2018-19RESOLUTION 2018-19
COUNCIL MEMBER HALL 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, Taxable Series 2012, dated June 5, 2012, issued in the
original principal amount of $9,480,000 (the "2012 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
June 15 of Year
2019
2020
2021
2022
2023
2024
2025
2026
2027
2032
Amount of
Principal Maturing
$545,000
1,000,000
575,000
1,000,000
630,000
635,000
200,000
150,000
125,000
2,000,000
Interest Rate
Per Annum
3.20%
3.50
3.75
4.00
4.25
4.45
4.65
4.80
4.90
5.50
CUSIP
093030 ERl
093030 ES9
093030 ET7
093030 EU4
093030 EV2
093030 EWO
093030 EX8
093030 EY6
093030 EZ3
093030 FA7
In accordance with the ordinance authorizing the issuance of the 2012 Bonds (collectively, the "2012
Ordinance"), the 2012 Bonds may be called for redemption from time to time as provided below
(each such portion of the 2012 Bonds, "Called 2012 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 (30) days prior to the date fixed for redemption of the corresponding Called 2012
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 2012
Bonds not less than thirty (30) days prior to the applicable Redemption Date in accordance with the
2012 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 2012 Bonds
to be redeemed from time to time and to determine on behalf of the City the Redemption Date on
which the Called 2012 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 2012 Bonds.
[NO FURTHER TEXT ON THIS PAGE]
COUNCIL MEMBER HANSEN MOVED THAT THE RESOLUTION BE ADOPTED AS
READ, WHICH SAID MOTION WAS SECONDED BY COUNCIL MEMBER JENSEN.
UPON ROLL CALL, COUNCIL MEMBERS SHEPARD, STEWART, HANSEN, WILLIS,
WOLFF, HALL AND JENSEN VOTING "AYE", AND COUNCIL MEMBERS NONE
VOTING "NAY", THE MAYOR DECLARED THE FOREGOING RESOLUTION PASSED
AND ADOPTED THIS 14" DAY OF AUGUST, 2018.
THE CITY OF BLAIR,
IN THE STATE OF NEBRASKA
By:
,;�
ames 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 14th day of August 2018.
BMENDA WHEELER, CITY CLERK
Exhibit A to Call Resolution of the City of Blair, Nebraska
FORM OF
DIRECTION FOR CALL
WATER SYSTEM REVENUE BONDS, SERIES 2012
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, Taxable Series 2012, dated June 5, 2012, issued in the
original principal amount of $9,480,000 (the "2012 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
June 15 of Year
Principal Maturing
Per Annum
CUSIP
2019
$545,000
3.20%
093030 ERI
2020
1,000,000
3.50
093030 ES9
2021
575,000
3.75
093030 ET7
2022
1,000,000
4.00
093030 EU4
2023
630,000
4.25
093030 EV2
2024
635,000
4.45
093030 EWO
2025
200,000
4.65
093030 EX8
2026
150,000
4.80
093030 EY6
2027
125,000
4.90
093030 EZ3
2032
2,000,000
5.50
093030 FA7
Section 2. The 2012 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 2012 Bonds not less than thirty (30) days prior to the
Redemption Date in accordance with the resolution authorizing the issuance of the 2012 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]