HomeMy WebLinkAbout2012-621-06.18.2012 Appointing Pay Agent $5,450,000(This Notice to be posted)
NOTICE AND CALL OF PUBLIC MEETING
Governmental Body: The City Council of Waterloo, Iowa.
Date of Meeting: June 18, 2012.
Time of Meeting: 5:30 o'clock P.M.
Place of Meeting: Council Chambers, City Hall, 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:
$5,450,000 General Obligation Refunding Bonds, Series 2012B.
• 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.
Such additional matters as are set forth on the additional 4 page(s) attached hereto.
This notice is given at the direction of the Interim Mayor Pro Tem pursuant to
Chapter 21, Code of Iowa, and the local rules of the governmental body.
Suzy Schares, City Clerk, Waterloo, Iowa
June 18, 2012
The City Council of the City of Waterloo, Iowa, met in regular session, in the
Council Chambers, City Hall, Waterloo, Iowa, at 5:30 o'clock P.M., on the above date.
There were present Interim Mayor Pro Tem Ron Welper, in the chair, and the following
named Council Members:
Cole, Getty, Jones, Greenwood, Schmitt, Welper
Absent: Hart
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Council Member Getty introduced the following resolution entitled
"RESOLUTION APPOINTING WELLS FARGO BANK, NATIONAL ASSOCIATION
OF MINNEAPOLIS, MINNESOTA, 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 Cole seconded the motion to adopt. The roll was
called and the vote was,
AYES: Cole, Getty, Jones, Greenwood, Schmitt, Welper
NAYS: none
Whereupon, the Interim Mayor Pro Tem declared the resolution duly adopted as
follows:
RESOLUTION NO. 2012-621
RESOLUTION APPOINTING WELLS FARGO BANK,
NATIONAL ASSOCIATION OF MINNEAPOLIS,
MINNESOTA, 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, pursuant to the provisions of Chapter 75 of the Code of Iowa,
$5,450,000 General Obligation Refunding Bonds, Series 2012B, dated The Date Of
Delivery, have been sold at public sale 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 Wells Fargo
Bank, National Association of Minneapolis, Minnesota, are necessary for compliance
with rules, regulations, and requirements governing the registration, transfer and payment
of registered bonds; and
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WHEREAS, a Paying Agent, Bond Registrar and Transfer Agent Agreement
(hereafter "Agreement") has been prepared to be entered into between the City and Wells
Fargo Bank, National Association.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY OF WATERLOO,
STATE OF IOWA:
Section 1. That Wells Fargo Bank, National Association of Minneapolis,
Minnesota, is hereby appointed to serve as Paying Agent, Bond Registrar and Transfer
Agent in connection with the issuance of $5,450,000 General Obligation Refunding
Bonds, Series 2012B, dated the date of delivery.
Section 2. That the Agreement with Wells Fargo Bank, National Association of
Minneapolis, Minnesota, is hereby approved and that the Interim Mayor Pro Tem and
City Clerk are authorized to sign the Agreement on behalf of the City.
PASSED AND APPROVED this 18th day of June, 2012.
ATTEST:
Suzy Schares, City Clerk
Ron Welper, Interim Mayor Pro Tem
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STATE OF IOWA
COUNTY OF BLACK HAWK
CERTIFICATE
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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 said Municipality hereto affixed this 18th day
of June, 2012.
Suzy Schares, City Clerk, Waterloo, Iowa
(SEAL)
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