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HomeMy WebLinkAbout1985-08-27 ResolutionRESOLUTION NO. 85-260 RESOLUTION TO ISSUE DANCING PERMIT BE IT RESOLVED BY THE CITY COUNCIL OF IOWA CITY, IOWA, that a Dancing Permit as provided by law is hereby granted to the following named person and at the following described locations upon his filing an application, having endorsed thereon the certificates of the proper city officials as to having complied with all regulations and ordinances, and having a valid Class "B" Beer Permit or liquor control license, to wit: The Highlander Inn $ Supper Club, 2525 N. Dodge It was moved by Strait and seconded by Ambrisco that the Resolution as read e adopted, and upon rol ca =ere were: AYES: NAYS: ABSENT: Ambrisco R Baker X Dickson X Erdahl X McDonald X Strait X Zuber X Passed and approved this 27th day of August , 19 85. ayor Attest: S,�CLr,2 Cid 3erk / �je6 I i i 1 I I ) i- i RESOLUTION NO. 85-261 RESOLUTION TO ISSUE CIGARETTE PERMITS WHEREAS, the following firms and persons have made appli- cation and paid the mulct tax required by law for the sale of cigarettes and cigarette papers; therefore, BE IT RESOLVED BY THE CITY COUNCIL OF IOWA CITY, IOWA, that the applications be granted and the City Clerk be and he/she is hereby directed to issue a permit to the following named persons and firms to sell cigarette papers and cigarettes: Campus Standard Service, 102 E. Burlington It was moved by Strait and seconded by Ambri that the Resolution as read e adopted, and upon roll ca ere were: AYES: NAYS: ABSENT: Ambrisco X Baker X Dickson X Erdahl X McDonald X Strait X Zuber X Passed and approved this 27th day of August , 19 85 G yor Attest: %y;�_�� e City Clerk i i 1 i i I i RESOLUTION NO. 85-261 RESOLUTION TO ISSUE CIGARETTE PERMITS WHEREAS, the following firms and persons have made appli- cation and paid the mulct tax required by law for the sale of cigarettes and cigarette papers; therefore, BE IT RESOLVED BY THE CITY COUNCIL OF IOWA CITY, IOWA, that the applications be granted and the City Clerk be and he/she is hereby directed to issue a permit to the following named persons and firms to sell cigarette papers and cigarettes: Campus Standard Service, 102 E. Burlington It was moved by Strait and seconded by Ambri that the Resolution as read e adopted, and upon roll ca ere were: AYES: NAYS: ABSENT: Ambrisco X Baker X Dickson X Erdahl X McDonald X Strait X Zuber X Passed and approved this 27th day of August , 19 85 G yor Attest: %y;�_�� e City Clerk 1 i I i s ji i y i i August 27 , 1965 The City Council of Iowa City, Iowa, met in regular session, in the Council Chambers, Civic Center, 910 East Washington Street, Iowa City, Iowa, at 7:30 o'clock P M., on the above date. There were present Mayor TkDonald — , in the chair, and the following named Council Members: Ambrisco, Baker, Dickson, Erdahl, McDonald, Strait, Zuber Absent: None ►,4S3 .ay 1:• I August 27 , 1965 The City Council of Iowa City, Iowa, met in regular session, in the Council Chambers, Civic Center, 910 East Washington Street, Iowa City, Iowa, at 7:30 o'clock P M., on the above date. There were present Mayor TkDonald — , in the chair, and the following named Council Members: Ambrisco, Baker, Dickson, Erdahl, McDonald, Strait, Zuber Absent: None ►,4S3 1:• I August 27 , 1965 The City Council of Iowa City, Iowa, met in regular session, in the Council Chambers, Civic Center, 910 East Washington Street, Iowa City, Iowa, at 7:30 o'clock P M., on the above date. There were present Mayor TkDonald — , in the chair, and the following named Council Members: Ambrisco, Baker, Dickson, Erdahl, McDonald, Strait, Zuber Absent: None ►,4S3 �v2Q(l Council Member Strait introduced the following Resolution entitled "RESOLUTION FIXING DATE FOR A MEETING ON THE PROPOSITION OF THE ISSUANCE OF $4,700,000 GENERAL.. OBLIGATION BONDS (FOR AN ESSENTIAL CORPORATE PURPOSE) OF IOWA CITY, IOWA, AND PROVIDING FOR PUBLICATION OF NOTICE THEREOF", and moved that the same be adopted. Council Member Ambrisco seconded the motion to adopt. The roll was called and the vote was AYES: Ambrisco, Baker, Dickson, Erdahl, McDonald, Strait, Zuber. NAYS: None Whereupon, the Mayor declared the resolution duly adopted as follows: 85-262 RESOLUTION FIXING DATE FOR A MEETING ON THE . PROPOSITION OF THE ISSUANCE OF $4,700,000 GENERAL OBLIGATION BONDS (FOR AN ESSENTIAL CORPORATE PURPOSE) OF IOWA CITY, IOWA, AND PROVIDING FOR PUBLICATION OF NOTICE THEREOF WHEREAS, it is deemed necessary and advisable that the City of Iowa City, Iowa, should issue General Obligation Bonds to the amount of $4,700,000, as authorized by Section 384.25, of the City Code of Iowa, for the purpose of providing funds to pay costs of carrying out an essential corporate purpose pro- ject as hereinafter described; and WHEREAS, before said bonds may be issued, it is necessary to comply with the provisions of said Code, and to publish a notice of the proposal to issue such bonds and of the time and place of the meeting at which the Council proposes to take action for the issuance of the bonds and to receive oral and/or written objections from any resident or property owner of said City to such action; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF IOWA CITY, IOWA: AWM Ca .. W"In I** SmOh NbR I.w,e". D" M&n M I i i I j i I I j i i F. 4 i t , I I i I Council Member Strait introduced the following Resolution entitled "RESOLUTION FIXING DATE FOR A MEETING ON THE PROPOSITION OF THE ISSUANCE OF $4,700,000 GENERAL.. OBLIGATION BONDS (FOR AN ESSENTIAL CORPORATE PURPOSE) OF IOWA CITY, IOWA, AND PROVIDING FOR PUBLICATION OF NOTICE THEREOF", and moved that the same be adopted. Council Member Ambrisco seconded the motion to adopt. The roll was called and the vote was AYES: Ambrisco, Baker, Dickson, Erdahl, McDonald, Strait, Zuber. NAYS: None Whereupon, the Mayor declared the resolution duly adopted as follows: 85-262 RESOLUTION FIXING DATE FOR A MEETING ON THE . PROPOSITION OF THE ISSUANCE OF $4,700,000 GENERAL OBLIGATION BONDS (FOR AN ESSENTIAL CORPORATE PURPOSE) OF IOWA CITY, IOWA, AND PROVIDING FOR PUBLICATION OF NOTICE THEREOF WHEREAS, it is deemed necessary and advisable that the City of Iowa City, Iowa, should issue General Obligation Bonds to the amount of $4,700,000, as authorized by Section 384.25, of the City Code of Iowa, for the purpose of providing funds to pay costs of carrying out an essential corporate purpose pro- ject as hereinafter described; and WHEREAS, before said bonds may be issued, it is necessary to comply with the provisions of said Code, and to publish a notice of the proposal to issue such bonds and of the time and place of the meeting at which the Council proposes to take action for the issuance of the bonds and to receive oral and/or written objections from any resident or property owner of said City to such action; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF IOWA CITY, IOWA: AWM Ca .. W"In I** SmOh NbR I.w,e". D" M&n M I I ,i I I j i i I Section 1. That this Council meet in the Council Chambers, Civic Center, 410 East Washington Street, Iowa City, Iowa, at 7:30 o'clock p M., on the loth day of September , 1985, for the purpose of taking action on the matter of the issuance of $4,700,000 General Obligation Bonds for an essen- tial corporate purpose of said City, the proceeds of which bonds will be used to provide funds to pay costs of construction, reconstruction or repair of street improvements, sidewalks, alley pavement, sanitary sewers, storm sewers, culverts and facilities for the collection and disposal of sur- face waters and streams and bridges; construction of sanitary sewage pumping facilities; opening and extending of streets; improvement to the municipal waterworks by the construction of water storage facilities; and extending and improving the established municipal airport; and the acquisition of land needed for the foregoing purposes. Section 2. That the Clerk is hereby directed to cause at least one publication to be made of a notice of said meeting, in a legal newspaper, printed wholly in the English language, published at least once weekly, and having general circulation in said City, said publication to be not less than four clear days nor more than twenty days before the date of said public meeting on the issuance of said bonds. Section 3. The notice of the proposed action to issue said bonds shall be in substantially the following form: -3- mal, Cowry. Oo.n Im Pi0e, S th L .All, Iw,en, On Malr�, kma leg i i 1 1 i I I 7 I I i I. Section 1. That this Council meet in the Council Chambers, Civic Center, 410 East Washington Street, Iowa City, Iowa, at 7:30 o'clock p M., on the loth day of September , 1985, for the purpose of taking action on the matter of the issuance of $4,700,000 General Obligation Bonds for an essen- tial corporate purpose of said City, the proceeds of which bonds will be used to provide funds to pay costs of construction, reconstruction or repair of street improvements, sidewalks, alley pavement, sanitary sewers, storm sewers, culverts and facilities for the collection and disposal of sur- face waters and streams and bridges; construction of sanitary sewage pumping facilities; opening and extending of streets; improvement to the municipal waterworks by the construction of water storage facilities; and extending and improving the established municipal airport; and the acquisition of land needed for the foregoing purposes. Section 2. That the Clerk is hereby directed to cause at least one publication to be made of a notice of said meeting, in a legal newspaper, printed wholly in the English language, published at least once weekly, and having general circulation in said City, said publication to be not less than four clear days nor more than twenty days before the date of said public meeting on the issuance of said bonds. Section 3. The notice of the proposed action to issue said bonds shall be in substantially the following form: -3- mal, Cowry. Oo.n Im Pi0e, S th L .All, Iw,en, On Malr�, kma leg i 1 i i 1 i 1 i i i 1 i I I I I I I. S„ i I f L i 4 f i f I 1 1 1 1 , f NOTICE OF MEETING OF THE COUNCIL OF THE CITY OF IOWA CITY, IOWA, ON THE MATTER OF THE PROPOSED ISSUANCE OF $4,700,000 GENERAL OBLIGATION BONDS (FOR AN ESSENTIAL CORPORATE PURPOSE) OF SAID CITY AND THE HEARING ON THE ISSUANCE THEREOF. PUBLIC NOTICE is hereby given that the Council of the City of Iowa City, Iowa, will hold a public hearing on the 10th day of September, 1985, at 7:30 o'clock p.m., in the Council Chambers, Civic Center, 410 East Washington Street, Iowa City, Iowa, at which meeting the Council proposes to take additional action for the issuance of $4,700,000 General Obligation Bonds for an essential corporate purpose of said City, in order to provide funds to pay costs of construction, reconstruction or repair of street improvements, sidewalks, alley pavement, sanitary sewers, storm sewers, culverts and facilities for the collection and disposal of surface waters and streams and bridges; construction of sanitary sewage pumping facilities; opening and extending of streets; improvement to the municipal waterworks by the construction of water storage facilities; and extending and improving the established municipal airport; and the acquisition of land needed for the foregoing purposes. At the above meeting the Council shall receive oral or written objections from any resident or property owner of said City, to the above action. After all objections have been received and consid- ered, the Council will at this meeting or at any adjournment thereof, take addi- tional action for the issuance of said bonds or will abandon the proposal to issue said bonds. This notice is given by order of the Council of Iowa City, Iowa, as provided by Section 384.25 of the City Code of Iowa. Dated this 27th day of Augligt 1985.\ // ) MARYAN K. KARR CITY CLERK OF IOWA CITY, IOWA 1553 PASSED AND APPROVED this ATTEST: day of August , 2985. I {' I i �I � I � �IT I II 1 I `I I i. � I I � 1. I I i i i PASSED AND APPROVED this ATTEST: day of August , 2985. I {' I i � I � I I `I i. 1. �I STATE OF IOWA COUNTY OF JOHNSON CERTIFICATE SS CIG -3 4-85 I, the undersigned City Clerk of Iowa City, Iowa, do hereby certify that attached is a true and complete copy of the por- tion of the corporate records of said Municipality showing pro- ceedings of the Council, and the same is a true and complete copy of the action taken by said Council with respect to said matter at the meeting held on the date indicated in the attachment, which proceedings remain in full force and effect, and have not been amended or rescinded in any way; that meeting and all action thereat was duly and publicly held in accordance with a notice of meeting and tentative agenda, a copy of which was timely served on each member of the Council and posted on a bulletin board or other prominent place easily accessible to the public and clearly designated for that purpose at the prin- cipal office of the Council (a copy of the face sheet of said agenda being attached hereto) pursuant to the local rules of the Council and the provisions of Chapter 21, Code of Iowa, upon reasonable advance notice to the public and media at least twenty-four hours prior to the commencement of the meeting as required by said law and with members of the public present in attendance; I further certify that the individuals named therein were on the date thereof duly and lawfully possessed of their respective city offices as indicated therein, that no council vacancy existed except as may be stated in said proceedings, and that no controversy or litigation is pending, prayed or threatened involving the incorporation, organization, existence or boundaries of the City or the right of the indivi- duals named therein as officers to their respective positions. WITNESS my hand and the seal of said Municipality hereto affixed this 27th day of August 1985. SEAL Cit Clerk, Iowa City, Iowa MM. Co ,, DM Jl H.O4 S Ih t AlbM hrw, O Mol lox. /.rtri 1 I STATE OF IOWA COUNTY OF JOHNSON CERTIFICATE SS CIG -3 4-85 I, the undersigned City Clerk of Iowa City, Iowa, do hereby certify that attached is a true and complete copy of the por- tion of the corporate records of said Municipality showing pro- ceedings of the Council, and the same is a true and complete copy of the action taken by said Council with respect to said matter at the meeting held on the date indicated in the attachment, which proceedings remain in full force and effect, and have not been amended or rescinded in any way; that meeting and all action thereat was duly and publicly held in accordance with a notice of meeting and tentative agenda, a copy of which was timely served on each member of the Council and posted on a bulletin board or other prominent place easily accessible to the public and clearly designated for that purpose at the prin- cipal office of the Council (a copy of the face sheet of said agenda being attached hereto) pursuant to the local rules of the Council and the provisions of Chapter 21, Code of Iowa, upon reasonable advance notice to the public and media at least twenty-four hours prior to the commencement of the meeting as required by said law and with members of the public present in attendance; I further certify that the individuals named therein were on the date thereof duly and lawfully possessed of their respective city offices as indicated therein, that no council vacancy existed except as may be stated in said proceedings, and that no controversy or litigation is pending, prayed or threatened involving the incorporation, organization, existence or boundaries of the City or the right of the indivi- duals named therein as officers to their respective positions. WITNESS my hand and the seal of said Municipality hereto affixed this 27th day of August 1985. SEAL Cit Clerk, Iowa City, Iowa MM. Co ,, DM Jl H.O4 S Ih t AlbM hrw, O Mol lox. /.rtri .jff) Date: To: From: Re: City of Iowa City MEMORANDUM August 22, 1985 City Council Rosemary Vitosh, Director of Finance General Obligation Bond Issue The City of Iowa City last issued General Obligation bonds in December, 1982. Since that time and until bonds are again issued, capital improvement project costs have been funded internally through inter -fund loans. A listing of the projects to be funded from this Fall's bond issue is attached. Several special assessment projects are being included in this bond issue instead of marketing a separate special assessment bond issue. This will reduce bond issuance costs and interest costs since only one issue will be marketed and since GO bond interest rates are typically lower than rates for. special assessment bonds. The scheduled assessments to be paid by property owners will be used to abate the debt service costs (the assessments will be used for principal and interest costs on the bonds instead of levying property taxes). The project descriptions on the attached listing provides information on the amount of the abatement for each special assessment project. A tentative bond sale schedule for this bond issue is also attached. I have been working with Evensen Dodge, our financial advisors, on the planning for this bond issue. They are preparing a Pre -sale Analysis Report which will be sent to you on September 6, 1985. This report will contain more detailed in- formation on the bond issue including how it is being structured for market- ing. Wayne Burggraaff, Evensen Dodge, and I will be at the September 9, 1985, informal Council meeting to discuss the pre -sale analysis and to answer any questions you may have on this bond issue. The attached resolution sets a public hearing on the proposed bond issue for