HomeMy WebLinkAbout2001-11-19-Resolutions 01-214, 01-215_Bonds - Special Assessment Note PrepayRESOLUTION NO.01-214 &01-215
Resolution providing for prepayment of $15,000 Special Assessment
Sewer Improvement Notes (Hickman Road Trunk Sewer Project),dated
May 1,1993,and $70,000 Special Assessment Street Improvement Notes
(1997 Street Improvements and Cherry Street Improvements Project),
dated March 1,1999
WHEREAS,$101,000 Special Assessment Street Improvement Notes,dated
March 1,1999 (the "1999 Notes"),were issued by the City pursuant to a resolution
passed and approved on March 1,1999,under which the right was reserved to the City to
call and prepay all of the Notes scheduled to mature in each of the years 2000 to 2008,
inclusive,prior to their maturity as a whole or from time to time in part,on or within 45
days after December 1 in each of the years 1999 to 2007,inclusive,on terms of par and
accrued interest,provided notice is given by mailing written notice by certified mail,
return receipt requested,to each of the registered owners of the Notes to be redeemed at
the addresses shown on the City's registration books,not less than 30 nor more than 60
days prior to the date set for such redemption and prepayment;and
WHEREAS,$135,000 Special Assessment Sewer Improvement Notes,dated May
1,1993 (the "1993 Notes"and together with the 1999 Note the "Notes"),were issued by
the City pursuant to a resolution passed and approved on May 24,1993,under which the
light was reserved to the City to call and prepay all of the 1993 Notes scheduled to
mature in each of the years 1994 to 2002,inclusive,prior to their maturity as a whole or
from time to time in part,on or within 45 days after December 1 in each of the years
1993 to 2001,inclusive,on terms of par and accrued interest,provided notice is given by
mailing written notice by certified mail,return receipt requested,to each of the registered
owners of the 1993 Notes to be redeemed at the addresses shown on the City's
registration books,not less than 30 nor more than 45 days prior to the date set for such
redemption and prepayment;and
WHEREAS,the City has sufficient funds on hand and this Council has
determined to call and prepay $70,000 of such 1999 Notes currently outstanding,being
the 1999 Notes scheduled to mature in each of the years 2002 to 2008 in the aggregate
principal amount of $70,000 and has determined to call and prepay $15,000 of the 1993
Notes currently outstanding,being the 1993 Notes scheduled to mature in the year 2002,
in the aggregate principal amount of $15,000;and
WHEREAS,prior to calling the aforementioned Notes for redemption,provision
must be made for giving notice thereof;
NOW,THEREFORE,Be It and It Is Hereby Resolved and ordered by the City
Council of Waukee,Iowa,as follows:
Section 1.The Notes in the total aggregate principal amount of $85,000,and
scheduled to mature on December 1 of 2002 through 2008 as stated above shall be called
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for redemption and prepaid as of December 20,2001,on terms of par and accrued
interest to such date of prepayment.
Section 2.Bankers Trust Company,N.A.,Des Moines,Iowa (the
"Registrar"),is hereby authorized and directed to give notice of such redemption by
mailing written notice by certified mail,return receipt requested,to each of the registered
owners of the Notes to be redeemed at the addresses shown on the City's registration
books,not less than 30 nor more than 45 days prior to the date set for such redemption
and prepayment,as provided in the resolutions authorizing the issuance of the Notes.
The notice shall be in substantially the following form:
Approved and passed this 19th day of November 2001.
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Attest:
'7/1i2 /
Mark J.Arents Ii City Administrator/Cler
Resolution 01-214
ROLL CALL VOTE
Nicholas C.Gruber
Marvin Berger
Bill Peard
Mike Watts
Wayne Johnson
Resolution 01-215
ROLL CALL VOTE
Nicholas C.Gruber
Marvin Berger
Bill Peard
Mike Watts
Wayne Johnson
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