Minutes-9/8/1999

NOTICE OF PROPOSED ACTION TO INSTITUTE PROCEEDINGS TO BORROW MONEY AND ENTER INTO A LOAN AND DISBURSEMENT AGREEMENT IN A PRINCIPAL AMOUNT NOT TO EXCEED $1,078,685 (GENERAL OBLIGATION) The City Council of the City of Tiffin, Iowa, will meet on the 9th day of September, 1999, at the Tiffin Five Station, in the City, at 6:30 o'clock P.M., for the purpose of instituting proceedings and taking action to enter into a loan and disbursement agreement (the "Agreement") and borrow money in a principal amount not to exceed $1,078,685 for the purpose of paying the cost, to that extent, of constructing works and facilities useful for the collection, treatment and disposal of sewage and industrial wastes in a sanitary manner. The Agreement will constitute a general obligation of the City and is proposed to be entered into pursuant to authority contained in Section 384.24A of the Code of Iowa. At the aforementioned time and place, oral or written objections may be filed or made to the proposal to enter into the Agreement. After receiving objections, the City may determine to enter into the 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 Tiffin, Iowa. Margaret B. Reihman City Clerk