2011-36RESOLUTION NO. 2011- 36
COUNCIL MEMBER WOLFF INTRODUCED THE FOLLOWING RESOLUTION:
BE IT RESOLVED by the Mayor and City Council of the City of Blair, Nebraska:
SECTION 1. The following bonds of the City of Blair, Nebraska, in accordance with
their option provisions are hereby called for payment on November 15, 2011, after which date
interest on the bonds will cease:
a. General Obligation Various Purpose Bonds, Series 2005, date of original issue — July
19, 2005, in the principal amount of Four Hundred Sixty -five Thousand Dollars
($465,000), numbered as shown on the books of the Paying Agent and Registrar, and
becoming due and bearing interest as follows:
Principal Amount
Maturity Date
Interest Rate
CUSIP No.
$ 90,000
October 15, 2012
3.60%
093005 FT 8
9000
October 15, 2013
3.70
093005 FU 5
95,000
October 15, 2014
3.80
093005 FV 3
95
October 15, 2015
3.90
093005 FW 1
20,000
October 15, 2016
4.00
093005 FX 9
2500
October 15, 2017
4.10
093005 FY 7
2500
October 15, 2018
4.20
093005 FZ 4
2500
October 15, 2019
4.25
093005 GA 8
Said bonds are hereinafter referred to as the "2005 Refunded Bonds."
The 2005 Refunded Bonds are subject to redemption at any time on or after July 19,
2010, at par and accrued interest, and said interest is payable semiannually.
Proceeds of said 2005 Refunded Bonds were used to provide for the redemption on
October 15, 2005, of $690,000 principal amount of outstanding General Obligation
Various Purpose Bonds, Series 2000, of the City, date of original issue - October 17,
2000, pay the cost of street improvements in Gap Paving Project No. 182, pay the
cost of water improvements in Water Extension District No. 42 and pay the cost of
sewer improvements in Sanitary Sewer Extension District Nos. 61, 62 and 63.
b. General Obligation Various Purpose Bonds, Series 2006, date of original issue — June
15, 2006, in the principal amount of Three Hundred Seventy -five Thousand Dollars
($375,000), numbered as shown on the books of the Paying Agent and Registrar, and
becoming due and bearing interest as follows:
Principal Amount
Maturity
Interest Rate
CUSIP No.
$ 70,000
June 15, 2012
4.00%
093005 GG 5
70,000
June 15, 2013
4.10
093005 GH 3
75,000
June 15, 2014
4.20
093005 GJ 9
8000 June 15, 2015 4.30 093005 GK 6
8000 June 15, 2016 4.35 093005 GL 4
Said bonds are hereinafter referred to as the "2006 Refunded Bonds."
The 2006 Refunded Bonds are subject to redemption at any time on or after June 15,
2011, at par and accrued interest, and said interest is payable semiannually.
The proceeds of the 2006 Refunded Bonds, were used to pay the cost 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 Paving District Nos.
184 and 185; pay the cost of street improvements and related integral storm sewer
improvements in Gap Paving Project No. 183; pay the costs of flood control
improvements related to said project; pay the cost of water improvements in Water
Extension District Nos. 43 and 44; and pay the costs of sewer improvements in
Sanitary Sewer Extension District Nos. 64, 65 and 66.
SECTION 2. The following bonds of the City of Blair, Nebraska, in accordance with
their option provisions are hereby called for payment on September 28, 2012, after which date
interest on the bonds will cease:
General Obligation Various Purpose Bonds, Series 2007, date of original issue September
28, 2007, in the principal amount of Two Million One Hundred Fifty Thousand Dollars
($2,150,000), numbered as shown on the books of the Paying Agent and Registrar, and
becoming due and bearing interest as follows:
Principal Amount
Maturity
Interest Rate
CUSIP No.
$ 15000
September 15, 2013
3.95%
093005 GS 9
11000
September 15, 2014
4.05
093005 GT 7
11000
September 15, 2015
4.15
093005 GU 4
11000
September 15, 2016
4.25
093005 GV 2
12000
September 15, 2017
4.35
093005 GW 0
125,000
September 15, 2018
4.45
093005 GX 8
130
September 15, 2019
4.55
093005 GY 6
135
September 15, 2020
4.65
093005 GZ 3
145,000
September 15, 2021
4.75
093005 HA 7
150
September 15, 2022
4.80
093005 HB 5
865,000
September 15, 2027
5.00
093005 HC 3
Said bonds are hereinafter referred to as the "2007 Refunded Bonds."
The 2007 Refunded Bonds are subject to redemption at any time on or after September
28, 2012, at par and accrued interest, and said interest is payable semiannually.
Proceeds of said 2007 Refunded Bonds were used to pay the cost 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 Paving /Street Improvement District
Nos. 186, 187, 188 and 189; pay the cost of water improvements in Water Extension
District Nos. 45, 46 and 47; pay the costs of sewer improvements in Sanitary Sewer
Extension District Nos. 68, 69 and 70; pay the cost of storm sewer improvements in
Storm Water Sewer District No. l; and pay the cost of sidewalk improvements in
Sidewalk District Nos. 2005 -1, 2005 -2 and 2005 -3.
SECTION 3. The 2005 Refunded Bonds, the 2006 Refunded Bonds and the 2007
Refunded Bonds are to be paid at the office of Treasurer of the City of Blair, Blair, Nebraska, as
paying agent and registrar (the "Paying Agent and Registrar ").
SECTION 4. A true copy of this resolution shall be filed immediately with the Paying
Agent and Registrar, and said Paying Agent and Registrar is hereby irrevocably instructed to
mail notice to each registered owner of said bonds not less than thirty days prior to the respective
dates fixed for redemption, all in accordance with the ordinances authorizing the 2005 Refunded
Bonds, the 2006 Refunded Bonds and the 2007 Refunded Bonds.
COUNCIL MEMBER KEPHART MOVED THAT THE RESOLUTION BE ADOPTED AS
READ, WHICH SAID MOTION WAS SECONDED BY COUNCIL MEMBER HALL. UPON
ROLL CALL, COUNCIL MEMBERS SHEPARD, STEWART, KEPHART, RYAN,
CHRISTIANSEN, WOLFF, HALL AND JENSEN VOTING "AYE ", AND COUNCIL
MEMBERS NONE VOTING "NAY ", THE MAYOR DECLARED THE FOREGOING
RESOLUTION PASSED AND ADOPTED THIS 11TH DAY OF OCTOBER, 2011.
CITY OF BLAIR, NEBRASKA
J S REALPH, MAYOR
ATTEST:
Fm Arm�..
(SEAL)
STATE OF NEBRASKA )
) ss
COUNTY OF WASHINGTON )
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 foregoing Resolution was passed at a
regular meeting of the Mayor and City Council of said City held on the l lth day of October,
2011. -4,4 - "'? , 1i 4