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HomeMy Public PortalAboutResolution 2011-16, A Resolution Authorizing & Approving the Official Statement for the $2,115,000 General Obligation Captial Loan Notes, Series 2011`~ ;;~ { March 15, 2011 The City Council of the City of Riverdale, State of Iowa, met in A.~~ ,Dr~1~_ session, in the Council Chambers, C'ty Hall, 110 Manor Drive, Rive dale, Iowa 52722- 364, at °~ o'clock ~ .M., on the above date. There were present Mayor , in the chair, and the following named Council Members: Absent: ******* -1- ~~`' Council Member ~ 1~-~~~` presented and recommended approval of the Official Statement for th $2 11 5,000 General Obligation Capital Loan Notes, Series 2011, prepared by Piper Jaffray & Co., which has been prepared in cooperation with the City Clerk and distributed to the Council for review and comment prior to this meeting. ~ \ , ~~ Council Member ~~ ~l introduced the fo owing Resolution and moved its adoption. Council Member ~~econded the motion to adopt. The roll was called and the vote was: AYES: ~_ ~ NAYS: The Mayor declared the following Resolution adopted: RESOLUTION AUTHORIZING AND APPROVING THE OFFICIAL STATEMENT FOR THE $2,115,000 GENERAL OBLIGATION CAPITAL LOAN NOTES, SERIES 2011 BE IT RESOLVED: The use by Piper Jaffray & Co., of the Official Statement for the General Obligation Capital Loan Notes, in connection with the sale of the Notes, is hereby authorized and approved. All actions heretofore taken with respect to the preparation and use of the Official Statement are hereby approved. The City Clerk is authorized to cooperate in the completion of the Official Statement and is authorized to sign the Official Statement and deliver necessary certificates to indicate such approval and to comply with SEC Rule 15c2-12. Piper Jaffray & Co. is directed to provide for the publication and circulation of the Official Statement in substantially the form now before this Council with such changes as may be approved by the City Clerk, as directed by bond counsel. -2- 0 PASSED AND APPROVED this 15`t' day of March, 201 1. ay r ATTEST: City Clerk -3- CERTIFICATE STATE OF IOWA ) SS COUNTY OF SCOTT ) I, the undersigned City Clerk of the City of Riverdale, State of Iowa, do hereby certify that attached is a true and complete copy of the portion of the corporate records of the City showing proceedings of the City Council, and the same is a true and complete copy of the action taken by the Council with respect to the 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 the 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 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 the 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 the City hereto affixed this ~ day of ~~~ , 2011. City Clerk, City of Riverdale, State of Iowa (SEAL) 686468.1 / 22647.001