Public Hearing, Animal Control Facility
NOTICE OF PROPOSED ACTION TO INSTITUTE PROCEEDINGS TO ENTER INTO
A LOAN AGREEMENT IN A PRINCIPAL AMOUNT NOT TO EXCEED $450,000
(ANIMAL CONTROL FACILITY)
The City Council of the City of Clive, Iowa, will meet on September 19, 2013, at the CLIVE CITY HALL, Clive, Iowa, at 6:00 o’clock p.m., for the purpose of holding a hearing on a loan agreement (the “Regional Animal Control Facility Loan Agreement”) in a principal amount not to exceed $450,000 for the purpose of financing the City’s participation in a regional animal control facility.
The Regional Animal Control Facility Loan Agreement is proposed to be entered into pursuant to authority contained in Section 384.24A of the Code of Iowa and will constitute a general obligation of the City.
The maximum rate of interest which may be payable under the Regional Animal Control Facility Loan Agreement is 6% per annum.
At any time before the date fixed for taking action to enter into the Regional Animal Control Facility Loan Agreement, a petition may be filed with the City Clerk of the City asking that the question of entering into the Regional Animal Control Facility Loan Agreement be submitted to the registered voters of the City, pursuant to the provisions of Section 384.26 of the Code of Iowa.
By order of the City Council of the City of Clive, Iowa.
Pamela L. Blessman