HomeMy WebLinkAboutRESOLUTION NO. 2008-01 - LOAN AGREEMENT $350000 Fairfax/419915-10/2'4 Mg Only
a = „F ,', ., 419915-10 (Loan Agreement Hearing)
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Fairfax, Iowa
January 8, 2008
The City Council of the City of Fairfax, Iowa, met on January 8, 2008, at 7:00 o'clock
p.m., at the City Hall, Fairfax, Iowa.
The meeting was called to order by the Mayor, and the roll was called showing the
following members of the City Council present and absent:
Present: rAAW �� ✓� ', ' ,IF
Absent: Y1 x01)11
This being the time and place specified for taking action on the proposal to enter into a
loan agreement, the City Clerk announced that no written objections had been placed on file.
Whereupon, the Mayor called for any written or oral objections, and there being none, the Mayor
closed the public hearing.
After due consideration and discussion, Council Member
introduced the following resolution and moved its adoption, seconded by Council Member
The Mayor put the question upon the adoption of said
1„+; 11 4-L --11 11-1 ten Jle111A +I,— F 11.,,E 41-- (''.-.,,,� 41 A T�,ry,l�, ro trn+aA-
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Ayes: be �
Nays: ) �
Whereupon, the Mayor declared the resolution duly adopted, as hereinafter set out.
At the conclusion of the niceting and upon motion and vote, the City Council adjourned.
Mayor
Attest:
City Clerk
-I-
DORSEY&WHITNEY LLP,ATTORNEYS,DES MOINES,IOWA
FairlaV419915-10/2"[ Hrg Only
RESOLUTION NO.'
Resolution taking additional action to enter into a Loan Agreement
WHEREAS, pursuant to the provisions of Section 384.24A of the Code of Iowa, the City
of Fairfax (the "City"), in the County of Linn, State of Iowa has heretofore proposed to contract
indebtedness and enter into a General Obligation Sanitary Sewer Loan Agreement (the "Loan
Agreement") in the principal amount not to exceed $350,000, for the purpose of paying the cost,
to that extent, of constructing sanitary sewer improvements, and has published notice of the
proposed action and has held a hearing thereon;
NOW, THEREFORE, It.Is Resolved by the City Council of the City of Fairfax, Iowa, as
follows:
Section 1. The City Council hereby determines to enter into the Loan Agreement in
the future and orders that General Obligation Sanitary Sewer bonds or notes be issued in
evidence thereof. The City Council further declares that this resolution constitutes the
"`additional action"required by Section 384.24A of the Code of Iowa,
Section 2. All resolutions and orders or parts thereof in conflict with the provisions
of this resolution, to the extent of such conflict, are hereby repealed.
Section 3. This resolution shall be in full force and effect immediately upon its
adoption and approval, as provided by law.
Passed and approved January 8, 2008.
Mayor
Attest:
City Cleric
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DORSEY&WHITNEY ILP,ATTORNEYS,DES MOINES,IOWA
Fairfax/419915-10/2 Id 1/]Hrg Only
STATE OF IOWA
COUNTY OF LINK 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 the hearing on
the City Council's intention to enter into a Loan Agreement in the principal amount not to
exceed $350,000.
WITNESS MY HAND and the seal of the City hereto affixed this �� day of
2008.
City Cleric
(Seal)
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DORSEY&WHITNEY NEY LLP,ATTORNEYS,DES MOINES,IOWA