HomeMy WebLinkAbout2003-10-28 Public hearing NOTICE OF PUBLIC HEARING
Notice is hereby given that a public hearing will
be held by the City Council of Iowa City, Iowa, at
7:00 p.m. on the 28th day of October, 2003, in
Emma J. Harvat Hall, 410 E. Washington Street,
Iowa City, Iowa, or if said meeting is cancelled, at
the next meeting of the City Council thereafter as
posted by the City Clerk; at which hearing the
Council will consider:
1. An ordinance rezoning
approximately 13,500 square
feet from Central Business
Service (CB-2) to Planned
High Density Multi-Family
Residential (PRM) located at
512 S. Dubuque Street.
2. An ordinance vacating a
portion of the alley located to
the east of 512 S. Dubuque
Street.
Copies of the proposed ordinances and
resolutions are on file for public examination in the
office of the City Clerk, Civic Center, Iowa City,
Iowa. Persons wishing to make their views known
for Council consideration are encouraged to
appear at the above-mentioned time and place.
MARIAN K. KARR, CITY CLERK
Prepared by: Shelley McCafferty, Associate Planner, 410 E. Washington Street, Iowa City, IA 52240; 319-356-5243
ORDINANCE NO.
AN ORDINANCE CHANGING THE ZONING DESIGNATION OF APPROXIMATELY 13,500 SQUARE
FEET FROM CENTRAL BUSINESS DISTRICT (CB-2), TO PLANNED HIGH DENSITY RESIDENTIAL
(PRM), LOCATED AT 512 S. DUBUQUE STREET SOUTH OF COURT STREET.
WHEREAS, the applicant, University View Partners, has requested that said property be rezoned from
CB-2, Central Business District Service, to PRM, Planned High Density Residential; and
WHEREAS, the proposed zoning change conforms with the Near Southside Neighborhood
Redevelopment Plan; and
WHEREAS, the proposed rezoning is located adjacent to an existing Planned High Density Residential
zone; and
WHEREAS, the Planning and Zoning Commission recommended approval of the proposed rezoning.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF IOWA CITY,
IOWA:
SECTION I. APPROVAl. The property described below is hereby reclassified from its present
classification of CB-2, Central Business District Service, to PRM, Planned High Density Residential.
Lot 7 and the South 10 feet of Lot 8, in Block 9, in that part of Iowa City, Iowa, laid off as the County Seat
of Johnson County, Iowa, according to the plat thereof recorded in Book 1, Page 253, Deed Records of
Johnson County, Iowa.
SECTION II TONING MAP. The Building Inspector is hereby authorized and directed to change the
zoning map of the City of Iowa City, Iowa, to conform to this amendment upon the final passage, approval
and publication of this ordinance as provided by law.
SECTION III CERTIFICATION AND RECORDING Upon passage and approval of the ordinance, the
City Clerk is hereby authorized and directed to certify a copy of this ordinance and to record the same at the
office of the County Recorder of Johnson County, Iowa, all as provided by law.
~. All ordinances and parts of ordinances in conflict with the provisions of this
Ordinance are hereby repealed.
SECTION V. SEVERARII ITy. If any section, provision or part of the Ordinance shall be adjudged to be
invalid or unconstitutional, such adjudication shall not affect the validity of the Ordinance as a whole or any
section, prevision or part thereof not adjudged invalid or unconstitutional.
SECTION VI. EFFECTIVE DATF. This Ordinance shall be in effect after its final passage, approval and
publication, as provided by law.
Passed and approved this day of ,20
MAYOR
ATTEST:
CITY CLERK
City,~,t~o~ney'~ Office
Ppdadmin~xd~zonechg512sdu buque.doc
STAFF REPORT
To: Planning & Zoning Commission Prepared by: Robert Miklo
Item: REZ03-00021 512 S. Dubuque Date: September 18, 2003
GENERAL INFORMATION:
Applicant: University View Partners
414 E. Market Street
Iowa City, IA 52245
Requested Action: Rezoning from CB-2, Central Business District
Service, to PRM, Planned High Density
Multifamily
Purpose: To allow residential use.
