HomeMy WebLinkAbout08-24-2010 Special Meeting CITY OF FAIRFAX
SPECIAL CITY COUNCIL MEETING
AUGUST 24, 2010
The special meeting of the Fairfax City Council was held Tuesday, August 24, 2010,at
Fairfax City Hall, Mayor Rabe called the meeting to order at :00 PM. Council members
present: JoAnn Beer, Bernie Frieden, Marc Magers, Travis Otto, and Marianne Wainwright.
Other city staff present: Cynthia Stimson and Lynn Miller.
Motioned by Magers, seconded by Frieden to approve the agenda. Ayes: Beer, Frieden,
Magers, Otto, and Wainwright. Motion carried.
Motioned by Magers, seconded by Otto to approve RESOLUTION NO. 2010-42,A
RESOLUTION PROVIDING FOR THE ISSUANCE OF $335,000 GENERAL
OBLIGATION FIRE TRUCK AND REFUNDING BONDS„ SERIES 2010, AND
PROVIDING FOR THE LEVY OF TAXES TO PAY THE 'SAME. Roll call vote: Ayes:
Beer,Frieden, Magers, Otto, and Wainwright. Motion carried. Mayor Rabe declared
RESOLUTION NO. 2010-42 duly adopted.
Larry and Maggie Burger, from Speer Financial, were on hand to answer questions about
the fire department financing and to go over the draft of the TIF Report. Discussion was held on
the use and reporting requirements for the TIF funds.
Discussion was held concerning the list of proposed street maintenance work. Don, from
Prairie Road Builders, described the work needed in each area. 'The alley near the senior
apartments was discussed. Don is to check on the price of doing this alley.
Motioned by Frieden, seconded by Wainwright to approve the list of street maintenance
work as submitted by Prairie Road Builders. Ayes: Beer,Frieden, Magers, Otto, and
Wainwright. Motion carried.
Mayor Rabe stated that he has all but one of the required signatures for the drainage
easement agreements for the two properties near Hawk's Ridge Park.
Motioned by Magers, seconded by Wainwright to approve the Hawk's Ridge Park
proposal from Dave Schmidt Construction pending getting the last signature on the required
drainage easement agreements. Ayes: Beer, Frieden, Magers, Otto, and Wainwright. Motion
carried.
Marc Magers discussed the dips on Horizon Avenue, These are caused by the ground
settling in the areas of the service lines under the street.
JoAnn Beer informed Lynn Miller that a light is out in the north entryway area. JoAnn
will have staff contact the landscaper about getting one more tree...
Cynthia Stimson asked about NIMS training.
Motioned by Magers, seconded by Otto to adjourn the meeting. Ayes: Beer, Frieden,
Otto,Magers, and Wainwright. Motion carried.
Mayor Rabe adjourned the meeting at 7:43 PM.
Mayor Jason Rabe
City Clerk/Treasurer Cynthia Stimson
Disclaimer: The foregoing minutes are not official until approved by the City Council.
08-24-2010 City Council Minutes Page 1
Fairfax 1419915-1412"% Iss
MINUTES FOR ISSUANCE OF BONDS
419915-14
Fairfax,Iowa
August 24,2010
The City Council of the City of Fairfax, Iowa, met on August 24, 2010, atm
o'clock '' in., at the �v ,. , '.` , Fairfax, Iowa,
The meeting was called to order by the Mayor, and the roll was called showing the
following Council Members present and absent:
Present:
,
Absent: �r
,k
After due consideration and discussion, Council Member =
introduced the resolution next hereinafter set out and moved its adoption, seQ nded by Council
Member Ly The Mayor put the question upon the adoption of said resolution,
and the roll being called, the fallowing Council Members voted:
Ayes: kt)�,C;,i 4,
Nays:
Whereupon, the Mayor declared the resolution duly adopted as hereinafter set out.
At the conclusion of the meeting, and upon motion and vote,the Council adjourned.
i
E
May
Attest:
City qlerk
A-, 'L-•21
-1-
DORSE'Y&WMTNEY LLP,ATTORNEYS,DES MOINES,IOWA
Fairfax/419915-14/2'41/2 Iss
RESOLUTION NO.
Resolution providing far the issuance of$335,000 General Obligation Fire Truck
and Refunding Bonds, 'Series 2010, and providing for the levy of taxes to pay the
same
WHEREAS, the City of Fairfax (the "City"), in the County of Linn, State of Iowa,
pursuant to a resolution of the City adopted on March 11, 2003 (The "2003 Note Resolution"'),
previously issued its $465,000 General Obligation Corporate Purpose Notes (the "2003 Notes"),
a portion of which remain outstanding; and
WHEREAS, pursuant to the 2003 Note Resolution, the City reserved the right to call the
2003 Notes maturity in the years 2009 to 2013 (the "Callable 2003 Notes"), inclusive, an any
date on or after June 1, 2008, for early redemption; and
WHEREAS, pursuant to the provisions of Section 384.24A of the Code of Iowa, the City
has heretofore proposed to contract indebtedness and enter into a loan agreement (the "Loan
Agreement") in a principal amount not to exceed $400,000, for the purpose of acquiring a fire
truck and refunding the Callable 2003 Notes, and has published notice of the proposed action and
has held a hearing thereon on July 13, 2010; and
WHEREAS, pursuant to advertisement of sale, bids for the purchase of$335,000 General
Obligation Fire Truck and Refunding Bonds, Series 2010 (the "Bonds") to be issued in evidence
of the City's obligation under the Loan Agreement were received and canvassed on behalf of the
City and, upon final consideration of all bids, the bid of Bankers' Bank, Madison, Wisconsin(the
"Purchaser"), was determined to be the best, such bid proposing the lowest interest cost to the
City; and
WHEREAS, it is now necessary to authorize the issuance of the Bonds;
NOW, THEREFORE, Be It Resolved by the City Council of the City of Fairfax, Iowa, as
follows:
Section 1. The Bonds, in the aggregate principal amount of $335,000, are hereby
authorized to be issued in evidence of the City's obligations under the Loan Agreement. The
]Bonds shall be dated September 9, 2010, shall be issued in the denomination of$5,000 each or
any integral multiple thereof and shall mature on June 1 in each of the years, in the respective
principal amounts, and bear interest at the respective rates as fellows:
Principal Interest Rate Principal Interest Rate
Year Amount Per Annum Year Amount Per Annurn
2011 $65,000 1.00% 2014 $70,000 1.70%
2012 $65,000 1.20% 2015 $70,000 2,00%
2013 $65,000 1.40%
Section 2. Bankers Trust Company, Des Moines, Iowa, is hereby designated as the
Registrar and Paying Agent for the Bonds and may be hereinafter referred to as the "Registrar"
or the "Paying Agent." The City shall enter into an agreement (the "Registrar/Paying Agent
-2-
DORSEY&WHITNEY LLP,ATTORNEYS,DES MOINES,IOWA
Fairfax B 419915-14/2nd v3 ISS
Agreement") with the Registrar, in substantially the form as has been placed on file with the
Council; the Mayor and. City Clerk are hereby authorized and directed to sign the
Registrar/Paying Agent Agreement on behalf of the City; and the Registrar/Paying Agent
Agreement is hereby approved.
