HomeMy WebLinkAbout1989-05-30 Public Hearing(o
NOTICE OF PUBLIC HEARING ON PLANS,
SPECIFICATIONS, FORM OF CONTRACT AND
ESTIMATED COST FOR
1989 B.D.I. Rail Spur
TO ALL TAXPAYERS OF THE CITY OF IOWA CITY,
IOWA AND TO OTHER PERSONS INTERESTED:
Public notice is hereby given that the City
Council of the City of Iowa City, Iowa will
conduct a public hearing on plans,
specifications, form of contract, and
estimated cost for the construction of
the 1989 B.D.I. Rail Spur in said
City at 7:30. pm on the 30th day of May.,
1989, said meeting to be held in the
Council Chambers in the Civic Center in
said City.
Said plans, specifications, form of
contract, and estimated cost are now on
file in the office of the City Clerk in the
Civic Center in Iowa City, Iowa, and may be
inspected by any persons interested.
Any persons interested may appear at
said meeting of the City Council for the
purpose of making objections to said plans,
specifications, contract or the cost of
making said improvement.
This notice is given by order of the
City Council of the City of Iowa City,
Iowa.
MARIAN KARR, CITY CLERK
PH -1
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NOTICE OF PUBLIC HEARING ON PLANS,
SPECIFICATIONS, FORM OF CONTRACT AND
ESTIMATED COST FOR
1989 B.D.I. Rail Spur
TO ALL TAXPAYERS OF THE CITY OF IOWA CITY,
IOWA AND TO OTHER PERSONS INTERESTED:
Public notice is hereby given that the City
Council of the City of Iowa City, Iowa will
conduct a public hearing on plans,
specifications, form of contract, and
estimated cost for the construction of
the 1989 B.D.I. Rail Spur in said
City at 7:30. pm on the 30th day of May.,
1989, said meeting to be held in the
Council Chambers in the Civic Center in
said City.
Said plans, specifications, form of
contract, and estimated cost are now on
file in the office of the City Clerk in the
Civic Center in Iowa City, Iowa, and may be
inspected by any persons interested.
Any persons interested may appear at
said meeting of the City Council for the
purpose of making objections to said plans,
specifications, contract or the cost of
making said improvement.
This notice is given by order of the
City Council of the City of Iowa City,
Iowa.
MARIAN KARR, CITY CLERK
PH -1
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NOTICE OF PUBLIC HEARING ON PLANS,
SPECIFICATIONS, FORM OF CONTRACT
AND ESTIMATED COST FOR
CMC CENTER POLICE & FIRE EXPANSION
TO ALL TAXPAYERS OF THE CITY OF IOWA CITY, IOWA,
AND TO OTHER PERSONS INTERESTED:
Public notice Is hereby given that the CIry Council of the
City Of Iowa City, i0wa, will conduct a pudic hearing on plans,
apecMbNbrms, form Of contract and estimated cost for the
construction of the Civic Comer Police and Fire Expansion In
swId Cly at 7:30 p.m. on the 30th day of May, 1989, said
meeting to be held in the Council Chambers In the Civic
Cerner in said City.
Said Dare, epoch Catkxms, form Of contract and estimated
coat aro now on file In the office of the City Clerk in the Civic
Cemex. In Iowa City, Iowa, and may be Inspected by any
persons interested.
Arry persons interested may appear at said meeting of the
City Council for the purpose of making objections to said
plans, specifications, contract or the cost of making said
Improvement.
This notice Is given by order of the City Council of the City
of Iowa City, Iowa
MARIAN K KARR, CITY CLERK
PH -1
PUBLIC NOTICE
Notice Is hereby given that a Public Hearing will be held by
the City Council of the City of Iowa City, Iowa, In the Council
Chambers of the Civic Conder at the regularly scheduled
Council meeting at 7:30 p.m. on May 30, 1989, far the purpose
of hearing comments for or against the proposed amandmoras
10 the budget for the Capital ProJecte Fund for the year ertdktg
June 30, 1989. Information Is available at the Pubk Library,
City Ckirk's Office, arta the Finance OepanmenL
MARIAN K. KARR, CITY CLERK
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PUBLIC NOTICE
Notice Is hereby given that a Public Hearing will be held by
the City Council of the City of Iowa City, Iowa, In the Council
Chambers of the Civic Conder at the regularly scheduled
Council meeting at 7:30 p.m. on May 30, 1989, far the purpose
of hearing comments for or against the proposed amandmoras
10 the budget for the Capital ProJecte Fund for the year ertdktg
June 30, 1989. Information Is available at the Pubk Library,
City Ckirk's Office, arta the Finance OepanmenL
MARIAN K. KARR, CITY CLERK
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PUBLIC NOTICE
Notice Is hereby given that a Public Hearing will be held by
the City Council of the City of Iowa City, Iowa, In the Council
Chambers of the Civic Conder at the regularly scheduled
Council meeting at 7:30 p.m. on May 30, 1989, far the purpose
of hearing comments for or against the proposed amandmoras
10 the budget for the Capital ProJecte Fund for the year ertdktg
June 30, 1989. Information Is available at the Pubk Library,
City Ckirk's Office, arta the Finance OepanmenL
MARIAN K. KARR, CITY CLERK
9�rs
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NOTICE OF PUBLIC HEARING ON INTENTION TO ISSUE
NOT TO EXCEED $5,000,000 INDUSTRIAL DEVELOPMENT
REVENUE BONDS (MICHAEL DEVELOPMENT PROJECT)
Notice Is hereby given that a public hearing will be
conducted before the City Council of the City of Iowa Cly,
Iowa (the *Issuer'), in the Council Chambers at the City Hall in
said City at 7:30 o'clock P.M., on June 27, 1989, on the
proposal to Issue not to exceed $5.000,000 principal amount
of the City's Industrial Development Revenue Bonds (Michael
Development Project) Series 1999, pursuant to the provisions
of Chapter 419 of the Code of Iowa, for the purpose of
financing all or a portion of the cost of acquiring land and
constructing a facility thereon to be leased for use in the
manufacture of seamless cans. The proposed facility will be
owned by Michael Development, a Minnesota General
Partnership (the *Borrower). After a public hearing duly called
and held pursuant to published notice on December 13, 1988,
the City Council of Iowa City, Iowa, determined to proceed with
the necessary steps relating to the Issuance of the above -
referenced Bonds in an amount not to exceed $3,000,000.