September 10, 1985. This resolution was prepared by Ken Haynie, the City's Bond Counsel. Ken is with the law firm of Ahlers, Cooney, Dorweiler, Haynie, Smith & Allbee in Des Moines and has been retained by the City for municipal bond work for over 15 years. Please note that the bond sale schedule shows the Council considering a resolution authorizing the bond sale on September 10th immediately following the public hearing. The resolution was scheduled on that date instead of at the next formal meeting (September 24) in order to move the bond sale along as quickly as possible. The interest rates for General Obligation bonds is very favorable at this time and there is some indication that the rates will increase later this fall. It is therefore preferable to take bids as soon as possible. I will proceed with this schedule unless otherwise directed by the Council. I would also like to point out another change in the schedule that varies from the way we have handled previous bond issues. In the past, a special Council meeting was scheduled for the bond sale. At that meeting, the bids were opened, the Council then waited 15 to 20 minutes for the calculations on the bids to be checked and then approved a resolution awarding the bid. To minimize the length of the special Council meeting, we planned to schedule the bid opening at 11:00 on October 16; 1985 (Council attendance at the bid opening is optional). The special Council meeting will start at 12:15 p.m. at which time the bid results will be reviewed with the Council and the resolution awarding the bid will be considered. This will allow us not only additional time to review the bid calculations should there be problems but it will shorten the length of time required for the special Council meeting. bdw/sp i I i. I were opened, the Council then waited 15 to 20 minutes for the calculations on the bids to be checked and then approved a resolution awarding the bid. To minimize the length of the special Council meeting, we planned to schedule the bid opening at 11:00 on October 16; 1985 (Council attendance at the bid opening is optional). The special Council meeting will start at 12:15 p.m. at which time the bid results will be reviewed with the Council and the resolution awarding the bid will be considered. This will allow us not only additional time to review the bid calculations should there be problems but it will shorten the length of time required for the special Council meeting. bdw/sp i I I I t `j I I, Proposed 1985 General Obligation Bond Issue St. Anne Drive $47,200 This project involves the paving of St. Anne Drive from a 25 foot width at Prairie du Chien Road to a width of 33 feet at Foster Road. The existing surface was gravel and needed to be paved. Special assessment revenue will abate $15,750 of the total project cost. This project is completed. Airport Corporate Hangar $166,600 A building is being constructed to house one corporate hangar and a maintenance shop/garage. The corporate hangar has already been leased to Hansen Lind Meyer and the shop/garage area will be used by the Airport for storage of its equipment. The project is currently under construc- tion with a total estimated cost of $226,600. $60,000 will be funded from the Airport Improvement Reserve. The remainder will be funded with G.O. Bonds which will be totally abated from the rental income on the corporate hangar. Airport Runway Improvements $857,100 This project will bring the Iowa City Airport back into compliance with FAA regulations. It includes purchasing land and aerial easements and the construction of a 355 foot extension to runway 24. Taft Speedway Sewer Extension $116,400 This project involves the extension of a 33 inch trunk sewer, from the terminus of the River Corridor Sewer, west to Taft Speedway/Foster Road intersection, approximately 2,400 lineal feet. This project will serve future development west of Dubuque Street and north of the Iowa River. Total project cost is $203,400. Sewer revenues will fund $87,000. The remainder will be funded by bonds which will be 100% abated from special assessment revenues. This project has been completed. Clinton Street Reconstruction $127,800 This project includes the replacement of existing pavement with Portland cement concrete on Clinton Street, from Iowa Avenue to Washington Street. It includes replacing broken sidewalk, curb and sidewalk vaults and installing light fixtures as well as tree wells and minor amenities. This project is currently under construction and scheduled for completion in August, 1985. j E Burlington Street Paving Repair $36,200 This project involves the removal and replacement of pavement which was extensively cracked in the block between Capitol Street and Clinton Street, on Burlington Street. This project has been completed. Alley Paving - FY86 $65,400 This project involves the paving of alleys located in Block 1 of Lyon's First Addition (between Gilbert Street and Van Buren Street, north of Bowery Street) and north of E. Davenport Street (between Reno Street and Pleasant). These alleys were gravel surfaces and the adjoining property owners requested that they be paved. The entire cost, except for $1,360, will be abated from Special Assessment revenues. Dubuque Street, Iowa Avenue to Park Road $30,500 This project involves widening the street and the removal and replacement of existing pavement with Portland cement concrete. The storm sewer facilities will also be upgraded to meet present standards. Design is currently in progress for this project. Construction is scheduled to begin in May, 1986. This bond issue will only cover design costs. Mercer Park Sidewalk $7,100 This project will provide sidewalk along Dover Street on the east side of Mercer Park, and will join with the existing sidewalk in the area. Since the Village Green area is nearly fully developed, access along the park is necessary for pedestrian use and safety. Willow Creek Park Sidewalk $14,100 This project will provide sidewalk along Benton Street on the north side of Willow Creek Park. The Penny Bryn area is nearly fully developed and access along the park is necessary for pedestrian use and safety. Sidewalk Construction - FY86 $23,500 This project involves the installation of sidewalk along various streets where no sidewalk now exists. Property owners will be assessed for design and construction of sidewalk on the property while the City will fund construction of curb, gutter and crosswalks, their design and inspection. Therefore, $15,500 will be abated by special assessment revenues. 1d5Y3 3 Villa Park Sidewalk $7,200 This project will provide sidewalk along MacBride Drive and MacBride Road on the north and west sides of Villa Park, and will join with the existing sidewalk in the area. Part II of MacBride Subdivision has developed to the extent that the installation of sidewalk along Villa Park is necessary in order to provide pedestrians access along the park in a safe, useful manner. East Side Water Storage Tank $930,800 This project provides for the construction of a two million gallon water tank on the north side of Rochester Avenue at Post Road. There has been substantial growth in the eastern part of Iowa City since the early 70s. This has created the need to expand storage capacity to provide water at an adequate pressure. The project is now near completion. Total project cost is estimated at $1,280,000. A portion of the cost ($350,000) is being funded from Water Bond Reserve Funds. The remainder will be paid from G.O. Bonds which will be abated with water revenues. Rundell/Dearborn Storm Sewer $211,800 This project provides for the installation of a storm sewer system and a lift station which will drain the intersections of Dearborn Street -Center Avenue and Rundell Street -Center Avenue. It will provide relief from flooding in the intersections during rain storms. Total project cost is $369,360. Funding of $157,560 came from CDBG and the remainder is being funded from this bond issue. This project is completed. First Avenue Culvert $204,000 This project will provide for the construction of a reinforced box culvert at the location of First Avenue extended and the north branch of Ralston Creek. During acquisition of land for the North Branch Dam Project, an agreement between the City and land owners provided for construction of this culvert by the City. The culvert will also allow development to continue north of Ralston Creek. This project is com- pleted. Crandic Railroad Crossings $12,800 This project provides railroad crossing improvements over the Crandic tracks on Highland Avenue, Waterfront Drive and Riverside Drive. This will provide for an asphalt crossing at all three locations. Funding from the bonds will pay the City's share of the total cost (20%). The Crandic Railroad will pay 20% with the remaining 60% funded with State Grade Crossing Surface Repair monies. This project is completed. r 1` t 4 Tanglewood/Ventura $134,100 This project involved construction of concrete paving along with the necessary drainage facilities on Tanglewood Street and Ventura Avenue, replacing a graveled street. Special assessment revenue will abate $44,700 of the total project cost. This project is completed. Alley Paving - Lyons Addition $95,900 This project involved the paving of the alley in Block 6 in Lyons Second Addition (between Johnson and Dodge, north of Bowery Street). The project was requested by the adjoining property owner and the bonds for this project will be abated from special assessment revenues. This project is completed. Burlington Street Bridge Reconstruction $260,000 This project will provide for the reconstruction of the east bound bridge over the Iowa River on Burlington Street. Design costs were funded from a previous bond issue. Construction will be funded with this bond issue plus $650,000 of Federal Aid Bridge Replacement Program monies. This bridge is located at the intersection of Burlington Street, Grand Avenue and Riverside Drive (Highway 218/6). Construction is scheduled to begin in September, 1985. Iowa Avenue Bridge Reconstruction $360,000 This project will provide for the reconstruction of the Iowa Avenue Bridge over the Iowa River. Design costs and a portion of the construc- tion costs were funded by the 1982 Bond Issue. In addition, $650,000 in funding was provided from Federal Aid Bridge Replacement Program monies. This bond issue will provide the remainder of the funding needed for the construction which is scheduled to be completed in September, 1985. Melrose Court $102,200 This project involved the installation of new sidewalk and curb repair along Melrose Court. Construction has been completed. Byington/Melrose Intersection $25,000 This project involves the removal and replacement of the Byington Road and Melrose Avenue intersection, along with associated storm sewer improvements, in order to provide motorists with a turning radius which better suits the area. Total project cost is $43,500. The University of Iowa will contribute $18,500 and the remaining cost will be funded from this bond issue. F i i I. I k f - I i I. I. i � i I i 5 Spruce Street Storm Sewer $55,500 This project will provide an enclosed pipe draining system from the Iowa -Illinois Gas & Electric Detention Basin along the Rock Island Railroad to Pine Street to help alleviate rear yard flooding of the properties along Spruce Street adjacent to the Rock Island Railroad and the Iowa -Illinois property. The design is currently in progress with construction scheduled to start this fall. Shamrock/Arbor Storm Sewer $257,700 This project involves the replacement of existing culverts on Shamrock and Arbor Drives with concrete arch pipes and includes stream channeliza- tion work from west of Peterson Street to the new culvert. The new storm sewer will decrease the amount and area of the flooding in the neighbor- hood. This project is completed. Foster Road - Land Acquisition $62,500 This project involves the right-of-way acquisition to extend Foster Road 1) westerly from Prairie du Chien Road and 2) easterly from North Dubuque Street. Land appraisals are currently being updated. Highway 1/Interstate 80 Sewage Pumping Facilities $383,600 This project involved the abandonment of sewage lagoons and their replacement with a pumping station, force mains and sewer mains. Of the total bonds issued, $289,600 will be abated from Special Assessment Revenues and the remaining ($94,000) will be the City's share of the project costs. Bond Issue Costs Bond Discount Allowance TOTAL BOND ISSUE $35,000 $70,000 $4,700,000 r - i i t j. I'. i I i 5 Spruce Street Storm Sewer $55,500 This project will provide an enclosed pipe draining system from the Iowa -Illinois Gas & Electric Detention Basin along the Rock Island Railroad to Pine Street to help alleviate rear yard flooding of the properties along Spruce Street adjacent to the Rock Island Railroad and the Iowa -Illinois property. The design is currently in progress with construction scheduled to start this fall. Shamrock/Arbor Storm Sewer $257,700 This project involves the replacement of existing culverts on Shamrock and Arbor Drives with concrete arch pipes and includes stream channeliza- tion work from west of Peterson Street to the new culvert. The new storm sewer will decrease the amount and area of the flooding in the neighbor- hood. This project is completed. Foster Road - Land Acquisition $62,500 This project involves the right-of-way acquisition to extend Foster Road 1) westerly from Prairie du Chien Road and 2) easterly from North Dubuque Street. Land appraisals are currently being updated. Highway 1/Interstate 80 Sewage Pumping Facilities $383,600 This project involved the abandonment of sewage lagoons and their replacement with a pumping station, force mains and sewer mains. Of the total bonds issued, $289,600 will be abated from Special Assessment Revenues and the remaining ($94,000) will be the City's share of the project costs. Bond Issue Costs Bond Discount Allowance TOTAL BOND ISSUE $35,000 $70,000 $4,700,000 r - i i Tentative Bond Sale Schedule Iowa City, Iowa August 8, 1985 Initial debt issuance planning meeting with Evensen Dodge personnel and City Finance Department staff. August 27, 1985 City Council sets public hearing date for September 10, 1985. September 4, 1985 Presale Analysis prepared by Evensen Dodge and submitted to City by this date. September 9, 1985 City Council review of Presale Analysis and debt issuance proposals. September 10, 1985 Public hearing; City Council consideration and action on resolution authorizing bond sale. September 11-20, 1985 Evensen Dodge will analyze and prepare disclosure information required for a Moody's rating and an Official Statement. September 24, 1985 Draft copies of an Official Statement will be submitted to City staff and Bond Counsel for review. September 27, 1985 Final draft of Official Statement will be submitted to the printer. October 1, 1985 official publication of Notice of Bond Sale October 1, 1985 Official Statements will be mailed to underwriters and other interested parties throughout the country. October 8, 1985 Official publication of Notice of Bond Sale. October 8-15, 1985 Potential bidders contacted, questions from underwriters and analysts concerning proposed sale answered. October 16, 1985 Bond sale. October 17 - November 8, 1985 Work with Bond Counsel on details concerning arrangements for closing and delivery. November 11, 1985 Approximate date for closing and delivery. IA27.85A/10 i I l i. j i CEty csf low's City MEMORANDUM Date: . August 22, 1985 To: City Council From: Rosemary vitosh, Director of Finance Re: General Obligation Bond Issue The City of Iowa City last issued General Obligation bonds in December, 1982. Since that time and until bonds are again issued, capital improvement project costs have been funded internally through inter -fund loans. A listing of the projects to be funded from this Fall's bond issue is attached. Several special assessment projects are being included in this bond issue instead of marketing aseparate special assessment bond issue. This will reduce bond issuance costs and interest costs since only one issue will be marketed and since GO bond interest rates are typically lower than rates for. special assessment bonds. The scheduled assessments to be paid by property owners will be used to abate the debt service costs (the assessments will be used for principal and interest costs on the bonds instead of levying property taxes). The project descriptions on the attached listing provides information on the amount of the abatement for each special assessment project. A tentative bond sale schedule for this bond issue is also attached. I have been working with Evensen Dodge, our financial advisors, on the planning for this bond issue. They are preparing a Pre -sale Analysis Report which will be sent to you on September 6, 1985. This report will contain more detailed in- formation on the bond issue including how it is being structured for market- ing. Wayne Burggraaff, Evensen Dodge, and I will be at the September 9, 1985, informal Council meeting to discuss the pre -sale analysis and to answer any questions you may have on this bond issue. The attached resolution sets a public hearing on the proposed bond issue for September 10, 1985. This resolution was prepared by Ken Haynie, the City's Bond Counsel. Ken is with the law firm of Ahlers, Cooney, Dorweiler, Haynie, Smith b Allbee in Des Moines and has been retained by the City for municipal bond work for over 15 years. Please note that the bond sale schedule shows the Council considering a resolution authorizing the bond sale on September 10th