05/22/2012 Resolutions 2012-137RESOLUTION 2012-137
BE IT RESOLVED by the Mayor and City Council of the City of Grand Island, Nebraska:
Section 1. The following bonds, in accordance with their option provisions are hereby called
for payment on June 26, 2012, after which date interest on the bonds will cease:
Water Revenue Refunding Bonds, Series 1999, of the City of Grand Island, Nebraska, date of
original issue — March 3,1999, in the principal amount of One Million Ninety-five Thousand
Dollars ($1,095,000), numbered as shown on the books of the Paying Agent and Registrar, in
denomination of $5,000 each or integral multiples thereof, becoming due and bearing interest
as follows:
Principal Maturity
Amount Date
$ 350,000 July l, 2012
365,000 July 1, 2013
380,000 July 1, 2014
Interest
Rate
4.65%
4.75
4.85
Said bonds are hereinafter referred to as the "Refunded Bonds."
CUSIP No.
385694 FRO
385694 FS8
385694 FT6
Said bonds are subject to redemption at any time on or after March 3, 2004, at par and
accrued interest, and said interest is payable semiannually. Said bonds were authorized by
Ordinance No. 8439 and were issued for the purpose of refunding $4,505,000 Water
Revenue Refunding Bonds, Series 1993, Date of Original Issue — April l, 1993.
Section 2. The Refunded Bonds are to be paid off at the office of Wells Fargo Bank,
National Association in Minneapolis, Minnesota (formerly National Bank of Commerce Trust and
Savings Association, Lincoln, Nebraska), as paying agent and registrar for the Refunded Bonds (the
"Paying Agent").
Section 3. A true copy of this resolution shall be filed immediately with the Paying Agent,
and said Paying Agent is hereby instructed to mail notice to each registered owner of the Refunded
Bonds not less than thirty days prior to the date fixed for redemption, all in accordance with the
ordinance authorizing the Refunded Bonds.
Adopted by the City Council of the City of Gran
Attest:
t3.1 1 � (.�.�
RaNae Edwards, City Clerk
Approved as to Form Q � �
May 21, 2012 tt City A orney