Resolutions-2017-105

MINUTES FOR HEARINGS AND ADDITIONAL ACTION ON ENTERING INTO LOAN AGREEMENTS AND COMBINING LOAN AGREEMENTS 436989-22 Tiffin, Iowa November 7, 2017 The City Council of the City of Tiffin, Iowa, met on November 7, 2017, at 7:03 p.m., at the Springmier Library, in the City. The Mayor presided and the roll was called showing the following members of the City Council present and absent: Present: Upton, Bartles, Havens, Ryan, Kahler Absent: None This being the time and place specified for taking action on the proposal to enter into the General Purpose Loan Agreement #1 in a principal amount not to exceed $150,000, the City Clerk announced that no written petition had been filed asking that the question of entering into the 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 declared the public hearing closed. This also being the time and place specified for taking action on the proposal to enter into the General Purpose Loan Agreement #2 and to borrow money thereunder in a principal amount not to exceed $230,000, the City Clerk announced that no written petition had been filed asking that the question of entering into the 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 declared the public hearing closed. This also being the time and place specified for taking action on the proposal to enter into the General Purpose Loan Agreement #3 and to borrow money thereunder in a principal amount not to exceed $245,000, the City Clerk announced that no written petition had been filed asking that the question of entering into the 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 declared the public hearing closed.