City Council OKs flood plain ordinance

Friday, September 23, 2022

LE MARS — Le Mars City Council members conducted the second reading amending Chapter 160, “Floodplain Management” of the Le Mars City Code of Ordinances at its Sept. 20 meeting.

The amendment is needed as FEMA and the IDNR have completed the process of updating flood hazard determinations for Plymouth County which includes the City of Le Mars Corporate Limits.

The Flood Insurance Study (FIS) and Flood Insurance Rate Map (FIRM) become effective on Oct. 27, 2022.

The City of Le Mars is required to update the ordinance to reflect adoption of the FIS report and FIRM by the effective date.

There was no discussion on the amendment and council members unanimously approved the second reading.

Council member then approved a motion to waive the third reading of the ordinance.

The motion was then made and approved to adopt Ordinance No. 974 to amend the Le Mars Code of Ordinances - Chapter 160, “Floodplain Management” on its second reading.

The council then took up the Sewer Revenue Bonds for the wastewater improvements 2022 ultraviolet disinfection project.

The council previously held a public hearing and adopted Resolution No. 22-37 approving the preliminary official statement for the financing of the Wastewater Improvements - 2022 Ultraviolet Disinfection Project. As the next step in the process, council now needs to approve the bond purchase agreement. By approving the bond purchase agreement council will lock in interest rates and move one step closer to the final issuance of the bonds.

According to Michael Maloney, managing director of DA Davidson, the city will issue a total of $5,485,000 in bonds, with a true interest cost of 4.42 percent.

Maloney reminded the council that with the Floyd Valley Healthcare bonds issued at just under $4.2 million earlier this year, the $5,485,000 will keep the city’s bond issues for the year at just under $10 million.

Council member Clark Goodchild asked how being so close to the $10 million limit if this would affect future bonding.

“No, that is a calendar year requirement,” Maloney said. “We want to keep it just under the $9.9 million.”

The council unanimously adopted a resolution approving a Bond Purchase Agreement for the sale of Sewer Revenue Bonds, Series 2022.

The council’s action on Sept. 20 approval of bond purchasing agreement locks interest rates on financing.

Final council action with respect to these bonds is scheduled to take place at the City Council meeting on Oct. 4, when the council will consider a resolution authorizing the bond issuance.

The need for the ultraviolet disinfection is necessary as bacteria (disinfection) is an aspect of the city’s treatment process that needed to be addressed with the issuance of the city’s latest NPDES permit. The deadline to meet Iowa DNR compliance was November 2021. The current schedule has completion slated for spring of 2023.

The work will be done at the wastewater treatment facility on the north edge of Le Mars.

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