HomeMy WebLinkAbout2019-08-05-Resolution 19-301_Bonds, Water Revenue Series 2019B, Appoint AgentRESOLUTION 19-301
RESOLUTION APPOINTING UMB BANK, N.A. OF WEST
DES MOINES, IOWA, TO SERVE AS PAYING AGENT,
BOND REGISTRAR, AND TRANSFER AGENT, APPROVING
THE PAYING AGENT AND BOND REGISTRAR AND
TRANSFER AGENT AGREEMENT AND AUTHORIZING
THE EXECUTION OF THE AGREEMENT
WHEREAS, $2,040,000 Water Revenue Bonds, Series 2019B, dated August 21, 2019,
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 bonds; and
WHEREAS, this Council has deemed that the services offered by UMB Bank, n.a. of
West Des Moines, Iowa, are necessary for compliance with rules, regulations, and requirements
governing the registration, transfer and payment of registered bonds; and
WHEREAS, a Paying Agent, Bond Registrar and Transfer Agent Agreement (hereafter
"Agreement") has been prepared to be entered into between the City and UMB Bank, n.a.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF WAUKEE, STATE OF IOWA:
Section 1. That UMB Bank, n.a. of West Des Moines, Iowa, is hereby appointed to serve
as Paying Agent, Bond Registrar and Transfer Agent in connection with the issuance of
$2,040,000 Water Revenue Bonds, Series 2019B, dated August 21, 2019.
Section 2. That the Agreement with UMB Bank, n.a. of West 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 August, 2019.
ATTEST:
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City Clerk
RESULTS OF VOTE:
AYE
Anna Bergman
X
R. Charles Bottenberg
Courtney Clarke
X
Shelly Hughes
X
Larry R. Lyon
X
NAY ABSENT
ABSTAIN