07/27/2004 Equalization 2004-SWA-2
I
RESOLUTION NO. 2004-SW A-2
BE IT RESOL VED by the Mayor and City Council of the City of Grand Island, Nebraska, acting as
the governing body (the "Governing Body") ofthe Grand Island Area Solid Waste Agency, as follows:
Section 1. The Governing Body of the Grand Island Area Solid Waste Agency, (the "Agency")
hereby finds and determines that it is necessary and advisable that following bonds (the "Bonds") in
accordance with their option provisions, are hereby called for payment on September 1, 2004, after which
date interest on the Bonds will cease:
Grand Island Area Solid Waste Agency, Solid Waste Disposal Facilities Revenue Refunding
Bonds, Series 1998, date of original issue - July IS, 1998, presently outstanding in the
principal amount of $2,735,000, due in the years 2004 through 2012, issued for the purpose
of refunding said Agency's Solid Waste Facilities Revenue Bonds, Series 1992, which were
issued for the purpose of paying the cost of constructing and acquiring solid waste disposal
facilities and system to serve the City of Grand Island and The County of Hall, which Series
1998 Bonds mature and bear interest as follows:
Principal Interest Rate
Date of Maturity Amount Per Annum
October 15,2004 $245,000 4.45%
October 15,2005 260,000 4.55%
October IS, 2006 270,000 4.60%
I October 15,2007 285,000 4.65%
October 15,2008 300,000 4.70%
October 15,2009 320,000 4.80%
October 15,2010 335,000 4.90%
October 15,2011 350,000 5.00%
October 15,2012 370,000 5.10%
Section 2. The Bonds are to be paid at the principal corporate trust office of Wells Fargo Bank,
National Association, Lincoln, Nebraska, successor in interest to Norwest Bank Nebraska, National
Association, Omaha, Nebraska, as Paying Agent and Registrar for said Bonds.
Section 3. A true copy of this Resolution shall be filed immediately with such Paying Agent and
Registrar and the Paying Agent and Registrar is hereby irrevocably instructed to take appropriate action to
mail notice to registered owners at least thirty days prior to the call date.
PASSED AND APPROVED TillS 27TH D.t\Y.pF \Y'JO 4. ._ /1
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Mayor)
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Secretary (City Clerk-Treasurer)