Location: 512 S. Dubuque Street
Size: Approximately 1/3 of an acre
Existing Land Use and Zoning: Vacant building
Surrounding Zoning and Land Use: North: CB-2, Office
South: PRM, Multi-family Residential
East: OSA/PRM, Multifamily Residential
West: P, School District Office Building
Comprehensive Plan: High Density Residential
File Date: August 28, 2003
45 Day Limitation Period: October 12, 2003
BACKGROUND INFORMATION:
This property was formerly the location of a veterinary clinic. The building on the
property is currently vacant. It has been zoned Central Business Service (CB-2) since the
creation of the CB-2 zoning district in 1983. The CB-2 zone allows commemial uses,
which are intended to compliment and serve the commercial uses in the Central Business
(CB-10) zone. The current zoning allows dwellings above the ground floor, but the
ground floor must contain a commemial use. The applicant has requested that the
property be zoned PRM to allow for it to redevelop exclusively for residential uses.
2
ANALYSIS:
Compliance with Comprehensive Plan: The 1992 Near Southside Neighborhood
Redevelopment Plan, which was adopted as part of the 1997 Iowa City Comprehensive
Plan identifies this property and the rest of this block as an appropriate location for
high-density residential development. The logic of promoting higher density residential
development near the downtown rests in the concept that people who live in and near
downtown will walk to work or class, will patronize downtown businesses, will add to the
after hours vitality, and create a sense of safety in the downtown. Furthermore, higher
density development in the downtown vicinity will reduce housing pressures in the
surrounding neighborhoods.
Neighborhood Compatibility: The uses currently surrounding this property include the
multifamily housing, school district offices to the west and law office to the north. The
proposed PRM zoning is certainly compatible with the adjacent PRM zoning. Rezoning
this lot will leave the property at 500 S Dubuque Street as the sole CB-2 property in this
area.
Given the adjacent land uses and the recommended land uses for this area contained
in the Near Southside Redevelopment Plan, staff feels that this rezoning is appropriate.
STAFF RECOMMENDATION:
Staff recommends that REZ-03-00021, an application from University View Partners for
a rezoning from CB-2, Central Business District Service to PRM, Planned High Density
Residential for 1/3 of an acre, located at 512 S. Dubuque Street, be approved.
ATTACHMENTS:
1. Location map
2. Applicant's statement
Jeff Davidson, Assistant Director,
Department of Planning and Community Development
REZ02-00021
COUNTY POST
COURTHOUSE OFFICE
30UNT/
JAIL ! m
c1~ CI
~ I
2
SITE LOCATION: 512 S. Dubuque REZ03-O0021
The property for which rezoning is requested is a 90 foot by
150 foot parcel in Block 9 County Seat addition. The property
address is 512 South Dubuque Street.
The Applicant is the Contract Purchaser of the property. The
Applicant is the owner of the property immediately to the south at
522 South Dubuque.
The property to the north is the office of Security Abstract
Company and the Willis Law Firm. The properties to the south in
this block are comprised of structures containing only dwelling
units. This property and the Willis parcel to the north are
currently zoned CB-2. The balance of the block is currently zoned
PRM.
PRM, Planned High Density Multi-Family Residential, is a more
logical zoning for this property. PRM is intended to provide"
high density multi-family dwellings in centrally located areas
which are in close proximity to public transportation and
employment and commercial centers." Rezoning this block to PRM is
consistent with the City's plan for the area south of Burlington,
and other properties on this block. PRM is also consistent with
the current use of the structures in the area.
Since the surrounding structures are generally already used
consistent with PRM, rezoning will have little impact upon
surrounding properties. No public facilities or services will be
impacted by the proposed rezoning.
Y:\WPDOCS\PSHIP\CLARK P~RTNERSHIPS\Oniversity View Partners\5125Dubuque\RezoningStatement.wpd
Prepared by: Jessica Hlubek, Planning Intern, 410 E. Washington St., Iowa City, IA 52240; 319-356-5231
ORDINANCE NO.
