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1978-11-21 Correspondence
I• uiu Ut iL Lu BY JORM MICROLAB CEDAR RAPIDS AND DES PA.IJT, D. SI'111ilt S✓IJJ Oci rc,G':), ,.��Itf.. MUNICIPAL FINANCE CONSULTANTS PAUL D. SPEER.P..I.DE.T ELWOOD BARCE THOMASE.COUGHLAN PAUL D.(PETE)SPEER.JR BRENDA N. WAI DIU LIS IIlU%O, U![iGi V�V �V LAWRENCE J. R IMMER w'/.i[PLD O,IOWa SO,O] AREA 312 FINANCIAL 6-005a Ivo)]as•,am November 21, 1978 The Honorable Mayor and City Council Civic Center Iowa City, Iowa 52240 Gentlemen: Bids were received today covering $5,200,000 City of Iowa City, Iowa, Parking Facilities Revenue Bonds, Series 1978. There were bids received which are listed at the bottom of this letter in accordance with the attached signed bids. There were oral bids received. Upon examination, it is our opinion that the bid of Is the best bid received, and it is further our opinion that it is favorable to the City and should be accepted. We therefore recommend that the bonds be awarded to that bidder at the coupon rates and premium specified In the bid, being at a net interest rate of $. Net Interest Account Managers Rate Bear, Stearns L Co. and W. H. Morton 6 Co., Inc. ......... %o 6a % )Carleton D. Beh Co. ... ...... •.• G17971. % >John Nuveen c Co., Inc. and Associates -. 6 (o4sE9 $ Salomon Brothers Ck,tar)� ....... ... o. %- ,Wauterlek E Brown, Inc. and Miller L Schroeder Municipals, Inc. and Associates ............. /„•5863S75 % PDS:mk Respectfully submitted, PAUL D. SPEER E Associates, Inc. ESTABLISHED 1954 tdICROPI LIdED 6Y , JCRM .MICR+LAB , CEDAR RAPIDS • DES MOINES President miwwU [U -ILD BY JORM I.IICROLAB CEDAR RAPIDS AND DES MOINES, IO'd i S-3 a,9c 7 Co�/3 3 8 il .. -. '/ .II /� .y N2f 1. `obl �7 7 I i a: i I i t . i I j MICROFILMED BY DORM MICR+LAB CEDAR RAPIDS • DES MOINES . I•)Lld(LIr ILmru BY JORM i•1ICROLAB CEDAR RAPIDS AND DES I� P.tul. D. tiler:r•.0 l ) � C)�(il}NLialal, %jEf.. MUNICIPAL FINANCE CONSULTANTS PAUL D. SPEER.Pn[51o,mT ELWOOD DARCE THOMAS E.COUGHLAN PAUL D.(PETE) SPEER,JR BRENDA N. WAIDZUU5 LAWRENCEJ. RIMMER WATCPLOO. IOWA 50703 (31023"•7... The Honorable Mayor and City Council Civic Center Iowa City, Iowa 52240 Gentlemen: XWI WI AREA 312 rINANCIAL B'0058 November 21, 1978 Bids were received today covering $5,200,000 City of Iow��a//City, Iowa, Parking Facilities Revenue Bonds, Series 1978. There were 7iLyIR�• bids received which are listed at the bottom of this letter in accordance with the attached signed bids. There were dqo oral bids r/eceived. (� �1pon exa I�i ti jf, i 1 our'opi ion that t e bid oftV—zr'4 J� � le1<'t.hl� ,7�t�c.Qv{�..r,Lj)A,/�L, Is the best bid received, and it is further our opinion that it is favorable to the City and should be accepted. We therefore recommend that the bonds be awarded to that bidder at the coupon rates and premium specified in the bid, being at a net interest rate of1903-5-70- Net Interest Account Managers Rate Bear, Stearns G Co. and W. H. Mortonppps Co., Inc. kLo k1�. % Carleton D. Beh .... {r �. ),9. .. , John Nuveen 6 Co. , Co., nc li>1 i(sGti t�. ... $ Salomon Brothers .......................................... J�� Wauterlek E Brown, Inc. and Miller E Schroeder Municipals, Inc. and Associates .........................�„i f �.f % % 2 Respectfully submitted, PAUL D. SPEER E Associates, Inc. Presider{t/ PDS:mk 1/ ESTABLISHED 1954 1 MICROFILMED BY JORM MICR+LAB CEDAR RAPIDS • DES MOINES I' 1 i, I !!I I I•)Lld(LIr ILmru BY JORM i•1ICROLAB CEDAR RAPIDS AND DES I� P.tul. D. tiler:r•.0 l ) � C)�(il}NLialal, %jEf.. MUNICIPAL FINANCE CONSULTANTS PAUL D. SPEER.Pn[51o,mT ELWOOD DARCE THOMAS E.COUGHLAN PAUL D.(PETE) SPEER,JR BRENDA N. WAIDZUU5 LAWRENCEJ. RIMMER WATCPLOO. IOWA 50703 (31023"•7... The Honorable Mayor and City Council Civic Center Iowa City, Iowa 52240 Gentlemen: XWI WI AREA 312 rINANCIAL B'0058 November 21, 1978 Bids were received today covering $5,200,000 City of Iow��a//City, Iowa, Parking Facilities Revenue Bonds, Series 1978. There were 7iLyIR�• bids received which are listed at the bottom of this letter in accordance with the attached signed bids. There were dqo oral bids r/eceived. (� �1pon exa I�i ti jf, i 1 our'opi ion that t e bid oftV—zr'4 J� � le1<'t.hl� ,7�t�c.Qv{�..r,Lj)A,/�L, Is the best bid received, and it is further our opinion that it is favorable to the City and should be accepted. We therefore recommend that the bonds be awarded to that bidder at the coupon rates and premium specified in the bid, being at a net interest rate of1903-5-70- Net Interest Account Managers Rate Bear, Stearns G Co. and W. H. Mortonppps Co., Inc. kLo k1�. % Carleton D. Beh .... {r �. ),9. .. , John Nuveen 6 Co. , Co., nc li>1 i(sGti t�. ... $ Salomon Brothers .......................................... J�� Wauterlek E Brown, Inc. and Miller E Schroeder Municipals, Inc. and Associates .........................�„i f �.f % % 2 Respectfully submitted, PAUL D. SPEER E Associates, Inc. Presider{t/ PDS:mk 1/ ESTABLISHED 1954 1 MICROFILMED BY JORM MICR+LAB CEDAR RAPIDS • DES MOINES M LItUF iLt4Lu BY JOR14 141CROLAB • CEDAR RAPIDS AND DES MOI NES, 1041 4 The meeting was called to order by •r Mayor, and on roll call the following Council Members were open bids were then called for and the best open bid I received was as follows: �/% Name & Address of Bidder: "/ /�.Cti2 Net Interest Rate: Net Interest Cost: _p_ AHLERS. COONEY. DORWEILER, HAYNICA SMITH. LAWYERS. DES MOINES, IOWA MICROf1LNED BY JORM MICR +LAO CEDAR RAPIDS DES MOINES I.1lLJWiiLI'ILu BY JORM I•IICROLAB CEDAR RAPIDS AND Whereupon, the sealed bids were opened and the b sealed bid was as follows: Q�— �;� CT ^" Name 6 Address of Bidder: Net Interest Rate: C7r J)U 3 jJ— Net Interest Cost: J 7 1 �/lq ` s Council Member introduced the following Resolution entitle RESOLUTION DIRECTING SALE OF $5,200,000 PARKING FACILITIES REVENUE BONDS", and moved its adoption. Council Member seconded the motion to adopt. The roff—w—as--ca-M7 and t e vote was, AYES: i .. i NAYS: Whereupon, the Mayor declared the following Resolution duly adopted: { RESOLUTION DIRECTING SALE', OF $5,200,000 PARKING F FACILITIES REVENUE BONDS q WHEREAS, pursuant to notice as required by law, bids have been received at public sale for the bonds described as follows and the best bid received is determined to be the j following: PARKING FACILITIES REVENUE BONDS: Bidder: of the terms of said bi bei/ng:: i -3- AHLERS• COONEY. DORWLILER. HAYNIE &SMITH. LAWYERS. DES MOINES. IOWA I MICROFILMED BY JORM MIC:R+LA6 CEDAR RAPIDS • DES MOINES MiLi4UI ILi'ILU BY JORM PIICROLAB CEDAR RAPIDS AND NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF IOWA CITY, IOWA: Section 1. That the bid for the bonds as above set out ! is hereby determined to be the best and most favorable bid received and, said bonds are hereby awarded based on said bid. Section 2. That the form of contract for the sale of said bonds is hereby approved and the Mayor and Clerk are hereby authorized to execute the same on behalf of the City. PASSED AND APPROVED, this day of , 1978. Mayor i' ATTEST: i Clerk , -4- ANLFRE, COONEY. DORWEILER. HAYNIEA SMITN. LAWYERS. DEE MOIN CO. IOWA I MICROFILMED BY { JORM MICRfj1LAB I. CEDAR RAPIDS • DES MOINES c I CEDAR RAPIDS AND NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF IOWA CITY, IOWA: Section 1. That the bid for the bonds as above set out ! is hereby determined to be the best and most favorable bid received and, said bonds are hereby awarded based on said bid. Section 2. That the form of contract for the sale of said bonds is hereby approved and the Mayor and Clerk are hereby authorized to execute the same on behalf of the City. PASSED AND APPROVED, this day of , 1978. Mayor i' ATTEST: i Clerk , -4- ANLFRE, COONEY. DORWEILER. HAYNIEA SMITN. LAWYERS. DEE MOIN CO. IOWA I MICROFILMED BY { JORM MICRfj1LAB I. CEDAR RAPIDS • DES MOINES I NiL,iWH 4EU BY JORM MICROLAB CEDAR RAPIDS AND DES November 21 1978 The Council of Iowa City, Iowa, met on the above date, in adjourned session, pursuant to law and the rules of said Councii and in accordance with the terms of a Notice of Meeting, a copy of which was served on each member of the Council and accepted in writing by each member thereof, said Notice of Meeting being as follows: NOTICE November 21 , 1978 TO: John Balmer, Carol deProsse, Clemens Erdahl, Mary Neuhauser, David Perret, Glenn Roberts Council Members Iowa City, Iowa You are hereby notified that a meeting of the November above Council will be held on the 21st y of 1978, at the Council Chambers, Civic Center, Iowa City, Iowa, at 1:00 o'clock P.M., for the purpose of adopting a Resolution Directing the Sale of $5,2001000 Parking Facilities Revenue Bonds, and for such other business in connection therewith as may come before the meeting. Respectfully submitted, 04//c�i�iee Mayor Service of the foregoing notice is hereby acknowledged: /s/John Balmer /s/Carol deProsse /s/Clemens Erdahl /s/Mary Neuhauser /s/David Perret /s/Glenn Roberts -1- ANLERS, COONEY. DORWEILER, HAYNIE 6 SMITH, LAWYERS, DEB MOINES. IOWA Y-!.MICRO—FILMED BY JORM MICR+LAB L CEDAR RAPIDS - DES MOINES �. Z 12-9 i i I I ,i i `I NiL,iWH 4EU BY JORM MICROLAB CEDAR RAPIDS AND DES November 21 1978 The Council of Iowa City, Iowa, met on the above date, in adjourned session, pursuant to law and the rules of said Councii and in accordance with the terms of a Notice of Meeting, a copy of which was served on each member of the Council and accepted in writing by each member thereof, said Notice of Meeting being as follows: NOTICE November 21 , 1978 TO: John Balmer, Carol deProsse, Clemens Erdahl, Mary Neuhauser, David Perret, Glenn Roberts Council Members Iowa City, Iowa You are hereby notified that a meeting of the November above Council will be held on the 21st y of 1978, at the Council Chambers, Civic Center, Iowa City, Iowa, at 1:00 o'clock P.M., for the purpose of adopting a Resolution Directing the Sale of $5,2001000 Parking Facilities Revenue Bonds, and for such other business in connection therewith as may come before the meeting. Respectfully submitted, 04//c�i�iee Mayor Service of the foregoing notice is hereby acknowledged: /s/John Balmer /s/Carol deProsse /s/Clemens Erdahl /s/Mary Neuhauser /s/David Perret /s/Glenn Roberts -1- ANLERS, COONEY. DORWEILER, HAYNIE 6 SMITH, LAWYERS, DEB MOINES. IOWA Y-!.MICRO—FILMED BY JORM MICR+LAB L CEDAR RAPIDS - DES MOINES �. Z 12-9 NiutOf"iLMLO BY JORM 141CROLAB CEDAR RAPIDS AND v The meeting was called to order by Robert A. Vevera Mayor, and on roll call the following Council Members were present: Balmer, deProsse Neuhauser, Roberts, Vevera Absent: Erdahl, Perret The Mayor announced that this being the time and place for the opening of bids for the sale of $5,200,000 Parking Facilities Revenue Bonds, the meeting was thrown open for the receipt of bids for said bonds. The following sealed bids were received and not opened: Name & Address of Bidders: Carleton D. Beh Co., Des Moines John Nuveen & Co., Inc. and Associates, Chicago Wauterlek & Brown, Inc., Chicago, and Miller & Schroeder Municipals, Inc. and Associates, Minneapolis open bids were then called for and the best open bid received was as follows: Name & Address of Bidder: None Net Interest Rate: Net Interest Cost: _2_ AHLERS. COONEY. DORWEILER. HAYNIE A SMITH. LAWYERS, DES MOINES. IOWA 7 141CROFILMED 8Y 1 DORM MICR6LAB I I CEDAR RAPIDS • DES MOINES i i i i 1 i NiutOf"iLMLO BY JORM 141CROLAB CEDAR RAPIDS AND v The meeting was called to order by Robert A. Vevera Mayor, and on roll call the following Council Members were present: Balmer, deProsse Neuhauser, Roberts, Vevera Absent: Erdahl, Perret The Mayor announced that this being the time and place for the opening of bids for the sale of $5,200,000 Parking Facilities Revenue Bonds, the meeting was thrown open for the receipt of bids for said bonds. The following sealed bids were received and not opened: Name & Address of Bidders: Carleton D. Beh Co., Des Moines John Nuveen & Co., Inc. and Associates, Chicago Wauterlek & Brown, Inc., Chicago, and Miller & Schroeder Municipals, Inc. and Associates, Minneapolis open bids were then called for and the best open bid received was as follows: Name & Address of Bidder: None Net Interest Rate: Net Interest Cost: _2_ AHLERS. COONEY. DORWEILER. HAYNIE A SMITH. LAWYERS, DES MOINES. IOWA 7 141CROFILMED 8Y 1 DORM MICR6LAB I I CEDAR RAPIDS • DES MOINES I•Ii.WW1ILMED BY JORM MICROLAB CEDAR RAPIDS AND DE Whereupon, the sealed bids were opened and the best sealed bid was as follows: Wauterlek & Brown, Inc., Chicago, and Miller Name & Address of Bidder: & Schroeder Municipals, Inc. and Associates, Inneapo is Net interest Rate: 6.5803575% Net Interest Cost: $5,717,889.58 Council Member Balmer introduced the following Resolution entitled RESOLUTION DIRECTING SALE OF $5,200,000 PARKING FACILITIES REVENUE BONDS", and moved its adoption. Council Member Roberts seconded the motion to adopt. The roll was called and the vote was, AYES: Balmer, deProsse, Neuhauser, Roberts, Vevera NAYS: None Whereupon, the Mayor declared the following Resolution duly adopted: RESOLUTION N0. 78-490 RESOLUTION DIRECTING SALE OF $5,200,000 PARKING FACILITIES REVENUE BONDS WHEREAS, pursuant to notice as required by law, bids have been received at public sale for the bonds described as follows and the best bid received is determined to be the following: PARKING FACILITIES REVENUE BONDS: Wauterlek & Brown, Inc., Chicago,and Miller & Schroeder Bidder: Municipals, Inc. and Associates of Minneapolis the terms of said bid being: as attached -3- AHLERS. GOONEY. DORWEILER. HAYNIE 6 SMITH, LAWYERS, DEB MOINES. IOWA Id]LROFILMED BY �$ JORM MICR+LAB i CEDAR RAPIDS • DES MOINES i i I i!! CEDAR RAPIDS AND DE Whereupon, the sealed bids were opened and the best sealed bid was as follows: Wauterlek & Brown, Inc., Chicago, and Miller Name & Address of Bidder: & Schroeder Municipals, Inc. and Associates, Inneapo is Net interest Rate: 6.5803575% Net Interest Cost: $5,717,889.58 Council Member Balmer introduced the following Resolution entitled RESOLUTION DIRECTING SALE OF $5,200,000 PARKING FACILITIES REVENUE BONDS", and moved its adoption. Council Member Roberts seconded the motion to adopt. The roll was called and the vote was, AYES: Balmer, deProsse, Neuhauser, Roberts, Vevera NAYS: None Whereupon, the Mayor declared the following Resolution duly adopted: RESOLUTION N0. 78-490 RESOLUTION DIRECTING SALE OF $5,200,000 PARKING FACILITIES REVENUE BONDS WHEREAS, pursuant to notice as required by law, bids have been received at public sale for the bonds described as follows and the best bid received is determined to be the following: PARKING FACILITIES REVENUE BONDS: Wauterlek & Brown, Inc., Chicago,and Miller & Schroeder Bidder: Municipals, Inc. and Associates of Minneapolis the terms of said bid being: as attached -3- AHLERS. GOONEY. DORWEILER. HAYNIE 6 SMITH, LAWYERS, DEB MOINES. IOWA Id]LROFILMED BY �$ JORM MICR+LAB i CEDAR RAPIDS • DES MOINES P71LKU1-ILMED BY JORM MICROLAB CEDAR RAPIDS A0 DES t NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF IOWA CITY, IOWA: Section 1. That the bid for the bonds as above set out is hereby determined to be the best and most favorable bid received and, said bonds are hereby awarded based on said bid. Section 2. That the form of contract for the sale of said bonds is hereby approved and the Mayor and Clerk are hereby authorized to execute the same on behalf of fQ the City. PASSED AND APPROVED, this/q day of 1973. j Mayor ATTEST: { Clerk- yy t" I I I i -9- AHLERS, COONEY. DORWEILER, HAYNIE S SMITH, LAWYERS, DEB MOINES, IOWA ' :141CROFILMED BY JORM MIc R+LAB CEDARRAPIDS • DES MOINES I I i -9- AHLERS, COONEY. DORWEILER, HAYNIE S SMITH, LAWYERS, DEB MOINES, IOWA ' :141CROFILMED BY JORM MIc R+LAB CEDARRAPIDS • DES MOINES 1-huKU1 lLMLU BY JDRM MICROI.AB City of Iowa City Civic Center Iowa City, Iowa CEDAR 'PIDS AHD DES OFFICIAL BID FORM I November 21, 1978 Gentlemen : For $5,200,000 City of Iowa City, Iowa, Parking Facilities Revenue Bonds, Series 1978, described in the annexed Official Notice of Sale 3v Lich is expressly made a part hereof, we will pay the par value thereof plus a premium of $4tj,l plus accrued interest from December 1, 1978 to the date of delivery for bonds bearing in crest as follows (each a multiple of 1/4 or 1/10 of I%). MATURITIES -July 1 t $105,000....._. _ _ 1982 V 07r $170,000 ............. 1989 .,o $290,000 ..,. ......... 1997 o 115,000 ... ........ 1983 _ �/ 180,000 .............. 1990 7e 310,000 .......... 1998 70 120,000 1984 _ _7r 195,000 ............ 1991 7-y�70 335,000 ..__....._ . 1999 Or/o 130,000.......,.. 1985 7c 210,000......._ 1992 6 r5 360,000 ............... 2000 7e 140,000....._..... 1986 70 225,000 ... .. ..... 1993 �7r 385,000 .... _......... 2001 70 150,000 _._ ........ 1987 _7r 240,000 ............. 1994%. 410,000 ................ 2002 7n 160,000 .... .._.... 1988 _ 7a 255,000............ 1995 7e 440,000 ............... 2003 :;t:70 275,000 ...............1996 J_7, Said bonds are to be executed and delivered to us in accordance with the terms of this bid accom mnied by the approving legal opinion of Ahlers, CooneyN , Dotweiler, aynie & Smith, Attorneys, in Des A>'ocs, Iowa. You are to pity for the legal opinion cold for printing the bonds. Unless we notify You to the contrary within 24 hours, CUSIP numbers are to be printed on the bonds at our expense and we agree to accept the bonds at delivery with the CLISIP numbers as printed. As evidence of mu• good faith, we enclose herewith check in the sum of $104,000 in accordance with your official Notice of Side. A list of the members of our account on whose behalf this bid is made is appended hereto. Description of Check: Amount: $104,000 Nance of Bank Harris Trust & Savings Bank City Chicago Stale Illinois Certified fftsbiE s) Check No. 513745 Dated November 20, 1978 Respectfully submitted, Nance Wauterlek and Brown, Inc. ecount Manager By Addre 300 West Washington City Chicago State Illinois NOT A PART OF BID 1 Our calculation of net interest rate from above is: (Far was By City Only) Total Interest ................. ........ $g.�5-1 ,9fo The above check was returned and received for Less Premium ......... ....................... $ 11 3 35 the above named Account Manager � /��6 Net ]merest Cost ......................... 0 By Net Interest Rate ........................... LS�o•357So The foregoing bid was accepted and bonds sold November 21, 1978, and receipt is hereby •acknowledged of the good faith check which is being held in accordance with the terms of the Official Notice of Sale. Due 'f { Amount 1982.,. ... ...... ... $105,000 1983 ................. i 1964 _ . _ ........ i 19R5 ., _........ i i 1-huKU1 lLMLU BY JDRM MICROI.AB City of Iowa City Civic Center Iowa City, Iowa CEDAR 'PIDS AHD DES OFFICIAL BID FORM I November 21, 1978 Gentlemen : For $5,200,000 City of Iowa City, Iowa, Parking Facilities Revenue Bonds, Series 1978, described in the annexed Official Notice of Sale 3v Lich is expressly made a part hereof, we will pay the par value thereof plus a premium of $4tj,l plus accrued interest from December 1, 1978 to the date of delivery for bonds bearing in crest as follows (each a multiple of 1/4 or 1/10 of I%). MATURITIES -July 1 t $105,000....._. _ _ 1982 V 07r $170,000 ............. 1989 .,o $290,000 ..,. ......... 1997 o 115,000 ... ........ 1983 _ �/ 180,000 .............. 1990 7e 310,000 .......... 1998 70 120,000 1984 _ _7r 195,000 ............ 1991 7-y�70 335,000 ..__....._ . 1999 Or/o 130,000.......,.. 1985 7c 210,000......._ 1992 6 r5 360,000 ............... 2000 7e 140,000....._..... 1986 70 225,000 ... .. ..... 1993 �7r 385,000 .... _......... 2001 70 150,000 _._ ........ 1987 _7r 240,000 ............. 1994%. 410,000 ................ 2002 7n 160,000 .... .._.... 1988 _ 7a 255,000............ 1995 7e 440,000 ............... 2003 :;t:70 275,000 ...............1996 J_7, Said bonds are to be executed and delivered to us in accordance with the terms of this bid accom mnied by the approving legal opinion of Ahlers, CooneyN , Dotweiler, aynie & Smith, Attorneys, in Des A>'ocs, Iowa. You are to pity for the legal opinion cold for printing the bonds. Unless we notify You to the contrary within 24 hours, CUSIP numbers are to be printed on the bonds at our expense and we agree to accept the bonds at delivery with the CLISIP numbers as printed. As evidence of mu• good faith, we enclose herewith check in the sum of $104,000 in accordance with your official Notice of Side. A list of the members of our account on whose behalf this bid is made is appended hereto. Description of Check: Amount: $104,000 Nance of Bank Harris Trust & Savings Bank City Chicago Stale Illinois Certified fftsbiE s) Check No. 513745 Dated November 20, 1978 Respectfully submitted, Nance Wauterlek and Brown, Inc. ecount Manager By Addre 300 West Washington City Chicago State Illinois NOT A PART OF BID 1 Our calculation of net interest rate from above is: (Far was By City Only) Total Interest ................. ........ $g.�5-1 ,9fo The above check was returned and received for Less Premium ......... ....................... $ 11 3 35 the above named Account Manager � /��6 Net ]merest Cost ......................... 0 By Net Interest Rate ........................... LS�o•357So The foregoing bid was accepted and bonds sold November 21, 1978, and receipt is hereby •acknowledged of the good faith check which is being held in accordance with the terms of the Official Notice of Sale. Due (For Computation Purposes Only. Not a Part of did.) July I Amount 1982.,. ... ...... ... $105,000 1983 ................. 115,000 1964 _ . _ ........ 120,000 19R5 ., _........ ,.. 130,000 load ....... 140,000 1987 ... ... 150,000 1988 .... _..... .. 160,000 1989 ... ._... _. _.. 170,000 1 DD0_ . 180,000 1 DO1 .................. 195,000 1 D92 .................. 210,o9D Average Ute: 16,710 Years TABLE OF BOND YEARS -From December 1, 1978 (For Computation Purposes Only. Not a Part of did.) Bond Years Due 3,740.000 Annual Cumulative July 1 Amount 37Q250 370.250 1003 .................. $ 226,000 527.083 903.333 1994 .................. 240,000 570.000 1,573.333 1905 .................. 255,000 855.834 2,429.107 1990 .................. 275,000 1,061.666 3,490.833 19D7 .................. 290,000 1;:87.500 4,778.333 1098 ................. 310,000 1,533.334 6.311.G67 1999 ... ........ ...... 335,000 1,790.166 8,110.833 2000 .................. 360,000 2,085.000 10,105.833 2001 .................. 385,000 2,453.750 12,649.683 2002._ ............... 410,000 2,852.500 15,502.083 2003 .................. 