HomeMy WebLinkAbout2016-12-05-Resolutions 16-508_Bonds - Sewer Revenue CLN Series 2016C - Appoint AgentRESOLUTION 16-508
RESOLUTION APPOINTING BANKERS TRUST COMPANY OF
DES MOINES,IOWA,TO SERVE AS PAYING AGENT,NOTE
REGISTRAR,AND TRANSFER AGENT,APPROVING THE
PAYING AGENT AND NOTE REGISTRAR AND TRANSFER
AGENT AGREEMENT AND AUTHORIZING THE EXECUTION
OF THE AGREEMENT
WHEREAS,$2,685,000 Sewer Revenue Capital Loan Notes,Series 2016C,dated
December 20,2016,have been sold and action should now be taken to provide for the
maintenance of records,registration of certificates and payment of principal and interest in
connection with the issuance of the notes;and
WHEREAS,this Council has deemed that the services offered by Bankers Trust
Company of Des Moines,Iowa,are necessary for compliance with rules,regulations,and
requirements governing the registration,transfer and payment of registered notes;and
WHEREAS,a Paying Agent,Note Registrar and Transfer Agent Agreement (hereafter
"Agreement")has been prepared to be entered into between the City and Bankers Trust
Company.
NOW,THEREFORE,BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF WAUKEE,STATE OF IOWA:
Section 1.That Bankers Trust Company of Des Moines,Iowa,is hereby appointed to
serve as Paying Agent,Note Registrar and Transfer Agent in connection with the issuance of
$2,685,000 Sewer Revenue Capital Loan Notes,Series 2016C,dated December 5,2016.
Section 2.That the Agreement with Bankers Trust Company of Des Moines,Iowa,is
hereby approved and that the Mayor and Clerk are authorized to sign the Agreement on behalf of
the City.
PASSED AND APPROVED this 5'"day of December,2016.
Mayor Pro Te
ATTEST:
City Clerk
ROLL CALL VOTE
Anna Bergman
Brian Harrison
Shelly Hughes
Larry R.Lyon
Rick Peterson
AYE
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NAY ABSENT ABSTAIN