AN ORDINANCE VACATING A PORTION OF THE ALLEY LOCATED TO THE EAST OF 512 S.
DUBUQUE STREET,
WHEREAS, the applicant, University View Partners, has requested that the City vacate the unbuilt
portion of an alley right-of-way located to the east of 512 S. Dubuque Street; and
WHEREAS, the said right-of-way is not used by abutting properties for vehicular or pedestrian
access; and
WHEREAS, the City has no plans to develop the right-of-way for street access; and
WHEREAS, it is in the City's interest to vacate and dispose of public right-of-way, or portions
thereof, that will not be used for public access; and
WHEREAS, the Planning and Zoning Commission recommended vacation of this right-of-way
subject to the retention of any necessary utility easements and the conveyance of the right-of-way being
approved concurrently with the approval of the ordinance vacating the alley.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF IOWA CITY,
IOWA:
SECTION I. VACATION: Subject to the retention of any necessary utility easements, and the
conveyance of the right-of-way being approved concurrently with approval of the ordinance vacating the
alley, the City of Iowa City hereby vacates the right-of-way legally described as follows:
THE SOUTH 68.00 FEET OF THE PLATTED ALLEY BETWEEN AND ADJACENT TO LOTS 2 AND 7,
BLOCK 9, COUNTY SEAT ADDITION, IOWA CITY, IOWA, CONTAINING 0.04 ACRE AND SUBJECT
TO EASEMENTS AND RESTRICTIONS OF RECORD.
SECTION II. REPEALER. All ordinances and parts of ordinances in conflict with the provision of this
Ordinance are hereby repealed.
SECTION III. SEVERABILITY. If any section, provision or part of the Ordinance shall be adjudged
to be invalid or unconstitutional, such adjudication shall not affect the validity of the Ordinance as a whole or
any section, prevision or part thereof not adjudicated invalid or unconstitutional.
SECTION IV. EFFECTIVE DATE. This Ordinance shall be in effect after its final passage, approv-
al and publication, as provided by law.
Passed and approved this day of ,2003.
MAYOR
ATTEST:
CITY CLERK
Approye. d by ~//
City Attorney's Office
Ppdadmin\ord\vacate512sdu buque.doc
Ordinance No.
Page
It was moved by and seconded by that the Ordinance
as read be adopted, and upon roll call there were:
AYES: NAYS: ABSENT:
Champion
Kanner
Lehman
O'Donnell
Pfab
Vanderhoef
Wilbum
First Consideration 10/28/03
Voteforpassage:AYES: Lehman, 0'Donne'l], Pfab, Vanderhoef, Wi]burn, Champion,
Kanne~-. NAYS: None. ABSENT: None.
seCOnd Consideration
Vote for passage:
Date published
: Jessica Hlubek, Planning Intern, 410 E. Washington St., Iowa City, IA 52240; 319-356-5231
ORDINANCE NO. T~E
AN ORDINANCE A PORTION OF THE ALLEY LOCATED TO EAST OF 512 S.
DUBUQUE STREET.
WHEREAS the licant, University View Partners, has requested the~the City vacate the unbuilt
portion of an alley ocated to the east of 512 S. Dubuque Street; e~d
WHEREAS, the iht-of-way is not used by abutting prope,rt(es for vehicular or pedestrian
access; and /
WHEREAS, the Ci~ the ri! and
WHEREAS, it is in the interest to vacate and public right-of-way, or portions
thereof, that will not be used for and
WHEREAS, the Planning and ning Commission ended vacation of this right-of-way
subject to the retention of any lity easements and of the right-of-way being
approved concurrently with the a
NOW, THEREFORE, BE , BY THE CITY OF IOWA CITY,
IOWA:
SECTION I. VACATION: Subject to any necessary utility easements, and the
conveyance of the right-of-way being approval of the ordinance vacating the
alley, the City of Iowa City hereby vacates the r legally described as follows:
THE SOUTH 70.00 FEET OF THE ETWEEN AND ADJACENT TO LOTS 2 AND 7,
BLOCK 9, COUNTY SEAT ADDITION, CONTAINING 0.04 ACRE AND SUBJECT
TO EASEMENTS AND RESTRICTIONS OF
SECTION I1. REPEALER. All ordinances conflict with the provision of this
Ordinance are hereby repealed.