The Bonds are not subject to redemption prior to maturity.
Accrued interest on the Bonds shall bepayable semiannually on the first day of rune and
December in each year, commencing December 1, 2010. Interest shall be calculated on the basis
of a 360-day year comprised of twelve 30-day months. Payment of interest on the Bonds shall
be made to the registered owners appearing on the registration books of the City at the close of
business on the fifteenth day of the month next preceding the interest payment date and shall be
paid to the registered owners at the addresses shown on such registration books. Principal of the
Bonds shall be payable in lawful money of the United States of America to the registered owners
or their legal representatives upon presentation and surrender of the Bond or Bonds at the office
of the Paying Agent.
The Bonds shall be executed on behalf of the City with the official manual or facsimile
Signature of the Mayor and attested with the official manual or facsimile signature of the City
Clerk and shall have the City's, seal impressed or printed thereon, and shall be fully registered
Bonds without interest coupons. In case any officer whose signature or the facsimile of whose
signature appears on the Bonds shall cease to be such officer before the delivery of the Bonds,
such signature or such facsimile signature shall nevertheless be valid and sufficient for all
purposes,the same as if such officer had remained in office until delivery.
The Bonds shall not be valid or become obligatory for.any purpose until the Certificate of
Authentication thereon shall have been signed by the Registrar.
The Bonds shall be fully registered as to principal and interest in the names of the owners
on the registration books of the City kept by the Registrar, and after such registration, payment of
the principal thereof and interest thereon shall be made only to the registered owners or their
legal representatives or assigns, Each Bond shall be transferable only upon the registration
books of the City upon presentation to the Registrar, together with either a written instrument of
transfer satisfactory to the Registrar or the assignment farm thereon completed and duly
executed by the registered owner or the duly authorized attorney for such registered owner.
The record and identity of the owners of the Bonds shall be kept confidential as provided
by Section 22.7 of the Code of Iowa.
Section 3. Notwithstanding anything above to the contrary, the Bonds shall be issued
initially as Depository Bonds, with one fully registered Bond for each maturity date, in principal
amounts equal to the amount of principal maturing on each such date, and registered in the name
of Cede & Co., as nominee for The Depository Trust Company,New York, New York ("DTC")
On original issue, the Bonds shall be deposited with DTC for the purpose of maintaining a book-
entry system for recording the ownership interests of its participants and the transfer of those
interests among its participants (the "Participants"). In the event that DTC determines not to
continue to act as securities depository for the Bonds or the City determines not to continue the
book-entry system for recording ownership interests in the Bonds with DTC, the City will
-3-
DO SEY&WHITNEY LLP,ATTORNEYS,DES MOINES,IOWA
1+aiffax/419915-1412"d'/s Iss
discontinue the book-entry system with DTC. If the City does not select another qualified
securities depository to replace DTC (or a successor depository) in order to continue a book-
entry system, the City will register and deliver replacement Bonds in the form of fully registered
certificates, in authorized denominations of$5,000 or integral multiples of$5,000, in accordance
with instructions from Cede Co., as nominee for DTC. In the event that the City identifies a
qualified securities depository to replace DTC, the City will register and deliver replacement
Bonds, fully registered in the name of such depository, or its nominee, in the denominations as
set forth above, as reduced from time to time prior to maturity in connection with redemptions or
retirements by call or payment, .and in such event, such depository will then maintain the book-
entry system for recording ownership interests in the Bonds.
Ownership interests in the Bonds may be purchased by or through Participants. Such
Participants and the persons for whom they acquire interests in the Bonds as nominees will not
receive certificated Bonds, but each such Participant will receive a credit balance in the records
of DTC in the amount of such. Participant's interest in the Bonds, which will be confirmed in
accordance with DTC's standard. procedures. Each such person for which a Participant has an
interest in the Bonds, as nominee, may desire to make arrangements with such Participant to
have all notices of redemption or other communications of the City to DTC, which may affect
such person, forwarded in writing by such Participant and to have notification made of all
interest payments.
The City will have no responsibility or obligation to such Participants or the persons for
whom they act as nominees with respect to payment to or providing of notice for such
Participants or the persons for whom they act as nominees.
As used herein, the terra "'Beneficial Owner" shall hereinafter be deemed to include the
person for whom the Participant acquires an interest in the Bonds.
DTC will receive payments from the City, to be remitted by DTC to the Participants for
subsequent disbursement to the Beneficial Owners. The ownership interest of each Beneficial
Owner in the Bonds will be recorded on the records of the Participants whose ownership interest
will be recorded on a computerized book-entry system kept by DTC.
When reference is made to any action which is required or permitted to be taken by the
Beneficial Owners, such reference shall only relate to those permitted to act (by statute,
regulation or otherwise) on behalf of such Beneficial Owners for such purposes. When notices
are given, they shall be sent by the City to DTC, and DTC shall forward (or cause to be
forwarded) the notices to the Participants so that the Participants can forward the same to the
Beneficial Owners.
Beneficial Owners will receive written confirmations of their purchases from the
Participants acting on behalf of the Beneficial Owners detailing the terms of the Bonds acquired.
"Transfers of ownership interests in the Bonds will be accomplished by book entries made by
DTC and the Participants who act on behalf of the Beneficial Owners, Beneficial Owners will
not receive certificates representing their ownership interest in the Bonds, except as specifically
provided herein. Interest and principal will be paid when due by the City to DTC, then paid by
DTC to the Participants and thereafter paid by the Participants to the Beneficial Owners.
