Resolutions-2015-078

Tiffin / 436989- 13 / Set Hrg GO AA LAs ( rr) RESOLUTION NO. 078 Resolution setting the date for additional action on proposal to enter into General Obligation Loan Agreement and to borrow money thereunder WHEREAS, the City of Tiffin ( the " City"), in the County of Johnson, State of Iowa, proposes to enter into a General Obligation Land Acquisition Loan Agreement ( the " Land Acquisition Loan Agreement") and to borrow money thereunder in a principal amount not to exceed $ 260, 000, pursuant to the provisions of Section 384. 24A of the Code of Iowa, for the purpose of paying the costs, to that extent, of acquiring land for future municipal uses, and in lieu of calling an election thereon, the City desires to institute proceedings to enter into the Land Acquisition Loan Agreement by causing a notice of such proposal to be published, including notice of the right to petition for an election, under the provisions of Section 384. 26 of the Code of Iowa; and it is now necessary to fix a date of meeting of the City Council at which it is proposed to take action to enter into the Land Acquisition 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 Tiffin, Iowa, as follows: Section 1. The City Council shall meet on June 10, 2015, at the City Hall Council Chambers, Tiffin, Iowa, at seven o' clock p. m., at which time and place a hearing will be held and proceedings will be instituted and action taken to enter into the Land Acquisition Loan Agreement. Section 2.The City Clerk is hereby directed to give notice of the proposed action on the Land Acquisition 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 10 and not more than 20 days before the date selected for the meeting, in a legal newspaper which has a general circulation in the City. The notice shall be in substantially the following form: 2- DORSEY & WHITNEY LLP, ATTORNEYS, DES MOINES, IOWA