NOTICE OF PROPOSED ACTION TO INSTITUTE PROCEEDINGS TO ENTER INTO A LOAN AGREEMENT IN A PRINCIPAL AMOUNT NOT TO EXCEED $41,000 AND PROVIDING A LEVY OF TAXES TO PAY SAME The City Council of Pisgah …

Posted

NOTICE OF PROPOSED ACTION TO INSTITUTE PROCEEDINGS TO ENTER INTO A LOAN AGREEMENT IN A PRINCIPAL AMOUNT NOT TO EXCEED $41,000 AND PROVIDING A LEVY OF TAXES TO PAY SAME The City Council of Pisgah shall meet on the 20th of April, 2023, at the City Hall; 106 E Main St, Pisgah, IA 51564, at 6:00 p.m., for the purpose of instituting proceedings and taking action to enter into a loan agreement in a principal amount not to exceed $41,000 each for expenses related to any essential corporate purpose under Chapter 384 of the Code of Iowa. 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. At that time and place, oral or written objections may be filed or made to the proposal to enter into the Loan Agreement. After receiving objections, the City may determine to enter into the Loan Agreement, in which case, the decision will be final unless appealed to the District Court within fifteen (15) days thereafter. By order of the City Council of the City of Pisgah, Iowa. MVTN 4-5-23