Resolutions-2017-092

DocuSign Envelope ID: 815EAC64- 0721-4EBA-AC68-C85DEE52C31B Tiffin /436989-22 /SetHrgGOLAs (partrr) NOTICE OFPROPOSED ACTION TOINSTITUTE PROCEEDINGS TO ENTER INTO ALOAN AGREEMENT AND TOBORROW MONEY THEREUNDER INAPRINCIPAL AMOUNT NOT TOEXCEED $4,650,000 GENERAL OBLIGATION) attheCity Council Chambers Tiffin, Iowa, at . m.,forthepurpose ofinstituting forthe purpose ofpaying thecosts, tothatextent, of 1 ( )constructing street, water system, storm water drainage, sanitary sewer system and sidewalk improvements; and (2)installing street lighting andstreet signalization. TheLoan Agreement isproposed tobeentered into pursuant toauthority contained in Section 384.24AoftheCode ofIowa andwillconstitute ageneral obligation oftheCity. Atthat time andplace, oral orwritten objections may befiled ormade totheproposal to enter into theLoan Agreement. After receiving objections, theCity may determine toenter into the Loan Agreement, inwhich case, the decision will befinal unless appealed totheDistrict Court within fifteen (15) days thereafter. Byorder oftheCity Council oftheCity ofTiffin, Iowa. Ashely Jay Platz City Clerk 4- DORSEY & WHITNEY LLP,ATTORNEYS, DESMOINES, IOWA