-4-
DORSEY&WHITNEY LLP,ATTORNEYS,DES MOTNE'S,IOWA
Fiair$ax(419915.1412"a'/2 Iss
Section 4. The Bons shall be in substantially the following form:
-5-
DORSEY&WHITNEY LLP,ATTORNEYS,DES MOINES,IOWA
Fairfax/419915-14/2nd'/z Iss
(Form of Bond)
UNITED STATES OF AMERICA
STATE OF IOWA COUNTY OF LINN
CITY OF FAIRFAX
GENERAL OBLIGATION FIRE TRUCK AND REFUNDING BOND, SERIES 2010,
No. $
RATE MATURITY DATE BOND DATE CUSIP
% Tune 1, 20 September 9, 2010 303898
The City of Fairfax (the "City"), in Linn County, State of Iowa, for value received,
promises to pay on the maturity date of this Bond to
Cede & Co.
New York,New York
or registered assigns, the principal sum of
THOUSAND DOLLARS
in lawful money of the United States of America upon presentation and surrender of this Bond at
the office of Bankers Trust Company, Des Moines, Iowa (hereinafter referred to as the
"Registrar" or the "Paying Agent"), with interest on said surra until paid, at the rate per annurn
specified above from the date of this Bond, or from the most recent interest payment date on
which interest has been paid, on Tune 1 and December 1 of each year, commencing December 1,
2010, except as the provisions hereinafter set forth with respect to redemption prior to maturity
may be or become applicable hereto. Interest on this Bond is payable to the registered owner
appearing on the registration books of the City at the close of business on the fifteenth day of the
month next preceding the interest payment date, and shall be paid by check or draft mailed to the
registered owner at the address shown on such registration books. Interest shall be calculated on
the basis of a 360-day year comprised of twelve 30-day months.
This Bond shall not be valid or become obligatory for any purpose until the Certificate of
Authentication hereon shall have been signed by the Registrar..
This Bond is one of a series of General Obligation Fire Truck and Refunding Bonds,
Series 2010 (the "Bonds") issued by the City to evidence its obligation under a certain loan
agreement, dated as of September 9, 2010 (the "Loan Agreement'), entered into by the City for
the purpose of acquiring a fire truck and refunding the outstanding balance of the City's General
Obligation Corporate Purpose Notes, dated March 1, 2003.
The Bonds are issued pursuant to and in strict compliance with the provisions of
Chapters 76 and 384 of the Code of Iowa, 2009, and all other laws amendatory thereofand
-6-
DORSEY&WHITNEY LLP,ATTORNEYS,DES MOINES,IOWA
Fairfax!419915-14/2"'/a Iss
supplemental thereto, and in conformity with a resolution of the City Council, adopted on
August 24, 2010, authorizing and approving the Loan Agreement and providing for the issuance
and securing the payment of the Bonds (the "Resolution"), and reference is hereby made to the
Resolution and the Loan Agreement for a more complete statement as to the source of payment
of the Bonds and the rights of the owners of the Bonds.
This Bond is not subject to redemption prior to maturity.
This Bond is fully negotiable but shall be fully registered as to both principal and interest
in the name of the owner on the books of the City in the office of the Registrar, after which no
transfer shall be valid unless made on said books and then only upon presentation of this Bond to
the Registrar, together with either a written instrument of transfer satisfactory to the Registrar: or
the assignment form hereon completed and duly executed by the registered owner or the duly
authorized attorney for such registered owner.
The City, the Registrar and the Paying Agent may deem and treat the registered owner
hereof as the absolute owner for the purpose of receiving payment of or on account of principal
hereof, premium, if any, and interest due hereon and for all other purposes, and the City, the
Registrar and the Paying Agent shall not be affected by any notice to the contrary.
And It Is Hereby Certified and Recited that all acts, conditions and things required by the
laws and Constitution of the State of Iowa, to exist, to be had, to be done or to be performed
precedent to and in the issue of this Bond were and have been properly existent, had, done and
performed in regular and due form and time; that provision has been made for the levy of a
sufficient continuing annual tax on all the taxable property within the City for the payment of the
principal of and interest on this Bond as the same will respectively become due; that the faith,
credit, revenues and resources and all the real and personal property of the City are irrevocably
pledged for the prompt payment hereof, both principal and interest; and that the total
indebtedness of the City, including this Bond, does not exceed any constitutional or statutory
limitations.
IN TESTIMONY WHEREOF, the City of Fairfax, Iowa, by its City Council, has caused
this Bond to be sealed with the facsimile of its official seal, to be executed with the duly
authorized facsimile signature of its Mayor and attested with the duly authorized facsimile
signature of its City Clerk, as of September 9, 2010.
CITY OF FAIRFAX, IOWA
By(DO NOT SIGN)
Mayor
Attest:
(DO NOT SIGN)
City Clerk
('Seal)
Registration Date: (Registration Date)
-7-
DDRSI Y&WHITNEY LLP,ATTORNEYS,DES MOINES,IOWA
Fairfax 1419915-1412M/2 ISS
REGISTRAR'S CERTIFICATE OF AUTHENTICATION
This Bond is one of the Bonds described in the within-mentioned Resolution.
BANKERS TRUST COMPANY
Des Moines,Iowa
Registrar
By _ "Authorized Signature)
Authorized Officer
ABBREVIATIONS
The following abbreviations, when used in this Bond, shall be construed as though they
were written out in full according to applicable laws or regulations:
TEN COM - as tenants in common UTMA
TEN ENT - as tenants by the entireties (Custodian)
IT TEN - as joint tenants with right of As Custodian for
survivorship and not as (Minor)
tenants in common under Uniform Transfers to Minors Act
(State)
Additional abbreviations may also be used though not in the list above.
ASSIGNMENT
For valuable consideration, receipt of which is hereby acknowledged, the undersigned
assigns this Bond to
(Please print or type name and address of Assignee)
]PLEASE INSERT SOCIAL SECURITY OR OTHER
IDENTIFYING NUMBER OF ASSIGNEE
and does hereby irrevocably appoint , Attorney, to transfer
this Bond on the books kept for registration thereof with full power of substitution.
Dated:
-8-
DORSEY WHITNEY LLP,ATTORNEYS,DES MOINES,IOWA
Fairfax t 419915-1412°d Iss
Signature guaranteed:
(Signature guarantee must be provided in accordance
with the prevailing standards and procedures of the
Registrar and Transfer Agent, Such standards and
procedures may require signatures to be guaranteed by
certain eligible guarantor institutions that participate in
a recognized signature guarantee program.)
NOTICE:: The signature to this Assignment must
correspond with the name of the registered owner as
it appears on this Bond in every particular, without
alteration or enlargement or any change whatever.
