HomeMy Public PortalAboutAB 07-207 JUDICIAL CONFIRMATINON
McCALL CITY COUNCIL 216 East Park Street
AGENDA BILL McCall, ID 83638
Number AB 07-207
Meeting Date November 8, 2007
AGENDA ITEM INFORMATION
Approvals: Department/ Initials Remarks
SUBJECT:
Committee/Individual (Originator/
Support)
PUBLIC HEARING only:
Mayor / Council
Take Public Comment on whether or not to
City Manager
seek Judicial Confirmation to pay the
Community Development
outstanding balance of the Wausau judgment
Treasurer FQ Originator
Acting Clerk
per the three part plan adopted by Council
Police Department
resolution 07-09
Public Works
Golf Operations
Parks & Recreation
Airport
COST IMPACT: Approximately $6.5M, Revenue
Bond
Library
FUNDING SOURCE: Sewer Fees, Rate
City Attorney
Increase
Grant Coordinator
TIMELINE: Upon Judicial Confirmation
Other: ( )
SUMMARY STATEMENT:
Notice was published on October 18, that the City of McCall will conduct a public hearing today to determine
whether to proceed with the issuance of a Warrant pursuant to Idaho Code Sections 50-1018, 31-2124 and 31-
2125 and Refunding Sewer Revenue Bond(s) pursuant to Idaho Code Sections 50-302, 50-237 and 57-501.,
respectively, for the purpose of the anticipated payment of Judgment(s) in favor of Employers of Wausau and
St. Clair Contractors and whether to consider adoption of a Resolution for the filing of a petition pursuant to the
Idaho Judicial Confirmation Law, Idaho Code, Section 7-1301 et seq., requesting a judicial confirmation of the
power and the authority of the City under the Constitution and laws of Idaho to approve the issuance of a
Warrant(s) pursuant to Idaho Code Sections 50-1018, 31-2124 and 31-2125 and Refunding Sewer Revenue
Bond(s) pursuant to Idaho Code Sections 50-302, 50-237 and 57-501, respectively and to enter into the related
documents in order to provide for the anticipated payment of said Judgments. The Resolution for the filing of a
petition, cited above, is NOT appended to this Agenda Bill. That resolution will be finalized and submitted on
the November 26 agenda.
The Council will make a decision on the Resolution authorizing the filing of the petition for judicial
confirmation at a special meeting on November 26.
Note attachments: (1) Resolution for Warrant, (2) Warrant Refunding Trust Indenture. (These two
documents are drafts only, and will be revised before they are finalized.) (3) Resolution 07-09.
RECOMMENDED ACTION:
Take public comment.
RECORD OF COUNCIL ACTION
Meeting Date ACTION