440,000 $5,200,000 Bond Years Annual Cumulative 3,281.250 18,783.333 3,740.000 22,523.333 4,228.760 26,752.083 4,836.417 31,687.600 5,380.107 30,070.067 0,070.833 43,047.600 0,805.417 49,942.017 7,770.000 57,712.017 8,694.583 66,407.500 9,660,107 76,076.667 30,816.666 80,893,333 86,893.ass MICROFILMED BY JORM MICR+LAB CEDAR RAPIDS • DES MOINES 4i111(UFILi1LU SY JORM I•IICROLAS ! 7 New Issue Date of Sale: November 21, 1978 1:00 P.M., C.S.T. CEDAR RAPIDS AND DES ?^I Inveswient Ratings: Applisdgo lvwo vs -4 OFFICIAL STATEMENT Interest Exempt, In Opinion of Bond Counsel, From All Present Federal Income Taxes $5,200,000 CITY OF IOWA CITY, IOWA Parking Facilities Revenue Bonds, Series 1978 Dated December 1, 1978 Due Serially 1982.2003, incl. Coupon Bonds Denomination $5,000 Registrable As To Principal Only Principal and semiannual interest (January 1 and July 1) will be payable at the Office of the City Treasurer, Iowa City, Iowa. First coupon due July 1, 1979. $105,000 ........................ 1982 115,000 ........................ i 120,000 ........................ 1984 130,000 ........................ 1985 140,000 ........................ 1986 150,000 ........................ 1987 160,000 ........................ 1988 275,000 ........................ 1996 4i111(UFILi1LU SY JORM I•IICROLAS ! 7 New Issue Date of Sale: November 21, 1978 1:00 P.M., C.S.T. CEDAR RAPIDS AND DES ?^I Inveswient Ratings: Applisdgo lvwo vs -4 OFFICIAL STATEMENT Interest Exempt, In Opinion of Bond Counsel, From All Present Federal Income Taxes $5,200,000 CITY OF IOWA CITY, IOWA Parking Facilities Revenue Bonds, Series 1978 Dated December 1, 1978 Due Serially 1982.2003, incl. Coupon Bonds Denomination $5,000 Registrable As To Principal Only Principal and semiannual interest (January 1 and July 1) will be payable at the Office of the City Treasurer, Iowa City, Iowa. First coupon due July 1, 1979. $105,000 ........................ 1982 115,000 ........................ 1983 120,000 ........................ 1984 130,000 ........................ 1985 140,000 ........................ 1986 150,000 ........................ 1987 160,000 ........................ 1988 MATURITIES—July 1 $170,000 ........................ 1989 180,000 ........................ 1990 195,000 ........................ 1991 210,000 ........................ 1992 225,000 ........................ 1993 240,000 ........................ 1994 255,000 ........................ 1995 275,000 ........................ 1996 PRIOR REDEMPTION $290,000 ........................ 1997 310,000 ........................ 1998 335,000 ........................ 1999 360,000 ........................ 2000 385,000 ........................ 2001 410,000 ........................ 2002 440,000 ........................ 2003 Bonds due July 1, 1982 through July 1, 1990, inclusive, are not callable prior to maturity. Bonds due July 1, 1991-2003, inclusive, are callable on any interest payment date on or after July 1, 1990 in whole or in part, in the inverse order of their maturity and within a maturity by lot, at par plus accrued interest and a premium of 5�o, such premium reducing by J/e of 19'o each full year after July 1, 1990. Notice of redemption of any of said bonds shall be given by publication in a financial journal published in the City of New York and in a newspaper of general circulation in the State of Iowa once at least thirty days prior to date of redemption. PURPOSE The proceeds of these bonds will be used for the acquisition and construction of additions to the municipal parking facilities system, including multi-level facilities for the parking of motor vehicles. The need for these additions has been confirmed by Carl Walker &Associates, Inc., Consultants, Minne- apolis, Minnesota, which firm has made projections of revenue contained in this Official Statement. LEGALITY AND SECURITY These bonds, in the opinion of bond counsel, Messrs. Ahlers, Cooney, Dorweiler, Haynie & Smith, Attorneys, Des Moines, Iowa, will constitute valid and legally binding obligations of the City of Iowa City, Iowa, payable solely from the revenues of the parking system of the City in the manner set forth in the resolution authorizing them and in no event shall constitute an indebtedness of the City within the meaning of any constitutional or statutory limitation. The City will furnish the unqualified approving opinion of said bond attorneys evidencing legality of the bonds and that the interest thereon Is exempt from Federal Income Taxes under current rulings and official interpretations. The information in this Official Statement has been compiled from sources believed to be reliable. but is not guaranteed. As far as any statements herein involve matters of opinion, whether or not so stated, they are intended as opinions and not as representations of fact. The Official Statement has been prepared under authority of the City of Iowa City, Iowa. Additional copies may be secured from the Financial Consultants to the City: Establlehed 1954 PAUL D. SPEER Fa 4d0e&&,- 9110. MUNICIPAL FINANCE CONSULTANTS 20 NORTH WACKER DRIVE • CHICAGO, ILLINOIS 80008 Area 312 - 346.0858 Y' CRY 141CROFILKED DY s I{ JORM MICR+LAE CEDAR RAPIDS • DES MOINES I•Ilywi-1L1•1ED BY JORM 141CROLAB CEDAR RAPIDS ACID i t TABLE OF CONTENTS Pago Maturities and Bond Details......................................................................................................... Cover Page 1 1 S City of Iowa City: General Information and Economics.............................................................................................. 1 8 Commerce and Industry 2 t Financial Information: (For information only) I Statement of Indebtedness """ """"""..... ' 3 Valuations and Tax Information3 ................................................................................. . General Fund Summary 4 r i The Parking System: i ' Parking Facilities 4 6 ParkingRates........................................................................................................................................ TheNew Ramps................................................................................................................................... 6 ............................... 6 Parking System Historical Operations............................................................... 1 Bond Resolution: 3'. Flowof Funds ...........................................................................................................................1. ` 7 31 Parity Bonds ...... 7-8 3, GeneralCovenants................................................................................................................................ B ". Authorization and Certification .............................................. .. ........................:................................ Flowof Funds Table............................................................................................................... ... ....... Back Cover ... Notice of Sale............................................................................................................. fI John Bal Car CI Abbie Stolfus, City CI Rosemary Vitosh, Di Iowa City is lac Des Moines, 20 mile City was reported a estimate the populat University of Iowa. 1960 and during, the of 21 square miles. The large incree in enrollment at the professional levels) At the start of ;the I is 23,327.. Long rant The governing elected by.the;Coun tive functions thro supervises; the" perf force and a 61 man wells) and , distribu treatment provided) also operates a muni from this bond issue section of this State and around the City subsidized fare of 2E The educational administers 16 elem total 'enrollment of combined enrollmen programs providing enjoys 27 parks cov and.three public an churches in Iowa Cit The Iowa City unemployment rate Job Service while t market average an 1972;1.9 percent in Major employe employees; Umver Ii. P.'Smith and C process and H. J. I City. Iowa City resi 1970 Census indica cities in the State of the 16 city grou 1974 was up 47.6 p estimates. The Su reports that per ca figure of $6,239. Page ........................... Cover Page 1 3 ........................................... 3 4-5 ........................................... 5 ........................................... 5 6-7 PIIufUtiLilcu BY JORM MICROLAB CEDAR RAPIDS AWD U CITY OF IOWA CITY Johnson County, Iowa Robert Vevera, Mayor City Council John Balmer, Mayor Pro Tem Carol W. deProsse Clemens Erdahl Mary C. Neuhauser David Perret Glenn E. Roberts City Officials Neal G. Berlin, City Dlanager i Abbie Stolf us, City Clerk John W. Hayek, Attorney Rosemary Vitosh, Director, Department of Finance Nancy Heaton, Treasurer GENERAL INFOR51ATION Iowa City is located in the central eastern section of the State approximately 115 miles east of Des Moines, 20 miles south of Cedar Rapids and 55 miles west of Davenport. The population of the City was reported as 47,747 in a Special Census as of January 1, 1975, and City officials presently estimate the population as 51,550. Iowa City is the seat of Johnson County and the home of the State University of Iowa. The 1970 Census population was 46,850 reflecting an increase of 41 percent over 1960 and during the same period the City's land area increased from 8 square miles to its present size of 21 square miles. The large increase in population during the 1960's was caused primarily by the significant increase in enrollment at the State University of Iowa. In 1960, total enrollment (undergraduate, graduate and professional levels) was 11,113 and in 1970 it totaled 20,322 showing an increase of 111.13 percent. At the start of the 1978-1979 academic year, enrollment was 23,023 and the projection for 1980-1981 is 23,327. Long range projections predict an enrollment of 20,050 in 1987-1988. The governing and legislative body of the City consists of it seven man council with the Mayor elected by the Council from its own members. Since 1951, the Council has unified its administra- tive functions through its City Manager who, as administrative head of the City government, supervises the performance of the 380 full-time municipal employees including a 54 man police force and a 51 man fire department. The City owns and operates its water supply (Iowa River and wells) and distribution system and a sewage collection and treatment system (with secondary treatment provided). Virtually the entire City has separate storm and sanitary sewers. The City also operates a municipal off-street and on -street parking system in the downtown area. The proceeds from this bond issue will be used to make additions to that system which is described in detail in another section of this Statement. In late 1971, the City began the operation of a transit system (buses) in and around the City which currently consists of 12 routes, 13 hours per day, 6 days per week, with a subsidized fare of 250. It is expected to carry more than 1,500,000 riders in fiscal year 1978. The educational needs of the City are provided by the Iowa City Community School District which administers 16 elementary schools, three junior high schools and two high schools having a combined total enrollment of 9,048. In addition, the parochial elementary school and high school have a total combined enrollment of 745. The University of Iowa sponsors many cultural events and athletic programs providing Iowa City residents with year-round activities and entertainment. The community enjoys 27 parks covering 480 acres with.11 supervised playgrounds and three public swimming pools, and three public and two private golf courses. All lending denominations are represented by the 42 churches in Iowa City. The City's public library houses 124,167 volumes and has a circulation of 437,690. ECONOMICS The Iowa City labor market (Johnson County) has a long history of minimum unemployment. The unemployment rate for June, 1978 was 2.5 percent (unadjusted) according to the Iowa Department of Job Service while the statewide figure was 3.8 percent. In recent selected years the Iowa City labor market average annual unemployment rates have been as follows: 1.8 percent in 1970; 23 percent in 1972;1.9 percent in 1974; and 2.1 percent in 1976. Major employers in the City are the Shite University of Iowa (the largest employer) with 11,594 employees; University Hospital, 4,532; Veteran's Administration Hospital, 1,000; Owens Brush Co. (Toothbrushes), 450; Sheller Globe Corp. (Urethane roam Products), 535; Westinghouse Learning Corporation (Educational Testing Services), 525; Proctor & Gamble (Toiletries), 350; American College Testing, Inc., 450; Northwestern Bell Telephone, 270; and Moore Business Forms with 240 employees. H. P, Smith and Company, a subsidiary of Phillips Petroleum Co., which operates a paper conversion process and H. J. Heinz Co., which has a regional warehouse, have just recently been established in the City. Iowa City residents are well above average in terms of housing and income, Statistics from the 1970 Census indicate that median value of owner occupied homes in the City was the highest of the 16 cities in the Stale with a population of 25,000 or more, Median family income was at the midway point of the 16 city group but per capita money income was the third highest. Per capita money income in 1974 was up 47.5 percent over the 1969 amount reported in the 1970 Census, according to Census Bureau estimates. The Survey of Current Business published by the United States Department of Commerce reports that per capita personal income for Johnson County in 1976 was $5,803 and gives a statewide figure of $6,239. 1 ,.. V t'' 141CROf ILMED BY 1 JORM MICR+LAO I !CEDAR RAPIDS • DES M0114ES F1i itOtiLi4LO BY JORM t•i1CROLAB n IowaCity ........ ...__...,. _. _..._........_- Johnson County ....... .........___. .. __....,...... _.. State of Iowa CEDAR RAPIDS ACID U.S. Census Figures Median Median Value Family of homes Income —1970 —1969 $23,169 $9,942 22,623 9,744 1.1,026 9,016 Building Permits I i $3,028 Residential $4,465 No. 3,574 Year Units Value 1974 ....._ ........................_.... j. $ 6,507,007 i 232 10,337,584 1976 ..................................... F1i itOtiLi4LO BY JORM t•i1CROLAB n IowaCity ........ ...__...,. _. _..._........_- Johnson County ....... .........___. .. __....,...... _.. State of Iowa CEDAR RAPIDS ACID U.S. Census Figures Median Median Value Family of homes Income —1970 —1969 $23,169 $9,942 22,623 9,744 1.1,026 9,016 'September JO W Per Capita Money Income 1969 Building Permits 1974 $3,028 Residential $4,465 No. 3,574 Year Units Value 1974 ....._ ........................_.... 170 $ 6,507,007 1975 - _ .................................. 232 10,337,584 1976 ..................................... 292 17,753,310 1977 .... ...................... 261 14,426,464 1978' .................................... 177 9,095,159 'September JO W Per Capita Money Income 1969 1972 1974 $3,028 $3,573 $4,465 3,007 3,574 4,508 2,884 3,510 4,628 Total Value of All Permits $12,766,238 14,434,118 25,372,479 19,929,669 16,818,828 Iowa City is served by a diverse transportation network. The Cedar Rapids Airport, located about 20 miles from downtown Iowa City, is served by both Ozark and United Airlines with numerous daily flights available. Rail service is provided by the mainline of the Chicago, Rock Island and Pacific Rail- road anti by a shortline connecting Iowa City and Cedar Rapids. This connects with mainlines of the Milwaukee Road, the Illinois Central Gulf, and the Chicago and North Western. Intercity truck and bus lines operate to and through Iowa City which lies immediately south of Interstate Route 80, the mails east -west interstate highway through Iowa. There are five interchanges available to and from Iowa City. Chicago is less than five hours away via the completed Interstate Highway System. As of September 30, 1978, the three banks and two savings and loan associations in the City reported total deposits of $259,396,437 and total assets of $308,857,098. COMMERCE AND INDUSTRY The Census of Business figures for the two latest periods available showed a strong increase in commercial activity between 1967 and 1972. Retail sales for the City increased 49 percent compared to a 17 percent increase for the State; wholesale sales increased by 69 percent compared to the State increase of 55 percent; and selected service receipts increased 87 percent while the State reported an increase of 61 percent. Iowa City 1967...................................................................... 1972...................................................................... Increase 1967/72 .._ ............................................ Census of Business ($000) Retail Eslab. Sales ... 313 $ 84,322 ... 432 125,920 387 4970 Wholesale Eslnb. Sales 39 $28,761 54 48,533 387o 6970 Selected Service F.slnb. Receipts 272 $11,146 425 20,835 5670 8770 Retail sales in the City have continued to increase based upon information published by the Iowa Department of Revenue. The "taxable sales" shown below are based on state tax receipts and are not comparable to Census of Business figures. Fiscal Year Taxable (Ending 6.30) Sales 1975.................................................................... $149,860,206 1976 ..... .................:........................ .................... . 160,123,754 1977 _.......................... ......... _._ .........,......... 182,138,611 1978 .................................................................... 202,638,341 The City's manufacturing base has increased about in line with that of the State as a whole, accord- ing to the Census of Manufactures. Value Added by Manufacture increased by 44 percent over 1967- 1972 in the City and by 46 percent in the State. Census of Manufactures Iowa Value Added City Establishments by Mnnufac/ure 1967 ..................__..... .............. ....,.......... 21 $ 95,300,000 1972 _, __....,...... ._.._. _.......: _.... _,..__. _.. 36 136,800,000 Major improvements are presently under construction, or soon to be, in the •downtown area of the City. Progress is being made on a $2.3 \lillion pedestrian mall and the projected starting dnte for the construction of a 200,000 square foot enclosed shopping mall is November, 1978. A new 140 froom hotel containing 30,000 square feet of ground floor retail space is expected in the same area. 2 Y...�.t" MICROFILMED BY JORM MICR+LAB CEDAR RAPIDS ' DES MOINES V City Gross Assessi Direct Debt- ....... Overlapping Debt Johnson County Iowa City Com Total Direct and -Excludes $2,119, Development Rei Phillips Petrolcn annually to abate Note: The voters Library put Valuation - as of Jan. l 1973 ...................... 1974 ....................... 1975(l) ................. 1976 ..................... 1977 ...................... Notes: (1) Asses (2) Debt (J) Tax c Tax Collection D Year Sc 1974-75(1)$10. 1975.76(2) 4. 1970.77 L 1977-78 ...... - I. 1978.79 ...... 2. Notes: (1) .18 rn (2) First Tax Collection Year 1973 ... 1974.75 1975.76 1978.77 1977-78 1978.79 ULU ,. • 1 1972 1974 $3,573 $4,465 3,574 4,508 3,510 4,628 s Airport, located about nes with numerous daily Island and Pacific Rail- ts with mainlines of the Intercity truck and bus tate, Route 80, the main le to and from Iowa City. tions in the City reported Ved a strong increase in d 49 percent compared to t compared to the State He the State reported an Selected Service ales Eslab. Recelplx ,761. 272 $11,146 ,533 426 20,885 6970 5670 877o on published by the Iowa tax receipts and are not a State', as a whole, .accord - by 44 percent over 1967- 0,000 tlle•downtown area of the th et ed starting area for the 1978. A new 140 room 11 the same area. f•1tl,,(Ut 1LHLu BY DORM WCROLAB CEDAR RAPIDS ACID DES FINANCIAL INFORMATION (For Information Only. These Bonds Are Not Payable From Taxes.) Statement of Indebtedness As of November 15, 1978 City Gross Assessed (Actual Value), 1977 (Not Including Honeys and Credits) ... ....... ................ I................. $466,4G7,08D Per Capita Applicable Est. to 1978 Pop. City Est. @ Total Percent Amount, Actual 51.550 Direct Debt* ......................................................................... $7,G47,000 100.0070 $ 7,647,000 2.6470 $148.3.1 Overlapping Debt: Johnson County........................................................................ $2,370,000 49.0970 1,IG3,433 .257a 22.67 Iow¢ City Community School District ............. 4,831,000 69.3170 3,348,366 .72r/o 64.95 Total Direct and Overlapping Debt....................................................................... $12,158,799 2.G17o $235.86 'Excludes $2,110,000 Water Revenue Bonds and $1,245,000 Sewer Revenue Bonds. Also excludes $3,000,000 Industrial Development Revenue Bonds, principal and interest of which are payable solely from rents under a lease with the Phillips Petroleum Co. Of the direct debt, $2,065,000 are considered self-supporting as water and sewer revenues are used annually to abate the taxes. Note: The voters of Iowa City on November 7, 1078 approved the issuance of $3,500,000 general obligation Bonds for Library purposes. These bonds will be sold in 1079. Valuations Tax Rate"1,000 Assessed Valuation Tax City of Iowa City Assessed for Taxing Purposes Iowa City School Johnson Actual Value' Valuation as of For Tax Collection Real Personal Utind UlililY Total Assessed For Debt Limit(E) Jan.1 Year Property Properly and and $4G.293 $63.456 $102.477 $27.389 1974-75(3) $ 71,264,091 $ 8,394,046 $ 4,855,441 $ 84,513,578 $313,013,252 1973 ............................ ................ 82,223,198 8,384,8.10 5,062,620 95,670,658 35.1,335,770 1974 ............................ 1975.76...................... 379,504,175 30,9.16,885 20,G80,850 431,131,910 431,131,910 1975(1) ..................... 1976-77 ................... 11.096G8 15.13891 4.40937 .40666 31.14162 2.47246 1977-78...................... 393,667,654 31,123,669 22,369,601 447,160,914 - 447,160,914 1976 ............................ 1978-79...................... 409,890,264 312668,916 24,9072900 466,467,080 466,467,080 1977 ............................ Notes: (1) Is month levy to prepare for June 30 foveal year. Notes: (1) Assessed value changed from 277u of actual to 1007o actual. (2) Debt limit 570 of actual. Taxes Extended and Collected (3) Tax collection year changed from calendar year to year ending June 30. (City Purposes Only) Tax Rate"1,000 Assessed Valuation Tax City of Iowa City Iowa City School Johnson Area School Collection Debt Service Pensions ,\Il Other Total District County Levies Total Year 1974-76(1) $10.265 $6.898 $4G.293 $63.456 $102.477 $27.389 $8.010 $201.332 1975-76(2) 4.140 7.965 30.64G 42.751 57.263 22.615 2.128 12 4.647 1976.77...... 1.72036 1.528 7.70221 10.95057 14.92734 4.38065 .49268 300.741.741 14 1977.78...... 