-9-
DORSEY&WHITNEY LLP,ATTORNEYS,DES MOINES,IOWA
Fairfax 419915-1412"a'/z Iss
Section 5. The Bonds shall be executed as herein provided as soon after the adoption
of this resolution as may be possible, and thereupon they shall be delivered to the Registrar for
registration, authentication and delivery to or on behalf of the Purchaser, upon receipt of the loan
proceeds, and all action heretofore taken in connection with the Loan Agreement is hereby
ratified and confirmed in all respects.
Section 6. Bankers Trust Company, Des Moines, Iowa, as Registrar and Paying
Agent for the Callable 2003 Notes is hereby authorized to take all action necessary to call the
Callable 2003 Notes for redemption on October 1, 2010 (the "Redemption Date"), and is further
authorized and directed to give notice of such redemption by sending notice to each of the
registered owners of the Callable 2003 Notes to be redeemed at the addresses shown on the
City's registration books, not less than 30 days prior to the Redemption Date.
Section 7, For the purpose of providing for the levy and collection of a direct annual
tax sufficient to pay the principal of and interest on the Bonds as the same become due, there is
hereby ordered levied on all the taxable property in the City in each of the years while the Bonds
are outstanding, a tax sufficient for that purpose, and in furtherance of this provision, but not in
limitation thereof, there is hereby levied on all the taxable property in the City the following
direct annual tax for collection in each of the following fiscal years:
For collection in the fiscal year beginning July 1, 2011,
sufficient to produce the net annual sum of$69,280;
For collection in the fiscal year beginning July 1, 2012,
sufficient to produce the net annual sum of$68,500;
For collection in the fiscal year beginning July 1, 2013,
sufficient to produce the net annual sum of$72,590;
For collection in the fiscal year beginning July 1, 2014,
sufficient to produce the net annual sum of$71,400,
Section S. A certified copy of this resolution shall be filed with the County Auditor
of Linn County, and the County.Auditor is hereby instructed to enter for collection and assess the
tax hereby authorized. When annually entering such taxes for collection, the County Auditor
shall include the same as a part of the tax levy for Debt Service Fund purposes of the City and
when collected, the proceeds of the taxes shall be converted into the Debt Service Fund of the
City and set aside therein as a special account to be used solely and only for the payment of the
principal of and interest on the Bonds hereby authorized and for no other purpose whatsoever.
Pursuant to the provisions of Section 76.4 of the Code of Iowa, each year while the
Bonds remain outstanding and unpaid, any funds of the City which may lawfully be applied for
such purpose, including incremental property tax revenues as provided for in Section 403.19 of
The Code of Iowa, may be appropriated, budgeted and, if received, used for the payment of the
principal of and interest on the Bonds as the same become due, and if so appropriated, the taxes
for any given fiscal year as provided for in Section 7 of this Resolution, shall be reduced by the
amount of such alternate funds as have been appropriated for said purpose and evidenced in the
City's budget.
-to-
DORSEY°rye,WHITNEY LLP,ATTORNEYS,DES MOINES,IOWA
Fairfax/419915-14/2"d Yz Iss
Section 9. The interest or principal and both of them falling due in any year or years
shall, if necessary, be paid promptly from current funds on hand in advance of taxes levied and
when the taxes shall have been collected, reimbursement shall be made to such current funds in
the sum thus advanced.
The City hereby pledges the faith, credit, revenues and resources and all of the real and
personal property of the City for the full and prompt payment of the principal of and interest on
the Bonds.
Section 10. It is the intention of the City that interest on the Bonds be and remain
excluded from gross income for federal income tax purposes pursuant to the appropriate
provisions of the Internal Revenue Code of 1986, as amended, and the Treasury Regulations in
effect with respect thereto (all of the foregoing herein referred to as the "Internal Revenue
Code"). In furtherance thereof, the City covenants to comply with the provisions of the Internal
Revenue Code as they may from time to time be in effect or amended and further covenants to
comply with the applicable future!laws, regulations,published rulings and court decisions as may
be necessary to insure that the interest on the Bonds will remain excluded from gross income for
federal income tax purposes. Any and all of the officers of the City are hereby authorized and
directed to take any and all actions as may be necessary to comply with the covenants herein
contained.
The City hereby designates the Bonds as "Qualified Tax Exempt Obligations" as that
term is used in Section 265(b)(3)(B) of the Internal Revenue Code.
Section 11. The Securities and Exchange Commission (the "SEC") has promulgated
certain amendments to Rule 151c2-12 under the Securities Exchange Act of 1934 (17 C,Ii.R.
240.15c2-12) (the"Rule") that make it unlawful for an underwriter to participate in the primary
,offering of municipal securities in a principal amount of $1,000,000 or more unless, before
submitting a bid or entering into a purchase contract for the bonds, an underwriter has reasonably
determined that the issuer or an obligated person has undertaken in writing for the benefit of the
bondholders to provide certain disclosure information to prescribed information repositories on a
continuing basis or unless and to the extent the offering is exempt from the requirements of the
Rule.
The principal amount of the Bonds is less than $1,000;000. The City hereby represents
that it has not issued within the six months before the date of issuance of the Bonds, and that it
reasonably expects that it will not issue within six months after the date of issuance of the Bonds,
other securities of the City of substantially the same security and providing financing for the
same general purpose or purposes as the Bonds. Consequently,this Council hereby finds that the
Rule is inapplicable to the Bonds, because the aggregate principal amount of the Bonds and any
other securities required to be integrated with the Bonds under the Rule is less than$1,000,000.
-11-
DORSEY&WHITNEY LLP,ATTORNEYS,DES MOINES,IOWA
Fairfax 1419915-1412"d% Iss
Section 12. All resolutions or parts thereof in conflict herewith are hereby repealed to
the extent of such conflict.
Passed and approved August 24, 2010.
C) ia
Mayor-./
ayor;`.
i
A est;
»� "
iiy Tlerk
-12-
DORSEY&WHITNEY LLP,ATTORNEYS,DES MOINES,IOWA
Fairfax/419915-1412'Vz Iss
STATE OF IOWA
COUNTY OF LINN SS:
CITY OF FAIRFAX
I, the undersigned, City Clerk of the City of Fairfax, do hereby certify that as such City
Clerk I have in my possession or have access to the complete corporate records of the City and of
its Council and officers and that 1 have carefully compared the transcript hereto attached with
those corporate records and that the transcript hereto attached is a true, correct and complete
copy of all the corporate records in relation to the adoption of a resolution providing for the
issuance of$335,000 General Obligation Fire Truck and Refunding Bonds, Series 2010 of the
City evidencing the City's obligation under the Loan Agreement and that the transcript hereto
attached contains a true, correct and complete statement of all the measures adopted and
proceedings, acts and things had.,done and performed up to the present time with respect thereto.