SECTION II1. SEVERABILITY. If an ' ' 0art of the Ordinance shall be adjudged
to be invalid or unconstitutional, such adjudic shall ~ validity of the Ordinance as a whole or
any section, provision or dicated invalid
SECTION IV. EFF Ordinance shall effect after its final passage, approv-
al and publication, as provided by law.
Passed and approved this __ 2003.
MAYOR
ATTEST:
CITY CLERK
Approved
ue.doc
STAFF REPORT
To: Planning & Zoning Commission Prepared by: Robert Miklo
Item: VAC03-00002 Date: September 18, 2003
Alley adjacent to512 S. Dubuque
GENERAL INFORMATION:
Applicant: University View Partners
414 E. Market Street
Iowa City, IA 52245
Requested Action: Vacation of alley right-of-way.
Purpose: To allow use in conjunction with redevelopment
of the adjacent property.
Location: 512 S. Dubuque Street
Size: 20' X 90'
Surrounding Zoning and Land Use: North: CB-2, Office
South: PRM, Multi-family Residential
East: OSA/PRM, Multifamily Residential
West: P, School District Office Building
Comprehensive Plan: High Density Residential
File Date: August 28,
BACKGROUND INFORMATION:
The applicant has requested vacation of the north-south alley located adjacent to the east side of
the property at 512 South Dubuque Street. It is the applicant's intent to purchase the property so
that it may be used in conjunction with the redevelopment of the adjacent property. It should be
noted the property owner to the east of the alley will have the right to purchase the eastern half of
the alley if he chooses. If he declines the applicant will be able to purchase the entire alley from
the City.
ANALYSIS:
This alley has never been built and steep topographic conditions indicate that it will unlikely ever
be built. The alley in the southern half of this block was vacated a number of years ago. There is a
sanitary sewer line located within this alley, and therefore a sanitary sewer easement will need to
be retained if the alley is to be vacated. Staff has informed private utility companies of this alley
vacation and has requested information about other existing utilities that may be present in the
alley. If there are other utilities present, additional easements may need to be retained.
2
To the north of this property, the existing alley is paved and does provide access to the residential
building located at 219 Harrison Street. This used portion of the alley will not be affected by this
vacation.
The alley contains regulated slopes that will be subject to the requirements of the sensitive areas
ordinance. The applicant owns the adjacent property to the south, which contains similar slopes.
It has been successfully developed in accordance with the sensitive areas ordinance.
Staff does not believe that there is a public need for this alley. It does not provide access to other
private properties in the area. Its isolated location makes it unsuitable for other public uses such
as open space.
STAFF RECOMMENDATION:
Staff recommends that the alley located adjacent to the east side of 512 South Dubuque Street be
vacated, subject to retention of any necessary utility easements.
ATTACHMENTS:
1. Location Map
2. Applicant's statement
Jeff Davidson, Assistant Director,
Department of Planning and Community Development
COUNTY POST
COURTHOUSEH OmCE
Z
0
(~) ~OUNT~
~ dAIL :
SITE LOCATION: Alley east of 512 S. Dubuque VAC03-00002
This Application seek vacation of the Alley to the inu~ediate
east of 512 South Dubuque Street. This vacation is being requested
at the same time as a rezoning of the property at 512 South
Dubuque. (The Applicant is the contract buyer of 512 South
Dubuque.)
The Alley has been previously vacated to the south of the area
requested in this Application. The Applicant intends that the
portion of the Alley to the north of the portion for which vacation
is requested would remain open aa a public Alley to provide access
to the rear (east) of the property to the north.
The Applicant desires to acquire the vacated portion of the
Alley in connection with Applicants intended use of 512 South
Dubuque Street.
