HomeMy WebLinkAbout2009-03-23-Resolutions 09-68_Bonds - GO CLN Series 2009B - PurchaseRESOLUTION 09-68
RESOLUTION DIRECTING THE ACCEPTANCE OF A
PROPOSAL TO PURCHASE $5,345,000 GENERAL OBLIGATION
CAPITAL LOAN NOTES,SERIES 2009B
WHEREAS,the City of Waukee,Iowa,sometimes hereinafter referred to as the
City,is a municipal corporation duly incorporated,organized and existing under and by
virtue of the Constitution and laws of the State ofIowa;and
WHEREAS,it is deemed necessary that the City should enter into a Loan
Agreement and borrow the amount of $5,345,000 as authorized by Sections 384.24,
384.24A and 384.25,Code ofIowa,as amended;and
WHEREAS,proposals have been requested and received from financial
institutions offering to enter into such Loan Agreement;and
WHEREAS,after a review of all the proposals received,it has been determined
that the best and most favorable proposal is that ofD.A.Davidson &Co.of Denver,CO;
and
WHEREAS,it is the intention of this City Council to enter into a Loan Agreement
in accordance with said proposal dated March 23,2009:
NOW,THEREFORE,BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF WAUKEE,IOWA:
Section 1.That this City Council does hereby accept the attached proposal of
D.A.Davidson &Co.of Denver,CO,and takes additional action to permit the entering
into of a Loan Agreement.
Section 2.The Mayor and City Clerk are authorized and directed to proceed on
behalf of the City to enter into such Loan Agreement,to negotiate the final terms of a
Loan Agreement,to take all action necessary to permit the entering into of a Loan
Agreement on a basis favorable to the City and acceptable to the Purchaser,and to
proceed to meet the conditions of this accepted proposaL
PASSED AND APPROVED this 23rd day of March,2009.
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ATTEST:
ROLL CALL VOTE
Donald L.Bailey,Jr.
Casey L.Harvey
C.Isaiah McGee
Darlene Stanton
Mike Watts
AYE
x
X
X
X
NAY ABSENT
X
ABSTAIN
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