HomeMy WebLinkAboutRESOLUTION NO. 2008-02 - SET PUBLIC HEARING FOR LOAN AGREEMENT Fairfax/419915-10/1S`'/2 GO LA
MINUTES TO SET DATE FOR HEARING i
ON ENTERING INTO A REFUNDING
LOAN AGREEMENT
419915-10
(N/I) - GENERAL OBLIGATION
REFUNDTNG
Fairfax, Iowa
January 8, 2008
The City Council of the C"ty of Fairfax, Iowa, met on January 8, 2008, at o'clock
.m., at the A,{ g � , in the City. The Mayor presided and the roll was called
,showing the following members of the City Council present and absent:
Present: { � r
Absent:
Council Members introduced the resolution hereinafter
next set out and moved its adoption, seconded by Council Member W- iota 3(i`(04- a
and after due consideration thereof by the City Council, the Mayor put the question upon the
adoption of the said resolution and the roil being called, the following harried k- 11 lvIciiluers
voted:
Ayes: �� � t'? �lY' ` ` IC t./ { oUJ io t
Nays:
Whereupon, the Mayor declared the resolution duly adopted as hereinafter s-et out:
At the conclusion of the meeting, and upon motion and vote,the City Council adjourned..
Mayor
Attest:
LoA(0-
City Clerk
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DORSEY&WHITNEY LLP,ATTORNEYS,DES MOINES,IOWA
1*airfax1419915-10/1"1A GO LA
RESOLUTION NO,; L'-_ _.
Resolution to fix a date for a public hearing on a loan agreement in a principal
amount not to exceed $350,000
WHEREAS, the City of Fairfax (the "City"), in Linn County, State of Iowa, proposes to
enter into a General Obligation Refunding Loan Agreement (the "Loan Agreement") in a
principal amount not to exceed $350,000 pursuant to the provisions of Section 384.24A of the
Code of Iowa for the purpose of paying the cost, to that extent, of refunding the City's
outstanding General Obligation Water Notes dated October 1, 2001, and it is necessary to fix a
date of meeting of the City Council at which it is proposed to tape action to enter into the Loan
Agreement and to give notice thereof as required by such law;
NOW, THEREFORE, Be It Resolved by the City Council of the City of Fairfax, Iowa„ as
follows:
Section I The City Council shall mee�on the day of February, 2008, at
the , Fairfax, Iowa, at 5o 'U o'clock .m., at which time and place a
hearing wi 1 be held and proceedings will be instituted and action taken to enter into the Loan
Agreement.
Section 2. The City Clerk is hereby directed to give notice of the proposed action on
the 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 following form:
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DORSEY&WHITNEY LLP, ATTORNEYS, DES MOINES, IOWA
Fairfax/419915-10/1"% LA
NOTICE OF PROPOSED ACTION TO INSTITUTE PROCEEDINGS TO
ENTER INTO A LOAN AGREEMENT IN A PRINCIPAL AMOUNT NOT TO
EXCEED $350,000
(GENERAL OBLIGATION)
The City Council f the City of Fairfax, Iowa, will meet on therA day of February,
2008, at the . a_ , Fairfax, Iowa, at �j'• o'clock kz .m., for the purpose
of instituting proceedings and taping action to enter into a loan agreement (the "Loan
Agreement") in a principal amount not to exceed $350,000 for the purpose of paying the cost.,to
that extent, of refunding the City's outstanding General Obligation Water Notes dated October 1,
2001.
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.
At the aforementioned 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.
Vickie Kindl
City Clerk.
Published in The Gazette January 18,2008.
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DORSEY&W-HITNEY LLP,ATTORNEYS,DES MOINES,IOWA
Fairfax/419915-10/1 %:GO LA
Section 3. All resolutions or parts of resolutions in conflict herewith are hereby
repealed to the extent of such conflict.
Passed and approved January 8, 2008.
Mayor
Attest:
w l...Y
qy
F
City Clerk
1
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DORSEY&WHITNEY LLP,ATTORNEYS,DES MOINES,IOWA
Fairfax/419915-1 0/1"11/.co LA
STATE OF IOWA
LINN COUNTY 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 a hearing on the City Council's proposal to take action in connection with a loan agreement,
as referred to therein.
WITNESS MY HAND and the seal of the City hereto affixed this 'A--' day of
2008,
City Clerk
(Seal)
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DORSEY&WHITNEY LLP,ATTORNEYS,DES MOINES,IOWA
Faiafax/419915-I0/1 '/Z 00 LA
STATE OF IOWA
i" COUNTY OF LINK SS:
CITY OF FAIRFAX
I, the undersigned City Clerk, do hereby certify that the City of Fairfax, Iowa 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 farin 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:
R7j � �% , Mayor
City Clerk
Finance Administrator
Council Member/Mayor Pro-Tem
Council Member
Council Member
Council Member
C1hi�fY�Yt . � fic , Council Member
WITNESS MY HAND and the seal of the City hereto affixed this day of
2008.
r - �
City Clerk
(Seal)
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DORSEY&WHITNEY LLP,ATTORNEYS,DES MOINES,IOWA
Fairfax/419915-1 0/1 %GO LA
(P'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
]SINN COUNTY SS:
CITY OF FAIRFAX
I, 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 take action to
enter into a loan agreement, the notice, of which the printed slip attached to the publishers
affidavit hereto attached is a trice 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. j
WITNESS MY HAND and the seal of the City hereto affixed this day of
zoos.
City Clerk
(Seal)
(Attach here the publisher's original affidavit with clipping of'the notice, as published.)
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DORSEY&WHITNEY LLP,ATTORNEYS,DES MOINES,IOWA