Anthon City Council
Notice of Meeting
NOTICE OF MEETING OF THE CITY COUNCIL OF THE CITY OF ANTHON, IOWA ON THE MATTER OF THE PROPOSED AUTHORIZATION OF A LOAN AND DISBURSEMENT AGREEMENT AND THE ISSUANCE OF NOT TO EXCEED $1,226,000 WATER REVENUE CAPITAL LOAN NOTES, AND THE PUBLIC HEARING ON THE AUTHORIZATION AND ISSUANCE THEREOF
PUBLIC NOTICE is hereby given that the City Council of the City of Anthon, Iowa, will hold a public hearing on the 10th day of February, 2020, at 5:30 o’clock P.M., in the Council Chambers, City Hall, 301 E. Main Street, Anthon, Iowa 51004, at which meeting the City Council proposes to take additional action for the authorization of a Loan and Disbursement Agreement by and between the City and the Iowa Finance Authority, and the issuance to the Iowa Finance Authority of not to exceed $1,226,000 Water Revenue Capital Loan Notes to evidence the obligations of the City under said Loan and Disbursement Agreement, in order to provide funds to pay the costs of the acquisition, construction, reconstruction, extending, remodeling, improving, repairing and equipping all or part of the Municipal Water System, including those costs associated with the refunding of the Water Revenue Capital Loan Notes Anticipation Project Note, Series 2019, dated March 22, 2019 issued in respect of such costs.
The Notes will not constitute general obligations or be payable in any manner by taxation, but will be payable from and secured by the Net Revenues of the Municipal Water Utility.
At the above meeting the City Council shall receive oral or written objections from any resident or property owner of the City, to the above action. After all objections have been received and considered, the City Council will at this meeting or at any adjournment thereof, take additional action for the authorization of said Loan and Disbursement Agreement and the issuance of Notes or will abandon the proposal to issue the Notes.
This Notice is given by order of the City Council of the City of Anthon, Iowa, as provided by Sections 384.24A and 384.83, as amended.
Dated this 13th day of January, 2020.
City Clerk, City of Anthon, State of Iowa
Published in The Record
Thursday, January 23, 2020