Council approves easements, bank appointment, bond issue, rail operator and multiple grant endorsements

The Clinton City Council on Aug. 12 approved a series of resolutions and ordinances covering utility easements, municipal financing, rail operations and grant endorsements.

The council adopted multiple resolutions authorizing underground electric easement agreements with Interstate Power and Light Company for parcels in the Liberty Square/Old Town area and at specific addresses (Parcel 82-0644-0002 and properties at 750 Tenth Avenue South and 635 Ninth Avenue South). Council discussion during the public hearings focused on whether equipment would be aboveground or underground; staff described the approvals as granting easement rights so the utility can place poles, boxes or other equipment or have room to work in the right-of-way.

The council also approved a resolution appointing UMB Bank NA of West Des Moines, Iowa to serve as paying agent, note registrar and transfer agent and adopted a separate resolution authorizing the issuance of $10,215,000 in general obligation capital loan notes, Series 2025B, including levy of a tax to pay the notes and related certificates. In the roll call for the loan-note resolution, one council member recorded…