HomeMy WebLinkAboutDelivery Certificate DELIVERY CERTIFICATE
We the undersigned Chairperson and Secretary of the Board of Trustees of the Waterloo
Municipal Communications Utility, City of Waterloo, 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, State of Iowa;that in pursuance of the provisions of Sections 76.13, 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, authenticated and delivered fully registered Taxable
Communications Utility Revenue Capital Loan Notes Anticipation Project Note, Series 2023, of
the City of Waterloo, State of Iowa, in the amount of$6,000,000, dated the amendment date of
December 30, 2025 (the "Second Replacement Note"), bearing interest and maturing as follows:
Principal Interest Maturity
Amount Rate December 1
$6,000,000 6.00%through 12/1/2024 2028
5.75% through 12/29/2025
6.15%beginning 12/30/2025
Each of the Notes has been executed with the manual or facsimile signature of the Chairperson
and the manual or facsimile signature of the Secretary of the Board of Trustees of Waterloo
Municipal Communications Utility.
The Notes have been delivered to:
Cedar Rapids Bank& Trust, Cedar Rapids, Iowa
and have been paid for in accordance with the terms of the contract of sale and at a price of
$6,000,000, and accrued interest.
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 City officers to their respective positions, or the validity of the Notes, or the pledge
of the Project Fund, to the payment of the Notes or the power and duty of the City to construct,
own and operate the Municipal Communications Utility as a revenue producing undertaking and
to provide, charge and apply adequate rates and charges, and that none of the proceedings or
authority for the issuance of the Notes or the Second Replacement Note has been repealed,
revoked, rescinded, or modified in any manner.
We further certify that each of the officers whose signatures appear on the Second
Replacement 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 Municipal Communications
Utility is as follows:
Total communications utility revenue bonded indebtedness,
including above- mentioned Amended Taxable
Communications Utility Revenue Capital Loan Notes
Anticipation Project Note, Series 2023
All other indebtedness of any kind, payable from
Communications Utility Revenue
IN WITNESS WHEREOF, we have hereunto affixed our hands at the City of Waterloo,
State of Iowa, this day of , 2025.
\ airperson
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Secretary of the oard of Trustees
(SEAL)
4857-8953-3683-2\24268-003
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