HomeMy WebLinkAbout1981-10-26 CorrespondenceIn,—
CITY
CIVIC CENTER
CSF
410 E. WASHINGTON ST
OW/\
IOWA CITY, IOWA 52240
CITY
(319) 356-5000
TO: JOHN R. BALMER, CLEMENS ERDAHL, LARRY LYNCH, MARY NEUHAUSER, DAVID PERRET,
GLENN ROBERTS, ROBERT VEVERA
You and each of you are hereby notified that pursuant to the authority
vested in the Mayor of the City of Iowa City, Iowa, or under State Law
and the Ordinances of the City of Iowa City, Iowa, as Mayor I hereby
call a special meeting on October 26, 1981, at 3:00 P.M., to be held
in the Conference Room at the Civic Center of Iowa City, Iowa.
The meeting is called for the purpose of consideration of Resolutions
Authorizing Execution of Memorandum of Agreement and Fixing a Date on
Proposed Industrial Development Revenue Bonds, for I.C.B.B., Inc. Project.
Dated at Iowa City, Iowa this 23rd day of October, 1981.
ATTEST: .a
City Clerk ie o us
MICROFILMED BY
JORM MICROLAB
CEDAR RAPIDS•DES 1401NES
Mayor John R. Ba mer
CITY CSF IOWA
CITY
CIVIC CENTER 410 E. WASHINGTON ST. IOWA CITY, IOWA 52240 (319) 356-5030
NOTICE OF OCTOBER 26, 1981, SPECIAL COUNCIL MEETING RECEIVED:
j MICROFILMED BY
JORM MICROLAB
CEDAR RAPIDS•DES MOINES
I—
CITY OF IOWA CITY
CIVIC CENTER 410 E. WASHINGTON ST. IOWA CITY, IOWA 52240 (319)356-503D
NOTICE OF OCTOBER 26, 1981, SPECIAL COUNCIL MEETING RECEIVED:
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Clemens Erdahl
MICROFILMED BY
'JORM MICROLAB
-CEDAR RAPIDS -DES MOINES
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CITY OF
CIVIC CENTER 410 E. WASHINGTON ST
OWA CITY
IOWA CITY, IOWA 52240 (319) 356-5000
NOTICE OF OCTOBER 26, 1981, SPECIAL COUNCIL MEETING RECEIVED:
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CITY OF IOWA CITY
CIVIC CENTER 410 E. WASHINGTON ST. IOWA CITY, IOWA 52240 (319) 356-5000
NOTICE OF OCTOBER 26, 1981, SPECIAL COUNCIL MEETING RECEIVED:
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Mary C. euhauser
MICROFILMED BY
JORM MICROLAB
_CEDAR RAPIDS -DES MOINES
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CITY OF IOWA CITY
CIVIC CENTER 410 E. WASHINGTON ST. IOWA CITY, IOWA 52240 (319)356-500D
NOTICE OF OCTOBER 26, 1981, SPECIAL COUNCIL MEETING RECEIVED:
CITY CSF IOWA
CITY
CHIC CEN(ER 410 E. WASHINGTON ST. IOWA CITY, IOWA 52240 (319)356-500D
NOTICE OF OCTOBER 26, 1981, SPECIAL COUNCIL MEETING RECEIVED: j
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Genn E. Roberts
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MICROFILMED BY
' JORM MICRO_ LAB
CEDAR RAPIDS -DES MOINES
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CITY IOWA CITY CHIC CEN(ER 410 E. WASHINGTON ST. IOWA CITY, IOWA 52240 (319)356-500D
NOTICE OF OCTOBER/26, 1981, SPECIAL COUNCIL MEETING RECEIVED:
Robert A. vevera
i MICROFILMED BY
'JORM MICROLAB
CEDAR RAPIDS -DES 1401NES
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1-, City of Iowa City
MEMORANUUM
Date: October 22, 1981
To: City Council and City Manager
From: Rosemary Vitosh, Director of Finance FIV
Re: The Brown Bottle Application for Industrial Revenue Bonds
Staff review of the application has verified that the project complies
with all legal and City requirements such as meeting IRS guidelines for
tax-exempt status, the maintenance or increase in employment
opportunities in the community,. environmental factors and community
service factors. The financial 'review of the project revealed no problem
areas.
The application form submitted by The Brown Bottle does indicate that
remodeling plans will include putting a new face on the old-Younkers
building. The reason stated on the application for applying for IRB's
reads "In order for us to move to the proposed new location (we will be
leasing the whole building but occupying only one -third -of the building)
the IRB will be needed to cover all leasehold improvements and the
purchase of new equipment. The proposed project involves approximately
30,000 square feet which will not be occupied by the applicant. The
leasing and rehabilitation by the applicant of this space would not be
possible without capital IRB financing.".
Staff recommends that the Council proceed with the issuance of the bonds.
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MICROFILMED BY
JORM MICROLAB
CEDAR RAPIDS -DES 140INES
Proceedings Fixing Date for Hearing
Iowa City, Iowa
October 26 , 1981
The City Council of Iowa City, Iowa, met in special session
on the 26th day of October 1961, at 3:00 o'clock,
P.m., at the Civic Center, City Hall, in Iowa City, —Iowa. The meeting
was called to order and there were present John R. Balmer ,
Mayor, in the chair, and the following named Council Members.
Erdahl. Perret, Roberts, Vevera
Absent: Lynch, Neuhauser
Matters were discussed concerning the issuance of Industrial
Development Revenue Bonds. Whereupon, Council Member Erdahl
introduced a resolution entitled: "Resolution fixing a date for hearing
on proposed Industrial Development Revenue Bonds, Series 1981 (I.C.B.B.,
Inc. Project)", and moved its adoption; seconded by Council Member
Roberts . After due consideration of the said
resolution by the Council, the Mayor put the question upon the motion
and the roll being called, the following named Council Members voted:
Ayes: Erdahl. Perret, Roberts. Vevera, Balmer
Nays: None
Absent: Lynch, Neuhausar
Whereupon, the Mayor declared the said resolution duly adopted and
approval was signed thereto.
Upon motion and vote, the meeting adjourned.
yor
Attest:
City Clerk
(Seal)
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MICROFILMED BY
'JORM MICROLAB
CEDAR RAPIDS -DES MOINES
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