HomeMy WebLinkAbout2017-426-6/5/2017 Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo,
IA 50703, (319)-291-4323.
RESOLUTION NO. 2017-426
RESOLUTION APPOINTING BANKERS TRUST COMPANY OF DES
MOINES, IOWA, TO SERVE AS PAYING AGENT, BOND
REGISTRAR, AND TRANSFER AGENT AND APPROVE THE
PAYING AGENT, BOND REGISTRAR AND TRANSFER AGENT
AGREEMENT IN CONJUNCTION WITH THE $3,600,000 GENERAL
OBLIGATION BONDS, SERIES 2017B, AND AUTHORIZING THE
MAYOR TO EXECUTE SAID AGREEMENT.
WHEREAS, $3,600,000 Taxable General Obligation Bonds, Series 2017B, dated June
20, 2017, 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 Bankers Trust
Company of 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 Bankers Trust
Company.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
WATERLOO, STATE OF IOWA:
1. That Bankers Trust Company of Des Moines, Iowa, is hereby appointed to serve
as Paying Agent, Bond Registrar and Transfer Agent in connection with the issuance of
$3,600,000 Taxable General Obligation Bonds, Series 2017B, dated June 20, 2017.
2. That the Agreement with Bankers Trust Company of Des Moines, Iowa, is hereby
approved and that the Mayor is authorized execute said agreement.
PASSED AND APPROVED this 5h day of June 2017.
Quentin Hart, Mayor
ATTEST:
Kelley Fhle
City Cler