HomeMy WebLinkAbout2016-08-15-Resolutions 16-361_Bonds - GO Series 2008C - Authorize RedemptionRESOLUTION 16-361
RESOLUTION AUTHORIZING THE REDEMPTION OF
OUTSTANDING GENERAL OBLIGATION BONDS,SERIES
2008C,OF THE CITY OF WAUKEE,STATE OF IOWA,
DATED DECEMBER 15,2008,AND DIRECTING NOTICE BE
GIVEN
WHEREAS,the City did by resolution dated December 1,2008,authorize the issuance of
$2,200,000 General Obligation Bonds,Series 2008C,(the "Bonds")dated December 15,2008;
and
WHEREAS,the Bonds are redeemable in any order of their numbering on June 1,2016
or any date thereafter upon giving notice in the manner provided in the resolution authorizing the
issuance of the Bonds;and
WHEREAS,it is deemed necessary and advisable that $1,155,000 be so redeemed on
September 21,2016 and notice of redemption be given according to the terms of the resolution
authorizing issuance of the Bonds.
NOW,THEREFORE,BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF WAUKEE,STATE OF IOWA:
Section 1.That outstanding General Obligation Bonds,dated December 15,2008,in the
principal amount of $1,155,000,be and the same are hereby redeemed as of September 21,2016.
Section 2.The Registrar and Paying Agent,Bankers Trust Company,N.A.,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 Bonds 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
Bonds 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 Bonds
in accordance with the Continuing Disclosure Certificate for the Bonds.
Section 4.That the form of such notice be substantially as follows:
NOTICE OF THE CALL OF BONDS FOR REDEMPTION TO THE HOLDERS OF THE
FOLLOWING DESCRIBED BONDS:
Please take notice that the Bonds described below have been called for redemption.
Owners of the Bonds should present their Bonds for payment on the redemption date.
Issuer:City of Waukee,State of Iowa
Original Issue Amount:$2,200,000
Bond Issue:General Obligation Bonds,Series 2008C
Dated Date:December 15,2008
Redemption Date:September 21,2016
Redemption Price:Par,plus accrued interest
Bonds Called for Redem tion
CUSIP
Numbers
Bond
Numbers
Principal
Amount
Interest
Rate
Maturity
Date
942830 LX6
942830 LY4
942830 LZI
942830 MA5
942830 MB3
942830 MCI
8
9
10
11
12
13
$170,000
$180,000
$190,000
$195,000
$205,000
$215,000
3.90 lo
4.00'lo
4.15olo
4.25''o
4.40'lo
4.50'lo
2017
2018
2019
2020
2021
2022
The above Bonds should be presented to Bankers Trust Company,N.A.,Des Moines,
Iowa.This represents a full call of the outstanding obligations.All interest will cease to accrue
on the Redemption Date.
BANKERS TRUST COMPANY,N.A.,Des
Moines,Iowa
(End of Notice)
PASSED AND APPROVED this 15 day of August,2016.
yor
ATTEST:
City Clerk
ROLL CALL VOTE
Anna Bergman
Brian Harrison
Shelly Hughes
Larry R.Lyon
Rick Peterson
AYE
X
X
X
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NAY ABSENT ABSTAIN