Resolution No. 2026-007 - A Resolution Approving the Bond Purchase Agreement for the sale of General Obligation Urban Renewal Bonds, Series 2026A
resolution, agenda item I-3
Document 679
Dated February 3, 2026City Council — regular meeting, February 3, 2026 33 pages
Resolution 2026-007
Adopted at the City Council — regular meeting, February 3, 2026 — from the minutes and the signed copy's text.
Resolution No. 2026-007 - A Resolution Approving the Bond Purchase Agreement for the sale of General Obligation Urban Renewal Bonds, Series 2026A, Page 28 of 33
Text from the PDF text layer; check the PDF for anything that matters. 7. Ownership of, payment of the principal amount of, redemption premium, if any, and
interest due on the Bonds and delivery of notices shall be subject to the provisions of the Bond Document,
and for all other purposes. The AGENT shall have no responsibility to determine the beneficial owners
of any Bonds and shall owe no duties to any such beneficial owners. Upon written request and reasonable
notice from the ISSUER, the AGENT will mail, at the ISSUER’s expense, notices or other
communications from the ISSUER to the holders of the Bonds as recorded in the registry maintained by
the AGENT.
8. Unless the Bond Document provides otherwise, the ISSUER shall, without notice from or
demand of the AGENT, provide to the AGENT funds that are immediately available at least one business
day prior to the relevant interest and/or principal payment date, sufficient to pay on each interest payment
date and each principal payment date, all interest and principal then payable under the terms and provisions
of the Bond Document and the Bonds. The AGENT shall have no responsibility to make any such
payments to the extent ISSUER has not provided sufficient immediately available funds to AGENT on
the relevant payment date. Unless the Bond Document provides otherwise, in the event that an interest
and/or principal payment date shall be a date that is not a business day, payment may be made on the next
succeeding business day and no interest shall accrue. The term “business day” shall include all days
except Saturdays, Sundays and legal holidays recognized by the Federal Reserve Bank of Kansas City,
Missouri.
9. Unless otherwise provided in the Bond Document and subject to the provisions of
Paragraph 12 hereof, to the extent that the ISSUER has made sufficient funds available to it, the AGENT
will pay to the record owners of the Bonds as of any record date (as specified in the Bond certificate or
Bond Document) the interest due thereon as of the related interest payment date or any redemption date
and, will pay upon presentation and surrender of such Bond at maturity or earlier date of redemption to
the owner of any Bond, the principal or redemption amount of such Bond.
10. The AGENT may make a charge against any Bond owner sufficient for the reimbursement
of any governmental tax or other charge required to be paid for any reason, including, but not limited to,
failure of such owner to provide a correct taxpayer identification number to the AGENT. Such charge
may be deducted from an interest or principal payment due to such owner.
11. Unless payment of interest, principal, and redemption premium, if any, is made by
electronic transfer all payments will be made by check or draft and mailed to the last address of the owner
as reflected on the registry of owners, or to such other address as directed in writing by the owner. In the
event of payment of interest, the principal amount of and redemption premium, if any, by electronic
transfer, the AGENT shall make payment by such means, at the expense of the ISSUER, pursuant to
written instructions from the owner.
12. Subject to the provisions of the Bond Document, the AGENT may pay at maturity or
redemption or issue new certificates to replace certificates represented to the AGENT to have been lost,
destroyed, stolen or otherwise wrongfully taken, but first may require the Bond owner to pay a replacement
fee, to furnish an affidavit of loss, and/or furnish either an indemnity bond or other indemnification
satisfactory to the AGENT indemnifying the ISSUER and the AGENT.
3
Sources
- City agenda center (revize): Attachment (HanA4sT2TicWbJk2mYTl2WD2xFocXG.pdf) — where it was found first seen Oct 12, 2026
Attached to agenda item: I-3 Resolution No. 2026-007 - A Resolution Approving the Bond Purchase Agreement for the...
In the town's history
History notes, checked research claims and dated events of the town's history that cite this document.
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February 3, 2026 Spending
The February 3, 2026 staff report on the bond resolution provided for $13,500,000 of General Obligation Urban Renewal Bonds, Series 2026A, for the Community/Recreation Center Development Project.
“provides for the issuance of $13,500,000 General Obligation Urban Renewal Bonds, Series 2026A, to finance the Community/Recreation Center Development Project”
document 679, p. 1, meeting, project, 2020s
Data last updated November 9, 2026. Built from the archive's documents; see how the data is built.