Certain proceeds of the Series 2018A Bonds remain unspent and City staff recommends that $672,000 of said unspent proceeds be applied for the purpose of paying costs of public safety purposes, including a firing range for the police department. 

There is no procedure specified under Iowa law for consideration of approval of such reallocation. It is hereby determined, pursuant to Section 364.6 of the Code of Iowa, that the procedure set forth in Section 384.25 should apply and that a hearing be held upon the proposal to reallocate unspent proceeds to provide funds for paying costs of public safety projects.