1.73165 .82629 8.53874 11.096G8 15.13891 4.40937 .40666 31.14162 2.47246 1.05920 8.5.1707 12.07872 14.85019 4.99708 .41615 32.34214 1978.79...... Notes: (1) Is month levy to prepare for June 30 foveal year. (2) First new fiscal year. Taxes Extended and Collected (City Purposes Only) Toa Collection TotI Tax Current Collected % Current Collected Total Tax Collected % Total l Collected Year Extended $3,134,9.47 $3,114,393 99.34r/o $3,166,136 101.0 70 1973 . ........... ....................................... 6,427,059 5,378,747 99.1170 5,394,323 99.4 va 1074.76 .............................................. 4,091,176 4,153,463 ]01.527 0 4,193 843 , 102 G17o 1975.76 ............. .........�...., ...... ............ 4,712,465 4,710,073 99.9570 4,742,154 100.G37o 1976.77 .............................................. 4,956,262 4,969,801 ]00.970 6,014,624 101.20 o 1077.78 .............................................. 5,GG2,746 In Collection ......... ......... 3 S MICROFILMED BY i JORM MICR+LAB ! CEDAR RAPIDS ' DES MOINES r•tit,tWi il-i4L l 8Y JORM MICROLAB n Receipts: CEDAR RAPIDS AILD DE General Fund Summary Cash Receipts and Disbursements 18 Months Fiscal Years Ending June 30 Ending 6/30/75 1976 1977 1978 1079 Audited Audited Audited .Audited Budget Property and General Taxes .._...__.__._. $3,964,235 Intergovernment Revenue: $4,029,061 State..................................... .........__............ f Federal......................................... ._ ......... 535,548 , 121,166 .................__....__......._ $2,649,290 Charges for Services ....... .... $ 905,502 Licenses and Permits ...................................... 203,339 Fines and Forfeitures ...... ............................... 2D3,993 , ...... 225,539 i _.__. 235,567 r•tit,tWi il-i4L l 8Y JORM MICROLAB n Receipts: CEDAR RAPIDS AILD DE General Fund Summary Cash Receipts and Disbursements 18 Months Fiscal Years Ending June 30 Ending 6/30/75 1976 1977 1978 1079 Audited Audited Audited .Audited Budget Property and General Taxes .._...__.__._. $3,964,235 Intergovernment Revenue: $4,029,061 State..................................... .........__............ $1,992,576 Federal......................................... ._ ......... 535,548 Other ........................................... .......Subtotal 121,166 .................__....__......._ $2,649,290 Charges for Services ....... .... $ 905,502 Licenses and Permits ...................................... 203,339 Fines and Forfeitures ...... ............................... 2D3,993 TransfersIn ............................................... ...... 225,539 Use of Money and Property ....._..__..... _.__. 235,567 AllOther............................................................ 217,901 Total Receipts .._.., _.___............ $8,695,366 $3,019,146 $3,348,549 $3,861,723 $4,029,061 $ 654,309 $ 584,311 $ 606,523 $ 770,000 574,354 -0- 18,417 -0- -0- -o- -6- -6- $1,228,663 $ 584,311 $ 624,940 $ 770,000 $ 604,596 $ 800,402 $ 759,017 $ 713,420 192,938 185,439 213,304 205,250 237,714 289,728 305,470 294,000 416,375 1,783,482 1,907,038 1,581,700 96,799 80,040 49,804 65,000 102,793 92,595 97,002 39,085 $5,899,024 $7,164,546 $7,818,299 $7,697,516 Disbursements: $1,656,515 $1,158,571 $1,199,850 $1,727,140 $1,831,786 Administration ....... ... .... ........ ..... 1,257,782 914,112 1,013,515 1,008,4.10 1,164,530 Police Protection ........ ........ ......... 9.47,804 724,336 761,908 894,204 926,215 Fire Protection .. .... ........... .. ......... 700,456 523,554 483,382 13,247 -0- ,. Street System Maintenance .... ..... ........ 1,350,359 610,256 554,909 808,550 570,617 999,439 Mass Transportation ................................. 745,076 603,062 692,770 667,909 781,351 867,760 793,105 Parks and Recreation ............... ......... 806,056 680,263 355,467 395,852 432,433 463,968 Library ......... .. ........................ ....... ... ... ... 427,284 1,093,908 841,382 1,432,463 896,242 1,046,443 All Other ................................................. Total Disbursements ..... .... $8,985,240 $6,311,003 $7,192,558 $7,428,366 $7,784,103 $1,109,480 Fund Balance at June 30 .................. ...... $1,246,124 $ 834,145 $ 806,134 $1,196,067 Note: Types of disbursements and sonic types of receipts as shown above have been prepared by the City Director of and Jima 80 fund balances Finance and diger from those shown in the audit. Budgeled figures for Total receipts, total disbursements 1979 have also been provided by the Director of Finance. Due to aro in accord iwith the audits. certain revenues formerly included as "Intergovernmental Reveru,c" are nolo included as "Trans - accounting change, "Sanitation" disbursements in 1977-1978 reflects the establishment of refuse collection fare In". The decrease in and land fill operations as an enterprise fund. Parking Facilities The City's control of traffic in the downtown area through the use of on -street parking meters started in 1946 when 156 were installed of a lest basis. As the number of installed meters increased, the City started a complementary off-street metered Parking program in 1954. By the early 1960'x, the 1,176 on -street meters and 576 elf -street metes recorded average occupancy of 85 percent. Since that through the addition of o time, the system has expanded by approximately 50 percent mainly off-street locations. In 1964, the City issued $320,000 Parking Revenue Bonds and in 1969, $300,000 parity bonds were issued. All of these bonds have been retired from system funds. According to the parking engineer's report, the parking system consists of 2,167 controlled spaces including 1,182 metered on -street spaces and 985 spaces in 11 off-street lots. The redevelopment of the Central Business District will require the removal of some spaces due to construction of the new ramp and for new commercial buildings. This will also create greater demand for parking spaces to serve the new buildings. The construction now scheduled includes the City Plaza, the Old Capitol Center, and Parking Ramp A. A 140 room hotel is expected fol the block including Parking Ramp B. The rede- velopment of the Centrnl Business District also includes modification of certain Central Business District streets, construction of the College Street Mall, a bus staging area and a housing project for the elderly. In conjunction with the construction of the shopping mall in the Central Business District, the text of the following letter was received from Paul Glaves, Development Coordinator for the City of Iowa City, Iowa. Old Capitol Associates, the developers of the enclosed shopping mall, on blocks 83 and 84, have submitted their construction schedule to the City. They propose to begin site work on November 27 with grading and foundation work proceeding until April, 1979. Structural erection and exterior work will take Place between April and September, 1979. The interior finish work is to be com- pleted by August, 1980, with beneficial occupancy in operating center by September 1980• The Center will have 200,000 square feet of retail with two anchor stores plus office space. Younkers of Des Moines has filed a letter of intent to lease a store of approximately 60,000 square feet in the C t r and the lease is being prepared. Younkers has operated a smaller store in Iowa City for many years. Negotiations are in progress between the developer and J. C. Penney Co., which now operates a smaller store in Iowa City, for a new retail store of approximately 65,000 square feet in the Center. The engineer's shoppers in the Centrnl Business Distrnand came to rict, The Nestdle Milli in Cedar Rae conclusion that there was no pids,oIowal, the patronage it ahopp is located ter which has2all thesadvantag s of Liland o Weorale of tills IMallcshouldhave provelittle benmore attractive to the people in 4 ��. •. �t?4 41CROFILMED BY.. 1 JCRM MICR+LAB j , CEDAR RAPIDS • DES MOINES the area surroundi Business District, system charges ral to the Central Bu: The completia parking system. Streets contains 5 Railroad. The of Iowa on October expected to be all lease from the rai to be lost. The Il all or parts of 4 to of the present sur hour of parking On -Street Meter ...., Central Business Di 2. Hour Meter ....... 3 Hour Meter ... ... Municipal Lot ..... Peripheral Lot Mete Parking Ramps Bei Peripheral Lot Per The New Ramps Ramp"A" on the north sl proximately 900 of Burlington S mately 450 vehi were received Or scheduled for Oe pletion in May, City lots and app 1978 1979 Audited Budget $3,861,723 $4,029,061 $ 606,623 $ 770,000 18,417 -0- -0- -0- 624,040 $ 770,000 $ 759,017 $ 713,420 213,304 205,250 305,470 294,000 1,907,038 1,681,700 49,804 65,000 97,002 39,085 $7,818,299 $7,697,516 ,850 $1,727,140 $1,831,786 ,515" 1,008,440 1,164,530 ,908 ' 894,204 925,215 ,382 - 13,247 -0- ,909 808,550 570,617 ,770 : 781,351 999,439 1909 867,760. 793,105 ,862 432,433 453,968 ,463 -895,242 1,045,443 ,558 $7,428,366 " $7,784,103 ,1341.., .;$1,196,067 .$1,109,480 prepared by the City Director of sements and June JO fund balances d by the Director of Finance. Due to evenue" are now included as "Tranc- he establishment of refuse collection Be of on=street parking meters r of installed meters increased, 1954. By the early 1960'x, the ancy,.Of 85 percent. Since that ough the'addition of off-street in, 1969,'$300,000 parity bonds sists of 2,167 controlled spaces et lots. The redevelopment of true to construction of the new demand for parking spaces to y Plaza; the Old Capitol Center, ng Parking Ramp B. The rede- ertain Central Business District housing project for the elderly. 'Central Business District, the at Coordinator for the, City of 'ng mall, on blocks 83 and 84, to begin site work on November Structural erection and exterior erior finish work is to be com- er by September 1980. ores plus office space. Younkers 60,000 square feet in the Center in Iowa City for many years. ., which now operates a smaller eat in the Center. t there was no competition for tie Mall in Cedar Rapids, Iown, I act. The new shopping center ore attractive to the people in ('il UAUtiU'4W BY JORM h11CROLAB CEDAR RAPIDS AND DES the area surrounding Iowa City. Although the University of lows is in close proximity to the Central Business District, its parking system is not detrimental to the City's system. The University parking system charges rates comparable to the City parking rates, but its facilities are not conveniently located to the Central Business District except for a few curb spaces on the adjacent streets. The completion of the two ramps built from the proceeds of this issue will add 1,350 spaces to the parking system. The Recreation Center Lot on Van Buren Street between College and Burlington Streets contains 50 spaces, of which 44 are on property formerly the right of way of the Rock Island Railroad. The other six are on City property. In a title dispute the District Court of Johnson County, Iowa on October 31, 1978 found the title to be in the railroad for those 44 spaces. This decision is expected to be appealed, but in any event, the City expects to continue to operate the lot either on a lease from the railroad or by purchase, so the revenue of approximately $4,000 per year is not expected to be lost. The new ramps plus the other improvements in the Central Business District will eliminate all or parts of 4 lots, resulting in reduction within the two year construction period of approximately 520 of the present surface lot spaces. In order to finance the present program, an increase in the charge per hour of parking will be effected January 1, 1979 as shown below. Parking Rates The New Ramps Ramp "A" will be a four and one-half tier parking structure of precast and prestressed concrete on the north side of Burlington Street between Clinton and. Capital Streets with a capacity of ap- proximately 900 vehicles. Ramp "B" will be a multi -tiered parking structure located on the north side of Burlington Street between Linn and Dubuque Streets. Initially it will have a capacity of approxi- mately 450 vehicles and it is designed to permit future expansion. Construction bids for Ramp "A" were received October 25, 1978. Construction of Ramp "A" will begin November, 1978 with completion scheduled for October, 1979. The Ramp "B" project is scheduled to begin in August, 1979 with com- pletion in May, 1980. After completion of both ramps there are expected to be 418 spaces in off-street City lots and approximately 943 on -street metered spaces. Capital Budget 11.1-78 1-1.79 On -Street Meter.............................................................................................................. $ .10 per hour $ .10 per half hour Central Business District Lots.................................................................................... 1,800,000 .20 per hour 2 Hour Meter................................................................................................................ .15 per hour - 125,000 3 Hour Meter................................................................................................................ .10 per hour - 90,000 Municipal Lot .15 per hour - Peripheral Lot Meter...................................................................................................... .10 per hour .10 per hour Parking Ramps Being Constructed.............................................................................. - .26 per hour Peripheral Lot Permit (Per Month).......................................................................... 10.00 12.00 The New Ramps Ramp "A" will be a four and one-half tier parking structure of precast and prestressed concrete on the north side of Burlington Street between Clinton and. Capital Streets with a capacity of ap- proximately 900 vehicles. Ramp "B" will be a multi -tiered parking structure located on the north side of Burlington Street between Linn and Dubuque Streets. Initially it will have a capacity of approxi- mately 450 vehicles and it is designed to permit future expansion. Construction bids for Ramp "A" were received October 25, 1978. Construction of Ramp "A" will begin November, 1978 with completion scheduled for October, 1979. The Ramp "B" project is scheduled to begin in August, 1979 with com- pletion in May, 1980. After completion of both ramps there are expected to be 418 spaces in off-street City lots and approximately 943 on -street metered spaces. Capital Budget October 31, 1978 Construction: Ramp A (Per Bids)........................................................... $3,698,700 Ramp B (Estimated)................................................................ 1,800,000 Total Construction ................................................ $5,498,700 Engineering, Design, (Balance) ............................................ 150,000 Engineering Supervision.......................................................... 125,000 Construction Contingencies (Ramp A) .................................. 186,300 Construction Contingencies (Ramp B) .................................. 90,000 Subtotal.................................................................. $6,050,000 Other Costs: Capitalized Interest ($5,200,000 @ 7r/o-15 months) ........ $ 455,000 Funded Bond Reserve (1 Year Debt Service) ...................... 471,750 Legal, Fiscal, Administrative................................................ 65,250 Additional Contingencies........................................................ 143,000 Subtotal.................................................................. $1,135,000 Total Funds Required .......................................... $7,185,000 Source of Funds FundsOn Hand............................................................................ $1,525,000 Interest Earnings (Estimated) .................................................. 275,000 Net Revenues Through March 1, 1980 (Estimated) ................ 185,000 RevenueBonds............................................................................1 5,200,000 Total........................................................................ $7,185,000 ij MICROFILMED BY.,...:._ i JORM MICR+LAB •` CEDAR RAPIDS • DES MOINES 1411.itUFiLi•iEU BY JORM 141CROLAB CEDAR RAPIDS AND DES Parking System historical Operations Reserve Fund (Fiscal Year Ended June 30) Beginning July provided that when 1973 interest coming duE iEnded ()'ear 197.5 12/30) (Por 18 Months) 1976 1977 1978 made. (This full ai shall be used Receipts: 3,363 $ -0- $ 3,363 $ 3,900 $ 3,900 $ 4,225 whenever there is ii Rental of Buildings .... .......__.............................._..... 150,899 217,889 131,267 134,399 134,566 Improvement Fund jOn-Street IOff-Street ...................................................................... ...................................................................... 93,732 145,483 143,026 163,794 206,078 1,952 1,441 Beginning July Metered Hoode............................................................ 1,716 2,172 1,498 18,985 26,105 21,084 22,033 29,414 $5,000. The Impl'0' bonds whenever the 1{f Parking Stickers.......................................................... 5,696 29,326 18,574 18,908 34,094 - that it is not. so rei Interest Earnings ...... .............. .... ....... ........ ............. ..- 1,406 1,490 1,145 196,074(1) 104,9500) repairs, renewals a Miscellaneous Revenue ........ .. ..... ....... .... • $272,334 $425,828 $320,494 $ 541,060 $ 574,768 purposes and for ca, Total Receipts .. .......... ......... Surplus Account Disbursements: Personal Services ............ ...... ... $ 36,785 $ 49,367 $ 37,588 $ 41,988 $ 51,014 All money real{{ -` ......... Commodities ............. ..... ... ........ .... . .... 4,176 6,358 4,567 3,251 6,554 12,937 28,081 38,920 Account. This aced -.drrlaly repairs or 1' -:' Services and Chargee ........ ... ........... .. ............... 15,373 24,359 .............................................. 17,000 24,087 9,838 15,977 9,808 lawful purpose. MAdministration obligations issued Total Disbursements .................... $ 73,334 $104,171 $ 64,930 $ 89,297 $ 106,296 parity bonds. - " Net Revenue ...................... ............ ............ .. $199,000 $321,657 $255,564 $ 451,763 $ 468,472 $(195,292) $(161,720) Investment of Fun Less Non -Recurring Sale of Property(1) ............. $ 110,000 $ 110,000 Money of all o Add Overtime Parking Charges, Estimated(_) ...... 37,740 37,740 tion Fund, may be Add Est. Interest on New Debt Reserve(5) ......... $ 404,281 $ 454,492 banks which are Net Pro Forma Available for Debt Service ......... amount insured by '$ Maximum Debt Service ($471,760) Coverage ........ .86x '96c 4,285 $ 62,026 $ 20,855 $ 1,110 $ 103,764 of the United State than five days priol .. Capital Outlay(4)................................................... Transfers to Capital Improvement Fund(4) ........ $184,593 $ 99,384 $303,190 $ -0- $ -0- ed bl tem y beeinvest Notes: (1) Non-remtrring receipts included. I of the City. IIICOm (E) These charges now Jiow to Reverzne Fund. ' I (5) Funded debt reserve ($471,750 © 7%) " �1 Capital outlay deducted from disbursements. (4) ou i The City cove the requirements o 1 interest requireme BOND RESOLUTION These Bonds are being issued pursuant to Division V, Chapter 384, of the City Code of lows and t ;i in compliance with all applicable Provisions of the Constitution and laws of the Stale of Iowa. The be in full force and effect prior to the date No prior lien Bond Resolution was adopted November 7, 1978, and will Reference should be made to the Resolution for exact details, the meanings of pertinent sections ( or for extensions, of sale. of which are in summary form below. conditions. (1) NoBond Parking System -Section 1 The Parking System means all the parking facilities of the City including "off-street Parking" and (2) (a) Net r to at "on -street parking" including parking in on and along the streets and all properties acquired from thereof by Council resolution.j then the proceeds of the Bonds or from revenues of the system or made a part longe Revenues include overtime parking charges as provided in the Bond Resolution. (b) Net r I 1 Bond Proceeds -Section 13 Bond shall be Paid to the Construction Fund Account except for an amount equal to the on th o t proceeds debt service which shall be paid into the Reserve Fun(] and fifteen month's capitalized being maximum year's interest which, with ally accrued interest, shall be paid into the Sinking Fluid. Any surplus remaining the o after completion of the project shall be paid into the Improvement Fund. (3) Addition FLOW OF FUNDS -Section 15 For purposes of 2 Parking System Revenue fund revenues the Parking System shnll be deposited in the Parking System Revenue Fund and evidenced b c erti shall reflect clung ma• The of shall be held as trust funds fm• the holders of the Bonds an(1 path. bonds and shat] be monies which Estimated net rev priority of the disbursed monthly in the f011Owhlbr Priority on the first business day of each mmtth' ly pledged for pay be evidenced by . Operation and Maintenance Fund be deposited into this fund an amount sufficient to meet salary basis. " On the first day of each month there shall to 1/12 of expenses payable on an annual basis Principal mu tyle current expenses of the month plus an amount equal ing June 30. such as insurance. Notwithstmt refunding bonds Sinking Fund 1, 1980 (interest for 15 months -through February 1980 estimated at $465,000 delivery of the re Sinking Fund an Beginning January there shall next be deposited into this fund a monthly amount equal to 1/5 of the interest is capitalized) due on the next interest payment date plus 1/10 of the principal coming due on the next succeeding full necessary to make such Payments Are on hand. Honey in the Sinking Fund General Covenant July 1 until the amounts shall be used for the sole purpose of payroll principal told interest on the Bonds and Parity bonds as By this Rego] to perform all du f they become due. 6 R y i141CROFILMED BY JORM MICR+LAB CEDAR RAPIDS • DES MOINES M1aL,+tW iLi•ILu BY JORM MICROLAB CEDAR RAPIDS ACID DES '-00 "IES, !041 v A i Reserve Fund Beginning July 1, 1080, (here shall next be deposited into this fund the monthly amount of $5,000 provided that whenever the amount on deposit is equal to at least the maximum amount of principal and interest coming due on the Bonds and parity bonds in any succeeding fiscal year, no deposits need be 1977 1978 made. (This full tunount, estimated at $471,750, will be deposited from bond proceeds.) The Reserve Fund shall be used for the sole purpose of paying principal and interest on the Bonds and parity bonds $ 3,900 $ 4,225 whenever there is insufficient money in the Sinking Fund. 134,399 134,566 