immediately following the public hearing. The resolution was scheduled on that date instead of at the next formal meeting (September 24) in order to move the bond sale along as quickly as possible. The interest rates for General Obligation bonds is very favorable at this time and there is some indication that the rates will increase later this fail. It is therefore preferable to take bids as soon as possible. I will proceed with this schedule unless otherwise directed by the Council. I would also like to point out another change in the schedule that varies from the way we have handled previous bond issues. In the past, a special Council meeting was scheduled for the bond sale. At that meeting, the bids i1 n Proposed 1985 General Obligation Bond Issue St. Anne Drive $47,200 This project involves the paving of St. Anne Drive from a 25 foot width at Prairie du Chien Road to a width of 33 feet at Foster Road. The existing surface was gravel and needed to be paved. Special assessment revenue will abate $15,750 of the total project cost. This project is completed. Airport Corporate Hangar $166,600 A building is being constructed to house one corporate hangar and a maintenance shop/garage. The corporate hangar has already been leased to Hansen Lind Meyer and the shop/garage area will be used by the Airport for storage of its equipment.. The project is currently under construc— tion with a total estimated cost of $226,600. $60,000 will be funded from the Airport Improvement Reserve. The remainder will be funded with G.O. Bonds which will be totally abated from the rental income on the corporate hangar. Airport Runway Improvements $857.100 This project will bring the Iowa City Airport back into compliance with FAA regulations. It includes purchasing land and aerial easements and the construction of a 355 foot extension to runway 24. Taft Speedway Sewer Extension $116,400 This project involves the extension of a 33 inch trunk sewer, from the terminus of the River Corridor Sewer, west to Taft Speedway/Foster Road intersection, approximately 2,400 lineal feet. This project will serve future development west of Dubuque Street and north of the Iowa River. Total project cost is $203,400. Sewer revenues will fund $87,000. The remainder will be funded by bonds which will be 100% abated from special assessment revenues. This project has been completed. Clinton Street Reconstruction $127.800 This project includes the replacement of existing pavement with Portland cement concrete on Clinton Street, from Iowa Avenue to Washington Street. It includes replacing broken sidewalk, curb and sidewalk vaults and installing light fixtures as well as tree wells and minor amenities. This project is currently under construction and scheduled for completion in August, 1985. j 2 I , Burlington Street Paving Repair $36,200 This project involves the removal and replacement of pavement which was extensively cracked in the block between Capitol Street and Clinton jStreet, on Burlington Street. This project has been completed. Alley Paving - FY86 $65,400 This project involves the paving of alleys located in Block 1 of Lyon's First Addition (between Gilbert Street and Van Buren Street, north of Bowery Street) and north of E. Davenport Street (between Reno Street and Pleasant). These alleys were gravel surfaces and the adjoining property f - owners requested that they be paved. The entire cost, except for $1,360, ! 1, will be abated from Special Assessment revenues. f Dubuque Street, Iowa Avenue to Park Road $30,500 This project involves widening the street and the removal and replacement of existing pavement with Portland cement concrete. The storm sewer facilities will also be upgraded to meet present standards. Design is currently in progress for this project. Construction is scheduled to begin in May, 1986. This bond issue will only cover design costs. Mercer Park Sidewalk $7,100 This project will provide sidewalk along Dover Street on the east side of ,. Mercer Park, and will join with the existing sidewalk in the area. Since the Village Green area is nearly fully developed, access along the park 1s necessary for pedestrian use and safety. Willow Creek Park Sidewalk $14,100 This project will provide sidewalk along Benton Street on the north side of Willow Creek Park. The Penny Bryn area is nearly fully developed and access along the park is necessary for pedestrian use and safety. Sidewalk Construction - FY86 $23,500 This project involves the installation of sidewalk along various streets where no sidewalk now exists. Property owners will be assessed for design and construction of sidewalk on the property while the City will fund construction of curb, gutter and crosswalks, their design and Inspection. Therefore, $15,500 will be abated by special assessment revenues. l � j 3 i i ■ 3 Villa Park Sidewalk $7,200 This project will provide sidewalk along MacBride Drive and MacBride Road on the north and west sides of Villa Park, and will join with the existing sidewalk in the area. Part II of MacBride Subdivision has developed to the extent that the installation of sidewalk along Villa Park is necessary in order to provide pedestrians access along the park in a safe, useful manner. East Side Water Storage Tank $930,800 This project provides for the construction of a two million gallon water tank on the north side of Rochester Avenue at Post Road. There has been i substantial growth in the eastern part of Iowa City since the early 70s. This has created the need to expand storage capacity to provide water at an adequate pressure. The project is now near completion. Total project cost is estimated at $1,280,000. A portion of the cost ($350,000) is being funded from Water Bond Reserve Funds. The remainder will be paid from G.O. Bonds which will be abated with water revenues. Rundell/Dearborn Storm Sewer ;211,800 This project provides for the installation of a storm sewer system and a lift station which will drain the intersections of Dearborn Street -Center Avenue and Rundell Street -Center Avenue. It will provide relief from flooding in the intersections during rain storms. Total project cost is i $369,360. Funding of $157,560 came from CDBG and the remainder is being funded from this bond issue. This project is compieted. First Avenue Culvert $204,000 This project will provide for the construction of a reinforced box culvert at the location of First Avenue extended and the north branch of Ralston Creek. During acquisition of land for the North Branch Dam Project, an agreement between the City and land owners provided for construction of this culvert by the City. The culvert will also allow development to continue north of Ralston Creek. This project is com- pleted. Crandic Railroad Crossings $12,800 This project provides railroad crossing improvements over the Crandic tracks on Highland Avenue, Waterfront Drive and Riverside Drive. This will provide for an asphalt crossing at all three locations. Funding from the bonds will pay the City's share of the total cost (20%). The Crandic Railroad will pay 20% with the remaining 60% funded with State Grade Crossing Surface Repair monies. This project is completed. 1 155,3 f 4 Tanglewood/Ventura $134,100 This project involved construction of concrete paving along with the necessary drainage facilities on Tanglewood Street and Ventura Avenue, replacing a graveled street. Special assessment revenue will abate $44,700 of the total project cost. This project is completed. Alley Paving - Lyons Addition $95,900 This project involved the paving of the alley in Block 6 in Lyons Second Addition (between Johnson and Dodge, north of Bowery Street). The project was requested by the adjoining property owner and the bonds for this project will be abated from special assessment revenues. This project is completed. Burlington Street Bridge Reconstruction $260,000 This project will provide for the reconstruction of the east bound bridge over the Iowa River on Burlington Street. Design costs were funded from a previous bond issue. Construction will be funded with this bond issue plus $650,000 of Federal Aid Bridge Replacement Program monies. This bridge is located at the intersection of Burlington Street, Grand Avenue and Riverside Drive (Highway 218/6). Construction is scheduled to begin in September, 1985. Iowa Avenue Bridge Reconstruction $360,000 This project will provide for the reconstruction of the Iowa Avenue Bridge over the Iowa River, Design costs and a portion of the construc- tion costs were funded by the 1982 Bond Issue, In addition, $650,000 in funding was provided from Federal Aid Bridge Replacement Program monies. This bond issue will provide the remainder of the funding needed for the construction which is scheduled to be completed in September, 1985. Melrose Court $102,200 This project involved the installation of new sidewalk and curb repair along Melrose Court. Construction has been completed. Byington/Melrose Intersection $25,000 This project involves the removal and replacement of the Byington Road and Melrose Avenue intersection, along with associated storm sewer Improvements, in order to provide motorists with a turning radius which better suits the area. Total project cost is $43,500. The University of Iowa will contribute $18,500 and the remaining cost will be funded from this bond issue. 15531 I I I f 3 i i 1 } J Spruce Street Storm Sewer $55,500 This project will provide an enclosed pipe draining system from the Iowa -Illinois Gas 8 Electric Detention Basin along the Rock Island Railroad to Pine Street to help alleviate rear yard flooding of -the properties along Spruce Street adjacent to the, Rock Island Railroad and the Iowa -Illinois property. The design is currently in progress with construction scheduled to start this fall. Shamrock/Arbor Storm Sewer $257,700 This project involves the replacement of existing culverts on Shamrock i and Arbor Drives with concrete arch pipes and includes stream channeliza- tion work from west of Peterson Street to the new culvert. The new storm sewer will decrease the amount and area of the flooding in the neighbor- ! hood. This project is completed. Foster Road - Land Acquisition $62,500 This project involves the right-of-way acquisition to extend Foster Road 1) westerly from Prairie du Chien Road and 2) easterly from North Dubuque Street. Land appraisals are currently being updated. 1 Highway 1/Interstate 80 Sewage Pumping Facilities $383,600 t This project involved the abandonment of sewage lagoonsand their i replacement with a pumping station, force mains and sewer mains. Of the ; total bonds issued, $289,600 will be abated from Special Assessment Revenues and the remaining ($94,000) will be the City's share of the project costs. i .. Bond Issue Costs $35,000 Bond Discount Allowance $70.000 000 700 4 $ TOTAL BOND ISSUE ,, $4,700,000 1 Tentative Bond Sale Schedule Iowa City, Iowa August 8, 1985 Initial debt issuance planning meeting with Evensen Dodge personnel and City Finance Department staff. August 27, 1985 City Council sets public hearing date for September 10, 1985. September 4, 1985 Presale Analysis prepared by Evensen Dodge and submitted to City by this date. September 9, 1985 City Council review of Presale Analysis and debt issuance proposals. September 10, 1985 Public hearing; City Council consideration and action on resolution authorizing bond sale. September 11-20, 1985 Evensen Dodge will analyze and prepare disclosure information required for a Moody's rating and an Official Statement. September 24, 1985 Draft copies of An Official Statement will be submitted to City staff and Bond Counsel for review. September 27, 1985 Final draft of Official Statement will be submitted to the printer. October 1, 1985 Official publication of Notice of Bond Sale October 1, 1985 Official Statements will be mailed to underwriters and other interested parties throughout the country. October 8, 1985 Official publication of Notice of Bond Sale. October 8-15, 1985 Potential bidders contacted, questions from underwriters and analysts concerning proposed sale answered. October 16, 1985 Bond sale. October 17 - November 8, 1985 Work with Bond Counsel on details concerning arrangements for closing and delivery. November 11, 1985 Approximate date for closing and delivery. IA27.85A/10 RESOLUTION NO. 85-263 RESOLUTION APPROVING PLANS, SPECIFICATIONS, FORM OF CONTRACT, AND ESTIMATE OF COST FOR THE CONSTRUCTION OF THE CREEKSTDE NrIGIBOR1100D SIDEWALK PRQTECT ESTABLISHING AMOUNT OF BID SECURITY TO ACCOMPANY EACH BID, DIRECTING CITY CLERK TO PUBLISH NOTICE TO BIDDERS, AND FIXING TIME AND PLACE FOR RECEIPT OF BIDS. WHEREAS, notice of public hearing on the plans, specifications, form of contract, and estimate of cost for the construction of the above-named project was published as required by law, and the hearing thereon held. NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF IOWA CITY, IOWA: 1. That the plans, specifications, form of contract, and estimate of cost for the construction of the above-named project are hereby approved. 2. That the amount of bid security to accompany each bid for the construction of the above-named project shall be in the amount of l0; payable to Treasurer, City of Iowa City, Iowa. 3. That the City Clerk is hereby authorized and directed to publish notice for the receipt of bids for the construction of the above-named project in a newspaper published at least once weekly and having a general circulation in the city not less than four (4) nor more than twenty (20) days before the date established for the receipt of bids. 4. That bids for the construction of the above-named project are to be received by the City of Iowa City, Iowa, at the Office of the City Clerk, at the Civic Center, until 10:30 A.M. on the _171_1_�_ _day of 19_81. Thereafter, the bids wiTT_Fe__op­en_edTy the City Engineer or his es gnee, an thereupon referred to the Council of the City of Iowa City, Iowa, for action upon said bids at its next meeting to be held at the Council Chambers, Civic Center, Iowa City, Iowa, at 7:30 p.m. on the 24th day of September , 19 85. It was moved by Baker and seconded by Ambrisco that the resolution as read be adopted, an upon roll call there were: AYES: NAYS: ABSENT: �— Ambrisco X Baker X Dickson X Erdahl X McDonald X Strait X Zuber Passed and approved this 27thday of Au ist 1�985./�% YOR ATTEST:7�,��.J _•� itoeetvad,Ii Approved Dy 1"n i, al Dep21 nt --��j= 198 RESOLUTION NO. 85-264 RESOLUTION APPROVING PLANS, SPECIFICATIONS, FORM OF CONTRACT, AND ESTIMATE OF COST FOR THE CONSTRUCTION OF THE SPRUCE STREET DRATNA(T PR= - ESTABLISHING AMOUNT OF BID SECURITY TO ACCOMPANY EACH BID, DIRECTING CITY CLERK TO PUBLISH NOTICE TO BIDDERS, AND FIXING TIME AND PLACE FOR RECEIPT OF BIDS. WHEREAS, notice of public hearing on the plans, specifications, form of contract, and estimate of cost for the construction of the above-named project was published as required by law, and the hearing thereon held. NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF IOWA CITY, IOWA: 1. That the plans, specifications, form of contract, and estimate of cost for the construction of the above-named project are hereby approved. 2. That the amount of bid security to accompany each bid for the construction on of the above-named project shall be in the amount of 10% payable Treasurer, City of Iowa City, Iowa. 3. That the City Clerk is hereby authorized and directed to publish notice for the receipt of bids for the construction of the above-named project in a newspaper published (4)lnortmoreethanktwenty (20)and ndays9eneral before theculation in the date establishedifornot less the receipt of bids. 4. That bids for the construction of the above-named project are to be received by the City of Iowa City, Iowa, at the Office of the City Clerk, laat the Civic Center, until 10:30 A.M. on the 17th day of Sentember + the bids % a opene y the City ng neer or his es gnee, ano thereupon referred to the Council of the City of Iowa City, Iowa, for action upon said bids at its next meeting to be held at the Council Chambers, Civic Center, Iowa City, Iowa, at 7:30 p.m. on the 24th day of Sentember + 1985- it resolutionsasoved readbbe, a opt Strait ,aan upon rollscallded there risco that the were: AYES: NAYS: ABSENT: X- Ambrisco X Baker g Dickson X Erdalil X _ DicDonald X _ Strait X tuber i Passed and approved this 27th day of Au st 19. MAYOR ATTEST: J1�n • , i:acohed A Approved I CITY CLERKDY, �;,�� n rnt ]00 The Council considered the bids received and publicly opened pursuant to resolution of the Council and notice duly Published for construction of the FY1986 Alley Paving Assessment Project, in accordance with the plans and specifi- cations therefor. Council Member Ambrisco moved and Council Member Baker seconded the motion as follows: X To adopt the following resolution Making Award of Contract(s) To defer bids for later consideration and action to a meeting to be held on the day of , 1985, next, at o'clock M., at this meeting place, with jurisdiction retained over all bids received. The roll was called and the vote was, AYES: Dickson, Brdahl, McDonald, Strait Zuber, Ambrisco, Baker. NAYS: None Whereupon, the Mayor declared the following Resolution duly adopted: 85-265 RESOLUTION MAKING AWARD OF CONTRACT BE IT RESOLVED BY THE COUNCIL OF THE CITY OF IOWA CITY, IOWA: That the bid of Metro Pavers, Inc. of Iowa City Iowa , in the amount of $43.271.76 for the construction of the FY1986 Alley Paving Assessment Project, described in the plans and specifications heretofore adopted by this Council for said -2- ANM C .V. W�1" IUY* A 6 L A%M U+ D Abine,, I Project, after public hearing on published notice required by law, be and is hereby accepted, the same being the lowest bid received for said work. The Mayar and Clerk are hereby directed to execute each contract aliarded above for the construction of said improvements, said contract not to be binding on the City until approved by this Council. 