ANKENY CITY COUNCIL

Regular Agenda

March 4, 2019
5 : 30 PM
Gary Lorenz, Mayor
Mark Holm, Mayor Pro tem
Council Members: Bobbi Bentz, Jim McKenna, Kelly Whiting, Kerry Walter-Ashby
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ORIGINATING DEPARTMENT: COUNCIL GOAL:
City Manager High Performing City Organization: Financially Sound, Providing Service Value
ACTION REQUESTED:
Resolution
LEGAL:
Item Reviewed by Legal Counsel
SUBJECT:
Proposed Not to Exceed $3,975,000 General Obligation Bonds (for essential corporate purposes)
EXECUTIVE SUMMARY:

The not to exceed $3,975,000 General Obligation Bonds (for essential corporate purposes) are being proposed to fund the new urban renewal project in the 1989 Ankeny Economic Development Urban Renewal Plan.  This includes the SW Des Moines Street - SW Magazine Road to SW 11th Street Improvements project.
FISCAL IMPACT: Yes
CITY MANAGER'S RECOMMENDATIONS:
PREVIOUS COUNCIL/COMMISSION/BOARD ACTION(S):
Approval of Amendment No. 10 to the 1989 Ankeny Economic Development Urban Renewal Plan.

 

 
PUBLIC OUTREACH EFFORTS:
ACTION REQUESTED:

Action: Consider motion to adopt RESOLUTION fixing date for a meeting on the proposition of the issuance of not to exceed $3,975,000 General Obligation Bonds of the City of Ankeny, State of Iowa (for essential corporate purposes), and providing for publication of notice thereof.
ADDITIONAL INFORMATION:
ATTACHMENTS:
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Resolution