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 PROPOSED ACTION TO INSTITUTE PROCEEDINGS TO ENTER INTO A LOAN AGREEMENT AND TO BOR- The reasonable fee for publishing said notice is ROW MONEY THEREUNDER IN A PRINCIPAL AMOUNT NOT TO 157. 94. EXCEED $400, 000 GENERAL OBLIGATION) The City Council of the City of Tif- fin, Iowa, . 111 meet on June 10, 2015, at the City Mali Council Chambers Tiffin, Lowe, 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- ment° and to borrow money thereunder in a principal amount not to exceed $400, 000 for the pur- pose of paying the cost, to that ex- tent, of developing and equipping new municipal parks. The Loan Agreement is proposed to be entered into pursuant to au- thority contained In Section 384. 24A of the Code of Iowa and will consti- This instrument was acknowledged by James Burke tute a general obligation, of the City. Some or all Of the repayment of principal under the Loan Agree -- before me on May 29, 2015. may be made subiect to an- nual appropriation ' by the City Council. ja4tz4uui The maximum rate of Interest which may be payable under the I 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 Notary Public in and for the State of Iowa of the City asking that the question of entering into the Loan Agree- ment be submitted to the regis- tered voters of the City, pursuant to the provisions of Section 384. 26 of the Code of Iowa. By order of the City Council of the Tim Long, 1h = City Clerk Sandra K. NumberS El Commission 7 Expires: June 11, 2017