HomeMy Public PortalAboutResolution 00-15 Judicial ConfirmationRESOLUTION NO. 00-15
A RESOLUTION ESTABLISHING THE DATE, TIME, AND PLACE OF A PUBLIC
HEARING TO CONSIDER WHETHER THE CITY COUNCIL OF THE CITY OF McCALL,
IDAHO, SHOULD ADOPT A RESOLUTION AUTHORIZING THE FILING OF A
PETITION FOR JUDICIAL CONFIRMATION UNDER TITLE 7, CHAPTER 13, IDAHO
CODE; APPROVING A FORM OF NOTICE OF HEARING AND DIRECTING THE
PUBLICATION THEREOF; PROVIDING FOR NOTICE BY MAIL TO ANY PERSON
REQUESTING SUCH NOTICE; AND PROVIDING AN EFFECTIVE DATE
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF McCALL,
IDAHO, as follows:
Section 1: A public hearing before the City Council of the
City of McCall, Idaho (the "City"), is hereby called for Thursday,
the 14th day of September, 2000, at 7:00 o'clock P.M., or as soon
thereafter as the matter may be heard, at the City Council meeting
room at the McCall City Hall, 216 E. Park, McCall, Idaho, for the
purpose of considering the adoption by the City Council of a
resolution authorizing the filing of a petition for judicial
confirmation under the Idaho Judicial Confirmation Law, Title 7,
Chapter 13, Idaho Code, seeking judicial confirmation of the
authority of the City (1) to incur an indebtedness as an "ordinary
and necessary expense" of the City authorized by the general laws
of the state within the meaning of Article 8, Section 3 of the
Idaho Constitution, in an amount not to exceed $8,000,000 for the
purpose of financing the cost of necessary improvements to its
water treatment plant facilities; (2) to enter into a loan
agreement with the State of Idaho, Division of Environmental
Quality, to finance a portion of such indebtedness and to issue its
promissory note or other evidence of indebtedness for the same; (3)
to enter into a Loan Agreement and Trust Indenture with U. S. Bank
National Association and to authorize the issuance of certificates
of participation to finance a portion of such indebtedness; and (4)
to pledge the net revenues of its domestic water system for the
payment of such indebtedness.
Section 2: Notice of the public hearing, substantially in the
form which is annexed hereto as Exhibit "A," shall be published
once in The Star -News, the official newspaper of the City, at least
fifteen (15) days prior to the public hearing, in the manner
required by Section 7-1304, Idaho Code.
Section 3: In accordance with Section 7-1304(3), Idaho Code,
as amended, a copy of the notice of public hearing shall be sent by
certified mail, at least fourteen (14) days before the public
Page 1 of 2
August 24, 2000
Resolution 00-15
hearing, by the City Clerk to all persons who request, in writing,
a copy of notice of meetings of the City Council at which a public
hearing will be held to consider a resolution or ordinance
authorizing the filing of a petition for judicial confirmation. If
a request for notice is received within fourteen (14) days of the
public hearing, the City Clerk shall send a copy of the notice by
certified mail as soon as possible after the receipt of such
request.
Section 4: This resolution shall take effect and be in force
from and after its passage and approval.
DATED the 24th day of August, 2000.
CITY OF McCall
Valley County, Idaho
Page 2 of 2
August 24, 2000
Resolution 00-15