1985PASSED AND APPROVED, this 27th day of Au.¢ust ATTEST: C111lerk 0 QED I- Ck.. Du In H. NC WthL ML �MR'M1 Dn Mdnn, Ivw 166 i Project, after public hearing on published notice required by law, be and is hereby accepted, the same being the lowest bid received for said work. The Mayar and Clerk are hereby directed to execute each contract aliarded above for the construction of said improvements, said contract not to be binding on the City until approved by this Council. 1985PASSED AND APPROVED, this 27th day of Au.¢ust ATTEST: C111lerk 0 QED I- Ck.. Du In H. NC WthL ML �MR'M1 Dn Mdnn, Ivw 166 CIG -3 4-85 CERTIFICATE STATE OF IOWA ) SS COUNTY OF JOHNSON ) I, the undersigned City Clerk of Iowa City, Iowa, do hereby certify that attached is a true and complete copy of the portion of the corporate records of said Municipality showing proceedings of the Council, and the same is a true and complete copy of the action taken by said Council with respect to said matter at the meeting held on the date indicated in the attachment, which proceedings remain in full force and effect, and have not been amended or rescinded in any way; that meeting and all action thereat was duly and publicly held in accordance with a notice of meeting and tentative agenda, a copy of which was timely served on each member of the Council and posted on a bulletin board or other prominent place easily accessible to the public and clearly designated for that purpose at the principal office of the Council (a copy of the face sheet of said agenda being attached hereto) pursuant to the local rules of the Council and the provisions of Chapter 21, Code of Iowa, upon reasonable advance notice to the public and media at least twenty-four hours prior to the commencement of the meeting as required by said law and with members of the public present in attendance; I further certify that the individuals named therein were on the date thereof duly and lawfully possessed of their respective city offices as indicated therein, that no council vacancy existed except as may be stated in said proceedings, and that no controversy or litigation is pending, prayed or threatened involving the incorporation, organization, existence or boundaries of the City or the right of the individuals named therein as officers to their respective positions. WITNESS my hand and the seal of said Municipality hereto affixed this _27th_ day of August , 1985. SEAL City Clerk, Iowa City, Iowa AMM C�.,brk MM U����� ADVERTISEMENT FOR BIDS FY86 ALLEY PAVING ASSESSMENT PROJECT Sealed proposals will be received by the City Clerk of the City of Iowa City, Iowa, until 10:30 A.M. on the 20th day of August, 1985, and opened immediately thereafter by the City Engineer. Proposals will be acted upon by the City Council at a meeting to be held in the Council Chambers at 7:30 P.M. on August 27, 1985, or at such later time and place as may then be fixed. The work will involve the following: The construction of six (6) inch P.C.C. alley slabs and two (2) P.C.C. retain- ing walls together with the necessary grading, drainage facilities, drive- ways, etc., in two locations in Iowa City, Iowa. Ail work is to be done in strict compliance with the plans and specifi- cations prepared by Francis K. Farmer, P.E., City Engineer of Iowa City, Iowa, which have heretofore been approved by the City Council, and are on file for public examination in the Office of the City Clerk. Whenever reference is made to the "Standard Specifications", it shall be the "Standard Specifications for Highway and Bridge Construction", Series of 1984, Iowa Department of Transportation, Ames, Iowa. Each proposal shall be completed on a form furnished by the City and must be accompanied in a sealed envelope, separate from the one containing the form proposal, either security: fthe (1) a certified or cashier's check drawn on a solvent Iowa bank or a bank chartered under the laws of the United States or a certi- fied share draft drawn on a credit union in Iowa or chartered under the laws of the United States, in an amount equal to 10% of the bid, or (2) a bid bond executed by a corporation author- ized to contract as a surety in the State of Iowa, in a penal sum of 10% of the bid. The bid security shall be made payable to the TREASURER OF THE AF -1 t i i i ADVERTISEMENT FOR BIDS FY86 ALLEY PAVING ASSESSMENT PROJECT Sealed proposals will be received by the City Clerk of the City of Iowa City, Iowa, until 10:30 A.M. on the 20th day of August, 1985, and opened immediately thereafter by the City Engineer. Proposals will be acted upon by the City Council at a meeting to be held in the Council Chambers at 7:30 P.M. on August 27, 1985, or at such later time and place as may then be fixed. The work will involve the following: The construction of six (6) inch P.C.C. alley slabs and two (2) P.C.C. retain- ing walls together with the necessary grading, drainage facilities, drive- ways, etc., in two locations in Iowa City, Iowa. Ail work is to be done in strict compliance with the plans and specifi- cations prepared by Francis K. Farmer, P.E., City Engineer of Iowa City, Iowa, which have heretofore been approved by the City Council, and are on file for public examination in the Office of the City Clerk. Whenever reference is made to the "Standard Specifications", it shall be the "Standard Specifications for Highway and Bridge Construction", Series of 1984, Iowa Department of Transportation, Ames, Iowa. Each proposal shall be completed on a form furnished by the City and must be accompanied in a sealed envelope, separate from the one containing the form proposal, either security: fthe (1) a certified or cashier's check drawn on a solvent Iowa bank or a bank chartered under the laws of the United States or a certi- fied share draft drawn on a credit union in Iowa or chartered under the laws of the United States, in an amount equal to 10% of the bid, or (2) a bid bond executed by a corporation author- ized to contract as a surety in the State of Iowa, in a penal sum of 10% of the bid. The bid security shall be made payable to the TREASURER OF THE AF -1 t i CITY OF IOWA CITY, IOWA, and shall be forfeited to the City of Iowa City as liquidated damages in the event the successful bidder fails to enter into a contract within ten (10) days and post bond satisfactory to the City insuring the faithful performance of the contract and maintenance of said work, if required, pursuant to the provisions j of this notice and the other contract documents. Checks of the lowest two or i more bidders may be retained for a period of not to exceed fifteen (15) days until a contract is awarded or rejection is made. Other checks will be returned after the canvass and tabulation of bids is completed and reported to the City Council. Payment to the Contractor will be made as specified in the "Standard Specifications", Article 1109.06. The successful bidder will be required to furnish a bond in an amount equal to one hundred percent (100X) of the contract price, said bond to be t issued by a responsible surety approved by the City Council and shall guarantee i the prompt payment of all materials and labor and protect and save harmless the City from claims and damages of any kind caused by the operation of the j contract, and shall also guarantee the maintenance of the improvement for a period of five (5) years from and after its completion and acceptance by the City. The following limitations shall apply to this project: Working Days: 25 Completion Date: October 8, 1985 Liquidated Damages: $150 per day ) The plans, specifications, and proposed contract documents may be examined at the Office of Francis K. Farmer, P.E., by bona fide bidders. Return all plans and specifications to the City Engineer's office in good condition within fifteen (15) days I after the opening of the bids. AF -2 /6/6 I i. i i j I i I Prospective bidders are advised that the City of Iowa City desires to employ minority contractors and subcontractors on City projects. The Contractor awarded the contract shall submit a list of proposed subcontractors along with quantities, unit prices and amounts before starting i construction. If no minority business i enterprises (MBE) are utilized, the Contractor shall furnish documentation of all efforts to recruit MBE's. A listing of minority contractors is E available and can be obtained form the Civil Rights Specialist, at the Iowa City Civic Center, by calling 319/356-5022. By virtue of statutory authority, preference will be given to products 1 and provisions grown and coal produced ; within the State of Iowa, and to Iowa ' I. domestic labor, to the extent lawfully required under Iowa Statutes. The Iowa f Reciprocal Preference Act (SF 2160) applies to the contract with respect to i bidders who are not Iowa residents. The City reserves the right to reject i any or all proposals and to waive technicalities and irregularities. Published upon order of the City Council of Iowa �City, Iowa. MARhA R, CITY CLERK, I, i i �• l AF -3 l RESOLUTION NO. 85-266 RESOLUTION APPROVING THE OFFICIAL FINANCIAL REPORT FOR CITY STREETS AND PARKING AND THE OFFICIAL STREET CON- STRUCTION PROGRAM PROJECT STATUS REPORT FOR THE FISCAL YEAR ENDING JUNE 30, 1985. BE IT RESOLVED BY THE CITY COUNCIL OF IOWA CITY, IOWA, that the Official Financial Report for City Streets and Parking and the Official Street Construction Program Project Status Report for the period beginning July 1, 1984, through June 30, 1985, be approved. It was moved by Erdahl and seconded by Dickson that the Resolution be adopted, and upon roll call there were: AYES: NAYS: ABSENT: X Ambrisco g Baker X Dickson X Erdahl X McDonald X Strait R Zuber Passed and approved this 27th day of August 1985. ATTEST:%��.-�> Ze�s�J CIT1r CLERK Rocelved d, Approved Ry �*ID -_^I )I Rte] IOWA DEPARTMENT OF TRANS RTATION r FORM]200053-e5 Iowa Department of Transportation OFFICIAL FINANCIAL REPORT for r ,: CITY STREETS AND PARKING y . City Iowa City T.' County Johnson ; From July 1, 19,84 to June 30, 1985. c h Marian.Karr city clerk of the ,dity} ;. ?., of Iowa city".do hereby certify that the city council has by resolution approved this report as Itsolhclal 1985 FA al,Year Street Finance Report this "2�th day of 85 7-1 " , .. art y tt i•A v c hiean�Kar�r ; City Clerk K, eta n� A�lre 41A E `rWeshln ton St. Iowa City, IA 52240 F ; 319-356-5041 1Z irp —hone'No. Hour,Available 8:00 a.m.;-5:60: cl., aye Kate nlckson — Members of theCounell Ernest 7ehor +. ergo strait Argy Rakpr c Clemens Erdahl William AYbticco t I l On or before September 10, 1985, two copies of this report Shall be filed with the Iowa Depanment of Trenapo nation. '. i This report consists of PUT NUMSERa 2Ae 2B 2C, b 20 '.,.. DI{TRINUrIDM WAIU Copy -CHI. of Tnn,W.Iian lnanto, ftlow Copt' -City: MnM Copy. DIFIrld TnmpoNMlon Pbnmr• OOlpmroa COPY- W0M18IwP1 • IOWA DEPARTMENT OF TRANSPORTATION FORM22.0004 kS STREET FINANCE REPORT FROM ALL SOURCES FOR STREET PURPOSES Din Iowa City County Johnson Official Census Figure 50,508 City No. 3 7 1 5 A. 1. Ending Balance Last Street Finance Report 2. Adjustment (Explain on RUT -28) 3, Actual Book Balance, July 1, 1984 ACTUAL RECEIPTS B. 1. Road Use Tax ........................... 2. Property Taxes .......................... 3. Special Assessments ..................... 4. Misc. (Itemize on Next Page) ................ S. Proceeds From Bonds Sold ................. 6. Interest Earned .......................... C. Total Receipts (Lines Bt thru B6) ............. D. TOTAL FUNDS AVAILABLE .................. _. _(Line A3«Una C) ACTUAL EXPENDITURES E. Maintenance 1. Roadway Maintenance .................... 2. Snow and lee Removal .................... 3. Storm Sewers ........................... 4. Traffic Services .......................... 5. Street Cleaning .......................... F. Construction or Reconstruction 1. Engineering ...' ........................A 2. Right of Way Purchased ..................A 3. Roadway Construction ................... A 4. Storm Sewers ..........................A 5. Traffic Services .........................A 6. Sidewalks .............................A G. Administration ............................ H. Street Lighting ............................ I. Trees ................................... J. Equipment Purchased ...................... K. Misc. (Itemize on Next Page) ................. L. Bonds and Interest Paid 1. Paid on Bonds Retired .................... 2. Interest Paid on Bond ..................... M. Non -Street Purposes ....................... N. Total Expenditures (Linea E thru M) ............ O, BALANCE, June 30,1985 .................... P. TOTAL FUNDS ACCOUNTED FOR. (Line N ♦ Line O) RUT -2A COLUMNI COLUMN COLUMN COLUMN4 ROAD USE GENERAL OTHER TAXFUND FUND FUNDS" TOTALS (ROUND FIGURES TO NEAREST DOLLAR) 293,143 (43,893 11,703 260,953 293,14343 893 11,703 2 1,675,447 1,675,447 46,868 1,170,939 1.217 " 24,667 280 24:947 1,700.114 1,450.939 1,170.939 4,321,992 1,993,257 1.407 046 1.182.642 4,582,945 64,219 641219 1,975.839 1,975,839 157,385 95,445 252,830 238.247 238,247 834,750 834,750 128.502_ 328.502 1,846.744 2.373.750 1.163,252 5,383,746 146.513 (966.704) 19,390 (800,8011 1,993, 57 1.407.046 1.182.642 4,582,945 (A) Road -Use Tax Expenditures for these six items must be divided to extension of rural systems, municipal arterial, collector and local streets on Form RUT 2-B (**)Debt Service, Project and Special Assessments, Utility Funds,etc. Include the balances lot Funds which are used entirely for { streets. Read Your New Instructions, 1® t DISTRIDOTIOM WnII, COPY- OIIIp Or Tran,paAMIOM lnwnIW. Yetlaw cap" - City. Pink Copy- Dialdn Tnansparudim Planner, OWdenred Capt • Wark,l,xl l v 17 j i Municipal Municipal Arterial Collector Local Func. Class 10 Func. Class 11 Func. Class 12 Total 1 I, r, I j I. I. I I !I i I I IOWA DEPARTMENT OF TRANSPORTATION FORM 220005 � STREET FINANCE REPORT Municipality Iowa City CONSTRUCTION & RECONSTRUCTION EXPENDITURES FROM ROAD USE TAX ACCOUNT (USE FIGURES FROM COL. 1, RUT - 2A ONLY) City No. 3 7 1 5 Ext. of Rural Systems Trunk Trunk Collector Func. Class 06 Func. Class 07 1. Engineering 2. Right of Way Purchased 3. Roadway Construction 4. Storm Sewers 5. Traffic Services 5. Sidewalks It I RUT2•e Municipal Municipal Municipal Arterial Collector Local Func. Class 10 Func. Class 11 Func. Class 12 Total oa Comments: (Including street expenditures by subdividers.) Itemization of Miscellaneous Receipts (Line 114) (See Instructions) Charges for Services Reimbursement of Damages Grants - FHWA Sale of Real Estate Miscellaneous Sales Transfers Tn Line B-4 Totals Itemization of Miscellaneous Expenditures (Line K.) (See instructions.) COLUMN2 $ 14.390 5.065 891.676 29.172 1.614 452.255 COLUMN Line K Totals ' 1 ® DISTRIBUTION: WM1IWhit.Copy • olRot of TMnspoMBon lnwnlon. YFllor Copy •CIIy; Pink Copy• Dblrld Tnmpodnion Planner: DPIUINoe, Gd CPPy-Worb'4l7 STREET FINANCE REPORT Form RUT -2C On and Off Street Rev. 02-85 Parking Statement City of Iowa City City No. A. ACTUAL BALANCE July 1, 1984 . . . . . . . . . . . 1,440,285 ACTUAL RECEIPTS B. Parking and Meter Receipts 1. Street Meter Revenue . . . . . . . . . . . . . . _ 235.795 2. Lot or Garage Meter Revenue . . . . . . . . . 1.035.259 3. Other Lot or Garage Revenue (Rentals) . . . . 11.049 4. Property Taxes . . . . . . . . . . . . . . . . . -0- 5. Miscellaneous (10KVA)iI0MX See ptxaphpiept. 308.608 Total (Lines B1 -B5) . . . . . . . . . . . . . 1.590.711 C. Proceeds of Parking Bonds Sold.. . . . . . . . . -0- D. Total Receipts (Lines B1 -B5 and Line C) . . . . . 1,590,711 E. TOTAL PARKING FUNDS AVAILABLE (Lines A and D) . . 3.030.996 ACTUAL EXPENDITURES F. For On and Off Street Parking 1. Acquisition and Installation of Meters. . . . 56.270 f 2. Maintenance and Repair of Meters. . . . . . . STREET FINANCE REPORT Form RUT -2C On and Off Street Rev. 02-85 Parking Statement City of Iowa City City No. A. ACTUAL BALANCE July 1, 1984 . . . . . . . . . . . 1,440,285 ACTUAL RECEIPTS B. Parking and Meter Receipts 1. Street Meter Revenue . . . . . . . . . . . . . . _ 235.795 2. Lot or Garage Meter Revenue . . . . . . . . . 1.035.259 3. Other Lot or Garage Revenue (Rentals) . . . . 11.049 4. Property Taxes . . . . . . . . . . . . . . . . . -0- 5. Miscellaneous (10KVA)iI0MX See ptxaphpiept. 308.608 Total (Lines B1 -B5) . . . . . . . . . . . . . 1.590.711 C. Proceeds of Parking Bonds Sold.. . . . . . . . . -0- D. Total Receipts (Lines B1 -B5 and Line C) . . . . . 1,590,711 E. TOTAL PARKING FUNDS AVAILABLE (Lines A and D) . . 3.030.996 ACTUAL EXPENDITURES F. For On and Off Street Parking 417 1. Acquisition and Installation of Meters. . . . 56.270 2. Maintenance and Repair of Meters. . . . . . . 4.576 3. Acquisition and Improvement of Parking. . . . 195.458 4. Maintenance and Operation for Parking . . . . 1,087,622 5. Policing and Enforcement. .. . . . . . . . . . Total (Lines F1 -F5) . . . . . . . . . . . . . 1,343,926 G. Parking Bonds and Interest Paid 1. Paid on Bonds Retired . . . . . . . . . . . . 120,000 2. Interest Paid . . . . . . . . . . . . . . . . 323,061 H. Street Work Paid from Parking . . . . . . . .. . -0- (Amount claimed under miscellaneous receipts on Form RUT -2B) I. Total Expenditures (Lines F145, G1 -G2 & Line H). 1,786,987 J. ACTUAL BALANCE June 30, 1985. . . . . . . . . . . 1,244,009 K. TOTAL PARKING FUNDS ACCOUNTED FOR (Lines I & J) . 