HomeMy WebLinkAbout2020-05-18-Resolution 2020-188_Bonds, Natural Gas Utility Revenue Refunding CLN Series 2015, RedemptionRESOLUTION 2020-188
RESOLUTION AUTHORIZING THE REDEMPTION OF
OUTSTANDING NATURAL GAS UTILITY REVENUE
REFUNDING CAPITAL LOAN NOTES, SERIES 2015, OF THE
CITY OF WAUKEE, STATE OF IOWA, DATED MARCH 18,
2015, AND DIRECTING NOTICE BE GIVEN
WHEREAS, the City did by resolution dated March 2, 2015, authorize the issuance of
$2,632,000 Natural Gas Utility Revenue Refunding Capital Loan Notes, Series 2015, (the
"Notes") dated March 18, 2015; and
WHEREAS, the Notes are redeemable in any order of their numbering on any date 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 $807,000 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 Natural Gas Utility Revenue Refunding Capital Loan Notes,
dated March 18, 2015, in the principal amount of $807.000, 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 .
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.
Section 4. That the form of such notice be substantially as follows:
NOTICE OF FULL RIEDE-AEPTION
To the Holder of the
C it%- of Waukee. of low.1
Natural (has Utility- Revenue
Refundinz Capital tolu Noter,
,7erle-,
Dated 'Umch IS. 2015
-Irit the c-fthe atcve refeienced I-Mltw ch
manze on Ame L m the f lip e n -.,ears and amou:�t-1 ire .:ailed far -edempncnaidprtp2AMY41t
In June 1S. :02(l
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PLAC E-NEEN-T
--he Nct—1 v.-i*-' be redeem-,d at a price of of di-ti: prm,-ip.,: aim- -pas ed I ::.serest , 2zc. , e t 1 0
Le date of redempt-on �o:ders cf -uz-h -Ncte -I shotdd Fr-eseir thelu 10: paymen- --,n cr "Ien.-e
said Ree=ticn Dare - cz-.,Nhzh Ire thty iv--'l zea e tc, ttu
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,
VNIB Bank. N,A
101(j4l)S, C otporate Trust Bond Operation,, Department
9ZS (,rand. 4" Floor
Kan,w (in-..\10 64106-2C40
?lease DO NOT a±= vour secimt:,e: for Fl%mlent mcre Bain 30 dav: m ach-,-cce of the
Te&u:Ft'o-'- date "Alen :wvL-r-z ibc-at Bite redempticm- pied e ha-,-e Bo-nd �_-Imter avii.7a,ble-
S per. - - 21,
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.- :he pyn-,-.-icxis of the klor and GrolvtIx Relief P-e,:0,-c:hxicn Act cf -'C103, t:he -Acf-
-I*! eid if a tl-% ideztfkaton mmiber is not prcp Iv certm- ed Bc,, c,
wll L-,- %� . --r &oI s v. der .
:: S tC 1 I -r�7Z d' the aFF11Citicn of -Jk-;e Iculd mbm: I co='eed :P-S Form %V-4 lxheti
FrI n=,z their -Ncte-l.
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"Du- v, crder of e C in- of ll'i u6*. Iom.-a s.L .auit t4 the tee, 01 =_e
r e s o. A *a c n i u th,,): -- -7 1 n z d we rede=ticii of : h e rl e '.%- o T e:: zl:ej N 1.1, IS. 2 i) , 0.
PASSED AND APPROVED this 181h day of May, 2020.
ATTEST:
14)jutt�
City Clerk
RESULTS OF VOTE:
AYE
Anna Bergman
X
R. Charles Bottenberg
X
Chris Crone
X
Larry R. Lyon
X
Ben Sinclair
X
— ( , ��' L-:;�;-
Mayo
NAY ABSENT ABSTAIN