I further certify that no appeal has been taken to the District Court from the decision of
the City Council to enter into the Loan Agreement, to issue the Bonds or to levy taxes to pay the
principal of and interest on the Bonds.
WITNESS MY HANDS this 25"' day of a4J ,2010,
City Jerk
-13-
DORSEi'&WHITNEY LLP,ATTORNEYS,DES MOINES,IOWA
Fairfax(41991544 2"`/� Iss
STATE OF IOWA
SS;
LIINN COUNTY
i
I, the undersigned, County Audit r of Linn County, in the State of Iowa, do hereby
certify that on the day of )4" , 2010, the City Clerk of the City of
Fairfax filed in my office a certified cop of a resolution of such City shown to have been
adopted by the City Council and approved by the Mayor thereof on August 24, 2010, entitled;
"Resolution providing for the issuance of $335,000 General Obligation. Fire Truck and
Refunding Bonds, Series 2010„ and providing for the levy of taxes to pay the same," and that I
have duly placed a copy of the resolution on file in my records.
I further certify that the taxes provided for in that resolution will in due time, manner and season
be entered on the State and County tax lists of this County for collection in the fiscal year
beginning July 1, 2011, and subsequent years as provided in the resolution,
WITNESS MY HAND this day of , ," , 2010.
i
unty Auditor
I
t
DORSEY&WHITNEY LLP,ATTORNEYS,DES MOINES,IOWA
Fairfax 1419915-14/Reg/PA-Bankers
PAYING AGENT AND
REGISTRAR.AND TRANSFER AGENT AGREEMENT
This Agreement is entered into as of the date hereof between BANKERS TRUST
COMPANY, Des Moines, Iowa (the "Agent") and the CITY OF FAIRFAX, IOWA (the
k"Issuer").
1. Definition of Terms—The terms "item," "receipt," "transfer," "turnaround,"
44process," "business day," and other terms used throughout this Agreement shall be deemed to
have the meanings provided in the regulations promulgated pursuant to the Securities Exchange
Act of 1934 and the Code of Iowa as amended and in effect from time to time.
2. Issuance Resolution Incorporated By Reference—The Agent agrees to act on
behalf of the Issuer pursuant to the terms of this Agreement and pursuant to the Issuer's
resolution (the "Resolution") authorizing and providing for the issuance of $335,000 General
Obligation Fire Truck and Refunding Bonds, Series 2010, dated September 9, 2010 (the
""Bonds"). The Resolution and the terms thereof are hereby incorporated by reference and the
provisions of this Agreement are to be construed to be consistent with the Resolution. In the
event of inconsistent language between the Resolution and this Agreement, the terms of the
Resolution shall prevail.
3. Registrar Function-The Agent shall maintain records of the identity of the.
owners of the Bonds in order to carry out its function as Registrar and upon request of the Issuer
shall from time to time deliver to the Issuer records, documents and other writings made or
accumulated in the performance of its duties as Registrar. In such capacity the Agent is
authorized at any time upon the surrender for cancellation of the Bonds to register new Bonds for
the principal amount of Bonds so cancelled and to redeliver such new Bonds.
4. Transfer Agent Function/Charges—The Agent is hereby directed to record and
authenticate Bonds signed by or bearing the facsimile signatures of the officers of the Issuer
authorized to sign Bonds in such names and in such amounts as the Issuer may direct.
The Agent shall make transfers from time to time upon the records of the Issuer of any
outstanding Bonds and of Bonds issued in exchange therefor signed by the officers of the Issuer
upon surrender thereof for transfer properly endorsed and upon reasonable assurance that such
endorsements are genuine and effective in accordance with Section 554.8401, Code of Iowa.
Signature guarantee must be provided in accordance with the prevailing standards and
procedures of the Registrar and Transfer Agent. Such standards and procedures may require
signatures to be guaranteed by certain eligible guarantor institutions that participate in a
recognized signature guarantee program.
The Issuer and the Agent may also require payment by the person requesting an exchange
or transfer of the Bonds of a service charge and a sum sufficient to cover any tax, fee or other
governmental charge that may be imposed in relation thereto, except in the case of the issuance
of a Bond for the unredeemed portion of a Bond surrendered for redemption.
-I-
DORSEY WHITNEY LLP,ATTORNEYS,DES MOMS,IOWA
Fa rfax/414915-14/Reg/PA-Bankers
Upon request for cancellation of such Bonds the Agent shall record and authenticate new
Bonds duly signed and deliver such Bonds to or upon the order of the person entitled thereto.
5. Paying Agent Function—The Agent is hereby authorized and shall make
payments of principal and interest to the registered owners of the Bonds as follows:
(a) If payment is by check, at least three business days prior to each payment
date and if payment is by wire transfer, at least one lousiness day prior to each payment
date, the Issuer will deposit with the Agent in such amount as is required to make such
payment.
(b) On each payment date the Agent will pay the interest and principal due
prior to the maturity date without surrender of the Bond. For final payment of principal
and interest, the Agent, upon presentation and surrender of the matured or called Bond,
will pay principal and interest to each registered owner of the Bonds as of the record date
by mailing a check or wiring funds to each such owner. In any case where the date of
maturity of interest on or principal of the Bond or the date fixed for redemption of any
Bond shall be a Saturday or Sunday or a legal holiday or a day on which banking
institutions are authorized by law to close, then payment of interest or principal may be
made on the succeeding business day with the same farce and effect as if made on the
date of maturity or the day fixed for redemption. Provided, however, that payment of
principal shall be made not later than the second business day after receipt of the matured
Bond.
(c) When the Agent shall receive notice from the Issuer of its option to
redeem Bonds prior to maturity, the Agent shall select the Bonds to be redeemed and give
notice of the redemption thereof, all in accordance with the terms of the Bonds and the
Resolution.
6. Form of Records—The records of the Agent shall be in such form as to be in
compliance with standards issued from time to time by the Municipal Securities Rule Making
Board of the United States and any other securities industries standard and the requirements of
the Internal Revenue Code of 1986 and Chapter 76 of the Code of Iowa.
7. Confidentiality of Records—The Agent's records in connection with the Bonds
shall remain confidential records entitled to protection and confidentiality pursuant to
Section 22.7, Code of Iowa. The Agent agrees that its use of the records will be limited to the
purposes of this Agreement and that the Agent will make no private use or permit any private
access thereto.