3,030,996 417 i J �� I. � � 4.. ��� �., i t -� ::'i � � ,. `;. � :. � .i .; �: �� � I ��: � �` �: ,; ,, ,. :is ,,_`l _� i �`� .:..., ,_. y,. _;.. �; ;. ,:, ;- ;., .. ;; .. ;; �. ;. i Iowa DepetlmenLol Tnneponelloli, / `• loom) t20e15 Sig " OFFICIAL o�et DP Tai".4 STREET CONSTRUCTION PROGRAM �d=a PROJECT STATUS REPORT �..� FOR . l�. ❑ CITIES - Pop. 1,000.4,999 (one-year) CITIES - Pop. 5,000 & over (five-year comprehensive) t: CITY Iowa City, Totaa_ COUNTY •1011n3On FROM JULY 1, 1984 TO JUNE 30, 1985 I, AL•trian K. Karr city clerk of the City of TOI,'a City, 7OWa do hereby certify that the city council has '{by resolution approved this official report as Its fiscal July 1, 1984 to June30, 1985 one•yearlilve-year comprehensive Street Construc 1 tion Program this Month A imisf! , Day ?.L, Year 1085 . City Clork htvrinn P. Karr %7_•., > -/� 41 t, MahingAdd;eae 4101::'hrashi.neton Street, Towa City, Tnua 52240 Daytime Phone No,' `• (319) 35C-5041 Hours Avallable 8:86 a.n. tO SrM 11,11. , Nres Caool John 1%tDonald lr , ,Mayor MEMBERS OF THE COUNCIL Rill .NRhriscn Larry Rnkor Bate Dicksnn Clcmene Tirdnli1 Tohn ficllrenelrl Cmrrr Strait On or before September 10 of each year two copies of this report shall be filed with the Iowa Department of Transportation. DISTRIBUTION: Mile • 011ice of Tnnsporltllon lnc; Yellow • Clly Copy; Pink, Dlellat Tianepoltelien Planner i I i a I I I - I - I i I i i I I I I I .. _. i.�. FORM =14 060 STREET NAME I ; I I i i I R.U.T. 5 STATE • - - TYPE OF CONSTRUCTION FUNCTIONAL ' 1. RIGHT OF WAY CLASSIFICATION Clinton Street 2. GRADE AND DRAIN OF ARTERIAL EXTENSION 11 0. PAVE 0 ARTENIAL CONNECTOR EXTENSION 0 08 A RECONSTRUCTIONDO TRUNN EXT. OF 2 S. PAVEMENT WIOENINU OI IR INX f RURAL - owa River) 6. RESURFACING COLLECTOR SY57EMS Concrete 9 T. SHOULDER WIDENING 10 MUNICIPAL ARTERIAL 75 O. SURFACE RESTORATION SYSTEMS Miscellaneo O. BRIDGE OR CULVERT ONLY II MUNICIPAL COLLECTOR - 10. INTERSECTION LIGHTING SYSTEMS 279.9S7 11. STREET LIGHTING IT MUNICIPAL SERVICE 1" 12 MISCELLANEOUS SYSTEMS I STREET NAME I ; I I i i I R.U.T. 5 i I i I , L I PROJECT STATUS REPORT STREET CONSTRUCTION PROGRAM Accomplishments July 1, 19 84 To June 30, 1985 Pop. 1,000 •4,999 ❑ 1 year program Pop. 5,000 8 over 1X5 year program CITY Iowa City, Iowa COUNTY. Johnson PROD. ... NO. STREET NAME PROJECT LIMITS i i I R.U.T. 5 SHEET 1 OF 2 CITY Iowa City, Iowa COUNTY. Johnson PROD. ... NO. STREET NAME PROJECT LIMITS STATE FDNC. CLASS. SURFACE TYPE OF WIDTH TYPE CONST. PROJECT LENGTH (MILES) TOTAL COST (DOLLARS) % COMPLETED FROM TO 1 Clinton Street Washington Street Iowa Avenue 11 64 Concrete 4 0 08 6 00 2 Iowa (Bridge over owa River) 10 - Concrete 9 315 x 70 1,074,632 75 3 Asphalt Resurface Miscellaneo locations II 6 12� Varies As halt 12 q 2 279.9S7 100 4 Street $ Curb Repair Miscellaneou locations 10, 11$ Asphalt Brick 4 1Jnkn 5 6 First Avenue Railroad Crossing 1m rovements Culvert over of Ralston C Heartland Rai Dubuque Stree Avenue F Cli orth Branch eek road Line at , First on S re 12 10, II& 1 Concrete 9 Win 12x12x85 NIA 178 958 0 100 0 FBurlington 7 Street Brid a over I wa River 10 Concrete 9 342 x 50 73,079 Desi Ont 0 8 Dubuque Street Park Road Iowa Avenue 10 45 Concreto4 4,042 9 Scott Blvd. Court Street Lower West Branch Road 10 31 1 Concrete 2$ 0-60 10 11 Dlnnuvuvn• wnn.. Dodge Street Kirkwood Circle Court neo-.., ,.... I Y II Dubuque Road irkwood Governor Street End 10 12 49 25 1 Concrete 5$ 6 Concrete 40,06 0,40 0 86P714 0 95 nY.. F Ow - COT Cour: Pmt. DMbinl PLnn., I i FORM 2200/4240 STATE TYPE OF CONSTRUCTION FUNCTIONAL 1. RIGHT OF WAY CLASSIFICATION _ 2. GRADE AND DRAIN W ARTERIAL EXTENSION O. PAVE 0 ARTERIAL CONNECTOR EXTENSION A RECONSTRUCTION N TRUNK [EXT. OF S. PAVEMENT WIDENINU 01 TRUNK I RURAL e. RESURFACING COLLECTOR SYSTEMS T. SHOULDER WIDENING 10 MUNICIPAL ARTERIAL a. SURFACE RESTORATION SYSTEMS s. BRIDGE OR CULVERT ONLY 11 MUNICIPAL COLLECTOR 10. INTERSECTION LIGHTING SYSTEMS 11. STREET 14GHTING 12 MUNICIPAL SERVICE -.. .. 12. MISCELLANEOUS SYSTEMS PROJECT STATUS REPORT STREET CONSTRUCTION PROGRAM Accomplishments July 1, 19_84 To June 30, 19 85— Pop. 1,000. 4,999 ❑ 1 year program Pop. 5,000 a over Ex5 year program R.U.T. 5 SHEET 2 OF 2 CITY Iowa City, Iowa COUNTY Johnson PROD. NO. STREET NAME PROJECT LIMITS STATE FUNC. CLASS. SURFACE CONST F PROJECT LENGTH (MILES) TOTAL COST (DOLLARS)' - % -- COMPLETED FROM TO WIDTH TYPE 12 Dubuque Road Dodge Street Oakes Drive 12 28 Asphalt 5-,6- 0.36 0 0 13 Melrose lAvenue West line of West High School Relocated 218 Impravementc 10 50 Concrete 1 2 3 0.52 0 0 14 Scott Blvd. Lower West Branch Road Rochester jAvenue 10 31 lConcrete 1 2 3 0.35 0 0 15 Street Bridge over H Lines (deck r artland pair) 10 -- Concrete 9 194 x 52 0 0 16 Rohret Road Mormon Trek Blvd. lelocated 218 _jMprMLMr= inConcrete 11 1 2 3 0.28 0 0 17 Benton Street Bridge over I wa River 10 -- Concrete 9 481 x 52 18,675 Design Only 0 18 Burlington Street Bridge over Rilston Deck Re Creek it 10 Concrete 9 59 x 60 0 0 w "" �DnPlUullon:__ VAIIe • Office of liens. Inv; YHIow • CIIY COPY; Pink. OHUIcI Plennel IOWA DEPARTMENT OF TRANSPORTATION FORM 2201 RUT -PA STREET FINANCE REPORT FROM ALL SOURCES FOR STREET PURPOSES COLUMN I COLUMN 2 COLUMN 3 COLUMN4 City TQWA City County Johnson ROAD USE GENERAL OTHER Official Census Figure .9f) TAX FUND FUND FUNDS" TOTALS City No. (ROUND FIGURES TO NEAREST DOLLAR) A. 1. Ending Bata . nce Last Street Finance Report 293,16 (43,893 11.703" 260,953 2. Adjustment (Explain on RUT -2B) — 3. Actual Book Balance, July 1, 1984 �3 8 3�. 11,703 260,953 ACTUAL RECEIPTS B., 1. Road Use Tax ........................... 1,675,447 1,675,447 2. Property Taxes ............ ; ............. 46,868 1,170,939 3. Special Assessments ..................... -Q 61 C) 4. Misc. (itemize on Next Page) ................ 1 '494 129 1 394 172 5, Proceeds From Bonds Sold ................. 7 6. Interest Earned .......................... 24,667:; PAn 24,947 C;•' Total Receipts (Lines Bi thru Bill) .............. 1.7011.114 Dl;, TOTAL FUNDS AVAILABLE 1-407.A4(; .................. (Line A3 + Line C) -1 .991-257 4r582,945 ACTUAL EXPENDITURES E. MaintemanCer 1. Roadway Maintenance .................... — 94791ili 947110 2. Snow and Ice Removal 119 MW - .................... 3. Storm Sewers. 9-67—T-19 ...................... 9157-919 �,..A. Traffic Services ................. ; ........ 9Aq A91 991 5. Street Cleaning .......................... -RPI MillA7 71-447 F. Construction or Reconstruction 1. Engineering ................. .21 64 64219 2. Right of VY, YPurchased .................. • 3 Roadway Construction ...................• 1,975,83 1,975,839 4. Storm Sewers .......................... * 5. Traffic Services ......................... B. Sidewalks G. Administration ............................ 157,389 —95.44 f H. Street Lighting ............................ 25 .830. 238.247 238,247 I. Trees ..... J, Equipment Purchased I. ...................... K. Misc. (Itemize on Next Page) ................. L. Bonds and Interest Paid 1. Paid on Bonds Retired .................... ULM 834:750 •2. Interest Paid on Bond ..................... M. Non -Street Purposes -378-snp nPA-girip ....................... N. Total Expenditures (Lines E thru M) ............ I FOR -744 • 0. BALANCE, Jun031), 1985 146-513 ....................(800,801 (9135-70 • P. TOTAL FUNDS ACCOUNTED FOR. 1-010957 1,4n7,n48 4,582,945 (Line IN + Line 0) _L1BZXL4L y. Road -Use Tax Expenditures for these six Items must be divided to extension of rural systems, municipal arterial, collector and local streets on Form RUT 2-8 (**) Debt Service, Project and Special Assessments, Utility Funds, etc. Include the balances for Funds which are used entirely for streets, Read Your New Instructions. DIST111180ION: While PIMCciry-Eftflil rg#pftq�. (owdeeih,il neseir Line K totals 01111TRIDUTION: Mill CRPY - Offi.. of T.m,maiiflon In.nWry, Yellow Copir', Cily, I'M Cow. Distill Tun.sprjall n Planmr. Goldo - n red IOWA DEPARTMENT 0XIIJISPORITAT ION FORM M(105 444 STREET FINANCE REPORT Municipality law& City CONSTRUCTION & RECONSTRUCTION EXPENDITURES FROM ROAD USE TAX ACCOUNT (USE FIGURES FROM COL. 1, RUT- 2A ONLY) City No. Ext. of Rural Systems Municipal Municipal Municipal "Arterial Collector Local Trunk Think Collector Func. Class 06 Func. Class 07 Func. Class 10 Func. Class 11 Func. Class 12' Total 1. Engineering 2. Right,of Way Purchased 3.. Roadway Construction 4. Storm Sewers 5.'Trafflc Services' 15.179idlwllkl Notal Comments: (Including Street expenditures by subdividers.) Iter nIzatlon of Miscellaneous Receipts (Line 114) (See Instructions) COLUMN 2 COLUMN 3 —Charges for Services Reimbursement of Damages 14-39V Grants - FHWA 5,065 Sa1A of Real Fstate 891-.676 29 7172 HiSCRIlAyti Wes transfers In 1,614 452,255 77-7 7=-77 Line 8-4 Totals Itemization of Miscellaneous Expenditures (Line K.) (See Instructions.) Line K totals 01111TRIDUTION: Mill CRPY - Offi.. of T.m,maiiflon In.nWry, Yellow Copir', Cily, I'M Cow. Distill Tun.sprjall n Planmr. Goldo - n red STREET FINANCE REPORT Form RUT -2C On and Off Street Rev. 02-85 Parking Statement City of inwa City City No. A. ACTUAL BALANCE July 1, 1984 . . . . . . . . . . . 1,440,285 ACTUAL RECEIPTS B. Parking and Meter Receipts 1. Street Meter Revenue . . . . . . . . . . . . . 235.795 2. Lot or Garage Meter Revenue . . . . . . . . . 1.035.259 3. Other Lot or Garage Revenue (Rentals) . . . . 11.049 4. Property Taxes . . . . . . . . . . . . . . . . -0- 5. Miscellaneous (11#Kiff6(XB0MX See ptkaphjpept. 308.608 Total (Lines B1 -B5) . . . . . . . . . . . . . 1.590.711 C. Proceeds of Parking Bonds Sold. . . . . . . . . . -0- D. Total Receipts (Lines B1 -B5 and Line C) . . . . . 1,590,711 E. TOTAL PARKING FUNDS AVAILABLE (Lines A and,D) . . 3,030.996 ACTUAL EXPENDITURES F. For On and Off Street Parking 1. Acquisition and Installation of Meters. . . . 56.270 2. Maintenance and Repair of Meters. . . . . . . 4,576 3. Acquisition and Improvement of Parking. . . . 195.458 4. Maintenance and Operation for Parking . . . . 1,087.622 S. Policing and Enforcement. . . . . . . . . . . . Total (Lines F145) . . . . . . . . . . . . . 1,343,926 G. Parking Bonds and Interest Paid I 1. Paid on Bonds Retired . . . . . . . . . . . . 120,000 i 2. Interest Paid . . . . . . . . . . . . . . . . 323,061 H. Street Work Paid from Parking . . . . . . . . . . -0- (Amount claimed under miscellaneous receipts on Form RUT -2B) I. Total Expenditures (Lines F1 -F5, G1 -G2 6 Line H). 1,786,987 J. ACTUAL BALANCE June 30, 1985. . . . . . . . . . . 1,244,009 K. TOTAL PARKING FUNDS ACCOUNTED FOR (Lines I 6 J) . 3,030,996 i p 1. i` i i i I I: 7 i i llaneous: Interest on Investments ................ 160,257 Reimbursement of Damages ............... 65 Reimbursement of Expenses .............. 52 Miscellaneous Sales .................... 36 Rental of Equipment .................... 23 Parking Fines .......................... 147,799 Telephone Commissions .................. 376 Total .................................. 308,608 i` i I: 7 i i i, : I I I � I i O f f � O LL Z LU i. W 0 IL LU 7 Ir y:W V Z Z Q' � f Z jLL> i �..ZOLM ty'Wj v t WrA 0 W 0 CC U. F wl LL�f O 2 2 W r N H� cc W a 0 ! 0 W 2 z ccN 0 0w OZO > 0 < N ° cc o¢W Q �Nm Q. r M 6 N 0 OF Q' W r i' 0 0 W U 2520 <Q Z< J �p WUm N W W2 1 267 O OWE 2 G O r FN wOW 0 m Ul Oin r W O W Q O mzcc m C4 0 1+! 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TYPEOF CONSTRUCTION -,—FUNCTIONAL—"'— ------ �+i:..a `r , STREET CONSTpUCTION PROGRAM- ------' i.RIGNTOFWAY-' CLASSIFICATION - - - 2.GRADEANDORAIN iPAVE b ARTERIAL EXTENSION Accomplishments July 1, 19ILTO June 36, 1985 .A.flECONSTRUCTION OS ARTERIAL CONNECTOR EXTENSION OS TRUNK(EXL ' ` S. PAVEMENT WIDENINU - OF 07 TRUNK (RURAL TYPE _< S. RESURFACING - COLLECTOR SYSTEMS POP, 1,000 4,999 i. SHOULDER WIDENING SURFACE RESTORATION 10 MUNICIPAL ARTERIALS. ❑ 1 year Pf00 9.BRIDGE Oq CULVERT ONLY- -10. 11 MUNICIPAL COLLECTOR POy:S�099aover - INTERSECTION LIGHTING 113TRMLIGHTING SYSTEMS 12 MUNICIPAL SERVICE ii5 Year Program',. 'ZNUSGELLANEOUS ': SYSTFus : COUNTY Johnson T.>•' {'PROD•; STREET - PROJECT LIMITS STATE FUNC.TYPE '- SURFACE' PROJECT -TOTAL COST__ ' NAME - CLASS. OF CONST., CONST.. LENGTH. (MILES) (DOLLARS) ^ -..�i ^/,,. COMPLETED FROM TO WIDTH TYPE t Clinton Washington Iowa 1 Street Street Avenue 11 64 Concrete 4 0.08 6 000 2 Iowa A (Bridge aver owa River) 10 -- Concrete 9 315 x 70 1,074,632 ..75.:. Asphalt 10, 6 6 3 Resurface 11$ scellaneo locatioTLs 12 Varies It 12 4.21 Street $ 10• Asphalt a,4,. .. Curb it 'scellan locations 11$ 11 Brick 4 unknown 2SO 000 H 5 First Culvert over orth Branch AvenueWin Railroad of Ralston eek 12 - Concrete 9 12x12x8S 178 9S8 X100 Heartland Rai road Line at 10, 6 Crossing Dubuque Stree , First 11$ vements Avenue Clin Stree 2 -0NIA Burlingtonr --0 7... Street Brid a over I wa River 1073,079 Concrete 9 342 x SO Desi only, 1 0 Dubuque : Park Iowa x ,•8 - Street Road - - Avenue 10 45 Concrete 4 0 68 4,042 Ik i Scott Court Lower West l� 9 Blvd. Street Branch Road 10 31 Concrete 2E Dodge Dubuque Governor 1, 10 Street Road Street 10 49 Concrete S$ 6 0.40 0 . Kirkwood rkwood 0, 11 Circle' Court End 12 25 Concrete 4 0.06 86,734 95 ,PROJ STREET �a LIMITS - STATE SURFACE - - " PROJECT TOTAL COST.l' NO r : NAME FDNC. CLASS. ' I FORM 22001/080'' .. •. 1Y'/).. PROJECT STATUS REPORT RUTS s. FROM STATE TYPE'OF CONSTRUCTION" -FUNCTIONAL------•---"-- { '-STREET CONSTRUCTION PROGRAM''-"'^. 1, Ricer OFWAY CLASSIFICATION --— 'SHEET' '� 2-- OF'� C'd'r' '3.PA AND DRAIN, 1]. PAVE" W ARTERIAL EXTENSION. AOCORIPII6hments July 11SA�TGJune3D,1SB5_ - V. RECONSTRUCTION &PAVEMENTWIOENI. 05 ARTERIAL CONNECTOR EXTENSION' OS TRUNK EXT. OF Dodge Oakes S.URFACINN' 01 TRUNK }RURAL COLLECTOR POP. 4.000 DS AS CITY:_ Iowa' City IOWA - 1; 1;SNOHOULDER WIDDENING SYSTEMS 10 MUNI CIPALARTEMAL - ,''' ❑ 1 year moque f &SURFACE RESTORATION -SYSTEMS prograt11. halt 5 6 !2. BRIDGE OR CULVERT ONLY �If INTERSECTION LIGHTING - 11 MUNICIPAL COLLECTOR - POP: 6.000 a Over " ) ;pt . STREET LIGHTING : SYSTEMS 12 MUNICIPAL tyv�.�� - AAS year JOhns- wr 'COUNTY On . I2YIYcn.ucmrc' SERVICE Program .� - ,PROJ STREET PROJECT LIMITS - STATE SURFACE - - " PROJECT TOTAL COST.l' NO r : NAME FDNC. CLASS. TYPE OF CONST. LENGTH - (DOLLARS) ;.. s. FROM TO '' WIDTH' TYPE . (MILES) COMPLETEDDubru Dodge Oakes r. 12 moque Street' - -• Drive: 12 28 .: halt 5 6 0.36 0', Melrose ]Vest line of West High..: Relocated 13 Avenue - 218 50 Concrete 1 2 3 0 52 0 Scott Lower West Rochester 14Blvd. Branch Road Avenue 10 31 ." Concrete 1 2 3 0.35 Bridge over H artland 0r 0 X15 Street Liode nes (deck r ir) 10 - Concrete 9 , 194.x 52 0 Rohzet Mormon Trek located 0 i 1.16 ' Road Blvd. 218 % �OJ Concrete 1 2 3 0.28 0 I Benton 17Street Brid a over I River 10 -- Concrete 9 "'481 x 52 si]67 .- 0 Burlington':, Bridge 18 Street over k R Ston Creek it 10' { - Concrete 9 S9 x 60 0 b y.y RESOLUTION NO. 85-267 RESOLUTION CERTIFYING UNPAID REFUSE CHARGES TO COUNTY AUDITOR FOR COLLECTION IN THE SAME MANNER AS A PROPERTY TAX. WHEREAS, Sections 15-6, Code of Ordinances of the City of Iowa City, Iowa, provided that the City Council may certify unpaid refuse charges to the county auditor for collection in the same manner as a property tax; and WHEREAS, there exists unpaid refuse charges for the owners and properties, and in the amounts, specified in Exhibit A, attached to this resolution and by this reference made a part hereof; and WHEREAS, the Council finds that each property owner has received a written notice by certified mail, return receipt requested, of the date and time for the City Council's consideration of this resolution at which time the property owner could appear before the Council during the discussion period for this resolution and be heard concerning the unpaid charges. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF IOWA CITY, IOWA, that the City Clerk is hereby authorized to certify the unpaid refuse charges as stated in Exhibit A attached, to the auditor of Johnson County, Iowa, for collection in the same manner as a property tax. It was moved by Strait and seconded by Erdahl the Resolution be adopted, and upon ro call there were: AYES: NAYS: ABSENT: X AMBRISCO X BAKER X DICKSON X EROAHL X MCDONALD X STRAIT X ZUBER Passed and approved this 27th day of Aqgust 1985. ;a ATTEST:A�/ C CLERK Rocelved & Appmved py Tlio Legal DepartmeN 1618 1 ( i I y.y RESOLUTION NO. 85-267 RESOLUTION CERTIFYING UNPAID REFUSE CHARGES TO COUNTY AUDITOR FOR COLLECTION IN THE SAME MANNER AS A PROPERTY TAX. WHEREAS, Sections 15-6, Code of Ordinances of the City of Iowa City, Iowa, provided that the City Council may certify unpaid refuse charges to the county auditor for collection in the same manner as a property tax; and WHEREAS, there exists unpaid refuse charges for the owners and properties, and in the amounts, specified in Exhibit A, attached to this resolution and by this reference made a part hereof; and WHEREAS, the Council finds that each property owner has received a written notice by certified mail, return receipt requested, of the date and time for the City Council's consideration of this resolution at which time the property owner could appear before the Council during the discussion period for this resolution and be heard concerning the unpaid charges. