HomeMy WebLinkAbout2012-548-6/5/2012 Council Member Welper introduced the following Resolution entitled
"RESOLUTION DIRECTING SALE OF GENERAL OBLIGATION BONDS,
TAXABLE SERIES 2012C," and moved its adoption. Council Member Hart seconded
the motion to adopt. The roll was called and the vote was,
AYES: Jones, Schmitt, Welper, Hart
NAYS: none
Whereupon, the Mayor declared the following Resolution duly adopted:
RESOLUTION NO. 2012-548
RESOLUTION DIRECTING SALE OF GENERAL
OBLIGATION BONDS, TAXABLE SERIES 2012C
WHEREAS,pursuant to notice as required by law, bids have been received at
public sale for the Series 2012A Bonds described as follows and the best bid received is
determined to be the following:
GENERAL OBLIGATION BONDS, TAXABLE SERIES 2012C:
Bidder: Robert W. Baird & Co. of Milwaukee, Wisconsin
the terms of said bid being:
Principal Amount: $5,205,000.00
Purchase Price: $5,217,705.60
Net Interest Rate: 2.538872%
Net Interest Cost: $1,062,425.46
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF WATERLOO, IOWA:
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Section 1. That the bid for the Taxable Series 2012C Bonds as above set out is
hereby determined to be the best and most favorable bid received and, said Taxable
Series 2012C Bonds are hereby awarded based on said bid.
Section 2. That the statement of information for bond bidders and the form of
contract for the sale of said Taxable Series 2012C Bonds are hereby approved and the
Mayor and Clerk are authorized to execute the same on behalf of the City.
Section 3. That the notice of the sale of the Taxable Series 2012C Bonds
heretofore given and all acts of the Clerk done in furtherance of the sale of said Taxable
Series 2012C Bonds are hereby ratified and approved.
PASSED AND APPROVED this 5th day of June, 2012.
Zga d-?'"j
Ernest G. Clark, Mayor
ATTEST:
Suzy Schar s, City Clerk
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CERTIFICA I'E
STATE OF IOWA )
) SS
COUNTY OF BLACK HAWK )
I, the undersigned City Clerk of the City of Waterloo, State of Iowa, do hereby
certify that attached is a true and complete copy of the portion of the corporate records of
the City showing proceedings of the City Council, and the same is a true and complete
copy of the action taken by the Council with respect to the matter at the meeting held on
the date indicated in the attachment, which proceedings remain in full force and effect,
and have not been amended or rescinded in any way; that meeting and all action thereat
was duly and publicly held in accordance with a notice of meeting and tentative agenda, a
copy of which was timely served on each member of the Council and posted on a bulletin
board or other prominent place easily accessible to the public and clearly designated for
that purpose at the principal office of the Council (a copy of the face sheet of the agenda
being attached hereto)pursuant to the local rules of the Council and the provisions of
Chapter 21, Code of Iowa, upon reasonable advance notice to the public and media at
least twenty-four hours prior to the commencement of the meeting as required by law and
with members of the public present in attendance; I further certify that the individuals
named therein were on the date thereof duly and lawfully possessed of their respective
City offices as indicated therein, that no Council vacancy existed except as may be stated
in the proceedings, and that no controversy or litigation is pending,prayed or threatened
involving the incorporation, organization, existence or boundaries of the City or the right
of the individuals named therein as officers to their respective positions.
WITNESS my hand and the seal of the City hereto affixed this 5th day of June,
2012.
-Suzy Schar- , City Clerk, Waterloo, Iowa
(SEAL)
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