HomeMy WebLinkAbout2018-405-6/4/2018 June 4, 2018
The City Council of the City of Waterloo, State of Iowa, met in regular session, in the
Council Chambers, City Hall, 715 Mulberry Street, Waterloo, Iowa, at 5:30 P.M., on the above
date. There were present Mayor Quentin Hart, in the chair, and the following named Council
Members:
Jacobs, Morrissey, Shimp, Klein, Amos, Schmitt, and Juon
Absent: None
Vacant: None
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Council Member Schmitt introduced the following resolution entitled "RESOLUTION
APPOINTING BANKERS TRUST COMPANY OF 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", and moved that the resolution
be adopted. Council Member Amos seconded the motion to adopt. The roll was called and the
vote was,
AYES: Jacobs, Morrissey, Shimp, Klein, Amos, Schmitt, and
Juon
NAYS: None
Whereupon, the Mayor declared said Resolution duly adopted as follows:
RESOLUTION NO. 2018-405
RESOLUTION APPOINTING BANKERS TRUST COMPANY
OF 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, $1,070,000 Taxable General Obligation Bonds, Series 2018B, dated
June 19, 2018, 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:
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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
$1,070,000 Taxable General Obligation Bonds, Series 2018B, dated June 19, 2018.
2. That the Agreement with Bankers Trust Company of 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 4th day of June, 2018.
x
Quentin HartMayor
AT T.
Kelley Fele, City Clerk
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