Improvement Fund 163,794 206,078 1,952 2,441 Beginning July 1, 1080, there shall next be deposited into this fund minimum monthly amounts o 22,033 29,n14 $5,000. The improvement Fund shall be used to pay principal of or interest on the Bonds or parity lands whenever there is insufficient nnoney in the Sinking Fund and the Reserve Fund. To the extent 18,908 34,094 that it is not so required, it is to be used for the payment of extraordinary maintenance expenses or 196,074(,9) 164,950(1) repairs, renewals and replacements, payments for property rented or purchased for Parking System $ 541,060 $ 574,768 purposes and for capital improvements to the System. Surplus Account $ 41968 $ 51,014 All money remaining in the Revenue Fund at the end of each month shall be deposited in the Surplus 3,251 6,554 Account. This account shall be used to make up any deficiency in any of the funds, to pay for extraor- 28,081 38,920 Binary repairs or replacements to the System, to pay or to redeem the Bonds and parity bonds, or for any 16,977 9,808 lawful purpose. Money in this account may also be used to pay principal of and interest on any other $ 89,297 $ 106,296 obligations issued to extend or improve the Parking System which are subordinate to the Bonds and parity bonds. $ 451,763 $ 468,472 $(195,222) $(161,720) Investment of Funds -Section 15 $ 110,000 $ 110,000 Money of all of the funds, except the Operation and Maintenance Fund but including the Construc- 37,740 37,740 tion Fund, may be invested only in direct obligations of the United States Government or deposited in $ 404,281 $ 454,492 banks which are members of the Federal Deposit Insurance Corporation. If the deposit exceeds the ,ggx .96x of insured by the F.D.I.C., the excess shall be continually secured by a pledge of direct obligations of the United States Government having an equivalent market value. Investments shall mature not less $ 1,110 $ 103,764 than five clays prior to the date when the money will be required and Reserve Fund investments shall not $ -0_ $ 4- exceed three years. The Sinking Fund mut Reserve Fund shall be maintained in a separate bank account but may be invested in conjunction with other City funds but designated as it trust fund on the books of the City. Income derived from investments shall be deposited in the Revenue Fund. Rate Covenant -Section 16(b) The City covenants to adopt or continue rates sufficient to produce net revenues sufficient to meet interest requirements onstheBonds and paritral funds and iny bondsent at for the current fiscal yeaal to 135 rercent of the principal and the City Code of Iowa and PARITY BONDS -Section 18 of the State of Iowa. The and effect prior to the date No prior lien bonds may be issued. Additional parity bonds may be issued for refunding purposes anings of pertinent sections or for extensions, additions, improvements or replacements to the Parking System under the following conditions. (1) No Bonds or interest thereon are in default. (2) (a) Net revenues (or adjusted net revenues) for the preceding fiscal year must have been equal ing Doff -street parking' and to at least 150 percent of the maximum principal and interest requirements on the bonds all properties acquired from then outstanding mut on the bonds then proposed to be issued in any fiscal year prior to the ereof by Council resolution. longest maturity of the then outstanding bonds; or (b) Net revenues (or adjusted net revenues) for the Preceding fiscal year must have been equal to at least 100 percent of the maximum year's debt service on all bonds then outstanding and on the bonds then proposed to be issued dulling the life of such outstanding bonds and the d fifteen month's capitalized estimated net revenue during the second full fiscal year of o for air amount equal to the peration of the improvements und. Any surplus remaining the outstanding and propall be osed bonds ual to at duringst t ane life of the outstandit of the ng bondsg debt service on (3) Additional bonds must be payable as to principal on July 1 and interest on January 1 and July 1. For purposes of 2 (a) or 2 (b) above, net revenues for the immediately preceding fiscal year shall be those evidenced by certificate of the certified public accountants who made the audit. Adjusted net revenues System Revenue Fund and shall reflect changes in rates to the extent not reported as a portion of the prior year's revenue and any g Syst d pm•tbonds and shall be monies which may be and are legally pledged for the period when any of the outstanding bonds mature. Estimated net revenue shall include the operations of facilities being financed and any other monies legal - month. ly pledged for payment into the Parking System. Adjusted net revenues and estimated net revenues shall be evidenced by a certificate of it qualified consulting engineer not employed by the City on a regular salary basis. an amount sufficient to meet Principal all(] interest due Judy 1 shall be considered a requirement of the preceding fiscal year end - payable on an annual basis ing June 30, Notwithstanding tine above limitations, additional parity bonds may be issued for the purpose of refunding bonds which shall mauve matured or which shall mature not later than three months after y 1080 estimated at $455,000 Seek »6 of the Fund refnd u edge a bonds ive n<l anfor the payment of which there shall be insufficient money in the t equal to 1/5 of the interest due on the next succeeding General Covenants -Section 16 Money in the Sinking Fund e Bonds and parity bonds as to perfBy orm all duties with referthe ence loathe Pants rking System required bylthe Constitution landrla vs oftIowa 7 Y' 141 CROFILFIED BY 1 I JORM MICR#LAB CEDAR RAPIDS • DES MOINES R liutUl UMLL; BY JORM MICROLAB CEDAR RAPIDS AMD and to segregate and apply the revenues in accordance with the provisions of the Bond Resolution and not to sell, lease, loan, mortgage, or dispose of the System while any of these bonds are outstanding provided, however, that the City has the right to dispose of it portion of one parking lot to be the site of an elderly housing project and three existing lots to be eliminated as a result of downtown redevelop- ment and parking facilities construction, and to dispose of any part of the System found by resolution to be no longer useful or profitable, the proceeds of such sale to go Into u Revolving Fund. The City also reserves the right to lease or contract to another operator any of the parking facilities, or to lease or sell air rights above the off-street facilities, to the extent permitted by law so long as the net revenues derived from such leased portion, combined with all other system net revenues, are not less than required by the Bond Resolution. The City may designate a portion of the System to be used without charge, Provided the net revenues of the remaining System will be not less than 135 percent of the required deposit into the Sinking Fund for the next fiscal year, such determination to be certified by a consulting engineer when such facilities have produced over 15 percent of the gross revenues of the System for the preceding fiscal year. Off- street parking facilities may be withdrawn from time to time for the purpose of erecting multiple level or other parking facilities thereon as a part of the System provided the net revenues from the remainder of the System, together with interest during construction, Is sufficient to meet Bond Resolution require- ments. The City agrees not to undertake any action unfavorably affecting the security of the bonds, but may relocate on -street facilities for street widening, alterations or closing, and traffic control. The usual forms of insurance coverage are provided for in the Resolution including liability and use and occupancy insur- ance on the off-street multi-level facilities equal to the historic revenues of said facilities but subject to a reasonable deductible provision, provided such insurance is available on reasonable terms. Audits, Budgets, Engineering --Section 10 Within 90 days following the close of the fiscal year the City will cause an annual audit of the System accounts to be made by a certified public accountant, and a copy shall be mailed to the original purchaser and to any bondholder who so requests. An annual budget of expenses of operation and maintenance of the Parking System shall be prepared by the City Council covering requirements for the ensuing year. The City has agreed to employ independent consulting engineers at least once every four years to make an inspection and a report on the operation and maintenance of the System and recommendations for revision of rates. Modification of Resolution—Section 22 Provision has been made in the Bond Resolution for modification of certain of its terms, but only with the consent of the then holders of two-thirds of the principal amount of the outstanding bonds. The following may not be modified under any circumstances: (1) Maturity; (2) Amount of principal or interest due on any bond; (3) The percentage of bonds required to consent to modifications; and (4) The rights of the holders of less than all of the bonds and parity bonds then outstanding. AUTHORIZATION AND CERTIFICATION The foregoing Official Statement has been prepared for the City of Iowa City, Iowa, by Paul D. Speer S Associates, Inc., Municipal Finance Consultants, and is authorized for distribution to prospec- tive underwriters and purchasers of these bonds. All statements, information and statistics herein are believed to be correct but are not guaranteed by the consultants or by the City and all expressions of opinion, whether or not so stated, are intended only as such. We have examined the attached Official Statement dated November 8, 1978, for the $5,200,000 Park- ing Facilities Revenue Bonds, Series 1978, believe it to be true and correct and will, if requested, provide to the purchaser of the bonds at the time of delivery a certificate confirming to the purchaser that to the best of our knowledge and belief the information in the Official Statement was at the time of acceptance of the bid for the bonds and, including any addendums thereto, was at the time of delivery true and correct in all material respects and does not include any untrue statement of a material fact, nor does it tomit the herein, in thlight of the circumstances material fact required which thestated were made, not misleading. therein, or mal<e the statements /s/ ROSEMARY VITOSH Direetm' of Finance November 8, 1978 /s/ Y AL G. BERLIN C tv Manager 0 IY FILMED BY JORM MICR+LAB I CEDAR RAPIDS • DES MOINES u o J 'o C v F � n w � U _ u Z. V_ FQm 00 as r -i d �Y d °yam y.t E_ d F () be 'u G C a 4V C.p �,yYCO 6Ck J1O- �o AO p`' 7 G^•pi MC trO cn V-0 0 <D UI 'O tD 9 O �:n 17; N iD o 0 Ei R.� 25 ,0,,,, �� VI l9 nr RR y P n 0 W-0 ,.j 4'0 do O_ O p G•^ n n. 'dGdOW F nn nOp�d X0:0 n' x OOGOp Ov ny Gy O O,^^•p cep O••...,<P y R N of G A Mel N ."' T P p (7D ^ ." Q p e) �< (l M Q�l ,p A 0 83.v G?O GR0 ��• 07N7N N O -i0 "^' 'O� 7Yna+ GN 0p cc,T�3Mc-- A�p•ryp- S' or.c'< `mac ocn� N�m"'�; n L7.T =0. N H 70`:0'.11 »d :+O GG 7 =,~G y7•0,p m 7,'Pw 7�^y� 01 7 n <7 7n tn00 �0 n O'o .7. 7.0 ,+N a7,y0m Y G'73NO 00 O^V- °7`.:Rle W \ ,7'0^? C 70 O, y O=P j `' Papi 1,0&,0 dN �C Sa :f laOp'4 2���,R�no . MIPM Li �GtnO fDR �• n^pA 0.10 W »iY M, Rnn•n Gd 1y=7„oi rb OK N'C:0 AA <epr,O ('i GR-^�•R�< r m�cRo=�ndnp I'i'1 N O Cn n r7. < M M iA• O- Fr] N ,+.... n T '.: 7•'C1 N on P 1p• fD C<i( 7 0C R O,^*n ,.�. �0;a p O R A NIo O7 p�&q P.b h a' K M,�S Cep o'< H ON G r�7 MN ,O yCP� 0 Q.fa A z K0(07,,,n Roe `G R �.p H G7'�.�0 VI ,G^,'OO W 7N Ia7• O N",� cM m m^'9n nonce Oy .Ay p„7'<7i �,�Q OyR.o 7' GO"Gm WM �.b .0 mNP"M N N ,,. (D p1 M d N � O M � R R N R N A 0 0 d G N O < ? d0 7 p P R^ .�.. K'R R G .^� O-10 . aI O !q ,y rr V p d'<� �e�t� �. OM `<� d� eq G^'', �-1 M7 3 (7i MCO G CMNo p'< Da O S p 'd ... eY 7 N i'< y 3 N M � O 7 " Iwo M y.7 M M P 01 '� G p•".tRi R -=ZP0'r, O y ,G.'N R p N dR 0, N p .. tD mw9'_�7'p v+ ^y? 7Mm,. n, m lnNnH O O� N n Pi M n Cr "�rni <O W 0 M0 r<a ,0-n'=Ot O M t7ii 070 trG,o "(DO„'~woCD �ovn:s- n 7� 8o c •w K'7cc 10� rGj720 NtDole PL 7` NR eq o0 C n GN n R < ev ndC•Op .Ri.bd O�pG :Pay C� p7 N00� ie 'MaG+ �0`°Opeb mcg°' 0 0 `.'m KM W 0 �o+� 7N p7M.�.., to Xo °'c �� oaf.°y .*°,3m m�'c.mmo. MmnC mRl°i< No MRO 0, N'< CITY OF IOWA CITY, IOWA Parking Facilities Revenue Bonds, Series 1978 Flow of Funds Table 1995 .............................................................. 1,046,362 1 1,046,362 243,200 ni (2) (3) Operation & (4) (5) (6) (7) Total (8) (9) 290,000 467,10D Yens - Ending Gross Revenues(2) Alainlenance 17und(2) Net Revenue(2) InleresL (Based on 7%) Principal July 1 Debt Service Coverage nand Reserve Imp .;. 803,162 1977............................................................ $ 465,838(1) $ 89,297 $ 366,541 $ $ $ 111,650 $$ .� -, 1.70x 1978 623,048(1) 106,296 416 762 385,000 471,460 1.70x 2002 .............................................................. 1,046,3G2 243,200 803,162 59,500 ............................................................. 469,500 1.71x 2003 .............................................................. .............................................................. 1,046,362 243,200 803,162 30,800 440,000 470,800 ` Totals 1979 .............................................................. 455,500 654,010 110,000 165,000 345,500 488,410 Capitalized 121,333(4) Notes: 121,339 4,OSx 471,760. 1980 1981 848,188 220,700 627,488 364,000 _ 364,000 1.72x (8) ............................................................ 1982 947,225 231,700 715,526. 364,000 105,000 469,000 1.63x (5) To illustrate debt service coverage for the entire maturity schedule, gross revenues, .:........................................................._ 1983 1,0.16,362(5) 243,200(5) 803,162(5) 356,650 115,000 471,660 1.70x Bond Reserve from bond proceeds. $00,000 deposit required in ........................................................... 1984 1,046,362 243,200 803,162 348,G00 120,000 468,660 1.71x (7) Columns 6 through 11 projected by Paul D. Speer & Associates, lue. ....................................................... 1986 ........... 1,046,362 243,200 803,162 340,200 130,000 470,200 1.71x ' ..... .......... ............ ... .......... 1986............................................................ 1,046,362 243,200 803,162 331,100 140,000 160,000 471,100 471,300 1.70x 1.70x • "' - 1987 1,046,362 243,200 803,162 321,300 1988 1,046,362 243,200 803,162 310,800 170,000 470,00 1.71x ' - .................................................. 1989 1,046,362 243,200 803,162 299,700 170,000 469,6600 1.71x ............................................................ 1090 1,OAG,362 243,200 803,162 287,700 180,000 467,700 1.72x .............................................:............. 1991 .. 1,OAG,3G2 243,200 803,162 276,100 196,000 470,100 1.71x • -, .:. ....................... ...... .......................... O 1992 . . ...... 1,046,362 243,200 803,162 261,460 210,000 471,450 1.70x .................... ...................... 19D3 1,046,362 243,200 803,162 246,760 226,000 471,750 1.70x .......................................................... 1994 1,046,362 243,200 803,162 231,000 240,000 471,000 1.71x .......................................................... 243 200 803 162 214 200 255,000 469,200 1.71x 1995 .............................................................. 1,046,362 1 1,046,362 243,200 , 803,162 1 196,350 275,000 471,35D 1.70x 1996 1997 ....................... ........... ....... .... .._ ...... 1,046,362 243,200 803,162 177,100 290,000 467,10D 1.72x 1998 .............................................................. 1,046,362 243,200 803,162 156,800 310,000 466,800 1.72x 1999 .............................................................. 1,046,362 213,200 803,162 135,100 335,000 470,100 1,71x 2000 .............................................................. 1,046,362 243,200 803,162 111,650 360,000 471,050 1.70x 2001 .............................................................. 1,046,362 243,200 803,162 86,450 385,000 471,460 1.70x 2002 .............................................................. 1,046,3G2 243,200 803,162 59,500 410,000 469,500 1.71x 2003 .............................................................. .............................................................. 1,046,362 243,200 803,162 30,800 440,000 470,800 1.71x. Totals (Includes 1979.2003) ........................ $24,878,526 $6,835,200 $1.9,043,325 $5,727,533 $5,200,000 $10,927,533 1.74x $471,760 Notes: (1) Excluding nanaemirring receipt& -1877 at $105,.428 and 1978 at $161,720. (2) Columns 1-4, inclusive, are as projected by Carl Balker & Associates, Inc., Parking Consultants, Alinncapolle, Afinnesnta. (2) Surplus pro -rated to 7 months from December 1, 1978. (4) This figure reflects use of 8 months capitalized interest equalling $248,687. (5) To illustrate debt service coverage for the entire maturity schedule, gross revenues, operation and maintenance expenses and net revenue remain at the amounts ing consultants. Estimates of gross revenues include $17,500 induced bit the 140 roma holo( in 1981, $21,000 in 1982 and $26,000 thereafter. (0) The maximum year's debt service ($471,760) will be deposited in the Bond Reserve from bond proceeds. $00,000 deposit required in 1981 and subsequently if used for debt service. (7) Columns 6 through 11 projected by Paul D. Speer & Associates, lue. MICROFILMED BY .I DORM MI C R+L AB lE6AR RAPIDS • DES MOINES _ Why J 16 "0 0, rj O N Mm 1 ''m `Y Clo-i 7S ' G O W p • W m G`Tn .+G Sp O m W. ,. o v m m rn m at 'X" O%M" o I m O0O.TO �l v mAy uiw G;ry W 0 wb gyhCm O m 0inn 1 0 ,mom m m m A y0 O -•W G.Mm. m.<- mmG m W •n3 fee v00"4 < 7 (ny�Op W W W <' W O0� m p ❑°mOmo�w O%,y,0 U1�N mr0+, yi ^ Pat, ,+ w m er%mO'm SO u'i�M0010 Wm.GC%w� K m." Gc.mm� m < rt m Cl GID Mts C-G� �•'' ci O, m '<'rmv °y '<G Am== �Im W � ma.m o �1 mo=i CL CITY OF IOWA CITY, IOWA rt m•G �U1 Om7. 0^b N p.m - U! 'n0 tD u. o• T °m no^, � x _S m 7 •-' . 'RN%MM�Gip- w� m '~i' -a ? 0.m ONeoY W O• O ^ O = M, ON N (6) ME �^ (8) (9) q! hni WW=� i --n Mo .m,W_' G.O,o m O ,m O7 O'C. O 7 m S= m at G'O ' m 'p G G. m W n 'Z N m y N ZIP w 7 a'..63mno-c W cm0.=-'� d Z 't .��. G a' O at m ,W.' 7 G W °1 O. ('1 C) o. cmp C+] Revenue(2) (Based on 7%) 0<1"ima0 ='c 0 =,,m z F m'•" H C m at 0�n mG to. °' Cm w!nN m H N,pn G O,T a'mPm=00• 0'001. H 6,'m m" m 106,296 S.ry� 7 Z ^mR T3,m% OiW� RN" o 10 �•w m+M. 7+ -. G� Gy " �W O M i C^ip y C1 ? 46.4.`6 C 'r G y M W V yyp7 201,541(1) GU ;CWW 488,410 =NOn< a; mm Sy =�0.c' 4.03x �n ,..� 367,077 " OOO om"o=0V W-r---n'y R at 0�-n,pon- 1.72x (6) T1 •SO.O y c; o o :ro 00 y0 °n 364,000 Wo 2.0'.1 w' 0 1.53x O " C ,,,,,,,,;,;,,,,,,,,,,,,,,,;;,,,,,,,4 .6.4.....4 1,046,362(5) O .-'t. G M W G• yo PV 115,000 ..500" m O O ro G 7 m 0 �m w n n wir C.m mm 243,200 p.., ryN� ,X' io,�0n(7 W=0 W""S?Na0 _ Why J 16 "0 0, rj O N Mm 1 ''m `Y Clo-i 7S ' G O W p • W m G`Tn .+G Sp O m W. ,. o v m m rn m at 'X" O%M" o I m O0O.TO �l v mAy uiw G;ry W 0 wb gyhCm O m 0inn 1 0 ,mom m m m A y0 O -•W G.Mm. m.<- mmG m W •n3 fee v00"4 < 7 (ny�Op W W W <' W O0� m p ❑°mOmo�w O%,y,0 U1�N mr0+, yi ^ Pat, ,+ w m er%mO'm SO u'i�M0010 Wm.GC%w� K m." Gc.mm� m < rt m Cl GID Mts C-G� �•'' ci O, m '<'rmv °y '<G Am== �Im W � ma.m o �1 mo=i CL CITY OF IOWA CITY, IOWA rt m•G w N^_ W Om7. 0^b 7 V C. 0 m U! 'n0 tD 'O O OQ of Funds Table M' m G O p _S m 7 •-' . F Nyo= m '~i' -a ? 0.m 1%q 0��,y.' G (6) (7) (8) (9) q! K 'yi �'rtno - ....p - m 7 at 7 7 v0 at G'O ' m 'p G G. m W ,50 In= Gross ' Maintenance Net Interest Mai fD i ^• "''.] Bond �' n M m�J•.'1. Gv C= W % TN M Revenue(2) (Based on 7%) July 1 O nW Qi CIL W Oh mG to =G 0 $ 89,297 , G, OO nm W O $ N,pn G O,T wG W m O M nW CO p $ 6,'m 'Z O y 106,296 S.ry� 7 0'.o 10 <SC~ey -. G� Gy " 345,500 W O C1 ? 46.4.`6 C 'r G y M V yyp7 201,541(1) GU ;CWW 488,410 =NOn< m'mN=0O In = O 4.03x �n =O.G^. 367,077 " OOO om"o=0V n -_W R at 0�-n,pon- 1.72x (6) T1 •SO.O y c; o o 947,225. m m °n 364,000 Wo 2.0'.1 w' 0 1.53x 60,000. 186,525 G ,,,,,,,,;,;,,,,,,,,,,,,,,,;;,,,,,,,4 .6.4.....4 1,046,362(5) O .-'t. G M W G• yo 366,650 115,000 m %gip=• �m w n n mnr�?_ WOW O 243,200 p.., ryN� 120,000 Sm($64 mG W�O W=0 W""S?Na0 pmZ W W 60,000 Mw aw Vp 243,200 01CW% 'rmmc ncG' 130,000 470,200 1.71x 60,000 272,OG2 ,,,;,,,,,,,,,,,,,,,,,,,,,,;,,,,,,,,,,,,,,,,,,,,,, 1,046,362 pO• "� 803,162 ,<N O p.W W 471,100 NNp Wn m m m% O. 272,062 ;,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, 1,046,362 mT7 : nGW 803,162 p�p.�G m<m.p 0; wpm VO4 A.v M„7 1.70x M�.m 271,862 C_,.,,Wn, 0epi,n m'y n 0mM 310,800 W m �GSF0-.mn.W 1.71x 014 no p,m"P.":5< `00,_, ,,,,,,,,;,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,4......... .1,046,302 a,m '+Wm1 V5 W 299,600 m--o,tM 469,600 O p ,G_' W ts 1, r A�myy at G. M O. ,,.,,,,,:,,,,,,,,;;,,,;,,,,,,,,,,,;,,4......:......... .1,046,362 g m O' 803,162 •'O.,G'm1 180,000 O M sill �O tYG mo 5, Nim p a7 O.w 243,200 El �'O�" 195,000 rrbGG n Z5. G..O N O 60,000 278,062 % m 243,200 1c: m 'mMM 210,000 471,450 1.70x 60,000 271,712 n% < = 803,162 o m G �Wi ,'o w 471,750 m "c � � r 026 c mane 271,412 NO Omq m 803,162 231,000 n'a.� eKm ;;m=m 471,000 1.71x 60,000 272,162 OTm< 243,200 _ Why J 16 "0 0, rj O N Mm 1 ''m `Y Clo-i 7S ' G O W p • W m G`Tn .+G Sp O m W. ,. o v m m rn m at 'X" O%M" o I m O0O.TO �l v mAy uiw G;ry W 0 wb gyhCm O m 0inn 1 0 ,mom m m m A y0 O -•W G.Mm. m.<- mmG m W •n3 fee v00"4 < 7 (ny�Op W W W <' W O0� m p ❑°mOmo�w O%,y,0 U1�N mr0+, yi ^ Pat, ,+ w m er%mO'm SO u'i�M0010 Wm.GC%w� K m." Gc.mm� m < rt m Cl GID Mts C-G� �•'' ci O, m '<'rmv °y '<G Am== �Im W � ma.m o �1 mo=i CL I FIL14ED BY j 9 i JORM MICR+LAB CEDAR RAPIDS • DES MOINES CITY OF IOWA CITY, IOWA Parking Facilities Revenue Bonds, Series 1978 Flow of Funds Table . (2). (3) (4) (5) (6) (7) (8) (9) (10) (11) Operation & Total Gross ' Maintenance Net Interest Principal Debt Bond Revenues(2) Fund(2) Revenue(2) (Based on 7%) July 1 Service Coverage Reserve Improvement Surplus .............:.::.......:..........::.................. $ 455,838(1) $ 89,297 $ 366,541 $ $ $ $ $ $ .............. :........................................ . 523,048(1) 106,296 416,752 .......... ............................................. 455,500 110,000 345,500 Capitalized -0- 201,541(1) ..........................I.......... 654,010 165,600 488,410 121,333(4) 121,333 4.03x 471,750 -0- 367,077 848,188 220,700 627,488 364,000 3G4,000 1.72x (6) 60,000 203,488 947,225. 231,700 715,525 364,000 105,000 469,000 1.53x 60,000. 