Resolutions-2015-083 (2)

Tiffin / 436989- 13 / Hrg & Combine LAs This also being the time and place specified for taking action on the proposal to enter into a Land Acquisition Loan Agreement and to borrow money thereunder in a principal amount not to 260, 000, the City Clerk announced that no petition had been filed asking that the exceed $ 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. After due consideration and discussion, Council Member Ryan introduced the following resolution and moved its adoption, seconded by Council Member Kahler. The Mayor put the question upon the adoption of said resolution, and the roll being called, the following Council Members voted: Ayes: Al Havens Joan Kahler, Michael Ryan, James Bartels, Peggy Upton Nays: None. Whereupon, the Mayor declared the resolution duly adopted, as hereinafter set out. At the conclusion of the meeting and upon motion and vote, the City Council adjourned. Mayor Attest: City ClerV 2- DORSEY & WHITNEY LLP, ATTORNEYS, DES MOINES, IOWA