Y:\WPDf~S\PSHIP\CI~%RK PARTNERSHIPS\University View Partners\512SDubuque\VacationStatement.wpd
Publish 10/23
NOTICE OF PUBLIC HEARING ON PLANS,
SPECIFICATIONS, FORM OF CONTRACT AND
ESTIMATED COST FOR THE
WATERWORKS PARK BUTLER
HOUSE/AMPHITHEATER TRAILS PROJECT IN
THE CITY OF IOWA CITY, IOWA
TO ALL TAXPAYERS OF THE CITY OF IOWA
CITY, IOWA, AND TO OTHER INTERESTED
PERSONS:
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
Waterworks Park Butler House/Amphitheater
Trails Project in said city at 7:00 p.m. on the 28th
day of October, 2003, said meeting to be held in
the Emma J. Harvat Hall in City Hall, 410 E.
Washington Street in said city, or if said meeting
is cancelled, at the next meeting of the City
Council thereafter as posted by the City Clerk.
Said plans, specifications, form of contract and
estimated cost are now on file in the office of the
City Clerk in City Hall in Iowa City, Iowa, and may
be inspected by any interested persons.
Any interested persons may appear at said
meeting of the City Council for the purpose of
making objections to and comments concerning
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 and as provided by
law.
MARIAN k. KARR, CITY CLERK
NOTICE OF MEETING OF THE COUNCIL OF THE CITY OF IOWA
CITY, IOWA, ON THE MATTER OF THE PROPOSED ISSUANCE OF
$3,925,000 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 28th day of October, 2003, at 7:00 o'clock P.M., in the
Emma J. Harvat Hall, Civic Center, Iowa City, Iowa, at which meeting the Council
proposes to take additional action for the issuance of $3,925,000 General Obligation
Bonds for an essential corporate purpose of said City, in order to provide funds to pay
costs of the construction, reconstruction, and repairing of improvements to public ways
and streets; the construction, improvement, and repair of bridges; the construction of
sanitary sewers and storm water sewers and systems; the rehabilitation, improvement and
equipping of existing city parks; and the equipping of the fire, police and street
departments.
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 considered, the Council will at this meeting or at any adjournment
thereof, take additional 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 16th day of October, 2003.
s/Marian K. Karr
City Clerk of Iowa City, Iowa
(End of Notice)
October28 .2003
The City Council of Iowa City, Iowa, met in ~?ci al session, in the Emma
J. Harvat Hall, City Hall, Iowa City, Iowa, at 7: 00 o'clock 2_.M., on the above date.
There were present Mayor Lehm~_n , in the chair, and the following named
Council Members:
Champion, Kanner, Lehman, O'Donnell, Pfab,
Vanderhoef, Wilburn
Absent: None
-1-
The Mayor announced that this was the time and place for the public hearing and
meeting on the matter of the issuance of $3,925,000 General Obligation Bonds in order
to provide funds to pay costs of the construction, reconstruction, and repairing of
improvements to public ways and streets; the construction, improvement, and repair of
bridges; the construction of sanitary sewers and storm water sewers and systems; the
rehabilitation, improvement and equipping of existing city parks; and the equipping of the
fire, police and street departments, essential corporate purposes, and that notice of the
proposed action by the Council to institute proceedings for the issuance of said bonds,
had been published pursuant to the provisions of Section 384.25 of the City Code of
Iowa.
The Mayor then asked the Clerk whether any written objections had been filed by
any city resident or property owner to the issuance of said bonds. The Clerk advised the
Mayor and the Council that no written objections had been filed. The Mayor then
called for oral objections to the issuance of said bonds and throe were made.
Whereupon, the Mayor declared the time for receiving oral and written objections to be
closed.
(Attach here a summat~ of objections
received or made, if any)
-2-
, CENSUS & PROPERTY TAX COMPARISONS
CEDAR .ORT.