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF IOWA CITY, IOWA, that the City Clerk is hereby authorized to certify the unpaid refuse charges as stated in Exhibit A attached, to the auditor of Johnson County, Iowa, for collection in the same manner as a property tax. It was moved by Strait and seconded by Erdahl the Resolution be adopted, and upon ro call there were: AYES: NAYS: ABSENT: X AMBRISCO X BAKER X DICKSON X EROAHL X MCDONALD X STRAIT X ZUBER Passed and approved this 27th day of Aqgust 1985. ;a ATTEST:A�/ C CLERK Rocelved & Appmved py Tlio Legal DepartmeN 1618 1 ( i I 001-916-00 Address: R.R. 6, Box 37 Sand Road Owner: Lillian & Margaret Kuenster Legal Descrip.: Gov. Lot 4 Sec. 22-79-6 Bldg. on leased ground; land owned by Charlie Showers Parcel !60323 001-922-00 I I 001-937-00 001-960-00 001-981-00 001-996-00 �k lig p.i {l Address: 1610 Waterfront Drive Owner: Duane W. & Louise D. Lewis Legal Descrip.: Beg. 137.4' E & 112' N of SW Cor. SE 1/4 Sec. 15-79-6 on East Side Rd. E 90' N 60' S 60' to Beg. Parcel 158583 Address: 600 Taft Speedway Owner: Jack I. Young Legal Descrip.: 1 5A per Survey Book 6, Gov. Lot 6, 14-79-6 Parcel/63627000 Address: R.R. M6, Box 582 Owner: Bruce Glasgow, John R. and Boyd Rumnelhart Legal Descrip.: S 223' W 110' E 143' W 10.73 Chains SW 1/4 NE 1/4 Sec. 4-79-6 N of Hwy. 563 AC M/L Parcel /56390 Address: R.R. i6 Owner: Cliff Hestness Legal Descrip.: Gov. Lot 4 Sec. 22-79-6, Bldg. on leased ground; land owned by Charlie Showers Parcel /57101 Address: R.R. 4, Box 49 Owner: Max Yocum Legal Descrip.: Bldg. on leased ground located on Showers property Parcel 159502 Refuse: 35.00 Refuse: 35.00 Refuse: I. 35.00 i. -I Refuse: 35.00 i ,.• Refuse: 113.00 I, Refuse: 35.00 j Illi .. i Exhibit A 001-904-00 Address: 1030 Mormon Trek Blvd. efuse: 56.00 Owner: Elizabeth Garnet Barber Legal Oescrip.: I7 T 79N-R6W 6-31 AC M/L Parcel # 53430 i j_ 001 -916 -DO ddress: R. R. 6, Box 37 Sand Road Refuse: 35.00 i ner: Lillian & Margaret Kuenster I Le 1 Descrip.: Gov. Lot 4 Sec. 22-79-6 Bldg. on 1 ased --• g und; land owned by Charlie Showers Parce 160323 001-922-00 Address: 1610 Waterfront Drive Refuse: 35.00 Owner: D ne W. & Louise D. Lewis Legal Descr .: Beg. 137.4' E & 112' N of Cor. SE 1/4 Sec. 15-79 on East Side Rd. E 90' N 60' S 60' to Beg. Parcel #58583 001-937-00 Address: 600 Ta Speedway Refuse: 35.00 Owner: Jack I. Yo n Legal Descrip.: i per Survey Boo 6, Gov. Lot 6, 14-79-6 Parcel #63627000 001-958-00 Address: R.R. #1, Box Camp rdinal Road Refuse: 42.00 Owner: Wilfreda Heiron s Legal Descrip.: NW 1/4 N / Sec. 7-79-6 45.47 AC M/L Parcel #63822 001-960-00 Address: R.R. #6, Boz 56 Refuse: 35.00 �! Owner: BruceGlasgow, J n R. a d Boyd Rummelhart Legal Descrip.: S 223' 110' E 43' W 10.73 Chains SW 1/4 I, NE 1/4 Sec. 4-79-6 f of Hwy. 563 C M/L Parcel #56390 001-981-00 Address: R.R. #6 Refuse: 113.00 1 ; Owner: Cliff He ness i Legal Descrip.: Gov. Lot 4 Sec. 22-79-6, Bldg. on leased ground; Ian owned by Charlie Showers Parcel 05710 001-996-00 Address: R. 4, Box 49 Refuse: 35.00 Owner: x Yocum Legal D crip.: Bldg. on leased ground located Showers prop rty i Parc #59502 1 ± 1� - 0 City of Iowa City MEMORANDUM DATE: August 19, 1985 TO: City Council FROM: Nancy Heaton, City Treasurer, and Rosemary Vitosh, Finance Director RE: Request for Liens on Delinquent Refuse Accounts Approximately 95 properties within the city limits, which have private water and sewer systems receive utility bills for refuse service only. Eleven of these accounts have had outstanding delinquent balances for a period of six or more months. We are requesting that the City Council consider the resolution approving collection of these accounts by the lien procedure. The County Auditor would then certify the delinquent amounts to be collected with property taxes to the County Treasurer's office. The City's administrative procedure has been followed for collection of these amounts. These steps were: 1: Utility billing with delinquency date printed on the billing. 2. A collection letter was mailed 30 days after the delinquency date stating that payment was overdue. 3. A second letter was mailed 30 days from the date of the collection letter stating that outstanding amounts could be filed as a lien against the property. 4. A certified letter was mailed to the owners of the properties on August 9, 1985, stating that on August 27, 1985, the Council would consider the resolution to file liens on the properties. August 27, 1985 IOWA CITY CITY COUNCIL F' D OIVIC CENTER AUG 27 19&5 IC;JA CITY IOIJA MARIAN K. KARR Members of the City Council: CITI Cl_RI� (J) Ret Resolution concerning unpaid refuse charges This letter is to protest the refuse charges as itemized in the attached billing letter. We own a 75 acre farm on Foster Road. We do not have sewers we do not have city water --..but the city claims that we do have refuse collection. Since we have always had our own dumpster, we do not take advantage of the city service. I have met with every one in the city who has something to say about the refuse situation including city treasurer Heaton and city manager Helling. They all agree that the ordinance is written so that every piece of property in Iowa City will be serviced and that there will be no exceptions. I find the ordinance to be discriminatory in that all properties in Iowa Ci are not serviced or billed. The service on refuse is mandatory by city ordity nance S and this is a monopoly and a restraint of trade. The worst part of this billing is that the city runs a truck with two to three men up a gravel road and must make a difficult turn around in order to pick up the trash from two houses —one of which does not put out any trash. The city makes this trip eight times in order to earn $14.00. This is not cost effective. I would recommend that the city give one of their staff the right to exempt certain properties from trash collection. i I I Enolosuret Aug 9th latter from Nancy Heaton Sine /%�% Bruce R� 07asgow 834 No. Johnson Iowa City, Iowa i is i y f i _ CITY OF IOWA CITY CMC CENTER 410 E. WASITYNGTON ST. IOWA CITY, IOWA 52240 (319) 356-5000 j i i 1 I' August 9, 1985 Bruce Glasgow John R. & Boyd Rummelhart 834 N. Johnson ; is Iowa City, Iowa 52240 5 Dear Customer: You are hereby notified that a resolution concerning unpaid refuse charges for services furnished to your property will be considered by the City Council of Iowa City, Iowa, on the 27th day of August at 7:30 3 p.m. in the Council Chambers, Civic Center, 410 E. Washington Street, a Iowa City, Johnson County, Iowa. The question before the City Council will be whether the delinquent amount stated above shall be assessed } against your property and certified to the Auditor of Johnson County, I Iowa, for collection in the same manner as a property tax pursuant to f " Section 15-6 of the City Code. According to City records, services as shown on the attached sheet were f' I, available to this service address. Payment has not been received to ! - date. If payment is received prior to the date of the Council hearing, the account will be removed from the Council listings. Persons desiring to be heard on this matter should appear before the '1 Council at the time stated above. If you have any questions, please call 356-5065. + Sincerely yours, ; Nancy Heaton City Treasurer I Enc. bj4/2 i" i i { I j' i I CITY OF IOWA CITY CMC CENTER 410 E. WASITYNGTON ST. IOWA CITY, IOWA 52240 (319) 356-5000 j i i 1 I' August 9, 1985 Bruce Glasgow John R. & Boyd Rummelhart 834 N. Johnson ; is Iowa City, Iowa 52240 5 Dear Customer: You are hereby notified that a resolution concerning unpaid refuse charges for services furnished to your property will be considered by the City Council of Iowa City, Iowa, on the 27th day of August at 7:30 3 p.m. in the Council Chambers, Civic Center, 410 E. Washington Street, a Iowa City, Johnson County, Iowa. The question before the City Council will be whether the delinquent amount stated above shall be assessed } against your property and certified to the Auditor of Johnson County, I Iowa, for collection in the same manner as a property tax pursuant to f " Section 15-6 of the City Code. According to City records, services as shown on the attached sheet were f' I, available to this service address. Payment has not been received to ! - date. If payment is received prior to the date of the Council hearing, the account will be removed from the Council listings. Persons desiring to be heard on this matter should appear before the '1 Council at the time stated above. If you have any questions, please call 356-5065. + Sincerely yours, ; Nancy Heaton City Treasurer I Enc. bj4/2 i" i i I j' i I , f I_ , I } CITY OF IOWA CITY CMC CENTER 410 E. WASITYNGTON ST. IOWA CITY, IOWA 52240 (319) 356-5000 j i i 1 I' August 9, 1985 Bruce Glasgow John R. & Boyd Rummelhart 834 N. Johnson ; is Iowa City, Iowa 52240 5 Dear Customer: You are hereby notified that a resolution concerning unpaid refuse charges for services furnished to your property will be considered by the City Council of Iowa City, Iowa, on the 27th day of August at 7:30 3 p.m. in the Council Chambers, Civic Center, 410 E. Washington Street, a Iowa City, Johnson County, Iowa. The question before the City Council will be whether the delinquent amount stated above shall be assessed } against your property and certified to the Auditor of Johnson County, I Iowa, for collection in the same manner as a property tax pursuant to f " Section 15-6 of the City Code. According to City records, services as shown on the attached sheet were f' I, available to this service address. Payment has not been received to ! - date. If payment is received prior to the date of the Council hearing, the account will be removed from the Council listings. Persons desiring to be heard on this matter should appear before the '1 Council at the time stated above. If you have any questions, please call 356-5065. + Sincerely yours, ; Nancy Heaton City Treasurer I Enc. bj4/2 i" i i RESOLUTION NAMING DEPOSITORIES 85-268 Iowa Official Form No. 697 Section 453.2 of the Code BE IT RESOLVED by the City Council of (insert here board of supervisors, township trustees, board of school directors, city council, or other governlnq body) City of Iowa City,in Johnson County, Iowa: That we do hereby designate (Insert here county, township, school district, city. or oher political subdivision) the following named banks to be depositories of the City of Iowa City (Insert here county, township, school district, city, or other political subdivision) funds in amounts not to exceed the amount named opposite each of said designated depositories and the City Treasurer is herebyy authorized to deposit (Insert nere county treasurer, township c1eril, school district treasurer, city treasurer, or other lege) cdstodlan) the - City of Iowa City funds in amounts not to exceed in the aggregate the (Insert here county, township, school district. city, or other political subdivision) amounts named for said banks as follows, to -wit: (s I (s > s (s ) s (s ) s (s ) s The vote on the resolution is as follows: AYES: NAYS: Strait McDonald None Ambrisco Dickson Maximum Deposit Maximum Deposit NAME OF DEPOSITORY LOCATION in effect under prior a, this 27th day ofAugust 19 85 under this GfiCL ---le le& rl NOTE[ Th bragging rnolutlon should be certified in duplicate to the Treasurer of Sure, after approved by him, his findings will be endorsed on one copy, wld will be returned to the proper officer for Ills Bet. resolution pital commission; for a school corporation, by the board of school directors; provided, how. ever, that the treasurer of state and the free. rarer of each political subdivision [hall Invert all funds not needed for current operating ex• penes In time certificates of deposit In banks Tined as ap roved depositories pursuant to this chapter or Pn investments permitted by section 452.10. The list of public depositories and the amounts severagy deposited therein hall be a matter of public record. The tern "bank" means a bank or a private bank, as donned In resolution First National Bank 204 E Washington (g 8,000,000 ) g 8,000,000 Hawkeve State Bank 229 S Dubuoue (g 8,000,000 ) g 1,250,000 Iowa State Bank & Trust 102 S Clinton IS 8,000,000 ) g 8,000,000 Hills Bank Highway 6 (s 8,000,000 ) g 8,000,000 Amprical Federal Savings 1930 Lower Muscatirf ) g 8,000,000 Road (s ) s (s I (s > s (s ) s (s ) s (s ) s The vote on the resolution is as follows: AYES: NAYS: Strait McDonald None Ambrisco Dickson Erdahl Dated at Iowa 13ty a, this 27th day ofAugust 19 85 SEAL GfiCL ---le le& rl NOTE[ Th bragging rnolutlon should be certified in duplicate to the Treasurer of Sure, after approved by him, his findings will be endorsed on one copy, wld will be returned to the proper officer for Ills Bet. Section 453.1Depbills /np enerel, All funds held In the hands of the fibiCing officers or Institutions shag be deposited in banks as are first approved by the appropriate governing body at indicated: For the treasurer of State, by the executive council; for the county test. Surer, recorder, auditor, sheriff, township clerk, clerk of the district court, and Judicial magi« crate, by the board of supervisors; for tla city treasurer, by the city council; for the county public hospital or merged area hospital, by the board of hospital trustees; for a memorial hos• pital commission; for a school corporation, by the board of school directors; provided, how. ever, that the treasurer of state and the free. rarer of each political subdivision [hall Invert all funds not needed for current operating ex• penes In time certificates of deposit In banks Tined as ap roved depositories pursuant to this chapter or Pn investments permitted by section 452.10. The list of public depositories and the amounts severagy deposited therein hall be a matter of public record. The tern "bank" means a bank or a private bank, as donned In section 524,103. Section 453.3 lucreme conditionally pro. hiblred. The maximum amount so permitted to be deposited in a named bank droll not be In. creased except will, the approval of the fres• surer of state. Section 454.6 Duty of treasurers. It Shell be d c duty of all school treasurers, city tree - man, or other financial officers dellggnoted by dm city council, and township elerka of the county to keep on file with the county tees• surer a lin of such depositories. Ch -C456,17 V76 Received 8 Approved By The legal Dei�ss Htstenl Ibt I m STATE BANK TELEPHONE 319/351.4141 1 Enclosed is a copy of the letter from the Treasurer of State of Iowa notifying Hawkeye State Bank, Iowa City, Iowa as an "Approved Depository" by authority of Chapter 453, Code of Iowa, as amended by SF296. I have signed the Deposit Agreement on behalf of the bank. Please complete and return the pink and yellow copies to me. I have also signed the Depository Fees Agreement. I do not have any fee schedule available at this time, but will notify you as soon as possible. We would like to designate a maximum of $1,250,000 for deposits and investments at Hawkeye State Bank for the City of Iowa City. Tim Raymer, our Investor Center Repre- sentative, is available to purchase bond investments for the City. j Sincere I Barbara McNeil Cashier r'. 0 I . i f r: e :. t ;'I i �s i i In IOWA STATE BANK & TRUST COMPANY 102 S. CLINTON STRUT P.O. Box 1700 Iowa CITY, IOWA 52244 (319) 356-5800 August 14, 1985 To The Honorable Mayor and City Council of Iowa City, Iowa: In accordance with instructions from Nancy Heaton, City Treasurer, we enclose copy of the letter dated June 27 from Michael L. Tramontina, Deputy Treasurer, State of Iowa, designating Iowa State Bank $ Trust Company "as an 'Approved Depository' by the Treasurer of State under the authority of Chapter 453, Code of Iowa, as amended by SF 296, enacted by the 1985 General Assembly." We nowtherefore respectfully request that the City Council of Iowa City, Iowa, designate Iowa State Bank $ Trust Company as a depository to receive deposits from the City of Iowa City in excess of the maximum amount covered by federal insurance. Your favorable consideration will be appreciated, LJF Encl. Sincerely, Luella J. Feldman Vice President f r: t ;'I i i i i i a EXIS Bank and Trust Company August 14, 1985 City Council City of Iowa City 410 East Washington St. Iowa City, Iowa 52240 Mein Bank, Hills, Iowa • 310.670.2281 Dear Council Members: Hills Bank and Trust Company requests to be designated as a depository of City of Iowa City funds which exceed the $100,000 federally insured amount. A copy of the letter from the State Treasurer approving Hills Bank as a depository of public funds is enclosed. We look forward to serving the City of Iowa City in the future. Sincerely, / Marty J. lvlaiers Assistant Vice President MJM:ps Enclosure • 131 Mein Street, Hills, Iowa 62235,319-670-2291 • 1401 South Gilbert Street, Iowa City, low& 52240,319-338-1277 • 1009 2nd Street, Coralvllle, Iowa 52241,319-351-8000 • 15 East Cherry Street, North Liberty, Iowa 52317, 319826-2381 RESOLUTION NO. 85-269 RESOLUTION AUTHORIZING THE FINANCE DIRECTOR TO EXECUTE THE DEPOSIT AGREEMENT AND THE DEPOSITORY FEES AGREEMENT WITH THE DEPOSITORIES AUTHORIZED BY THE CITY COUNCIL. WHEREAS, the City Council"authorizes, by resolution, the designation of depositories and the amount of deposits allowed to be placed at each institution; and WHEREAS, the City is required by the State of Iowa to enter into a Deposit agreement with each institution receiving City monies above the federally insured amount of $100,000..00; and WHEREAS, the City additionally requires that each approved depository enter into a Depository Fees Agreement with the City of Iowa City which requires that any and all fees and revisions thereto to be charged are identified and given to the City in writing thirty days prior to the implementation of such fees. