HomeMy WebLinkAbout14-129CITY OF LAKEVILLE
RESOLUTION NO. 14-129
RESOLUTION AUTHORIZING THE REDEMPTION OF GENERAL
OBLIGATION WATER REVENUE REFUNDING BONDS
SERIES 2004B
BE IT RESOLVED by the City Council of the City of Lakeville, Minnesota (the
"City"), as follows:
Section 1. The City has issued its $9,735,000 General Obligation Water Revenue
Refunding Bonds, Series 2004B, dated as of November 1, 2004 (the "Bonds") pursuant to
Resolution No. 04-217 adopted by this council on October 18, 2004.
Section 2. Bonds maturing in the years 2015 and thereafter, are subject to
redemption and prepayment on February 1, 2014 and any date thereafter, upon notice of
call for redemption thereof mailed not less than 30 days before the date specified for
redemption to the bank at which principal and interest are payable and to the holder of
each bond, if known.
Section 3. The City has determined that there exists sufficient moneys to redeem
on February 1, 2015 all of the Bonds maturing on and after February 1, 2016, and has
requested that the City Council approve such redemption of the Bonds. The redemption
of the Bonds described above is hereby approved, and the Mayor and City Clerk are
hereby authorized and directed to cause the Bonds to be redeemed on February 1, 2015.
Section 4. U.S. Bank National Association, in St. Paul, Minnesota, the bank at
which principal and interest on the Bonds are payable, is hereby authorized and directed
to cause the notice of redemption required by Section 2.04 of Resolution 04-217 to be
mailed in accordance with such Section 2.04 to the registered holders of the Bonds to be
redeemed.
APPROVED AND ADOPTED this 15t" day of December, 2014
CITY OF LAKEVILLE, MINNESOTA
By:
Matt Little, Mayor
ATTEST:
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Charlene Friedges, City -r