HomeMy WebLinkAbout2014-499-6 /16/2014June 16, 2014
The City Council of the City of Waterloo, State of Iowa, met in t aA,
session, in the Council Chambers, City Hall, 715 Mulberry Street, Waterloo, a, at
.5'30 o'clock -P M., on the above date. There were present Mayor Ernest G. Clark, in
the chair, and the following named Council Members:
Absent:
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Council Member &L introduced the following resolution entitled
"RESOLUTION APPOINTING BANKERS TRUST COMPANY OF DES MOINES, IOWA,
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 HE AGREEMENT", and
moved that the resolution be adopted. Council Member_ seconded the
motion to adopt. The roll was called and the vote was,
NAYS:
Whereupon, the Mayor dechUed the resolution duly adopted as follows:
W5014hm No_ X14�4RR
RESOLUTION APPOINTING BANKERS TRUST COMPANY
OF DES MOINES, IOWA, 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, $10,065,000 General Obligation Bonds, Series 2014A, dated June 27, 2014,
have been sold 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 Bankers Trust
Company of Des Moines, Iowa, are necessary for compliance with rules, regulations, and
requirements governing the registration, transfer and payment of registered bonds; and
WHEREAS, a Paying Agent, Bond Registrar and Transfer Agent Agreement, (hereafter
"Agreement") has been prepared to be entered into between the City and Bankers Trust
Company.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF WATERLOO, STATE OF IOWA:
Section 1. That Bankers Trust Company of Des Moines, Iowa, is hereby appointed to
serve as Paying Agent, Bond Registrar and Transfer Agent in connection with the issuance of
$10,065,000 General Obligation Bonds, Series 2014A, dated June 27, 2014.
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Section 2. That the Agreement with Bankers Trust Company of Des Moines, Iowa, is
hereby approved and that the Mayor and Clerk are authorized to sign the Agreement on behalf of
the City.
PASSED AND APPROVED this 16`h day of June, 2014.
ATTEST:
Suzy Schare City Clerk
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G. Clark, Mayor