Resolutions-2022-025

MINUTES FOR HEARINGS AND ADDITIONAL ACTION ON ENTERING INTO LOAN AGREEMENTS 436989-37 Tiffin, Iowa March 15, 2022 The City Council of the City of Tiffin, Iowa, met on March 15, 2022, at 7 p.m., at the Tiffin City Hall Council Chambers, in the City. The Mayor presided and the roll was called showing the following members of the City Council present and absent: Present: Havens, Orris, Olney, Schnedler, Limkemann. Absent: None. This being the time and place specified for taking action on the proposal to enter into an Essential Purpose Loan Agreement (as defined in the attached Resolution) and to borrow money thereunder in a principal amount not to exceed $600,000, the City Clerk announced that no written objections had been placed on file. Whereupon, the Mayor called for any written or oral objections, and there being none, the Mayor closed the public hearing. This also being the time and place specified for taking action on the proposal to enter into the Urban Renewal Loan Agreement (as defined in the attached Resolution) and to borrow money thereunder in a principal amount not to exceed $1,600,000, the City Clerk announced that no written petition had been filed asking that the question of entering into such 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. After due consideration and discussion, Council Member Havens introduced the following resolution and moved its adoption, seconded by Council Member Limkemann. The Mayor put the question upon the adoption of said resolution, and the roll being called, the following Council Members voted: Ayes: Olney, Orris, Schnedler, Havens, Limkemann. Nays: None. Whereupon, the Mayor declared the resolution duly adopted, as hereinafter set out.