Board of Supervisors

Webster County Board of Supervisors
Fort Dodge, IA 50501

 

Board of Supervisiors Meeting
Tuesday November 27, 2012

10:00 a.m. Board of Supervisors' Room
Webster County Courthouse

The Board of Supervisors met in Session on the above date with the following members present:  Singer, Dencklau, Peterson, and Condon.  Absent:   Fletcher.

Moved by Peterson, seconded by Condon to approve minutes of the November 20, 2012 regular meeting.  Motion carried unanimously.

Moved by Condon, seconded by Dencklau to receive and place on file the following Drainage Repairs:  D.D.#5, Lateral 7; D.D.#234; and D.D.#2.  Motion carried unanimously.

Moved by Dencklau, seconded by Peterson to adopt the following:

RESOLUTION APPOINTING BANKERS TRUST COMPANY OF DES MOINES, IOWA, TO SERVE AS PAYING AGENT, NOTE REGISTRAR, AND TRANSFER AGENT, APPROVING THE PAYING AGENT AND NOTE REGISTRAR AND TRANSFER AGENT AGREEMENT AND AUTHORIZING THE EXECUTION OF THE AGREEMENT

            WHEREAS, $1,340,000 General Obligation Capital Loan Notes, Series 2012, dated December 12, 2012, have been sold and action should now be taken to provide for the maintenance of records, registration of certificates and payment of principal and interest in connection with the issuance of the notes; and

            WHEREAS, this Board has deemed that the services offered by Bankers Trust Company of Des Moines, Iowa, are necessary for compliance with rules, regulations, and requirements governing the registration, transfer and payment of registered notes; and

            WHEREAS, a Paying Agent, Note Registrar and Transfer Agent Agreement (hereafter “Agreement”) has been prepared to be entered into between the County and Bankers Trust Company.

            NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF WEBSTER COUNTY, STATE OF IOWA:

            Section 1.    That Bankers Trust Company of Des Moines, Iowa, is hereby appointed to serve as Paying Agent, Note Registrar and Transfer Agent in connection with the issuance of $1,340,000 General Obligation Capital Loan Notes, Series 2012, dated December 12, 2012.
            Section 2.    That the Agreement with Bankers Trust Company of Des Moines, Iowa, is hereby approved and the Chairperson and Auditor are authorized to sign the Agreement on behalf of the County.

            PASSED AND APPROVED this 27th day of November, 2012.

s/ Robert H Singer                  
Chairperson

ATTEST:
s/Carol Messerly                    
County Auditor

Motion carried unanimously.

Moved by Peterson, seconded by Condon to adopt the following:

RESOLUTION APPROVING AND AUTHORIZING A FORM OF LOAN AGREEMENT AND AUTHORIZING AND PROVIDING FOR THE ISSUANCE OF $1,340,000 GENERAL OBLIGATION CAPITAL LOAN NOTES, SERIES 2012, AND LEVYING A TAX TO PAY THE NOTES

            WHEREAS, the Issuer is a political subdivision duly organized and existing under and by virtue of the laws and Constitution of the State of Iowa; and

            WHEREAS, the County is in need of funds to pay costs of aiding in the planning, undertaking and carrying out of an urban renewal project, including funds to be loaned to the City of Fort Dodge to fund the oversizing of sewer and water services to accommodate future expansion of the County’s Industrial Park, a general county purpose, and it is deemed necessary and advisable that a form of Loan Agreement be approved and authorized and General Obligation Notes in the amount of $1,340,000, be issued for that purpose; and                  
           
            WHEREAS, the County has a population of more that 20,000 but not more than 50,000; and

            WHEREAS,  pursuant to notice published as required by Sections 331.402, 331.441, and 331.443 of the Code, the Board of Supervisors of the County has held public meeting and hearing upon the proposal to institute proceedings for the issuance of not to exceed $1,500,000 General Obligation Capital Loan Notes, Series 2012, for a general corporate purpose, in the amount as above set forth, and, no petition for referendum having been received, the Board is therefore now authorized to proceed with the issuance of the Notes:                                                                                          

            NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF WEBSTER COUNTY, STATE OF IOWA:
            Levy and Certification of Annual Tax; Other Funds to be Used.  That for the purpose of providing funds to pay the principal and interest of the notes hereinafter authorized to be issued, there is hereby levied for each future year the following direct annual tax on all of the taxable property in Webster County, State of Iowa, to-wit:

                                                                                                                FISCAL YEAR (JULY 1 TO JUNE 30)
                                AMOUNT                                                                               YEAR OF COLLECTION      

                                $146,102                                                                                 2013/2014
                                $143,860                                                                                 2014/2015
                                $143,210                                                                                 2015/2016
                                $142,430                                                                                 2016/2017
                                $146,455                                                                                 2017/2018
                                $145,240                                                                                 2018/2019
                                $143,755                                                                                 2019/2020
                                $147,000                                                                                 2020/2021
                                $144,900                                                                                 2021/2022              
                                $142,520                                                                                 2022/2023
(NOTE:  For example the levy to be made and certified against the taxable valuations of January 1, 2012, will be collected during the fiscal year commencing July, 2013). (Full body of text on file in Auditor’s office).
           
            PASSED AND APPROVED this 27th day of November, 2012.                               

s/Robert H Singer                
Chairperson

ATTEST:
s/Carol Messerly                   
County Auditor

Motion carried unanimously.

Moved by Condon, seconded by Dencklau to approve Tax Exemption Certificate, relating to the issuance of $1,340,000 General Obligation Capital Loan Notes.  (Copy on file in Auditor’s office).  Motion carried unanimously.

Moved by Dencklau, seconded by Peterson to approve Continuing Disclosure Certificate relating to the issuance of $1,340,000 General Obligation Capital Loan Notes.  (Copy on file in Auditor’s office).  Motion carried unanimously.

Moved by Peterson, seconded by Condon to approve 2012 Weed Commissioner’s Report.  (Copy on file in Auditor’s office).  Motion carried unanimously.

Moved by Condon, seconded by Dencklau to approve and authorize Chair to sign permit application from MidAmerican Energy to span overhead electric transmission line across 250th Street to Star Energy at 2148 250th Street in Section 24, Elkhorn Township.  (Copy on file in Engineer’s office).  Motion carried unanimously.

Moved by Dencklau, seconded by Peterson to receive and place on file salary increase for Ryan Weidemann to $66,402.00, effective December 17, 2012, per Engineer’s Office Salary Schedule.  Motion carried unanimously.

Moved by Peterson, seconded by Condon to approve and authorize transfer from Rural Basic Fund to Secondary Road Fund in the amount of $1,050,000, per Fiscal Year 2012-2013 Budget.  Motion carried unanimously.

Moved by Condon, seconded by Dencklau to approve and authorize transfer from General Basic Fund to Secondary Road Fund in the amount of $50,000, per Fiscal Year 2012-2013 Budget. Motion carried unanimously.

Public Hearing was held on the final consideration of the adoption of   Webster County Ordinance 050: Flood Plain Management Plan; an ordinance protecting and preserving the rights, privileges and property of the county or of its residents, and to preserve and improve the peace, safety, health, welfare, comfort and convenience of its residents.  No written or oral comments or objections being heard, Chairman Singer closed the public hearing.

Moved by Peterson, seconded by Condon to approve final consideration adopt Webster County Ordinance 050: Flood Plain Management Plan; an ordinance protecting and preserving the rights, privileges and property of the county or of its residents, and to preserve and improve the peace, safety, health, welfare, comfort and convenience of its residents. Roll call vote:  Ayes – Peterson, Condon, Dencklau and Singer. Nays: None.  Motion carried.

Moved by Condon, seconded by Dencklau to adjourn the meeting.  Motion carried unanimously.