34 5.250% $3,680.34 $61,319.66
7/5/02 $596.22 5,2500 $596.22 $39,264.06 $60,723.44
2003 1211102 $1,611.10 $1,611.10 $60,723.44
6!1103 $30,000.00 5.250% $1,593.99 $31,593.99 $33,205.09 $30,723.44
2+004 1211/03 $806.49 $806.49 $30,723.44
611104 $30,723.44 5.250% $806.49 $31,529.93 $32,336.42 $0.00
$125,000.00 $17,534.74 $142,534.74 $142,534.74
Prepared by: Laurie Neuhaus
Fairfax State Savings Bank
Revised for 6/28/02 & 7/5/02 additional
principal payments
July 17, 2002
ACCT FAIRFAX01 FAIRFAX GO CRP PRP NT SRS 2001 (BEO) 07/06/01
DEBT SERVICE SCHEDULE PAGE 1 03: 45 PM
REG PRIN BRR PRIN REG INT BRR INT RG CALL PM BR CALL PM PAYDOWNS
---------------------------12/01/2001 Payment ----------------------------
** Total of all Issues for 12/01/2001 Payment**
0.00 266116.25 0.00 0.00
---------------------------06/01./2002 Payment ----------------------------
** Total of all Issues for 06/01/2002 Payment **
0. 00 2861.6.25 0.00 0. 00
----------------------------1 2/01/2002 .Payment ------ ----------------------
** Total of all Issues for 12,/101/2002 Payment **
0. 00 28616.25 0. 010 0. 00
----------06/01/2003 Payment --------
** Total of all Issues for 06,/01/2003 Payment **
60000. 00 28616.25 0.00 0. 00
----------------------------12/01/2003 Payment ----------------------------
** Total of all Issues for 12/01/2003 Payment **
0. 00 27236.25 6. 00 0.00
-------.-----------------------06/01/2004 .Payment ----------------------------
** Total of all Issues. for 06/01/2004 Payment **
65000. 00 27236.25 0. 00 0. 00
------- - 12/01/2004 Payment -----------------------------
*-k Totalof a11 Issues for 12/01/2004 Payment **
0. 00 25741.25 0.00 0. 00
----------------------------06/01/2005 Payment ------------------------------
** Total of all Issues for 06/01/2005 Payment **
70000.00 25741.25 0. 00 0. 00
-----------------------------721/01/2005 Payment -------------------'----------
** Total of all Issues for 12/01/2005 Payment **
0.00 24131.25 0. 00 0. 00
-- --------------------------06/01/2006 Payment _----------------------------
** Total of all Issues for 06/01/2006 Payment **
75000. 00 24131.25 0.00 0. 00
-----------------------------12/01/2066 Payment -----_-_--------------------
** Total of all Issues for 12/01/2006 Payment **
0. 00 22406...25 0. 00 .0. 00
-----------------------------06/01/2007 Payment ----------------------------
** Total of all Issues for 06/01/2007 Payment **
75000. 00 22406.25 0.00, 0.00
----------------------------12/01/2007 Payment ----------------------------
** Total of all Issues for 12/01./2007 Payment **
0. 00 20681.25 0. 00 0.00
----------------------------06/'O1/2008 Payment ------__--------------------
** Total of all Issues for 06,/01/2008 Payment **
800000. 00 20681.25 0.00 0.00
----------------------------12/01/2008 Payment -----------------------------
** Total of all Issues for 12/01/2008 Payment
0.00 18841 25 0.00 0. 00
-----------------------------06/01/2009 Payment ----------------------------
Total
--- -_Total of all Issues for 06/01/2009 Payment **
80000.00 1884.1.25 0. 00 0.00
1 ACCT # FAIRFAX01 FAIRFAX GO CRP PRP NT SRS 2001 (BEO) 07/06/01
DEBT SERVICE SCHEDULE PAGE 2 03: 45 PN
REG PRIN BRR PRTN REG INT BRR TNT RG CALL PM BR CALL PM PAYDOWNS
----------------------------12/01/2009 Payment ----- ----------------------
** Total of all Issues for 12/01/2009 Payment **
0. 00 17001.25 O,OiO 0. 00
----------------------------06/01/2010 Payment ---------_--------_----------
** Total of all Issues for 016/01/2010 Payment **
85000 . 00 17001.25 0.00 0. 00
12/01/2010 Payment ----------------------------
** 'Total of all Issues for 12/01/2010 Payment **
0. 00 15003.75 0.00 0. 00
----------------------------06/01/2011 Payment -----------------------------
