Resolutions-2017-013

March 2, 2017 VIA EMAIL Doug Boldt City Administrator/City Hall Tiffin, IA Re: $150,000 SRF Planning and Design Loan File No. 436989-18 Dear Doug: We have prepared and attach proceedings to be used at the March 7, 2017 City Council meeting to enable the Council to hold the hearing on and authorize the Sewer Revenue Loan and Disbursement Agreement (the “Agreement”) to be entered into in the future. These proceedings will also facilitate the City borrowing the Planning and Design Loan money through the issuance of a Project Note. The proceedings attached include the following items: 1. Minutes of the March 7, 2017 meeting reflecting the hearing and providing for the adoption of a resolution (the “Resolution”) authorizing and approving the Agreement and providing for the issuance of the Project Note. 2. Certificate attesting to the transcript. 3. The Project Note. Please have the Project Note executed as indicated, and return the original copy to us. On March 7, 2017, the City Council should meet as scheduled and conduct the hearing. The minutes as drafted assume that no objections will be filed or made. The City Council may then proceed with the adoption of the attached Resolution. All members of the City Council present should vote upon the adoption of the Resolution, and the vote of each member should be called and recorded by name. Please return one executed copy of these proceedings, along with the original Project Note, to our office as soon as possible.