Resolutions-2019-083

Tiffin/ 436989 2-5/ Set 1 60 C P 1, A RESOLUTION ' N0. 2019- 083 Rmwhdkm soting Par hearing on proposal H) enter into a the & A as public Gen. cral Obligation ( Ag1wate 11rpme Loan Agreernent and to borrow moncy dunvunder V a 1whidpal Hnu) unt M to exceed $ 4QO% 000 VVI IER Mlt the (.', ity ol" Tiern ( the " 00" I hi Muson Cluny, sho or im, lmvposes h) enUn, ink) a loan agremnent ahe " Wan Agmemeni"), Inirsuant to the pro0sions of Section 84. 244 of the Codc oflo=, and to txwn) w money thereinxier in as ptincipa] mnowit not to exceed SQ0%000 Rw the pumose or payng the coMq yds Out extenn of constni.edrig street, storm % vatcr drainaly, sideivalk, sanitary sewer' and water systcni hnpmvcmmAs and acWAdng and Stodling street lij,?, hting, signalizaflorn and signage Ohe MOWs" I and it is now neccssary to prix as date ofinecting dap the (, ity (, ouncil at wh1h it is proposed to take action to enter into the Is unn Agvement and lo givt Mice MW as rquked by sudi law; NOW, 1111MIDURE, Be It Resolved by HH: City WWI of the My of- HRI Iowa, as Ii.)flows: Section 1. " I' llis (. Jt'y (" ounlc' il shoal mect on July 2, 20] 9, ,-it the Fifflin Cily lkafl WWI Mambers , 111%, Iowa, at 7o' dock jimi, at which time and Iflacc: an hearing vvdl be hoold Hjul proweedings wfll 1,) e iristitulcd and action taken to cnict, into the Mm Agreement described in lfida prearnble hereof S' cc,tion 2. Ilic ( At (let k hmvby diwmd U) give notice of the rwoposed action on thc-, Loan Agreement setting Wrth the unwunt and pury)sc thorcof., the firne wh.en and place whmv the Wd imxUng " Al be held by/ pi.iblication at least once, not Icss than Sur ( 4) and not Woodard., thmi monty ( 20) days bel'bre the datc, of said mccling, in as legal tic", spaper NvIlich has an. gencral circulation in the Uty. 11te notice shaIl he in substantially the l'oflowing Ynt 2 MRSEY&, 1- d1 O i"' EY TAJI, Al MRr' JFVSL') 4, S 1\/ 1M', TS, It NYA