Resolutions-2017-103

DocuSign Envelope ID: 8D4C8393- 7FB7-4314-B4C9-D8705A4879F0 Tiffin /436989-22 /SetHrgGOLAs (rr) RESOLUTION NO. 2017-103 Resolution setting the date forpublic hearings andadditional action onproposals to enter intoGeneral Obligation Loan Agreements andtoborrow money thereunder onCounty, State ofIowa, pursuant to theprovisions ofSection 384.24A oftheCode ofIowa, proposes toenter into aloanagreement amount nottoexceed $150,000, pursuant totheprovisions ofSection 384.24A oftheCode of Iowa, for thepurpose ofpaying the costs, tothat extent, of acquiring real estate for public uses, including fireprotection services meeting ofthe City Council atwhich itisproposed totake action toenter intothe General Purpose Loan Agreement #1andtogive notice thereof asrequired bysuch law, including notice oftheright topetition foranelection onsuch proposal; and WHERE 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 oftheCity Council atwhich itisproposed totake action toenter into the General Purpose Loan Agreement #2andtogive notice thereof asrequired bysuch law, including notice ofthe right topetition foranelection onsuch proposal; and WHEREAS, theCity also proposes toenter into a Purpose Loan Agreement #2and theGeneral Purpose Loan Agreement #3aresometimes ndtoborrow money thereunder inaprincipal amount nottoexceed $245,000, pursuant totheprovisions ofSection 384.24A oftheCode of Iowa, for thepurpose ofpaying the costs, tothat extent, of constructing recreation trails (the lectively, theLand Project, theParking Project andtheTrail Project are meeting ofthe City Council atwhich itisproposed totake action toenter into the General Purpose Loan Agreement #3andtogive notice thereof asrequired bysuch law, including notice ofthe right topetition foranelection onsuch proposal; NOW, THEREFORE, BeItResolved bytheCity Council oftheCity ofTiffin, Iowa, as follows: Section 1. This City Council shall meet onNovember 7,2017, attheCity Hall Council Chambers, Tiffin, Iowa, at . m.,atwhich time andplace hearings will be held and proceedings will beinstituted and action taken toenter into theLoan Agreements described inthepreamble hereof. 2- DORSEY & WHITNEY LLP,ATTORNEYS, DESMOINES, IOWA