HomeMy WebLinkAbout2021-03-01-Resolution 2021-085_Bonds, GO Series 2013B, RedemptionRESOLUTION 2021-085
RESOLUTION AUTHORIZING TI IE REDEMPTION OF
OUTSTANDING GENERAL OBLIGATION BONDS, SERIES
201313, OF THE CTTY OF WAUKEE, STATE OF IOWA,
DATED MAY 28, 2013, AND DIRECTING NOTICE BE GIVEN
WHEREAS, the City did by resolution dated May 6, 2013, authorize the issuance of
$3,280,000 General Obligation Bonds, Series 2013B, (the "Bonds") dated May 28, 2013, and
WHEREAS, the Bonds are redeemable in any order of their numbering on June 1, 2021
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 $735,000 be so redeemed on June
1, 2021 and notice of redemption be given according to the terms of the resolution authorizing
issuance of the Bonds.
NOW, THEREFORE, BE ITRESOLVED BY "THE CITY COUNCIL OF THE CITY
OF WAUKEE, STATE OF IOWA:
Section 1. That outstanding General Obligation Bonds, dated May 28, 2013, in the
principal amount of $735,000, be and the same are hereby redeemed as of June 1, 2021.
Section 2. The Registrar and Paying Agent, UMB Bank, N.A., in its capacity as assignee
of an 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 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 FULL REDEMPTION
To the Holders of the
City of Waukee, State of Iowa
General Obligation Bonds
Series 2013B
S3,280,000
Dated May 28, 2013
Notice is hereby given by UMB Bank, N.A. that the Bonds of the above referenced issue which
mature on June 1, in the following years and amounts are called for redemption and prepayment
on ,Tune 1, 2021:
Year
Amount
Interest Rate
Cusi No *
2022
S100,000
2.00%
942830QB9
2023
S100,000
2.00%
942830QC7
2024
S100,000
2.25`%o
942830QD5
2025
S105,000
2.50%
942830QE3
2026
S105,000
3.00%,
942830QFO
2027
S 110,000
3.00%
942830QG8
2028
S115,000
3.00%,
942830QH6
The Bonds will be redeemed at a price of 100% of their principal amount plus accrued interest
to the date of redemption. Holders of such Bonds should present them for payment on or before
said EZedemption Date, on which date they will cease to bear interest:
Reeistered/Certified Mail, Air Courier or In Person:
UMB Bank, N.A.
1010408, Corporate Trust Bond Operations Department
928 Grand, 41' Floor
Kansas City, MO 64106-2040
Please DO NOT submit your securities for payment more than 30 days in advance of the
redemption date. When inquiring about this redemption, please have the Bond number available.
Customer Service can be reached at 800-416-6212.
Under the provisions of the Jobs and Growth Tax Relief Reconciliation Act of 2003 (the "Act"),
24% will be withheld if a tax identification number is not properly certified. Bondholders who
wish to avoid the application of these provisions should submit a completed IRS Form W-9 when
presenting their Bond.
This notice is given by order of the City of Waukee, Iowa pursuant to the terms ofthe
resolution authorizing the redemption of these Bonds, dated March 1, 2021.
By: UMB BANK, N.A., as Paying Agent
PASSED AND APPROVED this 1st day of March, 2021.
ATTEST:
0. AA�Atq
City Clerk
RESULTS OF VOTE:
AYE
Anna Bergman
X
R. Charles Bottenberg
Chris Crone
X
Larry R. Lyon
X
Ben Sinclair
X
LcAn�-�-
Mayor
NAY ABSENT ABSTAIN
X