12/07/2010 Resolutions 2010-339RESOLUTION 2010-339
WHEREAS, it is necessary and advisable that the following bonds (Bonds) in
accordance with their option provisions, are hereby called for payment on January 12, 2011, after
which date interest on the Bonds will cease:
Grand Island Area Solid Waste Agency, Solid Waste Disposal Facilities Revenue
Refunding Bonds, Series 2004, date of original issue September 1, 2004 presently
outstanding in the principal amount of $685,000, due in years 2011 and 2012, issued
for the purpose of refunding said Agency's Solid Waste Disposal Facilities Revenue
Refunding Bonds, Series 1998. The Series 1998 bonds were issued for the purpose of
refunding the Grand Island Area Solid Waste Agency's Solid Waste Facilities
Revenue Bonds, Series 1992, which were issued for the purpose ofpaying the cost of
constructing and acquiring solid waste disposal facilities and systems to service the
City of Grand Island and Hall County. The Series 2004 Bonds mature and bear
interest as follows:
Principal Maturity Interest CUSIP
Amount Date Rate No.
$335,000 October 15, 2011 3.65% 385626BR6
$350,000 October 15, 2012 3.85% 385626BS4
Said Bonds are hereinafter referred to as the "Refunded Bonds."
Said bonds are subject to redemption at any time on or after September 1, 2009, as a
whole or in part from time to time at the principal amount thereof, plus accrued
interest on such principal amount then being redeemed to the date fixed for such
redemption; and
WHEREAS, the principal of and interest on the Refunded Bonds shall be paid upon
presentation and surrender thereof at the designated corporate trust office of Wells Fargo Bank,
National Association, in Lincoln, Nebraska (the "Paying Agent"), as paying agent and registrar for the
Refunded Bonds; and
WHEREAS, a true copy of this resolution shall be filed immediately with the Paying
Agent and the Paying Agent is hereby instructed to mail notice to each registered owner ofthe bonds
not less than thirty days prior to the date fixed for redemption and to give any other notice as maybe
required by the Depository Trust Company; and
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF
THE CITY OF GRAND ISLAND, NEBRASKA, that:
The above Bonds be redeemed on January 12, 2011.
Approved as to Form n
December 6, 2010 II City Attorney
Adopted by the City Council of the City of Grand Island, Nebraska, December 7, 2010.
Attest:
RaNae Edwards, City Clerk
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