Take additional action on the General Obligation Loan Agreements, Combine Loaning Agreements,…

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Recorded in the minutes as: “Moved by Klein, seconded by Mahler to take additional action on the General Obligation Loan Agreements, Combine Loaning Agreements, set a date for sale of General Obligation Corporate Purpose Bonds, Series 2026 and authorize the use of the Preliminary Official Statement. Pursuant to the provisions of Section 384.24A of the Code of Iowa, the City of Perry proposed to enter into an Essential Purpose Loan Agreement in an amount to not exceed $6,775,000 for the purpose of paying the costs, to that extent, of (a) constructing street, water system, sanitary sewer system, storm water drainage and sidewalk improvements; (b) acquiring and installing street lighting, signage and signalization improvements; and (c) undertaking runway improvements at the municipal airport and a General Obligation Corporate Purpose Loan Agreement in an amount to not exceed $405,000 for the purpose of paying the costs, to that extent, of constructing and equipping a public works/snow removal equipment facility, and pursuant to law and duly published notice of the proposed action has held a hearing thereon on February 2, 2026. A Preliminary Official Statement (P.O.S.) was prepared to facilitate the sale of the Bonds, to be issued in evidence of the obligation of the City under the Loan Agreement, and where it was necessary to make provision for the approval of the P.O.S. and to authorize its use by PFM Financial Advisors LLC, as municipal advisor to the City. This Resolution combines the Loan Agreements, authorizes the P.O.S as prepared by PFM Financial Advisors, LLC, and sets the date of sale for the bonds”.

Motion as recorded: “Moved by Klein, seconded by Mahler to take additional action on the General Obligation Loan Agreements, Combine Loaning Agreements, set a date for sale of General Obligation Corporate Purpose Bonds, Series 2026 and authorize the use of the Preliminary Official Statement. Pursuant to the provisions of Section 384.24A of the Code of Iowa, the City of Perry proposed to enter into an Essential Purpose Loan Agreement in an amount to not exceed $6,775,000 for the purpose of paying the costs, to that extent, of (a) constructing street, water system, sanitary sewer system, storm water drainage and sidewalk improvements; (b) acquiring and installing street lighting, signage and signalization improvements; and (c) undertaking runway improvements at the municipal airport and a General Obligation Corporate Purpose Loan Agreement in an amount to not exceed $405,000 for the purpose of paying the costs, to that extent, of constructing and equipping a public works/snow removal equipment facility, and pursuant to law and duly published notice of the proposed action has held a hearing thereon on February 2, 2026. A Preliminary Official Statement (P.O.S.) was prepared to facilitate the sale of the Bonds, to be issued in evidence of the obligation of the City under the Loan Agreement, and where it was necessary to make provision for the approval of the P.O.S. and to authorize its use by PFM Financial Advisors LLC, as municipal advisor to the City. This Resolution combines the Loan Agreements, authorizes the P.O.S as prepared by PFM Financial Advisors, LLC, and sets the date of sale for the bonds”.

The minutes give only the count (unanimously), so individual votes are Not in the record. Vote line as printed: “Motion carried unanimously.”.