05/12/2009 Resolutions 2009-115RESOLUTION 2009-115
BE IT RESOLVED by the Mayor and City Council of the City of Grand Island, Nebraska:
Section 1. The following bonds of the City of Grand Island, Nebraska, in accordance with their option
provisions are hereby called for payment on June 16, 2009, after which date interest on the bonds will cease:
Various Purpose Bonds, Series 2002, date of original issue -January 15, 2002, in the principal amount of
Two Million Nine Hundred Twenty-five Thousand Dollars ($2,925,000), numbered as shown on the books of
the Paying Agent and Registrar becoming due and bearing interest as follows:
Principal Amount Maturity Date Interest Rate CUSIP No.
$270,000 December 15, 2009 4.20% 385622 MP 7
285,000 December 15, 2010 4.30 385622 MQ 5
295,000 December 15, 2011 4.40 385622 MR 3
310,000 December 15, 2012 4.50 385622 MS 1
320,000 December 15, 2013 4.65 385622 MT 9
330,000 December 15, 2014 4.75 385622 MU 6
355,000 December 15, 2015 4.85 385622 MV 4
370,000 December 15, 2016 4.95 385622 MW 2
390,000 December 15, 2017 5.00 385622 MX 0
Said bonds are hereinafter referred to as the "Refunded Bonds."
Said bonds are subject to redemption at any time on or after January 15, 2007, at the principal amount thereof
plus accrued interest, and said interest is payable semiannually.
Said Refunded Bonds were issued for the purpose of paying the costs of improving streets and alleys,
intersections and areas formed by the crossing of streets, avenues or alleys and streets adjacent to real estate
owned by the City in Street Improvement District No. 1221.
Section 2. The Refunded Bonds are to be paid offat the principal corporate trust office ofCornerstone Bank,
in York, Nebraska (the "Paying Agent"), as paying agent and registrar.
Section 3. A true copy of this resolution shall be filed immediately with the Paying Agent and said Paying
Agent is hereby irrevocably instructed to mail notice to each registered owner of said bonds not less than thirty days
prior to the date fixed for redemption, all in accordance with the ordinance authorizing said called bonds.
Adopted by the City Council of the City of Grand Island, Nebraska, May 12, 2009.
Margaret rnady, Mayor
Attest:
~a~ ~~~~,.~.
RaNae Edwards, City Clerk
Approved as to Form ^_
May 12, 2009 p City Attorney