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF IOWA CITY, that the Director of Finance is the public officer hereby authorized to execute the Deposit Agreement and the Depository Fees Agreement, respective copies of which are attached hereto, and are incorporated herein by reference. It was moved by Er6M and seconded by Strait that the Resolution be adopted, and upon roll call there were: AYES: NAYS:, ABSENT: X AMBRISCO �— BAKER X DICKSON X ERDAHL X MCDONALD X STRAIT X ZUBER Passed and approved this 27th day August ,(1985 Y YO ATTEST: CITY CLERK Recelved & Approved By The kesal Dep rtment 8 /9 fr l6ao i I, . DEPOW AGREEMENT THIS DEPOSIT AGREEMENT is made this day of 19 by and between of— Iowa (Depositor), and , a (Depository). of Iowa 1. In consideration of the mural promises convened herein and other good and valuable consideration, the parties herero agree as fadows: 2. Depository shat receive mid safely, keep all public funds of Depositor that may be deposited by Deposita a its duty authorized officer. and shall munbwse and pay the funds to Deposita or its duly authorized officer. or any person lawfully enacted to race ve the pubk funds. whenever naueaed or upon matusiy. as the case may be. 3. Depository shall pay interest on the pubk funds which are placed in time a savings deposits at rates equal to or greater than those set by the kswa rate seting guideares relented to in Chapter 453 of the Iowa Code. Depository may assess a service charge with respect to the handling of deposits of pubk fiords placed by Depositor. provided such charges shat not be greater than charges the Depository customarily, requires from other Depodsus da shinier sff*AL AI such lees, d any. sv0 be noted amardtgly on the morhtsly statement provided to Depositor and shall be due and ped" upon recdpt Mead. 4.. Depoitory, shall Y al tines maintain a hue and complee account of all pubic funds deposited by Depositor and render to Deposita mordW statenhvts thereol. Deposaayshal at al slmi s bona and My ao popes chedo. warrants, order, a drafts of Deposita up b the amount d pubk funds deposited in Depository provided all dheda, warrants, orders, a drafts are properly exenited accadmg so this Deposit Agreement and complywith the terms dthemspeashc amount agreements between Depository and Depator. 5. Depositary shat honor and pay all dmdu• wRnana• orders• or drafts issued by Deposita when the decks warrants, ordin or drafts contain the signature of an officer designated by the governing body and appearing on the sigaturre card on file at the Depository. Depository shall be seyan ... far aeniotan dw the sig nattum appearing on the checks. wam ants, orders, or drafts is an authentic sgnatue and Depository shad be cable fa any kiss of pubic hurls released con its request and supported by an unauthorised signature. Deposita shall be responsible to tram that the "Utune authalmton card on Me wth Depository contafrncurrent and acnumte Information. 6. Depository shag in the event the amount of pubk funds deposited by Deposita. including accured interest dierm exceed the amount covered by federal deposit insurance. immediately Wtlate procedures required under Chapter 453 of the Iowa Code to secure such funds or remit Rids esrms funds to Domtor. 7. chis Deposit Agreement my be terminated by either party only upon 60 days wrinen notice to the other. provided all pubk funds deposited uttn Depository, plus Interest, t any, shag be remitted to Deposita, and all service charges owing by Depositor, if any, shag be paid in fug pda to terndradort In the event of tennination by the Depository when hinds are held by the Depository in time deposits a other accounts providing pe taftles for early withdrawal. Depository shall maintain and continue such accounts, including the colateral for such accounts. if any, until maiwaty of Lose aaounts. Dated as of the day and year ism above written. Dated as of the day and year first above written. DEPOSITOR: BY: , its DEPOSITORY: LIB its Recr,•Ived 8 ApFroved BY The legal Dopa rtsonf Am �r Aao i ' I l I I . hl _ I I, . DEPOW AGREEMENT THIS DEPOSIT AGREEMENT is made this day of 19 by and between of— Iowa (Depositor), and , a (Depository). of Iowa 1. In consideration of the mural promises convened herein and other good and valuable consideration, the parties herero agree as fadows: 2. Depository shat receive mid safely, keep all public funds of Depositor that may be deposited by Deposita a its duty authorized officer. and shall munbwse and pay the funds to Deposita or its duly authorized officer. or any person lawfully enacted to race ve the pubk funds. whenever naueaed or upon matusiy. as the case may be. 3. Depository shall pay interest on the pubk funds which are placed in time a savings deposits at rates equal to or greater than those set by the kswa rate seting guideares relented to in Chapter 453 of the Iowa Code. Depository may assess a service charge with respect to the handling of deposits of pubk fiords placed by Depositor. provided such charges shat not be greater than charges the Depository customarily, requires from other Depodsus da shinier sff*AL AI such lees, d any. sv0 be noted amardtgly on the morhtsly statement provided to Depositor and shall be due and ped" upon recdpt Mead. 4.. Depoitory, shall Y al tines maintain a hue and complee account of all pubic funds deposited by Depositor and render to Deposita mordW statenhvts thereol. Deposaayshal at al slmi s bona and My ao popes chedo. warrants, order, a drafts of Deposita up b the amount d pubk funds deposited in Depository provided all dheda, warrants, orders, a drafts are properly exenited accadmg so this Deposit Agreement and complywith the terms dthemspeashc amount agreements between Depository and Depator. 5. Depositary shat honor and pay all dmdu• wRnana• orders• or drafts issued by Deposita when the decks warrants, ordin or drafts contain the signature of an officer designated by the governing body and appearing on the sigaturre card on file at the Depository. Depository shall be seyan ... far aeniotan dw the sig nattum appearing on the checks. wam ants, orders, or drafts is an authentic sgnatue and Depository shad be cable fa any kiss of pubic hurls released con its request and supported by an unauthorised signature. Deposita shall be responsible to tram that the "Utune authalmton card on Me wth Depository contafrncurrent and acnumte Information. 6. Depository shag in the event the amount of pubk funds deposited by Deposita. including accured interest dierm exceed the amount covered by federal deposit insurance. immediately Wtlate procedures required under Chapter 453 of the Iowa Code to secure such funds or remit Rids esrms funds to Domtor. 7. chis Deposit Agreement my be terminated by either party only upon 60 days wrinen notice to the other. provided all pubk funds deposited uttn Depository, plus Interest, t any, shag be remitted to Deposita, and all service charges owing by Depositor, if any, shag be paid in fug pda to terndradort In the event of tennination by the Depository when hinds are held by the Depository in time deposits a other accounts providing pe taftles for early withdrawal. Depository shall maintain and continue such accounts, including the colateral for such accounts. if any, until maiwaty of Lose aaounts. Dated as of the day and year ism above written. Dated as of the day and year first above written. DEPOSITOR: BY: , its DEPOSITORY: LIB its Recr,•Ived 8 ApFroved BY The legal Dopa rtsonf Am �r Aao i ' I i i —i i.• I i i. i i Depository Fees Agreement This fees agreement is made this day of 19, _, between and Thereinafter referred to as Depositor to define the terms of any fees that may be charged for the handling or investing and pledging of public body funds. 1. Depository may set reasonable fees based on the costs involved in handling public funds deposits and investments including the pledging of securities as collateral for these funds. 2. If a depository decides to charge such fees, the fee shall be identified as to the services provided and the charge, and notification of such fee shall be given to the Depositor in writing addressed to the Director of Finance, City of Iowa City, at least 30 days prior to the implemt,itation of such fees. 3. If the Depository decides to change a fee, at least 30 days notice shall be given to the Depositor in the same manner as outlined in paragraph 2 of this agreement. 4. This depository agreement may be terminated by either party herein upon 60 days written notice to the other. All public funds deposited with Depository, plus interest, if any, shall be remitted to Depositor, and all service charges owing by Depositor, shall be paid in full prior to termination. In the event of termination when funds are held by the Depository in time deposits or accounts providing penalties for early withdrawal, Depository shall maintain and continue such account, including the collateral for such accounts, if any, until maturity of those accounts. Dated as of the day and year first above written. DEPOSITORY: DEPOSITOR: By: By: its , its Received & Approved BY ihv latlFl 6014 00 A{ 16ao ' i I City of Iowa City MEMORANDUM Date: August 22, 1985 To: City Council From: Rosemary Vitosh, Director of Finance Re: Public Funds Pledging A new public funds law was passed by the 1984 Legislature which deait with the deposit and investment of public funds. It also replaced the State sinking fund with a pledging of assets as collateral by the financial .institutions accepting public deposits. That legislation created many problems for cities and the 1985 Legislature passed SF296 which clarified, corrected and amended the 1984 legislation. Under SF296, the City's respon- sibilities in the process are to approve depository banks (by Council resolution) and to execute a deposit agreement with each depository bank. The legislation provides that the deposit agreement is entered into with the authorized public officer of the City. The resolution authorizes the Finance Director as the designated public. officer to sign both the Deposit Agreement and the Depository Fees Agreement. The Depository Fees Agreement is not required by state law. However, since it does permit depositories to charge fees for the securing of public funds, staff felt that it was appropriate for the City to enter into an agreement which provides for a notification process of any new fees or changes to fees. It also contains a termination clause which could go into effect if the fee structure was not acceptable to the City. None of the depositories listed on the resolution have established fees but several have indicated that once they can evaluate the costs of providing this new service, that they may consider charging fees. In the future, the Council will be asked to authorize depositories on an annual basis. bj4/12 1. it I L i' i i � i RESOLUTION NO. 85-270 RESOLUTION AUTHORIZING EXECUTION OF REVISED ANNUAL CONTRIBUTIONS CONTRACT WITH THE DEPARTMENT OF HOUSING d URBAN DEVELOPMENT PROJECT IIA05-V022-001 WHEREAS, the City of Iowa City (herein called the "Local Authority') proposes to enter into a contract (herein called the "Annual Contributions Contract") with the United States of America (herein called the "Government") with respect to any "Project" as defined in the revised Annual Contributions Contract and which at any time now or hereafter is incorporated under the terms of such Contract. BE IT RESOLVED BY THE LOCAL AUTHORITY, as follows: Section 1. The revised Annual Contributions Contract in substantially the orfi m of contract hereto attached and marked 'Exhibit A" is hereby approved and accepted both as to farm and substance and the Mayor or Mayor Pro tem is hereby authorized and directed to execute said Contract in two copies on behalf of the Local Authority, and the City Clerk is hereby authorized and directed to impress and attest the official seal of the Local Authority on each such counterpart and to forward said executed counterparts, or any of them, to the Government together with such other documents evidencing the approval and authorizing the execution thereof as may be required by the Government. Section 2. Whenever the following terms, or any of them, are used in this R—es-MTTR, the same, unless the context shall indicate another or different meaning or intent, shall be construed, and are intended to have meanings as follows: (1) The term "Resolution" shall mean this Resolution. (2) All other terms used in this Resolution and which are defined in the revised Annual Contributions Contract shall have the respective meanings ascribed thereto in the revised Annual Contributions Contract. Section 3. All resolutions or parts of resolutions heretofore adopted by the Local Authority which authorize the issuance and/or delivery of Advance Notes (sometimes called "Advance Loan Notes') pursuant to the revised Annual Contributions Contract remain in full force and effect. Section 4. This Resolution shall take effect immediately. Resolution No. 85-270 Page 2 It was moved by Erdahl and seconded by Ambrisco the Resolution be adopted, and upon ro 1 call there were: AYES: NAYS: ABSENT: X Ambrisco Y Baker —IL Dickson _x _ Erdahl _x McDonald X Strait _x Zuber Passed and approved this 27th day,of Aueust , 1985. ATTEST: Received i Approved IA05-V022-001 ACC Parti Number. KC -9033V V U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT SECTION 8 EXISTING ANNUAL CONTRIBUTIONS CONTRACT—PARTI for HOUSING VOUCHER PROGRAM LL DEFINITIONS. A. ACC. Annual Contributions Contract B. Fiscal Year. The PHA Fiscal Year as specified in section L2.B of this A CC Part L C. HUD. U.S. Department of Housing and Urban Development. D. Maximum Annual Contribution Commitment. The amount of contract authority reserved by H UD for a praject The amount of contract authority reserved fcr each project in the Housing Voucher Program is stated in Exhibit I of this A CC Part I (subject to reduction in accordance with section L3.E and section 2.3 of this ACC). E. PAA. Public Housing Agency. F. Program. The PHA's Housing Voucher Program. G. Program Receipts Amounts paid by HUD to the PHA under this ACC for the Housing Voucher Program, and any other amounts received by the PHA in connection with the Program. H. Program Expenditures. Amounts which may be charged against Program Receipts in a000rdanoe with the ACC and HUD requirements 1.2. HOUSING VOUCHER PROGRAM. A. Prrtects. The Program under this ACC oormsts of the projects in Exhibit I of this ACC Part I, each of which represents a funding increment for the Program. Page 1 of 5 pages HUD 52520 D (June 1985) 1 R i B. PAA Fiscal Year. The Fiscal Year far the Program shall be the 12 -month period endingmune 30 Of Qn each calendar year. sert the day and month used as the Fiscal Year ending date for other section 8 affiance administered by the PHA under an ACC with HUD.) L3. ANNUAL CONTRIBUTION. A. Payment. HUD shall pay the PHA annual contributions for the projects in the Program in accordance with HUD regulations and requirements B. Term. Payments on account of the annual contributions fcr each F zFet may only be made during a term of five years, and shall not be made after the end of the five year term. The term for each project begins when HUD makes the first advance to the PHA on account of the annual contributions for the project After HUD makes the fiat advance for a project, HUD may enter the first and last dates of the A C C berm for the project on Exhibit I of this A C C "— Part L The Exhibit I as revised by HUD shall constitute an amendment of the ACC Part I, and the revised Exhibit supersedes any previous Exhibit I for the Program. C. A mount and Purpose. The annual contribution for the Program for a Fiscal Year shall be the sum of the amounts paid on account of the annual contribution for each of the prajecs in the Program. The annual contribution for the Program shall be in the amount approved by H UD for the Fiscal Year to cover: L The amount of housing assistance payments by the PHA. 2. The amount of PHA costs for Program administration The amount of the annual contributions by HUD may be reduced, as determined by HUD, by the amount of Program Receipts (such as interest income) other than annual contributions. D. Maximum Annual Contribution Commitment for Project Except for payments from the ACC reserve account as provided in section LIF of this ACC, or for payments under section 1.3.G, the annual contribution payment by HUD for a project for a Fiscal Year shall not be more than the Maximum Annual Contribution Commitment for the project such Maximum Annual Contribution Commitment shall be available during the five Fiscal Years beginning with the Fiscal Year when HUD makes the first advance to the PAA on account of the annual contributions for the project E. Reduction of Amount Payable. HUD may reduce the amount of the annual contributions payable by HUD for any project or fcc the Program, and may reduce the amount of the contract authority for any project, by giving the PHA written notice of reduction in accordance with section 2.3 of this ACC. The notice by HUD may include a revision of Exhibit I of this ACC Part I to reflect the Page 2 of 5 pages HUD 52520 D (June 1985) /Ga/ reduction in the amount of contract authority for a project HUD notice of the revision shall constitute an amendment of Exhibit I, and the revised Exhibit I supersedes any previous Exhibit I for the Program. F. ACC Reserve Account. An ACC reserve account may be established and m by HUD in an amount as determined by HUD. The ACC reserve account maybe used by HUD fcr payment of any portion of the annual contribution payment approved by HUD. G. Patabcgty Procedures: Preliminary Fee of Receiving PHA. In a n to the maximum annual contribution commitment under section 1.3.D, and payments from the ACC reserve account under section L3.F, HUD may approve additional annual contribution payments to