HomeMy WebLinkAbout2020-05-18-Resolution 2020-187_Bonds, Water Revenue CLN Series 2012C, RedemptionRESOLUTION 2020-187
RESOLUTION AUTHORIZING THE REDEMPTION OF
OUTSTANDING WATER REVENUE CAPITAL LOAN
NOTES, TAXABLE SERIES 2012C. OF THE CITY OF
WAUKEE, STATE OF IOWA, DATED SEPTEMBER 5. 2012,
AND DIRECTING NOTICE BE GIVEN
WHEREAS, the City did by resolution dated August 20, 2012, authorize the issuance of
$2,625,000 Water Revenue Capital Loan Notes, Taxable Series 2012C, (the "Notes") dated
September 5, 2012, and
WHEREAS, the Notes are redeemable in any order of their numbering on June 1, 2020 or
any date thereafter upon giving notice in the manner provided in the resolution authorizing the
issuance of the Notes, and
WHEREAS, it is deemed necessary and advisable that $1,780,000 be so redeemed on
June 18, 2020 and notice of redemption be given according to the terms of the resolution
authorizing issuance of the Notes.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF WAUKEE, STATE OF IOWA:
Section 1. That outstanding Water Revenue Capital Loan Notes, dated September 5,
2012. in the principal amount of $1,780,000, be and the same are hereby redeemed as of June 18,
2020.
Section 2. The Registrar and Paying Agent, UMB Bank, N.A., in its capacity as assignee
of and successor to Bankers Trust Company, is hereby authorized and directed to cause notice of
such redemption be given not less than thirty (30) days prior to the redemption date and to cause
notice of redemption to be mailed to the registered owners of the Notes by ordinary mail, and to
notify DTC.
Section 3. The Director of Finance is hereby authorized and directed to cause to be
deposited in a separate fund sum sufficient to pay all principal and interest on the redeemed
Notes to the date of redemption and to notify the City's dissemination agent to post the Notice of
Redemption to the MSRB's website (EMMA) in searchable PDF format for the refunded Notes
in accordance with the Continuing Disclosure Certificate for the Notes.
Section 4. That the form of such notice be substantially as follows:
NOTICE OF FULL RIEDE NEPTION
To the Holder, of the
C iry of Waukee. -rate of Iowa
N'Varel:Revenut Capital Loan Notes,
Triable Series 2012(
Dated September ;, 2012
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PASSED AND APPROVED this 181" day of May, 2020.
ATTEST:
City Clerk
RESULTS OF VOTE:
AYE
Anna Bergman
X
R. Charles Bottenberg
X
Chris Crone
X
Larry R. Lyon
X
Ben Sinclair
X
Mayor
NAY ABSENT ABSTAIN