Issuance of not to exceed $550,000 General Obligation Bonds, in order to provide funds to pay the costs of:

a) IT improvements at city facilities;

 b) The acquisition, construction, reconstruction, extension, improvement and equipping of city utilities, city enterprises, and public improvements;

 c) The acquisition, construction, reconstruction, enlargement, improvement, and equipping of city halls, police stations, fire stations, libraries, including buildings to be used for any combination of the foregoing purposes,

for general corporate purposes, and that notice of the proposal to issue the Bonds and the right to petition for an election had been published as provided by Section 384.26 of the Code of Iowa.

This is Step 3 of the General Obligation Bonding process, which is to conduct public hearings to approve the bond purposes by project outlined in the FY25-FY29 CIP. It is in the best interest of the City to continue to move forward in the process of proposing the issuance of General Obligation Bonds to satisfy the funding requirements for capital improvement projects for FY25.