2018-17RESOLUTION 2018-17
COUNCIL MEMBER IIANSEN INTRODUCED THE FOLLOWING RESOLUTION:
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF BLAIR, NEBRASKA,
IN THE STATE OF NEBRASKA (THE "CITY"), as follows:
Section 1. That, subject to the provisions of Sections 2 and 3 below, some or all of the
following obligations of the City are authorized to be called for redemption on such date or dates as
shall be set forth in one or more Directions for Call (as defined below):
Water System Revenue Bonds, Series 2010B, dated September 28, 2010, issued in the
original principal amount of $6,500,000 (the "2010B Bonds"), numbered as shown on the
books of the Paying Agent and Registrar, in denomination of $5,000 each, becoming due
and bearing interest as follows:
Maturing on
Amount of
Interest Rate
December 15 of Year
Principal Maturing
Per Annum
CUSIP
2018
$405,000
2.75%
093030EB6
2019
415,000
3.00
093030EC4
2020
430,000
3.20
093030ED2
2021
440,000
3.35
093030EEO
2022
455,000
3.50
093030EF7
2023
475,000
3.65
093030EG5
2024
490,000
3.80
093030EH3
2025
510,000
3.90
093030EJ9
2030
2,880,000
4.35
093030EK6
In accordance with the ordinance authorizing the issuance of the 2010B Bonds (collectively, the
"2010B Ordinance"), the 2010B Bonds may be called for redemption from time to time as provided
below (each such portion of the 2010B Bonds, "Called 2010B Bonds") shall be presented for
payment at the office of the City Treasurer, as Paying Agent and Registrar, in Blair, Nebraska (the
"Paying Agent"). A copy of each Direction for Call described below shall be filed with said Paying
Agent not less than thirty (3 0) days prior to the date fixed for redemption of the corresponding Called
2010B Bonds (each such date, a "Redemption Date"). Upon receipt of such document, the Paying
Agent is hereby irrevocably directed to mail notice to all registered owners of the applicable Called
2010B Bonds not less than thirty (30) days prior to the applicable Redemption Date in accordance
with the 2010B Ordinance.
Section 2. The Mayor, City Administrator or City Treasurer (each, an "Authorized Officer")
each are hereby authorized at any time on or after the date of this resolution to select the 2010B
Bonds to be redeemed from time to time and to determine on behalf of the City the Redemption Date
on which the Called 2010B Bonds shall be called for redemption, and such determinations, when
made in writing (in substantially the form attached to this Resolution as Exhibit A, each hereinafter
referred to as a "Direction for Call"), shall constitute the action of the City without further action of
the City Council. The Redemption Date may be set for any date prior to December 31, 2018; outside
of such date the Authorized Officers shall have no authority to make any such determination
hereunder without further action of the City Council and this resolution shall be of no further force
and effect.
Section 3. This Resolution shall take effect and be in force from and after its passage as
provided by law, provided, that the filing of a Direction for Call with the Paying Agent and its
effectiveness shall be subject to the condition that an Authorized Officer shall have executed a bond
purchase agreement with respect to the City's water system revenue bonds, the proceeds of which
are to be used to pay and redeem the corresponding Called 2010B Bonds.
[NO FURTHER TEXT ON THIS PAGE]
Exhibit A to Call Resolution of the City of Blair, Nebraska
FORM OF
DIRECTION FOR CALL
WATER SYSTEM REVENUE BONDS, SERIES 2010B
OF THE CITY OF BLAIR, IN THE STATE OF NEBRASKA
Section 1. That the following portions of the following obligations of the City of Blair,
Nebraska (the "City"), which are subject to optional redemption at par at any time on or after
, 20, are hereby called for redemption on , 20 (the
"Redemption Date"):
Water System Revenue Bonds, Series 2010B, dated September 28, 2010, issued in the
original principal amount of $6,500,000 (the "2010B Bonds"), numbered as shown on the
books of the Paying Agent and Registrar, in denomination of $5,000 each, becoming due
and bearing interest as follows:
Maturing on
December 15 of Year
2018
2019
2020
2021
2022
2023
2024
2025
2030
Amount of
Interest Rate
Principal Maturing
Per Annum
CUSIP
$405,000
2.75%
093030EB6
415,000
3.00
093030EC4
430,000
3.20
093030ED2
440,000
3.35
093030EE0
455,000
3.50
093030EF7
475,000
3.65
093030EG5
490,000
3.80
093030EH3
510,000
3.90
093030EJ9
2,880,000
4.35
093030EK6
Section 2. The 2010B Bonds are to be paid at the office of the City's Treasurer (the "Paying
Agent") as paying agent and registrar.
Section 3. This instrument is hereby determined to be the "Direction for Call" as defined
in a resolution of the City Council of the City adopted , 2018, and the actions
and determinations made herein pursuant to said resolution are and shall constitute the action of
the City without further action of the City Council.
Section 4. A copy of this Direction for Call shall be filed with the Paying Agent not less
than thirty (30) days prior to the Redemption Date. The Paying Agent is hereby directed to mail
notice to all registered owners of the 2010B Bonds not less than thirty (30) days prior to the
Redemption Date in accordance with the resolution authorizing the issuance of the 2010B Bonds
and to take all other actions deemed necessary in connection therewith.
Dated as of the day of , 2018.
THE CITY OF BLAIR, NEBRASKA
By:(Sample — Do Not Sign)
[Mayor]
[City Administrator]
[City Treasurer]
ADOPTED this 10TH day of July, 2018.
THE CITY OF BLAIR,
IN THE STATE OF NEBRASKA
By:
J s Realph, Mayor
ATTEST:
Brenda Wheeler, City Clerk
(SEAL)
STATE OF NEBRASKA )
) :s:
WASHINGTON COUNTY )
BRENDA WHEELER, hereby certifies that she is the duly appointed, qualified and acting City
Clerk of the City of Blair, Nebraska, and that the above and forgoing Ordnance was passed at a
regular meeting of the mayor and city council of said City held on 10th day of July 2018.
BREN15A WHEELER, CITY CLERK