HomeMy WebLinkAbout2019-756-10/07/2019 ITEMS TO INCLUDE ON AGENDA
CITY OF WATERLOO, IOWA
$2,770,000 General Obligation Refunding Bonds, Series 2019C
• Resolution Appointing 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.
• Resolution authorizing and providing for the issuance, and levying a tax to pay the
Bonds; Approval of the Tax Exemption Certificate and Continuing Disclosure
Certificate.
NOTICE MUST BE GIVEN PURSUANT TO IOWA CODE
CHAPTER 21 AND THE LOCAL RULES OF THE CITY.
October 7, 2019
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, Feuss, Klein, Amos, Juon
Absent: Schmitt
Vacant: None
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Council Member Klein introduced the following resolution entitled "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", 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, Feuss, Klein, Amos, Juon
NAYS: None
Whereupon, the Mayor declared said Resolution duly adopted as follows:
Resolution No. 2019-756
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, $2,770,000 General Obligation Refunding Bonds, Series 2019C, dated
October 22, 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,Nn.a.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF WATERLOO, STATE OF IOWA:
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$2,770,000
General Obligation Refunding Bonds, Series 2019C, dated October 22, 2019.
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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 7th day of October, 2019.
Quentin Hart, Mayor
ATTEST:
./.1,14)
Kelley Fele 1e, City Clerk
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