THE CITY OF MONTICELLO, IOWA
RESOLUTION #12-46
Resolution Scheduling Public Hearing on the redirection of certain amounts of the unspent proceeds of the 2011 General Obligation Corporate Purpose Bonds to other Public Purposes, specifically the installation of new outdoor warning sirens.
IN THE NAME AND BY THE AUTHORITY OF THE CITY OF MONTICELLO, IOWA
WHEREAS, the City of Monticello is duly incorporated, organized and exists under and by virtue of the laws and Constitution of the State of Iowa; and
WHEREAS, the City of Monticello is in need of funds to pay costs related to the installation of new outdoor warning sirens, an essential corporate purposes, and it is deemed necessary and advisable that the authorization to redirect certain of the unspent bond proceeds from the 2011 General Obligation Corporate Purpose Bonds, in the maximum amounts of $14,500 from the sums set aside for the Riddle Building demolition project and $52,000 from those set aside for the PW Building construction project, respectively, be redirected to the Warning Siren project, and
WHEREAS, pursuant to the Iowa Code, a notice must be published and a public hearing held before the redirection of said funds.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF MONTICELLO, IOWA, that a public hearing on the redirection of funds from the 2011 General Obligation Corporate Purpose Bonds, in the maximum amounts of $14,500 from the sums set aside for the Riddle Building demolition project and $52,000 from those set aside for the PW Building construction project, respectively, be scheduled for the 2nd day of April, 2012 at 6:00 p.m. at the regularly scheduled City Council meeting set for that date.
IN TESTIMONY WHEREOF, I have hereunto subscribed my name and caused the Great Seal for the City of Monticello, Iowa to be affixed. Done this 19th day of March, 2012.
Dena Himes, Mayor
Attest:
Sally Hinrichsen, City Clerk