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Home My WebLink About2014-438-06/04/2014 (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 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 Bonds, Series 2006A, dated June 1, 2006. 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. 1 Suzy Schams, 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 * * * * * * * -1- Council Member Cole introduced the following Resolution entitled "A RESOLUTION AUTHORIZING THE REDEMPTION OF OUTSTANDING GENERAL OBLIGATION BONDS, SERIES 2006A,OF THE CITY OF WATERLOO, STATE OF IOWA, DATED JUNE 1,2006,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. 2014-438 RESOLUTION AUTHORIZING THE REDEMPTION OF OUTSTANDING GENERAL OBLIGATION BONDS, SERIES 2006A, OF THE CITY OF WATERLOO, STATE OF IOWA, DATED JUNE 1,2006,AND DIRECTING NOTICE BE GIVEN WHEREAS,the City did by resolution dated June 12,2006, authorize the issuance of $8,200,000 General Obligation Bonds, Series 2006A, (the "Bonds") dated June 1, 2006; and WHEREAS,the Bonds are redeemable in any order of their numbering on June 1,2014 or any date thereafter upon giving notice in the manner provided in the resolution authorizing the issuance of the Bonds; and WHEREAS,it is deemed necessary and advisable that$3,310,000 be so redeemed on July 9, 2014 and notice of redemption be given according to the terms of the resolution authorizing issuance of the Bonds. NOW,THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WATERLOO, STATE OF IOWA: Section 1. That outstanding General Obligation Bonds,dated June 1, 2006,in the principal amount of$3,310,000,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 Bonds,is hereby authorized and directed to cause notice of such redemption be given not less than thirty(30)days prior to the redemption date and to cause notice of redemption to be mailed to the registered owners and insurer of the Bonds by first class mail, and to notify DTC and EMMA(via searchable PDF electronic filing). -2- 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 Bonds to the date of redemption. Section 3. That the form of such notice be substantially as follows: -3- NOTICE OF THE CALL OF BONDS FOR REDEMPTION TO THE HOLDERS OF THE FOLLOWING DESCRIBED BONDS: Please take notice that the Bonds described below have been called for redemption. Owners of the Bonds should present their Bonds for payment on the redemption date. Issuer: City of Waterloo, State of Iowa Original Issue Amount: $8,200,000 Bond Issue: General Obligation Bonds, Series 2006A Dated Date:June 1, 2006 Redemption Date: July 9, 2014 Redemption Price:par,plus accrued interest Bonds Called for Redemption CUSIP Bond Principal Interest Maturity Numbers Numbers Amount Rate Date 941647 CW7 9 $765,000 3.800% 2015 941647 CX5 10 $380,000 3.875% 2016 941647 CY3 11 $405,000 3.900% 2017 941647 CZO 12 $420,000 3.950% 2018 941647 DA4 13 $425,000 4.000% 2019 941647 DB2 14 $445,000 4.000% 2020 941647 DCO 15 $470,000 4.000% 2021 No representation is made as to the accuracy of the CUSIP numbers printed herein or on the Bonds. The above Bonds should be presented to Wells Fargo Bank,National Association, Minneapolis,Minnesota. This represents a full call of the outstanding obligations. All interest will cease to accrue on the Redemption Date. WELLS FARGO BANK,NATIONAL ASSOCIATION, Minneapolis,Minnsota / fó �� (End of Notice) -4- PASSED AND ADOPTED this 4th day of June, 2014. 4/.7e.,,,,,41" .tg Ernest G. Clark,Mayor ATTEST: Suzy Schares,\ City Clerk -5- CERTIFICATE 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 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, 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 4th day of June, 2014. Suzy Scharts, CMC City Clerk (SEAL) 010230I7.1\11310-101