Financing the purchase of property, construction of improvements or refinancing of existing indebtedness through traditional bond financing would be impractical;

Financing the purchase of property, construction of improvements or refinancing of existing indebtedness through traditional bond financing could not be completed within the time restraints facing the village; or

Financing the purchase of property, construction of improvements or refinancing of existing indebtedness through direct borrowing would generate taxpayer savings over traditional bond financing, and

That the Board of Trustees certifies that the direct borrowing of funds for purchase of the property through traditional bond financing would be impractical, or not be completed within the time restraints facing the Village for acquisition of the property. 

That public notice for the meeting this resolution was acted upon, was provided and a clear notation that this resolution authorizing direct borrowing from a financial institution did appear on the agenda.

 

That the amount of indebtedness for the purchase of the property to be acquired and described below shall be $95,000.00 at 2.75% interest for a period of four years payable in the following installments: $23,750.00 on October 15, 2016, $23,750.00 on October 15, 2017, $23,750.00 on October 15, 2018 and $23,750.00 on October 15, 2019.

That said indebtedness does not exceed twenty percent (20%) of the municipal budget of the Village.

That prior to approving this resolution, the Village did consider, to the extent possible, proposals from multiple financial institutions and determined to borrow the funds directly from the Bank of Mead, Mead, Nebraska, a financial institution included in the definition provided for in the findings set forth above.

That the funds shall be used to acquire the following described property:  THAT PART OF TRACT 5 IN THE SOUTHWEST QUARTER OF THE NORTHEAST QUARTER OF SECTION 35, TOWNSHIP 15 NORTH, RANGE 8 EAST OF THE SIXTH PRINCIPAL MERIDIAN, VILLAGE OF MEAD, SAUNDERS COUNTY, NEBRASKA; DESCRIBED AS BEGINNING AT THE SOUTHWEST CORNER OF SAID TRACT 5; THENCE N00º00’00”E (ASSUMED BEARING), ON THE WEST LINE OF TRACT 5, A DISTANCE OF 401.65 FEET TO THE SOUTHWEST CORNER OF LOT 2,  MOORE’S ADDITION TO THE VILLAGE OF MEAD; THENCE N61º00’43”E, ON THE SOUTH LINE OF SAID LOT 2; A DISTANCE OF 290.43 FEET; THENCE N43º04’22”E, ON THE SOUTH LINE OF SAID LOT 2; A DISTANCE OF 68.76 FEET; THENCE N28º20’33”E, ON THE SOUTH LINE OF SAID LOT 2, A DISTANCE OF 48.42 FEET; THENCE N01º45’10”E, ON THE SOUTH LINE OF SAID LOT 2; A DISTANCE OF 34.52 FEET; THENCE S87º51’12”E, ON THE SOUTH LINE OF SAID LOT 2; A DISTANCE OF 17.87 FEET TO A POINT ON THE EAST LINE OF TRACT 5, SAID POINT ALSO BEING ON THE WEST RIGHT-OF-WAY OF OAK STREET; THENCE S01º45’10”W, ON THE EAST LINE OF TRACT 5 AND SAID WEST RIGHT-OF-WAY,  A DISTANCE OF 622.42 FEET TO THE SOUTHEAST CORNER OF TRACT 5, SAID POINT ALSO BEING ON THE NORTH RIGHT-OF-WAY OF THE UNION PACIFIC RAILROAD; THENCE S81º46’37”W, ON THE SOUTH LINE OF TRACT 5 AND SAID NORTH RIGHT-OF-WAY, A DISTANCE OF 326.87 FEET TO THE POINT OF BEGINNING; CONTAINING A COMPUTED AREA OF 3.64 ACRES MORE OR LESS.

 

Motion by Havelka, second by Wielage to waive the $200.00 per subdivision fee to Mead Public Schools.  Vote:  Wielage-no, Wimer-yes, Felty-yes, Guyle-yes, Havelka-no; motion carried 3-2.

 

Motion by Havelka, second by Wielage to enter Executive Session at 8:20 p.m. to discuss the result of litigation ruling.  Vote:  Wimer-yes, Felty-yes, Guyle-yes, Havelka-yes, Wielage-yes; motion carried 5-0.

 

Motion by Havelka, second by Wielage to return to Regular Session at 8:28 p.m.  Vote:  Felty-yes, Guyle-yes, Havelka-yes, Wielage-yes, Wimer-yes; motion carried 5-0.

 

Motion by Wielage, second by Guyle to adjourn at 8:28 p.m.  Vote:  Guyle-yes, Havelka-yes, Wielage-yes, Wimer-yes, Felty-yes; motion carried 5-0.

 

Shawn Havelka, Chairman

June Moline, Clerk