Resolutions-2015-083 (2)

Tiffin / 436989- 13 / Hrg & Combine LAs MINUTES FOR HEARING ON LOAN AGREEMENT AND TO COMBINE LOAN AGREEMENTS B&Z -30M Tiffin, Iowa June 10, 2015 The City Council of the City of Tiffin, Iowa, met on June 10, 2015, at seven o' clock p.m., at the Council Chambers, City Hall, Tiffin, Iowa. The meeting was called to order by the Mayor, and the roll was called showing the following members of the City Council present and absent: Present: Al Havens, Joan Kahler, Michael Ryan, James Bartels, Peggy Upton Absent: None. This being the time and place specified for taking action on the proposal to enter into an Essential Purpose Loan Agreement in a principal amount not to exceed $ 6, 500, 000, the City Clerk announced that no written objections had been placed on file. Whereupon, the Mayor called for any written or oral objections, and there being none, the Mayor closed the public hearing. This also being the time and place specified for taking action on the proposal to enter into a Municipal Park Loan Agreement and to borrow money thereunder in a principal amount not to exceed $ 400, 000, the City Clerk announced that no petition had been filed asking that the question of entering into said Loan Agreement be submitted to the registered voters of the City, and that the City Council may proceed with the authorization of the loan agreement. Whereupon, the Mayor called for any written or oral objections, and there being none, the Mayor closed the public hearing. This also being the time and place specified for taking action on the proposal to enter into a Trail Improvements Loan Agreement and to borrow money thereunder in a principal amount not to exceed $ 400, 000, the City Clerk announced that no petition had been filed asking that the question of entering into said Loan Agreement be submitted to the registered voters of the City, and that the City Council may proceed with the authorization of the loan agreement. Whereupon, the Mayor called for any written or oral objections, and there being none, the Mayor closed the public hearing. This also being the time and place specified for taking action on the proposal to enter into an Economic Development Loan Agreement and to borrow money thereunder in a principal amount not to exceed $ 140, 000, the City Clerk announced that no petition had been filed asking that the question of entering into said Loan Agreement be submitted to the registered voters of the City, and that the City Council may proceed with the authorization of the loan agreement. 1- DORSEY & WHITNEY LLP, ATTORNEYS, DES MOINES, IOWA