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Home My Public Portal AboutResolutions-2014-062Tiffin/436989-IO/ Set Date Amend UR Area RESOLUTION NO. 2014-062 Setting date for public hearing on urban renewal plan amendment WHEREAS, the City Council of the City of Tiffin, Iowa (the "City") by resolution previously created the Tiffin Urban Renewal Area (the "Urban Renewal Area") and adopted an urban renewal plan (the "Plan") for the governance of projects and initiatives therein; and WHEREAS, an amendment to the Plan (the "Amendment") has been prepared which would facilitate the undertaking of new 'urban renewal projects in the Urban Renewal Area consisting of (i) using tax increment financing to the pay the costs of paving the unpaved portion of Jasper Avenue; (ii) using tax increment financing to the pay the costs of installing a splash pad at City Park; (iii) using tax increment financing to support Hart Dentistry in the development of new dental office facilities; (iv) using tax increment financing to pay the costs of certain streetscape improvements necessary for the Prairie Trail West development project; and (v) using tax increment financing to pay the costs of constructing turn lanes on Highway 6 near its intersection with Jasper Avenue, and it is now necessary that a date be set for a public hearing on the Amendment; NOW, THEREFORE, Be It Resolved by the City Council of the City of Tiffin, Iowa, as follows: . Section 1. This City Council will meet at City Hall, 300 Railroad, Tiffin, Iowa, on the 11th day of June, 2014, at 7:00 p.m., at which time and place it will hold a public hearing on the proposed Amendment. Section 2. The City Clerk shall publish notice of said hearing, the same being in the form attached hereto, which publication shall be made in a legal newspaper of general circulation in Tiffin, which publication shall be not less than four (4) nor more than twenty (20) days before the date set for hearing. Section 3. Pursuant to Section 403.5 of the Code of Iowa, the City Administrator is hereby designated as the City's representative in connection with the consultation process which is required under that section of the urban renewal law. Passed and approved May 14, 2014. 1 Mayor Attest: City Clerk -2- DORSEY & WHITNEY LLP, ATTORNEYS, DES MOINES, IOWA Tiffin/436989-10/ Set Date Amend UR Area SET DATE FOR HEARING ON URBAN RENEWAL PLAN AMENDMENT 436989-10 Tiffin, Iowa May 14, 2014 The Council of the City of Tiffin, Iowa, met on May 14, 2014, at 7:00, p.m., at City Hall, 300 Railroad Street, in the City, for the purpose of setting a date for a public hearing on a proposed urban renewal plan amendment. The Mayor presided and the roll being called, the following members of the Council were present and absent: Present: Kahler, Ryan, Petersen, Bartels, Upton Absent: None. The Mayor announced that an' amendment to the urban renewal plan of the Tiffin Urban Renewal Area- had been prepared, and that it was now necessary to set a date for a public hearing on the proposed amendment to the urlian renewal plan. Accordingly, Council Member Upton moved the adoption of the following resolution entitled "Resolution setting date for a public hearing on urban renewal plan amendment," and the motion was seconded 6y Council Member Bartels. Following due consideration, the Mayor put the question on the motion and the roll being called, the following named Council Members voted: Ayes: Kahler, Ryan, Petersen, Bartels, Upton Nays: None. Whereupon, the Mayor declared the resolution duly adopted as follows: I -1- DORSEY & WHITNEY LLP, ATTORNEYS, DES MOINES, IOWA I Tiffin/436989-IO/ Set Date Amend UR Area NOTICE OF PUBLIC HEARING ON PROPOSED URBAN RENEWAL PLAN AMENDMENT Notice Is Hereby Given: That at 7:00 p.m., at City Hall, 300 Railroad Street, Tiffin, Iowa, on the 11th day of June, 2014, the City Council of the City of Tiffin, Iowa, will hold a public hearing on the question of amending the urban renewal plan for the Tiffin Urban Renewal Area to facilitate the undertaking of new urban renewal projects consisting of (i) using tax increment financing to the pay the costs of paving the unpaved portion of Jasper Avenue; (ii) using tax increment financing to the pay the costs of installing a splash pad at City Park; (iii) using tax increment financing to support Hart Dentistry in the development of new derital office facilities; (iv) using tax increment financing to pay the costs of certain streetscape,improvements necessary for the Prairie Trail West development project; and (v) using tax increment financing to pay the costs of constructing turn lanes on Highway 6 near its intersection with Jasper Avenue. A copy of the amendment is on file for public inspection in the office of the City Clerk. At said hearing any interested person may file written objections or comments and may be heard orally with respect to the subject matters of the hearing. Michon Jackson City Clerk -3- DORSEY & WHITNEY LLP, ATTORNEYS, DES MOINES, IOWA Tiffin/436989-10/ Set Date Amend UR Area . . . On motion and vote the meeting adjourned. Mayor Attest: r ity Cler -4- DORSEY & WHITNEY LLP, ATTORNEYS, DES MOINES, IOWA Tiffin/436989-10/ Set Date Amend UR Area STATE OF IOWA COUNTY OF JOHNSON SS: CITY OF TIFFIN I, the undersigned, City Clerk of the City of Tiffin do hereby certify that pursuant to the resolution of its City Council fixing a date of public hearing on a proposed urban renewal plan amendment, the notice, of which the printed slip attached to the publisher's affidavit hereto attached is a true and complete copy, was published on the date and in the newspaper specified in such affidavit, which newspaper has a general circulation in the City, and copies were sent to the county and school district. WITNESS my hand this 14th`day of May, 2014. 7/;;�Y,4r W-� City Clerk V--� (Attach here publisher's affidavit of publication• of notice.) - (PLEASE NOTE: This certificate- must not be dated until the publication has been made and you have reviewed it to be sure that the notice was published on the date indicated in the attached affidavit.) -5- DORSEY & WHITNEY LLP, ATTORNEYS, DES MOINES, IOWA Tiffin/436989-10/ Set Date Amend UR Area STATE OF IOWA COUNTY OF JOHNSON SS: CITY OF TIFFIN I, -the undersigned, City Clerk of the City of Tiffin, do hereby certify that as such I have in my possession or have access to the complete corporate'records of the City and of its officers; and that I have carefully compared the transcript hereto attached with those records and that the attached is a true, correct and complete copy of the corporate records relating to the action taken by the City Council preliminary to and in connection with setting a date for public hearing on an urban renewal plan amendment. WITNESS my hand this 14th day of May, 2014. r City Clerk ►l -6- DORSEY & WHITNEY LLP, ATTORNEYS, DES MOINES, IOWA Tiffm/436989-5/SRF Inte"rest Rate Reduction MINUTES TO ADOPT RESOLUTION PROVIDING FOR REDUCTION OF INTEREST RATE FOR WATER REVENUE BONDS Tiffin, Iowa May 14, 2014 The City Council of Tiffin, Iowa, met at City Hall, 300 Railroad Street, in the City, at 7:00 p.m., on May 14, 2014. The meeting was called to order by the Mayor and the roll being called, there Were present the Mayor, and the following named Council Members. Present: Kahler, Ryan, Petersen, Bartels, Upton Absent: None. Council Member Bartels introduced the resolution next hereinafter set out and moved that said resolution be adopted; seconded by Council Member Petersen and after due consideration thereof by the Council, the Mayor put the question on the motion and, the roll being called, the following named Council Members voted: Ayes: Kahler, Ryan, Petersen, Bartels, Upton Nays: None. Whereupon, the Mayor declared the resolution duly adopted, as follows: 1 Tiffin/436989-5/SRF Interest Rate Reduction RESOLUTION NO. 2014-059 Resolution providing for reduction of interest rate for Water Revenue Bonds WHEREAS, $340,000 Water Revenue Bonds, dated February 6, 2004 (the "Bonds"), were issued to the Iowa Finance Authority (the "Lender") by the City of Tiffin, Iowa (the "City"), in connection with a certain loan and disbursement agreement and pursuant to a resolution passed and approved on July 9, 2003 (the "Issuance Resolution"), in order to pay costs of constructing improvements and extensions to the Municipal Waterworks System of the City; and WHEREAS, pursuant to the Issuance Resolution, the Bonds were scheduled to bear interest at the rate of 3.00%; and WHEREAS, the Lender has reduced the interest rate on the Bonds to 1.75%, such reduction to'be calculated from June 1, 2014; and WHEREAS, it is now necessary for the City Council to take action to approve the interest rate reduction; NOW, THEREFORE, Be It and It Is Hereby Resolved and ordered by the City Council of the City of Tiffin, Iowa, as follows: Section 1. The Issuance Resolution and all other documents related to the issuance of the Bonds, are hereby amended to reflect the reduction in interest rate from 3.00% to 1.75%. ' From and after June 1, 2014 the Bonds shall bear interest at 1.75%. Section 2. The Mayor and City Clerk are hereby authorized to take such actions and to execute such documents, with the advice of bond counsel, as may be necessary to carry out the purposes of this Resolution. Section 3. All resolutions or orders or parts thereof, to the extent the same may be in conflict herewith, are hereby repealed. 0) Tiffin/436989-5/SRF Interest Rate Reduction Passed and approved on May 14, 2014. Mayor Attest: f City Clerk Attest: City On motion and vote, the meeting adjourned. Mayor 3 Tiffin/436989-5/SRF Interest Rate Reduction STATE OF IOWA COUNTY OF JOHNSON SS: CITY OF TIFFIN I, the undersigned, City Clerk of the aforementioned City, do hereby certify that the transcript hereto attached is a true, correct and complete copy of all the records of the City's Council relating to the reduction of the interest rate on the City's Water Revenue Bonds, dated February 6, 2004. WITNESS MY HAND this 14th day of May, 2014. a City Clerk 11