The Borrower has now requested that the authorized amount
of Bonds be Increased to an aggregate principal amount of
not to exceed $5,000,000 and that a new public hearing, as
scheduled in this notice, be held to consider such request.
it Is contemplated that a Loan Agreement will be entered
Into between the Issuer and Michael Development, under which
the City would loan to said Borrower the proceeds from the
sale of the Bonds in return for loan payments from the
Borrower sufficient to pay the principal of, Interest and
premium, 8 any, on such Bonds as the same shall fall due.
Such Bonds, 8 Issued, and the Interest thereon, will be
payable solely out of the revenues derived from the Loan
Agreement and shall never constitute an Indebtedness of the
City within the meaning of any state constitutional provision or
statutory limitation, and shall not constitute nor give rise to a
pecuniary liability of the City or a charge against its general
credit or taxing pavers.
All local residents who appear at the hearing called pursuant
to Section 419.9 of the Code of Iowa and Seaton 147(l) of the
Internal Revenue Code of 1986, as amended, shall be given
an opportunity to express their views for or against the
proposal to Issue the Bonds, and at the hearing, or any
adjournment thereof, the Cly Council of said City shall adopt
a resolution determining whether or not to proceed with the
Issuance of the Bonds.
By order of the City Council.
A.ua .J 4/. A4
MarlaW K Karr, City Clerk of the
City of Iowa City, Iowa
941
Printer's fee 82iQ..a
CERTIFICATE OF PUBLICATION
STATE OF IOWA, Johnson County, as:
THE IOWA CITY PRESS -CITIZEN
I,
Carol Barr, being duly sworn, say that 1
am the legal clerk of the IOWA CITY
PRESS -CITIZEN; a newspaper
-published in said county, and that a
notice: a printed copy of which is hereto
attached, was published in said paper
time(s), on the following
datels):
Legal Clerk
Subscribed and sworn to before me
thj!a20ri�&yof A.D.
194
Notary Public
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OFFICIAL PPMICATION I
MOTILE OF eI" HE~ M vaunt N To ga,
Mm ro stem MM= MVAtft t OEYnae1KIR .
MrAWXO Mee P¢MYi OfltlOFlsrt PFDJWO i
NOTICE OF PUBLIC HEARING ON INTENTION
TO ISSUE NOT TO EXCEED $5,000,000
INDUSTRIAL DEVELOPMENT REVENUE BONDS
(MICHAEL DEVELOPMENT PROJECT)
Notice is hereby given that a public hearing willbe conducted
before the City Council of the City of Iowa City, Z a (the
"Issuer"), in the Council Chambers at theCity Hal in said City
at 7:30 o'clock P.M., on June 27, 1989, on the pr posal to issue
not to exceed $5,000,000 principal amount of the City1s Industrial
Developmen Revenue Bonds (Michael Development roject) Series
1989, purs nt to the provisions of Chapter 41 of the Code of
Iowa, forNand
rpose of financing all or a p rtion of the cost of
acquiring nd constructing a facility ereon to be leased
for use inanufacture of seamless can . The proposed
facility wowned by Michael Develop nt, a Minnesota General
Partnershi"Borrower"). After a p is hearing duly�alled
and held pto published notice o December 13, 9 theCity CouncI wa City, Iowa, dete ned to proceed with the
necessary re ating to the issua ce of the above -referenced
Bonds in aunt of to exceed $3, 00,000. The Borrower has now
requested the a thorized amoun of Bonds be increased to an
aggregate ipal ount of not o exceed $5,000,000 and that a
new publicing, a scheduled this notice, be held to
consider sequest.
It is contemplated that Loan greement will be entered into
between the Issuer and M char Development, under which the City
would loan to said Borrow r e proceeds from the sale of the
Bonds in return for loan p ents from the Borrower sufficient to
pay the principal of, inte st and premium, if any, on such Bonds
as the same shall fall du .
Such Bonds, if issued, d th interest thereon, will be payable
solely out of the revs es de ved from the Loan Agreement and
shall never constitute an inde edness of the City within the u
meaning of any state onstituti al provision or statutory
limitation, and shnot consti to nor give rise to a pecuniary
liability of the Cli or a charge gainst its general credit or
taxing powers.
All local reside s who appear at th hearing called pursuant to
Section 419.9 of the Code of Iowa and Section 147(f) of the
Internal Revenu Code of 1986, as amen ed, shall be given an
opportunity to express their views for r against the proposal to
issue the Bon , and at the hearing, or ny adjournment thereof,
the City Coin} it of said City shall adop a resolution determining
whether or n to proceed with the issuan of the Bonds.
By Order of the City Council.
Marian K. Karr, City Clerk of the
City of Iowa City, Iowa
94Z/