IOWA CITY CORALVILLE RAPIDS AMES LIBERTY
CENSUS DATA:
POPULATION - 2000 62,220 15,123 120,758 50,731 5,367
HOUSING DENSITY 26,083 6,754 52,240 18,757 2,977
PEOPLE PER UNIT 2.39 2.24 2.31 2.70 1.80
AREA IN SQ MILES 24.44 10.23 64.41 21.58 6.78
PEOPLE PER ACRE 2,546 1,478 1,875 2,351 792
CITY TAX MILLAGE
2003-2004 17.5987 12.1626 13.0677 9.68 10.25
ADJUST FOR 1%
LOCAL OPTION TAX 2.00
ESTIMATED "REAL MILLAGE" 11.68
EACH 1 MILLAGE DIFFERENCE IS $10.00 IN PROPERTY TAXES PER $1,000 TAXABLE VALUATION
MARION, IOWA 13.4667
MT VERNON, IOWA 12.9935
WEST BRANCH, IOWA 10.4300
WEST DES MOINES, IOWA 11.6021
AMES IOWA - CLAIM TO FAME:
20 BEST PLACES IN AMERICA TO LIVE &
WORK- BESTJOBSUSA.COM
20TH BEST PLACE TO LIVE - MEN'S JOURNAL
6TH OF 496 NATIONALLY BEST SMALL CITY TO DO BUSINESS
AMES LIBRARY RANKED 9TH FOR CITIES THAT SIZE BY AMERICA PUBLIC LIBRARIES
IOWA CITY OFTEN REFERS TO THE "8.1 MILLS LIMIT" FOR THE GENERAL FUND.
THEY FAIL TO MENTION THAT FOR A NUMBER OF YEARS THEY HAVE BEEN LEVYING
.27 MILLS AS AN "EMERGENCY LEVY", THIS IS GENERATING OVER $500,000, AND THIS
AMOUNT IS TRANSFERRED TO THE GENERAL FUND. NET EFFECT 8.37 MILLS.
he .F?cal ~ also includes ~he Debt Total
lha! 'the debt sewice levy FIscal ~eryice Property % of
~.-. / sh~ll not exceed 25% of the city levy ? Year Levy TLY Levy Total Levy
in a one f~a! year' .
; wY~e-le~ M# reach ~s percentage FYe6 t.709 12.9~2 13%
in FY2003. The proposed C,~l~al FYe7 1.200 12.6,f3 t0/.
- ~.~..mlxovement Program (1:'Y2003- FYea 1.S15 12.7~6 13%
2007) W Jn Ihi~ document wiU
cause (he levy k) exceed 1he ~ ~ IJM 13.133 14"/.
mmgin Jn FY2004. The ~Xiov~ng FYO0 2.300 15.8S1 I~/.
chmt ~ ~e Mbt Sen~ce levy as FY01 2.~M] 14.?S7 20%
a Perc:ef~ge o~ Ihe c~ly levy for FY96 FY02 2.94~ 14.850
through FY2006. The kMes tot FY03 4.1~1 16~13
F'Y2004-FY2006 am projectKI. · - - '
° estlmi~e
Debt ~ltYIoe LeYy
Total Proper~Tax Levy
30'/, ~,.,
1~
o 33 o
PROPERTY TAX RATES:
HEADINGS ARE FOR CERTAIN AREAS
IOWA CITY RATIO OF
COLLECTION SCHOOL CITY OF JOHNSON KIRKWOOD STATE OF IOWA CITY
YEAR DISTRICT IOWA CITY COUNTY COLLEGE IOWA TOTAL TO TOTAL
1992-93 11.331 12.826 6.378 0.532 0.005 31.072 41.3%
1993-94 12.334 12.900 6.431 0.539 0.005 32.209 40.1%
1994-95 12.338 12.954 6.431 0.530 0.005 32,258 40,2%
1995-96 12.634 12.992 5.790 0.593 0.005 32.014 40.6%
1996-97 12.130 12.653 5.515 0.589 0.005 30.892 41,0%
1997-98 12,220 13.050 5.414 0.595 0.005 31.284 41.7%
1998-99 12.075 13.133 5.747 0.567 0.005 31.527 41.7%
1999-00 11.690 13.851 5.947 0,613 0.005 32.112 43.1%
2000-01 11.833 14.757 5.901 0.607 0.005 33.104 44.6% CORALVlLLE
2001-02 12.210 14.850 5.802 0.607 0.005 32.803 45.3% CORALVILLE TOTAL
2002-03 12.865 16.813 5.788 0.663 0.004 35.754 47.0% 11.8199 31.011
2003-04 17.618 5.825 0.679 0.004 37.506 47.0% 12.1600 31.986
2004-05 17.548 ESTIMATED
2005-06 18.357 ESTIMATED
CITY OF IOWA CITY -
GENERAL OBLIGATION - MULTIPURPOSE BONDS:
OUTSTANDING DEBT
FISCAL DEBT SERVICE
YEAR AS OF JULY 1 LEVY
FY97 $ 29,430,000 1.200
FY98 31,390,000 1.615
FY99 41,675,000 1.868
FY00 46,165,000 2.300
FYO1 41,190,000 2.990
FYO2 61,565,000 2.945 INCLUDES LIBRARY $18,400,000
FY03 85,260,000 4.161
*FY04 88,800,000 4.595
*FY05 95,658,000 4.308
*FY06 92,396,000 4.845
*ESTIMATED
NOTE THE $23,695,000 NET INCREASE IN FY03
-11 -
The Mayor announced that this was the time for meeting on the matter of the
issuance of not to exceed $360,000 of general obligation bonds in order to provide funds
