Resolutions-2015-065

STATE OF IOWA Counties of Linn and Johnson ss. I, James Burke, do state that I am the publisher of THE GAZETTE, a daily newspaper of general circulation in Linn and Johnson Counties, in Iowa. The notice, a printed copy of which is attached, was inserted and published in THE GAZETTE newspaper in the issue( s) of May 29, 2015. NOTICE OF PROPOSEIP ACTION TI UT DIKGS EEME A)l/ OM ROW MONEY TNER V R„ The reasonable fee for publishing said notice is A PRINCIPAL EXCEED $ 400, 060 157. 94. GENERAL OBLIGATION) The City Council of the City of Tif- fin, Iowa, will meet on June 10, 2015, at the C) Ty, ball Council Chambers' Tiffin, Iowa, at, seven o' clock p. m.," for the purpose of In- stituting proceedings and taking action on a proposal to enter into a loan agement re ( the ' Loan Agree- gree- men) ment' and to borrow money thereunder in a principal not to exceed $ 400, 000 for amount the pur- 7/v) pose of paying the cost, to that ex- tent, of constructing municipal rec- reation trail improvements. The Loan Agreement Is proposed to be entered Into pursu&Dt to au- thority contained in Sectidg iR1111A of the code of Iowa and will consti- This instrument was acknowledged g b y James Burke tute a general obilgotiop of., Some or all of The l. Itko principal under the Loan Loan Agree- before me on May 29, 2015. ment may be made sublect to an- nual appropriation by the City Council The maximum rate of interest which may be payable under the Loan Agreement is 7% per annum. At any time before the date fixed for taking action to enter into the Loan Agreement, a petition may. be filed with the Interim City Clerk NotaryPublic in and for th e State of Iowa of the City asking th the question of entering into tl*.' n Agree- ment be submitted to the regis- tered voters of the City, pursuant to the provisions of Section 584. 26 of the Code of Iowa. By order of tM ON Council of the Cify of Tiffin, Iowa. Tim Long, Interim City Clerk P0.P0.1A1A SS Sandra Sandra K.K. Smith Smith Commission Commission Number Number 753223 753223 My My Commission Commission Expires:Expires: OwPOwP JuneJune 11,11, 20172017