** Total of all Issues for 06/011/2011 Payment **
90000. 00 15003.75 0.00 0.00
12/01/2011 Payment -------~---------,------------
** "Total of all Issues for 12/01/2011 Payment **
0 .00 12843.75 0.00 0.00
-----------------------------06/01/2012 Payment -----------------------------
** Total of all Issues for 06/01/2012 Payment **
95000. 00 12843.75 0. 00 0. 00
-------------------------- ,-12/01/2012 Payment -----------------------------M
** 'Total of all Issues for 12/01/2012 Payment **
0.00 1051.6.25 0.00 0 00
----------------------- 06/01/2013 Payment -----------------------------
** 'Total of all Issues for 06/01/2013 Payment **
95000. 00 10516.25 0. 010 0 .00
----------------------------12/01/2013 Payment ----------------------------
** 'Total of all Issues for 12,/01/2013 Payment **
0. 00 8141.25 0.00 0. 00
--------------------------- 106/01/2014 Payment ------------------------------
** 'Total of all Issues for 06/01/2014 Payment **
100000.00 8141.25 0. 00 0.00
----------------------------12/01/2014 Payment ----------------------------
** Total of all Issues for 12/01./2014 Payment **
0. 00 5591 .25 0. 00 0 .00
-----------------06/01/2015 Payment ----------------------------
** 'Total of all Issues for 06/01/2015 Payment **
105000.00 5591.25 0.00 0 . 00
------------12/01/2015 Payment ----------------------------
** Total of all Issues for 12/01/2015 Payment **
0.00 2887.50 0. 00 0 .00
--06/01/2016 Payment -----------------------------
** 'Total of all Issues for 06/01/2016 Payment **
110000.00 2887.50 0,00 0.00
*** TOTALS OF ALL PAYMENTS FOR LOAM ***
1185000. 00 536510.00 Q. OiO 0.00
C schedule. does not include debt service for intraperiod calls >
1 ACCT # FAIRFAXGO01 FAIRFAX GO WTR NT SRS 2001A DTD 10/1/01 10/25/01
DEBT SERVICE SCHEDULE PAGE 1 12: 19 PM
REG PRTN BRR PRIM REG INT BRR INT RG CALL PM BR CALL PM PAYDOWNS
------------------------- --12'/01/2002 Payment -----------------------------
Total
- -- --------------__------
Total of all Issues for 12/01/2002 Payment **
0. 00 22359.19 0. 00 0.00
----------------------------06/01/2003 Payment ----------------------------
** 'Total of all Issues for -06/01/2003 Payment **
25000. 00 9582.50 0,00 0.00
----------------------------12/01/2003 Payment ----------------------------
** Total of all Issues for 12,/01/2003 Payment **
0.00 9207.50 0.00 0.00
----------------------------06/01/2004 Payment ----------_-_---------------
** Total of all Issues for 06/01/2004 Payment **
25000.00 92.07.50 0. 00 0. 00
------------------------------12/01/2004 Payment ----------------------------
** Total of all Issues for 1.2/01/2004 Payment **.
0. 00 88'01.25 0.00 0. 00
----------------------------06/01/2005 Payment ----------------------------
** Total of all Issues for 06/01/2005 Payment **
25000. 00 8801.25 0,00 0.00
---------------------- ----„-12/01/2005 Payment --__---_---------___--------
** 'Total of all Issues for 12,/01/2005 Payment **
0. 00 8376.25 0.00 0.00
-----------------------------06/01/2006 Payment ----------------------------
** Total of all Issues for 06/01/2006 Payment **
.25000.00 8376.25 0.00 0.00
----------------------------12/01/2006 Payment ----------------------------
** Total of all Issues for 12/01/2006 Payment **
--------0-00---------___- 791 0.00 0. 00
13.75
06/01/2007 Payment ----------------------------
** Total of all Issues for 06,/011/2007 Payment **
30000. 00 7913.75 0.00 0.00
----------------------------12/01/2007 Payment ------------_---------------
** Total of all Issues for 12/01/2007 Payment **
0. 00 7328.75 0.00 0.00
--------------------------06/01/2008 Payment ----___---------------------
** Total of all Issues for 06/01:/2008 Payment **
30000.00 7328.75 0.00 0.00
-------------------------- 12/01./2008 Payment ------------------------------
