Board of Supervisors Minutes
April 20, 2020

The Tama County Board of Supervisors met at 9:30 a.m. April 6, 2020 electronically via Zoom. During the COVID-19 crisis, all future meetings will be held this way until further notice.  To participate/listen/watch the meeting, you may join through Zoom, Meeting ID: 883 806 335, by phone 1 253 215 8782 US or 1 301 715 8592 US.  If you have something you want to put on the agenda for consideration, please call or email the Auditor’s office. 
Present via Zoom:  1st District Supervisor, Larry Vest; 2nd District Supervisor, Kendall Jordan and 3rd District Supervisor, Dan Anderson.

Motion by Jordan, seconded by Vest to approve the minutes of the April 13th regular meeting.   All voted aye.  Motion carried

The Board met with Lyle Brehm, Tama County Engineer, to get a road projects report. 

Heidi Kuhl and Jeff Heil, from Northland Securities, were present via Zoom to discuss the County’s bond issuance for the upcoming 911 Radio/Tower Project and the refunding of bonds already issued for the Vienna wind turbine road projects. 
Motion by Jordan, seconded by Vest for the issuance of the County’s General Obligation E911 Bonds, Series 2020A, and moved its adoption approve the following resolution:
RESOLUTION NO. 4-20-2020A
TAMA COUNTY, IOWA SUMMARY OF RESOLUTION NO. 4-20-2020A
On April 20, 2020, the Board of Supervisors of Tama County, Iowa adopted Resolution No.4-20-2020A, entitled “Resolution authorizing and approving a Loan Agreement, providing for the issuance of $4,655,000 General Obligation E911 Bonds, Series 2020A, and directing the levy of taxes to pay the same.”   In compliance with State laws related to adoption of resolutions, this Summary of Resolution No. 4-20-2020A has been prepared for publication.
The Resolution authorizes the issuance by the County of $4,655,000 General Obligation E911 Bonds, for the purpose of financing the acquisition of emergency communication equipment.  The Bonds will be paid over a period of fifteen years from a levy of taxes against all taxable property in the County.  The net effective rate of interest on the Bonds is 2.25% per annum
  
The full text of the Resolution may be inspected at the Office of the County Auditor,  County Administration Building, Toledo, Iowa, Monday through Friday, between the hours of 8 a.m. and 4:30 p.m.
Roll call vote:  Vest, Aye.  Jordan, Aye.  Anderson, aye. Motion carried.  Resolution passed and adopted this 20th day of April, 2020.  Dan Anderson, Chairman, Board of Supervisors.  Laura Kopsa, County Auditor. 

It was reported that a preliminary official statement had been prepared in connection with the sale of the County’s General Obligation Refunding Bonds, Series 2020B, and that is was necessary to make provision for the approval of the preliminary official statement and to authorize its use by Northland Securities, Inc.  It was discussed that this could save the County anywhere from $174,000 to $200,000 overall on principal and interest.  The interest rate right now is 1.88% if the County moves forward.  Northland Securities will keep an eye on the rates during the next couple of weeks.  Motion by Vest, seconded by Jordan to approve the following resolution:
RESOLUTION NO. 4-20-2020B
Approving Preliminary Official Statement for General Obligation Refunding Bonds, Series 2020B
WHEREAS, the Board of Supervisors (the “Board”) of Tama County (the “County”), State of Iowa, has heretofore proposed to enter into a General Obligation Loan Agreement  pursuant to the provisions of Section 331.402 of the Code of Iowa, for the purpose of refunding the outstanding balance of the County’s General Obligation Urban Renewal County Purpose Bonds, Series 2013, and has published a notice and held a hearing on the proposal; and
WHEREAS, a preliminary official statement (the “Preliminary Official Statement”) has been prepared in connection with the sale of General Obligation Refunding Bonds, Series 2020B (the “Bonds”), and it is necessary to make provision for the approval of the Preliminary Official Statement and to authorize its use by Northland Securities, Inc.;

NOW, THEREFORE, Be It Resolved by the Board of Supervisors of Tama County, Iowa, as follows:

Section 1.        The use by Northland Securities, Inc. of the Preliminary Official Statement relating to the Bonds, in substantially the form as has been presented to and considered by the Board of Supervisors, is hereby approved, and Northland
Securities, Inc. is hereby authorized to prepare and use a final Official Statement for the Bonds substantially in the form of the Preliminary Official Statement, but with such changes therein as are required to conform the same to the terms of the Bonds and the resolution, when adopted, providing for the issuance of the Bonds, and the County Auditor is hereby authorized and directed to execute a final Official Statement for the Bonds, if requested.  The Preliminary Official Statement as of its date is deemed final by the County within the meaning of Rule 15(c)(2)-12 of the Securities and Exchange Commission.
Section 2.        All resolutions or parts thereof in conflict herewith are hereby repealed to the extent of such conflict.
Roll call vote:  Vest, Aye.  Jordan, Aye.  Anderson, aye. Motion carried.  Resolution passed and adopted this 20th day of April, 2020.  Dan Anderson, Chairman, Board of Supervisors.  Laura Kopsa, County Auditor. 

Motion by Jordan, seconded by Vest to approve the Auditor’s Quarterly Report.  All voted aye.  Motion carried.

Motion by Vest, seconded by Jordan to approve the Sheriff’s Quarterly Report.  All voted aye.  Motion carried.

Supervisor Vest signed off from the meeting due to a commitment.

Motion by Jordan, seconded by Anderson to approve the claims for payment as presented.  All voted aye.  Motion carried.

Chairman Anderson adjourned the meeting at 10:00 a.m.