Background/Discussion
Issuance of not to exceed $23,500,000 General Obligation Bonds, in order to provide funds to pay the costs of the following essential corporate purposes:
a) The acquisition, construction, reconstruction, and improvement of real and personal property, useful for the reclamation of property situated within the corporate limits of cities from floods or high waters, including the construction of levees, embankments, structures, impounding reservoirs, or conduits, and the development and beautification of the banks and other areas adjacent to flood control improvements; the acquisition, construction, reconstruction, extension, and improvement for collection and disposal of surface waters and streams;
b) The acquisition, construction, reconstruction, improvement, repair, and equipping of waterworks, water mains, and extensions, and real and personal property, useful for providing potable water to residents of the city;
c) The acquisition, restoration, or demolition of abandoned, dilapidated, or dangerous buildings, structures or properties or the abatement of a nuisance;
d) The equipping of the police and fire department;
e) The rehabilitation and improvement of parks already owned, and facilities, equipment, and improvements commonly found in city parks, and that notice of the proposal to issue the Bonds had been published as provided by Section 384.25 of the Code of Iowa.