Fix Date for a Meeting on the Proposal to Reallocate Certain Unspent Proceeds of the General Obligation Loan Notes, Series 2026A, of Woodbury County, IA and Providing the Publication of Notice Thereof
Resolution No. 14092
WHEREAS, the Board of Supervisors of Woodbury County, Iowa has previously issued its General Obligation Capital Loan Notes, Series 2026A, in the aggregate principal amount of
$1,200,000 (the "Series 2026A Notes"), for costs of i) demolition of abandoned, dilapidated, or dangerous buildings, structures or properties or the abatement of a nuisance including demolition of the old law enforcement center and acquiring, developing, and improving the geographic computer data system including hardware, software and dashboard; (ii) the erection, equipment, remodeling or reconstruction of various public building projects, including the site or grounds thereof, including replacement of an elevator at the Courthouse and replacing or repairing sidewalks at the emergency services building; and equipping various public buildings including software, hardware, fiberoptics and other equipment; and (iii) acquisition and development of land for a public park or other recreation or conservation purpose, including the Little Sioux Road project; and;
WHEREAS, certain proceeds of the Series 2026A Notes remain unspent, and County staff has recommended that not to exceed $264,000 of such unspent proceeds originally related to the Series 2026A Notes (hereinafter referred to as the "Unspent Proceeds") be applied for (i) the erection, equipping, remodeling, reconstruction, additions or extensions of Trosper Hoyt and (ii) the erection, equipping, remodeling or reconstruction of various public building projects, including the site or grounds thereof, including replacement of a freight elevator at the Courthouse; and
WHEREAS, there being no procedure specified under Iowa law for consideration or approval of such a reallocation, it is hereby determined, pursuant to Section 331.301(5) of the Code of Iowa, that the procedure set forth in Section 331.443 should apply and that a hearing be held upon the proposal to reallocate the Unspent Proceeds to provide funds for paying costs of the equipping, remodeling, or reconstruction of public buildings.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF WOODBURY COUNTY, STATE OF IOWA:
Section 1. That this Board meet in the Board Room, County Courthouse, 620 Douglas Street, Sioux City, Iowa, at 4:45 P.M., on the 1st day of September, 2026, for the purpose of taking action on the matter of the proposed reallocation of certain Unspent Proceeds of the Series 2026A Notes to provide funds for paying costs i) the erection, equipping, remodeling, reconstruction, additions or extensions of Trosper Hoyt and (ii) the erection, equipping, remodeling or reconstruction of various public building projects, including the site or grounds thereof, including replacement of a freight elevator at the Courthouse.
Section 2. That the Auditor is hereby directed to cause one publication to be made of notice of said meeting, in a legal newspaper, printed wholly in the English language, published at least once weekly, and having general circulation in said City, said publication to be not less than four nor more than twenty clear days before the date of said public meeting.
Section 3. The notice of the proposed action shall be in substantially the following form:
(To be published between: August 12, 2026 and August 27, 2026)
NOTICE OF MEETING OF THE BOARD OF SUPERVISORS OF WOODBURY COUNTY, STATE OF IOWA, ON THE MATTER OF THE PROPOSED REALLOCATION OF CERTAIN UNSPENT PROCEEDS OF THE GENERAL OBLIGATION CAPITAL LOAN NOTES, SERIES 2026A, OF WOODBURY COUNTY, IOWA, AND THE PUBLIC HEARING THEREON
PUBLIC NOTICE is hereby given that the Board of Supervisors of Woodbury County, State of Iowa, will hold a public hearing on the 1st day of September, 2026, at 4:45 P.M., in the Board Room, County Courthouse, 620 Douglas Street, Sioux City, Iowa, at which meeting the Board proposes to take additional action for the reallocation of Unspent Proceeds of the General Obligation Capital Loan Notes, Series 2026A (the "Series 2026A Notes") of Woodbury County, Iowa, in the aggregate amount of not to exceed $264,000, in order to provide funds to pay costs of the erection, equipping, remodeling, reconstruction, additions or extensions of Trosper Hoyt and (ii) the erection, equipping, remodeling or reconstruction of various public building projects, including the site or grounds thereof, including replacement of a freight elevator at the Courthouse.
Any person interested may appear at the public hearing, either orally or in writing, and be heard as to the reallocation of said proceeds of the Series 2026A Notes for the above purposes.
This notice is given by order of the Board of Supervisors of Woodbury County, State of Iowa, as provided by Sections 331.301(5) and 331.443 of the Code of Iowa, as amended.
Dated this 11th day of August, 2026.
PASSED AND APPROVED this 11th day of August, 2026.
WOODBURY COUNTY BOARD OF SUPERVISORS