8. Reliance Upon Certain Certifications and Representations—The Agent may
rely conclusively and act, without further investigation, upon any list, instruction, certification,
authorization, certificate, or other instrument or paper suitably guaranteed and believed by it in
good faith and due diligence in performing its functions to be genuine and to have been signed,
countersigned, or executed by a duly authorized person or persons or upon the instruction of any
authorized officer of the Issuer or upon the advice of the Issuer's counsel; and may register any
Bond or may refuse to register any such Bond if in good faith the Agent deems such refusal
-2-
DORSEY&WHITNEY LLP,ATTORNEYS,DES MOINES,IOWA
Fairfax/419915-14/Re&A-Bankers
necessary in order to avoid any liability on the part of either the Issuer or the Agent, and the
Issuer agrees to indemnify and hold harmless the Agent from and against any and all losses,
costs, claims, and liability for so relying or acting or refusing to act.
9. Rules and Regulations Governing Registration--The Agent shall comply at all
times with such rules, regulations and requirements as may govern the registration, transfer .and
payment of registered Bond including without limitation Chapter 76 and Sections 554.8101 et
seq., Code of Iowa, and standards issued from time to time by the Municipal Securities Rule
Making Board of the United States and any other securities industries standard and the
requirements of the Internal Revenue Code of 1986.
10. Signature of Officers—In case any of the officers of the Issuer whose manual or
facsimile signature appears on any Bond or other record delivered to the Agent shall cease to be
such officer prior to the registration, processing, or transfer thereof, the Agent may nevertheless
process such documents as though the person signing the same or whose facsimile signature
appears thereon had not ceased to be such officer unless written instruction of the Issuer to the
contrary is received.
11. Record Date—For purposes of determining the registered owners of the Bonds the
record date shall be deemed to be the fifteenth day of the month preceding the date onwhich
payment of principal, premium, if any, or interest is payable to the registered owners of the
Bonds ("Payment Date") whether such payment is due to optional redemption, operation of a
sinking fund, or for any other reason,
12. Three Days Turnaround—The Agent agrees that it will turnaround within three
business days of receipt all items received in proper form for transfer, process or other action
pursuant to the terms of this Agreement.
13. Destruction of Cancelled Bonds-The Agent will promptly cancel and destroy all
Bonds which have been spoiled,, surrendered to it for transfer, or with respect to which principal,
premium, if any, and interest owing on such Bonds has been paid, and will provide the Issuer
with a Certificate of Destruction certifying as to the destruction of such cancelled Bonds.
14. Payment of Unclaimed Amounts—In the event any payment check representing
payment of interest or principal on the Bonds is returned to the Agent or is not presented for
payment or if any Bond is not presented for payment of principal or premium at the maturity or
redemption date, if funds sufficient to pay such interest or, principal shall have been made
available to the Agent for the benefit of the owner thereof, all liability of the Issuer to the owner
thereof for such interest or principal payment of such Bonds shall forthwith cease, terminate and
be completely discharged, and thereupon it shall be the duty of the Agent to hold such funds,
without liability for interest thereon, for the benefit of the owner of such Bonds who shall
thereafter be restricted exclusively to such funds for any claim of whatever nature on its part
under the Resolution or on, or with respect to, such interest or principal. The Agent's obligation
to hold such funds shall continue until the expiration of the escheat period in accordance with
applicable laws, at which time the Agent shall surrender any remaining funds so held in
accordance with the applicable escheat laws.
-3-
DORSE'Y&WHITNEY LLP,ATTORNEYS,DES MOMS,IOWA
Fairfax l 419915-14 I Rep/PA-Bankers
15. No Obligation to Invest—The Agent will have no obligation to invest any fimds
in its possession.
16. Compensation of the Agent—The Issuer will pay the Agent reasonable
compensation for its services based upon the schedule of fees attached or such other schedule of
fees as may be agreed upon from time to time between the Agent and the Issuer. The Agent's
compensation may include the amount of any attorney fees incurred by it under Section 17
hereof.
17. Bond Counsel—When the Agent deems it necessary or reasonable it may apply to
Bond Counsel for the Issuer or such other law firm or attorney approved by the Issuer for
instructions or advice.
18. Termination of Agreement—This Agreement may be terminated by either party
by giving the other party at least 90 days advance written notice. At termination of the
Agreement, the Agent shall deliver to the Issuer any and all records, documents or other writings
made or accumulated in the performance of its duties under this Agreement and shall refund the
unearned balance, if any, of fees paid in advance by the Issuer..
19. Examination of Records—The Issuer or its duly authorized agents may examine
all records relating to the Bonds at the principal office of the Agent at reasonable times as agreed
upon with the Agent and such records shall be subject to audit from time to time at the request of
the Issuer or the Agent. The .agent, on request, will fiunish the Issuer with a list of the names,
addresses, and other information concerning the owners of the Bonds or any of them.
20. Filing of Form 1499-INT. To the extent it is determined by the Agent or Bond
Counsel for the Issuer that reports are required to be filed, the Agent agrees to comply with the
provisions of the Internal Revenue Code with respect to the filing with the Internal Revenue
Service and furnishing to recipients of interest on the Bonds copies of Form 1099-INT, or its
substitute, annually.
-4-
DO SEY&WHITNEY LLP,ATTORNEYS,DES MOINES,IOWA
Fairfax 1419915-14/Re0A-Bankers
21, Obligations, Rights and Privileges of the Agent—The Agent shall have, with
regard to the particular functions it performs, the same obligation to the owner or owners of the
Bonds and shall have the same rights and privileges the Issuer has in regard to those functions.
Dated as of September 9, 2010.
CITY OF FAIRFAX,IOWA
B nl,�f iff
Y
Mayor
Attest:
C
City qlerk
BANKERS TRUST COMPANY
AGENT
By
Trust Officer
-5-
DORSEY&WHITNEY LLP,ATTORNEYS,DES MOINES,IOWA
LOAN AGREEMENT
This Loan Agreement is entered into as of September 9, 2010, by and between the City of Fairfax, Iowa
(the"City"),and Bankers'Bank,Madison,Wisconsin(the"Purchaser"). The parties agree as follows:
1, The Purchaser shall loan to the City the sum of $335p000, and the City's obligation to repay
hereunder shall be evidenced by the issuance of General Obligation Fire Truck and Refunding Bonds, Series 2010 in
the aggregate principal amount of$335,000(the"Bonds").
