• CITY OF CAMANCHE NOTICE OF H...

CITY OF CAMANCHE

NOTICE OF HEARING ON A LOAN

AGREEMENT IN A
PRINCIPAL AMOUNT NOT TO EXCEED $400,000



(GENERAL OBLIGATION

COMMUNITY CENTER)



The City Council of the City of Camanche, Iowa, will meet on January 16, 2018, at the City Hall, Camanche, Iowa, at 6 o’clock p.m., for the purpose of holding a hearing on a loan agreement (the “Loan Agreement”) in a principal amount not to exceed $400,000 for the purpose of financing a portion of the cost of constructing a community center and parking lot.



The Loan Agreement is proposed to be entered into pursuant to authority contained in Section 384.24A of the Code of Iowa and will constitute a general obligation of the City.



The maximum rate of interest which may be payable under the Loan Agreement is 7% per annum.



At any time before the date fixed for taking action to enter into the Loan Agreement, a petition may be filed with the City Clerk of the City asking that the question of entering into the Loan Agreement be submitted to the registered voters of the City, pursuant to the provisions of Section 384.26 of the Code of Iowa.



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



Sheryl Jindrich

City Clerk
Published: January 5, 2018
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