to pay costs of targeted area housing rehabilitation improvements; improvements to Fire
Station No. 4; and the acquisition of art for public buildings and areas, general corporate
purposes; and that notice of the proposal to issue said bonds and the right to petition for
an election had been published as provided by Section 384.26, of the City Code of Iowa;
and, the Mayor then asked the Clerk whether any petition had been filed in the Clerk's
Office, as contemplated in Section 384.26 of the City Code of Iowa, and the Clerk
reported that no such petition had been filed, requesting that the question of issuing said
bonds be submitted to the qualified electors of the City.
Whereupon, the Mayor declared the hearing on the issuance of said bonds to be
closed.
-3-
The Mayor announced that this was the time for meeting on the matter of the
issuance of not to exceed $ 585,000 of general obligation bonds in order to provide funds
to pay costs of equipping and remodeling of city buildings, offices and recreation centers,
a general corporate purpose; and that notice of the proposal to issue said bonds and the
right to petition for an election had been published as provided by Section 384.26, of thc
City Code of Iowa; and, the Mayor then asked the Clerk whether any petition had been
filed in the Clerk's Office, as contemplated in Section 384.26 of the City Code of Iowa,
and the Clerk reported that no such petition had b~en filed, requesting that the question
of issuing said bonds be submitted to the qualified eIe~tors of the City.
Whereupon, the Mayor declared the hearing on the issuance of said bonds to be
dosed.
The Mayor announced that this was the fume for meeting on the matter of the
issuance of not to exceed $700,000 of general obligation bonds in order to provide funds
to pay costs of the acquisition and construction of a transit intermodal facility, a general
corporate purpose, and that notice of the proposal to issue said bonds and the fight to
petition for an election had been published as provided by Section 384.26, of the City
Code of Iowa; and, the Mayor then asked the Clerk whether any petition had been filed
in the Clerk's Oftiee, as contemplated in Section 384.26 of the City Code of Iowa, and
the Clerk reported that no such petition had been filed, requesting that the question of
issuing said bonds be submitted to the qualified electors of the City.
Whereupon, the Mayor declared the hearing on the issuance of said bonds to be
closed.
-5-
NOTICE OF MEETING OF THE COUNCIL OF THE CITY OF IOWA
CITY, IOWA, ON THE MATTER OF THE PROPOSED ISSUANCE OF
NOT TO EXCEED $360,000 PRINCIPAL AMOUNT OF GENERAL
OBLIGATION BONDS (FOR A GENERAL CORPORATE PURPOSE),
AND HEARING ON ISSUANCE OF SAID BONDS
Public Notice is hereby given that the Council of the City of Iowa City, Iowa, will
hold a public hearing on the 28th day of October, 2003, at 7:00 p.m. o'clock P.M., in the
Emma J. Harvat Hall, Civic Center, Iowa City, Iowa, at which meeting the Council
proposes to take action for the issuance of not to exceed $360,000 of General Obligation
Bonds, bearing interest at the rate of not to exceed 9 per centum per annum, said bonds to
be issued for the purpose of providing funds to pay costs of targeted area housing
rehabilitation improvements; improvements to Fire Station No. 4; and the acquisition of
art for public buildings and areas.
