HomeMy WebLinkAbout1983-02-15 Public hearing4
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NOTICE OF PUBLIC HEARING
NOTICE OF PUBLIC HEARING ON PLANS, SPECIFICATIONS,
FORM OF CONTRACT AND ESTIMATED COST FOR IOWA CITY
TRANSIT FACILITY PROJECT IN THE CITY OF IOWA CITY,
IOWA.
TO ALL TAXPAYERS OF THE CITY OF IOWA CITY, IOWA, AND
TO OTHER PERSONS INTERESTED:
Public notice is hereby given that the City Council
of the City of Iowa City, Iowa, will conduct a
public hearing on plans, specifications, form of
contract and estimated cost for the construction of
the Iowa City Transit Facility Project in said City
at 7:30 p.m. on the 15th day of February, 1983, said
meeting to be held in the Council Chambers in the
Civic Center in said City.
Said plans, specifications, form of contract and
esimated costs are now on file in the office of the
City Clerk in the Civic Center in Iowa City, Iowa,
and may be inspected by any persons interested.
Any persons interested may appear at said meeting
of the City Council for the purpose of making
objections to said plans, specifications, contract
or the cost of making said improvement.
This notice is given by order of the City Council of
the City of Iowa City, Iowa.
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Marian K. Karr, Acting City Clerk
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NOTICE OF PUBLIC HEARING OF INTENTION
TO ISSUE
INDUSTRIAL DEVELOPMENT REVENUE BONDS
(GENE KROEGER PROJECT)
Notice is hereby given that a public hearing will
be conducted before the Council of the City of Iowa
City, Iowa, in the Council Chambers at the Civic
Center, Iowa City, Iowa, at 7:30 o'clock p.m., on
February 15, 1983, on the proposal to issue not to
exceed $250,000 principal amount of the City's
Industrial Development Revenue Bonds (Gene Kroeger
Project) pursuant to the provisions of Chapter 419
of the Code of Iowa, for the purpose of financing
all or a portion of the cost of acquiring,
constructing, improving and equipping a commercial
enterprise consisting of a commercial office
building to be located within the area of and
consistent with the City's Neighborhood Development
Plan. The proposed facilities will be owned by
Gene Kroeger, an individual (the "Company"). It is
contemplated that a Loan Agreement will be entered
into between the City and the Company, under which
the City would loan to said Company the proceeds
from the sale of the Bonds in return for loan
payments from the Company sufficient to pay the
principal of, interest and premium, if any, on such
Bonds as the same shall fall due.
Such Bonds, if issued, and the interest thereon
will be payable solely out of the revenues derived
from said Loan Agreement and shall never constitute
an indebtedness of said City within the meaning of
any state constitutional provision or statutory
limitation, and shall not constitute nor give rise
to a pecuniary liability of said City or a charge
against its general credit or taxing powers.
All local residents who appear at said hearing
shall be given an opportunity to express their
views for or against the proposal to issue said
Bonds, and at said hearing, or any adjournment
thereof, the Council of said City shall adopt a
resolution determining whether or not to proceed
with the issuance of said Bonds.
By Order of the City Council.
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Marian K. Karr, Acting Clerk of
the City of Iowa City, Iowa
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NOTICE OF PUBLIC HEARING OF INTENTION
TO ISSUE
INDUSTRIAL DEVELOPMENT REVENUE BONDS
(THE WILLIAMS COMPANY PROJECT)
Notice is hereby given that a public hearing will
be conducted before the Council of the City of Iowa
City, Iowa, in the Council Chambers at the Civic
Center, Iowa City, Iowa, at 7:30 o'clock p.m., on
February 15, 1983, on the proposal to issue not to
exceed $750,000 principal amount of the City's
Industrial Development Revenue Bonds (The Williams '
Company Project
P y J ) pursuant to the provisions of
Chapter 419 of the Code of Iowa, for the purpose of - -
financing all or a portion of the cost of
acquiring, constructing, improving and equipping a
commercial enterprise consisting .of a retail and
commercial office building to be located within the
area of and consistent with the City's Neighborhood
Development Plan. The proposed facilities will be
owned by The Williams Company, a general
partnership (the "Company"). It is contemplated
that a Loan Agreement will be entered into between
the City and the Company, under which the City
would loan to said Company the proceeds from the
sale of the Bonds in return for loan payments from
the Company sufficient to pay the principal of,
interest and premium, if any, on such Bonds as the
isame shall fall due.
Such Bonds, if issued, and the interest thereon
will be payable solely out of the revenues derived
from said Loan Agreement and shall never constitute
an indebtedness of said City within the meaning of
any state constitutional provision or statutory
limitation, and shall not constitute nor give rise
to a pecuniary liability of said City or a charge
against its general credit or taxing powers.
All local residents who appear at said hearing
shall be given an opportunity to express their
views for or against the proposal to issue said
Bonds, and at said hearing, or any adjournment
thereof, the Council of said City shall adopt a
resolution determining whether or not to proceed
with the issuance of said Bonds.
By Order of the City Council.
Marian K. Karr, Acting Clerk of
the City of Iowa City, Iowa
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