HomeMy WebLinkAbout2021-03-01-Resolution 2021-086_Bonds, GO Urban Renewal Series 2013D, RedemptionRESOLUTION 2021-086
RF,SOLUTION AUTHORIZING TIIE REDEMPTION OF
OUTSTANDING GENERAL OBLIGATION URBAN
RENEWAL BONDS, SERIES 20131), OF THE CITY OF
WAUKEE, STATE OF IOWA, DATED DECEMBER 12, 2013,
AND DIRECTING NOTICE BE GIVEN
WI IEREAS, the City did by resolution dated November 18, 2013, authorize the issuance
of $8.740,000 General Obligation Urban Renewal Bonds, Series 2013D, (the "Bonds") dated
December 12, 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
WIIEREAS, it is deemed necessary and advisable that $1,700,000 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, TIIEREFORE, BE IT RESOLVED 13Y TIIE CITY COUNCIL OF THE CITY
OF WAUKEE, STATE OF IOWA:
Section 1. That outstanding General Obligation Urban Renewal Bonds, dated December
12, 2013, in the principal amount of $1,700,000, 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 ol'such notice be substantially as follows:
NOTICE OF FULL REDEMPTION
To the Holders of the
City of Waukee, State of Iowa
General Obligation Urban Renewal Bonds
Series 2013D
S8,740,000
Dated December 12, 2013
Notice is hereby given by UMB Bank, N.A. that the Bonds of the above referenced issue which
matuire on .1l►ne 1, in the following years and amounts are called for redemption and prepayment on
June 1, 2021:
Year
Amount
Interest Rate
Cusi No *
2022
S 110,000
4.00%
942830QY9
2023
S115,000
4.00'%)
942830QZ6
2024
S120,000
3.00%
942830RAO
202.5
S 125,000
3.125%
942830RB8
2026
S130,000
3.2.5%
942830RC6
2027
S135,000
3.50`%►
942830RD4
2028
S140,000
3.625%
942830RE2
2029
S150,000
3.75%
942830RF9
2031
S320,000
4.000%
942830RH5
2032
S 175,000
4.00%
942830RJ 1
2033
S180,000
4.125%
942830RK8
The Bonds will be redeemed at a price of 100% of their principal amount plus accrued interest to the
date of redemption. I solders of such Bonds should present them for payment on or before said
Redemption Date, on which date they will cease to bear interest:
Revis�tered/Certified Mail. Air Courier or In Person:
UMB, Bank, N.A.
1010408, Corporate Trust Bond Operations Department
928 Grand, 4"' 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 ofthe .lobs and Growth Tax Relief Reconciliation Act of 2003 (the "Act'), 24%
will he withheld ifa 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 of the resolution
authorizing the redemption of these Bonds, dated March 1, 2021.
By: UMB BANK, N.A., as Paying Agent
PASSED AND APPROVED this 1 S` day of March, 2021.
ATTEST:
0. aj
City Clerk
RESULTS OF VOTE:
AYE
Anna Bergman
X
R. Charles Bottenberg
Chris Crone
X
Larry R. Lyon
X
Ben Sinclair
X
Mayor
NAY ABSENT ABSTAIN
X