The Combined Lake Delhi Recreational Facility and Water Quality District

Special Meeting

Thursday, August 3, 2017

8:30 am

Lake Delhi Trustees Administration Building

Delhi, IA

A special meeting of the Combined Lake Delhi Recreational Facility and Water Quality District was called to order at 8:30 am by President Steve Leonard.

Trustees present: Kramer, Havertape, Leonard, Staebell; Burger, Herman and Gifford by phone

Trustees absent: None

Visitors: Maggie Burger by phone

A motion was made by Staebell, second by Havertape to approve the agenda. Motion carried.

Maggie Burger gave a short presentation on the purpose of the resolution being proposed for approval. The said resolution meets the requirements to finalize the loan agreement for the refunding of bonds.

A motion was made by Herman, second by Kramer to approve Resolution #8.3.17 authorizing and approving a Loan Agreement, Providing for the Issuance of $5,170,000 General Obligation Refunding Bonds, Series 2017, Providing for the Levy of Taxes to Pay the Same and Approving an Escrow Agreement for the Investment of Bond Proceeds. All ayes. Motion carried.

There was no public comment.

Motion by Staebell, second by Havertape to adjourn at 8:40 a.m.