** Total of all Issues for 12/01/2008 Payment **
0.00 6728.75 0.00 0.00 j
----___-_ ----06/01/2009 Payment
** -------------------------------_---
Total of all Issues for 0601/2009 Payment **
,/
30000.00 6728.75 0.00 0. 00
-----------------------------12/01/2009 Payment ------_----------------------
** T'otal of all Issues for 12/01/2009 Payment **
0. 00 6098.75 0..00 0.00
----------------------------106/01/2010 Payment -__---------------_---______
** Total of all Issues for 06,/01/2010 Payment **
30000.00 6098.75 0.00 0.00 F
3
1 ACCT # FAIRFAXG001 FAIRFAX GO WTR NT SRS 2001A DTD 10/1/01 10/25/01
DEBT SERVICE SCHEDULE PAGE 2 12:19 PM
REG PRIN BRR PRIM REG INT ERR INT RG CALL PM BR CALL PM PAYDOWNS'
----------------------------12/01/2010 Payment --------------------------
** Total of all Issues for 12/01/2010 Payment **
0. 00 5453.75 0.00 . 0.010
----------------------------06/01/2011 Payment -------------------------
** Total. of all Issues for 06/01/2011 Payment **
35000.00 5453.75 0. 00 0.00
----------------------------12/01/2011 Payment -----------------------------
Total
- __--_Total of all Issues for 12/01/2011 Payment **
0:00 4603.75 0.100 0.00
----------------------------06/01/2012 Payment --------------=-------------
** Total of all Issues for 06/01/2012 Payment **
35000.00 9.653.75 0.00 0.00
----------------------------12/01/2012 Payment _=--------------------------
** Total of all Issues for 12/01/2012 Payment **
0. 00 3887.50 0.i00 0.00
----------------------------06/01/2013 Payment. ---_------------------------
** 'Total of all Issues for 06/01/2013 Payment **
35000.00 3887.50 0..00 0.00
----------------------------12/01/2013 Payment ------
** Total of all Issues for 1.2/01/2013 Payment **
0.00 3065.00 0.00 0.00
----------------------------016/01/2014 Payment -_--__-----------------------
** Total of all Issues for 06'/01/2014 Payment **
40000. 00 3065.00 0.100 0..010
----------------------------12/01/2014 Payment ----------------------------
'Total of of all Issues for 12/01/2014 Payment **
0.00 2105.00 0..00 0.00
----------------------------06/01/2015 Payment ------_-----------------------
** Total of all Issues for 06/01/2015 Payment **
40000.00 2105.00 0.00 0.00
----------------------------12/01/2015 Payment ----------------------------
** Total of all Issues for 12/01/2015 Payment **
0.00 1125.00 0.00 0.00
----------------------------06/01/2016 Payment -----------------------
** Total of all Issues for 06/01/2016 Payment **
45000.00 11.25.00 0.001 0.00
** TOTALS OF ALL PAYMENTS FOR LOAN ***
450000.00 181.491. 69 0 .00 0.00
< schedule does not include debt service for intraperiod calls >
Fairfax/419915-6/1 st'%64 LAs
('LEASE NOTE: Do not date and return this certificate until you have received the
publisher's affidavit and have verified that the notice was published on the date indicated
in the affidavit but please return all other completed pages to us as soon as they are
available.)
STATE OF IOWA
COUNTY OF LINK SS;
CITY OF FA.IRFAX
I, the undersigned, City Clerk of the aforementioned City, do hereby certify that pursuant
to the resolution of its Council fixing a date of meeting at which it is proposed to take action to
enter into certain loan agreements, the notices, of which the printed slips attached to the
publisher's affidavits hereto attached are true and complete copies, were published on the date
and in the newspaper specified in such affidavits, which newspaper has a general circulation in
the City.
WITNESS MY HAND and the seal of the City hereto affixed this (910' day of
2003.
City cork
(Seal)
(Attach here the publisher's original affidavit with clipping of the notice, as published.)
-12-
DORSEY&WHITNEY LLP,ATTORNEYS,DES MOINES,IOWA
STATE OF IOWA
County of Linn ss.