2. The City has adopted a resolution on August 24, 2010 (the "Resolution") authorizing, and
approving this Loan Agreement and providing for the issuance of the Bonds and the levy of taxes to pay the
principal of and interest on the Bonds for the purpose or purposes set forth in the Resolution. The Resolution is
incorporated herein by reference, and the parties agree to abide by the terms and provisions of the Resolution, In
and by the Resolution, provision has been made for the levy of a sufficient continuing annual tax on all the taxable
property within the City for the payment of the principal of and interest on the Bonds as the same will respectively
become due, and the City has irrevocably pledged the faith, credit, revenues and resources and all the real! ,and
personal property of the City for the full and prompt payment of the principal of and interest on the Bonds.
3. The Bonds, in substantially the form set forth in the Resolution,shall be executed and delivered to
or on behalf of the Purchaser to evidence the City's obligation to repay the amounts payable hereunder. The Bonds
shall be dated September 9, 2010, shall be in denominations of$5,000 or integral multiples thereof, shallbear
interest, shall be payable as to principal on the dates and in the amounts, shall be subject to prepayment prior to
maturity and shall contain such other,terms and provisions as provided in the Bonds and the Resolution.
4. This Loan Agreement is executed pursuant to the provisions of Section 384.24A of the Code of
Iowa and shall be read and construed as conforming to all provisions and requirements of the statute.
IN WITNESS WHEREOF, we have hereunto affixed our signatures all as of the date first above written.
CITY OF FAIRFAX,IOWA
By
Aw
May
Attest:
City lark
BANKERS' BANK
Madison,Wisconsin
By
(Signature)
('Print Name and Title)
ryll�
AGENDA
FAIRFAX CITY COUNCIL
SPECIAL MEETING
' f TUESDAY,AUGUST 24, 2010 AT 7:00 PM
FAIRFAX CITY HALL-525 VANDERBILT STREET
Tentative agenda with possible action on the following items:
r
L Call to order
S,
. Roll call rn � 6R „ . 1 ” IF 9
�'°
3. Approval of agenda ��1�,;ti 1' €.�,��,d�
4. Consider RESOLUTION providing for the issuance of 35„000 General Obligation Fire Truck and
Refunding Bonds, Series 2010,and providing for the levy of taxes to pay the same
71
5. Discussion and possible action on the TIF Report
:
1 � x
5. Discussion and possible action on a street work proposal from Prairie Road Builders
-
T Discussion and possible action on Hawk's Ridge Park roposal from Dave Schmidt Construction
VAV
g. Discussion'
p s not on agenda
a. Opportunity for citizen
p Y ,, 1 c- b�js s'me”
� �:EC PLt
?� .
Fit G419 Clerk's comments k kk
10. Mayor's comments
1.1.Adjournment p % � '> �� U_.� 1 c. . .
Fairfax City Council Agenda-August 24, 2010 Page I
AGENDA
FAIRFAX CITY COUNCIL
SPECIAL MEETING
TUESDAY,AUGUST 24,2010 AT 7:00 PM
FAIRFAX CITY HALL-525 VANDERBILT STREET
Tentative agenda with possible action on the following items:
1. Call to order
2. Roll call
3. Approval of agenda
4. Consider RESOLUTION providing for the issuance of#335,000 General Obligation Fire Truck and
Refunding Bonds, Series 2010, and providing for the levy of taxes to pay the same
5. Discussion and possible action on the TIF Report
6. Discussion and possible action on a street work proposal from Prairie Road Builders
7. Discussion and possible action on Hawk's Ridge Park Proposal from Dave Schmidt Construction
g. Discussion
a. Opportunity for citizens not on agenda
91, Clerk's comments
10. Mayor's comments
11. Adj ourntnent
Fairfax City Council Agenda-August 24,2010 Page 1
STATE OF IOWA
Counties of Linn and Johnson ss.
SPECIAL CITYCUNtC1! MEETING
AUGUST 24':20.0
The spatial zn0.t rxf She Fairfax
City Councfi:yeas held Tuy Augus#
2E 2Ct10 at Fairfax Clty�att Mayor
Re9sa rafted the rneating tq rdersI TOO...
PM Oounal4'members;present; JnAnn I Dave Storey, d p
Beet, Bernie i"rieden, Marc Masers , O State that I am the publisher Of
Tal �i�, nanar,annewalnrr9hi THE GAZETTE, a daily newspaper of general
Other tttY 'staff present Cynthia.
Sttrrvapn and L,Ynn Mf13ea
Meiuugned by M13 era; secnndea by circulation in Linn and,Johnson Counties, in Iowa.
Fri9deo to 000rove 1h.te.a ends Ayes:
W I -I# n, Masers Otto, and The notice a printed copy of which is attached was
aftewrb�hi.Ntt+t3on car;rted s ,
i t R�sOeruTION.No, ' inserted and published in THE GAZETTE newspaper
20.10 2 A RESOf UT)C?N PROVfpING
Fear THE :ISWANC aF $3; 000 in the issue(s) of September 8th, 2010
GF=REI FAL '> OBLIGATION FIRE
T€tU& AN13 R FJJMNG BONDS
SER6E5 2010,AND PROVIDING FOR
'r.HE LEVY;OF TAXES:To PAY.THE
SAME, Rail call vote;, Ayes; =Seer,
Frieden, Magers, Gatto, and Main-
wrlght. Mdd:Yon carried, Mayor'-Rabe
declarod ft€SOi UTION NO 2016 42
duly adopted€
I
_an_ Haggle:Burger, from
Sneer Pfnaneiai,ware on hand to an-
swea aluasfiohs a66ul.the fire depart•.
ddat!In,n�cin and to go over the draft
of ane 11 p .rt, ol;.ng r.e n was held
onThe reasonable fee for publishing said notice is $37.93
;tM�a Lase an�d reporllru requ3remenis .'
for,the TJ_ fain s..
Cttsanmsstotf-.was rield cbricernin:g the
lI�t•R' Amposed..street rhainienaoce
work. Dann,from Prairie Road Build-
ert,dleecrlbed thewort'needed.ln each
area, The 45Ynear the senior aparl
menta was5 ofdo)66t. Don is to check
on the pricy
of dolhg this atf av
Mtattfaned by Frieder, secondod by
lN )rayvrt tilt tit approve the list of street
rnafnperaana:e:work as;sobm)tled by
P fete oath Suitders..i Ayes: ..Reo..-'
Frledeaa� Magem, Otto, and Wa1n-
wei�tPtt:Hotton carried.:.
