HomeMy WebLinkAbout04.18.2022-Delivery Certificate - 2022B Taxable Sewer SRFDELIVERY CERTIFICATE
We, the undersigned City officials, do hereby certify that we are the officers, respectively
below indicated, of a municipal corporation in the State of Iowa, known as the City of Waterloo,
Iowa; that in pursuance of the provisions of Sections 384.24A and 384.83, Code of Iowa, there
have been heretofore lawfully authorized and this day by us lawfully executed, issued, caused to
be registered and authenticated and delivered one fully registered Sewer Revenue Capital Loan
Note, Series 2022B, of said City of Waterloo, Iowa, in the amount of $4,202,000, dated the date
of delivery, bearing interest at the rate of 1.75% per annum set forth on the Debt Service
Schedule attached hereto and incorporated herein by this reference.
The Note has been executed with the manual signature of the Mayor and the manual
signature of the Clerk of said City.
The Note has been delivered to:
Iowa Finance Authority of Des Moines, Iowa,
and has been paid for in accordance with the terms of the contract of sale and at a price of par.
We further certify that no controversy or litigation is pending, prayed or threatened
involving the incorporation, organization, existence or boundaries of the City, or the titles of the
undersigned officers to their respective positions, or the validity of the Note, or the pledge of the
net earnings of the municipal sewer system, (the "System"), to the payment of the Note or the
power and duty of the City to construct, own and operate its System as a revenue producing
undertaking and to provide, charge and apply adequate rates and charges for the full and prompt
payment of the principal and interest of the Note, and that none of the proceedings or authority
for the issuance of the Note has been repealed, revoked, rescinded, or modified in any manner
We further certify that each of the officers whose signatures appear on the Note were in
occupancy and possession of their respective offices at the time the Note was executed and do
hereby adopt and affirm their signatures appearing in the Note.
We further certify that the present financial condition of the City is as follows:
Total sewer revenue bonded indebtedness,
including above -mentioned Sewer
Revenue Capital Loan Note
$37,164,610.14
All other indebtedness of any
kind, payable from Sewer Revenues $0
IN WITNESS WHEREOF, we have hereunto affixed our hands at Waterloo, Iowa, Iowa,
this day of April, 2022.
Querduz 1-tarE
Mayor
ReOCey Fefchfe
City Clerk
Chief Financial Officer
SEAL
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