This Notice is given by order of the Council of the City of Iowa City, Iowa, as
provided by Section 384.26 of the City Code of Iowa.
At any time before the date of said meeting, a petition, asking that the question of
issuing such bonds be submitted to the legal voters of said City, may be filed with the
Clerk of said City in the manner provided by Section 362.4 of the City Code of Iowa,
pursuant to the provisions of Section 384.26 of the City Code of Iowa.
Dated at Iowa City, Iowa, this 16th day of October, 2003.
s/Marian K. Kart
City Clerk of Iowa City, Iowa
(End of Notice)
NOTICE OF MEETING OF THE COUNCIL OF THE CITY OF IOWA
CITY, IOWA, ON THE MATTER OF THE PROPOSED ISSUANCE OF
NOT TO EXCEED $585,000 PRINCIPAL AMOUNT OF GENERAL
OBLIGATION BONDS (FOR A GENERAL CORPORATE PURPOSE),
AND HEARING ON ISSUANCE OF SAID BONDS
Public Notice is hereby given that the Council of the City of Iowa City, Iowa, will
hold a public hearing on the 28th day of October, 2003, at 7:00 o'clock P.M., in the Emma
J. Harvat Hall, Civic Center, Iowa City, Iowa, at which meeting the Council proposes to
take action for the issuance of not to exceed $585,000 of General Obligation Bonds,
bearing interest at the rate of not to exceed 9 per centum per annum, said bonds to be
issued for the purpose of providing funds to pay costs of equipping and remodeling of
city buildings, offices and recreation centers.
This Notice is given by order of the Council of the City of Iowa City, Iowa, as
provided by Section 384.26 of the City Code of Iowa.
At any time before the date of said meeting, a petition, asking that the question of
issuing such bonds be submitted to the legal voters of said City, may be filed with the
Clerk of said City in the manner provided by Section 362.4 of the City Code of Iowa,
pursuant to the provisions of Section 384.26 of the City Code of Iowa.
Dated at Iowa City, Iowa, this 16th day of October, 2003.
s/Marian K. Karr
City Clerk of Iowa City, Iowa
(End of Notice)
NOTICE OF MEETING OF THE COUNCIL OF THE CITY OF IOWA
CITY, IOWA, ON THE MATTER OF THE PROPOSED ISSUANCE OF
NOT TO EXCEED $700,000 PRINCIPAL AMOUNT OF GENERAL
OBLIGATION BONDS (FOR A GENERAL CORPORATE PURPOSE),
AND HEARING ON ISSUANCE OF SAID BONDS
Public Notice is hereby given that the Council of the City of Iowa City, Iowa, will
hold a public hearing on the 28th day of October, 2003, at 7:00 o'clock P.M., in the Emma
J. Harvat Hall, Civic Center, Iowa City, Iowa, at which meeting the Council proposes to
take action for the issuance of not to exceed $700,000 of General Obligation Bonds,
bearing interest at the rate of not to exceed 9 per centum per annum, said bonds to be
issued for the purpose of providing funds to pay costs of the acquisition and construction
of a transit intermodal facility.
This Notice is given by order of the Council of the City of Iowa City, Iowa, as
provided by Section 384.26 of the City Code of Iowa.
At any time before the date of said meeting, a petition, asking that the question of
issuing such bonds be submitted to the legal voters of said City, may be filed with the
Clerk of said City in the manner provided by Section 362.4 of the City Code of Iowa,
pursuant to the provisions of Section 384.26 of the City Code of Iowa.
Dated at Iowa City, Iowa, this 16th day of October, 2003.
s/Marian K. Karr
City Clerk of Iowa City, Iowa
(End of Notice)