Search
  • Admin

NOTICE OF PROPOSED ACTION


NOTICE OF PROPOSED ACTION TO INSTITUTE PROCEEDINGS TO ENTER INTO A LOAN AND DISBURSEMENT AGREEMENT IN A PRINCIPAL AMOUNT NOT TO EXCEED $3,200,000

(SEWER REVENUE)

The City Council of the City of Ackley, Iowa, will meet on August 8, 2018, at the Ackley Civic Center, in the City, at 7 o’clock p.m., for the purpose of instituting proceedings and taking action to enter into a loan and disbursement agreement (the “Agreement”) and to borrow money thereunder in a principal amount not to exceed $3,200,000, for the purpose of paying the cost, to that extent, of planning, designing and constructing improvements and extensions to the City’s Municipal Sanitary Sewer System.

The Agreement will not constitute a general obligation of the City, nor will it be payable in any manner by taxation but, together with any additional obligations of the City as may be hereafter issued and outstanding from time to time ranking on a parity therewith, will be payable solely and only from the Net Revenues of the Municipal Sanitary Sewer System of the City.

At the aforementioned time and place, oral or written objections may be filed or made to the proposal to enter into the Agreement. After receiving objections, the City may determine to enter into the Agreement, in which case, the decision will be final unless appealed to the District Court within fifteen (15) days thereafter.

By order of the City Council of the City of Ackley, Iowa.

Kelly DeBerg City Clerk


22 views0 comments

Recent Posts

See All

REGULAR COUNCIL MEETING AGENDA l May 12th, 2021

CITY OF ACKLEY, IOWA REGULAR COUNCIL AGENDA ACKLEY COUNCIL CHAMBERS Wednesday, May 12, 2021 7:00 p.m. Order of Agenda at the Mayor’s discretion Note: Persons addressing the council with concerns, requ

NOTICE OF INTENT TO FILL VACANCY BY APPOINTMENT

You are hereby notified that the City Council of the CITY OF ACKLEY, Iowa, has a vacancy of the mayor seat previously held by Patricia Daggs. The office of this mayor seat which expires December 31, 2