2012-05RESOLUTION NO. 2012-5
COUNCIL MEMBER CHRISTIANSEN INTRODUED THE FOLLOWING RESOLUTION:
BE IT RESOLVED by the City Council of The City of Blair, in the State of Nebraska (the
"City "), as follows:
Section 1. The City Council hereby finds and determines that notice of public hearing was
published in The Blair Enterprise on February 24, 2012, and that a public hearing pursuant to said
notice has been conducted by the City Council, and pursuant to such public hearing the City
Council hereby approves issuance by the City of its Water System Revenue Bonds, Series 2012 (the
"Bonds ") in accordance with the following information:
A. The purpose of the issuance of the Bonds shall be to (i) repay the City's
outstanding Water System Revenue Bond Anticipation Notes, Series 2007B, dated August
'15 2007 in the principal amount of $8,000,000, which were issued to pay the costs of
enlargements, expansions and improvements (collectively, the "Project ") to the City's Water
Treatment Plant (the "Plant "), to provide for increased capacity of the Plant to serve, among
other users, facilities operated by Cargill, Incorporated, located at or about 650 Industrial
Road, in Blair, Nebraska, and certain users obtaining water service through Cargill,
Incorporated and (ii) to pay certain costs of issuance and fund certain reserves associated
with the Bonds;
B. The maximum aggregate face amount of Bonds to be issued is $9,500,000;
C. The initial and present owner and operator of the Plant and the Project is the
City;
D. The street address of the Plant and Project is 742 Fairview Drive, Blair,
Nebraska.
Section 2. As hereby approved, the Bonds shall be issued upon such terms and conditions as
shall be determined by the City.
Section 3. The approval provided for in this resolution is for purposes of Section 147(f) of the
Internal Revenue Code of 1986, as amended.
Section 4. The Mayor and City Clerk (or either one of them) acting for and on behalf of City
are hereby authorized to execute and deliver any further documents deemed by them necessary or
appropriate for or on behalf of the City to reflect the approval of the issuance of the Bonds for and on
behalf of the City.
COUNCILMEMBER WOLFF MOVED THAT THE RESOLUTION BE ADOPTED AS
READ, WHICH SAID MOTION WAS SECONDED BY COUNCIL MEMBER JENSEN.
UPON ROLL CALL, COUNCILMEMBERSSTEWART, SHEPARD, KEPHART, RYAN,
CHRISTIANSEN, JENSEN AND WOLFF VOTING "AYE ", AND COUNCIL MEMBERS
NONE VOTING "NAY ", THE MAYOR DECLARED THE FOREGOING RESOLUTION
WAS PASSED AND ADOPTED THIS 13th DAY OF MARCH, 2012.
CITY OF BLAIR, NEBRASKA
B
J
MSE. EALPH, MAYOR
ATTEST:
�4 a-
NDA R. WHEELER, CITY CLERK
(SEAL)
STATE OF NEBRASKA )
) :ss:
WASHINGTON COUNTY )
BRENDA R. 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 and adopted at a regular meeting of the Mayor and City Council of said city held on the
13th day of March, 2012. 4-
BRENDA R. WHEELER, CITY CLERK