186,525 G ,,,,,,,,;,;,,,,,,,,,,,,,,,;;,,,,,,,4 .6.4.....4 1,046,362(5) 243,200(5) 803,162(5) 366,650 115,000 471,650 1.70x 60,000 271,512 61;1,,,;,,,;,6,,,,;,,,,,,,,,,,,,,,,,,,,,,,4....66 1,046,362 243,200 803,162 348,600 120,000 468,600 1.71x 60,000 274,562 ;,,,,,,,,,;,,,,,;,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,4...... 1,046,362 243,200 803,162 340,200 130,000 470,200 1.71x 60,000 272,OG2 ,,,;,,,,,,,,,,,,,,,,,,,,,,;,,,,,,,,,,,,,,,,,,,,,, 1,046,362 243,200 803,162 331,100 140,000 471,100 1.70x 60,000 272,062 ;,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, 1,046,362 243,200 803,162 321,300 150,000 471,300 1.70x 60,000 271,862 ,,;,;,,;,,,;,,,,,,,;,,,,,,,,,,,,,,,4...:........ 1,046,362 243,200 803,162 310,800 160,000 470,800 1.71x 60,000 272,362 ,,,,,,,,;,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,4......... .1,046,302 243,200 803,162 299,600 170,000 469,600 1.71x (30,000 273,562 ,,.,,,,,:,,,,,,,,;;,,,;,,,,,,,,,,,;,,4......:......... .1,046,362 243,200 803,162 287,700 180,000 467,700 1.72s: 60,000 275,462 .' ....:..::...:.:.:..........::...............A.. .1,046,362 243,200 803,162 276,100 195,000 470,100 1.71x 60,000 278,062 ,,,,,,;,,,,,,,,;,,,;,,,,,,,,;,,;,,,,,;,,,,,,,,,,,,,,, 1,046,362 243,200 803,162 261,450 210,000 471,450 1.70x 60,000 271,712 ,,,,,;,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,4.... 1,046,3G2 243,200 803,162 246,750 225,000 471,750 1.70x 60,000 271,412 ;,,,,,;,,,,,,,,,;,,,,,,,,,,,,,,,,,;,,,,,,,,,,,,,,,,,,, , 1,046,362 243,200 803,162 231,000 240,000 471,000 1.71x 60,000 272,162 .......::.:.:...:.........::.:::........6.....;:..... 1,046,362 243,200 803,162 214,200 255,000 469,200 1.71x 60,000 273,062 ,,.,,;,,',; ....... :........... .::................ ...... ' 1,046,362 243,200 803,162 196,350 276,000. 471,350 1.70x 60,000 271,812 ,,,,,,,,,,I....... 1,046,362 243,200 803,162 177,100 290,000 467,100 1.72x 60,000 276,062 ...:.........:..................................... 1,046,362 243,200 803,162 15G,800 310,000 466,800 1.72x 60,000 276,362 ,,,,,,,,,,,,,,,,,,,,,,,4,,,4,1,,1................. 1,046,362 243,200 803,162 135,100 335,000 470,100 1.71x 60,000 273,002 ............::................:........4............... 1,046,362 243,200 803,162 111,650 360,000 471,650 1.70x 60,000 271,612 .................. 1,046,362 243,200 803,162 86,450 386,000 471,450 1.70x 60,000 271,712 ...................................................... 1,046,362 243,200 803,162 59,600 410,000 469,500 1.71x 60,000 273,662 .................................................6.... 1,046,3G2 243,200 803,iG2 30,800 440,000 470,800 1.71x 60,000 272,362 odes 1979.2003) ........................ $24,878,525 $5,835,200 $19,043,325 $5,727,533 $5,200,000 $10,927,633 1.74x $471,750 $1,380,000 $6,700,833 Excluding non-recurring receipts -1977 at $195,222 and 1978 at ¢701,720. Columns 1.4, inclusive; are as projected by Carl Welker & Associates, Inc., Parking Consultants, Alinneopolis, Alirmesola. Sturpltte pro -rated to 7 months from December 1, 1878. This figure roffeete use of 8 months capitalized interest equalling #242,987. To illustrate debt service coverage for the entire maturity schedule, press revenues, operation and maintenance expenses and net revenue remain at the amounts calculated for 1981 by the park- ing consultants: Estimates of gross revenues include $17,500 induced by the 140 roots hotel in 1981; $21,000 in 1982 and $25,000 thereof for. The maximum year's debt service (#471,750) will be deposited in the Bond Reserve front bond proceeds. $60,000 deposit required in 1981 and subsequently if needed to replace reserve funds used for debt service. Columns 5 through 11 projected by Paul D. Speer & Associates, Inc. I FIL14ED BY j 9 i JORM MICR+LAB CEDAR RAPIDS • DES MOINES i riTlfUi-ILiILu BY JURM t•IICROLAB • CEDAR RAPIDS n,iO DES '10 tlr ;n,f Amh 73 OFFICIAL NOTICE OF SALE $5,200,000 CITY OF IOWA CITY, IOWA Parking Facilities Revenue Bonds, Series 1978 Sealed bids will be received until 1:00 P.1K, Local Time, on the 21st clay of November, 1978 at the office of the City Clerk in the Civic Center, Iowa City, Iowa, for the purchase of $5,200,000 Parking Facilities Revenue Bonds, Series 1978, of the City of Iowa City, Iowa. Promptly thereafter open bids will be called for in the Council Chambers at the meeting of the City Council of said City to be then held in the Civic Center in said City. If no open bids are then made, such bidding will then be closed but if commenced, will be concluded not later than 1:30 P.M. on the (late of sale. After the best open bid, if any, has been determined, the sealed bids will be publicly opened. All bids will then be referred to the City Council of said City and the bonds will be sold to the highest bidder for cash. Sealed bids will be fully protected and will remain sealed until open bidding has been concluded. Said bonds will be payable at the office of the City 'Treasurer and will be coupon bonds registrable as to principal only, will be dated December 1, 1978, be in the denomination of $5,000, bear interest pay- able Judy 1, 1979 and semiannually thereafter on the first days of January and July in each year, and mature serially on Judy 1 of each of the respective years as follows: MATURITIES—July 1 $105,000 ........................ 1982 $170,000 1989 $290,000 ........................ 1997 115,000 ........................ 1983 180,000 1990 310,000 ........................ 1998 120,000 1984 195,000 1991 335,000 ......................... 1999 130,000 ........................ 1985 210,000 1992 300,000 ........................ 2000 140,000 1980 225,000 1993 385,000 ........................ 2001 150,000 1987 240,000 ............... 2002 1994 410,000 ......... 100,000 1988 255,000 ....................... 1995 440,000 . 2003 275,000 1990 Bonds maturing 1982 to 1990, inclusive, are non -callable. Bonds due July 1, 1991 to 2003, inclusive, are callable on any interest payment date on or after July 1, 1990, in whole or in part, in the inverse order of maturity and within a maturity by lot, at par plus accrued interest and a premium of 5 % such premium reducing by 1/2 of 17c each full year after July 1, 1990. The proceeds of these bonds will be used for the acquisition and construction of additions to the municipal parking facilities system, including multi-level facilities for the parking of motor vehicles. These bonds are payable, both principal and interest, solely from the revenues of the parking system of the City of Iowa City in the manner set forth in the Resolution authorizing them, and in no event shall constitute an indebtedness of the City within the meaning of any constitutional or statutory limitation. No tax funds of the City can or will be used for the payment of either principal or interest. Bidders shall specify the interest rate o urates which the respective bonds shall bear, not exceeding 7-1/2%, in multiples of one-quarter or one-tenth of one percent (1/4 or 1/10 of 1%), provided that only one rate shall be specified for a single maturity and not more than six (0) rates may be named. Repeat- ing a previously mentioned interest urate will not constitute an additional interest rate. The highest rate bid for the bonds shall not exceed the lowest rate by more than two percent (29c) per annum. Each installment of interest will be represented by it single coupon on each bond and no supplemental coupons will be permitted. All bids must be for all of the bonds, must be for not less than $5,200,000 plus accrued interest from December 11 1978, to the date of delivery, must be made upon the Oliicial Bid Form and delivered in a sealed envelope marked "Bid for Bonds." The bonds will be awarded to the best bidder determined upon the basis of the lowest total interest cost at the rate or rates iand without rin his eference d from December 1, 1978, to the respective maturity elates, after deducting any premum to prior redemption dates. The bonds will be delivered without expense to the Purchaser in Des Maines, Iowa, or Chicago, r Illinois, at any mutually agreeable bank or trust company, against full payment in immediately available cash or federal funds. The bonds are expected to be delivered within thirty days after the sale. Should delivery be delayed beyond sixty clays from date of sale for any reason without the fault of the issuer, or except failure of performance by the purchaser, the purchaser may withdraw his check and thereafter his interest in and liability for the bonds will cense. (When the bonds are ready for delivery, the issuer will give the successful bidder five working days notice of the delivery date and the issuer will expect payment in full on that (late, with the offer otherwise reserving the right at its option to determine that the bidder has failed Said bonds will be sold subject to the approving opinion of Alders, Cooney, Dorweiler, Haynie & Smith, Attorneys of Des 1lfoines, Lown, as to the legality and their opinion will be furnished, together With the printed bonds, without cost to the purchaser and all bids will be so conditioned. Except to the extent necessary to issue their opinion as to the legality of the bonds, the attorneys will not examine or review or express any opinion with respect to the accuracy or completeness of documents, materials or statements made or furnished in connection with the sale, issuance or marketing of the bonds. The opinion will be printed on the back of the bonds. All bids shall be accompanied by a certified check or a cashier's check drawn upon a solvent bunk doing business in the United Stales, in favor of the City, in the amount of $104,000. The proceeds of said check will be forfeited as liquidated damages in case the bidder to whom said bonds are awarded should withdraw his bid o• fail to complete his purchase in accordance with the terms thereof. Checks of unsuccessful bidders will be returned promptly and no interest will be allowed on any checks. The check of the successful bidder will otherwise be returned or applied on the purchase price at delivery at the option of the City. The City Council reserves the right to waive informalities in any bid, to reject any or all bids and to determine in its sole discretion the best bid. The City Council has authorized the preparation of nn Official Statement containing Pertinent into - relative to the City and the Municipal Parking System. For copies of that Statement, the Official motion Notice re Sale and Official Bid Form, o for any additional information, any prospective purchaser is referred to the Municipal Finance Consultants to the City, Paul D. Speer & Associates, Inc., 20 North Wacker Drive, Chiengo, Illinois 00000. Telephone: Area 312-340-0858. By order of the City Council of the City of lown City, Iowa. /s/ AanIE STOLFUS November 8, 1978 City Cleric 10 �MICROFILMED BY _ •I JORM MICR+LA9 I CEDAR RAPIDS • DES MOINES N ut(Ui il-i•ILu by JORM MICROLAB CEDAR RAPIDS A11D D WITNESS our signatures, this - I I-, two------ to be elected) r Num»( Twent three thousand four hundred -Twelve ballots cost, of which _________________ ' ndred_ ei_ htY-fJveiotas There were.__.___l =_______Donnellythousand five hu__ g - M__---- lY_____________had_._-_--------------------- -______Harold - _______Dennis .J-.Langenberg___._______had Tftn_tbousaad_eight ftundred-eighty-nine--votes ei ht hundred seventy-etghtdotes - i N ut(Ui il-i•ILu by JORM MICROLAB CEDAR RAPIDS A11D D WITNESS our signatures, this - Johnson Luunty Supervisor__ (four year_ ter....__--- I-, two------ to be elected) FOR THE OFFICE OF__________________ Num»( Twent three thousand four hundred -Twelve ballots cost, of which _________________ ' ndred_ ei_ htY-fJveiotas There were.__.___l =_______Donnellythousand five hu__ g - M__---- lY_____________had_._-_--------------------- -______Harold - _______Dennis .J-.Langenberg___._______had Tftn_tbousaad_eight ftundred-eighty-nine--votes ei ht hundred seventy-etghtdotes H John Jr Ten thousand ----------- �----=----------'- —had -_--'------'--'-' - ----'------_''_- _Dane ------------------------- -------------had------------------ """''see bttachetlent)' votes Votes ---had-----•--------•---------------------- 11.--Do9ne1ly--and__Dgnnis_ J._ Langenbery____ __________ _______was/were elected. and_____-___Harold East_Central Library_ Board Trustee _ .. _ _ _ f_ one ....... to be elected) FOR THE OFFICE 6F. _Regional (Numb°( cost, of which There were _______..___ ___________________ballots David R. Dugan had Five.thousand _three_ hundred_ nine -------- votes ---•--had ---- Larry Manasmith --- One ---------------------------------------votes ----------------- - -------•------- had votes had ----------------------------------'--------- votes - ------------------•--------------------•---- --had-----------•-- - --------•-----•-•- --- votes - - Davi d DU an was�were elected. and--•-------------R.-----�------•------------------------•------------------------ Iowa City Library Bond Issue ________________ FOR THE SPECIAL PROPOSITION: _________________._.__._._______ -------------------------------------------------------------------------------------------- FOurteell_thousprlA eyen_hundred_forty-one_____________________ ballots cast, of which There were___ Eight thousand four hundred twenty-four votes were for the proposition, and •-- ----------------- ------------------ _ _ _ _ _ _ __ __ _ _ __votes Fi ve thousand seven --------------- were against the proposition. Iowa City Hotel -Motel Tax______________________________________ FOR THE SPECIAL PROPOSITION__________ FOR EQurteenahousan d hun d redi.forty-one_ _ _ _ _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ ballots cost, of which _ There were ... _seven_ Four thousand six hundred seventy-eight __ ..... votes were for the proposition, and -.______.E].gKt-thOUSaflil__Wrty'tw0------------------•---••---voteswereagolnsttheproposition. ------------ Ej-gKt -thOL!Sanil- -Wrty:'tKQ ----------- FOR THE SPECIAL PROPOSITION:___ COralvi11e_ -Hotel 7!19�teLl_ Tax_____________________________________ One thousand eight hundred eighty UwQ� ----ballots cost, of which There were--------------------------------------eigundr'"3�------- Si hundred fort three /,��._ CO votes were for the proposition, and Nine hundred t votes were against the proposition. ----------------------------------------------------- '-••-- -J C ---- -"'"'--__-"--"" ----------- FOR THE SPECIAL PROPOSITION: ___._ _..__ y -- ----� c• --------------------------- -------------------•---------------------------- �' o !_� cast, of which There were _l__---' ---._. --••--------•- -------------------------------------------- -- - �o .............ballots votes were for the proposition, and the _ votes were a ainst proposition. g 14t - h: day of-. _----Ober A, D., 1978 _ _. / (OFfIC1Al fl Tl Fti (SIGNATURES) ,P.�I_ _ //�� 415 Canvassers __ ------- --------------------------------------- ..................... T ' pp,,,, .2 0.2 C 4LC d ' .D ' ii EE° nom. m^; ES 39E'E,'g .ori wE d W O m iE 51=§ o�%'� c-BeEoEc>°u Qo^ i O H 'N of oP M�QuC'- ea �o cv°' c9.r O 0 �" 1 i�'� ita O»s°t`o'o-g8"52'�€�'S�o» Bu� 8 Cr o »-vr-c 'C 'a -E'Tpp cy0 '�SiiEGra gBoo°�jE'$E�C »c'9! »a€JgI LL ova UO o °8o� i°n v ~ mgEEF e 8$J4{ � IIL •J I ,S E 0 is tirU Co.•?,f–oog`Z-,'6_ o=i`o 85 Ln 0 m 'v N a yO iLS eo3B�S C= .9-0 Q tQ o 0 U C W Q C 204 i MICROFILMED BY JORM MICR¢LAB CEDAR RAPIDS • DES MOINES mILr(t il-Mcu By JURM MICROLAB 1. +1 CEDAR RAPIDS AND M ABSTRACT OF VOTES I For ----- --lX--------------- Offices - _ Questions and - --,'�- of . _ .�o��mscnoouCI cast in the veral voting precincts there- of atthe__���- --?:__ Election held therein. tjov WZU4- A. D., 19 - File in my office on this_ _L� _1� da��y County Commissioner of Elections Section 50.24*CANVASS B 0 RDs OF shall VISORS. Tho county board of to canvass the vete at nine o'clock an the morning of the first Manday after the day of each election to which this chapter is applicable, untess the law au' thorising the election specifies another data for the canvass. If that Monday I+ a Public holiday. Iles Pwvidolss of +utlon lour Point one (4.Ib twenlY-two h�dl6.1 list oard Fall men lonaMmmmss inn cenv+ning, tally lists and shall prepare abstrOf votes cast In acts stating, n words w,j"en at or In Ihagtlh. theponion Ofthe county, in which the county• the election was held, for each off', or m each shall if nhert indcaibe le ballot namefar the a'leach Pelsonstw 0 mwlved votes for each office on the ballot, and the number of votes each person named remivod for that olliw, and the number of votos for and against each question submined to the voters at the election. The County Board of Supervisors shall canvass the mNms for School Dinrins on the i ISennd27TSectio7O rhSchool Election. (e 1 The CountyBoard of SuPen'Iwn +hall canvass the vote for Area Vocational Schools or Neo Community I College on the last Monday In, � Section 280A.15.1 i r . �4eMICROFILMED By i I il JORM MICR+LAB CEDAR RAPIDS • DES MOIRES Y • I � a s, a 1 T 0 A N Sf S m I m Its m ne 'i m m; vm Q fm e ' C tO ' 9 =' ;M 'X ;10 I o ;Z "% A 0 ;9 C 3' S iS 'fD , 0 i 3 �'o- '� c' 0 .0 'S ov O �a;.. ,a 2 X'd, G..� iry CL 1n) 1M ;m ;a A .to 1 '-I , 1 °h�so 'I Irg 7 Co,, Iowa i I Nr6uolroR< < ' !< '< O S , Oy Oy I I O O ' ,nn 1 I I N , O1 � ; O G ; Q O a 7• S 0 ' y O 1 + N, O O N "O '" ; S p n' ' 0 O n S O n N M O -0 V U N ' .0 0 N 1i p O *' 0 .. 0 '' ' V O R, 1 f 0' ' •0 O 1 O 0 p 0 S i a ? FPo- J' 0 F3 a �+ , , p o• rr I II I I �I +1 CEDAR RAPIDS AND M ABSTRACT OF VOTES I For ----- --lX--------------- Offices - _ Questions and - --,'�- of . _ .�o��mscnoouCI cast in the veral voting precincts there- of atthe__���- --?:__ Election held therein. tjov WZU4- A. D., 19 - File in my office on this_ _L� _1� da��y County Commissioner of Elections Section 50.24*CANVASS B 0 RDs OF shall VISORS. Tho county board of to canvass the vete at nine o'clock an the morning of the first Manday after the day of each election to which this chapter is applicable, untess the law au' thorising the election specifies another data for the canvass. If that Monday I+ a Public holiday. Iles Pwvidolss of +utlon lour Point one (4.Ib twenlY-two h�dl6.1 list oard Fall men lonaMmmmss inn cenv+ning, tally lists and shall prepare abstrOf votes cast In acts stating, n words w,j"en at or In Ihagtlh. theponion Ofthe county, in which the county• the election was held, for each off', or m each shall if nhert indcaibe le ballot namefar the a'leach Pelsonstw 0 mwlved votes for each office on the ballot, and the number of votes each person named remivod for that olliw, and the number of votos for and against each question submined to the voters at the election. The County Board of Supervisors shall canvass the mNms for School Dinrins on the i ISennd27TSectio7O rhSchool Election. (e 1 The CountyBoard of SuPen'Iwn +hall canvass the vote for Area Vocational Schools or Neo Community I College on the last Monday In, � Section 280A.15.1 i r . �4eMICROFILMED By i I il JORM MICR+LAB CEDAR RAPIDS • DES MOIRES Y • I � a s, a 1 T 0 A N Sf S m I m Its m ne 'i m m; vm Q fm e ' C tO ' 9 =' ;M 'X ;10 I o ;Z "% A 0 ;9 C 3' S iS 'fD , 0 i 3 �'o- '� c' 0 .0 'S ov O �a;.. ,a 2 X'd, G..� iry CL 1n) 1M ;m ;a A .to 1 '-I , 1 °h�so 'I Irg 7 Co,, Iowa i I Nr6uolroR< < ' !< '< O S , Oy Oy I I O O ' ,nn 1 I I N , O1 � ; O G ; Q O a 7• S 0 ' y O 1 + N, O O N "O '" ; S p n' ' 0 O n S O n N M O -0 V U N ' .0 0 N 1i p O *' 0 .. 0 '' ' V O R, 1 f 0' ' •0 O 1 O 0 p 0 S i a ? FPo- J' 0 F3 a �+ , , p o• rr I I•tiuiWH i4ED BY JORM 14ICROLAB \The University of low L 1 Iowa City, Iowa 52242 CEDAR RAPIDS AN 1647 Student Senate Mayor Robert Vevera City Council members Dear Sir or Madame: November 13, 1978 We are writing to you to vioce the official concern of the University of Iowa Student. Senate regarding an advertisement that appeared in the November 7, 1978, Dail Iowan. This advertisement pertained to Public Measure 16, the proposed five percent hotel/motel tax. There are several reasons why the University of Iowa Student Seante is concerned about the placement of the advertisement in the Daily Iowan: (1) The advertisement was unsigned; this means the advertisement may have violated state and municipal laws regulaitng political advertisements. (2) The advertisement falsely implied that long-term tenants would face the burden of paying at least part of the proposed 5% tax. This implication was a blatant misrepresentation of the facts. (3) It appears that there was no sound nor legal justification for the placement of this adver- tisement which, in turn, affected how a large number of people voted on the proposed hotel/ motel tax. and (4) We know that this advertisement affected the way in which a large number of students voted on the proposed hotel/motel tax. Therefore, we ask that the Iowa City Council and Iowa City Manager plan and implement: (1) an investigation of the actions taken by Richard Osterman and the Iowa City Apartment Association in placing the advertisement E LL. 0 Q D !u5 NOV 131978 AaBIE STOLFUS C)rf CLOK I 2137 s �• MICROFILMED BY - 4 DORM MICR+LAB I � CEDAR RAPIDS • DES MOINES it I•tiuiWH i4ED BY JORM 14ICROLAB \The University of low L 1 Iowa City, Iowa 52242 CEDAR RAPIDS AN 1647 Student Senate Mayor Robert Vevera City Council members Dear Sir or Madame: November 13, 1978 We are writing to you to vioce the official concern of the University of Iowa Student. Senate regarding an advertisement that appeared in the November 7, 1978, Dail Iowan. This advertisement pertained to Public Measure 16, the proposed five percent hotel/motel tax. There are several reasons why the University of Iowa Student Seante is concerned about the placement of the advertisement in the Daily Iowan: (1) The advertisement was unsigned; this means the advertisement may have violated state and municipal laws regulaitng political advertisements. (2) The advertisement falsely implied that long-term tenants would face the burden of paying at least part of the proposed 5% tax. This implication was a blatant misrepresentation of the facts. (3) It appears that there was no sound nor legal justification for the placement of this adver- tisement which, in turn, affected how a large number of people voted on the proposed hotel/ motel tax. and (4) We know that this advertisement affected the way in which a large number of students voted on the proposed hotel/motel tax. Therefore, we ask that the Iowa City Council and Iowa City Manager plan and implement: (1) an investigation of the actions taken by Richard Osterman and the Iowa City Apartment Association in placing the advertisement E LL. 0 Q D !u5 NOV 131978 AaBIE STOLFUS C)rf CLOK I 2137 s �• MICROFILMED BY - 4 DORM MICR+LAB I � CEDAR RAPIDS • DES MOINES i� I•tiuiWH i4ED BY JORM 14ICROLAB \The University of low L 1 Iowa City, Iowa 52242 CEDAR RAPIDS AN 1647 Student Senate Mayor Robert Vevera