NOTICE OF PROPOSED ACTION TO INSTITUTE PROCEEDINGS TO ENTER INTO A LOAN AGREEMENT AND TO BORROW MONEY THEREUNDER IN A PRINCIPAL AMOUNT NOT TO EXCEED $3,570,000

posted on 4/1/24

NOTICE OF PROPOSED ACTION TO INSTITUTE PROCEEDINGS TO ENTER INTO A LOAN AGREEMENT AND TO BORROW MONEY THEREUNDER IN A PRINCIPAL AMOUNT NOT TO EXCEED $3,570,000

(GENERAL OBLIGATION)

The Board of Supervisors of Des Moines County, Iowa, will meet on April 9, 2024, at the Des Moines County Courthouse, Burlington, Iowa, at 9:15 a.m., for the purpose of instituting proceedings and taking action to enter into a loan agreement (the “Loan Agreement”) and to borrow money thereunder in a principal amount not to exceed $3,570,000 for the purpose of paying the cost, to that extent, of (a) undertaking information technology improvements for county buildings ($343,375); (b) undertaking maintenance and repairs for county buildings ($150,000); (c) acquiring peace officer communications equipment ($73,000); (d) acquiring insurance for County operations ($2,600,000); (e) acquiring elections system equipment ($100,000); (f) acquiring and installing emergency communications systems equipment ($282,000); and (g) equipping the County Attorney’s office facilities ($20,000).

The Loan Agreement is proposed to be entered into pursuant to authority contained in Sections 331.402, 331.441 and 331.443 of the Code of Iowa and will constitute a general obligation of the County.

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 County 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 Board of Supervisors of Des Moines County, Iowa.

Sara Doty
County Auditor

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