the PHA for the purpose of paying preliminary fees to another PHA acting as Receiving PHA in accordance With HUD requirements under the portabBity procedures. H. Limit on TotalPayments for Project The total of annual (i7R uticrs Payments by HUD for each project anclding any payments from the ACC reserve account as provided in section LIF, but not bvd ding any payments under section 1.3.G) shall not be more than five times the Maximum Annual Contribution Commitment for the praject. L4. ACC. A. This ACC for the Program consists of this ACC Part I Wmhding Exhibit A and the for m A C C Part II prescribed by H U D for the Housing Certificate Program and Housing Voucher Program, designated as form HUD 52520 E, and dated June 1985. These documents constitute the Whole ACC for the Program. Page 3 of 5 pages HUD 52520 D (June 1985) i B. This ACC supersedes any previus ACCs for the Program. Matters relating to operation of the Program under a previous ACC shall be governed by this A C C. Signatures PUBLIC HOUSING AGENCY e Print or type name and official title UNITED STATES OF AMERICA "'SLCRETARY OF ROUSING AND URBAN DEVELOPMENT * By. Signature Date signed _Jerry L. Bauer, Manager - Des Moines Office Pnnt or type name and official title of sgnatcry * Per Housing 12/31/85 - Resubmitted Voucher ACC 9-3-85 after Resolution A85-270 approved. This ACC was not signed due to funding allocation change from HUD Headquarters. August 27, 1985 Date signed Received 6 Approved By The legal Department Page 4 of 5 pages HUD 52520 D (June 1985) i I i i �, U. S. DEPARTMENT OF HOUSING AND URBAN DEVE "MENT SECTION 8 EXISTING ANNUAL CONTRIBUTIONS CONTRACT -- PART II for EOUSrNG CERTIFICATE PROGRAM AND HOUSING VOUCHER PROGRAM 2.1. HUD REQUIREMENTS. A. The PER agrees to comply, and shall require owners to comply, with the requirements of the D.S. Housing Act of 1937 and all applicable HUD regulations and other requirements, including any amendments or changes in the Act or HUD requirements. S. The PHA shall comply with its BUD -approved administrative plan, equal opportunity housing plan and EUD-approved applications for the Programs. C. The PER shall use the forms required by HUD. D. The PER shall proceed ezpeditiously with the Programs under this ACC. 2.2. ANNUAL CONTRIBUTION. A. ?be PBA shall submit to BUD each Fiscal Year an estimate of the annual contribution required for the Programs. ?be annual contribution estimate, and supporting data for the estimate, shall be submitted at such time and in such form as BUD may require, and are subject to HUD approval and revision. B. The PBA will requisition periodic payments on account of each annual contribution. The requisition shall be in the form prescribed by HUD. Each requisition shall Include certification by the PER thats Page 1 of 9 pages BUD 52520 E (June 1985) /GoZ�a II i i 1. Housing assistance payments have been made in accordance with contracts in the fora prescribed by BUD and in accordance with HUD requirements; and 2. Units have been inspected by the PBA in accordance with BUD requirements. C. If BUD determines that payments by HUD to the PBA for a Fiscal Year exceed the amount of the annual contribution approved by BUD for the Fiscal Year, the excess shall be applied as determined by HDD. Such applications determined by BUD may include, but are not limited to, application of the excess payment against the amount of the annual contribution for a subsequent Fiscal Year. The PHA shall take any actions required by BUD respecting the excess payment, and shall, upon demand by HUD, promptly remit the excess payment to BUD. 2.3. REDUCTION IN ANNUAL CONTRIBUTIONS PAYABLE BY BUD. A. Upon written notice by BOD to the PHA, BUD may reduce to an amount determined by BUD the amount of the annual contributions payable for any project or for the Program, and may reduce to an amount determined by BUD the contract authority reserved by BUD for any project included in the Programi: 1. If BUD determines that the PHA has failed to comply with any obligations under the ACC, or 2. In the case of amounts provided for use in connection with a rental rehabilitation grant under the Rental Rehabilitation Program authorized by section 17 of the U.S. Housing Act of 1937, if BUD deobligates rental rehabilitation grant amounts. If HUD deobligates rental rehabilitation grant amounts, 3UD may reduce the annual contributions payable and the contract authority reserved whether or not the PHA has failed to comply with any obligations under the ACC. Page 2 of 9 pages BUD 52520 E (June 1985) H. The notice by HDD to the PHA shall state any reduction, pursuant to section 2.3.A of the ACC, in the amount of the annual contributions payable for any project or for the Program, and shall state any reduction in the amount of contract authority reserved by HDD for a project. The notice may specify a revised unit distribution. HDD notice of reduction or revision shall constitute an amendment of the ACC. However, HDD shall not reduce the amount of annual contributions payable by HDD for any project or for the Program, and shall not reduce the amount of contract authority reserved by HDD for a p!.oject, below the amount, as determined by HDD, necessary for dwelling units under contracts for housing assistance payments with owners on the date when the PHA receives the HDD notice. 2.4. USE OF PROGRAM RECEIPTS. A. The PHA shall use Program Receipts to provide decent, safe and sanitary housing for eligible families in ! compliance with the D.S. Housing Act of 1937 and all HDD requirements. Program Receipts may only be used to pay Program Expenditures. B. The PHA shall not make any Program Expenditures except in accordance with the annual contribution estimate and supporting data for such estimate as approved by HDD. I C. The PHA shall maintain an Operating Reserve account that shall be credited with the amount by which the total of administrative fees earned and interest earned on the Operating Reserve exceed PEA ; administrative expenses during a Fiscal Year. In subsequent years, the PEA must use funds in the Operating Reserve to pay administrative expenses in j excess of Program Receipts. Notwithstanding the provisions of section 2.4.A, if there remain funds in the Operating Reserve, the PHA may use such funds for other housing purposes consistent with State and local law. However, HDD may prohibit use of funds in the Operating Reserve for other housing purposes if the PHA is not adequately administering its Housing Certificate Program or its Housing Voucher Program or has the failed to comply with any of its obligations under Page 3 of 9 pages HUD 52520 E (June 1985) /d0,/ Page 4 of 9 pages HUD 52520 E (June 1985) 16.Z), i 2.5. BOORS OF ACCOUNT AND RECORDS; REPORTS. A. The PHA shall maintain complete and accurate books of account and records for the Program. The books and records shall be in accordance with BUD requirements, and shall permit a speedy and effective audit. B. The PHA shall furnish HUD such financial, operating, and statistical reports, records, statements, and documents at such times, in such form, and accompanied by such supporting data as required by HUD. C. BUD and the Comptroller General of the United States, or their duly authorized representatives, shall have full and free access to all PHA offices and facilities, and to all the books, documents, papers, and records of the PHA that are pertinent to operation and management of the Program, including the right to audit, and to make excerpts and transcripts from the books and records. i D. The PBA shall be responsible for engaging and paying an independent public accountant for the making of '. audits as required by BUD. The cost of audits required by BUD may be charged against Program Receipts. 2.6. DEPOSITARY. A. The PEA shall enter into one or more agreements, which are collectively called the •Depositary Agreement,' with financial institutions which are selected as depositary by the PHA, and whose accounts are insured by an agency of the Federal Government. The Depositary Agreement shall be in the form prescribed by HUD, and the PHA shall furnish to BUD such copies of the Depositary Agreement as BUD may require. I B. All Program Receipts shall be promptly deposited with the Depositary under the Depositary Agreement unless otherwise required or permitted by BUD. The PHA may withdraw Program Receipts subject to the Depositary Agreement only for use in connection with the Program in accordance with BUD regulations or other requirements. No withdrawal shall be made except in accordance with a voucher on file in the office of the PBA stating in proper detail the purpose of the withdrawal. Page 4 of 9 pages HUD 52520 E (June 1985) 16.Z), C. As required by BUD, PHA funds in excess of current needs shall be promptly remitted to BUD or shall be invested in accordance with HUD requirements. Interest on the investment of Program Receipts shall constitute Program Receipts. D. The Depositary Agreement shall provide that the provisions of the Depositary Agreement may not be terminated or changed without written consent by HUD, and that if required under a written notice from HUD to the Depositary, (1) the Depositary shall not permit any withdrawal by the PHA of funds held under the Depositary Agreement unless withdrawals by the PBA are j expressly authorised by written notice from HUD to the Depositary, and (2) the Depositary shall permit withdrawals of such funds by HUD. E. If approved by HUD, the PHA may deposit under the Depositary Agreement monies received or held by the PHA in connection with any contract between the PHA and HUD. 2.7. DEFAULT B2 PEA. A. Upon written notice to the PBA, HUD may take possession of all or any PEA property, rights or interests in connection with the Program, including funds held under the Depositary Agreement, Program Receipts, and rights or interests under a contract for housing assistance payments with an owner, if HUD determines that: 1. The PBA has failed to comply with any obligations under this ACC, or 2. The PEA has failed to comply with obligations under a contkact for housing assistance payments with an owner, or has failed to take appropriate action, to HUD's satisfaction or as directed by j HUD, for enforcement of the Pak's rights under a contract for housing assistance payments (including requiring actions by the owner to cure a default, termination or reduction of housing assistance payments, termination of the contract for housing assistance payments, or recovery of overpayments), or Page 5 of 9 pages HUD 52520 E (June 1985) i 3. The PBA has made any misrepresentation to HUD of any material fact. HUD shall issue a notice to the PHA giving the PHA a reasonable opportunity to take corrective action before BUD takes possession of PHA property, rights or interests under this section 2.7.A. B. If BUD has taken possession of PHA property, rights, or interests under ■action 2.7.A, BUD shall redeliver possession of the property, rights or interests as j constituted at the time of the return when BOD is satisfied that all defaults have been cured, and that the Program will thereafter be administered in accordance with this ACC. C. HUD's exercise or non -exercise of any right or remedy under the ACC shall not constitute a waiver of BUD's _ right to exercise that or any other right or remedy at j any time. D. During the term of this ACC, BOD shall continue to pay annual contributions for the purpose of making housing assistance payments with respect to dwelling units under contracts with owners, entered into by the PHA in the fora prescribed by HOD and in accordance with BUD regulations and other requirements. The housing assistance payments shall be made in accordance with the terms of such contracts. 2.8. FIDELITY BOND COVERAGE. The PHA shall carry adequate fidelity bond coverage, as required by HUD, of its officers, agents or employees handling cash or authorized to sign checks or certify vouchers. 2.9. NONDISCRIMINATION IN HOUSING. A. The PHA shall comply with the nondiscrimination requirements of Title VI of the Civil Rights Act of 1964 prohibiting discrimination based on race, color or national origin and Executive Order 11063 with respect to those provisions prohibiting discrimination based on religion or sex, and with implementing HOD regulations. B. The PHA shall comply with Title VIII of the Civil Rights Act of 1968 which prohibits discrimination in the sale, rental or financing of housing on the basis of race, color, religion, sex or national origin and with any implementing regulations. Page 6 of 9 pages BUD 52520 E (June 1985) /ba/ ■ I C. The PHA shall comply with Section 504 of the Rehabilitation Act of 1973, as amended, which prohibits discrimination against handicapped persons who would otherwise qualify to participate in the Program and, where applicable, the Age Discrimination Act of 1975, as amended, which prohibits discrimination on the basis of age. D. Unwed parents, families with children born out of wedlock, and recipients of public assistance shall not be excluded from participation in or be denied the benefit of the Program because of such status. 2.10. EQUAL EMPLOYMENT OPPORTUNITY. A. The PHA shall not discriminate against any employee or applicant for employment because of race, color, creed, religion, sex, handicap or national origin. The PEA shall take affirmative action to ensure that applicants are employed, and that employees are treated during employment, without regard to race, color, creed, religion, sex, handicap or national origin. Such action shall include, but not be limited to, the following: employment, upgrading, demotion, or transfer; recruitment or recruitment advertising; layoff or termination; rates of pay or other forms of compensation= and selection for training, including apprenticeship. B. The PHA agrees to post in conspicuous places, available to employees and applicants for employment, notices to be provided by HUD setting forth the provisions of this nondiscrimination clause. The PBA will in all solicitations or advertisements for employees placed by or on behalf of the PEA state that all qualified applicants will receive consideration for employment without regard to race, color, creed, religion, sex, handicap or national origin. The PHA will incorporate the foregoing requirements of this paragraph in all of its contracts for project work, except contracts for standard commercial supplies or raw materials, and will require all of its contractors for such work to incorporate such requirements in all subcontracts for project work. 2.11. TRAINING, EMPLOYMENT, AND CONTRACTING OPPORTUNITIES FOR BUSINESS AND LOWER INCOME PERSONS. The PEA shall comply with Section 3 of the Housing and Urban Development Act of 1968 and HUD regulations. To the greatest extent feasible, employment and training Page 7 of 9 pages HUD 52520 E (June 1985) /602/ opportunities in connection with planning and carrying out any project assisted under the Program shall be given to lower income persons residing within the unit of local government or the metropolitan area (or nometropolitan county), as determined by HUD, in which the project is located, and contracts for work to be performed in connection with any project shall be awarded to business firms which are located in or owned in substantial part by persons residing in the same metropolitan area (or nonmetropolitan county) as the project. 2.12. COOPERATION IN EQUAL OPPORTUNITY COMPLIANCE REVIEWS. The PEA shall cooperate with BUD in conducting compliance reviews and complaint investigations pursuant to applicable civil rights statutes, Executive Orders, and related rules and regulations. 2.13. CONFLICT OF INTEREST PROVISIONS. A. Neither the PBA not any of its contractors or their subcontractors shall enter into any contract, subcontract, or arrangement, in connection with the Program in which any of the following classes of persons has an interest, direct or indirect, during tenure or for one year thereafter: 1. Any present or former member or officer of the PEA (except a tenant commissioner). 2. Any employee of the PEA who formulates policy or who influences decisions with respect to the Program. 3. Any public official, member of a governing body, or State or local legislator who exercises functions or responsibilities with respect to the Program. B. Any members of the classes described in paragraph A must disclose their interest or prospective interest to the PBA and BUD. C. The requirements of section 2.13.A may be waived by BUD for good cause. No person to whom a waiver is granted shall be permitted (in the capacity as member of a class described in section 2.13.A) to exercise responsibilities or functions with respect to a contract for housing assistance payments executed, or to be executed, on his or her behalf, or with respect to a contract for housing assistance payments to which this person is a party. Page 8 of 9 pages BUD 52520 E (June 1985) oda/ D. The provisions of section 2.13.A, section 2.13.B and section 2.13.0 shall not be applicable to the Depositary Agreement, or to utility service the rates for which are fixed or controlled by a governmental agency. 2.11. INTEREST OF MEMBER OF OR DELEGATE TO CONGRESS. No member of or delegate to the Congress of the United States of America or resident commissioner shall be admitted to any share or part of this ACC or to any benefits which may arise from it. 2.15. EXCLUSION Of THIRD PARTY RIGHTS. I Nothing in the ACC shall be construed as creating any right of any third party to enforce any provision of this ACC, or to assert any claim against HUD or the PBA under this ACC. Page 9 of 9 pages BUD 52520 E (June 1985)