City Council members Dear Sir or Madame: November 13, 1978 We are writing to you to vioce the official concern of the University of Iowa Student. Senate regarding an advertisement that appeared in the November 7, 1978, Dail Iowan. This advertisement pertained to Public Measure 16, the proposed five percent hotel/motel tax. There are several reasons why the University of Iowa Student Seante is concerned about the placement of the advertisement in the Daily Iowan: (1) The advertisement was unsigned; this means the advertisement may have violated state and municipal laws regulaitng political advertisements. (2) The advertisement falsely implied that long-term tenants would face the burden of paying at least part of the proposed 5% tax. This implication was a blatant misrepresentation of the facts. (3) It appears that there was no sound nor legal justification for the placement of this adver- tisement which, in turn, affected how a large number of people voted on the proposed hotel/ motel tax. and (4) We know that this advertisement affected the way in which a large number of students voted on the proposed hotel/motel tax. Therefore, we ask that the Iowa City Council and Iowa City Manager plan and implement: (1) an investigation of the actions taken by Richard Osterman and the Iowa City Apartment Association in placing the advertisement E LL. 0 Q D !u5 NOV 131978 AaBIE STOLFUS C)rf CLOK I 2137 s �• MICROFILMED BY - 4 DORM MICR+LAB I � CEDAR RAPIDS • DES MOINES I4iL.1WtiLMLU BY JORM I-1ICROLAB CEDAR RAPIDS AND (2) any legal action that is warranted by that investigation, and (3) a special election for the reconsideration of the proposed hotel/motel tax (Public Measure #16) if it is considered warranted after the investigation. Thank you for your time and interest. Cordially YOurst Donn Stanley President, student Senate rte' John Frew Vice President, student Senate Paul McAndrew 'Jr. student Senate Housing Committee Chairperson MICROFILMED By JORM MICR+LAB CEDAR RAPIDS - DES MOINES w1U<OIii-MED BY JORM MICROLAB CEDAR RAPIDS AND PROTECTIVE ASSOCIATION FOR TENANTS Inca Afemorial Union F'v L IOWA CITY, IOWA 52242 NO171978 Phone 353.3013 ABBIE STOLFUS CITY CLERK November 16, 1978 Dear City Council Members and City Manager: In the meeting of the City Council on November 14, 1978, it was brought up in a public discussion that there should be further investigation into the motives behind the advertisement placed by Richard Osterman in the Daily Iowan about Public Measure No. 16. Osterman, president-elect of the Landlord Association placed this ad on Election day. The ad totally misrepresented the original bill which related to only hotel and motel tax. Instead, Osterman worded the ad to appear that it was a bill that would raise the rent of tenants of Iowa City and Coralville. This in fact, was not the case. Since the ad was placed in the Daily Iowan, which has primarily a student readership, this ad was obviously directed for the student -tenant vote. Public Measure No. 16 was defeated. Whether or nottican be determined if this ad made a difference is not really the issue. Osterman's motives are in question. Osterman said that he placed the ad to ask a question. This question cost $219.00 to ask. I would suggest that there might be more efficient ways to ask questions, or at least a less expensive one. So why did Richard Osterman, on behalf of the Apartment Owners Association place such an ad? I think that this is the question the City Council should explore. Obviously, there is an illegality here. Instead of prosecuting Osterman for the least possible violation, we would urge the council to investigate the matter further. If upon investigation there appears to be no fraudulent intent or ulterior motives involved, then, of course, the city should prosecute for the lesser offense. But first it should be established that there was no fraud before ignoring the possibility of more serious violations of the law. After all, Mr. Osterman paid more than the maximum $100 fine for violation of the municipal ordinance for the ad itself. lie appreciate your consideration of this matter and urge you to guide the City Attorney's office to inquire further into this matter. Sincerely, IdICROFiLMEO BY DORM MICR+LAB 1 CEDAR RAPIDS • DES MOINES Y I' CEDAR RAPIDS AND PROTECTIVE ASSOCIATION FOR TENANTS Inca Afemorial Union F'v L IOWA CITY, IOWA 52242 NO171978 Phone 353.3013 ABBIE STOLFUS CITY CLERK November 16, 1978 Dear City Council Members and City Manager: In the meeting of the City Council on November 14, 1978, it was brought up in a public discussion that there should be further investigation into the motives behind the advertisement placed by Richard Osterman in the Daily Iowan about Public Measure No. 16. Osterman, president-elect of the Landlord Association placed this ad on Election day. The ad totally misrepresented the original bill which related to only hotel and motel tax. Instead, Osterman worded the ad to appear that it was a bill that would raise the rent of tenants of Iowa City and Coralville. This in fact, was not the case. Since the ad was placed in the Daily Iowan, which has primarily a student readership, this ad was obviously directed for the student -tenant vote. Public Measure No. 16 was defeated. Whether or nottican be determined if this ad made a difference is not really the issue. Osterman's motives are in question. Osterman said that he placed the ad to ask a question. This question cost $219.00 to ask. I would suggest that there might be more efficient ways to ask questions, or at least a less expensive one. So why did Richard Osterman, on behalf of the Apartment Owners Association place such an ad? I think that this is the question the City Council should explore. Obviously, there is an illegality here. Instead of prosecuting Osterman for the least possible violation, we would urge the council to investigate the matter further. If upon investigation there appears to be no fraudulent intent or ulterior motives involved, then, of course, the city should prosecute for the lesser offense. But first it should be established that there was no fraud before ignoring the possibility of more serious violations of the law. After all, Mr. Osterman paid more than the maximum $100 fine for violation of the municipal ordinance for the ad itself. lie appreciate your consideration of this matter and urge you to guide the City Attorney's office to inquire further into this matter. Sincerely, IdICROFiLMEO BY DORM MICR+LAB 1 CEDAR RAPIDS • DES MOINES Y MiwWriLMEU BY JORM MICROLAB In Support CEDAR RAPIDS AND MICROFILMED BY J6F:IM fAICR+LAB CEDAR RAPIDS • DES MOINES V t•tii,it01-iLl4cu BY JORM MICROLAB CEDAR RAPIDS AND DES December 4, 1978 Ms. Karen Weir Protective Association for Tenants Iowa Memorial Union Iowa City, Iowa 52242 Dear Ms, Weir: At its regular meeting of November 21, the City Council received and office'on file ed your rcletter concerning tt violation ofmtheaCIty'sd. ecampaigntorney's finance ordinance. Also, the necessary papers have been obtained from the State to file a complaint with the Campaign Finance Disclosure Commis- sion pursuant to Chapter 56 of the Iowa Code. In addition, the City Attorney's office has researched the effect of mis- leading advertising on the validity of an election. The research indi ofand cates a6'election is given tsntPcietto that thmisleadin9natureohe advertisement invalidate the election. In examining the fradulent practices which are prohibited does tnoseem !Section 714,of within the Iowa Crinl ofaCode, thoseprohibited. issue The possibility of the violation of a Federal statue is also being researched. As.yet there does not appear to be a violation. Sincerely yours, Neal G. Berlin City Manager 1s / .. cc: City Clerk ✓ X138 IdICROFl LI4E0 BY •,� JORM MICR+LAB CEDAR RAPIDS • DES MOINES 141uc0riLNLu BY JOR14 MICROLAB TmE Hox¢ 319/351-1720 CEDAR RAPIDS AND DES Wnol 701 Oaknoll Drive Iowa City, Iowa 52240 For Rewarding Retirement Years November 8, 1978 Members of the Iowa City City Council 410 E. Washington Iowa City, Iowa 52240 Dear Council members: Y FEUM HOPE, E%ECUnvE DmEcraa I am writing this letter on behalf of the Board of Directors of Oaknoll Retirement Residence regarding the closing of Melrose Court. The Board wishes to go on record as opposing the closing of Melrose Court for the following reason: A Press Citizen article printed October 20, 1978, stated that traffic now using Melrose Court would shift to other streets such as Riverside, George and Sunset. We have presently 157 older people in Oaknoll, many of whom walk daily, on George and Sunset streets. Some of the residents use these streets to take friends or relatives out in wheelchairs, the particular streets being used because they are fairly level. While the residents of Melrose Court would undoubtedly benefit, it seems unfair to subject the residents on George, Sunset and Koser to the dangers of greatly increased traffic, with resulting noise and difficulty in cross- ing streets. Because of our concern for the safety and welfare of the residents of Oaknoll, we hope that the Council members will consider our objection carefully. Thank you for your attention to this matter. .✓ 7 DD/od Dorothy Difrling President Oaknoll Board of Directors :41CROFILMED BY 16RAA MICR+LA13 6EDAR RAPIDS i DES MOINES t-lyiUiil-HEu BY JURM MICROLAB CEDAR RAPIDS AND 1' December 4, 1978 Ms. Dorothy Darling, President Oaknoll Board of Directors 701 Oaknoli Drive Iowa City, Iowa 52240 Dear Ms. Darling: At its regular meeting of November 21, 1978, the City Council received and placed on file your letter concerning the proposed closing of Melrose Court. The pros and cons of this proposal were discussed, by the City Council at its informal meeting of October 30. A majority,of the Council is interested in closing Melrose Court. However, action will be taken only after alternative solutions for handling the traffic are considered. The Public Works Department presently is in the process of preparingthese r proposals for Council review. Your concerns will be taken into considera- tion when the final decision is made. Thank you for expressing your views. If you should have further comments or questions, please do not hesitate to contact me. Sincerely yours, �y- Neal G. Berlin City Manager Is / cc: City Clerk ✓ fly IdICRUEILMEO BY DORM MICR+LAB I CEDAR RAPIDS • DES MOINES 1 r I.1!wWt iLMcU BY JORM t•IICROLAB CEDAR RAPIDS ACID LUCAS, NOLAN & BoHxNAN LAWYERS +oe 1owA sure fiANX emL91N9 O. O.HOLAN (1902-1973) 2awAR0 w.LUCA5 IOWA Gr , IOWA 02240 JOHN T. NOLAN ALAN R.00HANAN November 13, 1978 ]19•]61.0221 FJVL 0 14 1978 Mayor Robert Vevera ABBIE STOLFUS Iowa City Council GTY CLERK Civic Center Iowa City, IA 52240 RE: Regular council meeting November 14, 1978, Agenda Item No. 15. Dear Bob: With reference to the ordinance restricting truck traffic on Kirkwood Avenue, equal consideration should be given to the residential streets serving ADS from the north, such as Summit, Oakland, and Rundell Streets, so that trucks that would be prohibited from Kirkwood are not dumped over to the school and residential area to the north of Sheridan. The industrial traffic is bad enough now without further aggravation which would be caused by a heavy truck traffic embargo on Kirkwood. Would you kindly enter this into the record for consideration at the regular agenda.[ JTN:mf A . C=Q /& (:r�+ MICROFILMED BY 1 JCIRM MICR+LAB 1 CEDAR RAPIDS • DES MOINES Nv%-�l LI I I.1!wWt iLMcU BY JORM t•IICROLAB CEDAR RAPIDS ACID LUCAS, NOLAN & BoHxNAN LAWYERS +oe 1owA sure fiANX emL91N9 O. O.HOLAN (1902-1973) 2awAR0 w.LUCA5 IOWA Gr , IOWA 02240 JOHN T. NOLAN ALAN R.00HANAN November 13, 1978 ]19•]61.0221 FJVL 0 14 1978 Mayor Robert Vevera ABBIE STOLFUS Iowa City Council GTY CLERK Civic Center Iowa City, IA 52240 RE: Regular council meeting November 14, 1978, Agenda Item No. 15. Dear Bob: With reference to the ordinance restricting truck traffic on Kirkwood Avenue, equal consideration should be given to the residential streets serving ADS from the north, such as Summit, Oakland, and Rundell Streets, so that trucks that would be prohibited from Kirkwood are not dumped over to the school and residential area to the north of Sheridan. The industrial traffic is bad enough now without further aggravation which would be caused by a heavy truck traffic embargo on Kirkwood. Would you kindly enter this into the record for consideration at the regular agenda.[ JTN:mf A . C=Q /& (:r�+ MICROFILMED BY 1 JCIRM MICR+LAB 1 CEDAR RAPIDS • DES MOINES Nv%-�l LI Fliut<W iLi4LU BY JORM 141CROLAB CEDAR RAPIDS AND January 9, 1979 Mr. John T. Nolan Lucas, Nolan & Bohanan 405`Iowa State Bank Building Iowa City, Iowa 52240 Dear Mr. Nolan: :m The Mayor has referred your letter concerning truck traffic on `Kirkwood to the staff for reply. We do not anticipate that there will be a large amount of traffic diversion. "According to our traffic counts taken March 10, 1977, there were only 33 vehicles on Kirkwood that day that would have exceeded the 16 ton weight limit and would have been diverted off of the street. On March 31, 1977, there were only 60 vehicles counted that would have been diverted off of Kirkwood by the 16 ton weight limit. It Isnot known exactly what percentage of those vehicles would be diverted to the streets mentioned in your letter, but it is felt to be an extremely small number, if any. Sincerely yours, Neal G. Berlin City Manager is ,-)-iH0 14ICROFIL14ED BY Si j 'DORM MICR¢LAB CEDAR RAPIDS • DES MOINES htlut0f 1Li4LD BY JURM MICROLAB CEDAR RAPIDS AILD DES r - IOWA STATE HISTORICAL DEPARTMENT DIVISION OF THE STATE HISTORICAL SOCIETY Iowa City, Iowa 52240 November 15, 1978 S ,. Mayor Robert A.Vevera Civic Center Iowa City, Iowa Dear Mayor Vevera and Members of the City Council: ry. First of all, I wish to express to you my gratitude as a citizen of this town for the patience and forebearance with which you conducted public Tli business at the lengthy Council meeting of last evening. I suspect that few residence of Iowa City fully realize the physical and emotional drain which ;. you experience in the Council meetings. You deserve the public respect and gratitude --all of you. oi'}�•� . Last evening I tried to take as little of your time as possible to register some points about what / we might call the "grand perspective" approach to Iowa City town planning which has been with us here in Iowa City since 1839. It's not a bad concept; in fact, I think it's a very good one to perpetuate for a variety of reasons. - Notice on the enclosed map the straight linea going out from "Capitol Square". These should be perpetuated as far as poAsible, particularly on Iowa Ave. and Capitol Street. I sincerely hope that you and the Council will keep the South Capitol Street vista open as far to the south as possible, and certainly to the railroad tracks.,.;.' I hope that you will agree with me that the aesthetic line of reasoning is sufficient. True, Capitol Street is no longer open between Burlington and Court BUT there is still a vista down the old right of way. This vista should not be destroyed by any building. This would destroy the "grand perspective" concept which has served Iowa City so well since the enclosed original plan was drawn up. You may be interested to know that the original of this map is here at the Historical Society._�y. Sincerely, / OS_eya 402 IOWA AVENUE • 319/339.54. \,,\ Copies of map enclosed for Council memberpff MICROFILMED BY l DORM MICR+LAB '• CEDAR. RAPIDS • DES MOINES I I WWHUNED By JORM MICROLAB CEDAR RAPIDS AND DES LTR o VIN STREET Ir ---55 L 52 RONIALDS STREET r -jj , I •'N� 12 D EL La 72 54,; J m 5� 7 VAI-ST111, Ely I.... ' STREET CHURCH z 4—.�[Z!11101-�';-t� ZF':= All 3b I__ -31) > 'D U c -r - W: 3 7 .1 ML L FAIRCHILD STREET L; zi t > f 7 WRIT Ai I 70 D 9' Xk STREET DAVENPORT L 7 .3-7---. 7 4,8i 3'7 71 100 A 4STREET iT -, y� 1. -.., rnl}'rrrnli,:r:nrr/vo/IU11iIT/:Yl/11771n!' -/ 39 86 77 II 68 58 1,1111' ha I mn I MARKET 90. 8.5 I 78 111t V STREET JE R54. 'A xy.f. 1-9 %C -eat', i ,? -,7 7 r ),101 ",1. Badmful Alwrlx II!. art ;ul;hlflol/ 17111-011"m a yy - 97 ESE A 8G 6.6 E, ..6 i7 Si41EET L 'm 7.1 m 0.1,��Vtt rm rn m 96 -o 01 •- rr,fr . ; P, STREE.j. 1 II J �COLL& IN I.; I [f �17 7T 1, k UTIt .'VAIX ilk, 1111T ll F, C::L, hf r, rd 7, d ITRE�E nu P. 41 Nq Lip tl� Jill r ti q MICROFILMED By JORM rAICR+LAO CEDAR RAPIDS DES MOINES B) LTR o VIN STREET Ir ---55 L 52 RONIALDS STREET r -jj , I •'N� 12 D EL La 72 54,; J m 5� 7 VAI-ST111, Ely I.... ' STREET CHURCH z 4—.�[Z!11101-�';-t� ZF':= All 3b I__ -31) > 'D U c -r - W: 3 7 .1 ML L FAIRCHILD STREET L; zi t > f 7 WRIT Ai I 70 D 9' Xk STREET DAVENPORT L 7 .3-7---. 7 4,8i 3'7 71 100 A 4STREET iT -, y� 1. -.., rnl}'rrrnli,:r:nrr/vo/IU11iIT/:Yl/11771n!' -/ 39 86 77 II 68 58 1,1111' ha I mn I MARKET 90. 8.5 I 78 111t V STREET JE R54. 'A xy.f. 1-9 %C -eat', i ,? -,7 7 r ),101 ",1. Badmful Alwrlx II!. art ;ul;hlflol/ 17111-011"m a yy - 97 ESE A 8G 6.6 E, ..6 i7 Si41EET L 'm 7.1 m 0.1,��Vtt rm rn m 96 -o 01 •- rr,fr . ; P, STREE.j. 1 II J �COLL& IN I.; I [f �17 7T 1, k UTIt .'VAIX ilk, 1111T ll F, C::L, hf r, rd 7, d ITRE�E nu P. 41 Nq Lip tl� Jill r ti q MICROFILMED By JORM rAICR+LAO CEDAR RAPIDS DES MOINES Mjl-8UFiU4EU BY DORM MICROLAB • CEDAR RAPIDS AND DES MINES, IOWA 1L' Al E LI71 DROWN STREET .73 ja o Lvl, I. wr 1:y� T LL L�L ROMALDS STREET z 1; b 54 l , .10 5 7 CHURCH STREET �. I i V, I I ml � 4. ", �.' - E� 4:-' 2 * -�r Z - I: 0 -;-7 0 -30 01 50 > R 5 rn M.1 FAIRCHILD STREET t> z t 9 88 75 70 56 20 LL DAVENPORT I — — i ST R E E T Fil;P yiI.J.'11 e) A 11 11 . 1. 1 I I I I.. I 1-1� 1, N -100, 76. ---M 57 4,8 37 ------ ' 1G 9 BLOO.',IINGTON STREET Irrrnumur :/ 1 f 411 68 6- 89 111111PP L L: 41 4 1 MARKETST REET 6r go 8.5 78- 59 is kqVI I t f STREET T '2S 19 flpts 4b fz-7 Soo I . . . -1 40 J 97 gr '80 r, 2w u AV 61 ..c 1ASHINGTON S-%--4EET -4 % Mi Ti — I . m %— : I 1.�.V — - ---- J,/ C,0.LLE I LZ 7 li rn pll-� r-1 M 141CROFILKED BY joF:tM MICR( I 6LAB CEDAR RAPIDS - DESM0114ES TREET 01 Tl�EET EB 20 MICROFILMED BY J.ORM MICR+LAB CEDAR RAPIDS • DES MOINES fiiw<UFil-MEU BY JORM HICROLAB CEDAR RAPIDS AND DES MO NES, IOW Y t I I I 1 918/998.6'7.71 PHONE s �I PETER T. HARSTAD HIDTORICAL SOC'LR OF IOWA STATE IOWA ClTY. IOWA 52240 11 n ', 402 IOWA AVENUE �/ I Ivy I 1 1 MICROFILMED BY J.ORM MICR+LAB CEDAR RAPIDS • DES MOINES I htlLi(UFILMEU BY JORM 14ICROLAB December 4, 1978 CEDAR RAPIDS AND DES —` Mr. Peter T. Harstad Iowa State Historical Department Division'of the State Historical Society 402 Iowa Avenue Iowa City, Iowa 52240 Dear Mr. Harstad: At its regular meeting of November 21, 1978, the City Council received and placed on file your letter concerning the proposed vacation of Capitol Street.. Your letter and also your comments to the Council at the meeting are certainly appreciated and will be taken into consideration when a final decision is made. This decision should be made during the next couple of weeks. If you should have further comments or questions, please do not hesitate to contact me. Sincerely yours, Neal G. Berlin City Manager is cc: City Clerkr✓ 0 MICROFILMED BY jr} DORM MICR+LAB CEDAR RAPIDS • DES MOINES qt L,RUTiUILU BY JORM 141CROLN13 �LjAR RAPIDS h�u DES 140 'IEr, IOWA `17CEIVED NOV 1 51978 .. ��t DE 7ggHs F 0 ��' o/��r� a C�ii24oa�I����caaz or IOWA HIGHWAY DIVISION District 6 Office 430 16th Ave. S.W. Cedar Rapids, Ia. 52404 Johnson County Phone:(319)364-0235 REF. NO. FN -6-7(17)--21-52 Agree. No. 78-M-200 November 14, 1978 The Honorable Robert A. Vevera Mayor City Hall Iowa City, Ia. 52240 Re: Bridge Floor Repair on U.S. 6 within the City of Iowa City Dear Mayor Vevera: This is official notification your City Council that the Iowa Department of Transportation proposes to let a Bridge Floor Repair project on Primary Road No. U.S. 6 on January 4, 1979. The project lies within the City of Iowa City and is located over the Iowa River. The work will be done in accord with the current Form 810034 "Agreement for Primary Road Extension Maintenance and Operation Project costs will be paid from the Primary Road Fund and no charges will be made against the City. The project is proposed for construction during 1979. Resi- dent Engineer Richard Kautz of Iowa City, Iowa, telephone number 354-1093, will advise you of the contractor's proposed schedule when the information is available. We would appreciate this project notification being indluded on your next City Council meeting agenda as a matter of information to the Council members. I£ you have any questions concerning the work involved, please contact this office as soon as possible to expidite any possible changes. Yours very truly, f� (� 00� j F0 L II II Robert C. Henely N0 1 51978 L0 District Engineer ABBIE STOLFUto C1�D 1 � G nle COMMISSIONERS JULES M. BUSKER BARBARADUNN DONALD N. GARDNER WILLIAM F. McGRATH ROBERT R. RIGLER ALLANTHOMS BRUCE H.VAN GRUFF Slow CITY Doe Malnee Cedu Realda Malmo Now Hampton Dubuque Red Oak 21y2 'JdICAOFI LIdED BY JORM MICR+LAE! CEDAR RAPIDS a DES MOINES t-11p(UH U4E0 BY JORM MICROLAB CEDAR RAPIDS ANG s — Mayor Vevera-2- From: Robert C. Henely RCH:jcp cc: 'Ed Fawkes Office of Development Support Iowa D.O.T. Ames, Ia. 50010 Richard A. Kautz Resident Construction Engr. Box 429 Iowa City, Ia. 52240 Maurice Burr Resident Maintenance Engr. Box 427 Iowa City, Ia. 52240 11-14-78 Re: FN -6-7(17)--21-52 AICROFILMED BY .... ��, t j JORM MICR+LAB CEDAR RAPIDS • DES MOINES � I t I E I 1 f -J ,�1 M I LJWr ILMLU by JORM MICROLAB CEDAR RAPIDS AND City of Iowa Cir-; MEMORANDUM Date: November 14, 1978 To: The Honorable Mayor and City Council From: James Brachtel, Traffic Engineer .1B Re: Stop Sign at Clinton Street and Court Street 11)WA_ As directed by Chapter 23-16 of the Municipal Code of Iowa City this is to advise you of the following action: ACTION: Pursuant to Chapter 23-160 of the Municipal Code the City Traffic En- gineer will direct that stop signs be installed on Court Street at its intersection with Clinton Street so as to stop vehicular traffic on Court Street prior to entering Clinton Street. This action will create a four-way stop at this intersection. This action will be taken on or shortly after November 28, 1978. COMMENT: In August of 1978 the Traffic Engineering -Department conducted a field survey to ascertain the vehicular volumes and pedestrian volumes using this intersection. Additionally, the accident history of this inter- section was investigated. After all the data was compiled it was an- alyzed to determine if it complied with any of the warrants for signal- ization as promulgated in the Manual for Uniform Traffic Control Devises (MUTCD). It was found that none of the vehicular or pedestrian volume warrants were met. However, the MUTCD warrant for accident experience was met. Therefore, the Traffic Engineering Division will be requesting funds be provided in its FY80 askings to purchase and install traffic signals at this location. 