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01-28-08 Council Meeting Agenda & Packet
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01-28-08 Council Meeting Agenda & Packet
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9/12/2012 9:17:23 AM
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1/24/2008 1:29:59 PM
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City Council - City Clerk
City Counci - Date
1/28/2008
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Revenue Bonds of 2001 outstanding after February 1, 2008 in the aggregate principal amount of <br />Seven Million One Hundred Forty -five Thousand and 00/100 Dollars ($7,145,000.00) to achieve a <br />savings for the City. The Common Council hereby approves of the sale of the Refunding Bonds in <br />an aggregate principal amount not to exceed Seven Million Two Hundred Thousand and 00 /100 <br />Dollars ($7,200,000.00). <br />2. The Mayor, the City Clerk and the Controller, and such other officers of the <br />City as may be necessary and appropriate, are, and each of them is, hereby authorized to take any <br />and all actions and to execute all such instruments as may be necessary or appropriate to <br />accomplish the advance refunding of the outstanding Prior Bonds, in such forms as the officers <br />executing the same shall deem proper, to be evidenced by the execution thereof, including, without <br />limitation, (i) executing a second addendum to lease to provide for lower annual lease rental <br />payments as a result of the refinancing of the outstanding Prior Bonds, and (ii) entering into a <br />continuing disclosure undertaking agreement to provide continuing disclosure with respect to the <br />Refunding Bonds as required under the federal securities laws. <br />3. This Resolution shall be in full force and effect from and after its passage by <br />the Common Council and approval by the Mayor. <br />PRESENTED <br />NOT" APPROVE U) <br />ADOPTED ' <br />BDDBOI 5104519v2 <br />Member of the Common Council <br />-2- <br />LJ AN '2 <br />CITY CLERW', n- <br />
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