| | | | | | | | Council Communication
Department: Finance
Case/Project No.:
Submitted by: Finance Department | Resolution 19-260 A & B
ITEM 5.A. | Council Action: 11/18/2019 |
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| | | | | | | | Description
19-260A - Resolution ratifying, confirming and approving publication of Notice of Public Hearing on the proposition of the application of excess bond proceeds.
19-260B - Resolution instituting proceedings to take additional action for the application of excess bond proceeds of the General Obligation Bond, Series 2016A. |
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| | | | | | | | Background/Discussion
The City of Council Bluffs, Iowa, proposes to take additional action for the application of not to exceed $362,000 of the general corporate purpose portion of the bond proceeds of the General Obligation Bonds, Series 2016A, dated December 13, 2016, for the additional essential corporate purpose of construction, reconstruction and improvement of real and personal property useful for the protection or reclamation of property within the corporate limits of the city from floods or high waters. |
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| | | | | | | | Recommendation
The resolution be approved. |
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