'In the interim the Traffic Engineering Division is installing stop signs so as to create a four-way stop at this intersection. This installation is in compliance with MUTCD warrants for four-way stop sign installa- tions. Prior to the installation of traffic signals, the Traffic Engineering Division will conduct another vehicular and pedestrian volume study and will review the accident experience after the four-way stop sign instal- lation is complete. In the event that signalization warrants are no longer met at that time monies budgeted for the signalization can be diverted at Council's direction into other capital improvement projects. cc: Neal Berlin bdwl/8-9 LPP NOV 151977 8 ABBIE STOLFU, CITY CLERK MICROFILMED BY DORM MICR+LAE3 CEDM RAPIDS • DES MOINES 21 y3' ta: IIIILIWl iLMLu BY JORM 14ICROLAB CEDAR RAPIDS AND D City of Iowa cl") MEMORANDUM Date: November 14, 1978 To: The Honorable Mayor and City Council From: James Brachtel, Traffic Engineer.& Re: Parking Prohibition on Maggard Street As directed by Chapter 23-16 of the Municipal Code of Iowa City, this is to advise you of the following action: ACTION: Pursuant to Chapter 23-241 of the Municipal Code the City Traffic Engineer will direct that signs be erected so as to prohibit parking at all times'. on the east side of Haggard Street from the intersection of Maggard Street with Sheridan Avenue south to the intersection of Maggard Street right-of-way with the Rock Island'Railroad right-of-way. This action will occur on or shortly after November 29, 1978. COMMENT: The Traffic Engineering Division conducted a post card survey to determine the opinion of affected residents on this residential street. Sixteen of the 18 responding residents favored this prohibition.. Of the 18 responding residents 15 favored the prohibition on the east side of this portion of Maggard Street. bdw2/2 NOV 14 1978 ABBIE STOLFUS, CMC CITY CLERK (3) I MtcrsoruMEo By JORM MICR+LAE CEDAR RAPIDS • DES MOINES 2.1'4 1 h11u(UF iLNLU BY JORM MICROLAB TO: FROM: RE: CEDAR RAPIDS AND 'DES MEMORANDUM DAT: September 11, 1978 City Council Don Schmeiser, Senior P1 Application Submitted by Wagner -Murphy Foundation for Annexation and Rezoning of Property The City Council, at a regular meeting held on September 5, 1978, raised several, questions in regard to the subject application. These questions and answers are outlined as follows: 1. What is the width of the land between the pond (sand excavation pit) and the Iowa River? At the narrowest point the land is approximately 60 feet in width. The land drops rather abruptly to the pond and the river but there is sufficient width at the crown for a walkway. 2. Is the property located in the floodplain? All of the area in this vicinity between the Iowa River and Highway 218 is located in the floodplain. The County has pictures of the area when it has been entirely inundated with flood waters. The staff is not able to ascertain whether parts of the area are within the floodway--an area which cannot be filled nor in which a building may be located. This area was mapped for the County by the USGS but they did not map those areas within the floodway. The County prohibits development within floodplains and the City permits development within floodplains if the area is filled to the level of inundation of a 100 year frequency flood. 3. Who owns the surrounding property? The land south and to the east of the area proposed for rezoning is owned by the Showers/McCollister Estate. The land directly to the east of the south portion of the subject property is owned by the Izaak Walton League. 4. What does the applicant propose to do with the land annexed and rezoned? The only use contemplated by the applicant at this time is the construction of a storage warehouse for a concrete manufacturer. The applicant has no contemplated use for the area of the pond but has indicated that the only feasible use of this area would be for a private or commercial recreational use next to the river. S. What restrictions can be placed upon a voluntary annexation request? The Legal Staff is doing some research on this question and will advise the City Council at the informal meeting on Monday. There was some concern expressed by Councilpersons in regard to uses permitted in the Cl Zone. The uses permitted in the Cl Zone include not only general retail r� .. MICROFILMED BY ,1 JORM MICR+LAB CEDAR RAPIDS • DES MOINES qji i(UHLMEU BY JORM MICROLAB i City Council I September 15, 1978 j Page 2 CEDAR RAPIDS AND DE uses but also residential uses permitted in the R Zones. Any use, including the uses permitted in the C1 Zone, are permitted in the M1 Zone except for those uses expressly permitted in the M2 Zone. This is due to the accumulative nature of our Zoning Ordinance. This accumulation of uses will not be permitted in the new Zoning Ordinance. Staff and members of the Planning and Zoning Commission and the Parks and Recreation Commission will be present at the informal meeting on Monday to answer additional questions which the City Council may have in regard to this application. 0 IdICROFILMED BY X\ JORMMICR+LAB II 1 CEDAR RAPIDS - DES MOINES IgiuiwE!LNLU BY JORN MICROLAB Y CEDAR RAPIDS AND City of Iowa City MEMORANDUM DU DATE: November 17, 1978 10: City Council �} FROM: Julie Vann, CDBG Program Coordinator, and Dennis Kraft, Director of PPD RE: Neighborhood Site Improvement Program On Dlonday, November 20, the attached report on Neighborhood Site Improvement proposals will be discussed at the informal Council meeting. These proposals for improvement projects in the Northside Neighborhood reflect the information gained from five input - meetings, neighborhood surveys, a neighborhood priority meeting, and staff review. Sidewalk repair, bus stop equipment, alley repair and pedestrian traffic signalization are the projects selected by residents for consideration in this program. Sue Sheets is the Planner/Program Analyst who is responsible for this program. She will be available to discuss the proposals with you fIonday. In order to proceed, the staff needs Council direction. At the informal meeting, t1Ye staff will request a decision selecting specific pro- jects to be implemented and establishing the level of funding for each. Implementa- tion is expected spring of 1979. JV/DK/ssw Attachment 141CROFILMED BY 1 .h JORM MICR+LAB CEDAR RAPIDS DES MOINES 01 'u1�;.! :U'(0,a; CDBG NEIGHBORHOOD SITE IMPROVEMENT PROGRAM 1 N•^` .� .amu `__ �I7�. � r , f � NORTHSIDE AREA PROPOSALS For submission to Iowa City Council November, 1978 JORM MICR6LA.B MAP, VAP1g5 • 0f5.101^1(S hlii,,iUriLilw BY JUR14 MICROLAB CEDAR RAPIDS AMD DES NOIxIES, IOW , NORTH SIDE AREA 51111C : ii ■I 11111; "1111mao?'Aldp �1 1970 CENSUS DATA: NORTH SIDE CITY-WIDE Households 2500 14,788 Mean Income $ 8421 $ 11,080 Households Below Poverty Level 23% 18.7 % Owner -Occupied Unita 30% 54% Persona Age 85+ 11 % 8.6% Y MICROFILMED BY j JORM MICR+LAB I CEDAR RAPIDS • DES MOINES l.' ,nj I i , NORTH SIDE AREA 51111C : ii ■I 11111; "1111mao?'Aldp �1 1970 CENSUS DATA: NORTH SIDE CITY-WIDE Households 2500 14,788 Mean Income $ 8421 $ 11,080 Households Below Poverty Level 23% 18.7 % Owner -Occupied Unita 30% 54% Persona Age 85+ 11 % 8.6% Y MICROFILMED BY j JORM MICR+LAB I CEDAR RAPIDS • DES MOINES 1•1i U<Oi ii -MCD BY JORM 141CROLAB CEDAR RAPIDS AND DE I � 1 I BUS STOP BENCHES AND S111:1-l'HRS 'Ibis Project would be relatively inexpensive to implement• benches) can are be purchased ely for tin estimated cost of $100 each and shelters including ) PP $2500 depending upon design. Five locations were suggested by residents and transit i staff for placement of shelters: i 1. At ,Johnson County Social Services on Go ernor 2. Corner of Church and Dodge by Eagles 3. On Market and Van Buren at Mercy Hospital 4. Corner of Governor and Jefferson by Medical Associates S. Corner of Dubuque and Church Citizen Comments from Meeting: 1. Shelters smaller than the one downtown should be purchased. 2. Shelters like those at University Hospital should be purchased. 3. Suggest additional shelter at Davenport and Dodge. Survey Results (from meeting and returns by mail): i 2296 suggest purchase of benches only 46' suggest purchase of shelters (including benches) 32% suggest funds not be spent on this project Subsequent to the vote at the meeting, residents suggested the corner of Dodge and Cthat one shelter be pur- chused'for hurch Street and benches be placed at all , ! suggested locations and at additional locations where they may be needed. Cost: Five shelters as suggested above would cannotrbeuire exactlyrdeterminedoximately $12Benct of hes may0. The one shelter ($2500) plus available at no cost from the Department of Parks and Recreation. If not, adequate benches can be purchased for $60-100 apiece. Staff Recommendation: (Hugh Mose) It is preferable to purchase shelters, however, benches do alleviate a lot of the problems with waiting at bus stops. Benches are also usually more acceptable to residents than having a shelter in their front yard and shelters are only needed during inclement weather. The staff recommends purchasing one shelter for Dodge and Church (a commercial area), along with six benches to be placed, in residential spots. T ? MICROFILMED BY JORM MICR+LAB CEDAR RAPIDS • DES MOINES ' hliuWr iLMLU BY JURM I•IICROLAB CEDAR RAPIDS AND DES TOPIC 2 SIDEWALK REPAIR Adequate sidewalks are an important consideration in planning for neighborhood im- provement. preliminary estimates for sidewalk repair and new construction have been compiled from field surveys of the neighborhood and from comments made at previous neighborhood meetings. Virtually every block in the area requires some type of repair. To undertake all repairs would far exceed the allocated funding for the entire program, thus, several options are suggested for implementing a sidewalk improvement project. Because there was only one suggestion for new construction of a sidewalk (hi block on N. Dubuque where no sidewalk presently exists), new construction costs are included with and assumed part of sidewalk repair costs. Citizen Comments from Meeting: 1. Does the cost estimate include having to correct drainage problems? (Yes) 2.Sidewalks in this area have not had attention for a long time. It detracts from the neighborhood quality. 3. Sidewalks benefit the whole community. 4. Is the $30,000 adequate to assist all who need it. (An estimate has been made of the number of low income families in the area, but exactly how many people would take advantage of this cannot be determined. According to estimates, $30,000 should be quite adequate.) S. 'Ibe grant fund should be administered just like the Housing Rehab program with the same income guidelines. Staff Comments: (Dick Plastino) Enforcement of the codes would require an additional staff person, but it would be well worth it to the neighborhood. Survey Results (from meeting and returns by mail): IS% Favor replacing as much damaged sidewalk as possible with the $75,000 52% Favor repairing crosswalks with $10,000 and setting aside $30,000 for a grant assistance fund for low income property owners to repair their sidewalk. Other property owners would be required through code enforcement to pay for necessary repairs on their property. 12% Favor requiring all property owners to fix their sidewalk regardless of income' 4% Suggest nothing be done about sidewalks 17o Did not answer question Cost: The cost for the selected alternative is $40,000 of which $30,000 would be set aside for assistance to low income families in repairing damaged sidewalk. Staff Recommendation: (Dick Plastino) Recommends designating a staff person to enforce codes in order to do an adequate and comprehensive sidewalk program in the north side, with or without grant assistance. (DPPD) Recommends sidewalk repair enforcement program with grant assistance to low Income property owners ($30,000) and $10,000 to repair crosswalks. This is a neigh- borhood of high pedestrian usage. 14ICROFILMED BY 1 ' JORM MIC R#L4B � CEDAR RAPIDS • DES MOINES I•ii a<UY IUNEU BY DORM MICROLAB CEDAR RAPIDS AND ALLEY REPAIR } At neighborhood meetings residents have expressed much concern about the condition f of the alleys. Heavy traffic on several alleys has caused pot -holes which cannot j be readily controlled with graveling. The dust generated from traffic on gravelled alleys has produced a serious environmental nuisance. Residents suggested improving d several alleys in high use areas with asphalt surfacing to alleviate problems. Citizen Comments from Meeting: 1. Representatives from St. Wenceslaus Church discussed the problems they have had with their alley -- chuck -holes, short -cutters, dust, high levels of traffic. } They also said the City has promised to fix the alley in the past, but it has never been donor 2. 'rhe City should try to limit garbage trucks in alleys during spring thaw. The trucks make deep ruts in the alleys. 3. Repair the alley behind Hamburg Inn -- it needs it more. 4. Several other alleys were suggested for repair. S. Because they do not pay taxes, churches can afford to pave their own alleys. f 6. The money should be spread out through the neighborhood as much as possible in I projects like sidewalk repair, not alleys. j 7. Other people use alleys behind the churches -- not just church -goers. 8. There is too much traffic in the alleys. Staff Comments: i .(Dick Plastino) If money is available, I would prefer to resurface the problem alleys with concrete. (Craig Minter) Most of the problems with gravel alleys in strictly residential areas can be solved with proper grading and rocking. Survey Results (from meeting and returns by mail): 27% Favor funding alley improvements requested at input meetings as shown on the map. (4h alleys including 2 behind churches) 22% Favor staff recommendation of repairing alleys behind St. Wenceslaus and Zion Lutheran 4% Favor repairing alleys at one church rather than the other. 16.5% Favor repairing alleys at locations other than those suggested. An additional 13 locations were suggested, of which only the alley at Dodge, Lucas, , Bloomington and Market was repeated (33 people on that block want the alley asphalted. One of these votes is conditional upon installation. of ' at least 3 speed bumps. 220, Favor no improvements at all. 8.5% Did not answer the question. Cost The highest percentage group of votes favored the option to fund alley improvements as initially shown on the map. Application of asphalt surface on these alleys has been estimated at a cost of $74,250. �1 141CROFILMED BY i JCRM MICR+LAE3 I CEDAR RAPIDS • DES MOINES MLLItUFiL9LD BY JORM MICROLAB CEDAR RAPIDS AND 'DES '10 `IES, 1061. _2_ Staff Recommendation: Alleys are a popul:u subject in the northside arca with residents having strong feelings both for and against undertaking repairs. Many of the necessary repairs in the residential areas can be addressed through DPW's current proposal to grade and rock all gravel alleys in Iowa City. DPW and DPPD are opposed to spending a relatively large amount of public funds to put hard surfaces on alleys which are predominantly intended to serve only the residents along the alley. A significant expressed the same concern, wishing instead to number of northside residents have ex p decrease traffic in residential alleys and to make improvements resulting in greater public benefit. The staff recommends a project to Put an asphalt surface on only 1S alleys in the northside -- in the two blocks bounded by Johnson, Dodge, Fairchild and Bloomington. ! surfacing runs behind Zion Lutheran Church. The One of the alleys recommended for re church has attempted on several occasions to illicit support from neighbors to correct problems in the alley, however, elderly landowners cannot afford the assessment and the high number of absentee landowners refuse to participate. If the project will resurface this alley, the church has volunteered to invest their funds to pave the large parking lot along the alley which has generated a high level of dust throughout the neighborhood. The alley and parking lot are used by all neigh- borhood residents (free off-street parking), church members, and other community I residents who go to the church to participate in scout meetings, TWIGS (elderly meal program on Tuesday and Thursday), and many other community service meetings offered at no charge. :.. The other alley recoaonended for resurfacing runs behind St. Wenceslaus Church. This y ck cast of N. Market Square Park. i 4 bloThe west entrance is paved, alley extends y roc requiring only about 1/3 of a block of hard surface on the east and where the church has a paved parking lot. The church offers meeting space for congregate meals (on Monday, Wednesday, and Friday), American Red Cross Blood Bank, scouts and many other community service groups. Use of the alley is also encouraged by the particular configuration of streets diverted around N. Market Square Park, i.e., the alley at this point is a short-cut extension of Fairchild Street from the park to Dodge. Because these two alleys are "high use" alleys generating effects that can be solved Optimally by resurfacing and because the improvement will benefit a large portion of the community while solving a number of neighborhood nuisances, the staff recommends that these 111 alleys be resurfaced through the site improvement project. i The cost of this project has been estimated at $30,000. i h �• 141CROFILMED BY ` •I DORM MIOR+LAE3 CEDAR RAPIDS • DES MOINES PILLKUt1LNaU BY JORN 141CROLAB CEDAR RAPIDS AND TOPIC 4 1~I PEDESTRIAN 'TRAFFIC SIGNALIZATION ti Tile relatively high volume of auto and truck traffic often poses problems for the high concentration of pedestrians and cyclists in the Northside area. Residents requested a pedestrian crossing light to be installed at Dodge Street and Davenport where particularly children and elderly residents experience difficulty crossing the street safely. Staff has suggested placing the light at Church and Dodge. Traffic moving south from the I-80 interchange gain momentum travelling down the Dodge Street hill and do not encounter a stop light until Bloomington Street. Horace Mann School, St. Wenceslaus Church, Eagles Grocery, and several other commercial establishments are located at the base of the Dodge Street hill. Citizen Comments from Diceting: 1. Traffic is high on Dodge -- something needs to be done. 2. Get the speeders. 3• Put a left turn signal at Dubuque and Park Road also. 4. Pursue other funds for this light. Staff (:ODmlentS: (Jim Brachtel) Without detailed documentation and discussions with fl)0'I'', we don't know that installation of a traffic light is the optimum solution or that the problem is of :a nature that warrants an expenditure of this type at this particular location. SurveylResults (from meeting and returned surveys): 32% Favor purchase of a pedestrian traffic signal at Dodge and Church 12% Favor purchase of a pedestrian traffic signal at Dodge'and Davenport 30% Do not want to spend block grant funds on this project 26% Did not answer this question Subsequent to the,vote at the meeting, residents suggested that the City pursue other means.of funding to acquire a signal. Cost I Estimatod between $15,000-21,000 pending approval by Federal Highway Safety officials' and IDOT. Staff Recommondation: Because Dodge Street is a highway, federal safety regulations require overhead lights to be used for signalization. While the staff agrees that speeding traffic is a problem, the recommended procedure in this case, is to undertake an interval study first before funds are expended for the equipment. This would provide the staff with necessary documentation to justify the installation of the signal to federal and state officials. NICROFILMED DY JORM MICR+LAB CEDAR RAPIDS • DES MOINES QiLRUtil-HrU BY JORM MICROLAB r CEDAR RAPIDS AND DES TOPIC 5 PROJECT PRIORITIES The priorities decided at the neighborhood meeting (with 21 residents in attendance) differed from those expressed on returned questionnaires (92), therefore the priorities for each are listed separately. Neighborhood MEETING Priorities: f COST OF IMPLEMENTATION OPTION CHOSEN $30,000 40,000 600 0 I $70,600 '. VOTE 43% 19% 5% 0% LL I COST OF IMPLEMENTATION 1. Alley Repair 2. Sidewalk Repair 3. Bus Stop Equipment 4. Signal 13% TOTAL Neighborhood SURVEY Priorities: $147,750 1. Sidewalk Repair 2. Bus Stop Equipment 3. Alley Repair 4. Signal y TOTAL Staff Recommendation Sidewalk Repair Al icy Repair Rus Stop Equipment Signal TOTAI, VOTE 43% 19% 5% 0% RECONSIENDED LEVEL OF FUNDING j $40,000 30,000 3 100 (max (pursue Ether X it of funding) $73,100 i , The combined citizen response (meeting votes and survey returns) clearly indicated that the priorities chosen by residents are, in order of importance, sidewalk repair, bus stop equipment, alley repair, pedestrian traffic signal. The funding level chosen by i residents for each project far exceeds the $75,000 allocated to the Northside area. In an attempt to stay within the allocated sum, yet provide the most visible public j improvements and the highest level of public benefit, the staff recommends: (a) funding sidewalk repair at the level chosen by residents, (b) cutting bus stop equipment to $3,100 for one shelter and six benches, (c) reducing alley repairs to $30,000 for the two staff recommended alleys, and (d) pursuing other funding for a Pedestrian traffic signal. The remaining $1900 and any amounts not needed in im- plementing the lower priority projects could be applied to the highest priority, ' sidewalk repair. 1} IdICROPILMEO BY j 16RM MICR+LAB ' CEDAR RAPIDS DES MOINES LL I COST OF IMPLEMENTATION VOTE OPTION CHOSEN 39% $ 40,000 27% 12,500 16% 74,250 13% 21,000 (max.) $147,750 RECONSIENDED LEVEL OF FUNDING j $40,000 30,000 3 100 (max (pursue Ether X it of funding) $73,100 i , The combined citizen response (meeting votes and survey returns) clearly indicated that the priorities chosen by residents are, in order of importance, sidewalk repair, bus stop equipment, alley repair, pedestrian traffic signal. The funding level chosen by i residents for each project far exceeds the $75,000 allocated to the Northside area. In an attempt to stay within the allocated sum, yet provide the most visible public j improvements and the highest level of public benefit, the staff recommends: (a) funding sidewalk repair at the level chosen by residents, (b) cutting bus stop equipment to $3,100 for one shelter and six benches, (c) reducing alley repairs to $30,000 for the two staff recommended alleys, and (d) pursuing other funding for a Pedestrian traffic signal. The remaining $1900 and any amounts not needed in im- plementing the lower priority projects could be applied to the highest priority, ' sidewalk repair. 