2240ORDINANCE NO. 2240
COUNCIL MEMBER RYAN INTRODUCED THE FOLLOWING ORDINANCE:
"AN ORDINANCE OF THE CITY OF BLAIR, NEBRASKA, AMENDING ORDINANCE NO.
2224 OF THE CITY TO INCREASE THE AGGREGATE AMOUNT OF WATER SYSTEM
REVENUE BOND ANTICIPATION NOTES AUTHORIZED UNDER ORDINANCE NO. 2224
FROM $8,000,000 TO $8,200,000 AND OTHERWISE AFFIRMING AND RATIFYING SAID
ORDINANCE NO. 2224 AND PROVIDING FOR PUBLICATION OF THIS AMENDING
ORDINANCE IN PAMPHLET FORM."
BE IT ORDAINED BY THE MAYOR AND CITY COUNCIL OF THE CITY OF BLAIR,
NEBRASKA:
Section 1. The Mayor and Council of the City of Blair (the "City ") hereby find and
determines as follows:
(a) the City owns and operates its own waterworks plant and system (the "Water
System "), which constitutes a revenue- producing undertaking of the City;
(b) that pursuant to Ordinance No. 2224 of the City, the City has authorized the
issuance of up to $8,000,000 aggregate principal amount of Water System Revenue Bond
Anticipation Notes, in one or more series (the "Notes ") in order to finance the costs of
enlarging, expanding and improving the City's Water System by construction of expansions,
enlargements and improvements (the "Project ") to the Water System, and particularly
expansions, enlargements and improvements to the City's water treatment plant;
(c) that to date the City has issued $5,000,000 of Notes;
(d) that updated estimates of the cost of the Project are higher than initially
estimated and stated in Ordinance No. 2224 and based upon updated estimate furnished by
the City's engineer, the remaining cost of completion the Project may result in the need to
issue additional Notes in a rinc1 ai amount exceeding $3,000,000;
p" p
(e) that in order to retain the ability to finance the increased costs of the Project
through the issuance of Notes the City desires to increase the aggregate principal amount of
Notes authorized to be issued under Ordinance No. 2224;
Section 2. Section 2 of Ordinance No. 2224 is hereby amended to increase the aggregate
principal amount of Notes authorized to be issued to finance costs of the project from $8,000,000 to
$8
Section 3. As amended by this Ordinance, the City Council hereby ratifies and affirms
Ordinance No. 2224 in its entirety.
Section 4. The Mayor, Clerk, Treasurer and City Administrator of the City are hereby
authorized to do all things and execute all such documents as may by them be deemed necessary and
proper to complete the issuance and sale of the Notes as contemplated by Ordinance No. 2224, as
amended by this Ordinance. This Ordinance is hereby determined to be a measure necessary to carry
out the City's contractual obligations relating to the issuance of the Notes and the payment for the
Project and shall take effect as provided by law. This Ordinance is hereby determined to be an
emergency measure necessary to take effect to allow the City to borrow funds and finance the Project
as intended in Ordinance No. 2224 and shall take effect immediately upon proclamation by the
Mayor.
Section 5. If any section, paragraph, clause, or provision of this ordinance shall be held
invalid, the invalidity of such section, paragraph, clause or provision shall not affect any of the other
provisions of this ordinance.
Section 6. All ordinances, resolutions or orders, or parts thereof, in conflict with the
provisions of this ordinance are to the extent of said conflict hereby repealed.
Section 7. This ordinance shall be published in pamphlet form and shall be in full force and
effect from and after its passage as provided by law.
PASSED AND APPROVED this 26 day of February, 2013.
CITY OF BLAIR, NEBRASKA
E. REALPH, MAYO
ATTEST:
BRENDA R. WHEELER, CITY CLERK
(SEAL)
STATE OF NEBRASKA )
) :ss:
COUNTY OF WASHINGTON )
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 Ordinance was duly passed
and approved at a regular meeting of the Mayor and City Council of said City held on the 26 day of
February, 2013.
BRENDA R. WHEELER, CITY CLERK