2015-15RESOLUTION NO. 2015- 15
COUNCIL MEMBER WOLFF INTRODUCED THE FOLLOWING RESOLUTION:
BE IT RESOLVED by the Mayor and City Council of the City of Blair, Nebraska:
Section 1. That the following bonds, in accordance with their option provisions, are
hereby authorized to be called for payment as provided in a Direction for Call (as defined
below), after which date interest on the bonds will cease:
Sewer System Revenue Bonds, Series 2010, of the City of Blair, Nebraska, date of
original issue — August 17, 2010, in the principal amount of One Million Six Hundred
Forty -five Thousand Dollars ($1,645,000), 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
October 1 of Year
Principal Maturing
Per Annum
CUSIP
2017
$ 10,000
2.70%
093027 BH2
2018
105,000
2.90
093027 BJ8
2019
90,000
3.10
093027 BK5
2020
95,000
3.30
093027 BL3
2021
100,000
3.45
093027 BM1
2022
100,000
3.60
093027 BN9
2023
105,000
3.75
093027 BP4
2024
110,000
3.90
093027 BQ2
2025
115,000
4.00
093027 BRO
2030
815,000
4.35
093027 BS8
Said bonds are hereinafter referred to as the "Refunded Bonds."
Said bonds are subject to redemption at any time on or after August 17, 2015, at par and
accrued interest, and said interest is payable semiannually. Said bonds were authorized
by ordinance and were issued for the cost of extending, enlarging and improving the
City's sewage disposal plant and sanitary sewer system.
Section 2. The Refunded Bonds are to be paid off at the office of the Treasurer of the
City of Blair, Nebraska, as paying agent and registrar (the "Paying Agent ").
Section 3. The Mayor or City Administrator of the City (each, an "Authorized Officer ")
are each individually hereby authorized at any time on or after the date of this resolution to direct
the irrevocable call of the Refunded Bonds on behalf of the City and such direction, when made
in writing (the "Direction for Call "), shall constitute the action of the City without further action
of the Mayor or Council of the City. The Direction for Call may be set for any date on or prior
to December 31, 2015, after which time the Authorized Officers shall have no authority to make
any such determination hereunder without further action of the Mayor and Council of the City
and this resolution shall be of no further force and effect.
Section 4. A true copy of this resolution shall be filed with the Paying Agent not less
than thirty days prior to said date fixed for redemption in the Direction for Call. The Paying
Agent is hereby instructed to mail notice to each registered owner of the Refunded Bonds not
less than thirty days prior to the date fixed for redemption, all in accordance with the ordinance
authorizing the issuance of the Refunded Bonds, and to take all other actions deemed necessary
in connection with the redemption of the Refunded Bonds.
COUNCIL MEMBER WOLFF MOVED THAT THE RESOLUTION BE ADOPTED AS
READ, WHICH SAID MOTION WAS SECONDED BY COUNCIL MEMBER JENSEN.
UPON ROLL CALL, COUNCIL MEMBERS SHEPARD, KEPHART, WILLIS, ANDERSEN,
JENSEN, HALL AND WOLFF VOTING "AYE ", AND COUNCIL MEMBERS NONE
VOTING "NAY ", THE MAYOR DECLARED THE FOREGOING RESOLUTION PASSED
AND ADOPTED THIS 26TH DAY OF MAY, 2015.
CITY OF BLAIR, NEBRASKA
B
S REALPH, MAYOR
ATTEST:
BRENDA R. WHEELER, CITY OLERK
(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
26th day of May, 2015.
C � "', 4 ��
BRENDA R. WHEELER, CITY CLERK