1} IdICROPILMEO BY j 16RM MICR+LAB ' CEDAR RAPIDS DES MOINES I hliGKUiiLNLD BY JORM MICROLAB CEDAR RAPIDS AND DES MO LIES, IOW 7 -2- Funding for bus stop equipment and alley repair is now being proposed by DPW through a Section 18 MITA grant and alley maintenance program. Thus, the requests which would not be funded through block grant funds because of the staff recommended decrease, will likely be picked up at a later time through DPW projects. IIICROFILMEO BY JORM MICR+LAB CEDAR RAPIDS • DES MOINES TOPIC b OTHER CONCERNS The Neighborhood Site Improvement meetings generated a considerable amount of input and discussion from those residents in attendance. 'though many of the suggestions for improvements ded not easily fall within the scope and purpose of this program, all of the neighborhood concerns have been earnestly considered and channelled to appropriate programs and departments. The following is a list of frequently mentioned items of discussion along with the staff response, comments from surveys and minutes of the neighborhood priority meeting. 1. Animal Control -- In the last eight months there has been an increased effort by the City staff to provide improved animal control. Therefore, staff advised that if problems exist, residents should call the Animal Shelter directly to report specific complaints. 2. Garbage/.Junk/Litter -- This problem seemed to be a common concern in the North - side.neighborhood. A request was made for closer inspection of the neighborhood, possibly by foot patrol, in order to maintain better conditions. As'a result, the staff proposed, that a housing inspector be assigned to regularly walk through r�• the iicighborhood noting -code violations concerning exterior property maintenance. Tile City has a variety of ordinances and laws to protect the health, safety, i and welfare of its residents. .'Typically, punitive measures cannot be taken a ; unless there has been a neighborhood complaint registered. The following departments handle these specific problems: Junk cars -- Police Department Junk on residential property -- Housing G Inspection Services Overgrown bushes or trees in a public right-of-way -- City Forester Garbage;.refuse -- .Johnson County Health Department and Iowa City Department of Public Works. In cases where property, owners are repeatedly careless or negligent in disposing of, garbage, the City can stop providing garbage pickup service, file a complaint with the County Health Department, raise fees for garbage collection in some cases', or file charges against the offender. 3. Several residents had complaints about burned out street lights. Only a small percentage of the street lights are owned by the City, most of which are located in the downtown area. The rest of the lights are owned and maintained by lowil-Illinois Gas and lilectric Company and are leased to the City for a'yearly fee of about $50 per light. The City pays for electrical power whether or not the lights are working so it is important for residents to report faulty lighting immediately to Iowa -Illinois Gas and Electric Company. q. 'Traffic patterns, truck routing, parking problems -- These issues involve com- plex planning problems for which successful solutions are not readily appar^nt. These concerns have been referred to the Department of Planning and Program Development for consideration in finding solutions through the City's compre- hensive planning process. Since the City Council is responsible for directing staff effort and making all final decisions, citizens were reminded that it is important to keep Council members informed of significant neighborhood issues. Concerns expressed to staff members will be referred to appropriate departments and/or appropriate City Commissions. At the same time, citizens were encouraged to individually contact Council members if they feel very strongly about a particular issue. DORM MICR6LA9 rrimp VAl,il, • 111:51-001111`; C0M1•1EN TS F RONI S U RVEI'S Thanks to the staff members who suffered through all the complaints aired at the neighborhood meetings and sorted out the important needs and put•it all together for us. Sorry I can't be at the meeting tonight because of prior conflicting activities. Keep up the good work. Nothing has been done to alleys since we were children living in the northside. We are in favor of improving alleys at a minimum sum,so they are clean and level and free from dust. Living on a highway the people should not have the cost of maintenance of sidewalks, because of cars and wreckers driving over them from accidents. We are in favor of sidewalks repaired and cared for. Thanks for finally, fixing the other one-half of the block's sidewalk. Next person injured was going to.prompt me to write a letter. Thanks also for this information. Apartment.owners should be forced to repair sidewalks in front of their buildings with emphasis upon owners who shattered sidewalks during apartment construction and failed to repair them. For example, the new apartment on Linn Street, between Church and Fairchild:" Scrap the street cleaner - save money and fuel. All it does is spread dirt around. What about parkway plantings? A major sidewalk problem in Iowa City is snow and ice -covered walks in the winter. In addition,to causing physical difficulties in moving around, the presence of snow and then ice on the sidewalks for a long period of time contributes to their decay. Ordinancesconcerning snow removal should be enforced. i I support the recommendation for "foot.patrol" housing inspection. Such inspection should include recording violations of those portions of the Housing Code. relating.. . to the exterior maintenance of buildings, as well as, of garbage. If a complaint is then made, 'the.housing.inspectionrservice will be in a position to know.if the.vio- lations have been long-term or chronic. Please do not require all property owners to replace damaged sidewalks in front of - their property. I am a senior citizen on fixed income and cannot afford it. I couldn't attend this meeting, but.it is a good idea to have these meetings, but I hope people'are sincere in their answers ... Not just for their very own needs.' Those who have means to fix things put down anything that sounds good at someone else's expense. GET THE SPEEDERS. Parking problems are the H1 priority. i Ile believe traffic and parking are two major problems in our neighborhood. Staff from Mercy Hospital and students from the dorms clog our street, leaving room only for one car to drive through. Often times cars will remain in the spot for many days -- perhaps only moving on weekends. We feel Mercy Hospital should provide parking for their staff and calendar parking should be implemented to case the flow of traffic. If owners can afford to repair their walks we think they should, but if they won't or can't, then the City should. 4 MICRO[ IUdl.0 54 JoRM MICR6LA6 CrIlAR RP MI ILLS Id011ICS -7 Regarding alleys -- the greatest need is to discourage their use for through traffic. Some alleys are used extensively as short-cuts. This contributes to their deterioration and is a safety hazard. Suggest posting signs "Not for through traffic" and use speed breakers if necessary. The Nl priority to me is to improve lighting in the neighborhood. (e.g., Gilbert Street north of Market) This area has a high rate of physical attacks on women, better lighting would help alleviate this problem. Sidewalk repair should be by property owners. It seems you are thinking more about students. They seem to run the town. They don't pay our taxes. We will be out of town on the 25th and unable to attend the meeting. We appreciate the opportunity to participate by these questionnaires. Garbage and animal control are big concerns in this neighborhood. The second highest priority is garbage and litter.De-emphasize the punitive code ,violations .and instead focus more on making suggestions if there are problems. Much garbage "is. dropped by pedestrians and `this 'might be helped a great deal by garbage ,cans in specific high -trash areas. Please; don't do'anything. Send the money back. The Nl priority in this neighborhood should be putting.in street lights in a greater, number on 'all streets so it will be safer to walk at night.' I recommend against the purchase of the benches. Benches are items for comfort and _-- are in the nature of a luxury item. While there is nothing inherently wrong with comfort or.benches,_it seems to me that .the City is lacking many necessities and that they should -be- attending to these before this-particu lar•: item; i.e.,.,additional:.-. recreational facilities..-.. It seems.to me that -we should take.care of areas directly:affecting people before money is'spent on alleys.- If traffic"in alleys is a problem, close them off except to - people living within the block. I would, however, favor having the City snow plow the alleys in the winter. In,'spite of some of my comments in the questionnaire which suggest insensitivity on the part of decision makers, I wish to commend you on your work. I have never seen a'program so responsive to citizen participation. I don't know if you are responsible for getting a sidewalk in front of the building in which I live, but if you are, thank you. None of this money need be spent, but please --maintain and restore the few remaining brick streets and sidewalks. Some method of keeping Dodge Street traffic at 25 mph speed limit all the way down the hill is necessary. I have no specific suggestion though. The locations for bus stop equipment seem to be well chosen. Many of the sidewalks are unsafe for pedestrians. One spot in particular is in the 500 block on Linn where a new apartment house has been built. The walk was never good but trucks, etc, made it very much worse and it has never been repaired. Do as much as you can to make walking safe. auatunua[.:� as JORM MICR6LA6 MAP RAPT ' ..us r4o19CS _ ., _ of 11Jrt:9 LnU_.,u W -3- A special concern for me is to make sidewalks accessible for wheelchairs and elderly who enjoy daily walks but find curbs somewhat of a problem. I do not want any levy on my property for alley improvement. They have graveled the alley and since I am strictly on Social Security I simply cannot afford any further assessment.` I heartily believe that the construction of benches and shelters at bus stops would be the wisest use for the money. It would encourage the use of the bus system, cutting " on our energy wasting automobiles. America's greatest problem today is energy, and we can aid in .the fight right here. Also, using the buses would decrease traffic clog -ups. the City:. It would help our senior citizens, who, though they often have the -buses as their only form of transportation, can hardly stand but in the winter wind and rain to'wait for them. And I speak as a young person under 30. It seems to be the. least expensive proposal, so that money would be left over for other projects. For these reasons,.I believe we should build the benches and shelters. This seems to be the most economical and"logical project of those presented, and therefore should be`carried=out. :M:140 ILMLO BY DORM MICROLAB CLDAR VAPT)'. • I11S MOINIS MINUTES NEIGHBORHOOD SITE IMPROVEMENT PROGRAM PRIORITY MEETING HORACE MANN SCHOOL OCTOBER 25, 1978 7:30 P.M. NORTH SIDE NEIGHBORHOOD ATTENDANCE: 21 neighborhood residents, 5 others representing St. Wenceslaus Church STAFF: Susan Sheets, Planner/Program Analyst and Julie Vann, COBG Program Coordinator Ms. Sheets explained that the Site Improvement Program was intended to upgrade neighborhoods through providing funds for repair of sidewalks _ and alleys, tree planting and general public improvements which will enhance the entire neighborhood environment. Approximately $75,000 was allocated to the north side neighborhood for this purpose.. ,In addition, it was explained that before proposals for improvements were submitted to the City Council for their final decision, the staff wanted to know how neighborhood residents preferred the projects to be implemented and also which projects they thought were the most important from those that they suggested. Each topic was discussed before residentsvoted upon` implementation alternatives. Subsequently, each project was prioritized in order of importance and further suggestions, were taken for possible projects in the future. TOPIC ONE: BUS STOP BENCHES AND SHELTERS At previous meetings residents of the north side neighborhood and the City Transit staff had suggested five1 ocations for placement of bus stop shelters in the neighborhood. Residents suggested that shelters like those at the University Hospital be acquired and that they should " be smaller than the bus shelter downtown if possible. One resident suggested an additional shelter to be placed at the corner of Davenport and Dodge Street while other residents favored placement of more benches throughout, the neighborhood and no shelters. The vote was as follows: (a) Suggest purchase of benches only. 4 (b) Suggest more benches' than those in the survey. 7 (c) Suggest purchase of bus stop shelters (including benches). 5 (d) Do not buy either benches or shelters (e) Suggest purchase of more bus stop shelters than those in the survey. 0 (f) Suggest purchase of one shelter for the corner of Church and Dodge and more than five benches. 6 The question was raised about the availability of funds for tree planting through this program. It was explained that residents at initial input �:41 CRUZI LI.111) By JORM MICROLAB CJ 11O PA;': 95 • DI" 401'115 2 meetings did not suggest tree planting projects therefore, tree planting was deleted from the proposals. However, since there is funding in the la FY79 Neighborhood Site Improvement Budget for trees, residents can take advantage of that fact by calling the City Forestor. TOPIC TWO: SIDEWALK REPAIR Questions were raised about the cost of the sidewalk repair, i.e. does the cost include having to correct drainage problems like those at North Dubuque by the Skelly Gas Station? Staff answered that the costs for sidewalk repair were provided by the Department of Public Works and included the cost of tearing out old sidewalks and putting in the new. cting drainage problems would ostensively be Therefore, the cost of corre ny residents noted that the sidewalks in the included in this figure. Ma areahadnot had attention for a long time and stressed the importance of upgrading sidewalks for the benefit of the total community. .In answer to a question about the number of individuals needing financial assistancewith sidewalk repair, the staff responded that they had an estimate of the number of low-income people in the neighborhood but no specific idea of the actual number of people who might take advantage of financial assistance available to help them make repairs. The vote on topic two was as follows: (a) Replace as much damaged sidewalk as possible with the $75,000. (b). Repair necessary crosswalks and curb Gilts and in addition set up a $30,000 grant fund to assist low-income property owners l4 to replace broken sidewalk in front of their property. (c) Require property owners to replace damaged sidewalks in front 4 of their property at their own expense. (d) Do no sidewalk improvements with these funds. 1 TOPIC THREE: ALLEY REPAIR It was explained that although residents suggested several areas for improving alleys within the neighborhood, the staff is recommending to improve only those alleys that are in need of improvement and only those 'alleys in high use areas where constant gravellingtdoessurnotace al eviathealley te problems. Staff is recommending putting an asphalbehind St. Wenceslaus Church and on the alley behind Zion Lutheran Church. Representatives of St. Wenceslaus Church discussed thecproblemes, they have had with the alley behind their church, namely dus,and high traffic. They said their alley is listed annually by the Department of Public Works as one that will receive repairs, however, repairs have never been completed due to lack of time or funding. Residents suggested that the City try to limit garbage trucks in the alleys to certain times of the day during spring thaw because the trucks make deep holes driving over the slushy surface. Several additional alleys were suggested for improvement. .. :au;Iloi n.lal:.l Ili JORM MICR46LAB MAP. VAVins; • If S'101 N 5 U uiti! I L't,Ju - 3 In response to a question about responsibility for the alleys, staff explained that alleys are owned by the City. The current policy is to maintain the alleys during specific times of the year. Residents who want their alley graded and rocked call the Department of Public Works to have their alley included in the work list. The City only charges residents for materials, the cost of which is usually divided ,among the property owners along the alley. Mr. Bob Bear recounted the difficulty he had experienced last summer in trying to get his alley graded during a time when one of the City graders was down for repairs and the work schedule was heavy. Mr. Bear also submitted seven site improvement surveys and 33 signatures of residents on his block requesting that the City use block grant funds to put an asphalt surface on their alley bounded by Dodge, Bloomington, Lucas and Market Streets. i Group sentiment was divided on the issue of using public funds to pave alleys for, private access use. -Likewise, the residents in attendance did not agree on the issue of using public funds to pave alleys along church property. Because churches do not pay taxes, some felt the churches could afford to pave their own alleys. Others felt that the he churches alley repair behind churches is justified by the fact that t in the neighborhood offer.many servicer to,the community at large, such as, meeting space for Congregate Meals and scout troops. A third group opposed all alley repairs, favoring instead a project proposal. that would spread as much money as possible throughout the neighborhood. The vote on alley repair was as follows: (a) Fund all alley improvements suggested by residents. 3 (b) Improve only the staff recommended alley repairs behind St. Wenceslaus Church and Zion Luthern Church. 6 (c) Improve alleys but at different locations than those listedin the survey. signatures) (d) Do not spend any money on alley repair. 4 TOPIC FOUR: PEDESTRIAN TRAFFIC SIGNALIZATION Many agreed that the high volume of auto and truck traffic on Dodge Street poses problems for the high concentration of pedestrians and cyclists in the north side area, however, several residents were hesitant to allocate a large sum of money for a pedestrian activated traffic light. Staff explained that because Dodge Street is a highway, there are certain standards of highway safety that we must follow. Four-way stop signs are unacceptable. In fact, overhead traffic lights must be used in order for Iowa City to meet highway safety regulations. It was suggested that a left turn signal at the Dubuque Street park bridge would also be of benefit. The vote on this proposal was as follows: ��'i41 CIIUI ILb1LU Br JORM MICR6LAB UPAR PANT 91 1101'41 f 4 10'l (a) Put a pedestrian traffic signal at Dodge and Church. 3 (b) Put a pedestrian traffic signal at Dodge and Davenport. 2 (c) Do not submit a proposal for traffic signal on Dodge St. 7 (d) Do try to obtain a pedestrian traffic signal for Dodge Streets, but do not use block grant funds. TOPIC FIVE: PROJECT PRIORITIES A review of the majority vote on alternative implementation for each of the project proposals showed that each of the projects could be implemented within the $75,000 allocated to the north side area. Nevertheless, residents voted on their priorities among each of the projects, as follows: Residents voted on the one project that they favored the most. Bus stop equipment Sidewalk repair. 4 I Alley repair. 10 Pedestrian traffic light. O (most voted to submit no proposal.or, to submit a proposal for a signal but not pay for it with block grant funds). TOPIC SIX:OTHER CONCERNS Subsequent.to the discussion and voting upon project proposals and priorities, staff took further suggestions, comments, and questions from residents. 1. How much would it cost to replace all of the bricks that have been taken out of our brick streets? 2. Consider the traffic accidents on the corner of. Bloomington and Lucas Iand consider placing a yield or a stop sign there. 3. Consider changing the signs for alternate day parking to read alternate days except Sunday and holidays. 4. Consider doing a survey of alleys to find those that are overgrown with brush, e.g. Rochester-Hotz Avenue -Clapp Street. 5. What about hedges growing out into the sidewalk? Staff explained that it is a City code violation for trees, hedges or other growth to obstruct public right-of-ways. If anyone knows of a specific case, they should call the City Forester. -I11 f.ROI ILML II by JoRM MICR6LAE3 f[DAP !1(5 MOINIS I 5 1 !11(111011 LI -11.0 6Y JORM MICR46LAB MAR RAPIDS • PCS 101111` 6. Garbage at the corner of Davenport and Linn is a problem: does the responsibility lie with the tenant or the landlord? Staff passed out copies of the new Housing Occupancy and Maintenance Code which explains the specific responsibilities of the tenant and the specific responsibilities of the landlord in maintaining property. 7: It is important to enforce the existing codes in the north side neighborhood because many of the problems now have been caused by a lack of enforcement in the past. 8: Consider banning dogs in North Market Square Park. Dogs are a problem to the health of children. 9. Plant more trees. 10." Sometimes contractors or owners are responsible for breaking up sidewalks during construction., r What can be done to repair these' sidewalks? Who is responsible? 11. On the southwest corner of North Market Square.Park there.was'a ' catch`basin'built with loose brick which subsequently caved in. This should be looked after. For as -indicated those items which the staff could answer a staff response was given, above. On other items the staff took the names and addresses ' f - of people who had raised specific questions so that they could respond to residents' questions after they had investigated the matter. Meeting was adjourned. i !11(111011 LI -11.0 6Y JORM MICR46LAB MAR RAPIDS • PCS 101111`