NOT INS OF PROPOSED ACTION
TO IN£TITUTE PROCEEDINGS TO
ENTER INTO A LOAN AGREEMENT
AND]BORROW MONEY
IN THE PRINCIPAL AMOUNT OF$110,000
LCOuroil of the City of Fairfax, Iowa,GENERAL OBLIGATION,
The City I, Jo'e Hladky, bung duly sworn o'n oath, do state that I am'
will maei Or'February 11,.2063,at the Fairfax
Pur ball,f st City,at 7 o'clocl� an for the the publisher of THE GAZETTE„ a daily newspaper of
Purpose of instituting proceedings and laking '
action to Gorr Into a loan agLoan Al (the general circulation in Linn County,, Iowa. The notice, a
General C4orporate Purpose Loan Agrae-
amvunt of$11 borrow0 or the PurposeaoPrincipal
printed copy of which is attached, was Inserted and
repairs to ithe library and city hall, q^�
The General Corporate Purpose Loan Agree- published in THE GAZETTE newspaper in the issue(s) of
ment is proposed to be entered into pursuant to
authority contained In Section 384.24A of the
Code of Iowa and will constffute a general obli-
gation of the iCIly.
The Maximum rate of interest which may be
Payable under the General Corporate Purpose �� 2,4 2V �3
Loan Agreement is 7'l per annurn. V
At any lime before the aforementioned date y,
fixed for lakung action to enter into the General The
le reasonable fee for publishing said notice is 15,16
Corporate Purpose Loan Agreement, a Pell-
lion may be filed with the City Cleric of the City -
asking that I[he question of entering into the r"
General ittrrlporatlp Purpose Loan Agreement
be submitted to the registered voters of the
ChV, Pursuant to the provisions of Section
384.26 of the Code of Iowa,
By order of the City Council of the City of
Fairfax, Iowa,.
Mary Pacha„City Cleric
Signed and sworn to before me on Jan. 24 , 20 03 ,
by Joe Hladky.
I
Nota r ublic in and4br the State of Iowa
Received payment for above from , 20
GAZETTE COMMUNICATIONS, INC.
0y
I E �
FOGROARY
9 a,.ia
STATE OF IOWA
County of Linn ss..
NOTICE OF PROPOSED ACTION
TO INSTITUTE PROCEEDINGS TO
ENTER INTO A LOAN AGREEMENT
AND BORROW MONEY
IN THE (PRINCIPAL AMOUNT OF$390,9oo
(GENERAL OBLIGATION)
The City Council of the City of Fairfax,Iowa, } f I, �f y, ,I that
Cifl meet on February 73;2003,at the Fairfax Joe Hladk bean dui Sworn on oath, do state t[ at I am'
Cifv Haff,Pim the-City,,a#7 o'clock p.m„for the � Y� � y �
Purpose of erIntoal proceedings and tah4ng the publisher of THE GAZETTE a dally newspaper of
action to enter Into a loan agreement{the"Es-
andseA1fal borrowomoneylnjhe p Principal amounts f general circulation in Linn County, Iowa. The notice, a
8390,009 for the purposes of acquiring equip-
merit t
forthefiredeoartment,andrefundin9.an printed copy of which is attached was Inserted and
oulstandinig General Obligation Fire Truck
Note preylrluslyrpo ate Purpose Loan Agree-
by the City.
The EssonYial Corporate publlished in THE GAZETTE newspaper in the issue(s) of
merit is proposed to be entered into pursuant to
authority contained in Section 384,24A of the
Code of loWn aind'will consillule a genera#obl!-
gallon of the Caty.
At the aforementioned lime and place,oral or �1
written obiiections may be filed or made to the Jan. �tF 2V �3 .
Proposal fo enter into the Essential'Corporate
Purpose the A9reamdet.Atter receiving er oto The reasonable fee for publishing said notice is $ 15.16
leclions,the Cily may determine to enter into
the Essential Corporate Purpose Loan Agree-
ment, In which case,the decision will be final
Unless appealed to the District Court within
fifteen 1151 days thereafter.
By order of tlhe City COuri of the City.of
Fairfax, Iowa,,
Mary Pacha,
City Cler?
Signed and sworn to before me on Jan. 24 12003 ,
by Joe Hladky.
Nota ublie in and r the State of Iowa
Received payment for above from , 20
GAZETTE COMMUNICATIONS, INC.
By
2403