HomeMy WebLinkAbout2014-438A-06/04/2014 (This Notice to be posted)
NOTICE AND CALL OF PUBLIC MEETING
Governmental Body: The City Council of the City of Waterloo, State of Iowa.
Date of Meeting: June 4,2014.
Time of Meeting: 4:30 o'clock P.M.
Place of Meeting: Council Chambers, City Hall, 715 Mulberry Street, Waterloo,
Iowa.
PUBLIC NOTICE IS HEREBY GIVEN that the above mentioned governmental body
will meet at the date,time and place above set out. The tentative agenda for the meeting is as
follows:
Resolution Authorizing the Redemption of Outstanding General Obligation Capital Loan
Notes, Series 1998, dated April 1, 1998.
Such additional matters as are set forth on the additional 6 page(s) attached hereto.
This notice is given at the direction of the Mayor pursuant to Chapter 21, Code of Iowa,
and the local rules of the governmental body.
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Suzy Schat s, CMC
City Clerk
June 4, 2014
The City Council of the City of Waterloo, State of Iowa,met in special session,in the
Council Chambers; City Hall, 715 Mulberry Street, Waterloo, Iowa, at 4:30 P.M., on the above
date. There were present Mayor Ernest G. Clark,in the chair,and the following named Council
Members:
Cole,Jones,Lind,Morrissey,Welper,Hart
Absent: Schmitt
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Council Member Cole introduced the following Resolution entitled "A RESOLUTION
AUTHORIZING THE REDEMPTION OF OUTSTANDING GENERAL OBLIGATION
CAPITAL LOAN NOTES, SERIES 1998, OF THE CITY OF WATERLOO, STATE OF
IOWA,DATED APRIL 1, 1998,AND DIRECTING NOTICE BE GIVEN'and moved its
adoption. Council Member Hart seconded the motion to adopt. The roll was called and the vote
was,
AYES: Cole,Jones,Lind,Morrissey, Welper,Hart
NAYS: none
Whereupon,the Mayor declared the resolution duly adopted as follows:
RESOLUTION NO.2014-438A
RESOLUTION AUTHORIZING THE REDEMPTION OF
OUTSTANDING GENERAL OBLIGATION CAPITAL LOAN
NO TES, SERIES 1998, OF THE CITY OF WATERLOO, STATE
OF IOWA,DATED APRIL 1, 1998,AND DIRECTING NOTICE
BE GIVEN
WHEREAS,the City did by resolution dated April 6, 1998,authorize the issuance of
$665,000 General Obligation Capital Loan Notes, Series 1998, (the "Notes") dated April 1,
1998; and
WHEREAS,the Notes are redeemable in any order of their numbering on June 1,2006 or
any date thereafter upon giving notice in the manner provided in the resolution authorizing the
issuance of the Notes; and
WHEREAS,it is deemed necessary and advisable that$195,000 be so redeemed on
July 9, 2014 and notice of redemption be given according to the terms of the resolution
authorizing issuance of the Notes.
NOW, THEREFORE,BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF WATERLOO, STATE OF IOWA:
Section 1. That outstanding General Obligation Capital Loan Notes,dated April 1, 1998,
in the principal amount of$195,000,be and the same are hereby redeemed as of July 9,2014.
Wells Fargo Bank,National Association,in their capacity as Registrar and Paying Agent
of the Notes, is hereby authorized and directed to cause notice of such redemption be given not
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less than thirty(30)days prior to the redemption date and to cause notice of redemption to be
mailed to the registered owners of the Notes by registered mail,and to notify DTC and EMMA
(via searchable PDF electronic filing).
Section 2. The Finance Officer is hereby authorized and directed to cause to be deposited
in a separate fund sum sufficient to pay all principal and interest on the redeemed Notes to the
date of redemption.
Section 3. That the form of such notice be substantially as follows:
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NOTICE OF THE CALL OF NOTES FOR REDEMPTION TO THE HOLDERS OF THE
FOLLOWING DESCRIBED NOTES:
Please take notice that the Notes described below have been called for redemption.
Owners of the Notes should present their Notes for payment on the redemption date.
Issuer: City of Waterloo, State of Iowa
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Original Issue Amount: $665,000
Note Issue: General Obligation Capital Loan Notes, Series 1998
Dated Date:April 1, 1998
Redemption Date: July 9,2014
Redemption Price: par,plus accrued interest
Notes Called for Redemption
Note
CUSIP Numbers Principal Interest Maturity
Numbers Amount Rate Date
941638 Z68 16 $45,000 5.75% June 1,2015
941638 Z76 17 $45,000 5.75% June 1,2016
941638 Z84 18 $50,000 5.75% June 1,2017
941638 Z92 19 $55,000 5.75% June 1,2018
No representation is made as to the accuracy of the CUSIP numbers printed herein or on
the Notes.
The above Notes should be presented to Wells Fargo Bank,National Association,
Minneapolis,Minnesota. This represents a full call of the outstanding obligations. All interest
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will cease to accrue on the Redemption Date.
WELLS FARGO BANK,NATIONAL
ASSOCIATI ,Minneapolis,Minnesota
7/9N
(End of Notice)
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PASSED AND ADOP 1'ED this 4th day of June,2014.
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I i..„,e/WA N."._,1
Ernest G. Clark,Mayor
ATTEST: --'
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Suzy Scharer CMC
City Clerk
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CERTIFICATE
STATE OF IOWA )
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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 public hearing 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, organisation,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 4th day of June,2014.
S-4"-&-A. SI-- r-LP
Suzy Scharis, CMC
City Clerk
(SEAL)
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