Resolutions-2017-092

DocuSign Envelope ID: 815EAC64- 0721-4EBA-AC68-C85DEE52C31B Tiffin /436989-22 /SetHrgGOLAs (partrr) RESOLUTION NO. 2017-092 Resolution setting the date forpublic hearings andadditional action onproposals to enter intoGeneral Obligation Loan Agreements andtoborrow money thereunder sonCounty, State ofIowa, pursuant to theprovisions ofSection 384.24A oftheCode ofIowa, proposes toenter into aloanagreement and toborrow money thereunder inaprincipal amount nottoexceed $4,650,000 for thepurpose ofpaying thecosts, tothat extent, of (1) constructing street, water system, storm water drainage, sanitary sewer system and sidewalk improvements; and (2)installing street lighting and street signalization (collectively, the which itisproposed totake action toenter into theEssential Purpose Loan Agreement andto give notice thereof asrequired bysuch law; and WHEREAS, the City also propo 150,000, pursuant totheprovisions ofSection 384.24A oftheCode ofIowa, forthe purpose of paying thecosts, tothat extent, of acquiring real estate forpublic uses, including fireprotection services atwhich itisproposed totake action toenter into theGeneral Purpose Loan Agreement #1and togivenotice thereof asrequired bysuch law, including notice oftheright topetition foran election onsuch proposal; and Loan Agreemen 230,000, pursuant totheprovisions ofSection 384.24A oftheCode ofIowa, forthe purpose of paying thecosts, tothat extent, ofconstructing parking improvements forthe municipal baseball andsoccer recreational facilities meeting ofthe City Council atwhich itisproposed totake action toenter intothe General Purpose Loan Agreement #2andtogive notice thereof asrequired bysuch law, including notice ofthe right topetition foranelection onsuch proposal; and Agreement, the General Purpose Loan Agreement #1,theGeneral Purpose Loan Agreement #2and theGeneral Purpose Loan money thereunder inaprincipal amount not toexceed $245,000, pursuant totheprovisions of Section 384.24A oftheCode ofIowa, forthe purpose ofpaying the costs, tothatextent, of constructing recreation trails theLand Project, theParking Project andtheTrail Project aresometimes referred tohereinafter isproposed totakeaction toenter into theGeneral Purpose Loan Agreement # 3andtogive notice thereof asrequired bysuch law, including notice oftheright topetition for anelection on such proposal; 2- DORSEY & WHITNEY LLP,ATTORNEYS, DESMOINES, IOWA