Mayer Rabe stated 1:lia!he has all but
ane of the required sif7Aatures for th.e
dr;�lnlage easement agreernentssfor the:
two properties near Hawk's fRIdge
Park.
Matlonad by Masers; secpnliad by
Vtaiftwright f4 3pprpve the Hau✓ks This instrument was acknowledged by Dave Storey
Ridge Park..; proposal; from Dave
Ih o3rnldt gnattstre on t pending selling before me on September 8th, 2010
the fast spgnafiure an 1he':r2auired:oral
nose easement agreements. Ayes:::
beer�':�FrWdejli Masers Otto and
Wa�nwrt�h@,Motlortcarrled
Marc MabOa discussed the dips on
tata.3rt;wSn Avaniae These ane caused by _
the grtnand setf8n9 m the Areax of'the
service fines un1.der thesi'raet g?
Jo,knn Seer informed Lynn Miller
that a light Is out in the north enlrywav : Notary Public in and for the State of Iowa
area. JoAnn W111 tlave..staff contaci:the
lanosa aper;about .4etifng one:.:more
tree,
Cynthia 5WMson asked ab.h11 NJMS i
training.
Motioned-by Magers; seconded by
Otto )ta adjourn the meeting. Ayes:
Beer, Frfeden Otlo,:;:Magers,.and.
Wainwright„Mahon carried,
Mayor Rabe adlourned the meeling
at a':45 PM.
MaYo iason Rabe
cfty Clerk/Treasurer Cynthia Stimson
Caisciatimer; The foregolog minutes are R ° lJi�nP, USt�a -
not official unill approved by the Cfiy Q
r4undit. Commission Number 753222
MY Commission Expires.
June 11,2011
STATE OF IOWA
Counties of Linn and Johnson ss.
iCITY pF PAIRFA4X
r SPECIAL Ct t 9`CQUNCILJNEI=TING
` AUGST 2A,20t0
The special.U.meetIne o.i the Fairfax
±
GItY otnidl was held'T'oeMay,Aubusi
24,'24T0,al Falr3ax Cit. Half May[Yr
Rabe called the rnprflns7 t4'va a r dl 7,00
PM, jCounC i rnern% rtrassn� 1pArin ' 'f Dave Storey,
do state that I am the publisher of
Doerr;Bernie Fried" Mwr❑,Mpgers,
YravisOln,pntl,Jllorla#anh;i�a9n
nihis YryhTHE GAZETTE, a daily newspaper of general
Olt,er olty sri3fi rlra5entf
'Sgimsunpnd 4 von M111er, r,
Motloned t,Y J,,Masrrs, sitc❑ndel tYy; circulation in Linn and Johnson Counties, in Iowa.
Felidien Io approve the a0enda, Ayes:'.
iRoer,; 1 r1 ::6A, Magers, Tari. and:; The notice, a printed copy of which is attached, Was
h ip7nygrlghl..M0.1an carried
tt �r°�Pp o SEs Lu7i�rde by inserted and published in THE GAZETTE newspaper
RESr?L.0TIO N.PROVIDINGth
FDIC- rffE 15..s CE of $335,0011 in the issue(s) of September 8', 2010
OI NERAL OBLIGATION. FIRE
d;RU K.AND JMFUNDIN.G BONDS,.`
SE-RIES 2910,7AND PR :O�'IDING'FOR
fl£LEVY OF TAXES TO PAY THE
SAKE Roll(call vote, :Ayes: Beer,
Frieden, Magers, OM,::and 'Wain
awrighl. Motion-carried.+:Mayer R'abs
-'-
deearod :RESOLUTION !NO, 2010-42:
duly a dopted.
Larry and Maggie Burger, from':
Speer Flnanclal,-were on hand 1a on-
ort the hae and 6dauigtlo,� ire h ,ra' `
swor gwe8ilons
vent it IF Rby , ar the draft The reasona ale fee for publishing said noticeis $37,93
❑f the"C<f1=Repor,,r p�s�},s�ivn
�efai,rl,n9 rrpgl,irernenis,
"1orZhuTIF
I -Discussion tas held eofjoerning Iti r
04-,of propos0fi s1- rnslnlenanee:
word Dan, trpfn Prairie lI9ad build-
ers described 1h'e Work'neOded In each
area,:The alley:+near the senior apari-
men ls was xllsdDon is fo check
on the,pNce of d9ing olh0 iMls alley,
by Frleden, seconded by
walriwr?ght to approve the tlst of sneer
rraalnian.onee work as sobrnMe.d tl'Y:
ra,rCe Raad B.ullders, Ayes; Beer,
AVt xten Magers Orro, and Wath
�vrT�ht Motlan:carr1ed, ':
}:❑r Rabe stated that he has all hui -
onthe requlired slgnatures for the
rlroIbaMeasernenf agreements ifor;the'-:
tWo-;pr❑perfles.near Hawk's 'Rldse
I Park:::
Motioned bY'Mag6omv, seea Had ,s This instrument was acknowledged by Dave Storey
Walntivrlghi 1a apprsw8 the Hawk"s
Ridge:: Parti p:r❑posal fr9m, Dave
Sghmidt cdnsir �rl9n �en,am'g �ettin before me on September 8th, 2010
the Iasi sl9nalure on Iha raggired drab
nage:aeSernpot;pgreemel~ts Ayes:
Beer,'. Frioden, Mai r7�ib, an
Wainwright 7vlotl❑x,carF)ed d
Mara Ma0h dibc ss d fha nips ofr 1 �.
Horl49n Ayenua. Thera era caused by - ✓
the ground set#Iinp in tha,areas of the ;
serwlce tines 140der�ne'sir1 '
J❑Ann Beer°informed :Lunn Miller Notary Public in and for the State of Iowa
that adlghl is 60 In the north otrvway
area...-JoAnn;Will have staftie nlacl.-the.
to. sra.Or a 0 L Win. one ;more .
tree.
:rgthia Stimson asked i�b❑u1 WS
trainins
I gtM
roned by agers, seconded by.`.
Offr'.t.o #ourh the;meelim ''Ayes:
lBeer,"' Frl.eden,:.. ito, Magers, and
Watawri4ht::Mgtlon carried:
Mayor Rabe adjourned 11he meeting
a17,43 PAV1. _
Avtayor Jason.RaiseOia_���,���
City ClerklTreasurer Cynthia-Siimson
Disclaimer. The toren minutes are 4 from ni ioil NUmber7a3222
not oHlciat until approvedved by the City
Coq�ncil
�y Cotrimissiui7 EXOM�:
� I